CONTENTS
Digital Intelligence
目录 About This Report 04 Green Operations 04 Empowerment 08
4.1 Green Operations Management 34 8.1 Digital Operations 76
4.2 Addressing Climate Change 38 8.2 Intelligent Manufacturing 77
Message from the Chairman 06 4.3 Energy Utilization 41
4.4 Water Resource Utilization 43
4.5 Circular Economy and Resource Conservation 44
4.6 Biodiversity Protection 45
About Greenway 01 Product Liability 05 People First 09
1.1 Company Profile 10 5.1 Product Quality and Safety 48 9.1 Labor and Human Rights 80
1.2 Corporate Culture 12 5.2 Customer Service and Support 54 9.2 Diversity 83
1.3 External Engagement 13 5.3 Marketing and Labeling 55 9.3 Talent Recruitment and Development 85
1.4 Corporate Honors 14 9.4 Compensation and Benefits 88
1.5 Key Performance Indicators in 2025 15 9.5 Occupational Health and Safety 90
ESG Leadership 02 Innovation-Driven 06 Community Relations 10
2.1 ESG Governance Structure 18 6.1 R&D and Innovation 58 10.1 Community Relations 98
2.2 Stakeholder Engagement 19 6.2 Green R&D 60 10.2 Social Contribution 99
2.3 Assessment and Identification of Material Issues 20 6.3 Industry Collaboration and Development 64
2.4 Align with the United Nations Sustainable
Development Goals (SDGs) 22
Corporate Governance 03 Supply Chain Collaboration 07 Appendix 100
3.1 Internal Control and Risk Management 26 7.1 Supply Chain Management 68
3.2 Business Ethics 29 7.2 Sustainable Supply Chain 70
3.3 Information Security and Privacy Protection 30
3.4 Intellectual Property Protection 31
CONTENTSAbout This Report
About This Report
This report is the second "Sustainability Report" (hereinafter referred to as "this report") published by Guangdong Greenway Abbreviations
Technology Co. Ltd. (Stock Code: 688345). It provides investors and other stakeholders with insights into the company's
philosophy on sustainability issues the management approaches it has established the initiatives it has implemented and
the results it has achieved in its operations. Guangdong Greenway Technology Co. Ltd. Greenway our company the company we
Basis and Principles of Report Preparation
Dongguan K-Tech New Energy Co. Ltd. K-Tech New Energy K-Tech
This report has been prepared in accordance with Shanghai Stock Exchange Self-Regulatory Guidelines for Listed
Companies No. 14—Sustainability Reporting (Trial) the Global Sustainability Standards Board (GSSB) GRI Standards the Dongguan K-Tech New Energy Co. Ltd K-Tech Wangniudun Branch K-Tech Branch Wangniudun
United Nations Sustainable Development Goals (UN SDGs) and other relevant standards frameworks and principles. Wangniudun Branch Branch Wangniudun Base
Reporting Period Contact Information
Time Frame: January 1 2025 to December 31 2025. To ensure the continuity and comparability of disclosed information If you have any questions or suggestions regarding the content of this report or Greenway's ESG initiatives please contact
certain data has been extended appropriately forward or backward. us via the following methods:
Publication Frequency: Annual report.Greenway: No.6 Tongsha Tonghuan Road Dongcheng Street，Dongguan City，GuangdongData Description Province
Contact Address
Internal Operational Systems: Environmental data including energy consumption and waste management are K-Tech&K-Tech Branch: No. 3 Lingang Road Wangniudun Town Dongguan City Guangdong
extracted from our environmental management system. Employee-related social data—such as recruitment training Province
and compensation and benefits—are obtained from the human resources management system. Information on Telephone 0769-27282088-889
corporate governance including governance structure risk management and compliance is collected through
financial and internal governance system. Email dms@greenway-battery.com
Internal Statistical Reports: Business-related statistical reports are regularly prepared and submitted by various
departments such as customer satisfaction surveys compiled by the sales department. These reports are consolidated and We will carefully review your feedback and ensure that your personal information remains strictly confidential.reviewed and serve as an important supplement to the ESG reporting data.Reporting Scope Other Statements
The Board of Directors of Greenway assures that this report contains no false statements misleading information or material
The scope of this report covers Guangdong Greenway Technology Co. Ltd. Dongguan K-Tech New Energy Co. Ltd. and
omissions and shall be individually and jointly liable for the authenticity accuracy and completeness of its content.Dongguan K-Tech New Energy Co. Ltd Wangniudun Branch.This report is published in both Chinese and English versions. In the event of any discrepancy in content or wording between
the two versions the Chinese version shall prevail.
4 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 5Message from the Chairman
Message from the All of the strategies mentioned above must ultimately land on the Giving back to society: remembering our shop floor and in every production step. roots as the company growsWe continue to use the TCFD framework to conduct climate risk
management and carefully inventory our greenhouse gas emissions Greenway has grown up from this land of Dongguan and as we
Chairman every year. Without clear reliable data there can be no meaningful develop we must give back to society.management. In recent years we have actively participated in rural revitalization
In recent years we have continuously advanced energy-saving providing employment opportunities to people lifted out of poverty
technological upgrades. Last year we completed multiple in Guangdong's targeted assistance regions. Every year we join
energy-saving projects and our comprehensive energy consumption
Dear shareholders partners colleagues and friends from all walks Dongguan's "Spring Breeze Action" to help people from impoverished per 10000 yuan of output value dropped by 25% cpmpared with
of life areas find jobs. We have deepened school-enterprise cooperation the previous year. We also promote circular use of materials striving with local universities and colleges to jointly cultivate professionals
Greetings to you all! to recycle wherever possible. This not only lowers costs but also in the lithium battery field. We also work with communities to carry
reduces carbon emissions. out safety education programs and publicity campaigns enhancing
For Greenway 2025 has been an extraordinary year. It marks the residents' safety awareness and prevention capabilities.fifteenth year since we settled in Dongguan in 2010 and began to Green operations are not a temporary campaign; they are work we
deeply cultivate the lithium battery sector. It is also a turning point must do every single day. Our low-carbon commitments are not just Running a business is in one sense about making money but
at which we emerged from the cyclical trough of the industry and written in a report—they are delivered step by step through real action. ultimately it is about creating value for society. By persisting
regained strong growth momentum. Supply?chain?wide collaboration: building in these efforts bit by bit we hope to contribute our share to achieving symbiotic and mutually beneficial development between
Looking back over the past few years industry headwinds market At the same time we forged deep cooperation with TüV Rheinland an "ecological rainforest" together with our the enterprise and society.volatility and internal challenges have arrived one after another. and jointly completed third-party verification of our products' carbon
Yet with a spirit of refusing to admit defeat the people of Greenway footprints. With the endorsement of an internationally authoritative partners Setting out again: aligning ourselves with
have made it through step by step. organization we can expand our products to overseas markets with
Today we have not only achieved explosive growth in electric greater confidence. Looking ahead we plan to work with certification Running a business is not a solo effort. Greenway's development
the "dual?carbon" goals
motorcycle batteries and reached full-capacity full-capacity bodies to co-develop standards so that compliance certification to where it is today has relied on the support of the entire industry
production and sales in large cylindrical cells; more importantly data governance and trustworthy traceability can be completed in a chain. Therefore sustainable development is not just our own
Standing at the milestone of our fifteenth anniversary and looking
we have gained a deeper understanding of "why we run a single integrated process paving a replicable compliance pathway for concern; we must bring our upstream and downstream partners
back Greenway has grown from the entrepreneurial dream of one
person into a listed company with over 2000 employees. What has
business" and "how to build a business for the long term." We are the whole industry. along with us. guided us along the way is our original aspiration: "to bring green
convinced that pursuing the path of sustainable development is the I have always believed that entrepreneurs must stay one step ahead Over the years we have been driving the construction of a green batteries to every household and every country and to keep the
fundamental way for a company to move steadily and go far. and plan in advance so that when transformation arrives they can supply chain: requiring suppliers related to mineral resources Earth clean."
to sign conflict-free minerals commitments; relying on our SRM
Keeping pace with the trend: making ESG the respond with composure. The compliance investments we make today will become our market access passes tomorrow. system to carry out full life-cycle management; and using green Over the past few years the industry has experienced great ups
"ballast" of corporate development procurement and regular guidance to help partners improve and downs and Greenway has also gone through its own growing
Rooted in technology: using innovation to together. We are keenly aware that if any link in the chain fails the pains. Yet it is precisely these challenges that have made us more determined: in running a business we must walk the right path and
Today the whole world is talking about carbon neutrality. The sustainability of the entire chain is compromised.build a "moat" for green development be responsible to the future to the environment and to society.EU Battery Regulation has already come into force and customer We are not simply "selecting" suppliers—we are jointly cultivating
requirements regarding carbon footprints and sustainable supply chains Green development is not a slogan; ultimately it must be delivered an ecological rainforest: with roots interlinked beneath the surface Going forward Greenway will take ESG governance as its guiding
are becoming more specific and concrete. This is not just pressure; it is through technology. branches and leaves touching above and rain and dew shared by all. framework continue to deepen technological innovation
direction. It is the only path for Greenway to expand globally. accelerate its global expansion and embed the gene of sustainable
The past few years have been difficult for the industry but we Putting people first: making employees and development into every aspect of the company. We also sincerely
Five years ago we started to reflect: when the whole industry is have never tightened our hand on R&D. This year our R&D the company a community of shared future hope to work hand in hand with all our partners and all colleagues chasing scale and competing on price how should Greenway move investment once again exceeded 146 million yuan. Relying on our to jointly drive the green transformation of the lithium battery
forward Our judgment was that future competition will inevitably CNAS-accredited laboratory and our provincial-level engineering industry and contribute Greenway's strength to achieving the
be about green development and about taking responsibility. technology research center we have tackled several tough In business people are the greatest asset. ESG is not only about the "dual-carbon" goals of carbon peaking and carbon neutrality.Therefore over the past few years we have calmed down and challenges in green technologies: full-tab structure that improve environment; it is even more importantly about people.focused on a few "slow but solid" tasks. energy efficiency and de-plasticization across the entire process Finally I would like once again to thank you all for your longstanding In recent years we have built a three-tier talent development trust in and support for Greenway.This year we officially rolled out our self-developed Battery chain that reduces environmental impact. These innovations not system—"Qingmiao–Qingning–Xinliu" (Young Seedling–Young
Passport system one of the earlier batch-level traceability systems only make our products more competitive but also tangibly lower Lime – New Willow)—so that from new graduates to mid-level core
in China that spans the entire chain from raw materials to recycling. energy consumption and emissions. employees everyone has a clear path for growth. We are promoting
From mining at the source to production and manufacturing to Our thinking is straightforward: technological innovation must greater diversity in our management team and giving more Chairman of Guangdong Greenway Technology Co. Ltd.end-use and finally to dismantling and recycling the full life-cycle create not only economic benefits but also environmental and opportunities to young people. We have established comprehensive
data of each battery is clear and traceable. social value. Being in the lithium battery business means making welfare and benefits for employees and opened the "Employee Zhiping Zhang
The system not only satisfies the requirements of EU regulations for greener batteries—that is our basic duty. Voice" channel through which employee concerns must be
carbon footprint accounting and verification of recycled material responded to within 72 hours.content; more importantly it allows us to truly understand our Integrating knowing and doing: embedding A company must give its employees a sense of future. When
entire supply chain and to assume responsibility for our products to green and low?carbon practices into every employees choose to follow you and devote their efforts they
the very end. This is not simply the go-live of a technical system— day of operations should not only receive a paycheck but also be able to grow it marks a crucial step in Greenway's evolution from "reactive to achieve personal fulfillment and to share in the fruits of
compliance" to "joint rule-making." development. Only such a company can truly be called responsible
and can gather genuine cohesion and collective strength.
6 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 7About Greenway
01
About Greenway
1.1 Company Profile
1.2 Corporate Culture
1.3 External Engagement
1.4 Corporate Honors
1.5 Key Performance Indicators in 2025
8 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 9About Greenway
About Greenway 2010 Company established marking its entry into the lithium battery industry.
1.1 Company Profile
Guangdong Greenway Technology Co. Ltd. established in 2010 is a certified high-tech enterprise in China specializing 2011 Launched e-bike batteries entering the green mobility sector.in the research and development (R&D) design production and sales of lithium-ion battery modules. The company is
committed to providing global customers with safe efficient and sustainable ODM and OEM solutions for light-duty lithium
battery applications. Its products are widely used in light electric vehicles (e.g. e-bikes and electric scooters) consumer
electronics and energy storage systems. Driven by technological innovation the company has established a fully integrated 2016 Released electric motorcycle batteries expanding product applications in green transportation.smart manufacturing and service system covering the entire value chain including material research cell manufacturing
BMS development SMT processing battery pack assembly product testing and after-sales service.In June 2021 the company was listed on the STAR Market of the Shanghai Stock Exchange becoming the first A-share listed
company in China with light electric vehicle lithium batteries as its core business. Headquartered in Dongguan the company 2017 Acquired K-Tech New Energy and established a European subsidiary initiating global expansion.has established three modern manufacturing and R&D bases forming large-scale and professional industrial platforms.Its core laboratory has been accredited by CNAS. Leveraging continuous technological innovation and strong market
performance the company has obtained multiple national and provincial honors including Guangdong Manufacturing Single
Champion Enterprise Guangdong Provincial Engineering Technology Research Center Guangdong Industrial Design Center 2018 Introduced portable energy storage products expanding into smart energy storage applications.and Guangdong Enterprise Technology Center. It has also been ranked among the "Top 100 Chinese Battery Enterprises" and
the "Top 20 Chinese Lithium Battery Export Enterprises" maintaining a leading position in the global light-duty lithium battery
industry and contributing to the sector's intelligent and green transformation.Headquarters base construction commenced laying a foundation for long-term growth in
2020
capacity and R&D.The company is committed to providing global customers with
Safe efficient and sustainable ODM and OEM solutions for light-duty
lithium battery applications. Listed on the STAR Market; launched residential energy storage products strengthening 2021
presence in energy storage.
2010
Dongguan Wangniudun base commenced operations; small and medium industrial energy
Guangdong Greenway Technology Co. Ltd. 2022 storage products launched.In June 2021 Headquarters base officially put into operation; large cylindrical cells achieved mass
2023
The company was listed on the STAR Market of the Shanghai Stock production significantly enhancing core technology and capacity.Exchange.
2024 Indonesia subsidiary commenced operations further strengthening global expansion strategy.
Development History
Since its establishment in 2010 the company has undergone three major strategic transformations achieving a leap from a
regional service provider to a global leader in lithium battery solutions. With technological innovation as its core driver and Wangniudun base relocation completed; Indonesia base achieved mass production delivery; U.S.forward-looking global expansion the company has built an integrated R&D production and sales international operation subsidiary established reinforcing overseas manufacturing presence. Selected in the ninth batch of 2025
system. Following its listing on the STAR Market in 2021 the company has accelerated its transformation toward advanced enterprises meeting the Lithium-ion Battery Industry Specification Conditions list released by the
intelligent manufacturing. It has achieved major breakthroughs in core cell technologies and established a vertically Ministry of Industry and Information Technology.integrated solution covering battery cells battery management systems (BMS) and battery pack assembly continuously
leading the green energy transition.
10 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 11About Greenway
Business Layout
The company focuses on the R&D manufacturing and sales of lithium-ion battery systems and lithium-ion cells committed
to providing safe efficient and green energy solutions to global customers. Its battery system business covers light electric
vehicle batteries consumer electronics batteries and energy storage batteries widely used in e-bikes electric motorcycles
electric scooters e-skateboards laptops drones robots AGVs medical devices portable energy storage and residential
energy storage systems. Mission
Bring green batteries to every household in every country to keep the Earth clean
With a global vision the company actively builds an international network to ensure coverage of major global markets forming a
diversified and globalized industrial footprint. We operate three production bases worldwide including the Dongguan Dongcheng
Technology Park headquarters base Dongguan Wangniudun cell R&D and manufacturing base and Indonesia PACK factory. We
have also subsidiaries in Hong Kong Europe and the United States establishing a global service network.Vision
Europe Customer service centers established in Belgium and Nantes France to respond quickly to To become the world's most competitive leader in lithium battery solutions
Market local market demand; preparation for a European production base is underway.North America
Sales representative office established in Dallas USA.Market
Values
Customer-centric honest and innovative Quality-driven safe and reliable
Hong Kong serves as an overseas procurement and sales hub supporting the supply
Asia?Pacific
chain; the Indonesia base integrates production and customer service effectively covering Striver-oriented respectful and growth-minded
Market
Southeast Asian markets.
1.3 External Engagement
Guangdong Battery Industry Guangdong Electric Vehicle Dongguan Lithium Battery
Association Chamber of Commerce Industry Association
Vice Chair Organization Vice Chair Organization Vice Chair Organization
China Chamber of Commerce for Electronic Product Safety Standards China Chamber of Commerce for
Motorcycle Working Group of the Ministry of Import and Export of Machinery
Member Organization Industry and Information Technology and Electronic ProductsFull Member Member Organization
Two?Wheeler Branch of the
China Machinery and Electronics China Industrial Association of Jiangsu Bicycle & Electric Vehicle
Chamber of Commerce Power Sources Association
Board Member Board Member Member Organization
China Bicycle Association Zhejiang Bicycle and Electric Tianjin Bicycle and Electric Bicycle Association Vehicle Industry Association
*The Vietnam Base and Kenya Office are newly added operational sites in 2026. Member Organization Member Organization Member Organization
1.2 Corporate Culture Dongguan Trade Development LEVA (European Light Electric
The company upholds the core philosophy of "empowering green development through technology" adheres to an Promotion Association Vehicle Association)
innovation-driven development strategy and is committed to promoting clean energy solutions globally. It strives to Member Organization Member Organization
contribute to carbon neutrality goals and promote harmony between humanity and nature.
12 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 13About Greenway
1.4 Corporate Honors 1.5 Key Performance Indicators in 2025
National High?Tech Enterprise 2025 Advanced PACK Enterprise Environmental Performance
Total GHG emissions (market-based) Total comprehensive energy consumption
21547.16 tCO2e 10532.19 tce
Scope 1 emissions Comprehensive energy consumption intensity
4482.30 tCO2e 3.85 tce / million yuan of revenue
Scope 2 emissions (market-based) Purchased renewable electricity
17064.87 tCO2e 17840 MWh
List of Publicly Announced "Specialized Refined Enterprises Shortlisted in the 9th Batch of the List of
Differential and Innovative" SMEs of Guangdong Entities Meeting the Conditions for Standardization of
Province (Dongguan) Lithium?Ion Battery Industry (MIIT 2025)
Social Performance
Customer satisfaction survey score R&D investment Supplier written survey coverage rate
94.7 points RMB146 million 100%
Governance Performance
Proportion of women on the Coverage rate of anti-corruption Incidents of corruption fraud conflicts
board training and communication of interest or money laundering
2025 Leading 2025 Advanced Science and Leading Brand in Lithium Battery 20% 100% 0
Enterprise Technology Innovation Unit Technology for Two?wheelers of
China in 2025
Mental health Incidents Occupational health
0 examination coverage rate100%
Collective Agreement Incidents of child labor forced or
Coverage Rate compulsory labor and discrimination
100%0
14 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 15ESG Leadership
02
ESG Leadership
2.1 ESG Governance Structure
2.2 Stakeholder Engagement
2.3 Assessment and Identification of Material Issues
2.4 Align with the United Nations Sustainable
Development Goals (SDGs)
16 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 17ESG Leadership
ESG Leadership Formulate specific measures and action plans to implement the company's sustainability
management policies.Promote and implement the company's integrity in business operations and risk management
2.1 ESG Governance Structure among other related tasks.
Develop sustainability-related policies and conducts regular reviews and updates.The company has established a well-structured ESG governance framework. The Board of Directors serves as the decision-making body Sustainability
providing oversight and strategic direction for all ESG-related matters. Under the Board Sustainability Committee General Manager Committee Track evaluate and revise the implementation and effectiveness of sustainability initiatives.is responsible for implementing the ESG strategies and initiatives set by the Board and the General Manager. These responsibilities are Handle other matters as assigned by the President.delegated to three working groups: Corporate Governance Environmental Governance and Social Responsibility Management. Through
a well-designed organizational structure and efficient management mechanisms the company has established cross-departmental
collaboration channels creating a closed-loop management system that integrates strategic decision-making implementation and Develop and execute detailed action plans across all sustainability dimensions in line with the
coordinated action. company's sustainability policies and objectives.Regularly collects and analyzes sustainability-related data and submits it to the Sustainability
Committee to track progress against performance targets.Board of Directors Decision?making Level Assists in the preparation of the annual sustainability report submits it to the Committee and
Working Group President for review and approval and supports its disclosure.General Manager Operation Level Performs other duties as assigned by the Committee.Sustainability Committee Executive Level
2.2 Stakeholder Engagement
Corporate Environmental Social Responsibility
Governance Group Governance Group Management Group Identifying key stakeholders is the first step in managing stakeholder relationships effectively. Through surveys interviews
industry analysis and public data collection the company identifies internal and external stakeholders including shareholders
employees customers suppliers government authorities non-governmental organizations (NGOs) and local communities.Stakeholders Communication channels Related topics
* Government inspections
* Exchange visits * Environmental Compliance
* Regular work reports Management
* Accessing policies on government * Anti-Bribery and Anti-Corruption
websites * Anti-Unfair Competition
Government and * Receiving official government * Employees
Regulatory Bodies documents
Review and approve the company's sustainability strategy and objectives. * Attending policy meetings
Review and approve the sustainable governance framework and key sustainable development
policies. * SSE e-Interaction
Ensure the effectiveness of risk management and internal control systems. * Phone * Research and Development
* Email * Anti-Bribery and Anti-Corruption
Board of Directors Assess risks and opportunities related to the company's sustainability initiatives and oversee * Earnings Conference Call
their implementation. Shareholders and * In-Person Discussion
Investors
Review and approve the company's sustainability report.Oversees the evaluation of the annual sustainability budget and performance outcomes * Satisfaction surveys * Research and Development
reporting findings to the Board of Directors. * Customer follow-ups * Product and Service Quality and
Closely monitor material sustainability issues that may significantly impact the company and * Regular communication Safety
General Manager reports them to the Board in a timely and accurate manner. Customers/Consumers * High-level visits and meetings * Stakeholder Engagement
18 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 19
Process and Information Center
Research and Development Center
Purchasing Department
Quality Assurance Center
Sales Department
Manufacturing Department
Manpower Administration Center
Operation Center
Research and Development Center
Manpower Administration Center
Legal Affairs Department
Strategic Planning Department
Finance Center
Board Secretary OfficeESG Leadership
Stakeholders Communication channels Related topics Conduct an analysis of the internal and external environment by considering the company's
Background activities and business relationships the objective external environment industry characteristics
* "Employee Voice" QR code
* Employees and feedback from stakeholders thereby providing a basis for the analysis of substantive issues.* Employee representative assembly
* Anti-Commercial Bribery and Anti-
* Suggestions for improvement Based on international trends national policy directions ESG standards analysis and industry
Corruption
* Signing of employment contracts Establishing benchmarking and with reference to domestic and international standards and framework
Employee * Anti-Unfair Competition* Satisfaction surveys the List guidelines the company identified material topics highly relevant to its operations and consolidated
them into a comprehensive list of issues.* Signing agreements and contracts Key stakeholders were invited to participate in an online survey on material topics. At the same time the
* SRM management system
* Supply Chain Security company analyzed the primary concerns of stakeholders such as communities and government authorities.* Quality management platform
* Product and Service Safety and
* Quarterly reviews and annual Based on the survey results the company assessed and integrated the impact and financial materiality
Quality
evaluations Double of each topic considering both its effect on internal operations and its impact on stakeholders.Supplier
* On-site audits Materiality Impact Severity Assessment: Evaluate the scale scope likelihood and irreversibility of the
Assessment potential impacts of issues to identify high-impact high-priority issues.* Pollutant Emissions Assessment of financial significance: Evaluate the financial impact of each material matter and the
* Job creation
* Rural Revitalization likelihood of such impact affecting the company's financial performance and prioritize them based
* Educational assistance
* Community Contributions on financial significance.Community
Issue Report In line with the company's strategic plan and business policies validate the results of the materiality assessment and disclose the dual materiality matrix.* Industry summits and technical * Research and Development
forums * Product and Service Quality and Based on the results of questionnaire surveys and industry research the company has identified key environmental social and governance (ESG) topics of concern to various stakeholders. Taking into account the company's business
* Development of industry standards Safety
Industry Partners characteristics each topic was assessed for its significance in terms of both external environment and financial
materiality resulting in the development of a double materiality matrix.A total of 21 topics were identified. Among them 2 topics were determined to be material in both financial and impact dimensions
* Addressing climate change 15 topics were determined to be material only in impact dimension For financially material topics the company places a high
* Anti-Commercial Bribery and Anti- priority on fully identifying associated impacts risks and opportunities and continuously improves its management policies
* Response to sustainability initiatives Corruption guidelines and measures in both management and operations.* Anti-Unfair Competition
Non-governmental
organization * Employees
* Climate Change Mitigation
* Pollutant Emissions
* Environmental monitoring and * Waste Management
disclosure of environmental * Ecosystem and Biodiversity
information Conservation
* Research development and launch of * Environmental Compliance
Environment environmentally friendly products Management
* Energy audits * Energy Utilization
* Water Resource Utilization
* Circular Economy
2.3 Assessment and Identification of Material Issues
The company refers to the requirements set forth in Shanghai Stock Exchange Self-Regulatory Guidelines for Listed
Companies No. 14—Sustainability Reporting (Trial) and GRI 3: Materiality 2021 among other standards and conducts the
identification screening and materiality assessment of ESG material issues through the following methods:
20 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 21ESG Leadership
2.4 Align with the United Nations Sustainable Development Goals (SDGs) SDGs Our Actions
Greenway actively supports the United Nations Sustainable Development Goals (SDGs) and aligns its business operations
with all 17 SDGs. The company has identified 12 SDGs closely related to its operations and developed specific action plans
to support the 2030 Agenda for Sustainable Development.* The company has established a comprehensive R&D system covering product design process
The following section provides a detailed overview of the alignment between the company and the 12 SDGs as well as development and product testing and validation.corresponding actions:
SDGs Our Actions * The company protects the rights of minority shareholders by separately disclosing voting results
of small and medium investors alongside overall shareholder voting results when reviewing major
matters affecting their interests.* The company actively promotes employment for people lifted out of poverty in Guangdong's
coordinated development regions providing stable job opportunities for vulnerable groups. * The company has established a full lifecycle quality management system and obtained ISO 9001 and
IATF 16949 certifications.* The company has developed a localized after-sales service mechanism for global customers creating
an integrated multi-channel service matrix combining online and offline services.* The company implements a robust occupational health and safety management system to
ensure a safe and healthy working environment for employees.* The company references the TCFD framework to identify climate-related risks and opportunities.* The company conducts regular organizational greenhouse gas inventories and improves greenhouse
gas emission data management.* The company carries out campus recruitment and talent development programs to enrich
young talents' knowledge and skills. * Gradually carry out product carbon footprint inventory.* The company has established a comprehensive training system covering onboarding training
technical skills training and management capability development. * The company has established a governance structure composed of the General Meeting of Shareholders
the Board of Directors the Supervisory Board and management ensuring clear responsibilities
transparency and efficient governance with compliant information disclosure practices.* The company upholds the principle of equal pay for equal work between male and female
employees strictly prohibits workplace gender discrimination. * The company is committed to business ethics and strictly prohibits bribery and unfair competition.* The company has established a Women's Committee to safeguard the rights and interests of
female employees.* Wastewater is treated in compliance with regulatory requirements before discharge to prevent
environmental pollution.* The company procures green electricity and renewable energy certificates with renewable
electricity accounting for 38.92% of total electricity consumption.* The company provides competitive compensation and benefits to employees.
22 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 23Corporate Governance
03
Corporate Governance
3.1 Internal Control and Risk Management
3.2 Business Ethics
3.3 Information Security and Privacy Protection
3.4 Intellectual Property Protection
24 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 25Corporate Governance
Corporate Governance Board GovernanceThe Board of Directors as the primary decision-making body is responsible for formulating development strategies
supervising operations and appointing and evaluating senior executives. In accordance with the Articles of Association
the company appoints and removes directors to ensure that the Board plays an effective role in major decision-making and
3.1 Internal Control and Risk Management operational governance. During the reporting period the Third Board of Directors was elected at the second extraordinary
The company fully complies with the Code of Corporate Governance for Listed Companies and has established a scientific general meeting.transparent and efficient governance structure composed of the Shareholders' General Meeting the Board of Directors Currently the company's board of directors consists of 5 members among whom 2 are independent directors accounting
and the management. With a clear governance framework effective risk management and strong information disclosure for 40%. This meets the requirements stipulated in the Company Law and relevant regulatory provisions. Female directors
practices the company aims to align the interests of shareholders employees customers and society. account for 20% of the Board. The Board members have diverse professional backgrounds including finance law
The three specialized committees under the Board of Directors including the Audit Committee the Nomination Committee technology and industry expertise ensuring independence and soundness in decision-making.and the Remuneration and Performance Evaluation Committee—effectively perform their designated roles providing The Board has established specialized committees such as the Audit Committee and the Remuneration and Nomination
strong support for the Board's decision-making. During the reporting period the company operated in full compliance with Committee. These committees have clear responsibilities and operate independently. Within the authorization of the
relevant governance regulations. It maintained strong independence and ensured standardized information disclosure. The Shareholders' General Meeting and under the principle of prudence they conduct scientific decision-making on major
company's corporate governance practices adhered to all applicable regulatory requirements. business activities and development objectives safeguarding the long-term interests of the company and all shareholders.During the reporting period the Board held 8 meetings and reviewed and approved 61 proposals. All major decisions
were made in strict compliance with the Articles of Association and relevant laws and regulations ensuring scientific and
Shareholders' General Meeting Nominating committee transparent governance.Board Governance Performance
Board of Drectors Audit Committee
Number of Board Meetings Held Number of matters under board Meetings review
8times 61items
Remuneration and Performance
Evaluation Committee
Risk Management
Protection of Shareholders' Rights and Interests The company has established a comprehensive internal audit governance framework with the Audit Committee which
operates independently of business and financial management as the core body. The company has formulated and
The Shareholders' General Meeting is the highest authority of the company and operates in compliance with the law to implemented the Internal Audit Management System forming a systematic and standardized internal audit mechanism
safeguard shareholders' rights. The company has formulated the Rules of Procedure for Shareholders' General Meetings in that clearly defines audit responsibilities workflows and management requirements. This ensures that audit activities are
accordance with the Company Law of the People's Republic of China and other relevant laws regulations and the Articles conducted in a compliant and well-regulated manner supporting the company's stable operations and sustainable growth.of Association. The internal audit function maintains organizational independence and reports directly to the Board of Directors or the Audit
The company holds one annual general meeting and convenes extraordinary general meetings when necessary. Committee thereby safeguarding the independence objectivity and authority of audit work at the governance level.Shareholders may vote online or offline ensuring convenient participation for all. This approach enables small and The company focuses on identifying and assessing operational and financial risks monitoring internal controls and
medium-sized shareholders to conveniently exercise their voting rights and enhances fairness and accessibility in verifying financial information accuracy. It also provides optimization recommendations to address weaknesses in
shareholder participation. Proposals resolutions and meeting minutes of the General Meeting are promptly disclosed management processes and internal control systems thereby continuously improving management efficiency. In cases
through the company's official website and designated platforms. where significant risks internal control deficiencies or other issues are identified during audits the audit function promptly
The Board of Directors is accountable to the Shareholders' General Meeting regularly reports on its work progress and reports to the Board of Directors and works with relevant departments to develop corrective action plans and ensure
accepts supervision and guidance. Through this mechanism the company ensures a scientific and democratic governance effective implementation.structure providing a solid institutional foundation for stable development. To fully leverage the supervisory and value-added role of internal audit the company recognizes and rewards audit
In addition to protect the rights of minority shareholders when reviewing significant matters affecting their interests the personnel who make outstanding contributions in risk prevention loss recovery and management improvement. At the
voting results of small and medium-sized investors are separately calculated and disclosed alongside the overall voting same time a strict accountability mechanism has been established. Departments or personnel who refuse to cooperate
results thereby safeguarding their legitimate rights and interests. with audits obstruct audit activities provide false information or engage in other violations will be subject to
disciplinary measures depending on the severity of the case including criticism administrative sanctions and
During the reporting period the company held three shareholders' meetings and all proposals were properly reviewed and financial penalties. Where suspected illegal activities are identified cases will be referred to judicial authorities
resolved. in accordance with the law thereby safeguarding the seriousness and enforcement of the audit system.
26 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 27Corporate Governance
Tax Management Information Disclosure
The company adheres to the core principles of "compliance honest reporting proactive management and value The company strictly complies with applicable laws and regulations including the Administrative Measures for Information
creation" and is committed to establishing an efficient and systematic tax management system. The company strictly Disclosure of Listed Companies to ensure the timely accurate and complete disclosure of financial information material
complies with national and local tax laws and regulations to ensure the legality and compliance of all tax-related matters. events and ESG-related information. This enhances the company's credibility and transparency in capital markets ensuring
Through standardized accounting and tax treatment the company ensures accurate timely and complete fulfillment that investors and stakeholders can access up-to-date information promptly and make informed investment decisions
of tax obligations while also actively applying for eligible tax incentives to support strategic development and business thereby avoiding market volatility or investor harm caused by information delays.decision-making.To effectively manage tax risks the company has established a multi-layered risk control mechanism. 3.2 Business Ethics
The company has established a Code of Business Conduct which all employees are required to sign. This code clearly
defines standards for corruption including bribery embezzlement abuse of power misappropriation of assets fraud and
The company has developed and continuously improved internal tax money laundering. It also prohibits conflicts of interest and any form of unfair competition. The company ensures that all
System and Process management systems and operational procedures covering all tax business activities adhere to principles of integrity fairness and ethical conduct.Development categories and business processes clearly defining responsibilities and The company is committed to fair competition and prohibits false information misleading statements or exaggerated
approval authorities to standardize tax handling at the source. claims to harm competitors. It also strictly prohibits the disclosure or illegal acquisition of competitors' trade secrets or
business strategies. Employees found in violation of fair competition principles will be subject to disciplinary actions
including warnings demotion or termination depending on severity. Serious cases will be referred to judicial authorities. If
business partners engage in unfair competition the company will terminate cooperation and pursue legal action.Dedicated tax management personnel have been assigned and In addition the company has signed Integrity Agreements with suppliers and partners clearly outlining mutual obligations
Professional Team organize training on tax laws and regulations is conducted to enhance to ensure ethical business practices.and Training compliance awareness and professional competence across the The company enforces a zero-tolerance policy for any employee involved in corruption. In accordance with the Employee
organization. Handbook such cases are handled strictly. Disciplinary measures include but are not limited to: warning demerit
demotion dismissal from position termination of employment contract recovery of illicit gains and where necessary
referral to judicial authorities for criminal investigation and prosecution.During the reporting period the company conducted anti-corruption risk prevention and compliance training. Through
the communication of representative cases and integrity-related warning education the company fostered a clean and
Routine Filing The company strictly manages invoice handling tax declaration tax integrity-driven business environment.and Accounting payment and tax documentation to ensure consistency of records
Management accuracy of tax calculations and timely filing. The company issued the Notice on Soliciting Leads on Improper Practices and Corruption strengthening proactive
engagement by openly collecting integrity-related leads from all employees suppliers and business partners. Both real
names reporting and anonymous reporting are encouraged. The company ensures strict confidentiality of whistleblower
information prevents information leakage and protects whistleblowers from retaliation. Appropriate incentives may be
provided based on actual circumstances. All reports whether named or anonymous are investigated and handled seriously.During the reporting period the company recorded no litigation or penalties arising from corruption bribery unfair
Regular tax health checks are conducted. For major transactions and
Risk Assessment competition fraud money laundering or conflicts of interest.changes in tax-related matters prior tax analysis and assessment are
and Self?Inspection
performed to identify and mitigate potential risks.Reporting mechanism
The company maintains effective communication with tax authorities Email
promptly responds to inquiries and inspections and develops
Communication jubao@greenway-battery.com
corrective action plans for identified risks. For significant uncertainties
and Response
professional advice is actively sought to ensure lawful and appropriate Address
resolution.Audit Department 11th Floor Greenway Headquarters
28 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 29Corporate Governance
3.3 Information Security and Privacy Protection Red/Yellow Zone
The company systematically divided its network architecture into a "Red Zone"
The company prioritizes data security user privacy and personal information protection and strictly complies with laws Segmentation
(high-value core asset domain) and a "Yellow Zone" (general business domain) with
and regulations including the Personal Information Protection Law of the People's Republic of China and the Data Security Security
differentiated security policies and access control rules.Law of the People's Republic of China. The company has established a comprehensive management framework including Architecture
the Greenway Group Information Security Management Control Procedure Information Security Audit Management
Measures and Information Security Reward and Penalty Management Measures to continuously strengthen data
compliance management.Redundant Dual? The original single-edge firewall was upgraded to a dual-device high-availability active-
The company has established an IT center for operations and processes as a dedicated information security management Firewall Upgrade standby architecture eliminating single points of failure and ensuring 24/7 stable
department. An information security manager has been appointed to oversee the planning and supervision of information at Network Edge network operations thereby strengthening perimeter defense.security identify information security vulnerabilities through internal and external information security audits and
continuously optimize the relevant management.Based on the existing disk-to-disk (D2D) backup system a tape-based offline archiving
Information Security Protection D2D2T Three?Tier layer was added forming a D2D2T (disk-to-disk-to-tape) backup architecture. This system
Backup System
balances backup efficiency and data security and ensures full lifecycle data protection.The company regularly reviews and updates its security protocols to address
emerging threats and protect stakeholders' information. In 2025 the company has conducted four internal information security audits covering file decryption R&D patents
An Information Security Incident Response Plan has been established to ensure enterprise-wide security risks and vulnerability assessments. No major cybersecurity incidents occurred and timely
rapid response and minimize losses in the event of security incidents. responses were made to ransomware phishing and online fraud threats.Risk Management
3.4 Intellectual Property Protection
During the reporting period the company regarded intellectual property as a cornerstone of technological innovation and
market competitiveness. It established a structured and data-driven intellectual property management system that covers
The company deploys advanced cybersecurity technologies such as firewalls and the entire lifecycle of patents providing robust support for innovation and compliance.data encryption to enhance system security and address vulnerabilities promptly.The company has formulated the Patent Management Regulations with the 2035 Laboratory taking the lead. At the
Technical Safeguards same time there is a dedicated patent engineer team responsible for managing patent-related work conducting patent
screening focusing on verifying the standardization of patent writing format and the accuracy of technical point expression
and strictly controlling the quality of patent output.Regular information security training is conducted to enhance employees' The company has established a standardized patent management framework that defines application procedures role
awareness and capabilities. responsibilities and output documentation requirements. A closed-loop management mechanism ensures streamlined
Conduct at least one drill of the information security contingency plan each year and standardized processes from application to authorization. Key aspects including patent filing and risk mitigation are
and establish a system for regular drills of the contingency plan.Employee Training systematically organized to improve employees' awareness of intellectual property protection. The company has developed
a categorized patent database structured by competitor technology domain region and patent type. Digital tools are
employed for patent data analysis to identify areas for improvement enhance management processes and minimize
intellectual property infringement risks.During the reporting period the company completed multiple key initiatives focusing on network architecture
optimization perimeter defense enhancement and full lifecycle data protection significantly strengthening overall
cybersecurity and compliance capabilities.
30 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 31Green Operations
04
Green Operations
4.1 Green Operations Management
4.2 Addressing Climate Change
4.3 Energy Utilization
4.4 Water Resource Utilization
4.5 Circular Economy and Resource Conservation
4.6 Biodiversity Protection
32 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 33Corporate Governance
Green Operations ISO 14001Environmental Management Certificate
4.1 Green Operations Management
Environmental Governance Strategy and Governance Structure
Greenway strictly adheres to the ISO 14001:2015 standard and has established a "top-down well-defined authority and
responsibility" environmental management system. An environmental management first-responsible person has been
appointed with senior management overseeing decision-making. The Human Resources and Administration Center serves
as the core execution body leading the development of specialized management plans for air emissions wastewater and
solid waste. Departments such as production warehousing and supply chain have designated responsible personnel to
ensure the implementation of environmental management measures in their respective areas. An internal supervision
post has also been established with the Human Resources and Administration Center conducting regular environmental
compliance self-inspections and rectifications. The company has also developed and published an environmental Greenway K?Tech Wangniudun Branch
incident management system and a QR code for reporting hazards to employees forming a "decision-making - execution -
supervision - optimization" closed-loop governance mechanism.In terms of institutional systems the company has built a comprehensive environmental management system matrix Air Pollutant Management
covering all scenarios including the Air Emissions Management Measures and Hazardous Waste Storage and Transfer
Management Procedures ensuring that environmental management is governed by clear rules and regulations. The atmospheric pollutants generated during the company's production processes include total non-methane
hydrocarbons VOCs particulate matter tin and its compounds and odour concentrations. The company has
developed an air pollutant management plan:
Environmental Policy
* Prioritize the use of low-volatility raw materials and clean energy to reduce
Compliance with Environmental emissions at the source.regulations protection Source Control
* Particulate matter and nitrogen oxides from boiler emissions are collected and
Resource Continuous discharged through high-altitude exhaust stacks.conservation improvement * Total non-methane hydrocarbons are collected and treated using "NMP
condensation recovery + rotary recovery devices" before being discharged through
high-altitude air pollutant stacks in compliance with standards.The company strictly complies with national and local ecological and environmental protection laws and regulations. It has * Non-methane hydrocarbons and VOCs generated during liquid injection film
obtained complete environmental protection certifications and all production processes have undergone environmental Treatment Measures wrapping and oiling processes are collected and treated using "two-stage activated
approval procedures. During the reporting period there were no environmental disputes public complaints environmental carbon adsorption devices" before being discharged through high-altitude exhaust
lawsuits or penalties for environmental violations. The pollutant discharge compliance rate was 100%. stacks in compliance with standards.* Kitchen fumes are treated using high-efficiency electrostatic oil fume purifiers.During the reporting period K-Tech conducted a clean production audit and implemented targeted optimizations based on
the audit results to ensure a high level of clean production.* Continuously improve monitoring and control facilities establish operational
Additionally the company conducts an annual environmental protection training and awareness campaign for all logs for air emissions treatment facilities and record equipment operating times
employees every June. The training covers topics such as waste management air and wastewater treatment and noise activated carbon replacement volumes and abnormal situations to ensure
control. The company also uses bulletin boards and other communication channels to promote environmental awareness
Monitoring and Control traceability of the treatment process.and knowledge among employees.As of the end of the reporting period the headquarters K-Tech New Energy and Wangniudun Branch have all obtained ISO To further reduce pollutant emissions K-Tech utilized steam for centralized heating which eliminates the emission of
14001 environmental management system certification. particulate matter nitrogen oxides sulfur dioxide and smoke blackness pollutants during the heating process.
34 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 35Corporate Governance
Wastewater Management
Arrange high-noise equipment in areas away from offices and employee rest zones.The company's wastewater mainly consists of small amounts of production wastewater and domestic sewage with core Optimized
pollutants including CODcr BOD5 SS and NH3-N. The company has built pre-treatment facilities such as three-stage septic tanks Facility Layout Establish isolation zones around high-noise areas to limit access and minimize noise
and oil separation tanks. Wastewater is divided into sedimentation compartments and sludge undergoes anaerobic nitrification exposure for employees.for decomposition. Kitchen wastewater containing oil is treated in oil and grease separation tanks before being discharged
into the domestic sewage network where it enters the septic tank for biochemical treatment. Once it meets the standards of
Guangdong Province's Water Pollution Discharge Limits the supernatant is discharged into the municipal sewage system.During the reporting period there were no instances of direct industrial wastewater discharge. Soundproofing Install soundproof walls or enclosures around high-noise equipment to effectively
The wastewater treatment facilities operated stably achieving a 100% treatment efficiency. Measures isolate noise sources and reduce noise transmission.
100%
The company regularly monitors noise levels within and around the facility including production workshops office areas
Solid Waste Management and the factory perimeter. During the reporting period all factory boundary noise levels complied with national standards
and no noise pollution complaints were received.The company's general solid waste includes lead-free tin slag waste offcuts waste packaging materials defective batteries
and waste samples. These are managed under the principle of "classified storage and harmless disposal." Dedicated Chemical Management
storage areas for general solid waste have been established with standard signage posted and open-air storage is strictly
prohibited. Disposal is carried out through qualified recycling entities with a total disposal volume of 182.70 tons during The company has established a comprehensive chemical management system covering the entire lifecycle of chemicals
the reporting period. from procurement to disposal. The Hazardous Chemicals Management Procedure ensures standardized and scientific
management to minimize environmental pollution caused by chemicals.Hazardous waste includes waste raw material tanks spent activated carbon waste organic solvents used protective
clothing and used cleaning cloths. Hazardous waste storage areas are constructed in compliance with the "Four
Prevents" (protection against wind rain sunlight and leakage) requirements with epoxy-coated floors bunds and Chemical
drainage systems. Hazardous waste is stored in classified and segregated areas strictly separated from general solid Maintain a detailed inventory of all chemicals including names quantities uses storage Inventory
waste and domestic waste. locations and hazard classifications.Management
Acoording to our Waste Management Procedures for record-keeping and transfer management the company has
established a full-process electronic and paper-based log system covering "generation - storage - transfer - disposal." During
hazardous waste transfer qualified disposal entities are carefully selected and transfer manifests are completed to ensure Chemical
compliance and traceability. During the reporting period 11.99 tons of hazardous waste were disposed of all through Classify chemicals and attach clear labels. Warning signs are placed in storage areas to Classification
qualified entities. indicate hazards and precautions.and Labelling
Additionally the company addressed the high disposal costs and non-compliance risks associated with adhesive-
contaminated waste barrels by implementing a special improvement project. By introducing PE bag liners at the source
compliant disposal was achieved.Chemical Select suppliers with legal qualifications and require relevant documentation (e.g.Noise Management Procurement MSDS) to ensure compliance.The company's noise primarily originates from production equipment operations. Recognizing the potential adverse
effects of prolonged exposure to high noise levels on employees' health and the surrounding community the
company has implemented various measures to reduce noise pollution:
Chemical Use logistics companies with hazardous materials transportation qualifications to
Transportation prevent leaks or accidents during transit.Based on the distribution and intensity of noise sources the facility layout was
optimized by centralizing high-noise equipment in zones away from office areas and
employee rest areas.Low?Noise Store chemicals in dedicated warehouses based on their properties (e.g. flammable
Prioritize the use of low-noise equipment to ensure compliance with national and local
Equipment Chemical corrosive toxic) equipped with ventilation temperature control fire prevention noise emission standards. Storage and explosion-proof facilities. Regular inspections ensure storage conditions meet
Regularly maintain and service equipment to prevent abnormal noise caused by aging standards.or malfunctioning machinery.
36 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 37Corporate Governance
Risk Type Specific Manifestation Impact on the company Risk Level
Develop standard operating procedures for chemical use specifying methods and
Chemical
precautions. Provide employees with necessary personal protective equipment such as 1. The EU's New Battery Regulation
Use
gloves goggles and respirators. requires carbon footprint certification
for imported batteries creating Medium-term: Lack of carbon
footpr in t ce r t i f i cat ion may
Transition Risk compliance barriers for exports. Mediumlimit market access for exports
- Policy and 2. Stricter entry standards for the new reducing market share.energy vehicle and energy storage
Collect chemical waste separately to prevent cross-contamination and secondary Regulation
Chemical industries.pollution. Dispose of chemical waste through qualified third-party entities in compliance
Waste
with environmental regulations. 1. The battery industry faces risks of
low-carbon technology substitution Medium-term: Delayed R&D may
such as solid-state and sodium-ion lead to obsolescence of existing
4.2 Addressing Climate Change Transition Risk batteries. liquid lithium battery capacity Medium
Under the guidance of the TCFD framework the company has regularly conducted climate risk and opportunity identify - Technological 2. Customers demand higher energy
increased customer attrition and
revenue decline.analyse and management. The company has established a comprehensive ESG governance structure integrating climate Innovation intensity and longer lifecycle for low-
risk and opportunity management into its strategic decision-making processes. Climate-related work is led by the Board carbon batteries.of Directors coordinated by the Development Committee and executed by dedicated working groups. For specific
responsibilities please refer to the "ESG Leadership" section of this report. 1. Downstream customers prioritize
"green attributes" as a core supplier Long-term: Non-green products
Risk Management selection criterion. may lose market competitiveness Transition Mediumand fail to enter top-tier customer
The company identifies climate risks through data analysis stakeholder engagement and internal research. Risks are Risk - Market 2. Consumer awareness of green battery supply chains.assessed using both quantitative and qualitative methods and targeted climate risk management measures are developed Preferences products is increasing.and implemented based on the assessment results.Risk Identification and Analysis Opportunity Assessment
The company refers to the TCFD frameworks to classify risks into physical and transition risks. Risks and opportunities are
analyzed across short-term (1-3 years) medium-term (3-5 years) and long-term (5-10 years) horizons. Opportunity Type Specific Manifestation Impact on the company Risk Level
Risk Type Specific Manifestation Impact on the company Risk Level 1. Expansion of the new energy vehicle
market drives increased demand for
Medium-term: Green product
1. Dongguan is prone to typhoons and power batteries. High-efficiency low- premiums lead to long-term High
heavy rain potentially causing Short-term: Product ion l ine Product carbon battery products can capture revenue growth.factory flooding and power outages. s h u t d own s r a w m a t e r i a l and Market market share and command premium
losses delayed order deliveries Opportunities2. Frequent extreme heat in summer pricing.affects the stability of lithium battery increased emergency costs. High
Physical Risk electrolyte production.- Extreme Medium-term: Increased costs
Weather 3. Rising sea levels in the Pearl River for factory reinforcement and
1. Green technology subsidies: Domestic
Delta pose long-term threats to equipment moisture-proofing. and international policies promoting Medium-term: Obtain subsidies
coastal raw material warehouses. low-carbon transitions can reduce for green R&D achievements based
innovation costs through subsidies.on domestic and international
2. Green financial support: The issuance
Technological policies. Medium
Short-term: Water resource of global climate funds is increasing Innovation and Long-term: Access green bonds
Climate change exacerbates regional dependency in cell production
annually and companies that disclose
Low Green Financing and financing at lower costs from
Physical Risk - water supply-demand imbalances. may lead to increased costs if
greenhouse gas emissions are more
Opportunities banks and financial institutions.likely to secure green loans and ESG
Water Resource mismanaged. fund investments.Constraints
38 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 39Corporate Governance
Strategic Response Measures 4.3 Energy Utilization
Greenway regards energy management as a core strategy for advancing green manufacturing and low-carbon transition.In accordance with the requirements and guidance of ISO 50001:2018 Energy Management Systems the company has
Short?Term Actions
formulated and implemented the Energy and Resource Consumption Management Procedure designating an Energy
Reduce fossil fuel usage by implementing waste heat recovery improving air compressors Manager to provide institutional assurance for the standardized and systematic operation of energy management. K-Tech
Energy
upgrading energy-saving technologies and replacing energy-efficient equipment. Develop New Energy has established a three-tier energy management system formed an Energy Conservation and Environmental
Transition
multi-scenario energy storage platforms to enhance energy efficiency. Protection Management Leading Group and promulgated the Resource Efficiency Reward and Penalty System of Dongguan
K-Tech New Energy Co. Ltd.Emergency Develop emergency response plans for natural disasters such as typhoons and heavy rain and
Management conduct regular emergency drills. During the reporting period the company established annual energy-saving targets implemented a "Company–
Department–Work Team" three-tier performance evaluation mechanism and directly linked energy-saving targets to the
Supply Chain Gradually improve Scope 3 data collection to provide a foundation for collaborative supply compensation of employees in the relevant departments.Collaboration chain decarbonization.Medium? to Long?Term Strategies 2025 Energy?Saving Target Achievement
Promote industry-academia-research collaboration projects to develop green products through
Product Greenway Headquarters K?Tech New Energy
cutting-edge research on solid-state/semi-solid battery systems and sodium-ion battery technology.Strategy Reduce energy consumption by 5% per RMB Reduce energy consumption by 30% per RMB
Develop a cloud platform solution for the new EU battery regulations. 10000 of output value compared to 2024 10000 of output value compared to 2024
Energy
Analyze the company's greenhouse gas emission trends develop emission reduction strategies
Conservation and Achieved Achieved
and targets and implement phased carbon reduction plans.Emission Reduction
Currently the company is actively building its energy management system in accordance with ISO 50001 requirements.Metrics and Targets2 During the reporting period the company has established its energy management policy energy management program
and targets clarified energy-saving tasks and completed the drafting and issuance of energy management system
GHG Emissions in 2024 (tCO e) GHG Emissions in 2025 (tCO e) documentation. The systematic energy management work is advancing in an orderly manner as planned and we are 2 2
expected to obtain ISO 50001 Energy Management System certification in 2026.Total Emissions Total Emissions
18185.2624736.14
(location based) (location based) Energy Management Practices
Total Emissions Total Emissions
20108.44 21547.16 Major energy-consuming equipment at the company meets or exceeds Grade 2 energy efficiency standards as defined by
(market based) (market based) national regulations. The company is actively building an online energy consumption monitoring system to enable real-time
Scope 1 Emissions 2297.28 Scope 1 Emissions 4482.30 monitoring of energy consumption data and timely identification of anomalies. Dedicated funds were allocated for energy-
saving technology upgrades. During the reporting period energy-saving audits were conducted resulting in self-inspection
Scope 2 Emissions Scope 2 Emissions reports that identified energy consumption processes and practical directions for improvement.
15887.9820253.84
(location based) (location based)
Scope 2 Emissions Scope 2 Emissions
17811.1617064.87
(market based) (market based) Valves installed on chilled water main pipes to enable bidirectional switching: water-
cooled chillers operating on residential electricity tariffs are activated during the day
Headquarters—Central Air while air-cooled modules are activated during industrial off-peak hours at night.Additionally the company has calculated partial Scope 3 emissions during the reporting period and will continue to Conditioning: Air?Cooled
improve greenhouse gas data conversion. During the reporting period the company's Scope 3 (Category 5) emissions Process chilled water and air conditioning chilled water systems are integrated and Module & Water?Cooled
amounted to 2.94 tCO e. standalone process chilled water equipment is decommissioned. 2 Chiller Integration
Energy-saving posters are distributed to advocate natural ventilation when indoor
Based on this we have set the emission reduction targets for the next three years: temperature is below 26° C.Taking 2025 as the baseline the company plans to reduce Scope 1 and Scope 2 greenhouse gas 2 The greenhouse gases we have accounted for include CO2 CH4 N2O、HFCs. The emission factors are calculated using the emission factor method with the gasoline combustion
emissions per 10000 RMB of revenue by 10% by 2028. emission factor sourced from the IPCC "2006 Guidelines for National Greenhouse Gas Inventories" (IPCC AR6) and the diesel combustion emission factor sourced from the National Greenhouse Gas Emission Factor Database. The electricity emission factor is based on the emission factor for the power grid published by the Ministry of Ecology and Environment
10% in the Announcement on the Release of the 2023 Power Carbon Dioxide Emission Factor on December 31 2025. The location-based electricity emission factor uses the 2023 average carbon dioxide emission factor for electricity in Guangdong Province 0.4419 tCO2/MWh and the market-based electricity emission factor uses the national average carbon dioxide emission factor for electricity (excluding non-fossil energy electricity in market transactions) with a power grid emission factor of 0.6096 tCO2/MWh. Based on this we have revised
the 2024 data.
40 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 41Corporate Governance
Smart temperature-locking panels have been installed. The chilled water supply Furthermore the company is committed to progressively achieving a clean and green energy structure by increasing the
Air Conditioning
temperature of the central air conditioning system is set to 11 ℃ . Redundant consumption volume and proportion of clean energy. During the reporting period the company's purchased renewable
Temperature
cooling tower fans are switched off and the cooling tower activation threshold is electricity amounted to 17840 MWh accounting for 38.92% of total electricity consumption representing a significant
Precision Control
set to 30℃ . increase compared with the previous year.The steam condensate pipeline layout has been retrofitted to achieve gradient Performance in 2024 Performance in 2025
Water System optimization changing the steam condensate flow direction from uphill to
Optimization downhill thereby reducing the pump energy consumption required to transport Purchased Renewable Purchased Renewable
condensate. Electricity Equivalent to Electricity Equivalent to
Steam condensate generated when the steam boiler is shut down is used as a
Waste Heat 6736 827.85 17840 2192.54
heat source for secondary utilization in the fan coil units of high-temperature
Recovery MWh tce MWh tce
rooms in workshops achieving efficient heat exchange.Percentage of Total Electricity Consumption Percentage of Total Electricity Consumption
A multi-scenario energy storage demonstration platform has been built
Multi?Scenario implementing a peak-shaving and valley-filling strategy to reduce electric 18.74% 38.92%
Energy Storage vehicle charging costs. Continuous 24-hour aging tests for large cylindrical cells
have been achieved improving testing efficiency by 50%.
4.4 Water Resource Utilization
Greenway prioritizes water resource management achieving comprehensive water conservation and efficiency
Energy?Saving Improvement Case improvements through systematic institutional development and technological innovation. The company's production
bases primarily rely on municipal water supplies for their water intake. Total water intake was 224717 tonnes a decrease of
To address inefficiencies in auxiliary equipment and process energy consumption the company has prioritized 5466 tonnes compared with 2024.equipment upgrades and process optimization. Semi-automatic equipment has replaced manual material
The company has formulated the Water Resource Management System and emergency response measures for water
handling reducing energy waste from frequent start-stop operations of auxiliary equipment. Laser welding process
scarcity establishing management standards covering water intake water use and wastewater discharge to ensure
parameters have been simultaneously optimized to achieve precise control of energy output.production continuity under extreme drought conditions. At the same time the company emphasizes water conservation
awareness by integrating the concept of "turn off valves immediately after use use water precisely" into daily operational
In addition the company places great emphasis on cultivating and communicating environmental awareness among standards through routine publicity activities and monthly water consumption data analysis meetings.employees. Energy-saving training is conducted and energy conservation and electricity-saving signage is posted in office
areas embedding energy-saving awareness into daily work and operations. An energy-saving incentive mechanism has Employee Water Conservation Guidelines
been established: employees and teams that achieve reductions in energy consumption propose energy-saving solutions
or carry out energy-saving technology upgrades are rewarded based on their energy-saving results encouraging employee Turn off faucets after use to prevent water from running unnecessarily.participation in energy conservation and consumption reduction. During the reporting period the company conducted a Report for repair immediately upon discovering leaks or damage in water
total of 2382 person-hours of environmental and energy-saving training. pipes faucets toilet flush valves or other fixtures.Employees are encouraged to take drinking water as needed to avoid waste.When cleaning utensils or items water usage should be reasonably controlled.Landscaping irrigation should be scientifically scheduled according to
weather conditions; water-saving irrigation methods are encouraged.Total Water Intake: Total Water Intake: Achieved a decrease of
2024 230183 2025 224717 5466tonnes
tonnes tonnes compared with 2024
During the reporting period the company's water intake compliance rate reached 100% with no water-related
environmental incidents occurring.
42 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 43Corporate Governance
4.5 Circular Economy and Resource Conservation Green Office
The company has established a full-process management mechanism for "classified collection circular reuse and Greenway is committed to building a green office environment through the circular utilization and value maximization of
compliant disposal." This mechanism defines storage standards responsibilities and disposal procedures for recyclable resources achieving a win-win outcome of resource conservation environmental friendliness and economic efficiency. The
materials such as raw materials and packaging ensuring traceable and compliant practices. company advocates paperless office practices encouraging employees to share information via email online collaboration
tools and cloud storage to reduce paper consumption. Recycling bins for used paper are placed in printing areas to enable
Core Practices waste paper recovery and reduce resource waste. Shared stationery corners have been set up in office areas placing
common office supplies such as paper and pens in communal areas for employees to share and reuse.Reusable plastic trays and wooden pallets are adopted for outbound shipments and
Packaging regularly collected for reuse. Collapsible plastic frames and qualified cartons from
Circulation suppliers are collected for secondary circulation; damaged cartons are transferred to
recycling companies for disposal.Electrolyte drums and foil material rolls are 100% collected back by suppliers.Material NMP used in production is recovered through a dedicated system and sent for
Recovery purification and reuse. Production surplus materials are returned to the warehouse in
accordance with regulations and reusable inner packaging materials (moisture-proof
bags bubble wrap) are used repeatedly.Non-conforming raw materials are isolated and returned to suppliers. Waste materials
Compliant such as plastics metals and scrapped batteries are transferred to headquarters or
Disposal entrusted to qualified organizations for disposal with no record of non-compliant 4.6 Biodiversity Protection
disposal. All new construction expansion and renovation projects at Greenway and its subsidiaries undergo ecological impact
assessments in accordance with the Technical Guidelines for Environmental Impact Assessment—Ecological Impact (HJ
19-2022). Assessment results confirm that the company's production bases and operational sites are not located within
When a product is deemed irreparable during rework the scrap procedure is initiated.Scrapped ecologically protected or controlled areas and are designated as industrial land in park planning.After disassembly reusable components and raw materials are identified and
Products
reintegrated into production or inventory. No significant impact on biodiversity has been identified in the company's operations products or services. At the same
time the company strictly complies with relevant laws regulations and policies including the Opinions on Further
Strengthening Biodiversity Conservation issued by the General Office of the State Council the Law of the People's Republic
of China on the Prevention and Control of Soil Pollution and the Regulations on Groundwater Management . Regular
Use of FSC?Certified Recycled Packaging Materials environmental impact monitoring is conducted and monitoring results are disclosed.FSC certification is an international certification issued by the Forest Stewardship Council designed to ensure the
sustainable management of forest resources. FSC-certified products are sourced from sustainably managed forests or
manufactured from recycled materials.To increase the use of renewable packaging materials the company uses FSC-certified recycled materials in its
production packaging and transportation processes ensuring that the sources of these materials meet sustainability and
environmental standards preventing illegally harvested or destructively harvested raw materials from entering the supply
chain and promoting responsible consumption of forest products. Additionally producing recycled materials consumes
less energy than virgin materials reducing carbon emissions.Weight of FSC-Certified Recycled Packaging Materials Used: 4.2tonnes
44 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 45Product Liability
05
Product Liability
5.1 Product Quality and Safety
5.2 Customer Service and Support
5.3 Marketing and Labeling
46 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 47Product Liability
Product Liability Full?process Quality ControlThe company has established an end-to-end quality control system covering R&D procurement production
inspection warehousing and logistics. Error-proofing management is implemented throughout to comprehensively
mitigate product quality risks.
5.1 Product Quality and Safety
For each new product safety risk analysis (FMEA) and manufacturability assessments are
The company has established a quality management structure focused on the Quality Assurance Center Product Quality conducted to embed error prevention concepts and optimize structural design eliminating
Center and After-sales Service Center all of which report directly to the CEO. This structure enables a full lifecycle closed- potential quality and compliance risks at the source.loop quality management approach spanning R&D production and after-sales services. A comprehensive lifecycle
quality management system has been developed supported by a series of internal policies including the Process Quality The company adopts the Integrated Product Development (IPD) framework incorporating
Abnormality Handling Management Regulation and the Product Recall Management Measures. These policies clearly define Advanced Product Quality Planning (APQP) tools to identify Critical-to-Quality (CTQ)
quality responsibilities across all roles and establish a closed-loop mechanism featuring pre-risk identification real-time characteristics through cross-functional collaboration and to carry out comprehensive R&D Stage
process control and post-event review and optimization ensuring standardized and efficient system operation. reliability validation.At present Greenway K-Tech New Energy and K-Tech Wangniudun branch have all obtained ISO 9001 Quality Management Quantitative Quality Gates are established at each stage of product development defining
clear standards for requirement analysis design verification and process implementation
System certification. In addition Greenway Headquarters and K-Tech New Energy have been certified under IATF 16949 ensuring full traceability and both product quality and development efficiency.ensuring compliance with stringent quality standards in industries such as automotive and medical devices. In addition the
company obtained ISO 13485 quality management system certification in 2024. During the reporting period following the A supplier quality grading and evaluation system is in place. Annual assessments are
relocation of K-Tech branch the company has resumed related work and plans to obtain the certification in 2026. conducted in accordance with the Supplier Development and Management Policy . A "dual-
inspection and batch-by-batch testing" approach is applied to incoming materials where
two inspectors verify each batch to ensure quality. Suppliers are required to obtain ISO 9001
ISO 9001 Procurement Stage certification and are progressively encouraged to achieve IATF 16949 certification preventing
non-conforming materials from entering inventory.Standardized operations are implemented with automation applied to critical processes to
reduce human error. Pre-operation verification and first piece inspection systems are enforced
alongside multiple quality control checkpoints and complete data traceability. While improving
Production Stage efficiency for core products such as 34145 large cylindrical power batteries the company
consistently upholds strict quality standards.The company is equipped with testing facilities that comply with international standards and
staffed by professional teams. All products undergo comprehensive testing prior to shipment
strictly adhering to full-dimension inspection and functional testing requirements ensuring zero
Inspection Stage missed or incorrect inspections. The testing center is capable of conducting tests in accordance
with standards including GB 43854 UN38.3 IEC 62133 EN 50604 GB 31241 and GB/T 36972.Greenway K?Tech New Energy K?Tech Wangniudun Branch
Valid until July 2026 Valid until June 2027 Valid until September 2028 Products are labeled based on inspection results (e.g. qualified or non-qualified). Qualified
products are stored in inventory while non-conforming products are clearly identified and
IATF 16949 segregated and handled in accordance with the Non-conforming Product Control Procedure
Warehousing Product Identification and Traceability Control Procedure to ensure that product quality
remains controllable and fully traceable.Error?proofing inspections
Greenway K?Tech New Energy
Valid until February 2027 Valid until January 2027
48 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 49Product Liability
Product Recall
If the company identifies that delivered products contain excessive hazardous substances or present material safety risks that are Improvement Case – Optimization of Upper Tray on Electrolyte Filling Machine
beyond its control (e.g. delivered to customers or ownership transferred) and such products may cause or have already caused
safety incidents the company shall promptly initiate the product recall procedure. Before Improvement After Improvement
The wall thickness of the electrolyte filling cups on A PP (polypropylene) solid plate was added to the
Identification and Convene a dedicated task force to conduct a recall assessment and make every effort to the upper tray was relatively thin making them prone upper tray to protect the filling cups. The protective
Evaluation of Products recall all affected product batches. Where necessary retain and re-inspect samples from to damage during equipment operation and handling. plate is aligned in height with the cups allowing
Subject to Recall adjacent batches for verification. If not identified in a timely manner this could lead to trays to be stacked without causing damage. This
Identify all relevant stakeholders involved in the recall process. Based on stakeholder defective electrolyte filling at the affected positions design effectively prevents damage from collisions
Recall Procedure characteristics select appropriate communication channels to issue recall notifications increasing the defect rate. In addition damaged trays during handling and equipment operation while also
and document the process in a Product Recall Registration Form. were difficult to repair. improving durability and ease of use.Recalled products must be clearly identified and segregated before handling. After
Handling of Recalled recall they shall be treated as non-conforming products subject to internal review with
Products defined disposition actions. Once all products specified in the recall plan have been fully
recovered and properly handled the recall activity shall be considered closed.Quality Improvement
To continuously enhance quality management and improve operational efficiency the company has expanded the use
of Six Sigma methodology. This approach focuses on key areas such as production process optimization quality defect
prevention supply chain efficiency improvement and cost reduction serving as an important tool for driving quality
improvement and cost control. Quality Culture Development
To ensure effective implementation and to cultivate internal improvement capabilities the company has organized systematic The company promotes quality culture development by emphasizing accountability and fostering organization-wide awareness
Green Belt training programs and conducted rigorous certification examinations. A support system combining internal experts integrating cultural cultivation with practical quality management and system enhancement. In 2025 under the theme
and external consultants has been established to provide professional guidance throughout project execution. "Quality Awareness Begins in the Mind Responsibility is Practiced in Action" the company launched a comprehensive "Quality
Month"campaign covering all employees.Successfully completed the evaluation of Conducted Green Belt training for a total of 302
19 Six Sigma improvement projects participants throughout the year
19 302 2025 “Quality Month” Activities
Generating verified benefits of RMB 7.02 With 35 employees successfully passing the certification Quality culture initiatives are grounded in full employee
million exam and obtaining Green Belt credentials participation aiming to translate quality concepts into
702 35 tangible practices. The company organized a quality slogan collection campaign open to all employees as well
as an online quality knowledge competition across three
major regions enabling employees to "learn anytime and
The company regularly organizes Lean improvement proposal initiatives encouraging full employee be assessed anywhere." Learning was further reinforced
participation and embedding Lean management principles into every aspect of operations to drive continuous through engaging activities such as quality-themed
improvement and efficient performance. lantern riddles during the Mid-Autumn Festival making
quality education both accessible and enjoyable. These efforts help employees integrate quality standards and
A total of 13981 Approximately RMB professional knowledge into their daily work strengthening quality control in operational practices.improvement proposals 13981 23.12 million yuan in cost million
were submitted this year savings were achieved. ￥23.12 To institutionalize continuous quality improvement the company launched regional improvement challenge competitions encouraging team-based participation across departments. Employees focused on addressing on-
site quality pain points and operational bottlenecks implementing targeted improvements in areas such as IQC
During the reporting period the company systematically reviewed quality losses arising from quality and safety issues as well inspection efficiency and workstation labeling standardization thereby enhancing initiative and engagement in
as violations of quality red-line standards. Corresponding reward and penalty measures were implemented based on severity quality improvement. Additionally cross-departmental quality debate competitions were organized to promote
directly linking quality performance with employees' personal interests. in-depth discussion and critical thinking break down cognitive barriers between departments and strengthen
collaboration. These activities reinforced key quality management principles—such as balancing source control with
Through these initiatives Lean management principles have been effectively translated into practical actions across the entire collaborative improvement and combining incentives with discipline—bringing new perspectives to the company's
production process. Employees at all levels are encouraged to identify issues and propose improvements forming a virtuous cycle ongoing quality management optimization.of full participation that optimizes production processes while enhancing product quality and operational efficiency.
50 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 51Product Liability
To comprehensively mitigate product safety risks the company implements end-to-end safety control covering source
Quality Month Special Report on Greenway People prevention in-process control and final product inspection ensuring seamless safety management across all stages.The company prioritizes safety-by-design focusing on the safety of product architecture. Key
R&D Stage components are subject to refined safety management and formal safety reviews to eliminate
potential risks such as electrical short circuits and structural failures at the design stage.A supplier safety assessment mechanism has been established focusing on safety performance
Procurement
verification of key raw materials such as battery cells. Suppliers are required to provide RoHS test reports
Stage
ensuring that materials with potential safety risks are excluded from incoming inspection and inventory.Production Strict implementation of work preparation verification and first piece inspection systems is
Stage carried out. Critical processes are subject to enhanced control to prevent component damage caused by installation stress and to mitigate risks such as sulfation failure and silver migration.The company is equipped with dedicated safety testing facilities including charge/discharge
Testing cabinets nail penetration and crush test machines and thermal shock chambers. Comprehensive
electrical and structural safety tests are conducted in accordance with requirements with a focus
Stage on identifying risks such as short circuits and leakage ensuring that non-compliant products are
not released to the market.Structural Optimization – Full Tab Design Enhancing Product Quality and Safety Performance
Product Safety Management The full tab (all-tab) structure is an important technological innovation in the field of power batteries. Compared
with traditional tab designs it significantly shortens the ion and electron transport pathways enabling more
The company strictly manages restricted and hazardous substances as defined in international standards such as RoHS uniform and efficient current distribution within the cell and substantially reducing internal resistance. This directly
and REACH. With a Hazardous Substances Free (HSF) design principle at its core the company ensures full compliance with improves charge and discharge efficiency while reducing energy loss.customer requirements and international environmental regulations from the early stages of product development. The
company has obtained IECQ QC 080000 Hazardous Substance Process Management System certification ensuring that In addition due to shorter and more evenly distributed current paths heat generated during high-power charge
products meet international environmental and quality standards. and discharge is more effectively dispersed preventing localized overheating and significantly reducing the risk of
thermal runaway. As a result the battery demonstrates improved safety and reliability under fast-charging and high-
power operating conditions.Currently multiple products of the company have obtained relevant safety certifications and have been included in the
Battery Industry Standard Conditions enterprise list. During the reporting period the company recorded zero product
quality or safety incidents.
3C Certification RoHS EN 50604 EU Battery Law
52 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 53Product Liability
5.2 Customer Service and Support During the reporting period the company optimized its overseas after-sales system. The Nantes After-sales Service Center in France provides services including battery return repair and on-site technical support. Localized service reduces greenhouse
The company has established dedicated customer service policies including the Complaint Handling Control Procedure gas emissions associated with cross-border transportation while improving service efficiency and quality. The after-sales
and Product Return Management Procedure. A cross-functional coordination mechanism has been implemented forming model focuses on "fast response accurate diagnosis and reliable resolution." Faulty batteries are registered immediately
a closed-loop management process of "acceptance – analysis – corrective action – verification – optimization" ensuring the upon arrival with customers promptly informed of repair timelines solutions or replacement recommendations. Repairs
protection of customer rights and the delivery of high-quality services. are completed within 8 working days. Root cause analysis is conducted to avoid recurring issues and comprehensive after-
Upholding a "customer-centric" service philosophy the company focuses on core customer needs and potential sales records are maintained to ensure closed-loop complaint management.expectations. Through standardized complaint and return handling processes and continuous product and service In 2025 the company received 155 customer complaints related to products and services all of which were resolved
improvement the company strengthens customer loyalty and brand trust achieving coordinated development of customer satisfactorily.value corporate performance and social responsibility.Omni?channel Communication and Feedback Mechanism Comprehensive Protection of Customer Rights
The company fully safeguards customers' rights to information and fair trade. Product information safety warnings and
The company has established multiple customer feedback channels including phone letters and email. For minor issues after-sales policies are accurately disclosed without concealment or misleading statements effectively protecting customer
raised via verbal complaints immediate responses and assistance are provided. For formal complaints affecting product legitimate rights and interests. Customer personal data is strictly protected with zero tolerance for data leakage or misuse.usage a standardized handling process is initiated to ensure timely attention and response building a transparent and During the reporting period there were no privacy-related complaints or violations.efficient stakeholder communication bridge.Standardized Complaint and Product Return Management Customer Satisfaction
The company places high importance on customer satisfaction and has established the Customer Satisfaction Management
The company strictly implements the "2485 principle" for complaint handling: provide an initial response within 2 hours; Policy. Regular customer satisfaction surveys are conducted and results are systematically analyzed and summarized in
implement emergency containment measures and a second response within 24 hours; complete root cause analysis and reports. For cases of customer dissatisfaction a Non-conformance Report is issued and corrective and preventive actions are
develop corrective action plan within 48 hours (third response); complete verification provide a fourth response and submit implemented by responsible internal departments. Results are fed back to customers and continuous improvements are made
the 8D report within 5 working days. Returned product management is strictly classified and controlled with standardized in new product development pricing project management and process capability to enhance overall satisfaction.processes for return application tiered approval quarantine and repair inspection and re-shipment. A clear mechanism
for responsibility determination and cost allocation ensures fair compliant and efficient handling of product returns. In 2025 Greenway achieved a customer satisfaction score of 94.7 points.
2 5.3 Marketing and Labeling hours 48 hours Compliant Marketing
Provide an initial response within Complete root cause analysis and develop corrective action
plan within 48 hours and response for the third time The company adheres to an integrity-based marketing philosophy and has established a content review mechanism jointly
24 managed by legal compliance and marketing departments. False advertising exaggerated claims and discriminatory hours 5 marketing are strictly prohibited. All marketing activities comply with the Advertising Law and the Anti-Unfair Competition Implement emergency containment measures and a working days Law. During the reporting period there were no marketing-related penalties legal disputes or negative public incidents
second response within Provide a fourth response and submit the 8D report within demonstrating strong compliance and corporate integrity.Product Labeling Compliance
The company strictly follows national and industry standards for product labeling management ensuring that all labels
The company is committed to source prevention and continuous improvement integrating customer feedback into are truthful complete and accurate. Product labels include essential information such as product name specifications
full product lifecycle management. Through complaint and return data analysis potential risks in design production manufacturer applicable standards and safety markings with no omissions errors or misleading descriptions
and supply chain processes are identified driving improvements in R&D design manufacturing processes and supplier maintaining strict compliance standards.management. A design failure database has been established to extend lessons learned from complaints to similar
products enabling proactive prevention of recurring issues.Responsible After?sales Support
The company has established localized after-sales service mechanisms for global customers and built an integrated "online
+ offline" multi-channel service network. The service network covers multiple countries including China Belgium and
France providing customized services such as on-site repair and cross-border rework. Clear after-sales policies define
warranty scope and responsibility allocation safeguarding the fair rights of global customers. A structured returned product
handling mechanism has been established enabling precise repair for repairable products and dismantling and recycling
for non-repairable products maximizing material utilization and supporting circular economy principles. In addition an
after-sales spare parts mechanism has been established to ensure service continuity.Customer service personnel receive regular training on professional skills and compliance covering key topics such as
customer rights protection and product knowledge continuously enhancing customer service quality.
54 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 55Innovation-Driven
06
Innovation?Driven
6.1 R&D and Innovation
6.2 Green R&D
6.3 Industry Collaboration and Development
56 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 57Innovation-Driven
Innovation-Driven Technical CapabilitiesLeveraging six core technical competencies the company has established end-to-end competitiveness in lithium
battery technology. It has independently developed Battery Management Systems (BMS) and multi-chemistry
compatible cells equipped with a full-lifecycle management platform for early detection of battery health issues and
6.1 R&D and Innovation cloud-based optimization. Hardware safety and environmental adaptability have been enhanced through thermal
The company has developed a comprehensive R&D system that integrates product design process technology runaway prevention technology weld-free structural design and IPX7 protection. The company employs software-
research and product testing and verification. It operates a professional battery testing laboratory accredited by the hardware co-design to support multi-cell parallel configurations and a wide voltage platform (36V to 400V) combined
China National Accreditation Service for Conformity Assessment (CNAS). The company has established a Provincial- with structural thermal and performance simulation technologies to predict reliability. This creates a comprehensive
Level Enterprise Technology Center in Guangdong Province. It has also been approved to set up a Postdoctoral technology ecosystem that integrates material innovation intelligent control and application scenario validation
Innovation Practice Base and a Doctoral Workstation in Guangdong Province. The subsidiary K-Tech New Energy delivering high-safety long-life and highly adaptable lithium battery solutions for energy storage light electric
prioritizes R&D and innovation and has been recognized as a National High-Tech Enterprise. Currently the company vehicles and consumer electronics.employs 478 R&D personnel.To foster employees' innovation awareness K-Tech New Energy has formulated the Project Incentive Measures which
reward teams for advancing new product development applying for patents and creating proprietary technologies
or substitute products. The company has also established various awards including Innovation Awards (First
Second and Third Place) Outstanding Awards and Encouragement Awards to motivate employees to enhance their
innovation capabilities. During the reporting period the company invested over RMB 146 million in R&D.Patent Application Overview
Invention Patents
Number of applications Number of awards Cumulative number of Cumulative number
this year this year applications obtained
281718278
Utility Model Patents
Number of applications Number of awards Cumulative number of Cumulative number
this year this year applications obtained
8490556474
Design Patents
Number of applications Number of awards Cumulative number of Cumulative number
this year this year applications obtained
2435241222
Software Copyrights
Number of applications Number of awards Cumulative number of Cumulative number
this year this year applications obtained
Category 42 38 178 171
Ph.D. Master's Degree Bachelor's Degree Associate Degree and Below Total
2 51 226 199 Number of applications Number of awards Cumulative number of Cumulative number this year this year applications obtained
0.42%10.67%47.28%41.63%1781801157945
58 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 59Innovation-Driven
6.2 Green R&D Green R&D Achievements
Key R&D Directions
The company is building an industry-leading integrated intelligent R&D platform that combines a "high-precision Systematic Technological Breakthrough: Full?Chain De?Plasticization Design from Cell to Battery Pack
digital twin model AI early warning system and virtual cockpit." This platform enables virtual testing under more
than 300 extreme operating conditions significantly reducing the need for on-road vehicle testing. By leveraging
core digital and intelligent capabilities the platform drives rapid product iteration and enhances compliance and In response to the three core requirements of the most recent Chinese standards—fire prevention quality control
competitiveness in the global market. and anti-tampering—as well as upgraded indicators for plastic weight restriction and enhanced flame retardancy
Greenway's R&D Center established a dedicated project team committed to enhancing battery safety performance
Battery Passport and achieving battery de-plasticization.To proactively address the new global green trade compliance requirements introduced by the EU Battery Regulation
the company continues to focus on R&D in the field of green compliance and has successfully developed a cloud Diversified Cell Solutions
platform solution tailored to the new EU battery regulation.In addition to conventional products such as 18650 21700 26700 34145 and prismatic cells we have also
The company has streamlined and integrated production data supporting three differentiated data transmission incorporated pouch cell designs while designing. Taking the DM500 project as an example the use of pouch cells
solutions: QR code scanning and IoT modules. By scanning the QR code on the battery label users can access the completely eliminates the need for two complex plastic structural brackets used to secure and isolate cylindrical
battery's static data enabling full traceability and visibility of both static basic information and dynamic operational cells. This not only simplifies the internal structure of the battery pack and reduces the number of components
data throughout the battery's lifecycle. and assembly processes but also directly decreases the use of plastic parts. This marks a critical step towards the
evolution of battery packs in the direction of lightweight design higher energy intensity and "de-plasticisation."
The plastic weight ratio of the DM500 is 17% while the plastic weight ratio of the DM650 is reduced to just 1%.Integrated Protection Board and Transfer Board Solution
This approach completely eliminates the protection board brackets extensive wiring harnesses and plastic
connectors required in traditional designs achieving physical structure de-redundancy. By removing these
plastic structural components the unnecessary use of plastics in the battery pack is directly reduced meeting the
most recent Chinese standards' guidance on material environmental friendliness and lightweight design while
enhancing reliability.The company has completed the development of a mobile app compatible with both iOS and Android systems as
well as the deployment of overseas servers that meet EU data storage requirements. At the same time the company
is advancing the in-house development of IoT modules tailored to electric vehicle products and is building a
comprehensive product data information library. Through technological R&D the company empowers full lifecycle
management of its products.
60 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 61Innovation-Driven
Magnesium Alloy Casing Design 1.Multi-component bulk-phase doping in-situ construction of interfacial protective layers
and P2/O3 dual-phase composite synergistic modification methods are employed to
Compared with the previous-generation DM500 the new battery pack's casing design represents a material eliminate residual alkali on material surfaces suppress lattice oxygen escape and deliver high stability in both the bulk phase and at the interface thereby achieving high specific
science breakthrough. High-performance magnesium alloy comprehensively replaces traditional plastics. efficiency.Magnesium alloy delivers extremely high structural strength non-flammability and excellent thermal
conductivity facilitating the construction of a more efficient and uniform thermal management system and 2. Through high-temperature carbonization pore-forming and heteroatom doping
extending battery cycle life. technologies the hard carbon structure is regulated to enhance sodium storage active sites
and improve reversible capacity and cycling performance achieving the preparation and
large-scale industrialization of high specific capacity hard carbon anode materials.Key
Innovations 3. Novel binders conductive agents and functional electrolytes are developed; cell
structures electrode fabrication and energy storage battery manufacturing processes
are optimized to develop unit cells with an energy intensity of no less than 150 Wh/kg and
a lifespan exceeding 3000 cycle life. The safety of core stages including "materials–cells–
battery modules–battery packs" is systematically studied to achieve the industrialization and
large-scale energy storage application of high-energy-intensity long-cycle-life and highly
safe sodium-ion batteries.Extreme Cold Environment Product R&D — Snow?Clearing Robot Battery
To support the company's partner brand in launching the world's first intelligent high-performance snow-clearing
Ultimate lightweighting: Lighter weight and higher energy intensity meeting the customer- robot targeting the North American and European markets the battery is required to retain no less than 80% of its
required weight of ≤ 8.5 kg; room-temperature discharge capacity at -20℃ support standard current charging and ensure absolute safety in
icy and snowy conditions. Greenway's R&D Center established a dedicated project team to meet these parameter
requirements while pushing the performance boundaries of lithium batteries in extreme cold environments.Extended range: Capable of meeting the 45A continuous discharge requirement delivering
stronger power support and longer range; Active Heating and Intelligent Thermal Control: Building an Internal "Microclimate" System
Cell level: Carefully selected wide-temperature-range low-internal-resistance power cells rigorously verified through
Technical Safety and reliability: The entire PACK system successfully passed IPX7 protection rating comprehensive laboratory testing with low-temperature discharge performance exceeding industry benchmarks.Highlights 1-meter drop test and continuous random vibration testing. System level: Proprietary patented heating technology. This technology embeds ultra-thin flexible heating films
inside the PACK coupled with a high-precision temperature sensor network with real-time decision-making by the
BMS (Battery Management System). When the ambient temperature is detected below 0° C the system automatically
Plastic content on the battery side reduced from 17% to 1% in compliance with Chinese activates before charging rapidly raising the core temperature of the cells to the optimal operating range in the most
standards. efficient and uniform manner. This effectively creates an independent warm "microclimate" for the battery pack
fundamentally solving the problem of low-temperature performance degradation."Pack + Cell + BMS" Integrated Deep Collaboration
BMS Brain Upgrade: Focused on optimizing and developing cold-resistant BMS for low-temperature scenarios. In
R&D of High?Performance Low?Cost Sodium?Ion Batteries for Energy Storage and Their Key Materials addition to managing the heating system it can dynamically adjust charging and discharging strategies based on
real-time temperature and cell status avoiding damage to the cells caused by high current under low-temperature
conditions and ensuring overall pack consistency.Based on the integrated research objective of "materials–cells–energy storage batteries" the company conducts
R&D on key technologies including high specific energy cathode materials high specific capacity anode materials Structural Protection Design: For the common use of de-icing agents (highly corrosive) and bumpy roads in North
the structural design and manufacturing of sodium-ion batteries and energy storage applications. The goal is to America the PACK casing uses a composite corrosion-resistant coating technology and has passed salt spray
testing far exceeding industry standards. The internal modules use integrated potting and high-vibration-resistant
design and manufacture high-energy-intensity high cycle stability highly safe and low-cost sodium-ion batteries for structures ensuring the reliability of all connections under product vibration physically preventing failures caused
energy storage with proprietary intellectual property. by poor contact due to vibration.
62 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 63Innovation-Driven
Standard Name Type Publication Date Status
Reliability Verification System Based on Full?Scenario Simulation
Lithium-ion cells and batteries used in electric bicycle—
Group
Technical specification 2022.11.25 Published
All designs undergo accelerated life testing before mass production. This includes simulating the three-year winter StandardT/GDEVA 0002-2022
climate of North America with continuous low-temperature charging and discharging cycle tests at -20℃ high and
low-temperature shock tests and mechanical vibration sequence tests conducted multiple times in Greenway's Design specification for lithium-ion battery for electric Group
internal laboratory. The verification system based on real environmental data ensures the quality and durability of bicycle 2022.4.18 PublishedStandard
the delivered products. T/CHINABICYCLE 11—2022
General technical requirement for portable energy
Group
storage power supply 2022.12.15 Published
Standard
T/GDEDIA 0004—2022
Technical requirements and test methods of lithium ion
Group
batteries for portable electric bicycles 2023.1.10 Published
Standard
T/CHINABICYCLE 17—2023
Lithium-ion cells and batteries used in electric bicycle—
Group
Technical specification 2023.11.21 Published
Standard
T/GZEBA 0001-2023
Safety requirements of lithium-Ion battery for electric National Under
-
mopeds and motorcycles Standard Development
Furthermore the company promotes modular software design. Through BMS software modularization the software Safety and Technical Requirements for Lithium-ion Group Under -
functions of the Battery Management System are divided into multiple independent modules (such as battery monitoring Batteries Used in Electric Tricycles Standard Development
charge-discharge management fault diagnosis and communication protocols). Each module is independently developed
and tested and integrated through standardized interfaces enabling precise control of battery charge-discharge processes Technical specification for user-side electrochemical Under Local Standard -
preventing overcharging or over-discharging and improving battery energy utilization. energy storage system Development
Under
6.3 Industry Collaboration and Development Specification for energy storage system in data center Local Standard - Development
To promote industry development we actively contribute to the formulation of industry standards. As of the end of Under
the reporting period the company has co-authored several national and group standards. Structural Design and Performance Requirements of Group - Development
Full-Tab Large Cylindrical Lithium-Ion Batteries Standard
(K-Tech)
List of Co?Authored Standards Under
General technical specification for cylindrical lithium- Group
Standard Name Type Publication Date Status - Development ion batteries with tabless electrode design Standard
(K-Tech)
High rate sodium ion starting battery for motorcycle Group
2025.2.28 Published
T/CITS 283-2025 Standard
In addition the company actively pursues industry-academia-research collaboration maintaining close ties with domestic
Safety technical specification of lithium-ion battery for
National research institutes and universities and jointly undertaking key R&D projects in priority fields in Dongguan in collaboration
electric bicycle 2024.4.25 Published
Standard with the Dongguan Municipal Bureau of Science and Technology. As of the end of the reporting period the company has
GB 43854-2024
conducted multiple collaborative projects with Central South University Dongguan University of Technology and other
General rules for lithium-ion battery for electric bicycle institutions covering areas such as lithium-ion capacitors and power lithium-ion batteries. The company has co-established
Group
quality classification assessment 2024.12.26 Published the Key Laboratory of Battery Safety Technology for Light Electric Vehicles with Guangdong University of Technology and
Standard
T/DCB 020—2024 maintains a long-term partnership with South China Agricultural University jointly publishing multiple research papers
on lithium-ion battery cathode materials. Through these collaborations Greenway continuously strengthens its talent
General technical specification for electric scooters National
2023.8.6 Published pool and scientific and technological innovation capabilities promoting technological advancement and enhancing its
GB/T 42825-2023 Standard independent innovation capacity.
64 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 65Supply Chain Collaboration
07
Supply Chain
Collaboration
7.1 Supply Chain Management
7.2 Sustainable Supply Chain
66 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 67Supply Chain Collaboration
Supply Chain Collaboration Supplier Evaluation and AuditingThe company regularly develops annual supplier audit plans employing a variety of evaluation mechanisms including
on-site audits online reviews and self-assessments. The audit scope covers quality management systems environmental
7.1 Supply Chain Management management systems and hazardous substance management systems. Based on the audit results suppliers are scored and rated and a Supplier Evaluation Report is issued.
Supply Chain Resilience A regular performance evaluation mechanism has been established for qualified suppliers with assessments covering
Robust supply chain management is a key driver of Greenway's sustainable development. The company has quality delivery timelines and service. The evaluation results are used to determine annual supplier scores and are directly
developed and continuously refined several institutional documents including the Supplier Development and linked to supplier quota adjustments partnership level upgrades order allocation incentives and the elimination of non-
Management Guidelines the Supplier Change Management Guidelines etc. By integrating the requirements of compliant suppliers. Suppliers with outstanding performance are given positive incentives and prioritised for collaboration.ISO 9001 and QC080000 standards as well as embedding digital operations full lifecycle quality control and ESG For suppliers with poor performance in evaluations or those that breach quality red lines the company provides support to
sustainability principles into the entire supply chain process Greenway has established a closed-loop management help them improve. Measures include setting deadlines for rectification reducing order quotas suspending collaboration
or ultimately terminating the partnership. This dynamic optimisation process ensures the continuous evolution and
system. This system covers supplier onboarding classification evaluation collaboration and optimisation laying a
improvement of supplier resources.solid foundation for the company's 10-billion-yuan strategy and global business expansion.The company has established a supply chain governance framework with clear responsibilities tiered management Supplier Improvement Supervision and Capability Building
and cross-departmental collaboration. A cross-functional management team has been formed with clearly defined
The company adheres to the philosophy of "complementary strengths and co-creation of value" focusing on suppliers'
responsibilities and operational standards. Compliance control quality assurance cost optimisation technical areas of expertise and leveraging their unique competitive advantages. Suppliers are guided to align with the company's
collaboration and ESG management have been fully embedded into the institutional framework strengthening the supply core needs in business development technological upgrades compliance management and cost efficiency. Tailored
chain management mechanism. development plans and capability enhancement programmes are created to enable mutual growth and empowerment for
In 2025 the company flexibly adjusted its procurement strategies according to different business lines. For PACK materials both suppliers and the company.the "2+1" supplier quota planning principle was implemented for core categories. For the battery cell business a dual- Quarterly supplier reviews and guidance sessions are conducted through on-site audits and improvement report tracking
track long-term development model of "in-house production for depth + external procurement for breadth" was adopted. to enhance supplier capabilities. Suppliers are required to submit improvement plans within a specified timeframe
This approach focuses core resources on high-quality strategic partners while expanding the pool of emerging high-quality documented in the Supplier Audit Improvement Report. Suppliers that receive a D rating for the same performance issue
suppliers ensuring a healthy and resilient supply chain structure. three consecutive times or fail to complete required improvements within the specified timeframe are eliminated following
the established process.In addition the company has embraced digitalisation by establishing an AI-powered procurement system. Based on a
comprehensive database this system integrates market data supplier data purchase order data and cost data enabling
unified data collection real-time updates and intelligent analysis. This allows for intelligent procurement calculations and
informed decision-making.Supplier Onboarding Management
The company has implemented strict supplier onboarding criteria. New suppliers must undergo a comprehensive
qualification review covering multiple dimensions including credentials capabilities compliance and environmental
performance. A Supplier Qualification and Capability Evaluation Form is generated and only suppliers that pass the review
are approved. Those that do not meet the requirements are included in the Supplier Development Plan and must complete
the necessary certifications within a specified timeframe. Through the SRM (Supplier Relationship Management) system
supplier profiles are created to centrally manage certifications agreements and audit records ensuring full traceability of
the supplier lifecycle management process.To ensure supply chain stability the company follows a proximity principle when developing suppliers prioritising local
options. All raw materials are sourced with backup suppliers in place.
68 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 69Supply Chain Collaboration
Supplier Communication
The company has established a stable and effective communication mechanism fostering strong partnerships with Survey Dimensions of the Related Party Environmental Occupational Health and Safety Survey Questionnaire
suppliers through regular performance discussions and annual supplier conferences. These channels are used to
collaboratively explore the best paths for quality improvement engage in technical exchanges and pursue joint R&D Compliance and treatment
initiatives to achieve high-quality collaboration. ISO 14001 system ISO 45001 system measures for air pollutant
certification certification wastewater and noise
emissions
Annual Supplier Conference Toxic and hazardous Solid waste Packaging material
substances / prohibited
disposal recycling
substances
At the 2025 Annual Supplier Conference the company conducted a comprehensive review of its supply chain
quality management achievements and areas for improvement. It also announced its 2026 supply chain quality Waste generation Product Environmental
goals management system upgrade requirements and a three-year sustainability development plan. Together volume in the biodegradability violation incidents
with hundreds of supply chain partners the company reached a consensus on the core principles of "joint quality production process
building collaborative compliance shared innovation and value co-creation."
Employee
Hazard source
The conference outlined the "Two Management Transformations Four Strategic Requirements and Four Quality environmental control
Red Lines" as the core directions for supply chain management. These initiatives aim to shift supply chain awareness campaigns
management from a simple supplier-buyer relationship to a model of strategic collaboration and sustainable
co-existence laying a solid foundation for upgrading the company's supply chain system and fostering a shared
understanding across the industry chain.Supplier written survey coverage rate Cumulative number of suppliers audited
100% 306 suppliers
At the same time the company continues to advance the digitalization and greening of its supply chain. The APS
system has been implemented to achieve coordinated management of production and sales planning as well
as material demand. The company is promoting the direct delivery of large materials and the integrated model
at the production line which not only improves the efficiency of the supply chain turnover but also reduces
resource consumption and carbon emissions in the logistics process thus building a green supply chain."New Materials New Processes Innovative Cost Solutions" Initiative:Delivering Win?Win Value and
Environmental Benefits
In 2025 the company in collaboration with core suppliers launched the "New Materials New Processes Innovative
Cost Solutions" Initiative. The primary objectives are to:Drive cost reduction and enhance product competitiveness
through material innovation Simplify structures and improve performance via innovative design Iterate platforms
to replace outdated methods with new efficient solutions Through joint R&D process innovation and design
7.2 Sustainable Supply Chain optimization the initiative focuses on cost optimization while reducing resource consumption and environmental
Green Supply Chain impact during production ensuring both economic and environmental benefits.The company is committed to advancing green procurement and environmental management. It has formulated and Aluminum Tube Anodizing Process: This process addresses issues such as color variation and coating defects seen
requires suppliers to complete the Stakeholder Environmental Occupational Health and Safety Survey Questionnaire in traditional methods improving production efficiency while lowering both direct and indirect costs.to understand suppliers' environmental management system certifications emissions of air pollutant wastewater Plastic Material Innovation: Through collaboration with suppliers to develop exclusive formulas The company
and solid waste and other information. Suppliers are required to submit third-party environmental test report optimized material performance while balancing cost reduction.to ensure products comply with RoHS REACH and other regulations. Suppliers sign the Supplier Environmental Wiring Harness Design Innovation: By simplifying structures and standardizing procurement material costs have
Agreement and the Restricted/Prohibited Substance Compliance Declaration committing to providing annual been reduced. All relevant projects now have clear plans for mass production.product testing reports and promoting the implementation of environmental compliance requirements.
70 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 71Supply Chain Collaboration
Supply Chain Transparency and Ethical Management To address procurement fraud in the supply chain the company has established a dedicated supervision and reporting
channel working with suppliers to create an environment of integrity fairness and transparency.To foster a transparent and accountable supply chain ecosystem the Company has established mechanisms for
open procurement and integrity collaboration. By requiring suppliers to sign the Supplier Integrity Agreement and
Supplier Confidentiality Agreement the Company strengthens ethical management across the supply chain. Targeted
integrity training is also provided to internal supply chain personnel cultivating an honest transparent and compliant reporting channel
cooperation environment.jubao@greenway-battery.com
Integrity Training for Internal Supply Chain Personnel
Conflict Minerals
The company places great importance on the compliance of mineral procurement explicitly prohibiting the procurement
of gold tantalum tungsten cobalt tin and other metals from the Democratic Republic of Congo and surrounding conflict-
affected regions ensuring that mineral procurement does not finance armed conflict or involve human rights violations.All suppliers are required to sign the Conflict-Free Metals Policy and Commitment which is edited with reference to OECD
Mineral Due Diligence Guidance pledging not to procure or use metals from conflict-affected regions and ensuring the
legality and compliance of mineral sourcing.During the reporting period among mineral-related suppliers 73% had signed the Conflict-Free Metals Policy and
Commitment a significant increase from the previous year.Proportion of Mineral?Related Suppliers Signing the Conflict?Free Metals Policy and Commitment
202451%202573%
72 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 73Digital Intelligence Empowerment
08
Digital Intelligence
Empowerment
8.1 Digital Operations
8.2 Intelligent Manufacturing
74 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 75Digital Intelligence Empowerment
Digital Intelligence 8.2 Intelligent ManufacturingOnline Data Monitoring
Empowerment The company has introduced intelligent production equipment including pick-and-place machines reflow ovens and inspection equipment and has deployed networked production equipment and intelligent monitoring systems
to enable real-time energy consumption monitoring and anomaly detection. Using visual dashboards PDA smart
terminals and other tools operational workflows have been simplified. Key production processes are integrated into
8.1 Digital Operations control systems enabling real-time control and efficient coordination of equipment production lines and logistics systems. These measures drive improvements in production efficiency and optimize energy consumption.
Digitalization is one of the core pillars supporting Greenway's ESG practices. With smart factory construction as the
key initiative the company deeply integrates technological innovation into governance optimization environmental
improvement and social responsibility fulfillment building an efficient green and reliable sustainable development system. Equipment Operation Dashboard
Deep System Integration
A comprehensive digital management framework covering all business processes has been established linking R&D sales
supply chain and multiple other system types into a digital matrix achieving full-process data connectivity and breaking
down information silos. A private cloud and industrial data center have been built optimizing server resource allocation
and achieving high-availability deployment and remote disaster recovery for core systems.Digital Process Reengineering
Key processes such as approvals R&D and customer service have been digitally reengineered streamlining business
workflow steps and improving approval efficiency by over 50% as well as enhancing cross-departmental collaboration.A digital R&D platform has been established utilizing 3D design and process simulation software covering full product Intelligent Quality Control
lifecycle R&D management and strengthening technological innovation capability. A multi-system coordinated management and control framework has been established. Barcode management spans
the entire process from material warehousing and production processing to finished goods shipping ensuring
Proactive Customer Service precise quality traceability. Machine vision technology is used to monitor key process parameters in real time strengthening quality control during production and improving product yield rates. A digital equipment management
The customer management system is deeply module has been implemented enabling online management of inspections repair requests and spare parts. This
integrated with the production system enabling supports preventive maintenance reducing the impact of equipment failures and minimising downtime.intelligent customer management and sales During the reporting period the Company completed the deployment and go-live of the Andon System and MES
performance management. Sales representatives heterogeneous platform achieving rapid response and closed-loop management of production abnormalities. This resolved
can view production capacity inventory shipping the core inefficiencies of slow document processing and frequent anomalies in the original systems cut labor verification
orders and other information through CRM costs and laid a robust foundation for digital production collaboration.enabling timely access to order progress inventory
status shipping schedules and other information Warehousing and Logistics Optimization
to better serve customers. Production scheduling and inventory management have been optimize through the use of MES (Manufacturing
Execution System) and WMS (Warehouse Management System). Automated storage and retrieval systems along
with intelligent material handling equipment enable smart warehousing and delivery. The warehouse management
Digital Procurement system supports scan-based receiving and shipping automatic storage location allocation and FIFO (First-In First-
Out) management improving warehouse space utilisation. A full-process logistics tracking mechanism has been
The company is leveraging digital transformation to develop an AI-driven procurement system. At the core of this system is established enabling real-time monitoring of material flow improving material preparation and delivery efficiency
a data platform that integrates comprehensive information including market data supplier data design selection libraries and reducing the accumulation of stagnant materials.procurement order data cost data and more. This platform enables the creation of a standardized and systematized
procurement database allowing for unified collection real-time updates and intelligent analysis of core procurement
data. Based on this robust database the company has developed three key digital tools: an intelligent resource dashboard
APS smart decomposition and an intelligent cost model. These tools deeply integrate core business processes such as
procurement quota planning material demand forecasting cost evaluation order placement and price adjustment
management with AI technology enabling intelligent calculations and data-driven decision-making in procurement
operations.In the future the company will continue to expand the application of intelligent technologies deepen end-to-end intelligent
upgrades and establish itself as an industry benchmark for intelligent manufacturing and sustainable development.
76 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 77People First
09
People First
9.1 Labor and Human Rights
9.2 Diversity
9.3 Talent Recruitment and Development
9.4 Compensation and Benefits
9.5 Occupational Health and Safety
78 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 79People First
People First Formal employment contracts are signed in accordance with the principles of fairness and
voluntariness and legal requirements and personnel files are established. The HR & Admin
Department conducts reviews of employment contracts and files.Contract Signing
9.1 Labor and Human Rights
To prevent oversights and to prevent anyone from impersonating an employee who has
Greenway has always regarded respect for and protection of employees' fundamental human rights as an integral completed onboarding procedures
part of its corporate social responsibility. The company strictly complies with the Labor Law of the People's Republic The company conducts random inspections under the following circumstances: questions
of China safeguards employee rights and interests and ensures that employees work in a fair and equitable regarding an employee's age.environment enjoying equal rights and dignity. Periodic Verification Information provided by others suggesting an employee does not meet the appropriate age
requirements.Anti?Discrimination and Anti?Harassment
If a minor under 16 years of age is found to have been hired by mistake all wages are
The company is committed to providing equal employment opportunities for all employees and has formulated the immediately settled and the following remedial measures are taken:
Anti-Discrimination Management Procedure which explicitly prohibits discrimination in employment compensation The child is patiently counseled and immediately escorted back to their place of residence
training opportunities promotion dismissal or retirement on the basis of race social status nationality religion with signature confirmation from the parents or guardians.disability gender sexual orientation membership in employee representative committees or political affiliation. The company bears the costs of escorting the child back to their place of residence and
Management personnel are prohibited from infringing upon employees' fundamental human rights and dignity under provides educational expense support as appropriate.any circumstances and coercive threatening humiliating or exploitative behavior is strictly forbidden. The company assumes responsibility for the medical treatment of any child labor who
The company ensures equal pay for equal work regardless of gender. Women who meet the recruitment criteria Remedial Measures becomes ill or injured before being returned to their place of residence and bears all medical
required by production or operational needs enjoy equal employment rights. When hiring employees except for job and living expenses during the treatment period; irresponsible dismissal of child labor is
categories or positions designated by the state as unsuitable for women it is prohibited to refuse to hire women or strictly prohibited. Departments or individuals responsible for injury disability or death of
child labor shall be subject to administrative penalties by the labor security department.impose higher recruitment standards on women on the basis of gender.Those whose actions constitute a crime shall be subject to criminal prosecution by the
To ensure all employees are aware of the company's management systems and related measures concerning judicial authorities in accordance with the law.employee human rights the company communicates the above management principles to new hires and existing
employees and organizes relevant departments to take corrective actions.Child Labor and Underage Worker Protection Prohibition of Forced Labor
Greenway commits to strictly implementing the State Council's Provisions on the Prohibition of the Use of Child The company has formulated the Management Procedure for the Prohibition of Forced Labor and the Use of Prison Labor
Labor and other laws and regulations and has formulated the Child Labor and Underage Worker Management which explicitly prohibits any form of forced labor and the use of prison labor including but not limited to:
System which is communicated to all employees contractors suppliers and other stakeholders.To ensure these provisions are effectively communicated the company clearly discloses the relevant policies to job Forcing employees to work through violence threats or other means.applicants during recruitment further clarifies the company's policies and provisions during new employee training Withholding employees' identity documents wages or other property.and conducts planned awareness campaigns and public postings of the relevant provisions. Restricting employees' personal freedom including restricting their right to resign or leave.Using prison inmates detainees or other persons deprived of their personal freedom to perform labor.Risk Management
Identity documents such as ID cards must be strictly verified during recruitment. Employment Freedom of Association and Collective Bargaining Rights
is permitted only after confirmation that age and other information are authentic.The company respects and safeguards employees' rights to freedom of association and collective bargaining. In accordance
Documents must be originals. with the Trade Union Law of the People's Republic of China both the Guangdong Greenway Technology Co. Ltd. Trade
A two-tier interview process is adopted (HR & Admin Center and department head Union Committee and the Dongguan K-Tech New Energy Co. Ltd. Trade Union Committee have been established and
interviews). Collective Agreements have been signed covering labor compensation working hours and rest and leave social insurance
and welfare and other matters. Regarding significant changes in the company's operations the company is required to
When doubts arise regarding the validity of age-related documentation applicants are
Identity Verification report and explain to the trade union or all employees at least 30 days in advance.required to provide a certificate from the local police station or the company contacts the
police station for verification. Furthermore to safeguard the rights and interests of female employees support an organizational environment conducive
Individuals without valid ID or holding forged documents are not hired under any to women's career development and promote women's professional development physical and mental health and work-
life balance a Female Workers' Committee has been established under the trade union in accordance with the Law on the
circumstances. Protection of Women's Rights and Interests and the company's Employee Rights Protection System.
80 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 81People First
Key Responsibilities of the Female Workers' Committee 9.2 Diversity
The company actively promotes a culture of diversity aiming to create an inclusive equitable work environment that
respects differences and drives sustainable business development.Supervise the implementation of the "Four Periods" protection policy for female
Basic Rights
workers (menstruation pregnancy maternity and lactation periods) and promote
Protection
gender-equal pay and promotion mechanisms. Diverse Workforce
By Gender
Care Services Organize health checkups psychological counseling and other specialized services.Headcount Headcount Headcount Headcount
81414118141399
Proportion Proportion Proportion Proportion
36.58%63.42%36.78%63.22%
Capability Plan women's leadership training skills competitions and career development 2024 2025
Enhancement guidance.Female Male
Cultural Conduct holiday greetings parent-child activities public welfare volunteering and
Development other activities to enhance the sense of belonging.By Age Group
Policy HeadcountCommunicate the concerns of female workers to the company's management and Headcount386 399
Advocacy participate in the formulation of relevant human resources policies.Headcount Proportion Headcount Proportion
90517.35%85918.03%
Proportion Headcount Proportion Headcount
40.67%38.82%
Employee Grievance and Communication Mechanism 2024 934 2025 955Proportion Proportion
In response to incidents involving discrimination harassment forced labor and other human rights violations 41.98% 43.15%
against employees the company has formulated the Employee Grievance Management Regulation establishing a
Grievance Handling Committee a Dispute Mediation Committee and a Labor Dispute Resolution Office. Accessible 19–30 years old 31–40 years old Over 40 years old
grievance channels have been established through which employees may submit grievances verbally or in writing
through suggestion boxes to management representatives or employee representatives. Management representatives
will promptly organize responses and provide verbal or written replies to complainants as soon as possible. If
discriminatory or harassing behavior is confirmed the company immediately takes corrective actions commensurate By Ethnicity
with the severity of the impact generating a Corrective Action Report .If the grievant is dissatisfied with the outcome they may escalate the grievance to the HR & Admin Department Headcount Headcount
Manager. The handling personnel will complete the investigation evidence collection and other processes within 10 1847 1900
days and reach a final conclusion. Proportion Proportion
83.01% Headcount 85.86% Headcount
378313
Throughout the grievance handling process the company requires all relevant personnel to strictly maintain the 2024 Proportion 2025 Proportion
confidentiality of the grievant's information. Those who breach confidentiality will be penalized in accordance with 16.99% 14.14%
relevant regulations; those who retaliate against the grievant will be subject to more severe penalties in accordance
with relevant regulations.Han ethnicity Ethnic Minorities
During the reporting period no incidents of discrimination harassment child labor/underage worker employment
or forced labor occurred and there were no related lawsuits reports or grievances.
82 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 83People First
Furthermore the company pays special attention to employment opportunities for vulnerable groups providing 9.3 Talent Recruitment and Development
suitable positions and necessary support and accommodations for persons with disabilities. During the reporting
period the company had 20 employees with disabilities. Talent Recruitment
At the management level the company is also committed to building a diverse leadership team enhancing women's Talent is the core driving force for enterprise development. Accordingly the company has made talent recruitment a
participation and leadership in the enterprise and ensuring that the management team represents the diversity key strategic priority formulating the Human Resources Control Procedure and establishing a systematic recruitment
of the company's workforce. In the corporate decision-making process the company ensures that employees of channel system of "external recruitment + internal referral + targeted talent identification". In 2025 the company
different backgrounds and perspectives can participate promoting more comprehensive and equitable decision- recruited 817 new employees.making. In 2025 the number of female employees in the company's management stood at 11 accounting for 39.29%
representing a 267% increase in the number of female executives compared with the previous year. Furthermore the company has established a re-employment channel for retired employees. Re-employment is
offered based on business needs and employees' preferences with necessary health protection and safety support
Diverse Leadership Team provided to safeguard their physical and mental well-being at work helping the company pass on knowledge and
skills. During the reporting period the company had a total of 33 re-employed retired employees.The company also places great emphasis on reserve talent recruitment. It has established deep school-enterprise
cooperation with Dongguan Technician College and co-established a student employment and entrepreneurship practice
By Gender base with South China University of Technology providing internship opportunities for university students helping
young talent familiarize themselves with job skills and work environments in advance and continuously supplying
professional and skilled talent for industry development.Headcount Headcount
311
Proportion Proportion Campus Recruitment Talent Training Program:
16.67% Headcount 39.29% Headcount From Sprout to New Branch
1517
2024 Proportion 2025 Proportion
83.33% 60.71% To cultivate fresh graduates enrich the knowledge reserves and skills of young talent and help them grow into
independent and capable professionals as soon as possible the company has established a campus recruitment talent
training mechanism. New employees are metaphorically likened to young sprouts who through phased training and
practice are helped to quickly integrate into the corporate culture master professional skills and achieve promotion.Female Male
By Ethnicity
Headcount Headcount
17 Headcount 27
Proportion Proportion Headcount1
94.44% Proportion 96.43% 1
2024 5.56% 2025 Proportion
3.57%
During the reporting period the company completed the review and iteration of the "Qingmiao Program" enhancing
the selection content for the Core Competency Training Camp including programs such as English language training and
Han ethnicity Ethnic Minorities overseas sales new hire development plans establishing a complete development system encompassing new employee
integration plans and in-service employee continuous development plans achieving mutual growth between employees
and the enterprise.
84 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 85People First
Green Seedling & Green Sprout Training For new employee development the company continuously improves its "mentoring mechanism" whereby the
employing department designates an experienced and responsible employee as the new employee's mentor
responsible for training assisting and guiding the new employee familiarizing them with the new position's
The company has designed a systematic training system requirements and enabling them to master the required skills with assessments conducted as required.tailored to employees' career development stages and
business needs covering the full lifecycle from new employee
onboarding to career development. Career Development
The company focuses on talent development and has formulated the Promotion Management System continuously
New employee onboarding training is centered on "rapid improving promotion standards and evaluation systems. Through comprehensive assessment of job contributions
integration and comprehensive empowerment" helping project outcomes and performance the company ensures that promotions are highly aligned with individual
new employees understand the corporate culture master capabilities. Regular promotion reviews open presentations and cross-departmental evaluations are established
fundamental skills and lay the foundation for their
career development. Course content includes company to ensure the transparency and credibility of the promotion process providing employees with clear career
introduction workplace professionalism and etiquette safety development paths and broad development opportunities.education and employee communication and collaboration A dual-track promotion system encompassing both management and technical sequences has been established
skills. Through foundational knowledge sessions workshop
tours hands-on practice and other methods "engineer Du r i ng t h e r epo r t i n g pe r i od t h e motivating employees to achieve career development in different fields and to choose the growth direction that suits
mindset" training is conducted leveraging immersive Qingmiao programs launched a total of 63 their interests abilities and career plans.production practice to enhance business understanding and specialized courses accumulating 125.5
helping employees familiarize themselves with company class hours.operations job requirements and work skills.In addition the company organizes "Senior Roundtable" 63 125.5
events inviting experienced employees to share workplace courses hours
insights and helping new employees better plan their career
development paths.Employee Training
Greenway has established a comprehensive training system formulating the Training Management System with
a "Headquarters–Subsidiaries–Departments" three-tier coordination mechanism to continuously improve the
talent development system. Through systematic needs assessment plan development and resource coordination
combined with annual strategic objectives and based on differences in job levels and functions tiered and
categorized annual training plans are developed to continuously enrich the company's reserve talent pool.Furthermore the company supports internal job transfers based on position needs and employee willingness providing
Customized training courses are designed for different job requirements: necessary pre-job training as applicable ensuring smooth horizontal job mobility for employees.Marketing and Internationalization?Oriented
Management Capability Enhancement Performance Management
Specialized Training The company has established a structured performance management system to evaluate employees' performance and
A series of executive empowerment programs were Targeted empowerment was provided for marketing ensure alignment between individual work objectives and the company's strategic goals.launched in sequence including "Accurate Talent personnel's "winning" sales capabilities: 3 executive- To ensure each department clearly understands its performance goals and responsibilities during the reporting period the
Identification and Effective Recruitment" "Human level empowerment sessions at the group level company actively organized the formal sign-off of performance accountability agreements promoting the breakdown and
Resource Management for Non-HR Managers " and producing 2 marketing case studies and an overseas implementation of organizational objectives. Through regular monitoring of performance indicators the company ensures
"Inevitable Path—Leadership" among others to sales development plan. progress and target achievement.enhance the management team's talent identification
and people management capabilities as well as business English classes were launched for the first time: 2 R&D A fair performance appraisal mechanism has been established to encourage proactive work. By expanding the coverage
decision-making mindset. business practice classes covering 20 participants of performance-based pay outstanding performance is recognised and rewarded. The application of organisational
with online learning channels established for all performance results is strengthened linking performance appraisal outcomes with employee compensation promotion
The program covered 107 incumbent managers at the employees and 36 oral teaching audio resources and other elements as a key factor in salary adjustments promotion assessments and resource allocation. Performance
managerial level and above as well as reserve candidates published. management systems and processes are regularly optimised to ensure fairness and accuracy.and over 30 individuals having passed interviewer
certification. The company regularly issues quarterly appraisal announcements. Employees who have objections to performance
appraisal results may submit reviews through channels such as public email.
86 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 87People First
9.4 Compensation and Benefits To help employees balance family life and work the company provides dormitories and canteens and has established a Food and Beverage Committee to continuously improve employee satisfaction with services. The company has set up
We are committed to providing employees with market-competitive compensation and comprehensive benefits to ensure various welfare facilities including nursing rooms activity centers and emergency medical kits and organizes parent-
their quality of work and life. child activities every summer vacation. To address the childcare challenges faced by dual-income families the company
launched an internal "Little Weibao" daycare center in 2022 open to all employees. The daycare center operates during
Compensation Management weekdays (Monday to Friday 18:00-20:00) and during winter and summer vacations (08:00-18:00) with full-time caretakers
The company has developed the Compensation Management System and regularly conducts compensation market and small-class management. The daycare center has been in operation for over 230 days effectively reducing employees' childcare burden and enhancing job stability.research to ensure competitive and performance-linked compensation levels. A fair and transparent compensation system
has been established to ensure equal pay for equal work and eliminate pay discrimination. During the reporting period the For employees in need the company has established the "Fraternity Foundation" which provides timely financial
gender pay gap1 was 13.23%. assistance to employees and their families during emergencies. During the reporting period the Fraternity Foundation
spent a total of 23554 yuan.The gender pay gap is 13.23% Nursery Space Travel Sports Center
To further establish and improve the company's long-term incentive and retention mechanism the company has
formulated an employee equity incentive plan providing one-time incentives to senior management core technical
personnel and core personnel effectively aligning the interests of the company with those of the core team.Employee Incentive
Non-Monetary Including honorary recognition public commendation special care nomination for talent
Incentive pipeline promotion delegation of authority etc.Employee Voice
Such as bonuses prizes allowances and benefits including full attendance bonuses seniority
Monetary
bonuses meal subsidies housing subsidies high-temperature subsidies position-specific
Incentive
subsidies and material handling subsidies. To promptly listen to employee concerns the company developed
a new employee feedback channel during the reporting period—
Company-level honors department-level honors key event honors and cultural practice point- "Employee Voice". Employees can submit feedback on any aspect
Honor-Based including the work environment training and development employee
based incentives are primarily non-monetary with monetary rewards as a supplement; project
Incentive relations and human rights protection by scanning a QR code.value creation incentives are primarily monetary with non-monetary rewards as a supplement.The company guarantees a response within 72 hours and publicly
shares updates on issue resolution quarterly while strictly protecting
In principle the company does not encourage overtime work unless necessary. For piece-rate/hourly workers when the privacy of the feedback provider.overtime is required the company pays overtime compensation in accordance with the law. For salaried employees
the company implements a work responsibility system with overtime arranged only after approval by department
heads and with overtime compensation provided accordingly.To facilitate two-way communication between management and frontline employees the company regularly holds employee
Benefits Plan forums inviting administrative managers and HR supervisors to participate with senior executives conducting face-to-face Q&A sessions and holding detailed discussions on career development benefits process optimisation and other topics.The company is committed to providing employees with comprehensive high-quality benefits and has formulated the
Employee Benefits Management Measures to enhance employees' well-being sense of belonging and work motivation.[Employee Forum] Listening to Hearts Charting a Shared Future
Social Insurance Statutory "five insurances and one housing fund" contributions for employees." We take your voice seriously!" In late March 2025 at Conference Room 11-8 at headquarters the Trade Union
Chairman invited 30 employee representatives to an employee forum with administrative managers and
Supplementary Insurance Additional commercial medical insurance and hospitalization medical subsidies. HR supervisors in attendance. Senior executives conducted face-to-face Q&A sessions engaging in in-depth
discussions on career development benefits process optimization and other topics.Paid Leave Including annual leave marriage leave maternity leave paternity leave etc. meeting
or exceeding legal requirements. A post-90s employee commented: "Being able to make suggestions directly to management — this sense of
respect makes the sense of belonging even stronger!"
Gender pay gap = (Average annual salary of male employees ? Average annual salary of female employees) ÷ Average annual salary of male
employees × 100%
88 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 89People First
Furthermore the company realizes democratic communication and safeguards employee rights through the Trade
Union Representatives' Congress. ISO 45001 Certification
Member Representatives Conference Staff Forum
Greenway K?Tech New Energy K?Tech Wangniudun Branch
Valid Until July 2026 Valid Until February 2027 Valid Until November 2028
The company has established a comprehensive safety hazard reporting and
9.5 Occupational Health and Safety incident reporting mechanism to ensure rapid response in emergencies.
During the reporting period safety standards and incentive/penalty
The company is committed to providing employees with a safe and healthy work environment adhering to the mechanisms entered the audit phase encouraging employees to proactively
occupational health and safety policy of "Safety First Health Paramount Prevention-Oriented Continuous Improvement" identify and report safety hazards. K-Tech specifically formulated the Safety
and reducing workplace risks through multiple measures to ensure employees' physical and mental well-being. and Fire Prevention Reward and Penalty Management Measures distributing
quarterly safety rewards for "zero" safety and fire incidents.To standardize the occupational health and safety management system Greenway headquarters has established a
Work Safety Leadership Team and a Safety Office. K-Tech and Wangniudun branch have respectively established Safety For incidents of different levels the company has defined different
Committees to conduct systematic work safety and occupational health management. Currently all sites of our company reporting timelines and channels ensuring information is rapidly
have obtained ISO 45001 Occupational Health and Safety Management System certification and conduct regular internal transmitted to relevant departments and leaders. An escalation reporting
and external audits to ensure the effective operation of the system. mechanism for special circumstances ensures information is promptly
transmitted to the decision-making level.Annual Work Safety Targets During the reporting period the company's safety
Indicators Target Performance in 2025 investment was
2.67 million yuanGreenway
Major accidents such as severe injuries fatalities explosions and fires 0 times 0 times
Employee emergency training participation rate ≥ 95% 98.50% Risk Identification and Hazard Investigation
"Three-level" safety education training rate for new employees 100% 100% The company has formulated the Hazard Identification and Risk Assessment Control Procedure conducting
occupational health and safety risk identification and assessment covering all of the company's operational sites
Certified operation rate for special operations personnel 100% 100% at least once annually. Based on risk assessment criteria and the control principles of "elimination substitution
engineering controls administrative controls and PPE protection" corresponding control measures are developed to
Safety hazard rectification rate 100% 100% minimize occupational health and safety risks.Safety investment guarantee rate 100% 100% Furthermore the company has established a safety hazard investigation and remediation management system
Occupational disease cases 0 cases 0 cases organizing monthly comprehensive safety inspections. For identified hazards the "Five Determinations" approach is
followed — determining the responsible department responsible person measures funding and timeline — strictly
K?Tech implementing all management procedures and generating written Safety Inspection and Rectification Record Forms.Occupational injuries fire incidents special equipment accidents 0 times 0 times During the reporting period the company conducted 16 operational safety observations achieving "zero" mechanical
and equipment injuries for the first time in the year. A total of 46 unsafe behaviors/conditions were identified with a
Occupational disease cases 0 times 0 times
rectification closure rate of 93%.
90 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 91People First
Safety Risk Prevention and Control
Production Line Upgrades: Application of Lifting Equipment and Rolling Platforms
Risk Based on risk assessment results risk levels are classified from high to low as: major To reduce the risk of musculoskeletal disorders such as carpal tunnel syndrome caused by repetitive lifting heavy
Classification risk significant risk general risk and low risk with differentiated management loads and poor posture during operations the company has actively implemented engineering control measures.Management implemented accordingly. Lifting equipment and rolling platforms have been widely introduced on production lines to replace traditional
manual handling with mechanical assistance.Through the application of these devices the repetitive high-load wrist movements of employees have been
Regular Safety meetings are regularly convened to study and address specific problems related directly reduced thereby mitigating occupational health risks at their source. At the same time the standardised
Safety to identified hazards track hazard investigation and remediation ensure hazard operation of the equipment has improved the efficiency of material transfer and reduced the likelihood of other
Meetings remediation projects are completed on schedule and reduce on-site operational risks. safety incidents such as those caused by heavy lifting and working at heights.Infrared thermal imaging technology is used to monitor factory equipment operating
Online
conditions in real time promptly identifying safety hazards such as equipment
Monitoring
overheating and aging wiring and rapidly building a safety protection network of "real-
System
time monitoring intelligent early warning and rapid response."
A Four-Color Safety Risk Distribution Map is posted at prominent locations. Job Risk
Risk Inventory &
Notification Cards are displayed at workstations and Major Risk Bulletin Boards are
Risk Bulletin
displayed at prominent locations in areas with significant or higher-level risks.Labor Safety helmets ear muffs insulated gloves safety shoes and other protective
Protection equipment are provided. Supervision and inspection of workers' proper use of personal Introduction of Semi?Automatic Large Cylindrical Cell Line Equipment
Equipment protective equipment are conducted. Regular training on the use of personal protective
Before Introduction After Introduction
Distribution equipment is organized.Manua l operat ions w i th p roducts we igh ing Automated equipment introduced; automatic loading
approximately 15 kg; frequent handling movements; automatic sorting automatic bracket insertion
Occupational During the reporting period 100% of personnel required to undergo screening received high worker fatigue; high risk of employee turnover. automatic screw fastening; workers only need to place
Health occupational health examinations. No suspected occupational diseases or occupational upper and lower brackets and nuts/bolts effectively
Examinations contraindications were identified. reducing worker fatigue.Safety Awareness Education
To enhance employee safety awareness the company plans an annual "Work Safety Month" campaign improving
employees' safety awareness and emergency response capabilities through safety knowledge competitions emergency
drills hazard investigations cautionary education and other activities. Safety education covering all employees is
incorporated into the annual training plan with content including occupational hazard factor identification use of
protective measures and occupational disease prevention. During the reporting period total safety training hours reached
7256 man-hours and 85 safety emergency drills were conducted.
92 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 93People First
Total Safety Training Hours Safety Emergency Drills
7256man-hours 85
Contractor Safety Management
The company has formulated and implemented the Related Party Environmental and Occupational Safety Management
Procedure and the Construction Work Safety Management System to regulate and supervise contractor safety behaviors.Before construction work commences the company provides safety education and training to the contractor requires the
related party to develop a safety risk management plan and subjects them to the company's safety audits.Through a series of work safety management measures both Greenway and K-Tech have obtained the Dongguan Municipal
Level III Work Safety Standardization Certification for Industrial and Commercial Enterprises and Hazardous Chemicals
signifying that the enterprises have met the standards in work safety management system development.
94 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 95Community Relations
10
Community Relations
10.1 Community Relations
10.2 Social Contribution
96 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 97Community Relations
Community Relations 10.2 Social Contribution
Talent Development
10.1 Rural Revitalization&Community Relations
With "win-win cooperation between industry and education and precise empowerment" at its core Greenway
Greenway actively engages in rural revitalization continuously deepens collaboration and coordination with local has established an in-depth school-enterprise partnership with Dongguan Technician College developed a
communities and government authorities and gives back to society with concrete actions. comprehensive talent cultivation system and delivered professional and skilled talent for the growth of the new
energy industry.In the cooperation both parties give play to their respective advantages to form a joint force in talent cultivation:
Rural Revitalization relying on its teaching resources the college designs a targeted curriculum system according to the company's
technical needs recommends outstanding teachers and students to participate in project R&D practice and builds a
In 2025 Greenway actively fulfilled its social responsibility for employment assistance by taking the initiative to bridge between theory and practice for talent growth; the company provides high-quality off-campus training bases
recruit individuals lifted out of poverty from the cooperative regions of Guangdong. The company provided stable gives priority to accepting students for internships and employment and at the same time selects experienced
jobs comprehensive remuneration and benefits as well as career development opportunities for this group technical backbones and management talents to serve as part-time teachers in the college sharing cutting-edge
effectively helping to consolidate and expand the achievements of poverty alleviation while promoting rural industry technologies and practical experience. Furthermore the two parties carry out joint talent cultivation
revitalisation and regional coordinated development. around industry needs. The college gives priority to recommending outstanding graduates to the company while the
company assists the college in optimizing its program offerings and talent cultivation objectives forming a closed-
In 2025 the company recruited a total of 4 individuals lifted out of poverty from the cooperative regions of loop cultivation model of "enrollment – cultivation – employment."
Guangdong.This school-enterprise collaboration not only helps the company secure skilled talent suited to industrial
Meanwhile the company actively participated in the Dongguan Spring Breeze Action and integrated into the local development but also enhances the quality of the industry's talent pipeline achieving a win-win outcome for
public employment service system. By proactively addressing the employment needs of job seekers through enterprise growth talent development and industrial upgrading.job postings on-site recruitment career guidance and other initiatives the company established an efficient
employment connection platform.Police?Enterprise Cooperation
K-Tech in collaboration with the Traffic Police Brigade risks. This initiative not only significantly enhanced
of Wangniudun Town Dongguan City organised an employees' traff ic safety awareness but also
immersive publicity and education activity titled strengthened the collaboration between the police
"Traffic Safety Caravan Enters the Enterprise" covering and the enterprise laying a solid foundation for the
all employees. company's safety management and the promotion of
local traffic safety culture.Moving away from the traditional lecture-based Educational Donation
approach the activity adopted a core model of "opening
speech + feature displays + interactive experiences +
gift incentives". It included unique segments such as To support the educational development of South China University of Technology the Company donated RMB
motorcycle skill demonstrations and accident scene 30000 to the Education Development Foundation of South China University of Technology in Guangdong Province.simulations and featured seven interactive experience The donation is earmarked for the Employment Education Fund of the University's Student Career Development
booths to convey traffic safety knowledge through Centre. The programme was launched in 2024 for a term of three years.live demonstrations VR experiences knowledge The fund supports six categories of activities including recruitment events student career team activities awards
challenges and other formats. for employment-related competitions and office operations. The recipient and beneficiary institution manage and
Following the activity over 95% of employees utilise the funds in accordance with their articles of association. Through this donation the Company supports the
reported that they would proactively avoid traffic university's employment education initiatives and helps nurture more outstanding talents for society.
98 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 99Appendix
Appendix Environmental PerformanceSolid Waste3
Indicator Unit 2024 2025
11.1 Key Performance Indicators Disposal capacity of general industrial solid
waste Ton 144.99 182.70
Economic Performance Indicators Disposal capacity of hazardous waste Ton 9.22 11.99
Industrial solid waste disposal intensity ton / million yuan of revenue 0.08 0.07
Indicator Unit 2024 2025
Total assets 100 million yuan 26.92 29.02 Energy Consumption
Operating revenue 100 million yuan 18.44 27.35
Indicator Unit 2024 2025
Net profit attributable to shareholders of the
listed company 100 million yuan -0.97 0.56 Purchased electric power kWh 35953790.00 45833545.00
Basic earnings per share yuan per share -0.97 0.56 Purchased renewable electric power kWh 6736000.00 17840000.00
R&D investment 100 million yuan 1.34 1.46 Purchased steam ton 16637.00 37838.00
Total natural gas consumption m3 3174.85 0.00
Safety investment 10 thousand yuan 9.21 267.33
Total gasoline consumption liter 12671.85 11544.10
Environmental protection investment 10 thousand yuan 676.10 135.71
Total diesel consumption liter 6604.80 11183.87
Social welfare investment 10 thousand yuan 5.63 3.16 Comprehensive energy consumption tce 6590.36 10532.19
Employee training investment 10 thousand yuan 82.63 103.47 Comprehensive energy consumption intensity tce / million yuan of revenue 3.57 3.85
Environmental Performance1 Water Resources Consumption
Air Pollutant Emissions
Indicator Unit 2024 2025
Indicator Unit 2024 2025 Water Intake ton 230183.00 224717.00
Total air pollutant emissions kilogram 784.60 898.50 Water Intake Intensity ton / million yuan of revenue 124.83 94.62
Tin and its compounds kilogram / 76.20 Greenhouse Gas Emissions4
VOCs kilogram / 668.50
Indicator Unit 2024 2025
Particulates kilogram / 84.60
Total emissions (location-based) tCO2e 18185.26 24736.14
Nitrogen oxides kilogram 757.00 29.002
Total emissions (market-based) tCO2e 20108.44 21547.16
Sulfur dioxide kilogram 27.60 40.20 Scope 1 tCO2e 2297.28 4482.30
Air pollutant emission intensity kilogram/ million yuan of revenue 0.43 0.33 Scope 2 (location-based) tCO2e 15887.98 20253.84
Scope 2 (market-based) tCO2e 17811.16 17064.87
Wastewater Greenhouse gas emission intensity (location
-based) tCO2e per million yuan of revenue 9.86 9.04
Indicator Unit 2024 2025 Greenhouse gas emissions intensity
emissions intensity(market-based) tCO2e per million yuan of revenue 10.90 7.88
Total wastewater emission ton 495.00 520.00 4The greenhouse gas components we account for include CO2 CH4 N2O HFCs. Emissions are calculated using the emission factor method. The emission factor for gasoline
Wastewater emission intensity ton / million yuan of revenue 0.27 0.19 combustion is sourced from the 2006 IPCC Guidelines for National Greenhouse Gas Inventories (IPCC AR6) while the emission factor for diesel combustion is obtained from the
National Greenhouse Gas Emission Factor Database. The electricity emission factor is based on the Announcement on the Release of the 2023 Electricity Carbon Dioxide Emission
Factors issued by the Ministry of Ecology and Environment. Specifically the location-based electricity emission factor uses the 2023 average grid carbon dioxide emission factor for
Guangdong Province which is 0.4419 tCO2/MWh. The market-based electricity emission factor uses the national average grid carbon dioxide emission factor (excluding non-fossil 1 During this reporting period K-Tech Wangniudun branch was relocated resulting in significant changes to some environmental data compared to 2024. energy electricity from market-based transactions) which is 0.6096 tCO2/MWh. Based on this we have revised the 2024 data.2 In 2025 after the upgrade of the production line in K-Tech the boiler was replaced and switched to steam leading to a substantial reduction in nitrogen oxide emissions.
100 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 101Appendix
Environmental Performance Social Performance
Circular Economy Education Level
Indicator Unit 2024 2025 Indicator Unit 2024 2025
Weight of FSC recycled packaging Number of employees with bachelor's
materials used ton 7.54 4.20 degree and above
person 435 770
Number of employees with below bachelor's
Material recycling volume ton / 2.00 degree person 1790 1443
Proportion of employees with bachelor's
degree % 19.55 34.79
Social Performance 5 Proportion of employees under bachelor's % 80.45 65.21
Employee Situation degree
Job Level Classification
Indicator Unit 2024 2025
Total number of employees person 2225 2213 Indicator Unit 2024 2025
Number of senior management employees person 18 28
Gender Composition Number of grassroots employees person 2207 2185
Indicator Unit 2024 2025 Proportion of senior management employees % 0.81 1.27
Number of female employees person 814 814 Proportion of grassroots employees % 99.19 98.73
Number of male employees person 1411 1399 Regional Classification
Proportion of female employees % 36.58 36.78
Indicator Unit 2024 2025
Proportion of male employees % 63.42 63.22
Number of employees in mainland China person / 2213
Age Group Number of employees in Hong Kong Macao and Taiwan of China person / 0
Number of employees in other countries
Indicator Unit 2024 2025 and regions person / 0
Number of employees under 18 years old person 0 0 Percentage of employees in mainland China % / 100.00
Percentage of employees in Hong Kong
Number of employees aged 19-30 person 905 859 Macao and Taiwan of China % / 0.00
Number of employees aged 31-40 person 934 955 Percentage of employees in other countries and regions % / 0.00
Number of employees over 41 years old person 386 399
Ethnicity
Proportion of employees under 18 years old % 0.00 0.00
Proportion of employees aged 19-30 % 40.67 38.82 Indicator Unit 2024 2025
Number of employees from ethnic minority
Proportion of employees aged 31-40 % 41.98 43.15 groups person 378 313
Proportion of employees over 41 years old % 17.35 18.03 Percentage of employees from ethnic minority groups % 16.99 14.14
Number of senior managers from ethnic
minority groups person 1 1
Percentage of senior managers from ethnic % 5.56 3.57
5Due to rounding reasons the sum of some percentage data deviates slightly from 100.00% minority groups
102 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 103Appendix
Social Performance Social Performance
Employees with Disabilities Total number of employees that took parental leave by gender
Indicator Unit 2024 2025 Indicator Unit 2024 2025
Number of employees with disabilities person / 20 Female person / 0
Percentage of employees with disabilities % / 0.90 Male person / 0
Training Total number of employees that returned to work in the reporting period after parental leave
ended by gender
Indicator Unit 2024 2025
Coverage rate of skills training % 100.00 100.00 Indicator Unit 2024 2025
Total number of employees receiving skills Female person / 0
training person 2225 2213
Male person / 0
Total training hours hours 68130 41304
Average training hours per employee hours 30.62 18.66 Total number of employees that returned to work after parental leave ended that were still
Average training hours per employee of
management level hours / 73.07 employed 12 months after their return to work by gender
Average training hours per grassroots employees hours / 17.97
Indicator Unit 2024 2025
Career Development
Female person / 0
Indicator Unit 2024 2025 Male person / 0
Performance appraisal coverage % 100.00 100.00
Occupational Health and Safety
Proportion of employees with defined
career development paths % 100.00 100.00
Number of employees following career Indicator Unit 2024 2025
development plans person 2225 2213 Number of employees trained at all sites person 2225 2213
Remuneration Number of emergency drills times 26 85
Number of penalties for violations of
Indicator Unit 2024 2025 occupational health and safety laws and cases 0 0regulations
Total annual remuneration of the highest-
paid individual in the organization 10000 CNY 240.66 308.52 Number of recordable work-related injuries
6 cases 1 3
Gender pay gap % 18.37 13.23 Number of serious injury accident person 0 0
Number of work-related fatalities person 0 0
Parental Leave Number of work-related fatalities per 100 person/100 million yuan of
Total number of employees entitled to parental leave million yuan of revenue revenue
0.000.00
Lost workday rate per million hours worked / 0.22 0.39
Indicator Unit 2024 2025 Serious injury rate 7 / 0.00 0.00
Female person / 0 Coverage rate of employees receiving
occupational health and safety training % 100.00 100.00
Male person / 0
6 During this reporting period all employee injuries were classified as Grade 10 disabilities such as abrasions sprains etc. and did not result in serious consequences for the
employees' safety or health.
7 Serious Injury Rate = Number of serious injuries ÷ Total hours worked × 1000000.
104 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 105Appendix
Social Performance Social Performance
Supply Chain Supplier Social Assessment
Indicator Unit 2024 2025 Indicator Unit 2024 2025
Total number of raw material suppliers suppliers 524 528 Number of new suppliers screened using social criteria suppliers / 56
Total number of new suppliers suppliers / 66 Number of suppliers that conducted social impact assessments suppliers / 200
Number of suppliers identified with actual and potential significant negative
By Region social impacts
suppliers / 0
Number of such suppliers that agreed to improve after the assessment suppliers / 0
Indicator Unit 2024 2025 Number of such suppliers with whom relationships were terminated
after the assessment suppliers / 0
Suppliers in China (including Hong Kong Macao and Taiwan) suppliers 520 524
Overseas suppliers suppliers 4 4 Non?compliance Events Related to Product and Service Information & Labeling
Supplier Basic Information Indicator Unit 2024 2025
Number of incidents fined or penalized for violations cases 0 0
Indicator Unit 2024 2025 Products cases 0 0
Coverage rate of written supplier surveys % ≥ 90 100.00 Services cases 0 0
Cumulative number of suppliers assessed suppliers / 306 Number of incidents warned for violations cases 0 0
Products cases 0 0
Responsible Mineral Due Diligence Services cases 0 0
Indicator Unit 2024 2025 Non?compliance Events Related to Marketing (Including Advertising Promotion and Sponsorship)
Percentage of mineral-related suppliers that signed the Conflict-Free
Minerals Policy & Commitment % 51.05 73.31 Indicator Unit 2024 2025
Supplier Environmental Assessment Number of incidents fined or penalized for violations cases 0 0
Products cases 0 0
Indicator Unit 2024 2025 Services cases 0 0
Number of incidents warned for violations cases 0 0
Number of new suppliers screened using environmental criteria suppliers / 66
Products cases 0 0
Number of suppliers that conducted environmental impact assessments suppliers / 248 Services cases 0 0
Number of suppliers identified with actual and potential significant negative
suppliers / 0 Non?compliance Events Related to Product Infringement
environmental impacts
Indicator Unit 2024 2025
Number of such suppliers that agreed to improve after the assessment suppliers / 0
Total number of confirmed product infringement incidents or related
lawsuits cases 0 0
Number of such suppliers with whom relationships were terminated
suppliers / 0 Total number of confirmed incidents of product being infringed or related
after the assessment lawsuits cases 0 0
106 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 107Appendix
Governance Performance 11.2 Index Table
Material Illegal and Non?compliant Events
Index to Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
Indicator Unit 2024 2025
Number of incidents resulting in fines cases 0 0 Dimension Disclosure Requirements Clause Corresponding Sections
Number of incidents resulting in non-monetary sanctions cases 0 0 Addressing Climate Change Articles 21 to 28 Green Operations
Amount of fines imposed for illegal acts in the reporting period CNY 0 0
Pollutant Emissions Article 30 Green Operations
Board of Directors
Waste Management Article 31 Green Operations
Indicator Unit 2024 2025 Ecosystem and Biodiversity
Conservation Article 32 Green Operations
Board Seats seats 5 5 Environmental
Environmental Compliance Article 33 Green Operations
Independent Director Seats seats 2 2 Management
Female Director Seats seats 1 1 Energy Utilization Article 35 Green Operations
Number of Board Member Training sessions / 2
Water Resources Utilization Article 36 Green Operations
Number of Directors Participating in Training participants / 3
Average Training Hours per Board Member hours / 17 Circular Economy Article 37 Green Operations
Anti?Corruption Rural Revitalization Article 39 Community Relations
Indicator Unit 2024 2025 Social Contribution Article 40 Community Relations
Total number of confirmed corruption incidents cases 0 0 Innovation-Driven Article 42 Innovation-Driven
Total number of employees dismissed or disciplined for
corruption cases 0 0 Science and Technology Ethics Article 43 This topic has low relevance to the company's core operations
Number of contracts terminated or not renewed with business
partners due to corruption-related violations cases 0 0 Social Supply Chain Security Article 45 Supply Chain & Network
Percentage of governance body members that the organization's Collaboration
anti-corruption policies and procedures have been communicated to % 100.00 100.00 Equal Treatment of Small and Article 46 Coporate Governance
Total number of operations assessed for risks related to Medium-sized Enterprises
corruption operations 2 3 Product and Service Safety and
Percentage of operations assessed for risks related to corruption % 100.00 100.00 Quality
Article 47 Product Responsibility
Data Security and Customer
Privacy Protection Article 48 Product Responsibility
Information Security
Employees Article 50 People First
Indicator Unit 2024 2025
Due Diligence Article 52 Supply Chain & Network Total number of substantiated complaints received concerning Collaboration
breaches of customer privacy cases 0 0 Sustainable
Stakeholder Engagement Article 53 ESG Leadership
Total number of identified leaks thefts or losses of customer data cases 0 0 Development-
related Anti-Commercial Bribery and
Total amount involved in the data security incident million yuan 0 0
Governance Anti-Corruption
Article 55 Coporate Governance
Total amount involved in losses of customer data million yuan 0 0 Anti-Unfair Competition Article 56 Coporate Governance
108 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 109Appendix
11.3 GRI Content Index GRI Standards Disclosure Items Location
Greenway prepared the report with reference to the GRI Standards for the period from 1 2-22 Statement on sustainable development strategy
Chairman's
Instructions for Use MessageJanuary 2025 to 31 December 2025.
2-23 Policy commitments ESG Leadership
GRI 1 Applied GRI 1: Foundation 2021
2-25 Processes to remediate negative impacts CoporateGovernance
GRI Standards Disclosure Items Location 2-26 Mechanisms for seeking advice and raising concerns ESG Leadership
GRI 2: General Disclosures 2021
Coporate
2-1: Organizational Details About Greenway 2-27 Compliance with laws and regulations Governance
2-2: Entities Included in the Organization's Sustainability
Reporting About the Report
2-28 Membership associations About Greenway
2-29 Approach to stakeholder engagement ESG Leadership
2-3: Reporting Period Frequency and Contact Persons About the Report
Key Performance 2-30 Collective bargaining agreements People First2-4: Restatements of Information Indicator Table
Independent 3-1 Process to determine material topics ESG Leadership
2-5 External assurance Assurance
Statement GRI 3: Material Topics 2021 3-2 List of material topics ESG Leadership
2-6 Activities value chain and other business relationships About Greenway 3-3 Management of material topics ESG Leadership
2-7 Employees People First
GRI 201: Economic Performance 201-1 Direct economic value generated and distributed
Key Performance
Indicator Table
2-8 Workers who are not employees People First 2016 201-4 Financial assistance received from government Key Performance Indicator Table
2-9 Governance structure and composition Coporate 205-1 Operations assessed for risks related to corruption
Coporate
Governance Governance
205-2 Communication and training about anti-corruption policies Coporate
GRI 2: General Disclosures 2021 GRI 205: Anti-corruption 20162-10 Nomination and selection of the highest governance body Coporate and procedures GovernanceGovernance
Coporate 205-3 Confirmed incidents of corruption and actions taken
Coporate
2-11 Chair of the highest governance body GovernanceGovernance GRI 206: Anti-competitive 206-1 Legal actions for anti-competitive behavior anti-trust and Coporate
2-12 Role of the highest governance body in overseeing the Coporate Behavior 2016 monopoly practices Governance
management of impacts Governance
207-1 Approach to tax CoporateGovernance
2-13 Delegation of responsibility for managing impacts CoporateGovernance GRI 207: Tax 2019
207-2 Tax governance control and risk management Coporate
2-14 Role of the highest governance body in sustainability Governance
reporting ESG Leadership 301-2 Recycled input materials used Green Operations
2-15 Conflicts of interest Coporate GRI 301: Materials 2016Governance 301-3 Reclaimed products and their packaging materials Green Operations
2-16 Communication of critical concerns ESG Leadership
302-1 Energy consumption within the organization Green Operations
2-19 Remuneration policies People First 302-3 Energy intensity Key Performance Indicator Table
GRI 302: Energy 2016
2-20 Process to determine remuneration People First 302-4 Reduction of energy consumption Green Operations
2-21 Annual total compensation ratio Key Performance Indicator Table 302-5 Reductions in energy requirements of products and services Green Operations
110 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 111Appendix
GRI Standards Disclosure Items Location GRI Standards Disclosure Items Location
303-1 Interactions with water as a shared resource Green Operations 403-5 Worker training on occupational health and safety People First
303-2 Management of water discharge-related impacts Green Operations 403-6 Promotion of worker health People First
GRI 303: Water and Effluents 2018
303-3 Water withdrawal Green Operations 403-7 Prevention and mitigation of occupational health and safety
GRI 403: Occupational Health and impacts directly linked by business relationships
People First
303-4 Water discharge Green Operations Safety 2018 403-8 Workers covered by an occupational health and safety
management system People First
304-1 Operational sites owned leased managed inor adjacent
to protected areas and areas of high biodiversity value outside Green Operations 403-9 Work-related injuries People First
GRI 304: Biodiversity 2016 protected areas
304-2 Significant impacts of activities products and services on 403-10 Work-related ill health People First
biodiversity Green Operations
Key Performance 404-1 Average hours of training per year per employee
Key Performance
305-1 Direct (Scope 1) GHG emissions Indicator TableIndicator Table
GRI 404: Training and Education 404-2 Programs for upgrading employee skills and transition People First
305-2 Energy indirect (Scope 2) GHG emissions Key Performance 2016 assistance programsIndicator Table
GRI 305: Emissions 2016
305-4 GHG emissions intensity Key Performance
404-3 Percentage of employees receiving regular performance and Key Performance
Indicator Table career development reviews Indicator Table
305-5 Reduction of GHG emissions Key Performance 405-1 Diversity of governance bodies and employees People FirstIndicator Table GRI 405: Diversity and Equal
Opportunity 2016
306-1 Waste generation and significant waste-related impacts Key Performance 405-2 Ratio of basic salary and remuneration of women to men
Key Performance
Indicator Table Indicator Table
GRI 406: Non-discrimination
306-2 Management of significant waste-related impacts Key Performance 2016 406-1 Incidents of discrimination and corrective actions taken People FirstIndicator Table
GRI 306: Waste 2020 306-3 Waste generated Key Performance GRI 407: Freedom of Association 407-1 Operations and suppliers in which the right to freedom Indicator Table and Collective Bargaining 2016 of association and collective bargaining may be at risk People First
306-4 Waste diverted from disposal Key Performance Indicator Table GRI 408: Child Labor 2016 408-1 Operations and suppliers at significant risk for incidents of child labor People First
306-5 Waste directed to disposal Key Performance Indicator Table GRI 409: Forced or Compulsory 409-1 Operations and suppliers at significant risk for incidents of
308-1 New suppliers that were screened using environmental Supply Chain Labor 2016 forced or compulsory labor People First
GRI 308: Supplier Environmental criteria Management
Assessment 2016 308-2 Negative environmental impacts in the supply chain and Supply Chain 414-1 New suppliers that were screened using social criteria Supply Chain
actions taken Management GRI 414: Supplier Social Management
401-2 Benefits provided to full-time employees that are not Assessment 2016 414-2 Negative social impacts in the supply chain and actions Supply Chain
provided to temporary or part-time employees People First taken Management
GRI 401: Employment 2016 416-1 Assessment of the health and safety impacts of product and Product
401-3 Parental leave People First GRI 416: Customer Health and service categories Responsibility
GRI 402: Labor/Management Safety 2016 416-2 Incidents of non-compliance concerning the health and Key Performance
Relations 2016 402-1 Minimum notice periods regarding operational changes People First safety impacts of products and services Indicator Table
417-1 Requirements for product and service information and Product
403-1 Occupational health and safety management system People First labeling Responsibility
403-2 Hazard identification risk assessment and incident GRI 417: Marketing and Labeling 417-2 Incidents of non-compliance concerning product and Key Performance People First
GRI 403: Occupational Health and investigation 2016 service information and labeling Indicator Table
Safety 2018 417-3 Incidents of non-compliance concerning marketing Key Performance
403-3 Occupational health services People First communications Indicator Table
403-4 Worker participation consultation and communication on
occupational health and safety People First GRI 418: Customer Privacy 2016
418-1 Substantiated complaints concerning breaches of customer Product
privacy and losses of customer data Responsibility
112 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 113Appendix
11.4 Alignment Index of UN Sustainable Development Goals (SDGs)
SDGs Related Content Corresponding Section SDGs Related Content Corresponding Section
Goal 8 Decent Work and Economic Growth People First
Goal 1 No Poverty Community Relations
Goal 9 Industry Innovation and Infrastructure Innovation-Driven
Goal 3 Good Health and Well-being People First
Goal 10 Reduced Inequalities People FirstCorporate Governance
Goal 4 Quality Education People First
Goal 11 Sustainable Cities and Communities Product Responsibility
Goal 5 Gender Equality People First
Product Responsibility
Goal 12 Responsible Consumption and Production Innovation-Driven
Supply Chain Management
Goal 6 Clean Water and Sanitation Green Operations
Goal 13 Climate Action Green Operations
Goal 7 Affordable and Clean Energy Green Operations
Goal 16 Peace Justice and Strong Institutions Corporate Governance
114 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 115Appendix
11.5 Index of Proper Nouns
CHAPTER ABBREVIATION DETERMINATION CHAPTER ABBREVIATION DETERMINATION
01 About Greenway 04 Green Operations
Original Design Manufacturer: a manufacturing model where the contracted supplier designs and produces Biochemical Oxygen Demand: the amount of dissolved oxygen consumed by microorganisms to decompose
ODM products based on its own or jointly developed specifications which are then branded and sold by the client BOD5 degradable organic matter in a water sample after incubation at a constant temperature of 20° C for 5 days. It
manufacturer. is a key water quality indicator for measuring the level of organic pollution in water bodies.Original Equipment Manufacturer: a manufacturing model where the contracted supplier produces
products in line with the requirements and authorisation of the client manufacturer with all design Suspended Solids: Solid pollutants present in a suspended state in water and a core routine water quality
OEM SS
schematics and production processes strictly following the client's proprietary design acting purely as a monitoring indicator used to measure water turbidity and solid pollution content in water bodies.contracted processing manufacturer.China National Accreditation Service for Conformity Assessment: a national accreditation body approved 4.1 Green Operations Ammonia Nitrogen: Nitrogen present in water in the form of free ammonia and ammonium ions. It is one of NH3-N
and established by the State Administration for Market Regulation of the People's Republic of China with Management the core monitoring indicators for eutrophication prevention and water pollution control of water bodies.CNAS
unified responsibility for the accreditation of certification bodies laboratories inspection institutions and
1.1 Company other relevant organisations.
Polyethylene: a general-purpose thermoplastic material. In this report it is used for the internal isolation and
Profile
PE protection of chemical packaging drums to reduce the generation of waste chemical drums at the source and
Battery Management System: an intelligent system for the management and maintenance of battery units
achieve compliant disposal and pollution control.BMS with core functions including monitoring battery status preventing overcharging and over-discharging and
extending the service life of batteries. Material Safety Data Sheet: a core technical document provided by chemical suppliers which clarifies the
physical and chemical properties hazard information safe operation and disposal measures emergency
Surface Mount Technology: an electronic assembly technology that directly mounts and solders surface MSDS
SMT protection procedures and other relevant content of chemicals. It is a key basis for the compliant full life cycle
mount components with no leads or short leads onto the surface of a Printed Circuit Board (PCB). management of chemicals within the company.Automated Guided Vehicle: an intelligent logistics handling device based on automatic navigation
AGV
technology commonly known as an intelligent handling robot. 4.5 Circular Economy Forest Stewardship Council: an internationally recognised certification for sustainable forest management
FSC
and Resource which ensures that wood and paper-based raw materials used in products are sourced from sustainably
Battery pack: a battery system formed by combining multiple individual battery cells through series parallel or Certification
PACK Conservation managed forests or recyclable renewable materials.series-parallel connections capable of delivering higher voltage greater capacity or more stable current output.
02 ESG Leadership 05 Product Liability
Sustainable Development Goals: 17 global sustainable development goals formulated by the United
SDGs Nations designed to comprehensively address social economic and environmental development challenges Failure Mode and Effects Analysis: a proactive risk assessment methodology that identifies potential failure
between 2015 and 2030 and advance global sustainable development. FMEA modes in product design or production processes analyses their root causes and impacts and formulates
2.1 ESG Governance preventive and corrective measures in advance.
Structure
Task Force on Climate?related Financial Disclosures: a working group established by the Financial Stability
TCFD Board which has developed a framework for climate-related financial disclosures to guide enterprises in Integrated Product Development: a systematic product R&D and management system that delivers efficient
identifying assessing and disclosing climate-related risks and opportunities. IPD management of the entire product R&D life cycle through cross-departmental collaboration and structured
workflows.
03 Corporate Governance
3.3 Information Advanced Product Quality Planning: a quality management tool widely adopted in the manufacturing
Disk to Disk to Tape: a three-tier data backup architecture that combines fast backup via online disks near-line
Security and Privacy D2D2T APQP industry applied during the product R&D and production preparation stages to proactively identify and
disk caching and offline tape archiving balancing backup efficiency and the long-term secure storage of data.Protection 5.1 Product mitigate quality risks ensuring products meet customer requirements.Quality and
04 Green Operations Safety Critical to Quality: critical quality characteristics refer to the key parameters and attributes that have a
CTQ decisive impact on customer requirements product performance safety and regulatory compliance in the
Volatile Organic Compounds: a general term for organic compounds that readily undergo volatilisation at
VOCs product or production process.ambient temperature and one of the primary air pollutants generated in industrial production.Restriction of Hazardous Substances: a mandatory environmental protection directive formulated by the
N?Methyl?2?pyrrolidone: an organic solvent commonly used in the lithium-ion battery production process RoHS European Union which restricts the use of hazardous substances including lead mercury cadmium and others
4.1 Green Operations NMP primarily applied in the electrode coating stage which can be recycled purified and reused via dedicated in electrical and electronic products.
Management equipment.Registration Evaluation Authorization and Restriction of Chemicals: a chemical supervision and
Chemical Oxygen Demand: a measurement of the chemical oxygen demand in water tested using REACH management regulation formulated by the European Union which governs the production and trade of
CODcr potassium dichromate as the oxidising agent and a core indicator for quantifying the level of organic chemicals to protect human health and environmental safety.pollution in water bodies.
116 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 117Appendix
11.6 Independent verification statement
CHAPTER ABBREVIATION DETERMINATION
05 Product Liability
Eight Disciplines Report: a standardised problem-solving methodology widely used in the manufacturing
8D Report industry consisting of 8 fixed steps. It is commonly applied to customer complaint handling root cause
5.2 Customer analysis of quality issues and corrective action closed-loop management.
Service and
Support Customer Relationship Management: a digital system for managing interactive relationships between an
CRM enterprise and its customers enabling end-to-end digital management of customer information sales processes
after-sales service and full workflows.
06 Innovation?Driven
Internet of Things: a network technology that connects physical objects to the internet via information
IoT sensing devices in accordance with agreed protocols for information exchange and communication to realise
intelligent identification positioning tracking monitoring and management.
6.2 Green R&D
Ingress Protection rating X7: an enclosure protection rating standard formulated by the International
IPX7 Electrotechnical Commission (IEC). "X" indicates that the dust protection rating is untested or unspecified and "7"
indicates a waterproof rating of Level 7.
07 Supply Chain Collaboration
Supplier Relationship Management: a digital system for managing cooperative relationships between an
SRM enterprise and its suppliers enabling digital closed-loop management of supplier admission assessment
collaboration and full lifecycle management.
7.1 Supply Chain
Management
Advanced Planning and Scheduling: a digital system for intelligent production scheduling of enterprise
APS production plans and material requirement plans enabling production and sales collaboration accurate
forecasting of material demand and production plan optimisation.
08 Digital Intelligence Empowerment
Personal Digital Assistant: a handheld terminal which is a portable mobile data processing device widely
PDA used in barcode scanning data collection information inquiry and other scenarios in production and
warehousing processes.Manufacturing Execution System: a production information management system for the workshop
8.2 Intelligent
MES production execution layer enabling end-to-end digital management of production process data collection
Manufacturing
progress tracking quality control and abnormal response.Warehouse Management System: a system for end-to-end digital management of warehouse operations
WMS inventory management and logistics distribution with core functions including code-scanning receipt and
dispatch intelligent storage location allocation and first-in first-out (FIFO) management etc.
09 People First
Likelihood?Exposure?Consequence Method: also known as the Graham Method it is a semi-quantitative
risk assessment method. L refers to the likelihood of an accident occurring E refers to the frequency of
LEC Scoring
personnel exposure to hazardous environments and C refers to the consequences of an accident. The three are
Method
multiplied to obtain the hazard risk value D (Degree of risk) with the calculation formula: D = L × E × C. The
9.5 Occupational higher the D value the higher the risk level and priority shall be given to taking risk control measures.
Health and Safety
Personal Protective Equipment: protective equipment provided to protect the personal safety and health
PPE of workers in the production process including safety helmets protective gloves safety shoes goggles gas
masks ear muffs and other items.
118 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 119Appendix
120 Guangdong Greenway Technology Co. Ltd. 2025 Environmental Social And Governance Report 121
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