Environmental Social
and Governance (ESG) Report
No. 9 Dongdangtian Road Suzhou Industrial Park Suzhou City Jiangsu Province
2024 Environmental Social and Governance (ESG) ReportCONTENTS
Feature
About This Report 02 10 Our Leading Green and Intelligent A Message from the Chairman 04 Products Help Build a Sustainable
A Closer Look at Industry Ecosystem
NOVOSENSE: Embarking Powering Vehicles with NOVOSENSE Chips 10
on a New Chapter 06 Our Green Chips are Empowering the
Automotive Electronics 14
Company Profile 06 Shaping the Future with Our Photovoltaic
Global Presence 06 Technology and Green Energy Products 17
Corporate Culture 07
Core Business 07
History 08 Devising Effective Strategies and 18 Safeguarding Sustainable DevelopmentCompliance Governance 19
ESG Governance 26
Information Security 31
Putting People First and Supporting
34 Employee GrowthOur Employees 35
Employees’ Rights and Interests 38
Training and Career Development 45
Occupational Health and Safety 47
Social Welfare and Responsibility 49
Creating and Sharing
50 Extraordinary ValueTechnology Innovation 51Quality Management 55
Supply Chain Management 60
Outlook 71
Appendix 72 Green Operations: Working 62 Together to Build a Green FutureAwards 72 Green Office 63Report Index 73 Responding to Climate Change 67
Feedback 7802 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 03
About This Report
About This Report
Report Overview Data Sources
This represents the third Environmental Social and Governance The data and examples cited in this report are all from the official working documents financial reports and
(ESG) Report released by Suzhou Novosense Microelectronics statistical data of NOVOSENSE and its major subsidiaries and have been reviewed and confirmed by the relevant
Co. Ltd. It is compiled based on the company’s specific efforts in departments of the company to ensure that there are no false records misleading statements or material omissions.bolstering corporate governance safeguarding employee interests In case of any discrepancy between this report and the company’s annual report the latter shall prevail.and prioritizing R&D and innovation throughout the year 2024. Its aim
is to showcase the company’s ESG approach and its commitment to Unless otherwise specified all currencies and amounts in this report are denominated in CNY.fulfilling corporate social responsibility for the year.Reporting Period Reference Standards
January 1 2024 to December 31 2024. Some contents are backdated to previous years or extended to subsequent Guidelines No. 14 of the Shanghai Stock Exchange for the Self-Regulation of Listed Companies – Sustainability
years as appropriate to enhance the comparability and forward-looking nature of this report. Report (Trial)
Global Reporting Initiative: Sustainability Reporting Standards (GRI Standards) (2021 Edition)
Reporting Scope Research Center for Corporate Social Responsibility Academic Division of Economics Chinese Academy of Social
Sciences: China CSR Reporting Guidelines (CASS-ESG 6.0)
Unless otherwise specified the scope of this report is consistent with the scope of the company’s annual report. Access to the Report
Abbreviations
You can download the electronic version of this report from the website of the Shanghai Stock Exchange
To facilitate expression in the report we use “NOVOSENSE” “company” or “we” as substitutes for “Suzhou (http://www.sse.com.cn) or the website of Suzhou Novosense Microelectronics Co. Ltd. (https://www.novosns.com/)Novosense Microelectronics Co. Ltd”. for more information of the company.Abbreviation Full Company Name Feedback
NOVOSENSE/company/we Suzhou Novosense Microelectronics Co. Ltd. If you have any opinions or suggestions on the sustainable development of the company please provide your
NAXIWEI Suzhou NAXIWEI Semiconductors Co. Ltd. feedback in the following ways to help us make continuous improvement.MagnTek Shanghai MagnTek Microelectronics Inc. Tel: +86-512-6260-1802 Email: pr@novosns.com04 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 05
A Message from the Chairman
A Message from the Chairman
Upholding our mission amid changes
The global automotive industry is undergoing profound changes driven by electrification smart technology and
higher safety requirements. As semiconductor technology is the core driver of these changes innovation and supply
chain resilience have become common strategic focus across the global automotive industry. In line with its mission
“Sense & Drive the Future Build a Green Smart and Connected World with Semiconductors” NOVOSENSE
harnesses reliable chip technology and focuses on high-safety scenarios such as OBC/DCDC BMS and main
inverters for new energy vehicles as well as smart driving and body control to provide high-quality products and
services for the global automotive electronics industry chain.Achievements in automotive business
In the past year we have made several achievements in the automotive electronics field. By the end of 2024
NOVOSENSE had shipped a total of 668 million automotive chips covering almost all mainstream new energy
vehicle models. Our high-performance and low-power products are not only widely used in OBC/DCDC BMS main
inverters and thermal management systems but are also being applied in vehicle domain control lighting intelligent
cockpits chassis and safety. As we go global our automotive chips have been recognized by leading carmakers
and car part suppliers in China and abroad establishing the company as a reliable partner in the global automotive
electronics industry.Green practices and sustainability
Sustainability is one of our core strategies. We have integrated low-carbon concepts into chip design and our
new-generation products help optimize energy efficiency for end users and support emission reduction efforts across
the industry. In terms of supply chains we conduct joint awareness campaigns to integrate ESG into the industrial
chain and drive win-win results in green transformation. To develop talent we have launched various initiatives –
such as the “XIN HUO” Program and the “XIN YUN” Program – to empower our teams and we have entered into
partnerships with top universities in order to source professionals who have strong technological skills as well as an
awareness of the importance of sustainability.Wang Shengyang Dear colleagues partners and readers
Chai rman of NOVOSENSE Responsibility
Microelectronics According to data released by World Semiconductor Trade Statistics (WSTS)
in February 2025 the global semiconductor market had an estimated value Our values are aligned with ESG practices: Robustness means we develop robust products and this is also
of USD628 billion in 2024 representing an increase of 19.1% over 2023. the cornerstone of our commitment to our customers. Reliability means that we take practical actions to build a
The market’s recovery has brought new opportunities and at the same time responsible supply chain and that we fulfil our responsibility to protect the industrial ecosystem in the long term.industry competition is also intensifying driving demand for iterative products Continuous learning enables us to embrace global innovation whole-heartedly. Finally our commitment to long-term
and technologies. To address these opportunities and challenges NOVOSENSE value protects us from being short-sighted in our pursuit of technological breakthroughs and sustainability andis staying true to its original aspiration as reflected in our values “Robust helps us create a bright future for all.Reliable Keep Learning Persist in Long-term Value”. We are working alongside
In 2025 we will accelerate technological development deepen the ESG governance system and promote the
our employees customers and partners and staying committed to our path in transition of the semiconductor industry chain to low-carbon models. We look forward to working with more industry
order to open up new possibilities. On behalf of the Board of Directors I would peers to help drive green mobility with our chip technology and we plan to take solid actions to define the role of
like to express my sincere appreciation to our employees for their hard work to semiconductor enterprises in respect of sustainability.our customers for their trust and to our partners for their support!
As the grass and trees grow we can see that spring is not far away. At NOVOSENSE we are committed to applying
technology and fulfilling our responsibility to drive change across the industry and working together with our peers
to take the sector to new heights.06 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 07
A Closer Look at NOVOSENSE: Embarking on a New Chapter
A Closer Look at NOVOSENSE:
Embarking on a New Chapter
Company Profile Corporate Culture
NOVOSENSE Microelectronics (NOVOSENSE SSE 688052) is a highly robust and reliable analog and mixed-signal
chip company. Established in 2013 the company focuses on sensors signal chains and power management
offering comprehensive semiconductor products and solutions for automotive industrial information communication
and consumer electronics markets.Mission and Vision Values
Sense & Drive the Future Build a Robust Reliable Keep Learning
Green Smart and Connected World Persist in Long-term Value
with Semiconductors
Core Business NOVOSENSE always adheres to the core values of “Robust Reliable Keep All-category mixed digital- Leader among China Leader among digital isolator Learning Persist in Long-term Value” with a view to providing reliable products
analog chip provider automotive chip providers and sensor providers to customers and serving as a trustworthy partner for industry players.Product Offerings
We have an extensive semiconductor product portfolio covering sensors signal
Global Presence chains isolators interfaces power drivers power management system on a
chip (SoCs) and microcontroller units (MCUs). At the end of 2024 we had more
than 3300 product parts available for sale. The company’s specific product
strategies are as follows:
Other
system
RS485
interface LIN High-voltage Motor
interface non-ISO gate driverdriver
Sensing Low side IGBT
elements I2C switch
CACNAN interface Half-bridge
interface driver
Interface
Driver IC Power Si
device MOSFET
HSMT Audio powerDigital
Temperature/ isolator Audio/video
amplifier
humidity interface
ISO driver
sensor Industrial/
automotive
ASSP LED High side
SiC
switch MOSFETdriver
Dedicated
MCU
Magnetic
position
R&D and sales in China and other countries: sensor MCUSignal
sensing &
processing Generalpurpose
Universal signal chain: MCU
Suzhou Shanghai Shenzhen Beijing operational amplifier/ADC/DAC/references/
MUX…
Chengdu Nanjing Hangzhou Hefei Pressure Onboardsensor Sensor signal powersupply
conditioning
Qingdao Wuhan Chongqing Tianjin ASIC ISO sensing
Power Path
management protection ISO voltage Non-ISO
PMIC Power sensing sensing
management
ISO current
Germany South Korea Japan United States sensing
ISO Power
power monitoring
*Automotive qualified:
NOVOSENSE Product Portfolio08 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 09
A Closer Look at NOVOSENSE: Embarking on a New Chapter
Market Applications
NOVOSENSE continues to expand its analog chip product categories to cover various scenarios with the goal of
providing a complete array of solutions for automotive electronics industrial automation renewable energy and
power supply and consumer electronics among other areas. Our products are mainly applied in the following
downstream markets:
Automotive Electronics Renewable Energy and Power Supply Industrial Automation Consumer Electronics
Chips are the core driving force behind technological F rom a sys tem des ign pe rspec t i ve e f f i c i ency The industrial automation sector is developing rapidly as Personal consumer electronics and household appliances
innovation in the automotive industry enabling electrification miniaturization reliability and longevity are the focuses of it pursues greater intelligence accuracy and efficiency. In are entering a new era of intelligence and sophistication.and intelligence. NOVOSENSE is dedicated to providing the pan-energy industry including photovoltaic and wind this context NOVOSENSE’s chip solutions are celebrated With its advanced sensors and driver chip technology
comprehensive chip solutions for the automotive sector power companies. With chip solutions characterized by for their low power consumption high reliability and NOVOSENSE is committed to achieving high-precision
with its products widely applied in critical systems such as high quality small size and high integration NOVOSENSE high integration which enable industrial systems to save detection and high-performance control with a view to
main inverters on-board chargers battery management offers a diverse and flexible technology portfolio for energy energy cut costs and raise efficiency. The company’s driving innovation and competitiveness for the industry.and thermal management. Additionally the company systems that meets diverse needs. Our products are widely products cover multiple scenarios such as industrial The company’s solut ions are not only extensively
continues to expand its innovative solutions further covering used across a range of scenarios including string and frequency converters servos stepping motors intelligent applied to white goods such as washing machines
areas like body electronics smart cockpits vehicle lighting centralized photovoltaic inverters micro and household instruments industrial robots and humanoid robots air conditioners and refrigerators but also cover a
chassis control and safety systems helping the automotive energy storage inverters energy storage converters wind and provide strong technical support for raising the wide range of small smart appliances such as robotic
industry move toward a smarter and more efficient future. power converters charging station system control and intelligence efficiency and reliability of industrial control vacuum cleaners humidifiers ironing machines coffee
modules AC-DC and DC-DC power supplies mobile systems. machines and health pots empowering smart home life
energy storage equipment energy management systems for consumers in an all-round way and making home life
(EMS) and uninterruptible power supply (UPS). In this way more intelligent convenient and efficient.
we are supporting the energy industry’s efforts to become
more efficient reliable and intelligent and promoting the
sustainable development of clean energy technology.History First 3-axis accelerometer SSC ASIC First automotive IC released First MEMS pressure sensor released Automotive motor driver IC & Automotive micro & special motor
released First digital isolator released ISO power and ISO interface released Automotive power IC released driver SoC magnetic switch released
First Pressure sensor SSC ASIC released Mass production of automotive- ISO driver and ISO amplifier released Automotive temperature and humidity
qualified pressure sensor IC Mass production of Automotive ISO sensors CAN SIC solid-state relays
Mass production of temperature product family low side high side LED drivers
sensor IC First hall current sensor released & released
mass production
20132014~20152016~20182019~202120222023~2024
Founded Focus on the consumer electronics market Entering the automotive and Obtained TüV ISO 26262 Functional IPO on The Science and Technology Expanding overseas markets
Break even industrial markets Safety Management System ASIL-D Innovation Board establishing branches in Germany
Obtained ISO 9001: 2015 Quality Recognized again as a China certification More than 100 million automotive Japan South Korea and U.S.Management System Certification from national high-tech enterprise Recognized again as a China chips shipped Recognized as a member of the AEC
SGS Rated as an excellent enterprise in national high-tech enterprise NOVOSENSE Reliability Assurance Technical Committee
Recognized as a China national high-tech Jiangsu Province and Failure Analysis Center In 2024 NOVOSENSE’s Automotive
enterprise Business accounted for over 36.88% of has obtained the laboratory the company revenue with cumulative
accreditation certificate issued by shipments of automotive chips
CNAS* exceeding 668 million pcs.Completes 100% equity acquisition of
MagnTek in 202410 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 11
Feature
Our Leading Green and Intelligent Products
Feature Help Build a Sustainable Industry Ecosystem In our effort to deepen technological innovation we also forge partnerships across the sector and work alongside industry peers to promote advancements in analog chips. We actively participate in industry summits forums and other activities
and have been involved in the development of standards; and we cooperate with peers universities and institutes to
As the world steps up efforts to achieve carbon neutrality the semiconductor industry – as the linchpin for integrating tackle key problems share experience and explore cutting-edge technologies. During the reporting period the company
digital technologies with low-carbon models – is playing an important role in empowering the green transformation. cooperated with its partners in upstream and downstream industrial segments in verifying the reliability of vehicle
NOVOSENSE has always embraced the concept of technology-driven sustainability and has integrated low-carbon specification level chips and optimizing the energy efficiency of new energy systems with a view to sharing technologies
practices into its innovation and cooperation efforts. Through our technological breakthroughs and partnerships we have and resources to help drive synergies. By taking this dual approach that focuses on technological breakthroughs and
injected new momentum into the sustainable development of China’s chip industry.ecosystem development we have strengthened our competitive advantages in key markets such as automotive electronics
As a pioneer in green smart chips in China NOVOSENSE actively responds to the national call for ecological civilization and new energy while also helping the industry move towards more efficient clean and low-carbon business models.and has developed a suite of green products that is underpinned by sensors signal chains and power management
covering key areas such as the automotive sector industry and energy. In 2024 the distribution of NOVOSENSE’s Attending the Global New Energy Vehicle (GNEV) 2024 * Shanghai Forum
products in terms of downstream applications was as follows: automotive electronics accounted for 36.88% pan-energy1
49.49% and consumer electronics 13.63%. Featured event NOVOSENSE attended the GNEV2024 * Shanghai forum
Powering Vehicles with NOVOSENSE Chips
The GNEV2024 * Shanghai forum sponsored by
NOVOSENSE actively promotes the development of automotive chips and endeavours to play its part in transforming the China EV 100 was held from 31 October to 1
global automotive industry. In its 10-plus years of development NOVOSENSE has grown into an industry leader in China November 2024. Wang Shengyang Chairman
automotive electronics market. Our automotive chip products are mainly used in new energy vehicles including in OBC/DCDC
BMS main inverter body control thermal management smart cockpit and smart driving in-vehicle lighting chassis control of NOVOSENSE attended the conference and
and safety. At the end of 2024 the company had shipped a total of 668 million automotive chips. In addition the company delivered a speech in which he shared his views and
has been certified under the ISO 26262 ASIL D Defined-Practiced standard which is a testament to NOVOSENSE’s first-rate insights on how domestic chip companies should
functional safety systems and mature practical capabilities and confirms the reliability of its high-safety automotive chips. break new ground in the global new energy vehicle
ecosystem.NOVOSENSE: Your Preferred Automotive Supply Chain Partner
* Products: Sensor (Magnetic Pressure Temperature Humidity)
Cert i f ied by SGS: ISO 9001:2015 Qual i ty System-level understanding and Signal Chain (Sensor Signal Conditioning Isolator Interface
Management System Certification holistic solutions General Signal Chain) Power Management (Gate Driver Motor Driver LED Driver Power Supply Power Protection Path Class D
Power Device) MCU (SoC Real-time Control MCU)
As a member of the Component Technical Participating in the Development of the China Automotive Chip Technology Roadmap 3.0
Committee of AEC (Automotive Electronics
C o u n c i l ) N O V O S E N S E s u p p o r t s t h e Help customer to gain * Chip customization service and experience
development of automotive chip technology competitive advantage * Flexible and timely local support
Featured event NOVOSENSE participated in the development of the China Automotive Chip Cert i f ied by TüV Rhein land NOVOSENSE Excellent quality performance * Launched the first automotive chip in 2016 Technology Roadmap 3.0
upgrades ISO 26262 A SIL D certification to based on years of experience in * Products are used in most of today’s new energy vehicles
“Defined-Practiced Level” automotive mass production * VDE Premium Quality Award
Against the backdrop of the automotive industry’s
Body Electronics & Intelligent Connected/Autonomous/In- Chassis Control & Thermal Lighting Safety Management System Inverter/Powertrain
Fuel/Hybrid Battery Management
vehicle Experience Powertrain System
OBC/DCDC transition towards electrification intelligence and
* High-side & low-side * SerDes * Pressure sensor * CAN/LIN/MiniSBC * Smart ISO drive/ * Engine intake manifold * ISO digital relay * ISO & non-ISO power
switch * Class D conditioning IC interface Functional safety driver MEMS pressure sensor * Digital isolator drive low-carbon business models the Technology
* eFuse * Automotive Audio Bus * Magnetic angle sensor * ISO & non-ISO power * Digital isolator * Fuel vapor MEMS * ISO & non-ISO OP amps * Digital isolator
* Antenna/Camera load * High-side & low-side * Magnetic switch position drive * CAN/LIN/MiniSBC pressure sensor * CAN/LIN/MiniSBC * ISO & non-ISO OP amps Roadmap for Energy Saving and New Energy Vehicles
protection switch sensor * Digital isolator interface * Crankshaft ventilator interface * Magnetic current sensor
* Multichannel half-bridge * SBC * ABS wheel speed sensor * Electronic water valve * Magnetic current sensor MEMS pressure sensor * BPS battery pack * Temperature sensor
driver pre-driver * Seat air bag MEMS * Antenna combiner water pump and fan * Rotary transformer drive * Canister desorption thermal runaway MEMS * ISO current and voltage 3.0 was revised in January 2024. This edition proposes
* BDC/BLDC/Stepping
motor driver pressure sensor controller special motor drive power amplifier MEMS pressure sensor pressure sensor sensing
* General power Buck/ * Temperature & humidity * eFuse * Magnetic angle sensor * Vacuum boost servo * GPF/DPF differential * ISO power supply * Current sensing amplifier a top-level design and action plan for building a new
LDO sensor * Magnetic switch position MEMS pressure sensor pressure MEMS pressure * Hall current sensor * High-side & low-side /
* Voltage supervisor * Magnetic switch position sensor * Isolated voltage/Current sensor * Temperature & humidity Motor driver
* Magnetic switch position sensor * Multichannel half-bridge sensing * Pressure sensor sensor * CAN/LIN/MiniSBC automotive industry ecosystem by 2040 and provides
sensor * High current pre-driver driver pre-driver conditioning IC * ISO & non-ISO power interface
* Magnetic angle sensor * Digital relay * BDC/BLDC/Stepping drive * General power Buck/ innovative guidance for the high-quality sustainable
* Temperature sensor * Large screen rear light motor driver * ISO current and voltage LDO
* Digital relay driver * Pressure sensor signal sensing * Power device - SiC
* Rear light & headlight * General power Buck/ conditioning chip development of the automotive industry. Notably
driver LDO * Automotive micro &
* Ambient lighting driver * Antenna/Camera load special motor driver SoC
* Interior lighting driver protection * Power device – SiC/IGBT this is the first time that automotive chips have been
* Stepping motor driver * Voltage supervisor
included as a topic in the roadmap. As a member of
NOVOSENSE’s automotive chip business continues to grow and accounts for a rapidly increasing share of its revenue the expert group of the China Society of Automotive Engineers NOVOSENSE participated in the preparation of the
China Automotive Chip Technology Roadmap 3.0. During this process the company focused on the key directions
1 The pan energy field mainly refers to industrial applications around energy systems including various fields such as for next-generation automotive chips – such as automotive grade sensor chips and driver chips – to promote the
photovoltaic energy storage modular power supply industrial control power electronics and white electricity from power
generation to transmission distribution and finally to power consumption. development of automotive chip standards that align with industry needs.12 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 13
Feature
Enabling the Testing and Verification of Automotive Chips for High-Speed Media Transmission Participating in Validating the Testing Method for Body Domain Controllers
Featured event NOVOSENSE took part in connectivity testing and verification of automotive chips for Featured event NOVOSENSE participated in validating the testing method for body domain controllers high-speed media transmission helping drive technological innovation in the automotive electronics industry
From 2 to 6 December 2024 NOVOSENSE participated in connectivity testing and verification of automotive On 5 November 2024 as one of the drafters NOVOSENSE attended a meeting organized by the Shenzhen
chips for high-speed media transmission which was sponsored by the China Automotive Chip Standard Institute of Automation for the validation of two group standards: the Testing Method for Field Effect Transistor
Testing and Certification Alliance. A testing and verification platform was set up for the event and several key Load Capacity of Body Domain Controllers (Draft for Approval) and the Testing Procedures for General
projects were verified. Power Driving Devices of Body Domain Controllers (Draft for Approval) to help promote standardization and
innovation in the automotive industry.Certificate of the Testing Method for Field Effect Transistor Load NOVOSENES participated in the Testing Procedures for General
Capacity of Body Domain Controllers awarded to NOVOSENSE Power Driving Devices of Body Domain Controllers
NOVOSENSE participated in the launch meeting of the connectivity testing and verification of automotive chips for high-
speed media transmission
Going forward we will continue to work with industry associations and partners to explore methods for the testing
certification and standardization of relevant chips and contribute to the high-quality development of the domestic
Attending the 14th Seminar on Electric Vehicle Standards and Regulations automotive chip industry.Featured event NOVOSENSE attended the 14th Seminar on Electric Vehicle Standards and Regulations These in-depth industry exchanges have enabled us to gain a better understanding of the growing demand for green
and efficient chips in the automotive electronics sector. We are committed to ensuring that every automotive chip
From 14 to 15 August 2024 the 14th Seminar on component produced by NOVOSENSE plays a role in driving energy savings and efficiency.Electric Vehicle Standards and Regulations – hosted
by the China Automotive Standardization Institute
affiliated with China Automotive Technology and
Research Center Co. Ltd. – was held in Wuhan.Tan Yuan market manager at NOVOSENSE
attended the conference and delivered a speech
on the evolution of analog chips amid the transition
towards automotive electrification. She shared how
NOVOSENSE’s technological innovation in analog
chips is empowering automotive electrif ication.We endeavour to be a supply chain partner of choice for the automotive industry and we are committed to
helping our automotive clients leverage differentiation to improve their competitiveness and move towards a
green and sustainable electricity-driven future.14 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 15
Feature
O ur Green Chips are Empowering the Automotive Electronics Enhancing Output Efficiency for Vehicle Power Supplies
NOVOSENSE is vigorously developing its automotive electronics business and has become a leader in the industry Featured product High-performance automotive power supply chip solution
based on its outstanding technical capabilities and forward-looking strategies.Reducing Crossover Loss in Driver Systems The automotive grade NSR1143x series of 40V
synchronous step-down converters developed by
NOVOSENSE harnesses innovative technologies
Featured product Functional safety driver chip solution features variable drive capabilities to significantly improve the energy efficiency of
new energy vehicles. This chip which is micro
The NSI6931 functional safety driver chip designed by NOVOSENSE solves energy consumption and safety encapsulated (4.5mm × 3.5mm) can achieve power
problems in the main motor drive of new energy vehicles in a precise manner. It effectively reduces losses conversion efficiency of more than 82% under
when the motor runs at low speed by adjusting the driving speed in real time and accurately controls voltage light load (10mA) and 85% under heavy load (3A)
fluctuations when the motor runs at high speed to avoid overvoltage risks. With these capabilities it can significantly reducing energy loss. By integrating
reduce crossover loss in driver systems by 30%. In addition the chip’s adaptive adjustment mechanism thick copper and copper pil lar technology and
ensures that electromagnetic interference (EMI) aligns with relevant standards optimizing both energy supporting 200kHz-2.3MHz adjustable switching frequency the chip enables the miniaturization of the
efficiency and safety. This innovative solution not only improves the endurance of vehicle systems but also power module reducing material consumption and the amount of system space occupied. In addition its
promotes the efficient use of clean energy. optimized EMI performance meets industry standards helping automotive companies reduce the design cost
of electromagnetic shielding. Combining high efficiency compactness and cost-effectiveness the NSR1143x
series delivers a robust solution for sustainable vehicle power systems.Extending the Useful Life of Vehicle LEDs
Featured product Driver chip solution for vehicle LEDs
NOVOSENSE developed the NSL21912 driver chip
for intelligent vehicle taillights. The chip which is
highly efficient and low power significantly reduces
the energy consumpt ion of ta i l l ight systems
providing strong support for new energy vehicles in
reducing carbon emissions. It ensures the efficiency
and stability of lights by regulating the LED current
and voltage which can significantly reduce power
consumption compared with traditional l ighting
systems. The chip’s intelligent dimming function
automatically adjusts brightness inside the vehicle according to ambient light levels optimizing energy
efficiency while extending the useful life of LEDs and reducing electronic waste. In addition by improving
response speeds and enabling consistent brightness and evenly distributed light the chip significantly
enhances driving safety at night and in bad weather and makes brake lights and turn signals more reliable
reducing the risk of traffic accidents. The NSL21912 series boasts an innovative design that integrates energy
efficiency safety and green considerations effectively promoting the green and intelligent transformation of
the automotive industry.16 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 17
Feature
Streamlining Vehicle Integration Design Shaping the Future with Our Photovoltaic Technology and
Green Energy Products
Featured product Intelligent high-side switch solution
While developing green automotive electronic products NOVOSENSE also engages in research and development of
With precise power control and lightweight design photovoltaic solutions with the aim of promoting sustainable development in multiple fields. We harness innovative
the NOVOSENSE NSE34/35 series smart high-side technologies to contribute to the use of clean energy and facilitate the global energy transformation.switch delivers innovative solutions to advance Extending the Lifespan of Photovoltaic Modules
the automotive industry’s green transformation. It
effectively prevents unnecessary power consumption
by dynamically adjusting the load current and its Featured product Capacitive isolation gate driver lays the foundation for innovative photovoltaic solutions
switching states. For example in the case of lighting
systems l ights can be automatically adjusted Due to the strict high-voltage safety standards in
and any idle lights can be turned off according the photovoltaic industry traditional opto-coupler
to ambient light levels significantly improving the isolation is widely used across a variety of scenarios.utilization of electric energy and reducing energy consumption by vehicles. Its highly integrated design replaces However opto-coupler isolation has inherent defects
traditional fuse and complex wiring reducing the harness length by more than 30% and helping to reduce such as high energy consumption and a short
vehicle weight and extend the driving range. At the same time the chip has built-in protection mechanisms lifespan which limits the overall performance and
for overcurrent overvoltage and short circuiting and it is equipped with real-time diagnosis functions which reliability of photovoltaic systems. To address this
cut off the circuit in milliseconds under abnormal conditions effectively safeguarding against potential safety pain point NOVOSENSE has launched an innovative
hazards caused by electrical failures. With its power efficiency light weight and safety features the NSE34/35 gate driver solution based on capacitive isolation
series is accelerating the automotive industry’s transition towards low-carbon and intelligent development. technology represented by the NSI6801 and
NSI6801E series products breaking the limitations of
traditional opto-coupler solutions. This product series
Improving Fuel Efficiency features strong driver capabilities high common
mode transient immunity (CMTI) low delay and other
Featured product High-performance pressure sensor solutions technical advantages. These products have been certified under the VDE enhanced isolation safety standard
and they are being widely used in DC-AC solar inverters UPS and battery chargers and isolation DC-DC and
With the help of precise sensing technology AC-DC power supplies.NOVOSENSE’s NSPGL1 d i f ferent ia l pressure
sensors and NSPAS5N absolute pressure sensors The NSI6801 series enables photovoltaic systems to meet high-voltage safety standards while minimizing
deliver emission control optimization for modern operational and maintenance costs. These advantages help enhance system longevity and efficiency driving
vehicles. NSPGL1 is specially designed to monitor the industry toward greater sustainability. With this technological breakthrough we have injected new
fuel vapor pressure and detect crankcase ventilation momentum into the green energy transformation of the photovoltaic industry.leaks. It realizes ± 2.5% F.S. high accuracy across
a wide temperature range of -40℃ to 130℃
effectively helps carmakers meet Phase VI emission Moving forward NOVOSENSE will continue to leverage technological innovation green products and open
standards and reduces pollutant emissions from ecosystems to help customers achieve sustainable development. We will work closely with our industry peers to
fuel evaporation. Meanwhile NSPAS5N is designed for exhaust gas treatment systems. With its corrosion fulfill the green vision of the semiconductor industry.resistant design and ability to respond within sub milliseconds this sensor accurately detects the pressure of
intake manifolds within a pressure range of 10kPa-400kPa optimizes combustion efficiency and improves fuel
economy by 8%. By engaging in real-time data-based closed-loop control the two sensors work together to
reduce emissions of NOx and other harmful substances in exhaust gas providing reliable technical support for
automotive enterprises to meet increasingly stringent environmental regulations.18 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 19
Devising Effective Strategies and Safeguarding Sustainable Development
Compliance Governance
Corporate Governance and Compliance
Corporate Governance
NOVOSENSE is committed to enhancing modern corporate governance and continuously improving management
standards. The company has established a comprehensive governance framework that clearly delineates the
authority and accountability of all key stakeholders including the General Meeting of Shareholders Board of
Directors (with its specialized committees) Board of Supervisors executive management and operational
departments. Each functional department has a clear division of labor and cooperates to ensure that the General
Meeting of Shareholders the Board of Directors and the Board of Supervisors can effectively exercise their decision-
making power executive power and supervisory power respectively. By implementing a rigorous balanced and
efficient governance framework the company has achieved operational stability and sustainable growth.In 2024 NOVOSENSE convene meetings as follows:
General Meeting of Board of Directors: Audit Committee: Strategy Committee:
Shareholders: 2 meetings 7 meetings 6 meetings 4 meetings
and 13 proposals and 39 proposals 22 proposals reviewed 5 proposals reviewed
reviewed reviewed
Nomination Committee: The attendance ratio of and the number of board Board of Supervisors:
1 meeting board members was members who attended at 7 meetings
1 least 75% proposal reviewed 100% proposals reviewed
of the meetings was 9 24
Devising Effective Strategies and Compensation and Appraisal Committee: 2 meetings5 proposals reviewed
Safeguarding Sustainable Development
Our Actions:
As at the end of the reporting period NOVOSENSE had 9 directors (including 3 independent directors) including
1 female member (accounting for 11.11% of total members) and 8 male members; and 3 supervisors (including 1
Effective corporate governance is a critical Operate with integrity abide by business ethics and organize
top-level design for achieving sustainable 01 business ethics training for all employees at least once a year employee supervisor) including 2 female members (accounting for 66.67% of total members) and 1 male member.development contributing to our long-
term development and everlasting success. Continuously promote gender diversity and support the development Female Female
NOVOSENSE actively responds to the 02 of women in STEM (science technology engineering mathematics)
United Nations Sustainable Development fields 11.11% 66.67%
Goals 5 12 and 16 continuously improves 03 Conduct stakeholder communication surveyscorporate governance and empowers Board of Board of
corporate sustainable development with Directors SupervisorsMale Male
ESG.
88.89% 33.33%20 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 21
Devising Effective Strategies and Safeguarding Sustainable Development
Information Disclosure Internal Control and Compliance Management
NOVOSENSE diligently adheres to the stipulations outlined in the Administrative Compliance is the bottom line for NOVOSENSE's operations. We have incorporated compliance management into
Measures for Information Disclosure of Listed Companies alongside other relevant our strategic planning continuously building and improving our compliance risk control mechanisms and internal
laws and regulations. We have formulated and implemented a comprehensive compliance governance systems. We aim to foster a company-wide awareness of compliance management and
Information Disclosure Management Mechanism meticulously organizing the enhance our risk management capabilities to ensure the healthy development of the company.information disclosure process. Additionally we have compiled the Information In 2024 the company
Disclosure Manual for Securities Affairs of the company facilitating effective prepared and disclosed The Internal Audit Department under the company's Audit Committee operates with full independence and
management and execution of information disclosure responsibilities. Upholding 4 objectivity unimpeded by external influence from other departments or individuals. In 2024 the company carried out the principles of truthfulness accuracy completeness timeliness and fairness periodic reports a comprehensive compliance and risk assessment which included an in-depth analysis of anti-unfair competition
we ensure prompt disclosure of information that may significantly influence the issues anti-commercial bribery issues and other fields. In response to the identified risks we executed targeted
company’s operations safeguarding investors’ right to pertinent information. issued 104 other remediation measures with defined timelines to ensure robust implementation.information disclosure
While formulating a sound and effective information disclosure mechanism the documents
company comprehensively regulates the behavior of insiders and information Responsibilities of Functions Related to Internal Control and Compliance Management
reporting procedures. We rigorously enforce the transmission review and disclosure processes for undisclosed
information while heightening the awareness of insider information confidentiality and registration among relevant Board of Directors:
personnel. These measures are implemented to eradicate instances of insider trading.Responsible for establishing maintaining
Investor Relations Management and ensuring the effective implementation
of internal controls within the company
NOVOSENSE focuses on establishing a long-term and stable good relationship with investors actively carries out
investor management based on the principles of compliance equality initiative honesty and trustworthiness and Board of Supervisors:
formulates the Investor Relations Management System in accordance with the Guidelines for Investor Relations Responsible for overseeing the establishment
Management of Listed Companies. We improve the level of investor relations management build a two-way and implementation of internal controls by
communication platform with investors and promptly convey relevant information on business management and the Board of Directors
major decisions to investors thereby enhancing investors’ understanding and recognition of the company.The company continues to improve its communication mechanism with investors and strengthen its investor relations Management Team:
management. Through diverse communication channels such as shareholders’ meetings SSE e-interactive platform
investor consultation hotlines reception of institutional surveys participation in brokerage strategy meetings and Responsible for implementing and ensuring
performance briefings the company maintains active communication with investors and potential investors answers the effective operation of internal control
investors’ questions listens to investors’ opinions and suggestions and provides reference information for the Audit Committee: activities during daily operations
company’s decision-making based on its actual operation. Reviews and supervises the effective
implementat ion of interna l contro ls
conducts internal control self-assessments
Received 160+ Issued 12 pieces of investor Answered coordinates internal control audits and Risk Control Department:
institutional surveys relations activity minutes every reports to the Board of Directors on the investor calls effectiveness of internal control systems Organizes the construction implementation
day and management of the internal control
system; guides the company in conducting
internal control management; supervises
the effectiveness of internal controls; and
400 and responded to questions organizes corrective actions for identified More than institutions attended the online performance on the SSE e-interactive internal control deficiencies
briefings for the interim and third quarter reports
platform 38 times22 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 23
Devising Effective Strategies and Safeguarding Sustainable Development
Business Ethics The company has deeply integrated compliance and internal control requirements into daily operations. The
company consistently integrates compliance and internal control requirements into daily operations through
Anti-Fraud and Anti-Bribery systematic process and mechanism design ensuring all employees uphold the principles of integrity and self-
discipline in their work thereby collectively safeguarding the corporate integrity culture. For example we have
NOVOSENSE upholds the highest standards of integrity embedded risk assessment controls in our procurement and reimbursement system workflows to identify potential
and business ethics maintaining a strict "zero tolerance" compliance risks and thereby enhance our compliance risk management.policy against bribery and corruption. We hold ourselves
accountable for all business activities and are dedicated NOVOSENSE is committed to ensuring integrity and transparency in business processes. We actively cooperate with
to fostering a transparent and ethical corporate culture customers to sign integrity agreements or commitments and require all distributors and key suppliers to sign the
ensuring full compliance with laws regulations and ethical Code of Business Conduct for Business Partners of Suzhou Novosense Microelectronics Co. Ltd.standards. We have integrated a comprehensive integrity
management framework into daily practices establishing To better manage conflicts of interest and ensure operational standardization we revised our Conflict of Interest
an industry-leading governance system. To reinforce this Policy effective April 1 2024 so as to prevent potential relationships or tunnelling from harming the interests of the
commitment: we have established a robust oversight NOVOSENSE’s Management Commitment on Anti- company and its shareholders.mechanisms with multi-channel whistleblowing system Corruption and Anti-Commercial Bribery
ensures unimpeded reporting and accountability. We also
have strengthened training and promotion such as anti-corruption training and mandatory business ethics programs We have established a multi-channel whistleblowing platform:
to embed integrity into corporate culture.Reporting Platform: The reporting portal on Feishu
The company strictly abides by relevant national and local policies laws and regulations on integrity self-discipline
and business ethics and we have formulated a series of rules and regulations such as the Anti-Commercial Bribery Email: complaint@novosns.com
Management and Operations Mechanism the Anti-Commercial Bribery Code of Conduct Whistleblowing Policy and
Procedure and the Anti-Commercial Bribery FAQs.Address: Internal Audit Department Suzhou Novosense Microelectronics Co. Ltd.NOVOSENSE has joined the China Enterprise Anti-Fraud Alliance and the Trust and Integrity Enterprise Alliance No. 9 Dongdangtian Lane Suzhou Industrial Park
with a view to strengthening its commitment and practices in anti-corruption and integrity management. Through
these efforts we are not only ensuring the company’s compliant operations but also actively cultivating a culture of Tel: +86-512-6260-1802 (ext. 812)
integrity in the industry.Postal Code: 215100
We have incorporated the Code of Ethics and Business Conduct into both new employee onboarding and annual
training programs. These cover ethical compliance anti-corruption IP protection and supplier integrity collaboration
to strengthen all NOVOSENSE employees’ awareness and understanding. During the reporting period we held eight
online and offline training sessions related to ethics including one annual business ethics training session for all
employees and seven compliance and anti-commercial bribery training sessions for new employees.NOVOSENSE has joined the China NOVOSENSE is a member of the
Enterprise Anti-Fraud Alliance as a member Trust and Integrity Enterprise Alliance24 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 25
Devising Effective Strategies and Safeguarding Sustainable Development
Anti-Commercial Bribery Compliance Anti-Monopoly and Anti-Unfair Competition
The company has formulated and implemented internal policies such as the Anti-Monopoly Compliance Management
Measures and Anti-Monopoly Compliance Manual to standardise relevant processes.Based on various internal and external factors NOVOSENSE is gradually improving its anti-bribery
compliance management
In 2024 we updated the Anti-Unfair Competition Management Policy the Code of Business Conduct for Business
Partners and other policies and clarified the requirements for employee conduct in the latest Employee Manual so
Anti-commercial as to improve the company’s compliance management enhance employees’ awareness of unfair competition and
Internal needs bribery development External needs effectively prevent related risks.* Rising business volume Cultivate a clean and integrity- or iented company image * Business partners have * Shift in the focus of high requirements on anti-
business development Conduct business in compliance commercial bribery
from speed to quality with laws and regulations and avoid regulatory punishments * Requirements of regulators* C larification of Cooperate with business * The need to maintain the behavioral boundaries partners company’s image and reputation In 2024 NOVOSENSE encountered no
violations related to anti-monopoly or unfair
competition laws and regulations.What is commercial bribery
What is commercial bribery？
Offering promising to offer giving receiving or soliciting undue advantages (monetary or
not) of any value to induce or reward any individual’s acts by taking advantage of his or
her position or omission of such acts whether direct or indirect and regardless of the
place in a manner that violates applicable laws and regulations.Transparent Tax Payment
Tax payment in good faith and in accordance with the law is the best embodiment of corporate credit. We strictly
In 2024 NOVOSENSE received no reports nor identified any cases involving bribery fraud abide by relevant tax laws and regulations such as the Regulations of the People’s Republic of China on the
or other violations of business ethics such as commercial bribery or embezzlement. Implementation of the Enterprise Income Tax Law and the Announcement on the Relevant Policies for Deepening
Value-Added Tax Reform actively cooperate with the implementation of government tax policies pay taxes to local
governments in accordance with the law and make due contributions to economic development.In 2024 NOVOSENSE encountered no violations related to In order to effectively manage tax risk we conduct regular and ad-hoc tax assessments and disclose tax information
anti-monopoly or unfair competition laws and regulations. in accordance with laws. The company strictly prohibits all forms of tax evasion and ensures the legitimacy and
transparency of all tax activities.In 2024 NOVOSENSE did not violate any laws or regulations related to
anti-monopoly and anti-unfair competition.26 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 27
Devising Effective Strategies and Safeguarding Sustainable Development
ESG Governance ESG Goals
With the support of management each department also sets systematic long-term goals reviews their achievement
annually and proposes more specific implementation goals for the following year. Some of the goals are as follows:
ESG Governance Structure
The company has established a sound ESG governance structure and set up a Strategy and ESG Management Committee
in the Board of Directors to oversee its ESG agenda. The committee’s main responsibilities include: Continue to build cultural values to help the company gain cultural drive and employee
recognition for ESG
Research and advise on the company’s long-term development strategy and major investment decisions; Make targeted continuous improvement based on employee satisfaction surveys
Continue to build systematic talent development programs and channels
Deliberate on the company’s strategic plans related to sustainable development and ESG and supervise Integrate corporate knowledge resources and build a knowledge-based organization
the implementation of related work; Human Resources and
Administration Center
Pay attention to ESG-related risks and opportunities that may have a significant impact on the company’s
business and put forward corresponding suggestions;
Review the company’s annual ESG report.Be responsible for publicity and implementation of anti-commercial bribery including 1
training for all employees 1 training for suppliers and 1 training for senior management
In addition the company’s senior management is responsible for decision-making and monitoring related to the
each year
plans and actual results of the company’s sustainable development management to support the supervision of the
Implement the anti-commercial bribery compliance management process
Strategy and ESG Management Committee. Meanwhile all departments branches and subsidiaries collaborate in
promoting blueprint planning and operations concerning sustainability management. This includes studying relevant
Board Secretary Office
policies refining internal systems establishing robust protocols conducting ESG practices and gathering and
assessing data. We actively solicit opinions and suggestions disseminate communicate and implement specific
measures and feedback on environmental and social governance to all departments branches and subsidiaries. In
doing so we provide a strong organizational framework to support the advancement of the company’s sustainable
100% coverage of safety training
development efforts.
100% coverage of safety inspection
0 safety and environmental accidents throughout the year
Ensure capital investment for production safety
Board of Directors
Enhance cooperation with car use platforms and use new energy vehicle services to
Supervise continuously reduce carbon emissions
Strategy and ESG Management Committee Operation Office
Planning &
Execution Board Human Technical Business Brand and
Secretary Operation Quality Resources and Innovation Process & IT Finance Marketing
Office Office Office Administration Center Communication Center Center Center Center
Senior management’s remuneration is linked to various ESG performance indicators including customer satisfaction
invention patents the IP system technology platform construction R&D capacity building supply chain system
construction and organizational capacity building to ensure that they are committed to the long-term and
sustainable development of the company.28 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 29
Devising Effective Strategies and Safeguarding Sustainable Development
Communication with Stakeholders Analysis of Material Issues
NOVOSENSE regards stakeholder communication as the cornerstone of sustainable development. By establishing a We attach importance to the identification and management of ESG issues. Based on the characteristics of the
diversified and targeted multi-channel communication and feedback mechanism NOVOSENSE collects and identifies industry and the actual needs of the company’s operation management we identified assessed and screened
the demands of various stakeholders incorporates their ESG concerns into the company’s strategic decisions important sustainability issues systematically. In 2024 we updated the ESG material issues library.and deepens the participation of various stakeholders in ESG management so as to enhance the company’s
sustainability performance in a targeted manner and effectively respond to the expectations of various stakeholders. In order to ensure that the issues are comprehensive and pertinent we conducted interviews and questionnaire
surveys to collect feedback from internal and external stakeholders. Based on the results of our research we
Communication methods and
Stakeholder category Issues of concern the company’s responses Countermeasures developed the material issues matrix set out in this report.Product quality Leader interviews Conduct roundtables and townhall
management Job evaluation meetings
Product R&D and Symposiums Conduct annual employee
technology innovation satisfaction surveys
Company employees Occupational health and Organize diverse employee training
safety programs Critical Issue Analysis Process:
Information security and Daily communication Adopt TQRDCESS
privacy protection Special meetings management dimensions
Business ethics Supplier exchange Conduct annual audits on key
Suppliers Supply chain meetings suppliers
managementCustomer rights Daily operation Formulate the “Robust &protection communication Reliable” quality policy to
Product quality Professional service team/ ensure quality
management sales team Conduct customer satisfaction
Customers Product R&D and Customer talks surveys
technology innovation Establish a sound complaint
handling mechanism
Information security and Release information to the Conduct training on information
privacy protection public media security business ethics etc. Issue identification Issue assessment Matrix generation
Business ethics Organize media meetings Participate in interviews talks
Media Product R&D and Accept media interviews and other media activities We made extensive We prepared the We ranked and analyzed
technology innovation reference to industry NOVOSENSE the material issues
Economic performance Performance roadshows/ Conduct investor exchanges leading practices and Stakeholder Survey from the dimensions of
Product R&D and briefings meetings roadshows etc. industry hotspots Questionnaire 2024 “financial materiality”
technology innovation Investor research and Regularly publish
Product quality communication announcements and disclose combined feedback invited internal and and “impact materiality”
Investors or shareholders management Information disclosure information truthfully from stakeholders external stakeholders to and then identify
accurately and completely and external experts fill out the questionnaire issues with financial
Clean energy and Industry association Strengthen strategic and studied domestic online and analyzed the materiality based
renewable energy use activities cooperation and international questionnaire results on the company’s
Resource and Daily communication Conduct experience exchange
energy consumption Information disclosure Adhere to technology sustainability standards to respectively obtain actual situation and
Industry associations management innovation etc. and ESG rating the financial materiality relevant sustainability
Product R&D and indicators in the capital and impact materiality standards at home and
technology innovation market to identify scores of the 19 issues. abroad and truthfully
Risk control On-site inspection Conduct daily communication material issues reflecting disclose the company’s
Resource and Project approval and reporting the company’s impact performance on these
energy consumption Work report/meeting Accept supervision and
issues.Government or management discussion assessment on society environment
supervisory authorities Product R&D and Strengthen operational and governance.technology innovation compliance management
Non-profit charity Cultural exchange Take an active part in community
Employee care and Information disclosure charity activities
rights Carry out multi-party cooperation to
Non-profit or community Response to climate promote local employment
organizations change
During the reporting period in addition to regular daily communication we carried out various stakeholder
communication activities such as supplier conferences and media summits to enhance communication with
stakeholders.30 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 31
Devising Effective Strategies and Safeguarding Sustainable Development
The matrix categorized the materiality of issues into four tiers based on their importance to stakeholders and to
business management as follows: Information Security
2 3 6 9 10 12 Information and Privacy Security
78513
We are committed to effectively protecting trade secrets and personal information of customers and employees and
11 16 17 strive to ensure information security in business activities. We strictly comply with the Cybersecurity Law the Data
18 19 Security Law and other laws and regulations of the places where we operate.
To mitigate risks related to information security we have taken the following steps:
1414
Environmental (E)
15
Social (S) Placed the User Agreement
( in Chinese and Engl ish) on
Governance (G) the company’s official website Material Very Material
to ensure that user consent
Financial Materiality
has been obtained prior to the
In the future we will continue to pay collection of personal information Issue Issue Issue Financial Impact
attention to feedback from various No. Category Materiality Materiality and that the information collected
stakeholders and update the issue 1 E Discharge of pollutants i s accura te comple te and
library and plan to expand the 2 E Disposal of waste ? comprehensive;
Environmental compliance
survey scale based on the original 3 E management ?
stakeholders participating in material 4 E Response to climate change
issue assessment when conditions are 5 E Opportunities in clean technology ?
ripe. Our aim is to better understand 6 E Energy utilization ?
the demands of various stakeholders 7 E Water usage ?
Revised the Personal Information Protection
thereby supporting the adjustment 8 E Circular economy ?
9 S Employees Policy and attached the Personal Information of business management strategies ? ? Suzhou Novosense
10 S Supply chain security Impact Assessment Operations Guide clarified and the deepening of sustainable ? ? Microelectronics Co. Ltd.
11 S Data security and client privacy ? the person responsible for personal information development efforts.
Safety and quality of products and protection specified the internal requirements 12 S services ? ? for the use of customers’ personal information Personal Information Protection Policy
13 S Innovation-driven ? ? established purpose-based use limits and set
14 S Rural revitalization appropriate access rights established a deletion
15 S Contribution to the community mechanism for personal information to minimize
16 G Due diligence ? the storage time for personal information and
17 G Anti-commercial bribery and anti-corruption ? deleted or anonymized personal information that
18 G Anti-unfair competition ? exceeded the time limit;
19 G Communication with stakeholders ?
Very Material
Impact Materiality32 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 33
Devising Effective Strategies and Safeguarding Sustainable Development
We have also released the Confidentiality Policy and the Detailed Rules for the Implementation of the Confidentiality
Policy which specify relevant requirements related to the information classification system encryption system and
Revised the Code of Business
review and approval system:
Conduct for Business Partners
(in Chinese and English) and
a d d e d c o n t e n t r e l a t e d t o
compliance with relevant laws
and regulations on personal
information protection;
The company uses When an employee As part of the In the future the
the encryption system uses a company employee departure information security
to encrypt all internal computer all process we examine department will
sensitive information documents must the outgoing file log deploy a new
and prevent data be marked with a of the employee; encryption system
leakage. The outward confidentiality level and if any anomalies that will issue email
transmission of with “Confidential” are identified the alerts for any data
sensitive information being the lowest level; employee’s superior leakage events.Discussed formulated and adopted the Employee requires the approval and HR are notified so
Manual through democratic procedures. The of the superior; that further action can
manual which has been signed by all staff be taken;
specifies confidentiality requirements and IT
management requirements including account
and password protection data and documents
We also regularly hold information security-related trainings for all employees to improve their awareness of
protection network security protection customer
information security and privacy protection. During the reporting period the company held one information security
privacy protection security incident reporting and
awareness training session and one phishing email drill covering all employees.security training;
In 2024 no information leakage incidents occurred at NOVOSENSE.Information Security Certification
Employees are required to sign the Confidentiality In November 2024 NOVOSENSE successfully obtained the Trusted
Commitment as part of the onboarding process. Information Security Assessment Exchange (TISAX) AL3 certification
The commitment defines the scope of the label marking a significant milestone in the company’s information
company’s trade secrets including documents security protection efforts.materials meeting minutes letters plans and
computer software owned by the company
materials of the company’s existing and potential
business partners and customer prof i les
customer informat ion customer l is ts and
customer contact information including in respect
of both the company’s existing and potential
customers. It also defines the confidentiality
obligations and liabilities for breaches which are
binding on all employees.34 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 35
Putting People First and Supporting Employee Growth
Our Employees
Employee Data
As at the end of the reporting period
NOVOSENSE had a total of 11722 employees as follows:
20242023
Gender Female 402 Male 770 Female 306 Male 553
34.30%65.70%35.62%64.38%
2024
<3040230-4060840-50158>504
34.30%51.88%13.48%0.34%
Age
2023
Putting People First and <30 359 30-40 419 40-50 80 >50 1
41.79%48.78%9.31%0.12%
Supporting Employee Growth
Our Actions:
NOVOSENSE adheres to the people- Emphasize employee diversity and ensure that every employee is
oriented philosophy actively responds 01 treated equally
t o t h e U n i t e d N a t i o n s S u s t a i n a b l e
Development Goals 3 4 5 8 and 10 Continuously optimize the compensation and benefits system to maintain
and recruits and retains employees by 02 industry competitiveness and attract and retain outstanding talent
providing a safe and comfortable working Conduct annual employee engagement and satisfaction surveys and
environment and creating a career platform 03 take targeted measures to improve areas in need of enhancement fo r shared growth for company and thereby continuously increasing employee satisfaction
employees.
04 Offer various training programs to help employees continuously
improve their skills and abilities and support their career development
2 In 2024 we completed the acquisition of MagnTek and employee data from MagnTek has been included in this report
Set an annual “zero-accident” goal to comprehensively ensure the resulting in the significant increase in the number of employees.
05 occupational health and safety of employees36 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 37
Putting People First and Supporting Employee Growth
Employee Recruitment
2024 2023 We align our recruitment process and personnel selection criteria with the annual staffing structure and each
Location Rest of the world 17 China 1155 Rest of the world 7 China 852
department’s hiring plans ensuring consistency and transparency.
1.45% 98.55% 0.81% 99.19% In line with the company’s strategy for expanding overseas during the reporting period we conducted international
recruitment in multiple countries successfully hiring employees in Japan South Korea Germany France Italy and
the United States. We believe that by recruiting professionals from diverse backgrounds we can introduce varied
perspectives and ideas to the company enhance team creativity and deliver a better performance.In 2024 30% of new hires joined the company through employee referrals. By offering competitive compensation
packages and broad career development opportunities we not only improve satisfaction among existing employees
2024 2023 but are also able to attract outstanding professionals through internal referrals. Moreover in 2024 23% of new hires
Employment Non-R&D personnel 612 R&D personnel 560 Non-R&D personnel 435 R&D personnel 424 were sourced from campus recruitment reflecting our appeal among universities and our emphasis on nurturing
Type young professionals.
52.22%47.78%50.64%49.36%
Employee Exit
We uphold the legal rights and interests of former employees during the resignation process ensuring all steps are
lawful and compliant. Furthermore we maintain an open attitude towards rehiring former employees and make sure
that they know they are welcome to rejoin NOVOSENSE in the future.
2024
Doctor’s degree 19 Master’s Degree 458 Bachelor’s Degree 505 Others 190 In 2024 the voluntary turnover rate of NOVOSENSE employees was 11.42% which is lower than the industry
1.62% 39.08% 43.09 average.% 16.21%
Education 2024 2023
2023
Doctor’s degree 10 Master’s Degree 340 Bachelor’s Degree 371 Others 138 By region
1.16% 39.58% 43.19% 16.07% China 9.96% 9.04%
Rest of the world 5.88% 0.26%
By age
In 2024 we provided 16 internship opportunities for R&D and some functions to help interns transit from campus <40 9.80% 7.73%
to workplace.>40 10.49% 1.57%38 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 39
Putting People First and Supporting Employee Growth
Employees’ Rights and Interests Comprehensive Performance Management
NOVOSENSE has comprehensive performance management by a four-step PDCA cycle: setting clear goals
Protecting Employees’ Rights and Interests providing coaching and feedback conducting thorough performance appraisals and applying the results. We rolled
out a leadership program equipping managers with performance management tools and sharing practical outcomes.NOVOSENSE upholds a people-centric approach safeguarding the rights and interests of employees and fostering During the performance appraisal process we conduct thorough communication and an unbiased evaluation of
a conducive work culture. We adhere strictly to the Labor Law of the People’s Republic of China the Labor Contract employees’ overall performance for the current year. To guarantee fair dialogue the company organizes dedicated
Law and other pertinent legal frameworks in our operating regions ensuring a safe and healthy working environment. sessions for performance communication and guidance prior to the annual review specifically tailored for managers
We have established robust recruitment and compensation scheme respecting the rights and interests of each and employees. In order to ensure fair evaluation we ensure the relative fairness and objectivity of evaluation
employee and offering competitive compensation and benefits packages. Through our actions we earn the trust and through layer-by-layer evaluation and coordination among employees managers executives and CEO. If employees
support of our employees fostering harmonious and stable employee relations. have objections to performance results they can file an appeal through reasonable channels and the Human
Resources and Administration Center will take the lead in communication and feedback.We have also received external recognition in talent management:
Compensation and Benefits
In accordance with national laws and regulations as well as local requirements in regions where we operate we
have established the Compensation Management System. We foster harmonious and stable labor relations by
offering comprehensive benefits that complement the statutory entitlements. In 2024 we continued to enhance our
benefits package to boost employee satisfaction including upgrading supplementary commercial insurance coverage
for employees and their children providing comprehensive medical coverage for employees’ daily healthcare needs
and offering comprehensive medical check-up packages for employees and their families. Additionally we offer
generous supplementary annual leave in addition to the statutory annual leave mandated by the Labor Law.
2024 GHR Human Resources Industry 2024 Excellence in Strategic Talent
Awards: Annual HR Leading Practices Award Development and Leadership Cultivation Award
Human-centric Management
NOVOSENSE embraces a human-centric management approach that harmonizes standard and flexible working hours.Under the standard working hours framework employees have the flexibility to adjust their schedules with the approval
Prohibition of Child Labor and of their immediate supervisors. Additionally we offer remote VPN solution to facilitate employees’ work remotely or from Employment Contract Signing Forced Labor home thereby improving work efficiency and quality of life.We adhere strictly to the Labor Contract Law of the The company strictly abides by the Regulations on
People’s Republic of China and all relevant legislations. the Prohibition of Child Labor and other applicable
We ensure that 100% of our employees are provided Labor Union Activitiesregulations of the People’s Republic of China. We
with labor or service contracts that comply with steadfastly uphold the principle of not employing
regulatory standards explicitly stating their positions individuals under 18 years of age. Should any instance NOVOSENSE actively listens to employee feedback and is committed to safeguarding employee rights while
working hours labor protections and compensation of child labor misuse be discovered the labor contract driving sustainable corporate development. To this end we have established a labor union with 100% employee
details. We are fully committed to protecting the legal will be promptly terminated. If any child labor is found membership.rights and interests of every employee. to be misused the labor contract will be terminated
immediately. Furthermore we ensure that employees Through the union the company ensures employee voices are heard and we promote initiatives that enhance
receive appropriate protections and benefits and our people’s welfare and professional growth. The labor union regularly organizes team-building activities cultural
we prohibit the employment of individuals lacking celebrations and health programs among other initiatives with the goal of enriching employees’ work-life experience
the necessary work abilities or conditions as well and boosting their job satisfaction and sense of belonging.as the use of forced or compulsory labor. We have
implemented robust systems and mechanisms to
oversee employees’ hir ing training and working
conditions including regular inspections compliance
reporting and complaint channels. These initiatives aim
to guarantee that all employees are treated with respect
and fairness in the workplace.40 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 41
Putting People First and Supporting Employee Growth
Employee Communication Employee Shareholding
To communicate with employees we have built seamless communication channels through diversified engagement NOVOSENSE has fully implemented employee shareholding plans to motivate staff and align their personal growth
activities enabling us to gain a timely understanding of employee needs while strengthening cohesion. with the company’s corporate development goals. Prior to the company’s IPO we set up three employee stock
ownership plans: NOVOSENSE No. 1 NOVOSENSE No. 2 and NOVOSENSE No. 3 enabling our people to directly
participate in the company’s growth. After listing the company launched two equity incentive plans to further align
employee and corporate interests. These initiatives have engendered greater enthusiasm and creativity among
employees while fostering shared growth.* Frequency: Regular sessions every 1-2 months.Roundtables: * Format and content: These interactions enhance transparency and foster In 2024 our employee shareholding was as follows:
mutual understanding and support between management and employees.Since the company’s listing in 2022 2 employee restricted voting
* Frequency: Regular sessions approximately every half year. incentives have been implemented
* Format and content: At these sessions we share industry trends business
Townhall updates and departmental achievements and reinforce the values of our
meetings: corporate culture to align all employees with the company’s vision and
mission. We also address common employee concerns to ensure we respond
to any issues in a timely manner.granting shares to employees;
Employee Engagement and Satisfaction Survey A total of 8 million representing 5.61% 507 person/times on a restricted voting shares of the total share capital have been granted
Every December we conduct a comprehensive employee engagement and satisfaction survey to gauge our staff’s cumulative basis
overall perception of the company engagement levels and satisfaction with various aspects such as the work
environment compensation growth opportunities and promotions. Additionally this survey serves as a platform for
employees to voice their ideas and suggestions.Survey results are disclosed across the company in the following year to ensure that all employees understand our
overall engagement and satisfaction levels as well as improvement plans.During the reporting period proposals regarding employee shareholding and stock authorization matters:
2024 Employee Satisfaction Survey Results
In the 2024 employee engagement and satisfaction survey employees participated
On 14 October 2024 the company completed the first vesting phase of the 2023 Restricted
enthusiastically (90.6% of active employees participated in the survey).In this all-employee survey we used the engagement dimensions (contribution achievement Share Incentive Plan finalizing the vesting registration of 1468688 shares for
vitality loyalty identification and satisfaction) to understand employees’ attitudes toward
the organization and work and used the satisfaction dimensions (good leadership good
direction good work good culture and good return) to identify the factors that drive employee 276 grantees.engagement located problems and understood the root causes. The survey result showed
an engagement score of 89.67 and a satisfaction score of 88.83. With the
collaboration of heads from various departments we formulated targeted improvement initiatives
and periodic review plans to ensure continuous progress.42 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 43
Putting People First and Supporting Employee Growth
Employee Activities
NOVOSENSE offers competitive compensation and benefits and we also organize wellness activities to enhance Staying Cool in Summer
company unity and boost employees’ job satisfaction.In July 2024 the labor union
provided all employees with
summer cooling kits which included
refreshing tea sunscreen and other
essentials to help them beat the
heat stay energized and maintain
Monthly Afternoon Tea their productivity.In 2024 we organized monthly
afternoon tea activities in our
Suzhou Shanghai and Shenzhen
offices. These events provided
employees with opportunities to
relax and socialize supporting
team cohesion.Relocation Ceremonies for the
Suzhou Shanghai and Shenzhen Offices
To accommodate the steady growth
of our teams in Suzhou Shanghai
and Shenzhen we relocated our
offices between September and
October 2024 and held relocation
ceremonies. The new offices not only
boosted our people’s productivity but
also offered a more comfortable work
environment for them.International Women’s Day Christmas Events
Biscuit/Cake DIY Event
To celebrate Christmas we
On 8 March 2024 International prepared gifts for everyone in our
Women’s Day we organized DIY offices around the country creating
events for female colleagues in our a warm holiday atmosphere and
offices in Suzhou Shanghai and ensuring that each employee felt
Shenzhen where they enjoyed the company’s warmth and care.making biscuits and cakes.Meanwhile we prepared gifts for
female colleagues in other offices
to show that we care and extend
our best wishes to them.44 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 45
Putting People First and Supporting Employee Growth
Featured event The Chengdu office hosted an outdoor activity Training and Career Development
In May 2024 the Chengdu office organized a hiking trip for its employees at Heming Mountain in Dayi County. The
outdoor activity provided a great opportunity for employees to strengthen their physical health; and in the course
of overcoming the challenges posed by nature they revitalized their team spirit and improved their communication Employee Training
and collaboration skills. The eco-workshop mechanism designed by the labor union represents an innovative model To ensure employees’ access to abundant learning opportunities and foster the continuous enhancement of their
that successfully combines natural settings with our effort to improve organizational effectiveness. skills the company orchestrates a myriad of rich and diverse learning activities. We promote the preservation and
sharing of internal knowledge and experience and we also take various measures to support the professional needs
of our business departments.To fortify the development of its talent training system the company categorizes courses into general and
professional tracks ensuring comprehensive coverage for all employees through a blend of offline and online
models. Our training program focuses on three key areas – professional skills leadership development and general
competencies – and covers all employees. This approach empowers employees to autonomously select and enroll
in courses tailored to their individual developmental stages and business requirements.To identify and develop internal trainers the company invites knowledgeable and experienced colleagues to share
their expertise. This approach helps transform tacit knowledge into explicit knowledge and organizes existing explicit
knowledge driving the development of a robust knowledge management system. In this way we strive to continually
enhance knowledge-sharing mechanisms and cultivate an organization that effectively promotes learning. At the
same time we have established internal trainers and internal knowledge sharing management systems to build a
more positive and open sharing culture.On each festive occasion we prepare gifts for our employees and their families to show our care and appreciation
with a view to ensuring that every employee feels the warmth and support of the company. aims to enable the company to better extract and disseminate the professional knowledge of
The internal the members of the organization enhance the knowledge value of the organization put into
trainer practice the cultural value of “Keep Learning” and provide employees with more opportunities
management for self-cultivation and development so as to achieve win-win results for the company and
system employees. In 2024 the number of company-level certified internal trainers increased to more
than 60 and the internal training provided covered nearly 1025 people.The internal aims to promote the accumulation sharing and dissemination of knowledge and experience
knowledge
Dragon Boat sharing within the company stimulate the enthusiasm and passion of employees to actively share
Festival management realize the integration of internal resources and the improvement of human efficiency creating
system a better learning-oriented organizational atmosphere and establish incentive systems.During the reporting period NOVOSENSE invested nearly CNY 4 million in employee training holding
151 sessions with approximately 5700 participants and achieving 100% employee
coverage. These efforts significantly enhanced employees’ professional skills and capabilities boosting the
company’s overall competitiveness.Children’s Day
20242023
Percentage of Average training Percentage of Average training
employees trained duration/hours employees trained duration/hours
By gender
Male employees 100% 28 100% 22
Female employees 100% 29 100% 21.6
By job grade
Senior management 100% 24 100% 55.7
Mid-Autumn
Festival Middle management 100% 36 100% 48
Other employees 100% 27 100% 21.846 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 47
Putting People First and Supporting Employee Growth
Career Paths and Specialized Training for Employees Occupational Health and Safety
Based on the company’s business development needs and each employee’s own plan we customize career NOVOSENSE’s philosophy of safety is “Life Above All” and we consider it a fundamental responsibility to ensure
development paths for our employees. The company offers three main career development paths: the professional a safe working environment for our employees. We further consolidate the foundation of production safety by
track the management track and the lateral rotation track. improving the system of production safety and increasing the investment in production safety. We strive to create a
safe and healthy working environment maintain the safety of every working environment and try our best to avoid
Career development paths: any hazardous factors that lead to or may lead to physical harm to employees.Professional track Management track Lateral rotation track In 2024 we invested approximately CNY 512200 in production safety and had no safety violations and no work-
For employees who wish to specialize For employees who aspire to For employees who aim to broaden related injuries or occupational diseases. This achievement reflects the effective measures the company has taken
in a technical field NOVOSENSE move into management roles their career horizons NOVOSENSE and its continuous efforts in respect of safety management.provides systematic training and NOVOSENSE offers leadership offers internal job rotations and
development opportunities to help programs to help managers adapt competit ive internal postings Based on the Work Safety Law of the People’s Republic of China the Law of the People’s Republic of China on
them enhance their professional to their roles and improve their enabling employees to gain broader the Prevention and Control of Occupational Diseases and other relevant laws and regulations of the places where
technical skills. We encourage management and leadership skills. experience through different roles we operate we have formulated the Management System for Safety Management Organizations and Management
employees to become experts in their By taking various training courses and expand their career paths. Such Personnel by drawing on management concepts and methods from leading global practices. We have established a
fields through continuous learning and and gaining practical experience cross-departmental collaboration production safety committee and clearly defined the production safety responsibilities of departments and personnel
practice. managers can more effectively not only enhances employees’ at all levels. In accordance with the Production Safety Meeting Management System we hold at least a production
lead their teams and promote the overall skills but also strengthens safety related meeting every quarter ensuring the steadily advancing safety management work.achievement of the company’s teamwork across different teams.strategic goals.NOVOSENSE is committed to promoting the sustainable development of the talent pipeline. We have developed a CEO
clear job structure to guide and assist employees in their career development. During the annual salary adjustment
window we consider whether employees’ abilities and work performance meet the requirements for promotion to
new positions while taking into account employees’ willingness as the basic standard for employee promotion and
selection mechanism.For the above different development paths NOVOSENSE has specially developed a series of training programs:
CTO COO Operation Quality Central Board Secretary
“XIN HUO” Program (Fresh Graduate Training) Office Office Office Office Functions Office
The “XIN HUO” Program is inspired by the saying “a single spark can start a prairie fire”. Representing the new force EHS
of the company and the reserve talents of the domestic semiconductor industry fresh graduates are “sparks”. Chips
are the “heart” of the electronic information industry. NOVOSENSE’s mission is to build a green smart and connected Organization Chart of NOVOSENSE’s Safety Committee
world with semiconductors namely an ambition to “start a prairie fire”. We hope that young people as sparks can
keep “sensing integrating and improving” while achieving a perfect transition from students to employees. In 2024 In addition to standard occupational health-related systems we also identify strategic technical macro-political
totally 54 people joined the “XIN HUO” Program. economic environmental supply chain and natural disaster-related risks that the company may face as well as
various functional risks associated with our operations. To address these challenges we have assembled an efficient
professional response team and developed actionable management control solutions including the Business
“XIN KONG” Program (Manager Training) Continuity Management project.The “XIN KONG” Program is inspired by “make progress every day” in Wise Rulers of the Wei and Jin Dynasties and Under this project we engage in cross-departmental collaboration and hold
“sore to the sky” in “Enjoyment in Untroubled Ease * In the Northern Ocean There is a Fish” implying that qualified regular reviews and drills to address the constantly changing internal and
managers can continuously improve their own abilities and lead the team to make progress and achieve success. This external environments. In 2024 we organized and conducted nearly 20
program takes management knowledge as the core to help managers clarify their thinking and roles and responsibilities; emergency scenario exercises covering topics such as customer response
takes management practice as the starting point to help junior managers master the ability to make plans manage In 2024 R&D marketing operations and IT. These exercises included but were not
business and lead teams; and takes diversified interactions as the link to break down the walls of hierarchies and we organized and conducted limited to tabletop exercises scenario walkthroughs and live simulations.departments so that managers can learn to examine themselves and improve their cognition. In 2024 totally 31 people near ly 20 emergency
joined the “XIN KONG” Program. scenario exercises48 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 49
Putting People First and Supporting Employee Growth
Production Safety Training Social Welfare and Responsibility
We continue to improve our safety culture further enhance safety awareness through employee training and
regularly carry out safety awareness and safety capability training in multiple dimensions around the occupational NOVOSENSE keeps fulfilling corporate social responsibility while developing rapidly and growing in scale. We
health and safety management system. We want to ensure that employees understand the necessary production actively participate in community charity activities in the places where we operate give back to society through
safety knowledge improve employees’ safety literacy and safety awareness enhance employees’ attention to donations agricultural assistance and other behaviors and strive to promote harmonious integration between the
production safety and create a strong production safety atmosphere. company and the community and achieve common development of the company and the community.NOVOSENSE’s production safety training data in 2024:
Featured event Agricultural assistance activity – purchasing oranges from disabled fruit farmers
Safety costs: Safety training: Safety Drills:
512200 13 3 In early December 2024 NOVOSENSE launched a second agricultural assistance activity – purchasing oranges CNY Organized training Organized types of from disabled fruit farmers and distributing them to employees and customers who visited the company during
sessions throughout the year safety drills throughout the month. The amount reached CNY 67850. This warm initiative supported disabled fruit farmers conveyed the
Total number of the year company’s care for employees and customers and also fulfilled the company’s social responsibility.participants: 678
Featured event Fire drill activity in 2024
On 26 November 2024 NOVOSENSE’s Suzhou office held its annual fire drill which included initial emergency
responses to fires emergency evacuations and simulated firefighting. Through this comprehensive fire drill
we significantly improved employees’ safety awareness and evacuation skills. The event not only tested the
company’s and the park’s fire evacuation efficiency but also strengthened employees’ emergency response
capabilities in sudden fire incidents.Featured event Acts of kindness – donating supplies to underprivileged children
On 30 May 2024 NOVOSENSE
donated supplies worth CNY 9735
to underprivileged children at the
Renai School in Suzhou Industrial
Park . These ch i ld ren inc lude
orphans those with serious illnesses
or disabilities and those from low-
income fami l ies. The donat ion
Occupational Health Management and Radiation Protection not only brought warmth to the
children but also raised awareness
At NOVOSENSE the primary occupational health hazard is ionizing radiation in respect of X-ray positions. To among labor union members about
address this issue we have established a multi-tiered protection system that covers annual safety inspections and disadvantaged groups.declarations for radiation equipment; portable radiation detectors in work areas with regular environmental hazard
monitoring; strict pre-employment on-the-job and post-employment health checks; and requirements for all staff
who may reach X-ray to wear personal radiation dosimeters to track cumulative exposure in real time. By effectively NOVOSENSE firmly believes that the company’s growth is deeply rooted in societal support and trust. In the future
managing compliance in respect of equipment dynamic environmental monitoring and individual protection we have we will continue to actively promote social causes encourage our employees to engage in charitable activities and
achieved zero cases of occupational radiation diseases for three consecutive years. support these efforts through practical action.50 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 51
Creating and Sharing Extraordinary Value
Technology Innovation
Investment in R&D and Innovation
Focusing on client applications NOVOSENSE continues to develop competitive chip products and we have
established solid core technical barriers in sensors signal chains isolators interfaces power drivers power
management SoCs MCUs and other fields. At the same time we attach importance to the building of basic
R&D capabilities including core IP accumulation functional safety development capability process development
capability and product engineering capability forming the R&D base of NOVOSENSE. In addition we encourage
innovation especially around customer applications and strives to provide greater value to customers through new
products technologies and processes. In 2024 NOVOSENSE invested CNY 540 million in R&D.Due to its outstanding performance in R&D and its innovative applications NOVOSENSE has received widerecognition from the government and the industry. These commendations include being named as a “leading techenterprise” a “national high-tech enterprise” and a “high-tech enterprise with strong growth momentum” in Jiangsu
province. Based on its status as a provincial-level technology center and engineering research center in Jiangsu
NOVOSENSE has undertaken several key R&D projects in Jiangsu province. Meanwhile we have won multiple
awards and honors such as “Outstanding Technical Innovation Product” “Top 10 MEMS Enterprises in China’sSemiconductor Industry” “Achievement in Simulation Semiconductors” and “Top 10 Chip Manufacturers in China”.In 2024 the company was named an “engineering research center” after passing the high-tech enterprise review
(Certificate No. GR202432002097) and we also received the “2024 Innovation Application” “2024 Top Supplier ofMotor Controllers and Solutions” “2024 Outstanding Technical Innovation Product” and “Top 10 MEMS Enterprisesin China’s Semiconductor Industry in 2023” awards.NOVOSENSE’s R&D Systems and Processes
We have put in place comprehensive and robust R&D systems and processes:
* Circuit * Wafer
* Market research design tape-out
Creating and Sharing * Market demand * Simulation * Product analysis * Feasibility analysis verification specifications
* Project manager * Project initiation * Packaging * Design
Extraordinary Value designation review design review
Market demand Project initiation Design & development
Our Actions:
PSD0 Review PSD1 Review
NOVOSENSE actively responds to the United Continue to pursue sustainable businesses with the company’s automotive PSD2 Review
Nations Sustainable Development Goals 01 electronics renewable energy and power and industrial automation
7 9 11 and 17 committed to ensuring businesses accounting for about 80% PSD4 Review PSD3 Review
superior qual i ty through technological
Further expand the R&D team with about 50% of the company’s Mass production Certification and pilot production Engineering project introductioninnovation and becoming a reliable partner 02
in the global industrial supply chain. The employees from the R&D department Mass production * Reliability * Full-scope * Laboratory * Product *
company consistently upholds its core values Cooperate with a number of colleges and universities focusing on transfer verification testing evaluation evaluationof “Robust Reliable Keep Learning Persist 03 joint training of talents while promoting industry-university-research * Training relevant * Wafer process * Data * Packaging and testingin Long-term Value” focusing on R&D and personnelcooperation * Product launch validation analysis introduction * Pilotinnovation. With the mission of “Sense & * Packaging * Mass * Test productionDrive the Future Build a Green Smart and 04 Through technological innovation the company ensures superior quality process production introduction reviewConnected World with Semiconductors” and becomes a reliable partner in the global industrial supply chain validation review
NOVOSENSE aims to make contributions to Enhance the resilience of the supply chain and further ensure NOVOSENSE’s R&D processes
sustainable development. 05 business continuity and customer trust52 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 53
Creating and Sharing Extraordinary Value
Patent Applications
Composed of: 2. Patent review specialists (1-2
As of the end of 2024 the company and its subsidiaries had accumulated 407 intellectual property rights in total. Patent review committee 1. Intellectual property engineers each in 8 fields)3. Department director
During the reporting period the company filed 97 intellectual property applications including 44 invention patent
applications; and acquired 62 intellectual property rights including 31 invention patents during the year. Patent review and 1. Patentability (for intellectual property engineers) 4. In f r ingement v is ib i l i t y ( fo r
evaluation standards 2. Technical superiority (for patent review specialists) patent review specialists)3. C ommercial viability (for patent review specialists)
New in the current year Cumulative Online patent review and Online review in the intellectual property management system:
approval process 1. Evaluating the proposal from four dimensions 3. A djusting the approval order 2. Conducting novelty searches for the proposal and approval form
Number of Number of Number of Number of Relevant operating
applications acquisitions applications acquisitions manuals and Working Manual for Decision-Making Organization in Patent Review Process (Version A0) and the Intellectual Property Management Policy (Version A1)
management policies
Invention patents 44 31 229 112 Patent review-related 1. Patent review discussions 3. Training on intellectual property 2. D emonstration of the new patent proposal management policies
training and education process
Utility model patents 20 7 93 74 NOVOSENSE’s patent review mechanism
Design Patent 0 0 1 1 Each year the company carries out training on intellectual property protection. In 2024 we provided 18.5 hours of
training across nine training sessions throughout the year for our R&D staff covering a wide range of topics including
patent analysis patent writing fundamentals and considerations principles for determining patent infringement
Software copyrights 0 3 27 28 and quality principles throughout the patent process. To celebrate World Intellectual Property Day in 2024 we also
staged special lectures and campaigns. Based on our efforts and achievements in intellectual property managementwe were honored with the “2023 Outstanding Contribution to Economic Development Award – Top 30 Company byIntegrated Circuit Layout-Design 22 17 189 188 Intellectual Property”.Oversea Intellectual Property Rights 11 4 42 4 Cooperation and Co-creation
Total 97 62 581 407 Industry Cooperation
During the reporting period we collaborated with a number of universities and other platforms on multiple research
Note: The above data also covers MagnTek which filed 17 intellectual property applications and acquired 25 intellectual property projects with the aim of expanding our technological boundaries and injecting new momentum into the industry’s
rights during the year bringing its total intellectual property applications to 195 and total acquired intellectual property sustainable and high-quality development.rights to 173.We will continue to strengthen the conversion and output of intellectual property achievements from innovation Collaboration
projects. Once a key project is initiated we actively explore opportunities for securing a patent prepare technical highlights NOVOSENSE’s collaboration with Fudan University
disclosures based on the market positioning characteristics and intended use cases of the product and develop a
patent plan and strategy. In doing so we are able to fully protect the results of our intellectual property efforts. In 2024 NOVOSENSE collaborated with the Integrated Circuit Design (ICD) Lab of the School of
Microelectronics of Fudan University to conduct research on intelligent sensor chips. Together we developed
Protecting Intellectual Property Rights and Related Training a high-precision analog front-end chip that can be applied to tunnelling magnetoresistance (TMR) sensors and
heart rate and blood oxygen monitoring. Our research results were also released in the IEEE Journal of Solid-
At NOVOSENSE we firmly believe in the importance of managing and protecting intellectual property rights. To this State Circuits a global authoritative publication that covers solid-state circuits.end the company has developed several internal policies including the Intellectual Property Management Policy
which set out requirements for complying with relevant laws and regulations and the company’s internal policies
regarding intellectual property rights. These measures are designed to ensure that our staff do not engage in any
behaviors that infringe or appear to infringe on intellectual property rights in our R&D production and sales activities.In 2024 as part of our effort to improve our intellectual property management system we issued the Working
Manual for Decision-Making Organization in Patent Review Process and made revisions to the Intellectual Property
Management Policy. In these releases we clarified roles and responsibilities and workflow procedures in areas such
as patent management trademark management integrated circuit layout design management computer software
copyright management intellectual property retrieval management and intellectual property agency management.Meanwhile we have put in place an additional patent review mechanism under which a patent review committee
composed of selected members works in line with the established rules and performs online patent review and
approval processes.NOVOSENSE’s patent review mechanism54 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 55
Creating and Sharing Extraordinary Value
Collaboration NOVOSENSE attended the first Enterprise-University Partnership forum at Dushu
highlights Lake Suzhou in 2024 Quality Management
On 27 October 2024 at the first Enterprise-University
Partnership forum at Dushu Lake in Suzhou Ma Product Management
Shaoyu Vice President of NOVOSENSE’s Technical
Innovation Center discussed talent demands in the Product Quality Management
local integrated circuit market and developments in
simulation technology with other guests. During the
roundtable sessions Mr. Ma and other attendees Build strength pursue excellence The Unique “R&R” Policy Guarantees High-Quality Products & Services
f rom academia and the indust ry exchanged and persist in long-term value.valuable insights shedding light on how to devise The company always attaches
a constructive talent development strategy that will great importance to product NOVOSENSE’s
drive the integration of enterprises universities and quality and reliabil ity adheres Robust &
research institutes. to h igh s tandards and has R&R PolicyRobust Robust & Reliable Reliable Reliable quality
developed NOVOSENSE’s unique Provide high-quality products To become a trusted partner policy
and service earning recognition throughout the industry chain
Robust & Reliable quality policy from customers and trust from and business processes.colleagues.to ensure high-quality products
Collaboration and services.highlights NOVOSENSE joined hands with Class Eetree to launch the “WeDesign” programAdhering to the quality management concept of “quality starts from design and runs through the entire productNOVOSENSE collaborated with Class Eetree to life cycle” the company has built a comprehensive quality management system and ensured the implementation
launch the “WeDesign” program which focuses and execution through organizational capacity building and IT-enabled process system. The company has always
on the company’s NST112x temperature sensor considered the quality of its products and services to be one of its main competitive strengths. Therefore we have
NSHT30 temperature and humidity sensor NSPAS3 put in place a sound quality management system which includes quality management requirements for products
pressure sensor and NSM3013 angle sensor. This and services throughout their lifecycle – from R&D design and production to after-sales service.event invited enthusiasts and young engineers to
design sensor chips and experience the verification In addition the company remains committed to developing a culture that values quality. To this end we conduct
p rocess to exp lo re the inner work ings and regular training sessions and internal audits to enhance staff’s awareness of the importance of quality and promote
applications of sensor technology. an internal atmosphere of “putting quality first”. In terms of customer service we have introduced the issue-to-
resolution (ITR) management method to optimize the after-sales service process and enable faster response times
with a view to raising customer satisfaction.In addition we have also been actively engaging in research projects on other platforms. Through in-depth NOVOSENSE has established a complete internal mechanism in the business processes of R&D manufacturing and
collaboration with academic institutes and industry peers we have demonstrated our strong innovation capabilities sales to ensure the product qualification rate continuously meet customer needs and become a robust and reliable
and growth potential. partner for customers.Quality Management Training
The company pays attention to the internal building of quality management
continuously improves the relevant training system and strengthens the
investment in quality management training. In 2024 we organized a total
of 24 quality-related training courses covering employees in R&D quality
operations sales and other business functions. Through diversified training In 2024 we organized a total of
courses we aimed to improve the professional level of our employees
A representative from NOVOSENSE NOVOSENSE attended the 18th Annual NOVOSENSE attended the 2024 in quality management. The employees who participated in the training 24 quality-related training
spoke at the Workshop on IC Advances Conference of Deans (Department Electrical Industry Summit Forum held came from different functional departments. Through a cumulative total of courses
in China (ICAC) 2024 Heads) of Schools of Electronics and by the Alumni Association of Huazhong over 94.5 hours of training we ensured that all employees had extensive Through a cumulative total
Information at Chinese Universities University of Science and Technology in knowledge of key knowledge points of quality management to better satisfy
(2024) and the first National Forum Shenzhen our customers’ needs and continuously improve our competitiveness in the of over 94.5 hours of
on the Development of Electronic marketplace building a more solid internal quality system for our company training
Information Disciplines in Higher and laying a sustainable foundation for future development.Education56 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 57
Creating and Sharing Extraordinary Value
Robust & Reliable System Certification Responsible Products
Amid the urgent need for sustainability NOVOSENSE upholds responsible marketing conducts online and offline
activities through integrated platforms and offers various innovative products. Meanwhile we have also been actively
engaging in industry communication and sharing information about our ESG principles through these activities. In
doing so we aim to work with our peers and partners to explore robust and sustainable pathways to development.Company promotional materials
ESG elements have been integrated into our company profile deck and visualized.NOVOSENSE ESG Goal
* 100% coverage of safety training
* 100% coverage of safety inspection
Environment * 0 safety and environmental accidents throughout the year
and safety * Ensure capital investment for production safety
* Enhance cooperation with car use platforms and use new energy
Well-planned vehicle services to continuously reduce carbon emissions
Strategy People First
Safeguard Sustainable Support
Development Employee Growth * Be responsible for publicity and implementation of anti-commercial bribery
Since 2015 NOVOSENSE has been certified In 2025 NOVOSENSE was granted the ISO 26262 ASIL Corporate including 1 training for all employees 1 training for suppliers and 1 training
Governance for senior management each year
under ISO 9001:2015 Quality Management D Defined-Practiced certification by TüV Rheinland for its * Implement the anti-commercial bribery compliance management process
Systems by SGS. functional safety management systems. This certification
substantiates NOVOSENSE’s abi l i ty to implement * Continue to build cultural values to help the company gain cultural
functional safety in its products and systems and uphold Co-creation Green drive and employee recognition for ESGand Sharing Operation * Make targeted continuous improvement based on employee Social satisfaction surveys
the highest levels of safety integrity reinforcing its Create Co-build a Responsibility * Continue to build systematic talent development programs and channels
position as a reliable provider of automotive-grade chips. Extraordinary Value Green Future * Integrate corporate knowledge resources and build a knowledge- based organization
* Source: NOVOSENSE 2024 Environmental Social and Governance (ESG) Report.Company website
A Sustainability section has been added on our company website providing a window for people to gain an
understanding of our ESG principles and practices.S ince 2022 the NOVOSENSE Rel iab i l i ty Since 2023 NOVOSENSE has been certified under ISO
Assurance and Failure Analysis Center has 14001: 2015 Environmental Management Systems by
been an accredited laboratory under the China TüV Rheinland.National Accreditation Service for Conformity
Assessment (CNAS).58 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 59
Creating and Sharing Extraordinary Value
Protecting Customer Rights
Customer Satisfaction Survey
During the reporting period we carried out a customer satisfaction survey on all fronts covering major customer
groups. By combining quantitative and qualitative analysis we evaluate the level of customer satisfaction in areas
including product performance service quality technical support and response efficiency. According to the survey
results we achieved our goals for the year reflecting that we are a highly trusted company among customers due
to our comprehensive capabilities.Online marketing
We have conducted several online campaigns on the To continuously improve customer satisfaction the company has put in place:
application of sensors to new energy vehicle systems
and renewable energy such as photovoltaics and Enhanced Enhanced Product Customized
other fields. We have also been actively participating mechanisms technical support upgrades services
in s tandards se t t i ng and a t tend ing fo rums.NOVOSENSE is dedicated to harnessing technological Enhancing the synergy Investing in technical Optimizing product Providing personalized
innovation to practice ESG principles. between field application support resources to d e s i g n b a s e d o n solutions and exclusive
engineers (FAEs) and provide more accurate customer feedback support that are tailored
the sales team so that solut ions especial ly w h i l e i n t r o d u c i n g to the needs of specific
customer demands and for major problems n e w t e c h n o l o g i e s customers.issues are communicated such as appl icat ion to enhance product
to the right personnel failure and to improve stability and reliability;
and resolved faster to on-site problem resolution
signif icantly shorten rates;
response times;
Through these targeted measures we use customer input to inform our efforts to upgrade and update our services
and products. In this way we are able to continue to build trust and stickiness among our customers.Customer Complaint Handling Mechanism
The company always ensures customer complaints are received and resolved in an effective manner. Customer
complaints are a major source of feedback that we use to optimize products and services; and for this reason we
have opened different channels to accept customer feedback and opinions including regular visits to customers by
FAEs and the sales team and e-mail and customer service hotlines that are available 24/7. In addition the company
manages customer complaints using a closed-loop approach under which we receive investigate and resolve
Exhibition hall showcasing the company’s ESG complaints and then identify improvement opportunities. We also track the status of each customer complaint and
strategy inform the customer of the results. Due to our continuous efforts we have achieved impressive results in handling
We have set up an exhibition hall that provides an customer complaints in recent years:
interactive experience using multimedia technology.This exhibition hall showcases how our products
are used in new energy vehicles and photovoltaic * The company introduced an intelligent customer complaint data analysis system which enables escalation of
energy storage chart ing how the company’s customer complaints where appropriate and real-time analysis of trends helping us accurately identify and
product portfolio has contributed to green travel the resolve common issues in products or services;
renewable energy transition and energy conservation
and emission reduction efforts. * We optimized resources and our organizational structure which has significantly improved our response
efficiency and customer satisfaction. In addition for certain key complaints we have increased our resources
and efforts to resolve them with a view to ensuring that the core demands of customers are addressed.Moving forward NOVOSENSE will continue to embed intelligence and insightful predictability into its customer
complaint management system so that transform customer feedback into a solid foundation for product innovation
and offerings upgrades.60 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 61
Creating and Sharing Extraordinary Value
Supply Chain Management Supply Chain Risk Management
In terms of supply chain risk management we have taken measures to reduce relevant business risks including the
The supply chain is a core component of a company’s daily operations. We are committed to practicing responsible following:
production practices and building a sustainable supply chain system. By deepening supply chain management
strengthening quality and safety control and promoting environmental approaches we strive to build a diversified
supplier base. At the same time we continue to drive a low-carbon transformation of our supply chain to adapt to
changing market and social needs. This strategy aims to ensure the efficiency and reliability of the supply chain
while reflecting our firm commitment to responsible and sustainable operations. * We have entered into long-term * In response to national localization
cooperat ion agreements wi th strategies we have continued
Supplier Admission strategic suppliers of production localizing our supply chain including
materials while controll ing the upstream secondary suppliers and
In terms of supplier management we have developed a comprehensive supply chain procurement mechanism that sources of raw materials to ensure conducting evaluations and refined
covers the entire life cycle management of supplier inspection admission performance audit and exit and have they are in stable supply and of management in respect of our
implemented ESG approaches in all aspects of procurement. reliable quality; localization status.In terms of supply chain management we use TQRDCESS as a key management dimension to ensure full control
over supplier procurement specifically: During the reporting period the company purchased more than 70% of its raw materials from local suppliers.In addition we assess supplier performance on a quarterly basis and provide suppliers with the results in due
course. Our assessment focuses on the supplier’s corporate ethics environmental safety social responsibility
occupational health hazardous materials control and other areas. We also communicate with our main suppliers
TQRDC We adopt TQRDC (Technology Quality Response Delivery and Cost) as the criteria each year to obtain their annual carbon emissions data and develop goals for the next year. In this way the
Evaluation for evaluating suppliers in procurement. Through admission considerations for company reminds suppliers that they should continue to monitor and improve their ESG performance.Criteria production suppliers we conduct comprehensive scoring every quarter to ensure their performance in key dimensions. Conflict Minerals
As a chip company we keep track of the international community’s views and development trends on conflict
minerals and strengthen management of conflict minerals. The company has formulated the Hazardous Substances
Control Procedure to manage the compliance process of conflict minerals reflecting its determination to achieve
self-governance and supervision in terms of conflict minerals. We have established an effective data management
and reporting mechanism to track and monitor conflict minerals issues in our supply chain in real time and
ESG Compliant suppliers are considered in terms of ESG (Environmental Social and proactively cooperate with our customers on data reporting. The company’s existing suppliers have conducted
Dimension Governance) to ensure sustainability and social responsibility in the supply chain. investigations with reference to the Conflict Minerals Report (CMT) and have followed the process to determine
whether the investigation results meet the conflict-free metal requirements of the Democratic Republic of the Congo.Investigation results and measures:
* If conflict minerals are involved a new source
If conflict minerals are not involved the of minerals must be selected and effective * ev idence of improvement and prevent ive
Security During the supplier admission process security is another important S we consider
audit result is PASS; measures must be provided in order to comply
Consideration when evaluating suppliers including cybersecurity information security and employee with the requirements for conflict-free metals.safety. This dimension is considered to secure the entire supply chain at all levels.In 2024 the company found no suppliers involved in the use of conflict minerals in its supply chain survey. In the
face of the ongoing challenges posed by conflict minerals in the future we will continue to monitor and improve
pay attention to international regulations and regulatory trends and maintain close cooperation with suppliers
customers and industry organizations to jointly promote the implementation of solutions.62 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 63
Green Operations: Working Together to Build a Green Future
Green Office
NOVOSENSE strictly abides by the Environmental Protection Law of the People’s Republic of China the Energy
Conservation Law of the People’s Republic of China and other applicable laws and regulations of the places where
it operates. We establish systems such as the Energy Resource Management Control Procedure to regulate the
use of energy and resources continuously strengthen the publicity and implementation of environmental protection
related contents such as green office and green mobility and strive to build ourselves into a resource-saving and
environment-friendly company in order to enable the coordinated and sustainable development of human beings
resources and the environment.As at the end of the reporting period
Environmental Policy NOVOSENSE has been certified
with ISO 14001 Environmental
Management Systems.Comply with laws and regulations
Comply with national laws and regulations as well as industry and
local environmental policies.Prevention of pollution
Establish environmental awareness among all employees and
improve the ability to prevent and control pollution accidents.Green Operations:
Working Together to Build a Green Future
Our Actions: ISO 14001 Certificate
Energy saving and consumption reduction
Based on green and sustainable business Launch green products to empower customers with green options Use energy resources rationally and effectively reduce waste and
NOVOSENSE actively responds to the 01 and jointly achieve the green development targets adopt environmentally friendly products.United Nations Sustainable Development
Goals 6 7 11 and 13 adheres to the Gradually reduce carbon emissions and prioritize the use of new
g reen and l ow-ca rbon deve lopment 02 energy vehicles in cooperation with car use platforms minimizing
approach cont inuously improves the carbon emissions during operations
efficiency of energy resource util ization Gradually increase the use of renewable energy such as PV to
w h i l e s t r i v i n g f o r i n n o v a t i o n a n d 03 optimize the energy structure
development and keeps inspiring new Continuous improvement
ideas for low-carbon operations based on 04 Enhance employees’ environmental protection awareness and create Implement effective improvement measures for problems that need
operating practices. an atmosphere of environmental protection within the company
to be rectified and continuously improve environmental performance.64 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 65
Green Operations: Working Together to Build a Green Future
Energy and Resource Management Water Resource Management
Energy Consumption NOVOSENSE and its subsidiaries use domestic water but the design and development process does not involve
water use. We have formulated the Energy Resource Management Control Procedure to regulate the company’s
Over the years the company has adhered to the development approach of energy conservation and consumption water resource management.reduction and continuously strengthened scientific energy management.Our total water consumption in 2024: To implement energy conservation
NOVOSENSE’s energy consumption3 and consumpt ion reduct ion we
take “awareness ra is ing” as the
Total water consumption/ton4 Tons of water consumption primary principle and continuously
per million yuan of revenue promote energy water and material
Power Comprehensive energy Overall energy consumption
consumption (kWh) consumption intensity (tons of standard coal 8724.0 3985.0 4.45 3.04 conservation plans through awareness
(tons of standard coal) per million yuan of revenue) campaigns.
202412702719.001561.160.80
20236608207.00812.150.62
Note: In 2024 NAXIWEI a subsidiary of NOVOSENSE entered the trial operation stage so the energy consumption during the
reporting period increased significantly compared with the previous year.With the profound changes in the global energy landscape we are actively promoting the clean and low-carbon
transformation of the company’s energy structure striving to transition to non-fossil energy; we are also planning to 2024 2023 2024 2023
procure green power and apply PV and other clean energy to further promote our own energy transformation.Water conservation slogan
During the construct ion of NOVOSENSE’s new off ice in Suzhou
environmental factors were fully taken into consideration. The building Emissions Management
will use rooftop PV to a certain extent effectively reducing dependence
on traditional energy improving the application of clean energy further We strictly abide by the Law of the People’s Republic of China on the Prevention and Control of Environmental
promoting the company’s efforts in environmental protection and Pollution by Solid Waste and other laws regulations and standards on environmental protection and pollution
sustainability providing employees with an environmentally friendly and prevention of the places where we operate and implement targeted and compliant treatment of waste to minimize
efficient working environment and fulfilling the company’s commitment to the impact of waste on the environment and realize the recycling and reuse of resources.sustainable development.
20242023
Featured solution Modular data center
Waste gas (m3) 37926000 15790000
The modular server room project was officially commissioned in 2024
and is expected to achieve 300000 kWh of electricity savings in 2025. Hydrogen chloride/ton 0 0.023
The solution has the advantages of flexible scalability high reliability
energy saving environmental protection and intelligent management. The Total non-methane hydrocarbons/ton 0.006 0.312
server room adopts standardized design and energy-saving technology
and is equipped with an intelligent management system for remote Hazardous waste (ton) 2.36 0.30
monitoring. In addition the pre-assembly method is adopted to shorten
the construction cycle. The server room is compact in design and
Temperature cloud of the server General waste (ton) 57.5 15.90
equipped with a DC variable frequency compressor and EC fan which room after cold aisle closure
can save 50% energy and is expected to save 30% of electricity cost Packaging carton (ton) 18.9 3.65
each year.
4 The water usage at the new office in Suzhou has increased significantly due to the construction and landscaping activities
3 Electricity consumption and overall energy consumption include the offices in Shanghai and Suzhou as well as NAXIWEI. compared to the previous year.66 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 67
Green Operations: Working Together to Build a Green Future
Green Office Initiatives Responding to Climate Change
We actively promote green office practices and strengthen the implementation of green and environmental initiatives:
Global warming has led to a steady stream of abnormal weather and the challenges posed by climate change
are of concern to society as a whole. This not only puts forward higher requirements for promoting low-carbon
development and building ecological civilization but also has a positive effect on promoting the transformation and
upgrading of economic structure energy structure and industrial structure. NOVOSENSE describes our efforts and
future directions in addressing climate change in terms of governance strategy and risk management.Governance
In terms of governance the Board of Directors and senior management are responsible for making decisions on and
monitoring the planning and actual results of the company’s sustainability management. At the same time the Brand
and Marketing Communication Center serves as the ESG coordinator working with various departments branches
and subsidiaries to promote the company’s sustainability management. The Board of Directors is responsible for
monitoring climate-related risks and opportunities and identifying and studying the impact of climate change on
our business activities through collaboration among various departments (see the “ESG Governance” section of this
report for details). We refer to the TCFD (Climate-related Financial Disclosures) framework to gradually review the
current situation formulate strategies manage risks and identify and manage indicators and goals for the risks and
Post green office slogans opportunities that may be caused by climate change.Strategy
Climate-related risks include risks related to the transition to a low-carbon economy (“transition risks”) and risks
related to the physical impact of climate change (“physical risks”). Transition risks can be divided into policy and
legal risks technical risks market risks and reputation risks. Physical risks include acute risks (e.g. extreme
weather such as typhoons and floods) and chronic risks (e.g. changes in climate patterns such as persistent high
temperatures). In addressing climate change we not only prevent risks but also proactively identify opportunities
including resource efficiency energy sources products and services market and resilience.Respond to the call for garbage sorting Implement electricity conservation actions Use energy-saving and
consumption-reducing materials Type Climate-related risks
General Waste Management Waste Gas Management * Sudden extreme weather events such as rainstorms and typhoons may
trigger a series of risks such as production suspension and reduction at the
The company attach great importance to general NOVOSENSE’s Shanghai and Suzhou offices are supply chain end and difficulties in product transportation which may lead to
was te management and spec i f i es re levan t the main office areas and do not involve waste Acute reduced business stability and increased costs;
departments responsible for the sort ing and gas emissions. During the trial operation stage of
recycling of recyclable waste and the collection the subsidiary NAXIWEI new waste gas treatment * Major extreme weather disasters are also very likely to cause employee safety
management and treatment of domestic waste facilities were added in 2023. Waste gas generation accidents etc. adding more unfavorable factors.in office areas l iving areas etc. The external is mainly concentrated in the baking and sampling Physical
packaging of products and raw materials involved in experimental testing process. The unorganized risks
the trial operation of the subsidiary is disposed of by waste gas is collected and adsorbed by activated * Long-term changes in climate patterns (such as persistent high temperatures)
a qualified third party after collection. carbon and then discharged after being treated by may trigger for example increased operating costs due to increased cooling
water spray and meeting the standards. According Chronic demand in summer as well as cost inputs due to subsequent restructuring of
to testing by a third-party testing company various energy use.emission data are far lower than the current national
and local standards.68 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 69
Green Operations: Working Together to Build a Green Future
Type Climate-related risks In terms of acute physical risks
* With the improvement and introduction of policies regulators are bound to We operate in a well-maintained indoor environment and adopt the Fabless business model commonly
adopt more stringent GHG emission limitation measures and strengthen GHG used in the integrated circuit design industry. Wafer manufacturing chip packaging and chip testing are all
emission disclosure requirements; completed by outsourcing manufacturers so large-scale production is not involved. We require our partner
vendors to do a good job in production scheduling and delivery management take into account the possible
* With the acceleration of China’s carbon emissions trading market and the negative impacts of factors including extreme weather in their scheduling make flexible adjustments and
successive improvement of international carbon tariffs and other policies the provide good customer service.Policies and subsequent fulfillment of carbon emissions compliance requirements may lead
laws to an increase in costs;
* Changes in policies may also lead to the early retirement of existing fixed In terms of chronic physical risks
assets such as energy-consuming equipment;
* There may be a risk of being held legally liable or facing fines and financial Global warming may increase our operating costs including increases in operating costs that may be
losses due to failure to comply with relevant climate policies or laws. triggered by for example increased demand for cooling in the summer as well as cost inputs resulting from
subsequent restructuring of energy use such as the use of more clean energy.* The process of production technology innovation and iteration to meet
environmental requirements and new product R&D and innovation may lead to
Technology
an increase in the frontend cost of investing in new technologies or adopting/ In terms of transition risks
Transition deploying new operations and processes.risks
With the implementation of relevant policies such as the national carbon peaking and carbon neutrality
goals regulatory authorities are becoming increasingly stringent in their carbon emission requirements for
NOVOSENSE which may lead to increased operating costs increased pressure on energy conservation and
* With the guidance of policies and markets and the gradual improvement of emission reduction and increased investment in environmental protection equipment and facilities. We will
customers’ low-carbon and environmental awareness customers may turn to actively respond to relevant national policies on carbon emissions.greener products such as raw materials with sustainability certification which
will affect the procurement of raw materials;
Market
* As a supplier in the new energy vehicle industry chain changes in customer
In terms of development opportunities
behavior such as the implementation of projects related to addressing climate
change by customers will also impose relevant requirements on the supply
The voice of the whole society for energy conservation and emission reduction is rising day by day and the
chain.adjustment of energy structure is imperative. Our business structure is mainly applied in the fields of industrial
control renewable energy & power supply and electric vehicles. In the future we will continue to actively
promote the development of sustainability-related businesses with the goal of assisting energy upgrading and
transformation. We will continue to seize development opportunities with rich technical expertise advanced
* With stakeholders’ increasing attention to climate change-related issues
technology and continuous cutting-edge research and endeavor to develop and promote green and low-
Reputation reputational damage may result if the company fails to meet stakeholders’
carbon products and services so as to lay a foundation for the company’s further growth and contribute to
expectations or commits violations related thereto.energy conservation and emission reduction of the whole society.70 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 71
Outlook
Risk Management Outlook
In response to climate change challenges we focus on identifying and assessing physical risks and transition risks
while seizing development opportunities to promote the sustainable development of NOVOSENSE. We strengthen As a company deeply rooted in local market NOVOSENSE can keenly perceive and quickly respond to local
the sustainable management of natural resources reduce pollutant emissions improve relevant risk management policies customer needs supply chain talent market etc. Its capability to respond more flexibly resiliently and
and target setting systems and promote high-quality and green development. rapidly brings a significant edge. With the acceleration of a new round of scientific and technological revolution and
industrial transformation in the world today opportunities and challenges are intertwined. NOVOSENSE strives to
Carbon Emissions Management create highly competitive products and services and become a high-quality innovative and reliable world-class chip
company.In 2024 NOVOSENSE’s total GHG emissions were 7244.36 tons5 of CO2 equivalent. We are also currently planning In the future the company will continue to deeply integrate market prospects and customer needs continue
the use of clean energy such as PV-ES.to focus on the three major product directions of sensor signal chain and power management to provide
comprehensive semiconductor products and solutions and continue to deepen its presence in the automotive
At the same time we are focusing on the management of GHG emissions (Scope 3).industrial information communications and consumer electronics markets. With the mission of “Sense and Drive theFuture: Build a Green Smart and Connected World with Semiconductors” the company is committed to providing
chip-level solutions to link the digital world and the real world.NOVOSENSE joins hands with AutoNavi to provide its employees with new energy vehicle based business In addition we will continue to implement the sustainable development approach. While maintaining business
travel services aiming to reduce Scope 3 carbon emissions. During our partnership in 2024 we have growth we will actively fulfill our corporate social responsibility in terms of environment (E) society (S) and
successfully reduced our carbon emissions by a total of 23509.84 kg. This cooperation not only strengthens governance (G) to promote the sustainable development of the company and society as a whole.the company’s investment in sustainable transportation but also contributes to the development of new
energy transportation. Together with AutoNavi NOVOSENSE continues to help create a cleaner low-carbon
mobility ecosystem with innovative solutions to promote green mobility.Climate Risk Management
NOVOSENSE is fully aware of the potential risks that climate change may bring to daily operations. It incorporates
climate change related issues into the supervision scope of the management regularly monitors climate change
related risks and plans to carry out relevant training to enhance the ability to cope with climate change so as to
better resist risks in the face of climate change.In accordance with the Emergency Response Law of the People’s Republic of China the Interim Measures for the
Administration of Emergency Response Plans for Sudden Environmental Events and other applicable laws and
regulations we have formulated the Emergency Response Plan for Sudden Environmental Events established a full-
process management mechanism for emergency response to sudden environmental events improved prevention
and disposal capabilities and minimized the losses caused by environmental pollution and ecological damage.We have formed an assessment team to carry out environmental risk assessment and established a series of
procedures including on-site survey research collection of relevant materials and internal opinion solicitation to
provide a basis for the company to manage environmental risks.
5 Includes only indirect GHG emissions (Scope 2) from purchased electricity. Indirect GHG emissions were calculated based on
the national grid emission factors in the Notice on Reporting and Verification of Greenhouse Gas Emissions from Enterprises in
Selected Key Industries for 2023-2025 issued by the Ministry of Ecology and Environment of the People’s Republic of China.72 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 73
Appendix
Appendix Report Index
GRI Standards Index
Awards
Statement of use GRI 1 used
Ranked 1st 2023 “Gazella” Company in the Jiangsu Engineering Research Center Suzhou Novosense Microelectronics Co. Ltd. has reported the information cited GRI 1: Foundation 2021
among China’s Top 10 Analog Chip High-tech Industrial Development Zone for Analog and Mixed-Signal Chips of
Companies Jiangsu in 2024 in this GRI content index with reference to the GRI Standards for FY2024.GRI Standard Disclosure Location
2-1 Organizational details Company Profile
2-2 Entities included in the organization’s sustainability reporting About This Report
2-3 Reporting period frequency and contact point About This Report back cover
Top 10 MEMS Enterprises 2024 Top Supplier 2-4 Restatements of information Not involved
in China’s Semiconductor Industry in 2023 of Motor Controllers and Solutions
2-5 External assurance Not yet conducted planned for adoption in the future
Ranked 7th
among China’s Top 10 Listed 2-6 Activities value chain and other business relationships Corporate Culture
Companies 2-7 Employees Our Employees
2-8 Workers who are not employees Our Employees
Compliance Governance
2-9 Governance structure and composition Please refer to the company’s
Annual Report 2023
2023 2023 Advanced Unit 2-10 Nomination and selection of the highest governance body Compliance Governance
Outstanding Enterprise Focusing in Suzhou Dushu Lake Sci-Edu
2-11 Chair of the highest governance body Please refer to the company’s on High-End Development Innovation District Annual Report 2023
2-12 Role of the highest governance body in overseeing the
management of impacts Compliance Governance
2024 2-13 Delegation of responsibility for managing impacts Compliance Governance
Outstanding Technical Innovation
Product 2-14 Role of the highest governance body in sustainability
GRI 2: reporting
ESG Governance
General Disclosures 2021 2-15 Conflicts of interest Not involved
2023 Outstanding Contribution to 2023 Outstanding Contribution to 2-16 Communication of critical concerns Compliance Governance
Economic Development Economic Development ESG Governance
Award-Top 30 Company by R&D Investment Award-Top 30 Company by Intellectual Property
2-17 Collective knowledge of the highest governance body Compliance Governance ESG Governance
2-18 Evaluation of the performance of the highest governance
body ESG Governance
2-19 Compensation policies Employees’ Rights and Interests
2-20 Process to determine compensation To be further enhanced
2-21 Annual total compensation ratio To be further enhanced
2-22 Statement on sustainable development strategy To be further enhanced
Ranked 11th 2024
among Suzhou’s Top 100 Most Innovative Innovation Application Award 2-23 Policy commitments To be further enhanced
Private Enterprises in 2023 2-24 Embedding policy commitments To be further enhanced
2-25 Processes to remediate negative impacts To be further enhanced
2-26 Mechanisms for seeking advice and raising concerns To be further enhanced
2-27 Compliance with laws and regulations Compliance Governance
2-28 Membership associations The company has joined relevant industry associations
2-29 Approach to stakeholder engagement ESG Governance
2-30 Collective bargaining agreements ESG Governance74 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 75
Appendix
GRI Standard Disclosure Location GRI Standard Disclosure Location
3-1 Process to determine material topics ESG Governance 304-1 Operational sites owned leased managed in or adjacent
GRI 3: to protected areas and areas of high biodiversity value outside
The company has no relevant
Material Topics 2021 3-2 List of material topics ESG Governance protected areas
operations
3-3 Management of material topics ESG Governance 304-2 Significant impacts of activities products and services
GRI 304: on biodiversity Not applicable
201-1 Direct economic value generated and distributed Please refer to the company’s Biodiversity 2016Annual Report 2023 304-3 Habitats protected or restored The company has no relevant
201-2 Financial implications and other risks and opportunities operations
GRI 201: due to climate change Response to Climate Change 304-4 IUCN Red List species and national conservation list The company has no relevant
Economic Performance
201-3 Defined benefit plan obligations and other retirement Please refer to the company’s species with habitats in areas affected by operations operations2016
plans Annual Report 2024 305-1 Direct (Scope 1) GHG emissions Response to Climate Change
201-4 Financial assistance received from government Please refer to the company’s 305-2 Energy indirect (Scope 2) GHG emissions Response to Climate ChangeAnnual Report 2024
305-3 Other indirect (Scope 3) GHG emissions Response to Climate Change
202-1 Ratios of standard entry level wage by gender compared
to local minimum wage To be further enhancedGRI 202: GRI 305: 305-4 GHG emissions intensity Response to Climate Change
Market Presence 2016 Emission 2016202-2 Proportion of senior management hired from the local To be further enhanced 305-5 Reduction of GHG emissions Response to Climate Changecommunity
305-6 Emissions of ozone-depleting substances (ODS) Green Office
GRI 203: Indirect 203-1 Infrastructure investments and services supported To be further enhanced 305-7 Nitrogen oxides (NOx) sulfur oxides (SOx) and other
Economic Impacts 2016 203-2 Significant indirect economic impacts To be further enhanced significant air emissions Green Office
GRI 204: Procurement 306-1 Waste generation and significant waste-related impacts Green Office
Practices 2016 204-1 Procurement practices Supply Chain Management 306-2 Management of significant waste-related impacts Green Office
205-1 Operations assessed for risks related to corruption To be further enhanced GRI 306:
Waste 2020 306-3 Waste generated Green OfficeGRI 205: 205-2 Communication and training about anti-corruption
Anti-corruption 2016 policies and procedures Compliance Governance 306-4 Waste diverted from disposal Green Office
205-3 Confirmed incidents of corruption and actions taken Compliance Governance 306-5 Waste directed to disposal Green Office
GRI 206: Anti-competitive 206-1 Legal actions for anti-competitive behavior anti-trust 308-1 New suppliers that were screened using environmental
Behavior 2016 and monopoly practices Compliance Governance GRI 308: criteria
Supply Chain Management
Supplier Environmental
207-1 Approach to tax Compliance Governance Assessment 2016 308-1 New suppliers that were screened using environmental
criteria Supply Chain Management
GRI 207: 207-2 Tax governance control and risk management Compliance Governance 401-1 New employee hires and employee turnover Our Employees
Tax 2019 207-3 Stakeholder engagement and management of concerns Compliance Governance GRI 401: 401-2 Benefits provided to full-time employees that are not
207-4 Country-by-country reporting To be further enhanced Employment 2016 provided to temporary or part-time employees
Employees’ Rights and Interests
301-1 Materials used by weight or volume Green Office 401-3 Parental leave Employees’ Rights and Interests
GRI 301: GRI 402:
Materials 2016 301-2 Recycled input materials used To be further enhanced Labor/Management 402-1 Minimum notice periods regarding operational changes To be further enhanced
301-3 Reclaimed products and their packaging materials Green Office Relations 2016
403-1 Occupational health and safety management system Occupational Health and Safety
302-1 Energy consumption within the organization Green Office
403-2 Hazard identification risk assessment and incident
302-2 Energy consumption outside of the organization Green Office investigation Occupational Health and Safety
GRI 302: 302-3 Energy intensity To be further enhanced 403-3 Occupational health services Occupational Health and Safety
Energy 2016
302-4 Reduction of energy consumption Green Office 403-4 Worker participation consultation and communication
on occupational health and safety Occupational Health and Safety
302-5 Reductions in energy requirements of products and
services To be further enhanced GRI 403: 403-5 Worker training on occupational health and safety Occupational Health and SafetyOccupational Health and
303-1 Interactions with water as a shared resource Green Office Safety 2016 403-6 Promotion of worker health Occupational Health and Safety
303-2 Management of water discharge-related impacts Green Office 403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships Occupational Health and Safety
GRI 303:
Water and Effluents 2018 303-3 Water withdrawal Green Office 403-8 Workers covered by an occupational health and safety
management system Occupational Health and Safety
303-4 Water discharge To be further enhanced
403-9 Work-related injuries Occupational Health and Safety
303-5 Water consumption Green Office
403-10 Work-related ill health Occupational Health and Safety76 Suzhou Novosense Microelectronics Co. Ltd. 2024 Environmental Social and Governance (ESG) Report 77
Appendix
GRI Standard Disclosure Location
404-1 Average hours of training per year per employee Training and Career
Guidelines No. 14 of the Shanghai Stock Exchange for
Development
GRI 404: the Self-Regulation of Listed Companies – Sustainability Report (Trial)
Training and Education 404-2 Programs for upgrading employee skills and transition Training and Career
2016 assistance programs Development
404-3 Percentage of employees receiving regular performance Training and Career Number Topic Relevant section in this report
and career development reviews Development
1 Climate change tackling Response to Climate Change
GRI 405: 405-1 Diversity of governance bodies and employees
Compliance Governance
Our Employees
Diversity and Equal 2 Pollutant discharge Energy and Resource Management
Opportunity 2016 405-2 Ratio of basic salary and compensation of women to To be further enhanced 3 Waste disposal Emissions Managementmen
GRI 406: 4 Ecosystem and biodiversity protection No significant relevance1
Non-discrimination 2016 406-1 Incidents of discrimination and corrective actions taken Employees’ Rights and Interests Energy and Resource Management
GRI 407: 5 Environmental compliance management
Freedom of Association and 407-1 Operations and suppliers in which the right to freedom of No relevant operations Emissions Management
Collective Bargaining 2016 association and collective bargaining may be at risk Employees’ Rights and Interests 6 Energy usage Energy and Resource Management
GRI 408: 409-1 Operations and suppliers at significant risk for incidents No relevant operations
Child Labor 2016 of forced or compulsory labor Employees’ Rights and Interests 7 Usage of water resources Energy and Resource Management
GRI 409: 8 Circular economy Energy and Resource Management
Forced or Compulsory 410-1 Security personnel trained in human rights policies or
Labor 2016 procedures
To be further enhanced 9 Rural revitalization Social Welfare and Responsibility
GRI 410: 411-1 Incidents of violations involving rights of indigenous 10 Contributions to the society Social Welfare and Responsibility
Security Practices 2016 peoples None 11 Innovation-driven Technology Innovation
GRI 411:
Rights of Indigenous 411-1 Incidents of violations involving rights of indigenous 12 Ethics of science and technology No significant relevance2
Peoples 2016 peoples
None
13 Supply chain security Supply Chain Management
413-1 Operations with local community engagement impact Engagement in Charity Activities Equal treatment to small and medium-sized
GRI 413: assessments and development programs 14 No significant relevance3
Local Communities 2016 413-2 Operations with significant actual and potential negative enterprises
impacts on local communities None 15 Safety and quality of products and services Product Management
GRI 414: 414-1 New suppliers that were screened using social criteria Supply Chain Management Information Security
Supplier Social 414-2 Negative social impacts in the supply chain and actions 16 Data security and customer privacy protection
Assessment 2016 taken Supply Chain Management
Customer Rights Protection
GRI 415: Our Employees
Public Policy 2016 415-1 Political contributions None Employees’ Rights and Interests
17 Employees
416-1 Assessment of the health and safety impacts of product Training and Career Development
GRI 416: and service categories Quality Management
Customer Health and Occupational Health and Safety
Safety 2016 416-2 Incidents of non-compliance concerning the health and
safety impacts of products and services Quality Management 18 Due diligence ESG Governance
417-1 Requirements for product and service information and 19 Communications with stakeholders ESG Governance
labeling Quality Management
GRI 417: 20 Anti-commercial bribery and anti-corruption Compliance Governance
Marketing and Labeling 417-2 Incidents of non-compliance concerning product and
2016 service information and labeling
None 21 Anti-unfair competition Compliance Governance
417-3 Incidents of non-compliance concerning marketing Green Office
communications None 22 Clean Technology Opportunities Response to Climate Change
GRI 418: 418-1 Substantiated complaints concerning breaches of
Customer Privacy 2016 customer privacy and losses of customer data Compliance Governance
Notes:
1. The company’s production and operational activities do not have a material impact on the ecosystem and biodiversity.
2. The company has not engaged in such activities as scientific research and technology development in an ethically sensitive
domain such as life sciences and artificial intelligence.
3. The balance of accounts payable (including notes payable) does not exceed CNY300000000 or represents less than 50
percent of the total assets at the end of the reporting period.Feedback
Dear readers:
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