Stock Code: 002531

Sustainability Report

Titan Wind Energy (Suzhou) Co. Ltd.CONTENTS

Report Preparation Statement 01 Governance Environment Appendice 59

Chairman’s Message 02

About Titan Wind 03 Sustainability Management 08 Addressing Climate Risks and Opportunities 5932 Indicator Index

Corporate Governance 13 Biodiversity Protection 6136 Feedback

Compliance Management 16 Commitment to Green and Low-Carbon Management 37

Safeguarding Employee Safety and Health 43

Company Profile 03

Development Strategy 04

Industrial Layout 05

20-Year Development Journey 06

Operations Society

Innovative Product Research and Development 21 Standardized Employee Recruitment and Employment

48

High-Quality and Efficient Customer Service System 27 Promoting Employee Care and Rights

50

Strengthening the Supply Chain Responsibility System 28 Building an Employee Growth and Empowerment System

54

Driving Development Through Philanthropy 58Titan Wind Energy (Suzhou) Co. Ltd. (referred to as “Titan Wind” or “we”) has released its sustainability

Report Preparation Statement report for three consecutive years comprehensively disclosing the company’s sustainability philosophy actions and performance. This aims to enhance stakeholders’ understanding of our environmental social and

governance (ESG) management and foster collaboration for mutual benefit.Reporting Period Report Access

The statistical timeframe for the information in this report is from Jan. 1 2024 to Dec. 31 2024 with

some data and content extending beyond this period.Reporting Scope

Titan Wind and its wholly-owned/controlled subsidiaries in the infrastructure development phase or

already operational (collectively referred to as the “Company”).Data Sources Contact Information

The information in this report is derived from internal company data interview records and relevant

documents. It has not been subject to third-party assurance audits and is provided for investor

reference only. Due to differences in statistical calibers some historical data may have been adjusted

in this report. In case of discrepancies this report shall prevail.Unless otherwise specified the currency used for monetary measurements is Renminbi (RMB).Address：1203 Tower T3 Raffles

City 1193 Changning Road Chang

ning District Shanghai

Basis of Preparation

Tel.: 021-52310067

This report was prepared in accordance with the SZSE Self-Regulatory Guidelines for Listed

Companies No. 3 – Sustainability Report Preparation the United Nations Sustainable Development Email: public@titanwind.com.cn

Goals (SDGs) and other relevant standards.

01Chairman’s Message“Over the past two decades Titan Wind has weathered storms and forged ahead with

perseverance. Since its founding in 2005 Titan Wind has consistently adhered to strategic

priorities. Through its dual-drive strategy-excelling in equipment manufacturing and relentlessly

advancing resource development and operations-the company has evolved from a startup to an

industry leader.Reflecting on 2024 the journey was fraught with challenges. Amid a volatile global economy andcyclical industry fluctuations the company faced numerous obstacles. Yet “tempered by trialsunwavering in all winds” every Titan Wind employee demonstrated unyielding resilience. With

fearless courage and steadfast conviction we achieved transformative organizational reforms. By

optimizing structures refining governance and enhancing collaboration we infused new

momentum into the company’s development.Looking ahead the industry is on the cusp of a bright and promising future. Under the national

dual-carbon goals (carbon peaking and carbon neutrality) and the global trend toward low-carbon

environmental protection the offshore wind power sector is poised to enter a golden decade ofdevelopment. Titan Wind has successfully established its strategic layout in “Offshore +Overseas” markets creating a high-speed pathway to the future and marking a pivotal milestone in

the company 's growth.Now with favorable winds and sails unfurled all Titan Wind members must act decisively ride

the currents and seize this historic opportunity. Marking our 20th anniversary as a new starting

point we will harness the momentum to accelerate toward even greater horizons.YAN Junxu Chairman of Titan Wind Group

02“About Titan WindCorporate Culture

Titan Wind Energy (Suzhou) Co. Ltd. was established in Suzhou in 2005

and listed on the Shenzhen Stock Exchange (SZSE) in 2010.Mission Vision

With two decades of dedication to the wind power industry the company

has grown into a global leader in new energy equipment manufacturing

and a domestic leader in new energy development and operational

services. Its business spans wind power and marine equipment Growing Titan Global Clean Energy Leader

manufacturing as well as wind farm development construction and Green World Committed to Smart and Green Power

operation. The company’s equipment manufacturing products include

wind turbine towers composite materials such as wind turbine blades and

molds and core offshore wind power equipment like monopiles jacket

foundations floating foundations offshore substations and collector

stations. The business has also expanded into large marine engineering

equipment for specialized vessels and other fields. BehavioralValues

Committed to advancing clean energy and building a green low-carbon Principles

industrial system the company offers full lifecycle services from

resource development project construction and operation management

to green power trading. As of the end of 2024 Titan Wind’s self-owned Integrity Respect

operational wind power installed capacity reached 1.6GW with annual We Commit We Deliver Pragmatism FrugalityInnovation

clean energy generation totaling 3.575 billion kilowatt-hours driving Create Value Collaboration

energy transition and sustainable development.

20052010

Established in Listed on the SZSEb

Suzhou

03New Energy Equipment Two-Wheel Zero-Carbon Industrial

Manufacturing Drive Strategy Development

04Germany

Tongliao

Xinjiang Clean Energy Base

Qian’an

Inner Mongolia Autonomous Region

Hami Jilin Province

Songliao Clean Energy Base

Shangdu

Xinjiang Uygur Autonomous Region Yellow River “Π”-Shaped Bend Clean Energy Base

Northern Hebei Clean Energy Base

Xinghe

Baotou

Binzhou

Shandong

Upper Yellow River Clean Energy Base Puyang Province Songliao Clean

Energy Base

Hexi Corridor Clean Energy Base

2024 Heze

Henan Sheyang

Province

Jiangsu

Nanyang Provincial

Nantong

Total Assets Yangtze River DeltaOffshore Wind Base

Hubei Province Anhui Taicang

Province

RMB25.097 billion ChangshuUpper Jinsha River Clean Energy Base Hanchuan Xuancheng

Net Assets Shayang

Yalong River Basin Clean Energy Base

RMB8.924 billion Chiwei Yu

Diaoyu Islands

Upper Jinsha River Clean Energy Base Zhangzhou

Southern Fujian Offshore

Guangxi (Under Construction) Jieyang Wind Base

Guangdong Province

Taiwan Island

Beihai Yangjiang Orchid Island

Shanwei

Eastern Guangdong

Beibu Gulf Offshore Offshore Wind Base

Wind Base

South China Sea

0520-Year Development Journey

Completed and

operationalized the Listed on the

first wind tower Shenzhen Stock

Exchange with

Initial Exploration Phase factory in Taicang stock code 002531.

（2005-2010） securing orders from

international clients

like GE and Vestas

initiating strategic

partnerships.

200520062010

Laid the foundation for the Changshu Blade

Completed the layout of Factory the company’s first large-scale Built the world’s

domestic core bases international wind turbine blade production largest single-unit

initially establishing eight base. As a leading composite materials R&D tower factory in

major production bases. and manufacturer it encompasses three Taicang Port Area

business segments: composite structural with the group’s

components composite molds and pultruded core product

panels synergizing with the company’s wind capacity exceeding Development and

tower and wind farm development operations. 500000 tons. Adjustment Phase

Obtained ISO 3834 （2011-2020）

International

Welding System

Certification.

20202019201620152013

Strategically expanded into

hydrogen energy actively

investing in hydrogen fuel

Transformation and

Upgrading Phase cell R&D AEM water Explored green power trading

and green certificate trading to

（2021-2025） electrolysis hydrogenproduction technology and advance the “Carbon Peakingpromoting integrated off- and Carbon Neutrality” dual-

grid/on-grid hydrogen carbon strategic goals.production and refueling

application scenarios.

202320232024

06Governance

Sustainability Management

Corporate Governance

Compliance Management

07Sustainability Management

Sustainability Governance Structure

Under the leadership of the Board of Directors the company has established a three-tier ESG governance system spanning governance management and execution levels.Board of Board Strategy

Directors Committee

Responsible for decision-making on Drives the execution of major ESG

Governance major ESG matters decisions formulated by the Board

ESG Management

Roles

The Group Headquarters has designated ESG management roles to guide each business

unit in establishing and optimizing ESG management systems

Management

Relevant Departments in

Business Units

Each business unit and its subsidiaries implement ESG initiatives to continuously

Execution enhance the company’s sustainable development capabilities.

08Report Preparation Statement Chairman’s Message Chairman’s Message Governance Operations Environment Society Appendices

Stakeholder Engagement

The company adheres to the principle of transparent operations committed to establishing long-term and stable communication mechanisms with all stakeholders. Through

periodic or ad-hoc due diligence activities such as stakeholder interviews surveys and dialogues we thoroughly understand stakeholders’ demands and opinions on key issues

respond to their needs via diverse channels and strive to achieve mutually beneficial collaboration.Emissions and

Protection of legal waste

Sustainable growth rights management

shareholder returns compensation and High-quality Low-carbon Transparent biodiversity

standardized benefits career products and development tax procurement conservation

Key Expectations governance risk development paths services compliance contractual water resource

prev ention information safe and healthy information lawful and integrity Industry management

disclosure investor working security and compliant supply chain collaboration rural

Transparent

rela tions management environments privacy protection operations security product innovation revitalization

information disclosure

Stakeholders

Shareholders and Employees Customers Governments and Partners and Industry associations/ Communities Media

investors regulatory bodies suppliers peers/academic

institutions

Official

Shareholder Employee Customer service Contracts and Pollution Media interviews and

meetings representative

documents and Industry - academia - support agreements

Communication Channels conferences factory reports research

reduction coverage

company satisfaction supplier collaborations initiatives public

announcements affairs transparency surveys contracts

regulatory filings evaluations and welfare activities

employee handbooks and agreements and approvals

industry forums and

investor managementlicense and exchanges

communications and training performance permit

evaluations and applications

satisfaction surveys

09Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Material Issues

Issue Identification and Analysis

During the reporting period we conducted materiality issue identification and analysis.By evaluating two dimensions-impact materiality and financial materiality-we

determined the dual materiality level of each issue. This process helps clarify ESG

improvement priorities and key tasks for the company while better addressing stakeholder

expectations.Step 1 Step 2

Issue Identification: Through international

Stakeholder Identification: Identify the standards SZSE regulations peer

company’s business activities operational benchmarking major ESG ratings media

context and key stakeholders; monitoring and stakeholder engagement

identify issues highly relevant to the company;

Step 3 Step 4

Issue Assessment: Evaluate the materiality Materiality Confirmation: Finalize material

of each issue through stakeholder issues based on stakeholder evaluations

consultations and internal interviews with industry trends the company’s development

departments focused on environmental strategy competitive priorities corporate

social and governance topics. values and operational management.

10Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Materiality Matrix

Material issues are focal points for the company’s sustainability management. Based on the Environmental Issues

company’s sustainability context benchmarking against standards policy analysis and peer

comparisons we conducted preliminary identification and screening of issues. Aligned with Environmental

SZSE guidelines we evaluated these issues from dual perspectives-financial materiality and 1 Compliance 4 Climate Change ResponseManagement

impact materiality-adjusted the scope of topics and ultimately presented the materiality levels 2 Energy Management 5 Water Resource Management

of each issue through a matrix.

3 Waste Management 6 Biodiversity Protection

Very Has impact materiality but lacks financial materiality Has both financial and impact materiality

Important

11

Governance Issues

17

2 3 Information Security and 12 7 Corporate Governance 9 Privacy Protection

4 5 14 8 Green Operations

Anti-Bribery and Anti-

15 10 Corruption

Importance to 8

Economic 17

Social and

Environmental 9 13 Social Issues

Impact 16 19

11 Product Quality and Safety 16 Intellectual Property Management

10 12 Shareholder Interests 17 Occupational Health and Safety

11 Employee D1ev1e1l1op1m11e1nt1118 Philanthropic Activities

6

14 Customer Management 19 Employee Rights and Welfare

18 15 Supply Chain Management

Lacks both financial and impact materiality Has financial materiality but lacks impact materiality

Not Important Impact on Corporate Finances Very Important

11Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Sustainability-Related Ratings

Included in the Hang Seng Corporate Syntao Green Finance 10 subsidiaries have obtained

Sustainability Index Series for three 2024 Rating: A- High-tech Enterprise Certification

consecutive years

Included in the S&P

Sustainability Yearbook China 267 Titan Wind Energy (Suzhou) Co. Ltd. China

Edition for two consecutive years

Ranked among the Global Top 500

New Energy Enterprises for multiple

consecutive years

12Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Corporate Governance

Corporate Governance Structure

As the supreme authority it decides on business policies

Titan Wind strictly complies with laws and regulations such as the Company Law of the People’s Republic ShareholderMeeting investment plans and reviews Board reports.of China and the Securities Law of the People’s Republic of China as well as rules set by the CSRC and

SZSE. The company has established and refined internal systems including the Independent Director

Working Guidelines and Public Opinion Management Regulations. Governance is carried out in accordance

with the Articles of Association the Rules of Procedure for Shareholder Meetings the Board of Directors Responsible for convening Shareholder Meetings executing

the Board of Supervisors and the Working Guidelines for Committees. Shareholder Meeting resolutions and managing informationdisclosure.The company has built a robust governance framework comprising the Shareholder Meeting Board of Board of The Board of Directors has established special committees

Directors Board of Supervisors and senior management. This ensures standardized operations across Directors

departments and guarantees the fairness and scientific rigor of governance each of which performs its duties in accordance with the law

decisions. to ensure that they operate independently from management

and other interest groups and provide critical support for

Shareholder Meeting informed decision-making.Board of Directors Performs duties under regulatory rules and the Articles of

Board of Association including verifying financial records and

Supervisors overseeing the conduct of directors executives and senior

management.Audit Strategy Compensation Nomination

Committee Committee and Evaluation CommitteeCommittee

Management Implements resolutions from the Board and Shareholder

Management Structure Meetings driving business growth and internal management.Structure

Shareholder Meetings: 1 held 9 proposals Committee Meetings: 6 held 14

Governance reviewed proposals reviewed Compliance training hours for directors

Performance for 2024 supervisors and senior management50.5

hours

Board Meetings: 4 held 20 proposals Meetings of Board of Supervisors: 4 held

reviewed 12 proposals reviewed

13Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Board Diversity>>> Shareholder Rights Protection>>>

To optimize governance structure the company emphasizes board diversity independence To safeguard shareholder rights the company convenes

and effective performance. In accordance with the Rules of Procedure for the Board of annual Shareholder Meetings in compliance with regulatory

Directors board members are nominated elected and appointed based on factors such as requirements and the Articles of Association. Voting is

age gender educational background professional qualifications and industry experience conducted through a combination of online and on-site

to meet the needs of all business segments. As of the end of the reporting period the Board methods to ensure equal treatment of all shareholders. For

comprises 7 members. major matters impacting minority investors the company

Diversity composition of the Board: separately counts votes from minority shareholders to

guarantee their effective participation in decision-making

and full protection of their legal rights.Gender Roles Appointed

Male 6 Independent Non-Executive 3Directors Dividend per 10 shares in 2024

Female 1 Executive Directors 2

RMB0.2

Non-Executive Directors 2 Dividend

Distribution

Age Education

Cumulative dividends over the

30-40 years 1 Bachelor’s Degree 3 past three years

40-50 years 2 Master’s Degree orHigher 4 RMB170.703 million

Over 50 years 4

14Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Compliance Information Disclosure>>> Transparent Investor Communication>>>

In conducting information disclosure the To enhance investor engagement the company proactively communicates with institutional investors-including

company strictly adheres to requirements securities firms public funds private equity institutions foreign institutions and insurance companies-as well as

such as the SZSE Listing Rules and retail investors. This ensures timely and effective access to company information supporting informed

Information Disclosure Management investment decisions.Regulations to ensure truthful accurate During the reporting period the company held multiple investor engagement activities including earnings

complete timely and fair disclosure. All briefings and Shareholder Meeting discussions. Additionally daily communication is prioritized through

information that may materially impact platforms like the Hudongyi platform (irm.cninfo.com.cn) investor hotlines and emails to maintain close

decisions by shareholders and other contact with retail investors.stakeholders is disclosed on SZSE-

designated information disclosure platforms.Investor relations Earning briefings held

performance in 2024

4 Investor emails responded to

Announcements issued in 2024 10

78 esponses on doni

platorm irmninoomn

100

15Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Compliance Management

Compliance Risk Management

The company strictly complies with laws such as the Company Law of the People’s Republic of China and the Securities Law of the People’s Republic of China. Internal

management systems including the Risk and Opportunity Management Control Procedures and Internal Audit Management Regulations have been established to build a

risk management framework aligned with the company’s growth. This framework clarifies risk management policies and processes to address internal and external risks

ensuring operational resilience.Risk Management Structure Risk Management Process

The company has established a top-down risk The company has developed a risk management system to thoroughly identify risks

governance structure. The Board of Directors and opportunities during operations. Management measures are formulated to address

appoints the General Manager and the Risk risks and seize opportunities followed by implementation of controls to eliminate or

Management Center to oversee legal/compliance

risk management. The Audit Committee is mitigate adverse impacts enhance positive effects and improve operational efficiency

responsible for reviewing the effectiveness of to achieve business objectives.comprehensive risk identification assessment Performance

internal management and monitoring procedures. Risk Quantify the uncertainty of risks and

Identification potential losses

Board of In 2024 auditors

Directors issued an Internal

Audit Committee Control Audit Report

Risk Evaluate the severity and frequency of

General Assessment with an unqualifiedrisks

Manager opinion.Risk Implement measures based onRisk Management

Center Response assessment results

Business Units Risk Monitoring and Ensure effective execution

Improvement of risk mitigation measures

16Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Information Security and Privacy Protection

Information and data are among the company’s most Information Protection Measures

valuable assets. The company has established a series of

information security management systems to protect

critical information and assets from unauthorized access Information Classification

leakage destruction and interference. These systems and Protection: Clear classification and protection of information are essential to ensure security;

also strengthen employee awareness of information

security and ensure normal business operations. Define access control policies including scope principles methods and procedures ensuring

Information Access

Control: all employees understand and comply;

Information Management Structure Protect computer networks and their information from unauthorized access damage misuse

System Security or leakage covering physical security network security host security application security

Safeguards: and data security;

Board of General Digitalization

Directors Manager Office Data Backup and Prevent data loss caused by accidents natural disasters or human errors through backups and

Recovery: recovery plans;

Establish a cross-departmental emergency response team and effective early warning systems

conduct regular drills and continuously refine and improve the emergency response plan

Emergency Response Plan:

based on the drill outcomes and practical operational experience to ensure it adapts to new

Information Security Policies

environments and challenges;

Compliance Risk

Management Prevention First Employee Code of Standardize daily information security practices to create a secure stable and efficient IT

Conduct: environment;

Dynamic Adjustment Full Participation

Confidentiality Agreements All employees contractors consultants partners and others with access to company

and Contracts: information shall sign confidentiality agreements;

Compliance ContinuousImprovement

Technical Measures: Implement strict technical safeguards to counter information security threats;

Audit and Compliance: Evaluate the effectiveness of security controls and propose improvements.

17Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Future Optimization Information Security

Directions Performance

In 2024

Introduce artificial intelligence and big data analytics to enhance predictive and

preventive capabilities for security risks;

Data Leak Incidents Average Security Incident Response

0 Time

Strengthen information security management and evaluation with third-party Within 1 hour

suppliers;

Security Audit Coverage Rate

100%

Continuously improve the information security management system and

promote the deepening and widespread adoption of a security culture.

18Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Business Ethics

The company upholds fair and equitable operations adopting a zero-tolerance stance toward Performance

unethical practices such as corruption favoritism and unfair competition.Anti-Unfair Competition Litigation Cases in 2024: 0;

Anti-Bribery and Anti-Corruption

We strictly comply with laws and regulations such as the Criminal Law and the Interim

Provisions on Prohibiting Commercial Bribery as well as the company’s Code of Conduct and Action Performance in 2024

Ethics. We oppose any form of corruption or bribery requiring all employees and business

partners to act with integrity. Anti-corruption and anti-bribery training programs are conducted to

strengthen employees’ ethical awareness and foster correct business ethics.I Anti-Corruption and Bribery Litigation Cases: 0;

ntegrity risk control measures:

Supplier Integrity Commitment Signing Rate: 100%;

Through signed commitments or contractual clauses the company mandates

Policy clients partners suppliers and other stakeholders to prohibit obtaining

Standards Employee Integrity Commitment Signing Rate: 100%;business through illegal or unethical means ensuring fair market competition.Regular compliance training is delivered via multiple channels to ensure

employees understand and adhere to the Code of Conduct and Ethics. Topics Anti-Unfair Competition

Training and

Communication include compliance operations anti-bribery anti-unfair competition

whistleblowing disciplinary actions and improvements. We advocate fair trade and avoid any abuse of market

dominance or actions that harm free competition. We

respect and comply with laws such as the Anti-Unfair

Prevention Mechanisms: Employees must sign an Integrity Commitment Competition Law Anti-Monopoly Law and

Letter and undergo training before onboarding. All suppliers shall sign Regulations on Prohibiting Abuse of Market

contracts with integrity clauses and are subject to supplier performance Dominance to regulate the company’s anti-fair

management. competition.Mechanisms

Disciplinary and Protection Mechanisms: The company’s Whistleblowing

Investigation Management Regulations and Internal Audit Management

Regulations ensure strict handling of reported violations. Whistleblowers are Whistleb

rewarded proportionally based on recovered economic losses. lower Email: jubao@titanwind.com.cnChannel

19Operations

——Innovative Product Research and Development

——High-Quality and Efficient Customer Service System

——Strengthening the Supply Chain Responsibility System

20Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Innovative Product Research and 1 Provincial-level

Development 3 Laboratories Green Factory

The company focuses on refining its R&D management system ensuring clear norms and

standards for R&D projects. It optimizes innovation incentive mechanisms and builds a multi- 2 Provincial-level Industrial Enterprise

tiered motivation system to transform R&D capabilities into market competitiveness. Through

continuous product innovation the company meets evolving market demands. Technology Centers

10 High- 1 Specialized

Intellectual Property Management >>> Tech Enterprises Refined Distinctiveand Innovative “LittleGiant” Enterprise

Total number of Invention

intellectual property: patents: R&D Personnel Composition:

292448967

Below Bachelor’s Degree

Education Bachelor’s Degree

(Persons)

New Patents Added in 2024: Master’s Degree or Higher

517

Process Technologies improved

in 2024: 24 40

11 Under 30 years

Age

Total R&D personnel in 2024: 30-40 years(Persons)

163 Over 40 years

99

Laboratory Showcase

21Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Product R&D Approaches >>>

Collaborative R&D with suppliers

Collaborative R&D with academic institutions

Case Wind Turbine Blade Pyrolysis Recycling Case Green Power-to-Hydrogen Equipment Project Collaboration Development

The company partnered with Tongji University on a wind turbine blade The company collaborated with Puyang Petrochemical Vocational and

pyrolysis recycling project. End-of-life blade recycling has long been a Technical College to develop green power-to-hydrogen equipment.challenge in wind equipment circular utilization primarily due to the high Focused on technological innovation standardization leadership and

cost and low value recovery of their core material—thermoset resin real-world application this initiative aims to overcome core technical

matrix composites embedded with glass or carbon fibers. This project challenges in green hydrogen production establish regional

represents a critical breakthrough in addressing composite material demonstration models and provide systematic solutions for energy

recycling challenges. By analyzing the quality of recovered glass and structure transformation and decarbonization of high-carbon industries.carbon fiber strands and developing a recycling process route the project

advances resource utilization technology for wind turbine blade pyrolysis.

22Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Independent R&D

Case AI-Assisted Defect Recognition Technology Hot-Wire Submerged Arc Weldingfor Non-Destructive Testing Case Process Research and Application For further details on improvements

in production processes and

Leveraging AI’s robust data analysis Through equipment and process upgrades this technology technologies refer to Section 3

capabilities this technology accurately increases wire melting speed thereby improving overall Management Discussion and Analysis

identifies subtle or hidden defects in non- welding efficiency and R&D Investment in the 2024

destructive testing images or data reducing Annual Report.human error and missed judgments. It Longitudinal seam welding

enhances defect detection precision and e f f i c ie n c y f o r w i n d t u r b i n e to w e rs 20%

reliability automates defect recognition

rapidly processes large volumes of Circumferential submerged

inspection data and significantly shortens a rc w e ld i n g e f f i c i e n c y 10%

testing time. This improves efficiency in

non-destructive testing to meet demands for

mass production and rapid inspection.Case 10Nm3/h Electrolytic Water Hydrogen Production-Storage-Defect recognition accuracy rate: Refueling Skid System and Electrolyzer Prototype

90% The integrated 10Nm3/h green hydrogen production and 2024 Asia Electrolytic Waterforklift refueling system combines large-scale hydrogen Hydrogen Production

production storage and refueling technologies with multi- Innovation Award

Detection efficiency improvement: energy synergy control and modular deployment. It

establishes a hydrogen demonstration platform integrating

50% R&D and real-world applications. The system supportsgreen hydrogen production fuel cell vehicle operations

and full-industry-chain hydrogen technology validation.

23Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Industry Collaboration >>> Product Safety and Quality >>>Industry collaboration plays an irreplaceable role in driving The company adheres to the quality management philosophy: “Serve customers with top-tierindustrial development. In 2024 the company actively quality; prioritize safety and health; give back to society through green practices; pursueparticipated in industry summits and forums supported the sustainable development as an industry leader”. Guided by the Quality Environmental and

establishment and refinement of industry standards aligned Occupational Health and Safety Management Manual and process-specific quality guidelines

with international norms and engaged in meetings and based on different kinds of International Quality Management System we actively incorporate

activities of association executive committees and feedback on quality issues invest in human and material resources and leverage automation tools

subcommittees. By collaborating with upstream and to continuously refine our quality management system. This ensures the delivery of superior

downstream partners in the industrial chain we collectively products to customers.promoted the green development of the wind power sector.Industry Standard Development

Contributions in 2024: Management System

Certifications

● General Technical Requirements and Test Methods for Factories certified with ISO 9001

Wind Turbine Generator Systems (GB/T 19960-2024); Quality Management System ISO 14001

● Manufacturing Standards for Monolithic Tower Flanges

of Wind Turbines; Environmental Management System and

● Construction and Quality Acceptance Specifications for ISO 45001 Occupational Health and

Steel-Concrete Hybrid Towers of Onshore Wind Safety Management System:13

Turbines;

● Carbon Fiber for Wind Turbine Blades (T/CI 476-2024).Other welding certifications: Japanese Minister of Land Infrastructure Transport and

Tourism (MLIT) H-grade Certification; EN 1090-1 Certificate; EN 1090-2 Certificate; EN

ISO 3834-2 Certificate.EN 1090-1

Standard Certificate: Carbon EN 1090-2 EN ISO 3834-2 Japanese MLIT H-Certificate

Fiber for Wind Turbine Blades Certificate Certificate grade Certification

24Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Quality and Safety

Assurance

The company has established a framework for product safety production and quality management objectives settling clear quality targets to ensure products meet customer

requirements and industry standards. This enhances customer satisfaction while driving continuous business improvement and sustainable development.Assurance

Measures

Regular

Objective Inspections

Breakdown and Data Analysis

Professional Accountability Conduct Feedback and

Training comprehensive

Decompose quality Utilize data analysis

Improvement

periodic checks tools to statistically

Provide targeted and safety objectives on production

Full quality and safety into specific tasks

evaluate the Establish feedback

processes product

for each production achievement of mechanisms to

Reward and Penalty

Participation training for critical quality and safety encourage employee Mechanisms

roles and personnel stage department

quality and safety

conditions.and individual with objectives identify suggestions forOrganize all to enhance their clearly defined issues promptly improvement and Recognize andemployees to expertise and responsibilities. and implement continuously reward outstandingstudy and discuss awareness. corrective actions. optimize objectives individuals or

quality and and management teams while

safety objectives measures based on addressing

ensuring full evaluation violations of

understanding outcomes. quality and safety

and alignment. regulations.

25Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Case Safety Production

Month Product recalls in 2024

In Jun. the company actively responded to the national “Safety Production Month” 0 casesinitiative by organizing educational and practical activities under the theme “EveryonePrioritizes Safety and Can Respond – Clear Pathways for Life”. This included safety

knowledge competitions to strengthen internal safety management bridge gaps with

frontline operations and foster a culture of responsibility proactive improvement and

robust safety systems.Product Quality

Case Planning Meeting

Product quality is the lifeline of a

manufacturing enterprise. To reinforce

quality awareness the company held a

management-level quality and safety

meeting. Discussions focused on the

responsibilities of the Quality and Safety

Center quality system safeguards

quality control management EHS

management implementation and

quality/safety objectives. Actionable

items were defined and accountability

agreements were signed.

26Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

High-Quality and Efficient Customer Service System

The company consistently prioritizes customers by establishing a comprehensive customer service management system through procedures such as the Project Quality

Management Control Procedures Customer Satisfaction Evaluation Procedures and Customer Complaint Handling Process. We actively listen to customer feedback

continuously optimize services and deliver safe reliable and superior experiences.Customer Service Management >>>

Customer

Continuous

Customer Customized Timely Customer Product/ Awards

Needs Technical Complaint Satisfaction Service

Analysis Solutions Response Surveys Improvement

Complaint Customer

Handling >>> Performance

Customer satisfaction

A dedicated customer service Business contact channels: survey coverage:

department oversees a complete

complaint resolution process with Direct phone access to assigned 100%

a 24-hour response mechanism. account managers

This covers receiving complaints

preliminary analysis detailed

investigation corrective action Customer satisfaction rate: Complaint resolution rate:

implementation and final client

feedback to address quality 97.13% 100%

expectations promptly.Marketing compliance violations: Customer data leakage：

0 0 Wind Turbine · Best

Partner Award

27Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Strengthening the Supply Chain Responsibility System

We prioritize rigorous quality control as the foundation strictly overseeing every stage of the supply chain. Through policies such as the Code of Conduct for Suppliers and

Management Procedures for Suppliers we build a stable high-quality efficient and mutually beneficial supply chain ecosystem to achieve shared growth.Sustainable Supply Chain Management System >>> Supply Chain Management

Process >>>

0 Supplier New supplierClassification development

Supplier Elimination of non-

Category Category Category information review compliant suppliers

A B C

Desktop Supplier

assessment reclassification

Key materials that directly impact BOM (Bill of Materials) items

product quality outside those of Category A Non-BOM materials

On-site audit Non-conformityresolution

Supplier Supply Chain

Evaluation Management

Non-conformity Monthly performance

Participate in third-party audits resolution monitoring

Existing New to meet stakeholder expectations

Suppliers Suppliers for compliance and transparency

enable product traceability and

Tiered management Comprehensive ensure a stable and reliable Supplier qualification Inclusion in approved

periodic evaluations evaluation covering supply chain. application supplier list

and audit-based governance product

corrective actions environment society

operations and

supply chain.

28Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Sustainable Supply Chain Equitable Treatment of

Management >>> SMEs >>>

The company integrates ESG principles into supplier The company fosters fair and transparent partnerships with small and medium-sized enterprise

management empowering supply chain partners to (SME) suppliers through the following measures:

enhance sustainable development practices. This serves

as a critical basis for evaluating suppliers’ comprehensive

ESG performance.Supplier ESG Increase the procurement share allocated to SMEs and offer price

Evaluation Criteria evaluation preferences;

Social

Responsibility Ensure fair and reasonable contract terms with rigorousoversight of execution;

Protection of employees’ legal rights and interests.Provide technical support and training to optimize production processes and

improve product quality avoiding unilateral transfer of market volatility risks to

Environmental

Protection SMEs;

Environmental management systems emergency

preparedness for environmental incidents and Focus on risk management (e.g. financial production) to ensure supply chain

prohibition of toxic/hazardous chemicals. stability and promote healthy growth.Occupational

Health and Safety

Occupational health and safety management

systems adequate training provision of protective

equipment and regular health checkups.In 2024 the company recorded zero

Business Ethics overdue payable amounts to SMEs.Intellectual property protection trade secret

safeguards and zero tolerance for unethical gains.

29Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Supplier Key Performance Data for 2024

Total suppliers: Core Suppliers: 14.4% 36.9%

741280

Target supplier Target supplier review Supply

review rate: rectification rate: Chain

100% 100% Stability

48.7%

Terminated Suppliers:

18 Long-term partnerships (3+ years) Mid-term partnerships (1-2 years)

Short-term partnerships (within 1 year)

Total supplier training hours:

1904H

Supplier Training

30Environment

——Addressing Climate Risks and Opportunities

——Biodiversity Protection

——Commitment to Green and Low-Carbon Management

——Safeguarding Employee Safety and Health

31Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Addressing Climate Risks and Opportunities

In 2024 the company conducted comprehensive climate scenario analysis integrating climate change into its long-term development strategy. Aligned with

the TCFD framework and international sustainability disclosure standards we systematically identified and categorized climate risks using industry best

practices to better understand and mitigate potential climate-related impacts.Physical Risks

Impact Category Risk Type Risk Description Potential Financial Impacts Response Strategies

*Heightened transportation challenges and supply chain

disruptions; *Reduced revenue due to decreased

Increased severity productivity;

of extreme weather *Negative impacts on work force health safety and *Establish a supply chain resilience

events (e.g. *Accelerated asset depreciation;

typhoons floods) attendance; assessment mechanism prioritizing

climate-adaptive suppliers;

Acute *Physical damage to assets; *Increased operational and maintenance

costs (e.g. insurance premiums) *Adjust outdoor work schedules;

* Elevated probability and severity of insurance claims.*Use high-temperature-resistant and

corrosion-resistant materials and

*Dual risks of supply chain and operational shutdowns strengthen disaster-resistant infrastructure*Revenue decline from reduced

due to power restrictions; at production sites;

Rising average production capacity;

temperatures * Adverse effects on outdoor or work force efficiency; *Develop emergency preparedness plans*Higher production and operational cost.with regular risk assessments and updates;

* Increased energy consumption for temperature control

(e.g. air conditioning). *Transition to green electricity to replace

Chronic *Elevated maintenance costs and fossil fuel-based power sources.Sea-level rise and *Accelerated corrosion of port infrastructure; shortened equipment lifespan;

ocean acidification

*Increased destructive waves and storm surges *Reduced renewal cycles for wind power

equipment.

32Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Transition Risks

Impact Category Risk Type Risk Description Potential Financial Impacts Response Strategies

*Higher manufacturing costs due to *Continuously monitor national and

environmental facility operations;

*Stricter government climate compliance regional policies identify regulatorytrends and integrate climate

requirements for existing products/services; *Increased volatility in overall supply chain considerations into strategic decisions;

Increased costs;

Policy and carbon pricing *Pressure to limit capacity expansion and *Accelerate retirement of high-emission

Legal for greenhouse ensure production/operational safety;gas emissions *Reduced service efficiency; and outdated equipment;Regulations

* High uncertainty in risk exposure. *Greater likelihood of production *Expedite green electricity procurement

interruptions. initiatives.*Higher material prices and tightening *Increased procurement and manufacturing *Develop recyclable high-performance

emission regulations; expenses. alternative materials;

Rising raw

*Accelerate development and operation

Market material costs *Sudden or unexpected fluctuations in

energy costs. of wind farms.*Investors and financiers showing a positive *Stock price declines due to investor

attitude towards corporate ESG leading to

Growing stakeholder stricter regulatory requirements; withdrawals;

*Enhance ESG disclosure transparency

and proactively address global investor

concerns over

negative feedback *Negative ESG-related publicity harming *Higher borrowing costs and reduced access

expectations.Reputation corporate reputation. to capital.

33Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Transition Opportunities

Period Opportunities Response Strategies

*Stabilized supply and demand along with steady delivery prices for raw *Proactively assess upstream suppliers and develop targeted

materials in iron and steel production support stable execution of the procurement strategies based on stable sales orders to secure favorable

company’s new energy equipment manufacturing operations; commercial terms and pricing;

Short-Term (1 year)

*Accelerated progress on uncompleted offshore wind projects in China’s *Leverage regional advantages and investment-driven approaches to

domestic market during the “14th Five-Year Plan” period. lock in orders earlier optimize production scheduling enhanceproduction line efficiency and improve land use efficiency.*Volatile energy prices drive Europe's accelerated energy transition

boosting wind power investments and fueling growth in the

company's new energy equipment manufacturing； *Actively respond to Europe's energy transformation by establishing

a German offshore wind equipment base build a localized European

*Strong mid-term demand for offshore wind equipment in Europe operational system covering “R&D-sales-manufacturing-service” and

Mid-Term (1-5 years) coupled with supply chain bottlenecks supports stable price expedite factory construction to achieve production capacity;

increases;

* Strengthen overseas sales teams based in Germany to expand

*Impending carbon tariffs and the trend toward localized market reach across Europe and beyond.manufacturing and supply chains create advantages for the company’s

overseas production bases.* Maturation of China’s carbon emissions trading market enables profit

*Establish a dedicated carbon trading project team;

growth through carbon credit sales;

Long-Term (5+ years) * Emerging integrated new energy models (e.g. wind-to-hydrogen) drive

*Allocate more resources to hydrogen energy equipment

sustained growth in zero-carbon businesses; manufacturing;

*Rapid expansion of wind farms generates growing demand for *Expand into downstream wind power supply chain sectors and

operation and maintenance services providing long-term revenue leverage overseas infrastructure to secure breakthroughs in operation

momentum. and maintenance services.

34Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Adaptive Actions

Emergency Drill

Performance

Accelerate

Renewable Energy Expand wind farm projects and replace traditional fossil fuel-based power with

Development renewable energy to reduce non-renewable resource consumption

Emergency drills conducted:

106

Reduce Greenhouse Technically upgrade existing environmental equipment optimize processes and recycle

Gas Emissions waste to significantly cut pollutant emissions Participants involved:

2440

* Strengthen rapid response and recovery capabilities for emergencies and implement

Develop Risk specialized safety measures and preparedness plans for extreme winter weather (e.g.Mitigation Measures snow freezing temperatures strong winds)

* Secure insurance coverage for climate-related natural disaster risks

Benzene Series Poisoning Drill Fire and Explosion Drill Typhoon and Flood Prevention Drill Hazardous Chemical Leak Drill

35Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Biodiversity Protection

The company prioritizes biodiversity by protecting local ecosystems and wildlife habitats during operations strictly implementing

requirements for ecological conservation redlines environmental quality resource utilization and ecological access controls.Ecological Risk Ecological Protection

Identification Process Measures

Ecological and Design Phase Construction Phase

environmental risk survey

Avoid rare and endangered species habitats marine ecological sensitive areas Prohibit harm to wildlife by construction personnel;

primary forests natural vegetation riverbanks wetlands and other ecologically

Risk source identification critical zones; Implement protective measures such as off-site ecological compensation vegetationRationally plan transportation networks and construction layouts to minimize restoration and relocation of plants;

occupation of protective forests and regenerated vegetation prevent damage to

sparse vegetation and reduce impacts on local wildlife;

Facilitate wildlife migration to suitable alternative habitats;

Impact assessment Post-Construction Phase Operational Phase

Plant shrubs and sow native grass species to rehabilitate the environment; Assign dedicated personnel to manage environmental protection;

Protective measures Remove temporary facilities restore and revegetate land based on its original Monitor changes in terrestrial flora and fauna composition distribution population

characteristics and gradually recover affected animal and plant communities; size species diversity and habitat diversity; track vegetation restoration progress

and conduct long-term monitoring of bird species composition population

distribution and migration patterns in and around the site; and implement measures

Environmental such as rescuing injured birds or releasing them to minimize avian impacts.impact assessment

report

Performance

Trees planted in 2024 Greening (including land

1012 reclamation)

1082 m2

36Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Commitment to Green and Low-Carbon Management

Greenhouse Gas Management >>> Energy Utilization >>>

The company’s greenhouse gas emissions primarily originate from The company strictly complies with laws such as the Energy Conservation

production activities and purchased energy. We are committed to Law. By implementing an efficient energy management system we enhance

transforming our energy structure by reducing reliance on non-renewable monitoring and optimization of energy use during production to minimize

energy increasing the proportion of renewable energy and prioritizing clean waste. Simultaneously we actively promote clean energy adoption gradually

energy sources. increasing the share of wind and solar power in production to reduce carbon

emissions.Performance

Electricity Consumption

Performance

CO? Emissions (Scope 1) CO? Emissions (Scope 2)

5311 t 29151.84 t Category Total Consumption (kWh)

Methane Emissions Nitrous Oxide Emissions Purchased conventional electricity 49735403.86

0.67 t 8.35 t

Self-generated and self-consumed new energy 126336321.8

electricity

Greenhouse Gas

Reduction

Self-generated and sold new energy electricity 3434295499

Total Reduction: 1849799.81 t

Net Reduction: 1815327.95 t Purchased and consumed new energy electricity 3310393

37Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Case Case

The Shayang Industrial Park features an energy storage capacity of 2MW/ A hydrogen production storage and refueling demonstration station operates in

4MWh and a photovoltaic capacity of 5MWp. Based on the park’s load both grid-connected and off-grid modes. It produces hydrogen via water

characteristics a “medium-low voltage hybrid energy storage” microgrid electrolysis for hydrogen-powered forklifts replacing traditional fossil fuels.architecture was implemented to enable high-proportion localized

consumption of distributed solar and wind power creating a zero-carbon

industrial park.Performance

Natural Gas Consumption Diesel Consumption Gasoline Consumption Steam Consumption

1057538 m3 815634.32 L 23883.13 L 588 t

Oxygen Consumption Propane Consumption Acetylene Consumption Argon Consumption Nitrogen Consumption Lubricant Consumption

355902.23 m3 948910.91 m3 2 m3 137 m3 124 m3 195 L

38Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Three Waste Management >>>

The company prioritizes mitigating the environmental impact of waste water solid waste and waste gas generated during operations. We strictly adhere to laws

such as the Water Pollution Prevention and Control Law of the People’s Republic of China and the Air Pollution Prevention and Control Law of the People’s

Republic of China implementing a series of regulations to rigorously manage all pollutants.Waste Water Solid Waste

The company emphasizes water resource A comprehensive waste management framework has been established including the Hazardous Solid Waste Management

conservation and management. Our production Regulations and the Hazard Source Identification and Evaluation Form. Annual waste management plans and detailed tracking logs

facilities do not generate industrial waste ensure systematic control routine inspections and compliant disposal. The company strictly supervises waste declaration

water; the primary source is domestic sewage. generation collection classification storage transfer and disposal to ensure that waste generated from production and operations is

After treatment to meet national standards properly handled thereby preventing environmental contamination.domestic sewage is discharged into municipal

pipelines or centralized treatment systems

within industrial parks.Disposal Methods Non-hazardous waste Hazardous waste

Performance Performance

Third-party recycling (t) 15080.83 611.74

Industrial Wastewater Discharge Non-Hazardous Solid Waste Reuse/recycling (t) 1.5 0

0 m3 Processed

15082.33 t

Domestic Wastewater Discharge

202185.1 m3 Hazardous Solid Waste

Processed

611.74 t

On-Site Waste Classification and Storage

39Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Waste Gas Water Resource Recycling >>>

The company fully implements pollution control requirements for The company strengthens water conservation management throughout water extraction and usage in

equipment maintains environmental protection equipment daily operations. Through media campaigns and community activities we raise awareness among all

management records and conducts regular testing of exhaust gases employees about the importance of water conservation.generated during production to ensure effective treatment.Performance

Performance Groundwater Consumption Municipal Water Supply Consumption

7194 m3 287029 m3

Particulate Matter Volatile Organic Compounds

Emissions (VOCs) Emissions

56.81 t 21.19 t

Case: Domestic Wastewater Recycling

The Hami Wind Farm is located in the Gobi Desert of the Hami Santanghu Wind Zone

Xinjiang Uygur Autonomous Region where arid conditions and scarce rainfall result in

limited water resources. The company constructed a domestic wastewater treatment system

capable of processing approximately 2 m3 of sewage daily. Treated water meets requirements

for irrigating on-site vegetation and cleaning equipment saving 380 tons of water annually for

greening and industrial use.VOCs Catalytic Oxidation Process Control Equipment

Major Leak Incidents Major Environmental Pollution

Incidents

00

40Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Case Rainwater Recycling Case ProductionEquipment Retrofit

Each factory is equipped with rainwater collection ponds during construction To reduce water consumption in production the company proactively retrofitted air

to harvest rainwater for equipment cleaning irrigation and other uses compressor cooling towers used for temperature control. The original open-loop

reducing reliance on municipal water. Regular maintenance and management system was replaced with a closed-loop design enabling cooling water to circulate

of the rainwater collection system ensure stable operation and effective within a sealed system without direct exposure to the environment. This eliminates

utilization. water evaporation from open cooling towers and reduces coil consumption. The retrofit

saves approximately 20000 tons of water annually.Rainwater Collection Pond Retrofitted Cooling Tower

Noise Control >>>

The company focuses on noise source management:

Equipment Selection Phase Construction Phase Production Phase

Prioritize low-noise Ensure robust foundations for facilities and equipment to Install noise reduction facilities enforce noise control requirements and conduct

equipment; minimize vibration noise; regular third-party noise monitoring by qualified agencies to ensure compliance.

41Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Green Operations >>>

Green Products Green Office

Energy Conservation

Do not support or use conflict metals from conflict mineral regions; the

Low-Carbon design products shall be with no packaging or with simple Use LED lighting indoors and solar-powered

Design streetlights outdoors; set temperature limits for airbiodegradable and reusable packaging; conditioning; post energy-saving reminders; ensure

lights and equipment are turned off when not in use;

Green Establish a Chemical and Material Blacklist to prohibit substances that

Procurement are carcinogenic mutagenic or toxic and strictly control materialprocurement to ensure compliance with environmental requirements; Water Conservation

Monitor monthly water usage investigate abnormal

Low-Carbon Develop new technologies and processes upgrade eco-friendly increases and implement corrective measures;

Manufacturing production equipment reuse waste materials adopt renewable energyand reduce energy consumption and greenhouse gas emissions;

Recycling Develop recycling technologies and assist wind farm owners in product

Paper Waste Reduction

recycling at end-of-life. Promote double-sided black-and-white printing and e-

signatures; reduce the use of paper documents; achieve

100% company-wide adoption of e-signatures;

Environmental Protection FSC Forest Management System

Investment Certification

RMB4.7889 million 1 facility Green Travel

Energy Management ISO 14001 Environmental Management

System Certification Encourage employees to use shuttle buses instead ofSystem Certification private vehicles; replace on-site vehicles with new

1 facility 13 facilities energy models.

Automated Production Lines

42Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Safeguarding Employee Safety and Health

The company prioritizes employee safety and occupational health continuously improving working conditions organizing regular health checkups and conducting safety

training and emergency drills to enhance safety awareness and self-protection capabilities.Safety Production >>>Adhering to the principle of “Safety and Prevention First and Comprehensive Safety Production ControlManagement” the company designates June as “Safety Production Month” Measuresannually. Activities under the theme “Everyone Prioritizes Safety and CanRespond – Clear Pathways for Life” reinforce corporate accountability for

safety production strengthen safety management practices foster a robust

safety culture and elevate safety management and engineering standards. Utilize emails posters and banners for publicity

prominently display safety-themed graphics in factory areas

Awareness organize in-depth learning sessions for employees on safety

Campaigns production laws regulations and internal safety policiesSafety Production Management and deeply instill the philosophy of “Safety and PreventionStructure First” in employees’ minds;

Primary Responsibilities

Safety * Review and implement safety production Conduct safety knowledge competitions and emergency

Production responsibilities and management systems; Skill Practice drills to strengthen employees’ mastery and application of

Committee safety knowledge;

* Supervise and inspect safety execution across

subsidiaries.Organize a thorough investigation of potential safety

* Ensure completion of safe production tasks; hazards rigorously inspecting every aspect—from electrical

Responsible Continuous safety in office areas and the functionality of firefighting

Departments * Develop safety inspection plans and organize safety Improvement equipment to the operability of emergency response

plans—and promptly rectify identified issues to ensure a

education and training programs. safer and more reliable working environment.

43Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Performance

Full provision rate of Number of workplace Number of workplace

labor protection equipment: injuries: fatalities:

100%60

Safety Training Correct usage rate of Number of safety Lost-time injury frequency rate

labor protection equipment: production incidents: (LTIFR):

100%00.01%

Certification rate for Coverage rate of safety

special operation personnel: liability insurance:

100%100%

Safety Production Month

44Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Occupational Health >>>

The company is committed to managing employees’ occupational health with the goal of Occupational Health

reducing occupational health risks. In accordance with laws and regulations such as the Control Measures

Occupational Disease Prevention Law and the Workplace Occupational Health

Supervision and Management Regulations the company has established a series of

institutional documents including the Occupational Health Management System to build Occupational hazard monitoring

an occupational health and safety assurance framework.Occupational Health

Management Structure Hazard warnings and notifications

Primary Responsibilities

● Establish occupational health management

systems and related regulations; Occupational health check-ups

Occupational

Health Leadership ● Develop and maintain occupational health

Group records;

● Formulate and oversee the implementation Occupational disease prevention

of annual plans; education and training

Full-time

Occupational

Health * Execute daily occupational health tasks. Reporting of occupational

Administrators disease incidents

CPR First-Aid Drill

Performance

Occupational health Number of employees trained in

training coverage rate: occupational health: Number of occupational disease cases:

100%36340

Total occupational health Number of facilities certified with ISO45001

training hours: Occupational health check-up rate: Occupational Health and Safety Management System:

18693H 100% 13 facilities

45Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Emergency Management >>>

EmergencyGuided by the principles of “prevention first self-rescue first unified command and rescue plansdivision of responsibilities” the company has developed a production safety accident

emergency response plan to standardize emergency management and enhance Comprehensive On-site response

emergency handling capabilities for safety incidents. This aligns with legal requirements plans Special plans plans

under the Production Safety Law and the Management Measures for Emergency

Response Plans for Production Safety Accidents.Emergency Plan System

Performance

Number of drill activities:

106

Number of participants in drills:

2440

High-altitude fall emergency drill Crane-related injury emergency drill Fire emergency drill

46Society

Standardized Employee Recruitment and Employment

Promoting Employee Care and Rights

Building an Employee Growth and Empowerment System

Driving Development Through Philanthropy

47Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Standardized Employee Recruitment and Employment

Compliant Recruitment >>> Total employees: 1393

2511142482856801313

Below bachelor's

Male By degree By By gender Haneducation Bachelor's degree ethnicity

(persons) Female (persons) Master's degree (persons) Other ethnic

or above groups

55

2727642251118321361

50

Non-managerial

Under 30 Overseas

By age By job level Mid-level managers30-40 By region (persons) (persons) (persons) the Mainland

Over 40 Senior managers

of China

357

Employees with disabilities: 10

Labor contract signing Incidents violating labor rights (discrimination harassment child Labor union membership

rate: labor forced labor): coverage rate:

100%0100%

48Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Employee Rights and Benefits >>>

Case Employee Cafeteria

The company offers industry-competitive compensation

including base salary and position allowances as well as

performance-based pay annual leave salary year-end

bonuses and more. The company has established benefit

policies that reflect humanistic care enhance employees'

sense of belonging and foster strong cohesion and unity.Benefits

Commuting and Communication

meal allowances allowances Ho liday benefits

High- temperature

subsidies Birthday benefits Wedding gifts

Bereavement support for employees and

Maternity gifts their families

Hospital visit Equity incentives Annual health

allowances check-ups

Free shuttle Team-building

services activities Case Home of Employees

Employee cafeteria and

accommodation

Social insurance enrollment rate: 100%

Employee Activity Room Staff Home

49Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Promoting Employee Care and Rights

Diverse Employee Communication >>> Employee Satisfaction Survey >>>

The company employs multi-dimensional communication mechanisms to understand The company conducts annual employee satisfaction surveys to gather honest

employees' genuine needs assist in resolving practical issues and enhance employees' feedback from employees across roles and levels understand and address their

sense of belonging well-being and cohesion through diverse employee activities. diverse needs.Daily Communication Staff Meetings

Job content satisfaction Workplace relationship satisfaction

Minimizing hierarchical barriers Regularly organize holiday

so that employees can gatherings birthday parties

communicate directly with their employee exchange sessions

immediate supervisors team-building activities and other Open-ended questions Management competence

department leaders human events to strengthen interaction and

resources or company communication among employees.satisfaction

management through various Survey

channels. Dimensions

Safety management Work atmosphere

satisfaction satisfaction

Communication

Mechanisms

Grievance Channels New Employee Mentorship Career training and development Compensation and benefits

The company has established a satisfaction satisfaction

Labor Dispute Mediation Each new hire is assigned a

Committee and a Labor Law high-performing colleague as a

Supervision Committee; mentor to provide daily work

Employees may submit opinions guidance career development

suggestions or complaints via support and psychological

phone email or other means to counseling helping them to

the Internal Audit Department adapt to the company

Human Resources Department environment understand corporate culture and integrate Employee satisfaction rate: 97.17%Labor Dispute Committee or

other relevant departments. smoothly into the organization.

50Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Harmonious Work Environment >>>

Case DiverseCommunication

Communication sessions Return-to-work production incentives

Recognition ceremonies

Case Colorful Life

Yushan hiking Summer camp activities Spring outings

Team-building activities Team-building activities Fun fitness events

51Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Case BirthdayCelebrations Case Festival Activities

Dragon Boat Festival Lantern Festival

Mid-Autumn Festival celebrations Winter Solstice care packages

Mooncake DIY

Children’s Day

52Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Case Women's Day Case Care for FemalesActivities

Nursing Room

Tea Room

53Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Building an Employee Growth and Empowerment System

Career Development Management >>>

The company has established a dual-path growth system of “Professional Track + Management Track” providing employees with clear career progression pathways.This is supported by a scientific promotion evaluation mechanism to ensure talent development aligns closely with the company’s strategic goals.Professional Track Management Track

Position Promotion Pathways

Target group: Target group:

Core employees specializing in Employees with team management potential; Dual promotion channels

technical/business roles;

Senior Executive (General

Promotion path: Promotion path: Manager/Vice President)

General Engineer

Hierarchy Hierarchy

Mid-Level

(Manager/Director) Chief Engineer

Junior Intermediate Senior Supervisor Manager/Director

General Engineer Chief Engineer Executive General Manager

Core Level (Supervisor) Senior Engineers

Promotion Promotion

criteria criteria Foundation Level

Skill Project Innovation Leadership Team Strategic

certification; contributions; capabilities evaluation; performance; executionability

54

Management position

sequence

Technical position

sequenceReport Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Career Development Management >>>

The company has established a multi-level multi-format talent training mechanism. By addressing annual challenges and formulating targeted plans for the following year we

have built a three-tier training system covering “new employees - junior staff - management” ensuring comprehensive development from foundational skills to strategic

leadership. This system aligns with the growth needs of all employees empowering them to enhance skills and unlock potential. Through a closed-loop management process

linking training assessment records and promotions the company ensures effective implementation of training outcomes fostering mutual growth for employees and the

organization.Company-wide Management

Training Training

Objective Content Target group Content

Help new hires integrate Company overview Newly promoted Role transition support

quickly and build corporate culture managers team management

foundational knowledge policies ethical Basic problem-solving

New guidelines; employee Leadership techniques

Employee conduct standards 5S Training

Orientation management quality

awareness

Mid-to-senior managers Strategic planning;

Advanced comprehensive

Management operational capabilities

Enhance professional Training

skills of current Quality tools equipment Daily employees operations special

Employee certifications

Training

Through systematic Professional mindset

training enable individuals positive attitude Internal training External training

or teams to achieve holistic teamwork and

improvement in career communication skills

Professional awareness behavioral Training

Competency norms and core Formats

Development competencies ultimately

boosting both personalcareer competitiveness and

organizational efficiency

55Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Performance

Training Assessment Total training hours for all Average training hours

coverage rate pass rate employees per employee

100% 100% 40012.10H 28.72H

Case Daily Training

Training sessions Specialized job training Trade secret training On-site professional skill guidance

56Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

The company recruits outstanding fresh graduates through campus hiring and New Force

facilitates their transition from “students” to “professionals” through systematic Case Training Camp

career training. This accelerates their growth improves retention rates and builds

a talent pipeline to support rapid business development and expansion.Training Framework:

Join the Onboarding Centralized Rotation

company orientation training internships

Career Role Two-way

advancement specialization roleassignment

Internal Mentorship Team:

Corporate Mentor Business Mentor Mindset Mentor

Oversees training Provides job-specific Training Camp

plans on-site Monitors training and coaching;

evaluations and professional

periodic guidance; personal

To further enhance employees' comprehensive capabilities teamwork

psychological and integration and cohesion while fostering a harmonious and dynamic

ideological work environment the company organized an outdoor expansion

development. training titled “Toward the Future Empowering New Life” in March as

part of the New Force Training Camp.

57Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Driving Development Through Philanthropy

We actively engage in various social welfare initiatives. Company volunteers are active in communities schools impoverished areas and beyond caring for

vulnerable groups through cash donations and volunteer services supporting educational development and contributing to social harmony.Case RuralRevitalization Case

Educational Case VolunteerSupport Activities

The company sponsored the construction of a The company donated to Chengwan Town Employees actively participate in community

village activity room in Xiaojingzi Village Central School in Tongbai County purchasing construction activities after work such as the

Wuguquan Township providing a space for daily and school supplies for over 150 “After-School Safety Patrol” volunteer

reading chess and leisure. This initiative left-behind and disadvantaged children program at local elementary schools. Thiscreated a “self-sustaining replicable and strengthening care and support for these groups. initiative addresses gaps in school managementcompassionate” community hub to enhance and fosters children’s traffic safety awareness through volunteer role models.villagers’ satisfaction.Xiaojingzi Village Activity Room Nanyang: Philanthropic Enterprise in Volunteer Program

Wuguquan Township Education Donation

Total corporate external donations in 2024 Cumulative volunteer service

participations

RMB 139000 1100

58Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Appendices Primary Secondary chapterschapters Page SDG Targets

Addressing Climate Risks 32

Indicator Index >>> and Opportunities

UN Sustainable Development Goals (SDGs) Biodiversity Protection 36

Environment

Primary Secondary chapters

chapters Page SDG Targets Commitment to Green and 37

Low-Carbon Management

Sustainability Management

08

Safeguarding Employee 43

Safety and Health

Governance Corporate Governance 13

Standardized Employee 48

Recruitment and Employment

Compliance Management 16

Innovative Product 21 Society Promoting Employee Care

Research and Development 50and Rights

Building an Employee

Operations High-Quality and Efficient 27 Growth and Empowerment 54

Customer Service System System

Strengthening the Supply 28 Driving Development 58

Chain Responsibility System Through Philanthropy

59Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

SZSE Self-Regulatory Guidelines for Listed Companies No. 3 – Sustainability Report Preparation

Primary chapters Topics of Sustainability Report Guidance Chapters of the report Page

Addressing Climate Change Addressing Climate Risks and Opportunities 32

Greenhouse Gas Management 37

Pollutant Emissions Three Waste Management 39

Three Waste Management 39

Waste Management Noise Control 41

Ecosystem and Biodiversity Conservation Biodiversity Protection 36

Environment Environmental Compliance Management Commitment to Green and Low-Carbon Management 37

Energy Utilization Energy Utilization 37

Water Resource Utilization Water Resource Recycling 40

Circular Economy Green Operations 42

Rural Revitalization Driving Development Through Philanthropy 58

Social Contribution Driving Development Through Philanthropy 58

Innovation-driven Development Product R&D 22

Intellectual Property Management 21

Technology Ethics Industry Collaboration 24

Sustainable Supply Chain Management System 28

Supply Chain Security Supply Chain Management Process 28

Sustainable Supply Chain Management 29

Society Equitable Treatment of SMEs Equitable Treatment of SMEs 29

Product and Service Safety and Quality Management System Certifications 24

Quality and Safety Assurance 25

Data Security and Customer Privacy Protection Information Security and Privacy Protection 17

Safeguarding Employee Safety and Health 43

Employees Standardized Employee Recruitment and Employment 48

Promoting Employee Care and Rights 50

Building an Employee Growth and Empowerment System 54

Due Diligence Sustainable Supply Chain Management 29

Complaint Handling 27

Stakeholder Engagement Stakeholder Engagement 09

Anti-Bribery and Anti-Corruption Anti-Bribery and Anti-Corruption

Governance 19

Anti-Unfair Competition Anti-Unfair Competition 19

60Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

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Address: Floor 12 Tower T3 Raffles City 1193 Changning Road Changning District Shanghai