Green Low-Carbon and People-Oriented Uniting Upholding Integrity

Eco-Friendly for Progress and Principles Appendix

1CONTENTS

Overview

About This Report 01

Message from the Chairman 03

About SANY Renewable Energy 05

010305

Sustainable Development Green Low-Carbon Upholding Integrity and

Management and Eco-Friendly Principles

Sustainable Development Vision 12 Climate Change Response 37 Efficient Corporate Governance 67

Sustainable Development Governance 14 Environmental Compliance Management 42 Robust and Compliant Operations 69

Stakeholder Engagement 15 Efficient Resource Utilization 45 Responsible Supply Chain 75

Materiality Assessment 16 Biodiversity Protection 47

0204

Forging Ahead with Innovation People-Oriented

Succeeding with Quality Uniting for Progress Appendix

Sustainable Product Development 23 Protecting Employee Rights 51 Key Performance 79

Lean Quality Management 28 Empowering Employee Development 55 Index of Indicators 85

Smart Wind Farm Operations 33 Occupational Health and Safety 59 Independent Third-Party Assurance Report 91

Supporting Community Development 63Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

About This Report Abbreviations

For clarity and readability "SANY Renewable Energy" "we" and "the Company" in This Report refer to SANY Renewable Energy Co. Ltd.Unless otherwise specified the full Company names and abbreviations used in this report are shown in the table below.Full Company Name Abbreviation Used in This Report

SANY Renewable Energy Co. Ltd. SANY Renewable Energy

Sany Zhangjiakou Wind Power Technology Co. Ltd. Sany Zhangjiakou

Sany (Shaoshan) Wind Power Equipment Co. Ltd. Sany Shaoshan

Sany Renewable Energy Equipment (Chenzhou) Co. Ltd. Sany Chenzhou

Tongyu County Sany Wind Power Equipment Technology Co. Ltd. Sany Tongyu

Sany (Bayannur) Wind Power Equipment Co. Ltd. Sany Bayannur

Sany (Tacheng) Wind Power Equipment Co. Ltd. Sany Tacheng

Sany (Barkol) Wind Power Equipment Co. Ltd. Sany Barkol

Sany (Xilingol) Wind Power Equipment Co. Ltd. Sany Xilingol

Beijing Sany Intelligent Motor Co. Ltd. Sany Intelligent Motor

Report Description

Data Sources

SANY Renewable Energy Co. Ltd. 2025 Environmental Social and Governance ("ESG") Report (hereinafter referred to as "this report") is

the fourth ESG report published by SANY Renewable Energy Co. Ltd. and is intended to objectively and truthfully disclose the Compa- All financial data in this report comes from the Company's annual report while other data is sourced from official documents or public

ny's strategies policies measures and achievements in sustainable development to all stakeholders. files as well as third-party verification data. Unless otherwise specified all amounts are in CNY. Some figures and percentages in this

report have been rounded so the totals shown in some tables may not necessarily equal the sum of the individual items.Basis of Preparation

This report is prepared in accordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies— Confirmation and Approval

Sustainability Report (Trial) by the Shanghai Stock Exchange and the Guide No.13 for Self-Regulatory Supervision on Listed Companies

of the SSE STAR Market—Compilation of Sustainable Development Reports. Meanwhile this report also refers to the GRI Sustainability This report was confirmed by management and approved by the Board of Directors on April 22 2026. The Board of Directors of SANY

Reporting Standards issued by the Global Sustainability Standards Board (GSSB) International Financial Reporting Sustainability Dis- Renewable Energy assures that there are no false records misleading statements or material omissions in the content of this report.closure Standards No. 2 Climate-related Disclosures issued by the International Sustainability Standards Board (ISSB) and the United

Nations Sustainable Development Goals (SDGs).Report Scope

Access to This Report and Feedback

This report covers SANY Renewable Energy and its holding subsidiaries consistent with the scope of the Company's 2025 Annual Re-

port. Environmental data covers major production bases and key office locations. Any discrepancies between specific information or This report is published in both electronic and printed formats. The electronic version can be downloaded from the Shanghai Stock

data boundaries and the overall reporting scope are explicitly noted in the main text. Exchange (SSE) website or the official website and WeChat official account of SANY Renewable Energy.This report is an annual report covering the period from January 1 2025 to December 31 2025. To enhance the comparability and Your opinions and suggestions are highly valuable to us. For any inquiries or recommendations regarding the Company' s sustainability

completeness of the report content some content may appropriately reference past or future years. disclosures and performance please email us at sanyreir@sany.com.cn.

01 02Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Message from the Chairman

As the global energy transition surges forward clean We adhere to green development addressing the We uphold integrity consolidating our devel-

energy has become the core driver of global sustaina- challenges of our time through climate action. 2025 opment foundation with high standards of gov-

ble development. As a leader in the wind power equip- marked the tenth anniversary of the Paris Agreement ernance. In 2025 we continuously enhanced our

ment supply and services SANY Renewable Energy when global climate governance entered a critical corporate governance system and risk management

integrates sustainability into its corporate strategy and phase. We continued to improve our corporate cli- mechanisms. By doing so we strengthened our man-

operations. The Company has established its sustain- mate governance and climate risk management while agement over business ethics and compliance with

ability strategy and management objectives around actively capitalizing on climate opportunities to ac- the aim of creating a transparent and standardized

four core areas: innovation leadership green transi- celerate SANY Renewable Energy's decarbonization operational environment. We optimized the Supplier

tion talent development and robust governance. This thereby enhancing the Company's climate resilience. Code of Conduct and regularly conducted sustainabil-

approach is designed to drive coordinated progress in Additionally we fulfill our corporate environmental ity risk surveys on supply chain and corporate social

economic performance environmental responsibility responsibilities by strengthening environmental man- responsibility (CSR) assessments on suppliers. Those

and social value. agement and optimizing resource use efficiency. In actions reinforced the identification and control of

We commit to product innovation empowering the doing so we are committed to establishing a green ESG risks in our supply chain effectively safeguarding

energy transition with outstanding quality. In 2025 low-carbon and sustainable production model. Sany the labor and human rights occupational health and

upholding the concept of "every bit of achievement Shaoshan Blade Factory was successfully recognized environmental rights of all stakeholders in the supply

originates from innovation" we focused on the wind as a "National Green Factory" for its excellent environ- chain and contributed to building a responsible and

power industry's core market demand for intelligent mental management and technological innovation. sustainable industrial ecosystem.and full-scenario solutions utilized technological It marks a significant milestone in our adaptation of "Promoting Efficient Utilization of Clean Energy" is

innovation to continuously upgrade our product green manufacturing. SANY Renewable Energy's long-standing vision as well

portfolio developed the 12.X~16.X MW onshore and We are dedication-driven harnessing talent eche- as a key path to contribute to global sustainable de-

offshore platform series and launched a number of lons to empower our growth momentum. In 2025 velopment and climate governance. Moving forward

industry-leading benchmark products including the we continuously improved employee rights and inter- we will steadfastly drive industrial upgrading through

SI-270150 wind turbine and the SI-242 series wind tur- ests protection and incentive mechanisms. By intro- innovation promote value chain transformation

bines achieving full coverage of onshore and offshore ducing a "high compensation high standards high ef- through collaboration and integrate into the global

Chairman of SANY Renewable Energy Co. Ltd. wind power scenarios. Meanwhile we deepened R&D ficiency" talent policy establishing a dual-track career cooperation system with an open approach. We aim and application of intelligent manufacturing technol- progression system for both management and techni- to serve global customers with more efficient and re-

ogies to consistently enhance product reliability and cal paths and developing a global talent acquisition liable clean energy solutions working with worldwide

Li Qiang stability. We also leveraged advanced technologies network we successfully built a high-caliber team with stakeholders to embrace a greener lower-carbon and

such as eco-smart wind farms and intelligent O&M to both professional competence and a strong sense of sustainable new stage.improve grid stability and efficiency creating long- responsibility. Those efforts provide solid talent sup-

term value for our customers. port for the Company's long-term stable growth.

03 04Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

About SANY Renewable

Energy

Company Profile

SANY Renewable Energy Co. Ltd. was founded in 2008 and is commit-

ted to becoming a global leader in the field of clean energy equipment

supply and services. The Company was officially listed and traded on

STAR Market of Shanghai Stock Exchange on June 22 2022 (stock code:

688349). SANY Renewable Energy is among the Global Top 500 New

Energy Companies and recognized by the Ministry of Industry and Infor-

mation Technology of the People's Republic of China as the Benchmark

Enterprise for Intelligent Manufacturing. In recent years its market share

has continued to rise and it had become the world's fifth-largest wind

turbine manufacturer overall and one of the top five in China by the end

of 2025.Business Overview

The main businesses of SANY Renewable Energy include the R&D man-

ufacturing and sales of wind turbines and the designing construction

and operation management of wind farms. With the vision of "Pro-

moting Efficient Utilization of Clean Energy" we deeply engage in the

entire wind turbine industry chain from independent research and de-

velopment of core components integrated innovation of wind turbine

systems to investment and development of new energy projects and

intelligent operation and maintenance of wind farms providing optimal

solutions for the entire lifecycle of clean energy.Corporate Culture

Driven by the concept of "Leading the Future with Intelligent Manufac-

turing" and our vision of "Promoting Efficient Utilization of Clean En-

ergy" SANY Renewable Energy is actively contributing to China's goals

of "Carbon Peaking and Carbon Neutrality" and supporting the global

transition to clean energy.

05 06Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

ESG Performance Highlights ESG Ratings

Net Profit Attributable

Economic Performance Total Assets Revenue to the Parent Company

RMB 45.372 billion RMB 27.380 billion RMB 712 million

FEB 2026

R&D Investment Percentage of R&D Expenditure to Revenue

The 2025 S&P Global Corporate CDP Climate Change Rating: B EcoVadis rating reached Silver ranking

RMB 807 million 2.95% Sustainability Assessment (CSA) in the top 15% of the industry.score has risen to 70 points and has

been included in the "2026 Global

Sustainability Yearbook"

70 B Silver

Scope 1 Emissions

Environmental

Performance 17574 Tonnes of CO2 Equivalent 华证ESG评级证书

Scope 2 Emissions (Market-Based) Scope 2 Emissions (Location-Based)

175515 评级日期 认证单位Tonnes of CO2 Equivalent 158093Tonnes of CO2 Equivalent

Awarded the highest Wind ESG rating of AAA with a Selected for the "2025 A-share Listed Companies Best Practices

By the End of 2025 Wind Turbines comprehensive score of 9.49 out of 10. Ranked first among 395 in Social Dimensions TOP50" published by Huazheng Index with selected companies in the electrical equipment industry. ESG comprehensive rating upgraded from A to AAA.Provided by the Company Have Equivalent to Reducing

Cumulatively Generated Electricity

100.6 million Tonnes of CO

189.62

billion kWh Equivalent for Society AAA AAA

ESG Recognition and Awards

Social Performance Total Employees Employee Training Investment

7463 RMB 9001 thousand

Included in the "2024-2025 Forbes China Sustainable Innovation

Development Enterprises List" becoming the only Company from Selected for the S&P Global Commodities 2025 Tier1 Clean Energy

the wind turbine manufacturing sector on the list. Technology Companies List.Employee Labor Contract Signing Rate Employee Social Insurance Coverage Rate

100% 100% Awarded the title of "Top 100 ESG Listed Companies in China" in

the 19th edition. Included in the 2025 Yidong ESG Value 100 List.Note: The statistics for labor contract signing rate and social insurance coverage rate are for Awarded the 2025 Yidong Listed Company Excellence in SANY Shaoshan Lighthouse Factory was selected as an ESG

formal employees. Investor Relations Award. Environmentally Friendly Case by 21st Century Business Herald.Note: All ESG recognition and awards set out in this report are as of the release date.

07 08Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

01

Sustainable Development

Management

SANY Renewable Energy deeply integrates the concept of sustainable development

into its strategic planning operational management and business practices

establishing a comprehensive governance structure for sustainable development. It

formulates sustainable development strategies and management goals to lead the

industry towards high-quality development contributing to the global clean energy

cause and a sustainable future.Sustainability Issues

Sustainable Governance

UN Sustainable Development Goals (SDGs)

09 10Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Sustainable Development Vision

Progress toward 2025 Sustainable Development Management Goals

SANY Renewable Energy upholds the vision of "Promoting Efficient Utilization of Clean Energy" actively responds to the global sustain-

able development agenda and China's "Carbon Peaking and Carbon Neutrality"goals and is accelerating toward becoming a global SANY Renewable Energy actively responds to the United Nations 2030 Agenda and its 17 Sustainable Development Goals (SDGs) align-

leader in clean energy equipment and services. At the same time we work with industry partners to build an ESG ecosystem forge ing its sustainable development management with the global sustainable development vision for 2030. The Company has identified

consensus through responsibility pool strength through collaboration and jointly write a new chapter for sustainable development. key matters under each material topic across the four strategic pillars to form its sustainable development management goals. Based

on these goals it formulates and implements action plans continuously tracks performance and keeps advancing toward the achieve-

ment of its sustainable development goals.As a member of the United Nations Global Compact (UNGC) SANY Renewable Energy

is committed to supporting the ten principles in the four areas of human rights la-

bor environment and anti-corruption. We are dedicated to continuously integrating Pillars Material Issues Sustainability Management Goals Key Performance in 2025 SDGs

sustainable development into our business strategy and operations co-creating ESG

United Nations Global Compact (UNGC) value with our partners and promoting the achievement of the United Nations Sus- Response to climate change

tainable Development Goals. Emission and waste

Develop carbon strategies to progressively Total energy consumption:

management

As a member of the China ESG Alliance and a leader in clean energy technology SANY manage and reduce Scope 1 2 and 3 355590.00 MWhBiodiversity protection

Renewable Energy collaborates with industry partners to promote low-carbon innova- greenhouse gas (GHG) emissions Proportion of renewable Environmental compliance

tion share best practices and support the green transformation of the supply chain Achieve 100% compliant disposal of general energy consumption: 13.17%management

China ESG Alliance continuously deepening its commitment to sustainable development. and hazardous waste Total water withdrawal: Energy management

Promote product environmental impact 878597.73 m3

Water resource management

certifications and reduce lifecycle carbon Total water discharge:

Opportunity from clean

footprint per unit product 474748.92 m3

Sustainability Strategy technologies

Product lifecycle management

By establishing a sustainability strategy framework centered on four strategic pillars i.e. green development talent cultivation excel-

lent quality and business integrity the Company drives sustainable commercial practices and organizational transformation creating

value for all stakeholders.Number of child labor and

Zero incident in practice

Equality and diversity forced labor incidents: 0

Employee satisfaction improvement

Vision Labor and human rights Number of harassment and Zero tolerance and zero violation for labor

To Promote Efficient Utilization of Clean Energy protection discrimination incidents: 0rights violations and zero human rights

Human capital development Employee satisfaction survey

incidents in operations

Occupational health and safety score: 81.1

Career guidance for all employees

Training coverage rate: 88.2%

Sustainability Becoming a global leader in the field of clean energy equipment supply and services contributing to

Driving Force China's "Carbon Peaking and Carbon Neutrality" initiative and the world's clean energy transition

R&D investment: RMB 807

Strategic Pillars Green Development Talent Cultivation Excellent Quality Business Integrity Advance research on offshore wind turbines million

R&D and innovation and onshore large megawatt technologies

Number of R&D personnel:

Sustainable supply chain and promote the adoption and scaling of

835

Safety and quality of products clean energy

Taking Adhering to the talent Increasing investment Regarding honesty as Percentage of suppliers signed and services Achieve 100% signing rate for the Supplier

decarbonization concept of "hard work in R&D to manufacture the basic principle the Supplier Code of Conduct: Code of Conduct

as a core strategy and perseverance in intelligent wind and continuously 100%

continuously achieving success" turbines that "can improving business

reducing the overall and attracting high- sense decide and ethics rules and

Strategic Goals environmental impact quality talents execute" and building regulations to realize Conduct business ethics training with a Percentage of employees

of the Company's by continuously intelligent wind farms sound management. Business ethics 100% coverage rate receiving cumulative business

operations and enhancing the training that "achieve ultimate Sustainable governance Ensure a 100% signing rate for the ethics training: 100%

products to create an system and improving safety excellent Compliance and risk Business Ethics Commitment Letter among Percentage of operational sites

environment friendly employee benefits. energy performance management employees that have conducted internal

enterprise. and optimal operation Data security and privacy Foster an atmosphere of integrity in business audits/risk assessments on

and maintenance". protection operations and strengthen mechanisms for business ethics issues: 100%

supervision inspection and restraint

1112

Green Development Talen Cultivation Excellent Quality Business IntegrityOverview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Sustainable Development Governance Stakeholder Engagement

SANY Renewable Energy fully recognizes the importance of sustainable development governance to the Company's high-quality and SANY Renewable Energy has established diversified channels of communication with stakeholders to gain an in-depth understanding

sustainable development. We have established a governance structure covering the governance level management level and execu- of their expectations and suggestions regarding the Company's sustainable development. Relevant views are incorporated into sus-

tion level and we continue to improve and optimize our sustainable development management mechanisms to effectively advance tainable development management and operational decision-making and stakeholder concerns are actively addressed through con-

the achievement of our sustainable development goals. crete actions.SANY Renewable Energy's Sustainability Governance Structure Stakeholders Expectations and Requirements Communication Channels

Integrity and compliance Contract performance

Board of Directors

Product and service quality Customer feedback mechanism

Governance Strategy and Sustainability Committee Product innovation Market research

Level Customers and Sustainable operation Daily liaison

ESG Steering Group Business Partners Executives meeting

Management Level

ESG Working Group Corporate performance Annual and other periodic reports

Investment return Investor relations website

Execution Level Representatives from ESG-Related Departments Risk control and compliance governance Shareholders' meeting

Authenticity accuracy timeliness and completeness of Board meeting

Shareholders and information disclosure Information disclosure

Governance Level Investors Sustainable operation Visitor reception

The Board of Directors is the highest responsible body for matters related to the sustainable development of SANY Renewable Energy.Under the Board the Strategy and Sustainability Committee is responsible for the Company's long-term development strategy ma-

jor strategic investments sustainable development planning and ESG work. It also oversees ESG work reviews progress toward ESG Compliant operations Response to national policies

goals and provides recommendations thereby supporting the Board's scientific decision-making. For details please refer to the Rules Tax compliance Special conference

of Procedure for the Strategy and Sustainability Committee. As of the end of the Reporting Period the Committee consisted of three

members whose professional backgrounds covered engineering technology energy science finance and other fields. All members Employment promotion Communication and reporting

possess extensive experience in the clean energy sector and are therefore able to provide forward-looking guidance and professional Contributing to local economic development Surveys and interviewsGovernment and

decision-making support for the Company's sustainable development governance and ESG risk management. Regulators Implementing national initiative of carbon peaking and Inspection and evaluation

The Strategy and Sustainability Committee is required to convene at least one meeting each year. For details of meetings held please carbon neutrality

refer to the Company's 2025 Annual Report. The Committee reviewed and approved the Company's 2025 ESG report heard manage-

ment's updates on ESG progress during the Reporting Period and future work plans and discussed ESG trends and latest develop- Employees' rights and interests Employee meeting daily communi-

ments affecting the Company and the industry. Based on the latest market and regulatory sustainability trends and updates to the Occupational health and safety cation

Company's business development strategy the ESG Steering Group and the ESG Working Group also report major ESG decision-mak- Career development plan Complaint mechanism

ing matters to the Strategy and Sustainability Committee on an ad hoc basis.Remuneration and benefits Employee training

Employees Employee caring activities

Management Level Employee satisfaction survey

The ESG Steering Group and ESG Working Group are responsible for assisting the Strategy and Sustainability Committee in guiding

and supervising the Company's ESG work implementing ESG strategies and goals. The ESG Steering Group consists of Company man- Mutual benefits and integrity in contractual performance Contract performance

agement involved in key ESG management responsibilities responsible for formulating ESG strategies and goals reviewing ESG plans Long-term cooperation Information announcement

and major ESG projects and promoting cross-functional ESG collaboration. The ESG Working Group is responsible for developing the Supplier assistance and empowerment Supplier assessment and audit

Company's ESG implementation plan promoting strategy execution regularly collecting information from relevant ESG departments

monitoring plan execution and ensuring goal achievement while regularly reporting work progress to the ESG Steering Group. Suppliers Building green supply chains Supplier communication and training

Ecological environment protection Organizing charity events

Execution Level

Promoting economic development and employment Voluntary services and community visits

The execution layer consists of representatives from various functional departments involved in the Company's ESG matters respon-

Communities and Charity events and donations Open daysible for the implementation and promotion of ESG-related tasks. This includes identifying ESG risks and opportunities in daily opera-

tions formulating ESG goals and work plans tailored to the business and regularly reporting work progress to the ESG Steering Group Non-Governmental Public media coverage

and the ESG Working group. Organizations

13 14Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Materiality Assessment In 2025 we conducted a comprehensive review of the 2024 dual materiality assessment results and in light of the Company's develop-ment plans business characteristics and management views raised the rankings of both impact materiality and financial materiality

for the topic "Safety and Quality of Products and Services" and also raised the ranking of impact materiality for "Product Life Cycle

SANY Renewable Energy places great importance on the analysis and assessment of material sustainability topics regarding this as Management". Based on the assessment results the Company identified four highly important topics eight relatively important top-

the core foundation of sustainable development management. The results of the materiality assessment are treated as important ics and eight generally important topics. For the dual-materiality topics of "R&D Innovation" and "Safety and Quality of Products and

considerations in the Company's strategy implementation major transaction decisions and risk management thereby promoting co- Services" the Company provides disclosures in this report under the four dimensions of "Governance" "Strategy" "Impact Risk and

ordinated development in economic value environmental responsibility and social value and continuously enhancing comprehensive Opportunity Management" and "Indicators and Targets" in accordance with the requirements of the Shanghai Stock Exchange guide-

competitiveness and long-term value creation. At the same time we review the mechanisms procedures and results of the materiality lines. For the topics of Climate Change Response and Opportunity from Clean Technologies which are material only from an impact

assessment every year to ensure alignment with the Company's strategic direction and the expectations of internal and external stake- perspective the Company provides disclosures in accordance with the relevant provisions of the Shanghai Stock Exchange guidelines.holders. For other topics of concern to the Company that are not impact material or financially material or that are not applicable during the

Reporting Period this report provides disclosures or explanatory statements with reference to mainstream international sustainability

SANY Renewable Energy's Process for Analyzing the Importance of Sustainable Development Issues disclosure standards and the Company's actual circumstances.Step 1: Understand the Background of Company Activities and Business Relationships

SANY Renewable Energy 2025 Materiality Assessment Matrix

By analyzing the Company's operational activities product services and business area distribution we focus on iden-

tifying the factors related to the value chain's upstream and downstream that impact sustainable development. We Important

assess the potential impact of external environments such as laws regulations regulatory policies and industry trends E1 Response to S2 R&D and Climate Change Innovation

on the Company and comprehensively identify key internal and external stakeholders that are affected by the Compa- E2 Opportunity from S4 Safety and Quality of

ny and that affect the Company. Clean Technologies Products and Services

E5 Biodiversity Protection S9 Occupational Health E3 Product Lifecycle

and Safety

E6 Environmental Management

Step 2: Establish the Issue List Compliance S8 Human Capital Management Development S3 Sustainable

Supply Chain

Based on the 21 issues set out in the Guidelines and in conjunction with ESG management trends industry practices

S5 Data Security and S7 Labor Rights and

capital market concerns and regulatory requirements we confirmed 20 issues highly relevant to the Company's sus- Privacy Protection Human Rights Protection

tainable development referencing the Company's strategic planning business realities and stakeholder communica- G2 Sustainable E8 Water Resource S6 Equality and Diversity Governance

tion results. Management E4 Emissions and Waste G1 Business Ethics

Management

G3 Compliance and Risk

E7 Energy Management Management

Step 3: Importance Assessment of Issues

S1 Public Welfare

and Community

We analyze the nature of the impact generated by sustainable development issues (positive or negative) and whether Engagement

it occurs (actual or potential); we prepare an "Impact Importance" assessment questionnaire and invite internal and

external stakeholders to participate in the survey evaluating the importance of the issue's impact based on "severity of

impact (scale scope irreparability)" and "likelihood of occurrence".Combining external environments industry development trends and the Company's operational situation we identify

risks and opportunities related to sustainable development issues; we prepare a "Financial Importance" assessment

questionnaire and invite Company management department representatives and core investors to evaluate the fi- Relevant Financial Materiality Important

nancial importance of the issues from two dimensions: "importance of financial impact" and "likelihood of financial

impact". Generally Important Relatively Important Highly Important

Based on the survey results and in conjunction with internal management communication and discussions with exter-

nal experts we set importance threshold standards forming SANY Renewable Energy's dual importance matrix for ESG E4 Emissions and Waste Management E3 Product Lifecycle Management S2 R&D and Innovation ▲★

issues. E5 Biodiversity Protection S3 Sustainable Supply Chain S4 Safety and Quality of Products and

▲★

E6 Environmental Compliance S7 Labor Rights and Human Rights Services

Management Protection E1 Response to Climate Change ★

E7 Energy Management S8 Human Capital Development E2 Opportunity from Clean

Step 4: Review and Confirmation ★E8 Water Resource Management S9 Occupational Health and Safety Technologies

S1 Public Welfare and Community G1 Business Ethics

The Board of Directors approves and confirms the ranking of dual materiality topics and the dual materiality matrix. Engagement G2 Sustainable Governance

Key disclosures of identified material topics are made in the annual ESG report. S5 Data Security and Privacy Protection G3 Compliance and Risk Management

S6 Equality and Diversity

Note: ▲ indicates financial materiality issues; ★ indicates impact materiality issues.

1516

Impact MaterialityOverview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

The Company has incorporated the assessment of significant issues into its comprehensive risk management process relying on its risk management and internal control system to strictly control related risks while actively seizing relevant opportunities to promote long-term development. We have se-

lected issues with high rankings in both financial significance and impact significance comprehensively sorting their scope of influence risks and opportunities and affected stakeholders and outlining their management policies. For details please refer to the table below. During the Reporting Period

the sustainable development-related risks and opportunities identified by the Company have not had a significant impact on the Company's financial condition operating results or cash flow for the current and next fiscal year.Impacts Risks and Affected Value Chain

Topics Description Time Horizon

Opportunities Segments

Driven by technological R&D the Company leverages its leading R&D capabilities and technical expertise to create value for customers and provide the market with clean Operation

Positive actual impact Short-term

technology solutions supporting the clean energy transition across society. Downstream value chain Mid-term

Long-term

Failure to formulate an effective R&D strategy or maintain technological leadership may weaken the competitiveness of the Company' s products lead to a continuous loss

Risk Operation

R&D and of market share and reduce revenue.Mid-term

Long-term

Innovation

Leveraging its technological advantages the Company offers wind turbine products characterized by high reliability high power generation efficiency and low levelized cost Operation

Opportunity

of electricity thereby continuously enhancing competitiveness consolidating and expanding market share and driving revenue growth. Downstream value chain Mid-term

Long-term

Through technological innovation and product optimization the Company improves the efficiency and reliability of wind turbines increases the adoption of wind power Upstream value chain

Positive actual impact and supports the global clean energy transition. It also promotes intelligent operation and maintenance and green manufacturing to enhance energy efficiency and contrib- Operation Short-term

ute to global carbon neutrality goals. Downstream value chain Mid-term

Long-term

Although wind energy contributes to emission reduction the procurement manufacturing transportation and installation of wind turbines still consume energy and gener- Upstream value chain

Negative actual impact

ate a carbon footprint. Operation Short-term

Mid-term

Climate Change

Response Climate change is increasing the frequency of extreme weather events such as heavy rainfall hail strong winds and thunderstorms. Long-term shifts in climate patterns may

Risk raise the operation and maintenance costs of wind farms while short-term extreme weather may damage fixed assets disrupt operations increase operating costs and re- Operation Short-term

duce revenue. Mid-term

Long-term

The Company continues to invest in R&D and innovation in renewable energy aligning with the global green energy transition trend. By continuously providing customers Operation

Opportunity Short-term

with wind energy and other renewable energy products and services the Company enhances its revenue. Downstream value chain Mid-term

Long-term

The 28th United Nations Climate Change Conference calls on countries around the world to triple global renewable energy capacity by 2030 and to double the annual in-

crease in global energy efficiency. At the 30th United Nations Climate Change Conference the European Union committed to investing € 300 billion to support the global Upstream value chain

Positive actual impact energy transition. Meanwhile a series of policies introduced by national and local governments encourage and support the development of the wind power industry. If SANY Operation Short-term

Renewable Energy effectively seizes the opportunities in clean technology it can contribute greater energy and wisdom to China's goals of "Carbon Peak and Carbon Neu- Downstream value chain Mid-term

trality" and the global clean energy transition. Long-term

Opportunity

from Clean

Technologies Engaging in clean technology R&D and application helps reduce the Company's operating costs expand market opportunities and share build a strong brand image and Operation

Opportunity Short-term

increase revenue. Downstream value chain Mid-term

Long-term

Note: Short-term (0-3 years) Medium-term (3-10 years) Long-term (over 10 years).

17 18Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Impacts Risks and Affected Value Chain

Topics Description Time Horizon

Opportunities Segments

High-quality and safe wind turbine equipment directly impacts customers' operational efficiency and economic performance. Ensuring the safety and quality of wind turbine

Positive actual impact Downstream value chain Short-term

products and services is essential to promoting clean energy adoption and maintaining public trust. Mid-term

Long-term

Safety and Product quality and safety incidents may lead to regulatory penalties order reductions or cancellations customer complaints and compensation claims resulting in in- OperationRisk Short-term

Quality of creased operating costs damage to brand reputation shrinking market share and reduced revenue. Downstream value chain Mid-term

Products and Long-term

Services

Strong product quality management reduces failure rates lowers maintenance costs and improves operational efficiency thereby enhancing market competitiveness and

Opportunity Downstream value chain Short-term

customer trust and boosting the Company' s revenue. Mid-term

Long-term

The Company strengthens supply chain risk management assists suppliers in improving ESG performance avoids sourcing conflict minerals and promotes sustainable sup- Upstream value chain

Positive actual impact

ply chain development. It also actively enhances supplier diversity and ensures fair treatment of SMEs in the supply chain to amplify sustainable impact. Operation Mid-term

Long-term

Upstream value chain

Inadequate ESG risk management in the supply chain may lead to environmental or social incidents and supply disruptions which could damage the Company' s reputa-

Risk Operation Short-term

Sustainable tion affect business continuity and reduce revenue. Downstream value chain Mid-term

Supply Chain Long-term

Upstream value chain

Building a sustainable supply chain enhances supply stability and security mitigates ESG risks supports supply chain transformation and upgrading ensures business conti-

Opportunity Operation

nuity strengthens market position and increases the Company' s revenue. Mid-term

Downstream value chain Long-term

By practicing circular economy principles and actively managing environmental impacts across the product lifecycle the Company improves resource efficiency and reduces Operation

Positive actual impact Short-term

resource consumption and waste generation. Downstream value chain Mid-term

Long-term

Upstream value chain

During the lifecycle of its products the Company may face environmental challenges at the manufacturing and decommissioning stages of wind power equipment such as

Product Negative actual impact Operation

Short-term

the negative ecological impacts of raw material extraction and waste disposal.Life Cycle Downstream value chain

Mid-term

Long-term

Management

Upstream value chain

Through the use of low-carbon and green materials optimization of production processes and adoption of renewable energy the Company enhances its environmental

Opportunity Operation Short-term

performance meets customer demand for environmentally friendly and sustainable products and improves market competitiveness and brand image.Downstream value chain Mid-term

Long-term

Note: Short-term (0-3 years) Medium-term (3-10 years) Long-term (over 10 years).

19 20Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

02

Forging Ahead with

Innovation Succeeding

with Quality

Driven by our vision of "Promoting Efficient Utilization of Clean Energy" SANY

Renewable Energy ramped up efforts in the wind power sector. Regarding innovation as

the foundation of our development and quality as the cornerstone of our development

we courageously shoulder the responsibility as a trailblazer in the era of green and low

carbon development and exemplify the strength of "Intelligent Manufacturing in China"

through craftsmanship and perseverance.Sustainability Issues

R&D and Innovation Safety and Quality of Products and Services Product Lifecycle

Management

UN Sustainable Development Goals (SDGs)

21 22Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Sustainable Product Development

Environmental Management Throughout Product Lifecycle

Upholding the concept of "every bit of achievements originates from innovation" SANY Renewable Energy embeds sustainability We have integrated risk and environmental management into the entire product lifecycle—development production use O&M and

across the entire value chain of product R&D sticking to green design low-carbon innovation and leading technology. The Company recycling. We define the objectives and measures of environmental management for each stage to further enhance the environmental

focuses on forward-looking R&D layout and open innovation continuously iterating and upgrading our wind power equipment prod- friendliness and sustainability of our products and reduce their environmental impact. Moreover we conduct carbon footprint certifi-

uct portfolio so as to enhance energy efficiency and environmental friendliness across the product lifecycle. cation for our key products and entrust qualified third parties to issue Life Cycle Assessment (LCA) for them. During the Reporting Peri-

od our SI-172625 model wind turbine generator set obtained an Environmental Product Declaration (EPD) verification certificate.Governance

Product Design and Development Product Operations and Maintenance Product Recycling and Reuse

The Board of Directors as the core governance body for the Company's R&D and innovation is fully responsible for overseeing key

matters such as the Company's long-term R&D strategic planning and significant strategic R&D investments. At the governance level it

ensures the sustainability and foresight of R&D and innovation guaranteeing close alignment with the Company's sustainability strat- Factors such as environmental We provide our customers with During the Reporting Period

egy and global energy transition trends. The Company has established a global professional and multi-domain R&D management protection low energy the Wind Turbine Generator Set the Company conducted

structure which has formed a globally distributed R&D team with collaborative hubs in locations such as Beijing Changsha Shanghai consumption high reliability Maintenance Manual and the Wind research on decommissioned

and Europe serving as the executive level to drive the development of cross-regional collaborative platforms. Additionally by bringing and low carbon emissions Turbine Generator Set Specification blade disposal solutions and

together global technical talents and R&D resources we achieved cross-regional and cross-disciplinary collaboration on core technolo- are incorporated as core which have established continuously monitored the

gies of wind power and built comprehensive R&D capabilities covering the entire chain from wind turbine design and core component considerations. We design light standardized and regulated product development of recyclable

R&D to intelligent O&M and green manufacturing thereby providing organizational and systematic support for sustainable product and compact products to reduce O&M mechanisms of our products. resin technologies as part of

development. raw material consumption. We make all these efforts to guide our technical planning and

Concurrently we research and customers in scientific maintenance preparation for blade recycling

apply alternative materials to extending product service life and reuse. We also advocated

Strategy continuously reduce the weight and enhancing lifecycle power the practice of repairing and

of wind turbine components generation efficiency. reusing main components of

The Company regards "high reliability high power output and low cost per KWh" as its core product R&D goals and closely follows and minimize the environmental down-to-tower generators to

global wind turbine technology trends towards "higher larger longer lighter and smarter" designs. We integrate green low-carbon impact throughout product reduce resource waste and

and sustainable concepts throughout the entire R&D process to create products that combine trailblazing technologies with environ- lifecycle starting from design. foster the circular economy

mental friendliness. We have formulated innovation and R&D management policies such as the Product Development Management within the wind power industry.Measures Technical Development Management Measures and the R&D Patent Work and Management Regulations. With continuous

efforts to improve R&D efficiency and the capability to translate results into applications we have been consolidating and expanding

our industry-leading position in the core technology fields of large megawatt intelligent turbine transformer box in nacelle design Innovative Products

intelligent wind farm O&M independent pitch control system ultra-high tower barrel long blades etc. Furthermore we have strength- Focusing on the core market demand for intelligence and full-scenario adaptability in the wind power industry the Company proac-

ened our talent acquisition and development system and also established management policies like the Management Measures for tively capitalizes on industry opportunities brought by the global energy transition driving the continuous upgrade of our product

R&D Project Incentives and the Management Provisions for Title Appraisal with the R&D Division to stimulate the vitality of our R&D portfolio through technological innovation. By launching multiple industry-leading benchmark products we managed to cover all on-

team and drive technological breakthroughs and continuous innovation. shore and offshore wind power scenarios. Simultaneously we actively promote industry-university-research cooperation and exchang-

es. We carry out annual R&D cooperation with research institutions on key products and technologies to navigate the Company's R&D

Impact Risk and Opportunity Management innovation and patent portfolio planning. During the Reporting Period we collaborated with Central South University on rain erosion testing technology research. The project involved exploring the impact of raindrop diameter and rainfall intensity on test results and

The Company views technological innovation as a core driver for achieving sustainability and manages its impacts risks and opportu- conducting modelling and simulation studies of the rain erosion testing process.nities proactively. We have integrated risk management into product development and other stages throughout the product lifecycle.Relying on a sound intellectual property protection system and close cooperation with academia and industry partners we effectively Case SANY Renewable Energy's 15 MW Set Awarded "Onshore Turbines of the Year"

manage innovation risks. Concurrently we delve into customer needs and industry development trends. Leveraging our technological

expertise we continuously develop innovative products and solutions to seize market opportunities.In January 2025 SANY Renewable Energy's SI-270150 15 MW wind

turbine was awarded the gold medal (Top 1) in Windpower Monthly's

"Turbines of the Year 2024 (5.91 MW+)" selection recognized for its

outstanding innovation engineering quality and product perfor-

mance. The Company's large-megawatt onshore wind turbines have

won this international accolade for two consecutive years. This mod-

el is built upon the 12.X~ 16.X MW sea-land platform with a designed

lifespan extended to 25~30 years. It features a rotor diameter of 270

meters and a swept area of 57256 m2 (equivalent to 8 standard foot-

ball pitches) enabling efficient coverage of various medium-to-high

wind speed application scenarios.

23 24Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Case SANY Renewable Energy's First Batch of Commercial Offshore Wind Power Orders Intellectual Property Management

The Company has been optimizing its intellectual property (IP) management system. We have formulated related policies such as the

On November 4 2025 the first unit installation of the SANY Renewable Energy offshore wind power project at Xiangyun Administrative Measures for Patent Application and the R&D Patent Work and Management Regulations clarifying management re-

Island Tangshan Hebei was successfully completed. As SANY Renewable Energy's first batch of commercial offshore wind quirements for application protection and utilization of our intellectual property. We implement an intellectual property management

power orders this not only marks a milestone for a single project but also signifies SANY Renewable Energy's successful strategy of "Four Features" namely "standardized online automated and intelligent". We set IP management objectives and have

crossing of the land-sea boundary officially entering the global offshore wind power arena. The Hebei Tangshan Xiang- achieved standardized online management of intellectual property related business processes. Moreover we place high importance on

yun Island offshore project employs 20 units with a single capacity of 8.5 MW and 10 units of 8 MW offshore wind turbines fostering employees' awareness of intellectual property protection. During the Reporting Period we provided specialized patent train-

with a rotor diameter of 230 meters. This is a marine product tailored for the sea conditions of Xiangyun Island based on ing for fresh graduate employees and disseminated the latest patent management updates and industry patent information to R&D

the 8.X-10.X MW offshore and onshore platform. This project is a key offshore wind project in Hebei Province expected to personnel quarterly supporting patent portfolio planning and risk avoidance for R&D and innovation. Furthermore we were selected

generate 799105 MWh of electricity annually saving 268800 tonnes of standard coal per year and reducing carbon dioxide as a "Demonstration Entity" under the national initiative to strengthen intellectual property rights playing an exemplary and leading

emissions by approximately 675700 tonnes annually. role.Industry Collaboration

The Company takes an active part in top-tier global wind power and related industry exchange events. Through technological sharing

achievement showcases roundtable forums and other formats we combine forces with industry chain partners to push back the

technological frontiers and contribute to the high-quality development of the industry. During the Reporting Period we participated in

multiple global wind power industry events including the China Wind Power 2025 the Husum Wind energy trade fair in Germany the

World Artificial Intelligence Conference (WAIC) the Hangzhou Computing Conference the 5th Wind Power Artificial Intelligence and

Intelligent O&M Conference and R&D Quality Forums.In addition we engage in industry standard-setting work leveraging our technological expertise to promote the improvement of in-

dustry standards and lead the wind power industry onto a standardized high-quality development track. During the Reporting Period

we participated in the preparation and revision of 2 national standards including Twist-resistant Flexible Cables for Wind Power Gener-

ation with Rated Voltage 1.8/3 kV and Below and the Technical Specification for Statistical Calculation and Evaluation of Wind Turbine

Generator Set Reliability Indicators Based on Real-time Data as well as 4 group standards and 3 industry standards.Case SANY Renewable Energy at Husum Wind 2025

In September 2025 SANY Renewable Energy made an appearance at the Husum Wind energy trade fair in Germany under

Case SANY Renewable Energy's Industry-first SI-242 Series for Full-scenario Onshore Site Adaptability the theme "Empowering Future with Smart Wind Energy". We showcased the SI-17578 and SI-18580 models which are spe-

cially designed for the European market holistically meet EU market requirements in terms of materials noise and safety

On October 20 2025 the highly anticipated global wind energy event—the China Wind Power 2025 (CWP 2025)—grandly standards. During the fair the Company co-hosted a high-level dialogue on "ESG and Sustainability" with the Global Wind

commenced in Beijing. Under the theme of "Shared Value Reliable Partnership" SANY Renewable Energy showcased the Energy Council (GWEC) where in-

industry's first full-scenario onshore site adaptability model series—the SI-242 series—alongside our full lifecycle verifica- depth discussions on building a

tion system and self-developed core large components at the exhibition. The move ushers in a new era of "high value" of low-carbon supply chain for the

wind power. The SI-242 ultra-large rotor series wind turbine sets have a power range spanning 5.6 MW to 12.5 MW with a wind power industry took place.rotor diameter of 242 meters. They break the limitations of conventional models regarding wind resource conditions and We also displayed our lifecycle

can withstand extreme winds of up to 63 m/s. This truly achieves precise coverage across the entire site spectrum from wind power solutions offering

ultra-low to medium and high wind speeds. For the same capacity the SI-242 model can reduce the number of turbine customers end-to-end services

positions by approximately 6%-18% compared to traditional solutions. This effectively addresses challenges in wind pow- from turbine selection and site

er projects such as limited position resources and complex site selection lowering cost per KWh and reshaping the value assessment to intelligent O&M.boundaries of wind power development. This signified our shifting from a

wind turbine product supplier to

In December Guangping Wind Farm the first commercial batch op- a strategic partner demonstrating

eration project for the SI-242 series in the southern mountainous re- our strength and commitment to

gion was successfully connected to the grid and commenced power building up our presence in the

generation in Huaihua Hunan province. This project not only set European and global new energy

a new record for single-unit capacity and blade length in southern markets.mountainous wind farms but also signified the efficient transition of

the Company's innovative models from launch to implementation.

25 26Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Metrics and Targets Lean Quality Management

SANY Renewable Energy's Targets in Environmental Management Throughout Product Lifecycle Excellent quality is the unwavering pursuit and commitment of SANY Renewable Energy. Upholding the craftsmanship spirit of pur-

suing perfection we pursuit for continuous improvement in quality standards improve and reinforce our quality control system and

consistently enhance product reliability and stability. By doing so we aim to provide customers with high-quality high-performance

2035 2030 products.

By 2035 we will study the lifecycle of all our main- Taking 2020 as the base year we will increase our re- Governance

stream products. On the premise of ensuring product cycling rate of mainstream wind turbine materials to

SANY Renewable Energy views quality as the foundation of management. The Board of Directors serves as the ultimate governing body

quality we will progressively increase the proportion 95% by 2030.for quality matters. It regularly reviews and oversees the progress of quality management initiatives and significant quality-related is-

of green or low-carbon materials through product

sues ensuring that quality governance aligns itself with the Company's overall strategic development. At the senior management level

structure optimization material usage reduction

the Company designates a representative of the quality management system and quality head to oversee daily operations and estab-

and sustainable material substitution.lishes a quality assurance department as the executing body to coordinate various quality management tasks ensuring that quality

work is carried out in a standardized and orderly manner.SANY Renewable Energy's Targets in Intellectual Property Management

Strategy

SANY Renewable Energy adheres to the quality management policy of "first-class products first-class quality first-class service". Fo-

Short-term Medium-term Long-term cusing on domestic and foreign customers" demand for the continuous improvement of product quality we have been improving the

Company's quality management system. We have established policies such as the Quality Environmental Occupational Health and

Safety Management Manual Product Lifecycle Management and Quality Management Process defining the quality management re-

Enhance the management system Augment the benefits of intellectual Turn the operation of intellectual sponsibilities at different stages including design and development manufacturing sales and after-sale service. During the Reporting

improve the quality and quantity of property to business operation and property into a profit source for the Period we revised management policies such as the SANY Renewable Energy Record Control Management System and the Quality

intellectual property and make full product R&D enhance brand value Company. Award and Punishment Management System further optimizing quality control processes.use of patent information to avoid and guarantee the free operation of

risks and promote technological products.innovation. Impact Risk and Opportunity Management

The Company continually improves its quality management system and strengthens supply chain quality risk prevention and control.Metrics We actively capitalize on opportunities presented by industry trends towards intelligence and refinement empowering quality man-

agement with digital approach to comprehensively enhance product quality and reliability.Company R&D Investment R&D Personnel Percentage of R&D Personnel

RMB807million 835 11.19%

Percentage of R&D Personnel with Master's Percentage of Personnel with

Expenditure to Revenue degrees or above Master' s Degree or above

2.95%41549.70%

As of the end of the Reporting Period the of which

total number of valid patents held is 286 invention patents are applied to the main business

909

Annual invention patent applications Annual newly obtained utility Annual newly obtained

85 model patents invention patents

6146

Annual invention patents granted Annual newly obtained design Annual newly obtained

46 patents software copyrights

148

27 28Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Product Quality Management Intelligent Manufacturing

The Company has built a digitalized integrated online quality management platform and comprehensively improves the efficiency Coinciding with the strategic opportunity period marked by the holistic launch of the 15th Five-Year Plan and the accelerating advance-

and accuracy of quality management by utilizing digital tools to empower lifecycle quality management handling 85% of the quality ment of new-era industrialization intelligent manufacturing has become the core lever for cultivating new quality productive forces

management processes online. Additionally we continuously advance quality management system certification deeply promoting the and building a modern industrial system. Positioned at this defining moment SANY Renewable Energy adheres to the development

standardization normalization and systematization of quality management. By the end of 2025 13 companies have obtained ISO 9001 philosophy of "high quality high efficiency high flexibility and competitive cost" in wind turbine manufacturing. We continue to deep-

Quality Management System certifications including SANY Renewable Energy Sany Tongyu Sany Chenzhou Sany Zhangjiakou Sany en the R&D and application of intelligent manufacturing technologies actively seizing opportunities for product quality upgrades and

Shaoshan and Sany Bayannur. enhancements in production and operational quality and efficiency. Relying on digital and intelligent technologies to empower lean

To fortify quality risk defense the Company conducts regular internal and external quality audits precisely identifying management quality management we aim to become a benchmark enterprise for intelligent manufacturing in the wind power industry and take a

weaknesses and potential risk points. We entrust external third-party institutions to conduct compliance review of the quality man- leading role in the industry's intelligent transformation. The Company continuously optimizes the four major intelligent manufacturing

agement system issue review conclusions and propose improvement suggestions and enhancement plans. In addition we select and modules: the Manufacturing Operation Management (MOM) platform the Warehouse Management System (WMS) the Excellence Qual-

train internal quality reviewers. Through internal review we evaluate the effectiveness compliance and appropriateness of the quality ity Management System (EQS) and the Internet of Things Data Acquisition System (IoT). Through the digital integration of various sys-

management system applied at each production and operation site thereby identifying opportunities for improvement. During the tems and business modules we achieve data integration and process management on workshop production and operation. Focusing

Reporting Period the Company identified 24 non-compliance items through internal quality review which were all resolved with a rec- on key processes such as business operation warehousing scheduling equipment management manufacturing process and quality

tification rate of 100%. control we realize intelligent integration in marketing R&D manufacturing service and other fields to improve management efficiency

and production quality. During the Reporting Period through measures such as launching the "Eye of Sky" system deepening the dig-

Furthermore we regard quality culture cultivation as a vital support for lean quality management. We actively carry out employee italization of the Lighthouse Factory and implementing the AI blade defect repair solution we continuously improved quality control

quality training and cultural promotion establishing 10 quality culture standard initiatives. During the Reporting Period we conduct levels production efficiency and product reliability.quality training for employees such as quality capability enhancement training and IPD5.0 system training to strengthen their quality

awareness and expertise. We have also established quality award and punishment mechanisms to commend outstanding individuals

and teams in quality integrating quality requirements into daily work to improve quality management effectiveness and efficiency

through employee incentives and restraint mechanism. Manufacturing Operation Management (MOM) Warehouse Management System (WMS)

Additionally we have formulated the Emergency Management Policy for Major Wind Farm Operation Incidents clarifying specific pro-

cedures and responsibility divisions for both proactive and passive product recalls. Upon identification of any product safety hazard We have put it in full online application across 20 We have connected the Warehousing Management

or quality defect a recall procedure will be promptly activated followed by a thorough root-cause analysis and the implementation of factories including blade factories wind turbine System (WMS) of SANY Renewable Energy with

corrective measures to strictly prevent the recurrence of similar incidents. factories and generator factories. It realizes the the four high-bay warehouses of Sany Shaoshan

whole-process online management of the produc- Blade Factory Sany Chenzhou Factory Sany In-

tion quality and logistics modules enables the telligent Motor Factory and Wind Turbine Factory.Supply Chain Quality Management online control and tracing of process quality data It supports automatic loading and unloading and

and achieves 100% paperless forms and records of paperless sorting improving the factories' in-house

Supply chain is the foundation for ensuring product quality. Attaching high importance to supply chain quality control the Company on-site inspections. material outbound efficiency by 30%.has built a collaborative supply chain quality management system to effectively mitigate supply chain quality risks. We have formulat-

ed the Supplier Quality Management Manual clarifying lifecycle quality requirements for supplier admission assessment evaluation

and exit thereby regulating supplier quality behavior. During the Reporting Period we updated management policies such as the

Supplier Quality Management Policy and the Production Material Supplier Surveillance Management Policy to further detail supplier

quality control standards and strengthen supervision and management of supplier production processes and material quality there-

by ensuring controllability of supply chain material quality. Intelligent

Manufacturing

Systems

Process Traceability Performance Evaluation Empowerment Training

During the Reporting Period we com- We have fully incorporated quality We have established a Supplier Qual-

pleted the development of a supplier management requirements into ity College providing supplier quality Excellent Quality Management System (EQS) Internet of Things Data Acquisition System (IoT)

quality deviation management system. the Company's supplier admission empowerment training in the mode

This achieved lifecycle online imple- and evaluation system with clear of "training in practice" to communi- We invest a lot of resources to independently im- We achieve data integration of IoT and MOM. At

mentation for deviation application and supplier quality evaluation criteria cate the quality requirements of the plement lifecycle quality management realizing Sany Shaoshan and Sany Bayannur blade factories

approval improving deviation handling to ensure that product quality is Company in a timely and accurate online management of all key business areas in- the two systems facilitate data collection and statis-

efficiency and transparency. Concurrent- controlled from the source. manner. During the Reporting Period cluding R&D quality supplier quality manufactur- tics for fabric dipping machines and data collection

ly we completed system integration and we delivered specialized training ing quality after-sales quality quality system and and automatic identification for blade forming pro-

development to cover change requests for suppliers on lifecycle quality quality problem improvement. cesses. At wind turbine factories the two systems

and subsequent verification tracking collaborative control and efficiency support data collection for robots and wrenches

for suppliers' Man Machine Material enhancement. It improved suppliers' and online monitoring and tracing of general as-

Method and Environment (4M1E). This expertise and quality awareness fos-

enables lifecycle traceability and con- tering a win-win supply chain quality sembly torque.trollability of supplier changes. ecosystem.

29 30Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Intelligent Manufacturing of Wind Power Equipment Empowered by Digital Craftsmen and

Stringent Product Quality Control Case Redefined by Humanoid Robots

Empowered by the "Eye of Sky"

At its Wind Power 5G Fully-Connected Flexible Intelligent

We have launched the Blade Quality "Eye of Sky" system which is Manufacturing Factory in Changping Beijing SANY Renew-

applied across 7 blade factories. It enables end-to-end online in- able Energy completed the world's first deployment and

spection and panoramic traceability effectively addressing pain application of full-scale industrial humanoid robots in the

points like disconnection between quality inspection records and wind power equipment manufacturing. This was featured in

physical items and ensuring inspection authenticity. Therefore a special report by CCTV Finance in its 2025 China Economic

the abnormal flow of defective products is under strict control. Annual Report. Two 1.76-meter-tall humanoid robots with

52 degrees of freedom were deployed at an intelligent sort-

ing and greasing workstation. Utilizing AI visual recognition

and adaptive grasping coordination they autonomously

complete the processes of bolt sorting and handling with a

precision of 3 to 5 millimeters achieving a grasping success

AI-Assisted Precise and rate of over 95%.Efficient Repair

We implement a digital blade repair solution constructing a lay-

up data model to enable fully automated AI-generation of repair To accelerate the deep integration of AI technology with our operations and facilitate digital transformation during the Reporting Peri-

plans. Covering 7 blade bases we have completed modelling od we organized the "Creating the Future with Intelligence: AI-empowered Efficiency Revolution" innovation application competition.for the 970E blade type and conducted pilot tests. Response effi- It cumulatively received 136 project entries and incubated 17 outstanding entries thereby effectively identifying internal AI talent and

ciency has improved by over 90% and plan accuracy has risen to tangibly propelled the effective implementation of AI technology across various business scenarios. In addition we established a reg-

98% and above. ular AI training system that combines "self-learning at online academy + offline intensive face-to-face sessions". It covers three major

sections: general AI enlightenment for all employees practical application of AI agents and tools and sharing of cutting-edge technol-

ogies. This effectively fostered a positive atmosphere for proactive AI learning among the workforce thereby driving the transformation

of training outcomes into practical tools for business efficiency enhancement - efficient conversion of AI technology into productive

forces.Upgraded Lighthouse Factory with

Higher Production Efficiency

We have deepened the digitalization of Sany Shaoshan Light- Metrics and Targets

house Factory by implementing projects like quality digitaliza-

tion and online materials management. We have also introduced The Company releases the Quality Objectives Plan every year. In alignment with industry standards customer demands and the Compa-

core intelligent equipment such as centralized infusion and ny's development strategy it defines core annual quality control objectives to continuously drive improvement in quality management.robotic automated grinding equipment and overcome challeng-

es in manufacturing blades over 100 meters in length. Through

these initiatives the factory has achieved a leapfrog upgrade Metrics

from traditional to smart manufacturing.Number of product recall Number of major safety and quality liability Amount of damages for major safety and quality

incidents due to quality issues incidents related to products and services liability incidents related to products and services

0 0 RMB 0

31 32Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Smart Wind Farm Operations

SANY Renewable Energy actively integrates intelligent technology with clean energy relying on advanced technologies such as smart

wind farms and smart operations to enhance the stability and efficiency of grid operations effectively promoting the green transforma- Case Serbia Alibunar Wind Power Project Promoting Regional Energy Transition

tion of the energy structure and low-carbon development. At the same time the Company continuously optimizes its customer service

management system constantly improving service quality and customer satisfaction and is committed to creating long-term value for

customers. In June 2025 SANY Renewable Energy successfully signed a Power Purchase Agreement (PPA) and a Contract for Difference

(CfD) for the Alibunar project in Serbia. The total installed capacity of the Alibunar project reaches 168 megawatts with an

expected annual power generation of approximately 480 million kilowatt-hours and is planned to achieve commercial

Wind Farm O&M Management operation by 2028. The project will provide a large amount of clean energy to Serbia reducing dependence on traditional

fossil fuels and helping to optimize the local energy structure.The Company enhances the operation and maintenance capabilities of wind farms through advanced digital technology and intelli-

gent methods. By building an integrated operation system of "technology empowerment + service upgrade" it achieves efficient safe

and sustainable operation throughout the entire lifecycle of the wind farm.Customer Service

One-Stop Solution for the Entire Chain

We provide customers with a one-stop solution covering the entire lifecycle of wind farms from early The Company adheres to the business philosophy of "meeting customer needs and creating unique value for customers" dedicated

planning EPC construction to later operation and maintenance. Through lean digital technology we to providing high-quality products and services. We have established a service Company to manage customer service work and set up

deeply integrate intelligent wind farm systems with wind turbine product design to maximize product project service managers at wind farm level. The on-site project team strictly follows the Company's operational processes to handle

performance and improve operational efficiency and economic benefits of the wind farm. product faults conduct regular maintenance and implement technical improvements ensuring standardized after-sales service for

products.We highly value customer feedback and have established a smooth and efficient communication mechanism for customer complaints

All-Weather Intelligent Monitoring and feedback. We have formulated management systems such as the Customer Response and Complaint Handling Process and

the Customer Satisfaction Management Process to actively listen to and respond to customer needs in a timely manner. During the

Focusing on the stable operation of wind turbines we innovatively use the wind turbine health man- Reporting Period we introduced new management systems including the Customer Communication and Response Mechanism for

agement system and intelligent operation and maintenance platform to achieve 7×24 hours real-time Service Companies and "Pre-Complaint Management" to further enhance customer service levels and reduce the occurrence of cus-

monitoring and online management of the entire operation and maintenance process. tomer complaints. At the same time we collect in-depth suggestions from customers regarding product and accessory improvements

through regular inspections and wind farm questionnaire surveys and develop targeted technical improvement plans to effectively

address customer pain points continuously enhancing product performance and customer satisfaction. Additionally we conduct cus-

Predictive Closed-Loop Operation and Maintenance tomer follow-up surveys every two months to understand customer opinions on product quality cost-effectiveness after-sales service

Relying on the intelligent platform we automatically complete fault warning health diagnosis and equipment usage and brand perception collecting evaluations of quality and service. During the Reporting Period we received a total

unit status identification intelligently generate work orders and build a closed-loop system of "moni- of 491 pieces of customer feedback with a closed-loop handling rate of 93.27% and the customer satisfaction survey results scored

toring - analysis - prediction - improvement" to reduce the failure rate of wind turbines through proac- 93.8 points.tive and precise maintenance.Responsible Marketing

With the vision of "Promoting Efficient Utilization of Clean Energy" SANY Renewable Energy relies on its own wind farm resources to

continuously and stably supply clean green electricity to society contributing to the construction of a new power system dominated SANY Renewable Energy adheres to the principle of integrity in business operations strictly complying with the Advertising Law of

by clean energy. We continue to promote the development of China Certified Emission Reduction (CCER) and green power certificates the People's Republic of China the Consumer Rights Protection Law of the People's Republic of China and the EU Directive on Unfair

effectively assisting customers in achieving carbon reduction compliance and green electricity usage goals. By the end of the Report- Commercial Practices as well as relevant laws and regulations in the operating locations ensuring that marketing activities are com-

ing Period SANY Renewable Energy had developed a total of 267372 green power certificates. At the same time we actively promote pliant and legal. The Company resolutely eliminates false advertising and misleading information genuinely respects customers' right

signing Power Purchase Agreements (PPA) and Contracts for Difference (CfD) participating in the construction of clean energy in more to know and choose guarantees that promotional content is true accurate and transparent and maintains a fair and just market envi-

countries and regions. ronment. During the Reporting Period the Company did not experience any violations of marketing laws and regulations.

33 34Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

03

Green Low-Carbon

and Eco-Friendly

SANY Renewable Energy regards green development as the fundamental color and

pursuit of its operations. We understand that green is not only a way of development

but also a value belief and a sense of responsibility. The Company aims to become a

global leader in clean energy equipment and services practices the concept of green

development fulfills corporate environmental responsibilities promotes the efficient

use of clean energy by humanity and assists society in achieving a green energy

transition.Sustainability Issues

Response to Climate Change Clean Technology Opportunities Environmental

Compliance Management Energy Management Water Resource Management

Emission and Waste Management Biodiversity Protection

UN Sustainable Development Goals (SDGs)

35 36Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Climate Change Response

SANY Renewable Energy consistently incorporates climate change into the core agenda of the Company's sustainable development

continuously deepening climate governance improving climate risk management actively seizing climate opportunities and accel- Risk type Description Financial impact Time horizon Value chain affected

erating the decarbonization process taking practical actions to help achieve the long-term goal of the Paris Agreement to "limit the

increase in the global average temperature to within 1.5° C above pre-industrial levels".Increased pricing of GHG emissions: Driven by regula-

Governance tions such as the EU Carbon Border Adjustment Mech-anism (CBAM) and the ongoing development of China's Increased

carbon emissions trading system the Company faces procurement Upstream activities

Relying on a comprehensive sustainable development governance system SANY Renewable Energy has established a three-tier R4 higher compliance costs for emissions from production expenses Short Business operations

climate governance structure led by the Board of Directors executed by the management and implemented by various functional operations and export activities. In addition carbon Increased medium and Downstream activities

departments. The Board of Directors is the highest responsible body for climate-related matters responsible for reviewing and su- taxes may raise the prices of raw materials such as steel operating costs long term

pervising the formulation and implementation of the Company's climate action strategy assessing and managing climate risks and thereby increasing wind turbine production costs and

opportunities setting and achieving decarbonization targets. The Strategy and Sustainability Committee assists the Board in planning affecting profitability.and supervising the response to climate change and related green low-carbon transition work. At the management level the Company

has established an ESG Steering Group and an ESG Working Group as the core management bodies for climate-related affairs regularly

reporting on climate action progress and major decision-making matters to the Strategy and Sustainability Committee. Each business Policy

and functional department acts as the executing body responsible for the specific implementation of climate actions and regularly and legal

providing feedback on implementation progress. Climate-related mandatory regulations and over-risks sight: Global climate compliance requirements contin-

ue to tighten. For information disclosure companies

Strategy are expected to align with standards such as the IFRS S2 Climate-related Disclosures issued by the ISSB the

EU Corporate Sustainability Reporting Directive (CSRD)

SANY Renewable Energy deeply recognizes the systemic interwoven and complex nature of climate change as well as the uncertainty Upstream activitiesthe Guidelines No. 14 of Shanghai Stock Exchange for Increased Short

of climate-related opportunities and risks affecting the Company's operations and value chain. During the Reporting Period based R5 Self-Regulation of Listed Companies—Sustainability operating costs Business operationsmedium and

on the TCFD framework recommendations the Company conducted extensive industry research and in conjunction with its business Report (Trial) and the Guide No.13 for Self-Regulatory long term Downstream activities

characteristics ultimately identified and confirmed 9 significant climate risks and opportunities. At the same time we introduced Supervision on Listed Companies of the SSE STAR Mar-

climate scenario analysis methods based on different global greenhouse gas emission control scenarios and comprehensively con- ket—Compilation of Sustainable Development Reports. These raise compliance management costs. During

sidered the uncertainties involved in the climate adaptation process (such as the frequency and intensity of extreme weather events operations the Company also faces cost pressures from

regional climate differences and changes in policy and regulatory environments) to conduct forward-looking analyses of the identified regulatory schemes such as the CBAM.climate-related risks and opportunities. For detailed results of the climate scenario analysis please refer to the Company's published

"SANY Renewable Energy 2025 Climate Action White Paper".Risk type Description Financial impact Time horizon Value chain affected

Shifts in customer demand: Amid the global transition

Floods: Increasingly frequent and severe floods may Increased Upstream activities to a low-carbon economy demand for low-carbon Increased R&D

R1 damage production and operational facilities disrupt

operating costs products is rising sharply. Customers increasingly prefer

Business operations expensesproduction and cause wind power equipment failures Medium to wind turbines with low-carbon materials green design Upstream activitiesImpairment of Market

resulting in asset losses and increased operating costs. fixed assets long term Downstream activities risks R6 and superior carbon footprint performance prompting

Increased capital

expenditure Business operationsthe Company to devote more resources to design opti- Medium term

mization and green operations. Failure to meet evolving Decreased

Downstream activities

Typhoons: Rising typhoon intensity and frequency may customer demands and expectations may result in the revenue

damage wind power equipment increase operation Increased loss of orders for products and services.and maintenance (O&M) costs and cause delivery operating costs Business operationsR2 delays. This risk is particularly acute as we expand off- Impairment of Short to Downstream activities

Acute shore wind power operations with potential impacts fixed assets medium term

physical on customer confidence and brand reputation.risks

Extreme temperatures: A rise in the frequency and in- Rising costs of low-carbon technology transition: With

tensity of extreme heat may trigger power outages and the accelerating global energy transition and ever tight- Increased R&D

equipment malfunctions driving up production and expensesIncreased ening carbon regulations low-carbon development Upstream activities

operating costs increasing energy consumption and operating costs Business operations Technol- R7 has become a critical direction for the Company's wind Increased capital

R3 posing risks to personnel safety. Besides extreme cold ogy risks turbine products. Sustained investment in R&D is re- expenditure Medium to

Business operations

Medium to

can cause icing on wind turbine blades reducing op- Impairment of Downstream activitieslong term quired for low-carbon and recyclable materials as well

long term

Increased Downstream activities

erational efficiency and potentially damaging blades. fixed assets as energy efficiency improvements to maintain market operating costs

Falling ice also presents a safety hazard for onsite per- competitiveness.sonnel.

3738

Transition risk

Physical risksOverview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Opportunity type Description Financial impact Time horizon Value chain affected

Climate Change Response

Innovation and expansion of low-carbon products

and services: Governments worldwide are gradually

increasing the share of green energy to optimize the

energy mix and achieve the temperature control Strengthening Climate Resilience Management—Integrating climate risk management into key processes

targets of the Paris Agreement driving growing de- such as product R&D supply chain management production operations and wind farm maintenance. By

Products and mand for low-carbon products. As a top 500 global

Short Upstream activities

Increased medium enhancing the adaptability of wind turbines under extreme weather conditions such as typhoons icing and O1 renewable energy Company SANY Renewable Ener- Business operations

services sandstorms and relying on smart operation and maintenance platforms and all-weather monitoring systems gy continues to innovate in low-carbon technologies revenue and long Downstream activities

and develop competitively advantaged wind turbines term we strengthen meteorological warnings and operational management continuously improving the safety and

powered by low-carbon technologies. Besides we stability of wind farms and enhancing the resilience of the entire value chain in responding to climate change.provide customers with one-stop wind farm solu-

tions including design construction and operation Promoting Low-Carbon Transformation in Operations—Focusing on improving energy efficiency and optimiz-

services. ing energy structure the Company continuously advances decarbonization actions in operations. Through dig-

ital technology we promote energy-saving and efficiency-enhancing measures replace fossil energy use with

electrification and implement a renewable energy utilization strategy of "self-generated green electricity +

Exploration of new sustainable businesses: With purchased green electricity" gradually increasing the proportion of renewable energy use and reducing green-

sustained global growth in low-carbon energy house gas emissions during operations.demand the capacity and diversity of new ener-

gy markets continue to expand. While expanding Short Upstream activities Promoting Collaborative Emission Reduction Across the Value Chain—Continuously deepening green supply

Market

O2 market share in emerging markets the Company is Increased medium Business operations chain management guiding suppliers to implement carbon reduction measures in raw material procurement

opportunities actively exploring circular utilization technologies revenue and long production and transportation. We enhance carbon reduction awareness in the industry chain through sup-

and models for end-of-life wind power equipment term Downstream activities plier training cooperation mechanisms and incentive policies. At the same time the Company strengthens

(such as blades and turbines) opening new business

opportunities in product recycling and strengthening product life cycle management explores recycling and resource utilization paths for key components and pro-

market competitiveness. motes upstream and downstream collaboration to achieve low-carbon transformation.Note: Short-term (0-3 years); Mid-term (3-10 years); Long-term (over 10 years)

Clean Technology Opportunities

The Company fully considers the impact of climate factors in business layout technology research and development supply chain

management and investment decisions continuously optimizing resource allocation. It incorporates the results of climate scenario With technological advancements and cost reductions wind power is becoming a key force in the transfor-

analysis into the formulation of climate strategies and response measures continuously enhancing its core capabilities to adapt to mation of global energy structure. SANY Renewable Energy seizes this development opportunity focusing on

climate change and dynamically adjust strategies and business models across different time dimensions. During the Reporting Peri- promoting wind power technology innovation and industrial upgrading. Through the research and application

od we further strengthened our climate resilience promoted collaborative carbon reduction across the value chain and accelerated of high-efficiency high-reliability wind turbines we enhance the efficiency of clean energy utilization assisting

sustainable product innovation effectively addressing climate physical and transition risks while actively seizing climate opportunities the global energy system in accelerating its transition towards a green and low-carbon direction. For more in-

and steadily advancing climate transformation. formation on wind turbine product R&D progress and order status please refer to the Company's "2025 Annual

Report".The Company continuously enhances the large capacity and intelligence of wind turbines. By optimizing blade

Climate Strategy design applying lightweight materials and utilizing intelligent control systems we improve the power genera-

tion efficiency and operational stability of the units driving continuous progress in wind power technology and

leading the industry towards high-quality development. By the end of 2025 the cumulative power generation

of the wind turbines provided by the Company is expected to reach 189.6 billion kilowatt-hours equivalent to

reducing carbon dioxide emissions by 100.6 million tonnes for society.Response to Climate Change Clean Technology Opportunities

Adaptation to Mitigation of Climate

Climate Change Change

Impact Risk and Opportunity Management

Strengthen Climate Low-carbon Transition Emission Reduction The Company incorporates climate-related risks into its comprehensive risk management process and clarifies responsibilities at all

Resilience Management in Operations Across Value Chain levels through the Risk Management System. Each year the CEO's office coordinates the assessment and management of climate risks

and opportunities with the Audit and Supervision Department and other internal control personnel executing specific supervisory

responsibilities establishing a three-line defense for climate risk management across departments. The Board of Directors regularly re-

views climate risk and opportunity reports supervising management's design implementation and monitoring of the internal control

system to ensure the effectiveness of climate risk and opportunity management.

39 40Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Environmental Compliance Management

SANY Renewable Energy has always placed a high priority on environmental compliance and ecological protection adhering to green

and low-carbon production and operational methods. The Company actively manages the potential environmental impacts during its

production and operations striving to protect natural resources and achieve harmonious coexistence and sustainable development

between humans and the environment.Indicators and Targets

The Company has conducted a full value chain greenhouse gas inventory for the fifth consecutive year accurately identi-

fying sources of greenhouse gas emissions in operations and the upstream and downstream value chain and deeply ana- Environmental Management

lyzing major emission sources. Based on the inventory results the Company has established scientific emission reduction

targets and clear decarbonization pathways promoting low-carbon transformation across the entire chain and contributing Environmental Management System

to the achievement of sustainable development goals.SANY Renewable Energy strictly complies with the Environmental Protection Law of the People's Republic of China the Environmental

Impact Assessment Law of the People's Republic of China the Cleaner Production Promotion Law of the People's Republic of China

and other national laws and regulations as well as local environmental protection regulations and standards in other operational loca-

tions worldwide continuously promoting environmental compliance and refined management.Climate Action Goals

The Board of Directors is the highest responsible body for the Company's environmental management. A Safety Production Occupa-

tional Health Fire Safety and Environmental Protection Committee (hereinafter referred to as the Safety Committee) is established at

the executive level chaired by the Company's general manager responsible for strategic decision-making and supervision of environ-

In July 2024 the Company officially submitted the "Commitment Letter for Corpo- mental management. The HSE Management Department as the executing department coordinates the construction of the environ-

rate Ambition to Support the 1.5°C Temperature Goal" to the Science Based Targets mental management system environmental performance improvement and daily monitoring management ensuring that all environ-

mental protection work operates efficiently and stably. During the Reporting Period the Company further improved the environmental

initiative (SBTi) committing to advance climate action in an open and transparent management system and updated several institutional documents. By revising the Environmental Policy new control targets for waste-

manner aiming to achieve net-zero emissions across its value chain by 2050. The water waste gas solid waste and carbon dioxide emissions were added and the responsibilities of various functional departments

Company will set near-term long-term and net-zero emissions targets based on in environmental management were clarified; simultaneously the organizational structure and corresponding emergency processes

SBTi standards and plans to complete the target setting and submit it for SBTi veri- in the Emergency Plan for Environmental Incidents were improved detailing chemical storage information and wastewater treatment

fication within 24 months. plant conditions enhancing the systematic and operational aspects of emergency management. Meanwhile the HSE Management De-

partment optimized the personnel performance management mechanism with the SANY Renewable Energy HSE team independently

conducting assessments to ensure the independence and objectivity of environmental supervision.The Company regularly organizes internal environmental audits covering core departments such as the manufacturing headquarters

and the HSE Management Department and commissions third-party independent organizations for annual external audits to ensure

In 2025 the Company will conduct research on the baseline year for emission re- that the system operates continuously in compliance with standards and effectively achieves relevant environmental goals. By the end

duction targets based on the results of the value chain greenhouse gas inventory of 2025 SANY Renewable Energy Sany Tongyu Sany Chenzhou Sany Zhangjiakou Sany Shaoshan Sany Bayannur and other major

from the past two fiscal years combined with business development plans. It will production and operation sites have achieved 100% ISO 14001 Environmental Management System certification.strictly align with the SBTi 1.5°C emission reduction pathway requirements and sys-

tematically advance the formulation of emission reduction targets. Focusing on key

emission segments the Company will gradually clarify critical reduction areas and Environmental Emergency Drills

implementation pathways laying the foundation for subsequent systematic emis-

sion reduction actions and achieving net-zero emissions in the value chain. SANY Renewable Energy strictly adheres to national laws and regulations such as the Environmental Protection Law and the Solid

Waste Pollution Prevention and Control Law strengthening a systematic pollutant emission monitoring system to achieve digital mon-

itoring and data archiving of the entire process of waste gas wastewater and solid waste emissions. During the Reporting Period the

Company continuously improved internal audit and external evaluation mechanisms regularly conducting environmental compliance

inspections and third-party supervision assessments establishing correction and improvement processes for potential violations to

ensure that pollutant emissions continuously comply with discharge permits and regulatory requirements. During the Reporting Peri-

od the Company did not experience any major environmental emergencies.GHG Emission Performance

Scope 1 Emissions (Tonnes of CO2 equivalent) 17574

Environmental Emergency Drills

To strengthen environmental risk prevention and control the Company has established a rapid response process for sudden environ-

Scope 2 Emissions - Market-based (Tonnes of CO2 equivalent) 175515 mental incidents and improved the cross-departmental coordination mechanism. Based on actual production scenarios we organized

a "Hazardous Waste Leakage Emergency Drill" during the Reporting Period involving departments such as manufacturing and ware-

Scope 2 Emissions - Location-based (Tonnes of CO equivalent) 158093 housing to simulate emergency situations of hazardous waste leakage during storage and transportation comprehensively testing the 2 scientific nature of the emergency plan and the efficiency of the execution system's coordination. This drill was not only a practical test

of emergency response capabilities but also a deep education on risk awareness for all employees. Through the simulation drill em-

ployees gained a clearer understanding of the identification reporting and handling processes for sudden environmental incidents

significantly enhancing their collaborative capabilities. After the drill the Company conducted a review of the entire process further

optimizing the early warning mechanism and emergency processes making the emergency management system more scientific sys-

tematic and operational thereby building a stronger barrier for the Company's environmental safety.

41 42Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Green Factory and Low-Carbon Park Development Waste Management

SANY Renewable Energy regards green manufacturing as an important di- We strictly adhere to relevant laws and regulations in operational areas for waste man-

rection for the sustainable development of the enterprise fully promoting agement formulating regulations such as Management Regulations for Waste Rubber/

the steady construction of green factories and low-carbon parks. During the Waste Resin Disposal and HSE Standard Atlas for Hazardous Chemicals & Hazardous

Reporting Period the Sany Shaoshan Blade Factory successfully received Waste. We take targeted preventive and control measures for different types of sol-

the title of "National Green Factory" marking a new phase of systematic id waste that may be generated during production operations including household

and standardized development in the Company's green manufacturing waste industrial solid waste hazardous waste and construction waste and establish

system; the Sany Shaoshan Blade Factory simultaneously formulated and a five-level control mechanism of "source reduction—substitution—recovery—reuse—

implemented the Medium and Long-Term Plan for Green and Low-Carbon regeneration" to achieve full-process traceability of waste from generation to disposal.Development covering five major areas: energy decarbonization resource By 2025 the Company has successfully controlled the total amount of waste to within

efficiency clean production green products and land intensification 35000 tonnes with a recycling and reuse ratio of no less than 50%. We implement clas-

forming a comprehensive management system from planning execution to Sany Shaoshan "National Green Factory" sified collection for non-hazardous waste prioritizing the recovery or resource utilization

evaluation and optimization. Evaluation Certificate of recyclable portions while the remaining non-hazardous waste is regularly disposed

of by third-party agencies. For hazardous waste we set up dedicated temporary storage

points and implement standardized management throughout the collection storage

transportation and disposal processes regularly entrusting qualified third-party agen-

Pollutant and Waste Management cies for professional treatment.At the same time we continue to promote the application of comprehensive utilization

SANY Renewable Energy complies with national laws and regulations as well as those of all places where it operates regarding pollut- technologies for industrial solid waste strengthening cooperation with relevant enter-

ant emissions and solid waste disposal. We adhere to the environmental management principles of "source reduction process control prises to enhance the level of waste resource utilization. During the Reporting Period

and recycling" strictly implement a pollutant emission monitoring system and adopt advanced pollution control technologies and Sany Shaoshan Blade Factory carried out a special project to enhance the resource utili-

equipment to reduce pollutant generation and emissions. Through an institutionalized and refined management system we promote zation of hazardous waste entrusting qualified third-party agencies to clean and recycle

end-to-end governance and resource utilization of wastewater waste gas and waste. The Company continuously identifies the poten- waste resin barrels ensuring 100% compliant management of hazardous waste.tial impacts of emissions of pollutants such as waste gas wastewater and waste on employee occupational health the working envi-

ronment and the living environment of surrounding communities and effectively reduces the potential adverse effects of abnormal To strengthen employees' ability to manage hazardous waste and harmful substances

emissions on employees and community residents through measures such as the efficient operation of pollution control facilities and the Company promoted an environmental protection special enhancement action dur-

regular environmental risk inspections. ing the Reporting Period conducting training and examinations on hazardous waste

knowledge covering compliance management throughout the entire process of hazard-

ous waste generation storage transfer and disposal involving 7382 employees across

Wastewater Management 11 production bases.The Company incorporates water resource protection and pollution prevention into its key environmental management work setting

annual wastewater discharge targets based on the Environmental Policy. For the year 2025 the target for wastewater discharge is set at

400000 tonnes and we have successfully met the annual control requirements. The Company has established wastewater treatment

plants and a circulating water system implementing a closed-loop management model of "source reduction classified collection

compliant discharge" and regularly tests core indicators such as COD and ammonia nitrogen to ensure that wastewater discharge

meets relevant standards. At the same time we continue to promote rainwater harvesting and water-saving irrigation projects by con-

structing rainwater collection pools and implementing water-saving facility upgrades to improve the efficiency of water resource recy-

cling.Waste Gas Management

To effectively reduce atmospheric pollutant emissions we continuously optimize the waste gas treatment system strengthening me-

ticulous control throughout the entire process from production process optimization to end treatment. During the Reporting Period

the Company replaced oil-based paints with water-based paints through source reduction measures stabilizing the concentration of

volatile organic compounds (VOCs) emissions below 50 grams per liter and controlling the total annual waste gas emissions within

20000 tonnes significantly reducing VOC emission levels. Additionally the promotion and application of water-based coatings have

effectively extended the service life of waste gas treatment materials such as activated carbon further lowering treatment costs. In

terms of end treatment all production bases are equipped with waste gas collection and purification systems to centrally treat waste

gas generated during production ensuring that emissions continuously comply with relevant environmental protection requirements.Furthermore we promote powder recovery devices in the powder coating process to achieve the recycling of powder materials. During

the Reporting Period the powder recovery rate reached 82% and the amount of powder purchased decreased by 47% year-on-year

reducing waste gas pollutant emissions while enhancing resource utilization efficiency.

43 44Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Efficient Resource Utilization Based on systematic energy diagno- Energy-saving Initiatives Enhance Energy Efficiencysis and focusing on energy storage

optimization the Company continues

Non-woven Tape By optimizing the process the curing duration has been shortened from

SANY Renewable Energy adheres to the resource management policy of "prioritizing conservation driving efficiency and clean sub- to deepen energy structure manage- Curing Time 9 hours to 5 hours. This saves 50.78 m3 of gas per cycle achieving annual

stitution" viewing the efficient use of energy and resources as a key support for the high-quality operation of the green manufacturing ment. During the Reporting Period Reduction Project energy savings and cost reductions of approximately RMB 115000 and re-ducing CO emissions by 38 tonnes per year on average.system. The Company continuously enhances energy efficiency and resource recycling levels through a three-pronged mechanism of Sany Shaoshan actively promoted the 2

system improvement technological innovation and project management injecting sustained momentum for achieving low-carbon application of energy storage systems Rotor Impregnation Through fixture improvements the single-batch processing capacity has in-

operations. continuously improving the self-con- Efficiency Improvement creased from 3 units to 4 units improving oven loading rates. This reduces

sumption rate of photovoltaic power and Cost Reduction CO2 emissions by 141 tonnes and saves energy costs of approximately RMB

Energy Management generation significantly enhancing Project 220000 per year on average.energy utilization efficiency.The Company relies on the Energy Management Plan to build a systematic energy management system continuously promoting three Lean Energy Lighting zoning and scheduled control for equipment operation have been

major special projects: "energy-saving appliances green energy and clean energy". Through the "Four Meter" monitoring system re- At the same time we further released Consumption introduced and compressed air system leak detection and maintenance have been enhanced. This cumulatively leads to energy savings and cost

al-time monitoring and data management of water electricity oil and gas allowing for timely identification and reduction of energy energy efficiency potential through Management Project reductions of approximately RMB 1.15 million for the year.waste and improving the precision of energy use. At the same time to strengthen energy management and improve energy utilization a series of energy-saving renovation

efficiency we have formulated the Energy Management Work System based on national energy work policies and energy management projects.standards combined with the actual production and operation of the Company. An energy management leadership group has been

established to coordinate energy management decisions and a responsibility mechanism has been set up to be implemented step

by step by various departments workshops and teams forming an energy management network covering the entire Company to Water Resource Management

effectively promote energy-saving measures. By the end of 2025 SANY Renewable Energy Sany Intelligent Motor Sany Tongyu Sany Although SANY Renewable Energy's production and operations have a relatively low dependence on water resources we still place a

Zhangjiakou Sany Shaoshan Sany Chenzhou Sany Tacheng and Sany Bayannur have obtained ISO 50001 Energy Management Sys- high priority on the regulated use and conservation management of water resources. According to our Environmental Policy we have

tem certification. incorporated water-saving targets and related indicators into our annual environmental management system. We continuously opti-

mize the water resource recycling system and take various measures to strengthen water resource management including establishing

Energy Consumption Performance a reclaimed water reuse and rainwater collection system promoting water-saving irrigation and tiered water management systems

Comprehensive Energy Consumption (MWh) 355590.00 achieving tiered utilization and recycling of water resources. We also conduct water-saving awareness campaigns covering all employ-

ees and guide them to enhance water-saving awareness through water usage quotas and monthly assessment mechanisms continu-

Total Direct Energy Consumption (MWh) 46212.53 ously improving water management levels.Total Indirect Energy Consumption (MWh) 309377.47

Water Resource Consumption and Wastewater Discharge Performance

In 2025 the Company focused on building an integrated pathway combining photovoltaic power generation energy storage systems Total Water Intake (Tonnes) 878597.73

and green electricity trading to optimize its energy mix and improve energy efficiency. During the Reporting Period renewable energy

accounted for 13.17% of the energy used by SANY Renewable Energy and purchased green electricity across the Company's sites to- Total Discharge (Tonnes) 474748.92

taled 33575.94 MWh.Packaging Materials Management

Sany Shaoshan Blade Factory

SANY Renewable Energy actively practices the principles of green packaging and recycling optimizing packaging material manage-

The microgrid photovoltaic system operates efficiently in a "self-consumption and ment systematically based on the concepts of reduction reuse recycling and redesign. The Company continuously seeks more en-

surplus electricity grid connection" mode with an annual self-consumed photovoltaic vironmentally friendly and low-carbon packaging solutions aiming to reduce the environmental impact of products at all stages. By

power generation of 5626.48 MWh. 2025 the Company plans to achieve low-carbon resource-efficient and circular packaging materials through initiatives such as pro-

moting wooden pallets to replace plastic ones and using biodegradable packaging films. By continuously improving packaging design

and recycling processes the Company effectively reduces material consumption and environmental burden in the production phase

SANY Renewable Energy Nankou Industrial Park further consolidating the sustainable foundation of its green manufacturing system.The annual rooftop photovoltaic power generation reaches 5696.88 MWh; purchased

green electricity amounts to 29503.46 MWh. Green Power Certificate Trading Packaging Material Management Measures

Voucher (Partial)

Sany Chenzhou Industrial Park Wooden Boxes Pallets Packaging Films

Achieved 100% photovoltaic self-generation with an annual power generation of SANY Renewable Energy has estab- The Company promotes the use of wooden pallets While reducing the use of plas-

1916.11 MWh fully meeting production energy needs. lished a wooden box recycling mecha- to replace plastic ones and has implemented a tic packaging films the Compa-

nism in collaboration with third-party small-scale initiative to use metal pallets instead ny opts for biodegradable and

organizations recycling and reusing of wooden ones which can reduce the waste of recyclable plastic packaging

Sany Bayannur Industrial Park approximately 30000 wooden boxes 150 wooden pallets each month. At the same time films for product packaging.annually for shipping its self-manufac- it assists suppliers in recycling and reusing signif-

Annual purchased green electricity is 2108.48 MWh. Green Power Consumption tured products which equates to saving icantly enhancing the usage cycle of pallets and

Voucher (Partial) 1537.84 tonnes of wood. the reuse rate of their raw materials.

45 46Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Biodiversity Protection Ecological Restoration and Vegetation Optimization

The Company continuously advances ecological restoration at wind farms treating it as a key link in practicing green development and

maintaining regional ecological balance. To this end we continuously proceed with vegetation management and conservation systemati-

SANY Renewable Energy fully recognizes that in the process of promoting renewable energy development ecological protection and biodiver- cally enhancing site ecological functions and sustainable operation levels. Based on 3D modelling and multi-party assessments we adopt

sity conservation are responsibilities that enterprises must undertake. In 2025 the Company continued to improve its ecological management a "vegetation measures + engineering protection" model. We adopt specialized greening designs for high slopes ensuring slope stability

system responded to the United Nations Convention on Biological Diversity fully implemented the Biodiversity Protection Policy and the Bio- while maintaining the sustainable development of the ecological landscape community.diversity Protection Management Measures integrated ecological protection requirements throughout the entire project life cycle incorporated

biodiversity protection into the corporate management system and committed to making every effort to minimize its impact on the ecological During the Reporting Period we compiled the Summary Report on Wind Farm Soil and Water Conservation Vegetation Measures propos-

environment. ing differentiated plant configuration strategies for various climates terrains and soil conditions and applying them in multiple projects.The optimized greening measures increased the survival rate and coverage of vegetation at wind farms improving their ecological and en-

Ecological Conservation Mechanism vironmental quality.The Company has established special management systems and emergency plans for ecological and environmental protection. Ecological

protection responsibilities are integrated into the hierarchical management systems across the Safety Quality & Environment Department En-

gineering Construction Department Production & Operations Department Design & Research Institute and Project Department. This creates

a full-chain mechanism of "system perfection — process implementation — supervision & evaluation — emergency response". Furthermore

to address potential ecological risks at various stages the Company has established biodiversity risk identification emergency response and

monitoring mechanisms to ensure continuous compliant project operation and effectively prevent ecological damage incidents.During the construction of wind farms spatial planning is the key link that is most likely to impact biodiversity. The Company strictly imple-

ments ecological and environmental impact assessments and biodiversity risk analyses to ensure that wind farm construction does not destroy

habitats or threaten endangered species thereby minimizing the impact on birds and other organisms during operation. During the Reporting

Period we conducted ecological and environmental impact analyses and control studies for the site selection and construction phases of new

plants identifying potential risks such as ecosystem disturbance loss of biological habitats and environmental carrying pressure and propos-

ing differentiated response measures.Case Qifeng Mountain Landscape Platform Construction

Ecological Conservation Initiatives

In 2025 SANY Renewable Energy imple-

Site Selection Construction mented an ecological landscape upgrade

project in the second phase of the Qifeng

Adhering to the principle of "ecology first reasonable layout" we Implement ecological protection-oriented construction planning Mountain project in Anren creating a

strictly avoid sensitive areas such as ecological protection zones delineate construction boundaries prohibit encroachment and demonstration model that integrates ecol-

drinking water sources and habitats of rare species prioritizing adopt on-site protection or transplantation measures for native ogy and culture in the wind farm. The pro-

construction in already developed areas to minimize occupation of vegetation while constructing temporary ecological corridors to ject construction includes ecological facil-

native ecosystems. maintain ecological connectivity. ities such as landscape pavilions viewing

Before project construction the Company prepares management To address pollutant emissions establish a source control sys- corridors imitation wooden railings and

requirements and methods for biodiversity survey reports and or- tem by hardening roads and using water spraying to reduce dust walkways and camping platforms with

ganizes on-site ecological status investigations to identify dominant setting up sedimentation tanks and oil separation tanks to treat a total investment of RMB 1.6937 million.species and ecological nodes in the area providing scientific basis construction wastewater selecting low-noise equipment and The project simultaneously implements

2

for decision-making. reasonably scheduling construction periods to minimize the dis- lawn greening of 3800 m and the planting

All projects must pass environmental impact assessments and soil turbance of dust noise and wastewater to surrounding biological

of 400 shrubs optimizing soil and water

communities. conservation and landscape coordination and water conservation plan approvals before implementation and based on terrain features.specialized demonstration reports on birds forests and other nec- For soil slopes carry out grass planting restoration.essary aspects are conducted for certain projects. This project centered on "ecological resto-For steep rock slopes use net hanging spraying technology to im- ration + cultural co-construction" success-

prove surface adhesion and soil conditions increasing vegetation fully combines wind power facilities with

survival rates and coverage. natural landscapes and local culture be-

Completion Operation coming an ecological demonstration area

that integrates leisure experience popular

Timely implement ecological restoration and compensation meas- Reduce unit noise through product optimization minimizing the science education and cultural tourism

ures improve soil and restore vegetation on exposed surfaces and potential impact of noise on local wildlife. display. After the project was completed it

optimize design with ecological slope protection and concrete re- Develop intelligent bird deterrents for wind farms that do not harm not only enriched the cultural life of local

taining walls to prevent soil erosion. birds ensuring the normal operation of wind turbines while effec- residents and supported the local govern-

In response to the terrain characteristics of mountain wind farms tively protecting bird populations. ment's implementation of ecological tour-

abandon the "universal and standardized" retaining wall scheme ism and rural revitalization strategies but

and conduct special analyses based on micro-topography rainfall also demonstrated SANY Renewable Ener-

characteristics and fill requirements to achieve resource utilization gy's commitment to promoting ecological

of waste excavation and filling balance optimization and minimize civilization construction.ecological disturbance significantly reducing geological distur-

bance and secondary disaster risks.

47 48Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

04

People-Oriented Uniting

for Progress

SANY Renewable Energy views talent as the driving force for corporate development.We adhere to the talent concept of "focusing on the strivers and helping employees

succeed" striving to create an equal diverse inclusive caring and healthy work

environment for employees assisting them in achieving a harmonious unity of

personal value and career development.Sustainability Issues

Equality and Diversity Labor Rights and Human Rights Protection Human Capital

Development and Occupational Health and Safety

UN Sustainable Development Goals (SDGs)

49 50Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Protecting Employee Rights

Protection of Labor Rights

SANY Renewable Energy is committed to building a fair inclusive and mutually supportive work environment for employees contin- SANY Renewable Energy integrates respect for and protection of human rights into all aspects of its production and operations establishing a

uously improving the human rights and labor management system to safeguard employees' legal rights and professional dignity. We sound human rights protection mechanism to effectively safeguard employee rights. We commit to implementing international human rights

have a "zero tolerance zero violation" policy regarding labor rights incidents and integrate the concept of diversity and equality into standards such as the Universal Declaration of Human Rights the UN Guiding Principles on Business and Human Rights the International Human

the entire process of corporate culture and human resource management ensuring that every employee grows and develops in a safe Rights Charter and the ILO Declaration on Fundamental Principles and Rights at Work while strictly adhering to relevant laws and regulations

fair and respectful environment. in our operating locations including the Labor Law of the People's Republic of China the Labor Contract Law of the People's Republic of China

and the Regulations on the Prohibition of Child Labor. We aim to build a compliant transparent and responsible employment system. During the

Equal Employment Reporting Period the Company updated and implemented the SANY Renewable Energy Human Rights Policy and Labor Management Manual clarifying the human rights governance structure and departmental responsibilities aligning with international standards and local labor laws sys-

SANY Renewable Energy adheres to the principle of fair employment based on "One Country One Policy" strictly complies with local tematically establishing a human rights and labor management system and setting medium- and long-term management goals. At the same time

labor laws continuously eliminates all forms of bias and barriers and promotes a diverse equal and inclusive employment culture. the Company prepared the Employee Handbook and the Foreign Employee Handbook and improved the human resources operation manuals in

The Company has established systems such as the Integrated Recruitment Management Process and the Code of Conduct for Employ- various employment locations ensuring employee rights are protected throughout the entire process from recruitment to daily management. We

firmly eliminate any form of forced labor and child labor and resist all forms of harassment discrimination and abuse in the workplace.ees in Recruitment Positions to explicitly prohibit discriminatory practices in employment and profession ensuring that the employ-

ment process is open transparent fair and just.The Company firmly prohibits unfair treatment based on gender age race nationality religious beliefs or other social and personal Taking 2023 as the baseline year we aim to increase the number of employees

factors providing equal employment rights and career development opportunities for all candidates. The Company actively recruits receiving human rights-related training such as diversity acceptance

talents from diverse genders ethnicities nationalities educational backgrounds and cultures implementing special systems such SANY Renewable Energy

as the Guidelines for Caring for Employees from Minority and Vulnerable Groups Guidelines for Basic Rights Protection and Career Medium- and Long-term discrimination and harassment awareness by 10%-20% by 2030.Development for Persons with Disabilities and Guidelines for Basic Rights Protection and Career Development for Female Employees. Labor Management Goals

The concept of diversity is embedded in the human resource management system fostering an enterprise culture of equality respect

openness and sharing. During the Reporting Period the Company did not receive any reports or incidents of discrimination.We continuously improve the employee complaint and protection mechanism based on the SANY Renewable Energy Human Rights Policy and

Labor Management Manual ensuring that employee complaint channels are safe and accessible. Employees can anonymously submit opinions

or complaints to the Company through email mailboxes Feishu or WeChat. At the same time the Company strictly implements a whistleblow-

Case Supporting Employment for Local Persons with Disabilities er protection mechanism to ensure absolute confidentiality regarding the names of those involved complaint details and event circumstances

preventing any form of retaliation. During the Reporting Period the Company did not receive any reports or complaints regarding labor rights

incidents.SANY Renewable Energy provides equal employment opportunities for persons with disabilities in accordance with the

In addition the Company conducts annual training on diversity labor and human rights policies for employees suppliers contractors and oth-

Guidelines for Basic Rights Protection and Career Development for Persons with Disabilities ensuring that they receive fair er partners promoting the dissemination and implementation of human rights concepts throughout the entire value chain. During the Report-

compensation benefits training and promotion opportunities. The Company also provides necessary assistive devices ing Period there were no incidents of child labor misuse forced labor harassment abuse or security violence and the human rights and labor

accessible facilities and mental health support. During the Reporting Period the Company actively recruited 35 employees management assessment found no significant violations.with disabilities offering a total of 81 job positions for persons with disabilities.

2025 Human Rights and Labor Management Targets 2025 Goal Completion Status

Employee Hiring Performance Zero human rights negative incidents (including but not limited

to any form of forced labor and child labor) in our own opera- Completed

Total Number of Employees (persons) tions.

7463

Career management and training coverage rate ≥ 95% Completed

Male Employees (persons) 12 interactive communication meetings between the organiza-

Completed

6815 tion and employees regarding working conditions.

Employee collective agreement signing rate ≥ 80% Completed

Female Employees (persons)

648 Employment rate for minority and vulnerable group1 employees

Completed

≥9.5%

1 The scope of employees from minority and vulnerable group refers to ethnic minority employees.

51 52Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Employee rights protection principles Compensation and Benefits

SANY Renewable Energy is value-driven continuously improving its compensation and incentive mechanisms adhering to equal pay

Legal employment Protection of minors' labor for equal work and providing employees with highly competitive salaries in the market. We aim to build a compensation system that

balances fairness and motivation. Our compensation consists of basic salary performance bonuses allowances and subsidies and is

Workers must not be forced to work through violence or Verify the age of job applicants before hiring to ensure personalized and differentiated for all employees based on job value and performance contributions.illegal means such as intimidation coercion threats kid- that no child labor (under 16 years old) individuals who

napping or deception. All work must respect the personal have not completed basic education or those below the During the Reporting Period the Company focused on innovation and R&D incentives as well as expanding overseas markets estab-

wishes of the workers who can choose to leave the Com- minimum employment age in our country/region are em- lishing an order incentive program for R&D personnel to encourage the technical team to pay attention to market demands and prod-uct gross margins promoting the commercialization of R&D results. Additionally the Company distributed the third phase of its medi-

pany or terminate the contract at any time. It is strictly ployed. This does not include apprentices in legally com- um and long-term stock incentive plan covering key positions R&D departments and senior managers with a total of 1365 instances

prohibited to withhold employees' identification cards pliant workplaces that meet all relevant laws and regula- amounting to a total of 52.4 million yuan significantly enhancing organizational vitality and employee cohesion.passports or work permits as a condition for student em- tions. All employees under 18 years old must not engage

ployment. in work that may jeopardize their safety and health and SANY Renewable Energy deepens the implementation of the Employee Benefits Management Regulations legally providing all em-

regular health checks must be conducted as required by ployees with five social insurances and one housing fund paid annual leave parental leave maternity leave and other statutory bene-

law. Employees should be limited to work that matches fits. We continuously improve the non-monetary benefits system including meal subsidies housing subsidies employee dormitories holiday benefits birthday benefits family visit benefits high-temperature subsidies employee health check-ups and major life event

their capabilities. benefits such as weddings childbirth and illness condolences enhancing employees' sense of happiness in work and life from multi-

ple dimensions.Protection of women's rights Fair employment and humanitarian treatment 2025 Employee Benefits Initiatives

Protect the rights and health of female employees pre- Employees shall not be discriminated against in employ- Physical and Mental Health Maternal and Infant Care Disease Protection

vent sexual harassment and provide health maintenance ment and work (such as promotion rewards and train-

at work maternity leave social security systems nursing ing) based on nationality language race skin color age The Company places great The Company pays close attention During the Reporting Period

leave and parental leave ensuring that female employees gender sexual orientation disability pregnancy beliefs importance on the physical to the needs of female employees. the Company's labor union in

are not dismissed or discriminated against due to preg- political affiliations community membership or marital and mental health and overall During the Reporting Period we conjunction with the Changping

nancy. It is strictly prohibited to terminate employment or status. Additionally employees or prospective employees development of employees. upgraded the maternal and infant District Federation of Trade Unions

discriminate against female employees during pregnancy shall not be forced to undergo discriminatory medical During the Reporting Period in care room and simultaneously in Beijing provided insurance for

maternity leave and breastfeeding periods. In accordance examinations or pregnancy tests. Any acts of cruelty and collaboration with the higher-level optimized the care policies and all female employees under the

with local labor laws and regulations ensure that female inhumanity including any form of sexual harassment labor union we systematically management processes for pregnant "Special Disease Mutual Assistance

employees enjoy maternity benefits that are no less than sexual abuse corporal punishment mental or physical created an online comprehensive and nursing employees. The Protection for Female Employees". support platform for employees upgraded maternal and infant care This reflects the union's serious

those stipulated by local laws and return to their positions oppression verbal abuse and human trafficking are covering multiple dimensions room features a human-centered commitment to centering on

with the same benefits after maternity leave. strictly prohibited. such as mental health counseling design emphasizing privacy employee needs addressing

parent-child education guidance protection and ease of use providing practical issues for staff and

and personal growth skills a comfortable safe and convenient highlights the Company's deep

We support the development of leadership and career advancement for female employees by ensuring equal development and pro- enhancement aimed at alleviating exclusive resting and care space for concern for the health and well-

motion opportunities for women in the workplace through transparent and fair recruitment promotion and performance evaluation work and life pressures enhancing female employees during pregnancy being of its female employees.processes. As of the end of the Reporting Period the data on the proportion of female employees in the Company is as follows: family happiness and supporting and nursing periods.continuous improvement in

Proportion of Female Employees 2025 Fiscal Year professional capabilities.Proportion of female employees in senior management (%) 5.06

Employee Communication

Proportion of female employees among those with STEM2 qualifications (%) 5.66

SANY Renewable Energy actively builds an open and transparent

Proportion of female employees in management positions across all revenue-generating departments (%) 7.06 employee communication mechanism continuously optimizing Reporting Email: zengl21@sany.com.cn

the management process for employee feedback and complaints.The Company respects and effectively safeguards employees' freedom of association and collective bargaining rights continuously A multi-level communication network has been established con- Communication

improving the democratic management system and promoting the constructive role of trade union organizations in corporate gov- sisting of "Chairman's Mailbox - Employee Symposium - Voice of and Mobile App: iSany

ernance. Through forms such as employee representative assemblies and trade union committees the Company has established a SANY Renewable Energy - Feishu/WeChat Complaints" effectively Whistleblowing

multi-level regular democratic communication mechanism to ensure that employees have sufficient rights to express and negotiate and promptly addressing issues raised by employees at all levels Channels for

both domestically and internationally ensuring that employee Employees

in major decisions and system revisions. We have established specialized institutions such as the Trade Union Committee the Funding Internal Portal: https://znvoe.sany.com.cn/demands receive quick feedback. During the Reporting Period

Review Committee and the Women's Employee Committee to represent employees in collective negotiations on topics such as salary all feedback was responded to and rectified in a timely manner

adjustments occupational health safety production training and development and anti-harassment and anti-discrimination forming achieving a 100% issue closure rate.an institutionalized dialogue mechanism. During the Reporting Period all formal employees of the Company completed the signing of

four collective agreements including the Comprehensive Collective Contract the Special Protection Contract for Female Employees In the year 2025 we conducted a satisfaction survey for all formal employees achieving a valid response rate of 95% and an overall

interests the Special Collective Wage Contract and the Special Collective Contract for Remuneration of Skilled Talents. score of 81.1/100. The survey results indicate that employees are generally concerned about career advancement and development

opportunities. In response the Company has launched the "Talent Transformation Project" to improve the talent development system

and career path construction promoting the growth of employees in alignment with organizational strategy.

2 STEM refers to the four disciplines of Science Technology Engineering and Mathematics.

53 54Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Empowering Employee Development Employee Training

SANY Renewable Energy is committed to building an open and shared learning organization allowing every employee to realize their

value through growth and achieve self-fulfillment through hard work. The Company continuously improves its training management

SANY Renewable Energy adheres to the talent philosophy of "putting the achievers first and helping employees succeed" committed

system constructing a capability enhancement system that covers all employees and spans the entire career lifecycle. Based on the

to creating a working paradise for new energy talents in China. Through talent attraction training empowerment and growth develop-

Training Management System the Company forms a comprehensive training matrix that advances leadership professional skills and

ment the Company injects continuous momentum into the high-quality operation of the enterprise.technical skills through the three major modules of "Cadre Academy - Professional Academy - Craftsman Academy" helping to pro-

mote the coordinated realization of talent development and the Company's strategic goals.Talent Attraction and Recruitment

Talent Development System

The Company strictly complies with international labor standards and the Labor Law of the People's Republic of China continuously im-

proving systems such as the Integrated Recruitment Management Process and the Code of Conduct for Recruitment Positions. It conducts Leadership Academy Professional Competence Academy Craftsmanship Academy

campus recruitment social recruitment and internal talent mobility in a lawful and compliant manner ensuring that the recruitment

process is fair standardized and transparent. Training in senior management Training in professional Skill level certification: Hold

leadership: Conduct seminars and certification: Carry out training in skill certification for

During the Reporting Period to deepen school-enterprise cooperation the Company held several campus recruitment special presenta- training for senior management professional training and front-line technicians.tions at University of Science and Technology Beijing China University of Mining and Technology (Xuzhou) Hunan University and Wuhan on development strategies of the certification for internal positions.University of Technology. On-site activities included talent profile analysis job breakdown sharing and workplace experience exchange Training for team leader: Conduct Company.providing diverse career inspiration for young talents. During the Reporting Period the Company's dual-channel talent attraction mecha- Training in external certification: quality control and management

nism of "campus recruitment + social recruitment" continued to attract high-quality talents to join SANY Renewable Energy. Lingshan spirits training: Provide external certification and competency training for all team

Conduct training in corporate training and examination support leaders across all production

operation and culture for leaders. for employees in need. stages.Case School-Enterprise Collaborative Talent Attraction Three talent cultivation Training for project managers: Pre-service training for blade

programs: Initiate three Organize leadership training for worker: Deliver pre-service

talent cultivation programs managers in R&D and service skill training programs to new

In October 2025 SANY Renewable Energy hosted a special named "Xunfeng" "Jifeng" and positions to improve their employees at blade factory.presentation at the University of Science and Technology Bei- "Changfeng" to train external management competencies.jing. During the event the HR team outlined the Company's parties high-potential talents and

talent profile business leaders elaborated on the Competen- fresh graduates.cy frameworks for key roles and senior alumni shared insights

into their professional growth journeys. The atmosphere at

the event was lively with enthusiastic student interaction.SANY Renewable Energy showcased its corporate culture with 2025 Training Program

sincerity and openness further enhancing its brand influence

and attractiveness among the university community. To enhance the intelligent application capabilities of all employees SANY Renewable Energy has launched an AI

special training plan covering core positions in technology manufacturing and management. The training adopts a

"dual-driven" model of online courses + AI practical competitions to stimulate employees' innovative thinking and data

AI Special application abilities. Through competition evaluations and project implementations the Company achieves the trans-

Training formation from "learning AI" to "using AI". The project covers 1734 employees with an overall satisfaction rate of 4.8

Plan out of 5 effectively improving the organization's AI application capabilities and incubating a batch of feasible solutions.This program adopts a dual-track training model of "training and combat combined" and "mentor-led teaching" to

systematically enhance the professional capabilities and practical levels of core marketing talents. During the Report-

Marketing ing Period this program has facilitated salary increases for 15 trainees and promoted 8 trainees to higher positions

Leader

Program strengthening the marketing team's tiered structure and business leadership.To deepen digital transformation and innovation capabilities the Company organized 40 key employees from the Wind

Turbine Research Institute Process Institute and Intelligent Research Institute to participate in a special AI study tour at

Alibaba. They discussed the application scenarios and future development directions of artificial intelligence in the equip-

Alibaba AI

Study Tour ment manufacturing field effectively broadening technical perspectives strengthening cross-border integration and in-novation implementation capabilities and injecting new momentum into the Company's intelligent development.To support employees' multi-level growth the Company actively provides external educational resources and degree certification sup-

port covering education programs such as EMBA and MBA as well as skill level certifications for frontline employees. During the Re-

porting Period a total of 1084 employees passed skill certification exams (724 at the beginner level 250 at the intermediate level 109

at the advanced level and 1 technician); 1584 employees participated in professional certification exams with 1418 passing resulting

in a professional certification pass rate of 89%.

55 56Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Talent Development Employee Activities

SANY Renewable Energy is committed to advancing the "Talent-Driven Enterprise" strategy aiming to build a talent development The Company emphasizes emotional care for employees and organizational culture building creating a warm and vibrant corporate

system that is fully incentivized smoothly growing and fairly evaluated. During the Reporting Period the Company promoted the atmosphere through a variety of employee activities. During the Reporting Period we organized over a hundred activities including

"Three Highs" talent policy to attract outstanding talents from both domestic and international sources gathering strivers with high the "Women's Day" theme event on March 8th the "Summer Cool-off" initiative youth talent networking events Christmas Eve visits

compensation forging professionals with high standards and achieving excellence with high efficiency creating an open enterprising and the "Who Will Win the Badminton Championship" tournament. Among them the 2025 "New Year Goods Fair" attracted thousands

and practical talent ecosystem. To ensure the career growth needs of employees in different positions the Company has established of employees where participants wrote Spring Festival couplets received New Year gifts and shared moments of reunion enhancing

a dual-channel promotion system based on the Employee Career Management Handbook and Cadre Management Process covering employees' sense of belonging and happiness in a lively and warm atmosphere.management and technical channels for 15 types of positions including R&D technology IT and human resources. At the same time

it standardizes the nomination review approval investigation and approval processes for employee promotions forming a clear and

quantifiable career development path that promotes a win-win situation for employee personal growth and corporate development.Management track Technical track

The Company has established a management track that For R&D and specialized technical talent the Company

emphasizes both vertical promotion and horizontal has established a 12-level professional title system from

mobility. Employees can be promoted within the "Spe- Assistant to Expert. Professional capability and innova-

cialist — Manager — Senior Manager" sequence through tion achievements are recognized through an annual

semi-annual assessments. Core personnel can gain title evaluation mechanism which is linked to compen-

cross-sequence promotion based on performance and sation and benefit grades. This encourages technical th

organizational needs subject to review by the Talent talent to pursue continuous improvement and value March 8 "Women's Day" Theme Event "Summer Cool-off" Initiative

Committee. The Company has established a 21-level ti- realization through professional expertise.tle system covering clerical staff to core senior manage-

ment. Our people are nominated for promotion based

on performance appraisals and title holding cycles.Dual-track Career Progression System

The Company adheres to the principles of fairness and objectivity in performance evaluation establishing and implementing the Per-

formance Management System and Performance Management Process. Based on the nature of the position and level a tiered perfor-

mance assessment mechanism is implemented setting differentiated assessment cycles and target requirements for different levels

creating a performance management system with SANY characteristics to ensure that performance evaluations focus on job value Youth Talent Networking Event Badminton Tournament

while also considering employee development. During the Reporting Period 100% of SANY Renewable Energy employees regularly un-

derwent performance evaluations.Employee Performance Management Process

Preparation of signing of interview about the self-assessment on self-introduction

performance contract performance contract performance contract performance to performance

application of

performance results performance appeal

review of performance assessment on

results performance

Supported by this performance system the Company completed a talent inventory for 6391 employees during the Reporting Period.Based on annual performance and job competency the "Nine-Box" model was applied to stratify and classify talents accurately iden-

tifying core and potential talents providing data and decision-making basis for succession planning. To enhance talent mobility and

development the Company also improved the job rotation system setting transitional salary and performance protection measures

encouraging practical training across departments and business units allowing outstanding talents to accumulate experience and

broaden their horizons through in-depth frontline and key position training gradually forming a talent development pattern character- Christmas Eve Visit New Year Goods Fair · Stocking Up Feast

ized by structural optimization and smooth mobility.

57 58Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Occupational Health and Safety

Occupational Health and Safety Protection

SANY Renewable Energy always adheres to the management philosophy of "people-oriented safety first" placing employee life The Company systematically regulates occupational health monitoring prevention of occupational diseases and management of

health and safety production in a crucial position within corporate management. The Company continuously improves its occupation- occupational hazard factors based on management systems such as the Regulations on Warning and Notification Management of Oc-

al health and safety management system through multi-dimensional measures such as system construction risk prevention techno- cupational Disease Hazards Regulations on Occupational Health Occupational Health Monitoring and Its Archive Management and

logical upgrades and training education striving to enhance safety governance levels and risk response capabilities and is committed Occupational Disease Accident Handling and Reporting System continuously improving the level of occupational health management.to creating a healthy safe and "zero harm" working environment for employees.SANY Renewable Energy has established a health monitoring mechanism that covers the entire career cycle of employees strictly im-

plementing a physical examination system for onboarding on-the-job and offboarding to ensure continuous attention and dynamic

Safety System Development management of employees' occupational health status. At the same time the Company commissions qualified third-party organiza-

tions each year to conduct assessments of occupational disease hazard factors evaluates the current status of occupational disease

SANY Renewable Energy strictly complies with relevant laws and regulations such as the Labor Law of the People's Republic of China hazards every three years and issues reports on the detection of occupational disease hazard factors and the evaluation of the current

the Production Safety Law of the People's Republic of China the Occupational Disease Prevention Law of the People's Republic of Chi- status of occupational disease hazards ensuring effective identification and control of various occupational hazard factors to continu-

na and the Fire Protection Law of the People's Republic of China. The Company formulates and implements the Employee Health and ously optimize the working environment and prevent the occurrence of occupational diseases. As of the end of the Reporting Period

Safety Management Manual Human Rights Policy and Labor Management Manual and Emergency Management System for Produc- the Company has no new cases of occupational diseases.tion Safety systematically standardizing occupational health and safety management work. Meanwhile with the expansion of overseas

business the Company has developed the Offshore Operations Safety Management System and the Special Emergency Plan for Ship

Emergencies to further improve the safety management system for overseas operations and strengthen risk prevention capabilities in Notification of

offshore operations. By the end of 2025 SANY Renewable Energy along with its 11 main production and operation sites including Sany For the monitored and identified occupational health and safety risks we post notification cards Occupational

Tongyu Sany Chenzhou Sany Zhangjiakou Sany Shaoshan and Sany Bayannur will have achieved 100% certification through the ISO regarding occupational disease hazard factors to ensure that employees are aware of the hazard Disease Hazard

45001 Occupational Health and Safety Management System audit. factors in their positions and take protective measures as required.Factors

The Company implements a top-down occupational health and safety management system with the General Manager serving as the

ultimate responsible person for occupational health and safety management. A Safety Committee is established at the executive level

to make decisions and supervise major safety production matters while the HSE Management Department is responsible for specific Establish the Labor Protection Supplies Management System and continuously update the Labor

organization and implementation forming a clear and hierarchical safety management structure. To further strengthen the implemen- Distribution of Protection Supplies Distribution Record. Distribute labor protection supplies that meet occupa-

tation of safety responsibilities the Company has established an independent HSE assessment mechanism incorporating safety pro- Labor Protection tional health and safety protection requirements according to job positions including safety hel-

duction goals into the performance management system. By signing HSE responsibility documents at each level safety responsibilities Supplies mets work clothes anti-smash shoes safety belts etc.are detailed and assigned to various management levels and frontline positions promoting a model of occupational health and safety

management that involves all employees and controls the entire process.Occupational Health and Safety Management Goals and Performance Health Check-ups for Require 100% of employees engaged in work involving occupational disease hazard factors to

Employees Exposed to

complete pre-job in-job and post-job health check-ups and implement the requirement of one

Management Goals 2025 Occupational Disease health record per person to ensure traceability.Hazard Factors

Injury rate per thousand ≤ 2‰ 0.54‰

Accident rate for recorded work injuries per million working hours < 1 % 0.26%

Fatal accidents 0 0 Conduct online training on occupational health to educate employees about the prevention of oc-

Occupational

Occupational disease accidents 0 0 cupational diseases identification of hazard factors and the use of protective supplies in order to Health Training

enhance employees' awareness of occupational health protection.Major environmental accidents 0 0

Major fire accidents 0 0

Publish the Employee Mental Health Work Guidance Manual to educate employees on the basics

Employee Mental

of mental health and help managers at all levels master fundamental employee mental health

Health

management methods.Conduct training sessions for employees on knowledge and preventive measures for repetitive

Prevention of

strain injury prevention helping them establish awareness of such injuries. At the same time pro-

Repetitive Strain

vide automated tools like Automated Guided Vehicles (AGV) and electric forklifts to help employ-

Injuries

ees reduce the likelihood of encountering work scenarios that may lead to repetitive strain injuries.

59 60Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Under the framework of the occupational health and safety management system SANY Renewable Energy strictly implements the Occupational Health and Safety Training

Emergency Management System for Production Safety and the Management System for Safety Production Rewards Penalties and

Assessments continuously enhancing safety protection at work sites. This is achieved through improving protective equipment con- SANY Renewable Energy has established a systematic safety education and training system and formulated the Safety Education and

figurations advancing production process upgrades and strengthening intelligent safety controls to reduce safety and occupational Training Management System. Regular safety training is conducted for all employees (including dispatched workers interns and tempo-

health risks during production operations. rary workers). The Company combines actual production and operational needs to conduct specialized safety training for new process-

The Company in conjunction with the Safety Risk Identification and Grading Control System equips employees with labor protection es technologies and equipment applications. Various forms such as emergency drills and accident case reviews are used to enhance

supplies that meet safety standards based on the risk levels of different positions and regularly conducts assessments and optimiza- employees' risk identification capabilities and on-site handling skills integrating safety concepts into daily production management.tions of protective equipment. In 2025 in response to employee feedback regarding the anti-fog performance and comfort of goggles

during work the Company organized trials for multiple models of goggles that meet safety standards. After evaluating their compre- On September 22 2025 the Company organized a liquid nitrogen operation emergency drill at SANY Renewable Energy's Liquid

hensive safety performance and employee experience a unified configuration of new model goggles have been completed ensuring Nankou Park simulating a liquid nitrogen pipeline leakage scenario. The drill covered risk identification for liquid nitrogen

protective effectiveness while enhancing comfort and convenience during work. Nitrogen operations explanations on wearing safety protective equipment operational demonstrations and emergency response

Operation process drills. This helped employees further grasp the safety operation key points and accident handling processes for

We integrate safety concepts into production processes and equipment modifications using automation and intelligent technology to Emergency liquid nitrogen operations enhancing their ability to identify and respond to risks associated with low-temperature media.reduce employee exposure in high-risk or high-intensity work environments. During the Reporting Period the Company introduced au- Drill After the drill optimization suggestions for the configuration of protective equipment for liquid nitrogen operations were

tomated edge trimming equipment in the blade production process along with an efficient dust removal system achieving automated proposed based on on-site feedback further improving safety management measures in special operational scenarios.processing of edge trimming effectively reducing dust dispersion and lowering occupational health risks while significantly alleviating

the intensity of repetitive labor for employees. Additionally the Company has strengthened intelligent safety protection measures in In November 2025 the Company organized a "Fire Safety Month"

key operational areas of the production line such as installing safety light curtain devices in robot operation areas which automat- activity with a total of 506 employees from the manufacturing

ically shut down the system when personnel enter the equipment's operating range effectively avoiding safety hazards caused by Fire department participating in online fire safety training. At the same

equipment mis-operation. The Company also continues to promote the automation upgrading of the wind turbine manufacturing pro- Safety time offline fire drills emergency evacuation drills and fire equip-

duction line enhancing the stability and safety controllability of the production process through automated assembly and production Month ment usage training were conducted at Sany Rizhao Sany Chen-

flow applications thereby reducing safety risks at the source. Special zhou and the SANY Renewable Energy Nankou Park. By combining

Training systematic training with on-site drills we further enhanced em-

In addition to operational safety management the Company also pays attention to employees' mental health and establishes a men- ployees' ability to identify fire risks and their emergency response

tal health care and counseling mechanism based on the Employee Mental Health Work Guidance Manual. This includes identifying and and Drills levels ensuring fire safety at the production site.intervening in potential psychological stress risks and providing timely psychological counseling for abnormal behaviors helping em-

ployees maintain a good physical and mental state.Stakeholder Safety Management

Safety Production Control Measures

We place great importance on the occupational health and safety of contractors and on-site service suppliers. We strictly implement

unified safety management standards providing safety reminders supervision and control throughout the entire work process. During

the Reporting Period the Company further strengthened safety management requirements for suppliers and contractors improved

the safety training system across the entire chain and continuously enhanced the safety awareness and operational compliance of

stakeholders.Identification and Assessment of Hazard Sources Safety Grid Management Safety Management of Related Parties

According to the Hazard Source Identification and Risk Implement a safety grid management plan adhering The Company has formulated the Relevant Party Management Policy to enforce work safety clarifying construc-

Assessment Control Procedure regular identification to the principle of "whoever is in charge is responsible" Safety tion safety and environmental measures and the emergency preparedness and response mechanism. The policy

and assessment of hazard sources are conducted. for safety management. Each regional leader is respon- Policy also provides enhanced controls for relevant parties and visitors standardizes work safety behaviors and clarifies

Based on the identification results each department sible for the safety work within their jurisdiction pro- safety management responsibilities.must include Level I and Level II hazard sources in daily moting the implementation of safety responsibilities at

safety management and inspection tasks to reduce po- the regional position and personnel levels achieving The Company signs the Agreement on the Management of Occupational Health and Safety and Environmental

tential risks in safety production. For Level III and Level refined and normalized safety management. Protection and the Safety Notification with all relevant parties. In this way we clarify the responsibilities of each

IV hazard sources control files are established and Safety

effective control measures are formulated for focused Agreement

party in work safety management and the necessary safety measures and ensure that all visitors understand the

Company's safety management standards and risk matters. We also require relevant parties to provide safety and

management. environmental protection related construction plans and conduct strict risk review and prevention.Relevant parties we engage for different operations are required to take the safety training and exams at the

proper level before they can work on site. The safety training for relevant parties enables contractors to fully un-

Safety

Training derstand the Company's safety requirements and the precautions as well as their safety management responsi-

bilities. The purpose is to prevent the occurrence of accidents at the contractor side improve contractors' safety

Behavioral Safety Observation (BBSO) HSE Points Assessment for Frontline Employees management level and enhance the safety awareness of construction personnel.Implement behavioral safety observation mechanism Establish a HSE points assessment mechanism for

by observing employees' on-site operational behav- frontline employees quantifying their safety behavior Case Supplier Safety and 6S Management Training

iors and engaging in interactive communication. This performance and participation in safety activities. This

strengthens standardized operational behaviors evaluates and incentivizes employee safety perfor- The Company incorporates suppliers and contractors into a unified safety management system requiring them to complete

promptly corrects unsafe operations proactively iden- mance guiding them to benchmark against best prac- safety inspections and sign safety management agreements and 6S notifications before entering the work site. They must

tifies and eliminates safety hazards from a behavioral tices and continuously improve thereby promoting the also undergo safety training and assessments. During the Reporting Period the Company organized safety and 6S manage-

perspective prevents safety accidents and continu- accountability of safety production to individuals. ment training for suppliers with a total of 44 participants further promoting the implementation of safety management

ously cultivates safety culture. requirements for relevant parties.

61 62Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Supporting Community Development Public Welfare and Charity

While promoting the development of clean energy SANY Renewable Energy pays attention to the positive role of corporate operations SANY Renewable Energy adheres to the philosophy of "first being a person then doing things" actively engaging in public welfare con-

in driving community and regional development. The Company participates in community co-construction through various approach- tinuously carrying out diverse charitable activities encouraging employees to participate in social welfare and promoting the continu-

es such as new energy project construction public welfare activities and volunteer services promoting regional economic develop- ous creation of corporate social values. During the Reporting Period the total contribution to charitable activities by the Company was

ment and co-creation of social value. RMB 610000.Engaging in Community Building 2025 Public Welfare and Charity Activities

SANY Renewable Energy actively fulfills its corporate social responsibility supports community construction in operational areas

and promotes the optimization of regional energy structure in coordination with local industries. During the implementation of wind Charitable Blood Donation

power projects the Company drives the improvement of related infrastructure and the development of supporting services through

project investment and operation continuously increasing the proportion of green energy in the regional energy structure injecting

long-term stable power into local economic development. At the same time the Company emphasizes ecological protection and In March 2025 the Company responded to the local blood donation initiative and

engineering safety during the project planning and construction phases reducing the impact of the project on the surrounding envi- organized employees to participate in a charitable blood donation activity with over

ronment through measures such as slope treatment soil and water conservation and vegetation restoration. In mountainous wind 140 employees actively participating to support public health in society through

power projects we conduct special design and stability analysis of retaining wall structures based on the micro-topography geological practical actions.conditions and rainfall characteristics of the project area strengthening slope protection capabilities. By optimizing construction or-

ganization and excavation-filling balance design we prioritize using construction waste for roadbed filling reducing the occupation of

ecological environment by waste stacking and the risk of soil erosion while ensuring engineering safety and promoting regional eco-

logical environment protection. World Book Day

SANY Renewable Energy's wind farm projects In April 2025 to actively respond to the call for nationwide reading and support pub-

lic welfare the Company participated in the "Revival of All Things" book donation ac-

During the construction of the Qinglang Wind Farm the Company employed a combination of vegeta- tivity organized by the SANY Foundation during World Book Day donating youth lit-

tion measures and engineering protection to enhance slope stability while also establishing a sustain- erature to students in impoverished mountainous areas conveying warmth through

able plant community system. Project construction strictly adhered to environmental requirements. By the fragrance of books interpreting responsibility with love and contributing to the

standardizing construction waste disposal controlling noise and strengthening vegetation protection creation of a book-loving society.the impact of construction activities on the surrounding ecological environment was reduced. In the

Qinglang future the project plans to integrate the wind farm's landscape resources with the construction of

Wind Farm facilities such as sight-seeing platforms and cycling paths to promote the integrated development of

energy production and eco-tourism.Public Welfare Classroom

In July 2025 the Company in collaboration with the SANY Foundation conducted

a public welfare classroom activity for employees' children during a summer camp

As the Suxian Liangtian Wind Farm is located in mountainous terrain with high rainfall and complex themed "Exploring Technology + Creative Practice". Through a combination of sci-

geological conditions we mitigated mountain soil erosion risks through measures like optimizing ence popularization explanations and practical experiences children were able to

drainage systems and reinforcing slope structures. Concurrently we conducted vegetation restoration closely understand the intelligent manufacturing and new energy industries. Led by

research and implemented ecological greening measures tailored to different climatic topographic

Suxian Liangtian professional instructors the children visited the wind power equipment production and soil conditions continuously improving regional vegetation survival rates and ecological stability.Wind Farm workshop to learn about the production process and the principles of automated

equipment operation and experienced activities such as making small powered

cars feeling the charm of technological innovation and stimulating their interest in

science and technology.The Company integrated ecological restoration with public space development. By simultaneously

advancing landscape greening soil and water conservation and facility construction we created wind

farm landscapes that serve both ecological governance and public recreation functions. The project Volunteer Activities

improved the ecological quality of the wind farm area through optimized plant configuration and eco-

logical restoration measures. It also integrates sight-seeing platforms boardwalks and leisure facilities The Company continues to carry out science popularization and research activities aimed at young people. During the Reporting Pe-

Qifengshan providing ecological recreation and science education spaces for local residents. This enables synergis- riod multiple research activities for primary and secondary school students were organized including workshop visits technology

Wind Farm tic development of clean energy generation ecological protection and community sharing. explanations and practical experiences helping students understand the manufacturing of new energy equipment and intelligent pro-

duction processes thereby enhancing the scientific literacy of young people.

63 64Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

05

Upholding Integrity

and Principles

SANY Renewable Energy builds its business on consistent integrity. We consolidate our

development foundation with a standardized and transparent governance system and

convey our sense of responsibility through win-win supply chain management. Joining

hands with industry partners we are striving towards a high-quality sustainable

future.Sustainability Issues

Business Ethics Compliance and Risk Management Data Security and Privacy

Protection Sustainable Supply Chain

UN Sustainable Development Goals (SDGs)

65 66Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Efficient Corporate Governance Board Diversity

The Company actively promotes the diversity of the Board of Directors in terms of gender cultural background professional skills and

other aspects aiming to build a well-structured and complementary board to enhance the scientific and forward-looking nature of de-

SANY Renewable Energy adheres to the Company Law of the People's Republic of China the Securities Law of the People's Republic

cision-making from diverse perspectives. The Company has formulated the Policy on Independence and Diversity of Board Members

of China the Code of Corporate Governance for Listed Companies and the Listing Rules for Stocks on the Shanghai Stock Exchange's

incorporating factors such as educational background professional experience skills knowledge tenure gender age nationality race

Science and Technology Innovation Board continuously optimizing our governance system and enhancing the transparency and ef-

and cultural background into the selection and evaluation of directors continuously enhancing the independence and diversity of the

fectiveness of corporate governance.Board. The specialized committees of the Board are composed of industry talents and experts with professional experience in accounting

finance engineering etc. ensuring the effectiveness of the Board's duties and improving the overall governance level of the enterprise.Governance Framework

SANY Renewable Energy's Governance Structure

The Company has established a governance Investor Relations Management

structure composed of the shareholders' meet- The Company adheres to the principles of legal compliance openness and transparency and has established the Investor Relations

ing the board of directors and the management Strategy and Sustainability The Shareholders' Meeting Management System to maintain information communication with investors through diversified communication channels effectively

team clearly defining the responsibilities and Committee safeguarding investors' rights to information participation and oversight.authorities of each governance entity to ensure

they perform their duties in a lawful standard- Audit Committee

ized efficient and comprehensive manner. At Board of Directors

the same time the Company has formulated Nominating Committee Information Disclosure Investor Communication

the Articles of Association of SANY Renewable

Energy Co. Ltd. and improved various proce- Management Team Remuneration and The Company has formulated the Information Disclo- The Company designates the Board secretary as the

dural rules to promote the scientific operation of Appraisal Committee sure Management Policy and other relevant policies direct person responsible for investor relations man-

the corporate governance system and drive the concerning information disclosure to regulate the agement fully overseeing the Company's investor

Company's stable and sustainable development. conduct of the Company in this regard and to safe- relations work. Additionally an investor communica-

guard the quality of information disclosure. By doing tion officer is set up in the securities investment office

so we ensure that the Company's shareholders cred- to handle investor communication. During the Re-

Shareholders' Meeting itors potential investors and other stakeholders are porting Period the Company responded to investor

able to gain a comprehensive understanding of the inquiries 290 times held 124 investment strategy and

The Company convenes and holds shareholders' meetings strictly in accordance with the Rules for Share- Company's operating status financial positions risks communication meetings 3 performance briefings

holders' Meetings of Listed Companies the Articles of Association of SANY Renewable Energy Co. Ltd. and and prospects. 6 executive roundtable discussions and 2 open days

other relevant laws regulations and rules. It diligently carries out tasks such as meeting notifications pro- for small and medium-sized investors.posals deliberations and voting fully ensuring that shareholders enjoy equal status and effectively exercise

their rights to information participation inquiry and voting.Board of Directors and Sub-committees

The Board of Directors is accountable to the shareholders' meeting performing strategic decision-making func-

tions leading and supervising the Company's business development strategy formulation and performance.The Board has established the Audit Committee Nominating Committee Compensation and Assessment Com-

mittee and Strategy and Sustainability Committee which are responsible for providing advice on specialized

matters assisting the Board in decision-making and ensuring the scientific nature of the Board's professional

decisions. To further enhance supervisory effectiveness the Company empowers the Audit Committee to exer-

cise the powers of the Supervisory Board overseeing the Company's financial status significant matters and the The Company has always prioritized the protection The Company has established a sound corporate gov-

legality and compliance of the duties performed by directors managers and other senior executives. of shareholder rights formulating and strictly imple- ernance structure in accordance with the Company

menting relevant systems actively carrying out the Law Securities Law Rules for the Listing of Stocks on

procedures for convening shareholder meetings and the Sci-Tech Innovation Board and other laws and reg-

Management Team striving to create long-term value for shareholders ulations as well as the Articles of Association ensuring

while promoting sustainable development. that shareholders creditors and potential investors

The management team is accountable to the Board of Directors and conducts daily production and opera- can timely and equally access information participate

tional matters based on the authority granted by the Board and its own functions. in corporate governance activities in compliance with

regulations and effectively safeguard the legitimate

rights and interests of shareholders and creditors.As of the end of the Reporting Period the Company's Board of Directors has a total of 8 directors including 1 female director (accounting

Returns to Shareholders Protection of Shareholder and Creditor Rights

for 12.50% of the Board) and 3 independent directors (accounting for 37.50% of the Board). During the Reporting Period the Company

held 4 shareholders' meetings 14 Board meetings and 16 specialized committee meetings of the Board.

67 68Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Robust and Compliant Operations The Company has incorporated emerging risks into its risk management mechanism to effectively respond to uncertainties arising from changes in the internal and external environment. We regularly identify assess monitor and report on emerging risks and con-

duct in-depth analyses of identified risks to clarify their potential medium- to long-term impacts and formulate corresponding mitiga-

SANY Renewable Energy continuously improves its risk prevention and internal control compliance management system adhering to tion measures. During the Reporting Period the Company assessed the identified emerging risks and the results showed that geopo-

high standards of business ethics and actively building a transparent fair and honest operating environment. litical conflict risks and data privacy and security risks remain our main emerging risks.Geopolitical Conflict Data Privacy and Security

Risk Management

The Company regards the Board of Directors as the highest responsible body for internal control and risk management with the CEO's As the pace of digital transformation picks up Intensifying global geopolitical tensions may lead to

office coordinating risk management efforts. The Audit Department along with other internal control personnel executes specific su- SANY Renewable Energy is exposed to risks of data supply chain disruptions raw material price fluctua-

pervisory responsibilities relying on various departments to establish a three-line defense for compliance management. Risk breaches cyber attacks and compliance in intelli-tions higher trade barriers and rising market uncer-

Description gent manufacturing remote O&M and customer

tainty which consequently will affect our international

data management which may adversely affect the

Three Lines of Defense for Compliance Management business expansion and operational stability. Company's reputation and customer trust.First Line of Each business department or subsidiary is responsible for identifying and controlling risk points in- We will optimize our global supply chain layout and en-

Defense volved in its own operations. The Company will enhance the data security system hance our capabilities of local production and procure-

by adopting advanced encryption technology and

ment to reduce dependence on a single market. At the

access control mechanism to safeguard sensitive

same time we keep a close eye on international policy

information. Moreover we will conduct regular

Second Line of The Finance Department Legal Department and other relevant departments assist business depart- Response developments strengthen compliance management cybersecurity audits and employee training to en-

Defense ments to control compliance risks in their areas of expertise. Measures and ensure the compliance of our business with the reg- hance overall security awareness. At the same time

ulatory requirements of various countries. In addition

we strictly abide by domestic and foreign data com-

the Company will explore emerging markets through a

The Audit Department audits the main business processes and high-risk business areas of all depart- pliance requirements to ensure data management diversified market strategy to mitigate the impact of ge-

Third Line of ments of the Company covering all risk points of the Company every two years. For any findings in compliance and reduce legal and operational risks.opolitical risks on the business.Defense the audit the Audit Department holds the responsible persons accountable and works with relevant

business departments to develop rectification plans and track their progress.Internal Control Supervision

The Company has established systems and procedures such as the Risk Management System External Guarantee Management Sys-

tem and Related Party Transaction Management Measures to clarify management responsibilities thereby continuously enhancing The Company has established a normalized and standardized internal control supervision system formulating internal audit regula-

the level of risk management. We develop an annual risk assessment plan where the Audit Department collaborates with relevant tions such as the Audit Management Policy and the Auditor Professional Ethics Management Policy clarifying the standardized pro-

business departments to identify high-risk links or weak control points from core business processes and regularly conducts in-depth cesses for internal audits. This ensures the independence objectivity and professionalism of audit supervision work continuously

assessments of key risk items in critical business areas such as product or service development procurement manufacturing sales improving the effectiveness of internal control management. During the Reporting Period the Company continuously optimized the

and after-sales service continuously enhancing risk prevention and control capabilities. At the same time we integrate compliance audit classification standards refined audit acceptance requirements and further enhanced the efficiency and quality of audit rectifi-

culture into the entire business process providing employees with specialized training on risk and compliance management as need- cation. A total of 29 internal audit projects were conducted throughout the year covering various business modules such as marketing

ed based on the Company's operational management requirements continuously strengthening employees' risk awareness and com- business infrastructure finance quality manufacturing processes IT administration and business ethics promptly identifying and

pliance concepts. rectifying weak links in internal control.Internal Audit Process

Risk Management Process

Risk Identification Risk Assessment Risk Response Supervision Reporting

Accurately identify Dedicated personnel Tailor risk responses to Regularly supervise and

internal and external analyze and prioritize the risk analysis results review the progress Develop the Define the Conduct the Identify Risk

risks related to the actual the identified risks the risk tolerance and and effectiveness Audit Plan Scope of Audit Audit Matters

control targets and based on the likelihood the risk-benefit analysis of risk responses

determine relevant risk of occurrence and the reasonably assess and implemented by each

tolerance i.e. the level magnitude of the impact accurately understand department evaluate

of risk that the Company using both qualitative the risk preferences of the effectiveness of

can withstand including and quantitative senior management risk management and

the overall risk tolerance approaches following and employees in key summarize the risks and

and the acceptable level standardized procedures positions and take responses to form a risk Report Track and Record the Audit in Prepare Auditor's Develop the Rectification

at the business level. to highlight the areas of appropriate control management report to Supervise the the Management Report Plan

focus and key risks. measures. the Board of Directors. Rectification Progress System

69 70Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Business Ethics The Company continuously deepens business ethics management by clarifying behavioral norms strengthening risk prevention and

control and enhancing training and communication through multiple measures. We actively create a clean and upright work atmos-

SANY Renewable Energy adheres to the principle of integrity in business operations strictly following the Company Law of the People's phere promoting the lawful and compliant development of various businesses.Republic of China the Criminal Law of the People's Republic of China the Supervision Law of the People's Republic of China and other

laws and regulations. The Company designates the Board of Directors as the highest authority responsible for business ethics governance Standardize the Code of Conduct and Improve the Self-Assessment Mechanism Deepen Training and Communication

with the Audit Department coordinating the establishment of a business ethics system. The CEO office assists in the governance system Uphold the Integrity Baseline and Strengthen Risk Control Fostering a Culture of Integrity

for business ethics investigations and training. During the Reporting Period the Company continued to promote the construction of the

business ethics system and third-party audit work and obtained ISO 37001 Anti-Bribery Management System certification.The Company adopts a zero-tolerance attitude towards behaviors that violate business ethics such as corruption bribery fraud money All employees are required to sign a Formulate the Business Ethics Risk Organize multi-level and multi-

laundering and anti-competitive practices. During the Reporting Period it revised and improved core systems such as the Business Ethics commitment letter for compliance Self-Assessment Management form integrity education and

Policy Anti-Corruption and Anti-Bribery Management System and the Conflict of Interest and Integrity Management System further clari- with business ethics clearly System to establish a risk-oriented moral training system learning and

fying the requirements for business ethics norms and detailing the code of conduct for employees customers and partners. defining their responsibilities and self-assessment mechanism for examinations to enhance the legal

obligations regarding integrity business ethics risks enhancing awareness and moral quality of all

legality and professional ethics. and standardizing the effectiveness employees. During the Reporting

Business Ethics Regulations The Audit Department serves as of business ethics risk and Period 14 employee training

the main department responsible related risk control measures sessions were organized achieving

for business ethics compliance ensuring timely identification and a training coverage rate of 100%.Anti-Corruption Anti-Fraud and Anti-Money Laundering conducting irregular audits of the management of risk items. During

Company's compliance in financial the Reporting Period the Company

Formulate the Anti-Corruption and Anti-Bribery Actively promote and implement the anti-fraud and and business activities promptly conducted business ethics self-

Management Policy and the Conflict of Interest and anti-money laundering policies to strictly prohibit identifying and correcting potential assessment reviews covering 100%

Integrity Policy to strictly prohibit employees and employees from any form of fraud and money laun- violations. of operational locations with new

partners from corruption and bribery embezzlement dering and achieve zero occurrence of fraud and risky trading partners included in

abuse of power and other misconducts and to clarify money laundering through policy instruction train- the anti-corruption and information

the scope and content of the Company's anti-corrup- ing and education audit announcement and other security due diligence process

tion audits means. reaching 100%.Anti-Unfair Competition Conflict of Interest The Company severely punishes violations and disciplinary actions encouraging all employees to participate in business ethics su-

pervision. During the Reporting Period we updated and improved the Reporting Management System and the Accountability Manage-

Formulate the Anti-Unfair Competition Management Formulate the Conflict of Interest and Integrity Policy ment System further enhancing reporting channels and optimizing the whistleblower protection mechanism. We clearly define the

Policy to prohibit relevant departments of the Com- to specify the regulations for handling incidents relat- full process requirements for receiving investigating handling and providing feedback on reports appointing a reporting complaint

pany and their employees from conducting confusion ed to conflict of interest to avoid conflicts between channel management officer responsible for receiving report information and arranging handling work based on priority. The Audit

marketing misleading marketing collusive bidding personal interests and the Company's interests and Department will lead the investigation of any verified reports of violations of business ethics ensuring 100% verification and handling

and other ways to seek unfair benefits and maintain to protect the Company's interests from being im- and ensuring that any verified violations are dealt with seriously according to the Company's Accountability Management System. The

the normal competition order in the market. peded or compromised. Company commits to strictly keeping the whistleblower's information confidential prohibiting retaliation or unfair treatment against

complainants. Any form of retaliation discovered will be dealt with severely according to laws and regulations effectively safeguarding

the rights of whistleblowers. During the Reporting Period the Company received three reports related to business ethics all of which

were thoroughly investigated by the Audit Department and handled and reported in accordance with regulations.SANY Renewable Energy 24/7 Business Ethics Reporting Channels

Reporting jiancha@sany.com.cn

Email

Reporting 15021189396

Hotline

71 72Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Information Security

As digital transformation deepens information security has become an important guarantee for the stable operation of the Company. The Company places great importance on the protection of privacy information for customers employees and various stakeholders

SANY Renewable Energy strictly follows the Cybersecurity Law of the People's Republic of China Data Security Law of the People's Re- strictly adhering to the Personal Information Protection Law of the People's Republic of China and the EU's General Data Protection

public of China and other domestic and international laws and regulations. It has established the Employee Information Security Man- Regulation as well as other domestic and international privacy and data protection laws and regulations. We have established the

agement System Information Security Incident Handling and Emergency Management System and Third-Party Personnel Information Information Security Privacy Policy and other systems clarifying behavioural norms for scenarios involving the use of Company infor-

Security Management System among others. By leveraging technology management and cultural collaboration a comprehensive mation resources information processing and record retention periods customer privacy handling emergency incident management

information security assurance system has been built that covers both internal and external aspects and spans the entire process and reporting of violations maximizing the protection of personal information and data security. During the Reporting Period the

providing solid support for the stable development of digital operations and global business. During the Reporting Period SANY Re- Company did not experience any incidents of personal information leakage and did not receive any complaints related to violations of

newable Energy continued to conduct information security management system reviews through third-party external organizations personal privacy.successfully obtaining ISO 27001 information security management system certification and updating the certification scope while

also successfully acquiring IEC 62443-4-1 Industrial Control System Security certification.Data Lifecycle Management

Scenarios where the Company may collect customers' information include data collection during

Security Risk Investigation customers' use of products or services data collection from related companies or partners upon the

Data consent of customers and other scenarios. The Company shall obtain consent from customers before

The Company designates the Digitalization Department as the supervisory body for information security matters set- Collection collecting their information and then collect personal information in a lawful and compliant manner.ting information security performance indicators for departments and information security personnel including the Any data collection by fraudulent deceptive or misleading means or from illegal channels is forbidden.number of violations vulnerabilities and incident handling efficiency and conducting regular assessments. Internal

information security audits are also conducted periodically. Through the information security operation platform

information security vulnerability reviews are carried out and corrective actions and information security enhance-

ments are implemented based on the review results handling and archiving various information security risk inci- When providing products or services to customers the Company may need to share customers' infor-

dents. During the Reporting Period the Company conducted in-depth security testing on over 30 application systems Data Sharing mation with related companies authorized partners and cloud service providers for purpose of the

promptly identifying and addressing more than 130 high-risk vulnerabilities fixing over 600 security issues on cloud provision of such products or services. Any party sharing the data is prohibited from using customer

hosts and efficiently handling more than 120 security operation tickets. information for any purpose other than those mentioned above without the customer's consent.Overseas Compliance Construction Partners are required to sign strict non-disclosure agreements strictly use the information for the pur-

Data poses stated in the privacy policy and take relevant confidentiality and security measures. When the

third-party data is no longer used for business purposes the Company undertakes to retain the rele-

During the Reporting Period the Company officially initiated overseas information security work developing targeted Retention vant data for a period of no longer than 2 years after which the data will be deleted in a secure manner.overseas information compliance plans in accordance with the information security laws and regulations of different

countries and regions standardizing the information processing procedures for overseas business and ensuring the

security and compliance of overseas business information to support the steady advancement of overseas operations.Customers' Customers have the right to be informed about access correct and delete their own information.Rights

Awareness Enhancement for All Employees

The Company has established the Information Security Points Management Rules linking individual employee be- The Company has established complaint and whistleblowing chan-

havior points with information security performance and training participation thereby strengthening employees' nels for information security incidents and encourages all stakehold- Email: huojb@sany.com.cn

awareness of information security responsibilities. During the Reporting Period to continuously enhance the security ers to complain or report to the Company any violation of the infor-

awareness of employees and related personnel and improve information security protection capabilities the Com- Whistleblowing mation security and privacy policies. The Company is committed

pany organized a series of security training focused on key areas such as new employee onboarding education man- Channels to strictly keeping the complainant's information confidential and Hotline: 18910176419

agement of third-party on-site personnel and risk prevention in high-risk scenarios. A total of 12 information security prohibits retaliation or unfair treatment against the complainant.training sessions for new employees were conducted throughout the year; one large-scale centralized training session

was organized covering 2919 people further solidifying employees' foundational knowledge of information security.

73 74Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Responsible Supply Chain

Number of First-Tier Suppliers by Geographical Region

SANY Renewable Energy is building a transparent secure stable and sustainable supply chain system of high standards. We are push-

ing for the extension of responsible practices throughout the entire chain contributing to the high-quality development of the industri-

al and supply chains through concrete actions. By the end of the Reporting Period

Jiangsu Province 48

Supply Chain Management SANY Renewable Energy had a total of

Shanghai Municipality 33

The Company's Sustainable Procurement Committee is the supreme Criteria of Strategic Supplier 281 Tier-1 suppliers3

responsible body for supply chain management. The Commercial Zhejiang Province 25

Department is responsible for the routine management of the supply Signed a valid strategic cooperation

chain. The Company has been improving its supplier management 1 agreement;

system. During the Reporting Period we updated the Supplier Man- Beijing Municipality 26

agement Policy further clarifying management requirements for

each stage: supplier development and sourcing supplier admission Or meet the following conditions: Shandong Province 25

assessment supplier performance evaluation and supplier exit/re-

moval. In addition we follow the principle of category-based supplier 1) Ranking top 3 in terms of purchase Other Regions 124

rating to classify our partner suppliers. During the Reporting Period 2 volume within the category

we continuously optimized classification and grading criteria forming 2) Rated Grade A in the latest audit or

lists of strategic suppliers preferred suppliers and eliminated suppli- rated Grade B or above in the admission

ers which are managed in a hierarchical manner. By the end of the review

Reporting Period strategic suppliers accounted for 54.40% of our pro- The Company places high importance on supply chain risk control enhancing mechanisms and processes for identification assess-

curement expenditure. ment and management of supply chain risks and opportunities during the Reporting Period. In addition in accordance with the Sup-

plier Risk Assessment Measures we regularly review and identify supplier risk levels and formulate targeted risk control measures or

Supplier Lifecycle Management Processes implementation rules. In supplier evaluation and management we prioritize strategic suppliers and suppliers with high risk in sustain-

ability to effectively avoid or reduce supply chain risks. By the end of the Reporting Period the Company did not identify any suppliers

Supplier Development Supplier Admission with "significant risks".and Sourcing Assessment

Formulate the Production Supplier Formulate the Supplier Admission Process define the criteria of

Sourcing Process and develop qual- qualified suppliers conduct supplier admission review on their Risk Identification Risk Assessment Risk Management

ified suppliers for review through quality R&D and innovation ability sustainability performance

websites surveys trade fairs internal and other factors and require suppliers to commit to comply Conduct comprehensive For the identified risks the During the Reporting Period

referral and other channels. with the Supplier Code of Conduct. During the Reporting Period risk identification along Company uses a risk matrix the Company identified 18

the Company further strengthened admission control requiring the supply chain from method to scientifically supply chain-related risks

suppliers to complete the SANY Renewable Energy Supplier multiple dimensions such evaluate and assess and 4 supply chain-related

Corporate Social Responsibility Self-Assessment Questionnaire as supply type region and risks based on two core opportunities and for

at onboarding clarifying 10 red-line criteria. industry. Focus on potential dimensions: the probability each risk and opportunity

risks including policy and of occurrence and the degree we developed practical

regulatory changes natural of impact; for the identified management strategies and

Supplier Elimination Supplier Performance disasters and climate change opportunities the Company response measures based on

and Delisting Evaluation raw material prices carbon evaluates them from the their importance levels.Formulate the Supplier Exit Process The Company implements the Supplier Performance Evalua- emission requirements dimensions of feasibility and

and establish the supplier elimination tion and Rectification Process setting performance evaluation technical compliance potential benefits.rules. The supplier exit process is standards concerning supplier quality delivery cost service supply chain stability of

initiated when the supplier has prob- and other aspects. The supplier performance evaluation results core components and

lems on qualification legal disputes are regularly released and provide targeted support plans for environmental protection

environmental compliance business underperformers. During the Reporting Period the Company requirements.ethics poor performance or others. optimized the supplier evaluation process. For high-risk sup-

pliers the Company conducted due diligence based on the

Sustainability Due Diligence Review Form and incorporated

the investigation results into supplier performance evaluation

considerations. A total of 236 suppliers underwent performance

evaluation throughout the year. 3 Tire 1 suppliers refer specifically to material (production) suppliers. Considering the relatively lower risk levels and limited operational materiality of

service suppliers this report focuses on disclosing management measures and performance pertaining to material (production) suppliers.

75 76Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Sustainable Supply Chain Supply Chain Sustainability Empowerment

SANY Renewable Energy has deeply integrated sustainability concepts into the end-to-end supply chain management process. As the

first enterprise in the wind power industry to obtain an ISO 20400 Sustainable Procurement Statement of Conformity the Company has

been proceeding continuously with its 2030 sustainable procurement goals and action plan. We have been working towards a green The Company prioritizes cooperation with suppliers with excellent sustainability

fair and responsible sustainable supply chain and promoting synergistic sustainable development up and down the supply chain. performance. For suppliers with different sustainability levels we implement positive

We advocate for suppliers to jointly practice human rights protection responsibilities with the Company respect the legitimate rights incentives including price incentives order incentives and goodwill incentives as well

and interests of workers and commit to preventing any form of human rights violations. During the Reporting Period we optimized as negative incentives such as elimination to encourage suppliers to continuously

the Supplier Code of Conduct focusing on improving management requirements related to forced labor child labor and significant Sustainability improve their sustainability capabilities.employee injuries clarifying suppliers' responsibilities and obligations in human rights protection labor employment and occupa- Incentives

tional health and safeguarding the human rights of laborers in the supply chain. Additionally we specified management requirements

regarding labor and human rights environment and climate business ethics intellectual property and information security in the

procurement framework agreement requiring all suppliers to strictly comply. By the end of the Reporting Period 100% of production

(material) suppliers had contracts that included clauses on environmental labor and human rights requirements. Furthermore the Set a target - to provide at least one session of specialized sustainability training for

Company maintains a "zero tolerance" attitude towards serious violations in the supply chain that violate laws and regulations harm suppliers and one for procurement personnel annually ensuring a participation rate

human rights damage the environment and breach business integrity. For suppliers that violate the circumstances listed in the Sup- of no less than 90%. Strengthen collaborative exchanges with suppliers through var-

plier Code of Conduct the Company will take punitive measures including termination of cooperation and blacklisting depending on ious means such as specialized training regular communication and on-site visits

the severity of the situation and serious cases will be referred to judicial authorities. helping suppliers improve their sustainability management levels and practical ca-

pabilities. During the Reporting Period the Company entrusted a third-party profes-

Supply Chain ESG Risk Prevention and Control Joint Development sional organization to deliver specialized ESG training for core suppliers. Furthermore

of Sustainability we organized a series of ESG and sustainable procurement training sessions for all

The Company has established a comprehensive supplier ESG risk assessment system. Through systematic surveys specialized assess- Management Capability procurement personnel to enhance their sustainable procurement awareness and

ments and due diligence we comprehensively identify potential sustainability risks of suppliers achieving refined control over suppli- professional capabilities.er ESG risks. During the Reporting Period the Company optimized the supplier corporate social responsibility (CSR) assessment mech-

anism and process. By refining evaluation criteria and requirements we embedded sustainability requirements into supplier lifecycle

management.Supplier Diversity

Supplier ESG Risk Assessment

SANY Renewable Energy expands di- Supplier Diversity Target

Sustainability Formulate the Management Measures for Sustainable Procurement Risks and Opportunities. Using the Supplier Sustainability Risk verse supplier resources looking for co-Assessment Survey Form we conduct a systematic sustainability risk survey annually for all suppliers and implement targeted

Risk Survey operation with diverse suppliers such as management measures based on the supplier's sustainability risk level. By 2030

businesses owned by racial or ethnic mi-

During the supplier admission stage all production suppliers and key non-production suppliers (e.g. for equipment and infrastruc- norities women or veterans and social

ture) are required to complete a self-assessment using the "Supplier CSR and Sustainability Self-Assessment Questionnaire" (referred businesses. By the end of the Reporting

to as SAQ). The assessment score serves as a reference for admission decisions. Period we had partnered with a total of Increase the proportion of local and diverse suppliers to15%

Formulate a review plan based on the annual supplier sustainability risk survey results and conducts supplier social responsibility risk 11 businesses owned by women veter-

analysis. ans racial or ethnic minorities or people

Sustainability risk level Review plan and management requirements with disabilities.CSR Low-risk suppliers Sign the "Supplier Code of Conduct/Procurement Framework Agreement"

Assessment

Medium-risk suppliers Sign the "Supplier Code of Conduct/Procurement Framework Agreement"Complete a self-assessment via the "Sustainability Due Diligence Review Form" Management of Conflict Minerals

High-risk suppliers Sign the "Supplier Code of Conduct/Procurement Framework Agreement"Complete an on-site audit via the "Sustainability Due Diligence Review Form" SANY Renewable Energy embraces responsible procurement - we commit not to procure products containing conflict minerals and

require our suppliers to comply with the same requirement. By doing so we are pushing for fairness and compliance throughout the

During the Reporting Period 97% of suppliers calculated based on procurement expenditure were covered in the CSR assessment

(including self-assessment questionnaire and on-site audit) and 45%4 went through on-site CSR audit. All the suppliers that were mineral supply chain thereby doing our bit to maintaining peace and stability in relevant regions. The Company has formulated the

assessed as unqualified rectified the problems within the specified time to meet the sustainability management requirements. Sustainable Procurement Policy stipulating that all the products of the Company and our suppliers should be free of the minerals

that are used to directly or indirectly finance conflicts between countries or that originate from conflict-affected or high-risk areas. The

The Company conducts ESG due diligence on suppliers from five core dimensions - labor rights occupational health and safety Company has incorporated the requirements for conflict minerals into the Supplier Code of Conduct requiring all suppliers along the

ESG Due environmental compliance business ethics and management systems - by means of questionnaire surveys and document reviews. supply chain to implement compliant sourcing in line with the OECD Due Diligence Guidance for Responsible Supply Chains of Miner-

Diligence During the Reporting Period the Company conducted specialized ESG due diligence on 53 on medium- to high-risk suppliers and als from Conflict-Affected and High-Risk Areas.urged those suppliers to implement corrective actions against any identified issues within specified deadlines.We are committed to developing a conflict minerals traceability management system. We conduct conflict minerals due diligence by

adopting the Supplier CSR Self-Assessment Questionnaire and the Conflict Minerals Reporting Template (CMRT). We carry out respon-

Supplier

The Company has established a supplier complaint mechanism creating channels to collect questions complaints and sugges- sible minerals management in four procedures: supplier screening for all product categories awareness campaigns for all suppliers Complaint source investigation and on-site audit. We require suppliers whose products contain 3TG to sign the Letter of Commitment to Respon-

Mechanism tions from stakeholders and promptly formulating and implementing corrective measures. sible Minerals and to ensure that the Company is not involved in the use of conflict minerals.

4 In 2025 due to the optimization of the supplier corporate social responsibility (CSR) assessment mechanism and processes which led to adjustments in

evaluation criteria and requirements the proportion of suppliers that underwent on-site CSR reviews decreased compared to 2024.

77 78Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Key Performance

Environmental Performance5

Environmental Performance

Indicators Unit 2023 2024 2025

Indicators Unit 2023 2024 2025

Greenhouse Gas Emission Performance6

7 - Total Amount of Hazardous Waste Entrusted to Third Scope 1 Emissions Tonnes of CO2 Equivalent 21489 12942 17574 Tonnes / 1622.23 2961.43Parties for Disposal

Scope 2 Emissions8 - Market-Based Tonnes of CO2 Equivalent 44109 115651 175515 Total Amount of Non-Hazardous Waste Tonnes 18250.96 27953.66 31804.11

Scope 2 Emissions - Location-Based Tonnes of CO2 Equivalent 46279 113755 158093 - Total Amount of Disposed by Third-Party Recycling Tonnes / 27953.66* 31804.11

Energy Consumption Performance

Packaging Materials Performance9

Total Energy Consumption MWh 168394.77 272520.03 * 355590.00 Total Amount of Packaging Materials Recycled by

Tonnes / / 13018.57

Total Direct Energy Consumption MWh 87215.68 48695.52* 46212.53 Third Parties

- Renewable Energy Consumption (Solar and Wind

MWh 12942.10 9946.51* 13239.47

Power from Own Sites)

- Total Non-Renewable Energy Consumption MWh 74273.58 38749.01 32973.06 Social Performance

Total Indirect Energy Consumption MWh 81179.08 223824.51* 309377.47 Indicators Unit 2023 2024 2025

- Purchased Electricity MWh 81076.39 178770.64 264323.55 Workforce10

- Purchased Green Electricity MWh 3804.58 11721.10 33575.94 Total Number of Employees Person 5721 6330 7463

Water Consumption and Wastewater Discharge Performance

Number of Employees Number of Male Employees Person 5181 5750 6815

Total Water Withdrawal m3 504252.32 596896.90* 878597.73 by Gender Number of Female Employees Person 540 580 648

- From Municipal Water Supply y m3 / 595846.90* 878339.73 Total Number of Employees Aged

Person 2403 2471 2849

- Other Sources m3 / 1050.00 258.00 30 and below

Total Wastewater Discharge m3 297156.52 348492.02 474748.92 Number of Employees Total Number of Employees Aged Person 3235 3789 4547

Categorized by Age 30 to 50

Emission Performance

Sulfur Dioxide Emissions Tonnes 0.20 0.25 0.11 Total Number of Employees Aged Person 83 70 67

50 and above

Nitrogen Oxides Emissions Tonnes 0.51 0.31 3.53

Senior Management Person 54 71 79

Particulate Matter Generation Tonnes 36.11 62.00 56.16 Number of Employees

Categorized by Job Middle Management Person 893 1053 1083

VOC Emissions Tonnes 1.25* 10.15* 13.47 Level

Junior Staff Person 4774 5206 6301

Waste Performance

Number of Employees China Person / 5571 7276

Total Amount of Hazardous Waste Tonnes 1171.15 1622.23 2961.43 by Region Other Countries and Regions Person / 759 187

Chinese (including Hong Kong

5 In 2025 the Company has recalibrated statistical standards updating historical data on energy consumption water resource usage VOC emissions and Person / 6253 7349Macao and Taiwan)

non-hazardous waste discharge. All updated data is marked with "*".

6 The Company's 2025 greenhouse gas emission data is currently being verified by a third-party institution and the final data shall be subject to the Number of Employees Indian Person / 39 38

third-party verification results. by Nationality

7 For Scope 1 greenhouse gas emissions the accounting standards and methods are based on the Greenhouse Gas Protocol: A Corporate Accounting and German Person / 11 7

Reporting Standard. The calculation formula is: Emissions = Activity Data × Emission Factor (where emission factors and parameters are sourced from the

2006 IPCC Guidelines for National Greenhouse Gas Inventories IPCC Sixth Assessment Report (AR6) 2021 China Energy Statistical Yearbook 2023 etc.). Other Nationalities Person / 27 69

8 For Scope 2 greenhouse gas emissions the accounting standards and methods are based on the Greenhouse Gas Protocol: A Corporate Accounting and

Reporting Standard. The calculation formula is: Emissions = Activity Data × Emission Factor (where emission factors and parameters are sourced from the

2023 National Average Carbon Dioxide Emission Factor for Electricity Annual Development Research Report on Building Energy Efficiency in China 2023 9

(Special Topic on Urban Energy Systems) Greenhouse Gas Emission Accounting Methods and Reporting Guidelines for Enterprises in Other Industrial In 2025 the Company optimized and adjusted the statistical boundary for packaging material usage. Therefore the 2024 data will no longer be presented

Sectors (Trial) 2015 Edition etc.). separately under the original scope.10 Data related to employee performance includes regular employees and dispatched workers.

79 80Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Social Performance Social Performance

Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025

Newly Recruited Employees Number of Forced Labor Incidents Case 0 0 0

Total number of new employees Person 2346 2380 3242 Number of Harassment Incidents Case 0 0 0

Percentage of internal recruitment11 % / 14.30 20.00 Number of Discrimination Incidents Case 0 0 0

Number of Number of Male Employees Person 2124 2168 3004 Percentage of Workplaces Reviewed for Human Rights Risks or Assessed for % 100 100 100

Employees by Gender Number of Female Employees Person 222 212 238 Human Rights Impact

Total Number of Employees Aged 30 and below Person 1224 1075 1557 Formal Employee Labor Contract Signing Rate % 100 100 100Number of

Employees Total Number of Employees Aged 30 to 50 Person 1109 1293 1683 Formal Employee Social Insurance Coverage Rate % 100 100 100

Categorized by Age Total Number of Employees Aged 50 and above Person 13 12 2 Employee Satisfaction Survey Score Point / 84.7/100 81.1/100

China Person 2270 2103 3167 Percentage of Employees Who are "Very Engaged/Satisfied" % / 73.65 73.90Number of

Employees by Region Other Countries and Regions Person 76 277 75 Percentage of Employees Covered by Formally Elected Employee Representa- % / 100 100

tives or Collective Agreements

Employee Turnover Rate12

Employee Training13

Total Turnover Rate % 27.27 25.62 37.83

Training Coverage % 100 100 88.2

Voluntary Turnover Rate % / 23.82 35.75

Training Hours Hour 600191 826552 253353

Employee Turnover Male % 24.70 26.09 38.06 Training Investment RMB 10000 245.20 410.55 900.10

Rate by Gender Female % 2.57 20.55 35.33

Average Training Hours of Average Training Hours for Male Employees Hour 104.8 83.6 38.8

Employee Turnover China % 27.25 27.96 38.33

Employees by Gender Average Training Hours for Female Employees Hour 106.0 86.7 35.2

Rate by Region Average Training Hours for Senior Management Hour 102.1 94.4 74.0

Other Countries and Regions % 0.02 2.32 9.22 Average Training Hours of

Average Training Hours for Middle Management Hour 103.2 93.2 56.3

Workforce Diversity Employees by Position

Average Training Hours for Junior staff Hour 105.3 82.4 36.8

Number of Employees with Disabilities Hired Person 46 58 81

Percentage of Employees Receiving Skill Training % / 100 100

Percentage of Female Employees in Senior Management % 1.85 4.23 5.06

Occupational Health and Safety

Percentage of Female Employees in Management % / 1.42 8.95

Incidents

Percentage of Female Managers in Revenue Generating Departments % / 10.47 7.06 Lost time injury frequency rate (LTIFR) per million / 0.31 0.26

Percentage of Female Employees in STEM Departments % / 13.94 5.66 working hours

Percentage of Minority Groups and/or Disadvantaged Groups Senior Managers % / 11.27 10.13 Number of Work-Related Injuries Time 3 4 4

Employee Performance and Compensation Number of Days Lost due to Injuries Day 414.0 334.5 282.0

Unadjusted Average Gender Pay Gap (Percentage of Average Total Hourly

% 94.41 101.47 104.84 Number of Work-Related Fatalities Person 0 0 0

Wage of Female Employees to Average Total Hourly Wage of Male Employees)

New Cases of Occupational Diseases Case 0 0 0

Percentage Of Employees Receiving Regular Performance and Career Devel-

%/100100

opment Reviews Percentage of Workplaces Assessed for Employee Health and Safety Risk % 100 100 100

Percentage of the Annual Total Remuneration of the Highest Paid Person to Percentage of Production and Operation Sites that have Obtained ISO 45001

%/61983987%100100100

the Median Remuneration of Other Employees Certification

Labor Management and Rights Charity and Public Welfare

Number of Child Labor Incidents Case 0 0 0 Total Amount of Charitable Donations RMB 10000 6.0 32.8 61.0

11 Internal Recruitment Position Ratio = (Number of Positions Filled via Internal Competition / Total Positions Posted in the Year) × 100% 13 In 2025 the Company optimized the statistical methodology for employee training-related data and excluded data of separated employees from the

12 Employee Turnover Rate = (Number of Employees Who Left / (Number of Employees Who Left + Number of Employees at Year-End)) × 100% calculation scope. As a result the employee training coverage rate and average training hours recorded a decline compared with the 2024 figures.

81 82Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Governance and Economic Performance Governance and Economic Performance

Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025

Operating Performance Percentage of Purchasers Who Have Undergone Sustainable Procure-

%100100100

ment Training

Total Assets RMB hundred million 333.76 414.03 453.72

Percentage of Suppliers Who Have Undergone Sustainable Procurement

Operating Revenue RMB hundred million 149.39 177.92 273.80 % / 100 68Training (Calculated Based on Procurement Expenditure)

Net Profit Attributable to the Parent Company RMB hundred million 20.07 18.12 7.12 Percentage of Suppliers Who Have Obtained Information on Conflict

%/8696

Innovation Research and Development Minerals (Calculated Based on Procurement Expenditure)

R&D Investment RMB hundred million 8.72 7.77 8.07 Proportion of Suppliers Certified with ISO 9001 % / 100 92

Percentage of R&D Investment to Operating Revenue % 5.83 4.37 2.95 Product Responsibility

Number of R&D Personnel Person 853 752 835 Number of Customer Complaints Items 49 362 491

Percentage of R&D Personnel % 14.91 11.88 11.19

Customer Complaint Handling Rate % 100.00 99.70 93.27

Total Number of Patents Obtained Items 796 905 1013

Number of Product Recall Events Due to Quality Issues Case 0 0 0

Number of Innovation Patents Items 207 240 286

Customer Satisfaction (Percentage Basis) Points 95.70 96.70 93.80

Number of Utility Model Patents Items 584 655 716

Number of Design Patents Items 5 10 11 Business Ethics

Number of Software Copyrights Items 215 295 343 Percentage of Employees Who Have Received Training in Business Ethics % 22.40 100.00 100.00

Supply Chain14 Number of Complaints Received and Filed Case 6 3 3

Number of Tier 1 Suppliers # 255 248 281 Percentage of Operational Sites that Have Undergone Internal Audits/

%100100100

- Number of Key Suppliers15 # / 121 19 Risk Assessments for Business Ethics Issues

- Number of Diversified Suppliers # / 25 11 Number of Lawsuits or Significant Administrative Penalties Resulting

Case / 0 0

Percentage of Procurement Amount from Key Suppliers % / 67.10 54.40 from the Company's Unfair Competition Practices

Percentage of Suppliers that Have Undergone CSR Assessment (Including Monetary Amount Involved in Lawsuits or Significant Administrative Pen-

Self-Assessment Questionnaire and On-Site Audit) Based on Procure- % / 80 97 RMB / 0 0alties Resulting from the Company's Unfair Competition Practices

ment Expenditure

Percentage of Suppliers that Have Undergone On-Site CSR Audit Based Percentage of Newly Identified Risky Trading Partners Covered by the

%/7845%/100100

on Procurement Expenditure16 Due Diligence Process for Corruption and Information Security

Number of Suppliers Eliminated for Failing CSR Assessment # / 0 0 Corporate Governance

Percentage of Suppliers that Have Signed the Supplier Code of Conduct % 92.00 98.80 100.00 Number of Board Members Person 7 9 8

Percentage of Suppliers Who Have Signed the Procurement Framework

%/98.80100.00

Agreement (Including Business Ethics Requirements) Number of Independent Directors Person 3 3 3

Percentage of Suppliers Who Have Signed Contracts Containing Clauses

%/98.80100.00

on Environmental Labor And Human Rights Requirements Number of Female Directors Person 1 1 1

14 Supply Chain Performance Data: Only covers production (material) suppliers.

15 In 2025 due to adjustments to the classification standards and definitions of strategic suppliers (see Section 5.3.1 Supply Chain Management for details)

the relevant figures decreased compared to 2024.

16 In 2025 due to the optimization of the supplier corporate social responsibility (CSR) assessment mechanism and processes which led to adjustments in

evaluation criteria and requirements the proportion of suppliers that underwent on-site CSR reviews decreased compared to 2024.

83 84Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Index of Indicators GRI Standards Index

Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies— Instructions for Use : SANY Renewable Energy reported the information referenced in this GRI content index according to GRI stand-

Sustainability Report (Trial) ards from January 1 2025 to December 31 2025.GRI Used: GRI 1 Foundations 2021

Page

Dimension Topic Requirements Corresponding Important Topics Corresponding Sections DisclosureIssue/ Page

Number Disclosure Item Chapter IndexItems Number

Climate Change Tackling Climate Change Response Climate Change Response P37-41Clean Technology Opportunities Key Performance P79 GRI 2: General Disclosures

Pollutant Discharge

Emissions and Waste Management Environmental Compliance Management P43-44 2-1 Organization details About SANY Renewable Energy P05

Waste Disposal Key Performance P79-80

Ecosystem and Biodiversity 2-2 Entities included in the organization's sustainability reporting About This Report P01-02

Protection Biodiversity Protection Biodiversity Protection P47-48

Environment 2-3 Reporting period reporting frequency and contact point About This Report P01-02Environmental Compliance Environmental Compliance Management Environmental Compliance Management P42-43Management Key Performance P79 2-5 External assurance Independent Assurance Report P91-92

Energy Usage Energy Management Efficient Resource Utilization P45-46Key Performance P79-80 About SANY Renewable Energy P05

Efficient Resource Utilization P46 2-6 Activities value chain and other business relationshipsUsage of Water Resources Water Resource Management Responsible Supply Chain P75-78Key Performance P79

Circular Economy Product Life Cycle Management Sustainable Product Development P24 Protecting Employee Rights P51

2-7 Employees

Rural Revitalization

Public Welfare and Community Participation Support for Community Co-construction P63-64

Key Performance P80-81

Contributions to the Society Key Performance P82

2-8 Workers who are not employees Occupational Health and Safety P62

Innovation-Driven Research and Development Innovation Sustainable Product Development P23-27Key Performance P83

2-9 Governance structure and composition Efficient Corporate Governance P67-68

Ethics of Science and The Company's main business does not

Technology involve fields such as life sciences and artificial / /intelligence. 2-11 Chair of the highest governing body Efficient Corporate Governance P67

Supply Chain Security Sustainable Supply Chain Responsible Supply Chain P77-78

The Company does not have any instances Role of the highest governance body in overseeing the 2-12 Efficient Corporate Governance P67

of publicly disclosing overdue payments management of impacts

owed to small and medium enterprises

through the national enterprise credit

information public system. 2-13 Delegation of responsibility for managing impacts Efficient Corporate Governance P67

Equal Treatment to

The Company's accounts payable

Society Small and Medium-Sized Sustainable Supply Chain /

Enterprises (including notes payable) at the end of the

2-14 Role of the highest governance body in sustainability reporting Sustainable Development Governance P13

Reporting Period did not exceed 30 billion

yuan and the proportion of total assets did 2-15 Conflict of interest Robust and Compliant Operations P69-72

not exceed 50%. For details please refer to

the "SANY Renewable Energy Co. Ltd. 2025

Annual Report". Sustainable Development Governance P13

Safety and Quality of Product and Service Safety and Quality Lean Quality Management P28-30

2-16 Communication of critical concerns Stakeholder Engagement P14

Products and Services Key Performance P84 Efficient Corporate Governance P67-68

Data Security and Customer

Privacy Protection Data Security and Privacy Protection Robust and Compliant Operations P73-74 Sustainable Development Governance P132-17 Collective knowledge of the highest governance body

Efficient Corporate Governance P67

Equality and Diversity Protecting Employee Rights P51-54

Employees Labor Rights and Human Rights Protection Empowering Employee Development P55-58

2-19 Remuneration policies Protecting Employee Rights P54

Human Capital Development Occupational Health and Safety P59-62

Occupational Health and Safety Key Performance P80-82 2-20 Process to determine remuneration Protecting Employee Rights P54

Due Diligence Robust and Compliant Operations P69-72 2-21 Annual total compensation ratio Key Performance P81

Sustainable Governance

Sustainability- Communications with Stakeholder Engagement P14 2-22 Statement on sustainable development strategy Sustainable Development Vision P11Stakeholders

related

governance Anti-Commercial Bribery

Sustainable Development Vision P11

and Anti-Corruption Business Ethics Robust and Compliant Operations P71-72 2-23 Policy commitments Climate Change Response P37

Anti-Unfair Competition Robust and Compliant Operations P69-74

85 86Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

DisclosureIssue/ Page DisclosureIssue/ Page

Disclosure Item Chapter Index Disclosure Item Chapter Index

Items Number Items Number

Sustainable Development Vision P11-13 GRI 205 Anti-corruption

2-24 Embedding policy commitments Climate Change Response P37-40

Robust and Compliant Operations P69-72 205-1 Operations assessed for risks related to corruption Robust and Compliant Operations P71-72

2-25 Processes to remediate negative impacts Robust and Compliant Operations P71-72 Communication and training about anti-corruption policies

205-2 Robust and Compliant Operations P72

and procedures

Efficient Corporate Governance P67-68

2-26 Mechanisms for seeking advice and raising concerns Protecting Employee Rights P51-52 205-3 Confirmed incidents of corruption and actions taken Robust and Compliant Operations P72

Robust and Compliant Operations P69-72

GRI 206 Anti-competitive behavior

2-27 Compliance with laws and regulations Robust and Compliant Operations P69

Legal actions for anti-competitive behavior anti-trust and mo-

206-1 Robust and Compliant Operations P71

2-28 Membership associations Sustainable Development Vision P11 nopoly practices

2-29 Approach to stakeholder engagement Stakeholder Engagement P14 GRI 301: Materials

2-30 Collective bargaining agreements Protecting Employee Rights P53 301-1 Materials used by weight or volume Sustainable Product Development P23-25

GRI 3: Material Topics GRI 302 Energy

3-1 Process to determine material topics Materiality Assessment P15-16 302-1 Energy consumption within the organization Efficient Resource Utilization P45-46

3-2 List of material topics Materiality Assessment P16 302-4 Reduce energy consumption Efficient Resource Utilization P46

3-3 Management of material topics Materiality Assessment P17-20 302-5 Reductions in energy requirements of products and services Sustainable Product Development P24

GRI 101 Biodiversity GRI 303 Water Resources and Effluents

101-1 Policies to halt and reverse biodiversity loss Biodiversity Protection P47 303-1 Interactions with water as a shared resource Environmental Compliance Management P46

101-2 Management of biodiversity impacts Biodiversity Protection P48 Environmental Compliance Management P46303-3 Water Withdrawal

Key Performance P79

GRI 201 Economic Performance Environmental Compliance Management P46

303-4 Water Discharge

Key Performance P79

201-1 Direct economic value generated and distributed Key Performance P83

303-5 Water Consumption Efficient Resource Utilization P46

Financial implications and other risks and opportunities due

201-2 Climate Change Response P37-39 GRI 305 Emissions

to climate change

Climate Change Response P41

305-1 Direct (Scope 1) GHG emissions

Key Performance P79

201-3 Defined benefit plan obligations and other retirement plans Protecting Employee Rights P54

Climate Change Response P41

305-2 Energy indirect (Scope 2) GHG emissions

GRI 202 Market Performance Key Performance P79

Ratios of standard entry level wage by gender compared to

202-1 Key Performance P81 305-5 Reduction of GHG emissions Climate Change Response P46

local minimum wage

Nitrogen oxides (NOx) sulfur oxides (SOx) and other signifi-

305-7 Key Performance P79

GRI 203 Indirect Economic Impacts cant air emissions

203-1 Infrastructure investments and services supported Supporting Community Development P63-64 GRI 306 Waste

203-2 Significant indirect economic impacts Supporting Community Development P63 306-1 Generation of waste and significant impacts related to waste Environmental Compliance Management P43-44

87 88Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

DisclosureIssue/ Page DisclosureIssue/ Page

Disclosure Item Chapter Index Disclosure Item Chapter Index

Items Number Items Number

306-2 Management of significant impacts related to waste Environmental Compliance Management P43-44 Percentage of employees receiving regular performance and 404-3 Key Performance P82

career development reviews

306-3 Waste generated Key Performance P79-80 GRI 405 Diversity and Equal Opportunity

Efficient Corporate Governance P67

405-1 Diversity of governance bodies and employees

306-4 Waste diverted from disposal Key Performance P80 Protecting Employee Rights P52-53

GRI 406 Anti-Discrimination

306-5 Waste sent to disposal Key Performance P80

406-1 Incidents of discrimination and corrective actions taken Protecting Employee Rights P53-54

GRI 308 Supplier Environmental Assessment

GRI 408 Child Labor

308-1 New suppliers that were screened using environmental criteria Responsible Supply Chain P75

Operations and suppliers at significant risk for incidents of child Protecting Employee Rights P52

Negative environmental impacts in the supply chain and ac- 408-1

308-2 Responsible Supply Chain P77 labor Responsible Supply Chain P77

tions taken

GRI 409 Forced or Compulsory Labor

GRI 401 Employment

Operations and suppliers at significant risk for incidents of Protecting Employee Rights P52

401-1 New employee hires and employee turnover Key Performance P81 409-1 forced Responsible Supply Chain P77

Benefits provided to full-time employees that are not provided

401-2 Protecting Employee Rights P54 or compulsory labor

to temporary or part-time employees

Not applicable operational activities do not

GRI 403 Occupational Health and Safety 411-1 Incidents of violations involving rights of indigenous peoples involve violations of Indigenous Peoples' /

403-1 Occupational health and safety management system Occupational Health and Safety P59 rights

Hazard identification risk assessment and incident investiga- GRI 413 Local Communities

403-2 Occupational Health and Safety P60

tion

Operations with local community engagement impact assess-

413-1 Supporting Community Development P63-64

403-3 Occupational health services Occupational Health and Safety P60-62 ments and development programs

Worker participation consultation and communication on Operations with significant actual and potential negative im-

403-4 Occupational Health and Safety P59 413-2 Supporting Community Development P63-64

occupational health and safety pacts on local communities

403-5 Worker training on occupational health and safety Occupational Health and Safety P62 GRI 414 Supplier Social Assessment

403-6 Promotion of worker health Occupational Health and Safety P60-62

414-1 New suppliers that were screened using social criteria Responsible Supply Chain P75

Prevention and mitigation of occupational health and safety

403-7 Occupational Health and Safety P60-62

impacts directly linked by business relationships 414-2 Negative social impacts in the supply chain and actions taken Responsible Supply Chain P77

Workers covered by an occupational health and safety man- GRI 415 Public Policy

403-8 Occupational Health and Safety P59

agement system

415-1 Political contributions Not applicable /

Occupational Health and Safety P59

403-9 Work-related injuries

Key Performance P82 GRI 417 Marketing and Labeling

Occupational Health and Safety P59 417-1 Requirements for product and service information and labeling Smart Wind Farm Operations P34

403-10 Work-related ill health

Key Performance P82

Incidents of non-compliance concerning marketing communica-

417-3 Smart Wind Farm Operations P34

tions

GRI 404 Training and Education

404-1 Average hours of training per year per employee Key Performance P82 GRI 418 Customer Privacy

Programs for upgrading employee skills and transition assis- Substantiated complaints concerning breaches of customer pri-

404-2 Empowering Employee Development P55-57 418-1 Robust and Compliant Operations P74

tance programs vacy and losses of customer data

89 90Overview Sustainable Development Forging Ahead with Innovation Green Low-Carbon and People-Oriented Uniting Upholding Integrity Management Succeeding with Quality Eco-Friendly for Progress and Principles Appendix

Independent Third-Party Assurance Report

9192