CONTENTS Practicing Sound Gover- Empowering Innovation Appendix
nance Building a New Co-Building a New Indus-
Governance Structure trial Ecosystem Key Performance Form 72
Indexes 83
Improving the Governance System 18 Innovation-Driven Development 41
Foreword 02 Feedback Form 85
Adhering to Compliance Operation 20 Supply Chain Security 47
About the Report 02 Protection of Investors? Rights and Interests 21 Safety and Quality of Products and Services 51
Message from the Chairman 03 Adherence to Business Ethics 23 Data Security and Privacy Protection 58
About MACMIC 04
Company Profile 04 Pursuing Low-Carbon Standing United
Performance in 2025 09
Practices to Safeguard Fulfilling the New Era
Our Green Home Mission
Sustainable Develop- 10 Addressing Climate Change 26 Protection of Employees? Rights and Interests 61
ment Governance Environmental Management 31 Employee Training and Development 64
Resource Management 35 Occupational Health and Safety 67
Goals and Vision 10
Protection of Ecosystem and Biodiversity 39 Rural Revitalization and Social Contribution 71
Sustainable Development 11
Management
Stakeholder Engagement 13
Materiality Topic Management 14
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Foreword
About the Report
The report is the 2025 Environmental Social and Governance (ESG) report (hereinafter referred to as the "ESG Report") released by MacMic Science & Technology Co. Ltd. Based on the principles of objectivity standardization
transparency and comprehensiveness this report provides a detailed disclosure of the practical measures and achievements taken by MACMIC and its subsidiaries and branches in the areas of environmental social and
governance in 2025.Reporting Scope Data Sources
Reporting Period: This report covers the period from January 1 2025 to December 31 2025(hereinafter The data in this report are sourced from the Company?s official documents audited financial
referred to as the "Reporting Period"). To improve the comparability and completeness of this report some statements and other materials have been reviewed by responsible departments. Financial data are
statements and data pertain to previous or future years where applicable. derived from the Company?s annual report 2025. Unless otherwise specified all monetary amounts
mentioned in this report are denominated in RMB.Scope of Organization: This report primarily focuses on MacMic Science & Technology Co. Ltd. including its
subsidiaries and branches. Unless otherwise specified the scope of the report is consistent with that of the
Company?s annual report. Definition of Terms
For clarity and consistency the terms used in this report are defined as follows:
Release Cycle Terms Full Name of the Company
The ESG Report is released on an annual basis. MACMIC the Company or we MacMic Science & Technology Co. Ltd.Core Energy Changzhou Core Energy Semiconductor Co. Ltd.Preparation Basis
MacMic Ai-SEMI Shanghai MacMic Ai Semiconductor Co. Ltd.Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-Sustainability
Report (Trial)
Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 1 - Standardized Report Access and Feedback
Operation
China Enterprise Reform and Development Society Guide to Corporate Sustainability Reporting in China(- The Company warrants that this report contains no false records misleading statements or material
CASS-ESG 6.0) omissions and shall be responsible for the truthfulness accuracy and completeness of its content.Task Force on Climate-related Financial Disclosures (TCFD) Recommendations This report is published in both Simplified Chinese and English. The Simplified Chinese version shall
Sustainability Accounting Standards Board (SASB) Standards prevail in the event of any discrepancies between the two versions.Sustainable Development Goals (SDGs) of the United Nations The report can be viewed and downloaded on the official website of the Shanghai Stock Exchange
Sustainability Reporting Standards of the Global Reporting Initiative (GRI Standards) (www.sse.com.cn) and the Company?s official website (www.macmicst.com).
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Message from the Chairman
Uphold integrity and act steadfastly to consolidate Empower through technology to co-create industrial Looking ahead the Company will continue
the governance foundation. value. to uphold the philosophy of "Custom-
er-Centric Innovation-Driven Talent-Ori-
The Company has improved its ESG governance The Company has long been engaged in the power
ented". With firmer steps it will join hands
system and refined the ESG Management System. semiconductor sector focusing on the design and
with every fellow traveler to embark on a
It has strengthened the full-process mechanism development of IGBT FRD SiC and GaN chips and
new journey of sustainable development.featuring strategic decision-making by the board modules. It continues to increase R&D investment to
of directors research and guidance by special improve product efficiency and reliability providing
committees overall coordination by the leading stable and high-quality product support to upstream
group and implementation by the executive team and downstream enterprises in the industrial chain. Chairman of MACMIC
so as to promote standardized and regular ESG Meanwhile the Company improves supply chain Zhao Shanqi
practices. Adhering to the bottom line of compliant management encourages suppliers to adopt sustain-
operations strict business ethics and transparent able development principles and builds a green
information disclosure the Company effectively stable and coordinated industrial chain ecosystem
protects the legitimate rights and interests of achieving win-win value creation with industrial
investors and underpins the high-quality develop- partners.ment of the enterprise with sound governance.Unite in pursuit of dreams to give back to society with
Practice low-carbon development to draw an care.ecological blueprint.The Company adheres to a talent-oriented philosophy.The Company integrates low-carbon concepts It improves employee rights protection ensures equal
throughout its entire production and operation pay for equal work and optimizes compensation and
process to support the achievement of "Carbon benefits. A variety of cultural and sports activities are
Peaking and Carbon Neutrality" goals. We promote also organized helping to continuously enhance
green product design leveraging the wide employees' sense of belonging and happiness. The
bandgap low loss high frequency and high Company has established a sound talent development
In 2025 the power semiconductor industry saw a steady
efficiency characteristics of SiC materials to system providing growth pathways for talents at
recovery in business sentiment. Global investment in
improve energy conversion efficiency in end different positions and stages. The goal is to build a
intelligent computing ramped up and the new energy
systems reduce power consumption and help high-quality professional workforce so that the
sector continued to upgrade. Seizing these market
downstream sectors save energy and reduce Company and its employees can move forward
opportunities MACMIC stayed true to its original
carbon emissions. Meanwhile the Company together. At the same time the Company actively
mission: "Empowering industrial revolutions with green
optimizes its energy mix by building photovoltaic fulfills its corporate social responsibilities and is
technologies and leading future development through
power stations and purchasing green certificates passionate about public welfare. It participates in
low-carbon innovation." The Company achieved mutual
to expand the use of clean energy and lower its charitable activities such as the "A Carton of Milk
empowerment and coordinated progress between its
own carbon emissions. Walking Challenge" spreading the Company's warmth
business operations and ESG initiatives.to the community.
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About MACMIC
Company Profile
Founded in 2006 and headquartered in Changzhou Jiangsu Province MacMic Science & Technology Co. Ltd. (hereinafter referred to as: MACMIC) was successfully listed on the Science and Technology Innovation Board (STAR
Market) of the Shanghai Stock Exchange (Stock Code: 688711.SH) in 2021 and is one of the leading companies in the domestic power semiconductor device industry. With deep roots in the power semiconductor device sector
MACMIC always adheres to its core philosophy of "Customer-Centric Innovation-Driven Talent-Oriented". Committed to independent innovation and R&D the Company focuses on the design R&D and production of FRD
MOSFET IGBT SiC discrete devices and modules. It strives to build a nationally renowned power semiconductor brand with technological leadership and international influence injecting core momentum into the development
of the industry.Engineering Technology Research
Center for New High-Frequency Power
National Green Factory National High-Tech Industrialization Provincial Enterprise Technology Center
Demonstration Base Semiconductor Devices of Jiangsu
Province
National Postdoctoral Research Station Leading Unit for National IGBT & National Key High-tech Enterprise National Intellectual Property
FRD Standard Formulation Certification Advantageous Enterprise
National "Little Giant" Enterprise Jiangsu New Power Semiconductor
(Specialized Refined Distinctive National Green Supply Chain Enterprise CNAS Laboratory Accreditation Device Engineering Research Center
Innovative) Certification
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Business Layout
The Company?s main business covers the design R&D production and sales of power semiconductor chips discrete devices and modules. Its primary products include IGBT FRD SiC GaN chips discrete devices modules and
other power semiconductor devices. The Company?s self-developed IGBT FRD and SiC chip technologies have reached internationally advanced and domestically leading levels?breaking foreign monopolies and filling many
domestic technological gaps. In its main business all discrete devices use self-developed chips. Modules are mainly based on self-developed chips supplemented by outsourced chips. The Company?s products are applied in a
wide range of fields including industrial control (such as frequency converters servo motors UPS and various switching power suppliesetc.) renewable energy generation (photovoltaic inverters wind power converters and
power quality managementetc.) electric vehicles (electronic control systems charging piles OBC and DC power suppliesetc.) as well as household appliances. The performance and process technology of the Company?s
products are at an advanced level in the industry.Chips Applications
IGBT/ SiC/ GaN/ MOS/ FRD
Industrial Control Electric Vehicles New Energy Household
Power Generation Appliances
Targeting diverse The Company Leveraging its The Company's
industries such as provides highly advanced power power semiconduc-
frequency efficient and reliable semiconductor tor products deliver
converters welding automotive-grade devices the more stable and
machines and UPS power modulesen- Company helps new efficient power
MACMIC offers abling new energy energy power transmission and
power device vehicles to achieve generation systems control for
solutions across higher energy improve energy household
multiple series utilization and conversion efficiency appliances
including IGBT FRD longer driving range. and achieve enhancing user
and MOSFET. sustainable experience and
MACMIC utilization of clean energy efficiency.Product energy.Families
Discrete Devices Power Modules
IGBT/ SiC/ GaN/ MOS/ FRD IGBT / MOS / FRD / SiC/ Rectifier Custom-
Discrete Devices er-specific modules
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Development Strategy Corporate Culture
Corporate Corporate
Mission Vision
Enhancing Power Starting from the Corporate Spirit
Efficiency and Core Driving the
Improving Power Future Great Ambitions are Achieved
Quality through Attention to the
Smallest Details
Strategic Initiatives
Forward Product & Lean &
Looking Service Intelligent
Talent
Operations AggregationEvolution
One core two wings Delivering well-de- Driven by the dual Upholding the value
and shared prosperity fined products to engines of "AI orientation of "Value
of the ecosystem. We create value for empowerment + lean Symbiosis Striver-
take silicon-based customers. Adhering management" we Oriented." we boldly
IGBT and FRD core to the core principles uphold the operation empower young Corporate Purpose Management Policy
products as the "One of meeting customer philosophy that people to revitalize
To Become an Expert in
Core" main business needs addressing "operation takes the organization Customer-Centric
Providing Power
to consolidate our customer pain points precedence over implement the talent Innovation-Driven
Semiconductor Device
foundationand enabling rapid management with strategy that evolves Talent-Oriented
Solutions
regard third-genera- response and quality as the priority from simple
tion semiconductors iteration and creating technology as the employment to value
such as SiC and GaN value for clients we core and cost as the symbiosis share the
as the growth have upgraded our guideline". We dividends of
engines of the "Two focus from "leading continuously upgrade corporate develop-
Wings" achieving technical specifica- the intelligent level of ment and unleash
rapid expansion and tions" to "realizing production and fully the creativity of
seizing commanding customer value leverage digitalization talents.heights in emerging acquisition" to build a flexible
sectors. delivery system.
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Milestones in 2025
January August
MACMIC and Hua Hong Grace have officially MACMIC and HHMAX-ENERGY (Chengdu) Tech-
signed a five-year Strategic Cooperation nology Co. Ltd. officially signed a strategic coop-
Memorandum of Understanding to further eration agreement in Chengdu Sichuan Province.strengthen their strategic partnership for The two parties will jointly promote in-depth
sustainable development. Going forward the cooperation on power semiconductor devices
two parties will engage in in-depth coopera- used in several key power supply systems includ-
tion around core products such as IGBT and ing the background magnetic field power supply system the forming zone pulse power
FRD to enhance product competitiveness. supply system the acceleration zone pulse power supply system the colliding compression
zone pulse power supply system (including main capacitor charging and energy recovery
circuit) the neutral beam injection power supply system the auxiliary heating power supply
system and the power transmission transformation and grid connection system.June
MACMIC and the Energy Institute of Hefei December
Comprehensive National Science Center
held a signing and unveiling ceremony for Cui Song CTO of MACMIC and General Manager of MacMic Ai-SEMI delivered a themed
the "Joint Laboratory for Power Device Reli- report entitled GaN Devices Empowering the Development of Humanoid Robot Joint Motors
ability Evaluation Methods and Lifetime at the 2025 Hi-Tech Talk Third-Generation Semiconductor Annual Conference - SiC & GaN
Prediction" at the Smart Power Center. This Industry Summit Forum. He elaborated on the key role of GaN devices in improving the
collaboration will further deepen indus- response speed energy efficiency and power density of robot joint motors.try-university-research collaborative innova-
tion driving technological innovation and
industrial upgrading.July
MACMIC and Huairou Laboratory officially
signed the Silicon Carbide Technology and
Results Transfer Cooperation Agreement at
the 2025 Yanqi Energy Forum. The two
parties will focus on the application of SiC
chips devices and modules in the national
energy sector. Together they are committed
to driving China?s wide-bandgap power
semiconductor devices toward high-level
self-reliance and self-improvement.
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Honors
MACMIC Won the 2024 Outstanding Contribution Award MACMIC Won the 2025 National Green Factory MACMIC Honored as The 7th " Hidden Champions of Ministry of Industry and Information Technology of the People's
Shanghai Hua Hong Grace Semiconductor Manufacturing Co. Ltd. Made in China " Award
Republic of China Chinese Management Journal
MACMIC Won the Automotive-Grade Excellence Award in the MacMic Ai-SEMI Won the 2025 Excellent Product Award – 650V Enhancement-Mode GaN HEMT
Domestic Power Device Industry
21Dianyuan Hi-Tech Talk Third Generation Semiconductors
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Performance in 2025
Economic Performance
Operating Revenue Net Profit Attributable to Shareholders of Total Assets Total Taxes Paid
the Listed Company
RMB1347.71million RMB17.11million RMB2666.09million RMB7.83million
Governance Performance
Number of Shareholders? Meetings Held Number of Board of Directors Meetings Held E-Interactive Inquiry Response Rate Employee Integrity Agreement Signing Rate
212100%100%
Environmental Performance
Environmental Investment Pollutant Monitoring Compliance Rate Photovoltaic Power Generation Percentage of Renewable Energy in Total
Energy Consumption
RMB1.08million 100% 2266737kWh 7.55%
Total GHG Emissions (Scopes 1 and 2) Total Water Consumption Total Water Recycled and Reused
15677.76tCO2e 215682tons 28.38%
Social Performance
Total Number of Employees Total Training Hours Employee Satisfaction Labor Contract Signing Rate Investment in R&D
1175people 37281.70hours 95.95% 100% RMB115.36million
Number of R&D Personnel Total Number of Authorized Patents Total Investment in Work Safety Total Hours of Safety Training
220people 148items RMB5.68million 10804.50hours
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Sustainable Development Governance
Goals and Vision
MACMIC upholds the ESG vision of "Connecting the World with Chips Shaping a Green Future" and fully fulfills its mission of sustainable development. It has built a clear sustainable development goal system across the three
dimensions of environmental social and governance. At the same time the Company actively aligns with the United Nations 2030 Sustainable Development Goals (SDGs). It translates these goals into actionable practices and
drives deep integration of SDGs requirements into its production and operations.Focus Area Corresponding Section 2025 Initiatives of MACMIC SDGs Responded
Practicing Sound The Company continuously optimizes its governance system and strictly adheres to the red line of information disclosure.Governance It keeps communication channels open for investors and improves the long-term shareholder return mechanism. This
Corporate Building a New effectively protects the legitimate rights and interests of all shareholders. At the same time the Company strengthens
Governance Governance risk and internal control management and deepens the culture of integrity. With high-standard governance practices it
Structure safeguards the Company's high-quality and sustainable development.The Company proactively addresses the challenges of climate change. It carries out energy-saving and carbon-reduction
Pursuing projects such as photovoltaic construction and green electricity procurement. The Company continues to increase the
Low-Carbon share of clean energy in its energy mix and promotes carbon reduction across the entire product lifecycle. It improves its
Environmental
Practices to environmental management system to ensure compliance with pollutant discharge standards carries out refined
Protection
Safeguard Our management of energy and water resources establishes recycling mechanisms for raw materials and packaging
Green Home materials and continuously enhances resource utilization efficiency. It also upholds its responsibility for ecological
protection minimizing the impact of its production and operations on the surrounding ecological environment.The Company focuses deeply on its core business of power semiconductors. It drives continuous R&D and innovation to
Empowering tackle core technologies and empower industrial upgrading. Through high-resilience supply chain management it
Innovation promotes sustainable development across the industry chain. A full-process product quality management system
Co-Building a strengthens the Company?s core competitiveness. End-to-end service guarantees the legitimate rights and interests of
New Industrial customers. Systematic information security and privacy protection measures strictly safeguard key data. Together with
Ecosystem upstream and downstream partners the Company strives for collaborative win-win outcomes and high-quality
development.Social
Responsibility
The Company strengthens its management of occupational health and workplace safety improves its remuneration
welfare and democratic management mechanisms and establishes a comprehensive training and development system
Standing United
for employees at all levels. It opens up clear career promotion paths safeguards employees? legitimate rights and
Fulfilling the
interests and supports the mutual growth of employees and the enterprise. Meanwhile the Company actively fulfills its
New Era Mission
social responsibilities steadily advances rural revitalization initiatives carries out public welfare and charitable activities
on a regular basis and takes an active part in the Belt and Road Initiative continuously enhancing its social value.
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Sustainable Development Management
Governance Structure
The Company deeply embeds the concept of sustainable development into its overall governance structure. It has formulated an ESG Management System and established a four-level governance framework: Board of Directors
- Strategy Committee-ESG Leading Group-ESG Working Group. These bodies are responsible for leadership and decision-making research and guidance assurance and support and operational implementation respectively. The
Company fully considers ESG-related factors in its major decision-making processes consolidating the governance foundation for sustainable development.Leadership and Decision-Making Research and Guidance Assurance and Professional Support Execution
Board of Directors Strategy Committee ESG Leading Group ESG Working Group
(With the General Manager as the Group Leader (With the Board Secretary as the Group
and the Deputy General Manager as the Deputy Leader and the Company?s departments
Group Leader) and subsidiaries as the executing units of
ESG efforts)
* Review and approve the ESG development * Conduct research on the Company?s ESG objec- * Implement the Company?s ESG development * Perform the daily management of ESG
strategy and goals material topics manage- tives strategic planning governance structure strategy and goals organize and arrange for efforts in accordance with the Compa-
ment structure management systems etc.; management system and other matters and each executing unit to implement ESG efforts; ny?s ESG development strategy and
* Approve the ESG report of the Company; propose recommendations to the Board of Direc- * Responsible for drafting ESG system documents goals report implementation progress
* Approve other important ESG-related tors on related work; related topics phase work plans and implemen- on a regular basis and submit ESG
matters. * Identify ESG-related risks and opportunities that tation schemes etc.; information timely.significantly impact the Company?s business and * Responsible for collecting and compiling the
guide the management in taking appropriate Company?s ESG information preparing ESG
measures to respond to ESG risks and opportuni- reports and related documents;
ties; * Organize ESG related training and track the
* Drive and monitor progress towards ESG objec- requirements and trends of the ESG policy;
tives and advise on actions needed to improve * Summarize issues and achievements in ESG
performance; efforts report them to the Strategy Committee
* Review the Company?s ESG-related disclosure and propose reasonable suggestions.documents including but not limited to the
Annual ESG Report;
* Handle other matters authorized by the Board of
Directors.
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ESG Risk Management ESG Assessment Mechanism
MACMIC integrates the management of ESG risks and opportunities into its internal governance MACMIC has established an ESG assessment mechanism. The Company incorporates multi-di-
and oversight system and it has formulated the ESG Risk Management System and established mensional ESG key performance indicators-such as energy conservation emission reduction and
standardized procedures for risk and opportunity management. The Company clarifies responsi- compliance operations-into the performance assessment system for both senior management
bilities at all levels with the Board of Directors as the supreme decision-making body which and employees. These indicators are linked to compensation to strengthen management and
bears ultimate responsibility for the effectiveness of ESG risk and opportunity management. execution motivation. In addition the Company dynamically optimizes the assessment criteria
based on its business development. This ensures that ESG principles are embedded throughout
The Company refers to the ISSB IFRS S1 and S2 standards as well as domestic regulatory
the entire business management process and promotes the implementation of sustainable
guidelines. Taking into account its own operations and industry characteristics it regularly
development goals.identifies and assesses risks such as climate change product quality and supply chain disrup-
tions. For each identified risk the Company develops specific mitigation measures and contin-
gency plans and conducts dynamic monitoring. At the same time the Company incorporates ESG
risk management into its regular reporting system. This ensures that the Board of Directors and
senior management are kept informed in a timely manner.ESG Capacity Building
MACMIC strengthens its ESG capacity building. The Company regularly provides ESG training for
its directors senior executives and all employees. In 2025 the Company invited external experts
ESG Due Diligence to systematically explain core ESG knowledge and the latest policy updates. The experts also
reviewed existing ESG efforts and identified directions for future improvement. This effectively
MACMIC places great emphasis on ESG risk management. In areas such as investment coopera- enhanced the professional competence of all staff and provided support for the subsequent
tion supply chain management and major business decisions it actively conducts ESG due implementation of ESG initiatives. During the Reporting Period the Company conducted a total
diligence. This involves a comprehensive assessment of potential risks related to environmental of 3 ESG training sessions.compliance labor rights occupational health and safety and anti-corruption. By standardizing
due diligence procedures and strengthening risk screening as well as follow-up corrective
actions the Company continuously enhances its ESG risk management capabilities across the
entire value chain. It also encourages stakeholders to jointly practice sustainable development
ensuring that its operations remain stable and compliant and supporting the Company?s
long-term high-quality development.ESG Training for Executives
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Stakeholder Engagement
MACMIC has established a Stakeholder Communication System and built diverse communication channels. The Company promptly responds to the reasonable demands of stakeholders and shares its development updates. This
promotes collaborative progress and value co-creation between the Company and all parties.Stakeholder Communication Channel Expectation and Demand Our Response
* Ensuring Safe Production * Employee Care Activities
* Employees' Congress * Occupational Health and Safety * Improving the Compensation * Providing Diversified Training
Employees * Trade Union * Protecting Employees' Legitimate Rights and Interests and Benefits System Programs
* Face-to-Face Communication * Employee Training and Development * Establishing Democratic * Ensuring Smooth Career
* Communication Mechanisms Advancement Channels
* Improving the Customer
* Protection of Customer Rights and Interests * Information Security Manage-
* Customer Service Hotline Service System
Customers * Product Safety and Quality
ment
* Customer Satisfaction Survey * Strengthening Quality
* Information Security and Privacy Protection * Establishing a Business Management
Continuity Management System
* Hazardous Substances Control
* Shareholders' Meeting * Roadshows and * Sustained and Stable Operation * Information Transparency * Compliant Operation * Transparent Information Disclosure
Shareholders * e-Interaction Counter Roadshows * Corporate Governance * Risk Management * Stable Cash Dividends
* Continuously Optimizing the
* Report Disclosure * Media Coverage * Protection of Shareholders' * Sustainable Development * Investor Relations Sustainable Development
* Investor Hotline * Performance Briefing Rights and Interests Governance Mechanism Management Governance System
* Supply Chain Security and Sustainability * Promoting Transparent
* Supplier Training
Suppliers * Phone Calls and
* Holding Annual Supplier
* Supply Chain Management Procurement
* Business Visits Emails Conference* Integrity-Based Cooperation * Supplier Communication
* Actively Participating in
Industry Associations / * Industry Conferences * Research & Innovation * Clean Technology Industry Exchange Activities * Industry-University-Research
Research Institutions * Exhibitions * Industry Responsibility Opportunities * Participating in Industry Collaboration
Standard Setting
* Charitable Donations * Social Contribution * Carrying out Public Welfare Activities
Charitable/ Community * Exchanges and Mutual * Pollutant Emissions* Joint Events * Environmental Compliance * Energy Saving and Consumption Reduction Initiatives
Organizations Visits Management * Waste Management * Pollution Control
* Media Interviews * Addressing Climate Change
* Corporate Governance * Performance and Economic
* Media Interviews Results * Promoting Compliance Management
Media * Anti-Bribery and Anti-Cor-
* Questionnaires ruption * Fulfillment of Social Responsi-
* Timely Disclosure of Performance Information and Sustainable
Development Practices
* Anti-Unfair Competition bility
* Information
* Environmental Protection * Adhering to Green
Government/ Supervisory Disclosure * Phone Calls and * Anti-Unfair Competition * Accepting SupervisionOperations
Authorities * Regulatory Emails
* Anti-Bribery and Anti-Cor-
* Tax Compliance * Paying Taxes on Time and in Full
ruption * Practicing Business EthicsAssessment
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Materiality Topic Management
The Company fully references the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 14 - Sustainability Report (Trial) (hereinafter referred to as the Guidelines) while closely considering the
characteristics of the industry in which it operates and the actual situation of the Company?s operations. It comprehensively assesses the Company?s performance on various relevant topics determining whether they have a
significant impact on the economy society and the environment (i.e. impact materiality) while also considering whether each topic significantly affects the Company?s business model business operations development strategy
financial condition cash flow financing methods and costs and value chain (i.e. financial materiality). By considering this dual materiality and also referring to relevant requirements of international mainstream sustainability
reporting standards a materiality analysis is conducted on the topics within the Company?s topic database. The specific implementation steps are as follows:
Step 1: Understand the Company Context
Step 3: Carry out Materiality Assessment
Analyze the macro environment based on global megatrends and China?s industrial development Impact Materiality Assessment
trends the industry and the Company?s business model to identify the Company?s stakeholders and
We identified the potential or actual positive and negative impacts of each topic on the external environ-
the impacts risks and opportunities it faces.ment society and the economy. Through questionnaire-based surveys on stakeholders combined with
expert judgment we identified topics with impact materiality.Financial Materiality Assessment
Step 2: Conduct Initial Topic Screening Recognize and assess risks and opportunities under each relevant topic and identify topics with financial
materiality through the analysis of impacts dependencies and other factors in combination with expert
judgment and risk identification and evaluation lists from departments.Taking the 21 topics set forth in the Guidelines as the basis for the topic list and referring to relevant
requirements of international mainstream sustainability reporting standards as well as topics covered
by peers in the industry and benchmarking against the UN Sustainable Development Goals (SDGs) Step 4: Finalize and approve key topics
the Company established its 2025 ESG topic database comprising a total of 29 topics.Create a list of topics with impact materiality and financial materiality and ensure that the relevant
topics are disclosed transparently balanced and comprehensively in the report.Environmental Social Governance
* Product and Service Safety and * Occupational Health
* Addressing Climate * Energy * Standardized * Stakeholder
Quality and Safety Corporate Governance Communication
MACMIC Change Utilization * R&D and Innovation * Social Contribution
Materiality * Circular Economy * Water Resource
* Tax Compliance * Sustainable Develop-
* Responsible Supply Chain Manage- * Rural Revitalization
Topics List * Waste Management Utilization
* Risk Management ment Governance
ment * Equal Treatment of
* Clean Technology * Pollutant * Protection of * Anti-Bribery and
* Information Security and Customer Small and
Opportunities Emissions Shareholders' Rights Anti-Corruption
Privacy Protection Medium-sized
* Environmental * Ecosystem and and Interests * Anti-Unfair Competi-
* Protection of Employees' Rights and Enterprises
Compliance Biodiversity * Due Diligence tion
Interests * Ethics in Science and
Management Protection
* Employee Training and Development Technology
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MACMIC Materiality Matrix
To ensure the efficient advancement of ESG work the
Protection of Employees' Rights and Interests Product and Service Safety and Quality Company further improved its ESG topic identification and
Clean Technology Opportunities assessment process in 2025. This was done in response to
R&D and Innovation changes in regulatory requirements and business develop-
Waste Management Occupational ment needs. The Company also refined the wording of the
Health and Safety
Employee Training and Development topics updated the topic list and matrix accordingly and
Protection of Shareholders' Rights and Interests continuously enhanced the effectiveness of ESG topic
management. Based on the assessment results the Company
adjusted the number of dual-materiality topics to two: R&D
Social Contribution and Innovation and Product and Service Safety and Quality.Stakeholder Communication The latter is a combination of the 2024 topics of Product
Quality and Safety and Customer Rights and Interests Protec-
tion. Topics such as Sustainable Development Governance
Rural Revitalization Sustainable Develop-Circular Economy ment Governance and Protection of Shareholders? Rights and Interests were
found not to have a significant impact on the economy
Due Diligence society or the environment. Therefore they are no longer
included in the list of dual-materiality topics. For topics with
financial materiality the Company strictly follows the require-
Anti-Bribery and Anti-Corruption ments of the Guidelines. These topics are disclosed below
Information Security and Customer Privacy Protection using the four-pillar framework: Governance-Strategy-Im-
pact Risk and Opportunity Management-Metrics and
Environmental Compliance Management Addressing Climate Change Targets.Energy Utilization Responsible Supply Chain
Water Resource Utilization Management
Pollutant Emissions Equal Treatment of Small and
Medium-sized Enterprises
Ecosystem and Biodiversity Protection Standardized
Corporate Governance
Anti-Unfair Competition Tax Compliance
Risk Management
Ethics in Science and Technology
Low High
Financial materiality to the Company
Environmental Dimension Social Dimension Governance Dimension
15
High Materiality of impacts on the economy society and environmentSustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
Development Governance Building a New Practices to Safeguard Co-Building a New Fulfilling the New Era
Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Table of Risks and Opportunities for Financially Material Topics
Topics Description of Risk/Opportunity Impact Duration Impact on the Value Chain Expected Financial Impact
* Risk: Extreme weather events may lead to supply chain and
production disruptions reducing operational efficiency. In addition
regulatory requirements for climate-related disclosure low-carbon * Negative impacts: Decrease in operating revenue
market demands and stakeholder expectations could affect * Short term * Upstream increase in operating costs increase in non-operating
Addressing Climate
production and compliance costs. * Medium term * Operations expenses.Change
* Opportunity: Enterprises can achieve cost reduction efficiency * Long term * Downstream * Positive impacts: Decrease in operating costs
improvement and sustainable growth by optimizing production increase in operating revenue.processes using low-carbon energy sources and designing green
products.* Risk: Enterprises may face technical risks such as delays in product
R&D and delivery difficulties in production processes and low * Negative impacts: Decrease in operating revenue
product yield. * Short term * Upstream increase in operating costs increase in non-oper-
R&D and Innovation * Opportunity: The rapid development of downstream emerging * Medium term * Operations ating expenses.sectors along with breakthroughs in new materials and process * Long term * Downstream * Positive impacts: Decrease in operating costs
technologies can also lead to improved product performance and increase in operating revenue.cost control.* Risk: Natural disasters geopolitical conflicts and capacity con- * Short term * Upstream
Responsible Supply straints may lead to supply chain disruptions. * Medium term * Operations * Negative impact: Increase in operating costs.Chain Management * Opportunity: Implementing green procurement can help respond to * Long term * Downstream * Positive impact: Increase in operating revenue.downstream low-carbon demands and build a green brand image.* Risk: Lack of professional competence among inspection personnel
or non-standard inspection procedures may affect product yield
compliance. * Short term
Product and Service * Operations
* Medium term * Negative impact: Increase in operating costs.* Opportunity: Demand for power semiconductors in downstream
Safety and Quality * Downstream * Positive impact: Increase in operating revenue.sectors such as new energy vehicles and photovoltaics is rising * Long term
along with stricter customer quality certification requirements.Compliant high-quality products are more likely to win orders.
1601
Practicing Sound Governance SDGs Responded
Building a New Governance Structure
MACMIC regards corporate governance as the solid cornerstone of its steady development ensuring the Company's stable and long-term growth
through standardized operations. We continuously improve our corporate governance structure strengthen risk and internal control compliance
management enhance the transparency and quality of information disclosure and effectively protect the legitimate rights and interests of sharehold-
ers and stakeholders. Through efficient transparent and responsible governance practices we lay a solid foundation for the Company's sustainable
development.Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
Development Governance Building a New Practices to Safeguard Co-Building a New Fulfilling the New Era
Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Improving the Governance System
Board of Directors
Organizational Structure
The Board of Directors is the Company?s decision-making and
MACMIC strictly complies with the Company Law of the People's Republic of China business leadership organ responsible to the Shareholders?
(hereinafter referred to as the Company Law) the Securities Law of the People's Meeting and executing its resolutions. The Company in strict Key Performance During the Reporting Period
Republic of China (hereinafter referred to as the Securities Law) the Corporate accordance with relevant laws regulations normative documents
Governance Guidelines for Listed Companies and relevant rules of the Science and and the Articles of Association has formulated the Rules of The Company convened12meetings of the
Technology Innovation Board of the Shanghai Stock Exchange. The Company has Procedure for the Board of Directors to regulate the conduct of the
formulated the Articles of Association of MacMic Science & Technology Co. Ltd. Board of Directors and its members. The meetings of the Board of Board of Directors at which51proposals were
(hereinafter referred to as the Articles of Association) and established a corporate Directors are held strictly as required to make scientific decisions
governance structure with the Shareholders? Meeting as the authority the Board of on major corporate matters. During the Reporting Period the reviewed and approved.Directors as the decision-making organ and the management as the executive directors performed their duties diligently attended the meetings
organ. The Company continuously improves its governance structure strengthens its of the Board of Directors on time and safeguarded the legitimate
internal control system enhances standardized operations and ensures the effective rights and interests of the Company and all shareholders.operation of the governance system.Operational Mechanisms Diversity
The Company places great emphasis on the diverse composition of its Board members. The director selection process strictly follows
Shareholders? Meeting the Articles of Association the Rules of Procedure for the Board of Directors and the Implementing Rules of the Nomination Commit-
tee. In the selection process the Company comprehensively considers candidates? professional competencies industry experience
In strict accordance with the Company Law the Rules for General Meetings of gender age educational background and other factors to build a diverse Board structure. As of the end of the Reporting Period the
Shareholders of Listed Companies other laws and regulations and the Articles of Board of Directors consisted of 8 directors including one newly added employee representative director. Board members possess
Association the Company has formulated the Rules of Procedure for Shareholders' diverse knowledge and experience backgrounds in finance corporate management semiconductor industry and other professional
Meetings to standardize the procedures for convening holding proposing notifying fields supporting the Board of Directors in making scientific and efficient decisions.voting and resolving the General Meeting of Shareholders. Shareholders? Meetings
combine on-site and online voting to facilitate investor participation and separate 1 Person 12.50% 2 People 25% 2 People 25%
vote counting is conducted for major matters affecting the interests of small and 2 People 25%
medium-sized investors thereby protecting their rights to participate and vote.Meanwhile the Company engages lawyers to participate in Shareholders? Meetings
to ensure legal compliance of processes and decisions and the lawyers issue legal
opinions on the legality of the meetings. By Education By Gender Background By Age
1 Person 12.50%
Key Performance During the Reporting Period
2 4 People 50%The Company held General Meetings of Shareholders at 3 People 37.50% 3 People 37.50%6 People 75%
which19proposals were reviewed and approved. Male Female Bachelor?s Degree Doctoral Degree 31-40 41-50
and Below
Master?s Degree 51-60 Above 60
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Independence Effectiveness Evaluation
In accordance with the Administrative Measures for Independent Directors of Listed Companies and the Articles of The Board of Directors regularly summarizes its work for the entire year and discloses it in the annual
Association the Company has formulated the Detailed Rules for the Work of Independent Directors and the Working report. Independent directors conduct an annual self-assessment of their independence and submit
System for Special Meetings of Independent Directors. Independent directors actively participate in the Company?s the self-assessment report to the Board of Directors. The Board of Directors annually evaluates the
daily operations and major decisions playing roles in decision-making participation oversight and balance and independence of incumbent Independent Directors and issues a special opinion disclosed simultane-
professional consultation within the Board of Directors safeguarding the overall interests of the Company and ously with the annual report effectively ensuring the effectiveness of Board governance.protecting the legitimate rights and interests of small and medium-sized shareholders. As of the end of the Reporting
Period the Board of Directors had 8 members including 3 independent directors accounting for 37.5% of the total
directors.Specialized Committees under the Board of Directors
The Board of Directors consists of four specialized committees: the Strategy Committee the Audit Committee the
Remuneration and Appraisal Committee and the Nomination Committee. Each committee performs its functions and Remuneration Management
powers in accordance with the Articles of Association and implementation rules providing professional support for
the scientific decision-making of the Board of Directors. Among them the Audit Committee assumes the functions of
the Supervisory Committee as stipulated in the Company Law. The remuneration management of the Company?s directors and senior executives strictly
follows relevant systems such as the Articles of Association and the Implementing Rules
of the Remuneration and Appraisal Committee. The Remuneration and Appraisal
Name of the Committee Composition Committee is responsible for formulating assessment standards researching develop-
ing and reviewing remuneration policies and plans. The remuneration plan is closely
Strategy Committee Comprising 3 directors with independent directors accounting for 2/3. linked to the Company?s operating performance individual job responsibilities and
performance appraisal results considering industry remuneration trends and regional
Comprising 4 directors with independent directors accounting for 3/4
Audit Committee levels balancing short-term incentives and long-term development to motivate
and an accounting professional serving as the convener. directors and senior executives to perform diligently and promote the Company?s
Remuneration and Comprising 3 directors with independent directors accounting for 2/3 sustainable development. In addition the Company has established a clawback policy
Appraisal Committee and serving as the convener. for executive compensation. If compensation is inappropriately paid due to financial
reporting errors performance fraud or other misconduct the Company has the right to
Comprising 3 directors with independent directors accounting for 2/3
Nomination Committee recover such compensation. The Company?s remuneration decision-making process is
and serving as the convener. standardized and transparent. Director remuneration plans must be reviewed by the
Board of Directors and submitted to the Shareholders? Meeting for approval while senior
executive remuneration plans must be approved by the Board of Directors.Key Performance During the Reporting Period
The Strategy Committee held 2 meetings at which 3 proposals were reviewed; the Audit
Committee held 8 meetings at which 18 proposals were reviewed; the Nomination Committee Key Performance During the Reporting Period
held 2 meetings at which 2 proposals were reviewed; the Remuneration and Appraisal The total actual compensation received by all directors and senior executives
Committee held 3 meetings at which 9 proposals were reviewed. was RMB 6.70 million.
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Adhering to Compliance Operation Risk control is the primary step in risk management playing a key role in early warning and control of risks. The Company?s risk control process includes collecting initial risk information risk assessment risk control and risk
monitoring. The Company identifies risks through various methods such as data comparative analysis case analysis
and business interviews analyzes risk causes impacts and levels and develops a Risk Database and Risk Map. For
Risk Management identified risks responsible departments must formulate risk control plans including control objectives specific measures responsible persons and schedules. The Risk Control Management Department continuously monitors key
risk indicators and provides timely warnings when trigger values are reached. The Company regularly prepares the
To prevent control defuse and handle existing or potential risks and ensure the sustainable stable and Risk Assessment Report and the Annual Risk Management Report to report risk status and management effectiveness
healthy development of the Company the Company has formulated the Risk Control Management to management.System in accordance with the Enterprise Risk Management Integrated Framework the Basic Standards
for Enterprise Internal Control and other national laws and regulations. The Company?s risk management The Company maintains a high level of risk prevention awareness and regularly holds internal risk training for employ-
mainly covers four aspects: risk control internal control legal affairs and internal audit. ees aiming to enhance employees? risk prevention awareness and reduce the occurrence of potential risks.Business Departments Case Practical Training on Enterprise Full-Process Legal Risk Prevention and Control
In 2025 the Company organized practical training on enterprise
Collect and provide initial risk information independently full-process legal risk prevention and control for business
identify assess and report risks and formulate and departments aiming to enhance business personnel?s ability to
implement risk control measures. identify and respond to legal risks in daily operations and
special transactions. The training covered full-process risk
prevention and control for sales and procurement contracts
basic risks of target companies that listed companies need to
focus on during investment and mergers and acquisitions etc.Risk Control Management Department It emphasized the responsibility of business departments as the
first line of defense for risk prevention and control as well as
the key role of cross-departmental collaboration in contract
Centrally manage risks responsible for collecting risk Practical Training on Enterprise review performance monitoring investment mergers and
information organizing the formulation of risk response plans Full-Process Legal Risk Prevention and acquisitions and payment collection.tracking control effectiveness monitoring risk indicators; Control
responsible for internal control assessment and legal affairs
management.Board of Directors and Audit Committee
Key Performance During the Reporting Period
The Board of Directors is the highest decision-making body for
risk management; the Audit Committee is responsible for The Company conducted 6internal risk training sessions with111participants and a total
guiding and supervising risk management work and evaluating
the establishment and implementation of the Company?s risk training duration of 112 hours.management system.
20
First Line of Defense Second Line of Defense Third Line of Defense
Three Lines of Defense in Risk ManagementSustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Internal Control Protection of Investors? Rights and Interests
In accordance with the Basic Standards for Enterprise Internal Control and its supporting guidelines the
Company has established a sound internal control system and formulated the Internal Control System to
ensure the completeness rationality and effectiveness of the internal control system thereby improving the Information Disclosure
Company?s operational efficiency. The Board of Directors is the highest management body for the Compa-
ny?s internal control work and is responsible for the establishment improvement effective implementation In strict compliance with the Measures for the Administration of Information Disclosure by Listed Companies
and inspection and supervision of the Company?s internal control system. The Company has established an and relevant rules of the Science and Technology Innovation Board of the Shanghai Stock Exchange the
Audit Committee responsible for supervising and evaluating internal and external audit work and internal Company has formulated the Information Disclosure Affairs Management System the Information Disclosure
control. Meanwhile the Company has established the independent Risk Control Management Department Suspension and Exemption System and the Voluntary Information Disclosure Management System. The
staffed with full-time auditors responsible for the daily inspection and supervision of internal control Company specifies the content standards procedures and confidentiality requirements for information
reporting to the Audit Committee. The Company regularly conducts self-evaluation on the effectiveness of disclosure and regulates disclosure practices. The chairman of the Company assumes the primary responsi-
internal control prepares the annual Internal Control Evaluation Report and discloses it after deliberation by bility for information disclosure affairs the secretary of the Board of Directors is the direct responsible
the Board of Directors. In addition the Company engages an accounting firm annually to audit the person and the Board Office is the specific execution department. During the Reporting Period the
effectiveness of the Company?s internal control and issue the Internal Control Audit Report. During the Company fulfilled its information disclosure obligations in accordance with laws and regulations and did not
Reporting Period there were no material deficiencies in the Company?s internal control and effective incur any penalties from securities regulatory authorities for information disclosure violations. The
internal control was maintained in all aspects. announcements published by the Company are truthful accurate and complete free from false records
The Company has formulated the Internal Audit System to standardize internal audit work clarify the misleading statements or material omissions.responsibilities of internal audit institutions and personnel and leverage the role of internal audit in
strengthening internal control improving operational management and enhancing economic efficiency.The Company implements internal economic supervision in strict accordance with relevant system require-
ments legally inspects accounting books and the operating status of related assets and supervises the
Key Performance During the Reporting Period
authenticity legality and effectiveness of financial revenues and expenditures. During the Reporting Period
the Company conducted 17 audit projects and 5 corrective actions with a 100% handling rate for audit
issues. The Company disclosed 83 interim announcements and 4 periodic reports.Tax Management
The Company strictly abides by the Tax Collection and Admin-
istration Law of the People's Republic of China the Provisional
Regulations of the People's Republic of China on Value-Added
Tax and the Enterprise Income Tax Law of the People's Repub- Key Performance During
lic of China and other relevant national laws regulations and the Reporting Period
policies and fulfills its tax obligations in accordance with the
law. To standardize tax management and control tax risks the
Company has established and improved its tax management The Company?s total tax
system optimized management processes and ensured the payment amounted to
compliance and accuracy of tax treatment for all business
activities. The Company closely monitors policy developments RMB 7.83 million.maintains good communication with tax authorities and regu-
larly conducts risk assessments and self-inspections and
corrections effectively preventing tax risks and ensuring the
Company?s stable development.
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Investor Relations Management
The Company places great emphasis on investor relations management and has formulated the Investor Relations Management System stipulating that the Board Secretary is the business supervisor for investor relations manage-
ment affairs and the Board Office is the functional department responsible for daily operations including information collection and disclosure communication channel maintenance and activity organization.The Company has established diversified investor communication channels including but not limited to Shareholders? Meetings investor service hotlines the SSE e-Interaction Platform and on-site research activities. The
Company continuously standardizes interactive communication with investors strengthens information exchange and complaint handling enhances investors? understanding and recognition of the Company and promotes the
establishment of a long-term stable mutual trust and mutually beneficial cooperative relationship with investors.Hua?an Securities Electric New Energy Research Activity Listed Company Tour Research Visits CITIC Securities Research Activity
Key Performance in 2025
The Company held 4 Performance Briefing Sessions hosted 13 on-site research sessions for investors with 109 participants conducted 30 interactions with investors on the SSE e-Interaction
Platform and achieved a 100% response rate to questions.
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Adherence to Business Ethics
Anti-Bribery and Anti-Corruption
Integrity Man- Corruption Risk Prevention Integrity Culture Building
agement System and Control
MACMIC actively cultivates and disseminates a culture of integrity. Through training publicity education and other
MACMIC always adheres to MACMIC has established and continuously methods the Company enhances employees? moral quality and integrity awareness deepening their understanding of
compliance operation and strengthened internal and external integrity restraint laws regulations and the Company?s code of business conduct. The Company is committed to internalizing the concept of
abides by business ethics mechanisms. The Company requires all employees to integrity management and externalizing it through action guiding all employees to establish correct values and profession-
strictly abides by relevant sign the Integrity and Self-Discipline Commitment al ethics and creating an organizational atmosphere of clean and honest conduct.laws and regulations and Letter aiming to enhance employees? awareness of
has formulated the Code of the rule of law and moral self-discipline so as to
Business Conduct and the abide by laws and regulations and maintain Key Performance in 2025
Anti-Corruption and self-respect and vigilance. Meanwhile the Company
Anti-Bribery Management incorporates the fulfillment of commitments into the
System applicable to all assessment evaluation and appointment of key The Company provided a total of 57 hours training on anti-bribery and anti-corruption with 38
employees of the Company personnel. Before conducting procurement and other
and stakeholders such as economic activities with suppliers and other participants including 12 directors and senior executives.customers and suppliers. partners the Company requires them to sign the
Meanwhile the Company Integrity and Anti-Bribery Commitment Letter
implements a "Sunshine specifying clean cooperation requirements. If a
Policy" to fully standardize partner violates the commitment the Company has
the integrity practice of the right to immediately terminate or rescind the
employees and advocates relevant contract/agreement and demand that it
stakeholders such as bear liquidated damages and corresponding civil or
customers and suppliers to even legal liability. During the Reporting Period there
jointly practice honest and were no significant corruption incidents in the
integrity business principles. Company and the employee integrity agreement
signing rate was 100%.The Risk Control Manage-
ment Department serves as In addition the Company has established a sound
the executing department internal control system to prevent and detect
responsible for the specific fraudulent activities including but not limited to
implementation and daily financial fraud abuse of power conflicts of interest
operation of integrity and and performance fabrication. For discovered
supervision management fraudulent activities the Company will take serious
ensuring the enforcement of disciplinary actions including but not limited to
systems and the implemen- terminating labor contracts pursuing legal liability
tation of risk prevention and etc. and promptly take measures to correct and
control. remedy losses. Anti-Corruption and Anti-Bribery Training
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Reporting Mechanism Anti-Monopoly and Fair Competition
The Company encourages internal employees and external partners to report various violations either MACMIC adheres to the principles of fairness justice honesty and good faith and does not engage in any
nominally or anonymously. The Company has established reporting emails and hotlineand has communicat- acts of unfair competition. In daily operations the Company strictly complies with relevant laws and regula-
ed to all employees suppliers and partners making it clear that reports must be based on facts objective tions such as the Anti-Unfair Competition Law of the People's Republic of China and the Anti-Monopoly Law
and fair and false accusations are strictly prohibited. The Company places great importance on whistleblow- of the People's Republic of China as well as the Company's Code of Business Conduct and guides employees
er protection taking strict confidentiality measures for report information and whistleblower identities and to cultivate good business practices through anti-monopoly and fair competition training. Meanwhile the
resolutely opposes any form of retaliation. For employees whose labor rights and interests are impaired due Company attaches importance to anti-monopoly and fair competition risk control strengthens the control
to reporting acts the Company shall provide necessary legal remedy and assistance in accordance with the of relevant risks in daily work and actively creates a market environment of ethical operation and fair
law. For verified reports the Company shall grant corresponding rewards to whistleblowers as appropriate. competition. During the Reporting Period the Company had no lawsuits or administrative penalties due to
violations of the Anti-Monopoly Law and Anti-Unfair Competition Law.In terms of reporting processing procedures the Risk Control Management Department is responsible for
unified registration and preliminary verification and timely reports the reporting information to the General The Company continuously improves its responsible marketing and sales management system. In all sales
Manager. The Risk Control Department shall initiate a formal investigation in accordance with the Company?s and marketing activities it strictly complies with national laws and regulations industry standards at its
decisions gather evidence in a comprehensive manner hear statements and representations from the operating locations and resolutely avoids any exaggerated deceptive or false promotional content. It
reported party and submit the investigation results to the management for review. clearly requires that all external publicity and marketing materials be internally reviewed and approved to
ensure the delivery of truthful accurate and compliant information to customers. In addition the Company
has formulated the Product Price Management Measures to standardize product pricing management
maintaining customer relationships and market order through fair and ethical pricing strategies.Key Performance During the Reporting Period
The Company conducted 1 anti-monopoly and fair competition training with 45
Reporting Channels: participants and a total training duration of 45 hours.Email:
yjx@macmicst.com
hxu@macmicst.com
Hotline:
0519-85166088-8306
2402
Pursuing Low-Carbon Practices to
Safeguard Our Green Home SDGs Responded
MACMIC regards environmental protection as the fundamental guiding principle for its sustainable development. With a strong sense of responsibility
the Company actively implements green and low-carbon development requirements continuously promotes carbon reduction pollution control and
efficient resource utilization thereby achieving harmonious coexistence between industrial development and the ecological environment.Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
Development Governance Building a New Practices to Safeguard Co-Building a New Fulfilling the New Era
Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Addressing Climate Change
Governance
MACMIC has integrated the philosophy of sustainable development into the governance structure revised and continuously improved the Climate Change Response System. The Board of Directors as the highest governance
body for sustainable development and climate risk management has set up the Strategy Committee that is responsible for formulating and improving strategies and management measures against climate change and regularly
reporting related climate matters to the Board of Directors. The Company has also established an ESG Leading Group responsible for implementing climate change-related goals and actions ensuring that measures are effective-
ly promoted.Management Structure for Addressing Climate Change
Level Body Responsibilities
Review and approve climate-related policies strategies and goals incorporate climate-related risks and opportunities into consideration and oversee the disclosure
Board of Directors
Decision-Making
Level
Strategy Committee Formulate and review climate-related strategies and management methods discuss climate-related goals and key initiatives; regularly report the latest climate-related
matters affecting the Company to the Board of Directors.Implement the climate-related goals and key initiatives organize and arrange the ESG Working Group to carry out climate-related tasks; track the require-
Management
ESG Leading Group ments and trends of climate-related policies develop management methods for climate change risks and opportunities and provide guidance and training for Level
the ESG Working Group; assess the effectiveness and appropriateness of climate change risk and opportunity management.Execute climate-related tasks assigned by the ESG Leading Group; identify and assess climate-related risks and opportunities and develop corresponding response
Execution Level ESG Working Group measures; formulate a climate change work plan and take corresponding actions to achieve climate-related goals; implement climate change risk management
measures in business activities and execute energy-saving and emission-reduction work plans.
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Strategy
MACMIC identifies and analyzes the impacts of climate change on the Company in accordance with national climate change strategies policies and regulations as well as internationally recognized frameworks such as TCFD
and in line with its own development strategy.Type of Description of Risk/Opportunity Likelihood of Impact Impact on the Financial Countermeasure
Risk/Opportunity Occurrence1 Duration2 Value Chain Impact
Rainstorms and floods may lead to power outages * Operations Reduction * Closely monitor weather changes carry out related emergency response work Acute warehouse water ingress and leaks thereby damaging Medium * Short term * Downstream in operating organize drills for environmental emergency plans and ensure adequate Risks
Physical stored raw materials and finished products. revenue reserves of emergency supplies.Risks Continuously rising global temperatures may lead to Increase in
Chronic increased cooling demand and higher power consump- * Improve energy use efficiency and formulate heatstroke prevention and cool-Medium * Long term
Risks * Operations
operating
tion for the Company exerting a sustained impact on its ing measures.costs
production and operations.* Enhance the awareness of climate and environmental information disclosure
Policy and Regulators and rating agencies at home and abroad
Increase in and improve management’s understanding;
non-oper-
Legal have put forward clear requirements for corporate Medium * Long term * Operations * Improve employees’ comprehension and practical skills regarding climate and
Risks climate-related information disclosure.ating environmental information disclosure through internal training external semi-
expenses nars and other means.Transi- Increasing demand from customers and consumers for
Market * Upstreamtion low-carbon and sustainable products as well as stricter
* Medium term Reduction in * Maintain close communication with international and domestic clients to stay
Risks requirements on suppliers' ESG performance may affect Medium * Long term
* Operations operating
Risks updated on their new requirements and expectations regarding sustainability.* Downstream
the demand for the Company's products and business. revenue
* Continuously disclose the Company's ESG performance in its annual report and
Stakeholders have increasingly high expectations for Increase in
Reputation non-oper- ESG report to enhance the confidence of the public and investors in our the Company's environmental responsibilities or are
Risks Low * Short term * Operations sustainability efforts;dissatisfied with the progress and implementation ating
* Promote the Company’s proactive measures in addressing climate change to
effectiveness of related sustainable development topics. expenses
improve brand image.Adopt high-efficiency production equipment and indus- * Short term * Introduce the concept of lean management and continuously improve produc-
Resource Reduction
trial processes and establish smart production work- High * Medium term* Operations tion processes to achieve optimal resource allocation;
Efficiency in operating
shops to enhance production capacity and efficiency. * Long term * Promote the development of intelligent production lines to consistently costs
enhance production efficiency.* Construct rooftop distributed photovoltaic power generation systems and
Adopt low-emission energy solutions helps reduce
Oppor- procure green power;Energy energy costs mitigate the impact of carbon emission * Short term Reduction in
tunities High * Operations * The Company has gradually introduced energy-efficient lighting products Supply cost fluctuations and enhance the Company's sustain- * Long term operating
costs achieving a significant reduction in lighting energy consumption across its plant able development level.workshops.In response to market demand the development of * Expand the application scope of products and reduce their energy consumption Products Increase in
new products or services through R&D and innovation * Medium term* Operations while actively introducing high-efficiency products into downstream industries and High
Services helps to enhance core competitiveness and cultivate * Long term * Downstream
operating such as new energy vehicles and new energy power generation to meet market
revenue
new growth drivers. demand for green products.
1 Likelihood of occurrence refers to the frequency or probability of a risk/opportunity occurring primarily based on historical occurrence probability external scenarios progress in policy implementation and expert predictions. The likelihood of occurrence ranges from "low" to "high"
2 The Impact Duration refers to the different periods when different climate-related risks and opportunities will affect the Company. The Company categorizes the impact duration into short-term (0-1 year) medium-term (1-5 years) and long-term (over 5 years).
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Impact Risk and Opportunity Management Metrics and Targets
Key Performance in 2025
MACMIC has formulated the Climate-Related Risks and Opportunities Management System established and MACMIC actively responds to the national strategic deployment Scope 1 and 2 GHG emissions
improved the climate change risk and opportunity management process to effectively respond to risks of the "Carbon Peaking and Carbon Neutrality" goals and has
brought by climate change proactively grasp related opportunities ensure the Company's sustainable set a long-term development goal of ?achieving carbon peak in decreased by 3.55%
development and enhance long-term competitiveness and operational resilience. own operations by 2030 and carbon neutrality by 2060?. compared with 2024.Simultaneously the Company has implemented quantitative
control targets for greenhouse gas emission intensity and
Climate Change Risk and Opportunity Management Process continuously monitors the performance of indicators to ensure
the Company's emission reduction efforts proceed in an orderly
manner.Risk and
Opportunity Risk and Formulation Tracking
Identifica- Opportunity of Response and In Progress
tion Assessment Measures Disclosure Taking 2024 as the base year the Scope 1 and Scope 2 carbon emissions/intensity will
decrease by 10% by 2030.Identify physical Conduct Formulate Continuously
risks transition qualitative or different response monitor changes Greenhouse Gas Emission Management
risks and quantitative strategies based in risks. the ESG
opportunities assessment of the on the assess- Leading Group Greenhouse Gas Management
related to the identified risks and ment results of regularly reports
Company's opportunities in climate-related on climate change
business terms of financial risks and risk and MACMIC continuously promotes carbon inventory carbon
development and impact likelihood opportunities and opportunity verification and carbon footprint tracking management and
operations of occurrence and integrate them management to continuously improves the quality of carbon emission data
through policy impact duration. into the daily the Board of and carbon management level. The Company strictly follows
research peer Prioritize the operation of the Directors and the the ISO 14064 standard to carry out annual greenhouse gas
benchmarking results of the Company. Strategy inventory. Greenhouse gas emissions from operations mainly
and expert assessment to Committee; come from purchased electricity gasoline and diesel with ISO 14067 Product Carbon
opinions forming identify material Disclose climate carbon dioxide as the main greenhouse gas. The calculation Footprint Certificate
a list of risks and key change informa- of Scope 1 and Scope 2 greenhouse gas emissions is in
climate-related opportunities. tion via annual accordance with ISO 14064-1:2018 Greenhouse gases-Part 1:
risks and reports ESG Specification with guidance at the organization level for
opportunities. reports the quantification and reporting of greenhouse gas emissions
corporate website and removals and GB/T 32150-2015 General rules for the
etc. addressing accounting and reporting of greenhouse gas emissions by
stakeholders? industrial enterprises. The Company has obtained the ISO
concerns. 14064 carbon emission management system certification for
2025. As of the end of the Reporting Period 5 products of the
Company have obtained the ISO 14067 product carbon foot- ISO 14064 Carbon Emission
print certification. Management System Certificate
28Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Indicator Unit 2025
Case Containerized Energy Storage Power Station
Direct GHG Emissions (Scope 1) tCO2e 22.70
Direct GHG Emissions (Scope 1) per Million Yuan of Revenue tCO e 0.02 The factory adopted a contracted energy management mode and 2
two 1 MWh containerized energy storage systems have been
Indirect GHG Emissions (Scope 2) tCO2e 15655.07 constructed at the southwest corner of the Xinzhu Plant. The project
Indirect GHG Emissions (Scope 2) per Million Yuan of Revenue tCO e 11.62 covered the pouring of the foundation and the installation of energy 2
storage tanks and grid-connected cabinets. The two storage tanks
Total GHG Emissions (Scopes 1 and 2) tCO2e 15677.76 converged via a grid-connected cabinet and were connected to the Containerized Energy
Total GHG Emissions per Million Yuan of Revenue low-voltage busbar of the plant?s distribution room for the power tCO e 11.63 Storage Power Station
(Scopes 1 and 2) 2 interaction with the plant?s distribution system. The energy storage
system features functions such as smooth transition peak shaving frequency and voltage regulation
etc. The stored power can be used as an emergency power source and can also store energy during
Use of Clean Energy low grid demand periods and discharge during peak periods effectively reducing grid fluctuations.The Company actively uses clean energy continuously increases the propor-
tion of renewable energy usage and reduces reliance on fossil fuels by
constructing photovoltaic power stations and purchasing green certificates.Green Electricity Certificate Product Full-Lifecycle Management for Carbon Reduction
Transaction Vouchers
Key Performance During the Reporting Period MACMIC integrates low-carbon development into product full-lifecycle management builds a full-chain
management system covering the supply chain production operation use and recycling. Through source
control and process optimization the Company effectively reduces carbon emissions at each stage
The proportion of clean energy used by the Company increased from 4.57% to 7.55%. develops green products and promotes green upgrading of the industry.Meanwhile the Company participated in green electricity certificate transactions amounting to
26016 The Company deeply implements the concept of sustainable development. Taking traditional silicon-based MWh. IGBT products as its foundation the Company actively deploys third-generation semiconductor SiC and
GaN chips and power modules achieving upgrades and replacements for traditional silicon-based IGBTs
through technological iteration. Leveraging the core characteristics of SiC materials-wide bandgap low
loss high frequency and high efficiency-in key areas such as new energy vehicles photovoltaics energy
storage and industrial control it significantly enhances the energy conversion efficiency of end systems
reduces power loss and helps downstream industries achieve energy-saving and carbon reduction goals.Case Photovoltaic Power Station This is not only the key direction for the Company?s green energy-saving and high-end upgrades but also
the core practice for fulfilling its "Carbon Peaking and Carbon Neutrality" commitment and empowering the
MACMIC has constructed photovoltaic power green ecosystem.generation projects with an installed capacity of The green value of the Company's core products has achieved remarkable results. Products such as IGBT
1.58 MW on the rooftop of the Xinzhu Plant and and SiC are widely used in photovoltaics wind power electric vehicles and charging infrastructure
0.57 MW on the rooftop of the Huashan Plant. The effectively transforming green product design into tangible sustainable development value. Meanwhile
photovoltaic power generated is used preferen- Distributed PV project in Distributed PV project guided by green product upgrades the Company synchronously optimizes green management in produc-
tially with the surplus electricity connected to the Xinzhu Plant in Huashan Plant tion processes reduces energy consumption per unit output through digital transformation promotes
grid. During the Reporting Period a total of 2266737 kWh of electricity was generated equivalent to resource recycling and combines national green factory construction standards to achieve green control
reducing carbon dioxide emissions by 1191.62 tCO e. across the product full-lifecycle demonstrating the responsibility and commitment of power semiconduc-2
tor enterprises in energy conservation and carbon reduction.
29Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Green Design * Conduct green product design identify optimization directions and formulate improvement plans based on lifecycle assessment.* With a new epitaxial design & doping distribution and electronic lifetime control technology the FRD product features ultra-fast reverse recovery and soft recovery characteristics and
reduces device losses;
Green * The optimized design of the IGBT lateral and vertical structure achieves the best coordination of saturation voltage drop and short-circuit capability;
Technology * The in-depth research on the backside laser annealing process has improved the uniformity of electrical parameters both within and between chips achieving a product yield rate of over
90%;
* The increased research on the design and process of the field barrier layer structure helps realize lower static and dynamic losses.Green * Priority is given to materials that meet environmental and energy-saving requirements with low energy consumption low pollution non-toxicity high resource utilization and recyclability;
Procurement * The Company refrains from procuring high-energy-consuming high-pollution products and equipment.Green * Give priority to the use of clean energy and employ the intelligent system to precisely control energy consumption effectively promoting green production;
Production * Achieve energy conservation and emission reduction by improving process methods technological innovation equipment upgrades and substituting and reducing the use of hazardous
substances.* In order to reduce environmental pollution caused by packaging materials packaging materials such as chip packaging boxes inner rings copper plates?plastic turnover boxes and pallets
Green are recycled to suppliers for reuse;
Packaging * During the Reporting Period a total of 130000 plastic turnover boxes were used with a recycling rate of 100%; 1500 plastic pallets were used with a recycling rate of 80%; 110000 chip
packaging iron rings were used with a recycling rate of 72.20%; 110000 other packaging of chips (plastic boxes and trays) were used with a recycling rate of 39%.Green * Implement scrapping for defective products that cannot be reworked;
Recycling * Parts from defective products are processed separately. Among them plastic parts are entrusted to professional solid waste companies for standardized treatment; silicone gel is safely
disposed of according to hazardous waste standards; and metal materials such as copper plates are recycled and reused to achieve recycling of resources.
30Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Environmental Management
Environmental Compliance Management
Environmental Management System
MACMIC adheres to the environmental policy of ?Comprehensive planning reasonable layout integrated utilization
beneficial transformation employee engagement full participation environment protection and social benefits?. It
strictly complies with national laws and regulations such as the Environmental Protection Law of the People's Republic of
China and requirements in its operational locations and actively promotes the construction of the environmental man-
agement system. The Company has formulated the Environmental Occupational Health and Safety Management
Manual established and continuously improved its environmental management system clarified the Board of Directors
as the highest leadership body with the Management Committee under it to promote the scientific and sustainable
development of the environmental management system. In 2025 the Company's total investment in environmental
protection3 was RMB 1.08 million.During the Reporting Period the Company and its subsidiary Core Energy have obtained ISO 14001 environmental man-
agement system certification. No major environmental protection accidents or violations of laws and regulations
occurred. MACMIC ISO 14001 Environmental Core Energy ISO 14001 Environmen-
Management System Certificate tal Management System Certificate
3 The significant difference between 2024 and 2025 environmental protection investment data is mainly because the total environ-
mental protection investment in 2024 included expenditures related to the warehouse renovation project of the Xinzhu Plant.At the beginning of each year the General Manager is responsible for organizing the formulation of the current year?s
objectives and assessment methods based on the objectives achievement status of the previous year. The Company
continuously tracks the progress of target achievement and strives to achieve year-on-year improvement in environmen-
tal performance and a continuous decline in failure and accident rates.Target Achievement in 2025
Pollutant Discharge Compliance Rate: 100% Achieved
Hazardous Waste Disposal Rate: 100% Achieved
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Management of Environmental Risks
Case Hazardous Waste Leak Emergency Plan Drill
Identification and Assessment of Environmental Factors In October 2025 the Company conducted a hazardous waste leak emergency plan drill. The drill
focused on the emergency command and rescue process. It systematically tested and improved the
The Company has formulated the Environmental Factor Identification and Evaluation Procedure conducted full process operations of leak disposal through on-site training and practical simulation. This
a comprehensive investigation and summary of the Company's environmental factors to form a unified activity effectively strengthened employees? understanding of hazardous waste leak emergency
Environmental Factor Identification and Evaluation Form. The ESG Management Department leads a knowledge enhanced team coordination and practical disposal skills and achieved the emergency
dedicated team to conduct significance evaluation of the Company's environmental factors based on the response goal of being ?scientific safe orderly and rapid?.Company's Criteria for Evaluation of Significant Environmental Factors and implements special improve-
ments and daily control for identified significant environmental factors. In 2025 the Company organized
specialized training focusing on environmental factor identification evaluation methods and control
requirements further enhancing relevant personnel's awareness and implementation capabilities in
environmental management.Hidden Danger Inspection
The Company has established a hidden danger inspection mechanism carried out regular inspections for
potential environmental dangers and proactively identified potential environmental risks. Identified dangers
are managed by classification and grading and a rectification tracking list is established to ensure the entire
storage and disposal process of pollutants and waste is compliant and controlled. Drill Site for Hazardous Waste Leak Emergency Response Plan
Key Performance in 2025
Environmental Protection Training
The Company conducted over 100 environmental protection hidden danger inspections
100 The Company attaches great importance to improving employees? environmental awareness and capabili-with a % rectification rate. ties actively carries out environmental protection training to integrate sustainable concepts into daily
operations providing a solid guarantee for achieving sustainable development goals. During the Reporting
Period the Company conducted training on hazardous waste management knowledge and held exams on
relevant knowledge effectively improving employees' hazardous waste disposal capabilities and ensuring
Emergency Management and Emergency Drills the stable operation of the Company's environmental management system.The Company has formulated and implemented the Emergen-
cy Response Plan for Environmental Incidents analyzed the
potential hazards and consequences of environmental Key Performance in 2025
incidents clarified the importance of emergency manage- Key Performance in 2025
ment strengthened control over emergency incidents and The Company organized
minimized incident losses. Meanwhile the Company conducts The Company organized a total of 6 environmental protection training sessions with
emergency drills to test the feasibility and effectiveness of 7 environmental
emergency plans and continuously optimizes emergency emergency drills. 1448 person-times participating and a total training duration of 2405 hours.mechanisms based on drill results effectively enhancing over-
all emergency response and risk control capabilities.
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Pollutant Emissions
Maximum
Category Monitoring Indicators Allowable Emission
Achievement
Implementation Standard
MACMIC strictly implements relevant laws and regulations such as the Environmental Impact Assessment Concentration in 2025
(mg/m3)
Law of the People's Republic of China and the "Three Simultaneities" management requirements for project Total Non-Methane
construction formulating the Waste Gas Wastewater Noise Management Procedure. The ESG Management 50 AchievedHydrocarbons
Department is responsible for the management of waste gas wastewater sewage and noise and conduct
daily supervision inspection monitoring and implementation of prevention and improvement measures. Fluoride 1.5 Achieved
Furthermore the Company implements pollution source monitoring in accordance with standards such as
the Self-Monitoring Technology Guidelines for Pollution Sources with wastewater and waste gas monitored Nitrogen Oxide 50 Achieved
annually and noise monitored quarterly. During the Reporting Period all monitoring indicators were within Organized
the standard limits and with no adverse impact on employees or surrounding residents. Tin and Its Compounds 1 AchievedEmission
Particulate Matter 20 Achieved
Indicator Unit 2025
Isopropanol 40 Achieved
Pollutant Monitoring Compliance Rate % 100
Nickel and Its 1 Achieved Emission Standard of
Compounds
Synchronized Operation Rate of Environmental Facilities % 100 Pollutants for the
Odor Concentration 20 (Dimensionless) Achieved Semiconductor Industry
Compliance Rate of Environmental Impact Assessment (DB32/3747-2020)
(EIA) and "Three Simultaneities" Systems % 100 Ammonia 1.5 Achieved Integrated Emission
Standard of Air
Hydrogen Sulfide 0.06 Achieved Pollutants
Waste Gas Management (DB32/4041-2021)Tin and Its Compounds 0.06 Achieved
Unorganized
The Company has established a waste gas management system covering living and production activities. Particulate Matter 0.5 AchievedEmission
For canteen fumes the Company has installed purification devices and implements high-altitude Nickel and Its
discharge; for waste gases from production process of soldering and cleaning and vehicle exhaust 0.02 AchievedCompounds
generated corresponding exhaust ventilation dust removal or clean energy transformation measures are
in place. Nitrogen Oxide 0.12 Achieved
In daily operations the Company requires employees in relevant positions to properly use the waste gas Fluoride 0.02 Achieved
treatment facilities and take adequate personal protection measures. Meanwhile it continuously reduces
waste gas emissions through technical and management measures. The Company regularly monitors and Total Non-Methane
Hydrocarbons 0.12 Achieved
inspects waste gas discharge points to ensure compliance with national standards and timely analyzes and
improves abnormal situations to achieve full-process control.
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Types of Waste Gases Preventive Measures Remarks Types of Wastewater Preventive Measures Remarks
Waste Gas from Etching Process Secondary Alkali Spray Device Nitrogen-Free Production Sewage Pre-Treatment Facility 1# (Pre-Sedi-
Wastewater mentation + Coagulating Sedimentation)
Waste Gas from Welding and Activated Carbon Adsorption/Desorption + Discharged Directed to Changzhou
Cleaning Processes Catalytic Combustion through a Sewage Pre-Treatment Facility 2# Jiangbian Wastewater
15m-high (Sedimentation + Nitrification Denitrifica- Treatment Plant for Waste Gas from Evaporation Process Nitrogen-Containing treatment.
Activated Carbon Adsorption Device Exhaust Funnel. Production Wastewater tion + Secondary Sedimentation +
Waste Gas from Hazardous Waste Coagulating Sedimentation)
Warehouse
Reused for toilet water
floor cleaning water
Wastewater Management alkaline spray water and
replenishment to the
original water tank;
The Company regularly inspects and unblocks sewage pipes in office buildings ensuring domestic sewage concentrate water from
is properly discharged into the municipal sewage pipe network after purification in septic tanks; production Concentrated Wastewater Concentrated Water Reuse Facility + pure water preparation
wastewater is collected treated at the wastewater treatment station and discharged up to standard into the for Production of Pure Wastewater Pre-Treatment Facility 3# is connected to the
municipal sewage pipe network; it is strictly prohibited to directly discharge untreated wastewater or Water (Bag Filtration + Fine Filtration) municipal sewage
sewage into rivers. The Company strictly implements separate collection and management of production network and sent to
wastewater and domestic sewage and the ESG Management Department conducts testing at least once a Changzhou Jiangbian
year to ensure discharge meets standards. Wastewater Treatment
Plant for centralized
treatment.Maximum Allowable
Monitoring Indicators Emission Concentration Achievement in Implementation Standard
(mg/L) 2025
Noise Management
pH 6.0-9.0 Achieved
Emission Standard of
COD 300 Achieved
The noise of the Company mainly comes from
Pollutants for Semiconduc- equipment such as dicing saws cleaning machines and
SS 250 Achieved
tor Industry dryers. To reduce noise emissions the Company
(DB32/3747-2020) requires equipment operators to conduct regular
Discharge Standard of
TN 35 Achieved equipment maintenance inspection and upkeep to
Pollutants for Municipal ensure operational efficiency. For noise sources in
Wastewater Treatment
NH3-N 20 Achieved production areas the company adopts engineering Plants isolation measures to reduce impact and conducts
(DB32/4440-2022)
TP 3 Achieved
annual noise emission monitoring.The monitoring
Wastewater Quality results all comply with the Emission Standard for
Standards for Discharge to
Fluoride 15 Achieved Industrial Enterprise Noise at Boundary (GB Municipal Sewers 12348-20080) with no exceeding of standards. Under
100 Achieved (GB/T 31962-2015)Animal and Vegetable Oils special circumstances such as the use of power
generation equipment the Company strictly imple-
Total Dissolved Solids 2000 Achieved
ments isolation operation and enclosed operation
requirements to ensure noise is effectively controlled.
34Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Waste Management Resource Management
MACMIC strictly abides by relevant laws regulations and standard documents such as the Law of the People's
Republic of China on the Prevention and Control of Environmental Pollution by Solid Waste formulates the
Hazardous Waste Management System to standardize the generation collection storage transfer and other Energy Utilization
activities of hazardous waste. Meanwhile we actively promote cleaner production strive to avoid or reduce
the generation of hazardous waste and encourage the rational utilization and harmless treatment of hazard-
ous waste. Energy Management System
MACMIC strictly adheres to national laws and regulations such as
the Energy Conservation Law of the People's Republic of China and
has established internal management systems including the Energy
Key Performance in 2025 Work Management System and the Regulations on Energy Con-
158.56 sumption Quota Management. The Company has established a The Company generated tons of hazardous waste and disposed of three-level energy management system for the Company work-
158.56 shops and teams set up an energy management leading group tons; it generated 346.46 tons of non-hazardous waste and headed by the General Manager and management teams at vari-
346.46 100 ous levels formed an energy management network throughout the disposed of tons? representing a % waste disposal rate. entire company. Meanwhile the Company has formulated the
Energy Conservation Reward and Punishment System which
rewards those who make outstanding contributions to energy con-
servation and penalizes those who waste energy. During the
Reporting Period the Company has obtained the ISO 50001 ISO 50001 Energy Manage-
Energy Management System certification . ment System Certificate
Waste Management
Measures
* Domestic waste is entrusted to the municipal sanitation department
Non-Hazardous for unified collection and treatment;
Waste The Company has set clear energy management targets * Recyclable industrial waste is sold for comprehensive utilization. and carries out the management and assessment of
energy consumption quotas. Through regular monitoring
* The collection storage and transfer activities of hazardous waste comply of energy consumption data and analysis of progress
with relevant national and local regulations; toward the targets the Company promptly identifies issues
Hazardous Waste * The transfer of hazardous waste is strictly supervised and the ?Hazardous
and adjusts energy-saving strategies to ensure the energy
Waste Transfer Manifest? is retained; conservation targets are fully achieved.* 100% of hazardous waste is entrusted to qualified professional hazardous
waste treatment units for disposal. In Progress
Taking 2024 as the base year the
energy consumption intensity will
decrease by 8% by 2030.
4 The significant increase in the generation and disposal of non-hazardous waste in 2025 compared with 2024 is
mainly due to the improvement of statistical caliber expansion of statistical scope and refinement of ledger
management this year enhancing data comparability not a substantial increase in actual waste generation.
35Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Energy Management Measures
Case Intelligent and Efficient Central Air Conditioning System
MACMIC actively implements energy conservation and emission reduction measures optimizes its energy
mix and steps up the application of renewable energy; strengthens power supply reliability upgrades The Company has equipped a 600RT multi-head
energy-saving equipment promotes energy-saving technological retrofits and leverages digital tools to magnetic levitation centrifugal chiller unit a 600RT
enable dynamic monitoring and control of energy consumption. Meanwhile the Company regularly organiz- variable frequency water-cooled centrifugal chiller
es energy-saving publicity and training activities to foster a workplace culture that supports energy conser- unit a 800RT multi-head magnetic levitation
vation and emission reduction. centrifugal chiller unit a 800RT variable frequency
Energy Conservation Measures water-cooled centrifugal chiller unit six 65kW
cooling capacity four-pipe air-cooled module
chilled/hot water units and six 130kW cooling
Intelligent and Efficient Central Air
* Initiate power system retrofits to enhance energy reliability and equipment stability capacity air-cooled module chilled/hot water units Conditioning System
under emergency conditions; and six 130kW cooling capacity air-cooled module
* Deploy DVR (Dynamic Voltage Restorer) systems in phases to effectively address chilled/hot water units ensuring 24/7 uninterrupted cooling and heating supply throughout the
voltage sags voltage fluctuations and power quality anomalies. year. The intelligent and efficient central air conditioning system adopts technologies such as
variable flow operation of chilled water and cooling water cooling tower near-wet-bulb tempera-
ture control and chiller operation in the high-efficiency zone enabling one-button start/stop and
safe and efficient operation. The system provides over 10 million kWh of cooling and heating energy
* Adopt frequency converters in all compressors water pumps air conditioning units annually with total power consumption of less than 2 million kWh achieving a chiller plant room
exhaust fans etc.; energy efficiency ratio of 5.0 which is more than 40% energy savings compared to traditional
* Use high-efficiency energy-saving equipment ensuring that chillers meet Level 1 cooling and heating systems.energy efficiency requirements and other equipment such as transformers and
oil-free variable frequency centrifugal air compressors meet Level 2 energy efficien- The main types of energy consumed by the Company include gasoline diesel and electricity with no
cy requirements; consumption of natural gas steam coal or liquefied petroleum gas.* Indoor and outdoor lighting use high-efficiency/high-power-factor LED fixtures;
outdoor streetlights and courtyard lights are powered by photovoltaic energy. Indicator Unit 2025
Gasoline Ton 8.01
* Adopt new energy-saving technologies and processes and prepare an energy-sav-
ing feasibility analysis report before project initiation; Diesel Ton 2.03
* During the Reporting Period the Company added fresh air inlets to the laboratory’s
air conditioning units installed secondary return air inlets to the R&D workshop and Purchased Grid Electricity kWh 29912765
warehouse and added cooling water pipes to the second plant’s vacuum pumps
these measures have effectively reduced energy waste and saved over RMB 100000 Photovoltaic Power Generation kWh 2266737
in electricity costs annually.Renewable Energy Consumption tce 278.58
Percentage of Renewable Energy Consumption in Total Energy % 7.55
* Establish an energy consumption monitoring system that uses intelligent electrical Consumption
data acquisition to monitor energy consumption data and key parameters in real Total Energy Consumption tce 3691.02
time and uploads the data to an integrated energy consumption management
system; Total Energy Consumption per Million Revenue tce 2.74
* Build an intelligent and efficient central air conditioning system to ensure safe
stable and energy-saving operation of the workshop production environment. Total Energy Consumption per Unit Output tce/10000 Units 4.31
36
Power Consumption Equipment Energy-Saving Digitalized
Management Management Technology Retrofit ManagementSustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
Development Governance Building a New Practices to Safeguard Co-Building a New Fulfilling the New Era
Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Water Resource Utilization * Promote water-saving processes such as countercurrent rinsing and spray rinsing; optimize cleaning tank design to reduce overflow;
* Formulate the Reclaimed Water Reuse Management System construct a reclaimed
Management System water reuse system and strengthen cascade utilization and recycling of water
resources; adopt high-efficiency EDI and ultrafiltration technologies and optimize
MACMIC strictly adheres to national and local laws and regulations such as the Water Law of the People's reverse osmosis (RO) recycling rate;
Republic of China. The Company has established the Water Resource Management System and the Water * Construct a cooling water system and increase the concentration ratio of circulating
Conservation Management System and continuously improves and establishes the responsibility system for cooling water.water conservation work. The Company has established a leading group headed by the General Manager
which is responsible for strategic decision-making and major investment approval regarding water resources
management. The Manufacturing Center serves as the designated department for water resources manage-
ment responsible for policy implementation supervision data analysis and continuous improvement. The * Establish an intelligent integrated management system for water electricity and
production workshops facility management section laboratories warehouses and other functional depart- gas to collect and analyze water consumption reuse and discharge data across
ments are water-using units responsible for the daily management of water-using equipment and the the plant and individual units.implementation of water conservation measures in their respective departments.To strengthen water resources management the Company has set water conservation targets based on its
actual production conditions regularly monitors progress toward these targets and dynamically optimizes
water-saving measures based on water consumption data ensuring that the conservation goals are steadily
met.* Regularly conduct water conservation publicity via internal websites bulletin
Target Achievement boards meetings and other channels;
* Provide specialized training on water-saving technologies for operators
Average Water Recycling Rate of the Concentrated Reuse System Achieved engineers and management personnel;
in 2025: 45% * Encourage employees to submit reasonable suggestions for water conservation.Fresh Water Saved in 2025: 30000m3 Achieved
Water Conservation Measures
Case Water-Saving Project on Concentrated Water Reuse
The Company's water supply is all from municipal water sources. The Company has implemented a series of
water conservation measures leveraging technology precise monitoring and daily management to MACMIC's Xinzhu Plant has installed an RO concentrate reuse
effectively promote water conservation and recycling achieving sustainable development. system. Primary concentrate generated from the pure water
system is treated in this RO system. Upon meeting water quality
Water Conservation Measures standards the treated water is recycled back to the production
pure water system while the secondary concentrate produced
during treatment is diverted to the reclaimed water system.* Ensure the integrity of the water supply pipeline network and conduct regular The reclaimed water is colorless odorless and highly transparent
inspections to prevent leakage and dripping; and is applied to toilet flushing and landscape irrigation. During
* Prioritize the selection of water-efficient equipment and implement focused the reporting period the average reuse rate of the concentrate
monitoring and optimization of high water-consumption equipment. treatment system reached 49% delivering an annual fresh water
saving of 40146 m3. Concentrated Water
Reuse System
37
Water-Saving
Technology Application Data Monitoring
Water Conservation
Publicity and Training
Facilities ManagementSustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Indicator Unit 2025
Total Water Consumption Ton 215682
Total Water Consumption per Million Revenue Ton 160.04
Fresh Water Consumption Ton 154482
Total Water Recycled and Reused Ton 61200
Water Recycling and Reuse Rate % 28.38
Circular Economy
MACMIC deeply integrates the circular economy concept into its full life-cycle material management establishing a standardized control system
covering raw materials and packaging materials. The Company has formulated internal management systems such as the Management Method for
Module Raw Material Warehouse and the Management Method for Module Finished Product Warehouse building a sustainable and efficient material
management model across the entire chain of procurement storage and circulation.MACMIC primarily uses cardboard boxes and plastic boxes as packaging materials in its production processes. The Company has formulated the
Warehouse Packaging Work Instruction and the Packaging Design Specification which sets out clear quality requirements of material RoHS&REACH
ESD and other characteristics. It has also established packaging standards for different products reasonably selecting cushioning materials and
optimizing packing density to reduce packaging material redundancy. For second-hand plastic packaging boxes the Company has established the
Management Measures for Outsourced Recycled Packaging Boxes established a mechanism for packaging material recycling and sorting and
standardized cleaning process to ensure safe and compliant use. Meanwhile the Company promotes the recycling and reuse of intermediate materi-
als such as double-layer plastic frame trolleys and anti-static trays effectively reducing packaging waste and building a sustainable packaging
ecosystem.Indicator Unit 2025
Blister Packs Ton 161.30
Cardboard Boxes Ton 83.80
EPP Ton 39.10
Total Consumption of Main Packaging Materials Ton 284.20
Use Intensity of Main Packaging Materials Ton/RMB 10000 Revenue 0.0021 Packaging Management
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Green Workplace
节 Protection of Ecosystem
MACMIC adheres to the concept of green workplace by optimizing energy management reasonably adjusting air conditi水oning temperatures and
技 and Biodiversity
promptly turning off idle equipment to reduce electricity consumption. The Company posts environmental protection slogan术s in workplaces and sets
up a water conservation culture wall encouraging employees to develop good habits such as turning off lights when leavi应ng and conserving water
and electricity. It also promotes paperless office practices to reduce paper use and unnecessary waste. Futhermorethe Com用pany has fully promoted MACMIC strictly adheres to relevant international conven-
new energy vehicles replacing conventional fuel-powered models with new energy forklifts trucks and cars and a total of 37 charging piles have tions and standards such as the Environmental Protection
been built within the park to facilitate green commuting. In addition the Company continuously strengthens employees' environmental awareness Law of the People's Republic of China the Wildlife Protection
through various activities such as World Earth Day campaigns to foster a low-carbon and energy-saving atmosphere. Law of the People's Republic of China the China National
Biodiversity Conservation Strategy and Action Plan and the
Convention on Biological Diversity. The Company places a
strong emphasis on ecological protection in its business
activities which do not directly impact ecosystems or biolog-
ical genetic resources.MACMIC has formulated the Biodiversity Protection Manage-
ment Policy and implements ecological protection concepts
throughout the entire life cycle of project construction and
operation. Prior to the siting of new projects or major
expansions the Company requires a biodiversity baseline
survey to be conducted in and around the project area to
identify key species rare and endangered species important
ecosystems and ecologically sensitive areas striving to
Sign for Turning off the Lights When Leaving Sign for Saving Paper Campus Charging Stations and New minimize the impact of its production and operations on
Energy Vehicles ecosystems and biodiversity.Water Conservation Culture Wall Arbor Day Poster
3903
Empowering Innovation SDGs Responded
Co-Building a New Industrial Ecosystem
MACMIC focuses on enhancing industrial value and deepens its presence in the power semiconductor industry. The Company consolidates core competitiveness of
products through continuous technological innovation ensures their safety and reliability through full-process quality control strengthens customer relationships
through efficient customer service and a closed-loop satisfaction optimization mechanism and secures a robust supply chain through standardized supply chain
management. At the same time the Company strictly upholds information security and data protection leveraging multiple dimensions to enable high-quality
industrial development.Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
Development Governance Building a New Practices to Safeguard Co-Building a New Fulfilling the New Era
Foreword About MACMIC Governance Governance Structure Our Green Home Industrial Ecosystem Mission Appendix
Innovation-Driven Development R&D Team
MACMIC places great emphasis on R&D team development and has built a
Innovative Management System core R&D team with a sound professional structure outstanding innovation
capabilities and well-established succession tiers. Through regular training
and hands-on project experience the Company continuously strengthens the
Governance team's technical expertise and enhances its ability to tackle innovation
challenges. A high-caliber R&D talent pipeline serves as a solid foundation for
the Company's technological innovation and product upgrades.Adhering to the R&D philosophy of ?Focus on Needs Deliver Value Build the Brand? MACMIC has formulated systems such as the R&D
Project Management Method the R&D Project Change Management Procedure and the Advanced Product Quality Planning Control
Procedure forming a clear innovation R&D governance system. The Company has set up the R&D Center as the core hub for technological
innovation which consists of the Module R&D Department the Chip R&D Department and the Laboratory. The Module R&D Department R&D Team
focuses on new product and new process development for power modules the Chip R&D Department is responsible for the structure and
process design of discrete devices and the Laboratory provides testing and analysis support during the R&D process. The General Manag-
er is responsible for the appointment of project managers project resource allocation and approval of key milestone in R&D project Indicator Unit 2025
management as well as management support for the projects.Number of R&D Personnel Person 220
R&D staff ratio % 18.72
R&D Center
43 people 3 people 56 people
Chip R&D Department Module R&D Department Laboratory
By Educational By Gender
Background
174 people 164 people
Bachelor?s Degree Master's Degree Male Female
and Below
Doctoral Degree
Organizational Chart of R&D Center
41
Characteristic Analysis
Laboratory
Failure Analysis
Laboratory
Reliability Laboratory
Module Innovation
Research Laboratory
R&D Line
Industrial Control Section
Wind-Solar-Storage
Section
Automotive Grade
Section
WBG Section
EASY Section
Chip Innovation Research
Laboratory
Chip Product Section
Discrete Device Section
Wide Bandgap Section
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Certification
R&D and Innovation Certification
National "Little Giant"
National High-Tech Enterprise (Specialized National Intellectual National High-Tech Industrialization Demonstra- Property Advantage National Green Supply
Enterprise Refined Distinctive tion Project Innovative) Enterprise
Chain Enterprise
Excellent Pilot Enterprise
Innovative Leading
Changzhou Green Advanced Smart Factory for New Power Semicon-
National Green Factory Enterprise of Jiangsu Factory of Jiangsu Province ductor Standardization of
Province Jiangsu Province
R&D and Innovation Organization
Executive Director Unit of
3rd-Gen Semiconductor Leading Drafting Unit
Industry Tech Innovation of National IGBT and
Strategic Alliance FRD Standards
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Strategy
Based on industry trends and its own development status the Company systematically identifies potential risks and opportunities in its operations. During the Reporting Period the R&D Center conducted the risk and opportuni-
ty assessment for the design and development process and prepared the Risk and Opportunity Assessment Form.Likelihood of Impact on the Financial
Type of Risk/Opportunity Description of Risk/Opportunity Impact Countermeasure
Occurrence Duration Value Chain Impact
* Develop a detailed project plan during the project initiation phase
Increase in defining timelines for each product development milestone and
* The product design and development cycle exceeds * Short operating
term regularly track and confirm project progress to ensure the delivery
Risk Technological customer expectations posing a risk of delivery delay; Low * Operations cost and cycle remains under control;
Risks * Manufacturing processes are difficult to realize resulting * Medium decrease in * Allocate process engineers at the R&D stage in advance fully consider
in low product yield. term operating production conditions and realization requirements in the early phase
revenue of design thereby improving process feasibility and product yield.* Rapid growth in downstream sectors such as new energy
industrial control and other emerging technology fields
continues to drive strong demand for high-performance * Medium * Actively participate in industry technology innovation organizations
* Upstream
Opportu- Industry high-reliability power semiconductor products effectively
Increase in
term and alliances strengthen technical exchanges and cooperation with
Opportunities Medium * Operationsnities promoting product iteration and market expansion;
operating
* Long peer companies and promote the sharing of technical resources and
* Downstream
* Breakthroughs in new materials and process technologies revenueterm collaborative innovation.within the industry can be applied to optimize the perfor
mance of existing products and control costs.Impact Risk and Opportunity Management
Taking into account the characteristics of power semiconductor R&D operations industry policy and regulatory requirements and upstream and downstream value chain influences the Company has established a risk and
opportunity management mechanism covering the entire innovation R&D process forming a standardized management pathway.The Company regularly collects internal and external information related to innova-
tion and R&D. Internally it focuses on dimensions such as R&D project progress The Company establishs a regular monitoring mechanism. By leveraging
Risk Identification technical difficulties and talent reserves; externally it monitors industry technology Risk Monitoring the R&D project management system the company tracks dynamic
trends policy support directions market demand changes and the intellectual changes in high-priority risks and opportunities in real time.property environment to form a risk and opportunity identification list to ensure no
key elements are missed.For significant risks identified through assessment the R&D Center refers
Based on the two-dimensional assessment model of "Likelihood of Occurrence–Im-
to the R&D Project Change Management Procedure and risk response
pact Level" it conducts quantitative analysis of identified risks and opportunities.Risk Assessment Risk Management plans to develop targeted measures. It regularly evaluate the effectiveness
Considering inherent risks and existing control measures it determines and ranks
of management and dynamically optimize to ensure risks remain under
residual risk levels and identifies high-priority items requiring focused attention.control.
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Metrics and Targets
Measures and Achievements of R&D Innovation
R&D Innovation Targets and Plans
Support for R&D Innovation
Target in 2025 Achievement in 2025
To continuously stimulate the innovation vitality of all employees and strengthen core technology
Self-Developed EDT3 Chips and Customized Automo- breakthroughs and result commercialization the Company has established a regular R&D innovation
tive-Grade Modules to be Shortlisted by Mainstream Tier 1 Achieved incentive mechanism set up annual project-specific incentives and adopted innovation achievements and
Suppliers and Achieve Mass Delivery work performance as key criteria for awards and recognition. In addition the Company has created a special
award named "Technology Innovation Pacemaker" to grant project-specific rewards to employees who have
The GWB Module Integrating 1200V 300A M7i High-Cur-
Achieved made outstanding contributions in areas such as technological innovation key breakthroughs and result rent Chip to Pass Customer Validation for Electrification of
implementation.Construction Machinery
During the Reporting Period the Company held the Engineer Conference to publicly commend and reward
The NCB SiC Module to Pass System-Level Certification outstanding employees with remarkable innovation capabilities and significant breakthrough achievements
from a Leading Overseas AI Server Manufacturer and to Achieved which has fully mobilized the innovation enthusiasm of technical personnel and effectively improving overall
Start Small-Batch Mass Production R&D innovation efficiency.Investment in R&D
Indicator Unit 2023 2024 2025
Investment in R&D RMB 1 million 108.10 109.76 115.36
Proportion of Total R&D Investment
to Operating Revenue % 7.18 8.24 8.56
2025 MACMIC Engineer Conference
Industry Standard Participation
MACMIC actively participates in the development of industrial technical standards. Leveraging its core
innovation strength the Company empowers the standardized development of the industry builds
consensus on industrial innovation through standardization and leads the direction of technological
progress. By the end of the Reporting Period MACMIC has led or participated in the development of a
total of 9 national standards 11 industrial standards and 26 group standards. During the Reporting Period
alone the Company led or participated in the issuance of 10 technical standards further solidifying its
leading technological position in the industry.
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R&D Achievements
During the Reporting Period the Company continued to deepen its industry-university-research collaborative innovation model actively partnering with leading industry peers to establish joint R&D project teams. By integrating
multiple technical resources and R&D strengths the Company carried out collaborative efforts in core technology breakthroughs and product innovation. With its strong technological innovation capabilities and product
performance the Company successfully won the "Automotive Grade Excellence Award". Meanwhile innovative products from its subsidiaries also received relevant honors due to their outstanding technological breakthroughs
and excellent performances.Case MACMIC Won the "Automotive Grade Excellence Award" Case MacMic Ai-SEMI GaN Product Won "Annual Excellent Product"
In December 2025 MACMIC successfully won the "Automotive In December 2025 MacMic Ai-SEMI a subsidiary of MACMIC
Grade Excellence Award" in the domestic power device industry. won the "Annual Excellent Product" award for its 650V enhance-
Relying on years of R&D experience in power semiconductors ment-mode GaN HEMT product. Targeting the high-efficiency
the Company has continuously broken through technical power demands of data centers this product is compatible with
barriers. Its automotive-grade products excel in key indicators CRPS power supplies. With performance advantages such as
such as temperature resistance voltage resistance and heat low power consumption and high power response speed it
dissipation and have gained recognition from multiple provides a high-quality solution for the green and high-density
mainstream automotive manufacturers. This award further Scene of the Award Ceremony transformation of data centers demonstrating the Company's
solidifies MACMIC's market position in the new energy vehicle ?2025 Annual Excellent Product technical R&D strength in the third-generation semiconductor
power semiconductor sector. Award? Certificatefield.Indicator Unit 2023 2024 2025
Total Number of Authorized Patents Item 132 133 148
Number of Patent Applications Item 187 199 235
Number of Valid Patents per Million Yuan of Operating Revenue Item 0.09 0.10 0.11
By Patent Type
Total Number of Authorized Invention Patents Item 41 43 52
Total Number of Authorized Utility Model Patents Item 85 83 84
Total Number of Authorized Design Patents Item 6 7 12
Other IPRs
Total Number of Software Copyrights Item 3 3 3
Number of Software Copyrights per Million Yuan of Operating Revenue Item 0.0020 0.0023 0.0022
Total Number of Trademarks Item 9 9 11
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R&D Platform Construction
The Company has been continuously building multi-level high-caliber R&D platforms. It has established a number of national-level and provincial-level innovation hubs including the Jiangsu Engineering Research Center for
New Type of Power Semiconductor Devices the Provincial Enterprise Technology Center the Jiangsu New Power Semiconductor Device Engineering Research Center and the National Postdoctoral Research Station. These
platforms support technological breakthroughs achievement transformation and talent cultivation.Protection of Intellectual Property Rights
Management System
Adhering to the intellectual property policy of ?Promoting Corporate Upgrading and Development through Technological Innovation and Safeguarding Industry-Leading Advantages through Intellectual Property Rights (IPR)
Protection?? MACMIC has established and continuously improves its intellectual property rights management system. The Company has formulated a series of management systems including the Intellectual Property Rights
Management Measures and the Intellectual Property Rights Manual and strictly implements them. The Intellectual Property Rights Leading Group has been set up as the governing body for intellectual property rights composed
of the Company's General Manager Deputy General Manager and heads of key departments. The General Manager serves as the head of the Leading Group responsible for macro-level IPR management. The General Manager's
Office is responsible for day-to-day IPR management with relevant departments such as the Quality Center and R&D Center providing coordinated support.Protection Measures
IPR Acquisition and Maintenance Dispute Resolution Mechanism Information and Confidentiality Management
Standardize the application processes for patents trademarks Establish an IPR dispute monitoring and emergency response plan. Define confidential areas and personnel; regulate the use and
and copyrights; establish a categorized management ledger; Upon detection of infringement or being infringed collect storage of confidential documents and equipment; require
regularly evaluate the value of IPR; handle ownership changes evidence send warning letters and resolve disputes through employees to sign confidentiality agreements upon hiring and
renewals or abandonment procedures. negotiation arbitration litigation or other means. complete IPR handover upon departure; strictly prevent the
leakage of trade secrets.Legal Compliance Assurance Internal Audit and Improvement
Track updates to IPR-related laws and regulations and promptly Conduct internal audit and management review of the IPR
communicate them to all departments; ensure management management system at least once a year; identify issues and
activities comply with requirements such as GB/T 29490-2013 formulate corrective actions; continuously optimize the effective-
Enterprise Intellectual Property Management Specification. ness of the management system.Science and Technology Ethics
MACMIC focuses on the design R&D production and sales of power semiconductor devices and is not involved in technologies or application scenarios that may raise ethical controversies. The Company does not have any
science and technology ethics issues to disclose. We consistently adheres to laws regulations and industry standards and upholds the principle of integrity in its product R&D and business activities.
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Supply Chain Security
Supply Chain Management
Governance
The Company has established a systematic supplier management system covering key aspects including access evaluation perfor-
mance and risk control ensuring that supply chain activities are standardized transparent and risks are effectively mitigated. The Com-
pany has formulated the Classified Management of Suppliers the Supplier Selection Qualification and Evaluation Management Proce-
dure and the Supplier Performance Management Measures which specify full lifecycle management requirements for direct material
suppliers and integrate ESG performances such as environmental protection hazardous substance control and conflict minerals man- Key Performance in 2025
agement into access thresholds. Regular assessment and classification are carried out based on quality delivery price and service
responsiveness linked results to procurement quota and sample manufacturing qualification forming a closed-loop management MACMIC cooperated with a total of 71 suppliers. Among them
system that balances incentives with accountability. 40 suppliers are located in Jiangsu Province accounting for
The Supply Chain Management Center is managed by the Deputy General Manager forming a supplier management system led by the
Purchasing Department with multiple departments collaboration. The Purchasing Department oversees supplier development on-site 56.34% of all its suppliers and local purchasing contribut-
audit performance evaluation and secondary supplier management. The Quality Management Department is responsible for on-site
audit and re-audit quality verification and incoming material exception handling. R&D Finance Risk Control and other departments ing to 57.39% of the total.participate in technical evaluation financial audit and credit investigation respectively. Meanwhile the Company has set up an ESG
Management Department responsible for policy and business empowerment and supplier ESG risk rating. Through collaborative mech-
anisms such as review panels and annual audit plans all departments form a full-process cross-functional management network
covering supplier introduction cooperation supervision and exit.During the Reporting Period the Purchasing Department organized multiple professional training sessions focusing on procurement
and supplier management covering risk control performance management cost control and other key areas aiming to enhance the
professional competence and business response capability of the procurement team.
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Strategy
Combined with its position in the industrial chain and high dependence of its main business on supply chain stability the Company systematically identifies relevant risks throughout the process from raw material procurement
to product delivery so as to address industry challenges and seize opportunities in green transformation.Type of Likelihood of Impact Impact on the Financial Description of Risk/Opportunity Countermeasures
Risk/Opportunity Occurrence Duration Value Chain Impact
Suppliers of key raw materials and core compo-
* Conduct annual capacity surveys and daily tracking for key sup-
Supply nents may delay production reduce output or * Upstream Increase in
* Short term pliers (Class I and II materials) evaluate their delivery stability in Chain
Risk suspend supply due to natural disasters geopo- Medium * Operations operating accordance with the Supplier Performance Management Mea-
Disrup- litical conflicts limited production capacity and * Medium term * Downstream costs sures and promote a supplier diversification strategy to diversi-
tion Risk other reasons resulting in failure to implement
fy risks.production plans normally.By implementing sustainable procurement and
giving priority to raw materials and suppliers
Product
with environmental compliance and high energy * Take environmental qualifications and sustainability perfor-* Upstream
Oppor- and efficiency the Company can respond to down- * Medium term Increase in mance as important evaluation dimensions in supplier access
Service Medium * Operationstunities stream customers’ demand for low-carbon prod- * Long term operating and performance assessment to guide the supply chain toward
Opportu- * Downstream
ucts build a green brand image thereby gaining revenue green transformation.nity
market share premium and attracting ESG-ori-
ented investors.Impact Risk and Opportunity Management
To build a robust and responsible supply chain MACMIC has established a systematic and process-oriented supply chain risk and opportunity management system which ensures the resilience and sustainable development
of the supply chain through institutionalized and regular management measures.The Company systematically identifies operational compliance and
Risk The Company conducts quarterly performance tracking for qualified suppliers Risk disruption risks through supplier access surveys on-site audits daily
Monitoring implements annual on-site audits for key suppliers and regularly updates supplier Identification performance data and market public opinion monitoring. qualifications and compliance documents to realize dynamic monitoring.The Company adopts tiered measures for different risk levels: supplier interview for
The Company classifies suppliers into grades A–D based on quarterly
Risk Risk improvement activation of the Secondary Supplier Development Management Mea-performance scores and comprehensively determines risk priorities com-
Assessment Management sures adjustment of procurement share and executing contingency plans for raw bined with material criticality.material supply disruptions to ensure business continuity.
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Metrics and Targets
Metrics Targets
Indicator Unit 2025 Target Achievement in 2025
Number of Suppliers Certified with ISO 9001 Entity 71 100% Integrity Agreements Signing Rate Achieved
Number of Suppliers Certified with ISO 14001 Entity 50 100% Supplier Commitment Letters on Non-Use of Achieved
Conflict Minerals Signing Rate
Number of Suppliers Certified with ISO 45001 Entity 30 Quantity of Conflict Minerals Purchased: 0
Revenue from Products Using Conflict Minerals: 0 Achieved
Number of Suppliers Suspended due to Non-Compliance Entity 0
Number of Prospective Suppliers Rejected due to Non-Compliance Entity 0
Supplier ESG Management
MACMIC attaches great importance to the sustainable development and responsible management of the supply chain and fully integrates ESG requirements into the supplier management system. The Company has formulated
the Supplier ESG Risk and Due Diligence Management System and established a systematic ESG evaluation access dynamic assessment and exit mechanism to continuously improve the compliance and resilience of the supply
chain.Supplier ESG Evaluation Access and Due Diligence Supplier ESG Dynamic Assessment and Exit Mechanism
The Company has established a strict screening mechanism for supplier access clearly The Company implements a tiered and classified supplier audit system to ensure that suppliers continuously meet ESG
requiring suppliers to operate continuously for no less than 3 years have a tax payment requirements throughout the cooperation. New suppliers must pass on-site audits and key suppliers shall be audited once a
credit rating of Grade B or above and set up an independent quality department. When year in principle covering quality environment safety management and social responsibility performance. The Company
introducing new suppliers the Purchasing Department issues the Supplier ESG Risk Due conducts quarterly performance assessments for qualified suppliers including quality delivery cooperation and ESG require-
Diligence Questionnaire to conduct document review and on-site investigation covering ments such as timely submission of third-party RoHS reports. Meanwhile the Company clearly defines suppliers? compliance
human rights protection environmental protection occupational health and safety and obligations in environmental protection labor and human rights in the Annual Procurement Agreement to realize contractual
requiring suppliers to obtain relevant system certifications. With reference to international control of ESG requirements.standards the Company has set ESG red-line issues and a dynamic supervision mecha-
The Company has established a systematic and responsible supplier exit mechanism. The exit process will be initiated if a
nism strictly prohibiting child labor forced labor payment below minimum wage
supplier consistently fails to meet performance standards (graded D with ineffective rectification) incurs major quality or
standards and major environmental violations. In addition the Company explicitly prohib-
delivery accidents violates environmental and social responsibility commitments or requires business adjustment. The
its the use of prisons as suppliers or subcontractors and requires suppliers to sign the
supplier exit process includes cross-departmental review formal notification transition arrangement system disablement and
Letter of Commitment on Non-Use of Conflict Minerals the Social Responsibility Policy
alternative resource connection to ensure orderly exit and prevent supply chain disruption risks.Commitment and the Integrity and Anti-Corruption Commitment to systematically prevent
ESG risks and ensure the supply chain complies with sustainable development principles.
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Supplier Communication and Training Responsible Procurement
To continuously enhance supply chain ESG awareness and management capacity MACMIC actively carries MACMIC is committed to establishing transparent compliant fair trustworthy and sustainable cooperative
out supplier communication and training and joins hands with suppliers to build a responsible and sustain- relationships with business partners and it has formulated policies such as the Supplier Code of Conduct and
able supply chain ecosystem. In 2025 the Company held the supplier conference themed "Collaboration·Ex- the Business Code of Conduct which define the behavioral norms and ethical standards for suppliers to
cellence·Win-Win"? interpreting the power semiconductor market trend and power device technology ensure the transparency and fairness of procurement activities and jointly safeguard sound business order
development and providing special training and communication for suppliers on quality control integrity and market environment. In terms of sustainable procurement the Company clearly requires all suppliers to
and compliance. Focusing on product life-cycle reliability the Company jointly built high-quality supply abide by relevant national and international environmental laws and regulations and actively fulfill environ-
chain competitiveness with suppliers embedded compliance requirements into procurement rules and mental responsibilities through the Annual Procurement Agreement. The Company strictly implements
full-life-cycle supplier management strengthened bottom-line constraints and shared responsibility and hazardous substance control requirements such as RoHS urges suppliers to carry out hazardous substance
promoted sustainable and compliant collaborative development of the supply chain. surveys submit compliance commitments and third-party test reports and clearly mark environmental
compliance on product packaging so as to ensure the environmental friendliness and safety of products
from the source. Meanwhile the Company is committed to improving the efficiency and transparency of
supply chain management through smart procurement encouraging suppliers to continuously innovate in
process improvement quality enhancement and cost optimization and jointly achieving cost reduction and
efficiency improvement.Conflict Minerals
The Company has established the Conflict Minerals Commitment and Policy which requires the suppliers of
MACMIC to sign the Declaration on Non-Use of Conflict Minerals. The Company has incorporated whether
suppliers are involved in the mining production and procurement of minerals from conflict areas into its
supplier assessment system and required the tracing of information on the sources of tantalum tin
tungsten gold and other minerals contained in products by conducting supply chain risk identification and
analysis and formulating work processes and relevant measures for conflict minerals management to ensure
that the sources of the company's raw materials do not involve minerals produced in conflict-affected areas.MACMIC 2025 Supplier Conference
Key Performance in 2025
MACMIC conducted 1 supplier ESG training session with 39 supplier participants and Equal Treatment of Small and Medium-Sized Enterprises
a total training duration of 78 hours. The ESG training coverage rate for key suppliers Adhering to the cooperative principles of fairness openness and transparency MACMIC treats small and
100 medium-sized enterprises (SMEs) equally in procurement and cooperation and actively provides equal was %. business participation and development opportunities for high-quality SMEs. During the Reporting Period
the Company had no overdue payment to SMEs.
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Safety and Quality of Products and Services
Quality Assurance System
Governance
Upholding the quality policy of ?Adhere to Independent Innovation Scientific Management and Continuous Improvement Provide Better Products and Services Meet and Exceed Customers? Requirements and Expectations?
MACMIC has established a quality management system covering the full product life cycle and formulated a number of management policies including the Quality Manual. As senior management the General Manager is respon-
sible for appointing the management representative for quality defining the quality responsibilities and authorities of the Company?s leadership and fully overseeing the establishment and control of the quality management
system. The Company has set up a Quality Center as the centralized department for quality management clarified the quality responsibilities of departments such as the R&D Center Manufacturing Center Supply Chain Manage-
ment Center Marketing Center and other departments and assigned full-time quality management personnel to each link forming a quality management structure with clear division of employees and defined powers and
responsibilities. During the Reporting Period the Company and its subsidiary Core Energy have both obtained ISO 9001:2015 and IATF 16949 certifications. MACMIC also obtained ANSI/ESD S20.20-2021 ESD Protection
Management System Certification and its products passed UL certification. Meanwhile the Company won the title of the 7th Hidden Champion of Made in China and ranked first in China in terms of market share of industrial
IGBT modules.MACMIC ISO 9001 Quality MACMIC IATF 16949 Management Core Energy ISO 9001 Quality Core Energy IATF 16949 ANSI/ESD S20.20-2021 ESD Protection
Management System Certificate System Certificate Management System Certificate Management System Certificate Management System Certificate
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Strategy
During the Reporting Period the Module Production Department and Quality Management Department of the Company conducted risk and opportunity assessments for product manufacturing and product monitoring and measure-
ment respectively and formulated the Risk and Opportunity Assessment Form.Type of Risk/Op-
Description of Risk/Opportunity Likelihood of Impact Impact on the Financial Countermeasure
portunity Occurrence Duration Value Chain Impact
Some inspectors lack professional competence fail to * Provide operation requirement training and capability assessment
Product master inspection standards and judgment points and Increase in for all personnel engaged in monitoring and measurement; only
Risk Monitoring use non-standard on-site measurement methods Medium * Short term * Operations operating those who pass the assessment can take up posts;
Risk resulting in distorted test results missed or misjudged cost * Conduct assessment for all personnel; only those who pass can
defects and further affecting product yield target. perform operations.Demand for high-reliability power semiconductors has
surges in downstream fields such as new energy
Oppor- Increase in
* Maintain the validity of quality system certification and strengthen
Market vehicles and photovoltaics and customers raise * Medium termHigh * Downstream operating quality control of automotive-grade products;tunities Opportunity requirements for product quality certification thereby * Long term revenue * Optimize the reliability test process of module products according
compliant and high-quality products are more likely to to downstream demand.win orders.Impact Risk and Opportunity Management
The Company attaches importance to risk and opportunity management of product and service safety and quality. Relying on systems such as the Risk and Opportunity Control Procedure it ensures stable product quality and
customer demand satisfaction through full-process risk identification hierarchical assessment dynamic monitoring and targeted control.A regular risk monitoring mechanism is established. All departments conduct regular
Led by the Quality Management Department the Company regularly collects review of risks and opportunities as required at least once a year; the review frequen-
internal quality risk information (such as production process deviation testing
Risk cy will be increased in case of changes in laws and regulations major organizational equipment abnormality) and external quality risk information (such as upstream Risk
Identification adjustments major quality accidents and other situations. Risk management is raw material quality fluctuation downstream customer quality complaints) Monitoring included in internal audit and management review; the effectiveness of risk control
carries out special identification combined with the characteristics of module measures is verified through regular self-inspection and internal audit to timely
production product testing and other links and forms a risk list. capture dynamic changes of risks.The Company adopts an assessment model of “Risk Coefficient= Risk Severity × Differentiated control is implemented for different risk levels: immediate avoidance orRisk Occurrence Frequency” divides risk severity and occurrence frequency into mitigation measures for high risks control plans formulated as needed for general
Risk 5 levels each and classifies risks into high medium and low levels accordingly. It Risk Manage- risks and acceptance of low risks under reasonable cost. Specific measures include
Assessment conducts quantitative analysis on identified quality risks defines judgment ment improving production operation specifications carrying out personnel skill training
criteria and acceptable levels for different risk levels providing a basis for optimizing product identification and traceability processes and strengthening
formulating subsequent control measures. assessment of testing personnel to reduce operational quality risks.
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Metrics and Targets Lifecycle Stage Control Measures
Metrics In accordance with the Advanced Product Quality Planning Control Procedure a
cross-functional team is formed to carry out preliminary planning define special
Indicator Unit 2025 product characteristics analyze design and manufacturing process risks
Design and R&D implement design review verification and validation output technical documents
Product Yield Rate % 97.10 such as control plans and work instructions ensure design output compliance
through production part approval process standardize design change procedures
Annual Internal Quality Audit Time 2 and verify change impacts.Third-Party Random Inspection Time 6
In accordance with the Supplier Management Control Procedure and the Procure-
ment Control Procedure suppliers are screened and evaluated required to
Supply Chain establish a standard-compliant quality management system incoming inspection
Targets Management is conducted for purchased raw materials special product characteristics and
legal requirements are transmitted to suppliers and supply chain quality is
stabilized through second-party audits and supplier development.Target in 2025 Achievement in 2025
Product Yield Rate>97% Achieved Implement the Production Control Procedure carry out job preparation verifica-
tion first and last piece confirmation and post-shutdown verification promote
No Major Customer-Side Quality Incidents Achieved total productive maintenance and 5S management conduct process monitoring
Production and and measurement in accordance with control plans control process fluctuations
Manufacturing with statistical tools implement product identification and traceability manage-
ment adopt error-proofing measures to reduce human errors strictly control
nonconforming products and re-inspect reworked/ repaired products to ensure
Product Quality Management Measures production process and product compliance.Lifecycle Management Anti-rust treatment is carried out before finished products are put into storage;
warehouse temperature and humidity are precisely controlled and finished
Delivery and
products stored for more than 3 months are re-inspected. Packaging strength is
MACMIC has built a quality control Post-Delivery strictly checked before delivery transportation status is tracked in real time and
system covering the full product lifecycle. customer signature confirmation is required upon arrival.From design and R＆D development
supply chain management production
and manufacturing post-delivery service Warehouse personnel shall ensure product protection and inventory control per
to after-sales service it realizes the Warehouse Management Control Procedure. The Quality Management Depart-
pre-control strict process control and ment shall implement product release according to control plans and perform
continuous optimization of quality risks After-Sales Service full-size inspection and functional tests. In addition the Company collects and
through standardized processes special and Improvement processes customer feedback via the Customer Feedback and Complaint Control
systems and cross-departmental Procedure analyzes field failure conditions provides after-sales technical support
collaboration ensuring full-process and synchronizes service information to relevant departments thereby driving
compliance of products. continuous improvement of products and processes.
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Management of Core R&D and Production Processes
While building a quality management system covering the full product life cycle the Company implements refined control around six core processes of R&D and production (computer simulation design chip foundry module
manufacturing testing reliability test and application test). Through full-process quality planning process control full-dimensional test verification and continuous optimization based on customer feedback the Company compre-
hensively ensures high performance and high reliability of products.R&D and Production Testing and Analysis Center
Control Measures
Stage
Optimize design schemes through physical field simulation
Computer
predict product failure risks and determine the optimal design
Simulation Design
path.Cooperate with leading domestic and foreign enterprises to
Chip Foundry strictly control process windows and raw material quality.Semiconductor Power Analyzer Double-Pulse Test Bench IGBT Short Circuit Test Bench
Adopt fully automatic production equipment and apply SPC
Module Manufac- statistical process control for key parameters to reduce produc-
turing tion process fluctuations.Conduct comprehensive static testing dynamic testing and
Testing automotive-grade reliability certification testing.Verify through multi-dimensional tests including environmental
Reliability Test stress electrical stress mechanical stress life span functional UIS Tester Thermal Resistance Test Bench Surge Current Test Bench
perfo rmance and automotive-grade certification.Build a test platform combined with customers’ actual applica-
Application Test tion scenarios optimize electrical performance indicators and
enhan ce product characteristics and scenario adaptability.To support the implementation of full-process quality control the Company has built a professional
hardware laboratory covering three core functional areas: reliability testing characteristic analysis
and failure analysis equipped with 130 hardware devices which can meet the full-chain technical
needs from material performance testing to product failure mechanism analysis providing solid ESD Test Bench LCD Analyzer Digital Microscope
hardware support for the Company?s scientific research innovation and production operation.
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Reliability Laboratory Application Testing Platform
Photovoltaic Testing Platform
High-Temperature Gate Bias (HTGB) High Temperature Reverse Bias High Temperature and High
Test Bench (HTRB) Test Bench Humidity (TH) Test Chamber
Electric Vehicle Testing Platform
High Temperature High Humidity Temperature Cycling (TC) Test Power Cycling (PC) Test Bench
Reverse Bias (H3TRB) Test Bench Chamber
Inverter Testing Platform
Intermittent Operational Life (IOL) Vibration Variable Frequency (VVF) Temperature Shock Tester (TST) Switching Power Supply Testing Platform
Test Bench Test System
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Monitoring of Hazardous Substances
MACMIC always takes product safety and environmental responsibility as the core strictly controls the use of hazardous substances and provides customers with high-quality and sustainable products. The Company has
formulated special systems such as the Hazardous Substance Management Measures built a full-process control system covering product design procurement production to full material declaration and accurately prevents
and controls risks through a hierarchical management mechanism to continuously optimize control processes. On the supply chain side the Company requires suppliers to sign Letter of Commitment on Non-Use of Hazardous
Substances mandating that all products and parts strictly comply with international environmental standards such as RoHS 2.0 REACH and ELV so as to build a solid safety line from the source. Meanwhile the Company regularly
updates the list of hazardous substances controlled in raw materials and MSDS (Material Safety Data Sheet) and strictly tests materials and finished products through a combination of internal XRF testing and third-party ICP
verification to ensure that delivered products fully meet safety and environmental requirements.Training on Product Quality
Focusing on the building core product quality capabilities MACMIC systematically carries out quality tools and methods training for personnel in R&D production quality and other positions and improves employees? quality
analysis and control skills through internal training external training online learning and other methods.Training Course Training Target Core Objective Indicator Unit 2025
Personnel from Chip R&D
Enhance the ability to analyze and
8D Analysis Method and Operation Support Testing Training Sessions on Quality Time 60
solve problems master 8D report
Practical Drilling Technology and Other Depart-
writing methods.ments Quality Training Attendance Person-time 2169
Total Hours of Quality Training Hour 3944
Chip R&D Engineers CQE/DQE Improve DOE design level and be
DOE Experimental Design
Engineers able to submit DOE reports.Quality Management Personnel Master software operation and
Minitab Engineering and Technical statistical analysis and apply
Personnel quality tools.Complete MSA theoretical and
Instrument Calibration and
MSA (Five Characteristics of practical assessment improve
Measuring Equipment Manage-
Testing Equipment) measuring equipment manage-
ment Personnel
ment level.FMEA/QC Seven Basic Familiarize with quality tool
Quality Tools/ IATF 16949 Process Engineers Quality
Management Personnel methodology and realize practical Five Core Tools application.Familiarize with customer audit
VDA6.3 Process Engineers focus and be able to apply in
practice.
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Product Recall Indicator Unit 2025
MACMIC has formulated the Nonconformity Control Procedure which requires the Quality Control Depart- Number of Product Recalls Piece 0
ment and other related departments to strictly identify mark segregate evaluate track and record noncon-
forming or suspicious products aiming to ensure that the non-conforming products do not flow into the next Product Recall Ratio % 0
process or out of the factory. For non-conforming finished products delivered to customers that may result
in serious consequences the Company recalls them to eliminate safety hazards.Product Recall Procedure Customer Service Management
Recall triggered (customer complaint / internal inspection finding) Customer Service Management System
The Company has established systems such as the Key Account Management Measures (Interim) and the
Customer Feedback and Complaint Control Procedure to ensure the timely handling of customer issues and
Quality director classifies the impact of defective products improve customer satisfaction. For customer feedback the Company has specified requirements for handling
time: Customer Quality Engineer (CQE) is required to confirm the abnormality within 4 hours (e.g. shipment
batch defects application conditions etc.) after receiving the complaint; and if the feedback is received by
a Sales or Failure Analysis Engineer (FAE) the relevant personnel is required to confirm promptly and forward
to CQE. For complaints requiring on-site verification the FAE in China must arrive at the customer?s site
Is recall required Yes within 24 hours for overseas customers the timing shall be subject to prior communication.Check product
delivery status
No Customer Service Management Practices
Notify logistics Collect information
for interception publicize risks and Customer Service Training
and return Instruct to stop use minimize impact
The Marketing Center establishes an annual
training plan and organizes sales personnel to focus
on product quality market changes sales skills
customer follow-up and other courses every six
Internal rectification Re-inspection / submission for testing to verify hidden risks months which strengthens service awareness
and issue closure
enhances professional competence and improves
customer satisfaction.During the Reporting Period
Disposal of recalled products (destruction / rectification) the Company organized the Key Account Sales
Strategy Training inviting external lecturers to
provide 12.5-hour training for 57 employees
covering key account sales philosophy process
Trace and file in accordance with procedures
customer analysis value models decision maps and
risk control to enhance key account management
End of process capacity. Site of "Key Account Sales Strategy Training"
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Customer Satisfaction Survey Data Security and Privacy Protection
In accordance with the Customer Satisfaction Control Procedure MACMIC conducted 2025 customer
satisfaction survey using customized questionnaires and scientific measurement methods. The survey aims
to measure the Company?s comprehensive level in business philosophy management technology and Information Security Management System
service through customer satisfaction survey identify areas for improvement and then take effective
measures to continuously enhance the company?s competitiveness.The Company strictly abides by laws and regulations such as the Network Security Law of the People's
Republic of China (hereinafter referred to as the Network Security Law) the Data Security Law of the Peo-
ple's Republic of China (hereinafter referred to as the Data Security Law) and the Personal Information
Protection Law of the People's Republic of China (hereinafter referred to as the Personal Information
Protection Law) and has formulated systems including Computer and Network Maintenance Management
Measures and Confidentiality Code. The Company has set up a Leading Group for Confidentiality Work
Key Performance During the Reporting Period with the General Manager as the group leader and department heads as the first person responsible for
42 33 confidentiality work in their respective departments ensuring that confidentiality responsibilities are clear-The Company surveyed a total of customers of which responded. ly assigned to posts and implemented to individuals. The Company strictly follows the principle of "Mini-
The response rate of satisfaction questionnaires for automotive-grade customers was mum Necessary Access" tightly controls the scope of information access and reduces leakage risks.During
80 the Reporting Period the Company had no incidents of data security breaches or customer information % and that for non-automotive-grade customers was 78.38% both meeting leakage.
statistical standards.In addition to enhance all employees? information security awareness and protection capabilities the
In 2025 the customer satisfaction target for non-automotive product was ≥ 85 with Company carried out training on the Data Information Security Training and Conference Room Use contin-
uously strengthening the professional literacy of relevant post personnel to further safeguard the Compa-
an average score of 87.81 achieving the target5. ny?s information security.The satisfaction target for automotive customers was ≥ 90 with an average score of
90.93 Key Performance in 2025 achieving the target.
MACMIC conducted 3 data security training sessions with 945 participants and the
total training hours amounted to 945 hours.
5 The target dimensions of the 2025 customer satisfaction survey are different from those in 2024
mainly attributable to the upgrade and optimization of the questionnaire which features more
detailed and comprehensive survey dimensions and questions.
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Regularized Security Governance Measures
The Company has established and improved the information security control system making detailed and
clear provisions from daily maintenance of computer equipment network usage specifications to specific
requirements for data confidentiality. Meanwhile it responds quickly to potential security threats through
backup mechanism and early warning mechanism to comprehensively protect the Company?s data security.Information Security and Data Privacy Protection Measures
Backup Mechanism
Server EDR Protection
Important information systems shall establish backup systems regularly back up data
completely and store them centrally and offsite to ensure emergency recovery after data
damage. Check backup data monthly; re-back up timely if damage is found. Emergency Incident Management
To effectively prevent and respond to information security emergencies the
Company has established a systematic emergency incident management
Early Warning Mechanism mechanism and continuously verified and improved emergency response
capabilities through regular drills. In 2025 the Company carried out
In the event of unauthorized intrusion into the network or servers the administrator shall multi-scenario and multi-dimensional emergency drills on a quarterly basis
verify and report to the leadership shut down the server modify firewall rules block or delete covering network infrastructure core business platforms computer room
attacked accounts and cut off access for suspicious users. power and environment systems and other levels. All drills showed that rele-
vant systems and processes can be effectively implemented under preset
fault scenarios and business continuity is guaranteed reflecting the Compa-
Hierarchical Mechanism ny?s capability in prevention detection and recovery of emergencies at the
infrastructure and data service levels providing reliable technical and opera-
The Company adopts a file encryption system and an internal cloud document system. All tional support for data security and privacy protection. ISO 22301 Business
outgoing documents require review and decryption and hierarchical control and manage- In February 2026 the Company has passed ISO 22301 Business Continuity Continuity Management
ment are implemented for personnel and operation permissions. Management System Certification. System Certificate
2025 Information Security Emergency Drill
Internal Audit
The Company regularly conducts internal audits on IT system security management including First Quarter Second Quarter Third Quarter Fourth Quarter
ledger management network security network permissions server management and other A power circuit and Power failure line A server outage on the A comprehensive drill
links. IRF redundancy fault fault and hyper-converged was conducted on the
drill was conducted for configuration platform was simulated computer room
the firewalls and recovery tests to verify the capability of environmental
internal interconnection were conducted automatic virtual machine monitoring system
During the Reporting Period the Company continuously optimized the information security system renovat- equipment in the on the access migration and continuous covering UPS power
ed and replaced the external firewall and added server EDR protection to ensure the sustainable and effective dual-factory campus? switches; business operation; failure and temperature
operation of the Company?s information security system. and humidity anomalies.
5904
Standing United SDGs Responded
Fulfilling the New Era Mission
MACMIC always adheres to the people-oriented principle standardizes employment management improves talent development and incentive systems and builds
platforms for technical empowerment and career growth.It provides competitive compensation and benefits protects employee rights and inspires organizational
vitality to achieve shared growth between employees and the Company. At the same time the Company actively fulfills its social responsibilities by supporting rural
revitalization and engaging in public welfare initiatives. In this way MACMIC gives back to society shoulders the mission of the times and promotes harmonious
coexistence and sustainable development between enterprise and society.Sustainable Practicing Sound Pursuing Low-Carbon Empowering Innovation Standing United
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Employee Composition
Protection of Employees? Rights
and Interests Indicator Unit 2025
Total Number of Employees Person 1175
Compliant Employment Number of Employees from Ethnic Minorities Person 46
Employee Recruitment Number of Veteran Employees Person 5
Employee Turnover Rate6 % 21.22
The Company has established the Employee Recruitment Management Measures 16 People 26 People
and the Recruitment Process and built and continuously been improving a fair 22 People 155 People
and transparent recruitment mechanism. Adhering to the talent selection 507 People
philosophy of " selecting the competent and capable on a fair and competitive
basis" the Company relies on diverse recruitment channels such as online 484 People
recruitment internal referrals headhunting campus recruitment and
school-enterprise cooperation to quickly attract and secure outstanding talent By Gender By Job Level By Age
providing sufficient and qualified human resources for the Company's
operations. In addition the Company actively respond to national policies and
shoulder social responsibilities by providing equal employment opportunities to
special groups such as people with disabilities and veterans. 1137 People 510 People
668 People
Male Female Other Employees Middle Management Under 30 (excluding 30)
Senior Management 30-40 (including 30 excluding 40)
40-50 (including 40 excluding 50)
Campus Recruitment Internal Recruitment 10 People 72 People 103 People15 People 50 and Above
campus presentation internal referral
dual-selection job fair Internal Promotion 1093 People
& Selection By Educational
Background 326 People By Profession
507人
49 People 682 People
Social Recruitment Bachelor's Degree and Below Doctoral Degree Production Technology Administration
Master?s Degree Sales Finance
online platforms (51job Liepin BOSS Zhipin) agency
recruitment headhunter referral
6The employee turnover rate is calculated based on regular employees who have passed the probation period and completed regularization procedures. It does
not include employees who resigned during probation interns and dispatched workers.
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Human Rights Protection Remuneration and Benefits Management
The Company adheres to the principles of inclusion diversity and equality. We strictly Employee Compensation and Benefits
comply with laws and regulations such as the International Labor Organization
Conventions the Labor Law of the People's Republic of China the Provisions on the
Prohibition of Using Child Labor and the Law of the People's Republic of China on the The Company follows the principle of allocating compensation based on job responsi-
Protection of Minors. We have also established and implemented a series of human bilities. In line with policies such as the Salary Management Policy it has built a Key Performance in 2025
rights protection policies including the Anti-Discrimination Management Control market-competitive compensation and benefits system. This system closely aligns
Procedure the Prevention of Harassment and Abuse Control Procedure the Child Labor employee interests with the Company?s development. Employee compensation includes During the Reporting Period the
Rescue Control Procedure the Protection of Young Workers Control Procedure the monthly salary subsidies bonuses and benefits. The monthly salary consists of base
Prohibition of Forced Labor Control Procedure and the Freedom of Association and pay seniority pay confidentiality pay position allowances performance pay and various
social insurance coverage rate for
Collective Bargaining Control Procedure. By strictly implementing these measures we types of subsidies. employees reached 100%?.respect and protect the legitimate rights and interests of our employees. The Company places great emphasis on employee well-being. In addition to offering
The Company firmly opposes any form of discrimination or unequal treatment. In competitive compensation it has established a comprehensive employee benefits
recruitment compensation training promotion and other processes the Company system that clearly defines various benefit mechanisms including health checkups paid
shall not discriminate against or unfairly treat employees on the basis of ethnicity race annual leave and skills training.gender age religion belief disability or other grounds. It strictly implements equal pay
for equal work and provides equal promotion opportunities. The Company resolutely Working Hours Benefits Statutory Benefits Employee Incentives
prohibits child labor. During recruitment it rigorously verifies applicants? ages to
ensure lawful compliant fair and equitable hiring practices. The Company forbids Including overtime pay night Fully contribute to the "Five Monthly/quarterly star employee awards year-end
forced or compulsory labor ensuring that employees engage in work on a voluntary shift allowance attendance Social Insurance Schemes and bonus improvement award innovation award
basis and safeguarding their personal freedom. During the Reporting Period no illegal bonus etc. One Housing Fund" in annual excellence award project award etc.or non-compliant incidents such as employment discrimination child labor or forced accordance with national
labor occurred in the Company and the labor contract signing rate reached 100%. policies.Health Care Benefits Leave Benefits Free Clubs
Annual health checkup free Subsidies for relevant public Organize employee clubs; lease venues for
gym exercise room etc. holidays; full salary payment football basketball badminton etc.; provide
Case Human Rights Protection Measures during annual leave. necessary equipment; regularly organize internal
matches and participate in external competitions.The Company provides
accessible restrooms to Training Benefits Free Meals Accommo-dation & Transportation Other Benefits
offer convenience and
humane care for people Provide skills training team Provide free working meals Including lunch subsidies transportation allowanc-
with disabilities and is building and other career shuttle buses and dormitories es phone allowances wedding gifts condolence
committed to creating a development programs; offer for employees in need. payment for bereavement leaves monthly birthday
fair impartial and subsidies to employees celebrations and gifts sick leave care start-of-work
mutually respectful pursuing further education or bonuses high-temperature allowances special
working environment professional certifications. position allowances travel allowances etc.helping talents fully
unleash their potential. Accessible Restroom 7Among all employees six rehired retirees were not required to be covered by social insurance in accordance with relevant regulations; for the
remaining employees the social insurance coverage rate was 100%.
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Performance Appraisal Management Democratic Management and Communication
Key Performance During the Reporting Period
The Company has established the Performance Appraisal Management Democratic Management Mechanism the Employees Representatives
Plan. Based on different roles and levels we adopt appraisal methods
such as KPI and OKR set corresponding appraisal content and
The Company actively promotes the development of democratic management. It has Congress reviewed and approved 4 frequency effectively motivate employees improve work efficiency
and promote the common development of the Company and its established a Trade Union and an Employee Representatives Congress and formulated
proposals and the Trade Union reviewed
employees. At the same time to ensure the fairness and transparency the Employee Representatives Congress System and the Freedom of Association and
in employee performance reviews the Company has set up an apprais- Collective Bargaining Control Procedure. These measures ensure that relevant work
and approved 7 proposals. Trade
al appeal mechanism. If an appraisee disagrees with the appraisal follows clear rules and standardized procedures effectively safeguarding employees'
result he or she may raise the issue during the appraisal interview or rights to information participation expression and oversight. The Company holds an
Union members accounted for 52%
file an appeal with the Human Resources Department within three annual Employee Representatives Congress and Trade Union meetings to discuss major
of all active employees.days after the result is released. HR will collect performance data matters affecting employee rights and interests and to protect those rights and interests
within five working days and communicate with both parties to coordi- in accordance with the law. The Trade Union serves as a bridge and bond actively coordi-
nate. If no agreement is reached the matter will be submitted to the nating labor relations and organizing various cultural and sports activities thereby
Performance Appraisal Panel for review and reconsideration and its fostering a harmonious united and progressive working atmosphere.approval decision shall be the final appraisal result. Employee Communication Channels
The Company attaches great importance to communication and interaction
Key Performance During the Reporting Period with employees. It timely conveys information and widely collects employee
demands through channels such as workshop interviews Employees'
The percentage of employees regularly receiving Representatives Congress new employee welcome parties suggestion boxes
performance and career development reviews was and the General Manager Mailbox. The Company has also established an
100 anonymous complaint channel according to the internal Employee Grievance %. Management Control Procedure to ensure strict confidentiality of the grievants?
information. During the grievance handling process if there is any retaliation
against the grievant the Company will handle the matter severely in strict
accordance with laws regulations and the Company?s rules and systems. Suggestion Box of Huashan Plant Suggestion Box of Xinzhu Plant
Equity Incentive Employee Satisfaction Survey
The Company values employee experience and internal service Key Performance During the Reporting Period
In April 2025 the Company launched the 2025 Restricted Stock quality and regularly conducts multi-dimensional satisfaction surveys
Incentive Plan (Draft). It set June 13 2025 as the initial grant date and among all employees by distributing questionnaires. In addition to an The Company conducted 6 employee satisfaction surveys?.granted 2.3286 million second-class restricted shares to 116 eligible annual comprehensive employee satisfaction survey the Company The overall employee satisfaction rate for the year was
grantees. This represented 1.09% of the Company's total share capital also conducts quarterly satisfaction surveys on administrative work
as of the announcement date of the draft incentive plan. as well as semi-annual satisfaction surveys on services provided by 95.95%.The Company launched the 2022 Restricted Stock Incentive Plan (Draft) the Finance Department General Office Purchasing Department
in June 2022. In August 2025 we completed the second vesting of the Human Resources Department Laboratory and other departments.restricted shares initially granted under that plan processing the By collecting employee feedback the Company can identify and
vesting for 59 eligible grantees. The number of restricted shares vested address potential issues in a targeted manner further improving its 8In2025 MACMIC conducted 4 employee satisfaction surveys and Core Energy
in this batch was 197456 shares. management practices and working environment. conducted 2 employee satisfaction surveys.
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Care for Employees Protection of Women?s Rights and Interests
Employee Activities The Company attaches great importance to protection of women's rights and interests and the equal development of
women. We strictly comply with relevant laws and regulations such as the Law of the People's Republic of China on the
Protection of Women's Rights and Interests and the Provisions on the Labor Protection of Female Employees. We have also
The Company values employees' cultural needs and humanistic care. We actively organize a formulated the Management Procedure for the Labor Protection of Female Employees to protect the labor rights and interests
variety of cultural and sports activities such as Family Open Day birthday parties of all female employees and support their personal value realization and career development in the workplace. The Compa-
team-building events festival celebrations and basketball games. These activities fully ny strengthens the protection of female employees during menstruation pregnancy childbirth and lactation. We shall not
motivate employees promote mutual communication and enhance team cohesion. In assign female employees during menstruation to work at heights in low-temperature or cold water environments or to
addition the Company cares about employees' mental health. We have launched a series of perform labor of Grade III physical intensity as stipulated by national regulations. We have also set up a nursing room to
courses titled Workplace Mental Health and a Positive Mindset to help employees cultivate provide a safe convenient and comfortable space for female employees during lactation. The Company strictly implements
an optimistic attitude thereby fostering a healthy work environment. statutory leave policies such as marriage leave and maternity leave to effectively protect the leave rights and interests of
female employees. In addition a series of activities such as "Goddess Festival" on International Women's Day are held to
foster a caring and supportive atmosphere further strengthening the sense of belonging and identity of female employees.Key Performance During the Reporting Period
Spring Festival Celebration Family Open Day 13 employees took maternity leave with a 100% return-to-work rate following the completion of
such leave. The proportion of women in management positions was 18%.Employee Training and Development
Basketball Game Birthday Party
Talent Development Philosophy
Support for Employees in Need
Adhering to the talent philosophy of "Maximizing Individual Potential Prioritizing Integrity and Fostering Self-Fulfillment"
The Company cares for employees in need and provides timely financial assistance through the Company places great importance on talent cultivation and has established a comprehensive multi-level talent training
measures such as hardship allowances and charitable fundraising. This helps employees system underpinned by policies including the Training Management Measures and the Promotion Management Measures. It
relieve stress overcome difficulties and enhance their sense of belonging and well-being. provides differentiated promotion paths based on key business needs position value contributions and the professional
requirements of different job families. This helps to create clear talent development pathways and facilitate cross-depart-
mental coordination and knowledge sharing among professional teams.Key Performance During the Reporting Period
Career Progression Path
The Company offered condolences and support to 6 employees suffering
3704.10 The Company values employee career development. It has established and continuously improve the Promotion Manage-from illness with a total amount of RMB . ment Measures establishing three career development tracks: management technical/professional and operational. Each
track features distinct levels and promotion criteria providing employees with a clear career growth path and fully unlocking
talent potential and development capabilities. In 2025 a total of 320 employees with outstanding performance were
promoted.
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Job Grade Management Track Technical/ Professional Track Operational Track Tenure in Role Prior to Promotion
22 General Manager
Chief Scientist
21 Senior Deputy General Manager 3 years
Deputy General Manager
20 Chief Expert
19 Senior Director Senior Expert 2 years
18 Director
Expert
17 Senior Manager 2 yearsPrincipal Senior
Engineer
16
Manager
15 Chief Technician
Deputy Manager
Senior Engineer
14
Senior Specialist
13 Supervisor
Senior Technician 1.5 years
12
Engineer
11 Section Leader
Specialist Technician
10
9
Assistant Engineer Senior Technician
8 Team Leader
Clerk / Assistant
7
Technician
6
5 1 year
Senior Worker
4
3
Intermediate Worker
2
1 Junior Worker
Employee Career Development Path
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Employee Training Measures
The Company has developed the Training Management Measures based on the actual needs of training management outlining the implementation process and assessment mechanisms. The Human Resources Department serves
as centralized management and coordinating body for employee training overseeing and coordinating all training programs. Other functional departments and internal instructors support or assist HR in carrying out relevant
training programs. The Company has established a dedicated training incentive mechanism including tuition reimbursement and learning reward schemes to fully motivate employees' enthusiasm for learning.Training Platform Internal Instructor Team Building
To improve the overall quality of the workforce and deep integration of personal career planning with the Company's development The Company has established an internal instructor team to fully leverage and utilize
strategythe Company introduced the "Beisen Training Platform" and adopted a model combining online learning with offline services. internal resources promoting the sharing and transfer of knowledge experience and
Through this approach It provide employees with comprehensive training throughout the entire process from onboarding to skill skills across various fields. Internal instructors are selected by the Human Resources
upgrading. The platform offers a rich array of course resources. Currently 2617 selected courses are available to employees covering Department. After a trial lecture and evaluation by the panel those who pass the
professional knowledge and practical skills across diverse fields and levels supporting comprehensive and rapid growth of employees. assessment are awarded appointment letters and are qualified to conduct training.During the Reporting Period the Company had a total of 49 internal instructors.Diverse Training Programs
The Company developed a training plan for 2025. It launched programs such as new employee orientation professional skills training and management capability training. These programs support employees? growth needs at
different career stages. At the same time the Company encourages employees to pursue self-directed learning in their spare time. It supports them in pursuing job-related higher education degrees while in employment. The
Company also supports employees in voluntarily obtaining professional certifications and participating in external vocational skills training. This enables them continuously enhance their professional competence and overall
competitiveness.In terms of professional capability building the Company organized professional knowledge training in finance procurement warehousing quality sales and laboratory operations. It also invited external institutions to provide
IATF 16949 qualification certification training to enhance employees' technical competence and practical skills. In terms of leadership development it conducted a special training course titled Classic Techniques of Interpersonal
Communication to effectively improve the team management capabilities of production management staff. The Company also carried out new employee orientation training covering public courses such as corporate culture
semiconductor fundamentals and workplace safety as well as position-specific courses. This helps new employees quickly integrate into the Company's culture and familiarize themselves with job responsibilities.Indicator Unit 2025
Total Training Investment RMB 10000 56.41
Number of Training Sessions Session 932
Total Number of Training Participants Person-time 26271
Employee Training Coverage Rate % 99.32
Total Training Hours Hour 37281.70
Average Training Hours Per Employee Hours/Person 31.73
Employee Training
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Occupational Health and Safety Safety Responsibility System
The Company strictly implements the Work Safety Responsibility System. Following the principle that
Occupational Health and Safety Management System "Whoever is in Charge of the Industry must also be in Charge of Safety Whoever is in Charge of Operations
must also be in Charge of Safety and Whoever is in Charge of Production must also be in Charge of Safety"
we assign safety management responsibilities and sign Work Safety Responsibility Letters at all levels and
The Company adheres to the occupational health and safety policy of "Prevention First Integration of conduct strict assessment and evaluation in accordance with relevant regulations.Prevention and Control and Comprehensive Governance" as well as the work safety policy of "Peo-
ple-Oriented Safe Development Safety First Prevention First Comprehensive Governance and Contin-
uous Improvement". We have established policy documents such as the Occupational Health Manage- Safety Work Objectives
ment System the Environmental Occupational Health and Safety Manual the Safety Work Objectives
Management System and the Fire Safety Management System. We continuously improve the occupa- The Company formulated its 2025 safety work objectives decomposed quantified safety indicators to all
tional health and work safety management system implement a work safety responsibility system and functional departments workshops and basic-level teams and regularly monitored implementation to press
strengthen safety promotion and education to protect the safety and health of all employees. During the forward safety accountability at all levels.Reporting Period the Company experienced no major work safety accidents.To comprehensively strengthen safety management the Company has established the Safety Environ- Target Achievement in 2025
ment and Health Committee (hereinafter referred to as the "HSE Committee"). The General Manager of
the Company serves as the first person responsible for safety holding overall leadership responsibility Work-Related Fatalities: 0 Achieved
for the Company's safety work. The Deputy General Manager as the principal person responsible for
safety also serves as the head of the HSE Committee leading and coordinating safety work directly. In Serious Injuries: 0 Achieved
addition we have created safety officer positions to carry out specific safety supervision and implemen-
tation tasks. During the Reporting Period both MACMIC and Core Energy have obtained ISO 45001 Major Fires: 0 Achieved
Occupational Health and Safety Management System Certification.Occupational Disease Incidence : 0 Achieved
Incident Rate / Employee within the Factory Area: Less than 0.3% Achieved
Rectification Rate for Major Potential Safety Hazards: 100% Achieved
Rate of Special Operation Personnel Working with Valid Certificates: 100% Achieved
Pass Rate of Safety Training Assessments: 100% Achieved
MACMIC ISO 45001 Occupational Health and Core Energy ISO 45001 Occupational Health and
Safety Management System Certificate Safety Management System Certificate
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Upholding the Safety Defense Line Safety Emergency Management
Safety Risk Management The Company attaches great importance on safety emergency and actively conducts various types of
emergency drills to enhance employees' safety awareness and self-rescue and mutual-rescue skills as well as
the command response and handling capabilities of all departments in the face of emergencies. During the
Safety Risk Identification Reporting Period the Company organized a total of 67 emergency drills mainly simulating scenarios such as
mechanical injuries falls from heights hazardous waste leakage pressure vessel explosions and confined
space operations.The Company identifies and evaluates hazards in production operations products and other areas using
scientific and reasonable methods in accordance with the Hazard Identification and Risk Assessment
Management System and the Major Hazard Source Management System and develops optimal control
measures to prevent various types of accidents. Case Mechanical Injury On-Site Disposal Plan Drill
On October 12 2025 the Company organized
employees from the workshop of Xinzhu Plant to
conduct a mechanical injury on?site disposal plan
Safety Hazard Inspection drill. The drill simulated an accidental mechanical
injury scenario. It effectively tested the
The Company has established the Work Safety Inspection System and the System for Identifying and Manag- practicality and operability of the plan reinforced
ing Work Safety Accident Hazards creating a robust mechanism for routine safety hazard inspectionsand employees? emergency response methods for
regularly organizes professional personnel to carry out comprehensive safety monitoring. if any safety mechanical injury accidents and improved the
hazard is identified during the inspection process the Company clearly requires the responsible parties to ability of all departments to command and
complete corrective actions within a specified time limit ensuring that all issues are resolved promptly and handle emergencies.effectively. Mechanical Injury On-Site Disposal Plan Drill
The Company rewards personnel from functional units who promptly identify and properly address potential
safety hazards. It also comprehensively evaluates the quality and quantity of hazards identified by superviso-
ry unit personnel during the inspection process and uses their performance as a reference factor for
employee incentives. By establishing and improving these incentive and evaluation mechanisms the
Company enhances employees' initiative and proactiveness in hazard identification and risk prevention
Case Special Emergency Drill for Pressure Vessel Explosion Accidentreducing risks at the source and effectively ensuring safe operations.On October 13 2025 the Company organized
facility management personnel at Xinzhu Plant to
conduct a special emergency drill for a pressure
vessel explosion accident. The drill simulated a
Key Performance During the Reporting Period
pressure vessel explosion scenario and covered
The Company identified 116 on?site rescue emergency response evacuation potential safety hazards with a hazard rectification rate of and cordoning and other procedures. It
100 effectively tested the capability of each %. emergency response team to handle emergen-
cies. Special Emergency Drill for Pressure Vessel
Explosion Accident
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Safety Promotion and Training Safety Management Measures
The Company has established the Safety Education and Training Management System and actively conducts To ensure a safe working environment for employees the Company has implemented a series of compre-
various types of safety training covering topics such as laws and regulations hazard investigation and safety hensive and detailed safety management measures and is committed to creating a safe workinng
risk identification fire safety employee safety behavior and emergency response and occupational health. environment with zero accidents and zero injuries.These efforts effectively enhance the safety competence of all employees and provide a solid foundation for
the Company's workplace safety.Safety Management Measures
Fire Safety Management
* The alarm valve assembly controls the flow of water supplying water promptly in the
event of a fire and shutting off the water supply at normal times. It quickly senses
changes in water flow activates the alarm device and issues an alert immediately
gaining valuable rescue time reducing fire losses and safeguarding personnel and
property safety.Warehouse Safety Management
* The Company implements strict safety prevention management for flammable and
explosive materials in the Class A warehouse. This effectively prevents accidents such
as fires and explosions avoids chemical leaks reduces threats to the environment and
Safety Risk Identification Training personnel and maintains regional safety and stability.Indicator Unit 2025
Safety Sign Installation
Number of Safety Training Sessions Session 89
Number of Participants in Safety Training Sessions Person-time 6050
Total Hours of Safety Training Hour 10804.50 * It clearly and intuitively conveys safety information to personnel enabling them to
quickly identify potential hazards in production and daily operations regulate their
Average Safety Training Hours per Person Hours/Person 9.20 conduct enhance safety awareness and foster a safe and orderly work environment.Coverage Rate of Safety Training % 100
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Occupational Health Protection
The Company diligently implements the Law of the People's Republic of China on the Prevention and Control
of Occupational Diseases and has established policy documents such as the Personal Protective Equipment Indicator Unit 2025
Management System and the Management System for Employee Work-Related Injury Insurance. It strength-
ens the prevention and control of occupational diseases and the protection of labor safeguarding the health Total Investment in Work Safety RMB 10000 568.23
of all employees.Number of Work Safety Accidents Case 0
Prevention of Occupational Diseases
Occupational Disease Number of Work-Related Fatalities Person 0
Hazard Factor Detection
Number of On-Site Work-Related Injuries Person 2
* The Company conducted occupational disease hazard factor testing in production areas Workdays Lost from On-Site Work-Related Injuries Day 24
and auxiliary areas. The compliance rate of the testing was 100%.New Occupational Disease Cases Case 0
Occupational Disease Hazard
Notification and Warning Work-Related Injury Insurance Coverage Rate % 100
Rate of Special Operation Personnel Working
with Valid Certificates % 100
* The Company provides occupational disease hazard notifications to new hires and
employees newly assigned to positions and places warning signs and symbols in the
workplace.Occupational Health
Protective Equipment
* The Company provides employees with labor protection appliances strengthens the
management of these appliances and guides and urges employees to wear and use
them as required.Occupational Health
Checkups
* The Company establishes health surveillance records for employees and regularly
organizes occupational health examinations. General health check-ups are conducted
once a year. For positions with higher risks additional X-ray examinations are organized
every two years. During the Reporting Period the coverage rate of occupational health
examinations was 100% and no occupational disease cases occurred.
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Rural Revitalization and Social Contribution Case Hiking for Milk: Bringing Hope to Children in Needs
Rural Revitalization To carry forward the sense of responsibility of
MACMIC employees and actively fulfill
The Company actively participates in rural revitalization efforts. By leveraging its industrial and MACMIC's commitment to giving back to
resource advantages and focusing on the development needs of rural areas. Through industrial society the Company organized the MACMIC
assistance infrastructure improvement and various other forms of support it helps boost Public Welfare Hiking Team under the theme
thriving rural industries eco-friendly living environments and prosperous livelihoods. of "Chip to Heart Walk for Love". The team
supported the 2025 Changzhou " Milk for
The Company contributes to the realization of the vision of a strong agricultural sector a beautiful Love: A Charity Hike " large-scale charity
countryside and prosperous farmers with its corporate strength. event. Through practical actions participants
raised funds and practiced public welfare.Event Site of "Milk for Love: A Charity Hike"
The Belt and Road Initiative (BRI) Development
The Company actively participates in the development of the Belt and Road Initiative. Leveraging
independently developed power devices such as FRD the Company has joined hands with
partners such as Infineon EAST and ENC. Its products have been exported to countries along the
Belt and Road including Türkiye Bangladesh and Russia and are widely used in new energy Case Charity Sale Public Welfare Activity
charging piles intelligent traffic signal systems industrial variable-frequency equipment and
other fields. These efforts have helped countries along the route improve green charging
networks enhance urban traffic efficiency and promote industrial energy-saving upgrading. With The Company actively participates in the development of aging-related causes and charity
independent core devices as a link the Company has facilitated regional infrastructure connectiv- culture. Together with the Jiangsu Aging Development Foundation we organized a charity sale
ity and sustainable development. day under the theme "Hand in Hand Three Generations in Joy". The funds raised through the
charity sale will be used in accordance with the principle of maximizing public benefit. In collabo-
Social Contribution ration with other caring enterprises the funds will be precisely directed to offline activities that bring joy to the elderly. On January 20 2026 the Company donated a total of RMB 4234 raised
from the charity sale to the Jiangsu Aging Development Foundation.MACMIC always bears social responsibility in mind .It has established the Management Mea-
sures for Public Welfare Activities to regulate the Company's conduct in community engagement
and charitable funding. The Company actively creates greater value for society by organizing a
series of public welfare activities such as the "Milk for Love: A Charity Hike" and charity sales.Through these actions we convey love and warmth demonstrating the Company's sense of
responsibility.Charity Sale to Support Nursing Home
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Appendix
Key Performance Form
Economic Performance
Topic Indicator Unit 2025
Operating Revenue RMB 1 million 1347.71
Economic Performance Net Profit Attributable to Shareholders of the Listed Company RMB 1 million 17.11
Total Assets RMB 1 million 2666.09
Tax Compliance Total Taxes Paid RMB 1 million 7.83
Environmental Performance
Topic Indicator Unit 2025
Direct GHG Emissions (Scope 1) tCO?e 22.70
Direct GHG Emissions (Scope 1) per Million Yuan of Revenue tCO?e 0.02
Indirect GHG Emissions (Scope 2) tCO?e 15655.07
Indirect GHG Emissions (Scope 2) per Million Yuan of Revenue tCO?e 11.62
Addressing Climate
Change Total GHG Emissions (Scopes 1 and 2) tCO?e 15677.76
Total GHG Emissions per Million Yuan of Revenue (Scopes 1 and 2) tCO?e 11.63
Number of Products with Carbon Footprint Certification Unit 5
Green Electricity Certificate Transactions MWh 26016
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Environmental Performance
Topic Indicator Unit 2025
Total Investment in Environmental Protection RMB 1 million 1.08
Number of Environmental Protection Hidden
Danger Inspections Time 100+
Hidden Danger Rectification Rate % 100
Number of Environmental Emergency Drills Time 7
Environmental Management
Number of Environmental Protection Training Sessions Time 6
Number of Participants in Environmental Protection Training Person-time 1448
Total Hours of Environmental Protection Training Hour 2405
Pollutant Monitoring Compliance Rate % 100
Synchronized Operation Rate of Environmental Facilities % 100
Pollutant Emissions
Compliance Rate of Environmental Impact Assessment (EIA)
and "Three Simultaneities" Systems % 100
Pollutant Emission Compliance Rate % 100
Gasoline Ton 8.01
Diesel Ton 2.03
Energy Utilization
Purchased Grid Electricity kWh 29912765
Photovoltaic Power Generation kWh 2266737
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Environmental Performance
Topic Indicator Unit 2025
Renewable Energy Consumption tce 278.58
Percentage of Renewable Energy Consumption in Total
Energy Consumption % 7.55
Energy Utilization Total Energy Consumption tce 3691.02
Total Energy Consumption per Million Revenue tce 2.74
Total Energy Consumption per Unit Output tce/10000 Units 4.31
Total Water Consumption Ton 215682
Total Water Consumption per Million Revenue Ton 160.04
Water Resource Utilization Fresh Water Consumption Ton 154482
Total Water Recycled and Reused Ton 61200
Water Recycling and Reuse Rate % 28.38
Number of Plastic Turnover Boxes Used Piece 130000
Plastic Turnover Box Recycling Rate % 100
Packaging Material Utilization Number of Plastic Pallets Used Piece 1500
Plastic Pallet Recycling Rate % 80
Number of Chip Packaging Iron Rings Used Piece 110000
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Environmental Performance
Topic Indicator Unit 2025
Chip Packaging Iron Ring Recycling Rate % 72.20
Number of Other Chip Packaging (Plastic Boxes and Trays) Used Piece 110000
Other Chip Packaging (Plastic Boxes and Trays) Recycling Rate % 39
Blister Packs Ton 161.30
Packaging Material Utilization
Cardboard Boxes Ton 83.80
EPP Ton 39.10
Total Consumption of Main Packaging Materials Ton 284.20
Use Intensity of Main Packaging Materials Ton/RMB 10000 Revenue 0.0021
Social Performance
Topic Indicator Unit 2025
Number of R&D Personnel Person 220
R&D staff ratio % 18.72
Investment in R&D RMB 1 million 115.36
Innovation-Driven Development
Proportion of Total R&D Investment to Operating Revenue % 8.56
Total Number of Authorized Patents Item 148
Number of Patent Applications Item 235
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Social Performance
Topic Indicator Unit 2025
Number of Valid Patents per Million Yuan of Operating Revenue Item 0.11
Total Number of Authorized Invention Patents Item 52
Total Number of Authorized Utility Model Patents Item 84
Innovation-Driven Development Total Number of Authorized Design Patents Item 12
Total Number of Software Copyrights Item 3
Number of Software Copyrights per Million Yuan
of Operating Revenue Item 0.0022
Total Number of Trademarks Item 11
Cooperating Suppliers Entity 71
Jiangsu-Based Suppliers Entity 40
Localization Rate of Suppliers % 56.34
Local Procurement Proportion % 57.39
Responsible Supply Chain
Number of Suppliers Certified with ISO 9001 Entity 71
Management
Number of Suppliers Certified with ISO 14001 Entity 50
Number of Suppliers Certified with ISO 45001 Entity 30
Number of Suppliers Suspended due to Non-Compliance Entity 0
Number of Prospective Suppliers Rejected due to Non-Compliance Entity 0
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Social Performance
Topic Indicator Unit 2025
Integrity Agreements Signing Rate % 100
Supplier Commitment Letters on Non-Use of Conflict
Minerals Signing Rate % 100
Quantity of Conflict Minerals Purchased Unit 0
Revenue from Products Using Conflict Minerals RMB 0
Responsible Supply Chain
Management Number of ESG Training Sessions for Suppliers Time 1
Number of Suppliers Participating in ESG Training Person 39
Total Hours of ESG Themed Training Hour 78
Coverage Rate of Key Suppliers in ESG Training % 100
Product Yield Rate % 97.10
Annual Internal Quality Audit Time 2
Third-Party Random Inspection Time 6
Safety and Quality of Products Quality Training Attendance Person-time 2169
and Services
Total Hours of Quality Training Hour 3944
Training Sessions on Quality Time 60
Number of Product Recalls Piece 0
Product Recall Ratio % 0
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Social Performance
Topic Indicator Unit 2025
Data Security Training Sessions Session 3
Information Security and Customer Number of Participants in Data Security Training Person 945
Privacy Protection
Total Hours of Data Security Training Hour 945
Total Number of Employees Person 1175
Number of Employees from Ethnic Minorities Person 46
Number of Veteran Employees Person 5
Employee Turnover Rate % 21.22
Labor Contract Signing Rate % 100
Coverage Rate of Social Insurance % 100
Protection of Employees’ Legal
Rights and Interests Proportion of Employees Receiving Regular Performance and
Career Development Reviews % 100
Number of Proposals Reviewed and Approved by the
Employee Congress Item 4
Number of Proposals Reviewed and Approved by
the Trade Union Item 7
Proportion of Trade Union Members Among All
Active Employees % 52
Employee Satisfaction % 95.95
Number of Employees on Maternity Leave Person 13
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Social Performance
Topic Indicator Unit 2025
Protection of Employees’ Legal Return Rate of Employees from Maternity Leave % 100
Rights and Interests
Proportion of Women in Management Positions % 18
Employee Training Investment RMB 10000 56.41
Number of Employee Training Sessions Session 932
Employee Training and Total Number of Employee Training Participants Person-time 26271
Development
Employee Training Coverage Rate % 99.32
Total Training Hours Hour 37281.70
Average Training Hours Per Employee Hour/Person 31.73
Number of Safety Training Sessions Session 89
Number of Participants in Safety Training Person-time 6050
Total Hours of Safety Training Hour 10804.50
Average Safety Training Hours per Person Hour/Person 9.20
Occupational Health and Safety
Coverage Rate of Safety Training % 100
Total Investment in Work Safety RMB 10000 568.23
Number of Work Safety Accidents Case 0
Number of Work-Related Fatalities Person 0
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Social Performance
Topic Indicator Unit 2025
Number of On-Site Work-Related Injuries Person 2
Lost Workdays Due to On-Site Work-Related Injuries Day 24
Occupational Health and Safety New Occupational Disease Cases Case 0
Work-Related Injury Insurance Coverage Rate % 100
Rate of Special Operation Personnel Working with
Valid Certificates % 100
Governance Performance
Topic Indicator Unit 2025
Sustainable Development
Governance Number of ESG Training Sessions Time 3
Number of Shareholders’ Meetings Held Time 2
Number of Proposals Reviewed at Shareholders’ Meetings Item 19
Number of Board of Directors Meetings Held Time 12
Standardization of Corporate Number of Proposals Reviewed by the Board of Directors Item 51
Governance
Number of Board Members Person 8
Number of Meetings Convened by the Strategy Committee Time 2
Number of Proposals Reviewed by the Strategy Committee Item 3
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Governance Performance
Topic Indicator Unit 2025
Number of Meetings Convened by the Audit Committee Time 8
Number of Proposals Reviewed by the Audit Committee Item 18
Number of Meetings Convened by the Nomination Committee Time 2
Standardization of Corporate
Governance Number of Proposals Reviewed by the Nomination Committee Item 2
Number of Meetings Convened by the Remuneration and
Appraisal Committee Time 3
Number of Proposals Reviewed by the Remuneration and
Appraisal Committee Item 9
Actual Compensation Received
by All Directors and Senior Executives RMB 1 million 6.70
Number of Internal Risk Training Sessions Time 6
Risk Management Number of Participants in Internal Risk Training Person 111
Total Hours of Internal Risk Training Hour 112
Periodic Reports Copy 4
Interim Announcements Copy 83
Number of Performance Briefings Sessions Time 4
Protection of Shareholders’
Rights and Interests Number of On-Site Investor Research Sessions Hosted Time 13
Number of Participants in On-Site Investor Research Person-time 109
Number of Interactions with Investors via SSE e-Interactive Platform Time 30
E-Interactive Inquiry Response Rate % 100
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Governance Performance
Topic Indicator Unit 2025
Employee Integrity Agreement Signing Rate % 100
Total Hours of Anti-Bribery and Anti-Corruption Training Hour 57
Anti-Bribery and
Number of Participants in Anti-Bribery
Anti-Corruption and Anti-Corruption Training Person 38
Number of Directors and Senior Executives Participating in
Anti-Bribery and Anti-Corruption Training Person 12
Number of Anti-Monopoly and Fair Competition Training Time 1
Anti-Monopoly and Fair Number of Participants in Anti-Monopoly and
Fair Competition Training Person 45Competition
Total Hours of Anti-Monopoly and Fair Competition Training Hour 45
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Indexes
Shanghai Stock Exchange Self-Regulatory Guidelines for Listed
Chapters and Sections GRI Standards CASS-ESG 6.0 Companies No. 14 - Sustainability Report (for Trial Implementation)
About This Report 2-2/2-3 P1.1/P1.2 Article 4/Article 6
Message from the Chairman / P2.1 /
Company Profile 2-1 P3.1/P3.2/P3.3 /
About MACMIC
Performance in 2025 201-1 A2 /
Goals and Vision 2-22 / /
Sustainable Development G1.1.1/G1.1.2/G1.1.3/G1.1.5/G1.1.8/G1.2
Management 2-12/2-14/2-17/2-18Sustainable Development .3/G1.2.4
Article 12/Article 18
Governance
Stakeholder Engagement 2-16/2-29 G1.3.1/G1.3.2 Article 9/Article 53
Materiality Topic
Management 3-1/3-2/3-3 G1.1.9 Article 5
Improving the 2-9/2-10/2-11/2-12/2-13/2-18/2-19/2
Governance System -20/2-27 / Article 51
Practicing Adhering to Compliance
Sound Operation 2-27/207-1/207-2 / /
Governance
Building a New Protection of Investors’
Governance Rights and Interests 2-16 / /
Structure
Adherence to 2-23/2-24/2-25/2-27/205-2/205-3/20
G2.1.1/G2.1.2/G2.1.3/G2.1.5/G2.1.6/G2.1
Business Ethics 6-1/417-1 .7/G2.1.8/G2.2.1/G2.2.2/G2.2.3 Article 54/Article 55/Article 56
Pursuing Low-Carbon E1.1.1/E1.1.2/E1.1.3/E1.1.4/E1.1.5/E1.1.201-2/301-1/301-3/302-5/305-1/305-
Practices to Safeguard 6/E1.1.7/E.1.1.8/E1.1.12/E1.1.16/E1.1.19 Article 11/Article 21/Article 22/Article 23/Article Addressing Climate Change
Our Green Home 2/305-4/305-5 /E3.1.4/E3.3.2/E3.3.4 24/Article 25/Article 27/Article 28/Article 35
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Shanghai Stock Exchange Self-Regulatory Guidelines for Listed
Chapters and Sections GRI Standards CASS-ESG 6.0 Companies No. 14 - Sustainability Report (for Trial Implementation)
303-2/303-4/305-7/306-1/306-2/306- E2.1.1/E2.1.3/E2.1.6/E2.1.8/E2.2.1/E2.2.
Environmental Article 29/Article 30/Article 31/Article 333/306-5 5/E2.2.6/E2.4.1/E2.4.2/E2.4.3/E2.4.4
Pursuing Low-Carbon
E3.1.1/E3.1.2/E3.1.3/E3.1.4/E3.1.5/E3.2.Practices to Safeguard
Resource Management 301-1/302-1/302-3/302-4/303-5 1/E3.2.2/E3.2.3/E3.2.4/E3.3.1/E3.3.2/E3. Article 34/Article 35/Article 36/Article 37
Our Green Home 3.4/E3.3.6
Protection of Ecosystem 101-2 E2.3.3 Article 32
and Biodiversity
Innovation-Driven S2.1.1/S2.1.2/S2.1.3/S2.1.4/S2.1.5/S2.1./
Development 6/S2.1.7/S2.1.8/S2.1.9/S2.1.10/S2.1.12/S Article 11/Article 41/Article 42
Empowering 2.1.13
Innovation 2-6/204-1/308-1/308-2/414-1/414-2
Supply Chain Security S3.1.1/S3.1.2/S3.1.3/S3.1.4/S3.2.1 Article 11/Article 45/Article 46
Co-Building a
New Industrial
Safety and Quality of
Ecosystem Products and Services 416-1/416-2 S3.3.1/S3.3.2/S3.3.3/S3.3.4/S3.3.5/S3.3.9 Article 11/Article 47
Information Security and S3.4.1/S3.4.2/S3.4.4 Article 48
Privacy Protection 418-1
Protection of Employees’ 2-7/201-3/401-2/404-3/405-1/406-1/ S4.1.1/S4.1.3/S4.1.4/S4.1.5/S4.1.6/S4.1.Rights And Interests Article 49/Article 50408-1/409-1 8/S4.1.10/S4.1.11/S4.1.12
Standing
Employee Training and 404-1/404-2 S4.3.1/S4.3.2/S4.3.3/S4.3.4/S4.3.5/S4.3.6 Article 49/Article 50
UnitedFulfilling Development
the New Era
Occupational Health 403-1/403-2/403-3/403-5/403-6/403-
Mission S4.2.1/S4.2.2/S4.2.3/S4.2.4/S4.2.5/S4.2. Article 49/Article 50and Safety 7/403-9/403-10
6
Rural Revitalization and
Social Contribution 203-1/203-2 S1.1.2/S1.2.1/S1.2.2 Article 38/Article 39/Article 40
Key Performance Form / A2 /
Appendix Indexes / A3 Article 57
Feedback Form / A6 /
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Feedback Form
Dear readers:
Thank you for reading this report. We highly value and look forward to hearing your feedback on this report. Your opinions and suggestions are crucial for us to continuously improve our ESG information disclosure
management and practices. We welcome and sincerely appreciate your valuable comments!
1.Your overall assessment of our performance in ESG: 5.How do you think we have performed in terms of environmental safety and
occupational health
□ Very Good □ Good □ Average □ Below Average □ Poor
□ Very Good □ Good □ Average □ Below Average □ Poor
2.Your overall assessment of the report:
6.How do you think we have fulfilled our employee responsibilities
□ Very Good □ Good □ Average □ Below Average □ Poor
□ Very Good □ Good □ Average □ Below Average □ Poor
3.How do you think we have communicated with stakeholders
7.How do you think we have performed in terms of ESG
□ Very Good □ Good □ Average □ Below Average □ Poor
□ Very Good □ Good □ Average □ Below Average □ Poor
4.How do you think we have fulfilled our product responsibilities
8.Any comments or suggestions on our ESG performance and this report
□ Very Good □ Good □ Average □ Below Average □ Poor
Contact Information:
Address: 5 Xinzhu Road Xinbei District Changzhou City
Tel.: 0519-85163738
Email: xxpl@macmicst.com
85
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