Stock name: Weiming Environment Protection

Stock code: 603568

2025 Environmental Social

and Corporate Governance(ESG ) Report

Zhejiang Weiming Environment Protection Co. Ltd.WEIMING

2 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Contents 3

Contents 01 Advancing Sustainability 04 Collaboration and Co-creation: People First: Building a Management Achieving Shared Industry Success 06 Fulfilling Workplace

04 About This Report 14 Board of Directors Statement 60 Product Quality and Safety ★ 86 Employment and Diversity

06 Chairman's Statement 17 Stakeholder Engagement 62 Customer Service Management ★ 88 Employee Rights and Benefits ★

18 Materiality Assessment and 66 Innovation-Driven Development ★ 94 Talent Development ★

Management

71 Intellectual Property Protection 100 Occupational Health and Safety ★

08 About Weiming Environment Protection 72 Responsible Marketing

09 2025 Sustainability Performance 02 73 Data Security and Customer Privacy Strengthening Corporate 10 2025 Highlights ProtectionGovernance

75 Supply Chain Security

24 Corporate Governance ★

28 Internal Control and Risk Management ★

104 Appendix : Sustainability Reporting 32 Business Ethics and Anti-Corruption ★

Guidelines Alignment Index 05 Creating Value and Contributing to Society

108 Appendix : Key Performance Indicators (KPI)

116 Assurance Statement 03 Environmental Stewardship 80 Rural Revitalisation118 Feedback Form Leading the Green and Low-Carbon Transition 81 Social Contribution

38 Environmental Compliance Management ★

38 Energy Utilisation ★

41 Climate Change Response ★

49 Treatment of Three Wastes

50 Pollutant Emissions ★

53 Water Resource Utilisation

55 Circular Economy

56 BiodiversityWEIMING

4 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Report Preparation Instructions 5

Report Preparation Instructions Notes on Data Sources

Data sources used in this Report include the Company's primary operational data publicly available government

data annual financial data internal statistical reports third-party questionnaire surveys and third-party

Scope of the Report evaluation interviews. Financial data in this Report is denominated in Renminbi (RMB). Where any inconsistency

exists between this Report and the financial reports the financial reports shall prevail.This Report takes Zhejiang Weiming Environment Protection Co. Ltd. as the reporting entity and covers its

branches and subsidiaries. Unless otherwise specified the scope of this Report is consistent with that of the Principles of Report Preparation

Company's annual report.* Sustainability Context: The Company considering the characteristics of its scope and business operations

Time Period identifies the material ESG topics from the perspective of double materiality. The analysis process and

results of these topics can be found in the "Assessment and Management of Material Topics" section of this

The time period covered by this Report is from 1 January 2025 to 31 December 2025 (hereinafter the "Reporting

report.Period"). To enhance the timeliness comparability and completeness of the Report certain content

appropriately references prior years or contains forward-looking statements. * Timeliness: This annual report is released concurrently with Weiming's 2025 Annual Report offering

stakeholders timely information to support decision-making.Definitions

* Accuracy: This report ensures information accuracy with quantitative data calculated using recognized

For ease of expression and readability references in this Report to "Weiming Environment Protection" "the standards and sources duly cited. The Board of Directors assures no false records misrepresentations or

Company" "this Company" or "we" all refer to Zhejiang Weiming Environment Protection Co. Ltd. material omissions.Abbreviated Name Full Legal Name * Balance: The report presents objective and truthful facts disclosing both positive and negative information

related to the Company in an unbiased manner.the Company / this Company /

Zhejiang Weiming Environment Protection Co. Ltd.Weiming Environment Protection * Completeness: The scope of disclosure is consistent with that of the Company's consolidated financial

statements.Environment Protection Group Weiming Environment Protection Group Co. Ltd.* Comparability: The report maintains consistency in the statistical and disclosure methods of quantitative

Equipment Group Weiming Environment Protection Equipment Group Co. Ltd. indicators across different reporting periods.New Energy Group Zhejiang Jiawei New Energy Group Co. Ltd. * Verifiability: All the sources and computation processes of quantitative data disclosed in this report are

traceable and can be used for external verification.Reference Standards * Clarity: This report is published in Simplified Chinese and English with the Simplified Chinese version

* The Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 – Sustainability prevailing. Supplementary tables diagrams an ESG standards index and a glossary are provided for

Reporting (Trial) SSE Self-Regulatory Guidelines for Listed Companies No. 4 – Sustainability Report reference.Preparation (Revised January 2026) Enterprise Sustainability Disclosure Standards – Basic Standards (Trial) * Quantifiability: The report discloses key quantitative indicators and where possible provides comparable

issued by the Ministry of Finance of China historical data. For details refer to the appendix "2025 Key Performance Indicators (KPI) Table".* Global Reporting Initiative (GRI) Sustainability Reporting Standards (2021 Edition) Availability and Access

* United Nations Sustainable Development Goals (SDGs) The electronic version of this Report may be viewed and downloaded at the Shanghai Stock Exchange (http://

* IFRS S1 and IFRS S2 issued by the International Sustainability Standards Board (ISSB) www.sse.com.cn) CNINFO (http://www.cninfo.com.cn) or the Zhejiang Weiming Environment Protection Co.Ltd. official website (https://www.cnweiming.com).* The Ten Principles of the United Nations Global Compact

Contact Information

Report Overview

Mailing Address: 16/F Tongren Hengjiu Tower No. 525 Shifu Road Wenzhou Zhejiang Province

This Report is the 4th Environmental Social and Governance (ESG) Report published by Weiming Environment

Telephone: 0086-0577-86056018

Protection. It discloses to investors and other stakeholders the Company's principles management approaches

initiatives and outcomes with respect to ESG topics in the course of its business operations. Fax: 0086-0577-86051888

Email: ir@cnweiming.com

Official Website: https://www.cnweiming.comWEIMING

6 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Chairman's Statement 7

Chairman's Statement

(I) Environmental Dimension: Sustained Development from China to rate for key positions remained at the forefront of the industry. The I thank our shareholders whose capital support has enabled us to

the World Stage second tranche of the 2023 restricted share incentive plan was un- weather cycles and invest in research and development. I thank our

When the final data for 2025 were tallied what I saw was not merely a locked enabling 158 core employees to share 3.084 million shares partners for joining Weiming Environment Protection in building a

scorecard but the testament of a team that has held fast to its green com- — not a simple incentive but the institutionalisation of co-creation green ecosystem together. I thank every member of the Weiming

mitments. Ten years ago we entered the capital markets with the founding shared responsibility and shared benefits. team: the frontline workers who staffed project sites over the Spring

aspiration of making the environment better. Over the decade that fol- In Indonesia the Company is not only exporting environmental pro- Festival; the Indonesia-based team that achieved the on-site imple-

lowed we honoured our commitments to our shareholders to society and tection equipment and technology but also constructing and op- mentation of oxygen-enriched side-blown smelting technology; the

to the times — with 26 million tonnes of carbon emission reductions 25.8 erating a nickel metal smelting project locally creating substantial technical staff who completed the ULE retrofitting works; and the

billion kWh of green power generated and 56 clean facilities in operation. employment opportunities and enabling the tangible benefits of engineers who commissioned the AI-powered crane robots. I am

also moved by the environmental volunteer teams the investors

In 2025 we demonstrated that environmental protection and economic Weiming's development to reach overseas communities — demon-

strating our commitment to the Belt and Road Initiative (BRI). who offered constructive feedback and the candid assessments performance can advance in concert and that Weiming strengthened over from ESG rating agencies. Genuine sustainability is not the sole pur-

ten years can go further and stand firmer. (III) Governance Dimension: Transparency and Efficiency as the suit of any single enterprise but a collective endeavour to which all

In waste-to-energy the Fujin Longnan and Zhijiang projects began formal Foundation of Trust stakeholders contribute.operations while the Kunshan project entered trial operation with two fur- Good governance means earning the full confidence of all stake- Outlook: Priorities and Commitments for 2026

Acknowledgement: To All Who Have Supported Weim- naces and two generators. The Company and subsidiaries generated 4.623 holders. The most enduring lesson of our ten years as a listed com-

ing's Green Journey billion kWh cumulatively cutting CO emissions by approximately 4.61 mil- pany is this: the trust of the capital market is the most valuable asset

From this new starting point Weiming Environment Protection will

2

lion tonnes versus coal-fired power. an enterprise can hold. focus on three directions.On behalf of the Board of Directors and all employees

of Zhejiang Weiming Environment Protection Co. Ltd. I am particularly proud of three innovations: the Linjiang Project's mobile The Company has further developed the three-tier architecture

Intensifying Green Emission Reduction Efforts: The Company will

expand photovoltaic (PV) coverage across production bases con-

I extend my sincerest gratitude to all those who have steam supply delivering steam 30 km to industrial users—our first such comprising the Strategy and ESG Committee of the Board of Direc-

long supported the Company's development. project in Zhejiang supplying nearly 20000 tonnes annually; the Yongqiang tors the Committee Office and the Business Working Groups con-

tinue to advance ULE retrofitting and reduce operational energy

Project's slag utilization line turning waste into resource; and the Dongyang vening multiple ESG-focused meetings throughout the year. The consumption aiming for further reductions in carbon emission in-

As one year gives way to the next we press forward Project's ultra-low emission transformation setting new standards. These Company completed the integrated project information system tensity. The Company will also deepen revenue-generating models

with sustained focus. Looking back on 2025 the peo- reflect a decade of technological buildup. platform achieving integration with the OA and financial systems such as REC sales and steam supply making green benefits meas-

ple of Weiming advanced steadily on the path of green and explored the deployment of enterprise AI models. Over the past urable tradeable and sustainable.development. This year also marked a milestone: the Green certificate sales surpassed 730000 units generating approximately

tenth anniversary of Weiming Environment Protection's RMB 2.8 million. This diversifies revenue and demonstrates clean energy

ten years the Company has maintained a clean record with zero Deepening Social Responsibility: The Company will implement the

value. Every certificate issued for projects from Kunshan to Shuangyashan regulatory penalties in respect of information disclosure. employee partnership programme at project companies; deepen listing — ten years since 2015 ten years on the capital

markets and a lifelong commitment to environmental and Longnan to Luodian quantifies environmental benefits. Over the dec- On the research and development front the AI-powered crane ro-

the BRI footprint by delivering more overseas environmental gov-

protection. As we enter 2026 we will continue to raise ade we have evolved from a waste disposer into a clean energy supplier bot developed by the Equipment Group completed commissioning

ernance projects; and continue investing in the"Top 100 Talent Pro-

our standards and expand our ambitions moving for- and carbon asset operator. for fully automated operation and is expected to reduce manual

gram"to build a high-calibre talent pipeline.ward together to open the next green decade. At the close of 2025 the Company was included in PT Danantara Invest- operations by more than 50%. The "Black Box"monitoring system Optimising the Governance Framework: The Company will estab-

ment Management's approved supplier list for environmentally friendly now covers nearly 20 power generation facilities in Zhejiang Prov- lish an ESG digital management platform for full-chain carbon foot-

WtE projects supporting future expansion in Indonesia and marking We- ince. The 750 t/d grate-type incinerator was selected as a Zhejiang print tracking integrate biodiversity protection into investment de-

iming's shift from a domestic focus to a global presence. Province first-of-its-kind equipment. The Equipment Group was cision-making and advance the in-depth application of AI models

recognised as a "Specialized Sophisticated Distinctive and Novel" in corporate management and operations.(II) Social Dimension: A People-First Approach to Shared Development (SSDN) "Little Giant" enterprise by the Ministry of Industry and In- When news of the Indonesia Jiaman project's commissioning

I have always believed that the highest purpose of an enterprise is to devel- formation Technology. crossed the equator; when letters of thanks from students arrived

op the full potential of its people. Over the ten years since listing we have In 2025 Weiming Shengqing obtained National High-Tech Enter- from remote communities; when investors say "choosing Weiming

built a business — and built people. prise certification secured three major international system cer- is choosing the future" — I am more convinced than ever that the

In 2025 the Company invested RMB 5.25 million in charitable activities and tifications and signed a three-year cooperation agreement with green and low-carbon cause is both a bridge to shared human well-

rural revitalisation programmes having pursued poverty alleviation and Guangdong Brunp Recycling Technology Co. Ltd. The two produc- being and central to Weiming's purpose.rural revitalisation for decades. Long before its listing social responsibility tion lines of the Indonesia Jiaman Matte Nickel Project were com- Ten years on the capital markets a lifelong commitment to envi-

had already been embedded in the Company's culture and values. missioned and the Company was honoured to receive an audience ronmental protection. In 2026 let us continue this journey together

Xiang Guangming with Indonesian President Prabowo Subianto.In talent development the "Top 100 Talent Program" continued to attract — advancing on the path of green development with greater con-

Chairman of the Board graduates from China's leading universities with the proportion of employ- Gratitude: Our Partners in Sustainable Development viction and depth committed to building an enduring foundation

Zhejiang Weiming Environment Protection Co. Ltd. ees holding master's degrees or above rising steadily. Three large-scale This year's results belong in equal measure to each of you. for the future.April 2026 training programmes were conducted during the year and the retentionWEIMING

8 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report About Weiming Environment Protection 9

About Weiming Environment Protection 2025 Sustainability Performance

Zhejiang Weiming Environment Protection Co. Ltd.:

Protecting the Environment and Advancing Smart Manufacturing for a Green Future 2025 ESG Honours and Recognition of Weiming Environment Protection

Zhejiang Weiming Environment Protection Co. Ltd. is one of China's leading low-carbon environmental services providers. The No. Honour Issuing Body

Company was listed on the Shanghai Stock Exchange (SSE) in 2015 and has since been included as a constituent of the SSE Corporate Honours

380 Index and as a stock eligible under the Shanghai-Hong Kong Stock Connect programme. It has also been included in the China Energy News; China Energy Economy Re-

1 Top 500 Global New Energy Companies 2025 (Ranked 289th)

MSCI China A-Share Index the S&P Dow Jones Indices A-Share List and the FTSE Russell A-Share List. The Company's principal search Institute

business activities encompass environmental governance equipment manufacturing R&D and manufacture of new energy 2 Top 500 Private Enterprises by Invention Patents 2025 (Ranked 284th) All-China Federation of Industry and Commerce

materials forming a three-segment business structure in which the Environmental Governance Equipment Manufacturing and 3 Leading Enterprise in Zhejiang Province's Service Industry Zhejiang Provincial Government

New Energy Materials segments operate in a coordinated and mutually reinforcing manner. 4 Zhejiang Province RCEP Innovative Practice Case Zhejiang Provincial Department of Commerce

Outstanding Investor Returns Practice Case in Zhejiang Listed

The Environmental Governance segment managed by the Environment Protection Group centers on WTE incineration for 5 Zhejiang Listed Companies AssociationCompanies for 2024 (Awarded in 2025)

power generation across 17 provinces in China covering the full industry chain of investment construction and operation of

Capital Market Honours

waste treatment facilities alongside co-treatment services for food waste sludge and agricultural and forestry waste as well as

1 27th Listed Company Golden Bull Award – Most Investable Company China Securities Journal

waste collection transportation and leachate treatment. The Equipment Manufacturing segment managed by the Equipment

2 2025 SSE Eagle Gold Quality Award – Sustained Growth Award Shanghai Securities News

Group conducts R&D and manufacture of environmental protection and new energy equipment providing comprehensive

20th Board of Directors Golden Roundtable Award – Special Contribution

equipment contracting and EPC services through independently developed core complete waste treatment equipment and 3 Board of Directors Magazine

to Corporate Governance

nickel metal processing equipment.

4 3rd ESG New Benchmark Enterprise Award Securities Star

The New Energy Materials segment managed by the New Energy Group focuses on ternary cathode battery materials including 2024 Listed Company CFO Jiefu Award – Outstanding Financial 5 Caishi China

Management Award (Awarded in 2025)

matte nickel electrolytic nickel battery precursor materials and ternary cathode materials. The Company is constructing a

6 16th Listed Company Investor Relations Management Tianma Award Securities Times

130000-tonne matte nickel project in Indonesia and a 200000-tonne lithium battery new materials project in China establishing

2025 CGMA Global Management Accounting Annual Finance

an integrated operating system that links upstream and downstream activities and creates synergies with the other two 7 CGMA (Chartered Global Management Accountant)

Leadership Award

segments to form a dual-engine development model of "environmental protection + new energy." Moving forward the Company

8 ESG Impact Investing Best Practice Top 10 Xiang Guang Award

will continue consolidating its environmental protection projects high-end equipment manufacturing and new energy

materials business to become an internationally advanced and domestically leading comprehensive low-carbon environmental Technology Innovation and Qualification Honours

National "Specialized Sophisticated Distinctive and Novel" (SSDN) Ministry of Industry and Information Technology of

services provider. 1

"Little Giant" Enterprise China

Corporate Mission Corporate Vision 2 Zhejiang Province Enterprise Technology Centre Zhejiang Provincial Government

To create a clean healthy and sustainable living To continuously provide society with first-class low-carbon

Chairman recognised as "Outstanding Builder of the Cause of Socialism

environment for humanity. environmental technologies products and services. 3 Zhejiang Provincial Government

with Chinese Characteristics in the New Era in Zhejiang Province 2025"

750 t/d grate-type incinerator selected as Zhejiang Province first-of-its-

4 Zhejiang Provincial Government

Corporate Values kind equipment

Integrity: To maintain integrity at all times with clients superiors and colleagues. Honesty and trustworthiness are the foundation of conduct.

5 Nearly 80 new Chinese patents and software copyrights were added China National Intellectual Property Administration

Dedication:To commit wholeheartedly to one's work sustain that commitment over time and grow into an expert in one's field.Innovation:To continually generate new ideas continuously improve work processes and uphold innovation as fundamental to ongoing 6 Two US invention patents United States Patent and Trademark Office

development. National Leading Group for the Administration of

7 16 additional subsidiaries recognised as National High-Tech Enterprises

Advancement:To face and overcome difficulties with a positive and optimistic attitude act in solidarity and support one another. High-Tech Enterprise CertificationWEIMING

10 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report About Weiming Environment Protection 11

International Recognition and Honours Operational * Environmental Governance Business:

Performance

No. Honour / Recognition Details 1. Waste-to-Energy Incineration

Included in the list of approved suppliers for In November 2025 the Company received formal notification from PT New projects commissioned: The Fujin Project Longnan Project and Zhijiang Project

1 environmentally friendly waste-to-energy Danantara Investment Management the sovereign investment fund of commenced formal operations.

projects in Indonesia Indonesia Operational scale: As at the end of the Reporting Period the Company held investment and

Audience with the Minister of Energy and controlling interests in 56 projects (including 1 under trial operation).

2 In September 2025 Minister Bahlil met with Chairman Xiang Guangming

Mineral Resources of Indonesia 2. Food Waste Treatment

Visit by the Minister of Investment and In August 2025 Minister Rosan Roeslani made a special visit to Weiming

3 New projects: Longnan Food Waste Project commenced formal operations while

Downstream Industries of Indonesia Environment Protection Yongqiang Kitchen Waste Project and Kunshan Kitchen Waste Project entered trial

Audience with Indonesian President In May 2025 Vice President Xiang Yihao attended a China-Indonesia busi- operation.

4

Prabowo Subianto ness dinner as a representative of the new generation of entrepreneurs Operational scale: As at the end of the Reporting Period the Company held investment and

controlling interests in 22 projects (including 2 under trial operation).ESG Rating Progress * Equipment Manufacturing Business

Order status: The total value of new orders for environmental protection and new materials

Rating Agency Rating Result equipment during the year was approximately RMB 4.6 billion.Wind ESG Rating AA Product R&D: Newly developed products included autoclave agitators double-kettle

Zhiding ESG Rating AA jig machines grinding mills diaphragm pump check valves crane robots intelligent

combustion control systems and the "Black Box" monitoring system.China Chengxin Green Finance ESG Rating A * New Energy Materials Business

SynTao Green Finance ESG Rating A The Indonesia Jiaman Company's 40000 metal-tonne-per-annum nickel matte project

CSI ESG Rating A is progressing well. Phase I comprising a 20000-tonne-per-annum production line

is steadily ramping up capacity generating operating revenue of RMB million

LSEG Refinitiv ESG Score B 529

during the year. Weiming Shengqing Company's Wenzhou lithium battery new materials

MSCI ESG Rating B project has achieved positive progress. For electrolytic nickel the Phase I 25000-tonne

production line has attained stable production while the Phase II 25000-tonne line is in

Sustainalytics Low Risk

the commissioning stage. For ternary precursor materials the Phase I 25000-tonne line

has produced qualified tonne-scale trial batches and the Phase II 25000-tonne line has

entered the commissioning stage.

2025 Highlights Environmental Performance * Green power supply: Approximately4.62 billion kWh substituting for fossil fuel-based

power generation and contributing to the decarbonization of the electricity grid.* Greenhouse gas emission reductions: Approximately

Annual Performance Highlights 4.61

million tonnes of CO2e in

greenhouse gas emissions avoided.* Waste treatment: Household waste received totalled 13.45 million tonnes.Financial * Revenue: RMB 6.24 billion * Wastewater treatment: Wastewater treated totalled 18.09 million tonnes.Performance

* Net profit attributable to shareholders of the listed company: RMB 2.21 billion

Social

* Basic earnings per share: RMB 1.31 per share Performance * Total number of employees: 4256

* Total assets: RMB 30.17 billion * Proportion of female directors: 18.18%

* R&D expenditure: RMB 130 million * Total employee training hours: 81131 hours

* Employee satisfaction rate: 96 %

* Investment in social welfare and rural revitalization:5.25 million RMBWEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

01

Advancing

Sustainability

Management

* Board of Directors Statement

* Stakeholder Engagement

* Materiality Assessment and ManagementWEIMING

14 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Advancing Sustainability Management 15

Board of Directors Statement

· ESG Target-Setting and Implementation ·

The Board of Directors and all directors solemnly declare that the content of this Report is true accurate and complete and With quantitative anchoring of ESG strategic targets at its core the Company has established a sustainability action framework

contains no false records misleading statements or material omissions. The Board of Directors further makes the following centred on key dimensions including climate change response enhancement of resource circularity protection of employee

statement regarding its ESG oversight and management responsibilities: rights and interests strengthening of supply chain resilience and optimisation of governance effectiveness. A dynamic

tracking mechanism is employed to regularly review progress towards target achievement.· ESG Management Policy and Strategy ·

On the one hand a data-driven approach is used to identify performance bottlenecks and risk exposures and iterative

The Board of Directors has integrated ESG governance into the Company's core decision-making framework establishing a

improvement plans are developed. On the other hand ESG risk management is integrated into the full process of operational

four-tier ESG governance structure comprising "Strategic Decision-Making – Oversight and Evaluation – Systems Management

decision-making establishing a preventive control framework encompassing risk identification assessment and mitigation.– Business Execution" and working in coordination with the Audit Committee the Remuneration and Appraisal Committee

and other governance oversight bodies to systematically reinforce the foundation for sustainable development. In parallel in accordance with international standards such as those of the Task Force on Climate-related Financial Disclosures

(TCFD) and the GRI Standards (Global Reporting Initiative Standards) as well as domestic regulatory requirements the

The Board of Directors as the highest responsible body for ESG governance is responsible for Company has established a standardised ESG information disclosure mechanism. By regularly publishing Environmental

overseeing the overall planning of the Company's sustainability strategy and bears ultimate Social and Governance (ESG) reports and providing quantitative benchmarking of performance therein the Company discloses

Strategic accountability for ESG performance. The Strategy and ESG Committee of the Board of Directors

Decision-Making its strategic priorities and plans practical outcomes and value creation rationale to stakeholders in a comprehensive manner

Tier (the "Strategy and ESG Committee") has been established under the Board with a focus on thereby continuously enhancing governance transparency and the credibility of its accountability.medium-to-long-term planning and the review of material issues providing strategic decision-

making support to the Board.Overall The Strategy and ESG Committee serves as the standing executive centre leading target

Management Tier decomposition risk management and full-process oversight and evaluation and ensuring the

effective transmission of the ESG strategy to the operational level.Business Through cross-departmental ESG-specific mechanisms strategic initiatives such as green

Execution Tier operations and sustainable supply chain management are implemented at the business level

forming a closed-loop governance model of "strategy – execution – feedback."

· ESG Risk Management ·

During the Reporting Period the Board of Directors conducted a systematic assessment of the materiality and priority of ESG

topics through dedicated interviews questionnaire surveys and multi-tier meetings with particular focus on evaluating core

topics that may affect the Company's financial performance business resilience and environmental and social value and

formulating strategic recommendations accordingly.Key ESG risks have been fully integrated into the Company's overall risk management framework. Through dynamic analysis

of the probability degree of impact and development trends of risks targeted risk response strategies are formulated.On this basis the Audit Committee of the Board of Directors continues to strengthen the oversight loop by reviewing risk

assessment reports monitoring compliance reviews and assessing the effectiveness of control and mitigation measures

ensuring that ESG governance objectives are closely aligned with business practice.WEIMING

16 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Advancing Sustainability Management 17

ESG Governance Framework

* Strategic Positioning Stakeholder Engagement

Weiming Environment Protection continues to advance the systematic development of its ESG framework using refined

management and high-standard information disclosure as key drivers to comprehensively enhance accountability and

transparency. The Company has established a coordinated development structure integrating the Environmental Governance Effective engagement with stakeholders is the critical foundation for Weiming Environment Protection's target management and the

Equipment Manufacturing and New Energy Materials segments. Through full life-cycle management the Company creation of shared value. The Company is committed to establishing open and diversified communication channels with all stakeholder

continuously optimises resource efficiency deepens low-carbon technology research and development and the closed loop groups conveying the Company's latest developments in a timely manner listening to and understanding stakeholder concerns and

of clean production and accelerates its transition towards an international green technology services provider with the aim of expectations and incorporating feedback into the Company's sustainability strategy and management mechanisms so as to ensure

becoming a benchmark enterprise for sustainable development in the industry. that the Company's development remains aligned with the interests of all parties.* Governance Framework Key Stakeholders Key Areas of Concern Primary Engagement Channels Response Measures

The Company has deeply integrated ESG principles into its overall strategic development establishing a robust and

professionally efficient ESG management system alongside a four-tier governance structure of "Strategic Decision-Making – * Establish sound and scientific decision-* General Meeting of Shareholders

making and oversight mechanisms

Oversight and Evaluation – Systems Management – Business Execution." Through a clear and transparent framework of rights * Corporate governance * Results briefings * Strengthen risk management

and responsibilities and comprehensive strategic implementation the Company is positioned to create long-term sustainable * Compliance risks * Investor exchange meetings

Shareholders and * Ensure proper information disclosure* Sustainable operations * Official website

development value. investors * Organise and participate in activities * SSE e-Interactive Platform Q&A

tailored to different types of shareholders

Board of Directors

* Customer service management

* Marketing training * Provide efficient reliable and responsive

* Green products

* Customer surveys services

* Product safety and quality

* Customer satisfaction surveys * Improve customer management processes

Strategy and ESG Remuneration and Customers * Customer privacy protection * After-sales service system * Develop a secure and reliable ecosystem

Committee Appraisal Committee Nomination Committee Audit Committee * Responsible marketing

* Safeguard employees' legal rights in

accordance with applicable laws

Responsible for making decisions on strategic targets strategic directions * Protection of employee rights * Employee training * Actively conduct training programmes of

Strategy and ESG Committee of the and key areas of work in the core domains of the Company's sustainable and interests * Trade union and Employee various types

Board of Directors * Employee development and development; for overseeing and guiding the implementation of ESG Representative Congress * Improve talent advancement and training

activities; and for ensuring that ESG governance is integrated into the Employees * Employee activities remuneration mechanisms* Employee care

Company's strategic development. * Occupational health surveillance * Strengthen occupational health and safety * Occupational health and safety

management

* Implement diversified employee benefits

Oversight RegularReporting * Operate in compliance with applicable

Responsible for formulating sustainability targets in alignment with laws and regulations

Strategy and ESG Committee Office the Company's development conditions based on the sustainability * Compliant operations * Information disclosure * Prevent major safety incidents

* Payment of taxes in accordance * Policy implementation * Raise local employment rates

strategy and for conducting regular reviews of those targets. Government and with law * Institutional inspections * Actively advance industry-based

Overall Day-to-Day regulatory bodies assistance for poverty alleviation and rural

Planning Reporting

revitalization

Composed of representatives from functional departments involved in * Employment provision * Community communication and exchange

sustainability-related work. Responsible for coordinating the execution and * Rural revitalization * Industry-based assistance

Sustainability Special activities

Working Group implementation of ESG-related activities and for advancing and monitoring

Social organisations * Social contribution * Volunteer services

* Public open-day activities

the achievement of the Company's targets across business units and and non-governmental * Charitable activities

bodies

functional systems through the sustainability management.Coordination * Supply chain security

and Execution / * Compliance and risk * Supplier conferences

Implementation and Day-to-Day * Conduct transparent procurement

Advancement Reporting management * Supplier training * Eliminate commercial bribery

* Anti-commercial bribery and * Industry exchanges

Responsible for implementing specific ESG-related activities Suppliers anti-corruption

in accordance with established management indicators and

Business Units and Functional Departments

mechanisms and for reporting regularly to the Sustainability * Actively communicate through official * Energy utilisation * Information disclosure

Special Working Group. platforms such as the Company website* Data security and customer * Establishment of communication

* Provide external communications

Media and the public privacy protection mechanisms materialsWEIMING

18 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Advancing Sustainability Management 19

Impact Materiality Only Both Financial and Impact Materiality

Materiality Assessment and Management 21

Weiming Environment Protection places great importance on the management of material topics treating it as the foundation

for identifying ESG risks and opportunities and for developing strategic plans. Each year the Company identifies and updates 16

1020

material ESG topics through questionnaire surveys and on-site interviews integrates them into operational management 11

and continuously strengthens related practices. In 2025 the Company conducted a comprehensive analysis of the materiality 14 21 3 12

of ESG topics in accordance with the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 – 24

2513

Sustainability Reporting (Trial) and its accompanying preparation guidelines and addressed each topic individually in this 49 27

6

Report.

523

15

29

Double Materiality Assessment Process 8

28

1817

7

Step 1: Background Analysis and Topic Identification

* The Company systematically mapped its business relationship landscape covering all upstream and downstream

segments of the value chain clarifying the types and nature of those business relationships. In parallel the 22

Company conducted an in-depth analysis of relevant laws and regulations regulatory policies media coverage 19

and industry peer benchmarking and comprehensively identified the groups of stakeholders affected. 26

Neither Financial nor Impact Materiality Financial Materiality Only

Step 2: Materiality Assessment of Topics

Financial Materiality

Step 2-1: Impact Materiality Assessment: Step 2-2: Financial Materiality Assessment:

* A dual assessment of the degree of impact of each * A team of internal experts from the Company's Topic Materiality Topic Materiality

topic is conducted from the perspective of both finance department assesses the financial Category Topic Name Characteristic Category Topic Name Characteristic

internal and external stakeholders. materiality of each topic across two dimensions 1 ★ Climate Change Response Double materiality 16 Supply Chain Security Impact materiality

subject to joint review and confirmation by

multiple departments. 2 ★ Pollutant Emissions Double materiality 17 Equal Treatment of SMEs Non-material (under double materiality)

3 ★ Energy Utilisation Double materiality

- Dimension 1: Assessment of Degree of Impact - Dimension 1: Degree of Financial Impact 18 Social Contribution Non-material (under double materiality)

Stakeholder questionnaire surveys are used to The impact of each topic on the Company's 4 ★ Environmental Compliance Management Double materiality

score the degree of impact of each topic. The current and projected financial position is 19 Rural Revitalization Non-material

scoring scale comprises six levels: No Impact assessed on a comprehensive basis and scored. 5 Treatment of Three Wastes Impact materiality

(under double materiality)

Minor Impact Moderate Impact Considerable The scoring scale comprises six levels: No Impact 6 Circular Economy Impact materiality 20 ★ Innovation-Driven Development Double materiality

Impact Significant Impact and Extreme Impact. Minor Impact Moderate Impact Considerable

7 Green Products Financial materiality

Impact Significant Impact and Extreme Impact. 21 Intellectual Property Protection Impact materiality

8 Water Resource Utilisation Non-material (under double materiality)

- Dimension 2: Assessment of Likelihood of Impact - Dimension 2: Likelihood of Financial Impact 22 Responsible Marketing Non-material (under double materiality)

Q u e st i o n n a i re s u r v e y s a re s i m i l a r l y u s e d to The probability of positive or negative financial 9 Biodiversity and Ecosystem Protection Impact materiality

assess the likelihood of the impact of each topic impacts arising from each topic is assessed and 23 Data Privacy and Protection Non-material (under double materiality)

occurring. The scoring scale comprises six levels: scored. The scoring scale similarly comprises six 10 ★ Employee Benefits and Rights Double materiality

None Very Low Low Moderate High and Very levels: None Very Low Low Moderate High and 24 ★ Corporate Governance Double materiality

High. Very High. 11 ★ Occupational Health and Safety Double materiality 25 ★ Compliance and Risk Management Double materiality

12 ★ Customer Service and Management Double materiality ★ Business Ethics and

Step 3: Assessment Analysis 26 Anti-Corruption Double materiality

13 ★ Product Safety and Quality Double materiality

27 Due Diligence Impact materiality

14 ★ Talent Development Double materiality

* Based on the assessment data from Step 2 the 2025 materiality topic matrix is constructed and the material topics 28 Anti-Unfair Competition Financial materiality

for the year and their relative priorities are determined. 15 Employment and Diversity Impact materiality

29 Stakeholder Engagement Non-material (under double materiality)

Impact Materiality

Social (S) Environmental (E)

Governance (G) Social (S)WEIMING

20 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Advancing Sustainability Management 21

Material Topic Value Chain Impacts Risks Risk Opportunities

Step 4 Horizon

Social

* In respect of topics with financial materiality the Company conducts an in-depth review of stakeholder demands and

▲ Actual positive impacts: The Company optimises

expectations regarding those topics comprehensively identifies the impacts risks and opportunities associated with communication with government regulators project

communities and the public enhancing disclosure transparency

each topic and summarises the findings across the various topics. and response efficiency. Through stable compliant operations

public access to environmental facilities and environmental Social risk: NIMBY effects causing project

education it builds sound government–company relations obstruction. * Opening environmental

Customer Direct operations and community trust supporting a harmonious operating facilities to the publicCompliance risk: Penalties for delayed Short-term

Service and environment.Risk information disclosure. Long-term

* Development of

Material Topic Value Chain Impacts Risks Opportunities Management Downstream Horizon environmental education ▼ Potential negative impacts: tial negative impacts: Failure Reputational risk: Dissemination of negative bases

to address residents’ environmental concerns disclose

Environmental public opinion.information or manage NIMBY effects may escalate community

opposition collective incidents or administrative litigation

▲ Actual positive impacts: By substituting landfill with WtE Policy risk: Tightening controls on carbon affecting project approvals social licence to operate and brand

incineration the Company reduces methane emissions; emission intensity and carbon allowance reputation.through waste heat utilisation for heating and the contraction. * Carbon assets development

Climate

Direct operations development of carbon assets low-carbon economic benefits

revenue

Medium-term ▲ Actual positive impacts: The Company integrates intelligent

Change

Downstream are created.Transition risk: Asset stranding arising from * Green power premium

Long-term operations and maintenance with full life-cycle environmental

Response technology pathway iteration. * Export of low-carbon

▼ Potential negative impacts: Inaccurate carbon accounting risk management to enhance pollution control. Through technology

or poor carbon assets management may result in increased Market risk: Carbon price volatility affecting compliant emissions and stable operations it meets regulatory Operational risk: Unplanned shutdowns. Upstream * Smart environmental

compliance costs or credit risk in the carbon market. revenue. requirements and community expectations safeguarding public

Product Safety environmental rights. Quality risk: Falsification of emissions data. Short-term platformOwn operations

and Quality Long-term * Third-party governance

▲ Actual positive impacts: The application of the advanced

Downstream ▼ Potential negative impacts: Deficiencies in environmental

Compliance risk: Automatic monitoring

market

process of "SNCR + semi-dry acid gas removal + dry acid gas Compliance risk: Pressure from tightening facility management or emissions control may cause pollution data exceeding permitted limits.removal + activated carbon injection (ACI) + fabric filter" emission standards requiring retrofitting. incidents or work safety accidents harming residents’ health

achieves ultra-low emissions; the bottom ash resource * Technical leadership

Pollutant Direct operations

and the ecological environment and affecting the Company’s

recovery rate reaches 100%. Operational risk: Equipment failure leading to Short-term advantage public image and sustainability.Emissions Downstream non-compliant emissions. Long-term * Expansion of co-processing

▼ Potential negative impacts: Failure or non-compliant of hazardous waste business ▲ Actual positive impacts: The Company has established

emissions from flue gas treatment facilities may trigger Reputational risk: Negative environmental Talent succession risk: Retirement of core Weiming Academy to develop technical talent in grate-type

environmental incidents administrative penalties and public opinion. technical personnel. Upstream incinerator technology and flue gas treatment and co-built * Post-doctoral research

suspension of operations for rectification. Talent

Own operations university internship bases to reserve professionals.Competitive risk: Poaching of talent by Medium-term workstation

Development industry peers. Long-term * Participation in setting

▲ Actual positive impacts: Power generation per tonne of waste Downstream ▼ Potential negative impacts: Insufficient high-end technical industry talent standards

processed has been raised to above 400 kWh/t with the auxiliary Efficiency risk: Ageing equipment leading to talent reserves or an inadequate training system may constrain Capability risk: Insufficient adaptability to

power consumption rate maintained below 15%; combined heat increased energy consumption. technical innovation and project expansion. new technologies.Energy and power (CHP) projects have been developed with an overall

* Smart (WtE) plant retrofitting

Policy risk: Phase-down of renewable energy

Direct operations

Utilisation energy efficiency rate exceeding 80%.Medium-term * Comprehensive energy Technical risk: Excessively rapid iteration of subsidies.services ▲ Actual positive impacts: Sustained R&D investment has technology pathways creating the risk that

▼ Potential negative impacts: Low energy utilisation efficiency Technical risk: Bottlenecks in waste heat secured proprietary grate-type incinerator technology and existing solutions may become obsolete or

may result in higher unit disposal costs and increased carbon recovery technology. Upstream developed co-treatment technologies for food waste sludge and ineffective.emission intensity weakening market competitiveness. Innovation- Medium-term * Technology licensing revenue

Driven Own operations hazardous waste extending the industry chain. Research and development risk: Failure to

Long-term

Development convert research outcomes into commercial * Overseas market expansion

Downstream ▼ Potential negative impacts: Delayed technological innovation

▲ Actual positive impacts: The ISO 14001 Environmental or insufficient R&D may erode technological leadership and lead

applications.Management System has been established achieving full- to substitution by competitors.* Concessional environmental Talent risk: Loss of research and development

process compliance across Environmental Impact Assessment Compliance risk: Delays in tracking updates

credit loans team members.Upstream (EIA) pollutant discharge permits and environmental

to environmental regulations.Environmental acceptance inspections; the environmental credit rating has * Acquisition of Ecology-Management risk: Inadequate oversight of Short-term Governance

Compliance Own operations been maintained at the integrity level. Oriented Development (EOD) subsidiaries and branches. Long-term

Management model projects

Downstream ▼ Potential negative impacts: Incomplete environmental ▲ Actual positive impacts: A standardised "three-meeting Financing risk: Downgrade of environmental * Construction of in-house fly

compliance procedures or missing management records may one-tier" governance structure has been established with credit rating. ash disposal centres independent directors comprising over one-third of the Board; Governance risk: Appropriation of funds by a result in administrative penalties project approval restrictions controlling shareholder.and financing constraints. information disclosure practices and market capitalization Corporate

Own operations management have demonstrated material effectiveness.Short-term * Enhancement of ESG rating

Compliance risk: Violations in information

Governance Long-term

▼ Potential negative impacts: Unfair pricing of related-party disclosure.* Issuance of green bonds

Social transactions or violations in information disclosure may result ESG risk: Downgrade of ESG rating.in regulatory penalties investor litigation and loss of market

▲ Actual positive impacts: Competitive industry remuneration capitalization.is provided; the mandatory social insurance and housing

provident fund (the "Five Social Insurances and One Fund") and Talent risk: Loss of personnel in key technical ▲ Actual positive impacts: A full-process compliance

supplementary commercial insurance are fully administered; positions. management system covering environmental protection work Environmental risk: New regulations resulting

Employee Own operations occupational health records are established and regular * Share incentive scheme safety taxation and contracts has been established; digital Compliance risk: Compliance with regulations Short-term in increased compliance costs.Benefits and Upstreamoccupational health examinations are organised. tools are employed to achieve risk early warning and dynamic

Downstream governing the use of labour dispatch workers. Medium-term

* Digitalisation of compliance

Rights * Skills grading certification

Compliance

Tax risk: Dependence on tax preferential Short-term

and Risk Own operations monitoring. management

▼ Potential negative impacts: Remuneration and benefits below Safety risk: Gaps in occupational health treatment. Medium-termManagement

industry standards or inadequate labour protection may result ▼ Potential negative impacts: Inadequate compliance review * Risk consulting servicesmanagement. Downstream

in the loss of key technical personnel recruitment difficulties or failure of risk early warning mechanisms may result in Contractual risk: Amendments to concession

and labour disputes. administrative penalties contractual disputes and material agreements.economic losses.▲ Actual positive impacts: A first-class work safety ▲ Actual positive impacts: A clean business conduct system

standardisation system has been established with advanced Operational risk: Management of hazardous * Intelligent safety supervision has been established and supplier integrity commitments Criminal risk: Legal liability for bribery and

occupational hazard protection facilities in place; zero serious operation activities. system have been implemented; a reporting hotline and protection corruption offences. Upstream

Occupational Own operations injuries and above have been achieved. mechanisms have been established fostering a culture of

* Integrity-driven supply chain

Equipment risk: Safety of boilers and pressure * Work safety culture

Health and Short-term Anti- integrity within the enterprise. Operational risk: Invalidity of project Short-term brandOwn operations

Safety Downstream ▼ Potential negative impacts: Inadequate management of

vessels. demonstration Corruption contracts. Long-term * Access to government clean

confined space operations or high-temperature high-pressure * Full life-cycle equipment Downstream ▼ Potential negative impacts: Commercial bribery occurring Emergency risk: Response to sudden procurement programmes

(HTHP) equipment may lead to casualties and suspension of management in project approval equipment procurement or construction Reputational risk: Damage to commercial environmental incidents.operations for rectification. contracting activities may result in criminal liability project credibility.cancellation and market exclusion.WEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

02

Strengthening

Corporate

Governance

★ Corporate Governance

★ Internal Control and Risk Management

★ Business Ethics and Anti-CorruptionWEIMING

24 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 25

★ Corporate Governance

Governance * General Meeting of Shareholders

The General Meeting of Shareholders is the Company's supreme authority exercising powers in accordance with applicable

Weiming Environment Protection strictly complies with domestic and international regulatory requirements including the

laws including the power to determine business policies and investment plans and to elect and replace directors and

Company Law of the People's Republic of China the Securities Law of the People's Republic of China the Code of Corporate

supervisors. The General Meeting of Shareholders is also responsible for reviewing and approving the reports of the Board

Governance for Listed Companies and the Shanghai Stock Exchange Listing Rules. The Company has systematically

of Directors and the Supervisory Board ensuring the transparency and compliance of corporate governance.formulated its Articles of Association and accompanying internal control policies and continuously improved its corporate

governance structure and internal management framework. A "two-meeting one-tier" governance structure comprising the

General Meeting of Shareholders the Board of Directors and senior management has been established with clearly defined * Board of Directors

boundaries of responsibility and delegation of authority for decision-making execution and oversight at each level. This

structure establishes a governance mechanism characterised by sound division of responsibilities and effective checks and During the Reporting Period the Company's directors diligently performed their duties in compliance with applicable laws and

balances ensuring that the Company's governance meets the regulatory standards applicable to listed companies both regulations keeping abreast of operations through Board meetings and management briefings. The Board accountable to the

domestically and internationally. General Meeting oversees four specialised committees—Audit Nomination Remuneration and Appraisal and Strategy and

ESG—which convene regularly to fulfil their advisory and oversight functions.· Corporate Governance Structure Diagram · The Board was expanded from 9 to 11 members with the addition of one employee representative director and one

independent director. The Company also abolished the Supervisory Board transferring its powers to the Board's Audit

Committee.Zhejiang Weiming Environment Protection Co. Ltd.The Company revised multiple internal governance policies covering Board and committee procedures independent director

General Meeting of Shareholders systems shareholding management external guarantees and investments related-party transactions financial derivatives

proceeds management insider information investor relations and information disclosure to standardise capital market

Board of Directors operations and strengthen risk management.Secretary of the Board of Directors The Company also disclosed its Three-Year (2025–2027) Shareholder Dividend Return Plan demonstrating its commitment to

rewarding shareholders.President's Office Technical committee During the reporting period

2151240

Company Departments Environment Protection Group Equipment Group New Energy Group

General Meeting of Resolutions Considered Board of Directors Resolutions Considered

Shareholders

Strategy

Corporate governance is the foundation for the Company's sound and stable development. Weiming Environment Protection

has a robust governance structure with clearly defined functional responsibilities for the Board of Directors and strengthened

decision-making and oversight mechanisms ensuring that the Company's operations comply with applicable laws and

regulations while responding to the expectations of shareholders and other stakeholders. The Company has implemented

a range of governance strategies enhancing its governance standards across multiple dimensions including information

disclosure protection of investor rights and interests regulation of related-party transactions and Board diversity.Office of the Nomination Remuneration

and Appraisal Committee Remuneration and Appraisal

Committee

Office of the Strategy and ESG Committee

Nomination Committee

Office of the Investment Committee

Strategy and ESG Committee

Office of the Audit Committee

Audit Committee

Internal Audit Department

Office

Human Resources and Public Relations

Department

Planning and Finance Department

Securities and Legal Affairs Department

Planning and Information Department

Investment Department

Marketing Department

Subsidiaries of the Environment

Protection Group

Subsidiaries of the Equipment Group

Subsidiaries of the New Energy GroupWEIMING

26 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 27

Management of Impacts Risks and Opportunities During the reporting period

* Information Disclosure

The Company attaches great importance to information disclosure and transparency strictly complies with applicable

laws regulations and regulatory requirements and continuously improves its Articles of Association and Investor Relations 11 board of directors（including 1 employee representative director） with a balanced composition:

Management System to provide clear guidance for compliant effective disclosure and investor relations and clear and

accessible communication and information channels for shareholders and prospective investors. It regards lawful and

compliant disclosure as the cornerstone of regulated operations and investor communication and in accordance with laws 4 36.36% 2 18.18.%

and regulations including the Regulations on Information Disclosure of Listed Companies has established systems including

the Information Disclosure Management System and the Insider Information Registration and Filing Administration System to Independent Ratio Female Directors RatioDirectors

define disclosure principles and requirements optimise approval processes and ensure truthful accurate complete timely

and fair disclosure.professional backgrounds spanning environmental science

* Protection of Investor Rights and Interests business administration financial accounting law and

The Company attaches great importance to investor relations management and strictly implements its Articles of Association 35-65 members ranging in age administrative management.safeguarding shareholders' rights to participate in decision-making and receive returns. It upholds a long-term return

philosophy adheres to its profit distribution policy and maintains sustained cash dividends enabling investors to share in No. Name Position Area of Expertise Committee Membership

development outcomes. Over the past three years cumulative cash dividends totalled RMB 1.493 billion ranking among the

highest in the industry by absolute dividend value. 1 Xiang Guangming Chairman of the Board and

Environmental industry management

President Solid waste treatment Strategy and ESG Committee (Chairperson)Corporate operations

To communicate its advanced management philosophy development achievements and strategic direction the Company 2 Zhu Shanyin Vice Chairman of the Board Environmental engineering management-light industry machinery Audit Committeeengages investors through multiple channels including online and in-person institutional investor research visits telephone

conferences and online results briefings after periodic reports investor strategy conferences organised by securities firms and Environmental technology research and de-3 Chen Ge Director and Vice President velopment Strategy and ESG Committee

the SSE e-Interactive Platform hotlines and email for retail investor enquiries. It also engages major shareholders prospective Solid waste treatment engineering

investors and retail investors to build stable relationships and strengthen investor relations management. 4 Zhu Shanyu Director Materials managementEquipment procurement

* Regulation of Related-Party Transactions 5 Xiang Pengyu Director and Vice President

Water utility management

New materials investment

The Company has formulated a Related-Party Transaction Decision-Making System which sets out in detail the scope of 6 Xiang Yihao Director and Vice President Capital operationsInvestment management Remuneration and Appraisal Committee

related-party transactions review procedures information disclosure requirements and recusal arrangements ensuring that

7 Li Yuyan Employee Representative Administrative managementtransactions between the Company and its related parties comply with the principles of fairness impartiality and openness. Director Human resources and public relations

In 2025 all related-party transactions were processed strictly through the required decision-making and approval procedures 8 Yu Mingyang Independent Director Business administrationCorporate strategy and brand management

in accordance with applicable laws regulations and internal policies and were disclosed accurately and in a timely manner.No instances occurred in which related-party transactions were used to the detriment of the Company's interests or those of Nomination Committee; Remuneration

its minority shareholders. 9 Li Guangming Independent Director Environmental science and engineering and Appraisal Committee (Chairperson) Strategy and ESG Committee

Audit Committee (Chairperson)

Metrics and Targets 10 Li Mochou Independent Director Financial accounting and auditing Remuneration and Appraisal Committee

Law Nomination Committee (Chairperson)

The Company recognises the critical importance of Board diversity in achieving its strategic objectives and sustainable 11 Zhang Jiansheng Independent Director Corporate governance Audit Committee

development goals and is committed to building a diverse Board composition with appropriate consideration and balance

across multiple dimensions. * Board Diversity Policy Targets

* Board Diversity and Independence Dimension Current Status Target

The Company places great importance on the independence and diversity of the Board of Directors and has formally adopted

a Board diversity policy with the Nomination Committee reviewing progress against targets on an annual basis. Director Gender diversity Female directors represent 18.18% of the Board

Maintain the proportion of female

directors on a sustained basis

selection takes into account multiple factors including gender age educational background professional experience and Encompassing environmental science business

skills ensuring a well-balanced and sound Board composition. Professional background administration financial accounting law and

Continuously optimise the professional

administrative management composition

The Company continuously improves its governance framework and through systematic training and optimisation of the Age profile Members ranging from their mid-30s to their mid-60s Maintain a rational age distribution

committee structure continues to enhance directors' capacity to fulfil their duties and the quality of decision-making. Maintain the proportion of independent

Independence Independent directors represent 36.36% of the Board directors at above one-third on a

sustained basisWEIMING

28 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 29

* Directors' and Senior Management's Remuneration and Appraisal

Remuneration and Appraisal Management · R i s k G o v e r n a n c e F r a m e w o r k : " T h r e e L i n e s o f D e f e n s e " ·

Weiming Environment Protection has established a remuneration and appraisal management

system for directors and senior management incorporating ESG indicators — including quality and

efficiency strategy execution innovation-driven development professional management work

safety energy conservation and environmental protection and compliance — into the performance 01 02 03

appraisal framework with performance-based remuneration linked to appraisal outcomes.First Line of Defense Second Line of Defense Second Line of Defense

In 2025 building on existing energy conservation and environmental protection indicators the

Company reclassified work safety from a constraint-based indicator to a weighted appraisal indicator

assessed across process management and outcome effectiveness to reinforce accountability. Business Departments Risk Management Department Internal Audit Department

Remuneration and Appraisal Review * Business department * A risk management function * The internal audit department

The Remuneration and Appraisal Committee of the Board of Directors of Weiming Environment managers are the direct has been established at the is responsible for providing

bearers and managers of senior management level independent and objective

Protection is responsible for making recommendations to the Board regarding remuneration plans risk. They are responsible for responsible for setting risk review and assessment of

or schemes for directors supervisors and other members of senior management as well as related identifying key risks within management standards and the effectiveness of material

appraisal matters. In formulating remuneration proposals the Committee takes comprehensive their respective areas of for monitoring and guiding risk management and

account of factors including the Company's strategic development objectives remuneration levels responsibility reporting risk the first line of defense in internal control activities. The

within the industry and the performance of directors and senior management in discharging their changes in a timely manner its implementation of those internal audit department

duties so as to ensure that remuneration arrangements are equitable internally and competitive and conducting reasonable standards. reports directly to the Board

assessments and controls of of Directors ensuring the

externally. relevant risks. objectivity authority and

credibility of internal audit

Senior Management Remuneration Management findings.Certain provisions of the Company's remuneration and incentive arrangements for senior

management specify that senior management remuneration comprises a base annual salary

performance bonus and tenure-based incentive reflecting the principle of combining short-term

and long-term incentive elements.The Company has established a risk management organisational structure encompassing processes for risk identification

For members who violate laws or regulations fail to discharge duties diligently cause asset losses or

assessment and monitoring as well as a risk register and response strategies. Risk management is categorised into two broad

are responsible for material work safety or environmental incidents the Company will reduce or claw

types — conventional risks and emerging risks — covering the identification and response to impacts and risks relating to the

back performance-based annual salary and tenure-based incentive payments already disbursed. This

Company's sustainable development.mechanism applies equally to those who have resigned or retired.Strategy

★ Internal Control and Risk Management A sound risk management framework and an effective internal control system are critical foundations for ensuring the

Governance Company's sustainable development and enhancing its market competitiveness. Drawing on its comprehensive risk governance framework the Company has established systematic mechanisms for risk identification assessment and

Weiming Environment Protection places great importance on the effective operation of its risk management and internal monitoring. With a forward-looking management approach risk management and internal controls are embedded into

control systems. The Company has established an Internal Audit System and continuously explores and refines a risk business decision-making and operational processes ensuring stable growth and the creation of long-term value in a complex

management framework aligned with its operational objectives providing a robust foundation for the Company's high-quality operating environment.development.The Board of Directors as the highest governance body for risk management is responsible for setting the Company's overall

risk management objectives and overseeing the implementation of risk governance and internal controls. Within the Board's Management of Impacts Risks and Opportunities

governance framework the Company has established a sound risk management organisational structure and has successfully

built a systematic "three lines of defense" for risk management effectively implementing coordinated management and The Company manages risks through a closed-loop process encompassing risk identification risk assessment risk response

management-at-source mechanisms to ensure the efficient operation of the risk management framework and to underpin the and risk monitoring and periodically reassesses risks and reviews response strategies to promote the Company's sustainable

Company's steady development. development.WEIMING

30 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 31

2 * Internal Control System

Risk Identif ication Dimensions In accordance with the Basic Standard for Enterprise Internal Control and its accompanying guidelines the Company has

established a comprehensive internal control management system and has formulated supporting policies and procedures

Integrated analysis is conducted across

areas including the macroeconomic to further standardise internal control standards and processes ensuring that all aspects of the Company's operations are

environment laws and regulations and governed by clear rules and conducted in an orderly and compliant manner.policies market conditions technological

innovation financial position human · Key Areas of Focus in Internal Control System Development: ·1

resources configuration management During the Reporting Period the Company focused on deepening internal control management in the following areas:

Risk Identification Methods measures and information reporting.Approaches including research 3 Specific Content Details

inter views structured analysis Risk Classification Management Framework The internal control system was improved in accordance with relevant standards; multiple policies

c h e c k l i s t r e v i e w s s c e n a r i o Internal Control System Development were formulated to clarify internal control standards and processes ensuring orderly and compliant

analysis sensitivity analysis expert Potential risks are identified across strategic market operations.consultation and policy analysis are operational financial and legal dimensions. The Articles of Association were improved and certain corporate governance policies were revised Improvement of Governance Policies

applied. and formulated ensuring a sound governance structure and transparent regulated operations.Internal control culture development was actively advanced; a sound internal control environment

Internal Control Culture Development was fostered through a range of measures providing strong support for the Company's sustainable

development.Targeted governance initiatives were conducted in key areas; management effectiveness was en-

Targeted Governance Initiatives

4 hanced and operational risks were reduced through process optimisation and other measures.

Basis for Risk Assessment

* Internal Audit and Oversight

R i s k s a r e a s s e s s e d b a s e d o n t h e i r

probability of occurrence degree of impact The Audit Committee of the Board of Directors is responsible for overseeing the development and implementation of internal

and controllability taking into account the control-related policies and procedures and for reporting regularly to the Board of Directors on the progress of internal audit

Company's risk management philosophy work and on material issues identified. The Audit Committee comprises 3 directors two-thirds of whom are independent

and risk tolerance. directors. During the Reporting Period the Company organised and implemented a series of internal audit training

programmes covering the specific responsibilities of the internal audit department effective whistleblowing and oversight

5 mechanisms and the identification and prevention of various types of violations that may be encountered in operations so as

to strengthen the professional capabilities and operational standards of the internal audit department.Risk Assessment Methods

Qualitative analysis quantitative analysis and 7 * Tax Transparency

combined analysis.Risk Response Measures The Company strictly complies with applicable national and local tax laws and regulations pays all taxes — including

corporate income tax and value-added tax — in full and on time and is committed to tax compliance providing complete

For material risk events risk response plans are

formulated and implemented incorporating emergency disclosure of relevant information to tax authorities when required. The Company prohibits tax evasion. Under the supervision

response recovery response remedial response and of the finance department and the Audit Committee the tax team manages tax costs and risks effectively. In addition the

6 preventive response measures. Company actively applies for government-authorised tax incentive programmes to support research and development

activities and provides detailed reporting in its reports on the Company's tax obligations and tax incentives enjoyed ensuring

Risk Control Strategies tax transparency.Four risk control strategies have been

established: risk avoidance risk transfer

risk mitigation and risk acceptance. * Equal Treatment of SMEs

With respect to accounts payable to small and medium-sized enterprises (SMEs) the finance department and procurement

The Company has established a closed-loop crisis management mechanism covering pre-event prevention in-event response department convene meetings periodically to review the status of accounts payable to SMEs and to take proactive

and post-event review along with a classification and tiering framework for responses. Procedures for the collection and management measures. By optimising payment processes and strengthening supply chain finance coordination the Company

disclosure of risk information are standardised and tailored response measures have been developed for risks including has established a standardised and effective accounts payment mechanism building a long-term stable and mutually

changes in environmental protection policies iteration of new energy technologies and overseas investments so as to beneficial cooperative ecosystem with its suppliers.comprehensively strengthen the Company's risk management and crisis response capabilities.WEIMING

32 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 33

Strategy

★ Business Ethics and Anti-Corruption Grounded in its core values of integrity dedication innovation and advancement the Company treats anti-corruption and

the cultivation of business ethics as central to its management of corporate conduct. In strict compliance with the Criminal

Law of the People's Republic of China the Anti-Unfair Competition Law of the People's Republic of China and other applicable

The Company is committed to developing a multi-dimensional governance framework achieving strategic advancement laws and regulations the Company has — through improvements to the management framework implementation of policy

continuously enhancing governance effectiveness and core competitiveness and promoting high-quality corporate requirements strengthening of training and awareness programmes and the conduct of regular inspections — established

development. a systematic mechanism for identifying preventing and monitoring integrity risks. With a forward-looking governance

approach business ethics development has been deeply integrated into the full process of business decision-making and

Governance operations ensuring sustained adherence to compliant business conduct in a complex commercial environment upholding

The Company is committed to developing a multi-dimensional governance framework to achieve strategic advancement the Company's image as an enterprise of integrity and creating long-term value.continuously strengthening governance effectiveness and core competitiveness and promoting high-quality corporate

development. The Company places great importance on the development of business ethics and anti-corruption work Management of Impacts Risks and Opportunities

regarding these as the cornerstone of sustainable corporate development. The Company manages business ethics risks through a closed-loop process of "prevention – monitoring – response –

improvement" and regularly evaluates its anti-corruption work researches optimisation strategies and promotes the

The Board of Directors as the highest governance body for business ethics and anti-corruption work is responsible for setting

development of an integrity culture within the enterprise.the Company's overall objectives for integrity and compliance and for overseeing the implementation of anti-corruption

governance and business ethics development. Within the overall governance of the Board the Company has established

Each business unit periodically identifies corruption risk points in

a three-tier anti-corruption governance framework of "system – execution – oversight" with clearly defined boundaries of business activities including key areas such as procurement tendering

responsibility for integrity and clean business conduct at each level. construction contracting and project approval. The legal department

formulates integrity risk checklists in accordance with actual business

· Anti-Corruption Governance Framework: "Three Lines of Defense" · conditions and conducts "integrity governance training" and "clean

business conduct training" programmes covering the Employee Code of

Conduct of Weiming Environment Protection corporate culture policies

01 02 03 Risk Identi- and management systems providing comprehensive and systematic fication and

Prevention education for management personnel and frontline employees.First Line of Defense Second Line of Defense Third Line of Defense

Business Departments and All Legal Compliance and Internal Inspection and Audit Department The internal audit department conducts regular audits of financial and

Employees Control Department Monitoring business processes to ensure that all activities comply with applicable

* The independent audit and Review laws regulations and internal policies. The Company requires all

* All employees are the direct * A compliance management department is responsible suppliers to sign the Supplier Integrity and Clean Business Commitment

practitioners of clean and function is established at the for conducting dedicated Letter clearly establishing the requirement for both parties to strictly

honest business conduct. They management level responsible audits of the implementation observe integrity and self-discipline standards throughout the course of

are responsible for identifying for formulating anti-corruption of anti-corruption policies their cooperation so as to eliminate corruption at source.corruption risks in the course of policy standards conducting independently reviewing

business activities complying integrity training and awareness business ethics risks and

with the Company's Anti- programmes establishing a reporting directly to the Audit

The Company has established anti-corruption reporting channels

(reporting hotline email and offline public notices) encouraging

Corruption and Anti-Commercial supplier integrity admission Committee of the Board of

mechanism and monitoring and Directors ensuring the objectivity Response employees to report violations through anonymous reporting and other Bribery Management Policy

guiding business departments and authority of anti-corruption and means. The Company adopts a zero-tolerance approach to violations: reporting suspected violations

all verified violations are handled strictly and without exception.in a timely manner and bearing in the execution of integrity and work. Handling

responsibility for their own compliance requirements.Whistleblower protection provisions are in place to ensure the security

and confidentiality of reporting information.and their team's integrity and

compliance.Improvement The internal audit department regularly evaluates the effectiveness

and of anti-corruption policy implementation and reports to the Audit

Enhancement Committee of the Board of Directors. The Company continuously

optimises its anti-corruption policy framework and updates and revises

The Anti-Corruption and Anti-Commercial Bribery Management Policy established by the Company is designed to build the Anti-Corruption and Anti-Commercial Bribery Management Policy

an anti-corruption governance framework covering all employees all business activities and all processes. It sets out the in a timely manner in response to regulatory changes and business

standards of business ethics conduct the requirements for clean and honest business practices and the penalties for developments driving continuous improvement in business ethics

management.violations and incorporates business ethics risks into the Company's enterprise risk management framework.WEIMING

34 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Strengthening Corporate Governance 35

In addition the Company has established a closed-loop mechanism for handling business ethics incidents covering pre-event

prevention in-event response and post-event rectification ensuring that emergency responses investigations handling and

rectification in relation to compliance violations are conducted in an orderly manner effectively containing adverse impacts

and safeguarding the Company's reputation.During the Reporting Period the Company further standardised its business ethics management activities and formulated

dedicated training plans to strengthen integrity awareness across all employees. No instances of corruption or bribery were

identified in any of the Company's procurement or other transactional activities during the Reporting Period. Anti-corruption

and business ethics training covered all levels including the Board of Directors senior management middle management · Reporting Channels ·

junior management and general employees.During the reporting period * Reporting Hotline: 0577-86056018-6389

Number of Participants in Anti-Corruption and Business Ethics Training

* Email: wmhbnsb@cnweiming.com

11 201 505 1239 * Offline Reporting: All subsidiaries and branches are required to display the internal audit oversight and

reporting channels on a permanent basis in canteens notice boards and other working areas.Board of Directors Senior Management Middle Management General Employees

* During the Reporting Period no reports were received.* Whistleblowing Management Mechanism

The Company conducts fraud risk assessments in key business areas and key positions and carries out regular annual

"business ethics and anti-fraud" internal audits across all group companies supplemented by ad hoc dedicated internal

audits targeting fraud risks as required.The Company provides a unified reporting email address reporting hotline reporting

WeChat account and reporting fax number encouraging internal employees and external

parties to report violations illegal acts and criminal conduct occurring in the course of

Whistleblowing

Channel operations in a timely manner. The reporting channels are available around the clock

Development (24 hours a day 7 days a week) to receive complaints and reports from the Company's

employees business partners (including clients and suppliers) and members of the public

and are publicised to all employees and to the public through multiple channels including

the Company's official website internal email training sessions and notice boards.The Company has established a dedicated inspection and audit department responsible

Whistleblower for managing the reporting channels and ensuring the strict confidentiality of all reporting

Protection information. The Company has issued regulations for the protection and reward of

whistleblowers who report violations and illegal conduct which expressly prohibit any

company or individual from suppressing obstructing retaliating against or framing a

whistleblower. Where any such conduct is identified the Company will take strict disciplinary

measures and resolutely protect the legal rights and interests of the whistleblower.Investigation The Company evaluates all received reports and initiates formal investigations into matters

Handling

and where clear violations or illegal conduct are established. Where criminal liability is suspected

Digital Upgrade the matter is referred to the judicial authorities in accordance with applicable law.WEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

03

Environmental Stewardship

Leading the Green and

Low-Carbon Transition

★ Environmental Compliance ★ Pollutant Emissions

Management

* Water Resource Utilisation

★ Energy Utilisation

* Circular Economy

★ Climate Change Response

* Biodiversity

* Treatment of Three WastesWEIMING

38 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 39

Strategy

★ Environmental Compliance Management The Company is committed to optimising its energy mix and increasing the proportion of green and low-carbon energy. It

obtains electricity and steam from municipal solid waste (MSW) incineration for power generation purchases electricity from

the municipal grid and generates energy through photovoltaic (PV) equipment installed on plant premises. By continuously

Governance improving its energy mix and environmental safety the Company advances its transition towards a low-carbon circular

In compliance with the Ecological Environment Code of the People's Republic of China and other national laws and development model.regulations the Company maintains a top-down environmental governance structure. The Board of Directors and senior

Weiming Environment Protection's Expansion of Photovoltaic Projects

management bear ultimate responsibility approving the policy of "energy conservation consumption reduction emission Case

reduction and efficiency enhancement" and major environmental decisions. The Company implements the Treatment

Weiming Environment Protection and its subsidiaries have actively expanded into photovoltaic (PV) projects. By the end

of Three Wastes Measures fulfils environmental compliance responsibilities at all management levels and operates an

of the Reporting Period the Company had completed installation commissioning and grid connection of PV projects at

environmental management system and accountability mechanism to ensure all operations comply with national and local

Weiming Shengqing Phase I Dushan Equipment Plant Binhai Equipment Plant and Yongjia Wastewater Treatment Plant

environmental requirements and uphold the compliance baseline.with a combined installed capacity of approximately17MW. At Dushan Equipment Plant rooftop PV panels across Phase I and

Strategy Phase II total nearly 5 MW and are expected to generate approximately 4.63million kWh annually reducing standard coal

Environmental compliance management is the lifeline of Weiming Environment Protection's sustainable development. By consumption by about 1300 tonnes and CO2 emissions by about 3600tonnes.improving its management framework strengthening policy development participating in environmental management

system certification establishing standardised disclosure under Ministry of Ecology and Environment requirements advancing In 2026 the Company plans to add approximately 22 MW of rooftop PV capacity generating abou 23million kWh annually

ISO 14001 certification and integrating system requirements into new and ongoing projects the Company standardises after grid connection further increasing clean energy use and supporting the achievement of the "Dual Carbon" targets.environmental management and translates strategy into practice.Management of Impacts Risks and Opportunities

The Company has established a comprehensive framework for environmental risk identification response and opportunity

management. It regularly identifies and reviews environmental hazards determines risk levels and impacts under risk

assessment standards and uses the results to support risk control decisions. The Company continuously optimises emergency

response plans improves response mechanisms equips necessary facilities and rescue materials and conducts drills and

safety training for environmental pollution and climate-related scenarios enhancing emergency capabilities protecting

employees and operations while capturing opportunities arising from environmental management system certification Management of Impacts Risks and Opportunities

proactive environmental information disclosure enhanced stakeholder trust and green finance support.While maintaining operational efficiency Weiming Environment Protection explores and implements energy conservation and

Metrics and Targets emission reduction pathways. During the Reporting Period its main energy sources included natural gas diesel electricity and petrol. Activities including WtE incineration wastewater treatment fly ash landfill disposal food waste treatment waste

The Company addresses environmental risks at source sets environmental management red-line targets and indicators collection office operations and investment and construction are managed according to energy characteristics to reduce

fulfils its primary environmental protection responsibility and ensures all operations meet environmental standards. Going costs minimise environmental impacts and capture green transition opportunities.forward it will strengthen environmental management across all business areas prevent material administrative penalties

and environmental incidents and contribute to a Beautiful China. · Environmental Impact Analysis Across Business Activities ·

Energy Type Specific Energy Use Scenario

★ Energy Utilisation Natural gas WtE incineration

Direct

Diesel Fly ash landfill disposal; waste collection and transportation; investment and

Energy construction

Governance Petrol Office operations; investment and construction

Purchased electricity Wastewater treatment; fly ash landfill disposal; food waste treatment; office Weiming Environment Protection strictly complies with applicable laws and regulations including the Law of the People's operations; investment and construction

Republic of China on Energy Conservation and has established a comprehensive energy management system. The Company Self-generated electricity

strictly implements its Climate Change Response Management Measures requiring each project company to actively carry out All business activities Indirect (WtE incineration for power generation)

energy conservation and consumption reduction activities in accordance with actual conditions. Through the establishment Energy

Self-generated steam

of an energy management organisational structure clearly defined energy conservation responsibilities for each department All business activities (steam supply from WtE incineration)

and the decomposition of energy management targets across all business activities the Company ensures the effective

Solar PV power generation All business activities

implementation of energy management measures.WEIMING

40 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 41

· Weiming Environment Protection Energy Management Measures · Metrics and Targets

Energy Conservation Measures Energy Conservation Outcomes具体能源202320242025

WtE Optimise incinerator operating parameters Increase power generation per tonne

Incineration to improve power generation efficiency of waste processed; reduce unit energy consumption Biomass power generation

(10000 kWh) 385298 440181 462261

Wastewater Deploy high-efficiency energy-saving pump Reduce electricity consumption; lower

Treatment sets; optimise treatment processes treatment costs Solar PV power generation

(10000 kWh) 88 359 670

Fly Ash

Landfill Optimise transportation routes Reduce diesel consumption

Disposal

★ Climate Change Response

Food Waste Optimise processes and upgrade

Treatment equipment Reduce electricity consumption

Waste Optimise transportation routes; increase Governance

Collection and the proportion of new energy vehicles in Reduce diesel consumption

Transportation use * Climate-Related Governance Bodies and Operational Appraisal

Retrofit lighting systems with LED Weiming Environment Protection has integrated sustainability principles into its corporate governance and established a Office technology; optimise air-conditioning Reduce electricity consumption in office Operations four-tier management framework comprising the Board of Directors the Strategy and ESG Committee the Strategy and

systems areas ESG Committee Office and the Business Working Groups. Climate-related issues are advanced jointly at the Board and

management levels. The Board of Directors bears ultimate responsibility integrating climate risks and opportunities into

Investment and Design new projects to high energy the Company's overall strategy. The Strategy and ESG Committee of the Board of Directors is responsible for formulating

Construction efficiency standards Control energy consumption at source strategy identifying risks and overseeing implementation operating on a regular meeting mechanism. Heads of each business

segment are responsible for implementing specific actions ensuring that climate management is effectively communicated

and implemented throughout the organisation.Details

Energy

Conservation

Retrofitting * Increase investment in high-efficiency energy-saving equipment; retrofit

Strategy and ESG Committee

production systems for energy conservation

-making Formulate strategy; approve projects; oversee implementation* Deploy advanced process technologies to improve energy utilisation efficiency Decision

* Implement waste heat recovery projects to reduce energy losses

Strategy and ESG Committee Office

* Apply refined management to production equipment; establish an energy Day-to-Day

rdination Coordinate working groups; prepare reports; facilitate collaborationconsumption monitoring system Management Coo

* Regularly analyse energy consumption data to identify energy conservation

opportunities Heads of each business segment

* Formulate and implement energy-saving operating procedures

Execution Implement climate actions; collect data; report progress

Energy

Training * Regularly organise employee participation in energy management training

* Conduct energy conservation awareness education to enhance employees' sense

of responsibility for energy conservation

* Develop professional energy management personnel Strategy

* Climate-Related Risks and Opportunities

Sustainable

Procurement As a leading enterprise in the solid waste treatment sector Weiming Environment Protection fully recognises that climate * Incorporate energy efficiency into procurement evaluation criteria

change presents both risks and opportunities. The Company's core business of waste-to-energy (WtE) incineration delivers

* Prioritise energy-saving and environmentally sound equipment and materials

significant carbon emission reduction and energy recovery benefits aligns with the national "Dual Carbon" strategic direction

* Establish a green supply chain management system

and offers strong development prospects. At the same time the business faces challenges at both the transition and physical

levels.WEIMING

42 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 43

* Climate Scenario Analysis

Risk / Opportunity Name Time Horizon Potential Financial Impact Strategic Response Drawing on the internationally recognised IPCC AR6 scenario framework and the recommendations of the Task Force on

Transition risks Climate-related Financial Disclosures (TCFD) Weiming Environment Protection regularly conducts climate scenario analysis to

assess the potential business and financial impacts of different low-carbon transition pathways and climate physical impacts.Inclusion of the WtE Proactively develop carbon emission

incineration industry in the reduction projects; actively advance energy

Short-term

National Carbon Market Operating costs may increase conservation retrofitting to reduce unit

Medium-term Potential Business and Financial Impacts Strategic Resilience and Response Measures

leading to increased carbon carbon emission intensity and offset potential

costs carbon costs

Continue to increase research and HighCarbon prices rise steadily benefiting WtE

Tightening energy efficiency development investment; explore and apply The low-carbon characteristics of the

Retrofitting expenditure to increase; incineration projects with carbon reduction

and emission standards higher-parameter more efficient grate-type Company's existing business are well

Medium-term individual facility retrofitting costs may Orderly

driving the need for incinerator technologies to improve power benefits; the Company is positioned

amount to several million yuan Transition established. Proactively developing carbon

technological upgrades generation efficiency and reduce carbon (2° C temperature to generate carbon assets revenue. A emission reduction projects and exploring

emissions at source control target) stable policy environment supports long-

REC and green power trading captures

Physical risks term project planning and investment transition opportunities and enhances

returns.Improve and regularly drill the overall profitability.emergency response plans for sudden

Typhoons heavy rainfall

A single extreme weather event incidents; insure key operational assets with

and other extreme weather

may result in equipment damage property insurance business interruption

events causing project Short-term

production stoppages and related insurance and other appropriate cover to

operational disruption or

financial impacts hedge potential losses; raise the disaster

asset damage

resistance standards in project design and Initial policy measures are insufficient M edium to Hig

facility maintenance or their implementation is delayed but It is necessary to maintain a technological

there is a risk that more stringent and

Assess climate adaptability when selecting leadership advantage deploy retrofitting

Capital expenditure required to Delayed disruptive regulator y policies may be

Rising sea levels posing a sites for new projects and conducting Transition plans in advance to meet more stringent reinforce existing facilities or invest introduced abruptly at a later stage leading

long-term threat to coastal Long-term retrofitting of existing projects; raise flood standards and establish more resilient

in protective infrastructure for future to premature equipment ret irement

facilities and typhoon protection standards where technology pathways and investment

projects will increase or significant retrofitting pressure and

necessary strategies.increasing transition costs and uncertainty.Opportunities

Actively consolidate and expand market share

The "Dual Carbon" strategy The scale of market treatment

in the core solid waste treatment market and

driving increased demand capacity will continue to increase

Long-term develop integrated projects combining MSW

for WtE incineration as a driving growth in business revenue

incineration with the co-treatment of other

substitute for landfill and returns Insufficient global emission reductions lead

solid waste in areas where conditions permit to a significant rise in temperatures with

M edium

Using factory rooftop and idle land increases in the frequency and intensity

Evaluate and advance distributed PV projects The focus is on strengthening climate

resources to develop PV projects can of extreme weather events (heavy rainfall

suitable for project plant facilities (such as a d a p ta t i o n c a p a b i l i t i e s i n c l u d i n g

achieve energy conservation and High Emissions typhoons high temperatures). The normal

Distributed photovoltaic the Kunshan and Dongyang WtE projects and Physical upgrading extreme weather emergency

Medium-term cost reduction lower the auxiliary Risks operations and asset safety of projects (PV) at plant facilities and and the Equipment Group industrial park) response plans optimising project design

Long-term power consumption rate and may located in vulnerable areas (such as south-

green power trading progressively increasing the proportion of reinforcing key facilities and diversifying

generate additional revenue through east coastal regions) face greater threats

self-consumed and grid-connected renewable regional risks.Renewable Energy Certificate (REC) and insurance costs and post-disaster

energy

and green power trading repair costs may continue to rise.Resource recovery and utilisation

Strengthen research development and

of by-products such as bottom ash

collaboration; advance the comprehensive

(e.g. metal recovery production of Under the guidance of the "Dual Carbon" strategy the core business of WtE incineration power generation serves as an

Circular economy and utilisation of downstream industrial chain

Medium-term environmentally sound construction important means of reducing and substituting carbon emissions and the development opportunities faced by the business

extension of the resource resources; enhance the combined economic

Long-term materials) can generate additional as a whole outweigh the challenges. The Company will need to continue strengthening its technical reserves and capacity

recovery value chain and environmental benefits; and develop

revenue streams and enhance the in areas such as energy efficiency improvement renewable energy utilisation and resource circularity while systematically

a circular economy product line with the

overall environmental value and assessing and managing physical risks to ensure the safety and resilience of assets and operations in the context of long-term

potential to command a "green premium"

market reputation of projects climate change.WEIMING

44 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 45

* Climate Transition Plan

Risk Degree

No. Risk Name Risk Category

Likeli-

hood of

Risk

Level Response Measures· "Dual Carbon" Roadmap · Impact

Initial Decarbonisation * Management Objectives * Conduct in-depth carbon emission

Present to 2030 Reduce greenhouse gas (GHG) emissions; Expansion of the monitoring and verification to establish a clear

practise circular development principles; National Carbon baseline;

Short-Term Market leading Transition risk * Actively develop REC projects to offset

Targets strengthen science and technology innovation R01 H M H

support; advance the enabling of digital to increased (policy) compliance obligations;

technology; drive the transition of the energy compliance * Advance energy conservation retrofitting

mix to improve energy utilisation efficiency; and costs and operational optimisation to reduce the

build a green and low-carbon supply chain. Company's carbon emission intensity.Sustained Decarbonisation * Management Objectives * Strengthen technical research and

Medium-Term

Targets 2031 to 2040 Fully realise the enabling of digital technology; development reserves (e.g. higher-parameter Tightening policies

substantially increase the use of clean energy; boilers intelligent control systems);

and standards

advance near-zero-carbon facility development

R02 driving pressure Transition risk

* Explore diversified low-carbon technology

at plant s i tes; enhance carbon removal (technical)

M H H

pathways;

for technological

technology; and achieve compliance of principal * Conduct low-carbon diagnostics on

upgrades

procurement raw materials with the Company's existing assets and formulate medium-to-

carbon emission reduction targets. long-term retrofitting and replacement plans.Long-Term

Targets

Deep Decarbonisation * Management Objectives * Improve extreme weather emergency

2041 to 2060 Comprehensively apply clean energy and response plans and conduct regular drills;

promote the application of relatively mature Typhoons * Optimise facility layout and flood / typhoon-

carbon removal technologies; strive to achieve / extreme Physical risk resistance design standards;

carbon neutrality. R03 rainfall causing M M M * Strengthen emergency material reserves

operational (acute)

and personnel training;

disruption

* Take out property insurance covering

operational disruption losses.· Key Assumptions and Dependencies for the Transition Plan ·

Fluctuations

Policy assumption：Heat supply business becomes a Market assumption： Liquidity in the Renewable in energy * Actively expand the use of renewable

new growth lane in the industry; coordination between Energy Certificate (REC) market improves; green (particularly Transition risk energy (photovoltaic);

computing power and electricity drives green power project power premium of 5%–10%. R04 dependence on M M M(market) * Explore long-term agreements with clean

collaboration. coal-fired power) energy suppliers to stabilise energy costs.Dependencies：Stability of government subsidy or raw material

Technology assumption：Medium-temperature sub-high- policies; grid absorption capacity; progress in the prices

pressure and high-temperature high-pressure (HTHP) development of the carbon market. H: High M: Moderate

grate-type incinerator technologies progressively mature;

photovoltaic costs continue to decline. · Climate Resilience Development: ·

In project investment decision-making a preliminary assessment of climate risks (such as

extreme precipitation and sea level rise) in the area of a proposed project site is conducted.Business

Management of Impacts Risks and Opportunities Continuity Business continuity plans are formulated for key operational activities (such as waste collection and transportation grid power delivery and pollutant treatment) ensuring that

* Risk and Opportunity Management both primary and backup pathways are in place.Climate Risk Management

The Company has formally integrated climate-related transition risks and physical risks into its enterprise risk management In partnerships with core equipment and consumables suppliers their capacity to adapt

framework for centralised management establishing a material climate risk register and formulating corresponding Supply to climate risks is taken into account. Diversification of supply sources for key materials

management measures. Chain Resilience is explored to reduce the risk of supply disruption in any single geographic area due to

extreme weather events.WEIMING

46 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 47

Climate-Related Risk and Opportunity Analysis Approach · Climate Risk Financial Impact Analysis ·

The Company has established a systematic climate risk and opportunity management process covering four key elements:

Type Level Description Potential

identification assessment analysis and monitoring： Financial Impact

Response Measures

Weiming is listed as a key pollutant

Identification Assessment Analysis Monitoring discharge unit despite its environmental Revenue ▼

Enhance environmental disclosure and

Reputational Risk M establish proactive media

p r o t e c t i o n b u s i n e s s c r e a t i n g Credit risk ▲ communication.reputational risk.Climate-related risks Assessments are A risk and opportunity Changes in risks and

and opportunities are conducted based on the matrix is constructed; opportunities are tracked

identified with reference Company's fundamentals priorities are determined on a regular basis;

Extreme Natural Cer tain projec t s in t yphoon-prone drawing on the views of based on the probability management strategies Revenue ▼ Develop emergency plans insure key

to the TCFD framework M coastal areas face business disruption

both internal and external of occurrence and degree are adjusted dynamically. Hazards Credit risk ▲ assets and reinforce critical facilities.and industry best risks from property damage.experts. of impact.practices.Revenue ▼

Stricter environmental policies may

P r o a c t i v e l y u p g r a d e t o u l t r a - l o w

Market Risk M require equipment retrof it t ing and Operating costs ▲

emissions and secure green financing.· Climate Scenario Analysis · increase capital expenditure.Fixed asset value ▼

During the Reporting Period

· Climate Opportunity Financial Impact Analysis ·

the Company further upgraded its climate risk assessment methodology and added a climate scenario analysis

module. Drawing on data from the Sixth Assessment Report (AR6) of the Intergovernmental Panel on Climate Change Type Level Description Potential

(IPCC) the following scenarios have been established: Financial Impact

Strategic Measures

Weiming leverages waste-to-energ y

* High Emissions Scenario (SSP5-8.5): Global greenhouse gas (GHG) emissions remain persistently elevated; the Sustainable (WtE) incineration to replace coal-fired

4.4 Expand WtE incineration capacity and global average temperature rise reaches ℃ by 2100. Energy and p o w e r g e n e r a t i o n s i g n i f i c a n t l y extend into industrial and hazardous

H reducing GHG emissions while utilising Revenue ▲

Waste Treatment waste treatment to improve resource its industry chain advantages to treat

1.5-2 Solutions recovery and utilisation rates.* Low Emissions Scenario (SSP1-2.6): Active global emission reductions keep the temperature rise within ℃ di ve r s e s ol id w a s te an d e l iminate

environmental pollution risks.Driven by government policies and Accelerate the development of new

To accurately assess the potential impact of various climate factors on the Company the time horizon for risks and rising environmental awareness the energy materials projects including matte

New materials

opportunities is categorised as follows: new energy vehicle market is expanding nickel and ternary cathode materials; H Revenue ▲

transition r a p i d l y p r o m p t i n g W e i m i n g t o deepen collaboration with leading

strategically position itself in the power battery enterprises; build an "urban

battery materials sector. mining" resource recycling system.Present 2031 2041

Increasing environmental awareness is

2030 2040 2060 Changes in driving recognition of WtE's efficiency

Strengthen external communications to

Revenue ▲

and rec ycling advantages creating raise public awareness; actively expand

Consumer M

broad de velopment opp or tunit ie s

Operating costs ▼ into overseas markets; promote "Zero-Behaviour in re g ions w h e re w a s te t reat m e nt

Short-term Medium-term Long-term Waste City" solutions. infrastructure is underdeveloped.A phased impact assessment is conducted for each identified climate risk and opportunity providing a scientific basis

for strategic decision-making. H: High M: Moderate

-

-

-WEIMING

48 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 49

* Metrics and Targets · Sources of Greenhouse Gas Emissions of Weiming Environment Protection (by Business Segment) ·

Decarbonisation Plans and Targets Business Segment GHG Emission Type Emission Activity

The Company's overall target is "initial decarbonisation by 2030 and deep decarbonisation by 2060." A phased and quantified WtE incineration

roadmap has been developed setting out the intended pathway to achieving the phased "Dual Carbon" targets: CO2

Environment Protection Group Wastewater (biochemical) treatment

CH4 Aerobic composting

Achieve initial decarbonisation

CO2 Indirect emissions from industrial electricity use

Achieve initial decarbonization with over 15 green certificate projects developed; boost PV capacity Equipment Group

to 50 MW; complete ultra-low emission retrofits for Zhejiang waste-to-energy plants; expand waste- HFCs Use of refrigeration equipment

to-energy business to Belt and Road countries with growing project pipeline; increase green heating 2030 New Energy Group CO2 Use of side-blown smelting furnaces

projects; and drive supply chain partners to integrate low-carbon practices into operations.Achieve sustained decarbonisation

Ensuring green certificate projects cover all domestic WTE plants; install photovoltaic power

generation systems in over 80% of projects and facilities; continuously increase the proportion of Treatment of Three Wastes

2040 overseas WTE projects; achieve full coverage of green heating projects; enhance negative carbon

technologies and strive to ensure that the primary purchased raw materials meet the company's * Solid Waste Treatment

carbon reduction targets. Solid waste generated during the Company's production processes is managed in strict accordance with environmental

Achieve deep decarbonisation impact assessment approvals and applicable national and local standards. Through standardised storage classified disposal

and resource recovery the Company ensures full regulatory compliance including the Standard for Pollution Control of

General Industrial Solid Waste Storage and Landfill (GB 18599-2020) and implements measures for leakage prevention rain

Clean energy will be comprehensively applied and relatively mature carbon removal protection and dust suppression. The Company also promotes green packaging prioritising recyclable materials to reduce

technologies promoted and deployed. The Company will strive to achieve carbon neutrality. 2060 environmental impacts and optimise costs.· Solid Waste Categories of the Company (Classified by Business Type) ·

Business Type Solid Waste Categories

General industrial solid waste: bottom ash etc.Greenhouse Gas Emissions Accounting WtE incineration Hazardous waste: fly ash waste filter bags spent catalysts waste mineral oil etc.· Accounting Methodology · Wastewater

treatment Hazardous waste: waste membranes etc.The Company accounts for greenhouse gas (GHG) emissions in accordance with the GHG Protocol (Greenhouse Gas Protocol:

A Corporate Accounting and Reporting Standard) and ISO 14064-1. Emission factors are principally sourced from the Corporate Food waste General industrial solid waste: digestate waste grease etc.Greenhouse Gas Emission Accounting Methods and Reporting Guidelines issued by the Ministry of Ecology and Environment of treatment Hazardous waste: waste engine oil etc.China and from the latest IPCC guidelines.Office operations General industrial solid waste: domestic waste etc.· Sources of Greenhouse Gas Emissions of Weiming Environment Protection ·

Scope Type Emission Sources Solid Waste Management Targets and Plans

Scope 1 Direct emissions from business activities owned or controlled by Weiming Environment Protection The Company is committed to developing comprehensive urban environmental protection infrastructure to address waste

disposal challenges and promote sustainable ecological development aiming to become an internationally advanced

domestically leading solid waste treatment provider. Guided by circular economy principles with MSW incineration at its core

Scope 2 Indirect emissions arising from purchased or acquired electricity and steam consumed by the Company the Company coordinates treatment services for food waste sludge agricultural and forestry waste and industrial solid waste

building a "multi-source coordination and resource circularity" system. Going forward it will actively expand domestic and

All other indirect emissions occurring outside the organisational boundary of Weiming Environment

Scope 3 international markets strictly implement the "Three Wastes" (wastewater waste gas solid waste) compliance discharge and

Protection including upstream and downstream emissions full-process management framework and continuously improve environmental governance and operational standards.WEIMING

50 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 51

Management of Impacts Risks and Opportunities

Solid Waste Disposal Methods:

The Company has formulated classified control measures and disposal plans for wastewater and waste gas generated by

* 1.Each project company has established a solid waste classification system classifying waste according to its different types of business. Each project complies with its environmental impact assessment approval pollutant discharge

nature providing corresponding collection facilities and containers and setting up temporary storage areas. permit and self-monitoring programme; periodically engages third-party organisations to conduct emissions testing; and

* 2.Packaging material management is strengthened with the promotion of recyclable or reusable packaging constructs connects to the network and maintains a real-time Continuous Emissions Monitoring System (CEMS) ensuring

materials and an increasing proportion of recyclable packaging materials used so as to reduce environmental that emissions data is publicly disclosed in a transparent manner. In the event of abnormal operation of environmental

pollution and lower raw material costs. protection equipment the Company has emergency response plans in place to ensure rapid response timely rectification

* 3.Hazardous solid waste is entrusted by each project company to qualified units for unified disposal. and compliance with discharge standards. Through online monitoring and public data disclosure the Company effectively

* 4.Non-recyclable solid waste is arranged by each project company to be sent to designated waste disposal sites identifies emissions risks and enhances its environmental compliance standards.ensuring that the treatment process complies with environmental protection requirements.* 5.The recovery and reuse efficiency of recyclable solid waste is enhanced; resource circularity is achieved Case Yongjia Wastewater Treatment Plant – Clean Discharge Upgrading Project

through cooperation with relevant enterprises and organisations promoting sustainable development. Yongjia County Weiming Wastewater Treatment Co. Ltd. completed its effluent standard upgrading works

in November 2024 and commenced operations in July 2025. The project raised the effluent standard from

China's National Class IA standard to Zhejiang Province's local standard (DB33/2169-2018) further reducing

Case Longwan Weiming Renewable Resources Project – the discharge concentrations of Chemical Oxygen Demand (COD) total nitrogen (TN) ammonia nitrogen

A Model for Kitchen Waste Resource Recovery and Utilisation (NH3-N) and total phosphorus (TP) with real-time online monitoring implemented. Following the upgrade the

quality of treated effluent improved significantly directly reducing the pollutant loading on the Oujiang River

As urbanisation in China accelerates the volume of solid waste generated continues to grow and conventional and alleviating downstream treatment pressure. The treated effluent can also be reused for urban greening

landfill methods can no longer satisfy the environmental requirements of "waste reduction resource recovery and and industrial water use achieving water resource recycling and providing strong support for Wenzhou's

harmless disposal." As one of China's leading comprehensive solid waste treatment services providers Weiming "Five-Water Co-Governance" initiative and ecological development.Environment Protection continued to deepen its solid waste classification treatment and resource recovery and

utilisation activities in 2025 developing replicable technical and management experience in the recovery utilisation

and treatment of kitchen waste.Linjiang Food Waste Treatment

Applying a "pretreatment + anaerobic digestion" process the project generates nearly 6 tonnes of industrial grease

per day approximately 14000 cubic metres of biogas per day and more than 20000 kWh of green power per day

achieving resource recovery from food waste.★ Pollutant Emissions

Governance

The Company strictly complies with the Ecological Environment Code of the People's Republic of China and the Company's

internal Waste Gas Wastewater and Solid Waste Management Measures and has established an environmental management

mechanism covering all business segments. The environmental protection departments of each project company are

responsible for regularly updating their wastewater and waste gas discharge inventories clarifying the types of emissions

and control processes and ensuring that all production and business activities comply with applicable national and local Wastewater Management Requirements and Treatment Methods

environmental protection laws and regulations. The relevant governance framework is described in the "Environmental

Compliance Management" section. Governing policies: Waste Gas Wastewater and Solid Waste Management Measures etc.Strategy Business types and discharge indicators:

The Company is committed to minimising pollutant emissions and achieving efficient resource circularity. Through the WtE incineration:flow rate pH value Chemical Oxygen Demand (COD) Five-Day Biochemical Oxygen Demand

promotion of "zero-discharge" technologies optimisation of treatment processes and strengthening of online monitoring (BOD5) suspended solids total nitrogen (TN) ammonia nitrogen (NH3-N) total phosphorus (TP) faecal

the Company continuously reduces the environmental impact of wastewater and waste gas. In its WtE incineration fly ash coliforms total mercury total cadmium total chromium hexavalent chromium total arsenic total lead etc.；

landfill disposal and food waste treatment businesses the Company actively introduces advanced flue gas purification and Food waste treatment: suspended solids Five-Day Biochemical Oxygen Demand (BOD5) Chemical Oxygen

wastewater treatment technologies driving full-process green operations spanning source emission reduction in-process Demand (COD) ammonia nitrogen (NH3-N) total phosphorus (TP) animal and vegetable oils etc.control and end-of-pipe treatment contributing to the achievement of the carbon peaking and carbon neutrality targets.WEIMING

52 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 53

Pollution source control measures:

Leachate treatment facilities demineralised water systems initial rainwater collection systems wastewater treatment plants

etc. Water Resource Utilisation

In the course of its day-to-day operations Weiming Environment Protection is involved in a variety of water consumption

scenarios including domestic water use (such as drinking water cleaning and sanitation facilities) and production

water use (such as cooling and circulation water for WtE projects and chemical solvent preparation water for wastewater

Treatment methods: treatment processes). The Company strictly complies with the Law of the People's Republic of China on Water and the

Each project company classifies and collects domestic sewage leachate wash water and other effluents for separate applicable regulations of the jurisdictions in which its projects operate has established and implements a standardised

treatment. The Linjiang Yongfeng and Ningjin projects have achieved zero liquid discharge (ZLD); the quality of treated water use management system and ensures the compliance and scientific management of water resource use. During the

effluent meets the requirements of the Standard for Pollution Control of Municipal Solid Waste Landfills（GB16889-2008）and environmental impact assessment stage for projects the Company fully considers the impact of water resource utilisation on

the Standard for Water Quality of Urban Wastewater Recycling – Industrial Water（GB/T19923-2005） and the treated water surrounding ecosystems and community water use ensuring that business operations do not encroach upon the water use

is reused for plant greening road spraying and other purposes. The Yongjia Wastewater Treatment Plant provides centralised rights of local communities and other stakeholders. During the Reporting Period no water scarcity issues arose at any of the

treatment of municipal wastewater; upon achieving compliant discharge standards the treated water may be reused for Company's operational projects and the supply of water resources remained stable and manageable. The Company actively

urban greening and industrial water use. conducts rainwater collection and reuse and has achieved 100% collection and reuse at certain WtE incineration projects.Waste Gas Management Requirements and Treatment Methods Business Type Water Source Categories

Governing policies: Waste Gas Wastewater and Solid Waste Management Measures etc. WtE incineration Municipal water supply surface water groundwater reclaimed water rainwater etc.Business types and discharge indicators:

Wastewater Domestic sewage leachate from waste ground wash water and initial rainwater industrial

WtE incineration: particulate matter (PM) sulfur dioxide (SO ) carbon monoxide (CO) hydrogen chloride treatment wastewater (including water from chemical water treatment systems and boiler blowdown water) 2 etc.(HCl) nitrogen oxides (NOx) heavy metals (antimony arsenic lead chromium cobalt copper manganese

nickel etc.) cadmium thallium mercury and its compounds dioxins etc. Office operations Municipal water supply etc.Wastewater treatment:ammonia hydrogen sulfide malodorous gases etc. Waste collection and transportation Municipal water supply etc.Food waste treatment:hydrogen sulfide ammonia malodorous gases etc. · Process Optimisation ·

Waste collection and transportation: malodorous gases vehicle exhaust etc. Case Wuyi Power Plant – Leachate Treatment

Innovatively combining leachate from the landfill and the WtE plant for joint treatment the project applies

Pollution source control measures: a "pretreatment + Upflow Anaerobic Sludge Blanket (UASB) reactor + Membrane Bioreactor (MBR) biological

Selective Non-Catalytic Reduction (SNCR) denitrification semi-dry / dry acid gas removal activated carbon adsorption fabric treatment system + nanofiltration (NF) membrane + reverse osmosis (RO) membrane" process to address

filter Selective Catalytic Reduction (SCR) denitrification wet acid gas removal Continuous Emissions Monitoring System the challenges of high salinity and difficult biodegradation. The treated effluent meets the most stringent

(CEMS) etc. standard (GB 16889-2024) before discharge to the sewer network.

Treatment methods:

A comprehensive flue gas treatment process is applied subjecting incineration flue gas to multi-stage treatment to ensure

that particulate matter acid gases nitrogen oxides dioxins and heavy metals all achieve compliant discharge standards.All discharge outlets are monitored in accordance with applicable standards and data is uploaded in real time to the public

automated monitoring data platform for MSW incineration power generation facilities subject to public oversight.Metrics and Targets

The Company upholds compliance as its baseline continuously strengthens environmental management across all business

segments and drives ongoing improvement in environmental performance. On the basis of strict regulatory compliance the

Company actively responds to emission reduction requirements and has established clearly defined quantitative targets:

Waste gas treatment facility Waste gas collection rate for

deployment rate each production installation

Waste gas treatment facility 100% Compliant monitoring rate for operational integrity rate organised discharge outletsWEIMING

54 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 55

Case Yongkang Power Plant – Leachate Treatment

Applying a proprietary high-ammonia-nitrogen and heavy-metal wastewater treatment technology developed

in-house combined with the Disc Tube Reverse Osmosis (DTRO) process the project effectively addresses the Circular Economy

treatment challenges of high-ammonia-nitrogen and heavy-metal leachate from the waste landfill.The Company strictly complies with the Law of the People's Republic of China on the Promotion of Circular Economy and

treats the "harmless disposal waste reduction and resource recovery" of municipal solid waste (MSW) as the core practice

of its circular economy activities. All new construction renovation and expansion projects strictly comply with the control

targets applicable to major pollutant emissions construction land use and total water consumption within the relevant

administrative regions ensuring that business expansion is coordinated with the environmental carrying capacity of the

region. At the same time drawing on its professional technical expertise the Company continuously optimises resource

utilisation efficiency systematically advances waste recovery and reuse and minimises environmental and social impacts to

the greatest extent practicable.During the Reporting Period the Company's waste treatment business maintained steady growth. Its controlled projects

recorded cumulative waste intake of 14.1321 million tonnes (of which municipal solid waste intake reached 13.4462 million

tonnes) representing a year-on-year increase of 6.83%; grid-connected electricity generation reached 3.795 billion kWh a

year-on-year increase of 4.87%. In terms of project retrofitting and energy efficiency improvement the Yongqiang Project's

intelligent retrofitting initiative for the bottom ash resource utilisation pre-treatment line has been commissioned and is in

operation; the Linjiang Project Phase II successfully achieved external steam supply further enhancing the resource recovery

processing capacity and synergy benefits of the environmental protection projects.Case Linjiang Yongfeng Ningjin and Other Power Plants – Leachate Treatment and Recycling

At WtE incineration projects including the Linjiang Power Plant Yongfeng Power Plant and Ningjin Power

Plant Weiming Environment Protection has constructed leachate treatment facilities to classify and collect

leachate domestic sewage initial rainwater and other effluents for separate treatment. The quality of treated

effluent consistently meets the Standard for Water Quality of Urban Wastewater Recycling – Industrial Water

and all treated water is reused for plant greening road spraying and industrial cooling achieving zero liquid

discharge (ZLD).Environmental benefits: Fresh water resources are conserved the risk of leachate discharge is eliminated

and the aquatic ecological environment is protected. Energy consumption is also reduced through recycling

contributing to coordinated carbon emission reductions. These projects provide a replicable model for closed-

loop water resource management applicable to the development of "Zero-Waste City" initiatives.WEIMING

56 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Environmental Stewardship – Leading the Green and Low-Carbon Transition 57

Biodiversity

Biodiversity Risk Assessment and Response

Weiming Environment Protection places great importance on addressing the challenges arising from ecosystem degradation

and biodiversity loss actively conducting risk identification assessment control and disclosure activities and continuously

strengthening its capacity to respond to nature-related risks and build resilience. In the risk identification process drawing on

desk research the Company conducted questionnaire surveys of its principal manufacturing bases for the first time to identify

risk factors that may be present in the vicinity of operational sites.Through questionnaire analysis in conjunction with the latest trends and relevant literature the Company compiled and

reviewed a register of nature-related risks formulated management strategies and submitted these for review by the Strategy

and ESG Committee of the Board of Directors. In parallel the Company is progressively exploring the integration of nature-

related risks into its overall risk management process and further extending this work into value chain risk management

activities.Industry Contribution to Biodiversity

Weiming Environment Protection has long conducted environmental education and public outreach activities as an important

component of its fulfilment of social responsibility. Several of the Company's projects including Linjiang Phase II Yongqiang

Phase II and Jiashan Phase I have been designated as open environmental facilities. These projects regularly conduct

environmental open-day activities providing local residents and students with a platform for learning about environmental

protection leveraging the Company's professional expertise and facility resources to develop distinctive environmental

education bases and continuing to disseminate environmental protection principles and raise public awareness of and

participation in environmental protection.Green Production and Consumption: Promoting Resource

Conservation and Environmental Protection

Weiming Environment Protection actively promotes green production and consumption models. The Company's

environmental protection projects have passed mandatory cleaner production audits. The Company's production and

office buildings prioritise the use of green products including energy-saving appliances high-efficiency lighting products

water-saving fixtures and green building materials. The Company promotes the formation of resource-conserving and

environmentally sound modes of production and daily life reducing the negative impacts on the ecological environment and

advancing the coordinated development of the economy and the environment.Ecological Protection and Restoration: Active Participation in

Ecological Projects and Ecosystem Restoration

The Company actively participates in community tree-planting water resource protection and other environmental public

welfare activities and continues to advance the restoration of damaged ecosystems contributing to improvements in regional

ecological environment quality. For example the tree-planting activities organised by the Kunshan Power Plant in observance

of Arbor Day not only enhanced the local environment but also strengthened team collaboration and environmental

awareness. Such actions contribute to the protection and restoration of biodiversity providing better habitats and breeding

environments for various species.WEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

04

Collaboration and

Co-creation: Achieving

Shared Industry Success

★ Product Quality and Safety * Responsible Marketing

★ Customer Service Management * Data Security and Customer

★ Innovation-Driven Development Privacy Protection

* Intellectual Property Protection * Supply Chain SecurityWEIMING

60 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 61

Management of Impacts Risks and Opportunities

★ Product Quality and Safety The Company implements quality and safety management across the full product life cycle simultaneously reviewing

management impacts identifying core risks and identifying development opportunities forming a complete management

Product quality and safety are the cornerstone of the Company's survival and development and a critical embodiment of its closed loop.commitment to ESG principles and the fulfilment of its social responsibilities. The Company consistently upholds the guiding * Full-Process Quality and Safety Management

principle of "quality first safety paramount" embedding quality and safety management throughout the full life cycle of The procurement department has established clear supplier selection criteria conducts regular supplier

product research and development manufacturing delivery and operations and maintenance. Compliance requirements are quality assessments and strictly controls the procurement of raw materials and purchased components

strictly implemented to ensure stable product quality controllable operational safety and the protection of client rights and ensuring stable product quality at source. For core raw materials used in new energy materials and

interests employee safety and the ecological environment. Procurement environmental protection equipment additional specialist screening and inspection mechanisms have

been established to ensure that raw materials meet production requirements and client specifications.Governance

Weiming Environment Protection regards product quality and safety as the lifeline of its development and upholds the Source Control Establishing a Sound Quality Foundation

principle of "precision and excellence safety above all." In compliance with the Product Quality Law of the People's Republic

In-Process Management Ensuring Product Compliance

of China the Law of the People's Republic of China on Work Safety and other applicable laws and regulations the Company

incorporates product quality and safety management into its ESG governance framework establishes quality management The manufacturing department conducts incoming inspections of all materials including raw materials

and safety assurance systems defines departmental responsibilities and maintains a clear accountable and collaborative purchased components sub-contracted components and auxiliary materials and produces strictly

mechanism to ensure safe and reliable products from research and development to delivery. according to design drawings and operating procedures bearing responsibility for process quality. It works Manufacturing

with the technical department on quality inspections strengthens standardised site management refines

The Company has formulated quality management policies that define product standards and control processes established procedures and rectifies quality and safety hazards to ensure outgoing products meet standards.a continuous improvement mechanism regularly analyses quality issues tracks corrective measures and provides The Company has established an ISO 9001-certified quality assurance system while the Weiming Inspection

installation commissioning operations and maintenance support and technical assistance through professional after-sales and Testing Centre uses advanced instruments to test dimensions raw material composition and

services ensuring long-term safe efficient and stable project operation. mechanical properties supporting high-end equipment manufacturing.Strategy

Standards-Led Strengthening Technical Support

The Company adheres to the principles of "precision and excellence safety above all" aligns product quality and safety with

core business activities and aims to provide clients with high-quality environmental protection products and services. It

Technology As the department responsible for quality oversight the technical department of the Equipment Group

complies with applicable laws regulations and industry standards implements full-process quality and safety management leads the establishment of the product quality management system formulates inspection methods

and balances product compliance stability and client requirements. standards and processes and conducts final factory inspections to ensure compliance with national

and industry standards. It also leads product design and development embeds quality and safety

Strategic priorities include strengthening quality management improving safety assurance optimising improvement principles at the design stage and provides full-cycle technical support to resolve production issues and

mechanisms enhancing after-sales services safeguarding market reputation and supporting sustainable development in line safeguard product quality.with the Company's action plan of "enhancing quality improving efficiency and delivering returns."

Case

Equipment Group Conducts Dedicated Training to Strengthen Quality Management Capabilities

Short-term objectives In November 2025 the Equipment Group invited a Zhejiang Keneng lecturer to deliver a 32-hour

dedicated training programme on core quality management tools for approximately 20 participants from

Continuously improve the first-time pass rate for core environmental the Quality Control Production Process and other departments. Centred on the principle of "prevention-

protection equipment products; ensure the safe and stable operation of first data-driven" the training covered the five major quality management tools and seven methods

operational projects; and continuously improve client quality satisfaction. focusing on Advanced Product Quality Planning (APQP) risk management and tool interaction across the

product life cycle.Medium-to-long-term objectives

Through this training participants not only deepened their theoretical understanding but also gained

To become a quality and safety benchmark enterprise in the environmental a grasp of the logic for integrating these tools into day-to-day work laying a solid foundation for the

protection and new energy sectors with a globally recognised level of excellence Company's transition in quality management from "reactive firefighting" to "proactive prevention."

achieving a position of leadership in product quality and safety management

standards through technological innovation and management optimisation.WEIMING

62 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 63

Full-Cycle Follow-Through Safeguarding Client Rights and Interests Strategy

The Company adheres to a client-centred service philosophy optimising its service strategy in line with business development

A full-process management mechanism for product delivery has been established with clearly defined

needs closely aligning customer service with core business activities and providing professional services across the full life

delivery standards and acceptance processes. A specialist team is assigned to oversee product installation

Delivery and cycle of environmental protection projects.Operations & and commissioning ensuring that delivered products meet client requirements. Drawing on a professional

Maintenance after-sales service team the Company provides clients with routine equipment inspections maintenance The service strategy focuses on four core directions: compliant project delivery ensuring stable operations through services

and fault-handling services ensuring the long-term stable operation of projects. aligned with contractual terms and environmental standards; equipment delivery assurance providing full-process technical

* Quality and Safety Impacts support for environmental protection equipment clients; government–enterprise communication and coordination aligning

with regulatory and enterprise client needs to build sound collaboration; and overseas localisation services adapting to local

Full-process quality and safety management generates positive impacts across multiple dimensions: for clients it ensures laws and cultures to enhance overseas client experience.stable product quality and safe use enhancing client satisfaction and partnership retention; for the Company it strengthens

brand reputation reduces quality and safety risks and enhances market competitiveness; for the industry it upholds With high-quality service at its core the Company refines its service system and processes improves professional capabilities

the principles of high-quality development and drives improvements in product quality and safety standards across the addresses client needs in environmental compliance product quality and technical support strengthens government–

environmental protection sector. enterprise collaboration and industry partnership optimises regional service resources innovates service models maintains

client relationships enhances market reputation advances business expansion and sustainable development and supports

A robust quality and safety management system creates development opportunities for the Company: continuously optimising its transition towards an international green technology services provider in line with the Company's action plan of "enhancing

management processes and technical standards enhances the core competitiveness of products and expands domestic and quality improving efficiency and delivering returns."

international markets; reinforcing quality and safety reputation deepens long-term partnerships with core clients and drives

sustained business growth; and consolidating management experience into a replicable quality and safety management Management of Impacts Risks and Opportunities

model supports the Company's international development.The Company conducts customer service activities across four core dimensions to ensure service quality and client

satisfaction.★ Customer Service Management * Compliant Project Delivery

The Company has built a full-process project delivery service framework covering solid waste treatment environmental

protection equipment and new energy materials. It defines delivery standards processes and responsibilities focusing on pre-

Customer service management is an important pillar of the Company's sustainable development bearing on market

sales requirement alignment in-project advancement and post-sales operations and maintenance support forming a closed

reputation and business expansion while also contributing to the protection of client rights and interests and the development

loop of "requirement identification – solution formulation – project implementation – O&M support" to ensure compliant

of a healthy industry ecosystem. Drawing on its three core business areas the Company continuously optimises service

delivery and meet clients' core requirements. Delivery processes are optimised for government industry partner and overseas

processes strengthens service capabilities focuses on clients' core requirements implements full-process services and

projects. In 2025 no material client complaints or delivery defaults occurred; the project delivery compliance rate reached

advances the coordinated development of the enterprise its clients and society.

100%; client satisfaction remained high; multiple cooperation projects were signed; and the Company's regional market

Governance position was consolidated.The Company has incorporated customer service management into its ESG governance framework established a Case Weiming Environment Protection Provides Full-Process In-Project Delivery Services for the Longwan

comprehensive customer service management structure clearly defined service responsibilities at each level and formed a District Kitchen Waste Treatment Project Wenzhou

customer service management mechanism with clear accountability and efficient collaboration.。

In November 2025 the Equipment Group's Longwan Project

The Company has defined the core directions and development plans for customer service management. Each business team provided full-process in-project delivery services for the

segment fulfils its customer service and project delivery obligations ensuring comprehensive service coverage traceable Longwan District Kitchen Waste Treatment Project in Wenzhou a

accountability and orderly progress in customer service activities. core support project for the city's closed-loop waste classification

management. The team completed commissioning and

The Company has established a routine customer service communication and collaboration mechanism coordinating environmental compliance testing under contractual terms

internal resources across technology operations and maintenance and project management to form a fully closed-loop applied the "pretreatment + anaerobic digestion + resource

management process of "receive client request – internally coordinate and allocate resources – assign dedicated personnel for utilisation" process reported regularly to the owner and Housing

implementation – provide feedback and follow up with client" ensuring that client requests are transmitted in a standardised Authority supported acceptance preparations achieved

manner and addressed efficiently. In addition the customer service management mechanism has been refined with clearly successful trial operation met client and regulatory requirements

defined service processes response standards and service quality requirements for each step and diverse client service and gained recognition from the Wenzhou Municipal Housing

channels established — including on-site service written communications online coordination and dedicated account and Urban-Rural Development Authority.management — to provide clients with convenient and efficient service support. Client feedback and resolution mechanisms

are strictly implemented to ensure that all client enquiries suggestions and requests receive timely and professional

responses and resolution safeguarding clients' legal rights and interests.WEIMING

64 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 65

* Service Model Innovation * Efficient Client Response

The Company has optimised its customer service resource allocation coordinating internal resources across technology The Company has established a diversified client communication mechanism maintaining efficient communication with

operations and maintenance and project management to establish a regional service resource coordination mechanism government regulatory bodies project owners and industry partners through a variety of channels including on-site

that both meets the service requirements of multiple domestic regions and overseas projects and improves regional service coordination dedicated seminars written correspondence and online meetings accurately aligning with client requirements

response efficiency and resource utilisation. Drawing on its core business advantages the Company drives innovation in and concerns. A closed-loop resolution mechanism of "receive client request – classify and register – assign dedicated

customer service models expands into new scenarios such as comprehensive energy services and provides clients with personnel for handling – follow up with results" has been established ensuring that all client enquiries suggestions and

tailored and diversified service solutions breaking through the boundaries of conventional services enhancing customer rectification requirements receive timely and professional responses and resolution maintaining client trust and building

service value and advancing the Company's diversified business development. The successful launch of the innovative mobile sound government-enterprise and client partnership relationships with continued improvement in client communication

steam supply service model has effectively addressed clients' clean energy needs gained recognition from enterprise clients efficiency. In 2025 all client requests were responded to promptly and resolved through the closed-loop mechanism.and environmental protection authorities and further strengthened the Company's market competitiveness.Case Weiming Environment Protection Fengxin Power Plant – Government-Enterprise Coordination for Efficient Response to Regulatory Requests Closed-Loop Rectification to Enhance Compliance Standards

Case Launch of the Linjiang Mobile Steam Supply Project of Weiming Environment Protection – Deepening Long-Term Client Partnerships

In March 2025 the Ecology and Environment Bureau of Fengxin County Yichun City Jiangxi Province

In December 2025 the Company's Linjiang mobile steam supply project was formally commissioned. The conducted a face-to-face enterprise assistance activity — "Us and Enterprises Together" — carrying out

dedicated service team conducted thorough pre-sales surveys of enterprise clients' energy use scenarios in a full-process diagnostic review of the pollution prevention and control facilities and environmental risk

the vicinity of the project precisely aligned with client requirements and provided a tailored mobile steam control measures of Fengxin Weiming Environmental Energy Co. Ltd. and putting forward rectification

supply solution to address the clean energy challenges arising from pipeline network non-coverage and recommendations. The Company's project team promptly received the regulatory body's requests classified

environmental compliance needs. During the in-project phase the project was brought to commissioning and registered them and assigned dedicated personnel to manage the rectification. In parallel the team

and a "heat express" delivery network was established providing clients with full-process services including liaised with the regulatory body on environmental policy learning and completed improvements to the

steam delivery and energy consultation ensuring stable supply and effectively resolving clients' clean energy environmental management records. Throughout the process rectification progress was reported to the

challenges. The project gained recognition from enterprise clients and environmental protection authorities regulatory body and the project owner. All rectification measures were strictly implemented in accordance

successfully expanded into a new comprehensive energy service scenario and deepened long-term with requirements and all tasks were completed on schedule enhancing the project's compliance operating

partnerships with clients. standards. The outcome was recognised by the local ecology and environment authority and the project

owner achieving closed-loop resolution of client and regulatory requests.* Team Capability Development

The Company has established a tiered and categorised service team capability development system conducting dedicated

training and capability enhancement activities to strengthen the professional competence and service awareness of the

service team. Service team configurations have been optimised and an overseas localisation service team has been formed

to meet overseas project service requirements providing strong talent support for the high-quality delivery of client

services with overseas localisation service capabilities continuously optimised to ensure the smooth operation of overseas

projects.WEIMING

66 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 67

Strategy

★ Innovation-Driven Development The Company has positioned innovation-driven development as its core development strategy guided by the orientation of

"focusing on core technologies breaking through key bottlenecks and driving the conversion of outcomes" and has defined

four innovation directions balancing technological advancement industry applicability and social value supporting the

Innovation is the core engine driving Weiming Environment Protection's commitment to sustainable development and Company's transition from "environmental protection equipment" to "core industrial equipment" and the expansion from its

the critical support for advancing the Company's high-quality development and cultivating new quality productive forces core environmental protection business into the new energy materials sector.— serving both the Company's internal development needs of enhancing core competitiveness and sustaining business

expansion and its broader purpose of driving the upgrading of the environmental protection industry and contributing to Core directions of the innovation strategy

the achievement of the "Dual Carbon" targets through technological innovation balancing enterprise development with the * Solid Waste Treatment Technology Innovation optimise waste incineration organic waste sludge drying and

creation of social value. In 2025 the Company deepened its integration of the overall strategy of "dual-engine development leachate treatment to improve efficiency resource recovery and power generation per tonne via retrofitting and

in solid waste treatment and new energy materials" focusing on the core directions of "low-carbon intelligent and digital operations.resource-oriented" continuously increasing research and development investment deepening industry-university-research * Environmental Protection Equipment Innovation upgrade incinerators and flue gas treatment systems and

collaboration and accelerating the conversion of research outcomes driving full-chain technology upgrading across its three expand nickel metallurgy equipment R&D for internal supply and external sales.business segments and achieving coordinated economic environmental and social benefits. * New Energy Materials Technology Innovation advance laterite nickel smelting and lithium battery materials

strengthening the integrated "nickel ore – matte/intermediates – electrolytic nickel/battery materials" chain.Governance * Operational Model Innovation use digital technologies to optimise project management develop "green power +

The Company has established a three-tier innovation governance framework of "decision-making – management – execution" computing power" and unlock value from existing projects.defining innovation responsibilities at each level and forming an accountable collaborative mechanism to ensure orderly

progress. As the core decision-making body for research and development and innovation the Technology Committee Pathways for implementing the innovation strategy

decides on major matters including overall planning R&D directions major science and technology projects major technology

and equipment acquisitions and project initiation and budget approval for Company-level R&D projects while guiding and * Increase R&D investment to strengthen funding support.overseeing R&D and innovation management across group companies. Technical management departments of each group * Build a high-calibre R&D team to reinforce talent support.company organise coordinate guide and oversee R&D and innovation development plans annual implementation plans * Deepen industry-university-research collaboration to integrate external innovation resources.group-level innovation projects and the promotion and application of outcomes. Subsidiaries implement their respective R&D * Establish an "R&D – conversion – application – iteration" closed loop to accelerate innovation conversion and

and innovation projects establish project initiation approval processes and outcome registration records and submit them to support the global low-carbon transition.the relevant group technical management departments for centralised management. * Expand innovation businesses through AI cooperation with Longwan District Wenzhou and China Mobile

Zhejiang (Wenzhou Branch) exploring intelligent computing centres at WtE projects.The Company has formulated and strictly enforces its Research and Development and Innovation Management Measures

systematically regulating the standards for project initiation research and development processes outcome assessment

and incentive mechanisms. A multi-dimensional performance evaluation system has been established incorporating Management of Impacts Risks and Opportunities

the research outcome conversion rate and the degree of contribution to technological innovation into core assessments The Company rigorously implements its innovation strategy focusing on the four core areas of solid waste treatment

providing dedicated awards to teams and individuals who achieve material technological breakthroughs and offering clear technology core environmental protection equipment new energy materials and intelligent operations to conduct

career development pathways and systematic training to stimulate innovation across all employees. In addition an industry- innovation activities drive the practical application of innovation outcomes enhance core competitiveness and contribute to

university-research collaboration platform has been built with core technology research and development conducted jointly industry technology upgrading and the achievement of the "Dual Carbon" targets.with universities and scientific research institutes to strengthen innovation support capabilities.* Solid Waste Treatment Technology Innovation

The Environment Protection Group has established a Technology Research Institute to assist the power plants under its

management in reviewing major maintenance and retrofitting plans conducting dedicated technical training analysing and The company focuses on core areas such as municipal solid waste incineration organic waste treatment sludge drying and

summarising issues affecting the economic performance of power plants and working with the Equipment Group on design leachate treatment continuously advancing technological optimization and innovation to elevate solid waste management

improvements to relevant equipment and urging power plants to optimise the implementation of retrofitting measures. The toward "high efficiency environmental sustainability and resource recovery." It has optimized incinerator combustion

Equipment Group has simultaneously advanced management system innovation advancing the development of information technology to address the characteristics of domestic municipal solid waste—high moisture content and low calorific

systems for procurement and project management to improve internal management collaboration efficiency; and has value—thereby enhancing incineration efficiency; upgraded advanced leachate treatment processes to ensure compliant

refined the dynamic management of its qualified supplier database carrying out optimisation and updates for more than emissions and water resource recycling; and implemented energy-saving upgrades for sludge drying technologies to reduce

1000 qualified suppliers and approximately 300 temporary suppliers strengthening supply chain support capability through energy consumption while improving resource utilization rates. The Environmental Protection Group's Technology Research

domestic substitution and centralised price negotiation. Institute oversees technical renovation management reviews major overhaul and upgrade plans for power plants provides

technical training collaborates with the Equipment Group to improve equipment addressing economic efficiency concerns

and ensures the effective implementation of optimizations thereby continuously enhancing operational efficiency and

economic performance.WEIMING

68 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 69

Case The Growth Breakthrough and Technological Innovation of China's WtE Incineration Industry – A During the Reporting Period

Weiming Perspective

In July 2025 the 11th Symposium on MSW Incineration Treatment Technology and Equipment and the 1st All core technologies are fully owned with independentintellectual

ISWA Waste-to-Energy Conference (China) were held in Xi'an. Under the theme of "Global Development property rights significantly enhancing equipment performance

and Challenges in MSW Incineration" the conference brought together participants to explore innovative 130million RMB 424 manufacturing efficiencyandcustomized service capabilities. The

achievements and practical experience in the WtE incineration sector establishing a platform for 750-ton/day wide-rangecalorific value incinerator grate has been

communication and collaboration for practitioners in the domestic and international MSW incineration R&D Expenses Invested Invention Patent selected as ZhejiangProvince's first complete unit equipment

treatment and waste-to-energy sectors and effectively promoting the sharing of advanced technical demonstratingleading innovation capability.experience and the deepening of collaboration.。

Vice President Cheng Wuliang of Weiming Environment Protection introduced the Company's more than

20 years of accumulated depth and core capabilities in technology research and development precision Case Weiming Yongqiang WtE Project – AI-Powered Crane Robot Applied to On-Site Scenarios

operations and equipment manufacturing and reviewed the Company's journey alongside China's WtE

incineration industry — from its early stages to a position of strength moving from following to progressively The AI-powered crane robot has progressively learned on-site scenario applications and has successfully

taking a leading role in the industry. Weiming Environment Protection will continue to respond actively to the achieved AI-enabled autonomous grasping and feeding operations. The robot continues to learn other on-site

Belt and Road Initiative (BRI) bringing China's advanced WtE incineration technology mature operational scenario applications with the ultimate aim of achieving fully AI-enabled autonomous intelligent operations of

management experience and rigorous environmental standards to international markets. the waste crane.Drawing on its outstanding technical innovation and equipment research and development capabilities the Equipment

Group was recognised as a "Specialized Sophisticated Distinctive and Novel" (SSDN) "Little Giant" enterprise by the Ministry

of Industry and Information Technology a National High-Tech Enterprise and a Provincial Enterprise Technology Centre;

three major science and technology projects under the Wenzhou Key Industrial Chain Innovation Alliance were approved; the

Equipment Group was consecutively included in the Zhejiang Province Top 500 High-Tech Enterprises by Innovation Capability

for 2024 and 2025; and in 2026 was listed as a shortlisted entity for the national major environmental protection technology

and equipment innovation task for "single-unit dual-tower / single-unit multi-tower coordinated operation devices" under the

"take-the-flag" initiative continuously consolidating its authoritative position in the industry.* New Energy Materials Technology Innovation

Drawing on its R&D strengths the Company has accelerated its new energy materials business focusing on laterite nickel

ore smelting and lithium battery cathode materials overcoming process bottlenecks and advancing commercialisation. The

Indonesia Jiaman Matte Nickel Project progressed steadily and the domestic electrolytic nickel project was commissioned

improving the industry chain. The Company optimises lithium battery new materials synthesis to enhance competitiveness.As at the end of the Reporting Period 16 subsidiaries were recognised as National High-Tech Enterprises across

environmental governance high-end equipment manufacturing and new energy materials demonstrating technology-

driven innovation and sustainable development momentum.* Core Environmental Protection Equipment and Other Equipment: Intelligent Innovation

Guided by "intelligence efficiency and green development" the Company advances iterative R&D of environmental Case Weiming Shengqing Recognised as National High-Tech Enterprise

protection and core industrial equipment. It has developed intelligent control systems for MSW incineration furnaces to

In January 2026 Zhejiang Weiming Shengqing Energy New

enable real-time combustion monitoring and automatic adjustment optimised flue gas treatment systems to achieve

Materials Co. Ltd. was recognised as a National High-Tech

emissions exceeding EU standards and expanded nickel metallurgy equipment R&D to support projects such as the

Enterprise following Zhejiang certification authority review

Indonesia Jiaman Matte Nickel Project.reflecting national recognition of its core technologies proprietary

The Environmental Protection Division of the Equipment Group developed a sodium bicarbonate grinding mill optimised intellectual property and innovation conversion and bringing

the nickel-iron grinding mill designed diaphragm pump check valves slurry pumps and hard-seal ball valves advanced policy support and opportunities.agitator standardisation and built agitator and pump test platforms. The manufacturing side completed skills competitions

Weiming Environment Protection will continue innovation-led

established an inspection and testing centre and conducted training. The Materials Division developed a fully automated

development enhance competitiveness serve the national green

crane robot deployed the "Black Box" system at nearly 20 WtE plants in Zhejiang breaking a technical monopoly and

development strategy and contribute to industrial progress and

obtained type test certification for prefabricated substation equipment.ecological civilisation.WEIMING

70 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 71

* Digital Operations Upgrade

The Company drives the deep integration of digital and intelligent technologies with production and operations establishing Intellectual Property Protection

a digital operations management platform that integrates production operations and maintenance and environmental

monitoring data across projects enabling visualised and precision management. The Company has developed an intelligent

operations and maintenance system for WtE incineration projects achieving real-time monitoring of equipment operational In accordance with the Patent Law Copyright Law and Trademark Law of the People's Republic of China and other applicable

status fault early warning and remote operations and maintenance; is exploring the "green power + computing power" new laws and regulations the Company has established and continuously improves its intellectual property management system.operational model to develop value-added opportunities from green energy; and is optimising digital management of the It implements its Intellectual Property Management Measures optimises full-process management of patented technologies

supply chain to improve full-process efficiency. defines departmental responsibilities refines life-cycle management from R&D and patent application to outcome conversion

and applies tiered patent management to prioritise core technology protection.* Industry Enablement and Responsible Scientific Practice

Drawing on its advantages as a leading enterprise in the industry the Company actively participates in the setting · Intellectual Property Management Framework ·

of environmental protection industry standards driving industry technology upgrading through its own innovation * Organise the formulation of intellectual property-related policies

practices. Throughout the full process of research and development and innovation the Company consistently upholds

Legal Department * Provide guidance oversight and inspection of the Company's intellectual

scientific integrity and scientific ethics principles embedding the concept of responsible innovation throughout the full (Head Office) property activities

life cycle of technology research and development. The Company strictly complies with applicable national laws and * Maintain intellectual property archives and records

regulations and industry standards prioritises the use of clean production processes and renewable resources and has

established a rigorous ethics review mechanism ensuring that innovation development is organically integrated with green

environmental protection and social responsibility. * Organise the formulation of implementation guidelines for intellectual

property matters at subsidiaries

Designated Management Units * Provide guidance oversight and inspection of intellectual property activities

of Each Group Company

During the Reporting Period at subsidiaries

* Manage intellectual property archives of subsidiaries

* Report intellectual property activities to the Head Office Legal Department

the Company obtained two US patents for the first time. Since the Company's establishment no violations of

scientific integrity or ethics have occurred in any research and development or innovation activities achieving the

coordinated integration of environmental protection social progress and economic benefits.* Subsidiaries of each group company as the executing entities for intellectual

Subsidiaries of Each Group

Company property matters are responsible for the development application

registration and filing of intellectual property

Case On 28 May 2025 the Company successfully held the "Environmental Protection Industry Innovation and High-

Quality Development Conference" in Wenzhou further promoting industry technical exchange and innovation

The Company has integrated the intellectual property principles of "respecting innovation and achieving shared success"

collaboration.into its day-to-day operations established an intellectual property risk early warning mechanism and conducts employee

intellectual property training. These measures not only effectively protect the Company's own innovation outcomes but also

play a positive role in safeguarding a sound intellectual property ecosystem within the industry.· Intellectual Property Management Measures ·

Full life-cycle management

* The full-process management mechanism from technology research and development and patent

application through to outcome conversion is optimised; the responsibilities and authorities of each

department are clearly defined; a tiered patent management system is established; and priority

protection is applied to core technologies.Risk early warning and contract management

* An intellectual property risk early warning mechanism is established; intellectual property-related

contract management is strengthened; and confidentiality obligations intellectual property

ownership scope of licensed use and liability for infringement are clearly set out in cooperation

commissioned development and other contracts.WEIMING

72 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 73

Supplier management

* Suppliers are required to provide "intellectual property and confidentiality commitments for

transacted products" protecting the Company's innovation outcomes at source and safeguarding a Data Security and Customer Privacy Protection

sound intellectual property ecosystem within the industry.Governance Framework

* The Company has established a tiered information security governance framework: an information

System certification security management body composed of senior management has been established responsible

* The Equipment Group successfully passed the supervision and review of the intellectual property for strategic decision-making and oversight; an information security working group comprising

management system and has established a standardised management system in accordance with representatives from each group company and department has been formed responsible for specific

the Standard for Intellectual Property Management in Research Organizations (GB/T 29490-2013). execution and coordination; and accessible channels for reporting information security issues have

been established to ensure that all information security incidents are escalated through appropriate

channels within the specified timeframe. In addition the information security management

During the Reporting Period

responsibilities and implementation of each group company have been incorporated into the

performance appraisal framework and violations are penalised in accordance with the Employee Code

424 of Conduct of Weiming Environment Protection forming a closed-loop management mechanism.the Company held a cumulative total of patents and software copyrights Policy Development and Compliance Framework

* Weiming Environment Protection places great importance on data security and customer privacy

protection. In strict compliance with the Cybersecurity Law of the People's Republic of China the Data

Security Law of the People's Republic of China the Personal Information Protection Law of the People's

Republic of China and other applicable laws and regulations the Company has also formulated

290 60 74 internal policies including the Confidentiality Management System and the Information Security Management Measures upholding the principles of legality legitimacy and necessity to ensure that the

full process of information collection and use is secure and compliant. The Confidentiality Management

Utility model patents Invention patents Software copyrights System clearly sets out the scope of confidentiality confidentiality measures personnel requirements

and responsibilities and strictly requires that the collection storage processing disclosure and use of

Covering areas including boiler systems steam turbine systems automatic control systems flue gas purification resource the Company's and third parties' data and information are conducted in accordance with applicable

recovery and utilisation energy conservation and emission reduction and other fields. law.Implementation of Management Measures

* The Company actively implements management measures in accordance with its policies

constructing an information security protection system through the use of advanced technological

means strengthening employee education and training conducting confidentiality inspections and

Responsible Marketing entering into confidentiality agreements in the context of specific business activities providing robust

safeguards for the information security interests of clients employees and the Company.The Company strictly complies with the Advertising Law of the People's Republic of China the Copyright Law of the Data Compliance Management

People's Republic of China and other applicable laws and regulations. All promotional content is based on factual data; * In the course of its day-to-day operations the Company has business requirements involving the

the use of absolute or superlative claims is prohibited; and the consistency and accuracy of external communications are collection and processing of personal information of employees visitors and business partners

ensured. In addition a systematic external communications management framework has been established with structured encompassing scenarios including the collection and use of personal information cross-border

decomposition and classified management of the content communicated across different business areas and through a transfers and the introduction of third-party commissioned processing. The Company conducts

clear responsibility matrix and tiered approval process ensuring that all business departments complete the compilation its business in strict compliance with the Data Security Law of the People's Republic of China the

review and publication of content on schedule and preventing the unauthorised disclosure of information. The Company Personal Information Protection Law of the People's Republic of China the General Data Protection

has also established a spokesperson management mechanism with a designated list of spokespersons and clearly defined Regulation (GDPR) of the European Union and other applicable laws and regulations of the relevant

authorities and approval processes ensuring that spokespersons communicate externally strictly within the established scope jurisdictions.of content and responsibilities. During the Reporting Period no administrative penalties were incurred as a result of violations

of applicable laws and regulations relating to marketing information publication or labelling and the Company's public The Company conducts data compliance assessments in accordance with the requirements of

credibility and brand reputation continued to improve. applicable laws and regulations covering matters including but not limited to the external provision

of personal information and various systems and frameworks with the assessment dimensions

principally focused on the impact on the rights and interests of personal information subjects and

the adequacy of the security protection measures adopted.WEIMING

74 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 75

Supplier Information Security Management Supply Chain Security

* With the rapid development of its business the Company's information security management

boundary has extended to the upstream supply chain. The Company conducts regular supply chain

information security reviews covering areas including information security organisation and policies

personnel management physical security data security and information security incidents identifying Supply Chain Management Framework

information security risks and providing guidance to suppliers on rectification and improvement. The Company has established and continues to refine fair transparent and clearly accountable supply chain management

principles implementing full life-cycle selection and dynamic management of suppliers and contractors. At the admission

In addition the Company continuously conducts information security protection training for suppliers

stage primary focus is given to assessing their qualification compliance business integrity creditworthiness and ESG

providing information security-related training based on the Confidentiality Agreement and the

performance with preference given to partners whose values are closely aligned with those of the Company and who have a

Supplier Security and Confidentiality Notice and conducting assessments accordingly.commitment to sustainable development. In the course of the partnership supplier capabilities are enhanced and a resilient

efficient and responsible industry ecosystem is built through regular reviews performance assessments and risk screening.Information Security Culture Development

* Supplier Code of Conduct

* The Company builds an information security culture system with participation across all employees Through the Supplier Integrity and Clean Business Commitment Letter the Company systematically sets out the standards of

through the improvement of policies strengthening of implementation and innovation of conduct for suppliers in the economic environmental and social domains driving the sustainable development of the supply

mechanisms. In terms of policy development the Company requires employees in key positions chain:

to sign a Confidentiality Contract requires staff at engineer level and above to sign more rigorous

confidentiality agreements and through annual information security training and assessments Economic dimension

continuously strengthens employees' security awareness and protective capabilities. * Suppliers are required to uphold the principles of honest and ethical business conduct strictly

comply with applicable laws and regulations and business ethics and maintain fair market

* During the Reporting Period the Company continued to conduct information security training and competition contributing to the development of a healthy and transparent industry collaboration

examinations achieving a 100% coverage rate and examination pass rate for information security environment.positions effectively strengthening information security awareness across all employees. To

genuinely enhance risk prevention and control capabilities the Company organises company-wide Environmental dimension

phishing email tests on a monthly basis using practical drills to help employees identify and guard * Suppliers are guided to strengthen environmental management throughout their full operational

against potential threats. process promote clean production and pollution prevention optimise resource utilisation efficiency

and actively advance the green and low-carbon transition jointly building an environmentally

During the reporting period responsible supply chain.the Company conducted data compliance assessment training and thematic training on personal information

protection and other subjects for all employees and for personnel in specific positions. Social dimension

* Suppliers are required to comply with applicable labour laws and regulations protect employees'

legal rights and interests and occupational health and prohibit all forms of forced labour and

discrimination. Suppliers are also encouraged to actively fulfil their social responsibilities engage

in community welfare and social contribution activities and achieve a coordinated enhancement of

commercial and social value.All suppliers when conducting business with the Company or participating in related activities must strictly comply with

the terms of the commitment letter and the Company's supply chain management requirements jointly contributing to the

Company's sustainable development and to harmonious social and environmental progress.Supply Chain ESG Full Life-Cycle Management and Continuous

Improvement

Weiming Environment Protection has deeply integrated ESG principles into the full-process management of its supply chain.Through full life-cycle admission screening dynamic monitoring and an exit mechanism the Company works with its

suppliers to enhance the sustainability and resilience of the supply chain contributing to environmental protection social

progress and economic sustainable development.WEIMING

76 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Collaboration and Co-creation: Achieving Shared Industry Success 77

Admission Establishing a Sound ESG Admission Gateway

Management Supplier Capability

Advancing Supplier Sustainable Development

Enhancement

At the supplier admission stage the Company implements rigorous ESG admission standards

The Company has formulated a comprehensive supplier assessment mechanism and management

to ensure that new partners demonstrate sound performance in environmental social and system conducting training activities on a periodic basis encouraging and supporting suppliers

governance dimensions. The Company has formulated and implemented its Procurement in improving their management standards and performance in areas including labour rights

Management System systematically conducting credit reviews environmental compliance environmental protection health and safety and business ethics and enhancing their sustainable

assessments and ESG evaluations in the tendering process and carrying out comprehensive development capability. The Company plans to convene supplier conferences and invite experts

and rigorous qualification reviews of all new suppliers. When entering into business contracts to share environmental social and governance requirements and the latest regulatory standards

suppliers are required to sign the Supplier Integrity and Clean Business Commitment Letter clearly ensuring that the supply chain meets international standards.establishing the integrity and clean business conduct standards to be observed during the course During the reporting period:

of the partnership ensuring that both parties maintain a high degree of alignment with sustainable

development principles. 6439 6297 142 100%

Total number of Number of suppliers Number of overseas Coverage rate of reviews

Dynamic suppliers in Mainland China suppliers of key suppliers

Monitoring Continuous Tracking of ESG Performance

During the supply chain review and monitoring phase the Company conducts regular ESG

performance reviews and monitoring of principal suppliers in accordance with established high

standards and rigorous processes ensuring their continued compliance with the Company's Conflict Minerals Management: Delivering on the Commitment

requirements. Drawing on a risk analysis matrix the Company carries out targeted document to Responsible Procurement

assessments and routine reviews to examine suppliers' actual performance in areas including

environmental compliance protection of employees' basic rights and interests and standards Against the backdrop of an increasing global focus on sustainable development in business environments Weiming

of business ethics conduct. For issues identified in the course of reviews the Company requires Environment Protection places great importance on the seriousness of the conflict minerals issue and its potential social

suppliers to formulate improvement plans carry out timely rectification and enhance their ESG economic and environmental impacts. The Company places great importance on the sustainable development of its

performance. Through continuous tracking and improvement mechanisms the Company not supply chain strictly complies with applicable international and domestic laws and regulations — including the OECD Due

only drives suppliers to improve their sustainable development capabilities but also promotes Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the Guidelines

continuous enhancement of the sustainability and resilience of the entire supply chain achieving for Responsible Mineral Supply Chains in China — and is committed to maintaining the transparency and compliance of the

shared growth and progress with supply chain partners. mineral supply chain. The Company will progressively improve its conflict minerals management policies and due diligence

mechanisms advancing responsible procurement of mineral resources. Through investigating supplier documentation

Exit Maintaining Overall Supply Chain Qualityw regarding the origins of relevant minerals the Company enhances supply chain transparency ensures that mineral sources are Mechanism lawful and compliant and pledges not to procure or use conflict minerals contributing to the sustainable development of the

The Company has established a clear supplier exit mechanism to maintain the overall quality industry.and sustainability of the supply chain. Where a supplier's ESG performance persistently fails to

meet the Company's requirements or where material violations are identified the Company

will in accordance with the relevant policies decisively activate the supplier exit mechanism

and terminate its business relationship with that supplier. Through a rigorous exit mechanism

Weiming Environment Protection ensures that every partner in the supply chain adheres to high-

quality ESG standards working together to continuously improve the overall performance and

sustainable development level of the supply chain setting a standard for the industry's sustainable

development.Complaints and

Reporting Open Channels for Stakeholder Oversight

Where stakeholders identify any supplier conduct in violation of the Supplier Integrity and Clean

Business Commitment Letter reports may be submitted through the following channels. In 2025 no

reports of violations of the Supplier Integrity and Clean Business Commitment Letter were received.Telephone：0577-58885652

Email：weiming_zhuangbei@163.comWEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

05

Creating Value and

Contributing to Society

* Rural Revitalisation

* Social ContributionWEIMING

80 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Creating Value and Contributing to Society 81

Rural Revitalisation Social Contribution

Weiming Environment Protection actively responds to the national rural revitalisation strategy and drawing on its Over many years Weiming Environment Protection has maintained a sustained and deep commitment to the field of social

comprehensive advantages in capital technology and resources is deeply involved in rural economic development welfare. In strict accordance with applicable laws and regulations including the Charity Law of the People's Republic of China

improvement of the ecological environment and enhancement of people's wellbeing. To date the Company has carried out and the Law of the People's Republic of China on Donations for Public Welfare Undertakings the Company has formulated and

a series of public welfare projects — including poverty alleviation educational support care for the elderly and assistance for implemented governance measures such as the Donation Management Measures establishing a standardised systematic

those in hardship — in areas including Nanchong City in Sichuan Province the Aba Tibetan and Qiang Autonomous Prefecture and sustainable social contribution management framework.Chenzhou City in Hunan Province and Jinhua City and Wenzhou City in Zhejiang Province taking concrete action to promote Guided by the principle of contributing to society and creating shared value the Company integrates social responsibility

social harmony and making a positive contribution to rural revitalisation. into its business development practices through public welfare activities volunteer services and charitable donations across

multiple dimensions making sustained contributions to social development and demonstrating the Company's sense of

Anchoring the Direction for Rural Revitalisation responsibility and its value in this era through concrete action.The Company has embedded rural revitalisation into its CSR strategy leveraging industrial Yuhuan Power Plant Voluntary Blood Donation Activity

Strategic development and public welfare to address infrastructure ecological governance and Case Conveying the Warmth of Life Practising Social Responsibility

Guidance livelihood needs in less-developed areas. It advances sustainable rural growth through On New Year's Day 2025 the Yuhuan Power Plant organised a volunteer activity under the theme of "Warm

industrial presence job creation and public welfare initiatives. Blood in Winter for New Year's Day Voluntary Blood Donation to Welcome the New Year" taking concrete

action to practise corporate social responsibility. During the activity employees actively participated —

including a number of first-time blood donors — giving full expression to the Company's employees' spirit of

Activating the Endogenous Drivers of Rural Development

dedication and care for society.Leveraging its environmental protection expertise the Company has deployed rural projects

that upgrade local infrastructure develop green industries create jobs and boost economic The activity not only provided valuable support for medical blood supply but also promoted the volunteer

Industrial

vitality. Through technology transfer and knowledge sharing it also helps rural areas build spirit of "humanity love and dedication" within the enterprise guiding employees to integrate social

Enablement

green low-carbon development models fostering a virtuous cycle of ecological protection responsibility into their day-to-day actions and turning everyday acts of goodwill into practical support for

and economic growth. social progress demonstrating Weiming Environment Protection's sense of responsibility and its commitment

to social welfare.Activating the Endogenous Drivers of Rural Development

The Company conducts diverse public welfare activities focusing on education healthcare

and elderly care. Through educational donations medical assistance and hardship relief

Public Welfare

it addresses the most pressing needs of rural residents. Through targeted aid and financial

Assistance

support it continues to back rural development demonstrating its social responsibility and

commitment.Case Weiming Environment Protection Conducts Charitable Public Welfare Activities in Wencheng Xikeng She Ethnic Township Wenzhou

In October 2025 Weiming Environment Protection participated for the Dongyang Power Plant Conducts Tree-Planting Activity on Arbor Day

Spring Brings Life – Planting Seeds of Hope

third consecutive year in the "Doing Good in Wenzhou" charity banquet

in Jianxialiao Village Wencheng County donating to local left-behind

children and disadvantaged university students under the theme On 12 March 2025 the Dongyang Power Plant organised all

"Caring for the She Ethnic Hometown." employees to conduct a tree-planting activity in the area

surrounding the plant. At the event employees proactively

The Company consistently integrates philanthropy into its sustainable adopted saplings and attached adoption placards

development focusing on education rural communities and hardship taking practical action to add greenery to the plant's

assistance to actively fulfill its social responsibilities and deepen surroundings. The activity not only enriched employees'

community engagement. Going forward Weiming Environment practical experience in environmental protection but also

Protection will continue upholding its philanthropic principles and contributed to the development of a "green power plant"

contributing to social development through responsibility and and a harmonious employee community.commitment.WEIMING

82 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Creating Value and Contributing to Society 83

Case "3·15" in Action: Wuyuan Power Plant Participates in Centralised Destruction of Counterfeit and Case Environmental Facility Public Open-Day Activity Held at Kaili Power Plant

Substandard Products

On 15 March 2025 the Wuyuan Power Plant cooperated with the County Tobacco Monopoly Bureau and Market In June 2025 at the "June 5th Environment Day" environmental facility public open-day activity organised

Supervision Administration to conduct centralised harmless disposal of over 10000 cartons of counterfeit by the Qiandongnan Prefecture Ecology and Environment Bureau the Kaili Power Plant welcomed more

cigarettes (valued at over RMB 1 million). The process strictly followed statutory procedures with full video than 70 environmental volunteers including teachers students and parents from Kaili City No. 4 Primary

documentation to ensure lawful compliant and thorough disposal. School. Under the guidance of explainers volunteers successively visited core areas of the plant including

the pollutant discharge public disclosure board the plant scale model the central control room the steam

The Plant consistently upholds its social responsibilities proactively cooperating with government authorities turbine generator the waste crane operating room and the wastewater treatment facilities gaining a close-up

in anti-counterfeiting and market order maintenance to safeguard consumer safety promote honest business understanding of the full process of municipal solid waste treatment.conduct and foster a secure market environment.Through on-site visits and professional explanations visitors gained an intuitive appreciation of the

environmental value and technological innovation of WtE incineration and a profound understanding of the

importance of resource recovery utilisation and harmless disposal of municipal solid waste. This open-day

activity further enhanced public awareness of and trust in environmental protection infrastructure effectively

disseminated ecological and environmental principles and contributed to the formation throughout society

of a positive atmosphere of understanding supporting and participating in environmental protection.Environmental Facility Public Open-Day Activity Held at Rui'an Power Plant

On 16 March the Rui'an Power Plant hosted the "Green Living Room Series – Inviting You to See Environmental

Protection" public open day with the Rui'an Environmental Volunteers Association to promote green and low-

carbon principles.Plant staff led visitors through key areas including the crane and central control rooms explaining the waste

treatment process core equipment operations and addressing public environmental concerns. Through

immersive observation visitors gained a comprehensive understanding of WtE incineration technology

and environmental outcomes experiencing first-hand the achievements of coordinated green energy and

ecological protection development.WEIMING Stock name: Weiming Environment Protection

ENVIRONMENT Stock code: 603568

06

People First: Building

a Fulfilling Workplace

* Employment and Diversity

★ Employee Rights and Benefits

★ Talent Development

★ Occupational Health and SafetyWEIMING

86 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 87

Employment and Diversity

Compliance and Sound Management Foundations

The Company enters into written labour contracts with all employees in accordance

with applicable law firmly opposes any form of discriminatory conduct prohibits the

Weiming Environment Protection upholds the core value of placing people first and integrates people-oriented principles into

employment of child labour prohibits forced labour and is committed to providing a fair

the full process of human resources management aiming to strengthen employees' sense of identification with and belonging

just and inclusive working environment for every employee. Through the regular conduct

to the Company and to enhance their loyalty advancing the joint development and growth of employees and the Company.of internal compliance reviews the lawfulness and standardisation of employment

The Company strictly complies with the Labour Law of the People's Republic of China the Labour Contract Law of the People's

management are continuously strengthened. During the Reporting Period no incidents

Republic of China the Social Insurance Law of the People's Republic of China and other applicable laws and regulations

of employee discrimination child labour employment forced labour or violations of

and proactively benchmarks against international initiatives and standards including the Universal Declaration of Human

applicable labour laws and regulations occurred.Rights the Core Conventions of the International Labour Organization and the United Nations Guiding Principles on Business

and Human Rights integrating advanced international principles into localised management practices and establishing a Awareness-Raising and Culture-Building

comprehensive labour rights protection framework.Through the regular conduct of diversity training and educational activities the

Company continuously enhances all employees' awareness and acceptance

Standardised Employment Management: of a diverse and inclusive culture. Equal communication and exchange among

Building a Solid Foundation for Rights Protection employees is encouraged a sound employee feedback mechanism is established

and employees are able to express their views and suggestions freely. The

Weiming Environment Protection has established comprehensive HR policies covering recruitment remuneration Company has also established independent anonymous feedback channels to

performance training attendance transfers and resignation to standardize operations and protect employee rights. The ensure that employees who experience discrimination or unfair treatment can

Group continuously refines HR management recently revising subsidiary HR systems to optimize authority allocation and raise concerns safely and conveniently.improve compliance across recruitment resignation transfers attendance training career development and benefits.Additionally the Equipment Group updated attendance and leave regulations with streamlined approval workflows and a

Continuous Improvement and Culture Embedding

digital system enhancing both management efficiency and employee convenience in line with its people-centred philosophy.The Company regularly conducts internal surveys and assessments reviewing the

implementation effectiveness of the diversity and inclusion culture. Based on survey

Fostering a Diverse Culture and Building an Inclusive results relevant management strategies are adjusted in a targeted manner ensuring

that the diversity and inclusion culture is deeply embedded in the Company's day-to-

Development Environment day operations. Through these measures the Company not only effectively improves

employees' satisfaction and loyalty but also strengthens the Company's overall cohesion

Weiming Environment Protection regards diversity and inclusion as an important cornerstone of corporate culture

and core competitiveness.development and is committed to creating an equal fair and discrimination-free working environment for employees and

fostering a corporate atmosphere of mutual respect openness and inclusion. Through the Employee Handbook the Company

has clearly stipulated that any form of discrimination or unfair treatment is strictly prohibited — covering but not limited to

gender ethnicity age religion belief and disability — and through institutionalised and ongoing management mechanisms · 2025 Employee Profile ·

ensures that the legal rights and interests of every employee are fully protected.Dimension Category Number of Dimension Category Number of Employees Employees

Female 671 Employees working in

Mainland China 3879

By gender By region

Male 3585 Employees in other

countries and regions 377

30 and below 1659 Master's degree and above 86

By

By age 31 to 50 2169 educational Bachelor's degree 1144

background

51 and above 428 Below bachelor's degree 3026WEIMING

88 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 89

The protection of employee rights and interests is regarded as the cornerstone of the

★ Employee Rights and Benefits Company's sustainable development. Through scientifically designed remuneration

Strategic

Positioning incentives comprehensive benefits protection diverse communication mechanisms

and genuine employee care the Company enhances employees' satisfaction sense of

Employees are central to Weiming Environment Protection's sustainable development. The Company consistently upholds belonging and loyalty and strengthens corporate cohesion and core competitiveness.the remuneration philosophy of "externally competitive and internally equitable" adheres to the core principle of placing

people first and strictly complies with the labour laws and regulations applicable in the jurisdictions in which it operates.The Company is committed to establishing a scientifically sound remuneration management system diverse and accessible

Centred on the core directions of "equitable incentives comprehensive protection diverse

communication mechanisms and a supportive workplace culture genuinely safeguarding employees' legal rights and

communication and genuine care" the Company continuously optimises its remuneration

interests fostering an open transparent and harmonious working atmosphere and advancing the shared development of

Development and benefits framework refines employee communication mechanisms and enriches

employees and the Company. Objectives employee care initiatives building an employee rights protection framework that is

competitive within the industry and achieving the coordinated enhancement of employee

Governance and corporate value.The Company has established an employee rights and benefits governance framework with clear accountability and efficient

operations providing robust institutional and organisational safeguards for the protection of employee rights and interests.Adhering to the principle of placing employees first the Company combines the protection

of employee rights and interests with employees' individual development encourages

Whole-Company

Participation employees to actively participate in enterprise management and decision-making

The Board of Directors and senior management place great importance on employee stimulates employees' intrinsic motivation and advances the joint development of

rights protection. The Human Resources Department is responsible for overseeing the employees and the Company.Organisational management of remuneration and benefits labour relations employee communication

Support and employee care with each business department cooperating in fulfilling its employee

rights protection responsibilities forming a governance structure of "group-level Management of Impacts Risks and Opportunities

coordination tiered responsibility and full participation." Through a scientifically designed remuneration and benefits framework diverse communication mechanisms and genuine

employee care practices the Company genuinely safeguards employees' legal rights and interests while converting

Institutional documents including the Remuneration Management System the Employee employee rights protection into the core driving force of the Company's sustainable development achieving the coordinated

Benefits Management Measures the Employee Appeals and Complaints Handling Measures enhancement of individual and corporate value.Institutional and the Employee Communication Management Regulations have been established and * Scientific Remuneration and Benefits Framework: Safeguarding Employee Value Returns

Framework continuously refined setting out the standards processes and responsibilities for the The Company has established a diversified remuneration and benefits structure of "fixed + variable + benefits" adhering to the

protection of employee rights and interests and ensuring that all activities operate in a principle of "standardised assessment and precise incentivisation" ensuring that employees receive returns commensurate

standardised and systematic manner. with their work contributions.Remuneration Structure

* Employee remuneration comprises base salary performance-based pay overtime pay bonuses and

The Company strictly complies with the Labour Law of the People's Republic of China

various benefits allowances. Through a a of annual assessments and day-to-day performance assessments

the Labour Contract Law of the People's Republic of China and other applicable laws and

Compliance the Company scientifically evaluates employee performance and distributes performance bonuses and

Management regulations standardising the management of labour contracts remuneration payment year-end bonuses based on assessment outcomes. The Company continuously optimises the salary

and social insurance contributions ensuring that the protection of employee rights and

adjustment mechanism providing multiple channels including salary adjustments upon level promotions

interests is lawful and compliant.salary adjustments upon academic qualification improvements and across-the-board salary adjustments

ensuring that remuneration allocation is closely linked to employee contributions.Incentive Mechanisms

Strategy * Innovative management models such as the employee partnership programme are implemented

encouraging employees to regard their work as their own career and to share in the profits and market

The Company has deeply integrated employee rights and benefits into its corporate sustainable development strategy

value returns generated by the Company's performance improvement. In addition through share incentive

establishing a "fairness incentive and care" integrated employee value framework centred on the protection of employee

schemes performance awards and other means employees' motivation and creativity are stimulated

rights and interests to support the Company's long-term stable development.advancing the Company's sustainable development.WEIMING

90 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 91

Benefits and Protection * Employee Care: Creating a Supportive Working Environment

* Mandatory social insurance and housing provident fund contributions (the "Five Social Insurances and One

Fund") are made in full in accordance with applicable laws — covering pension medical unemployment work The Company is committed to creating a working environment that supports employees' wellbeing enhancing employees'

injury and maternity social insurance and housing provident fund - with paid annual leave employee health sense of belonging satisfaction and identification with the Company through diverse care initiatives and cultural activities.check-ups holiday condolences group activities and birthday celebrations also provided. Additional benefits

include statutory public holidays and paid leave daily welfare (complimentary lunch and fruit traditional Day-to-Day Care

festival gifts or vouchers) and overseas project benefits (enhanced salary standards and relevant allowances * The Company pays attention to employees' physical and mental health and quality of life providing

travel allowances and overseas allowances). diverse day-to-day care services including festive activities (themed cultural activities for traditional

* Diverse Communication and Appeals Mechanisms: Listening to Employees and Safeguarding the festivals such as evening gatherings and Mid-Autumn Festival dinners along with festival gifts and

Expression of Concerns condolence payments) interest clubs (employee interest clubs for activities such as basketball

badminton and billiards along with team competitions) and health care (annual health check-ups

The Company listens to employees addresses employees' difficulties and fosters an open transparent and harmonious

psychological counselling services and health talks).working atmosphere through diverse communication channels and mechanisms.Case

Communications and Dissemination

* Company publications websites notice boards and other communications media are fully utilised to March Kunshan Power Plant "Women's Day" Care Activity

disseminate corporate culture and core values strengthening employees' sense of ownership and belonging. 2025

Each department has designated at least one correspondent responsible for collecting relevant information On 7 March 2025 during the period of International Women's Day (8 March) the Kunshan Power Plant

and publishing it through the Weiming Report and the OA office system promoting internal information organised a series of care activities for female employees with the aim of enriching their cultural life.sharing and exchange. Notice board content is also updated on a regular basis to ensure that employees are The Company presented female employees with thoughtful gifts and flowers organised group dining

kept promptly informed of important Company information and policies fostering a positive communications and exchanges and arranged a film screening enabling everyone to relax in a light and enjoyable

environment. atmosphere. The activity both strengthened a sense of occasion and enabled employees to genuinely

appreciate the supportive environment of the corporate community further enhancing employees'

Two-Way Communication sense of belonging and wellbeing.* Employee suggestion boxes are set up encouraging employees to put forward suggestions on matters

including management technical improvements daily life and logistics and recreational activities. The

Human Resources Department collects and addresses suggestions on a weekly basis and rewards constructive Pan'an Power Plant Spring Outdoor Activity

suggestions. A problem resolution mechanism has been established: employees encountering difficulties may

In order to enrich employees' leisure life and strengthen team cohesion from 22 to 23 March 2025 the

report these to their department heads; where issues cannot be resolved at that level employees may submit

Pan'an Power Plant organised employees to take part in a spring outdoor activity. The activity included

written reports to the President's Office for handling and may submit complaints regarding unjust treatment

collaborative games to promote integration between new and established employees and to strengthen

directly to the President's Mailbox. Regular employee satisfaction surveys are conducted to gather employees'

team rapport; activities to practise the "no-trace spring outing" concept including litter collection and

views on matters including the Company's management benefits and career development with results

waste classification conveying the Company's environmental principles; and a "plant exploration"

published and responded to continuously improving management practices.activity to deepen employees' awareness of ecological protection. The activity relieved employees' work

Face-to-Face Communication pressure genuinely enhanced employees' sense of belonging and team cohesion and demonstrated During the reporting period the Company's employee care principles.* Staff forums are convened on a regular basis

inviting employee representatives to engage in the Company collected and addressed more

face-to-face discussions and to share their views on than ten employee suggestions through such

the working environment career development and forums genuinely enhancing employees' sense

remuneration and benefits of participation and satisfaction.Appeals and Complaints

* Appeals and Complaints: Diverse complaint channels have been established including an anonymous hotline

an online feedback platform and a dedicated review committee enabling employees to safely report issues

related to employment remuneration rest and leave and occupational health and safety. Complaints must

be truthful with fabrication or malicious exaggeration strictly prohibited. The Human Resources Department

registers and reviews complaints assigns investigators to complete inquiries within 7 working days and

upon completion reports to senior management with handling recommendations providing feedback to

complainants and relevant departments. Named reports receive verified findings; anonymous reports are

followed up without direct response.WEIMING

92 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 93

Case June the Longnan Power Plant held its inaugural tug-of-war competition enriching employees' leisure life

April Weiming Shengqing held its inaugural employee basketball tournament using sporting competition to 2025 strengthening team cohesion and the spirit of collaboration and demonstrating employees' spirit of

2025 display employees' competitive spirit build a bridge for cross-department exchanges enrich employees' unity and dedication.

leisure life and support corporate culture development.Overseas Employee Care

May Linjiang Power Plant "Summer Cool Relief" High-Temperature Condolence Activity * To safeguard the legal rights and interests of overseas employees the Indonesian plants have

2025 On 29 May 2025 the Linjiang Power Plant continued its traditional "Summer Cool Relief" care activity. In implemented a series of employee-oriented measures. In terms of cultural respect employee

advance of the arrival of high-temperature weather the plant delivered cooling supplies towels insect canteens conforming to Indonesian dietary customs have been established with full respect given

repellent and other heat prevention materials to frontline drivers of sanitation vehicle fleets expressing to local religious beliefs and lifestyle practices. In terms of festival benefits festival benefits or leave

care and respect for employees working in high-temperature conditions and reminding them to take arrangements are provided in accordance with local customs and labour regulations. In terms of

good care of themselves and guard against heatstroke. The Company consistently pays attention to communication mechanisms a communication and liaison team has been established and a fair

the physical and mental health of employees working outdoors taking concrete action to safeguard democratic communication and appeals mechanism introduced ensuring that overseas employees'

employees' safety and health during summer operations further reinforcing the foundations of work rights and interests are fully respected and protected.safety. * Value Impacts and Opportunity Conversion

Employee Value Through scientifically designed remuneration incentives comprehensive benefits protection diverse

communication mechanisms and genuine employee care employees' legal rights and interests are

genuinely safeguarded employees' satisfaction sense of belonging and loyalty are enhanced and a

broad platform is provided for employees to realise their individual value.Corporate Value A stable workforce and a positive employee environment provide core support for improvements in

the Company's operational efficiency technological innovation and market expansion reducing the

risk of talent attrition and strengthening the Company's risk resilience and sustainable development

capability.Industry Impact The Company's practical experience in protecting employee rights and interests provides a replicable

model for the environmental protection industry driving the overall improvement of employee rights

protection standards across the industry and contributing to high-quality industry development.During the reporting period

multiple staff forums were held with employee satisfaction reaching 96%WEIMING

94 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 95

Targets Strategy

· Future Targets and Commitments ·

The Company has deeply integrated talent development into its corporate sustainable development strategy driving business

* Continuously optimise the remuneration and benefits * Continue to standardise appeals and complaints innovation and transformational upgrading through talent advantages.framework explore more competitive incentive handling processes ensuring that employee concerns

mechanisms and ensure that employees receive are addressed fairly impartially and promptly.returns commensurate with their contributions. * Continue to increase investment in employee Drawing on the "1+3+N" group management and control model as the foundation the Company has

* Further refine employee communication mechanisms rights protection incorporate the effectiveness of established a full-cycle talent management system of "select develop deploy and retain" focusing

enhance employees' sense of participation and employee rights protection into departmental and Strategic on the development of core talent and building a high-calibre and professional workforce to support

satisfaction and maintain employee satisfaction at senior management performance appraisals and Positioning the Company's long-term development in the environmental protection sector.

95% or above. drive continuous improvement in employee rights

* Enrich employee care initiatives expand the coverage protection activities.of overseas employee care and genuinely safeguard

overseas employees' legal rights and interests. Aligned with the Company's strategic objectives the core directions for talent development

have been clearly defined including enhancing senior management's strategic decision-making

capabilities strengthening professional and technical staff's innovation capabilities and developing

Development frontline employees' position competency. Through tiered and categorised talent development

★ Talent Development Objectives plans the Company achieves precise alignment between talent structure and business development.Talent is the core strategic resource enabling Weiming Environment Protection to achieve technological innovation industrial

upgrading and sustainable development. The Company consistently places talent development as a priority and drawing on Adhering to the principle that "everyone has the potential to succeed and everyone can give full

the "1+3+N" group management and control model has established a talent development ecosystem covering all employees play to their talents" the Company combines talent development with employees' individual career

throughout the full career cycle. Through diversified development pathways and a systematic capability enablement

Whole-Company planning stimulating employees' intrinsic motivation for proactive growth and advancing the joint

framework the Company drives the aligned advancement of employee growth and the Company's strategic objectives Participation development of employees and the Company.building a solid talent foundation for the Company's long-term competitiveness in the environmental protection sector.Governance

The Company has established a talent development governance framework with clear accountability and efficient operations Management of Impacts Risks and Opportunities

providing a robust institutional foundation for the implementation of talent strategy.Through diversified talent development practices the Company effectively enables employee growth while converting talent

The Board of Directors and senior management have incorporated talent development into the advantages into the Company's core competitiveness achieving the coordinated enhancement of individual and corporate

Company's overall strategy. The Human Resources Department is responsible for overseeing the value.development of the talent cultivation framework the implementation of training plans and the

Organisational

Support management of career development with each business department cooperating in fulfilling its talent * Diversified Career Development Pathways: Unlocking Employee Potential

development responsibilities forming a governance structure of "group-level coordination base-level The Company has established a dual-track development framework encompassing management and professional pathways

implementation and full participation." providing employees with clear career development routes. In accordance with the nature of positions and employees'

individual characteristics career advancement tracks including management positions skills positions and technical

Institutional documents covering employee training management career development management positions have been established ensuring that every employee can find a development direction suited to their individual

and internal trainer management have been established and continuously refined setting out circumstances. The Company adheres to the principles of fairness openness objectivity and impartiality; an appraisal

Institutional the standards processes and responsibilities for talent development and ensuring that talent committee conducts periodic comprehensive assessments of employee performance determines level promotions removes

Framework development activities operate in a standardised and systematic manner. barriers to career advancement and stimulates employees' drive to grow.* Systematic Training Framework: Enabling Employee Growth

For different employee groups — including senior managers middle managers frontline managers core employees all

employees and new employees — the Company has established development pathways appropriate to their current stage

The Company continues to increase its investment in talent development ensuring adequate and future objectives continuously optimises its tiered and categorised training framework and provides employees with

allocation of training funds teaching resources and learning resources to provide robust support for differentiated and personalised learning experiences through a rich curriculum and diverse training programmes promoting

Resource employee growth. the continuous progress of every employee.InvestmentWEIMING

96 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 97

Internal Trainer Development External Collaboration and Resource Integration

Cooperation with universities scientific research institutes and leading industry

Internal employee trainers are carefully selected and developed;

enterprises is strengthened; through the engagement of external experts project

through systematic training and incentive mechanisms the

cooperation and joint research and development internal innovation talent is developed

accumulation codification and sharing of effective internal working

and employees' professional standards and overall competence are enhanced.methods and experience are promoted.Full-Cycle Training Design

Reserve Management Talent Development

For employees at different stages-including onboarding on-the-job development

Through internal leadership instruction external expert guidance and promotion and professional advancement -diversified training resources are

on-site study visits the comprehensive capabilities and strategic vision provided combining internal general skills training external specialist training by

of management talent are enhanced. third-party organisations and guidance by both internal and external experts.Case Equipment Group Conducts Dedicated Training on Team Management and Safety Management Minqing Power Plant Conducts Yongqiang Power Plant – Onboarding Interviews

Q2 Technical Specialist Training Case and Growth Monitoring for New Employees

In May 2025 the Equipment Group conducted a dedicated training session on "employee growth-oriented

team development" at the Dushan Plant with a special invitation extended to a lecturer from the Wenzhou In April 2025 the Minqing Power Plant held its first Q2 In July 2025 in order to improve the full-cycle employee

Federation of Trade Unions Cadre School to deliver instruction on the two themes of team management technical specialist training session with experienced head training framework the Yongqiang Power Plant established

and safety management. The training combined theoretical explanation with case analysis focusing on key office instructors providing on-site theoretical and practical a regular communication and growth assessment

content including grassroots team development and safety management and systematically explained topics guidance. Covering assistant operator certification criteria mechanism for new employees. The plant management

such as team leader role awareness team development performance management and the implementation and equipment operations and maintenance challenges office conducts regular face-to-face interviews with

of safety responsibilities. The lecturer from the Wenzhou Federation of Trade Unions Cadre School noted that the batch-based training targeted the Production employees who have completed one month of service

the trade union would continue to fulfil its bridging and coordination role supporting the Company in building Technology Department rotating shift personnel and gaining an understanding of their adaptation to the role

a safe and efficient grassroots management framework. This training further enhanced the comprehensive management staff to ensure simultaneous production skills development and challenges at work and providing

capabilities and safety management awareness of frontline management personnel strengthened the operations and capability development. The curriculum targeted guidance for their growth. The Yongqiang Power

collaborative interaction between the Company and the trade union and provided strong support for the aligned with main operator skill certification incorporating Plant has formalised new employee interviews and

Company's efforts to build a learning organisation consolidate talent pipeline development and advance topics such as intelligent control system optimization and assessments as a routine activity conducted once every two

high-quality development. applied a "technology input plus on-site coaching" model weeks strengthening skills instruction while also providing

to strengthen localized talent development. This training care and support helping new employees to integrate

effectively enhanced employees' professional skills and the quickly and improve steadily achieving the goal of "learning

Company will continue consolidating technical and talent effectively stepping up capably and staying committed"

foundations for high-quality development through its dual- and further consolidating the full-cycle talent development

track "certification assessment and specialist training" framework.mechanism.WEIMING

98 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 99

* Value Impacts and Opportunity Conversion

Employee * Through clear career development pathways and systematic training and capability enablement

Value employees' position competency professional attainment and career competitiveness are effectively

Training Categories enhanced strengthening employees' sense of belonging satisfaction and loyalty and providing a

broad platform for employees to realise their individual value.Covering new employee training (three-level safety induction training mentorship training and concentrated training for

fresh graduates) senior and middle management training (management rotation training and concentrated training for

* A high-calibre workforce provides core support for the Company's technological innovation

management staff) day-to-day training (skills training safety regulation training and team training) and external training Corporate

Value improvement of operational efficiency and market expansion reducing the risk of talent attrition

(various certification training and industry training) meeting employees' learning needs throughout the full career cycle.and strengthening the Company's risk resilience and sustainable development capability.Industry * The Company's practical experience in talent development provides a replicable model for the

Case Jieshou Power Plant Conducts Dedicated Skills Training on Boiler Tube Rupture Impact environmental protection industry driving the overall improvement of talent quality across the

industry and contributing to high-quality industry development.In March 2025 the Jieshou Power Plant organised a dedicated skills training session on boiler tube rupture

incidents focusing on systematic explanation of the basic structure of boilers tube rupture phenomena

causes and preventive measures combined with analysis of emergency response procedures and key

points for day-to-day monitoring using real case studies. Training participants discussed and exchanged

views in connection with their actual work further developing their skills in boiler tube rupture prevention During the Reporting Period

and emergency handling. This training effectively enhanced the professional skills and emergency response

capabilities of operations duty personnel providing strong support for ensuring the safe and stable

operation of the power plant's boilers and continuously reinforcing the work safety line of defence. 1262 20000+ 1.42 million RMB

Training sessions Participants covered Training expenses

Metrics and Targets

· Future Targets and Commitments ·

* Continuously optimise the dual-track career * Deepen external collaboration integrate high-quality

development framework improve the fairness and resources and enhance the innovation capability and

transparency of promotion assessments and achieve industry influence of talent development activities.a steady increase in employee satisfaction with career * C o n t i n u e t o i n c r e a s e i n v e s t m e n t i n t a l e n t

development. development incorporate the effectiveness of

* Deepen the tiered and categorised training framework talent development into departmental and senior

expand training coverage and depth and ensure management performance appraisals and drive

that the training coverage rate for employees in core continuous improvement in talent development

positions reaches 100%. activities.* Strengthen the development of internal trainers and

reserve management talent building a high-calibre

internal talent pipeline.WEIMING

100 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 101

Training Drills and Management Effectiveness

★ Occupational Health and Safety * The Company continuously conducts work safety training and publicity activities to enhance all employees' safety awareness and operating skills; formulates and implements emergency response plan drill schedules on

an annual basis conducting emergency drills covering scenarios including fire safety and production safety

and strengthening employees' emergency response capabilities. The Company has established an incident

Employees' occupational health and safety is an important foundation for the Company's sustainable development and a core reporting investigation and handling mechanism implementing closed-loop management of safety-related

embodiment of the Company's fulfilment of its social responsibilities. The Company consistently upholds a people-centred issues. Through systematic full-process occupational health and safety management the Company effectively

approach placing the protection of employees' physical health and personal safety as a priority continuously improving its prevents work safety accidents and occupational diseases genuinely safeguards employees' physical health

occupational health and safety management system strengthening risk prevention and control raising the level of protection and personal safety improves operational stability and sustainable development capability and drives the

and genuinely safeguarding employees' legal rights and interests advancing the sound development of both the Company overall improvement of safety and health standards across the industry through standardised management

and its employees. practices.Governance

The Company prioritizes occupational health and work safety strictly complying with China's Work Safety and Occupational During the Reporting Period

Disease Prevention laws. It has established a comprehensive EHS management system with dedicated safety personnel

deployed at each production base and clearly defined responsibilities at every level. Management measures cover

occupational health hazard warnings fire and explosion prevention dust and toxic substance control training health 252 4000+ 100%

surveillance and incident handling. During the Reporting Period all principal subsidiaries obtained ISO 45001 certification

achieving standardized and systematic management. emergency response drill covering person-times project coverage rate

and training sessions

Strategy

The Company has incorporated occupational health and safety into its core sustainable development agenda adhering to the

principle of "safety first prevention foremost and comprehensive management" and placing employee safety and health as Case Equipment Group Conducts Post-Chinese New Year Return-to-Work Safety Training for 2025

a priority. The Company aligns occupational health and safety objectives with production and business operations project

construction and technology upgrading — planning and implementing these simultaneously — and has incorporated safety February the Equipment Group convened a post-Chinese New Year return-to-work safety training conference

performance into the appraisal framework for senior management and all business units using objective-driven management 2025 simultaneously at the main venue and an online sub-venue at the Binhai Plant with 185 employees attending

to drive continuous improvement building a safe and healthy working environment on an ongoing basis and safeguarding in person and Binhai Plant employees participating online. The training focused on the principal hazard

employee rights and interests and the Company's long-term stable operations. factors associated with return to work after the holiday common unsafe behaviours and countermeasures

and guided employees to use the Zhejiang Province Work Safety Online Learning Academy app to study safety

Management of Impacts Risks and Opportunities operating procedures. Vice President Zhu Dahai emphasised that safety is the foundation of the Company's

development requiring all employees to adhere to the principle of "safety first prevention foremost

Full-Process Risk Management and Risk Prevention and Control and comprehensive management" and requiring heads of all departments to genuinely fulfil their safety

* The Company has established a full-process occupational health and safety risk management mechanism management responsibilities and strengthen supervision and inspection. This training effectively enhanced

covering hazard identification risk assessment process control hazard investigation and emergency response employees' safety awareness and practical operating skills providing robust safeguards for the Company's

implementing dynamic management across all operations. It systematically manages occupational hazards stable work safety operations throughout the year and demonstrating the Company's sense of responsibility

including noise dust high temperatures and harmful gases formulates dedicated operating procedures for employee occupational health and work safety.for high-risk positions and standardizes operating behaviors. The Company continuously improves safety

protection facilities for dust toxic substance and explosion prevention noise reduction and fire protection

strengthening daily inspections and maintenance to ensure facilities remain in good condition and operate

reliably.Full-Cycle Employee Health Protection and Capability Enablement

* The Company rigorously implements full-cycle occupational health protection enforcing pre-employment

during-employment and exit health examinations with established surveillance records. All employees receive

three-level safety induction training covering regulations operating procedures and risk protection. The

Company provides adequate standard-compliant personal protective equipment and standardizes its issuance

use and supervision to enhance employees' self-protection capabilities.WEIMING

102 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report People First: Building a Fulfilling Workplace 103

Case

February Weiming Shengqing conducted an acid-alkali leakage emergency drill in the high-grade April the Chengjiang Power Plant jointly conducted fire safety training and an emergency drill with

2025 matte nickel extraction workshop simulating the full process of handling a tank leakage. This 2025 the fire department.

effectively enhanced employees' emergency response capabilities tested the operability of

the emergency response plan and reinforced the safeguards for work safety.First half of The Zhijiang Power Plant conducted a fire safety practical drill.March Weiming Shengqing conducted a fall-from-height emergency drill in the atmospheric

2025 pressure workshop effectively strengthening employees' safety awareness enhancing rapid

2025

response and coordinated handling capabilities in the event of sudden accidents and laying a

foundation for the stable conduct of work safety activities at the plant.Metrics and Targets

April the Yongqiang Power Plant organised a first aid skills training session inviting a professional

2025 medical practitioner to explain and guide practical drills on cardiopulmonary resuscitation Future Targets and Commitments

(CPR) the Heimlich manoeuvre and other first aid knowledge effectively disseminating first

aid knowledge and comprehensively enhancing employees' emergency response and safe * Maintain the effective operation of the ISO 45001 system and pursue continuous

operating capabilities. improvement.* Strictly fulfil the primary responsibility for occupational disease prevention and control

and rigorously limit the occurrence of new occupational diseases.* Continuously improve the coverage rate and effectiveness of safety training and

emergency drills.* Strengthen day-to-day inspections and hazard identification and investigation to

continuously reduce work safety risks.* Continue to standardise the provision and use of personal protective equipment.* Continue to improve the full-cycle occupational health protection framework for

employees genuinely safeguarding employees' safety and health rights and interests.WEIMING

104 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Appendix 105

Appendix 1： Appendix 2：

Sustainability Reporting Guidelines Alignment Index GRI Sustainability Reporting Standards (2021) Alignment Index

Alignment Index for the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 – Sustainability Reporting (Trial)

Disclosure Requirement Corresponding Section in This Report GRI Standard Disclosure Report Section

Climate Change Response Climate Change Response About This Report

About Weiming Environment Protection

Pollutant Emissions Pollutant Emissions

Waste Management Disposal of flue gas wastewater solid waste 2-2 About This Report

Ecosystem and Biodiversity Protection Ecosystem and Biodiversity Protection 2-3 About This Report

Environmental Compliance Management Environmental Compliance Management Employment and Diversity2-7

Advancing Sustainability Management

Energy Utilisation Energy Utilisation

2-14 Advancing Sustainability Management

Water Resource Utilisation Water Resource Utilisation

Strengthening Corporate Governance

Circular Economy Circular Economy GRI 2: General Disclosures 2021

Environmental Stewardship – Leading the Green and Low-

Rural Revitalisation Rural Revitalisation 2-23 Carbon Transition

Social Contribution Social Contribution People First: Building a Fulfilling Workplace

Innovation-Driven Development Innovation-Driven Development Strengthening Corporate Governance

Employment and Diversity

Not applicable. The Company's core business activities are concentrated 2-25 Business Ethics and Anti-Corruption

in environmental governance equipment manufacturing and new energy Anti-Unfair Competition

materials research development and manufacturing. The Company's

Scientific and Technological Ethics

operations do not involve areas such as gene editing or artificial intelligence 2-29 Stakeholder Engagement

ethics and scientific and technological ethics has not been identified as a 2-30 Employment and Diversity

material topic for Weiming Environment Protection.Supply Chain Security Supply Chain Security 3-1 Stakeholder Engagement

Equal Treatment of SMEs Equal Treatment of SMEs GRI 3: Material Topics 2021 3-2 Stakeholder Engagement

Product and Service Safety and Quality Product and Service Safety and Quality 3-3 Stakeholder Engagement

Data Security and Customer Privacy Protection Data Security and Customer Privacy Protection GRI 201: Economic Performance 2016 201-2 Climate Change Response

Employment and Diversity

205-2 Business Ethics and Anti-Corruption

Occupational Health and Safety

Employees GRI 205: Anti-Corruption 2016

Talent Development 205-3 Business Ethics and Anti-Corruption

Employee Rights and Benefits

GRI 206: Anti-Competitive Behaviour 2016 206-1 Business Ethics and Anti-Corruption

Due Diligence Stakeholder Engagement

302-1 Energy Utilisation

Stakeholder Engagement Stakeholder Engagement

Anti-Commercial Bribery and Anti-Corruption Business Ethics and Anti-Corruption GRI 302: Energy 2016 302-3 Energy Utilisation

Anti-Unfair Competition Business Ethics and Anti-Corruption 302-4 Energy Utilisation

Corporate Governance Corporate Governance 303-1 Water Resource Utilisation

GRI 303: Water and Effluents 2018

Risk and Compliance Management Internal Control and Risk Management 303-2 Pollutant EmissionsWEIMING

106 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Appendix 107

GRI Standard Disclosure Report Section GRI Standard Disclosure Report Section

303-3 Water Resource Utilisation 404-1 Talent Development

GRI 404 : Training and Education 2016

GRI 303: Water and Effluents 2018 303-4 Pollutant Emissions 404-3 Talent Development

303-5 Water Resource Utilisation GRI 406 : Non-Discrimination 2016 406-1 Employment and Diversity

305-1 Climate Change Response Employment and DiversityGRI 409 : Forced or Compulsory Labour（2016） 409-1

Supply Chain Security

305-2 Climate Change Response

GRI 305 : Emissions 2016 414-1 Supply Chain Security

305-4 Climate Change Response GRI 414 : Supplier Social Assessment 2016

414-2 Supply Chain Security

305-5 Climate Change Response

Social Contribution

306-1 Waste Management GRI 415 : Public Policy 2016 415-1 Rural Revitalisation

GRI 306 : Waste 2020 306-2 Waste Management

416-1 Product Quality and Safety

306-3 Waste Management GRI 416 : Customer Health and Safety 2016

416-2 Product Quality and Safety

GRI 308 : Supplier Environmental Assessment 308-1 Supply Chain Security

417-1 Responsible Marketing

2016 308-2 Supply Chain Security

GRI 417 : Marketing and Labelling 2016 417-2 Responsible Marketing

401-1 Employment and Diversity

GRI 401 : Employment 2016 417-3 Responsible Marketing

401-2 Employment and Diversity

GRI 418 : Customer Privacy 2016 418-1 Data Security and Customer Privacy Protection

403-1 Occupational Health and Safety

403-2 Occupational Health and Safety

403-3 Occupational Health and Safety

403-4 Occupational Health and Safety

403-5 Occupational Health and Safety

GRI 403 : Occupational Health and Safety 2018

403-6 Occupational Health and Safety

403-7 Occupational Health and Safety

403-8 Occupational Health and Safety

403-9 Occupational Health and Safety

403-10 Occupational Health and SafetyWEIMING

108 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Appendix 109

Appendix 3： Key Performance Indicators (KPI)

Environmental

Topic Indicator Unit 2023 2024 2025

Environmental

Municipal water supply m3 5944737 5571435 6060055

Topic Indicator Unit 2023 2024 2025

Rainwater directly collected and stored by the

m3 17048 17583 20774

Environmental Environmental incidents times 0 0 0 Water Company

Compliance Resource

Management Environmental investment Ten Thousand RMB 42254 53294 69757

Recycled water and reclaimed water m3 1205756 1631936 2843540

Management

Surface water m3 7234430 8141044 8298393

- Aggregate Indicators

Groundwater m3 938282 808804 730541

Comprehensive energy consumption tce 13231 28574 263569

- Waste Gas

- Scope 1

- Total waste gas emissions m3 3.69×1010 4.24×1010 4.61×1010

- Coal consumption tons 2601 10932 296132

- Particulate matter (PM) emissions in waste

- Petrol consumption litres 326815 217801 294024 tons 214 180 160gas

- Diesel consumption litres 3502360 6206067 3707027 - Sulphur oxides (SOx) emissions in waste gas tons 1253 1571 1725

- Liquefied petroleum gas (LPG) tons 35 42 83 - Nitrogen oxides (NOx) emissions in waste gas tons 5643 6401 6988

- Fuel oil (boiler use) tons 4067 4280 3093 - Waste Water

- Natural gas m3 57607 168016 897360

Pollutant - Total wastewater discharge m3 17095464 19929087 18904034

Energy - Direct energy consumption tce 10234 23906 249915 Emissions

Utilisation - Chemical Oxygen Demand (COD) in tons 322 381 425

- Scope 2 wastewater discharge

- Total purchased electricity MWh 24379 37989 111095 - Biochemical Oxygen Demand (BOD) in tons 82 74 81

wastewater discharge

- Indirect energy consumption tce 2996 4668 13654

- Ammonia nitrogen (NH3-N) in wastewater

- Clean Energy tons 16 9 7discharge

- Clean energy consumption MWh 695809 788829 842253 - Suspended solids (SS) tons 57 57 45

- Natural gas m3 57607 168016 897340 - Total phosphorus (TP) in wastewater

tons 4 4 4

- Solar energy discharge

MWh 882 3587 6702

(photovoltaic power generation) Total bottom ash generated tons 2606630 3074907 3411271

- Biomass

MWh 694851 783426 827968 Total sludge generated at leachate treatment

(waste-to-energy incineration) tons 43432 50155 55183facilities

Total GHG emissions (Scope 1 + Scope 2)

tCO e - - 5456925 Total general solid waste recycled and recovered tons 2600307 3235485 3590857

(market-based) 2

Total solidified fly ash blocks generated tons 334577 361050 342830

Total GHG emissions (Scope 1 + Scope 2)

tCO e 28731 77387 5448148

Climate (location-based) 2 Waste Total raw fly ash generated tons 264125 300417 305521

Change Management

Scope 1 GHG emissions tCO e 14827 57003 5389201 Total hazardous waste generated (waste oil) tons 19 28 10Response 2

Total hazardous waste generated (waste filter

Scope 2 GHG emissions (market-based) tCO2e - - 67724 tons 41 52 23bags)

Scope 2 GHG emissions (location-based) tCO2e 13904 20384 58947 Total hazardous waste generated (waste oil

tons 9 5 10

drums)

Circular

Waste recycled and recovered tons 2600307 3235485 3590857

Economy Total hazardous waste generated (waste resin) tons 0 0 0WEIMING

110 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Appendix 111

Social Social

Topic Indicator Unit 2023 2024 2025 Topic Indicator Unit 2023 2024 2025

Product and Employment Social Insurance Coverage Rate % 100 100 100

Value of material product safety and quality

Service Safety Ten Thousand RMB 0 0 0 and Employee

liability incidents in the Reporting Period

and Quality Rights Employee Welfare Expenditure Ten Thousand RMB 3994 4278 4270

Number of confirmed complaints regarding - Work Safety

violations of customer privacy rights and loss of cases 0 0 0

Data Security customer data - Work safety expenditure Ten Thousand RMB 3252 3237 3493

and Customer

Privacy Amount involved in data security incidents Ten Thousand RMB 0 0 0 - Number of work safety incidents cases 32 22 27

Protection

Amount involved in customer privacy breach - Emergency response drills times 49 233 252

Ten Thousand RMB 0 0 0

incidents - Work-Related Injuries

Total Number of Employees persons 3424 4198 4256 - Number of employees covered by insurance persons 3424 4198 4256

- By Gender - Employee insurance expenditure Ten Thousand RMB 154 197 224

- Number of female employees persons 601 682 671 - Employee insurance coverage rate % 100 100 100

- Number of male employees persons 2823 3516 3585 Occupational - Employee work safety liability insurance

Health and % 100 100 100

- By Age coverage rate

Safety

- Number of employees aged 30 below persons 1339 1643 1659 - Number of employees who died as a result of persons 0 2 1

work-related injuries

- Number of employees aged 31 to 50 persons 1774 2165 2169

- Proportion of employees who died as a result

%00.040.02

- Number of employees aged 50 above persons 311 390 428 of work-related injuries

- By Work Location - Number of working days lost due to work-

days 1462 1612 1396

related injuries

- Number of employees working in China persons 3410 3819 3879

- Employee Health Examinations

- Number of employees working overseas persons 14 379 377

- Number of employees who received health

- By Level persons 3424 4198 4256examinations

- Number of general employees persons 2799 3449 3539 - Employee health examination coverage rate % 100 100 100

Employment - Number of middle management employees persons 479 542 516 - Employee Training

and Employee - Number of senior management employees persons 146 207 201

Rights - Total employee training expenditure Ten Thousand RMB 100 107 142

- Number of Female Management Personnel - Total number of employees who received

persons 3265 4116 4173

- Number of female middle management training

persons 55 45 51

employees - By Gender

- Number of female senior management

persons 10 28 25 - Number of female employees who received

employees persons 501 651 658training

- By Function Talent - Number of male employees who received

Development persons 2764 3465 3515

- Technical personnel persons 399 1066 1162 training

- Sales personnel persons 248 105 80 Employee Training Coverage Rate % 95 98 98

Total Employee Training Hours hours 47091 63160 81131

- Administrative and finance personnel persons 717 637 666

- By Gender

- Production personnel persons 2060 2390 2348

- Total training hours for female employees hours 6093 9984 12793

- By Educational Background

- Total training hours for male employees hours 40998 53176 68338

- Master's degree and above persons 64 73 86

Average Employee Training Hours hours 14 15 19

- Bachelor's degree persons 949 1068 1144

- Associate degree and below persons 2411 3057 3026WEIMING

112 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Appendix 113

Social Corporate Governance

Topic Indicator Unit 2023 2024 2025 Topic Indicator Unit 2023 2024 2025

- By Gender Strategy and ESG Committee sessions held times 3 1 1

Talent

- Average training hours per female employee hours 12 15 19

Development Resolutions considered items 13 1 2

- Average training hours per male employee hours 14 15 19 General Meetings of Shareholders held times 4 1 2

Total number of suppliers (end of period) entities 5246 6266 6439 Board of Of which: Extraordinary General Meetings of times 3 0 1

Shareholders held

Number of suppliers in Mainland China (end of Directors

entities 5217 6147 6297

period) and General Resolutions reviewed and approved items 22 12 15

Meeting of

Supply Chain Number of suppliers in Hong Kong Macao Taiwan Shareholders

entities 29 119 142 Supervisory Board sessions held times 15 6 5

Security and overseas regions (end of period)

Supervisory Board: Resolutions considered items 43 23 21

Signing rate of the Supplier Integrity and Clean

%100100100

Business Commitment Letter among key suppliers Total announcements published reports 118 94 92

Total number of new suppliers entities 2622 3000 2448 Periodic reports published reports 4 4 4

Research and development expenditure Ten Thousand RMB 9987 11433 13000 Investor interactions via SSE e-Interactive Platform times 39 51 79

Research and development expenditure as a Online telephone exchange sessions conducted times 9 7 7

%1.661.592.08

proportion of principal business revenue Results briefings held times 3 3 3

Innovation-

Number of research and development personnel persons 363 377 580

Driven Investor Reverse roadshow activities with fund companies times 5 22 32

Development Proportion of research and development Relations attended

%11914

personnel Management On-site research visits organised and hosted times 6 11 22

Number of patents and software copyrights

cases 263 342 422 Participation in offline investor strategy conferences

applied to principal business activities times 8 20 17organised by securities firms

Rural Rural revitalisation investment Ten Thousand RMB 79 376 455 Investor query response rate % 100 100 100Revitalisation

Number of cases in which the Company was

Social

Contribution Charitable donations Ten Thousand RMB 971 168 70 sanctioned by relevant authorities for anti-competitive cases 0 0 0

conduct or violations of anti-trust or anti-monopoly

Corporate Governance Anti-Unfair laws in the course of operations

Competition

Topic Indicator Unit 2023 2024 2025 Amount involved in litigation or material

administrative penalties arising from anti-competitive Ten Thousand RMB 0 0 0

Number of Board members persons 9 9 11 conduct during the Reporting Period

Number of female directors persons 1 1 2 Number of directors who received anti-commercial

persons 9 9 11

Number of independent directors persons 3 3 4 bribery and anti-corruption training

Proportion of female directors on the Board % 11 11 18 Proportion of directors covered by anti-commercial % 100 100 100

bribery and anti-corruption training

Proportion of independent directors on the Board % 33 33 36

Number of management employees who received

Board of Board of Directors sessions held times 21 10 12 persons 575 697 706anti-commercial bribery and anti-corruption training

Directors Anti-

Resolutions considered items 70 36 40

and General Commercial Proportion of management employees covered by % 92 93 100

Meeting of Audit Committee sessions held times 5 4 4 Bribery anti-commercial bribery and anti-corruption training

Shareholders and Anti-

Resolutions considered items 14 12 13 Corruption Number of general employees who received anti- persons 784 1035 1239

commercial bribery and anti-corruption training

Nomination Committee sessions held times 2 0 1

Proportion of general employees covered by anti-

%283035

Resolutions considered items 2 0 1 commercial bribery and anti-corruption training

Remuneration and Appraisal Committee sessions Number of concluded corruption litigation cases filed

times 1 1 3

held against the Company or its employees during the cases 0 0 0

Reporting Period

Resolutions considered items 3 1 3WEIMING

114 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Notes 115

Notes

* 　In 2025 Weiming Environmental Protection's total greenhouse gas emissions increased significantly. The

primary reasons for the fluctuations in emissions are as follows:

a　Fossil carbon emissions arising from the incineration of municipal solid waste (MSW) were

incorporated into the 2025 accounting scope which was the key factor behind the increase

in total emissions.b　The Indonesia Jiaman Matte Nickel Project was formally commissioned during

the Reporting Period driving a substantial increase in the consumption of fossil fuels

including coal as well as purchased electricity.* 　Notes on Accounting Boundaries:

a　 In accordance with the GHG Protocol (Greenhouse Gas Protocol: A Corporate Accounting

and Reporting Standard) self-generated electricity consumed on-site is not included in

Scope 2 emissions.b　With reference to GB/T 2589-2020 (General Rules for Calculation of the Comprehensive

Energy Consumption) self-generated energy consumed on-site is not included in the total

comprehensive energy consumption.* 　The Company's energy consumption statistics are prepared in accordance with the principles of

measurability and verifiability within the organisational boundary:

a　Total energy consumption = purchased electricity + purchased heat + fossil fuel consumption

b　Self-generated on-site renewable energy (from waste-to-energy (WtE) incineration

and photovoltaic power generation) constitutes internal energy consumption within the

organisation rather than external energy input and is disclosed separately in accordance

with internationally accepted practice.WEIMING

116 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Assurance Statement 117WEIMING

118 Stock name: Weiming Environment Protection Zhejiang Weiming Environment Protection Co. Ltd.ENVIRONMENT Stock code: 603568 2025 Annual Environmental Social and Governance (ESG) Report Feedback Form 119

Feedback Form

Thank you for reading the Weiming Environment Protection 2025 Annual Environmental Social and Governance (ESG)

Report. In order to provide you and other parties with more valuable information to facilitate your oversight of the

Company's sustainable development management activities and to improve the Company's capacity and standards in

fulfilling its sustainability obligations the Company sincerely welcomes your evaluation of this Report and your valuable

comments and suggestions.You may provide your feedback through the following channels:

Telephone: 0086-0577-86056018

Email: ir@cnweiming.com

Postal address: 16th Floor Tongren Hengjiu Tower No. 525 Shifu Road Wenzhou Zhejiang Province

1. Your relationship to Weiming Environment Protection:

? Employee ? Customer and Consumer ? Shareholder or Investor ? Supplier

? Government and Regulatory Authority ? Media / Industry Association

? Other (please specify)

2. Your overall evaluation of this year's ESG Report:

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

3. Your evaluation of the clarity accuracy and completeness of the information indicators and data disclosed in

this Report:

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

4. In your view does this Report comprehensively reflect the corporate governance responsibilities assumed by

Weiming Environment Protection

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

5. In your view does this Report comprehensively reflect the environmental responsibilities assumed by Weiming

Environment Protection

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

6. In your view does this Report comprehensively reflect the social responsibilities assumed by Weiming

Environment Protection

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

7. In your view are the content arrangement and layout design of this Report easy to read

? Excellent ? Good ? Satisfactory ? Poor ? Very Poor

8. Additional comments:

Thank you for your valuable feedback and for taking the time to respond.