2024 Environmental Social and Governance Report Preparation Instructions for this Report
Contents Preparation Instructions for this Report
Preparation Instructions for this Report.............01
Message from the Chairman.........................ction
About Ronbay Technology...........................y New
Strategic Layout and Iteration....................ders.The Path of Sustainable Development..................15
Time Frame
01 Steady Progress Leads to a Bright 02 Striving for Excellence Facilitating the This report is an annual report covering the time period from January 1 2024 to December 31 2024
Future Charting a Beautiful Blueprint Process of Globalization (hereinafter referred to as “this year” and “within the reporting period”). To enhance the completeness of the
report some data extends beyond the above scope (subject to specific dates indicated).
1.1. Strengthen Governance and Consolidate 2.1. I nnovation Empowerment
the Foundation of Governance...............24 DrivScope
1.2. Compliance Management Ensures the 2.2. High-quality Service
Stability of Business Operations.............28 Shto as
1.3. Anti-corruption and promotion of integrity “Ronbay Technology” “the corporation” “the company” or “we”) and its subsidiaries which is consistent with
and Build an Integrity System.................34 tport.
1.4. Intellectual Property Protection...............38
1.5. Information Security Guarding the Report Reliability Guarantee
Data Defence Line..................................40
The information and data disclosed in this report are sourced from the public information statistical reports
03 Low-carbon Environment Practicing 04 Win-win Value Driving Industry and official documents of the corporation. The board of directors guarantees the contents of the report and
Green Coexistence Development there are no false records misleading statements or major omissions in the content of this report.
3.1. Environmental Management System......60 4.1. Progress and prosperity together
building a responsible supply chain........72 Compiling the Basis of the Report
3.2. Green Development
Addressing Climate Change...................61 4.2upply
Chain Management................................77Self-
3.3. Green Production Safeguarding our Regulation of Listed Companies—Sustainability Report (Trial) and references the Global Reporting Initiative
Beautiful Homeland................................65
(GRI) Standards 2021 of the Global Reporting Initiative (GRI) the International Sustainability Standards
3.4. Biodiversity Conservation....................SDGs)
05 People-oriented Achieving Happiness 06 Taking responsibility Promoting and other internationally authoritative disclosure standards.
Sharing Harmony and Communion Access to this Report
5.1. Diversity and Equality Safeguarding 6.1. Comm...96
Employees’ Rights and Benefits.............80 You ology
6.2. Rural Revitalization.........................om/).
5.2. Empower Development Facilitating
Employee Growth...................................e its
5.3. Care for Employees Conveying their environmental social and governance (ESG) management in the future. If you have any questions or
Well-being........................................time:
5.4. Occupational Health and Safety.............90
E-mail: ir@ronbaymat.com
Key Performance Indicator Table.....................100
Report Index......................................30998
Verification Report.................................110
012024 Environmental Social and Governance Report Message from the Chairman
Message from the Chairman
With the profound transformation of human In 2024 Ronbay Technology continued to advance We firmly believe that achieving sustainable
society’s development concepts fully implementing its digital and ecological strategies. We regard development requires the joint efforts of global
ESG and promoting sustainable development have intelligent manufacturing as a core competitive partners. In 2024 Ronbay Technology achieved
become a global consensus. Guided by the vision advantage in the new energy materials industry overseas sales exceeding 20000 tons andof “building an ecosystem rooted in coexistence and have steadily upgraded our automated established offices and production bases inand integration with society the environment and and unmanned production l ines to optimize overseas regions such as Nor th Amer icaour partners” Ronbay Technology has put forward manufacturing costs and deliver more competitive Europe and Southeast Asia accelerating thethe strategy of “Comprehensive Solution Provider products to global customers. At the same time construction of localized production capacity.for the Cathode Materials Industry.” By expanding by offering higher-performance products with a Through technological cooperation supply chain
its global market presence enhancing investment lower carbon footprint we are driving the transition collaboration and community building we drive
and M&A capabilities and forming innovation of the new energy industry toward an ecosystem upstream and downstream partners to jointly movealliances Ronbay is committed to becoming an that emphasizes efficient resource utilization. Our towards green transformation injecting “Chineseadvocate and practitioner of ESG. Together with a goal is to build a circular supply chain system technology” and “green momentum” into the global
wide range of stakeholders the company aims to that integrates both cost competitiveness and new energy industry chain.co-create a sustainable development ecosystem. low-carbon attributes. During the year our major
production bases in Hubei and Guizhou were Looking ahead Ronbay Technology will continue
In response to the steadily growing market selected as national-level Green Factories marking to forge strong alliances with leading partners
demand Ronbay Technology remains committed a new stage in the company’s journey toward high- across the industry value chain striving to buildto its original mission “developing the new energy efficiency green and low-carbon development. an open and collaborative ecosystem. Guided byindustry improving the living environment of the principles of globalization and ecologicalization
humankind creating a better future for the company Ronbay Technology has incorporated the ESG development we wi l l implement our ESGand its employees and giving back to society.” In concept into its New Integration Strategy further strategy across all aspects of production and
Chairman of the board
2024 the company achieved a year-on-year sales streamlining the organizational structure and operations to enable greater efficiency and value Bai Houshan
increase of over 20% in ternary cathode materials establishing a flat three-tier structure from the creation. Through mutual growth and harmonious
far exceeding the industry's growth rate defying chairman to the future strategy office and then to coexistence within the industry we aim to foster
industry headwinds and maintaining the No.1 our various entity enterprises. At the same time integrated development and shared success.global market share in ternary materials for the we will establish partner enterprises globally and
fourth consecutive year. We continued to increase implement equity incentives to attract core talents to
investment in R&D to strengthen our technological jointly promote the strategy and achieve co-creation
leadership in high-nickel and ultra-high-nickel and sharing. In 2024 the company announced
materials with our intermittent process technology the normalization of “annual work” and “Eaglereaching an industry-leading level. At the same Action” incorporating them into the daily operation
time we made breakthroughs in the industrialization mechanism to enhance corporate efficiency and
of lithium manganese iron phosphate (LMFP) and strengthen strategic execution.sodium-ion battery materials with LMFP product
sales doubling year-on-year.
02 032024 Environmental Social and Governance Report About Ronbay Technology
About Ronbay TechnologyCompany Profile Ningbo Ronbay New Energy Technology Co. Ltd. (referred to as “Ronbay Product LayoutTechnology” stock code: 688005.SH) was established in September 2014
with over 4500 employees. It is a multinational high-tech company in the
new energy materials industry specializing in the research development High nickel/ultra-high nickel ternary Lithium-rich manganese based
production and sales of cathode materials for lithium/sodium batteries. The cathode materials cathode materials
company was founded by a senior team from the lithium battery industry Lithium
in China and South Korea. In July 2019 it was listed on the Science and battery Medium nickel high voltage ternary Spinel nickel manganese
Technology Innovation Board of the Shanghai Stock Exchange becoming materials cathode materials cathode materials
one of the first 25 listed companies on the Board. LMFP cathode materials Precursor materials
Ronbay Technology as the global leader in ternary cathode materials has
become a comprehensive supplier of cathode materials covering the entire
market. With years of leading global sales in ternary cathode materials it Sodium battery Sodium battery layered oxide Sodium battery polyanion
was the first to achieve mass production of 10000 tons of LMFP material. materials cathode materials cathode materialswith over The sodium battery materials have secured thousands of tons of orders
4500 from top customers. As a “provider of comprehensive solutions for the employees cathode material industry” Ronbay Technology focuses on the full lifecycle
services of new energy materials covering four core areas: research Solid state battery
and development innovation intelligent manufacturing supply chain Solid state Cathode materials for solid state
collaboration and resource recycling. It provides high-performance cathode battery Lithium-rich manganese based cathode batteries
materials and customized solutions for global customers helping to upgrade materials
materials
Solid electrolyte
the new energy vehicle energy storage and 3C electronics industries. Precursor materials
04 052024 Environmental Social and Governance Report About Ronbay Technology
Global Business Layout Beijing Tianjin Shanxi South Korea
Ronbay Global Ronbay Linfen
In 2024 Ronbay Technology actively promoted globalization layout built a transnational ecological Korea Regional Headquarters - Headquarters Skyland Zhongbei Seoul
community in the new energy industry and advanced capacity building in Europe North America Southeast North China Regional
Korea R&D Center - Seoul
Asia and other regions maintaining a leading edge in the process of globalization. Headquarters
EMT Base - Chungju
JS Base - Chungju
TMR Base - Gumi
Daejeon Office
Japan
Japan R&D Center
Japan Office - Osaka
Wuxi
Fenggu Energy Saving
America
North America Shanghai
Production Base
North America R&D
Center Shanghai Office
North America Office
Ningbo
South America
Ningbo Ronbay Headquarters
South America Branch East China Regional
Headquarters - Tanjialing
Yuyao R&D Center - Tanjialing
Precursor Production Base -
Linshan
Precursor Production Base –
Wuhan Xiantao
Headquarters Xiaocao’e
Central China Regional Cathode
Headquarters Production Base
Europe
Regional Headquarters Hubei New Energy Technology R&D Pilot LineR&D Center
Europe Production
Base
Production Base Europe R&D
Shenzhen Huizhou
Center
Europe Office Shenzhen Office Huizhou Office
Indonesia Singapore
R&D Center
Africa Ningde Ezhou Zunyi Indonesia Offshore Company
Production Base
Wholly-Owned / Holding Africa Branch Ningde Office Cathode Production Base Indonesia Office
Company / Office
06 072024 Environmental Social and Governance Report About Ronbay Technology
Progress of Globalization in 2024 Development History
The Phase I of 20000 tons in South Korea has been completed put into 2013 2014 2015
operation and is shipping on a large scale Ronbay was established; Acquisition of JAESE Energy; Realizing integrated
South The Phase II of production is imminent with an expected total production Confirming the business Acquisition of Yanguang High- operations of Ronbay
Korea capacity of 60000 tons per year plan in lithium battery tech; Reorganizing of Jinhe Technology’s system;
cathode material industry Lithium Battery; Acquisition Acquisition of EMT
Future production capacity planning: 100000 tons of ternary materials 20000 of South Korea TMR through CO. LTD.tons of phosphate JAESE Energy
Complete the acquisition of the Polish factory 2021 2019 2016
Europe Put into production in early 2026 Acquisition of Fenggu Energy- Listed in Science and The market’s first-
Phase I ternary production capacity of 20000 tons/year saving Technology; New Technology Innovation generation NCM811 high-
Integration Strategy was Board nickel products realized
released; Growth in both volume production
Set up an office production capacity and value
North Establish a holding company
America Site selection is in progress 2022 2023 2024
Brownfield project in progress New Integration Strategy Globalization strategy Acquisition of Poland’s JM to
was implemented; was released; Production expand production capacity
Acquisition of Skyland capacity was expanded at in Europe; Strategic upgrade:
Southeast Technology; Establishing a faster pace provider of comprehensive
Asia Set up an office a base in Xiantao; solutions for the cathode material
Production capacity was industry
expanded at a faster pace
Corporate Culture
Corporate Mission Corporate Vision Core Values Concepts of Sustainable Development
Developing the new energy industry improve Establishing a new energy industrial cluster Scientific Rational Learning Innovative Building an ecosystem on the basis of
the living environment of humankind open up with first-class innovation ability and high Broad Vision Systematic coexistence and blend with society environment
a bright future for the company and employees commercial civilization and partners
and pay back to society
08 092024 Environmental Social and Governance Report About Ronbay Technology
Chronicle of Events in 2024 07. 11.The organizational route of the
corporation has been further Significant progress has been
clarified establishing the future made in solid state battery
03. strategy office and a complete materials technologybusiness division system 09.
P customer development is
completed and certification is Sales of LMFP have doubled
passed maintaining its global market
05. share leadership and it has been adopted by leading
01. automakers
Ternary cathode material
In a comprehensive has been ranked first in
collaboration upgrade global market share for four
among top North American consecutive years
automakers the sales volume
of high-nickel cathode material
reaching about 20000 tons
accounting for about 15% of
the total annual sales
08.
The implementation of the
Southeast Asian layout has 12.
06. begun adhering to the New Integration Strategy Significant breakthrough
in the development of
Strategic upgrade: provider
of comprehensive solutions 10. medium-nickel products04. for the cathode material
industry Sodium battery polyanion
02. The acquisition of the materials secure a position for brownfield project in Poland core customers
Europe has been completed
JAESE ENERGY CHUNGJU enabling rapid deployment of
CO. LTD achieved a monthly production capacity in Europe
sales volume exceeding 1000
tons and made a profit
10 112024 Environmental Social and Governance Report Strategic Layout and Iteration
Strategic Layout and Iteration Under the guidance of the New Integration Strategy Ronbay Technology deepens strategic upgrading with an annual focus. In 2024 the strategic focus will be fully upgraded to the ecological stage aiming to achieve
the strategic goal of becoming a provider of comprehensive solutions for the cathode material industry by
establishing an ecological industrial chain and business model.The “Three-step Strategy”
Extreme New Integration Globalization A comprehensiveWe are self-positioned as an industry operator with an ultimate goal and long-term planning to “completely professionalization Strategy strategy solution providerRespond to Responding Full market replace petrochemical energy and realize sustainable development for humankind” and implement a “three- Full-scale entryfor the cathode
downstream cross- to upstream coverage materials industrystep” strategy on three major capabilities empowered by our strategy investment and management so sector competition enterprises — advancing extending along the ecology
as to meet the demands of business forms and customers in the new energy industry keep promoting the industrial chain
investment incubation and operation of the new energy industry and form a sustainable operation and Professionalization Integration Platform Globalization Ecologicalization
development model consistent with our own characteristics.New energy Thi
material cluster rdDeveloping the new energy
20202021202220232024
St
Ronbay listed on Science and Se ec po
Technology Innovation Board in nd industrial cluster well Running an S
Jul. 2019 F tir ep Ecological Industrial Chain and Business Models industry well
Running an t Step
enterprise well Ecologization as the evolutionary core of the New Integration Strategy signifies the company’s strategic
Sustainable Operation upgrade from traditional industrial operations to sustainable value coexistence. Ecologization is not only
an upgrade of technology or business model but also an essential reconstruction of corporate vitality and
corporate civilization. Ecologization encompasses green industries humanities and diverse global cultures.New Integration - Provider of Comprehensive Solutions for Advancing the ecologization strategy requires integration with society upstream and downstream industries and peer industries establishing an ecological industrial chain and business model.the Cathode Material IndustryRonbay Technology adheres to the concept of “Being the strongest and working with the strongest on Ecologicalization Subject Matterthe basis of coexistence and blend” relying on the operational strength of the technology industry and
professional investment capabilities to achieve resource focus and create a new business model and high-
dimensional competitive advantage. The company continues to promote the New Integration Strategy with Ecological The internal ecosystem and social ecosystem are integrated and Ronbayseven characteristics of “professionalism integration platform ecologicalization digitization globalization integration is integrated with its industry partnersand ” elevating from the perspective of industrial operation to an extremely focused system perspective.professionalization Integration Platform Ecologicalization Digital
Ecological Greening and low-carbonization of energy ecologicalization and circular
Intelligence Organization Globalization development utilization of resources and the construction of a new power system
Professionalization With integration Platform-basis is Becoming a Digital Organization is In the expansion
is the foundation. based on extreme the characteristic comprehensive transformation the foundation of of territory
The bases and professionalism of integration. solution provider enhances executive force. we absorb
platforms are investment With the platform for the cathode operational Organization is the wisdom
established expands along of science and materials efficiency the real-life entity of different Ecological Ronbay is a vibrant innovative and enterprising organism; it evolves itself
on extreme the industrial technology and industry. reduces internal and the means. civilization. evolution iterates and progresses continuously
professionalism. chain and sharing centers A strategic focus friction and This process This strategic
The concept promotes the of management for 2024. enables the began with the vision was
of extreme integration of finance company to implementation officially
professionalism industrial chain. and human evolve into a of a business announced in
was proposed in Incorporate resource we’ve more intelligent unit system 2023.
2020. the concept of transformed from and responsive and has been
ecology leading an enterprise to organization. continuously
to an ecological an investment developed since. Ecological Cultural soft links internal team collaboration; reduce internal conflicts
supply chain. platform. civilization through the recognition of values and ecological culture
Business expansion Improvement of business model Executive force Territory guarantee expansion
12 13The Path of Sustainable Development
Ecologicalization of Industry The Path of Sustainable Development
Leveraging our global advantages in the cathode materials segment Ronbay Technology will work closely
with industry partners to source end-of-life batteries from automakers and battery manufacturers develop At present sustainable development has become a core issue for global enterprises. Ronbay Technology
urban mining resources and build a global circular supply chain that complies with EU and U.S. regulations deeply recognizes the importance of systematizing specializing and standardizing sustainable development
while maintaining strong cost competitiveness. management systems. It deeply integrates the concepts of sustainable development into its corporate
strategy and operations formulates a sustainable development strategy that promotes both theory and
practice and actively responds to challenges.Disassembly and
powdering At the same time the company further deepens the concepts of sustainable development guided by the
Europe North South America “dual carbon” goal adhering to the mission of developing the new energy industry improving the human
Korea Overseas vehicle Refining living environment creating a better future for the company and employees and paying back to society with makers
the vision of establishing a new energy industrial cluster with first-class innovation ability and promoting theSoutheast transformation of the global energy structure. It builds a corporate value system with “green low-carbonAsiacircular” as the core and is committed to providing advanced experience for the sustainable development of
the global new energy industry.Overseas Precursor
battery cells
Core customer Processing center
Cathode Sustainable Development Roadmap
Ecologicalization of Business Model Construction period of Maturity period of Excellence period of in sustainable development sustainable development sustainable development
With cathode materials as its core business Ronbay Technology is extending upstream across the entire
value chain covering mineral resources end-of-life batteries smelting refining and precursor materials.By leveraging capital technology and strategic partnerships we are building deep mutually beneficial Three-year plan Five-year plan Ten-year plan
collaborations with our partners. Together we aim to create an ecological supply chain.Mining Precursor Used
Smelting Disassembly batteries
Refining Refining 2025-2027 2028-2029 2030-2035
Lithium raw
materials
Establish a sustainable Establish a comprehensive Establish a sustainable
development management sustainable development development system for
system and complete the system for the industrial the entire industry cluster
construction of system chain and foster a consistent aiming to become a
regulations and processes characteristic sustainable benchmark for sustainable
Ronbay’s cathode materials industry development culture of development in the global Ronbay both domestically new energy industry
and internationally
Capital Technology Equipment Consulting Research institute
14 152024 Environmental Social and Governance Report The Path of Sustainable Development
Sustainable Development Strategy Sustainable Development Governance
Ronbay Technology combines the ESG concept with the ecological concept of daily operations updates the Ronbay Technology has established a full-cycle
company’s sustainable development strategy for 2024 realizes the systematic coupling of ESG governance governance system that covers strategic planning
and ecological strategy and forms a precise mapping with the core issues and reporting framework of execution implementation and supervision and Decision- Board of Directors
sustainable development reshaping the ESG practice of the new energy industry with ecology-based improvement through top-level design organizational making level
thinking. change and technological innovation. The company
has established a three-tier management structure of Management level ESG Management Committee
Strategic Pillar Pillar Interpretation Framework Core Issues SDGs “decision-making layer - management layer - execution Correspondence layer”. The board of directors formulates the ESG
Regularly publish ESG reports Corporate governance strategic direction and supervises the achievement Execution level ESG Core Working
ensuring transparency and openness of Steady Compliance management of goals. The ESG Management Committee is Group/ Cross-functional information Progress departments
Improving the company’s governance Leads to a Risk prevention and responsible for coordinating resources and promoting Transparency and
communication structure with fair and transparent Bright Future
control cross-departmental special ized ESG working Establish an ESG
decisions Charting a Incorruption management groups covering the entire process of research and governance structure
Responding to the concerns of Beautiful and business ethics
stakeholders to ensure effective Blueprint Information security and
development production and supply chain.communication privacy protection
Insisting on research and development
to promote the progress in material
technology Striving for
Ecology-driven Adopting new technology to improve the Excellence
R&D innovation Sustainable Development Honors and Awards (Part)
quality service engineering and manufacturing quality Facilitating Product quality and safety the Process of
Saving energy reducing emissions of Customer serviceGlobalization
carbon and solving environmental and Award-winning organization Award
social problems
Coping with climate
Reducing the energy consumption and Ronbay Technology has been awarded the third-level certification changeswaste generation during production of ISO 56005 “Innovation and Intellectual Property Rights EnvironmentalUsing environment-friendly materials Low-carbon management system Management Capability” becoming the fourth enterprise in China Ecological
environment and reducing negative impacts on the Environment environment Energy management
and the first in Zhejiang Province to achieve this certification
green Practicing
development Adopting recycling economy and GreenWater resources Ronbay Technology has obtained the certification of “Enterprisepromoting the recycling of products and Coexistence management Ronbay Technology Intellectual Property Compliance Management System - GB/
materials Pollutant and wastemanagement T29490” for many years in a rowAdopting clean energy
Circular economy Ronbay Technology has been recognized by the Foreign Expert
Adopt an ecology-based thinking Workstation of Zhejiang Province
engage in industry exchanges and
continuously interact and adapt to the Wind ESG Rating Upgraded to A for the First Time
Responsible external environment Win-win
operation Collaboration and cooperation within Value Driving Responsible supply chain
Harmonious the supply chain to jointly promote the Industry management The subsidiaries Hubei Ronbay and Guizhou Ronbay have been
Coexistence development of new energy business Development certified by the Ministry of Industry and Information Technology of
Digitizing management of supply chain the People’s Republic of China and have been awarded the title
traceability carbon footprint and other of “National Green Factory”
information to reduce risks and costs
Fair employment andEnsuring the safety and health of rights and interests Hubei Ronbay a subsidiary has been awarded the title of “Digital People-workplaces oriented protection Twin Factory in Hubei Province”Subsidiary
Promote employees’ career development Achieving Staff training and
development
Corporate and education Happiness Guizhou Ronbay a subsidiary has been awarded the title of
citizenship Protecting the rights and benefits of the Sharing Occupational health and “Guizhou Green Supply Chain”
responsibility employees and forbidding discrimination Taking safety
and exploitation responsibility Rural revitalization and
Supporting community development and Promoting public welfare charity Ningbo Ronbay Xiaocaoe Branch was awarded the title of
participating in community service and Harmony and Community
Prosperity “Waste-free Factory” by the Ningbo Municipal Bureau of Ecology charity activities communication and
involvement and Environment
16 172024 Environmental Social and Governance Report The Path of Sustainable Development
Communication with Stakeholders
The company adheres to the principle of stakeholder engagement emphasizing communication with diverse
stakeholders. It fully identifies stakeholders and establishes diverse communication channels tailored to
their varying concerns. The company explores normalized communication mechanisms deeply understands
stakeholders’ expectations for the company’s development promptly responds to their demands and
expectations and fosters long-term mutually trusting relationships.Stakeholders Key focus topics Communication methods Stakeholders Key focus topics Communication methods
Corporate governance
Compliance management
Risk prevention and control Information disclosure Customer service Company official website
Responsible supply chain Regulatory supervision R&D and Innovation WeChat official account
management
Forum meetings Product quality and safety
Government Media platformRural revitalization and public Consumers and
and regulation Social media customers Information security and welfare Service hotline
institutions privacy protection
Product quality and safety
Coping with climate changes
Shareholders' meeting
Annual reports semi- Corporate governance
Compliance management annual reports and other Compliance management
Risk prevention and control information announcements
Shareholders and Incorruption management and Company official website
investors Product quality and safety
Social media business ethics
Social media
R&D innovation Investor hotline Media NGOs industry Information security and
E-mail privacy protection Industry exchange activitiesassociations etc.e-interaction Platform Product quality and safety
Responsible supply chain Supplier visit
R&D and Innovation
management Admission assessment
Suppliers/Partners Product quality and safety Purchasing process
Fair employment and rights Daily communication Rural revitalization and public
protection Supplier training welfare
Community communication Assist social welfare
Fair employment and rights Workers congress and involvement
protection Promote green productionThe public
Trade union Environmental management
Employee training and
Employees development Employee Training
system
Occupational health and safety Daily communication
18 192024 Environmental Social and Governance Report The Path of Sustainable Development
Double Materiality Assessment Ronbay Technology has identified a total of 22 key issues related to the environment society and governance
(6 issues at the environmental level 11 at the social level and 5 at the governance level) providing important
basis and guidance for the company’s future sustainable development strategy performance management
To effectively identify understand and respond to the close attention from various stakeholders regarding the and information disclosure.company’s sustainable development practices the company conducted a analysis of double materiality in
accordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies- Environment Society Governance
Sustainability Report (Trial) issued by the Shanghai Stock Exchange. In 2024 the company engaged in
in-depth communication with various stakeholders through questionnaire surveys interviews and other Coping with climate R&D and Innovation Fair employment and Corporate governance
forms taking into account international and domestic policies industry standards and peer practices. This changes Product quality and rights protection Compliance
allowed for a full understanding of their expectations and needs for the sustainable development of Ronbay Environmental safety Staff training and management
Technology providing strong support for strategy formulation and decision-making. management system Customer service development Risk prevention and
Energy management Responsible supply Occupational health control
Water resources chain management and safety Incorruption
Assessment Process management Chemicals management Rural revitalization management and
Pollutant and waste and public welfare business ethicsHazardous substance
management management Community Information security
Circular economy communication and and privacy protection
Understand the involvementBy interpreting domestic and international sustainable development
background of the
company’s activities standards company business operations product services value chains
and business and industry conditions we shall understand the sustainable development
relationships context in which the company operates.Information security and privacy protection Customer service
R&D and Innovation
Product quality and safety
Incorruption management and business ethics Coping with climate changes
Circular economy
Based on the actual situation of the company and communication with
Establish an Compliance management
issue list stakeholders we shall initially identify and screen the relevant sustainable
Staff training and development
Corporate governance
development issues and analyze the sustainable development issues. Responsible supply chain management
Fair employment and rights protection
Environmental management system
Risk prevention and control
Hazardous substance management Occupational health and safety
Assessment and Based on the company’s own situation industry development trends
confirmation of authoritative domestic and international research etc. we shall assess Energy management
Pollutant and waste management
importance of and rank the impact materiality and financial materiality of the issues
issues forming a double materiality matrix.Rural revitalization and
public welfare Water resources managementCommunity Chemicals management
communication
and involvement
After review and confirmation by the company’s management key
Issue review
and report disclosures shall be made in the high importance issues in the report
during the reporting period.Impact Materiality
E S G
2021
Financial Materiality2024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Upgrade the governance system with women accounting for
Governance 33% of the board of directors and convening 11 board of
optimization directors meetings throughout the year to ensure efficient and
transparent decision-making
Overseas sales have surpassed 20000 tons with offices
01 Global layout and production bases established in North America Europe and Southeast Asia accelerating the construction of localized production capacityCash dividends accounted for 24.89% of net profit and a
Investor returns total of 10090400 shares were repurchased boosting
market confidence
Steady Progress Leads to
Launched a digital contract management system released
a Bright Future Charting a Compliance management 22 overseas compliance research reports and strengthened compliance operations for global business.Beautiful Blueprint Accumulated 1206 patent applications including 629
Technical innovation invention patents obtained ISO 56005 innovation management
certification of Level 3 with patents covering core areas of new
energy
Implemented a three-defence line risk control system identified
Information security
and risk management 191 risk warnings achieved an audit coverage rate of 83%
and ensured compliant and stable operations
Cheapter contents 1.1. Strengthen Governance and Consolidate the Foundation of Governance 24
1.2. Compliance Management Ensures the Stability of Business Operations 28
1.3. Anti-corruption and promotion of integrity and Build an Integrity System 34
1.4. Intellectual Property Protection 38
1.5. Information Security Guarding the Data Defence Line 40
Ningbo Ronbay New Energy Technology Co. Ltd.
22 232024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Strengthen Governance and Consolidate Board Governance
the Foundation of Governance Ronbay Technology has always been concerned about the During the reporting period
scientific normative and transparent nature of corporate
decision-making establishing a scientific board of directors
Ronbay Technology has always regarded the improvement of its corporate governance system as the governance system. The Strategic Committee focuses on the the company held a total of
cornerstone of sustainable development strictly abiding by the requirements of the Company Law of the company’s long-term strategic planning major investment 2 shareholders' meeting
People’s Republic of China the Securities Law of the People’s Republic of China the Commercial Law and financing projects and capital operations with an eye on
and other local laws and regulations where it operates and building a governance structure that is highly the technological layout in the field of new energy materials. 11 meetings of the board of directors
compatible with its business. Under the New Integration Strategy the company has strengthened the cross- The Audit Committee is responsible for improving the quality
departmental collaboration mechanism and resource integration capabilities by building a platform-based and of the company’s financial information disclosure supervising 3 meetings of the Nomination
organized operation system transforming governance advantages into development momentum. the operation of the internal control system and ensuring the Committee
company’s audit compliance. The Nomination Committee is 6 meetings of the Audit Committee
responsible for leading the qualification review of candidates
Organizational Structure for the replacement of the board of directors ensuring that 2 meetings of the Remuneration
the background of directors and senior executives closely and Evaluation Committee
Ronbay Technology strictly adheres to the Code of Governance for Listed Companies and the No. 1 Self- matches the company’s strategic needs. The Remuneration
regulatory Guidelines for Listed Companies in the Science and Technology Innovation Board of the Shanghai and Evaluation Committee is responsible for improving the The meetings fully discussed and
Stock Exchange - Standard Operation. It has established a corporate governance structure centered around performance evaluation system for directors and senior voted on various proposals of
the shareholders assembly the board of supervisors and the board of directors. Under the board of directors executives and promoting equity incentive plans. The board the company ensuring that the
there are the Strategic Committee Audit Committee Nomination Committee and the Remuneration and of directors and various specialized committees implement company’s decisions are compliant
Evaluation Committee. Corresponding decision-making and operational mechanisms have been established the resolutions of the shareholders assembly to ensure the rigorous and efficient.to enhance the company’s scientific decision-making capabilities and effectively safeguard the interests of all company’s sustained healthy and stable development.shareholders and creditors.All directors and supervisors of Ronbay Technology strictly adhere to the Company Law of the People’s
Governance Organizational Structure Republic of China and are elected in accordance with the Articles of Incorporation and other internal
regulations. In accordance with the Measures for the Administration of Independent Directors of Listed
Companies and the Rules Governing the Listing of Stocks on the Science and Technology Innovation Board
of Shanghai Stock Exchange and taking into account the actual situation of the company the company has
General Meeting of Shareholders revised the Independent Directors Work System Rules of Procedure for the Nomination Committee Rules of
Procedure for the Audit Committee Rules of Procedure for the Strategy Committee and Rules of Procedure
for the Remuneration and Evaluation Committee. Additionally the company has introduced the Working
Board of Supervisors Rules for Special Meetings of Independent Directors to further clarify the scope of responsibilities authority
boundaries and procedural processes for independent directors. In 2024 the company completed the
Board of Directors election of the third term of the board of directors and the board of supervisors. The new board of directors is
composed of 6 non-independent directors and 3 independent directors. The members of the board of directors
have professional backgrounds in various fields such as new energy materials enterprise management
and financial investment. The educational background work experience and professional experience of the
independent director candidates are all capable of fulfilling the duties required of independent directors.Strategy Nomination Remuneration
Committee Committee Audit Committee and Evaluation Key Performance Committee
Index Unit 2024
Number of board of directors Persons 9
Male director Persons 6
Female director Persons 3
Ratio of women on the board of directors % 33
24 252024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Salary Management Investor Rights and Benefits Protection
Ronbay Technology has established a performance review mechanism for the board of directors regularly Ronbay Technology has always been committed to establishing a sound investor protection mechanism
assessing the performance of board members to ensure the effectiveness of board governance. At the and enhancing the company’s credibility and market competitiveness. During the reporting period the
same time the company strengthens the responsibility of the board of directors on ESG issues adheres company implemented the 2023 annual profit dividend plan distributing cash dividends of 3.03 yuan perto the principles of “remuneration based on performance and shareholder returns adapted to personal 10 shares which accounted for 24.89% of the company’s net profit attributable to shareholders of listedresponsibilities contributions and performance linked to the company’s market value and performance and companies for the year. From October 2023 to July 2024 the company repurchased a total of 10090400associated with sustainable development indicators” and formulates a compensation management scheme shares accounting for 2.09% of the total share capital. Some of the repurchased shares were used for future
for all staff including directors supervisors and senior executives. It is clearly stipulated that ESG indicators implementation of equity incentive plans or employee stock ownership plans while some were cancelled
shall not be less than 10% of the annual salary assessment. At the same time key ESG performance to maintain the company’s value and shareholders’ interests. The company’s continuous implementation of
indicators are assessed using a score-deduction mechanism with point deductions applied for violations or the repurchase plan demonstrates its determination to advance together with its employees and investors
controversial incidents. promoting further improvement in the company’s operating performance and contributing to the company’s
long-term healthy and sustainable development.Organizational Management Innovation In order to enable investors to more thoroughly clearly and comprehensively understand the company’s
latest operating conditions and future plans during the reporting period the company organized multiple
Guided by the New Integration Strategy the company comprehensively optimizes its organizational performance presentations responded to 116 investor questions through the Shanghai Stock Exchange
management system. At the top-level design level it establishes a future strategy office to strengthen E-interaction platform maintained communication with investors through various channels such as email
strategic decoding and industrial investment capabilities. Based on the functional empowerment hierarchy and investor hotline continuously paid attention to and collected opinions from investors and the media and
and business value chain positioning departments are divided into main businesses the mid-tier and promoted two-way communication between the company and investors.the back-end support for intensive management. The front-end is close to business market updates and
iterations the mid-tier dynamically empowers and optimizes resources and the back-end ensures strategic
focus forming a cross-functional matrix collaboration mechanism to help build an industrial investment and
operation corporation. Investor communication channels
●
Ronbay Group Company official website WeChat
● Performance presentation
official account
● Periodical reports
Future Strategy Office ● Exchange e-interaction platform
● Roadshow and Anti-roadshow
Strategy President’s Management Transformation Human Finance and
● Investor hotline and investor email
Office and Digital Intelligence Resources Economics
Back Office ● Site survey
Legal Administration Investment Securities Academy of Risk Affairs Management Ronbay Management
Marketing and Central Research Engineering and Supply Chain
Sales Institute Manufacturing Management
Middle Office
Quality Environmental Safety and
Sustainable Development Investment Equipment
Core
Business
Greater China Region Korea & Japan Region North America Region
Regional
Management
European Region Southeast Asia Region ……
2627
Ternary Cathode
Materials Division
LMFP Division
Sodium-ion
Battery Division
Precursor
Materials Division
Recycling
Division
……2024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Compliance Management Ensures the Compliance Risk Management
Stability of Business Operations Ronbay Technology identifies key compliance risks according to the functions of different departments collaborates with each department to provide legal support and jointly responds to risks. It identifies seven
key compliance areas including market transactions safety and environment protection finance and taxation
Ronbay Technology firmly believes that compliance management and risk control are the important product quality intellectual property rights labor and employment and business partners and formulates
foundation for the stable development of enterprises. The company continues to optimize internal corresponding control measures. It highlights compliance review and supervision in the three key links of
compliance management and constantly improve the risk control system. The company has established institution formulation operation decision-making and production and operation and strengthens compliance
a legal department and a risk prevention and control center to coordinate compliance management and management for management staff on important risk positions and overseas personnel.risk prevention and control work meet the needs and expectations of stakeholders and ensure the stable
In 2024 the company conducted in-depth compliance risk analysis in 21 key areas identifying 370
operation of the enterprise.compliance risks. By implementing a closed-loop management mechanism the company comprehensively
Compliance Management improved its ability to prevent and control compliance risks ensuring the standardization and sustainability of its operations.The company attaches great importance to compliance management and the third session of directors
supervisors and senior executives have no regulatory penalties judicial investigations or dishonesty. The Overseas Compliance Management
company has established an Audit Committee to review internal audit reports quarterly and actively promote With the acceleration of globalization overseas compliance risks have become prominent. The company has
internal control rectification and process optimization. The company’s legal department coordinates the taken targeted review measures for the compliance dimensions of overseas business combining internal
construction of the compliance management system benchmarks the industry’s best practices and builds a and third-party review. Through a weekly reporting mechanism it regularly monitors and reports on litigation
comprehensive compliance management system led by “construction of corporate compliance culture” and cases overdue payment cases and daily operational risks. At the same time Ronbay Technology actively
supported by personnel technology systems and processes providing system support for the management conducts overseas compliance research completing special studies on the U.S. Inflation Reduction Act the
construction of compliance management organization compliance management operation and compliance U.S. Committee on Foreign Investment’s National Security Review Annual Report and the European Foreign
management guarantee. Subsidies Regulation providing strong support for overseas investment decisions. Additionally the company
conducts in-depth policy and business environment research on key projects and industries in regions
such as North America Europe Indonesia and South America producing 22 research reports to clarify
Operation Mechanism Guarantee Mechanism compliance obligations and reduce investment and operational risks.The company adheres to the principle of “acting based on prevention beforehand control during the processOne and supported by remediation”. It adopted preventive measures against compliance risks beforehand and
System Five Mechanisms embedded compliance reviews of business contracts regulations and important decision-making processes
into various overseas business procedures achieving full coverage of compliance risk prevention from the
early stages of the project to operation. Simultaneously the company actively promotes overseas compliance
analysis and risk warnings to ensure compliant operations in different countries and regions. The company
incorporates compliance management performance into job evaluations requiring overseas companies to
regularly report and undergo inspections on their compliance management efforts.The Most Potential Legal/Compliance Team of 2024
On December 21 the “4th WELEGAL Legal Compliance Rankings Award Ceremony”
was held in Shanghai. Our company’s legal department stood out from hundreds
of state-owned enterprises foreign enterprises and leading private enterprisesacross the country and was awarded the “WELEGAL 2024 Top 20 Most PotentialRonbay Technology actively promotes the digitalization of compliance. In 2024 the company launched an Legal/Compliance Teams” award. This award recognizes legal compliance teams
integrated contract management system centered around contracts achieving full-process digitalization and individuals who have made outstanding contributions throughout the year
of compliance risk internal control and analysis optimizing management processes and efficiency. At jointly empowering the sustainable development of enterprises. This honor is a high
the same time the company continues to improve its contract management litigation management and recognition and affirmation of the quality of our legal team and the excellent platform
intellectual property rights management systems collaborating with multiple departments for coordinated provided by our company.review to effectively avoid contract risks.
2829
Compliance Management System
Compliance Risk Identification
and Early Warning Mechanism
Compliance Risk Handling
Mechanism
Compliance Review Mechanism
Accountability Mechanism for
Violations
Assessment Mechanism of
Compliance Management System
Strengthening compliance assessment and
evaluation
Construction of compliance management
information-based system
Establishment of a professional and high-
quality compliance management team
Valuing compliance training
Fostering compliance culture
Establishing the order of compliance reporting2024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
“Contract-abiding and Trustworthy Enterprise” in Hubei
Province
On October 21 the list of “Contract-abiding and Trustworthy”
enterprises for the 17th session in Hubei Province was
announced. Subsidiary Hubei Ronbay was successfully selected
for its honest operation and excellent contract fulfillment ability.This honor not only demonstrates Ronbay’s contract spirit and
respect for contract obligations in business activities but also
injects new impetus into its future sustainable development.Case Compliance Risk Prevention and Control Practices in the United States
Ronbay Technology updates relevant business requirements in a timely manner according to
changes in the US situation actively conducts legal analysis related to the US closely monitors Internal Control and Risk Management
the legislative dynamics of the Trump administration invites local lawyers to provide consultation
and implementation training on California labor employment laws and analyzes patent risks and Ronbay Technology strictly adheres to the Company Law of the People’s Republic of China Basic
countermeasures in the US based on the company’s patent situation. Regulations for Internal Control of the Company and other relevant laws and regulations as well as the
Through analysis and risk identification work the company has formed an analysis summary of relevant requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange.compliance risk control points for labor employment in the United States and has produced 12 It actively engages in internal control management and corporate risk prevention and control. The company
major research reports in the United States including FEOC and anti-monopoly law and a patent adheres to the concept of “prevention first systematic governance” to ensure standardized corporate
risk map for the United States. governance and stable operations.Internal Control Evaluation
Case Compliance Risk Prevention and Control Practices in Europe
Ronbay Technology has formulated Oversight and Governance Regulations Regulations on Litigation
The European Commission has released the Net-Zero Industrial Act and the Critical Raw Management Regulations on Contract Management and other institutional documents actively improving
Materials Act proposing that at least 40% of clean energy technologies should be manufactured the internal control system and has completed a total of 50 internal control systems covering all operational
within the EU by 2030. As part of the EU Green Deal Industrial Plan the company closely aspects such as corporate governance and human resources. In 2024 no major defects were found in
monitors legislative dynamics in the European region and prepares for business development in financial and non-financial reports.advance. Based on the company’s patent situation it analyzes patent risks and countermeasures
in the European region. Ultimately the company has produced six major research reports in the The company follows the principles of legitimacy comprehensiveness importance and objectivity and
European region including the Critical Raw Materials Act and the Polish corporate governance regularly conducts internal control evaluations based on the Basic Regulations for Internal Control of the
legal report and developed a patent risk map for the European region to reduce operational risks Company and the ISO 31000 Risk Management Standard in conjunction with the internal control system
for the company’s compliance work. and evaluation criteria. For key business process links the company continuously strengthens the procedural
internal control supervision mechanism regularly conducts normalized audits and achieves effective process
supervision. At the same time the company achieves effective supervision of bidding business through the
Compliance Training combination of in-process supervision of bidding and post-purchase routine auditing effectively preventing
In terms of compliance culture construction the company has established a compliance training mechanism internal control risks.integrating compliance culture into the core values of the enterprise employee performance evaluation
and daily behavior through daily training and assessment promoting employees to deeply understand Risk Management System
and practice compliance requirements. At the same time overseas compliance training is conducted for
directors senior executives and employees assigned to work overseas. In 2024 the company hired a third- Ronbay Technology has focused on establishing a “three-defence line” risk management system covering
party professional organization to conduct professional training and case experience sharing for relevant the entire business chain to minimize losses caused by risks related to the operation process. The company
employees of the legal department more than twice a quarter and provided targeted compliance training ensures that risks are identifiable assessable and manageable. For different types of risks the company
for various business departments on overseas risks of intellectual property rights contract compliance etc. has set up a special plan linkage mechanism to enhance the efficiency of emergency response and risk
strengthening the trainees’ understanding of compliance requirements for related topics. management capabilities of the enterprise.
30 312024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Three defence lines for risk management Risk Control Training
In terms of risk culture construction the company integrates risk management into employees’ daily work
through comprehensive training and awareness promotion. Relying on the Academy of Ronbay program the
Principals of Divisions and Business Units company conducted seven risk management trainings across the entire corporation in 2024. Through various
First forms such as face-to-face courses online course announcements and video promotions the company As the primary responsible person the principals of divisions and
Defence popularized risk control theories and methods covering new employees special-purpose positions and the business units is tasked with implementing risk prevention and control
Line management thereby enhancing risk prevention and control awareness.responsibilities in daily operations and addressing over 95% of routine
risks through business norms and process optimization.Key Performance
Index Unit 2022 2023 2024
Corporate Diagnostics Department and Information Security Department
Second Risk control audits Number of times 30 18 16Focus on risk management and control during the process they assist
Defence business departments in improving control measures promote closed-
Line loop management of issues and strengthen information security and
compliance supervision. Number of problems reflected by the audits Number 43 129 381
Risk management training Number of times 4 2 7
Audit Department
Audit coverage rate Percentage 71 75 83
Third Through independent audits and special inspections we systematically
Defence verify and rectify the omissions in the first two defense lines establish
Line a deterrence mechanism and ensure timely remediation of risk
vulnerabilities.Case Weekly report management system
In 2024 Ronbay Technology established a comprehensive weekly reporting mechanism to
Risk Identification systematically carry out legal risk monitoring and management producing the Litigation Weekly
Report and Risk Weekly Report. Through the weekly report management system dynamic
tracking and analysis of litigation cases were achieved and the recovery rate of overdue payments
Ronbay Technology systematically addresses diversified In 2024 significantly increased compared to the previous year. This comprehensively enhanced the
risk challenges through a dynamic risk identification
company’s risk early warning capabilities and effectively reduced the company’s litigation costs and
mechanism and categorized and graded management.time costs. At the same time cross-departmental collaboration and coordination were achieved with
The company has established a weekly risk warning Daily and special risk monitoring more than 30 cross-departmental risk coordination meetings held throughout the year. In addition
report mechanism managing risks by frequency results showed that the case data analysis risk trend research and judgment and other content provided in the weekly
and impact with major risks directly involving senior
191 reports provided important references for the company’s management in formulating business management in decision-making. It has refined existing a total of risk warnings were strategies playing a key role in major project decisions and business expansion.
risk monitoring areas adding exchange rate risk identified across the entire corporation
monitoring and geopolitical risk analysis and expanding In 2024 the Legal Department has completed over 100 litigation weekly reports and risk weekly reports achieving
to key areas such as macro policies environmental an accuracy rate of 90% for major risk warnings.safety and investment and acquisition.
32 332024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Anti-corruption and promotion of integrity
and Build an Integrity System
Ronbay Technology respects the free and fair market economic order continuously optimizes the business
ethics management system comprehensively promotes anti-corruption and business ethics construction and
is committed to creating a working atmosphere of “compliance integrity honesty health positivity”.Construction of an Integrity System
The company continues to implement institutional documents such as the Accountability Regulations for
Supervision Cases Regulations on Workplace Integrity Regulations on Presents and Cash Gifts Regulations
on Whistle-blower Rewards and the Honest and Clean Cooperation Agreement to build a comprehensive
integrity management system. In 2024 the company established an integrity management system with the
Disciplinary Committee under the board of directors responsible for the integrity construction work of various “Whistle-blower” System
business systems and subsidiaries. At the same time we issued the Oversight and Governance Regulations
to further clarify the supervision mechanism and whistle-blowers protection mechanism with measures such Ronbay Technology has established a “whistle-blower”
as employee integrity commitment whistleblower incentive mechanism and gift requirements. Additionally During the reporting periodmanagement system to encourage internal and external
we clarified prohibited misconduct for employees of different positions and functional lines divided the degree personnel to uncover and report illegal and irregular
of violations and disciplinary actions standardized supervision procedures and implemented the principle behaviors within the company. Special personnel areof “taking lessons from the past and avoiding future mistakes helping others by providing guidance and assigned to handle and investigate reporting clues. The more than 10 reports wereassistance”. company firmly adheres to the principle of “protecting the received and the handlingwhistle-blowers” implements a confidentiality mechanism completion rate of irregularities
for whistle-blowers strictly keeps reported information reached 100%.confidential and takes measures such as minimizing
Chairman of the Board the number of insiders strictly prohibiting the disclosure
of reported content and personal information of whistle-
Governance Level blowers and absolutely tolerates no retaliation against
whistle-blowers in any form.Disciplinary Committee
Reporting Channels
Risk Control Center
Tel and WeChat 15057426133 (WeChat account: Ronbay Clean Practice)
Inspection Group under
Group Level the Corporate Diagnosis Audit
Department Department
Whistle-blowing email jubao@ronbaymat.com
The company’s WeChat Whistle-blowing and complaint
Regional Inspection
Business Unit and Groups (e.g. Central China Whistle-blowing QQ 2140436461
Subsidiary Level Inspection Group East
China Inspection Group)
Mailing address The Supervision Department of Ronbay Risk Control Center 39 Tanjialing East Road Yuyao Zhejiang
34 352024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Anti-corruption Training Trade Secret Protection
Ronbay Technology attaches great importance to the During the reporting period Ronbay Technology strictly adheres to the Civil Code of the People’s Republic of China the Anti-Unfair
construction of a culture of integrity and conducts integrity Competition Law of the People’s Republic of China and the regulations on the protection of trade secrets
training for employees through various forms. With the the coverage rate of business ethics establishing a comprehensive confidentiality system and internal control mechanism to prevent the leakage
Academy of Ronbay as the core regular online and offline training for new employees reached of core technologies and business information. Any trade secrets involved in work must not be disclosed to
training is organized and new employees are required
to take compulsory online anti-corruption courses upon 100 outsiders or unrelated employees without approval.%
joining. At the same time the company announces and all employees signed the Employee
publicizes key risk points and violations throughout the Integrity Commitment Protection measures for business secrets
entire corporation and anti-corruption training covers
all employees from management to grassroots staff
ensuring that integrity and anti-corruption work become the
conscious behavioral norms of employees and establishing
a good business ethics environment.Supplier Integrity Management Business Conduct business secret protection training strengthen employees’ secret confidentiality awareness and enhance employees’ ability to correctly
training handle business secret information.To strengthen the integrity management of the supply During the reporting period
chain Ronbay Technology conducts background checks
and pre-contract inspections on suppliers signs a Letter
of Commitment on Integrity and Compliance of Suppliers the signing rate of cooperative
during the cooperation period and is supervised by the suppliers was 100%
Risk Control Center throughout the entire process. If
any violations are found the company will immediately
stop cooperation interview the supplier and improve No The company signs an NDA with our employees partners suppliers and
internal processes. The company has formulated the Disclosure
Agreement other third parties and introduces confidentiality clauses in its contracts to Code of Conduct for Suppliers requiring all cooperative specify the confidentiality obligations and liabilities for breach of contract.suppliers to sign the Letter of Commitment on Integrity and (NDA)
Compliance of Suppliers.Antitrust and Anti-Unfair Competition
Ronbay Technology adheres to the concept of compliance management and strictly complies with the Anti-
Unfair Competition Law of the People’s Republic of China and relevant laws and regulations in overseas Using technical measures such as encryption technology access
business locations. The company actively fulfills its legal responsibilities in anti-monopoly and anti-unfair Digital control systems and network security solutions we protect trade secret
competition creates a fair market environment resolutely resists actions that restrict or exclude market technology information and provide security guarantees for the classification storage
competition through improper means and fully guarantees the healthy and orderly development of the access control and transmission process of sensitive information.market. Ronbay Technology requires all employees to comply with the competition and anti-monopoly related
regulations in the jurisdictions where the business is involved. The company formulates comprehensive
guidelines to provide comprehensive guidance for dealing with unfair competition and clarifying potential
adverse impacts including legal consequences. In addition the company organizes antitrust law training to
continuously enhance employees’ compliance awareness and lay a solid foundation for steady development.
36 372024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Intellectual Property Protection
AwardRonbay Technology adheres to the intellectual property protection principles of “protecting innovation fruitsstrengthening product competition respecting intellectual rights and interests and achieving commercialsuccess”. It strictly complies with domestic and international laws and regulations such as the Patent Law
of the PRC and the Anti-Unfair Competition Law. It has formulated over 20 related systems including the
Intellectual Property Management Regulations the System of Patent Application and Approval and Reward
and Punishment the Overseas Patent Application Management Regulations and the Business Secret The core patent A high-nickel cathode material
Protection Regulations ensuring the full lifecycle management of intellectual property from application with directional arrangement of primary particles
maintenance to rights protection. In 2024 the company added the Ronbay Technology Patent Application and its preparation method won the gold award
Review Standards and the Management Measures of R&D Project Intellectual Property optimizing the quality in the Ningbo Municipal Patent Innovation
of patent applications and the efficiency of R&D results protection further improving the intellectual property Competition
management ecosystem.Ronbay Technology has established a systematic prevention and control system for intellectual Certified for several consecutive years under the Enterprise Intellectual Property Compliance
property risks strengthening risk response capabilities through proactive early warning mechanisms Management System - GB/T29490
and full-process compliance management. The company has released the Trademark Management
Regulations and Copyright Management Regulations improving overseas trademark registration
and risk control processes. The company has established a professional team for handling
intellectual property disputes and strengthened intellectual property compliance management.Through measures such as patent freedom-to-operate (FTO) analysis infringement risk assessment Indicator (cumulative) Unit 2022 2023 2024
and graded protection it achieves the identification and prevention of intellectual property risks.By the end of 2024 Ronbay Technology had a total of 1206 patent applications including 629 invention
patents and 577 authorized patents with 53 PCT international phase applications covering key markets such Invention applications piece 261 492 629
as China the United States and Europe. The number of patent applications by R&D personnel increased
by 23% year-on-year with patent technologies covering core products such as high-nickel ternary material
LMFP material and sodium battery cathode material as well as cutting-edge fields such as solid state battery
and recycling technology building multi-dimensional technical barriers. Invention patents granted piece 72 104 162
Applications for utility models piece 343 469 577
Utility models granted piece 274 346 435
In 2024 the company was awarded the third-
level cert i f ication of ISO 56005 Innovation
and Intellectual Property Rights Management
Capability becoming the fourth enterprise in China
and the first in Zhejiang Province to receive this The company’s Employee Recruitment/Termination Management contract sets intellectual property rights
evaluation marking its innovation and intellectual The third-level certification of ISO 56005 Innovation and Intellectual Property Rights clauses confidentiality agreements and non-compete restrictions clarifying the boundaries of rights and
property management system reaching the Management Capability responsibilities to prevent technology leakage and unfair competition risks. At the same time Ronbay
international systematic maturity stage. Technology has established a multi-level intellectual property training system covering research and
development production and new employees specifically strengthening the risk prevention awareness of
key position personnel.
38 392024 Environmental Social and Governance Report Steady Progress Leads to a Bright Future Charting a Beautiful Blueprint
Information Security Guarding the Data Information The company has established systems such as the Internal Audit Management Internal Audit Procedure of Information Security Management System and the Effectiveness
Defence Line Mechanism Measurement Control Procedure of Information Security Management System and has set up an internal audit team to conduct annual audits of the company’s
information security management system to ensure its smooth operation. The
Ronbay Technology has always placed information security and privacy protection at the core of its company company’s Information Security Committee is responsible for supervising and
development. The company has released six core systems including the Administrative Regulations on confirming information security audits. Before the end of each year the company
Personnel Information Security and the Administrative Regulations on Terminal Security covering key areas drafts the internal audit plan for the next year and compiles the Annual Information
such as risk management internal audit operational security and data classification refining the data Security Internal Audit Plan. The internal audit work is carried out after approval
lifecycle management and risk prevention and control mechanisms. by the Risk Control Center and based on the internal audit results the technical
configuration and institutional processes are dynamically optimized completing
The company has established an information security management system based on the ISO 27001 multiple system security enhancements.standard. It plans to launch the ISO 27001 certification project in June 2025 complete the certification for
domestic bases in 2026 and complete the certification for overseas bases in 2027 promoting the alignment Information The company has established a regular training mechanism for information security of the information security management system with international standards.Security Training awareness and based on the specific situation of information security needs it has
formulated an annual information security training plan to carry out special training
for core business departments facing information security. Training methods include
Digital Information Management centralized lectures video training etc. and the training personnel cover internal personnel of the company outsourcing providers and relevant personnel of other
external partners. At the same time information security awareness training is a
Ronbay Technology attaches great importance to the digital and intelligent construction of information compulsory course for new employees. The Academy of Ronbay’s online platform
security and privacy protection building a multi-layer defence system deploying tools such as data leakage sets up permanent information security courses such as Information Security
prevention systems terminal antivirus software and behavior audit systems managing supplier and Awareness Improvement Training and Overseas Information Security Compliance
customer data at different levels and strengthening terminal and network protection. Training - IT Module to popularize privacy protection knowledge and enhance
employees’ awareness of compliance operations.Digital information management initiatives Emergency Ronbay Technology has formulated and released the Information Security Incident
Response Management Measures based on the causes and manifestations of information
Mechanism security incidents establishing a four-level incident classification standard (Level I
to Level IV) covering 7 types of scenarios such as network attacks data leaks and
equipment failures. For identified risks of different levels targeted risk management
Develop virus protection file encryption and desktop management systems processes are formulated to ensure that risks are properly and quickly handled.Terminal level In addition the company regularly conducts emergency drills to enhance the
collaborative handling capability of emergencies.Privacy Protection We strictly abide by the related laws and regulations on data security and privacy
protection at home and abroad such as the Law of the PRC on Data Security
the Law of the PRC on Personal Information Protection the Regulations on Data
Exit Security Evaluation and the Law of South Korea on Personal Information
Establish standard network layering including application monitoring etc.Protection and other regulatory guidelines of the countries where our business
Network security is located. It has established a series of privacy protection systems including the
aspect Access Control Management Regulations Password Management Regulations
and Information Asset Security Management Regulations to safeguard user privacy
and sensitive data security through technical means such as data encryption
access permission control and media management. Additionally the company
deploys a data leakage prevention system to strengthen privacy protection for user
Establish security operation-related products on Huawei Cloud to form a and company information at the terminal device level.monitoring dashboard
Application level During the reporting period the company had not been punished by relevant
departments for violations of laws and regulations related to information security
and privacy protection.
40 412024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Establish the Central Research Institute lay out a global R&D
system promote AI-enabled electrochemical research and drive
Technological industrial upgrading
innovation and
research and
development In 2024 R&D investment was 424158800 yuan with
02 over 70% of R&D personnel holding master’s degree or aboveFormulation of Accumulatively participated in the formulation of 7 national
industry standards standards 3 industry standards and 6 group standards
Striving for Excellence Establish a full lifecycle quality management system achieving a
Facilitating the Process Product quality quality pass rate of 99.99% and a customer audit pass rate improvement of 100%
of Globalization In 2024 customer satisfaction reached 97.45% marking a Customer continuous increase for three years and the customer complaint
satisfaction growth
handling rate was 100%
Utilize AI intelligent analysis system to optimize market
Digital intelligent forecasting and decision-making and complete the construction
management
and launch of over 20 digital systems
Cheapter contents 2.1. Innovation Empowerment Driving Industry Development 44
2.2. High-quality Service Shaping Excellent Quality 49
Ningbo Ronbay New Energy Technology Co. Ltd.
42 432024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Innovation Empowerment Driving Industry Strengthen lean and agile project management establish a digital library
Development conduct knowledge management and digital and intelligent management Optimize ensure knowledge accumulation and accumulation and improve decision-
management making and execution efficiency.processes
Ronbay Technology regards technological innovation as an important driving force for enterprise development
and views research and development innovation as the key to establishing competitive advantages. The
company comprehensively plans the layout of innovation strategy builds a perfect research and development
innovation system actively promotes the trial production of new products and patent management work Broaden the cooperation network promote resource sharing and collaborative
leading the new era of innovative development. innovation.Establish a global
ecosystem
Construction of R&D System
Research and Development Philosophy Optimize management cultivate a high-quality R&D team and lay a talent
foundation for long-term development.Strengthen the
Ronbay Technology adheres to the principle of customer first and is committed to building a superb team of talents
technology research and development enterprise in the global secondary battery field where technological
innovation and commercial value go hand in hand. The company has established a Central Research Institute
to oversee the overall work of the R&D innovation module undertaking commissions from both internal and Undertake the corporation’s globalization strategy and provide strong support
external customers focusing on product technology development and cutting-edge technology exploration for the international layout of R&D activities.and building an innovative birthplace that covers next-generation products and future industry incubation. Promote
globalization of R&D
R&D Innovation System
The company’s long-term R&D strategy aims at the deep transformation towards digitalization and
intelligence of the R&D system promoting the shift of R&D mode from “product support-oriented” to
Ronbay Technology is oriented towards innovation orientation. Based on the original R&D system it further “progressive extension-oriented”. While meeting the demands of existing products it proactively lays out
optimizes resource allocation and focuses on the transformation from commercially leading R&D to innovation future cutting-edge technologies drives continuous industrial upgrading and lays a solid technical foundation
orientation-led R&D. Starting from six dimensions including strengthening the technology planning system for the incubation of new businesses. At the same time it actively embraces the rapid development and
and improving the patent operation system it promotes the company’s R&D system and strategic upgrade application of AI technology fully utilizing simulation tools to carry out diversified electrochemical research
and transformation. and accelerate technological breakthroughs.The company drives innovative development through high-level R&D investment. During the reporting period
R&D system upgrading strategy the company invested 424158800 yuan in R&D. The company has established an international R&D team
and widely recruited high-level experts in the fields of material research engineering technology product
management and analytical testing both domestically and abroad. R&D personnel are mainly distributed in
China and South Korea with over 70% of R&D engineers holding master’s degrees or above. Leveraging
independent research and technological cooperation the company actively develops new products and
Starting from planning and insight we ensure that the R&D direction is closely
Strengthen the continuously promotes the improvement of existing product quality. The company continuously empowers aligned with market demands and future trends.technology R&D personnel through R&D system training and knowledge sharing providing talent support for the
planning system company’s R&D innovation.Key Performance
Realize patent rights strengthen intellectual property protection and enhance Index Unit 2022 2023 2024
Improve the patent core competitiveness.operation system
R&D investment ten thousand yuan 48655.43 35424.45 42415.88
44 452024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Research and Since its establishment Ronbay Technology has focused on the research
Development development and innovation of cathode materials and precursors. The company
In terms of talent cultivation the company has jointly trained
Direction takes the Integrated Product Development (IPD) model as its core adheres to
multiple postdoctoral researchers with well-known universities and
customer demand orientation and conducts refined project management for mobile stations such as Zhejiang University University of Science
product development. Through cross-departmental collaboration the company has and Technology of China Ningbo Institute of Materials Technology
achieved efficient iteration and continuous optimization of products. and Engineering Chinese Academy of Sciences and Shanghai
Jiao Tong University. In 2024 10 postdoctoral researchers in the
Currently on the basis of consolidating the competitive advantage of high-nickel fields of solid-state battery high-nickel ternary material LMFP
materials the company is accelerating the innovative research and development of material sodium battery cathode material and electrochemistry
medium nickel high voltage ternary materials LMFP materials and sodium battery were added. These outstanding postdoctoral researchers have
materials continuously maintaining the industry’s comprehensive technological helped the company achieve excellent scientific research results in
leadership. The company’s core technologies cover lithium battery and sodium key technological fields.battery cathode materials precursors resource recovery engineering equipment
technology and solid-state battery related materials. In terms of R&D platform construction in order to further enhance the company’s technological innovation
capabilities and strengthen the fundamental support for scientific research the company continued to
The Central Research Institute has planned three technological Award increase investment in the construction of R&D experimental platforms in 2024 achieving significant
paths for its long-term technological layout progress. The company newly established one cathode pilot line and multiple small-scale experimental
platforms covering areas such as medium-to-high nickel ternary material (including spinel nickel manganese
Ultra-high energy density technology and lithium-rich manganese cathode) sodium battery cathode material phosphate cathode material and
It primarily involves the use of higher energy density positive solid state battery material. The testing platform introduced a digital R&D management system achieving
and negative electrode materials for solid-state/semi-solid full-process traceability of experimental testing data through the laboratory information management system
batteries aiming to enhance the overall performance of the (LIMS) which improved R&D efficiency by over 20%.battery.Mainstream technology iteration Case Achievements in Building an International Talent Platform
Focusing on continuous iteration and improvement of material
performance for ternary LFP and LFMP while also considering In 2024 Ronbay Technology was recognized by the Foreign Expert Workstation of Zhejiang
the iterative research and development of ternary material Province marking a significant breakthrough in the company’s efforts to build an international
systems compatible with solid-liquid mixed electrolytes. talent hub and promote collaborative technological innovation. This recognition highly Third Prize of
Zhejiang Provincial acknowledged the company’s global talent attraction and cultivation system. By establishing a
Low-cost technology Science and cross-cultural research collaboration platform the company has attracted top overseas technical
We are committed to the modification research of materials Technology experts to join accelerating the iterative breakthroughs in core technologies such as high-nickel
such as lithium manganate and exploring new sodium battery Progress Award ternary material and sodium battery materials. This marks a crucial milestone in achieving the
systems enriching the portfolio of low-cost products and deep integration of technological globalization and localized operations.enhancing the market competitiveness of our products.Construction of R&D Platform Innovative Products and Industry Leadership
Ronbay Technology has established and continuously deepened talent and scientific research cooperation
with well-known domestic and foreign universities and research institutions. By jointly building a research R&D Achievements
and development cooperation platform the company introduces cutting-edge technologies and high-quality
resources promoting the deep integration and development of the company with external innovative forces
and jointly building a sustainable industry ecosystem. Based on the advanced R&D system the company has successfully mastered several industry-leading core
technologies including precursor co-precipitation technology cathode material doping technology cathode
In terms of industry-academy-research cooperation Ronbay Technology has established long-term and in- material atmosphere sintering technology cathode material surface treatment technology high-voltage single
depth partnerships with multiple universities and research institutes. The company has signed technical crystal material production technology NiCoMn metal recycling technology Li2CO3 recycling technology
cooperation agreements with universities such as Tsinghua University and the University of Science and ultra-high nickel cathode material production technology and high nickel no water washing technology.Technology Beijing and has carried out a series of research and development cooperation projects. In
2024 the company jointly undertook the “Development of Next-Generation High Energy Density PhosphateCathode Materials” project a key technological breakthrough plan of Ningbo’s “Science and TechnologyInnovation Yongjiang 2035” initiative with the Ningbo Institute of Materials Technology and Engineering
Chinese Academy of Sciences Ningbo University and Eastern Institute of Technology Ningbo.
46 472024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
In 2024 Ronbay Technology achieved outstanding innovative results in core technologies such High-quality Service Shaping Excellent
as cathode material and precursor.Quality
● The layered oxide product YNL1-C has been successfully introduced into the Product quality and customer service are the trust bond between enterprises and consumers and also the
two-wheeler market. important factors for enterprises to win attention and recognition. Ronbay Technology continues to promote
● The polyanionic compound JY-3 product has achieved bulk delivery of orders. the construction of quality management system adopts comprehensive quality management measures
The sodium-ion battery anhydrous Prussian white product has been widely and regards the creation of excellent quality products and the provision of excellent customer service as the ●
recognized by customers. foundation of the company’s sustainable development.● The process of sodium ferric sulfate has been finalized and the product
Cathode material capacity has increased by more than 10% compared to industry competitors.innovation Quality System Construction
● High-nickel high-power fast-charging ternary product high-safety ternary
products and high-voltage medium- and low-nickel ternary products have Quality Management Strategy
become important components of the company’s product matrix.● Phosphate cathode products continue to undergo iterative innovation Improving the quality performance level of the entire corporation and creating value for customers are
broadening their application scenarios. the goals and pursuits of Ronbay Technology. Ronbay Technology closely focuses on the corporation’s
“New Integration Strategy” systematically builds strategic objectives in the field of quality management
comprehensively upgrades quality management and empowers the corporation’s high-quality development.● The capacity and cycle performance of ultra-high nickel precursor products Strategic objectives of quality management
have been significantly optimized and have entered the import certification
stage.Form a quality management team specialized in quality
Precursor ● Low-cost LMFP material precursor has been supplied in batches.innovation Establish RQM quality management system for the entire industry chain of Ronbay● The capacity and cycling performance of medium- and low-nickel products
have been significantly optimized. Build a “quality expert consultation platform” for both internal and external services
Form an ecosystem encompassing the entire industry chain and Ronbay’s quality management
diagnosis and improvement
Establish a continuously evolving digital platform for quality management
Establish a benchmark for sustainable global quality management model in the lithium battery
● The performance of hard carbon anode as evaluated by customers has materials industry
reached the top tier level in the industry. Establish a minimalist “agile” quality organization
Technical ● The precursor-free technology achieves the reduction of cathode cost and the
innovation technical level is at the forefront of the industry. To facilitate the implementation of the quality management strategy the company aims to achieve
“improvement in physical quality perfection of the quality system and cultivation of quality talents”
as the guiding objectives. It has set three-year five-year and ten-year plans for quality management.Through phased planning and implementation the company will continuously enhance the level of quality
management from three dimensions: product quality management system and talent cultivation ultimately
achieving the strategic goal of “the highest quality level in the global new energy industry”.Formulation of Industry Standards
Ronbay Technology continues to strengthen technological innovation and product matrix expansion actively Three-year Plan (2025-2027) Five-year Plan (2028-2029) Ten-year Plan (2030-2035)
promoting the construction of industry standardization. As an important participant in the formulation of
industry standards the company has participated in the formulation and revision of 7 national standards 3 Strengthen the quality Excellent quality Benchmark quality
industry standards and 6 group standards playing a significant role in leading the technological innovation management system management management
and standardized development of the industry.
4849
Quality
objectives2024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Quality Control Architecture
R&D quality The company utilizes Integrated Product Development (IPD) tools to optimize the The company has established a Quality Operation Management Department under the Quality Environmental control development framework and R&D management shorten the product development
Safety and Sustainable Development Center responsible for product quality management affairs. The cycle and prevent risks from the design stage through quality tools such as DFMEA.company clearly divides the product quality management responsibilities between the corporation and
factory/base levels and links quality objectives with personnel performance to ensure the implementation of Ronbay Technology has established professional laboratories in all manufacturing
quality management responsibilities at all levels. Laboratory
reliability and development bases that meet the performance test of all products including 8
management categories of chemical tests or more 9 categories of physical tests or more and 3
categories of electrical performance tests or more.Level Positioning
The company uses the Advanced Product Quality Planning (APQP) tool to help
Strategic decoding Project
management manage quality risks throughout the entire process from product design to mass
Corporation-wide strategy & system design production reducing defective products.Corporation Professional empowerment
Supplier The company regulates the quality management of suppliers from development
Innovation and improvement quality introduction and mass production delivery through the Supplier Quality Management
Indicator setting and management management Manual.Business execution layer The company comprehensively utilizes digital systems such as MES/MOM\LIMS and
Business unit & factory Process
Implement and achieve indicators quality quality management tools such as SPC MSA and FMEA to identify key elements
management of process management from 5M1E monitor the stability of the production process
and ensure the consistency of product quality.Ronbay Technology adheres to the quality management philosophy of “customer priority technology Customerinnovation legal compliance standard management risk control and continuous improvement” continuously quality Ronbay Technology continues to optimize the customer quality management
strengthening the construction of its quality management system. The company conducts regular internal management process to ensure timely response to customer demands.audits of the system’s operational results each year to ensure the adequacy and effectiveness of the system’s
operation identifying deficiencies and making timely improvements to ensure robust and high-level product
quality and safety standards. In 2024 all of the company’s production bases have passed the IATF 16949:
2016 quality management system standard with 100% compliance. Case Laboratory reliability management
The company has established a comprehensive product quality management system through documents
such as Metal Foreign Body Control - Personnel Management Standards Total Productive Maintenance In 2024 both Hubei and Yuyao laboratories will be managed according to CNAS standards and
(TPM) Management Procedures Pending Material Classification Standards Equipment Startup Environment have completed CNAS certification. Relying on a powerful experimental equipment platform
Metal Foreign Body Acceptance and Cleaning Regulations Sample Retention Management System etc. to and the in-depth participation of professional personnel the company continuously optimizes its
carry out comprehensive and whole-process fine management of product quality from multiple dimensions product reliability testing capabilities focusing on enhancing the reliability of its products.including “human machine material method environment and testing”.Quality and Capability Building In 2024 the company achieved a qualified rate of 99.99% for its shipment batches
throughout the year.Ronbay Technology attaches great importance to product quality management. By carrying out full
lifecycle quality management special quality management and quality culture construction activities it
comprehensively enhances the company’s quality control capabilities laying a solid foundation for creating In 2024 a total of 52 customers conducted 135 quality audits at the company
products of excellent quality.including The pass The number of customer audit there were
Quality Control Throughout the Life Cycle
60 rate was issues decreased by audits by no customer complaints
Ronbay Technology builds a quality control system throughout the life cycle to comprehensively monitor and 100% 40.5% compared to 2024
control product quality promptly identify and solve problems and help improve product quality. international high-end above Level Ccustomers
50 512024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Special Quality Management Case Quality Enhancement Training
In order to continuously promote the improvement of the company’s product quality in 2024 the company
carried out special quality improvement activities including metal foreign body management total production From August 1 to August 12 2024 Ronbay
and maintenance (TPM) and IE topic improvement continuously tackling existing quality issues while laying Technology’s South Korean subsidiary JAESE
the foundation for exploring new technologies and processes. Energy conducted quality enhancement
training covering all employees. More than
Case Equipment wear map production 190 frontline employees actively participated
e f fec t i ve ly he lp ing them deepen the i r
To intuitively understand the wear and tear of equipment and provide a basis for the overall professional knowledge and improve their
condition assessment of the equipment the company created an equipment wear map in 2024. A practical skills
total of 122 inspection points were set up accurately identifying 24 key abnormal wear points and
accordingly outputting 95 specific improvement measures. This action provided a scientific basis
for subsequent equipment maintenance and management further optimizing the management
strategy for the entire life cycle of the equipment. Case IATF16949 Quality Management System Training
To enhance employees’ understanding of
Case Total Productive Maintenance (TPM) improvement practice the IATF16949 quality management system
the subsidiary Xiantao Ronbay conducted
In 2024 Xiaocaoe Branch actively promoted the implementation of the Total Productive IATF16949 training in 2024 with over 100
Maintenance (TPM) management system. participants. Through learning and discussion
participants gained a deeper understanding of
Throughout the year a total of 1686 on-site diagnoses were conducted with an annual the automotive quality management system
improvement completion rate reaching 93.53%. The company organized multiple TPM knowledge which will facilitate the daily operation and
and practical training sessions throughout the year achieving a 100% employee participation rate. management of the system.Hazardous Substance Management
Award
To meet international regulations and customer requirements Ronbay Technology has formulated the
Administrative Regulations on Environmental Matters which is based on the new EU Batteries Regulation
In 2024 Hubei Ronbay won the Excellent Quality Award presented by EU Packaging and Packaging Waste Directive Directive on the Restriction of the Use of Certain Hazardous
Farasis Substances in Electrical and Electronic Equipment Regulation on the Registration Evaluation Authorisation
and Restriction of Chemicals Requirements for Prohibited Substances on Automobiles and a series of
standards for limiting the content of halogens (such as chlorine and bromine) in products. The regulations
Product Recall Mechanism comprehensively control raw materials packaging materials and products during procurement production
storage transportation packaging and delivery. By identifying and managing the risk of cross-contamination
To ensure customer rights and interests Ronbay Technology has During the reporting period of hazardous substances the company eliminates the potential concentration and accumulation effects in
established a comprehensive three-level product recall system to fully the manufacturing process ensuring that products do not contain hazardous matters such as lead mercury
guarantee product quality. Once non-conforming products are found the no product recall events nickel hexavalent chromium polybrominated biphenyls and polybrominated diphenyl ethers.company will notify customers immediately and quickly initiate the recall took place
process based on the urgency of the incident to minimize customer At the same time Ronbay Technology’s production bases strictly follow the Requirements of Hazardous
losses. Matter Process Management System (IECQ QC080000 HSPM) establishing a full-process hazardous
matters management from raw material procurement to product delivery. The company adheres to the
Quality Culture Construction principle of “not accepting not manufacturing and not leaking” hazardous matters and is committed to
providing customers with green environmentally friendly and pollution-free products.Ronbay Technology places great emphasis on the cultivation of corporate quality culture and is committed
to fostering a quality culture that involves all employees and resonates deeply with them. It has adopted For raw materials provided by suppliers the company requires them to submit test reports that meet relevant
a diversified training approach that combines online and offline methods to ensure that every employee standards or conduct self-inspection at the production base to ensure that the hazardous matter content of
acquires comprehensive quality knowledge and practical skills. the raw materials meets the standards. Strict control is imposed on the admission of hazardous matters to
ensure the environmental friendliness and safety of the products.
52 532024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
Customer Management and High-quality Service
Customer Service Management Customer Complaint Handling Mechanism
Ronbay Technology adheres to the “customer-centered” service concept continuously strengthening the Ronbay Technology attaches great importance to the management of customer demands and has formulated
construction of customer service systems in pre-sale in-sale and after-sale stages and improving customer documents such as the Customer Service Control Procedure and the Administrative Regulations on
service satisfaction and the efficiency of responding to customer demands. The company has established Customer Satisfaction. At the same time it has established a sound customer demand information feedback
systems such as the Control Procedure for Customer Demands and Contract Review Customer Service channel and processing procedure to ensure that customer needs and complaints can be timely fully and
Control Procedure and Customer Satisfaction Control Procedure continuously standardizing management reasonably fed back and accepted. The company forms a closed-loop management of customer complaint
processes and enhancing the efficiency and satisfaction of responding to customer demands. service through the collection and integration of customer complaint information regular analysis and
rectification tracking and collaborative improvement.The company has introduced a Customer Relationship Management (CRM) system to fully transfer domestic
and international customer management to the online platform. This enables traceability of customer
information visualization of sample processes and full-chain control of internal orders optimizing customer
experience and enhancing management efficiency. Information Establish a customer complaint information statistics table and the system will
collection and collect integrate and summarize customer complaint information ensuring the
In 2024 the company deepened customer relationship maintenance and drove continuous improvement integration completeness and accuracy of the information.in customer satisfaction through diversified strategies such as official website and WeChat official account
promotion participation in exhibitions and forums customized product development priority production
arrangement flexible payment schemes and one-on-one order tracking. Regularly organize joint analysis of complaint information and data by multiple
Regular
analysis and departments including technology production quality procurement and
rectification marketing formulate targeted rectification measures track the effectiveness of
External recognition (part of 2024) rectification and promote systematic improvement of customer complaints.For aspects of customer complaints that require external improvements specific
“Best Service Award” EVE Energy Co.Ltd Tracking and collaborative improvement requirements should be proposed to raw material
by CATL-FAW “Joint Innovation Award” collaborative suppliers through the procurement side and continuous tracking of customer
improvement usage effects should be conducted to ensure end-to-end closed-loop handling
of quality issues.
54 552024 Environmental Social and Governance Report Striving for Excellence Facilitating the Process of Globalization
As of 2024 Digital Management
Ronbay Technology’s handling rate of customer complaints has reached 100% for three consecutive years Ronbay Technology regards digitalization as the core driving force to support its globalization strategy and
sustainable development. In 2024 Ronbay Technology continued to strengthen its digitalization construction
and established a new data intelligence department to support the company’s digitalization and intelligent
Customer Service Training transformation. The deep application of AI technology is an important highlight of the company’s digital transformation. In 2024 Ronbay Technology developed an AI-based intelligent question-answering and
To build a more professional and efficient customer service team Ronbay Technology regularly organizes data analysis system to support market forecasting and decision-making related to site selection and factory
diversified customer service training. The training covers areas such as business etiquette salesperson construction.mindset training credit and payment management. Through these trainings customer service personnel can Application of Digital System
systematically learn and master professional service skills and communication skills which helps the service
team steadily improve its special abilities and provide customers with a higher quality and more considerate Ronbay Technology has continuously strengthened its digitalization and informatization management
service experience. capabilities enhancing the construction of the quality management system (QMS) manufacturing execution
system (MES) and laboratory information management system (LIMS). Digitalization empowers quality
management helping the company focus on quality control and compliance optimize production processes
Case Marketing knowledge system training and resource allocation improve laboratory efficiency and data management capabilities and jointly promote
the improvement of production efficiency and manufacturing quality. In 2024 the Management Transformation
On January 12 2024 Ronbay Technology held a marketing knowledge system training in Wuhan and Digitalization Center comprehensively controlled the digitalization construction. With the cooperation
which included customer manager role cognition training knowledge training for various product of various business sectors it has completed the establishment and launch of more than 20 systems in the
lines market analysis training etc. A total of 64 members from the Ronbay Technology Marketing fields of finance human resources and compliance.Center participated in the training.Supply chain quality digitalization is achieved through proactive risk management and real-time
This training not only improved the professional knowledge and skills of the employees but monitoring of suppliers’ production processes. This enables the early detection of quality issues
also enhanced team collaboration and problem-solving abilities providing strong support for within the supply chain prevents defective products from being released and ultimately aims to
Ronbay Technology to better meet customer needs and enhance customer satisfaction in market reduce product failures and eliminate batch and safety-related incidents.competition.Items Completed by Ronbay in 2024 Supply Chain Horizontal
Expansion
FIY
01 SPC 06 Implement process control to
Implement Statistical Process Control for Promote the adoption ensure first-pass yield.Process CTQs of digital products
5M1E Change Point across upstream and downstream partners.
02 Pass Rate 07 Management
Enable customized dimensional pass rate Enable process-based control of Control Point
statistics and early warning. Man Machine Material Method Establishment
Environment and Measurement.Monitor over 15000
03 Laboratory Management 08 Issue Management process control points.
Establish a complete end-to-end testing Enable process-based
process and manage measurement management of all issues.elements. CTQ Risk Interception
Customer Satisfaction Nonconforming Product
Traceability Management Management Intercept quality risks and
Ronbay Technology conducts regular customer satisfaction surveys every year from perspectives such 04 09Enable end-to-end traceability from raw CTQ-related issues.as product percent of pass timely delivery rate and response to customer complaints. By quantitatively materials to finished goods delivery.Enable systematic management
of nonconforming products. Real-Time Warning
analyzing customer satisfaction data the company accurately identifies the deficiencies in current services ManagementCapacity Management Inspection Management
and products and quickly organizes relevant departments to carry out targeted rectifications continuously 05 10Enable early warning management for Enable system-based control Pre-alarm counts and
improving customer experience and service quality. capacity and demand alignment. of initial in-process and final tiered real-time alert
inspections. implementation.Index 2022 2023 2024 To support the expansion of global business the company actively builds a secure and agile cloud
infrastructure. By collaborating with international service providers such as Huawei Cloud and Amazon
Customer satisfaction (%) 96.1 96.8 97.5 Web Services (AWS) it has established cross-regional data interconnectivity. Currently the company has
completed the network transformation of its South Korean base enabling data interconnectivity with the
headquarters.
56 572024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Establish a two-tier environmental management system with all
Optimization of production bases passing ISO14001 environmental management
the environmental
management system system certification and investing 31370300 yuan in
environmental protection in 2024
Promote carbon footprint accounting establish carbon neutrality
Carbon management goals with a total greenhouse gas emissions of 3566500
03 and climate action tons of carbon dioxide equivalent in 2024 aiming to achieve carbon neutrality across the entire value chain by 2035Promoting energy-saving technological transformation the annual energy saving exceeded 12.6 million kWh Hubei Green production and
energy management Ronbay’s photovoltaic power generation reached 3.09
million kWh and several bases obtained ISO 50001 energy
Low-carbon Environment management system certificationThe amount of recyc l ing and reusing water reached
Practicing Green 967000 tons and the amount of waste recycled was Waste management 9535.24 tons. The wastewater discharge per unit of
Coexistence production decreased by 25% year-on-year
In 2024 it was awarded the title of “Waste-free Factory” by
Ningbo City achieving the target of a year-on-year decrease in
Pollution prevention particulate matter emissions per unit of production and ensuring
and control
that noise emissions from 100% production bases meet the
standard all the time
The company has released the Biodiversity Conservation Policy
Biodiversity
conservation and Procedures and its production and operation have not had
a significant impact on biodiversity
Cheapter contents 3.1. Environmental Management System 60
3.2. Green Development Addressing Climate Change 61
3.3. Green Production Safeguarding our Beautiful Homeland 65
3.4. Biodiversity Conservation 69
Ningbo Ronbay New Energy Technology Co. Ltd.
58 592024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Environmental Management System Green Development Addressing Climate
Change
Ronbay Technology adheres to the Law of the PRC on Environmental Protection and relevant laws and
regulations. During the project construction phase qualified units are engaged to conduct environmental Climate Change and Carbon Management
impact assessments in accordance with the law and obtain approval for the environmental impact
assessment. During the construction process the “three simultaneous” principles of environmental protection In the face of the increasingly prominent impacts and challenges posed by climate risks to businesses
are strictly adhered to. For completed projects we have independently organized completion of environmental Ronbay Technology follows the framework recommendations of the Task Force on Climate-Related Financial
protection acceptance or are currently organizing acceptance for the supporting environmental protection Disclosure (TCFD) integrating four dimensions: governance strategies risk management and indicators
facilities in accordance with relevant procedures and standards and prepare acceptance reports. and goals. By assessing climate risks and opportunities as well as the financial performance impacts of risks
Ronbay Technology in accordance with international standards such as ISO14001 has formulated policy the company continuously enhances its ability to respond to climate risks and identifies key action strategies
documents such as the Environmental Management Manual Environmental Information Disclosure System for climate action.and Environmental Factor Identification Evaluation and Update Control Procedure. A two-tier environmental Governance
management system has been established from the corporation level to the base level with the corporation
coordinating the environmental management work carried out by subsidiary bases. During the reporting Ronbay Technology regards the work to address climate change as an important part of promoting the
period all production bases officially put into operation by Ronbay Technology have passed the ISO14001 company’s ecological development continuously optimizing the company’s organizational structure to
environmental management system certification. address climate change and systematically carrying out climate change governance work. The Environmental
Safety and Sustainable Development Committee is responsible for leading and supervising the formulation
Meanwhile all production bases are actively improving their environmental emergency response plans and of climate and ESG strategies and goals. The Committee has an ESG Working Group that is responsible for
regularly conducting environmental emergency management training and drills to maximize the prevention planning and implementing ESG strategies including climate risk assessment and carbon neutrality actions.and minimize the potential adverse impacts of environmental accidents. In addition to continuously improving
the environmental management system we have also established a comprehensive environmental Strategies
management process that covers environmental objectives management plans green production waste
disposal and environmental monitoring.In carbon management work we comply with relevant current national
and local laws and regulations as well as the EU Battery Law and
Case Emergency drills for ammonia waste liquid leakage in hazardous waste warehouse Abiding by laws its supporting regulations international standards related to carbon and adhering to emissions and other relevant requirements.standards
To enhance employee safety awareness Linshan
subsidiary conducted emergency drills for ammonia We will integrate energy conservation and control of greenhouse gas
waste l iquid leakage in the hazardous waste Energy emissions throughout the entire product lifecycle striving to achieve
warehouse. Through full-process practical simulation conservation and optimal resource utilization and minimize consumption.the operability of the emergency plan was effectively consumption
tested and the team’s collaborative disposal ability reduction
was improved.By utilizing environmentally friendly materials green technologies and
clean energy we aim to reduce carbon emissions and ecological impacts
Green and during product manufacturing and operational processes thereby
low-carbon promoting sustainable development.development
In 2024
Ronbay Technology invested 31370300 yuan in environmental protection Through regular monitoring and review improvement measures are taken
to achieve continuous improvement in carbon emission performance
Continuous and carbon management systems positioning the company’s carbon
improvement management at the forefront of the industry.
60 612024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Risk Management
To ensure that the carbon management system achieves the expected results and enhances its beneficial Category of risk Possible impacts on the company Countermeasures
impacts the top management identifies determines and evaluates the carbon management risks and The increasing awareness of downstream Strengthen market research timely
opportunities existing in the company based on the analysis of the company’s internal and external consumer groups towards green understand consumer preferences and
Market products introduces uncertainty into the demands and actively develop green and environment the needs and expectations of relevant parties and the defined scope of the management company’s business. If the company low-carbon products based on trends.system. The Quality Environmental Safety and Sustainable Development Center is responsible for planning risks fails to effectively meet their demand for
measures to address these risks and opportunities as well as planning how to integrate these measures green and low-carbon products it may
face the risk of losing market share.into the carbon management system and implement them and how to evaluate the effectiveness of the Transformation
implemented measures. To ensure the implementation of measures to address risks and opportunities in risks Stakeholders are paying increasing Strengthen communication with
carbon management the Quality Environmental Safety and Sustainable Development Center is responsible attention to corporate green practices stakeholders respond to the requests of
for establishing and maintaining the . All departments and and the company are held to higher all parties in a timely manner and maintain Risk and Opportunity Response Control Procedure Reputation expectations in terms of green information transparency.subsidiaries will implement evaluate and respond in accordance with the Risk and Opportunity Response risks compliance operations and information
Control Procedure. disclosure. Failure to meet these
expectations may have a negative impact
Category of risk Possible impacts on the company Countermeasures on the company’s image.During the site selection and construction
stages of the project climate factors
The frequency of extreme weather should be taken into account and low-
events such as rainstorms floods and carbon building materials and low-carbon Carbon Emission Management
typhoons has increased damaging green construction techniques should be
infrastructure such as production bases employed.Acute risks and office buildings as well as production As a pioneer in the global new energy
equipment leading to asset damage Establish a climate risk emergency response plan track meteorological conditions and materials industry Ronbay Technology ● with all production bases (including overseas) passing and potentially causing operational ISO 14064 system certification achieving full coverage of
disruptions and loss of profits. early warnings for emergency response cont inues to advance i ts c l imate-issue early warning notifications in advance related strategic planning and target carbon accounting for production bases for the first time
Physical risks and implement relevant preventive
measures. setting. Based on accurate accounting
Establish a digital visualized and intelligent of greenhouse gas emissions at the ● documents such as the Carbon Management Manual and
energy management monitoring and organizational level and in alignment Organizational Carbon Footprint Accounting Operation
Rising temperatures or droughts may management system and conduct real- with our operational realities we have
Chronic increase the company’s expenses on time monitoring of energy digital energy
Standards were successively formulated and released
established carbon management goals
risks refrigeration equipment electricity and conservation and digital carbon asset
water resource usage thereby increasing management platforms. for the company. While promoting the
operating costs. Group’s ecological development we ● establishing a “corporation-base” two-level carbon Strengthen the construction of distributed management platform and continuously improving the
photovoltaic systems on rooftops and are also actively contributing to global
increase the proportion of clean energy use. climate action and supporting China’s construction of the internal carbon management system
Actively monitor and follow up on changes in dual carbon goals.relevant international and local government
Government regulatory requirements are laws regulations and policies and promptly
constantly evolving and failure to comply adjust operational strategies to ensure
Policy risks with exchange information disclosure compliance.requirements may lead to compliance Ronbay Technology carbon management goals Key Performance
risks. Disclose the company’s climate-related information in a timely manner including key
initiatives performance risk assessment
results and other crucial information. In 2024 the
Transition risks Technologies such as green production Regularly assess and evaluate suppliers’ ● By 2025 the proportion of renewable energy will reach 60%
green packaging green warehousing carbon management and material carbon organizational carbon
and transportation may affect the footprint data and continuously promote emission intensity
company’s competitiveness and communication and collaboration with ● By 2030 the proportion of renewable energy will reach 100% decreased by
Technical production costs. As stakeholders pay supply chain partnersmore attention to the carbon footprint of achieving carbon neutrality at the operational levelrisks products the company need to identify Integrate the concept of green development 8.2%
advanced low-carbon technologies to into all aspects of product research and ● Continuously promote carbon reduction in the supply chain and
reduce carbon emissions throughout the development and production and reduce
compared to 2023
product’s lifecycle which may lead to unnecessary emissions and waste during strive to achieve carbon neutrality across the entire value chain by
increased costs in the short term. operations. 2035
62 632024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Index 2022 2023 20241 Green Production Safeguarding our
Scope 1 (tons of CO2 equivalent) 3628.02 7194.06 9501.25 Beautiful Homeland
Scope 2 (tons of CO2 equivalent) 319310.58 516925.13 516152.00 Energy Management
Scope 3 (tons of CO2 equivalent) 1828698.03 2455915.94 3040819.87 Ronbay Technology adheres to the Energy Conservation Law of the People’s Republic of China the
Measures for the Administration of Industrial Energy Conservation the Measures for the Administration
Total greenhouse gas emissions 215163662 2980035.13 3566473.11 of Energy Conservation of Major Energy-Consuming Entities and other relevant laws regulations and (tons of CO2 equivalent) management measures. Each production base has established energy management systems such as the
Energy Consumption Quota Regulations to further improve the energy management system. At the same
Greenhouse gas emission intensity 23.74 22.53 20.69 time the company integrates energy management into its sustainable development strategy and incorporates (tons of CO2 equivalent / ton of products) energy consumption reduction goals into its performance evaluation and rating system. By the end of the
reporting period Guizhou Ronbay Hubei Ronbay and Wuhan Ronbay had obtained ISO 50001:2018 energy
management system certification. Additionally the company is actively promoting energy management
system certification for other production bases.Product Carbon Footprint and LCA
2024 Ronbay Technology Energy-saving technical renovation project (Part)
Based on operational carbon reduction the company extends low-carbon management deeply into the entire
product lifecycle systematically constructing a product carbon footprint management system. In 2024 the Energy-saving technical transformation measures Annual energy savings
company added institutional documents such as the Product Carbon Footprint Management Procedure and During the ramp-up period of workshop production capacity flexible
Product Carbon Footprint Operation Specification forming a governance model covering strategic planning switching between leased and self-purchased air compressors is utilized 1.6 million kWh
standard construction and execution supervision. Following the first carbon footprint accounting work for for precise peak shaving and supply guarantee
its major products in 2023 the company completed carbon footprint calculations for 21 products across 5
production bases in 2024 (10 of which were verified by a third party). Meanwhile in terms of LCA application Three small-power air compressors in the air compression station are 10.6 million kWh
the company conducted full lifecycle assessments for 4 products at 2 bases for the first time and invited a connected to the air separation system replacing the large air compressor
third party to conduct LCA modeling and data verification. By accurately quantifying the climate impact of Increase clean energy by
product manufacturing and upstream links the company provides data support for supply chain emission Install permanent magnet motor 100000 kWh
reduction. While continuously promoting team carbon management capacity building it actively collaborates
with upstream suppliers to jointly promote product carbon reduction create a green product matrix and Collecting waste heat from circulating water for heating purposes can The effective heat recovery is
continuously strengthen the core competitiveness of the low-carbon value chain. reduce energy consumption save costs and effectively recover 516.41 GJ 516.41 GJ.of thermal energy.Case Breakthrough in carbon footprint of NCMS series products On the basis of energy conservation and consumption reduction Ronbay Technology continues to promote
the transition to clean energy and incorporates the proportion of clean energy into the company’s response
In 2024 Ronbay Technology made breakthrough to climate change actively promoting low-carbon production. The company increases the proportion of clean
progress in reducing the carbon footprint of its energy in the energy mix through the construction of distributed photovoltaic roofs the purchase of green
products. The carbon footprint of the GABI- power certificates and other forms. In 2024 Hubei Ronbay increased clean energy consumption by 3.09
certified NCM8 cathode product was 24.41 12.3% lower than the million kWh through photovoltaic construction in the factory area.kgCO2eq which is lower than the domestic domestic industry average
industry average of 27.79 kgCO2eq becoming
a benchmark case for the industry’s transition to Award
low-carbon products.In 2024
Hubei Ronbay and Guizhou Ronbay were certified by the Ministry of Industry and Information
1 Technology of the People’s Republic of China and selected as a National Green Factory. 2022: only the verification data of Ezhou and Zunyi bases was counted; all bases were covered in 2023 and 2024.
Guizhou Ronbay has been awarded the “Provincial Green Supply Chain Title”
64 652024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Resource Management Management of Packaging Materials During the reporting period
Ronbay Technology continues to promote resource management focusing on the recycling and utilization Ronbay Technology actively explores lightweight management the number of recycled
of water resources and packaging materials. Through technological innovation and process optimization it and recycling of packaging materials giving priority to packaging pallets exceeded
continuously reduces water consumption in the production process and promotes the use of environmentally designs that are easy to disassemble and recyclable and selects 2
friendly and recyclable materials in packaging management to reduce unnecessary packaging waste. It recyclable and degradable packaging materials to reduce the use 100000
practices sustainable development and ecological concepts through practical actions. of various packaging materials. At the same time the company
actively promotes the recycling and reusing of packaging materials
Water Resource Management at its production bases.Ronbay Technology attaches great importance to water resource In 2024 Emissions and Waste Management
management and strictly complies with relevant laws and regulations
such as the Water Law of the People’s Republic of China the Law The company adheres to the Law of the PRC on During the reporting period
of the PRC on the Prevention and Control of Water and the Action the company achieved Environmental Protection the Law of the PRC on
Plan for Prevention and Control of Water Pollution. It has formulated recycling and reusing water of the Prevention and Control of Water the Law of the
management systems such as the Water Use Management 966990 all pollutants discharged by each tons PRC on the Prevention and Control of Air Pollution
Measures the Administrat ive Regulat ions on Wastewater pollutant discharging unit were stable the Law of the PRC on the Prevention and Control of
Treatment and the Administrative Regulations on Wastewater and up to standard and no ecological Environmental Pollution by Solid Waste as well as the
Discharge to monitor and manage the main water-using links in environment administrative penalties laws and regulations of the regions where it operates. It
the production process. At the same time Ronbay Technology actively builds and continuously optimizes were imposedcontinuously strengthens its investment in environmental
the water resource management structure of each production base incorporates the effectiveness of water protection regularly maintains and repairs environmental
resource management into the departmental performance evaluation system and strengthens responsibility protection facilities to reduce emissions pollution caused
implementation through data-driven methods to promote efficient resource utilization. The company has by malfunctions actively carries out environmental
always prioritized water conservation in its production and operation processes actively implementing various pollution control and emission management and
water-saving measures at its production bases to enhance the efficiency of water utilization and recycling. standardizes environmental protection work for
wastewater waste gas and waste.Objective Action in 2024
Waste Management
● Reduce water withdrawal intensity by ● Water withdrawal intensity decreased by
30% year-on-year 37.9% year-on-year The company strictly adheres to laws and regulations such as the Law of the PRC on the Prevention and
Control of Environmental Pollution by Solid Waste and the Measures for the Transfer of Hazardous Wastes.It has introduced the Waste Management Procedure to implement classified management of waste and
conduct compliant disposal based on the types of solid waste and hazardous waste actually generated.Index Unit 2022 2023 2024 Additionally the company advocates the adoption of advanced processes and production equipment to
Total amount of 155.87 145.99 117.60 reduce waste generation and lower production pollution.water withdrawal ten thousand tons
Objective Action in 2024
Water withdrawal
intensity tons/ton of product 13.61 10.98 6.82 ● Reduce the emission of hazardous ● The company’s hazardous waste emissions
waste by 10% year-on-year decreased by 14.1% year-on-year
Case Water resource recycling system at the Centerbel base
Index Unit 2022 2023 2024
To enhance water resource utilization the Centerbel base has developed an integrated
ultrafiltration and reverse osmosis system. This system transports pre-treated concentrated water Waste recovery
to the system enabling physical separation of molecular and organic substances in the water. amount tons 8419.53 8016.86 9535.24
Ultimately it produces recycled water that meets industrial recycling standards providing green
technological support for the production base to achieve intensive utilization of water resources.
2 The data covers Wuhan Xiantao and Linshan bases
66 672024 Environmental Social and Governance Report Low-carbon Environment Practicing Green Coexistence
Wastewater Management
The company strictly adheres to the Law of the PRC on the Prevention and Control of Water and other In 2024relevant laws and regulations following the principles of “rain and sewage diversion clean water and● The company achieved the air pollutant emission target of a year-on-year decrease in particulatesewage diversion source separation and classification & treatment”. At the subsidiary level management matter emissions per unit of production
procedures such as the Management Procedure of Water Pollution Control and the Management Procedure
of Environmental Protection Facilities have been established clearly regulating the generation and control
of wastewater in the production processes of each factory area. The company’s wastewater mainly consists
of domestic sewage and production wastewater both of which undergo preliminary treatment to meet the
acceptance standards before being connected to the pipe network for unified treatment and discharge after
meeting the standards. Additionally the company recycles and reuses wastewater through the construction of Award
wastewater treatment stations and ammonia distillation towers further reducing the discharge of pollutants.In 2024 Ningbo Ronbay Hubei Ronbay Guizhou Ronbay and Xiantao Ronbay installed online monitoring In 2024
devices for production wastewater in accordance with relevant management regulations. The monitoring the company was awarded the title of “Waste-free Factory”
results were connected in real-time with the local government’s pollutant monitoring information platform. by the Ningbo Municipal Bureau of Ecology and Environment
At the same time each subsidiary regularly entrusted qualified third-party monitoring institutions to conduct
self-monitoring on a regular basis to ensure that the wastewater discharge meets the Emission Standards of
Pollutants for Inorganic Chemical Industry.Noise Management
In 2024
Ronbay Technology is committed to minimizing the impact of noise on its staff. In accordance with the Law
● Ronbay Technology set and achieved a wastewater discharge target of reducing wastewater discharge of the People’s Republic of China on Noise Pollution Prevention and Control each production base has
20% established a Noise Management System and actively carried out noise reduction work to ensure that the per unit of production by . noise generated during production and operation activities remains within legal standards. The company
gives priority to the use of low-noise equipment conducts regular noise monitoring and assessment and
ensures effective control of noise pollution.Case Rainwater system renovation of Linshan base
By 2024
There were gaps in the original rainwater ditch cover plate at the Linshan base which posed a ● Ronbay Technology aims to achieve a 100% compliance rate for noise emissions at all
potential leakage and pollution hazard at the unloading port for nickel cobalt and manganese production bases.liquid raw materials. In 2024 the Linshan base implemented a special renovation project. By
covering the rainwater cover plate with cement and replacing it with a solid rainwater cover plate
the environmental risk of rainwater pollution caused by material leakage during the unloading
process was effectively reduced. Biodiversity Conservation
Management of Air Pollutant The company has been continuously paying attention to the biological conservation cause following relevant
laws and regulations such as the Soil Pollution Prevention and Control Law of the People’s Republic of
Ronbay Technology adheres to the Law of the PRC on the Prevention and Control of Air Pollution and China Regulations on Nature Reserves and Biosecurity Law and regularly carrying out environmental
other relevant laws and regulations. It has established systems such as the Administrative Regulations on impact assessments. The company has released the Biodiversity Conservation Policy and Procedures and
Air Pollution Control and the Waste Gas Treatment Management System at its various production bases simultaneously established supporting tools such as the Biodiversity Assessment Form building an ecological
to strictly manage waste gases. For substances such as dust sulfuric acid mist ammonia and hydrogen protection system covering the entire process. During the planning and site selection stage the impact of
chloride generated during the production process the company utilizes waste gas treatment facilities base construction on local biodiversity is scientifically assessed and during the construction and operation
including high-temperature low-carbon burners bag filters spray towers and activated carbon adsorption stage the level of biodiversity within the factory area is continuously improved committed to reducing the
devices to ensure emissions meet standards. Additionally each subsidiary regularly commissions qualified negative impact of company activities on the natural environment. During the reporting period all production
third-party monitoring agencies to conduct organized and unorganized waste gas monitoring ensuring that bases and operation points of the company were not located in nature reserves or other biodiversity-rich
waste gas emissions comply with standards such as the Emission Standards of Pollutants for Inorganic areas and the company’s operational activities product production and transportation did not have a
Chemical Industry and the Integrated Emission Standard of Air Pollutants. significant negative impact on biodiversity.
68 692024 Environmental Social and Governance Report Win-win Value Driving Industry Development
Optimize the supplier access assessment mechanism ensuring
that the assessment proportion of active suppliers reaches
100% by 2024
Responsible supply
chain management Integrating ESG into the supplier evaluation system the
04 completion rate of suppliers’ carbon footprint has increased to 66.67% and 301 supplier trainings were conducted throughout the yearPromote responsible mineral procurement ensure that 2/3
Responsible of suppliers have passed the conflict mineral management
procurement system certification and achieve a 100% completion rate of
Win-win Value Driving traceability tasks for core suppliers by 2024
Industry Development Awarded the title of “Top 20 Enterprises with Outstanding Common Contributions to the Industry” by the China Automotive Power development of the Battery Industry Innovation Alliance and featured at the 2024
industry Gaogong Lithium Battery Annual Conference to discuss global
development
Cheapter contents 4.1. Progress and prosperity together building a responsible supply chain 72
4.2. Exchange and Cooperation Empowering Industry Development 77
Ningbo Ronbay New Energy Technology Co. Ltd.
70 712024 Environmental Social and Governance Report Win-win Value Driving Industry Development
Progress and prosperity together building Supplier Access
a responsible supply chain Ronbay Technology attaches great importance to supplier access management strictly implementing the supplier access assessment and review mechanism to ensure that partners have stable supply capabilities
excellent quality management systems and sustainable development capabilities. During the reporting
period the company incorporated ESG into the comprehensive assessment factors for supplier access and
Ronbay Technology deeply implements the new integration supply chain strategy and actively builds a suppliers were categorized into three types based on the access assessment results: rejected approved
responsible supply chain. The company takes cathode material as its core business relying on the triple drive after rectification and approved. The company plans to formulate and implement the Supplier Sustainable
of capital technology and strategic cooperation. It works closely with partners to actively extend upwards Development Agreement in 2025 which will be legally binding on suppliers.promoting the integrated industrial chain layout of “resource/recycling - raw material - precursor - cathodematerial” achieving flat and efficient collaboration in supply chain management creating a mutually beneficial
and win-win global supply chain system and effectively enhancing global market competitiveness. Key Supplier Access Process in 2024
Responsible Supply Chain Management Evaluate the financial status of the enterprise product carbon footprint quality
service delivery time price industry reputation credit status company
As an important partner of the enterprise the stability and quality of the products supplied by the supplier Supplier sourcing qualifications (production license duplicate business license relevant system
directly affect the production and product quality of the enterprise. The company has formulated the Supplier investigation certifications) etc. and invite suppliers to sign the Integrity Commitment Letter
Management Procedure and the Code of Conduct for Suppliers which standardize and refine multiple and Ronbay Code of Conduct for Suppliers.dimensions such as supplier access evaluation performance assessment and empowerment laying an
institutional foundation for the company’s systematic supply chain management.Comprehensively analyze factors such as the proportion of automotive
business volume financial stability complexity of purchased products and
Supply chain management architecture services business continuity planning logistics management production
capacity supplier credit risk supply chain sustainability product testing
Supplier results technical adaptability carbon footprint compliance and adequacy of
information review resources.The top decision-maker in the company’s supply chain management is
Director of Ronbay responsible for approving supplier management systems and policies and
Business Platform authorizing cross-functional teams responsible for supplier management and Assess suppliers’ quality management technical capabilities ESG and
overseeing the regular operations of supplier onboarding and management. other multidimensional capabilities through on-site online audits or self-Potential
supplier audit assessment.Purchase products from suppliers in small batches for production line testing
Ronbay Supplier Develop supplier management systems and policies review and approve
Management Cross- and performance evaluation to verify product quality and applicability.departmental supplier evaluation results formulate and adopt strategic guidelines and Material trial
Functional Group supervise the implementation of procurement objectives
The cross-departmental team conducts a multi-dimensional evaluation
of suppliers to confirm whether they meet the requirements of Ronbay
Qualified Technology and are included in the list of qualified suppliers.supplier review
Supplier Responsible for supplier development on-site inspection system audit
Management supplier introduction review and approval regular supplier assessment and
Execution Expert coaching Implement the Production Part Approval Process (PPAP) for suppliers to Team
ensure product consistency and quality stability during the mass production
phase.Supplier PPAP
72 732024 Environmental Social and Governance Report Win-win Value Driving Industry Development
Supplier Evaluation
Key Performance
Ronbay Technology has established a supplier rating system formulated During the reporting period
the Ronbay Due Diligence Management Policy for a Responsible Global
Supply Chain and regularly conducts performance evaluations for
suppliers. At the same time the company has clarified the classification of
supplier evaluation results (from high to low divided into four levels: A B the company completed
C and D) and defined the management principles for suppliers at each
level. For qualified and excellent suppliers the company will include them 100% of the annual In 2024 the number of active suppliers
in the list of qualified suppliers and provide business support resource 100% coverage of ESG assessment for active supplier3 evaluation with completed carbon footprint reduction
sharing and other incentives. For suppliers that fail to meet standards the ratio active and qualified main material suppliers
company will take communication and coaching measures and organize targets increased from less than 30% to
third-party training to help them rectify non-conformities. If there is no 66.67%
substantial progress in rectification the company will initiate an internal
supplier downgrade review and suspend cooperation with those with
serious violations to ensure that the products and services provided by
cooperative suppliers comply with company regulations.Rating Monthly performance Evaluation and measures
In 2024 the company conducted a total of the company invited third-party
A ≥90 Increase the order quantity 301 supplier trainings for 77 suppliers organizations to conduct energy-saving and
emission-reduction training for more than
B 80-89 Maintain the status quo and strive for continuous improvement 20 key suppliers
C 70-79 Assist suppliers in improving; if a qualified supplier maintains a C rating for three consecutive months adjust the procurement quantity
Assist suppliers in improvement; if a qualified supplier is rated D for
D 60-69 two consecutive months the supplier’s rating will be subject to rating Case Ronbay Technology Supplier Strategy Exchange Meeting
adjustments in accordance with relevant requirements
E ＜ 60 Adjust the level according to the supplier downgrade rules
In January 2025 Ronbay Technology
will hold a supplier strategic exchange
Supplier ESG Management meeting at Yangming Mountain Villa in Yuyao Zhejiang bringing together
core suppliers corporation executives
Ronbay Technology is committed to collaborating with suppliers to build a sustainable supply chain. The and related business teams. The
company incorporates ESG concepts into the supplier selection and evaluation system formulates the Supply event aims to strengthen cooperation
Chain ESG Due Diligence Regulations establishes a responsible procurement due diligence management consensus convey the company’s
organizational structure and is responsible for inspecting and supervising the progress of supply chain due requirements in quality improvement
diligence work. The company requires suppliers to fill out the Ronbay Supplier Sustainability Audit Form cost control ESG management
which audits and evaluates suppliers in multiple dimensions such as human rights environment safety and supply efficiency optimization
ethics greenhouse gas management and biodiversity allowing the company to gain a deeper understanding promote the implementation of the
of the actual ESG performance of suppliers and urge them to improve their ESG performance. Meanwhile integration strategy jointly respond to
during the reporting period Ronbay Technology continues to strengthen the relevant requirements for carbon market changes and achieve win-win
management in the supply chain. development.
3 Suppliers with business volume in the top 80%
74 752024 Environmental Social and Governance Report Win-win Value Driving Industry Development
Responsible Procurement Exchange and Cooperation Empowering
Industry Development
Responsible Minerals
Ronbay Technology has always been committed to promoting the sustainable development of the industry
In the practice of global supply chain management Ronbay Technology fully identifies the potential risk with technological innovation and green low-carbon as the core driving forces continuously enhancing
exposures of strategic minerals such as cobalt nickel manganese and lithium in the exploration and its industry influence. With its outstanding technical strength and sustainable development practices the
development trade circulation and processing links. The company referred to the core requirements of the company was awarded the “Top 20 Enterprises with Outstanding Industry Contributions” in the selection
Chinese Due Diligence Guidelines for Responsible Mineral Supply Chains issued by the China Chamber of the China Automotive Power Battery Industry Innovation Alliance demonstrating the industry’s high
of Commerce of Metals Minerals & Chemicals Importers & Exporters and the Due Diligence Guidance for recognition of the company in technological innovation green low-carbon and sustainable development.Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (Third Edition) issued by
the Organization for Economic Cooperation and Development (OECD) and formulated the Due Diligence Award
Management Policy for Cobalt Nickel Manganese and Lithium Supply Chains. It also embedded contract
constraints into supplier contract terms to establish an evaluation framework for the entire process of mineral
procurement.Ronbay Technology actively promotes upstream suppliers to conduct conflict mineral certification and
management system construction. As of 2024 several new suppliers have obtained conflict mineral
management system certification and the proportion of suppliers with relevant management capabilities has
increased to about two-thirds. The company focuses on the conflict mineral traceability and certification work
for ternary cathode and upstream precursor supply chains and promotes supplier certification to ensure
procurement compliance and sustainability.Ronbay solemnly promises not to engage in any commercial activities that may indirectly contribute to the
proliferation of conflict minerals. Furthermore we will continuously enhance the risk prevention and control
awareness of our industrial chain partners through supplier capacity-building projects and jointly build a
sustainable mineral supply chain that adheres to international business ethics.Raw Material Traceability Ronbay Technology was selected as one of the “Top 20 Enterprises with Outstanding IndustryContributions” by the China Automotive Power Battery Industry Innovation Alliance.The company actively responds to the new requirements for global supply chain compliance management.During the reporting period the company received formal compliance traceability requests from six core
suppliers. For the 14 specific traceability tasks mentioned by the suppliers the company achieved a Case Ronbay Technology made its debut at the 2024 Gaogong Lithium Battery Annual
completion rate of 100%. At the same time to enhance the transparency and traceability of the supply chain Conference jointly exploring new opportunities for global development
the company initiated the construction project of a digital supply chain traceability platform at the end of 2024.The aim is to use the company’s own digital capabilities to build a full-process digital traceability system
which is expected to be deployed and put into operation in the fourth quarter of 2025. From November 20 to 22 2024 the 2024
Gaogong Lithium Battery Annual Conferencethemed “Realigning Boundaries ReconstructingGreen Procurement Value Reshaping Ecology” was grandly held
in Shenzhen. The event gathered top industry
experts and corporate leaders to jointly discuss
In 2024 the company actively promoted green procurement and the low-carbon upgrading of main raw the future development of the lithium battery
materials. The procurement proportion of recycled raw materials for nickel manganese and cobalt three industry. On November 20 Mr. Bai Houshan
core metals increased to 20% 29% and 30% respectively providing resource support for reducing the Chairman of Ronbay Technology was invitedcarbon footprint throughout the entire life cycle of battery materials. to deliver a keynote speech at the opening ceremony titled “Current Situation and GlobalizationStrategy” deeply analyzing the current state of the industry and global development opportunities
and showcasing Ronbay Technology’s strategic layout and forward-looking thinking in the global
new energy market.
76 772024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Employee rights and The signing rate of labor contracts is 100% and the coverage
benefits protection rate of social insurance is 100%
The proportion of female employees is 23% female
managers account for 16% ethnic minority employees make
05 Diversity and equality up 3.91% disabled employees represent 0.9% and foreign employees constitute 10%
Compensation and Full coverage of “five social insurances and housing fund”
benefits transparent performance management and equity incentive plan
People-oriented Achieving
Happiness Sharing Staff communication Employee satisfaction is 4.17/5 and the problem resolution and involvement rate based on employee feedback is 100%
The total training duration for the entire year was 26990
Talent training and
Ronbay Technology is people-oriented and values talents. It strictly adheres to domestic and international development hours with an average of 20.29 training hours per employee
labor rights regulations ensuring that labor contracts are fully signed and social insurance covers all covering 585 types of training courses
employees establishing a solid compliance baseline. At the same time with the Academy of Ronbay as the
core it builds a digital learning platform creating diversified projects such as cadre training and professional
ability training closely integrating employee personal growth with company development and achieving unity Investment in production safety of 14214800 yuan with
between individual and company development. Occupational health and safety no major safety accidents
In 2024 the company achieved a strategic upgrade of its organizational structure established an additional
organizational department to strengthen cadre reserves implemented a three-pillar human resource
system carried out global human resource layout focused on breakthroughs in overseas human resource
development achieved traceability of employee rights and interests protection and visualization of career
development and continuously provided sustainable talent supply for the company’s globalization strategy.Cheapter contents 5.1. Diversity and Equality Safeguarding Employees’ Rights and Benefits 80
5.2. Empower Development Facilitating Employee Growth 83
5.3. Care for Employees Conveying their Well-being 87
5.4. Occupational Health and Safety 90
Ningbo Ronbay New Energy Technology Co. Ltd.
78 792024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Diversity and Equality Safeguarding Employee Compensation and Welfare
Employees’ Rights and Benefits To adapt to the company’s strategic development requirements and establish a compensation and welfare
system that takes into account global differences and local compliance the company further improved its
Ronbay Technology strictly abides by the Labor Law of the PRC and In 2024 Ronbay incentive and welfare system. During the reporting period new policies such as the Employee Rewards and
relevant labor regulations of the operation location and actively aligns with Technology Punishment System Employee Resignation Management System and Attendance and Leave Management
international norms and requirements such as the Universal Declaration System were added. The company regularly conducts industry salary surveys upgrades the salary
of Human Rights and the International Labor Organization Convention. calculation process dynamically optimizes the salary structure and ensures the competitiveness of salaries
The company has formulated internal documents such as the Employee for core positions.Handbook Recruitment Regulations and Attendance and Leave
Management System strictly regulating employee employment salary and Labor contract signing rate: During the reporting period Ronbay Technology continued to improve the Compensation Management
promotion working hours and holidays and safeguarding the legitimate Regulations and Year-end Bonus Management Regulations ensuring a fair compensation structure while
rights and interests of employees. 100% continuously optimizing the company’s welfare system. In addition to statutory benefits it comprehensively covers health security welfare living security welfare incentive welfare festival and cultural construction
The company adheres to lawful employment practices explicitly prohibiting welfare etc. for employees at home and abroad.the employment of child labor and forced labor and forbidding compulsory
labor. During the recruitment process the company strictly complies Summary table of in-service employee benefits at home and abroad
with relevant laws and internal policies of the country or region where
it operates establishes open and transparent recruitment channels Social insurance coverage
covering public websites and local employment websites to ensure rate:
fairness and transparency in the recruitment process. At the same time
the company legally signs labor contracts with employees and ensures 100%
that the employment conditions in the contracts are clearly expressed in
a language that employees can understand. It adheres to the principle
of equal employment and recruit and conducts employee recruitment Statutory welfare Health security welfare Festivals and cultural
promotion and remuneration management without discrimination. construction welfare
Foster an Equal Workplace
Ronbay Technology actively practices the concept of workplace diversity equality and inclusivity creating
a fair and just development platform for employees of different backgrounds. The company provides equal
opportunities for employees in areas such as recruitment compensation welfare and promotions strictly
prohibiting discrimination based on factors such as nationality race ethnic group gender age marital and Targeted welfare Living security Incentive welfare Restricted equity
family status health status and religion to ensure that employees are not subject to differential treatment. policies for overseas welfare incentive plan
During the reporting period there were no discrimination incidents violating the above requirements. employeesRonbay Technology strictly implements a fair and just salary system adheres to the principles of “equal payfor equal work” and “pay according to work” builds a transparent salary system and provides differentiated
subsidies for overseas employees according to the market level of the country where they are stationed. Staff Communication and Involvement
In addition the company adheres to the principle of avoiding conflicts of interest involving relatives.Interviewers who have a familial relationship with the applicants should adhere to this principle and refrain Ronbay Technology guarantees the freedom of association and the legitimate rights and interests of its
from participating in the interview process. employees and continues to build a diverse employee communication platform through dual efforts in
system optimization and communication channel construction ensuring smooth communication channels for
employees. During the reporting period the company established a regular dialogue mechanism listening to
4471 and responding to employee feedback and suggestions through both online and offline channels covering Total number of employees persons all employees ensuring that grassroots voices reach the management level and effectively safeguarding
Ratio of female Ratio of female Proportion of ethnic Proportion of Percentage of employees’ rights to know participate and supervise. Through the construction of digital feedback
employees managers minority employees disabled employees foreign employees channels the company conducts classified management of employee feedback based on output photos and
conversation records achieving a response within 24 hours and a 100% problem resolution rate. In addition
23% 16% 3.91% 0.9% 10% during the reporting period the company properly handled 71 cases of employee negotiation for termination
and 6 cases of labor arbitration achieving a 100% mediation rate.
80 812024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Diversified employee communication channels Empower Development Facilitating
Employee Growth
Ronbay Technology focuses on the goal of globalization strategy building a multi-dimensional employee
Online communication platform Offline communication channels training and development system that covers the entire career cycle. In 2024 the company established a new
organizational department to enhance the construction of organizational and cadre functions ensuring that
employee capability improvement is closely aligned with business needs by improving the training system
Groups of employees and cadres optimizing operational processes and strengthening resource accumulation. The company continues to build
Intelligent customer service platforms for Trade unions and workers congress a digital learning platform expand global training resources and enhance cross-regional talent collaboration
employees Employee seminars providing core talent support for sustainable development.“Instant Service” QR code scanning platform Roundtable meetings and senior executive
“Sunshine Mailbox” and “General Manager’s visitsMailbox” Talent attraction
Ronbay Technology focuses on the talent needs of the new energy industry creating an internationally
competitive talent hub through institutional innovation resource integration and digital empowerment. The
To gain a more comprehensive and in-depth understanding of employee satisfaction the company conducted company has developed the Corporation Recruitment Standards Manual to unify the global recruitment
an employee satisfaction survey in December 2024. A total of 4485 questionnaires were distributed and 3390 process and standards ensuring fairness and professionalism in talent selection.valid questionnaires were received with an overall participation rate of 75.59%. The overall satisfaction rating
for the company was 4.17 out of 5. Ronbay Technology adopts diversified channels for precise talent attraction relying on platforms such as
LinkedIn school-enterprise cooperation and overseas special plans to establish an international recruitment
network covering China South Korea Poland the United States and other regions. It conducts localized
Case Employee seminar of Linshan branch brand promotion to enhance the attractiveness to regional talents. In terms of campus talent reserves the
company promotes the “Doctoral Student Special Program” and “Overseas Talent Plan” conveying the
employer’s value proposition through official accounts industry forums and school-enterprise joint training
projects. In 2024 the company completed the onboarding of 140 students from universities and launched the
The Linshan branch organized an employee seminar 2025 global campus recruitment to strengthen the construction of young technological talent teams.to listen to the voices of grassroots employees
build a bridge for communication between senior
executives and employees encourage the active Employee Promotion and Performance Evaluation
submission of constructive suggestions and opinions
and provide timely feedback on relevant demands.Ronbay Technology has established a clear qualification system aiming to provide clear guidance and
support for the diverse growth paths of its employees. The company has built a professional and managerial
dual career development channel for all employees and based on actual business conditions has
established different qualifications in technical business quality and management professions. Employees
can consider their personal interests and strengths and choose different development directions in line with
Case Monthly condolences from Hubei Ronbay the company’s needs. At the same time the company actively promotes internal job transfer and competitive
recruitment systems breaking barriers to career development and stimulating talent vitality.Hubei Ronbay provides condolences to employees during important moments in their lives Based on performance ability and potential the company has established a comprehensive promotion
covering items such as wedding gifts maternity gifts and hospital condolences offering multi- evaluation mechanism continuously strengthening the scientific performance management system.dimensional care for employees. In 2024 the company condolences were given to 39 individuals Combining strategic goals with job responsibilities it conducts graded and classified assessments forwith a cumulative amount exceeding 17000 yuan enhancing the employees’ sense of belonging departments and employees to ensure that goals align with abilities. Relying on “performance visualizationand loyalty. tools” and a graded evaluation system relevant departments clarify performance indicators and improvement
directions communicate with employees in a timely manner develop personalized improvement plans
promote continuous employee growth and provide full lifecycle career development support for employees.In addition the company has established an annual evaluation mechanism to honor outstanding teams and
individuals with both honorary and material rewards fostering a culture of strivers.
82 832024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Employee Training System Case Empowering Sustainable Development – “Spring Geese” and “Eagle” Thematic
Actions
Ronbay Technology guided by globalization has established a sound During the reporting periodeducation and training system with complete levels and wide coverage To deepen the implementation of the ESG strategy Ronbay Technology initiated the “Springto meet the demand of employees for skill improvement. Goose Initiative” and “Eagle Action” at the corporation level covering all employees to build a
comprehensive management reform system involving all employees and promote the coordinated
Each department of the company conducts a series of training courses upgrade of strategy organization and culture.based on the needs of employees across different systems and levels. the company’s learning
platform had a total of
These courses cover four major functional modules: new employees The company conducts the “Spring Swan Initiative” in the first quarter of each year focusing on
training cadre fostering professional talents fostering and management annual strategic adjustments and organizational personnel optimization laying the foundation for
research. The courses include management regulations training 1500 learning materials the implementation of the company’s strategy in the new year.corporate culture publicity training safety and environmental protection Since 2024 Ronbay Technology has been regularly carrying out the “Eagle Action”. Through the
training as well as professional skills training for various posts and collaborative innovation system of Eagle Action the company has comprehensively coordinated
positions. The company promptly completes internal sharing and its management achieved efficient collaboration in daily work and established a systematic and
transformation training to fully improve the abilities of all our employees highly autonomous operational framework. This has led to numerous achievements such as
and enhance the overall efficiency of our teams. The Academy of with internal knowledge
Ronbay serves as a knowledge base connecting internal and external sources accounting for
strategic upgrades organizational changes achieving annual profit targets global layout and
preparations for industrial mergers and acquisitions.resources introducing online learning platforms and launching
diversified training programs. Through data tracking and analysis 56%it helps employees clarify their learning progress adjust learning In terms of new employees training the company implemented a six-month “2024 Campus Recruitment Newstrategies in a timely manner and improve learning efficiency. Employee Training Program” for newly recruited employees from universities. This program encompasses
four modules: intensive learning frontline experience on-the-job practice and research projects covering
cultural integration professional competence and management skills improvement. For newly recruited
To become the most
Development employees through the social recruitment the company unified the SOP for social recruitment training in innovative corporate university in
vision battery material industry leading the new energy 2024. By utilizing automated processes such as setting up OA email triggers and adding approval nodes the
A fostering platform of outstanding A spreading position and research training participation rate of newly recruited personnel increased from 87% to 100%. In 2024 the company Two positions leaders and business experts center of corporate culture added new modules such as the Chairman’s Speech Column and the Ronbay terminology bank updated
Four functional Professional New employees Management eight business and process courses and increased the completion rate of mentorship tasks to 90%.modules Cadres fostering talents fostering training research
Professionalism Strengthening the Case Campus Recruitment Training Program
training planning 90-day training
for key personnel program for new
Case extraction:Grassroots → middle hands “Telling the Storylevel → high-level Fostering a team of Ronbay Well”
of professional Improving the
In 2024 Ronbay Technology launched a campus
three-level leadership accumulation Five training talents with tutoring system and dissemination and recruitment training program developing 17segments development system professional unleashing the role maintenance of of tutors in “helping courses such as Growth in the Workplace Effective expertise and a cases etc.global vision and guiding new
Communication and Structured Thinking andhands” organizing 3 cultural activities. A total of 131 newly
Study and discussion on Ronbay culture throughout the process recruited students from universities participated in
the training with a participation rate of 98% and a
Development
Six key Planning of of internal Establishment Development Perfection Optimization training satisfaction score of 4.89.measures organizational of benchmark of excellent of online of operation architecture lecturers and trainers projects courses platforms system In terms of cadre fostering Ronbay Technology has established a layered training mechanism for leading
cadres specifically enhancing the management capabilities and strategic vision of cadres and creating a
Key Performance high-performance leadership team. In 2024 Ronbay Technology appointed 92 new cadres including 10
middle-level principal positions and above. All newly appointed cadres participated in a six-month training
program completing cross-departmental communication mentor coaching and online learning with a
Total Employee Training Hours Average Employee Training Hours Total types of training courses completion rate of 88%. For newly recruited cadres 5 middle- and high-level cadres completed a 90-day
26990 20.29 585 customized integration plan covering business learning cross-departmental visits and mentor mechanism; hours class hours types 332 directors and below participated in the “Management Skills Training Camp” covering practical skills such
as goal management and performance feedback with a satisfaction survey score of 4.65. In addition the
company held a cadre reading club for The Power of Management and a course on Innovation and Culture
4 Group Online Training System - Statistical Data of Academy of Ronbay publishing 169 reading reflections covering 1914 person-times promoting the systematic upgrade of
management thinking.
8485
Strategic path Strategic orientation2024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Culturally Care for Employees Conveying their Well-
aligned Mission-driven Team-leading Self-developing
President Focus on being
Strategy Lead cultural Strategic Decision- Talent Team Systems Thinking
Empower the implementation Making and Development Self-Awarenessand become a role Business Planning
Right People Team Motivation model for living the Ronbay Technology actively builds a systematic humanistic care system holds a series of activities to Financial and Management
company values. Management Employee Training increase employee cohesion organizes employee seminars to promote equal communication within the
Develop long- Understand and Including Business and DevelopmentSenior executives comply with the Acumen and Cost company and establishes a two-way smooth feedback channel. The company holds diversified cultural term strategic company’s integrity Control and sports activities to ensure a balance between work and life for employees provides a comfortable
70% focus on innovation vision and drive and anti-corruption Organizational
30% on execution business growth policies. and Process harmonious and convenient working environment and creates a good working atmosphere. For employees
proactively Cross-cultural Development facing difficulties the company provides special care leveraging government resources to offer targeted
business and
management subsidy support.competence
Practice and Strategy Delegation and Cross-Functional
Business Unit Heads Business- Promote Corporate Formulation Task Assignment Communication Care for Female EmployeesSavvy and Culture and Strategy Motivation and and Collaboration
50% focus on operations Management- Understand and Deployment Coaching Influence
50% on long-term strategic planning Oriented Comply with Execution and Knowledge Ronbay Technology places a high emphasis on caring for female employees establishing a care mechanism the Company’s Implementation of Retention and
Integrity and Anti- the Plan for female employees throughout their career cycle. It fosters an equal and inclusive organizational Transfer
Corruption Policies Optimizing Team environment encourages male employees to participate in parental leave policies and care activities and
Cross-Cultural Operations
Team Management promotes innovation in gender perception in the workplace. The company designs diversified equal promotion
channels provides full-pay maternity leave for pregnant employees implements a flexible work schedule
Focus on
Understand and Goal Setting and Team Building Role Awareness during lactation and sets up mother-and-baby rooms. Additionally it establishes a personalized work content
Frontline Managers Practical Embody Corporate ExecutionExecution and Task Delegation Problem Analysis Culture adjustment mechanism to ensure the dual protection of female employees’ reproductive rights and career
70% on execution Operational Project and Follow-Up and Resolution
30% on micro-innovation Understand and ManagementExcellence Coaching and On- Structured Thinking
development.Comply with Review and the-Job Training
the Company’s Reflection
Integrity and Anti-
Corruption Policies Case March - Xiantao Ronbay | Women’s Day Event
On the occasion of International Women’s Day
In terms of professional training Ronbay Technology has optimized the Course Development and Instructor Xiantao Ronbay Labor Union held a special
Management System introduced an internal instructor system developed nearly 100 professional courses Women’s Day event on March 8 2024. In addition
throughout the year and passed corporation reviews for 67 professional courses certifying 45 corporation other bases also organized various forms of
instructors and 160 school-recruited instructors. Taking the construction of the school-recruited professional Women’s Day activities. These activities enriched
competency curriculum system as a pilot it gradually builds a collaborative mechanism with the business the spiritual and cultural life of female employees
department. At the same time the company has carried out training such as Big Customer Sales Strategy and stimulated their enthusiasm for job construction
and Pricing System Construction through targeted empowerment marketing pricing and other key positions and innovative creativity.covering 168 people and accumulating 6 sets of learning cards.In addition Ronbay Technology attaches great importance to the cultivation of global talents and cross-
cultural integration. In 2024 the company established a professional terminology bank in six languages
launched courses in English and Korean such as Ronbay Development History and Integrity in Employment
to support the integration of overseas employees; conducted language training for English (96 people) and Case Hubei Ronbay establishes a mother-and-baby room
Korean (509 people) with a passing rate of 92.3% in periodic exams; held specialized training sessions
such as Overseas Investment ODI Record and Information Security Compliance covering 134 people from
finance IT and other departments to strengthen the compliance capabilities of global business. Hubei Ronbay in order to protect the legitimate
r ights and interests of female employees
has established a mother-and-baby room to
provide a private safe and clean environment
for breastfeeding female employees reflecting
the company’s respect for female employees’
reproductive and breastfeeding rights.
86 872024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Recreational and Sports Activities Case A summer of care with every touch of tenderness touching the heart
Ronbay Technology places great emphasis on the physical and mental health as well as the comprehensive
In the heat of high temperatures to ensure the physical
development of its employees. It regularly organizes recreational and sports activities providing opportunities
and mental health of employees and to carry out summer
for employees to relax and rejuvenate. These activities effectively guide employees to cultivate healthy
heatstroke prevention and cooling measures Guizhou
lifestyle habits and enrich their leisure time. The diverse recreational and sports activities have become an
Ronbay Hubei Ronbay and Shanxi Centerbel base
important bridge for employees to enhance mutual understanding and deepen friendships. During these
conducted high-temperature condolences. Through
activities employees from different departments and positions collaborate closely and support each other
the trade union policy led by the company’s general
stimulating vitality and cohesion among them. This fosters a more enthusiastic and motivated approach to
manager the union committee organized logistics
work achieving harmony between work and life.forces to transport and distribute condolence materials
providing employees with refreshing drinks such as soda
Case Trade unions organizing sports activities orange juice and watermelon to relieve the heat.In order to enrich the company’s cultural life and enhance
corporate vitality in 2024 Xiaocaoe Branch held a FunSports Meeting with the theme of “Showcasing Skills on Case Christmas Celebration at the Poland JS Basethe Soaring Fields Ronbay Athletes Compete in Style”;
JAESE Energy organized badminton activities and football In December 2024 employees at Ronbay’s Poland
matches. Both the head office and branch offices actively JS base gathered to celebrate Christmas together.held sports activities to create a good working and living The festive banquet featured a variety of traditional
environment. Polish Christmas dishes delighting everyone with
their authentic flavors. To add to the holiday spirit the
company also prepared Christmas gift boxes filled with
Case April Spring Outing Mountaineering Activity of JAESE Energy in South Korea sweet treats bringing warmth and joy to employees
during this memorable festive season.On April 21 2024 the administrative department of JAESE
Energy held a “Spring Outing Mountaineering Activity”
attracting more than 40 employees to join the hiking team.This event established a communication channel between Case Mid-Autumn Festival welfare activities at the Centerbel base
Chinese and South Korean employees of JAESE Energy
strengthening the integration of corporate culture. On the occasion of the Mid-Autumn Festival the
Centerbel base has specially tailored festive perks for
all employees. The heartwarming gift box is filled with
Case Ronbay Zunyi Autumn Photography Competition traditional flavors and autumn care. Through a diverse
welfare package and fun interactive activities employees
can truly feel the warm embrace of the “family” culture
In November 2024 Ronbay Zunyi held an autumn
amidst the festive rituals.photography competition. Employees actively participated
in the event and submitted multiple entries. After internal
selection outstanding photographic works were displayed
enriching the spiritual and cultural life of employees. Case Summer Refreshment Event at the JAESE ENERGY CHUNGJU CO. LTD Base
On August 23 2024 not even the continuous rain could
dampen the enthusiasm of employees at Ronbay’s
JAESE ENERGY CHUNGJU CO. LTD base. Team
Employee Welfare Activities members lined up in front of a specially prepared shaved
ice cart enjoying a cool and sweet moment of relief
Physical and mental health is the cornerstone of employees’ efficient work and good life. Ronbay Technology during the peak of summer—a refreshing memory to
actively advocates for a balance between life and work and provides employee benefits according to the cherish.changing seasons to ensure the physical and mental health of employees.
88 892024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
Occupational Health and Safety Award
Ronbay Technology has always been concerned about the occupational health and safety of its employees.Adhering to the principle of “three managements and three musts” the company continuously promotes the Hubei Ronbay was awarded the title of “Level 2 enterprise for safety productionconstruction of a long-term mechanism for safe production comprehensively improves the management standardization” in Hubei Province
level of safe production advocates a culture of safe production and effectively guarantees the health and
safety of employees. The company clarifies management standards and related objectives by formulating the In 2024 after evaluation the Hubei Provincial Emergency
Environmental and Occupational Health and Safety Management System Manual achieving systematic and Management Department confirmed Hubei Ronbay as a Level
standardized management of occupational health and safety. 2 enterprise for safety production standardization. Safety
production standardization is a necessary way to implement the
As of the end of the reporting period all of the company’s commissioned and steadily operating bases had main responsibility of enterprises for safety production a long-
obtained ISO 45001:2018 certification for occupational health and safety management systems with the term mechanism to strengthen the basic work of enterprise
exception of the Linshan base which is currently undergoing the second phase of certification. safety production and an important means to effectively prevent accidents. This certification is a
recognition of the company’s standardized and systematic management of safety production and
Objective Action in 2024 will also guide the company to continuously improve its safety production management capabilities
in the future laying a solid foundation for sustainable development.● Based on annual business operations and incident occurrences ● All related targets
the company has established three “zero” targets for have been
occupational health and safety each year successfully achieved Security Risk Identification and Hierarchical Control
Ronbay Technology has established a dual prevention mechanism consisting of safety risk classification
Production Safety Management control and hidden danger investigation and rectification aiming to control risks before they turn into hidden dangers and eliminate hidden dangers before accidents occur.Production Safety Management System In terms of risk management the company regularly organizes risk identification and assessment activities
to pinpoint internal hazards and devise an internal risk control checklist. Simultaneously the company has
Ronbay Technology strictly adheres to the Work Safety Law of the People’s Republic of China and has established a comprehensive construction risk management system to exercise risk control throughout
established systems such as the Potential Risk Investigation and Management Regulations and the the entire construction cycle of complex projects encompassing all stages from project feasibility studies
Environmental Safety Reward and Punishment Regulations providing institutional guarantees for the to construction execution. Furthermore the company continuously conducts compliance monitoring andmanagement of production safety. The company regards “the person in charge of each unit is the first project construction safety evaluations to ensure strict adherence to relevant laws and regulations at everyperson in charge of safety” as a core requirement which is integrated throughout the entire process of safety stage of the project with a particular emphasis on standards and norms in key areas such as environmental
management. protection occupational health and fire safety.As the core organization for safety supervision and management the production safety committee of the The company has taken proactive actions to manage and control the identified risks. For the identified hazard
company has a leading group composed of senior management personnel which is fully responsible for sources the company has carried out hierarchical management and control through measures such as
supervising the implementation of production safety. At the same time Ronbay Technology’s various business engineering technology and management and personnel at different levels were assigned to manage and
departments as well as branches and subsidiaries have also established their own production safety monitor the risk sources at corresponding levels.committees. These committees work under the unified supervision and guidance of the company’s production
safety committee to ensure the effective implementation of the safety management system. Significant risk High risk General risk
In addition the company closely links
the safety production indicators with the In 2024
salary performance of each department Formulate a specialized
Set up department heads for
supervision and formulate Daily inspection management
and senior management and sets control plan operating procedures
occupational health and safety-related
goals. At the same time the company the company’s investment in safety production amounted to Chemical Management
clarifies the management requirements
and execution standards for key tasks 14214800 yuan Ronbay Technology has always regarded chemical safety management as an important cornerstone of the
such as safety management hidden company’s sustainable development. By establishing a comprehensive institutional system strengthening
danger inves t iga t ion emergency technical support and implementing full-staff responsibility it achieves high-standard and refined control over
management and accident penalties hazardous chemicals. A strict registration system for the use of chemicals has been established specifying
promoting the smooth operation of the the using department and responsible person. The safety of hazardous chemical storage has been greatly
safety management system. improved and no chemical reaction accidents caused by mixing have occurred.
90 912024 Environmental Social and Governance Report People-oriented Achieving Happiness Sharing
The company and its bases have formulated and continuously improved system documents such as a series of emergency response actions by various departments after a major fire occurred in the liquid
the Chemical (MSDS) Management System Precursor and Explosive Chemicals Management System oxygen tank area of the air separation zone. It closely focused on fire emergency response procedures
and Hazardous Chemicals Management System clarifying the management requirements for the entire the use of fire-fighting equipment self-defense and self-rescue in case of sudden fires personnel
process from chemical introduction procurement transportation storage usage to waste disposal. The evacuation and escape rescue and other matters conducting multi-angle and comprehensive practical
list of hazardous chemical characteristics is updated in a timely manner and classified management is drills to ensure that all employees achieve “learning and applying what they have learned”.implemented based on chemical properties and risk levels to ensure compliance and safety in all aspects.At the same time each base has established emergency response plans for theft prevention robbery
prevention vandalism prevention and technical prevention system failures of hazardous chemicals. Safety Culture Construction Case Safe Production Month Theme
Ronbay Technology and its bases implement a high-standard chemical storage system where precursor and Ronbay Technology is committed to fostering a Activity of Ronbay Technology
explosive chemicals are stored in dedicated warehouses or explosion-proof cabinets. Strictly implementing culture of safe production among all employees
the “double-person double-lock” management all bases are equipped with leak prevention facilities further enhancing their awareness of safety
monitoring communication and ventilation devices to ensure a safe storage environment. The bases precautions ensuring that the concept of safety is
implement a dual inspection system for day and night shifts with security personnel at the Linshan base deeply ingrained in everyone’s mind and building
conducting patrols and systematic check-ins on the tank area and storage facilities every 2 hours to ensure a solid ideological defense for the safe production
real-time monitoring without any omissions. of the enterprise.Zunyi base Xiantao base
The company also attaches great importance to the promotion of knowledge related to chemicals. Bases in In 2024 the company carried out safety education
Ezhou Xiaocaoe Zunyi and Linshan regularly conduct special emergency drills and carry out training work. and training strengthened the promotion of safety
The Xiantao base and Zunyi base have undertaken the initiative to display relevant regulations on walls and production culture promoted various safety
produced hazard notification cards for various areas where chemicals exist promoting the awareness of activities and implemented performance reward
chemical management deep into the daily work of employees. and punishment mechanisms taking multiple
measures to continuously enhance the safety
Case Hazardous chemicals management at Xiantao base awareness and safety execution ability of all Centerbel base
employees.The Xiantao base has established management systems for
hazardous chemicals including the Chemical Management Employee Occupational Health
System and the Precursor and Explosive Chemicals Management
System among other institutional documents. Special emergency Ronbay Technology strictly adheres to the legal requirements related to occupational health formulating
response plans are formulated based on specific situations. In regulations such as the Administrative Regulations on Occupational Health and Occupational Disease
daily management precursor chemicals and explosive chemicals Prevention and Treatment the Administrative Regulations on Labor Supplies the Administrative Regulations
are stored in dedicated explosion-proof cabinets and a “dual-person dual-lock” management on Occupational Disease Protection Supplies the Administrative Regulations on Emergency Rescue and
system is implemented. Class B warehouses are equipped with leakage collection tanks. The using Management of Occupational Hazards and the System for Handling and Reporting Occupational Hazard
department establishes usage records reports and registers on the online management platform Accidents continuously strengthening the management of employee occupational health. For overseas
and establishes a day and night shift inspection mechanism. Through institutional optimization bases the company complies with the Korean Occupational Safety and Health Law (KOSHA) and other
and drills emergency response capabilities are enhanced to ensure that the risks associated with relevant laws and regulations in the operating locations preparing risk prevention measures such as
hazardous chemicals are controllable. employee health management and work-related accident prevention and improving the overall level of safety
Safety Emergency Management management.Ronbay Technology always adheres to the safety emergency concept of “staying prepared and alerted every The company establishes an environmental safety leadership team to carry out the planning andday”. The company has formulated regulations such as the Fire-fighting Equipment Management System management of occupational health and safety work. The company conducts regular testing of occupational
First Aid Kit Management System and Confined Space Operation Safety Management System to standardize hazard factors in the work environment each year. For identified occupational hazard factors such as noise
safety emergency management. The company regularly organizes safety emergency drills and each inorganic dust high temperature and inorganic compounds the company posts occupational health risk
production base carries out drills such as liquid oxygen leakage drills at air separation stations workshop warning notices. At the same time the company provides employees with personal protective equipment
electric shock emergency drills and fire emergency drills to enhance employees’ emergency handling and that meets job requirements sets up occupational health protection equipment and facilities such as dust
self-protection capabilities. collectors and silencers and regularly conducts spot checks and maintenance on protective facilities by
dedicated personnel. The company provides pre-employment physical examinations on-the-job physical
Case Comprehensive Emergency Drill - Xiantao Ronbay examinations and departure physical examinations for all employees and establishes employee occupational
health monitoring records.On June 27 2024 Xiantao Ronbay’s 2024
comprehensive emergency drills were held The company has optimized the use of personal protective equipment (PPE) and implemented strict control
as scheduled with the joint assistance of the over special labor protection supplies with “three certificates and one label” (production license product
Municipal Emergency Management Bureau and qualification certificate safety appraisal certificate and safety label). In addition the company promotes
the Municipal Fire Brigade. The drills simulated occupational health and safety knowledge through occupational health awareness week and WeChat official
92 account enhancing employees’ attention to occupational health. 932024 Environmental Social and Governance Report Taking responsibility Promoting Harmony and Communion
06
Taking responsibility
Promoting Harmony and
Communion
Ronbay Technology actively integrates social resources focusing on key modules such as
community-enterprise collaboration village-enterprise interaction and public welfare while
promoting social development and leading the force of business towards goodness.Cheapter contents 6.1. Community Support 96
6.2. Rural Revitalization 98
6.3. Public Welfare and Charity 99
Ningbo Ronbay New Energy Technology Co. Ltd.
94 952024 Environmental Social and Governance Report Taking responsibility Promoting Harmony and Communion
Community Support Case Hubei Ronbay - Persistently building good community relations
To improve relations with surrounding residents
Ronbay Technology attaches great importance to establishing a smooth communication mechanism Hubei Ronbay has partnered with the environmental
with the communities where it operates and pays close attention to the practical needs of stakeholders protection bureau and the community to carry out
such as villages the public and communities. The company adheres to the goal of jointly creating good a summer refreshing activity for residents of Jingdu
community relations based on a community participation framework and regards promoting the socio- Community. This initiative aims to enable residents
economic development of the region as its core work. It continues to promote the improvement of people’s to better understand Ronbay’s corporate culture
livelihood and various public welfare investments establishing a solid foundation of trust with the operating and further fulfill the company’s social responsibility.communities.Based on the actual needs of the local community the company continuously promotes poverty alleviation
community services and other activities through its own influence. It collaborates with local party-building
units and other non-profit organizations to address social issues. Simultaneously the company establishes
a transparent and open communication and grievance mechanism committed to establishing meaningful
constructive and positive dialogues with the local community. Together they negotiate solutions and foster a Case Guizhou Ronbay - Continuously fulfilling the mission of village-enterprise interaction
positive atmosphere for a better life within the community.Guizhou Ronbay adheres to the concept of
“taking root in the local area and serving society”
Case Hubei Ronbay - Actively participating in community-enterprise collaboration and during the Spring Festival in 2024 went to
the surrounding villages to distribute essentials
children’s toys and other materials to local left-
Hubei Ronbay regularly organizes community- behind children single elderly people and other
enterprise collaboration activities delivering groups establishing closer ties and harmonious
daily necessities and festive greetings to the relationships with the surrounding villagers.surrounding residents establishing a positive
corporate image and helping the community
better understand the company working
together for mutual development. In 2024
Hubei Ronbay actively participated in public
welfare assistance activities in the jurisdiction Case JAESE Energy - Village-Enterprise Joint Cultural Experience Activityand was awarded the title of “True HelpingWarms the People’s Heart Poverty Alleviationand Assistance Delivers Real Results” by the JAESE Energy practices the concept of social
Taiwu Community. responsibility. In 2024 JAESE Energy collaborated
with the Men’s and Women’s Leaders Council of
Daesowon-myeon New Village in South Korea to
initiate a village-enterprise cultural integration action.More than 20 Chinese and Korean employees
worked together with community residents to
complete the pickling of 1500 ecological agricultural
cabbages deepening the community residents’
understanding and recognition of JAESE Energy
and further strengthening the close ties between the
enterprise and the local community.
96 972024 Environmental Social and Governance Report Taking responsibility Promoting Harmony and Communion
Rural Revitalization Public Welfare and Charity
Ronbay Technology will actively respond to the national rural revitalization strategy fully implement the Ronbay Technology has actively carried out various charitable activities this year to give back to society and
company’s various deployments and comprehensively utilize forms of assistance such as employment vigorously promote the spirit of volunteerism. The company adheres to a community-centered approach
promotion rural public welfare and industrial revitalization to improve and enhance the local income level targeting vulnerable groups in local communities and conveys the concept of public welfare through practical
and industrial development capacity further consolidate the achievements of poverty alleviation and promote actions. It encourages employees to practice and carry out public welfare activities contributing to the
common prosperity. construction of a harmonious society.The company adheres to empowering rural revitalization through education and employment creating
employment opportunities and improving the level of localized employment through methods such as settling Case JAESE Energy participates in special charity event
down expanding the scope of recruitment areas and school-enterprise cooperation. During the reporting
period the company is based on local resources adheres to promoting rural revitalization through industry
helps local industries improve industrial competitiveness and promotes the development and growth of local During the report ing period JAESE Energy
industries. participated in the “Hope Jar - Wish Christmas Tree”
charitable donation event hosted by Daesowon-
myeon in Chungju South Korea. The project
Guizhou Ronbay - Actively involved in rural public welfare undertakings established a “Thermometer Christmas Tree” for
public welfare fundraising and all the donations
raised were used to help vulnerable groups. At
the same time the company set up a charitableSince its establishment Guizhou Ronbay has adhered to the concept of “taking root in donation jar in the employee cafeteria to encouragethe local area and serving society” always concerned about the development of rural employees to voluntarily participate in donations
revitalization focusing on rural industrial revitalization and talent revitalization activating new and contribute to the cause of public welfare
engines for rural development and promoting rural economic prosperity. assistance.Guizhou Ronbay is committed to promoting rural revitalization through its own actions. It
collaborates with local governments to develop economic development plans and has invested
in the construction of multiple industrial parks state-of-the-art factories and production lines.This has attracted upstream and downstream enterprises to settle in promoting the formation
of local industrial clusters. At the same time Guizhou Ronbay provides a large number of
employment opportunities for the local community and has established cooperative research
and development and student internship mechanisms with local universities. This attracts and
cultivates high-quality rural talents providing talent support for rural revitalization.In addition Guizhou Ronbay actively participates in rural public welfare undertakings and
social responsibility projects has established multiple public welfare donation projects
regularly organizes employees to participate in volunteer service activities and provides care
and assistance to vulnerable groups such as the elderly and disabled in the community.
98 992024 Environmental Social and Governance Report Key Performance Indicator Table
Key Performance Indicator Table Intellectual Property Protection
Indicator category Unit 2022 2023 2024
Corporate Governance and Economic Performance Invention applications items 261 492 629
Inventions granted items 72 104 162
Corporate Governance
Applications for utility models items 343 469 577
Indicator category Unit 2022 2023 2024
Utility models granted items 274 346 435
Total number of board of directors persons / 9 9
Number of female directors on the persons / 3 3 Information Security and Privacy Protectionboard of directors
Indicator category Unit 2022 2023 2024
Ratio of female directors in the board
of directors % / 33.33 33.33 Internal information security audit times / 6 3
Third-party information security audit times / 1 0
Economic Performance Information security audits upon departure person-times / 168 154
Indicator category Unit 2022 2023 2024
Total assets 100 million yuan 256.60 246.39 246.23 Environmental Performance
Product output ten thousand tons 11.43 13.29 17.24
Energy Consumption
Sales revenue 100 million yuan 301.23 226.57 150.88
Indicator category Unit 2022 2023 2024
R&D investment ten thousand yuan 48655.43 35424.45 42415.88
Total comprehensive energy
Government reward and support fund ten thousand yuan 5967.69 12690.81 6485.69 consumption tons of standard coal / / 114881.40
Balance of accounts payable Total direct energy consumption tons of standard coal / / 80433.95
(including notes payable) at the end ten thousand yuan 1142975.25 834109.93 857259.25
of the reporting period Total indirect energy consumption tons of standard coal / / 34447.44
Ratio of accounts payable (including Natural gas consumption cubic meters 517429 632731 1462563.00
notes payable) balance to total assets % 44.54 33.85 34.82 Purchased steam consumption tons 86256 136533 113000.62
at the end of the reporting period
Total power MWH 668085.61 849948.17 911723.97
Investment in environmental
protection ten thousand yuan 1746.81 2212.89 3137.03 Purchased electricity consumption:
renewable energy MWH / / 97657.82
Safety investment ten thousand yuan 1802.06 2802.05 1421.48
Purchased electricity consumption:
Non-renewable energy MWH / / 814066.15
Risk Prevention and Control and Integrity Management Green electricity consumption MWH / / 97657.82
Indicator category Unit 2022 2023 2024 Proportion of green electricity % / / 34.17
Number of risk control audits times 30 18 16 consumption
Problems identified in the audits items 43 129 381 Directly purchased green electricity
consumption MWH 16930 212365.12 97657.82
Number of risk management
training sessions times 4 2 7 Green electricity certificate
procurement volume MWH / / 213912.11
Audit coverage rate (bases) % 71 75 83
Note: 1. The data on total comprehensive energy consumption total direct energy consumption and total indirect energy
Signing rate of commitment letter consumption did not cover the JAESE ENERGY CHUNGJU CO. LTD and EMT CO. LTD. bases in South Korea; 2. The natural
on integrity % 100 100 100 gas consumption data for 2024 only covered the Centerbel base in Shanxi; 3. The purchased steam consumption data for 2024
only covered the Xiaocaoe and Linshan bases; 4. The data on Purchased electricity consumption of renewable energy proportion
Business ethics training coverage % 100 100 100 of green electricity consumption directly purchased green electricity consumption and green electricity certificate procurement
volume only covered the Ezhou and Guizhou bases.
100 1012024 Environmental Social and Governance Report Key Performance Indicator Table
Greenhouse Gas Emissions Pollutant Treatment
Indicator category Unit 2022 2023 2024 Indicator category Unit 2022 2023 2024
tons of CO Solid wasteScope 1 2equivalent 3628.02 7194.06 9501.25 Hazardous waste emissions tons 1610.23 1375.29 1181.86
Scope 2 tons of CO2 319310.58 516925.13 516152 Hazardous waste rate of a tons / thousand-ton equivalent thousand-ton product product 14.19 10.35 6.86
Scope 3 tons of CO2 1828698.03 2455915.94 3040819.87 General solid waste emissions tons 3170.32 1133.21 1223.43equivalent
General solid waste rate of a tons / thousand-ton
Total greenhouse gas emissions tons of CO
27.748.537.10
2
equivalent 2151636.62 2980035.13 3566473.11
thousand-ton of product product
Waste recovery amount tons 8419.53 8016.86 9535.24
Greenhouse gas emission tons of CO2 equivalent / tons of 23.74 22.53 20.69 Note: 1. Waste recycling included solid waste such as ton bags; 2. Considering data accuracy data from 2022 and above covered intensity Ezhou Zunyi Xiaocaoe EMT CO. LTD. bases; in 2023 it covered Ezhou Zunyi Xiantao Xiaocaoe Linshan Shanxi Centerbel products JAESE ENERGY CHUNGJU CO. LTD and EMT CO. LTD. bases.Note: 1. The data above for 2022 only covered the Ezhou and Zunyi bases; 2. The data for Range 3 in 2024 did not cover the Waste gas
EMT CO. LTD. base.Sulfur dioxide (SO2) tons / / 1.36
Nitrogen oxides (NOX) tons 14.19 10.12 2.56
Water Resource VOCs (Volatile Organic
Compounds) tons / / 0
Indicator category Unit 2022 2023 2024
Particulate matter tons / / 14.43
Total amount of water withdrawal ten thousand tons 155.87 145.99 117.60 Asphalt smoke tons / / 0
Water withdrawal intensity tons / ton of 13.61 10.98 6.82 Dust emissions per unit of product product g / ton of output 197.81 93.46 83.70
Note: 1. The nitrogen oxide data for 2022 only covered the EMT CO. LTD. base while it covered the Centerbel and EMT CO.Total amount of recycled water tons / / 966990 LTD. bases in 2023; 2. The dust emission data covered the Ezhou Zunyi EMT CO. LTD. and JAESE ENERGY CHUNGJU CO.LTD bases in 2022 and it covered the Ezhou Zunyi Xiantao Xiaocaoe Linshan Shanxi Centerbel JAESE ENERGY CHUNGJU
Note: 1. The total water withdrawal and water withdrawal intensity data for 2022 did not cover the bases in Xiantao Shanxi CO. LTD and EMT CO. LTD. bases in 2023; 3. The particulate matter data did not cover the JAESE ENERGY CHUNGJU CO.Centerbel and JAESE ENERGY CHUNGJU CO. LTD; 2. The total recycled water data did not cover the bases in Xiaocaoe LTD base.JAESE ENERGY CHUNGJU CO. LTD and EMT CO. LTD.Wastewater
Total wastewater discharge tons 255416.56 264882.05 245375.38
Packaging Material Management
Emissions per unit of output (tons / ton of 2.25 1.99 1.42
Indicator category Unit 2022 2023 2024 output)
Packaging Material Recovery- Chemical Oxygen Demand items / 124200 108314 (COD) tons / / 5.89Tray
Ammoniacal nitrogen (NH3-N) tons / / 1.33
Suspended solids tons / / 2.88
Total phosphorus tons / / 0.01
Note: 1. The selected wastewater emissions per unit of production is calculated as the total wastewater discharge divided by the
total production of the base; 2. The total wastewater discharge and emissions per unit of production data for 2022 covered Ezhou
Zunyi Xiaocaoe and EMT CO. LTD. bases; for 2023 they covered Ezhou Zunyi Xiantao Xiaocaoe Linshan Shanxi Centerbel
JAESE ENERGY CHUNGJU CO. LTD and EMT CO. LTD. bases; 3. Chemical oxygen demand and ammonia nitrogen data
did not cover Centerbel JAESE ENERGY CHUNGJU CO. LTD and EMT CO. LTD. bases; 4. Suspended solids and total
phosphorus data did not cover Centerbel and Korean bases.
102 1032024 Environmental Social and Governance Report Key Performance Indicator Table
Social Performance Employment
Indicator category Unit 2022 2023 2024
Customer Service Total number of employees persons 4644 4376 4471
Indicator category Unit 2022 2023 2024 By gender
Number of product-recalls due to Number of male employees persons 3545 3297 3438
quality issues pieces / / 0 Number of female employees persons 1099 1079 1033
Number of customer privacy leakage pieces / / 0 Ratio of male employees % 76 75 77incidents involved
Ratio of female employees % 24 25 23
Customer complaint handling rate % 100 100 100
By academic degree
Customer satisfaction % 96.10 96.80 97.45
PhD persons 17 32 41
Master persons 491 624 627
R&D and Innovation Bachelor persons 1125 1095 1045
Indicator category Unit 2022 2023 2024 Below bachelor persons 3011 2625 2758
Number of R&D personnel persons 599 647 679 By age
By education level Under 30 years (including 30 years) persons 1698 1510 1392
Doctoral Degree persons / / 36 30-50 years (excluding 30 years
including 50 years) persons 2726 2678 2858Master degree persons / / 338
Over 50 (excluding 50) persons 220 188 221
Bachelor’s degree and below persons / / 305
Number of disabled employees persons 3 3 40
Number of employees from ethnic
Supplier Management groups persons 165 156 175
Indicator category Unit 2022 2023 2024 Foreign employees persons 194 275 457
Total number of suppliers / / 386 343 Campus-recruited employees persons 395 301 140
Supplier from the Chinese Mainland / / 373 261 New employees
Suppliers from Hong Kong Macao Total number of new employees hired / / 13 82 in 2024 persons 2221 1322 985Taiwan and overseas
Number of supplier audits that have By gender - number of male employees persons 1748 1019 813
been conducted / / 54 79 By gender - number of female persons 473 303 172
Number of supplier training sessions times / / 301 employees
Number of suppliers participating in By age - under 30 years old persons 1151 662 427
supplier training / / / 77 By age - 30-50 years old persons 1060 660 550
Annual number of assessed suppliers / 18 54 79 By age - over 50 years old persons 10 10 8
Annual proportion of completed
supplier assessment % 67 100 100
Management
By gender - number of male employees
Number of suppliers certified by the in management persons 51 53 61
environmental management system / / / 52
By gender - number of female
Number of suppliers certified by employees in management persons 11 13 12
the occupational health and safety / / / 52
management system By age - under 30 years old persons 1 1 0
Number of suppliers certified by the By age - 30-50 years old persons 53 55 58
quality management system / / / 52 By age - over 50 years old persons 8 10 15
104 1052024 Environmental Social and Governance Report Key Performance Indicator Table
Rights and Benefits of Employees Occupational Health and Safety
Indicator category Unit 2022 2023 2024 Indicator category Unit 2022 2023 2024
Employee satisfaction % 84.77 82.06 83.40 Proportion of employees covered by
the occupational health and safety % 100 100 100
Coverage rate of labor contract signing % 100 100 100 management system
Social insurance contribution rate for
regular employees % 100 100 100
Number of employees participating
in occupational disease physical persons / / 3038
examination
Number of employees with
occupational diseases persons / 0 0
Staff Training and Development
Number of occurrence of occupational
Indicator category Unit 2022 2023 2024 disease accidents times / 0 0
Number of employees who have
undergone regular performance and persons / / 1846 Number of major safety accidents pieces / 0 0
career development evaluations Number of employees who died due to
Percentage of employees who accept work-related injuries
persons / 0 0
performance evaluation % / / 100 Hours lost due to work-related injury hours / 0 0
Number of male employees who have
undergone performance evaluation persons / / 1210
Departure rate due to work-related
injuries % / 0.077 0
Number of female employees who persons / / 636 Number of safety emergency drills times / 113 214underwent performance evaluation
Number of people covered by safety
Total expenditure on employee training ten thousand 343.80 115.60 60.17 emergency drills
persons / / 3610
yuan
Number of safety training sessions times / 2520 2351
Total duration of employee training hours / 17873 26990
Duration of safety training hours / 20405 175434
Total number of hours for employee class hours/
training year 33390 44507 58799 Safety training coverage % / 100 100
Average length of employee training (class hours / 20.59 27.38 20.29 Employee involvement rate in safety person / year) drills % / 100 100
Number of types of training courses sessions / year 57 375 585 Qualified rate of occupational health
physical examination of employees % / 100 100
Note: 1. The total expenditure data for employee training in 2024 only covered the actual expenditure on training fees for the
functional departments of the corporation. Note: 1. The number of hours lost due to work-related injuries and the departure rate due to work-related injuries are only counted
for accidents above level 3.Rural Revitalization
Indicator category Unit 2022 2023 2024
The number of people benefited from
rural revitalization persons 1024 1974 1332
Amount invested in charitable ten thousand
donations yuan 31.63 75.00 64.69
Note: 1. The data on the number of people benefited from rural revitalization and the amount invested in rural revitalization only
covered the Ezhou and Zunyi bases.
106 1072024 Environmental Social and Governance Report Report Index
Report Index
Guidelines No. 14 of Shanghai Guidelines No. 14 of Shanghai
Report Chapter Stock Exchange for Self-
Global Reporting Stock Exchange for Self- Global Reporting
Regulation of Listed Companies— Initiative (GRI) Report Chapter Initiative (GRI)
Sustainability Report (Trial) Standards 2021
Regulation of Listed Companies—
Sustainability Report (Trial) Standards 2021
Preparation Instructions for This Report Article 3 to 4 Article 6 2-2; 2-3; 2-14 Win-win Value Exchange and
Message from the Chairman -- 2-22 Driving Industry Cooperation Empowering Industry Article 42 201-4
About Ronbay Technology -- 2-1; 2-6 Development Development
The Path of Sustainable Development Articles 13 to 15 and Article 19 2-12; 2-14; 2-16; Diversity and Equality 2-17; 2-22 Safeguarding
Communication with Stakeholders Article 9 Article 53 2-29 Employees’ Rights and Articles 49 to 50 405-1
Analysis of Double Materiality Article 5 3-1; 3-2; 3-3 Benefits
Strengthen Governance People-oriented Empower Development
and Consolidate Articles 11 to 12 and Articles 49 to 2-9; 2-12; 2-18; 2-19; Achieving Facilitating Employee Articles 49 to 50 404-1; 404-2; 404-3
the Foundation of 50 2-20; 405-1 Happiness Growth
Governance Sharing Care for Employees
Compliance Conveying their Well- Article 49 403-3; 403-6
Management Ensures Article 29 2-27; 205-2; 205-3;
Being
Steady Progress the Stability of Business 418-1 Occupational Health and Article 49 Article 50 403-1; 403-2; 403-5
Leads to a Bright Operations Safety
Future Charting Anti-corruption and Taking Articles 38 to 40 415-1
a Beautiful promotion of integrity Articles 53 to 56 2-26; 205-1; 205-2; responsibility Rural revitalization Articles 38 to 40 415-1Blueprint and Build an Integrity 206-1; 418-1 Promoting
System Harmony and Public Welfare and
Charity Article 38 Article 40 415-1Intellectual Property Communion
Protection Article 54 205-2
Information Security
Guarding the Data Article 48 418-1
Defence Line
Innovation
Striving for Empowerment Driving Article 2 Articles 41 to 42 201-1; 302-5
Excellence Industry Development
Facilitating
the Process of High-quality Service
Globalization Shaping Excellent Article 47 416-1; 416-2
Quality
Environmental
Management System Article 29 306-2
Green Development
Low-carbon Addressing Climate Articles 20 to 28 201-2; 305-1; 305-2;
Environment Change 305-3
Practicing Green
Coexistence Green Production
Safeguarding our Articles 30 to 31 and Articles 33 to 302-1; 303-1; 305-7;
Beautiful Homeland 37 306-2
Biodiversity Conservation Article 32 304-1; 304-2
Win-win Value Progress and prosperity
Driving Industry together building a Articles 44 to 45 204-1; 308-1; 308-2;
Development responsible supply chain 414-1
108 1092024 Environmental Social and Governance Report Verification Report
Verification Report
I Statement No: SRA-824851
NDEPENDENT ASSURANCE OPINION STATEMENT This assurance engagement has been conducted by a team of qualified sustainability assurance professionals in accordance with the AccountAbility AA1000AS (2021). Through review of documentation
Statement No: SRA-825351 and data collected during planning and fieldwork we confirm that RONBAY TECHNOLOGY’s claim of
Ningbo Ronbay New Energy Technology Co. Ltd. compliance with:
2024 Environmental Social and Governance Report The Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—
Sustainability Report (Trial) and refer to the Global Reporting Initiative (GRI) Sustainability Reporting
The British Standards Institution is independent of Ningbo Ronbay New Energy Technology Co. Ltd. (including its
subsidiaries hereinafter referred to as "RONBAY TECHNOLOGY") and its subsidiaries (hereafter referred to as Standards (2021 Edition) is a fair and accurate representation.“Ronbay Technology” collectively in this statement) and has no financial interest in the operation of Ningbo Ronbay
New Energy Technology Co. Ltd. other than for the assessment and assurance of RONBAY TECHNOLOGY’s 2024 Methodology
Environmental Social and Governance Report (the “ESG Report”). Our work was designed to gather evidence on which to base our conclusion. We undertook the following
acitvities:
This independent assurance opinion statement is prepared on the basis of review by the British Standards * Conducted interviews with RONBAY TECHNOLOGY’s senior management to validate
Institution of 2024 “ESG Report” presented by "RONBAY TECHNOLOGY". The review does not extend beyond such the appropriateness of materiality topics in the ESG Report particularly those raised by external
information and is solely based on it. In performing such review the British Standards Institution has assumed that
all such information is complete and adequate. stakeholders regarding RONBAY TECHNOLOGY’s sustainability performance.* Discussed with RONBAY TECHNOLOGY’s senior management the methods for stakeholder
Scope & Criteria engagement (note: no direct contact with external stakeholders was made as part of this assurance).The scope of engagement agreed upon with “RONBAY TECHNOLOGY” includes the following: * Interview with staff involved in sustainability management report preparation and provision of report
1． The assurance scope is consistent with the description of Ningbo Ronbay New Energy Technology Co. Ltd. 2024 information.
“ESG Report”. * Review of key organizational developments.
2． This report was prepared in accordance with the “Guidelines No. 14 of Shanghai Stock Exchange for Self- * Review of supporting evidence for claims made in the Report.Regulation of Listed Companies—Sustainability Report (Trial)” issued by the Shanghai Stock Exchange * An assessment of the RONBAY TECHNOLOGY’ reporting and management processes concerningand referenced the “Global Reporting Initiative (GRI) Sustainability Reporting Standards “(2021 Edition). reporting against the principles of Inclusivity Materiality Responsiveness and Impact as described in the
3． Type 2 Moderate Assurance Level AA1000 Assurance Standard.
In line with the AccountAbility Sustainability Assurance Standard (AA1000AS) this assessment examines
the nature and extent to which “RONBAY TECHNOLOGY” adheres to the four principles of Conclusions
accountability: Inclusivity Materiality Responsiveness and Impact. It does not involve an assurance on the
reliability of specific sustainability performance data. We have conducted the review of the AA1000AS v3 standards for the verification of sustainability reports
regarding the principles of inclusiveness substance responsiveness and impact as well as the verification of the
Opinion Statemen t "Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report
We conclude that RONBAY TECHNOLOGY’s 2024 ESG Report objecitvely and fairly presents the organization’s
environmental social and governance (ESG) performance during the reporting period. (Trial) issued by the Shanghai Stock Exchange (SHSE)" as follows:
Based on the assurance procedures described in this report we have not identified: Based on the verification results we have not identified:-Any materiality misrepresentation or omission in the ESG data and information provided by “RONBAY -Any materiality misrepresentation or omission in the ESG data and information provided by “RONBAYTECHNOLOGY”. TECHNOLOGY”;
-Any unresolved issues related to the AccountAbility AA1000AS principles of Inclusivity Materiality -Any unresolved issues related to the AccountAbility AA1000AS principles of Inclusivity Materiality
Responsiveness and Impact. Responsiveness and Impact.We confirm that the contents related to social responsibility and sustainable development in the "ESG
Report" are disclosed in accordance with the requirements of " Guidelines No. 14 of Shanghai Stock
Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)".From our professional perspective this "ESG Report" includes the social responsibility and sustainable For and behalf of BSI：
ichael Lam Senior Vice President APAC Assurance development affairs of "RONBAY TECHNOLOGY". The suggestions for improvement of the report have
been adopted by "RONBAY TECHNOLOGY " before issuing this statement of improvement opinions.I ssue Date: 2025-03-23
Effective Date: 2025-03-23
Page: 1 of 3 Issue Date: 2025-03-23 Effective Date: 2025-03-23
Page: 2 of 3
The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes of The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes of
ver ifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not in providing this Opinion Statement accept or assume
verifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not in providing this Opinion Statement accept or assume
responsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on the res ponsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on the
basis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review The British basis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review The British
Stan dards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only. Stan
dards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only.
110 1112024 Environmental Social and Governance Report
Statement No: SRA-824851
Assurance Level
The Type 2 Moderate Level of Assurance provided in our review is defined by the scope and methodology
described in this statement.Responsibilities
It is the responsibility of RONBAY TECHNOLOGY’ senior management to ensure that the information being
presented in the Report is accurate. Our responsibility is to provide an independent assurance opinion
statement to stakeholders giving our professional opinion based on the scope and methodology described.Ability and Independence
The assurance team was composed of Lead Assurer and Assurer who are experienced in the industrial sector
and trained in a range of sustainability environmental and social standards including GRI Series Standards
AA1000 ISO14064 ISO20400 ISO 14001 ISO45001 ISO 9001 etc. British Standards Institution is a leading
global standards and assessment body founded in 1901. The assurance is carried out in line with the BSI Fair
Trading Code of Practice.Issue Date: 2025-03-23 Effective Date: 2025-03-23
Page: 3 of 3
The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes of
verifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not in providing this Opinion Statement accept or assume
responsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on the
basis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review The British
Standards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only.
112 PB
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