Stock name: Weiming Environment Protection

Stock code: 603568

2024 ESG (Environmental Social

and Corporate Governance ) Report

Zhejiang Weiming Environment Protection Co. Ltd.WEIMING

2 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Content 3

CONTENT 01 About Weiming Sustainable Development Improving Governance Structure to Strengthen Environment Protection 02 & Corporate Value Creation 03 the Foundation for

Development

About This Report 04 Company Overview 12 Sustainable Development Strategy and 18 Optimizing Corporate Governance Structure 28

Message from the Chairman 06 2024 Sustainable Development Achievements 13 Management Structure Investor Relations Management 32

Board Statement 09 and Honors Stakeholder Engagement 20 Risk and Compliance Management 34

Company's Major Honors 14 Materiality Analysis 22 Business Ethics 37

Appendix 1： 88

Index Table of the Guidelines for

Sustainability Report

Appendix 2： 89

Protect the Ecological Foresight & Innovation- Responsibility & Fairness

Index for Alignment with GRI Standards Foundation & Create a in Parallel: Marketing

on Sustainability Reporting (2021) 04 Green Future 05 driven Development 06 with Collaboration

Appendix 3： 92

2024 Key Performance Indicators (KPI) Optimizing Environmental Management 42 Product Quality and Safety 56 Responsible Marketing 68

Table Energy Utilization 42 Customer Service Management 57 Equal Treatment of Small and Medium-sized 68

Response to Climate Change 44 Innovation-driven 57 Enterprises

Assurance Statement 98 Treatment of Three Wastes 48 Intellectual Property Protection 60

Feedback Form 100 Water Resources Utilization 52 Data Security and Customer Privacy Protection 61

Circular Economy 52 Supply Chain Security 63

Biodiversity 53

07 United for Good: People-oriented Building Inclusive Futures Through Philanthropy 08 Co-creating Value

Rural Revitalization 72 People-oriented Co-creating Value 76

Social Contribution 72 Talent cultivation and development 78

Employee Rights and Benefits 80

Occupational Health and Safety 84WEIMING

4 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report About This Report 5

About This Report

Statement of Preparation

Report Scope

This report is the third Environmental Social and Governance (ESG) Report published by Weiming Environment

This report is centered on Zhejiang Weiming Environment Protection Co. Ltd. and covers its branches and Protection. It discloses to investors and other diverse stakeholders the Company's ESG-related philosophies

subsidiaries. Unless otherwise stated the scope of this report is consistent with that of the Company's management approaches implemented actions and achieved outcomes in the course of its operations.annual report.Report Preparation Principles

Time Frame

* Sustainability Context: This report focuses on material topics while also taking into account the characteristics

This report covers the period from January 1 2024 to December 31 2024 (referred to as the "Reporting of the Company's industry and business operations.Period"). To enhance the timeliness comparability and completeness of the report certain content may

* Timeliness: This is the 2024 annual report. The Company endeavors to release it promptly after the reporting

include retrospective information from previous years or forward-looking statements. year concludes ensuring stakeholders have timely information to support their decision-making .* Accuracy: The report strives to ensure the accuracy of the disclosed information. The Board of Directors

Terminology Notes guarantees that the content contains no false records misleading statements or major omissions.For ease of reference and readability the following abbreviations are used in this report: * Balance: The report presents objective and truthful facts disclosing both positive and negative information

related to the Company in an unbiased manner.Abbreviation Full Name * Completeness: The scope of disclosure is consistent with that of the Company's consolidated financial

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

indicators across different reporting periods.Environment Protection Group Weiming Environment Protection Group Co. Ltd.* Verifiability: All case studies and data presented in this report are derived from verifiable sources. The

Equipment Group Weiming Environment Equipment Group Co. Ltd. Company's Board Strategy and ESG Committee oversees the management of historical ESG data ensuring full

New Energy Group Zhejiang Jiawei New Energy Group Co. Ltd. traceability of data sources and calculation methodologies to facilitate external assurance.* Clarity: The report is published in both Chinese and English. It is supplemented by tables diagrams a glossary

of professional terms a table of contents and an ESG standards index for easier navigation.Reference Standards

* Quantifiability: The report discloses key quantitative indicators and where possible provides comparable

Guidelines No.1 of Shanghai Stock Exchange for Self-Regulation of Listed Companies- Standardized historical data. For details refer to the appendix "2024 Key Performance Indicators (KPI) Table".Operation Guidelines No.14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies Access to the Report

Sustainability Report (Trial)

China Enterprise Sustainable Development Report Guide (CASS-ESG 6.0) The electronic version of this report can be viewed and downloaded from the Shanghai Stock Exchange website

Global Reporting Initiative (GRI) Sustainability Reporting Standards (2021 Edition) (www.sse.com.cn) or the official website of Zhejiang Weiming Environment Protection Co. Ltd. (www.cnweiming.United Nations Sustainable Development Goals (SDGs) com).IFRS S1 issued by the International Sustainability Standards Board (ISSB)

Contact Information

Standards from Domestic and International ESG Rating Agencies

Address: 16th Floor Tongren Hengjiu Building No. 525 Shifu Road Wenzhou Zhejiang Province China

Data Description Phone: +86-577-86056018

The data used in this report are sourced from the Company's operational raw data annual financial data Fax: +86-577-86051888

relevant internal statistical reports publicly available data from government departments third-party Email: ir@cnweiming.com

surveys and third-party evaluation interviews. All financial data in this report are denominated in RMB. In Official Website: www.cnweiming.com

the event of any discrepancies with the financial statements the financial statements shall prevail.WEIMING

6 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Message from the Chairman 7

Message from the Chairman tive training programs and leveraged digital transformation to enable real-time environmental data monitoring full-process traceability of social responsibility initiatives and timely disclosure of governance information.The company received various accolades including the "Excellent Practice Award " for the 2023 Annual Report

Dear Shareholders Partners Employees and Friends from All Walks of Life Performance Presentation of Listed Companies and the "Golden Bull Most Valuable Investment Award " "Top 100

ESG Listed Companies in China " and "Excellent Board Award ". In Q4 Weiming's Jiaman High-grade Nickel Matte

Greetings! Project in Indonesia began trial production of its first 10000-ton (metal tonnage) oxygen-enriched side-blown

On behalf of the Board of Directors and all employees of Zhejiang Weiming smelting production line. The project achieved energy self-sufficiency and cost savings by adopting advanced

Environment Protection Co. Ltd. we sincerely thank our partners for their pyrometallurgical nickel smelting technology and waste heat power generation. Meanwhile Weiming expanded its

long-term support. In 2024 Weiming Environment Protection achieved sig- waste-to-energy initiatives in Indonesia constructing modern waste treatment facilities to address environmental

nificant progress in advancing ESG initiatives and promoting high-quality issues and benefit local communities. Its governance philosophy of pursuing green development and strengthen-

development. Guided by the principles of "Green & Low-Carbon Develop- ing ecological protection led to an invitation from Indonesian President Prabowo and laid a solid foundation for

ment Technological Innovation and Social Responsibility" we implement- its global market expansion.ed comprehensive actions in environmental governance social contribu-

tion and corporate governance achieving remarkable results. II. Gratitude in Partnership: Uniting Diverse Forces to Co-Create a Green Vision

Weiming's achievements are attributed to the relentless efforts of many. We extend sincere gratitude to our share-

I. 2024 ESG Practices: Deepening Commitments Across Three Pillars to Elevate Sustainable Development holders for their trust and financial support driving our green tech innovation. Thanks to our collaborative part-

ners for joint environmental projects and new energy tech breakthroughs we've built a strong green development

(I) Environmental Stewardship: Green Transformation via Tech Innovation

ecosystem both domestically and internationally. Most of all we're deeply grateful to our resilient employees

In 2024 as an environmental leader we integrated the "Dual Carbon" goals into our strategy. The company's whose professionalism and hard work have set the "Weiming Standard." We also appreciate the substantial

waste-to-energy projects in Changli Yong kang Phase II Jiaohe and Kaili Phase II were fully operational with Fujin support from all sectors of society including community residents investor representatives and rating institutions

Longnan and Zhijiang projects entering trial runs. These waste incineration facilities with a total daily processing whose interactions have reinforced our belief in sustainable development through stakeholder collaboration.capacity of 3500 tons are expected to generate approximately 350 million kWh annually once fully operational re-

ducing carbon dioxide emissions by 350000 tons per year compared to coal power. Additionally new kitchen waste III. Outlook for 2025: Focus on the Dual - Carbon Goals and Launch a New Chapter of Green Development

treatment projects in Dongyang Pucheng Ningdu and other cities were put into service. Driven by innovation Weiming

Standing at a new starting point we will advance ESG implementation with greater resolve:

Environment Protection has developed and applied 342 patents and software copyrights enhancing project stability

and efficiency. Green Transition: By 2025 we aim to expand photovoltaic coverage across production bases upgrade eco-friendly

technologies to cut energy consumption and further reduce carbon intensity in our environmental business com-

(II) Social Value Creation: Fostering Social Progress with Responsibility pared to 2024.In 2024 Weiming Environment Protection continued its commitment to social responsibility by allocating RMB 5.44 Social Commitment: Introduce employee partnership programs to share profits and value gains while expanding

million in charitable funds marking 15 consecutive years of targeted assistance to vulnerable groups. Our rural revi- Belt and Road initiatives to deploy China's carbon solutions globally.talization efforts systematically upgraded educational and healthcare infrastructure in underdeveloped communities

Governance Innovation: Develop an ESG digital platform for carbon footprint tracking integrate biodiversity into

while sustained investments in educational development funds helped disadvantaged students complete their studies.investments and refine governance based on global ESG benchmarks.Employees are always our greatest asset. Through the "Hundred Talent Program " we have recruited graduates from

top universities (including Project 985/211 and Double First-Class institutions) increasing the proportion of master's Colleagues milestones like the trial run of our Indonesian nickel project gratitude from supported students and

degree holders and above. The 2023 Restricted Stock Incentive Plan granted 10.43 million shares to 159 core employ- investor trust in our vision reaffirm that sustainability bridges humanity's shared future. In 2025 Weiming will keep

ees in R&D and project management roles with the first tranche vesting in June 2024. In 2024 we provided an average innovating and collaborating steering toward greener horizons—together.annual training duration of 15.34 hours per employee and maintained an industry-leading retention rate for critical Finally we sincerely wish everyone smooth progress in your work and success in all endeavors. Let us jointly look

positions. forward to a splendid landscapes and a new chapter for Weming!

(III) Governance Excellence: Strengthening Operations via Transparency and Efficiency Xiang Guangming

In 2024 Weiming refined its three-tier governance framework of "Board Strategic and ESG Committee - Strategic and Chairman Zhejiang Weiming Environment Protection Co. Ltd.ESG Committee Secretariat - Operational Working Groups" convened multiple ESG-themed conferences and execu- April 2025WEIMING

8 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report The Statement of the Board 9

The Statement of the Board

The company's Board of Directors has integrated ESG governance into its core decision-making framework

establishing a comprehensive four-tier ESG governance architecture encompassing "strategic decision - making

– oversight & evaluation – systematic management – operational execution ": The Board is responsible for

formulating overarching sustainability strategies and bears ultimate accountability for ESG outcomes; its subor-

dinate Strategy and ESG Committee focuses on medium-to-long-term planning and deliberation of critical issues

serving as a strategic think tank for the Board. As the permanent executive hub the Strategy and ESG Committee

leads target decomposition risk control and full-process supervision & evaluation while cross-departmental ESG

task forces drive operational implementation in areas like green operations and supply chain management. This

creates a closed-loop governance model of " strategic decision-making → systematic execution → business

integration" systematically strengthening the foundation for sustainable development.During the reporting period the Board of Directors systematically evaluated the materiality and prioritization of

ESG issues through targeted interviews questionnaire surveys and multi-stakeholder consultations. This process

focused on identifying core challenges impacting financial performance operational resilience and environmen-

tal / social value creation culminating in strategic recommendations. Weiming has fully integrated material ESG

risks into its enterprise risk management framework employing dynamic analysis of risk probability severity

and evolution trends to develop tailored mitigation strategies.To ensure alignment between ESG governance objectives and business practices the Audit Committee of the

Board of Directors has strengthened its closed-loop oversight mechanism by reviewing risk assessment reports

tracking compliance reviews and monitoring the effectiveness of mitigation measures. Anchored to our ESG stra-

tegic objectives Weiming has established a Sustainable Development Action Framework across key dimensions

including climate change response resource circularity employee rights protection supply chain resilience and

governance efficiency. We also regularly reviewed the pathways to achieve these objectives through a dynamic

tracking mechanism: on the one hand using data-driven methods to identify performance improvement bottle-

necks and risk exposures and formulating iterative improvement plans; on the other hand integrating ESG risk

management into the entire process of business decision-making to establish a preventive control system covering

risk identification assessment and mitigation. Meanwhile based on international standards such as TCFD and GRI

as well as local regulatory requirements we established a standardized ESG information disclosure mechanism.By regularly publishing ESG (Environmental Social Governance) reports and quantifying performance bench-

marks in the reports we provided stakeholders with a panoramic disclosure of strategic deployments practical

achievements and value creation logic continuously strengthening the transparency of governance and the public

credibility of our responsibility.This report was approved by the Board of Directors on April 18 2025.Company Overview About Weiming

2024 Sustainable Development Achievements and Honors 01

Company's Major Honors Environment ProtectionWEIMING

12 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report About Weiming Environment Protection 13

Company Overview 2024 Sustainable Development

Achievements and Honors

Zhejiang Weiming Environment Protection is one of the leading low-carbon environmental protection service providers

in China. The Company were listed on the Shanghai Stock Exchange ("SSE") in 2015 and have since been included in the Operational Environmental Governance Business:

Performance

SSE 380 Index the Shanghai-Hong Kong Stock Connect eligible stocks as well as the MSCI China A Index the S&P Dow In the reporting period 7 new WTE projects started operations or trials with a daily

Jones Indices A and the FTSE Russell A . The Company's core businesses span environmental governance equipment capacity of 3500 tons. Meanwhile 6 new kitchen waste treatment projects were

manufacturing and new energy material R&D and manufacturing thereby forming a synergistic development pattern of launched.three major business segments: environmental protection equipment and new energy.Equipment Manufacturing Business:

Since entering the solid waste treatment industry in 1998 Environment Protection Group has become a leading domestic

New orders during the period totaled approximately RMB billion. The Equipment

municipal solid waste (MSW) incineration treatment enterprise. The Environment Protection Group has established an 3.17

Group launched multiple new products and secured certification.integrated service system covering the complete industrial chain of waste-to-energy (WTE).Centered on WTE the Group 3C

extends its business to the collaborative treatment of kitchen waste sludge agricultural and forestry waste and general New Energy Materials Business:

industrial solid waste while also engaging in fields such as waste collection and transportation and leachate treatment. The first oxygen-enriched side-blown production line of the Indonesia High-grade

In 2024 Weiming Environment Protection's core businesses exceeded annual targets striving to reduce carbon emissions Nickel Matte Project and the first-phase of the Lithium Battery New Material Industrial

intensity through technological innovation lean operations and refined management. The Company is committed to helping Base Project in Wenzhou began trial production thereby enhancing the Company's

cities transition toward a zero-landfill and resource recycling model and aims to become a global leading comprehensive strategic business layout.environmental service provider and green energy manufacturer providing systematic solutions for the construction of "zero Social Benefits:

waste cities" and energy revolution. The three core business segments of Weiming Environment Protection have created

Weiming Equipment Group is dedicated to the technological R&D and manufacturing of environmental protection numerous job opportunities and advanced the development of local environmental

equipment and new energy equipment. The Company has advanced manufacturing bases for complete sets of equipment protection equipment and new energy materials industries.and possesses leading capabilities and technological expertise in the development of complete sets of equipment within

the industry. Through independent R&D of core integrated waste treatment equipment as well as pyrometallurgical and

hydrometallurgical nickel processing equipment Weiming Equipment Group provide comprehensive turnkey equipment Environmental Green Electricity Generation:

Performance

solutions and EPC services to clients in environmental protection and new materials industries. In 2024 the Phase II The environmental treatment projects collectively supplied approximately 4.40

photovoltaic project at Dushan Base progressed steadily providing green energy support for equipment manufacturing. billion kWh of renewable energy.Weiming New Energy Group plans to build a high-grade nickel matte project with an annual capacity of 130000 metal tons Greenhouse Gas Emission Reduction:

in Indonesia (referred to as the "Indonesia High-grade Nickel Matte Project"). The first oxygen-enriched side-blown furnace Approximately 4.39 million tons of carbon dioxide - equivalent GHG emissions have

production line with an annual capacity of 10000 metal tons was put into trial production in 2024 marking a significant been avoided.breakthrough for the Company in the new energy materials field. Zhejiang Weiming Shengqing Energy New Materials Co. Waste Management:

Ltd. (referred to as "Weiming Shengqing") plans to develop a lithium battery new materials industrial base project in China.The products include battery-grade nickel sulfate electrolytic nickel ternary precursors for power batteries and ternary Completed the intake of 12.54 million tons of municipal solid waste (MSW).cathode materials for power batteries etc. In 2024 the New Energy Group actively expanded domestic and international Wastewater Treatment:

markets continuously bridging the upstream and downstream segments of the industry chain and establishing an

Treated approximately milliontons tons of municipal wastewater.integrated operational system. Based on this the New Energy Group collaborates with the Environment Protection Group 19.01

and Equipment Group forming a main business model by "Environmental Protection + New Energy"dual-wheel drive.Corporate

Vision Continuously provide the society with first-class low-carbon environmental protection technology products and services. Social Total Number of Employees: 4198 employees

Corporate To create cleanhealthy and sustainable living environment for human beings. Performance

Mission Proportion of Female Directors: 11%

Corporate * Integrity: Always be honest with customers leaders and colleagues as honesty and trustworthiness are the foundation

Values of human being. Total Employee Training Hours: 63160 hours

* Professionalism: Devote ourselves to our work love our job persevere and become experts in our respective areas. Employee Satisfaction Rate: 96%

* Innovation: Continuously propose new ideas improve work processes and uphold innovation as the cornerstone of

sustained business development.* Enterprising: Face and overcome challenges with a positive and optimistic mindset. Stand united support one another

and demonstrate mutual care.WEIMING

14 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report About Weiming Environment Protection 15

The 19th China Listed Company Board of Directors Golden Round

Economic

Performance Revenue: 7.171 billion RMB

Table Award: The Meritorious Secretary - General Award

Net Income Attributed to Shareholders of Listed Company: 2.704 billion RMB * Awards Related to the Capital Market

Basic Earnings per Share: 1.60 RMB Forbes China's Best CEO List:

Xiang Guangming the chairman of Weiming

Total Assets: 27.48 billion RMB Environment Protection has been included in

R&D Investment: 0.114 billion RMB the "2024 China's Top 50 Best CEOs" list.Awards List

The 19th China Listed Company Board of

ESG China Securities ESG Rating:"AA"grade The 2024 Securities Star Capital Power Annual Selection: Directors Golden Round Table Award: The Most Honors The Outstanding Listed Company Award Strategic

Sino-Securities ESG Rating: "A"grade in the 2023 comprehensive rating of - Vision Chairman Award.Environment Social and Governance (ESG) ranked 2 nd among 169 A- share listed

ESG The 2024 Securities Market Weekly Crystal Ball

Ratings companies in the commercial services and commercial supplies industry. Award

Wind ESG Rating: grade - The Best Chairman Award"BBB" The 26th Listed Company Golden Bull Award:

MSCI ESG Rating: grade The 2023 Golden Bull Most Investment - Value Award"B" The 26th Listed Company Golden Bull Award

- The 2023 Golden Bull Secretary - General Award

The 2024 Securities Star Capital Power Annual

Selection

-The Excellence Secretary - General Award

Company's Major Honors The 19th China Listed Company Board of

Directors Golden Round Table Award

- The Meritorious Secretary - General Award

* Awarded by the China Association of Listed Companies: The 18th China Listed Company Value Selection of the Securities Times

The "Excellent Practice Award" for the 2023 Annual Report

The 2024 Securities Market Weekly Crystal Ball Award: - The Sunshine Secretary - General Award

Performance Presentation of Listed Companies. The Most Investment - Value Listed Company Award

The 26th Listed Company Golden Bull Award

* High-tech Enterprise Recognition: - The 2023 Golden Bull Most Investment - Value

High-tech Enterprise Recognition: Several subsidiaries of Award

Weiming Environment Protection have been included in The 18th China Listed Company Value Selection

the "High-tech Enterprises Filing List for Recognition by of the Securities TimesThe 18th China Listed Company Value Selection

the Zhejiang and Jiangsu Provincial Recognition Agency in of the Securities Times: The ESG Top 100 Award - The ESG Top 100 Award

2024" including: The 15th Listed Company Investor Relations

Wenzhou Yongqiang Waste - to - Energy Co. Ltd. The 19th China Listed Company Board of Directors Golden Round Management Tianma Award of the Securities

Table Award: The Most Strategic - Vision Chairman Award

Ruian Weiming Environment Energy Co. Ltd. Times.Weiming Environment Equipment Group Co. Ltd. The 2024 Securities Star Capital Power Annual

Yuhuan Weiming Environment Energy Co. Ltd. Selection

Yongkang Weiming Environment Energy Co. Ltd. - The Outstanding Listed Company Award

Cangnan Weiming Environment Energy Co. Ltd. The 2024 Securities Market Weekly Crystal Ball

Wenzhou Weiming Environment Energy Co. Ltd. Award

- The Most Investment - Value Listed Company

Kunshan Lucheng Waste-to-Energy Co. Ltd. Award

* Innovative Enterprise in the Biomass Power Generation The 19th China Listed Company Board of

Industry: Directors Golden Round Table Award

Weiming Environment Protection has been recognized as - The Outstanding Board of Directors Award

"2024 Top 10 Innovative Enterprises in China's Biomass The 15th Listed Company Investor Relations The 19th China Listed Company Board of Directors Golden Round Management Tianma Award of the Securities Times

Power Generation Supply Chain" Table Award: The Outstanding Board of Directors AwardSustainable Development Strategy and Management Structure Sustainable Development

Stakeholder Engagement

& Corporate Value Creation02 Materiality AnalysisWEIMING

18 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Sustainable Development & Corporate Value Creation 19

Nomination Committee

Sustainable Development Strategy It is responsible for reviewing the structure size and composition (including

and Management Structure skills knowledge and experience) of the Board of Directors every year and super vising the implementation of the diversity policy; making

Strategy Report recommendations to the Board of Directors regarding the appointment

Manage reappointment or adjustment of directors; submitting suggestions for

Weiming Environment Protection deepens the systematic construction of its ESG system enhancing accountability the appointment and reappointment of senior management personnel;

transparency through refined management and information disclosure mechanisms. Weiming establishes a collaborative evaluating the qualifications and capabilities of candidates to ensure a fair

development model for its environmental governance equipment manufacturing and new energy materials businesses and transparent process.improving resource efficiency through full lifecycle management.Weiming promotes the R&D of low-carbon technologies Board of Directors

and closed-loop clean production accelerating its transformation into an international green technology service provider It is responsible for ap-

and striving to become a benchmark for sustainable development in the industry. proving and supervising Audit Committee

Management Structure the Company's over- Responsible for reviewing the company's financial reporting procedures

all strategy and deci- Report risk management and internal control systems overseeing internal and

Weiming Environment Protection has established a four-tier ESG governance structure of "strategic decision-making sions approving the Manage external audit work handling other financial and accounting matters and

supervisory evaluation systematic management and operational execution". Centered on the Board of Directors' Strategy annual business plan managing the company's relationship with external accounting firms.and ESG Committee as the core decision-making authority this framework coordinates with governance oversight entities and budget evaluating

including the Audit Committee and the Remuneration and Appraisal Committee etc.Through the cross-departmental ESG the Company's perfor-

Working Group's coordination mechanism the system vertically integrates key operational nodes spanning production mance and supervising Strategy and ESG Committee

management technological R&D and supply chain collaboration. This vertically integrated structure establishes an end- the implementation of It studies and puts forward suggestions on the Company's sustainable

to-end governance cycle encompassing "strategic interpretation process monitoring performance assessment and work by the Company's Report development (ESG) strategic planning objectives and policies; is responsible

continuous optimization" achieving closed-loop management across all operational tiers. management. Manage for implementing the ESG strategy of the Board of Directors reviewing ESG

risks and opportunities in light of changes in the macro environment and

Zhejiang Weiming Environment Protection Co. Ltd. business operations continuously improving the ESG management level and

enhancing international competitiveness; coordinating and promoting the

General Meeting of Shareholders implementation of various ESG work tasks.Supervisory Board

Board of Directors Report Remuneration and Appraisal Committee

Secretary of the Board of Directors Manage

After obtaining the authorization of the Board of Directors it determines the

remuneration packages of the Company's directors supervisors and senior

President's Office management personnel in combination with performance assessment

standards. It also reviews the Company's equity incentive plan and employee

stock ownership plan.Company Departments Environment Protection Group Equipment Group New Energy Group

Note: Company organizational structure as of December 31 2024.Office of the Nomination Remuneration

and Appraisal Committee Remuneration and

Office of the Strategy and ESG Appraisal Committee

Committee

Nomination Committee

Office of the Investment Committee

Strategy and ESG

Office of the Audit Committee 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

20 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Sustainable Development & Corporate Value Creation 21

Stakeholder Engagement

Weiming Environment Protection has established an efficient and standardized stakeholder communication mechanism.According to relevant research the Company's main stakeholders and their key focus issues are as follows:

Main Stakeholders Key Focus Issues Response Measures Main Stakeholders Key Focus Issues Response Measures

* Corporate Governance

* Shareholders' Meetings * Energy Management * Complying with Laws and

* Earnings Briefings * Risk and Compliance Management Regulations

* Information Disclosure * Investor Exchanges * Water Resources Management * Paying Taxes Actively

Government and Regulatory

* Risk Management * Official Website Authorities * Anti-commercial Bribery and Anti- * Supervision and InspectionShareholders and Investors

* Shanghai Stock Exchange E corruption * Carrying out Green Businesses

Interactive Q&A * Addressing Climate Change

* Environmental Compliance

* Rural Revitalization * Public Welfare Activities

Management * Marketing Training Social Organizations and Non- * Social Contribution * Volunteer Services

* Green Products * Customer Feedback and governmental Organizations

* Product Safety and Quality Handling

* Innovation-driven

Customers * Customer Satisfaction Surveys

* Anti-commercial Bribery and Anti- * Building an After-sales Service

* Supply Chain Security * On-site Investigations

corruption System

* Compliance and Risk Management * Participating in Industry Exchanges

* Compliance and Risk Management

* Anti-commercial Bribery and Anti- * Improving Supply Chain

Suppliers

corruption Management

* Employee Training

* Employee Rights

* Establishing Trade Unions and

* Employee Training and

Staff Representative Conferences * Energy Utilization * Information Disclosure

Development

Employees * Organizing Employee Activities * Data Security and Customer * Establishing Communication

* Employee Health and Safety

* Occupational Health Monitoring Media and the Public Privacy Protection MechanismsWEIMING

22 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Sustainable Development & Corporate Value Creation 23

Step 3: Double Materiality Assessment

Materiality Analysis

Based on the assessment data from Step 2 create a materiality matrix to determine the issues and their priorities for the

Company's 2024 ESG report.The Company has established cooperation with external professional teams of sustainable development experts and

consultants to conduct the identification and evaluation of key ESG (Environment Society and Governance) issuses which Impact Materiality Only Both Financial and Impact Materiality

serves as the scientific foundation for formulating short-term medium-term and long-term sustainable development goals.Double Materiality Assessment Method

26

Step 1: Context Analysis and Issue Identification

10

171524

1812

282527

In the process of identifying the material issues for Weiming Environment Protection's 2024 ESG report and forming the 20 11

issue list the Company takes the following factors into consideration: 5 2

291914136

39

* Policy Hotspots: Identify the domestic and international industry policy hotspots.* ESG Standards: Refer to the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies- 16

Sustainability Report (Trial) the GRI Sustainability Reporting Standards (GRI Standards 2021) the International

21

Sustainability Standards Board (ISSB) IFRS S1 etc. 8

* ESG Rating Requirements: The focuses of ESG rating agencies such as Wind Huazheng S&P CSA MSCI etc.

7

23

* Highly Concerned Issues within the Industry: Refer to the highly concerned issues of industry partners. 4

22

* Highly Concerned Issues of Customers: Take into account the customers' focuses on ESG issues.Neither Financial nor Impact Materiality Financial Materiality Only

Step 2: Impact Assessment Financial Materiality

Financial materiality assessment: Impact materiality assessment:

* An expert team from the company's internal finance * Dual evaluation of each issue's impact from the Step 4: Issue Identification Analysis and Outcome Orientation

department evaluates the financial materiality of perspective of internal and external stakeholders.each issue across two dimensions with review and

GRI Specific Dimension of

validation required from multiple departments. Materiality issue Scope of Impact Risk Opportunity Standard Corresponding SDGs Management

Topic and Actions

- Dimension 1: Degree of Financial Impact - Dimension 1: Degree of Impact Upstream Company Downstream

Operations Community of Value Chain of Value Chain

A comprehensive assessment of each issue's Stakeholder surveys assess the severity of impact

impact on the company's current and anticipated using the scale: 1

Climate Natural disasters and Reduce carbon footprint enhance √ √ √ √ corporate reputation and image * Emission Environmental

financial condition scored on the following scale: No impact Minor impact Moderate impact Signific- Change energy instability improve market competitiveness Management

No impact Minor impact Moderate impact Signific- ant impact Major impact Critical impact. 2 Violation of emission-

ant impact Major impact Critical impact. Pollutant related laws and Improve environmental Environmental - Dimension 2: Likelihood of Financial Impact Emissions √ √ √ regulations leading management to comply with laws * Emissionto fines and financial and regulations Management

losses

- Dimension 2: Likelihood of Financial Impact Surveys also evaluate the probability of occurrence

Evaluation of the probability of positive or negative scored as: Risks of 3 environmental

pollution financial

financial consequences scored on the scale: No like- No likelihood Very low likelihood Low likelihood Waste burden and Market expansion technological

Management √ √ √ reputation damage innovation and collaborative * Waste

Environmental

alliances Managementlihood Very low likelihood Low likelihood Moderate Moderate likelihood High likelihood Very high requiring effective

preventive and

likelihood High likelihood Very high likelihood. likelihood. responsive measures

Impact MaterialityWEIMING

24 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Sustainable Development & Corporate Value Creation 25

Materiality issue Scope of Impact Risk Opportunity GRI Specific

Dimension of GRI Specific Dimension of

Standard Topic Corresponding SDGs Management Materiality issue Scope of Impact Risk Opportunity Standard Corresponding SDGs Management and Actions Topic and Actions

Upstream Company Downstream Community Upstream Company Downstream

of Value Chain Operations of Value Chain Community of Value Chain Operations of Value Chain

Facing risks such The instability of future

Ecosystem and as environmental Through market expansion * Material product and service

Biodiversity √ √ √ √ pollution ecological technological innovation and strategic Issues of Environmental supply affecting the Helps improve the stability of * Procurement 4

Conservation degradation and Non-double Management Supply Chain Company's normal product and service supply Practices strained community alliances Materiality 17 Security √ √ √ business operations promoting the healthy development * Supplier Society

relations and the sustainable of supply chain enterprises Evaluation

empowerment of the

* Materials supply chain

Identify improvement and innovation * Water and

Environmental Potential environmental areas reduce negative environmental Effluents

5 Compliance √ √ √ √ incidents and legal impacts enhance economic efficiency Environmental Long-term improvement of the

Management penalties and competitiveness improve * Waste Management Intellectual Intellectual property Company's competitiveness

corporate image and brand value * Energy 18 Property √ √ √ protection will bring higher and leadership in the industry Society

Protection financial and human costs and improvement of market

* Emissions performance

Energy Economic losses due

Identify and address risks and

* Energy

6 Use √ √ √ √ to energy waste and

opportunities in energy systems Environmental

inefficiency improve efficiency support * Emissions Management

Changes in the market

sustainability and competitiveness environment fluctuations

Responsible in consumer demand Improve brand awareness * Marketing

19

Water scarcity poor Marketing

√ √ √ competitor strategies and consumer trust market Society

introduction of new competitiveness and market share and Logo

7 Water water quality stricter Policy support technological

* Material technologies and revisions

Resource Use √ √ √ √ regulations reputational innovation market expansion brand

Issues of Environmental

damage rising enhancement economic benefits Non-double Management

to regulations

operational costs Materiality

Violation of relevant laws Meet the requirements of relevant

Extra financial and labor * Material Data and regulations may bring

security and about compliance risks laws and regulations protect the Circular

8√√√√

costs from innovation/ Long-term cost reduction through Issues of Environmental personal rights and interests of * Customer

Economy application of circular efficient resource use Non-double Management 20 customer √ √ √ result in financial losses

privacy such as fines and reduce customers and maintain the trust Privacy

Society

technologies Materiality

protection customers'trust in the relationship between the Company

Company. and customers

Additional costs for green

Green attributes and packaging Break green trade barriers explore * Materials9

Products √ √ √

Environmental

Additional financial and new markets meet demand boost * Water and

human resource costs competitiveness Effluents

Management

Equal Promote cooperation and

treatment Establish a fair and exchanges with small and medium- * Substantive

21 of small and √ √ competitive market sized enterprises expand the Issues of Society

* Customer medium-sized environment

partner network and enhance the Non-dual

Product Safety √ √ √ √ Additional Financial and Improve user experience enhance enterprises

Company's market competitiveness Importance

Health and Society and innovation capabilities

10 and Quality Labor Costs reputation expand markets Safety

Impact on corporate Reduce social operating costs * Substantive

Innovation- Higher financial and Strengthen long-term 22 Social reputation and image Issues of

11 √ √ √ human resource costs competitiveness adapt to market Society Contribution √ √ additional financial and and promote high-quality social Non-dual SocietyDriven due to innovation trends enhance performance human costs development Importance

Customer Poor customer relations may lead to churn Drive business growth unlock new * Customer

12 Service √ and harm market business opportunities boost Health and Society

Impact on corporate

Management reputation and image performance performance Safety * Substantive

23 Rural

Organizing community Reduce social operating costs

Revitalization √ √ participation activities and promote high-quality social

Issues of Society

community donations development Non-dual

Occupational Poor OH&S negatively

√ Improve employee well-being sense

* Occupational

Society etc. may bring additional

Importance

13 Health and impacts employee

Safety relations of belonging and productivity

Health and financial and human costs

Safety

* Employment Improve the overall corporate

* Diversity Corporate governance level enhance internal 24

& Equal Governance √ √ √ √ Governance limitations cohesion reduce ESG-related

* Industrial

Relations Governance

Opportunity risks and promote the long-term development of the Company

* Non-

Compliance risk discriminationEmployee reputational impact Improve satisfaction relations 14 Rights and √ productivity; reduce supply chain risk; * Freedom of Society Compliance Reduce the Company's A sound risk management system

Welfare turnover lower build responsible brand Association and Risk √ √ √ √ risk response capabilities may effectively enhance the * Policy productivity and Collective 25 Management financial losses legal issues Company's resilience in a risky Commitment

Governance

Bargaining and reputation risks etc. environment

* Child Labor

* Forced or

Compulsory Anti- Legal issues sanctions

Maintaining high levels of business

commercial financial losses ethics and compliance increases Labor 26 bribery and √ √ √ √ reputational damage and customer and investor trust

* Anti- Governance

anti-corruption loss of clients and investors enhances reputation and reduces

corruption

legal and financial risks

15 Talent √ Affects productivity Attract diversity support sustainable * Training and Development growth Education Society

Risks of legal compliance * Anti-

27 Anti-unfair √ √ √ √ market order business Policy support and improved Risks such as competition reputation and technical market environment competitive GovernanceBehavior

cultural conflicts means

and communication

barriers the

complexity of training Deterioration of business

and development Stakeholder partnerships stock Increase company transparency

16 Employment strategies the Policy support innovation market * Non-double

28 √ enhance investor trust and stabilize * Stakeholder Governance

and Diversity √ complex adjustments expansion brand and economic gains Materiality Society

communication price fluctuations and stock prices Engagement

of incentive and from diversity Issue

shareholder dissatisfaction

compensation systems

challenges in employee

relations management Market changes

Understand the market

and compliance with fluctuations in consumer

environment consumer needs

Due demand competitive competitor strategies and regulations. diligence √ √ pressure technology technology trends to optimize Governance29

introduction and regulatory marketing strategies and enhance

compliance market competitiveness and brand valueImproving Governance

Optimizing Corporate Governance Structure Risk and Compliance Management Structure to Strengthen the

Investor Relations Management Business Ethics Foundation for Development 03WEIMING

28 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 29

Optimizing Corporate

Governance Structure

The Company strictly adheres to the Company Law Securities Law and relevant regulations through its robust "Three-Tier Board of Directors

Governance Structure" (Shareholders' Meetings Board of Directors and Supervisory Committee) which ensures sound

decision-making effective oversight and strong shareholder protection. Directors and supervisors faithfully perform their The Board of Directors accountable to the General Meeting of Shareholders consists of four specialized committees: Audit

duties while management executes strategies efficiently maintaining full compliance across all operations. Nomination Remuneration and Appraisal and Strategy and ESG. Each committee has clear working rules structures and

responsibilities and regularly reports to the Board to ensure company operations are standardized and effective.Corporate Governance Structure Chart During the reporting period the Company revised the Working Rules of the Audit Committee of the Board of Directors and

formulated three dedicated governance systems: the Regulations on the Selection and Appointment of Accounting Firms

the Management System for Financial Derivatives Trading and the Working System for Special Meetings of Independent

Zhejiang Weiming Environment Protection Co. Ltd. Directors . These measures aim to standardize capital market operations and improve the Company's risk management

framework. In addition the Company issued the Announcement on "Improving Quality and Efficiency Enhancing Returns"

General Meeting of Shareholders Remuneration and Appraisal Committee which details the synergistic development of its three core business segments - environmental governance equipment

manufacturing and new energy materials - along with proactive measures in shareholder returns and corporate governance.Board of Supervisors

Nomination Committee This demonstrats a firm commitment to enhancing operational quality and delivering value to shareholders.Board of Directors

Board Secretary Strategy and ESG Committee

Audit Committee During the reporting period

President's Office

The Company's Board comprises 9 members: 3 independent 5 executive and 4 non-executive directors.The board members actively fulfilled their duties during the reporting period with no instances of absence from

Corporate Departments Environment Protection Group Equipment Group New Energy Group board meetings or delegation of attendance to others.Governance by the "Three Committees"

Directors had 100% attendance at 10 meetings passed 36 resolutions and the average tenure was 6 years.General Meeting of Shareholders

The General Meeting of Shareholders(GMS) as the supreme authority of the

Company is vested with the legal right to make decisions on major corporate

matters. Its core functions include reviewing and approving key matters such as During the reporting period Board of Supervisors

business strategies investment plans fund-raising schemes profit distribution

plans.Additionally the GMS is responsible for electing and supervising the Board The Company held ONE The Company's Board of Supervisors acting with deep accountability to all shareholders rigorously executes its supervisory

of Directors and the Board of Supervisors and reviewing their work reports. By Annual General Meeting of mandate. It oversees the Board of Directors and management to ensure sound corporate governance and protect the

ensuring alignment of shareholder interests corporate governance accountability Shareholders legitimate interests of the Company and its shareholders.and sustainable growth objectives the GMS serves as a cornerstone of corporate

governance fostering transparency stakeholder trust and long-term value Adopted 12 motions

creation under the guidance of ESG principles.Among them there were During the reporting period

6 separate voting proposals The company convened 6 meetings of the Board of Supervisors approved 23 proposals.

from minorityWEIMING

30 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 31

Board of Directors' Audit Oversight

and Remuneration Evaluation Board Diversity

To strengthen the effectiveness of audit oversig- The Company integrates board diversity into its strategic governance aiming to build a composite board model with

ht the Audit Committee in accordance with the During the reporting period "professional complementarity experience synergy and multidimensional balance." Member selection is guided by a "three

Working Rules of the Audit Committee of the B- - dimensional capability assessment matrix" covering cross - industry expertise composite professional qualifications and

oard of Directors diligently performs key respo- The Audit Committee comprises 3 directors 2 of whom multicultural perspectives.nsibilities such as supervising and evaluating

are independent ( 66.67%)

both internal and external audits reviewing Gender equality is a key ESG practice. One - third of the independent board members are female. This enriches strategic

the Company's financial information and its decision - making and aligns with the UN SDGs.Total number of Audit Approved the following

disclosure and overseeing and assessing the

Committee meetings motions:

Company's internal control systems.held: 4 12 items Board Independence

To achieve scientific and standardized compensation management the Company has developed and implemented the During the reporting period the Board had 9 members including 3 independent directors reflecting the Company's emphasis

Working Rules of the Remuneration and Appraisal Committee of the Board of Directors . In the management of director and on governance independence and professionalism. Independent directors with expertise in accounting law and industry

executive compensation the Company focuses on the close linkage between incentives and performance the reasonableness provided valuable input promoting standardized Board operations and informed decision-making.and fairness of compensation levels and the transparency of the compensation system.Independent directors strictly comply with the Working System for Independent Directors attending shareholder meetings

board meetings and specialized committee meetings in line with legal requirements. At these meetings they uphold the

principles of objectivity and fairness expressing independent opinions that serve as critical reference for corporate governance

Compensation Plan The Remuneration and Appraisal Committee devises compensation plans and major decisions effectively safeguarding the legitimate rights and interests of the Company and all its shareholders.Formulation Stage for directors and senior executives based on their responsibilities and market

benchmarks. These plans encompass performance evaluation criteria

procedures frameworks and incentive/disciplinary measures.Case

In 2024 Weiming Environment Protection an industry leader held multiple management trainings to explore

Performance The Committee annually appraises directors' and senior management's

Evaluation Stage performance. These individuals submit work reports and self - assessments. ESG's impact on operations living environments and social progress. These efforts aim to enhance governance

The Committee evaluates their performance against set criteria and proposes and social responsibility fulfillment driving the Company's ongoing progress in ESG.remuneration and incentives based on results and policies. After voting

approval the proposal is submitted to the Board.Compensation System The Committee oversees the Company's compensation system. The HR

Oversight Stage Department following the Board-approved plan handles salary payments

to ensure timely and full disbursement. The Committee monitors the plan's

implementation regularly reports to the Board and suggests improvements

based on performance to optimize compensation management.WEIMING

32 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 33

Investor Communication

Investor Relations Management During the reporting period

The Company communicates its business philosophy development Organised on-site reception and

achievements and future strategies to investors through multi- research activities:

The Company strictly comply with relevant laws regulations and regulatory requirements continuously improving the channel engagement activities enhancing investor understanding

Articles of Association and the Investor Relations Management System. These measures provide clear standards and and recognition. It regularly organizes online and offline institutional 11 times

guidelines for information disclosure and investor relations management ensuring the compliance and effectiveness of research tours and after releasing periodic reports holds conference Investor conference calls:

related activities. Furthermore they establish clear and convenient communication channels and information platforms for calls and performance briefings to interact with investors and

shareholders and potential investors. 7 timesaddress their questions. Meanwhile the Company participates in

Protection of Investor and Shareholder Rights securities firms' strategy meetings and responds to retail investors' Par ticipated in of f line brokerage inquiries via the SSE E-Interactive Platform hotline and email. strategy meetings:

Additionally it proactively engages with major shareholders 20 sessions

The Company has consistently prioritized the protection of investor and shareholder rights. To safeguard the interests of and potential investors to foster long-term partnerships while

minority shareholders it has implemented multiple measures to enhance their participation accessibility including: maintaining daily communication with retail investors to narrow Pa r t i c i p a t e d i n f u n d c o m p a n y

1. Reasonable scheduling of shareholder meeting timing venues and formats to facilitate communication between minority the distance and strengthen the foundation of investor relations roadshows:

shareholders and the Board/senior management. management. 22 sessions

2. Continuous optimization of shareholder voting mechanisms(e.g. cumulative voting separate minority shareholders voting The Company communicates with investors through multi- channel Responded to E-interactive questions:

and online voting) to fully ensure minority investors' rights to participate in major decision-making. activities like research tours conference calls and strateg y 51 items

meetings. It uses the SSE E - Interactive Platform hotline and email

During the reporting period the Company standardized related - party transaction management by updating its related - party Held performance briefings:

to respond to inquiries. In the reporting period it hosted three "I

list and ensuring timely disclosure. It also revised and enhanced its independent director management procedures as per

Am a Shareholder" events with securities firms to enhance investor 3 times

regulatory requirements to improve corporate governance.relations.Shareholder Dividends

The Company's management has long focused on shareholder returns actively providing value to shareholders through

various means. In recent years the Company has maintained a stable dividend policy distributing cash dividends of 169

million RMB (before tax) 256 million RMB (before tax) and 424 million RMB (before tax) for the fiscal years 2021 to 2023 all

of which accounted for more than 10% of the annual net profit attributable to the parent company. In the first quarter of 2024

the Company implemented and completed a share repurchase of 10625470 shares utilizing a total of RMB 179.98 million in

funds further enhancing investor confidence in the Company's future development.Information Disclosure

During the reporting period

The Company actively fulfills its information disclosure obligations Prepared and completed disclosure

ensuring that the content of announcements is accurate free from of interim announcements:

misleading statements or omissions. The Company publishes visual

summaries of regular reports via WeChat public account and uses 94 items

video presentations during performance briefings to strengthen

its connection with investors showcasing the diversification and Completed the disclosure of the

innovation in its information disclosure. 2023 annual report 2024 Q1 report

2024 semi-annual report and 2024

Q3 report.WEIMING

34 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 35

Risk and Compliance Management Risk Process Management

Weiming Environment Protection has established a systematic risk management mechanism. Through regular reporting and

communication of risk management outcomes it effectively prevents and mitigates risks ensuring closed - loop management

Risk Management and providing a basis for strategy formulation.Risk Management Framework Risk Management Links Corresponding Measures

Weiming Environment Protection has established a comprehensive risk management organizational structure and successfully Adopt methods such as research interviews structured analysis checklist

implemented a "three lines of defense" system for systemic risk management. The Company has effectively put in place Risk Identification Method comparison scenario analysis sensitivity analysis expert consultation and policy

collaborative management and root-cause management mechanisms ensuring the efficient operation of the risk management analysis.framework and providing strong support for the Company's stable development. Conduct integrated analysis of aspects including macro-economy policies and

Risk Identification Dimension regulations market conditions technological innovation financial situation

01 human resource allocation management measures and information reporting.02 03

Risk Classification Management Identify potential internal risks that may be distributed across dimensions such as

First Line of Defense Second Line of Defense Third Line of Defense Framework strategy market operation finance and law.Business Departments Risk Management Function Supervisory Department

Based on the likelihood of risk occurrence the degree of impact and controllability

* Directly involved in the Department * Independent of business and Risk Assessment Basis

combined with the risk management concept and the level of risk acceptance.identification assessment * Develop risk management risk management functions.and control of risks in daily strategies policies and

* Provide independent

operations. processes. oversight and feedback on risk Risk Assessment Method Qualitative analysis quantitative analysis and combined analysis.* Implement specific risk * Supervise the implementation management and regularly

control measures within of risk management system report to the board of directors Four risk control strategies namely avoidance transfer mitigation and acceptance

various business processes to requirements across and senior management. Risk Control Strategy have been formulated.ensure that risks are effectively departments and provide risk

managed and controlled. management support and For major risk events formulate and implement risk response plans and adopt

guidance to business units. Risk Response Measure strategies such as emergency response recovery response remedial response and

preventive response.According to the results of internal risk investigations and internal control audits

and in combination with external risk cases and the monitoring of internal

Actions during the Reporting Period

institutional processes prepare the Company's annual internal control evaluation

report.During the reporting period the Company convened the 4th meeting of the 7th

Board of Directors which identified 5 key risks across 19 critical control areas in the

Achievements during the Reporting

internal control evaluation report and formulated corresponding control measures.Period

These measures were subsequently implemented by respective business

departments after approval from senior management.The Company has established risk control measures across fund management safety management environmental

protection and production operations. Through risk case education and training it promotes risk awareness among

employees. Clear communication channels like the General Manager's mailbox and hotlines enable employees to report

risks which are then promptly addressed.WEIMING

36 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 37

Internal Control and Audit Tax Transparency

Weiming Environment Protection has established a comprehensive internal control management system in accordance The Company adheres to tax laws pays all taxes promptly and is committed to tax compliance disclosing information

with the requirements and standards outlined in the Basic Norms for Enterprise Internal Control and related guidelines. The to tax authorities as needed. It prohibits tax evasion and manages tax costs and risks under the finance department and

Company has also developed the Inspection Work Management System to further standardize internal control standards Audit Committee's supervision. The Company also applies for government tax incentives to support innovation and R&D

and processes ensuring that every aspect of the Company's operations is guided by clear rules and is compliant and orderly. reporting its tax responsibilities and preferences transparently in its reports.During the reporting period the Company focused on deepening internal control management in the following areas:

Business Ethics

Specific Areas Detailed Content

Improve the internal control system according to relevant regulations and establish The Company is committed to achieving strategic upgrades by constructing a multi-dimensional governance system

Internal Control System Construction multiple policies to clarify internal control standards and processes ensuring continuously strengthening governance effectiveness and core competitiveness and promoting the high-quality

compliance and order in the Company's operations. development of the enterprise.Enhance the Company's articles of association revise and establish certain

Governance System Improvement corporate governance policies ensuring a sound governance structure and Anti-corruption and Anti-bribery

transparent standardized operations. Management System and Regulations

Actively foster an internal control culture creating a positive environment via

Internal Control Culture Construction

diverse means to strongly support the Company's sustainable development. Weiming Environment Protection integrates anti-corruption into its core operations strictly adhering to Chinese

laws. We've established robust internal controls and Anti-corruption Management Regulations governing all

Focus on key areas for special governance improving management efficiency and business conduct. Regular integrity training and audits reinforce compliance standards while our zero-tolerance

Special Governance

reducing operational risks through process optimization and other measures. polic y ensures immediate ac tion against violations. These measures maintain ethical operations suppor t

sustainable growth and uphold our reputation as a trustworthy enterprise committed to clean business practices.Internal Audit Anti-corruption and Anti-unfair CompetitionInternal Control System

The Company enforces a zero-tolerance anti-corruption and anti-unfair competition policy backed by concrete measures:

In accordance with relevant regulations such as the General

Company Law of the People's Republic of China Audit Meeting of Shareholders (1) Internal Audits: An independent audit team ensures compliance with laws and internal rules through regular financial and

Law of the People's Republic of China and the Company's Board of Supervisors operational reviews.Articles of Association and in combination with the actual Board of Directors (2) Training Programs: Regular sessions on clean governance and workplace ethics aligned with corporate policies educate

situation of the Company the Company conducts various all employees.internal audits of projects every year to ensure that all The Board of Directors shall

business activities can strictly comply with the relevant establish implement and (3) Reporting Channels: Secure anonymous whistleblowing systems protect reporters while addressing violations.internal control systems and management measures. assess the effectiveness of (4) Supplier Integrity: Partners must sign integrity pledges committing to ethical collaboration and corruption prevention.the internal control system

During the reporting period the Company continuously in line with the Enterprise

strengthened the supervisory function of the internal audit Internal Control Standard

department significantly improving the efficiency and System. The Board of Supervisors

shall supervise the inter- During the reporting period

effectiveness of its supervision over the implementation of

nal control system estab-

internal control-related systems. Audit Committee lished and implemented No corruption or bribery in all procurement activities.by the Board of Directors.The Audit Committee comprising 3 directors with two-

thirds being independent oversees internal control The Audit Committee shall Number of Participants in Anti-corruption and Business Ethics Training:

systems and reports to the Board. During the period the supervise and evaluate the

Company conducted internal audit training to enhance the Company's internal audit

Board of Directors Senior Management Middle Management Ordinary Employees

system and its implemen-

department's capabilities and standards. 9 people 207 people 490 people 1035 peopletation.WEIMING

38 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Improving Governance Structure to Strengthen the Foundation for Development 39

Reporting and Supervision Mechanism

The Company operates a centralized reporting system with an email hotline and postal address for reporting corrupt

activities like bribery extortion fraud and money laundering by employees and stakeholders. A Supervision and Audit

Department oversees these channels maintaining confidentiality. Anti-corruption policies protect whistleblowers from

retaliation and violations may result in dismissal or legal action. No corruption reports were filed in 2024.Reporting Channels

* Reporting Hotline: 0577-86056018-6389

* E-mail: wmhbnsb@cnweiming.com

* Offline Reporting Channels:

Each subsidiary company is required to publicly

display the internal audit super vision and

reporting channels for a long time in office

areas such as the cafeteria and the bulletin

board.Optimizing Environmental Management Water Resources Utilization Protect the Ecological

Energy Utilization Circular Economy Foundation & Create a

Response to Climate Change Biodiversity 04

Treatment of Three Wastes Green FutureWEIMING

42 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 43

Weiming Environment Protection Energy Management Measures

Optimizing Environmental Management

Optimize Energy Efficiency

The Company complies with environmental laws and follows a principle of conserving energy reducing consumption

* Phase out outdated electrical equipment; install industrial variable frequency drives (VFDs) for high-power motors to reduce

emissions and improving efficiency. It has established management documents for all environmental factors and

consumption.implements these systems in operations to effectively control environmental risks. The Company has formulated internal

* Retrofit cooling fans on boiler auxiliary burners to lower plant electricity usage.rules and regulations such as the Management Measures of Three Wastes（Wastewater Waste Gas and solid waste)* Strengthen wastewater and overflow control to minimize rainwater pump operation cutting power consumption.to standardize environmental management work and ensure that wastewater waste and noise emissions comply with

* Deploy waste heat-to-power systems converting excess heat from waste incineration into electricity to improve overall

national and local environmental protection laws and regulations. In accordance with the Management Measures for the

energy efficiency.Legal Disclosure of Corporate Environmental Information promulgated by the Ministry of Ecology and Environment（MEE）

the Company prepares annual and interim reports on the law-based disclosure of environmental information as required

and uploads them to the enterprise environmental information law-based disclosure system within the specified time limits

Daily Management

respectively.* Optimize operational parameters to enhance efficiency and reduce energy consumption.In 2024 Weiming Environment Protection's 30 subsidiary companies were audited and certified under ISO 14001 * Promote double-sided printing regulate AC temperatures and enforce "lights-off" policies to minimize office energy use.Environmental Management System with an increased compliance rate. New and ongoing projects are also actively pursuing

ISO 14001 environmental management system construction.Based on the results of the environmental risk assessment the Company continuously optimizes the Contingency Plan for Energy Training Sustainable Procurement

Environmental Emergencies establishes an efficient and orderly emergency response mechanism and comprehensively * Ongoing energy efficiency training for employees and * Integrate equipment energy consumption management

inspects and equips necessary emergency facilities and rescue materials. The Company identifies environmental hazards management strengthens corporate conservation into procurement processes prioritizing low-energy

assesses risks and implements control measures to address pollution and climate disasters. It also conducts emergency drills culture. and eco-friendly devices.and safety training to improve employee response and ensure rapid effective risk management safeguarding employee safety

and operational stability. Case Innovative Utilization of Energy in Indonesia High-grade Nickel Matte Project

Weiming Environment Protection's Jiaman Indonesia High-grade

Energy Utilization Nickel Matte Project now in trial production features an advanced

waste heat power generation system to enhance energy conservation

and efficiency. The system recycles high-temperature flue gas and

The Company primarily acquires clean energy (electricity steam) via WTE operations supplemented by municipal grid waste heat from production driving a steam turbine to generate

purchases and rooftop PV systems. Each Project Company continuously optimizes energy structures and environmental safety electricity. This system is integrated with the production line

to steadily increase green/low-carbon energy share. collecting waste heat from various processes and maximizing its

value. It improves the project's power self-sufficiency and reduces

Environmental Impact Analysis of Each Segment of the Company grid dependency and electricity costs. At full capacity the system is

projected to produce about 80 million kilowatt-hours annually cutting

Business Types Energy Usage Types carbon dioxide emissions by approximately 80000 tons compared to

coal-fired power generation.Incineration Disposal Natural gas diesel electricity etc.Wastewater

Treatment Electricity etc. During the reporting period the Project Companies

under Weiming Environment Protection actively Case Continue to Add New WTE Projects to Promote Sustainable Dvelopment of Carbon

Landfill Disposal Electricity diesel gasoline etc. carried out energy-saving and consumption- Emission Reduction

reduction activit ies in accordance with the

Kitchen Waste In 2024 the Company launched 7 new waste-to-energy (WTE) projects with a combined daily capacity of 3500

Disposal Electricity steam etc. Measures for Climate Change Response issued by tons. Once fully operational these projects are projected to cut annual CO2 emissions by approximately 350000

the Company and promoted effective energy-saving tons. By year-end the Company's portfolio included 55 WTE projects 3 of which were in trial operation with a

Office Operations Electricity gasoline etc. measuresed on their own circumstances. total daily capacity of around 37000 tons. These projects are expected to reduce CO2 emissions by about 4.5

Waste Collection and million tons annually compared to traditional coal-fired power plants.Transportation Electricity diesel gasoline etc.WEIMING

44 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 45

Climate-Related Risks and Opportunities Matrix

Response to Climate Change High

Sustainable Energy

The Company monitors global climate trends and domestic policies including the Measures for the Administration of Weiming Environment Protection has developed a comprehe- Severe Natural Factors and Waste Disposal

Greenhouse Gas Voluntary Emission Reduction Trading (for Trial Implementation) and the energy "Dual-Control" Scheme. nsive climate risk management system that identifies risks in Solutions

In response it has implemented the Measures for Climate Change Response to enhance climate mitigation efforts and three key areas:

Market Risks New Material reduce GHG emissions across the Company and its subsidiaries. Transformation

Natural disasters market volatility and reputation. It also

Governance Strategy focuses on opportunities in low-carbon business growth

green technology innovation and resource efficiency. The

The Company has established a climate change managem- The identified GHG emissions mainly come from indirect Transformation of

company uses this framework to assess operational and Consumer Behavior

ent structure of "Board of Directors-Strategy and ESG Com- GHG emissions generated by purchased electricity auxiliary

financial impacts and integrates climate factors into its risk

mittee-Strategy and ESG Committee Office-Business Work- production coal natural gas etc.management and strategic planning aiming to advance

ing Group" in accordance with the Measures for Climate Reputational Risks

corporate sustainabilit y and suppor t national carbon

Change Response to ensure that climate-related issues are Weiming Environment Protect ion has formulated a

included in the Company's strategic decision-making and clear management strategy to respond to the risks and

reduction targets.business operations enabling effective governance and opportunities of climate change by improving resource Medium Probability of Impact of Risks and Opportunities High

implementation. utilization efficiency information disclosure and developing

and using clean energy.The Board of Directors coordinates the Company's climate Climate-related Climate-related

Among them in terms of improving resource utilization Risks Opportunitieschange response and low-carbon strategies bearing

final decision-making and supervisory duties to integrate efficiency the Company reduces GHG emissions and

climate management into the core business. improves resource utilization efficiency through technological * Financial Impact Analysis of Climate Risk

innovation models and implementation of scientif ic

The Strategy and ESG Committee is tasked with reviewing management measures.assessing and monitoring key ESG-related issues like The Company using its environmental protection strengths Type Level Specific Description

Potential

Financial Impact Countermeasures

climate change covering objective planning policy develops and deploys various clean energy solutions. It

creation implementation risk evaluation performance has implemented rooftop photovoltaic projects at Weiming Weiming Environment Protection Enrich information disclosure

measurement and information disclosure. Equipment Group's factory and Yongjia Sewage Treatment specializes in waste-to-energy and Operating channels publish special re-

Plant covering 33000 square meters with a 5600kwp Reputation risk M waste treatment. Classified as eco- income ↓ ports in industry forums share

The Strategy and ESG Committee Office is responsible capacity. These projects can generate up to 5.45 million kWh sector but listed as key polluter Credit risk ↑ the Company's green cases and

for the overall management planning guidance and annually. In 2024 its photovoltaic projects produced 3.60 facing reputational risks. strengthen company publicity.supervision of the Company's climate change response million kWh of clean electricity.efforts and shall report work progress to the Committee at Develop emergency plans for

least once a year. floods typhoons and high tem-

Project companies in the southeast

Severe peratures and conduct regular coastal area face typhoons heavy Operating

training to improve disaster pre-

Impact Risk and Opportunity Management natural M rains and extreme heat which may income ↓ paredness. Provide heat relief for

factors cause property damage business Credit risk ↑ employees and enhance equip-

closures and income losses.* Identification: ment cooling with increased in-

The Company identified three climate-related risks and three opportunities with reference to the internationally accepted spections and maintenance.disclosure framework for addressing climate change. To comply with stricter environmen- Establish dedicated teams or

* Assessment: Operating tal policies the company must imp- engage external experts to mon-

Based on the Company's fundamentals the Company assesses climate-related risks and opportunities in combination income ↓lement technical reforms upgrade itor and report on environmental

with the opinions of internal and external experts. Market risk M Operating costs ↑production equipment and invest policies while conducting regu-

* Analysis: Fixed asset more in R&D for energy-saving and lar staff training to ensure com-

Based on the assessment results a climate-related risk and opportunity matrix is constructed and the priority of risks and value ↓eco-friendly facilities. pliance and avoid penalty costs.opportunities is determined in combination with the probability and impact of risks and opportunities.*M:Medium

Degree of Impact of Risks and OpportunitiesWEIMING

46 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 47

Indicators and Goals

The Company has set greenhouse gas (GHG) management goals to achieve initial decarbonization by 2030 and deep

decarbonization by 2060.* Financial Impact Analysis of Climate Opportunities * Company Climate Change Management Goals

Type Level Specific Description Potential Financial Impact Preliminar y Decarbonization Stage

Sustainable energy: Reduce GHG emissions practice the concept of circular development strengthen

With the gradual reduction of fossil fuel reserves and the increasing From Now to 2030 the support of scientific and technological innovation promote the empowerment

awareness of environmental protection clean energy such as solar of digital technology drive the transformation of the energy structure improve

energy geothermal energy wind energy etc. are growing rapidly energy utilization efficiency and create a green and low-carbon supply chain.and are expected to become the dominant energy in the future. Sustained Decarbonization Period

Under the background of the above energy transformation Weiming

Fully realize the empowerment of digital technology significantly increase the use of

Environment Protection has effectively replaced the traditional

clean energy carry out near-zero-carbon construction in the factory area enhance

power grid power supply dominated by thermal power generation by From 2031 to 2040

Sustainable carbon-negative technology and ensure that the main purchased raw materials meet the

using the heat energy generated by garbage incineration to generate

energy and waste Operating Company's carbon emission reduction targets.H electricity thereby significantly promoting the reduction of GHG

management income ↑

emissions. Deep Decarbonization Period

solutions

Waste treatment: Comprehensively apply clean energy and promote the application of relatively From 2041 to 2060

Relying on its rich experience in solid waste treatment and the mature carbon-negative technologies and strive to achieve carbon neutrality.advantages of the entire industrial chain the Company actively

develops waste treatment processes and engages in waste treatment

business. Through industry-leading R&D capabilities and technical * Weiming Environment Protection Carbon Reduction Path Planning

levels complex and diverse general wastes are harmlessly treated to

eliminate environmental pollution hazards.Under the active promotion of government policies in various 01 02

countries the new energy vehicle market is ushering in its rapid

Establish a GHG accounting mechanism to Carry out GHG accounting work regularly monitor and report GHG emissions

development stage. Looking to the future with the further

determine the GHG emission baseline. and formulate carbon targets.improvement of new energy vehicle performance the further

Transformation reduction of production costs and the enhancement of public Operating

H environmental awareness these factors will continue to promote the

of new materials income ↑expansion of the new energy vehicle market. The Company has made

forward-looking strategic layout in the field of new energy power 03 05

battery materials. It will make full use of new market opportunities

and closely follow the development trend of the new energy vehicle Through technological innovation and the implementation of scientific management measures Explore and invest in

reduce GHG emissions and improve resource utilization efficiency.industry to meet the growing market demand. carbon offset projects

and participate

in carbon market

As consumers' environmental awareness increases WTE has gradually transactions to

Changes in become popular due to its advantages such as high efficiency Operating 04 compensate for part of

consumer M environmental protection and resource recycling. This has provided income ↑ the carbon emissions.behavior Weiming Environment Protection with broad development space in Operating costs ↓ According to the Company's carbon emission reduction targets adopt corresponding measures

areas with incomplete waste disposal infrastructure. to achieve near-zero carbon emissions.*M:Medium

H: HighWEIMING

48 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 49

* Sources of GHG Emissions from Weiming Environment Protection * Types of Solid Waste of the Company

Range Type Emission Sources Business Types Types of Solid Waste Business Types Types of Solid Waste

Scope 1 Direct emissions from businesses owned or controlled by the Company General solid waste: biogas residue General solid waste: slag etc.Incineration Kitchen Waste waste grease etc.Scope 2 Indirect emissions from purchased or acquired electricity and steam consumed by the Company Disposal Hazardous waste: fly ash waste bags Disposal Hazardous waste: waste engine oil

All other indirect emissions occurring outside of the Company's organizational structure including waste catalysts waste mineral oil etc. etc.Scope 3

upstream and downstream emissions Wastewater General solid waste: domestic gar-

Hazardous waste: waste film etc. Office Operations

Treatment bage etc.* Sources of GHG Emissions from Weiming Environment Protection

* Waste Management Goals and Planning

Business Unit

Type GHG Emission Types Production Link The Company is dedicated to developing a comprehensive environmental protection infrastructure to address urban

waste issues and foster sustainable ecological development aiming to become a leading enterprise in the solid waste

Incineration treatment management industry chain. It focuses on municipal solid waste incineration and coordinates the treatment of various

CO2

Composting treatment waste types. The Company plans to expand its presence in both domestic and international waste treatment markets Environment adopting advanced international practices to improve technological processes and environmental performance.Protection group Aerobic composting

CH4 Solid waste Each Project Company must implement a solid waste classification system provide suitable

Anaerobic digestion

disposal collection facilities and designate temporary storage areas based on waste type.CO2 Indirect generation of industrial electricity methods: The Company promotes sustainable packaging management by increasing the use of recyclable

Equipment Group

HFCs Use of refrigeration equipment reusable and eco-friendly materials to reduce environmental impact and lower material costs.Hazardous solid waste shall be uniformly disposed of by qualified units entrusted by each project

New Energy Group CO2 Using oxygen-enriched side-blown furnace company.Each Project Company must dispose non-recyclable waste at designated facilities ensuring full

* GHG Emissions Performance Table compliance with environmental regulations.Indicator Item Unit 2022 2023 2024 Each Project Company shall improve recyclable waste efficiency by partnering with specialized

entities to enable resource circulation and support sustainability.Scope 1 Tons of CO2 Equivalent 15792 14827 57003

Scope 2 (Location-Based) Tons of CO2 Equivalent 8172 13904 20384 Case Renovation of Fly Ash Receiving Equipment at Ruian WTE Plant Completed

Total (Scope 1 + Scope 2) Tons of CO2 Equivalent 23964 28731 77387

Fly ash generated from the incineration of

domestic waste is hazardous waste. Using

Treatment of Three Wastes new treatment processes and equipment the

Company's Rui'an WTE plant has successfully

enabled the reception of raw ash by pump trucks

Treatment of Waste significantly improving fly ash reception efficiency.This approach not only reduces costs but also

effectively prevents dust and leakage during fly

The Company will manage solid waste in compliance with approved environmental assessments and applicable regulations. ash transportation and treatment minimizing

Solid waste will be reasonably stored classified and recycled to ensure compliance with the Standard for Pollution Control environmental pollution and human health risks.on the Non-hazardous Industrial Solid Waste Storage and Landfill (GB18599-2020) and other requirements and implement

measures such as leakage prevention rain prevention and dust prevention. The Company will promote recyclable/reusable

packaging boost recycled material usage cut environmental impact and optimize material costs.WEIMING

50 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 51

Waste Gas Management

Pollutant Emissions

Weiming Environment Protection strictly complies with the laws and regulations such as the Law of the People's Republic of

Wastewater Management China on the Prevention and Control of Atmospheric Pollution as well as internal regulations like the Management Measures

of Three Wastes. At the same time the Company's projects manage pollutants in accordance with environmental impact

Weiming Environment Protection strictly complies with the laws and regulations such as the Law of the People's Republic of assessment approval documents Pollution Discharge Permits etc. follow the self-monitoring plan regularly entrust

China on Prevention and Control of Water Pollution as well as internal regulations like the Management Measures of Three qualified units to monitor various indicators of waste gas emissions build network and maintain a Continuous Emissions

Wastes to clarify the management process and control objectives of wastewater discharge. The environmental protection Monitoring Systems (CEMS) and disclose waste gas emissions on the domestic WTE plants' automatic monitoring data

departments of each subsidiary of the Company are responsible for regularly updating the wastewater discharge inventory disclosure platform as required. In case of any project company's environmental protection equipment abnormality the

accurately identifying the types of wastewater discharge effectively controlling the potential risks in the discharge process Company immediately activates its emergency response plan conducts rapid rectification and ensures emissions are only

and ensuring that production and business activities comply with national and local environmental protection laws and discharged after confirming compliance with standards through monitoring.regulations. During the reporting period the Company ensured 100% of its wastewater discharged in full compliance with

standards. * Types of Waste Gas Emissions of the Company

* Types of Wastewater Discharge of the Company Business Types Types of Pollutants

Business Types Related Indicators of the Company's Wastewater Discharge Particulate matter sulfur dioxide carbon monoxide hydrogen chloride nitrogen oxides antimony Incineration

arsenic lead chromium cobalt copper manganese nickel and their compounds cadmium thallium

Chromaticity chemical oxygen demand five-day biochemical oxygen demand suspended solids Disposal

Incineration and their compounds mercury and their compounds dioxins etc.total nitrogen ammonia nitrogen total phosphorus fecal coliform bacteria total mercury total

disposal

cadmium total chromium hexavalent chromium total arsenic total lead etc. Wastewater Ammonia hydrogen sulfide odor etc.Treatment

Chemical oxygen demand five-day biochemical oxygen demand suspended solids total nitrogen

Landfill disposal ammonia nitrogen total phosphorus fecal coliform bacteria total mercury total cadmium total

chromium hexavalent chromium total arsenic total lead etc. Landfill Disposal Particulate matter hydrogen sulfide ammonia etc.Kitchen waste Suspended solids five-day biochemical oxygen demand chemical oxygen demand ammonia Kitchen Waste

disposal nitrogen total phosphorus animal and vegetable oils etc. Hydrogen sulfide ammonia odor etc.Disposal

Waste

Many of the Company's environmental protection projects such as the Linjiang WTE Project Yongfeng WTE Project and Collection and Felonious gases vehicle exhaust etc.Ningjin WTE Project have successfully achieved zero wastewater discharge and effectively managed water resources Transportation

through a recycling system. The domestic sewage the external drainage of the desalted water workshop flushing water

for the main plant and elevated ground garbage storage pit leachate and initial rainwater generated in these projects have The company utilizes a flue gas purification system that combines SNCR denitrification semi-dry and dry deacidification

all met the concentration limits specified in the Standard for pollution control on the landfill site of municipal solid waste activated carbon adsorption bag filtration and optional SCR denitrification with wet deacidification to treat waste gas. This

(GB16889-2024) and the requirements for the inlet water quality of the open circulating cooling water system as specified system effectively removes pollutants such as particulate matter nitrogen oxides and acid gases enhances denitrification

in the Reuse of Urban Recycling Water-Water Quality Standard for Industrial Uses (GB/T19923-2024) after treatment at the efficiency and ensures compliance with environmental standards.leachate treatment station. These measures ensure the recycling and reuse of water resources while avoiding wastewater

dischar. Additionally the Company's Yongjia Sewage Treatment Plant processes urban sewage to meet discharge standards * Waste Gas Emission Targets

before releasing it into the municipal pipe network.Operation rate of Collection rate of

Case Wastewater Recycling waste gas treatment Qualified rate for Availability rate of waste gas from each

facilities monitoring of

The Wuyuan WTE project implemented a sewage treatment process combining pretreatment UASB reactor MBR waste gas treatment production unit organized emission

NF and RO to recycle landfill leachate. The treated water is reused for greening and road spraying conserving 100% facilities 100% outlets

water resources reducing freshwater use improving water efficiency and contributing to energy conservation and 100%

emission reduction. 100%WEIMING

52 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Protect the Ecological Foundation & Create a Green Future 53

In the reporting period in terms of waste disposal business the holding project completed the storage of 12.5438 million

tons of household waste a year-on-year increase of 11.99%. At the same time the on grid electricity supply reached 3.618

Water Resources Utilization billion kWh a year-on-year increase of 14.57%. The company advanced in project scale and technical upgrades with the

Longquan WTE project adding 200 tons/day capacity for industrial solid waste and sludge incineration reaching a total of

500 tons/day. Yongqiang Company implemented a 500 tons/day slag resource utilization pretreatment intelligent technical

Weiming Environment Protection requires a large amount of water resources in its daily operations including drinking transformation project to enhance resource recycling efficiency.water clean water toilet water and production water such as cooling water in waste-to-energy projects and preparation of

chemical solvents in sewage treatment projects. As of the end of the reporting period the Company and its subsidiaries have cumulatively obtained approximately 4.92

million green certificates. Kunshan Company successfully completed the first green certificate transaction sold 23500

green certificates and realized sales revenue which fully demonstrated the Company's efficient integration and value

Business Types Types of Water Sources Used creation capabilities in the circular economy industry chain.Incineration

Municipal water supply surface water groundwater reclaimed water rainwater etc.Disposal Biodiversity

Domestic sewage landfill leachate ground flushing washing water and initial rainwater industrial

Wastewater

wastewater (including wastewater from chemical water treatment systems and boiler blowdown Biodiversity Risk Assessment and Response

Treatment

water) etc. Weiming Environment Protection focuses on addressing challenges from ecological degradation and biodiversity loss actively

engaging in risk identification assessment control and disclosure and continuously improving its ability to respond to

Office Operations Municipal water supply etc. natural risks. For risk identification a questionnaire survey was conducted at major manufacturing bases supplemented by

desk research to identify potential risk factors near operational sites.Waste Collection

The Company analyzed questionnaires aligned with trends reviewed literature and compiled a list of nature-related risks with

and Transporta- Municipal water supply etc.management strategies which was submitted to the Strategy and ESG Committee. The risk management framework will be

tion

monitored with regular reports and disclosures. Additionally nature-related risks will be integrated into the Company's holistic

risk management and value chain risk management processes.Industry Promotes Biodiversity

Case Condensate Recycling

Weiming Environment Protection has been carrying out environmental protection science popularization and education for a

long time and regards it as an important part of fulfilling social responsibilities. Many WTE projects of the Company such as

The company recycles steam condensate during the WTE process. The condensate recovery system collects Linjiang Phase II Yongqiang Phase II Jiashan Phase I etc. have been listed as environmental protection facilities open units.condensate from heat exchange treating it through iron and oil removal and filtration to meet water quality These projects regularly hold Environmental Protection Open Days offering local citizens and students a platform to learn

standards. This treated water can be reused as boiler feed enhancing the thermal system's water recycling and environmental knowledge. Leveraging professional expertise and facility resources they establish specialized advocacy bases

reducing fresh water consumption and production costs. to continuously promote environmental concepts enhancing public awareness and engagement.Green Production and Consumption: Promote Resource Conservation and

Environmental Protection

Weiming Environment Protection is dedicated to advancing green production and consumption. Its environmental projects

have completed the Mandatory Clean Production Audit. The company prioritizes energy-efficient appliances efficient lighting

water-saving devices and green building materials in its offices. Weiming fosters resource-saving and eco-friendly production

Circular Economy methods and lifestyles aiming to minimize ecological impact and support economic-environmental harmony.Ecological Protection and Restoration: Actively Participate In Ecological Projects

According to the Circular Economy Promotion Law of the People's Republic of China the Company's environmental

and Restore the Ecosystem

protection projects for the "harmless reduced and resourced" treatment of domestic waste are an important part of the

"circular economy". All new rebuilt and expanded projects of the Company fully meet the requirements of the control The Company engages in ecological projects like afforestation and wetland protection to restore ecosystems and enhance

indicators of major pollutant emissions construction land and total water use in the administrative area where the project environmental quality. Initiatives such as Kunshan WTE Plant's "Tree Planting Day" beautify the surroundings and foster

is located. At the same time the Company actively improves the efficiency of waste use and actively carries out waste teamwork and environmental consciousness. These efforts support biodiversity conservation and offer improved habitats for

recycling based on its own professional technology thereby reducing the impact of waste on the environment and society. organisms.Product Quality and Safety Intellectual Property Protection Foresight & Innovation-

Customer Service Management Data Security and Customer Privacy Protection 05

Innovation-driven Supply Chain Security driven DevelopmentWEIMING

56 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Foresight & Innovation-driven Development 57

Product Quality and Safety Customer Service Management

Weiming Environment Protection upholds the philosophy of "Continuous Improvement and Safety First". The Company Weiming Environment Protection has always upheld the "customer-centric" service philosophy and has been committed

strictly complies with relevant laws and regulations such as the Law of the People's Republic of China on Product Quality to providing customers with efficient professional and sustainable service experience. Through a comprehensive service

and the Law of the People's Republic of China on Work Safety and has established a complete product and service system innovative service models and continuous communication with clients the Company consistently enhances

quality management and safety assurance system. According to the requirements of laws and regulations the Company's customer satisfaction and promotes mutual growth between the enterprise and its customers.subordinate projects have obtained relevant qualifications such as the Special Equipment Manufacturing Production

License set up safety production management organizations as required and equipped with full-time safety production The Company has set up a customer service management system to define service procedures response times and quality

management personnel and professional and technical personnel with special operations and other qualifications. benchmarks ensuring prompt and expert customer service. It offers various service channels such as hotlines online

support emails and on-site assistance for efficient customer support. In response to complaints the after-sales team

The company delivers reliable power and waste solutions through standardized quality processes. The Equipment and New promptly logs and analyzes them to address issues swiftly. Major complaints are escalated to management for appropriate

Energy Groups oversee material sourcing production and inspections with pre-shipment testing for all products. Dedicated resolution.project teams maintain quality compliance in engineering contracts from design to construction.Weiming Environment Protection will continue to deepen customer service management optimize service systems and

Weiming Environment Protection will further enhance quality management and safety assurance refine production processes processes and improve customer satisfaction and loyalty.and technical specifications and improve product quality and safety in the future.Quality Management Process Innovation-driven

Purchasing Manufacturing Technological

Process Process Process Weiming Environment Protection prioritizes innovation for sustainable growth. In 2024 the company will boost tech

R&D investment focusing on low-carbon resource efficiency and intelligence. It aims to enhance industry-academia-

The Procurement Department has The Manufacturing Department The Equipment Group's Technology research collaboration expedite tech achievement commercialization and drive comprehensive tech upgrades in

established clear supplier selection rigorously inspects raw materials D e pa r t m e n t o v e r s e e s q u a l i t y waste management equipment manufacturing and renewable energy. The goal is to foster the company's sustainable

criteria regularly evaluates the purchased components semi-finis- m a n a ge m e n t b y e sta b l i s h i n g development and invigorate environmental protection efforts through both technological and managerial innovation.product quality of suppliers and hed products etc. adheres to desi- inspection standards leading

improves supplier delivery quality gn specifications implements end- product design and conducting Key Innovation-driven Projects in 2024

to ensure product quality from the to-end quality control and collabo- f i n a l i n s p e ct i o n s . I t p ro v i d e s

source. rates with the technical team to en- technical support to manufacturing New Energy Group:

sure product compliance. and resolves production issues to Expanding International Layout and Leading Technological Innovation

ensure quality compliance.* Jiaman High-grade Nickel Matte Project: * Institutional System Construction:

The Company successfully trialed production at its Indonesia More than 100 institutional documents were drafted through-

facility achieving breakthrough side-blown furnace smelting out the year covering management systems operating

technology. This milestone strengthens its technical expertise procedures emergency plans and other categories providing

Case T he 2024 Special Quality and Safety Inspection for the Indonesian Jiaman

High-grade Nickel Matte Project Was Carried Out to Comprehensively Improve and global leadership in new energy materials. a solid institutional guarantee for project operations.the Construction Management Level

* Cooperation with Design Research Institute:

In January 2024 the Jaman High-grade Nickel Matte Project in Indonesia The Company has signed a Technical Promotion Cooperation Agreement with Changsha Nonferrous Metallurgy Design and

underwent a special quality and safety inspection to enhance constructi- Research Institute Co. Ltd. in the field of nickel smelting. Both parties are jointly advancing ongoing technological development

on site safety management and ensure quality installations. The inspect- and market promotion in the smelting of laterite nickel ore and the production of high-grade nickel matte.ion covered various aspects including civil engineering steel structures Manufacturing operations of the Equipment Group:

pipelines fire protection anti-corrosion coatings thermal insulation Strengthening Core Capabilities and Expanding Emerging Businesses

safety facilities safety training and construction practices. The project

team is committed to reinforcing internal management enhancing * In 2024 the Equipment Group made significant strides in innovation and market growth with sales revenue steadily

construction quality and delivering high-quality projects. increasing. They completed production for the Qingmeibang and Shengqing projects enhancing their competitiveness in

environmental and new material equipment manufacturing.* In business expansion the Equipment Group has successfully established a photovoltaic power generation business team

laying the foundation for expanding its new energy business.WEIMING

58 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Foresight & Innovation-driven Development 59

Key Innovation-driven Projects in 2024 R&D and Innovation Management

Comprehensive management of the Equipment Group:

Optimize the Production System and Improve Operational Efficiency The Company has implemented a structured R&D and innovation management system standardizing organizational

frameworks responsibility allocation and end-to-end processes while establishing clear innovation goals and strategies.* Comprehensive management:

Optimize the production system and improve operational efficiency

During the reporting period The Technical Committee

* Organizational structure adjustment:

Establish a manufacturing center set up multiple manufacturing departments The Company invested The Technical Committee (TC) serves as the Company's central R&D decision-making

and electrical instrument manufacturing departments and build a product- 1.14 bilion RMB in R&D body tasked with setting R&D strategies and priorities managing critical technology

centricmanufacturing management system. projects and imports approving enterprise-level R&D initiatives and budgets and

accounting for1.59% of guiding Group-wide innovation management.* System construction and Work Safety: operating income. R&D

Refine internal administrative regulations such as Production Management Measures Innovation

Quality Management Measures and Work Safety Management Regulations carry out Each Group's Technology

safe operation training and special equipment training and improve employees' safety The Company's R&D team has Management Department Management

awareness and operating skills. 377 people. Group TMD – Develops R&D strategies oversees project execution and facilitates Structure

tech commercialization.* Production efficiency improvement:

Integrate the resources of Binhai Dushan and Shacheng equipment factories to

optimize the production process. Improve workshop environments and enhance work

efficiency by deploying equipment such as laser rust removal and welding gun dust Each Group Subsidiar y

collection systems.Each Group Subsidiary is responsible for the implementation and execution of its

* New product development: own R&D and innovation projects and must establish a project approval process

Successfully launch a series of products such as reactors filters butterfly valves filter- and results registration accounts and hand them over to the technical management

bag diaphragm bags etc. to enhance product competitiveness. department of the group to which it belongs for centralized control.To boost researchers' innovation the Company has created a performance evaluation and incentive system that includes

R&D conversion and technological contribution metrics and rewards significant tech and economic achievements. It also

offers career paths and training to foster an innovative environment.Case I n donesia Jiaman High-grade Nickel Matte Project: Adopting the Advanced

Oxygen-enriched Side-blowing Pyrometallurgical Process

In 2024 Weiming Environment Protection's Indonesia Jiaman Project a high-grade nickel matte initiative made

notable progress using cutting-edge oxygen-enriched side-blowing pyrometallurgical technology. The initial

production line started in Q3 and is now in full-system commissioning. The technology boosts redox reactions

by increasing furnace oxygen levels speeding up production and cutting energy use per unit. Additionally the

continuous feeding and smelting enabled by this technology streamline workflows minimize equipment needs

and reduce both capital and maintenance expenses.Weiming Environment Protection will continue to enhance its innovation closed-loop system using technology to promote

the coordinated growth of environmental economic and social benefits. The company aims to provide innovative solutions

for global low-carbon transformation.WEIMING

60 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Foresight & Innovation-driven Development 61

Boost the Sustainable Development of the Industry The Company embeds its "innovation respect shared mutual benefit" IP philosophy into operations via early warning

training and improved contract management. For example co-op contracts specify confidentiality IP rights licensing and

The Company remains engaged in shaping environmental protection standards pursuing key projects and awards. It infringement responsibilities.Suppliers are mandated to provide "Intellectual Property and Confidentiality Undertakings

also actively participates in technical exchange forums leveraging its R&D leadership to contribute to the industry's for Supplied Products ." These initiatives not only safeguard the Company's innovative outputs but also foster a robust

technological innovation and growth. intellectual property ecosystem across the industry.During the reporting period the Company participated in the formulation of a number of standards including the

Technical Guidelines for Treatment of Municipal Solid Waste Incineration Residues (RISN-TG053-2024) and the Standard for

Engineering Technology of Municipal Solid Waste Incineration and Energy Utilization (GB/T 51452-2024). During the reporting period

Comply with Scientific Ethics The company has obtained approximately 342 patents and software copyrights in total.The Company upholds scientific integrity and ethics in R&D and innovation embedding responsible innovation throughout

technology development. It complies with national laws regulations and industry standards integrates green and low- 79 new patents Including: 59 utility model patents 6 invention patents 14 software copyrights

carbon principles into R&D evaluates the environmental impact of technical solutions and prioritizes clean production and

renewable resources.Covered boiler systems turbine systems automatic control systems flue gas purification resource recycling

The Company has established a strict ethics review process to protect public health and societal interests while pursuing energy conservation and emission reduction etc.technological advancements. It actively assumes corporate social responsibility by incorporating sustainable development

goals into its innovation aiming for a balanced approach that includes environmental protection social progress and

economic benefits. This ensures a harmonious relationship between scientific advancements and human well-being.Case T he Equipment Group Successfully Passed the Super vision and Audit for Its

Intellectual Property Management System

Intellectual Property Protection In July 2024 Zhong gui (Beijing ) Cer tif ication Co. Ltd. per formed a

second supervisory audit on the Equipment Group's intellectual property

management system. The audit team comprehensively review the Group's

The Company has established and continuously improved the intellectual property management system in compliance

administrative production sales technical procurement and other

with the relevant laws and regulations such as Chins's Patent Law Copyright Law Trademark Law. In 2024 the Company

departments against the Intellectual Property Management for Research

further improved the Intellectual Property Management Measures optimized the full-process management mechanism of

and Development Organizations (GB/T29490-2013) the Equipment Group's

patent technology clarified the responsibilities and powers of each department and refined the full life cycle management

management system documents and relevant national laws and regulations.specifications from technology R&D patent application to achievement transformation. In order to strengthen the

The audit found no issues and commended the Equipment Group's intellectual

protection of intellectual property rights the Company has established a patent classification management system to

property management system recommending continued certification due to

implement key protection of core technologies.its standardized and effective practices.* Organize the formulation of IP-related systems

* Guide supervise and inspect the Company's IP-related work

* Establish IP archives Data Security and

Company

legal * Organize the formulation of implementation rules for IP matters of

Customer Privacy Protection

subordinate companies

department * Guide supervise and inspect the IP-related work of subordinate Weiming Environment Protection prioritizes data security and privacy strictly complying with China's Cybersecurity

companies Law Data Security Law and Personal Information Protection Law. The company has established robust systems

* Manage the IP archives of its subordinate companies

Each group's including Information Security Management and Confidentiality Management ensuring legal legitimate and necessary * Report IP work to the legal department of the headquarters

management unit data collection and usage. These frameworks define confidentiality standards protective measures and personnel

responsibilities for handling all data in compliance with regulations.* As the executive body of IP matters the subsidiaries of each Group are

Subsidiaries The Company enforces management measures to align with systems such as establishing an information security system responsible for the development application registration and filing of IP

with advanced technical tools improving employee training performing confidentiality inspections and using NDAs in certain

business operations. These actions protect the information security interests of customers employees and the Company.Intellectual Property(IP) Management FrameworkWEIMING

62 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Foresight & Innovation-driven Development 63

Privacy protection:

Standardized Management to Ensure Data Security

Case Network Information Security Training

In July 2024 the Company organized a

Access control ID identification Data encryption technology specialized training on network information

* The company employs an HR system with identity * During data transmission and storage the Company security by external experts. The training

verification and access control to manage employee uses advanced encryption technology to ensure included fundamental net work securit y

data ensuring only authorized individuals can the security of employee personal information and knowledge common network attack types

access or alter information thereby preventing data prevent data from being illegally stolen or tampered with case studies and practical security

breaches and misuse. with. sug ge s t ions for daily us e. A s a re sult

employe e s' awarene s s and prote c t ion

skills in network security were significantly

Permission management and review Employee training enhanced.* The company regularly reviews and updates the * The company strengthens the training of personnel

security measures of the personnel system to ensure managers and department heads to enhance their

that the permission settings meet actual needs and awareness and attention to personal data protection

avoid the risk of permission abuse or data leakage. and ensure the standardization and security of data

management processes. During the reporting period

Information Security: The company organized 3 cybersecurity drills which significantly improved employees' cybersecurity awareness

Multiple Measures to Build a Solid Network Security Defense Line and emergency response capabilities.Weiming Environment Protection has developed a comprehensive network security management system. By combining

technical methods professional teams and staff training the company effectively manages security risks and ensures data

security and business continuity.* Technical protection: building a comprehensive security barrier Supply Chain Security

* Data security management

The company limits the access and operation rights of different users to data through system authority management

ensuring that only authorized personnel can access and process sensitive data and preventing data leakage and abuse. Supply Chain Management System

* Hardware encryption means

VPN and other hardware means are used to encrypt network communications establish a secure tunnel ensure the The Company has established fair and transparent criteria for selecting and managing suppliers and contractors and is

security of data during transmission and prevent unauthorized access and theft. committed to choosing enterprises with standardized management complete qualifications and corporate cultures or values

* Firewall and monitoring similar to those of Weiming Environment Protection as cooperation partners.Deploy firewalls security monitoring and network patrol systems to monitor network activities in real time promptly

detect and block potential threats and ensure the security and reliability of the network environment. Supplier Code of The Company employs the Supplier Integrity Cooperation Commitment to

Conduct ensure suppliers' actions in economic environmental and social areas align * Data backup and disaster recovery with sustainable development goals. Economically suppliers must act with

Establish a complete data backup and disaster recovery mechanism to ensure that business operations can be quickly integrity comply with laws ensure fair competition and foster healthy economic

restored in emergencies and ensure data security and business continuity. growth. Environmentally they are expected to monitor operations cut pollution

* Professional team conser ve energy and support recycling for a green supply chain. Socially

The company has a team of information management engineers who develop and carry out data management strategies suppliers should follow labor laws prevent illegal employment safeguard

standardize data processes and handle security incidents to ensure timely and effective responses to threats. employee rights engage in social welfare and contribute to society. All suppliers

must adhere to these terms to support the Company's sustainable development

* Training and education

and societal and environmental harmony.The company regularly holds information security training covering the basics of network security common types of

network attacks and case analysis and security protection recommendations in daily scenarios.WEIMING

64 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Foresight & Innovation-driven Development 65

Supplier Audit and Continuous Improvement

The Company actively implements ESG principles integrating them into supplier management from access to audit and exit Complaints and Stakeholders may report any supplier violating the Integrity Cooperation

phases. This ensures collaborative efforts with suppliers to enhance supply chain sustainability and resilience supporting Reports Commitment for Suppliers via the following channels. In 2024 the Company

environmental social and economic sustainability. received no reports of violations under this Commitment.Tel.：0577-56885652

Supplier Access: Weiming Environment Protection rigorously manages supplier selection to guar-

Keep ESG at the rantee ESG compliance. The company has established a detailed Procurement

Email： weimingzhuangbei@163.com

Management System integrating credit and environmental assessments into

Source bidding and performs thorough qualification checks on new suppliers.When signing a business contract the supplier must sign the legally binding

Integrity Cooperation Commitment for Suppliers which clarifies the supplier's

responsibilities and obligations in terms of environment society and corporate Supplier The company has established a comprehensive supplier assessment mechanism

governance ensuring that both parties are highly consistent in the concept of Sustainable and management system. It regularly organizes training to encourage suppliers

sustainable development. to enhance their management capabilities and per formance in key areas

Empowerment including labor rights environmental protection health and safety and business

ethics thereby strengthening their sustainability. Additionally the company will

hold supplier meetings featuring expert insights on Environmental Social and

Governance (ESG) requirements as well as the latest regulations and standards

Audit Supervision: Weiming Environment Protection regularly conducts audits and supervision which ensures the supply chain consistently meets international standards.Continuous of major suppliers' ESG performance using strict standards and procedures

to maintain compliance with company requirements. The company employs

Tracking of ESG advanced risk analysis and targeted audits to scrutinize suppliers' environmental

Performance human rights labor rights and business ethics compliance.The company works with suppliers to create improvement plans addressing

audit issues setting clear goals measures and deadlines for rectifications to During the reporting period

boost ESG performance. This tracking and improvement process helps suppliers Total number of suppliers Number of suppliers in mainland China Number of suppliers in overseas regions

develop sustainable practices strengthens supply chain sustainability and

resilience and promotes shared growth among partners. 6266 6147 119

2024 supplier audit results

100 % coverage of important suppliers

Supplier exit: Weiming Environment Protection has a clear supplier exit policy to ensure supply

Maintaining the chain integrity and sustainability. If a supplier consistently fails to meet ESG

standards or commits serious non-compliance the company will invoke the

Overall Quality of Conflict Mineral Managementsupplier exit protocol and terminate the partnership.the Supply Chain

This mechanism ensures the supply chain's high standards and sustainability

Weiming Environment Protection recognizes the importance of addressing conflict minerals issues due to their significant

encouraging suppliers to enhance their ESG performance to meet requirements.societal economic and environmental impacts in today's sustainability-focused global business environment. The Company

A strict exit mechanism ensures all par tners adhere to high-qualit y ESG

attaches great importance to the sustainable development of the supply chain and strictly abides by relevant international and

standards promoting efficiency and sustainability in the supply chain and setting

domestic laws and regulations including the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from

an industry example for sustainable development.Conflict-Affected and High-Risk Areas and the China Due Diligence Guidelines for Mineral Supply Chain and is committed to

eliminating the use of conflict minerals and ensuring the transparency and compliance of the supply chain.The Company enhances conflict minerals management via supplier audits and mineral origin checks ensuring transparent

legal and ethical supply chains. It refuses to procure conflict minerals promoting sustainable industry practices.Responsibility & Fairness

Responsible Marketing in Parallel: Marketing with

Equal Treatment of Small and Medium-sized Enterprises

Collaboration 06WEIMING

68 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Responsibility & Fairness in Parallel: Marketing with Collaboration 69

Responsible Marketing

Weiming Environment Protection prioritizes responsible marketing for sustainable growth following laws and upholding

integrity and transparency. The company offers reliable information to partners and promotes industry health. It has a

strong marketing management system to define compliance and responsibilities and conducts regular training to improve

legal and ethical awareness among marketing staff. This ensures standardized and transparent marketing practices

delivering trustworthy services to partners. The company is committed to building a responsible corporate image and

promoting industry sustainability through honest cooperation and transparent communication.Equal Treatment of Small and

Medium-sized Enterprises

Weiming Environment Protection always adheres to the concept of fair just and transparent cooperation strictly complies

with relevant laws and regulations such as the Company Law of the People's Republic of China Law of the People's

Republic of China on the Promotion of Small and Medium-Sized Enterprises and is committed to providing equal market

participation opportunities for SMEs and promoting the coordinated development of the industrial chain.The company's finance and procurement departments hold regular meetings to review and analyze accounts payable to SMEs

and to implement corrective actions to establish a standardized and efficient payment mechanism.United for Good:

Building Inclusive Futures

Rural Revitalization 07

Social Contribution Through PhilanthropyWEIMING

72 Stock name: Weiming Environment Protection Weiming Environment Protection ENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report United for Good: Building Inclusive Futures Through Philanthropy 73

Case Kunshan Power Plant 2024 Arbor Day Green Public Welfare Event

Rural Revitalization

Weiminghuan supports the rural revitalization strategy by leveraging its financial technological and resource strengths to On Arbor Day 2024 Kunshan WTE Plant employees engaged

foster rural economic growth enhance the environment and improve living conditions. The company's charitable efforts in a tree planting event actively digging planting and filling

span multiple counties and cities including Yilong Aba Jiahe Yongkang and Cangnan where it implements projects soil to foster green growth. The activity not only promoted

focused on poverty alleviation educational support and care for the elderly contributing to social harmony and mutual environmental awareness but also reinforced team unity and

support through concrete actions. social responsibility.Case Equipment Group Rural Revitalization Pairing Assistance Activities in Chixi Town Cangnan

In January 2024 led by Wenzhou CPPCC Vice Chairman

Xu Youping the Equipment Group visited Chixi Town Case Tongcheng Power Plant Assists in the 2024 "3·15" Centralized Destruction of Counterfeit

Cangnan County for poverty alleviation activities. They met and Shoddy Goods

with needy residents checked on the laver glass plunger

project and donated 50000 RMB to support local rural

revitalization and industrial poverty alleviation. Since forming In March 2024 the Company's Tongcheng Power Plant

a partnership with Chixi Town in 2022 the Equipment partnered with the Tongcheng Market Supervision Bureau

Group has consistently provided financial aid and other for the "3.15" destruction of counterfeit goods conducting

support showcasing the company's commitment to social harmless incineration. This government-enterprise

responsibility. collaboration reflects the Company's social responsibility in

purifying the market and ensuring consumer safety.Social Contribution

Case Qinhuangdao Power Plant Environmental Education Open Day - Supporting Practical

Weiming Environment Protection has long been dedicated to social welfare in strict compliance with the Charity Law of Learning for Hebei University of Environmental Engineering Students

the People's Republic of China and the Law of the People's Republic of China on Donations for Public Welfare and other

relevant statutes the Company has established and enforced the Donation Management Measures and other governance

frameworks to ensure the standardization systematic operation and long-term sustainability of its social contribution In May 2024 the Company's Qinhuangdao WTE Plant

activities. Guided by the core the philosophy of "Giving Back to Society and Co-Creating a Better Future" the Company received nearly 100 teachers and students from Hebei

injects sustainable impetus into social development through multi-dimensional practices such as public welfare activities University of Environmental Engineering. The students were

volunteer services and charitable donations. introduced to the Company's culture and waste incineration

Ruian Power Plant's 2024 "Warmth in Winter" Care for Sanitation Drivers process watched a promotional video and toured the model Case

center and control room. This visit deepened students'

In January 2024 Ruian Power Plant launched the "Warmth in understanding of the environmental protection industry and

Winter" program providing hot meals to sanitation drivers to boosted environmental education.acknowledge their work in urban environmental protection.The administrative vice president participated highlighting

the drivers' safety and well-being. This program not only

During the reporting period

showed appreciation but also boosted the drivers' sense of

duty. The plant's commitment to environmental conservation

is demonstrated through such initiatives and it will continue A total of 5.44 million RMB was invested in rural revitalization and social welfare.to promote green practices for the city's enhancement.Employee Recruitment and Diversity Employee Rights and Benefits People-oriented

Talent Cultivation and Development Occupational Health and Safety Co-creating Value 08WEIMING

76 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 77

Fair and Just Recruitment Principles

Employee Employment and Diversity The company recruits based on actual needs prioritizing quality over quantity and upholds open fair and just hiring

practices. It adheres to moral and skill standards ensuring transparency and standardization in recruitment. Additionally it

Employee Employment prioritizes hiring from the local community to support employment and foster regional economic and social development.Weiming Environment Protection adheres to the core value of "People-Oriented" integrates humanistic care into all aspects of Diversity and inclusive (D&I) culture construction

personnel management and is committed to enhancing employees' sense of identity belonging and loyalty to the Company

and promoting the common growth and development of employees and the Company. the Company strictly abides by the

Labor Law of the People's Republic of China Labor Contract Lawof the People's Republic of China Social Insurance Law of the Weiming Environment Protection values diversity and inclusiveness as key elements of its corporate culture striving to

People's Republic of China and other relevant laws and regulations and actively implements international labor standards establish an equitable fair and non-discriminatory work environment that embraces diversity and openness.The Company

actively benchmarks the Universal Declaration of Human Rights International Labor Organization Core Conventions and has made a clear commitment through the Employee Handbook: strictly prohibiting all forms of discrimination and unfair

United Nations Guiding Principles on Business and Human Rights and other international initiatives and guidelines integrates treatment(e.g. gender race age religion belief disability) and through institutionalized and normalized management

international advanced concepts into localized management practices and builds a complete labor rights protection system. mechanisms ensuring full protection of every employee's legitimate rights and interests.The Company has formulated management systems including Recruitment Management System Compensation Management Ensure legal compliance to consolidate the foundation of diversity and inclusion management

System Performance Appraisal Principles Training System Attendance Management Implementation Rules Position Change The company legally employs all staff opposes all forms of discrimination prohibits child labor rejects forced

and Work Transfer Management System and Separation Management System which cover employee recruitment training labor and is dedicated to a fair just and inclusive workplace. Regular internal compliance audits ensure the

promotion compensation benefits working hours leave and termination ensuring standardized operations and protection legality and standardization of employment practices.of employee rights.During the reporting period no incidents of employee discrimination child labor employment forced labor or

Employment Philosophy violations of labor laws and regulations occurred at the Company.Cultivate an inclusive culture to promote employee development

The Company promotes diversity and inclusion awareness via regular training fosters equal communication

and empowers employees to express opinions through open channels. It also maintains an anonymous

feedback system to address concerns about discrimination or unfair practices.Growing

Fostering Together

Innovation Continuous improvement to drive cultural constructionValuing Talent

The Company conducts regular sur veys to monitor diversity and inclusion ef for ts making strategic

Through standardized management adjustments to integrate these into daily operations. These actions have boosted employee satisfaction

a sound compensation system and loyalty and the Company's overall cohesion and competitiveness.Respect employees' independent pers- professionalization processes enable

onalities and strengths and encourage every employee to strive together

Talent is the primary resource of model innovation management innov- with the enterprise grow together

the enterprise. ation and technological innovation. and co-create undertaking.During the reporting period

Weiming advanced HR management standardization by upgrading its core HR system to align with organizational and Classification by Classification by Classification by Employees Classification by Educational

business needs. Gender (employees) Age (employees) Working Region (employees) Background (employees)

The Group optimized subsidiary HR processes covering recruitment transfers attendance training and compensation to Female 682 ≤ 30 years old 1643 The Chinese Mainland 3819 Master's degree or above 73

enhance efficiency and compliance. Male 3516 31 - 40 years old 1434 Overseas 379 Bachelor's degre 1068

41 - 50 years old 731 Below a bachelor's degree 3057

Additionally the Equipment Group streamlined attendance and leave policies clarified approval procedures and

implemented a digital system to improve productivity. These updates reflect the company's "people-oriented" approach. ≥ 51 years old 390WEIMING

78 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 79

Case N ew Energy Group Management of Expatriate Employees and Practices of Internal lecturer training

Religious Inclusion in the Indonesia High-Grade Nickel Matte Project Reser ve management talent trainingThe Company careful ly selects and trains

Through internal leadership lectures external

internal employee lecturers and promotes the

expert guidance on-site study and inspection

Weiming Environment Protection has fostered a diverse and precipitation and inheritance of internal high- etc. improve the comprehensive ability and

inclusive work environment at the Indonesia High-Grade Nickel quality working methods and experience through strategic vision of management talents.Matte Project. This was achieved through training programs systematic training and incentive mechanisms.welfare initiatives and religious accommodations. The project

features a training center for expatriate integration comfortable External cooperation and resource Full-cycle training design

housing diverse food options cultural events to boost belonging integration To meet various employee needs including

and the construction of religious buildings. Regular religious Strengthen cooperation with universities research onboarding career progression and professional

and cultural exchanges are held to promote understanding and institutes and industry-leading companies and development we offer a range of training

trust. These practices not only enhance employee satisfaction cultivate internal innovative talents and improve options including in-house general skills courses

but also offer valuable experience for operating in a multicultural the professional level and comprehensive quality specialized external agency training and guidance

setting showcasing Weiming's commitment to employee care and of employees through external experts project from both internal and external experts.diversity. cooperation joint research and development etc.Course Type

New Employee Training Training For Middle and Senior Management Daily Training External Training

Talent Cultivation and Development * Skills training* New employee orientation training * Rotational training for mid- * Training for obtaining

dle and senior management * S a f e t y r e g u l a t i o n

* Three-level safety education training various certificates

personnel training

Weiming Environment Protection prioritizes talent as * Master-apprentice training

* industry training

* Centralized training for mi- * Team training etc.the key to sustainable business growth and is dedicated * Centralized training for fresh graduate

During the reporting period ddle and senior managers

to establishing a comprehensive and varied talent

development program. Utilizing the "1+3+N" management

The company conducted 786production and manag-model the company enhances its training system boosts

ement training sessions Case Equipment Group - the Third Training for Middle and Senior Management Managementresource allocation and offers employees diverse career

covering over person-times and comprehen-

paths and learning opportunities to foster personal growth 14548

sively improving the team's professional capabilities. In April 2024 the Equipment Group conducted a one-day training for mid-level managers on goal management and align with company objectives. and plan execution attended by over 70 managers. The training covered four modules: management roles

time management and goal setting plan implementation and goal appraisal. It included tools such as SMART

principles WBS diagrams and 5W2H analysis to aid in scientific planning and execution. Interactive sessions

Diversified promotion channels: The Company offers a dual - channel development system in management and

Stimulate employee potential were included to enhance engagement.professionalism with promotion paths for various positions. It ensures fair open and

objective employee evaluation through regular performance reviews. Employees can

appeal evaluation results to HR within 5 working days for transparency and fairness.Systematic training system: The Company offers tailored training orientations for various employee groups

empowering employee growth including senior middle and grassroots managers key staff all employees and new

hires aligning with their development stages and objectives. It continuously refines its

hierarchical training system. With a comprehensive curriculum and diverse programs

the Company delivers customized learning experiences to foster ongoing employee

development.WEIMING

80 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 81

Communication

Employee Rights and Benefits

Weiming Environment Protection values its employees' well-being and career growth offering various communication

platforms to address their issues and foster a positive work environment. The company has refined its employee engagement

Weiming Environment Protection consistently follows a compensation philosophy that emphasizes external system boosting satisfaction to 96% and supporting the company's sustainable development.competitiveness and internal fairness. The company adheres to local laws and regulations establishing a scientific and

reasonable salary management system to ensure employees are rewarded according to their performance fostering shared

Communication: The Company utilizes various media to disseminate its culture and values fostering

growth for both staff and the enterprise.Building a a sense of ownership among employees. Departments have correspondents

Compensation and Benefits Structure diversified who gather and share information on production management equipment and

communication employee life via the Weiming Newspaper and OA system facilitating internal

Employee Allowances

Compensation and Subsidy Benefits and Welfare platform communication. Additionally the Company maintains the bulletin board with

current information and policies to keep employees informed and foster a positive

* Fixed salary * Seniority allowance * Five social insurance * Holiday welfare public opinion environment.* Performance-based * Business trip subsidy and one housing fund * Supplementary

salary * Overseas allowance * Paid time off commercial insurance Two-way Employee suggestion box:

* Overtime pay * Employee medical * Group activities communication: The Company uses an employee suggestion box to gather ideas on management

* Bonuses examination * Birthday parties Establish an and other areas. HR collects and processes suggestions weekly rewarding

efficient feedback constructive ideas to ensure timely responses.Employee compensation includes fixed salary performance-based salary overtime pay bonuses and various benefits and mechanism

allowances. Tthe Company adheres to the principle of "standardized assessment and precise incentives" scientifically Problem-solving mechanism:

evaluates employee performance through a combination of annual assessment and daily assessment and issues performance When employees face issues they should report to their department heads

bonuses and year-end bonuses based on the assessment results. In 2024 the Company further optimized the salary for immediate assistance. If unresolved they can send a written request to the

adjustment mechanism set up multiple channels such as salary adjustment for promotion salary adjustment for academic President's Office. For matters related to unfair treatment employees can submit

qualificationpromotion-based salary adjustment academic qualification-based salary adjustment and general salary complaints directly to the president's mailbox for fair resolution.adjustment to ensure that salary distribution is closely linked to employee contribution. Employee compensation covers fixed

salary performance - based pay overtime bonuses and benefits. The Company follows "standardized assessment and precise Employee satisfaction survey:

incentives" evaluating performance via annual and daily appraisals and distributing performance - and year - end bonuses The Company regularly conducts "employee satisfaction surveys" to collect

accordingly. In 2024 it optimized the salary - adjustment mechanism linking pay to contribution through multiple channels feedback on management compensation career development etc. and publishes

like promotion - and qualification - based adjustments. results and addresses concerns to improve management.The Company implements innovative management models such as employee partnership system to encourage employees to

regard work as their own career share the profits and market value returns brought by the Company's efficiency improvement Face-to-face The Company regularly holds employee seminars invites employee representatives

and achieve a win-win situation for employees and the Company. At the same time the Company stimulates the enthusiasm communication: to participate in face-to-face communication and solicits suggestions from

and creativity of employees and promotes the sustainable development of the Company through various means such as Listen to employees' employees on work environment career development benefits etc. In 2024

equity incentives and performance rewards. The Company uses innovative models like the employee partnership system to voices the Company held a total of 4 seminars collected and implemented dozens

align employee interests with Company growth achieving win - win outcomes. It also motivates employees through equity of employee suggestions thereby effectively enhancing employees' sense of

incentives and performance rewards driving sustainable development participation and satisfaction.* Statutory holidays and paid vacations * Overseas project benefits

Employees enjoy statutory holidays annual leave Combined with the actual situation of overseas projects * Appeals and Complaints

marriage leave bereavement leave maternity leave etc. formulate generous overseas salary standards and To protect employees' rights the Company has set up multiple complaint channels such as anonymous hotlines and online

* Life care related allowances. platforms allowing employees to report issues and provide feedback safely and conveniently.Provide free lunch and fruit for employees on weekdays * Other benefits Employees may file appeals or complaints concerning these labor rights and interests: equal employment and choice of

and distribute exquisite gifts or gift vouchers on traditional Set up seniority subsidies and provide business trip employment opportunities， acquisition of labor compensation， right to rest and vacation， labor safety and health protection，festivals. subsidies and overseas allowances for business travelers access to vocational skills training， enjoyment of social insurance and welfare and labor dispute resolution etc. Theand expatriates. complainant must ensure the authenticity of the complaint content and is strictly prohibited from fabricating or maliciously

Weiming Environment Protection will enhance the compensation and benefits system explore competitive incentives offer exaggerating facts. If the complaint is found to be inconsistent with the facts the Company will penalize the complainant

employees broader development platforms and more generous returns and support mutual growth towards higher goals. according to company regulations.WEIMING

82 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 83

The HR department ensures the privacy of the complainant's data and materials with strict confidentiality rules. Violators will

face accountability and severe punishment under national laws and company policies. Retaliation against complainants is

prohibited and criminal actions will be prosecuted.* Employee Complaint Handling Process

1. Upon receiving a complaint HR will log and screen it assigning an investigator within 7 days.

2. Once the investigation is complete results are reported to leaders handling suggestions are made and outcomes are

communicated to the complainant.Linhai Power Plant Employees Table Tennis Competition Anfu Zhangshu Yongfeng Fengxin Power Plant Staff Travel Activities

3. For identified reports the company responds with verification and action results; for anonymous reports only actions are

taken without response.Employee Care

Weiming Environment Protection focuses on a people-centered approach fostering a caring and warm work atmosphere.The company employs various supportive measures and cultural events to boost employee belonging happiness and

identification promoting mutual growth for staff and the enterprise.Daily care: Overseas employee care:

creating a warm workplace respect culture and protect rights and Dongyang Power Plant Second 3V3 Basketball Game Luodian Power Plant holds a Birthday Party

atmosphere interests

the Company pays attention to the physical and The Company has taken several measures to fully

mental health and quality of life of employees and respect and protect the rights of overseas employees

provides a variety of daily care services: at the Indonesian factory:

* Festival care： * Cultural respect:

During festivals the Company holds cultural constructed a prayer room and canteen for

events like the Lantern Festival Gala and the employees adhering to local religious practices

Mid-Autumn Dinner and gives out gifts and and dietary customs;

financial aid to employees to show its care.;

* Holiday benefits:

* Interest clubs: During important holidays in accordance with

set up basketball badminton billiards and local customs and labor laws provide employees Equipment Group 2024 Mid-Autumn Festival Family Dinner Weiming Shengqing Company Pop Concert

other employee interest clubs regularly with holiday benefits or arrange vacations to

organize competitions and activities enrich enhance their sense of belonging;

employees' spare time life and promote team

* Communication mechanism:

cohesion;

Establish an ESG team to ensure compliance

* Health care: implement a fair and democratic communication

offer annual health checks psychological and complaint mechanism ensure prompt

counseling and health talks to employees feedback and processing of employee opinions

focusing on their physical and mental well- and comprehensively improve employees'

being. working and living conditions.Jiashan Power Plant Qingdao Tourism Activities Linjiang Power Plant Staff Travel ActivitiesWEIMING

84 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 85

* Optimize Facility Configuration and Reduce Safety Risks

Occupational Health and Safety During the reporting period

the Company organized

emergency drills

The Company always puts the occupational health and safety of employees first adheres to the management philosophy of The Company conducts regular meetings to ensure annual fire equipment and 233trainings covering over

"safety first prevention-oriented" strictly complies with the laws and regulations such as the Work Safety Law of the People's facility management plans are completed. It also optimizes production site

Republic of China Law of the People's Republic of China on the Prevention and Control of Occupational Diseases and has built hardware enhances safety measures like fire explosion and dust prevention and 4323

person-times of

participants

a complete occupational health and safety management system to fully safeguard employees' physical and mental health and manages occupational health and safety risks effectively.safety. t h e e m e r g e n c y d r i l l s

trainings coverage rate

Improve the Management System and Consolidate the Safety Foundation reached over 78%

The Company has formulated and implemented a series of internal management systems such as the Occupational Health

Management System Occupational Disease Hazard Warning and Notification System and Fire Prevention Explosion Occupational Disease Prevention

Protection Dust Control and Poison Control Management System to clarify the standards and processes for occupational

health and safety management. During the reporting period all major subsidiaries of the Company achieved the ISO 45001 The Company prioritizes occupational disease prevention by implementing institutional norms scientific management daily

Occupational Health and Safety Management System certification further enhancing the standardization and professionalism protection and education to comprehensively mitigate risks and ensure employee occupational health. According to the

of occupational health and safety management. relevant laws and regulations such as the Law of the People's Republic of China on the Prevention and Control of Occupational

Diseases a complete occupational disease prevention system has been established to provide employees with a safe and

The company's board and management prioritize occupational health and safety setting up a comprehensive safety healthy working environment.management structure and a department for environmental safety and occupational health (EHS) management. They employ

dedicated safety staff to enforce safe production responsibilities and enhance management efficiency. The Company has formulated and implemented a series of systems such as the Company Occupational Disease Hazard

Prevention and Control Propaganda Education Training System Workers' Occupational Health Monitoring and File

Management System and Occupational Disease Hazard Accident Handling and Reporting System to clarify the standards and

Employee Health Protection procedures for occupational disease prevention. Meanwhile for high-risk positions involving dust toxic and harmful gases

etc.the Company has developed special operational procedures such as the Dust Position Occupational Health Operating

New hires must undergo occupational health checks at a certified hospital before joining the Company. At the same time Procedures and Toxic and Harmful Gas Position Occupational Health Operating Procedures to ensure that employees strictly

the company has established a comprehensive safety management system to ensure that employees receive three levels of comply with safety norms during operations.safety training upon joining the company systematically learning safety production regulations and operating procedures.The Company provides personal protective gear and conducts regular health exams to monitor and address health concerns.Risk control: Strengthen source control and daily protection

Additionally the Company conducts regular occupational health risk assessments identifies potential risks and implements *

necessary control measures.* Safety training and drills:

Improve emergency response capabilities and build a solid safety line

Hazard source identification Daily inspection Labor protection equipment

The Company regularly conducts Through routine inspections and Employees are equipped with

hazard source identification work occupational health risk warings labor protection equipment

Regular training Emergency drills clarifies the identification scope the Company continuously moni- that meets national standards

and process thereby ensuring that tors working environment to ens- such as dust masks protective

The Company conducts regular safety training with The Company annually devises and enforces emergency potential occupational disease ure that various protective mesur- gloves protective glasses etc.internal or external lecturers providing targeted drill plans for fire safety and production safety. Through risks are discovere discovered and es are implemented. to effectively protect the occup-

occupational health and safety education for employees realistic training exercises the company strengthens controlled in a timely manner. ational health of employees.in various roles to ensure they possess essential safety employees' emergency response capabilities for disast-

knowledge and skills. ers and critical incidents.WEIMING

86 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report People-oriented Co-creating Value 87

Case Conducting Fire Safety Drills Case Conducting Safety Drills in Confined Spaces

Jiashan Power Plant 's Safety

Committee held a confined space

To enhance f i re safety and emergency

construction safety drill in line with

response at Linhai Power Plant a drill was

their annual training schedule. The

held in November 2024. It covered fire safety

drill involved opening testing and

basics prevention escape methods and the

construction phases with particip-

use of firefighting equipment. Employees

ants equipped with safety gear and

practiced extinguishing fires on a simulated

emergency supplies. Their collabo-

site overcoming fears and improving their

rative efforts ensured the drill's

ski l ls . The dr i l l boosted departmental

smooth execution and achieved its

cooperation equipment handling proficiency

goals.and emergency response setting a strong

foundation for future safety production.Case Conducting a Fire Safety Knowledge Contest Case Occupational Disease Prevention Training

Weiming Shengqing Company organized a fire safety contest themed "National Fire Protection Life First" in In March 2024 Jieshou Power Plant conducted occupational disease retraining to boost safety awareness and

December 2024 to enhance staff awareness and emergency response skills. The contest featured three formats: identify workplace hazards especially for the high-temperature season. The training focused on the impact of

multiple-choice true/false and descriptive questions focusing on fire regulations emergency procedures and high-temperature operations on health heatstroke prevention and occupational health monitoring. It aimed to

equipment use. This initiative fostered a culture of fire safety awareness and engagement among employees. reinforce heatstroke prevention measures improve employee safety awareness and ensure safe production at the

plant.WEIMING

88 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Appendix 89

Appendix 1： Appendix 2：

Index Table of the Guidelines for Sustainability Report Index for Alignment with GRI Standards on Sustainability

Index Table for Alignment with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-

Sustainability Report (Trial) Reporting (2021)

Disclosure Requirements Corresponding Chapters in This Report GRI Standards Disclosure Items Report Sections

Addressing Climate Change Response to Climate Change About This Report 2-1

About Weiming Environment Protection

Pollutant Emissions Treatment of Three Wastes

2-2 Report Preparation Principles

Waste Treatment Treatment of Three Wastes

2-3 Report Preparation Principles

Ecosystem and Biodiversity Conservation Biodiversity

2-7 Employee Employment and Diversity

Environmental Compliance Management Optimizing Environmental Management

2-14 Sustainable Development Strategy and Management Structure

Energy Utilization Energy Utilization GRI 2: General Disclosures 2021

Improve the Governance Structure to Strengthen the Foundati-

Water Resources Utilization Water Resources Utilization on for Development

Circular Economy Circular Economy Protect the Ecological Foundation & Create a Green Future

People-oriented Co-creating Value

Rural Revitalization Rural Revitalization

2-25 Risk and Compliance Management

Social Contribution Social Contribution

2-29 Stakeholder Engagement

Innovation-driven Development Innovation-driven

2-30 Employee Employment and Diversity

It is not involved. The Company's core businesses are concentrated on envir-

onmental governance equipment manufacturing and R&D and manufactur- 3-1 Materiality Analysis

ing of new energy materials. It does not involve fields such as gene editing

Technology Ethics

and artificial intelligence ethics. There are no topics related to technology GRI 3: Material Topics 2021 3-2 Materiality Analysis

ethics involved in its business activities and such topics have not been 3-3 Materiality Analysis

included as material issues by Weiming Environment Protection.GRI 201: Economic Performance

Supply Chain Security Supply Chain Security 201-2 Response to Climate Change

2016

Equal Treatment of Small and Medium-sized

Equal Treatment of Small and Medium-sized Enterprises 205-2 Anti-corruption and Anti-unfair Competition

Enterprises GRI 205: Anti-corruption 2016

Safety and Quality of Products and Services Product Quality and Safety 205-3 Anti-corruption and Anti-unfair Competition

Data Security and Customer Privacy GRI 206: Anti-unfair Competition

Data Security and Customer Privacy Protection 206-1 Anti-corruption and Anti-unfair Competition

Protection Practices 2016

Employee Employment and Diversity 302-1 Energy Utilization

Occupational Health and Safety

Employees

Talent Cultivation and Development GRI 302: Energy 2016 302-3 Energy Utilization

Employee Rights and Benefits 302-4 Energy Utilization

Due Diligence Stakeholder Engagement

303-1 Water Resources Utilization

Stakeholder Engagement Stakeholder Engagement

303-2 Treatment of Three Wastes

Anti-commercial Bribery and Anti-corruption Anti-corruption and Anti-unfair Competition

GRI 303: Water and Effluents 2018 303-3 Water Resources Utilization

Anti-unfair Competition Anti-corruption and Anti-unfair Competition

303-4 Treatment of Three Wastes

Corporate Governance Optimizing Corporate Governance Structure

303-5 Water Resources Utilization

Risk and Compliance Management Risk and Compliance ManagementWEIMING

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GRI Standards Disclosure Items Report Sections GRI Standards Disclosure Items Report Sections

305-1 Response to Climate Change GRI 414: Social Assessment of 414-1 Supply Chain Security

305-2 Response to Climate Change Suppliers 2016 414-2 Supply Chain Security

GRI 305: Emissions 2016

305-4 Response to Climate Change Rural RevitalizationGRI 415: Public Policy 2016 415-1

Product Quality and Safety

305-5 Response to Climate Change

GRI 416: Customer Health and Safety 416-1 Product Quality and Safety

306-1 Treatment of Three Wastes

2016 416-2 Product Quality and Safety

GRI 306: Waste 2020 306-2 Treatment of Three Wastes

417-1 Responsible Marketing

306-3 Treatment of Three Wastes GRI 417: Marketing and Labelling

417-2 Responsible Marketing

GRI 308: Supplier Environmental 308-1 Supply Chain Security 2016

417-3 Responsible Marketing

Assessment 2016 308-2 Supply Chain Security

GRI 418: Customer Privacy 2016 418-1 Data Security and Customer Privacy Protection

401-1 Employee Employment and Diversity

GRI 401: Employment 2016

401-2 Employee Employment and Diversity

403-1 Occupational Health and Safety

403-2 Occupational Health and Safety

403-3 Occupational Health and Safety

403-4 Occupational Health and Safety

GRI 403: Occupational Health and 403-5 Occupational Health and Safety

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 Safety

GRI 404: Training and Education 404-1 Talent Cultivation and Development

2016 404-3 Talent Cultivation and Development

GRl 406: Training and Education

406-1 Employee Employment and Diversity

2016

GRI 409: Forced or Compulsory Employee Employment and Diversity

Labor 2016 Supply Chain SecurityWEIMING

92 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Appendix 93

Appendix 3： Environmental Category Key Performance

2024 Key Performance Indicators (KPI) Table Secondary

Issue Indicator Unit 2022 2023 2024

Circular Economy Waste Recycling Volume Tons 1873586 2600307 3235485

Environmental Category Key Performance

Municipal Water Supply Cubic Meters 4397966 5944737 5571435

Secondary

Issue Indicator Unit 2022 2023 2024 Water Resource Circulating & Reclaimed Water Cubic Meters 685215 1205756 1631936

Sudden Environmental Incidents Times 0 0 0 ManagementOptimizing Surface Water Cubic Meters 5020231 7234430 8141044

Environmental

Management Environmental Protection Investment Ten Thousand RMB 42824 42254 53294 Groundwater Cubic Meters 694267 938282 808804

- Comprehensive Indicators - Exhaust Gas

Tons of Standard - Total Exhaust Gas Emissions Cubic Meters 3.05×10

103.69×10104.24×1010

- Comprehensive Energy Consumption Coal 14969 13231 28574

- Particulate Matter (PM) Emissions Tons 166 214 180

- Scope 1

- Sulfur Oxides (SOx) Emissions Tons 797 1253 1571

- Coal Usage Tons 1496 2601 10932

- Nitrogen Oxides (NOx) Emissions Tons 4576 5643 6401

- Gasoline Usage Liters 300690 326815 217801

Pollutant - Wastewater

- Diesel Usage Liters 3596133 3502360 6206067 Emissions - Total Wastewater Discharged Cubic Meters 630422 17095464 19929087

- Liquefied Petroleum Gas (LPG) Tons 35 35 42

- COD Emissions Tons 29 322 381

- Fuel Oil (for Boilers) Tons 2588 4067 4280

- BOD Emissions * Tons 3 82 * 74

- Natural Gas Cubic Meters 2400 57607 168016

- Ammonia Nitrogen (NH3-N) Emissions Tons 2 16 9

- Direct Energy Consumption Tons of Standard Coal 13249 10234 23906 - Suspended Solids Emissions Tons 3 57 57

- Scope 2 - Total Phosphorus (TP) Emissions Tons 0 4 4

Megawatt-hours Total Slag Production Tons 2010357 2606630 3074907- Total Purchased Electricity (MWh) 13996 24379 37989Energy Utilization Total Sludge from Leachate Treatment Station Tons 29747 43432 50155

- Self-Generated Renewable Energy Usage

(Waste Incineration Power Self-Consumption Megawatt-hours Total Recycling Volume of General Solid Waste Tons 1873586 2600307 3235485

+ Photovoltaic Power Self-Consumption) (MWh)

598302695733787012

Total Fly Ash Solidified Block Production Tons 279045 334577 361050

- Indirect Energy Consumption Tons of Standard Coal 1720 2996 4668 Waste Treatment Total Raw Fly Ash Production Tons 202277 264125 300417

- Clean Energy Total Hazardous Waste (Waste Oil) Production Tons 50 19 28

Megawatt-hours Total Waste Filter Bags Tons 63 41 52- Clean Energy Usage (MWh) 598305 695809 788829

Total Waste Oil Barrels Tons 8 9 5

- Natural Gas Cubic Meters 2400 57607 168016

Total Waste Resin Tons 1 0 0

- Natural Gas Proportion % 0.004 0.08 0.18

- WTE Megawatt-hours (MWh) 598302 694851 783425

- Proportion of WTE % 83 86 77

- Photovoltaic Power Generation Megawatt-hours (MWh) 0 882 3587

- Photovoltaic Power Generation Proportion % 0 0.11 0.35 Notes:

"-"：The symbol "-" in the Key Performance Table represents tertiary issues and their corresponding indicator items.Total GHG Emissions Tons of CO2 *

(Scope 1 + Scope 2) Equivalent 23964 28731 77387 ：Scope 2 GHG emissions are calculated using a location-based method based on the national average carbon dioxide emission

factor for electricity. According to the 2024 announcement jointly issued by the Ministry of Ecology and Environment and the

Addressing

Climate Change Scope 1 GHG Emissions

Tons of CO2

Equivalent 15792 14827 57003 National Bureau of Statistics titled Announcement on the Release of the 2022 Power Carbon Dioxide Emission Factors the national

Tons of CO average carbon dioxide emission factor for electricity in 2022 is 0.5366 kg/kWh.Scope 2 GHG Emissions * 2 Equivalent 8172 13904 20384 * ：This data includes emissions from the Yongjia Wastewater Treatment Plant.WEIMING

94 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Appendix 95

Key Performance in Social Category Key Performance in Social Category

Secondary

Issue Indicator Unit 2022 2023 2024

Secondary

Issue Indicator Unit 2022 2023 2024

Safety and Quality Amount involved in major safety and quality liab- Employee Social Insurance Coverage Rate % 100 100 100Ten Thousand

of Products and bility accidents related to products and services 0 0 0

RMB Employment and Ten Thousand

Services during the reporting period Rightss Employee Welfare Expenses 3314 3994 4278RMB

Confirmed complaints about violations of custo-

Cases 0 0 0 - Work Safety

mer privacy rights and loss of customer data

Data Security and Ten Thousand

Ten Thousand - Work Safety Expenditure 698 3252 3237

Customer Privacy Amount involved in data security incidents 0 0 0 RMB

RMB

Protection - Number of Safety Accidents Cases 17 32 22

Amount involved in customer privacy leakage Ten Thousand

0 0 0 - Emergency Drills Times 170 49 233

incidents RMB

- Work-Related Injuries

Total number of employees Persons 3312 3424 4198

- Number of Employees Covered by Insurance Persons 3312 3424 4198

- By Gender

Ten Thousand

- Number of female employees Persons 602 601 682 - Employee Insurance Investment 124 154 197

RMB

- Number of male employees Persons 2710 2823 3516

Occupational - Employee Insurance Coverage Rate % 100 100 100

- By Age Group Health and Safety - Work Safety Liability Insurance Coverage Rate % 100 100 100

- Employees under 30 years old Persons 1213 1339 1643

- Number of Employees Died in Work-Related

- Employees aged 30 to 50 Persons 1752 1774 2165 Persons 0 0 2Incidents

- Employees over 50 years old Persons 347 311 390 - Proportion of Employees Died in Work-

%000.04

- By Work Location related Incidents

- Number of employees working in mainland - Working Days Lost Due to Work-Related

Persons 3312 3410 3819 Days - 1462 1612

China Injuries

- Number of employees working overseas Persons 0 14 379 - Employee Physical Examinations

- By Job Level - Number of Employees Examined Persons 3312 3424 4198

Employee - Number of frontline employees Persons 2730 2799 3449 - Physical Examination Coverage Rate % 100 100 100

Employment and - Number of middle management employees Persons 410 479 542 - Employee Training

Rights

- Number of senior management employees Persons 172 146 207 Ten Thousand -Total Training Expenditure 48 100 107

RMB

- Number of female managers

-Total Number of Trained Employees Persons 1650 3265 4116

- Number of female middle managers Persons 42 55 45

- By Gender

- Number of female senior managers Persons 14 10 28

- Female Employees Trained Persons 297 501 651

- By Professional Category Employee

Training and - Male Employees Trained Persons 1353 2764 3465- Technical personnel Persons 944 399 1066

Development Training Coverage Rate % 50 95 98

- Sales personnel Persons 12 248 105

Total Training Hours Hours 26400 47091 63160

- Administrative and financial personnel Persons 578 717 637

- By Gender

- Production personnel Persons 1778 2060 2390

- Total Training Hours (Female) Hours 4752 6093 9984

- By Educational Background

- Total Training Hours (Male) Hours 21648 40998 53176

- Master's degree or above Persons 69 64 73

Average Training Hours per Employee Hours 16 14 15

- Bachelor's degree Persons 865 949 1068

- Junior college degree or below Persons 2378 2411 3057WEIMING

96 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Appendix 97

Key Performance in Social Category Key Performance in Governance Category

Secondary

Issue Indicator Unit 2022 2023 2024

Secondary

Issue Indicator Unit 2022 2023 2024

Employee - By Gender Number of Strategy and ESG Committee Meetings Times 4 3 1

Training and - Average Training Hours (Female) Hours 16 12 15 Number of Motions Reviewed by the Strategy and

Items 12 13 1

Development - Average Training Hours (Male) Hours 16 14 15 ESG Committee

Total Number of Suppliers Companies 6602 5246 6266 Number of General Shareholder Meetings Times 2 4 1

Suppliers in Mainland China Companies 6592 5217 6147 Board of Including Extraordinary Shareholder Meetings Times 1 3 0

Supply Chain

Suppliers in Hong Kong Macau Taiwan and Directors and Number of Motions Reviewed at Shareholder Security Companies 10 29 119 Items 25 22 12

Overseas General Meeting Meetings

of Shareholders

Total Number of New Suppliers Companies 2771 2622 3000 Number of Board of Supervisors Meetings Times 10 15 6

Ten Thousand Number of Motions Reviewed by the Board of

R&D Investment Amount 8451 9987 11433 Items 43 43 23

RMB Supervisors

R&D Investment as % of Main Business Income % 1.90 1.66 1.59 Number of Interim Announcements Released Documents 128 118 94Innovation-

Driven Number of R&D Personnel Persons 332 363 377 Number of Regular Reports Released Documents 4 4 4

Proportion of R&D Personnel % 10 11 9 E-Interaction with Investors Times 47 39 51

Number of Patents and Software Copyrights Cases 210 263 342 Investor Conference Calls Times 9 9 7

Rural Ten Thousand Earnings Briefings Held Times 3 3 3

Rural Revitalization Investment 38 79 376 Investor

Revitalization RMB Participation in Fund Companies' Reverse

Relations Times 5 5 22

Social Ten Thousand Roadshows

Social Welfare Donation Amount 261 971 168 Management

Contribution RMB On-Site Reception for Research Activities Times 5 6 11

Key Performance in Governance Category Participation in Offline Brokerage Strategy Meetings Times 8 8 20

Secondary Investor Question Response Rate % 100 100 100

Issue Indicator Unit 2022 2023 2024 Number of Sanction Cases for Unfair Competition Cases 0 0 0

Anti-Unfair

Number of Board Members Persons 9 9 9

Competition Amount Involved in Lawsuits or Major Administrative Ten Thousand 0 0 0

Number of Female Board Members Persons 1 1 1 Penalties due to Unfair Competition RMB

Number of Independent Directors Persons 3 3 3 Number of Directors Receiving Anti-Bribery and

Persons 9 9 9

Proportion of Female Directors on the Board % 11 11 11 Anti-Corruption Training

Proportion of Independent Directors on the Board % 33 33 33 Proportion of Directors Covered by Anti-Bribery and % 100 100 100

Anti-Corruption Training

Number of Board Meetings Held Times 13 21 10

Number of Management Employees Receiving

Number of Motions Reviewed by the Board Items 57 70 36 Persons 541 575 697

Board of Training

Directors and Number of Audit Committee Meetings Times 5 5 4 Anti-Bribery and Proportion of Management Employees Covered by

General Meeting Number of Motions Reviewed by the Audit Anti-Corruption % 93 92 93

Items 14 14 12 Training

of Shareholders Committee

Number of Frontline Employees Receiving Training Persons 710 784 1035

Number of Nomination Committee Meetings Times 1 2 0

Proportion of Frontline Employees Covered by

Number of Motions Reviewed by the Nomination % 26 28 30

Items 1 2 0 Training

Committee

Number of Corruption Lawsuits Filed Against the

Number of Remuneration and Appraisal Committee Cases 0 0 0

Times 1 1 1 Company or Employees

Meetings

Number of Motions Reviewed by the Remuneration

Items 1 3 1

and Appraisal CommitteeWEIMING

98 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Assurance Statement 99WEIMING

100 Stock name: Weiming Environment Protection Weiming Environment ProtectionENVIRONMENT Stock code: 603568 2024 ESG (Environmental Social and Corporate Governance) Report Feedback Form 101

Feedback Form

Thank you for reading the "Weiming Environment Protection 2024 ESG (Environmental Social and Governance) Report"!

In order to better provide valuable information to you and other stakeholders and at the same time facilitate your

supervision of the Company's sustainable development management work and improve our ability and level in fulfilling

our sustainability responsibilities the Company sincerely hopes that you can evaluate this report and put forward your

valuable opinions and suggestions.You can choose the following ways to provide your feedback and suggestions:

Telephone：0577-86056018

Email：ir@cnweiming.com

Address: 16th Floor Tongren Hengjiu Building No. 525 Shifu Road Wenzhou Zhejiang Province China

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