Environmental Social

and Governance Report

2024Preface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 1

Table of Contents

Preface ESG Governance Appendices

About This Report 02 ESG Governance Structure 07 Honors Received in 2024 58

About CVTE 03 Communication with Stakeholders 08 Key Performance Indicators 60

Chairman's Speech 04 Double Materiality Assessment 09 GRI Index Table 63

ESG Highlights and Performance 05 External Verification Statement 64

01 Environmental Part 02 Social Part 03 Governance Part

Promoting Green Operation 12 Innovation-Driven Development 26 Robust Corporate Governance 53

Response to Climate Change 17 Strict Product Quality Control 33 Strengthening Risk Management and Control 54

Creating Green Products 21 Practicing Responsible Marketing 35 Standardizing Business Conduct 56

Promoting the Circular Economy 24 Co-Building of Responsible Supply Chain 40

Employee Care and Cultivation 42

Rural Revitalization and Community Public Welfare 50

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 02

About This Report

Report Introduction Information Source and Description

This report is the sixth Environmental Social and Governance (ESG) report released by Shiyuan The data and cases in this report are mainly derived from publicly available

Electronic Technology Company Limited (hereinafter referred to as “CVTE” “the Company” or “we”) government data internal statistics of the Company official documents or

(the reports of previous years were called “Corporate Social Responsibility Report”). Based on the third-party reports and have been reviewed by the relevant authorities. Unless

principles of objectivity fairness and transparency this report truly reflects the Company’s otherwise specified all currency units mentioned in this report are in RMB.management strategies practices and performance in ESG areas in 2024. It aims to communicate

The Company has commissioned an independent verification of the

effectively with all stakeholders and respond systematically to their expectations and demands.information and data disclosed in this report by a third-party certification body

in accordance with the AA1000 AS v3 (Type 2) assurance standard. Please

Report Scope refer to Appendix Four "External Assurance Statement" in this report for the

assurance report.This report is an annual report covering the results of the Company’s work on ESG during the period

from January 1 2024 to December 31 2024 (hereinafter referred to as “during the reporting period”

“this year” or “2024”). In order to enhance the comparability of this report some contents will be Important Hint

extended as appropriate.The organizational scope of this report is the Company and its subsidiaries within the scope of This report has been reviewed and approved by the Company's board of

consolidated statements. directors and no false records misleading statements or significant 。

omissions were found.Preparation Basis

Report Acquisition

Global Reporting Initiative (GRI) Sustainability Reporting Standards (GRI Standards)

UN Sustainable Development Goals (SDGs) You can download the Chinese and English versions of this report from the

International Organization for Standardization’s ISO 26000: Guidance on Social Responsibility (2010) official website of CVTE (http://www.cvte.com/) and CNINFO

China National Standard Guidance on Social Responsibility Reporting (GB/T 36001-2015) (http://www.cninfo.com.cn/). If you have any questions or suggestions about this

Shenzhen Stock Exchange’s No. 17 Self-Regulatory Guidelines for Companies Listed on the report please send an email to shiyuan@cvte.com or you can call 020-32210275.Shenzhen Stock Exchange - Sustainability Report (Trial) and No. 3 Self-Regulatory Guidelines for

Companies Listed on the Shenzhen Stock Exchange - Preparation of Sustainability Report

International Sustainability Standards Board’s International Financial Reporting Standards No.2

Sustainability Disclosure — Climate-Related Disclosures (IFRS S2)

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 3

About CV TE

CVTE founded in 2005 is a provider of intelligent electronic products and solutions with interactive displays and

artificial intelligence as the core. It has always been committed to improving user experience through R&D design

and product innovation and continuously creating value for customers. Since its establishment the Company has

relied on its accumulation of software and hardware technologies in the fields such as display audio and video

connection power and artificial intelligence to carry out technological innovation and product development across

various application scenarios constantly enriched and extended its product lineup and gradually achieved a

leading position in the market segment through its strong product and resource integration capabilities. The

Company has also established several well-known industry brands including seewo a provider of digital education

tools and services and MAXHUB a smart collaboration platform.Currently the Company's three core products—the LCD TV main control board seewo intelligent interactive flat

panel and MAXHUB intelligent interactive flat panel—have all been recognized as national-level manufacturing

champion products certified by the Ministry of Industry and Information Technology. For more information please

see the 2024 Annual Report of Guangzhou Shiyuan Electronic Technology Company Limited.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 4

Chairman's Speech Green transition protecting Earth's ecosystems through

Social equity nurturing the blossoms of civilization

technology with goodwill

Reverence for nature is the foundation of sustainable business of companies. CVTE Technology with its warmth should illuminate even the most forgotten

believes that technological innovation is an effective way to address climate corners. CVTE has always embedded social value into its business DNA

challenges and achieve green development. We take actions centered on making goodwill a fundamental element of its development.——Together shape a sustainable future continuously advancing energy conservation and emission reduction increasing the Through the "Seewo Public Welfare Activity" we have invested a total of

use of clean energy developing environmentally-friendly products and promoting RMB 62.27 million reaching all 31 provincial-level regions across China and

with responsibility the circular economy. benefiting over 57000 teachers and 660000 students. From 2022 to 2024

At our smart manufacturing plant in Guangzhou we have deployed multiple we supported teachers in 160 national key rural revitalization counties by

automated aging systems equipped with energy recovery features. When operating providing digital devices professional training both online and offline and

In 2024 opportunities and challenges go hand in hand. The achievements of at full capacity these systems can save up to 1260 kWh of electricity daily. We are courses to enhance the digital skills of future educators helping to improve

CVTE are a testament to the efforts of all employees built on the trust of our also advancing the use of clean energy; in 2024 our office park's photovoltaic array their quality collaboratively. The Seewo Xingtan Program brings together

valued customers and made possible by the support of our suppliers and generated 679300 kWh of electricity throughout the year and our energy storage outstanding educators who are dedicated to exploring education. Through

partners. On behalf of the Board of Directors of CVTE I sincerely thank each system stored 410000 kWh of electricity by peak-load shifting. an integrated information-driven training system we have innovated a "

and every one of our colleagues! teacher mentoring teachers" model. So far we have trained 1676 Xingtan Through process optimization and scientific application of materials we perform mentors nationwide who in turn have helped over 200000 teachers

Tackling technical challenges to define the future of lightweight design for our core products such as intelligent interactive flat panels improve their digital teaching capabilities. This is not only a relay of the continuously creating environmentally friendly products that combine high torch of knowledge but also a testament to our unwavering commitment

the industry through innovation performance with low carbon footprint. By innovating across multiple dimensions to educational equity.including process innovation algorithm optimization and thermal material technology

Genuine innovation often begins with a deep understanding of human needs. research we constantly improve product energy efficiency reduce energy Planting the seed of public service in employees' hearts is another form of

In the thriving wave of technological innovation CVTE consistently focuses consumption during use and lessen environmental impact. Upholding the vision of " corporate responsibility. We provide diverse platforms for employees to

on creating business value for customers through technological innovation. At Green Energy Warm Living" we seize opportunities in clean technology focusing on participate in social good. Our “Vitamin C Volunteer” service team

the same time we hope to leverage technology to help people better home energy storage inverters to improve energy accessibility. Whether in regions continuously engages in activities such as tree planting elderly care and

connect the physical and digital worlds bridging the "digital divide". facing power shortages or markets with high electricity prices we drive the adoption blood donation. In 2024 employees participated in volunteer efforts 1824In the field of interactive technology we have innovatively developed an of green energy into thousands of households through product innovation. times contributing over 10000 hours of service. The “Vitamin C Childrenall-encompassing press-sensitive touchpad establishing a new standard for Safeguard” initiative through programs like the “Vitamin C Healthy Dinner”

tactile experience. Our goal is to let tens of millions of users feel the " Ecological harmony built on responsibility to strengthen and health education campaigns supports the healthy growth of children

realness at their fingertips". We have also pioneered multi-finger touch with in rural areas.localized vibration technology from the ground up helping visually impaired industry resilience

individuals access the digital world and continuously advancing digital If you want to go fast walk alone; and if you want to go far walk together. As a "dual Though the road ahead may be long and winding

inclusion. In the field of display technology relying on our independent chain leader" company CVTE always views the industrial value chain as a community

development capabilities of ultra-large ultra-high-definition display modules of shared responsibility to build a resilient ecosystem through open collaboration. we remain steadfast in our steps; though the

and utilizing optical film design and 3A glass processing techniques we have MAXHUB our global brand has joined the United Nations Global Compact. We hope to journey is arduous perseverance leads us forward.addressed the glare issues on large screens enabling students in different build a bridge for mutual learning among civilizations using technology as a bond. In

parts of the classroom to see clearly. We are using technology to uphold In this era of transformation and challenge CVTE as a technology 2024 our brands appeared at major international industry exhibitions such as the

educational equity. enterprise will continue to advance with the times uphold technological European ISE Expo and the InfoComm in the US and the Asia-Pacific region in innovation and strive to deliver more high-quality products and services to

This year the Company's investment in research and development reached a succession showcasing Chinese technology on the global stage. Seewo participated in our users. We firmly believe that true business success stems from

new high with over 1600 new patent applications. While these investments drafting the White Paper on Data Governance and Sharing Technical Standards for relentless innovation reverence for ecological sustainability respect for

may not immediately translate into financial growth we firmly believe that Educational AI LLM supporting high-quality development in the education sector. By partners and a commitment to the human touch. Let us join hands to write

our commitment to fundamental scientific research is the greatest investment the end of 2024 the Company has participated in the development of a total of 110 a new business chapter with a force for good.in the Company's sustainable development in the future. national industry and group standards.In 2024 our self-developed CVTE large language model (LLM) received We regard our employees as a vital cornerstone and valuable asset for the company’s

national approval injecting innovative energy into the digital transformation long-term stability and sustainable growth. We are committed to safeguarding

of vertical sectors such as education and conferencing. With breakthroughs employee welfare continuously enhancing their sense of happiness and fulfillment

in edge-side inference technology it can effectively address users' concerns and sharing the fruits of corporate development with them. We actively promote a

about privacy leaks network delays or service interruptions when using transparent and ethical supply chain working closely with our partners to build a

smart terminal devices. As LLM generative AI technology is deeply integrated strong line of defense against corruption and foster a healthy transparent business

into educational settings we utilize a classroom intelligent feedback system environment. In terms of customer service we have established diverse and accessible

to truly empower frontline teaching with AI. By the end of 2024 the seewo communication channels and have achieved year-over-year improvements in customer

classroom intelligent feedback system has been established in 19 key satisfaction for several consecutive years. In the face of external challenges we

demonstration zones across the country covering over 2000 schools and maintain close collaboration with upstream and downstream partners turning shared

generating more than 150000 AI-based lesson review reports. risks into collective momentum for growth.Preface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 5

ESG Highlights and Performance

Green Operation Green Products R&D and Innovation

Certified under ISO 14001:2015 Environmental Management Continued to advance process optimization and the R&D investment reached RM B 1.54 billion a 7.2%

Systems covering key office locations application of materials science to develop year-on-year increase; R&D personnel accounted for 57.51%

environmentally-friendly products that combine high of total staff

Promoted energy transition and achieved 67930 0 kW h

performance with low-carbon characteristics

in photovoltaic power generation in 2024; implemented The number of new patent applications exceeded 160 0

peak-valley electricity pricing-based energy storage The latest generation of integrated LED products all obtained and the cumulative number of valid patents exceeded

strategy to achieve stored electricity exc eeding China Energy Label Level 1 certification 110 0 0 including over 20 0 0 valid invention patents

4 10 0 0 0 kW h

The Company has obtained QC 0 8 0 0 0 0 certification for

Implemented a "right tree for the right place" planting Cumulatively obtained over 430 0 computer software hazardous substance process management systems for our

strategy a total of 320 trees were planted in 2024 and copyrights and work copyrightsmajor businesses and multiple products have passed testingthe area of ground cover greenery increased by 3774 m2 and verification for EU RoHS REA CH and other standards Completed filing of the self-developed “CVTE Largecontinuously enhancing the ecological environment Language Model (Self-Developed)”2 supporting the intelligent

quality of the park Actively expanded into the power electronics sector development of the industry

leveraging scenario-based innovation to improve global

Total greenhouse gas emissions1 reached 10 9969.8 5tCO2e. energy accessibility

Greenhouse gas emission intensity (Scope 1 + Scope 2) was

0 .0 18 tCOe per RM B 10 0 0 0 of revenue

1Not all emission categories are included. For details please refer to the corresponding section

in the full report

2The filing for the "C V TE Large Language M odel (Self-Developed)" was completed on M arch 28

2024 with the filing No. "Guangdong-shiyuan-20240 314”

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 6

ESG Highlights and Performance

Responsible Marketing Employee Development Social Welfare Corporate Governance

Achieved an annual customer satisfaction rate 10 0 % employee physical examination As of the end of 2024 Seewo Public Welfare Established a comprehensive bribery and

of over 99% for five consecutive years; coverage providing comprehensive health Project had invested a total of RM B 62.27 anti-corruption education system thatreceived after-sales service certification ? combines “precise outreach and ecosystemmanagement services for employees and their million reaching 31 provinces (including

Five-Star After-Sales Service and certification

families autonomous regions and municipalities)co-creation” ensuring bribery and

for service completeness - Twelve-Star anti-corruption training covers all employees

nationwide benefiting over 570 0 0 teachers

Outstanding After-Sales Service 10 0 % employee training coverage with an

and 660 0 0 0 students Received the highest rating - Level A in

Conducted routine specialized customer average of 67 hours of training per person in

2024 The Teacher Digital Capability Enhancement

information disclosure from the Shenzhen Stock

service training totaling 10 32 hours in 2024 Support Project has helped teachers in 160 Exchange for 2023-2024 expanding investor

covering over 10 0 0 0 network engineers Employee engagement and organizational national key rural revitalization counties to communication channels through multiple

support scores reached 4.44 and 4.38 out of

12 responsible marketing training sessions collaboratively improve quality formats

5 respectively showing improvement over the

were held in 2024; no non-compliant "Teacher mentoring teachers" Teacher M A X HUB joined the United Nations Global

previous year

advertising or marketing incidents occurred Professional Development - Seewo Xingtan Compact (UNGC) supporting the Ten

throughout the year Women accounted for over 26% of internal Program has trained a total of 1676 Xingtan Principles in the areas of human rights labor

senior management roles3 mentors helping over 20 0 0 0 0 teachers Obtained the ISO 27001 Information security standards environment and anti-corruption

management system certification and ISO improve their digital capabilities. contributing to the achievement of the UN

27701Privacy information security management In 2024 employees participated in volunteer Sustainable Development Goals (SDGs)

system certification activities 18 24 times accumulating a total of

110 16 hours of volunteer service

3Internal senior management is not equivalent to statutory executives of a listed company

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 07

ESG Governance

CVTE adheres to its corporate mission of "Because of our presence more people

have successful careers and happy lives" and deeply integrates ESG principles

with corporate governance to lay a solid foundation for sustainable development.As a responsible corporate citizen we align ourselves with the United Nations

Sustainable Development Goals (SDGs). We thoroughly explore how our value

chain activities impact the SDGs and identify areas for action. Our focus includes

key areas such as environmental sustainability R&D innovation quality

management customer service supply chain employee development and social

responsibility. We listen to and address concerns from various stakeholders

regarding our ESG efforts actively promoting collaboration across the entire

industry supply chain.In 2024 our brand M A X HUB joined the United Nations Global Compact

(UNGC) supporting the Ten Principles in the areas of human rights labor

standards environment and anti-corruption contributing to the achievement of

the UN Sustainable Development Goals (SDGs).

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 8

ESG Governance Structure Communication with Stakeholders

To ensure effective deployment and standardized management of ESG initiatives the Company continuously The Company consistently focuses on the demands of all stakeholders and is committed to building diverse and

improves its ESG governance structure and strengthens the supervisory responsibilities of the Board of Directors. effective communication mechanisms to fully understand and respond to their expectations and demands. We

The Company has established a governance structure with the Board of Directors Strategy and ESG Committee as strive to establish long-term mutual-trust partnerships working together to achieve sustainable development and

the decision-making layer the ESG Management Committee as the management layer and the ESG Execution create value for all parties.Team as the execution layer with clear responsibilities and coordinated operations. We have outlined the expectations and demands of all stakeholders and our responses are as follows:

Communication Expectations and

Stakeholders channels demands Our response

The Board of Directors and the Board Strategy and ESG Committee of the Company are the

Shareholders' meeting

decision-making layer responsible for guiding and reviewing the Company's ESG policies Establish and improve a compliance management

Decision-making Company announcement Sustainable business system and perfect the ESG strategy

layer strategies and objectives overseeing the assessment of ESG-related impacts risks and

Shareholders and Performance

Return on investment Provide reasonable investment returns and strengthen

investors briefing/roadshow

opportunities regularly monitoring the progress of related goals; and approving the ESG report. Phone and email Technological innovation communication with investors

Increase investment in R&D and innovation

Site survey

Compliance operation

Implement compliance and regulatory policies

Supporting economic

On-site inspection Carry out business activities in line with industry and

development and aligning with

Phone and email regional economic development needs

Government and national strategiesPolicy consultation Identify climate risks and opportunities and take

regulatory authorities Climate change and energy feedback concrete actions to promote low-carbon emission

conservation and emission

Special meeting or report reductions

reduction

Actively assume social responsibilities

Provide job opportunities

The Company has established a dedicated ESG Management Committee composed of the Customer satisfaction Product quality Strengthen all-round quality control

Innovative research and Product iteration innovation

CEO other relevant senior executives and business group leaders. It is responsible for survey development Provide quality services

Management Customer complaints and

researching ESG development trends tracking relevant laws and regulations planning ESG Customers Customer relations and servicesreturn visits Strengthen customer data security and privacy layer Customer privacy protection protection

management affairs assessing and managing material issues reviewing ESG reports to provide Offline and online Environmental attributes of

communication platforms Use harmless and environmentally-friendly materials products

analytical recommendations for the decision-making layer to discuss review and approve and and green production processes

determining and managing costs and resources related to sustainable development. Open tendering Mutual benefit and win-win

cooperation Establish an open and transparent tendering processSupplier conference

Integrity and cooperation Improve the supplier evaluation and management

Suppliers Supplier training and Open and transparent tendering system

empowerment Response to climate change and Supplier empowerment

On-site inspection and energy conservation and Creating a sustainable supply chain

audit emission reduction

Create an open equal and inclusive work environment

and eliminate discriminatory behavior

Union feedback applet Work environment

Sound health management and safety production

The ESG Management Committee has a dedicated ESG Execution Team composed of leaders Union mailbox Occupational health and safetyEmployees assurance

Satisfaction survey Compensation and benefits

from relevant departments and business groups who have a thorough understanding of ESG Provide market-competitive compensation and benefitsClub activities Career development

Execution Provide smooth career promotion channels and diverse

and the Company's businesses. It is responsible for executing ESG-related tasks including

layer training opportunities

management data collection and analysis developing and implementing stakeholder Reduce the negative environmental impact at the

Information disclosure

engagement plans preparing ESG reports and regularly reporting results to the management. Environmental protection operational levelCommunity and Official website and social

Rural revitalization Support the development of education informatizationpublic media platforms

Encourage employees to participate in volunteer

Community activities Community public welfare

service

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 0 9

Double Materiality Assessment

Assessing the material issues is a critical component of ESG management. Following the guidelines of Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange— Sustainability Report (For Trial Implementation)

we conducted assessment and analysis of material issues regarding sustainability including a “double materiality” analysis of impact materiality and financial materiality to define the Company's ESG priorities and disclosure content.Materiality assessment process Materiality Assessment Result Matrix

1 Understand the context of the business activities and relationships of the Company The materiality issues identified by the Company and the matrix chart are shown in the diagram below. Based on the

assessment results we identified the issues with high financial impact on the Company for climate change

Analyze the Company's internal activities and business relationships as well as the impacts on sustainable mitigation R&D and innovation and sustainable supply chain management. We will also actively explore methods for

development along the value chain upstream and downstream.Understand the external objective environment including macro policies regulatory requirements and industry assessing the financial materiality issues to better guide relevant management and disclosure work.trends for 2024 and identify potential impacts on the Company. Double M ateriality M atrix of CV TE

Identify the affected stakeholders

2 Build an ESG issue list

Identify potential materiality issues and establish an ESG issue list following the Shenzhen Stock Exchange and 21

relevant policy guidelines international standards and initiatives mainstream international ESG ratings and 9

industry best practices combined with the Company's sustainability planning and the analysis results of past 10

materiality issues. 23 11

1312

3 Issue materiality assessment 1

14

After establishing the issue library we conducted a comprehensive analysis of each issue's impact risks and

opportunities to further assess their impact materiality and financial materiality. 16

For impact materiality issues 3 25 24 15

We conducted research with internal and external stakeholders by using surveys and interviews. We assessed 4

and analyzed the impact materiality of various issues based on two dimensions: the “severity of impact” (scale 26

scope irreversibility) and the “likelihood of impact”. The respondents included company executives employees 27

investors suppliers customers media etc. Based on stakeholder feedback and with reference to internal and

external expert opinions we finalized the impact materiality assessment results for all issues. 17 18

For financial materiality issues 19 6

8

Combining internal and external expert opinions peer practices and feedback from management and relevant 5 22

stakeholders we assessed the potential impact of the issues on the Company's financial performance based on 20

two dimensions: "possibility" and "magnitude" across three time horizons: short-term (within 1 year) mid-term

(1-5 years) and long-term (over 5 years) to obtain the financial materiality assessment results. Financial materiality

Industry collaboration and

1 Response to climate change 7 Chemicals management 13 Data security and privacy protection 19 25 Risk managementdevelopment

4 Issue discussion and confirmation 2 Energy management 8 Clean technology opportunities 14 Employee training and development 20 Community public welfare 26 Anti-unfair competition

By integrating both impact and financial materiality results with the Company’s operational and management 3 Green products 9 Product quality and safety 15 Occupational health and safety 21 R&D and innovation

capabilities we established thresholds for determining materiality and generated the list of materiality issues. 4 Green emissions management 10 Sustainable supply chain 16management Conflict minerals management 22 Technology ethics

The identification and assessment results of materiality issues were disclosed after being reviewed and 5 Water Resource Management 11 Customer services 17 Diversity equality and inclusion 23 Corporate governance

confirmed by the Company's board of directors.

6 Electronic waste management 12 Employee compensation and 18benefits Rural revitalization 24 Business ethics

2024 Environmental Social and Governance (ESG) Report

Impact materialityPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 10

Assessment of the Impact Risks and Opportunities of Financial Materiality Issues

Financial Value chain Sections stating

Impact analysis Opportunity analysis Time horizon4

materiality issues Risk analysis impact management

measures

As a tech company R&D investment Rapid technological iteration: The electronics industry

directly determines technological barriers experiences fast-paced updates and upgrades. Companies Technological innovation leading development: The rapid

product iteration capabilities and must continuously invest in R&D to stay competitive advancement of technologies such as artificial intelligence

long-term market competitiveness which can entail high costs and technological risks. and the Internet of Things has brought new opportunities for Company

making it the Company's core financial Immature technology: In the process of technological Short-term

R&D and the electronics industry. The application of AI technology has operations Innovation-driven

driver. Meanwhile continuous investment innovation uncertainties in technology may lead to failure mid-term

Innovation made electronic products smarter. At the same time Downstream development

is needed for R&D and innovation of the innovation. long-term

emerging fields such as robotics and other end-user of value chain

especially in developing new Intense market competition: As new entrants keep

technologies and products which may emerging and competition intensifies companies must products are expected to grow rapidly offering the industry

impact the Company's profit performance continuously strengthen their core capabilities to adapt to more opportunities for expansion and development.in short-term. market changes.Digital transformation: Enhancing supply chain transparency

and collaboration reducing operational costs and boosting

Supply chain disruption risks: Supply disruptions arising

overall competitiveness. From demand forecasting to

from insufficient supply of critical raw materials and

production planning inventory management and logistics & Upstream of

components or factors such as natural disasters and

The electronics industry's supply chain transportation utilizing the means of digitalization and value chain

political conflicts could affect product manufacturing and Short-term Co-building of

Supply chain is highly complex directly impacting informatization can enhance operational efficiency and Company

delivery. mid-term responsible

management cost control delivery stability and ESG reduce costs. operations

Supplier quality issues: Problems with the supplier's long-term supply chain

compliance risks. Supplier collaboration: Building closer partnerships with

product quality may affect the Company's product Downstream

suppliers to enhance the stability and reliability of the supply

quality damage its reputation reduce brand value and of value chain

chain. Sharing information with suppliers and collaborating on

impact long-term growth.innovation to better respond to market changes and enhance

overall competitiveness.Products and services: Under the trend of sustainable

As governments worldwide place development the public's preference for green products and

Physical risks: Extreme weather events (such as

increasing emphasis on climate change services is gradually increasing. The Company can develop Upstream of

hurricanes and floods) could directly damage the

issues carbon emission regulations and green low-carbon products to expand its market share. value chain

manufacturing facilities of the Company leading to

Response to policies are becoming more stringent. Resource efficiency: Continuously promoting the concept of Company Mid-term Response to

operational disruptions.climate change Both physical measures and market green operations through energy-saving technologies operations Long-term climate change

Transition risks: including regulatory risks technological

transitions could significantly impact purchasing green electricity self-generation of green

risks market risks and reputational risks. For details see Downstream

the Company's operations and financial electricity resource recycling etc. to improve resource

the Section on "Response to climate change". of value chain

condition. utilization can reduce resource consumption and waste

generation during production and lower operational costs.

4Short-term (1-2 years) mid-term (3-5 years) and long-term (6-10 years)

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 11

01 Environmental Part

As industrialization accelerates issues such as climate change resource depletion and

loss of biodiversity have become increasingly severe posing serious threats to our

shared future. Environmental issues are not only matters of science and policy but also

central to everyone's quality of life and the well-being of future generations. CV TE fully

recognizes that environmental protection is not only a manifestation of corporate social

responsibility but also an essential pathway to achieving sustainable development. In

the environmental part we will share the Company's practices and achievements in

energy conservation and emission reduction resource management ecological

protection green products and the promotion of a circular economy demonstrating

our commitment and actions toward a greener future.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 12

Promoting Green Operation

CV TE upholds the philosophy of resource conservation and environmental

friendliness continuously enhancing its management of energy and water

resources strictly controlling pollutant emissions and actively fostering

green office environments. Through concrete actions we are committed to

protecting the natural ecosystem. During the reporting period the Company

did not incur any administrative penalties or criminal liabilities related to

environmental issues from ecological or environmental authorities.Environmental Management System

The Company strictly adheres to laws and regulations such as the Environmental Protection Law

of the People's Republic of China and the Law of the People's Republic of China on Environmental

Impact Assessment as well as industry environmental standards. We consistently promote the

identification of key environmental factors and environmental risk assessments during our

operations continuously strengthening the scientific soundness and effectiveness of our

environmental management system. As of the end of the reporting period the Company's core

subsidiaries including Shirui Electronics Shikun Electronics Shizhen Electronic and Shiyuan

Ruichuang have all been certified under the ISO 14001:2015 Environmental Management System

covering the Company's main office locations.To effectively respond to sudden environmental incidents and mitigate their negative impacts we ISO 14001:2015 Environmental Management System Certification

have established mechanisms for environmental incident risk assessment monitoring and

prevention in accordance with relevant laws and regulations such as the Emergency Response Law

of the People's Republic of China. We regularly conduct emergency drills for environmental

incidents to standardize and improve emergency response and corrective measures. EHS engineers

are responsible for environmental management tasks across business units and functional

departments as well as identifying and assessing environmental incident risks.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 13

Energy Management Empowered by technological upgrades empower to enhance energy efficiency

Adhering to the philosophy of "Enhancing energy utilization efficiency and ensuring rational use of renewable The Company continuously explores ways to enhance energy efficiency through advanced technology andresources” we strictly follow the laws and regulations such as the Energy Conservation Law of the People's management. By formulating rational operational strategies we reduce energy consumption and greenhouse gas

Republic of China and has developed internal guidelines like the Resource and Energy Management Specification. emissions during park operations and manufacturing processes thereby lowering operational costs and boosting

An energy conservation leadership team headed by the general manager has been established to unify the both economic and social benefits.Company's energy-saving efforts. The Company continuously standardizes energy management actively practices

green office initiatives and low-carbon environmental protection and adopts diverse energy-saving technologies

and measures to enhance energy efficiency. The goal is to fully promote the Company's green and low-carbon Peak-valley electricity price storage strategy

transformation. As of the end of the reporting period the Company's subsidiaries such as QSTECH and Shiyuan The Company actively implements a peak-valley electricity price storage strategy. We deploy energy storage

Ruichuang have obtained ISO 50001 energy management system certification. equipment utilizing distributed storage technology integrated with lithium iron phosphate batteries using PACK liquid

cooling technology. They store energy during off-peak hours when grid load is low and discharge during peak periods.CV TE's Energy Consumption from 2022 to 20245 Reducing electricity costs while alleviating the supply pressure on the grid during peak hours it provides strong

support for the efficient integration of new energy resources and the stable operation of the power grid. This is a

Energy consumption proactive measure in response to national policies and a significant step toward energy transition. The Company has

Unit 2022 2023 2024

metrics now implemented the peak-valley electricity price storage strategy in the First and Fourth Industrial Parks in

Guangzhou achieving over 410000 kWh of stored electricity in 2024.Tons of standard coal 455.25 1013.52 620.20

Direct energy Online automatic aging system: A new energy-saving initiative in intelligent manufacturing

consumption High energy consumption remains a common issue in intelligent manufacturing plants mainly in automated

kWh 3704216.82 8246741.34 5046353.89

production lines environmental control systems and data centers. Intelligent energy efficiency optimization systems

are urgently needed to facilitate green transition. In 2024 the Company actively introduced an advanced online

Tons of standard coal 3371.00 4481.31 8647.16 automatic aging system in its intelligent manufacturing plants which features energy recovery capabilities with an

Indirect energy energy recovery rate of up to 60%. Currently the Company has deployed multiple automatic aging systems on the

consumption production lines in its intelligent manufacturing plant. When operating at full capacity these systems can save up to

kWh 27428804.32 36463062.70 70359335.58 1260 kWh of electricity per day.Tons of standard coal 3826.25 5494.83 9267.36

Comprehensive Centralized control system aids in energy conservation and consumption reduction

energy consumption

kWh 31133021.14 44709804.04 75405689.47 In terms of park operations the Company leverages its in-house IT capabilities to independently develop an energy

consumption centralized control system. Through intelligent technologies it centrally controls lighting air conditioning

Tons of standard digital signage and other equipment across all industrial parks with scheduled on/off settings to precisely manage

Comprehensive coal/RMB ten 0.0018 0.0027 0.0041 energy consumption effectively reducing operational costs.energy consumption thousand of revenue

intensity 5Calculated using the conversion factors from the General Rules for Calculation of the Comprehensive Energy Consumption issued by the State Administration for Market Regulation of ChinakWh/RMB ten

14.83 22.16 33.66 Note: The Fifth Industrial Park Intelligent Manufacturing Base project of the Company officially commenced operations during the reporting period. As a comprehensive park that integrates research and development

thousand of revenue manufacturing and sales the Fifth Industrial Park requires significantly higher indirect energy consumption such as electricity to support its intelligent manufacturing operations. Its operational characteristics differ

markedly from those of other campuses that serve purely as office spaces. As a result indirect energy consumption during the reporting period has seen a substantial change compared to previous years.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 14

Clean energy drives the energy transition

Clean energy is a key energy form of sustainable development and an important direction for future energy structure optimization. The Company is continuously promoting the use of clean energy by converting solar power into electricity

through photovoltaic systems gradually reducing reliance on traditional energy sources and driving the energy transition. In 2024 the Company's photovoltaic power generation systems have covered the Fifth Industrial Park in Guangzhou

as well as the Xi'an and Hefei Industrial Parks achieving a total electricity generation of 679300 kWh. This represents rapid year-over-year growth and significant progress in optimizing the energy mix. In the future we will continue to

increase investment in clean energy accelerate the development of a low-carbon and environmentally friendly energy utilization system and contribute to global energy transition and environmental protection.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 15

Water Resource Management Pollution Prevention and Control and Ecosystem Protection

The Company adheres to the scientific management principle of The Company strictly complies with relevant environmental laws and

In 2024 the Company set and achieved a goal for solid waste management:

"demand-based supply and scientific water use" integrating the ration regulations such as the Environmental Protection Law of the People's all waste has been disposed of as per regulatory requirements with a

utilization of water resources throughout the entire daily production and Republic of China the Law of the People's Republic of China on the disposal compliance rate of 100%.operation process. To effectively strengthen water conservation Prevention and Control of Environmental Pollution by Solid Waste Pollution

management we have established a Water Conservation Leadership Team the Law of the People's Republic of China on the Prevention and Control of Wastewater management

led by the General Manager responsible for overseeing the Company's Atmospheric Pollution and the Law of the People's Republic of China on the

water-saving efforts and ensuring the sustainable use of water resources. Prevention and Control of Water Pollution. Based on the applicable conditions The Company's wastewater mainly consists of domestic sewage from

of its operational sites the Company has established internal systems the park and a small volume of industrial wastewater. Domestic sewage The Company's water supply is reliably sourced from the municipal water is pretreated in a septic tank and meets standards before being

system so there is no issue of water shortage. Water use in park including the Three Wastes Management System Chemical Management discharged into the municipal sewer system. Industrial wastewater is

operations mainly involves landscaping cafeteria data center operations Specification and Environmental Safety Monitoring and Measurement entrusted to licensed hazardous waste disposal companies for proper

and air conditioning systems. In 2024 the Company's total water Procedure. We continuously enhance the standardized management of waste treatment ensuring safety and compliance throughout the entire

consumption was 458598.52 tons showing an increase compared to 2023. and emissions for prevention and control of environmental pollution and wastewater management process. All major operational sites of the

The main reason for the rise is the expansion of the Company's operational actively engage in biodiversity conservation efforts such as tree planting. Company hold a valid Permit for Urban Sewage to be Discharged into

building area. Solid waste management the Drainage Pipe Network.To improve water use efficiency the Company has implemented various

water-saving measures and actively developed and utilized The Company implements comprehensive measures for waste

non-conventional water sources. For example rainwater harvesting systems management including pollution prevention and control and properly

have been built to collect and treat rainwater for landscape irrigation handle the collection storage transfer disposal and emergency response

reducing reliance on traditional water sources and achieving diversified of wastes to minimize environmental impact.water supply. In 2024 the Company's Fifth Industrial Park collected General solid waste is classified and handed over to qualified third-party

approximately 341 tons of rainwater throughout the year using a rainwater recyclers for disposal; household waste is regularly collected by the local

harvesting system providing vital support for the park's greenery. sanitation department. For industrial hazardous waste the Company

In addition the Company actively promotes water-saving technologies and strictly complies with relevant solid waste management regulations

equipment such as water-saving fixtures and smart irrigation systems to regularly reporting waste transfers on the Guangdong Solid Waste

further optimize the efficiency of water resource use. In the future the Management Information Platform and entrusting licensed third-party Permit for Urban Sewage to be Discharged into the Drainage Pipe Network

Company will continue to increase investment in water conservation and organizations with compliant hazardous waste disposal.keep exploring innovative water-saving technologies.CV TE Water Usage from 2022 to 2024 CV TE 2024 Waste Emissions CV TE 2024 Wastewater Discharge

Water use

Unit 2022 2023 2024 Indicator Unit 2024 Indicator Unit 2024

indicator

Water Total amount of general solid waste

Ton 407845.84 396293.00 458598.52 Ton 1795.73 Domestic sewage Ton 449847.00

consumption - Disposal method: Recycling

Water Ton/RMB ten

Total amount of hazardous waste

consumption thousand yuan 0.1943 0.1965 0.2047 Ton 17.65 Industrial wastewater Ton 19.89

Disposal method: recycling incineration

intensity of revenue

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 16

Waste gas management Biodiversity protection

The Company strictly adheres to the standards for waste gas management controlling the emissions from the To achieve harmonious coexistence with natural ecosystems the Company actively identifies and assesses the

entire park. Through rigorous waste gas treatment processes it ensures that the gases are purified before being potential impacts of its operations on the environment and is committed to minimizing these impacts. Currently

released preventing air pollution. The waste gases generated during company operations mainly come from park none of the Company's industrial parks are located in biodiversity-sensitive areas and there have been no incidents

operations the combustion of fossil fuels in daily official vehicles producing sulfur oxides (SOx) and nitrogen during operations that damage the surrounding ecological environment or biodiversity. The Company commits to

oxides (NOx) as well as volatile organic compounds (VOCs) emitted during the manufacturing processes at the avoiding or minimizing damage to forest resources and biodiversity doing everything possible to protect the integrity

Fifth Industrial Park’s Intelligent Manufacturing Plant. In 2024 the Company added a Regenerative Catalytic and stability of the natural ecosystem. The Company implements the "right tree for the right place" planting strategy

Oxidizer (RCO) waste gas treatment system to the Fifth Industrial Park’s Intelligent Manufacturing Plant which is scientifically selecting tree species suited to the local environment to actively add greenery and color to our

capable of efficiently decomposing hazardous substances in organic waste gases at lower temperatures ecological homeland. In 2024 the Company planted a total of 320 trees and added green ground cover plants

increasing the organic waste gas treatment capacity to 95000 m3 per hour. covering an area of 3774 m2 continuously improving the ecological environment of the park. In the future we will

continue to increase investment in biodiversity protection expand green spaces and improve ecological quality

contributing to the creation of a beautiful home where humans and nature coexist in harmony.CV TE 2024 Waste Gas Emissions

Indicator Unit 2024

VOCs KG 96.40

NOx KG 330.99

SOx KG 2.65

Tree Planting Activity 2024

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 17

Response to Climate Change

In recent years climate-related issues have become increasingly prominent. The frequent

occurrence of extreme weather events and the complex and volatile macroeconomic

environment pose potential impacts on our business operations. Climate change has

become one of the most urgent global challenges. CV TE has established a robust climate

governance structure refined its climate strategies and strengthened climate risk

management. In parallel we have conducted comprehensive greenhouse gas (GHG)

inventories and assessments to accurately identify and monitor our impact on climate

change taking proactive steps to respond to this global challenge.Climate Governance

The Company has established a climate governance structure led by the Board of Directors as the highest

authority integrating climate issues into the overall ESG governance system. It promotes top-down supervision and

management of climate change issues and has set up management mechanisms for climate-related matters at all

levels. For details please refer to the "ESG Governance" section.Risk and Opportunity Management

Under the guidance of the TCFD framework we identify and assess the impacts of climate change risks and

opportunities over the short term (1-2 years) mid-term (3-5 years) and long term (6-10 years). We also refer to

climate scenarios presented in IPCC assessment reports to incorporate uncertainties such as future climate pattern

changes policy shifts and business development through scenario analysis. Additionally we evaluate our value

chain's adaptability to different climate scenarios the impact of climate-related risks and the potential

opportunities for transitioning to a low-carbon future.At the same time to further optimize resource allocation and enhance the efficiency of managing climate change

risks and opportunities we rank the identified risks and opportunities based on factors such as likelihood impact

and time. This helps us determine the priority of relevant mitigation and response strategies.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 18

List of Climate Change Risks and Response Measures

Financial impact

Risk category Risk description and potential impact Time dimension Countermeasures

magnitude

Plan multiple transportation methods and develop and optimize transportation plans in

advance based on weather alerts

The Company's main offices are located in Guangdong Province along the southern coast of China.Every summer it is susceptible to extreme weather events such as typhoons and heavy rainfall. The Develop emergency response plans including a specialized plan for extreme weather such as

Acute risks increasing frequency and severity of these events including typhoons and floods could lead to Medium Short-term typhoons and heavy rain define specific emergency preparedness and response procedures

disruptions in supply and production potentially affecting the stable delivery of products and services. and conduct regular drills and training for extreme weather

Develop an alternative material mechanism a spot supply mechanism and an inter-factory

material transfer mechanism to ensure material inventory reserves

Physical

In architectural design incorporate natural ventilation install shading devices and reduce

risks reliance on artificial cooling

The ongoing rise in temperature has led the Company to implement additional measures such as ventilation Implement an Energy Management System (EMS) to monitor and optimize energy use in

and cooling measures at its facilities resulting in increased energy consumption and higher operational costs real-time ensuring efficient energy utilization

Chronic risks Small Long-term

Prolonged high temperatures increase the incidence of heatstroke and other heat-related illnesses Install solar panels at operational sites to harness renewable energy for powering cooling and

among employees which can lead to a decline in productivity ventilation systems reducing reliance on traditional energy sources

Regularly conduct high-temperature protection training to raise employees' awareness and

response skills for hot weather reasonably adjust working hours and perform regular health

check-ups for employees

As China’s dual-carbon strategy is gradually implemented various regions have outlined clear

development plans for low-carbon energy transition and energy conservation and consumption

reduction. This may require additional investments to meet compliance requirements

Mid-term and Regularly monitor emerging regulations and continuously track carbon emissions and future

Regulatory risks Currently the carbon trading market is gradually expanding. As business develops and government Medium trend forecasts to promptly adjust carbon management strategies

allocation methods for carbon quotas are adjusted the Company may be included in the carbon long-term

trading market in the future potentially requiring the purchase of quotas which could lead to

increased operational costs

Increase investment in the research and development of energy-saving and low-carbon

technologies to develop more efficient and environmentally friendly products

Assess different low-emission technologies and select the one that best fits the Company's

Over-investing or under-investing in low-carbon products may lead to risks of financial losses or Mid-term and products and market needs

Technical risks missed opportunities; the development of new low-carbon technologies or products may face the Medium

risk of failure resulting in wasted resources long-term Conduct a detailed cost-benefit analysis to assess the relationship between transition costs and

expected benefits

Transition

Develop a phased transition plan to gradually promote the application of low-emission

risks technologies

Regularly conduct market research to understand customer needs and market trends and

adjust product strategies promptly

Changes in consumer demand for environmentally friendly products could impact a company's Increase investment in the research and development of energy-saving and low-carbon

Market risks market share. If the Company fails to adapt promptly it may face risks of decreased competitiveness Medium Long-term technologies to develop more efficient and environmentally-friendly products

and loss of market share Strengthen branding and promote the Company's environmental protection concept and

product advantages to boost brand awareness and customer loyalty. Showcase the Company's

proactive efforts and achievements in addressing climate change through industry exhibitions

white papers and other initiatives.Rising concern among stakeholders about environmentally-friendly products or increased negative Actively respond to stakeholders' expectations for environmentally-friendly products and

Reputation risks feedback on existing products along with a tarnished reputation could impact stock prices Small Long-term reduce the environmental impact of the products

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 19

List of Opportunities and Response Measures for Climate Change Climate risk management

Opportunity Opportunity description Financial impact Time To effectively mitigate the risks associated with climate change we have established a management process for

Countermeasures

category and potential impact magnitude dimension responding to climate change to thoroughly assess potential impacts of climate change. We regularly monitor and

assess the implementation of risk management measures identify issues promptly and make adjustments as

Develop low-power highly durable needed. We continuously enhance our ability to prevent and control climate change-related risks.electronic products to meet

consumers' demand for

environmentally-friendly products and Climate Risk Management Process

enhance competitiveness

Under the trend of

sustainable development the Increase investment in business areas We identify risks from multiple dimensions including physical and transition risks. Using

public's preference for green with direct green and environmentally

Products products and services is friendly attributes such as energy

professional methodologies we have identified direct damage from extreme weather events to

Medium Long-term storage and other power electronics company facilities and equipment supply chains and operations challenges arising from policy

and services gradually increasing. The Risk LED displays and the recycling of and regulatory changes that drive the transition to a low-carbon economy such as technological

Company can develop green identificationelectronic products and other energy upgrades cost increases and shifts in market demand and potential threats such as legal liabilities

low-carbon products to transition-related products and or reputational damage due to carbon emissions environmental impacts and other issues. We have

expand its market share solutions and explore new markets developed a structured identification process and produce a risk identification checklist.Consider the recyclability of materials

during the product design phase and

promote the use of recyclable

materials Based on the risk identification results the assessment is conducted using a combination of

qualitative and quantitative methods focusing on the likelihood of risk occurrence the potential

Risk

impact and the effectiveness of current control measures. Using professional statistical models

assessment

Continuously promoting the and data analysis software we analyze quantifiable risks to provide comprehensive evidence for

concept of green operations Adopt advanced manufacturing risk-based decision making.through energy-saving techniques and processes to improve

technologies purchasing green production efficiency and reduce

electricity self-generation of resource waste

Resource

green electricity resource Small Mid-term

efficiency Install energy-saving equipment and

recycling etc. to improve renewable energy systems (such as We have developed emergency response plans for critical risks. By establishing a risk response

resource utilization can reduce solar photovoltaic panels) to reduce Risk response process that includes early warning (pre-event) response (during the event) and recovery

resource consumption and waste reliance on traditional energy sources (post-event) we can ensure timely and effective control of losses when risks occur.generation during production

and lower operational costs.Based on the identified and assessed climate change risks and opportunities we have taken proactive

response measures to explore and promote the circular economy. Our current operational strategy and

management measures demonstrate strong adaptability to climate-related issues enabling us to

effectively withstand associated risks.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 20

Greenhouse Gas Emissions Management

Following the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) (GHG

Protocol) and ISO 14064-1: Specification with Guidance at the Organization Level for Quantification and Reporting

of Greenhouse Gas Emissions and Removals. the Company employed the operational control approach to define

the organizational boundaries for the 2024 greenhouse gas inventory conducted a comprehensive greenhouse

gas emissions inventory and commissioned an independent third-party verification organization to perform an

audit to ensure the scientificity and accuracy of the data accounting. Management objectives

Types of greenhouse gases In the future the Company will further strengthen its carbon emission management efforts continuously measure

and transparently disclose its operational carbon emissions and continually improve the scientificity and

According to the GHG Protocol and based on the latest IPCC assessment report the greenhouse gases included effectiveness of its carbon management. Building on this the Company will develop reasonable and achievable

in this inventory are: carbon dioxide methane nitrous oxide hydrofluorocarbons perfluorocarbons sulfur quantitative carbon emission targets based on its operational characteristics and development strategy supporting

hexafluoride and nitrogen trifluoride. the achievement of low-carbon and sustainable growth.Greenhouse gas emission scopes CV TE 2024 Greenhouse Gas Emissions (Location-Based Method)

Scope 1: Direct greenhouse gas emissions Scope 1: Direct

greenhouse gas emissions

Direct greenhouse gas emissions include fixed-source combustion emissions moving-source combustion

emissions and fugitive emissions within the organization's boundaries. Within the Company's boundaries 2.01%（2209.63）

fixed-source combustion emissions come from natural gas use and diesel generator emissions; moving-source Scope 3: Other Indirect Greenhouse

combustion emissions include gasoline and diesel use by company-owned vehicles; fugitive emissions include Gas Emissions6

emissions from the use of CO2 fire extinguishers air conditioning refrigerants and septic tanks. 63.23%（69540.18）

Total greenhouse gas

Scope 2: Indirect greenhouse gas emissions from energy input emissions* (tCO2e) Capital goods

The purchased energy consumed within the Company's operational areas represents indirect emissions of Fuel- and energy-related activities

energy input primarily including purchased electricity. 109969.85

Waste generated in operations

Scope 3: Other indirect greenhouse gas emissions Scope 2: Indirect Business travel

Greenhouse Gas Emissions Employee commuting

Emissions in Scope 3 represent the results from company activities but do not originate from sources owned or

controlled by the Company. Examples include the extracted raw materials and the raw materials purchased for 34.76%（38220.04）

production the fuels purchased for transportation and the use of sold products and services. For this reporting

year the Company identified and accounted for 10 categories of Scope 3 emissions. The disclosed categories

in the Scope 3 include: Category 2 Capital Goods Category 3 Fuel- and Energy-Related Activities Category 5

Waste Generated in Operations Category 6 Business Travel and Category 7 Employee Commuting. Greenhouse gas emission intensity (Scope 1 + Scope 2): 0.0180 tCO2e /RMB ten

thousand of revenue

6The disclosed categories in the Scope 3 include: Category 2 Capital Goods Category 3 Fuel- and Energy-Related Activities Category 5 Waste Generated in Operations Category 6 Business Travel and Category 7

Employee Commuting

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 21

Creating Green Products

CV TE is committed to developing Lightweight Product Design Environmentally-Friendly Product Energy Efficiency

environmentally and socially beneficial

product solutions striving to reduce the Under the guidance of sustainable product design Packaging Materials Electronic products are facing increasing demands for green and

principles in 2024 we achieved breakthroughs in the low-carbon energy efficiency. The Company has achieved

carbon footprint throughout the entire lightweighting of core products such as intelligent improvements in product energy efficiency across the entire Packaging is a significant environmental factor in the

product lifecycle. At the design and interactive flat panels through process optimization

lifecycle through technological innovation and built an

development of environmentally-friendly products. We energy-saving technology system that covers end-user products

component integration and materials science

manufacturing stages the Company have established the CVTE Packaging Structure Design such as intelligent interactive flat panels and LED displays to application. We continue to develop Specification which specifies the design requirements for promote the sustainable development of the industry while

selects eco-friendly materials strictly environmentally-friendly products that combine high product packaging and standards for selecting packaging creating low-carbon value for users.performance with low carbon footprint exploring new

controls the content of hazardous materials. These ensure that packaging materials comply possibilities in product structure and materials. with relevant laws and regulations as well as national Energy efficiency transformation of intelligent

substances in products promotes material and industry recommended standards and that products interactive flat panels: From hardware

recycling and improves resource use Structural thinning meet environmental testing requirements. Our goal is tobuild a green packaging system centered on “reduction - restructuring to system optimizationefficiency. Meanwhile through innovative Backplane thinning: Utilizing high-strength composite recycling - regeneration”. In 2024 we implemented

design the Company enhances product materials and structural simulation design the backplanes multiple measures to reduce packaging material usage.Based on the Company's independently developed

high-luminous-efficiency LED and high-gain membrane

of the intelligent interactive flat panels have been made

energy efficiency reduces energy technology by optimizing processes such as LED chip structure thinner effectively reducing material consumption. design and combining innovative multi-layer composite optical

consumption during product use and Optical system lightweighting: A novel optical design Innovation in all-paper cushioning materials membrane solutions along with simulation design and real-world

maintains high light transmittance while optimizing the testing the intelligent interactive flat-panel products can

alleviates environmental impact. thickness and weight of the diffuser plate in interactive flat In the packaging cushioning materials sector traditional EPE significantly reduce power consumption while maintaining

panels. Ultra-narrow LED light strip PCBs are also plastic foam materials have been fully replaced with industry-leading brightness standards. Additionally we are

innovatively adopted. biodegradable pulp molding materials to achieve all-paper actively advancing the research and development of

packaging. This has already been implemented in some next-generation energy-saving technologies including Functional component refactoring: While ensuring

mainstream models and the Company plans to expand the cutting-edge solutions like high-transparency OC glass. Our goal load-bearing strength we apply thin wall-mount bars to

reduce the amount of steel used in the bars. all-paper packaging transition to more core product lines.is to further enhance the overall energy efficiency of display

systems and promote sustainable industry growth.Integrated design of component Reduction of packaging volume LED display system energy saving certification:

By eliminating redundant structural designs and By refining packaging structure design the overall packaging From compliance to value creation

integrating functions such as optimizing the structure of volume has been compressed enabling optimal use of

wall mount columns and handle components and three-dimensional space. The improved packaging solution has Currently LED displays are rapidly evolving towards high luminous

removing the rubber frames from commercial display increased container loading efficiency by approximately 20% efficiency long lifespan and intelligent energy-saving capabilities.modules the Company reduces the use of materials such effectively reducing carbon intensity during transportation. The Company has established a comprehensive energy-saving

as steel and plastics. certification system covering its entire product lineup. Its QSTECH

series products strictly adhere to the mandatory national energy

Material substitution and optimization Increased use of recyclable materials efficiency standard GB 21520-2023 and the T/COEMA industry

in packaging specifications. Through process optimization the energy

By replacing aluminum profiles with sheet metal for the consumption of all LED display devices has been further reduced.frame and changing secondary screens from aluminum The Company has established strict environmental access At present the Company's latest generation of LED all-in-one

profiles to plastic the Company reduces anodizing and criteria for packaging material selection prioritizing the use of series products driven by innovative power management

CNC machining processes thereby lowering energy reusable materials such as wooden crates cardboard boxes technology and dynamic backlight adjustment algorithms have all

consumption in product manufacturing and VOC emissions. and flight cases. passed China Energy Label Level 1 certification. They are poised to

be a new benchmark for green performance in large-scale

commercial display devices.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 22

Management of Hazardous Substances in Product Materials

The Company continuously improves its hazardous substance management Hazardous substance control system Supplier management for hazardous substances

system establishes an environmental protection management team and

develops the CGPM Green Product Management System. It strictly controls CVTE strictly complies with the laws and regulations of China and the European Efficient management of the use of hazardous substances by suppliers is a

potentially hazardous substances in products to ensure that the levels of Union such as the Regulation on Registration Evaluation Authorization and crucial part of the Company's efforts to achieve HSF goals. To ensure that

hazardous substances in raw materials manufacturing processes and Restriction of Chemicals (REACH Regulation) EU Directive on the Restriction of the suppliers effectively manage hazardous substances the Company has developed

finished products comply with legal regulations meeting increasingly Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS and implemented the Supplier Lifecycle Environmental Management Directive) and EU Directive on Waste Electrical and Electronic Equipment (WEEE) Specification ensuring that all environmental management requirements are met

stringent environmental protection standards. as well as customer requirements regarding the limitation of hazardous substances throughout the supplier's lifecycle. The Company requires that all parts supplied

continuously revises internal policies like the Hazardous Substances Management by suppliers including materials components and assemblies must meet the

Standard and incorporates restrictions on relevant hazardous chemicals. Company's standards for hazardous chemicals and has signed agreements with

Additionally it integrates industry standards and the latest legal and regulatory all suppliers incorporating quality assurance and hazardous substance

requirements ensuring that the most current environmental and health standards management clauses clarifying hazardous substance management requirements

are integrated into product design and development material procurement and reinforcing the suppliers' responsibilities.manufacturing and shipping processes to strengthen hazardous substance control

across the entire product lifecycle. At the sourcing stage we assign environmental engineers to conduct a

comprehensive inspection and assessment of the supplier's hazardous substance

As of the end of 2024 the Company had specified the restriction of multiple management measures ensuring that controls are effectively implemented during

hazardous substances including tetrabromobisphenol A hexabromocyclododecane the procurement process. In supplier lifecycle management we clearly define

chlorinated paraffins and polychlorinated phenols and their derivatives (PCP). The environmental protection requirements as a red line for CVTE's quality management.Company has also specified 69 restricted substances in products 18 restricted Suppliers who do not meet environmental policies will not be approved for

substances in packaging materials and 12 declared substances. cooperation. During the cooperation if a supplier is found to be non-compliant with

environmental protection requirements and refuses to cooperate with corrective

The Company continues to promote the establishment of hazardous chemical actions their qualification will be revoked and they will be blacklisted.substances management systems across its subsidiaries and production lines

ensuring effective control of hazardous substances. During the reporting period

several key subsidiaries of the Company including Shirui Electronics and Shizhen

QC 080000 Certification RoHS Verification Report RoHS Verification Report Issued Electronic obtained QC 080000 certification for the hazardous substance process

by the UAE

management system. Multiple products also passed testing and verification under Sourcing Import Cooperation Termination

EU standards such as RoHS and REACH. stage stage stage stage

Led by: Procurement Led by: Procurement Led by: Quality Led by: Procurement

Environmental Environmental Environmental Environmental

Substitution and reduction of hazardous substances management: management: Signing management: Process management: Fulfillment Collection of supplier of agreements and audits environmental of environmental

qualification documents environmental protection spot checks responsibilities assurance

of environmental

for environmental declarations submission environmental

The Company is steadily advancing toward its Hazardous Substance Free (HSF) goal. A capabilities of alternative protection and of environmental assessments suppliers and

hazardous substance reduction plan has been developed to actively identify substitute preliminary assessment qualifications and environmental implementation of of environmental capability certifications empowerment training residual environmental

materials aiming to minimize and eliminate the use of hazardous substances. control capabilities sample test reports etc. continuous monitoring

improvement etc. responsibilities.According to the IEC 61249-2-21:2003 standard we advocate the use of halogen-free

materials (using only chlorine and bromine compounds) and has reduced reliance on

halogen-based flame retardants in our products. Additionally all currently marketed

products of the Company meet lead-free compliance requirements. Supplier Lifecycle Environmental Management Diagram

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 23

Power Electronics Business

Power electronics technology plays a key role in driving energy transition and intelligent development. Building on our technical expertise in component manufacturing we have continued to increase investment in power electronics

business. Centered around residential energy storage inverters we uphold the vision of “Green Energy Warm Living” and the mission of “Leading with Technology Ensuring Quality Making Electricity Use Worry-Free” focusing on

delivering high-efficiency reliable intelligent and eco-friendly energy solutions.Based on the differentiated demands for energy accessibility worldwide we create a multi-tiered product system through scenario-based innovation. Targeting regions in Middle East Asia Africa and other areas facing power

shortages we offer customers off-grid residential energy storage inverters ranging from 1.2KW to 12KW to help stabilize household electricity supply. For the high electricity price markets in Europe we have developed off-grid and

grid-tied inverters to achieve dual optimization of both energy and economic efficiency. In 2024 through Maximum Power Point Tracking (MPPT) algorithm optimization and MPPT technique iteration the Company significantly

improved the solar conversion efficiency of our residential energy storage inverter products. Additionally by strengthening component selection and optimizing reliability design we further reduced product defect rates and extended

product lifespans ensuring safe energy use for users with high-quality products.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 24

Promoting the Circular Economy

The recycling and reuse of electronic products

are crucial for promoting the development of a Recycling scope and Self-established recycling Trade in old for new

circular economy. We actively respond to national

policies such as the Manufacturer Responsibility channels and repair center

Extension System Implementation Plan and

incorporate environmental responsibility

throughout the entire product lifecycle from Our electronic product recycling services now To improve product recycling efficiency and To further promote green low-carbon and circular

design to recycling and reuse. The main products cover all provinces in China primarily serving service quality the Company has established its development MAXHUB a brand under our company

our company sells are generally highly recyclable. enterprise clients. To meet the diverse needs own specialized recycling and repair center. The actively responds to the call for green consumption. of our users we offer three flexible recycling center is staffed with a professional team Targeting the large conference market with vast

During the design and development phase we channels: including personnel for collection inspection and replacement demand we offer a trade-in service that

prioritize recyclability as a key factor to ensure maintenance and is equipped with advanced accepts old devices regardless of brand age or

maximum resource reuse at the end of the Fixed-point recycling monitoring tools to ensure precise and efficient condition (including malfunctioning equipment). Users

product's lifecycle. product monitoring and maintenance processes. can upgrade to MAXHUB's flagship products through

Users can bring their old products to our Through a standardized repair process we aim to our value-for-money trade-in program. During the

Currently the Company primarily focuses on multiple collection warehouses located across maximize the reuse value of products while promotional period we offer a one-stop service that

recycling electronic products such as commercial the country. ensuring a superior user experience. includes free disassembly and transportation

display and IT devices. For repairable products

On-site recycling professional engineers on-site for installation and we restore their appearance and functionality commissioning and a device health check service

through maintenance before reselling. For According to customer needs we offer on-site ensuring a worry-free green upgrade experience.irreparable or scrapped products we partner disassembly and recycling services carried out

with environmentally certified companies to by professional staff. MAXHUB's recycling service not only helps businesses

ensure compliant disposal and resource unlock the residual value of their IT devices through

utilization. The subsidiary Shirong Information has Mail-in recycling comprehensive processes such as residual value

obtained the qualification certificates for general assessment compliant disposal and data security

solid waste treatment services electronic data For electronic products that are easy for users to management but also promotes the recycling of core

destruction services and renewable resource disassemble or suitable for mailing (such as laptops components of old devices through standardized

recycling services. During the reporting period it learning devices etc.) users can complete the regeneration processes. This accelerates the

also completed the filing for renewable recycling process by mailing them back. widespread adoption of green intelligent meeting

resources and the certification for reverse terminals injecting industrial momentum into green

invoicing eligibility. transformation and circular economy development.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 25

02 Social Part

In current wave of globalization and digitalization social issues are becoming increasingly

complex. From employee well-being to community development from social equity to

public welfare every issue is tied to the shared destiny of humanity. Upholding the

philosophy of "people-oriented" CV TE is dedicated to creating greater value for customers

employees communities and society at large through innovation and practice. In this Social

Part we will showcase the Company's proactive efforts in research and development

product quality management customer responsibility fulfillment employee care and social

contributions conveying our vision and commitment for a better society.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 26

Innovation-Driven Development

Innovation is an inexhaustible driving force behind sustainable growth for

enterprises. As a technology company we adhere to the development

philosophy of "Taking science and technology as the guide and innovation

as the driving force". Internally we have established a Technology

Committee chaired by the Chief Technology Officer (CTO) responsible for

strategic planning of the Company's technological development roadmap.Focusing on core fields of technology the Company has established

specialized subcommittees for display audio video connectivity and

intelligence. These subcommittees are responsible for mid-to-long-term

planning and preliminary research in their respective fields promoting

cross-organizational collaboration and the transformation of results

thereby building a competitive edge in technology.

2024 As of the end of the reporting period

RMB 1.54 billion 7.20% 6 .88% 3849 57.51%

Company's R&D YOY Increase Proportion Technical Proportion of Total

investment of Revenue Personnel Workforce

R&D System Development

Guided by market demand and technological development trends the Company has established a

comprehensive innovation and research system to ensure precise implementation of research

directions and forward-looking planning. Internally the Company has established the "Three

Institutes and One Workstation" including the Central Research Institute Central Engineering

Institute Innovation Design Institute and Postdoctoral Research Workstation bringing together over

a hundred domestic and international PhDs and senior experts. The Central Research Institute

focuses on cutting-edge basic and applied research in areas such as multimodal large language

models and visual computing. The Central Engineering Institute specializes in advanced

engineering technologies including materials and optics. The Innovation Design Institute centers

product innovation around user experience. The Postdoctoral Research Workstation serves as a

training base for cultivating high-level talent and a platform for advancing frontier technological

innovation in the industry.In terms of R&D system construction the Company has deeply integrated CMMI (Capability Maturity

Model Integration) and DFSS (Design for Six Sigma) methodologies combined with the IPD

(Integrated Product Development) framework to enable collaborative innovation cross businessgroups and established a three-generation rolling R&D mechanism— “pre-researching onegeneration developing one generation and marketing one generation” creating a seamless

innovation chain from basic research to product commercialization. The Company continues to

advance its digital transformation by integrating cutting-edge technologies such as AI and big data

into R&D management processes. It has established a centralized data platform to consolidate key

R&D metrics and built a monitoring and analysis system enabling dynamic resource allocation and

optimized project management. To ensure the efficient operation of the R&D and innovation system

the Company adopts a holistic planning specialized development and iterative evolution approach. It

also regularly conducts technology roadmap and organizational efficiency assessments to

continuously improve the R&D system.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 27

R&D and Innovation Achievements Foundational model research and applications

Focusing on the two core technological pillars artificial intelligence Amid the current wave of digitalization large language model (LLM) technology is becoming the driving force behind innovation and development across various industries. The

and interactive display the Company continued to explore relevant Company has continued to increase its investment in artificial intelligence. In 2024 we successfully registered our "CVTE Large Language Model (Self-developed)" injecting

R&D fields in 2024 to lay a solid technological foundation for the innovative energy into the digital transformation of vertical sectors such as education and meetings. Through the application of LLM technology we are focusing on the

development of innovative and high-quality products. Selected R&D collaborative optimization of safety and efficiency continually achieving breakthroughs through technological iterations.achievements are outlined below: Building a technological foundation Driving product and scenario innovation: Improving internal R&D efficiency:

centered on safety and inclusivity: edge Application of LLM technology in Automated testing for TV UI

inference technology classroom observation systems We found that in the current TV UI testing work automated

testing accounts for less than 10%. The main challenges are

In the development of LLM technology challenges such as data The deep integration of LLM technology in education is driving a the high skill requirement for writing test cases the

security and cost control arise. Edge inference has become a key transformation of the educational ecosystem. Our self-developed time-consuming process (about a week per version) and poor

technological approach to achieving "safe and controllable Seewo Teaching LLM is applied in classroom observation scenarios. reusability across different versions. To address this weinclusive AI”. To address real-world challenges such as potential Through features like Ai-driven lesson evaluation it truly empowers introduced LLM technology capabilities which utilizing visual

privacy leaks network delays and service interruptions in smart frontline teaching with AI technology driving an intelligent localization and visual question answering to enable us to

terminal devices we optimize localized deployment solutions transformation of classroom observation and teaching assessment. automatically identify test targets control operations and

using edge inference technology significantly enhancing the To address issues in early AI-driven lesson evaluations such as detect interface anomalies. This significantly reduces reliance

real-time responsiveness and operational stability of smart insufficient subject adaptation and limited coverage across on manually written test cases. As a result the automated TV

terminals in scenarios like education and meetings. For example educational stages the seewo 7th-Generation device features an UI testing accounts for over 80% substantially reducing labor

in educational settings edge LLM can ensure that teachers and AIGC7-based lesson evaluation module that builds a nine-dimensional costs boosting work efficiency and enhancing product quality

students continue to use intelligent teaching services smoothly evaluation system. This system covers key areas like classroom control efficiency.even in weak or disconnected network environments. This not rhythm analysis knowledge point relevance assessment and new

only effectively addresses issues related to data privacy and curriculum standard alignment enabling precise adaptation across

network stability but also has the potential to provide different educational stages and subjects. Using natural language

technological support for the equitable distribution of educational processing and multimodal data analysis the system generates

resources helping to achieve the goal of balanced allocation of structured feedback reports and links to the seewo teaching resource

high-quality resources outlined in China's Education Modernization library to provide personalized improvement suggestions.

2035. To date we have filed two core patents covering

mixed-precision compression methods and multi-hardware By the end of 2024 the Seewo Classroom Intelligent Feedback

collaborative inference optimization solutions. System has been established in 19 key demonstration zones

covering over 2000 schools and generating more than 150000

AI-driven lesson evaluation reports. The value of LLM technology

lies not only in automating report generation but also in reshaping

the paradigm of teaching evaluation through closed-loop data

advancing education from "empiricism" to "evidence-based practice".TV Cloud Testing System - AI Module

AI Computing Power Module Seewo Classroom Intelligent Feedback System Interface

7AIGC (Artificial Intelligence Generated Content) refers to Content created by Artificial Intelligence. It is an

application based on AI technology that through training on large amounts of data and learning human

language patterns and features produces various types of Content such as text images and speech.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 28

Research and application of tactile interaction technology

In the field of tactile interaction we focus on the core needs of users and enhance the human-computer interaction

experience through technological innovation. We have developed several groundbreaking solutions for computing

devices and intelligent interactive flat panel application scenarios effectively addressing longstanding industry pain

points and advancing the implementation and improvement of tactile perception and feedback functionalities.Full-area touchpad solution Multi-finger touch with localized vibration technology

Our innovatively developed all-area pressure-sensitive touchpad We explored multi-finger touch with localized vibration technology from

technology can be applied to laptops and other terminal scratch. Using an array of actuators it enables multi-touch on a

products. In ultra-thin spaces it uses a "pressure sensing + tactile 15.6-inch touchscreen while providing localized vibration feedback at

feedback" technology to give users a realistic key travel feedback. any point. This technology is a pioneering innovation in the industry. In

This significantly improves the interaction experience of most the future it can be widely used in various touch interaction scenarios

mechanical touchpads on laptops addressing issues such as such as virtual keyboards on touchscreens allowing users not only to

inability to press the upper pad area uneven pressure dragging feel the edges of the keyboard but also to experience the keystroke

difficulties and multi-finger operation errors. At the same time it depth while typing. Moreover this technology is expected to improve

frees users from relying on a mouse enhancing the portability of the experience for visually impaired users when interacting with

laptops. This technology will help the Company develop touchscreens enabling barrier-free access to a rich variety of digital

technically advanced and functionally differentiated products in information and bringing transformative change to digital inclusion.the computing device space setting a new standard in tactile

experience.High-channel capacitive touch solution Instant pen-to-write interaction

As the demand for larger-size screens in intelligent terminal In the context of the current homogenization of basic functions

devices continues to grow capacitive touch technology faces across intelligent terminal interaction screens enhancing the

industrial challenges as it extends from small and medium sizes immediacy and smoothness of user interaction experiences has

to larger displays. Traditional capacitive touch technology mainly become a key challenge. Mainstream market products require

uses 200 to 350 channel configurations lacking applications with multi-level menu calls and setup operations (e.g. annotation feature

high-channel solutions. We partnered with leading chip wakeup) to enable handwriting functions. The complex operation

companies in the industry to jointly design and develop the first process significantly hampers user efficiency. Based on user

high-channel capacitive touch solution achieving the world's first research we integrated user feedback data with contextual analysis

mass-produced product with over 440 channels. This solution to analyze the use cases of intelligent interactive large screens and

starts with chip design architecture and capacitor film material simplify the operational steps. Through collaboration between the

design utilizing the Company's simulation technology platform to interaction team and the engineering technology team an

optimize parameter combinations. It combines high-channel innovative industry-first "Instant Pen-to-Write Interaction" solution

control schemes to overcome bottlenecks such as signal was developed enabling real-time handwriting response across the

interference process adaptation reliability and performance entire interface. This innovative technology breaks through

stability. The goal is to develop a leading industry 3mm traditional interaction experiences eliminating redundant multi-step

high-precision rigid passive pen solution that supports accuracy operations during function calls. It synchronizes handwriting

better than 1mm. This breakthrough in technology has introduced intentions with interaction actions in milliseconds effectively

a new paradigm for the development of high-performance reducing user cognitive load and operational effort creating a

capacitive touch technology in the industry. natural seamless and effortless writing experience.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 29

Research and application of engineering technology

Materials field Radio frequency technology

Driven by the performance upgrades of intelligent terminal devices and the trend toward green manufacturing we have continued to advance innovation in materials Radio frequency technology enables wireless interconnectivity for terminal

to overcome the limitations of traditional material functionalities. products. We have overcome the bottleneck of long-distance wireless

In terms of composite materials we have developed antibacterial conductive and high-toughness materials that can significantly enhance product functionality and transmission and by leveraging electromagnetic simulation and innovative

reliability. These materials have been scaled up for use in various terminal products such as intelligent interactive flat panels and styluses. Additionally we have antenna designs created highly reliable communication solutions. Taking the

developed engineering plastics with high mechanical strength and high dimensional stability to substitute metal components successfully applied in display device intelligent educational recording system as an example its antenna module

handles and mid-frame constructions. These materials offer lightweight solutions for robotics wearable devices automotive electronics etc. consists of multiple external antennas. Installing and removing them is

In 2024 we focused on developing magnetic core adhesives that now meet top-tier international standards in key aspects such as curing temperature curing time complicated easily damaged and cannot meet the requirements for

and room temperature storage. While reducing energy consumption during production they have significantly improved production line efficiency supporting the long-distance high-definition audio and video transmission. We have

automation of our manufacturing process. designed a low-profile high-gain antenna solution. For long-distance HD audio and video transmission over 100 meters in recorded broadcasts the

Simulation technology antenna gain is increased by 6dB enhancing signal strength. This doubles

the transmission range and effectively ensures signal stability over long

The Company's comprehensive simulation system deeply integrates multiple disciplines including fluid dynamics structural mechanics and signal integrity analysis to distances. In addition the low-profile antenna design with reflector not only

tackle the core challenges of complex system design. By replacing traditional physical trial-and-error with simulation we reduce testing costs across the full lifecycle allows for a compact height making it easy to integrate internally but also

from concept to mass production. Incorporating AI algorithms to optimize simulation parameters we are advancing toward “zero-defect design” in electronics reduces assembly loss and costs.achieving automotive-grade complex system simulation and building a core engine for intelligent manufacturing.To address the industry pain points such as insufficient design margins for complex PCB interconnects long iteration cycles and difficulties in signal and power

integrity assessment we utilize a 3D full-wave electromagnetic solver to precisely analyze PCB models. Combined with co-simulation of actual signal sources' driving

characteristics we accurately simulate the signal transmission behavior in real-world scenarios enabling quantitative assessment of signal quality and power integrity

in complex PCB interconnect structures. This technology effectively shortens the design verification cycle successfully supports product design margin assessment

and efficiently avoids the risks of repeated revisions associated with traditional trial-and-error development.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 30

Innovation Incentives and Innovation Atmosphere Building

To inspire employees' passion for innovation we have established a systematic

innovation mechanism that spans from creating an atmosphere to implementing Patent technology award Innovation atmosphere building

supportive policies. We encourage staff to explore boldly innovate continuously

and promote overall organizational innovation. We have developed and To foster a virtuous cycle of "Innovation - Protection - Commercialization - Value An innovation atmosphere is a key driving force behind technologicalimplemented the Academic Awards Policy which clearly defines the academic Creation" strengthen intellectual property protection efforts and promote the innovation. We focus on building a technical culture centered on “Overcomingachievements eligible for awards the recipients conditions standards and industrial application of innovative outcomes the Company regularly conducts challenges and innovative breakthroughs”. Through a regular matrix of

detailed procedures. Upholding principles of transparency fairness and justice patent technology awards. Following the principles of "Categorized Management technical activities we have built a strong tech community brand Geek. This

the policy aims to motivate and incentivize both teams and individuals involved and Differentiated Rewards" we set up seven award categories including not only enhances the technical atmosphere but also promotes knowledge

in technological innovation fully mobilize employees' creative enthusiasm and invention patents utility model patents design patents and overseas patents. exchange and the sharing of experiences.promote the production of landmark achievements. These cover the entire patent lifecycle—application granting implementation

and commercialization. Based on patent quality and contribution to business Since 2017 we have held annual TechDay events featuring hardware and

development we provide precise and differentiated rewards to fully stimulate software technology weeks. In 2024 the TechDay technology and product

Innovation award innovation vitality. exhibition showcased a total of 89 innovative projects covering fields such as

audio and video displays interaction connectivity touch technology

The Company regularly conducts annual Innovation Awards and quarterly Annual Patent Awards engineering artificial intelligence and power electronics. The event highlighted

Micro-Innovation selection activities to encourage all employees to engage in both software innovations and hardware breakthroughs fully demonstrating

micro-innovations and small improvements across various fields such as Focused on four core technological areas—algorithms software electronics the Company's technological strength. Over 4000 employees participated

technology manufacturing processes product quality and management aiming and structures—while also recognizing achievements in design innovation and collaborating with industry experts to explore cutting-edge technologies and

to fully stimulate each individual's innovative thinking and creativity inspiring overall patent engagement these awards aim to honor inventors who have showcase product achievements.them to propose new ideas and perspectives. In 2024 a total of 2019 innovation achieved outstanding technological innovations. In 2024 over 200 employees

and micro-innovation projects were submitted involving 2198 participants. were recognized with the Company's annual patent awards.Quarterly Patent Awards

This involves quarterly statistics on the Company's invention patent

applications invention patent grants utility model grants and design patent

grants as well as the practical application and implementation of these

patents in business. The selection process is conducted rigorously and

967 outstanding teams and individuals are promptly recognized and rewarded. In

623 2024 more than 2000 employees were recognized with the Company’s

Product & Technology

Innovation Management &

quarterly patent awards.Efficiency Innovation

96195

Marketing Process &

Innovation Manufacturing

138 Innovation

Product Quality

Innovation

2024 Micro-Innovation Project Submission Status

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 31

Ethical Management for Artificial Intelligence

Artificial intelligence (AI) technology is transforming industries at Content Security Governance Fairness and Non-Discrimination Transparency

an unprecedented pace with technology companies playing a Content security means that the content provided We believe that products should serve a diverse Users have the right to understand the technical

crucial role in this transformation. As a leading technology to users does not include risks such as violating range of user groups and that fairness in how principles service capabilities limitations

company in the industry we firmly believe that the safe and socialist values laws and regulations commercial users are treated within the product service is permission access data usage and other terms

responsible use of AI technology is essential. We exercise stringent ethics or infringing on personal privacy. In terms of especially important. We ensure equal product related to the products they use. Our user service

oversight of technology ethics with the Chief Technology Officer software and algorithm services we have deployed service capabilities in areas with limited conditions. terms are clear and transparent. We inform users

Chief Risk Officer and Chief Product Officer jointly responsible for a keyword filtering library and various interception For example in remote mountainous regions with of product updates through the service terms and

the review process. methods that cover all statutory safety risk poor network conditions to guarantee the service obtain their informed consent.Regarding the review mechanism we have implemented: categories ensuring effective blocking of illegal capabilities for smart campus products we provide

Quarterly safety assessment: covering the legality of training data content. We have also established comprehensive on-device deployment solutions allowing users to

compliance of generated content and analysis of user feedback systems for testing acceptance and release enjoy equitable intelligent education services. ； approval and mechanisms for retraining on illegal Meanwhile we can tailor research and development

Major update review: any algorithm model architecture content user feedback and routine inspections to for different user groups enhancing their quality of

adjustments or new feature launches must be approved by the ensure timely updates and iterations. life and overall well-being.review committee beforehand；

Annual external testing: engaging third-party authoritative

organizations (e.g. local bureaus of industry and information

technology) to conduct offensive and defensive drills to test data

security.The ethical norms for technology that we follow primarily include:

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 32

Promoting Industry Development CV TE showcased multiple products at ISE 2024 a premier Seewo participated in drafting the W hite Paper on Data exhibition for global AV industry Governance and Sharing Technical Standards for

The Company continues to deepen the construction of an innovative ecosystem In February 2024 at the Integrated Systems Europe (ISE) a bellwether event for Educational AI LLM

for industry collaboration. Through in-depth partnerships with industry the global AV industry CVTE showcased its sub-brands MAXHUB and QSTECH

associations research institutions and peer companies we conduct technical and presented a wide array of latest products and full-scenario communication In July 2024 under the guidance of the Education and Information Technologydiscussions on cutting-edge fields such as ultra-high-definition displays and display solutions. Our "MAXHUB Ultra-Wide 5K Display” product stood out Standard Committee of the Ministry of Education of PRC seewo an

intelligent interaction and artificial intelligence and actively organize or among over 1000 products and solutions showcased by companies worldwide educational technology brand of CVTE participated in drafting the White

participate in the development of industry standards to promote breakthroughs earning the "BEST OF SHOW" award. This highlights the Company's ongoing Paper on Data Governance and Sharing Technical Standards for Educational AI LLM officially released at the 2024 World Artificial Intelligence Conference

in industry generic technologies and accelerate industrialization and achieve innovation and strong competitiveness in UHD Display technology. (WAIC). Seewo as a provider of smart education solutions continues to drive

all-win outcomes and coordinated development across the entire supply chain. the digital transformation of education through participation in setting

As a dual-chain leader in the Guangdong UHD display industrial chain and the educational standards. The release of this White Paper will accelerate the deep

Shaanxi new-type display industrial chain the company is committed to driving integration of AI technology in teaching scenarios promote standardized governance and sharing of AI LLM data in the education sector maximize the

coordinated development among upstream and downstream enterprises. value of educational data and drive high-quality development in the industry.Additionally we have repeatedly assigned technical experts in audio video and AI

fields to participate in the seminars and industry exchanges organized by

authoritative standardization bodies such as the National Technical Committee for

Standardization of Audio Video and Multimedia Systems and Equipment the

Artificial Intelligence Subcommittee and the Educational Technology

Subcommittee of the National Technical Committee for Standardization of

Information Technology and the UHD World Association. Leveraging our deep

technical expertise and extensive practical experience we have actively

contributed to the development and refinement of related standards promoting

the advancement and optimization of industry technologies.Newly participated in the development of Cumulatively participated in the development of MAXHUB showcased its core products at InfoComm Asia

6 7 13 15 15 80 In July 2024 the highly anticipated professional AV and integrated experience CV TE participated in the 136th China Import and Export Fair

event in the Asia-Pacific region— InfoComm Asia 2024—was held at the Queen

national industry group national industry group Sirikit National Convention Center (QSNCC) in Bangkok Thailand. MAXHUB the In October 2024 the C ompany showcased a series of innovative

standards standards standards standards standards standards global brand of CVTE showcased its solutions across three major scenarios: products and solutions at the 136th C hina Import and Export Fair

business education and display. They also introduced core products such as (C anton Fair). The exhibits included cutting-edge products across core

the XCore Kit Pro V7 Intelligent Conference Panel and the third-generation areas such as display components computing devices intelligent

all-in-one LED display. These offerings delivered a refreshed user experience to hardware household appliances residential energy storage digital

global partners and highlighted the Company’s ongoing innovation and education immersive conferencing and intelligent displays for

achievements in the commercial display domain. commercial scenarios. They thoroughly highlighted the C ompany's

global development strategy driven by the dual engines of "technology

+ scenario" demonstrating its strong technological foundation.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 33

Strict Product Quality Control

CV TE always prioritizes product quality and safety continuously optimizing its quality management system and strictly regulating product quality control processes. By enhancing

employee awareness of quality and reinforcing the Company’s overall quality management capabilities we are committed to delivering safe high-quality and trustworthy products

to users. During the reporting period the company recorded zero major product- or service-related quality and safety liability incidents.Quality Management System

The Company carries out refined product quality management across the board and has established and

implemented a series of internal quality management regulations including the Product Design and

Development Control Procedure Production Process Control Procedure and OEM Quality Management Control Five-

Procedure. These regulations standardize quality control across the entire product lifecycle from R&D and Intelligent Intelligent

Intelligent Intelligent Intelligent

— Intelligence

design to after-sales service—ensuring product safety and reliability. Internally a Quality Committee has been Collection Analysis Warning Control Prevention Intelligentization

established to take full responsibilities for overall planning of the Company's quality strategy setting quality

objectives making major quality decisions and reviewing critical quality management mechanisms.To ensure the achievement of quality objectives the Company has established comprehensive quality

assessment criteria and incentive mechanisms. Meanwhile we actively participate in system certifications by Comprehensive Comprehensive Online

international standardization bodies such as ISO and IEC. As of the end of the reporting period the Company Establishment of Data Consumption of

and several of its major subsidiaries have all obtained ISO 9001 quality management system certification. ITQA Quality Roles Quality Management Comprehensive

Five-Compre Activities Data Quality

Governance

hensiveness

Total Process Quality Management Comprehensive Comprehensive Controlled Across System Data Baseline Control of All Domains Digitalization

Interconnectivity Quality-Related

The Company has established comprehensive quality management measures that cover the entire process Across All Domains Systems

including R&D supply chain production and logistics providing strong support for whole process quality

control. We implement strict quality control procedures including incoming quality control (IQC) in-process

quality control (IPQC) outgoing quality control (OQC) and ongoing reliability testing (ORT) to ensure that our

products meet high-quality standards throughout all stages— from R&D raw material procurement Value Value Contribution to IPD+LTC+ITR Processes & Quality

manufacturing to final shipment. Additionally we have established a responsible product recall mechanism that Monitoring Competitiveness of Quality Activities

allows us to quickly initiate recall procedure when issues arise conduct root cause analysis promptly and

implement corrective actions for related issues.Building a comprehensive data-driven preventive quality management system

Value Informationization

Based on big data technology the Company has built a comprehensive data-driven preventive quality Data-Driven Intelligent Decision-Making PlatformRealization

management system that enables automated monitoring and assessment of product quality indicators thereby

enhancing product quality level through digital means.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 34

In-house specialized laboratories with comprehensive testing capabilities Building a Quality Cultural Atmosphere

The Company boasts industry-leading specialized laboratories including an anechoic chamber fully automated

optical testing platform EMC laboratory and OTA wireless RF laboratory. These facilities support full-process Management lays the foundation while awareness leads the way. The Company carries out a diverse range of

product quality testing from material selection and design verification to mass production verification and quality culture construction activities to strengthen employees' awareness of quality responsibility and foster a —

failure analysis. cultural atmosphere where everyone is engaged in quality management. In 2024 activities included the "315" Quality Special Event the Quality Lecture Series and Quality Month activities such as the Quality Knowledge

Contest Quality Experience Sharing Sessions and Quality Innovation Proposal Competition.At the same time the Company regularly carries out continuous quality improvement activities and establishes

mechanisms for quality improvement projects (e.g. QC team projects and Six Sigma projects). These cover areas

including R&D quality management supplier material quality management and manufacturing quality

management. The Company also hosts project competitions and conducts Six Sigma talent training programs to

ensure the effective implementation of quality transformation. In 2024 the Company established 22 QC team

projects and 18 Six Sigma projects.Our laboratories have obtained multiple national and international laboratory qualification accreditations including

CNAS CMA CBTL A2LA and ISTA certifications. These qualifications enable third-party evaluations for various

electronic products in areas such as product safety electromagnetic compatibility environmental compliance

performance and reliability to help reduce failure rates and health risks improve product conformity durability

and compliance and reduce environmental impacts from scrapped products. Quality Lecture Series Quality Project Activity

CNAS Laboratory CMA Qualification CB Laboratory A2LA American Laboratory ISTA Certification

Qualification Certificate Certificate Certification Accreditation Certificate

Quality Month Activity Six Sigma Training

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 35

Practicing Responsible Marketing

Customer communication channels

CV TE is committed to providing users with efficient and Customer Service The Company has established diverse and accessible customer

convenient services continuously improving its customer communication channels both online and offline. On the online side

service system strengthening marketing management and The Company continuously improves its customer service and communication management mechanisms strengthens the development of customers can contact customer service personnel for feedback in a

constantly enhancing the value of its products. Moreover service standards builds a high-quality customer support team and conducts timely manner through various methods such as telephone official account official website and APP. On the offline side we have set up a

we place great emphasis on protecting customer rights customer satisfaction surveys to ensure that customer requests are

responded to promptly and that satisfaction is enhanced through quality team of experienced Field Application Engineers (FAEs) to provide on-site

and interests fully implementing key measures related to services such as product installation maintenance and commissioning for products and services. We have obtained relevant certifications for customer

information security and privacy protection and upholding service qualifications such as the certification for after-sales service - our customers. We also gather feedback on product use to drive quality

Five-Star After-Sales Service the certification for after-sales service and R&D improvements.responsible marketing principles to ensure customers’

completeness - Twelve-Star Outstanding After-Sales Service the certification Customer complaint handling

legitimate rights are fully safeguarded. for CCCS service - Five-Star Rating.To ensure our customers' service requests are handled promptly and

effectively the Company has established a complaint handling standardof “respond immediately provide a solution within 2 hours and ensure

100% closed-loop handling” to guarantee that customer complaints are

handled quickly and effectively. After customer complaints are resolved

we analyze and summarize the entire process through systematic

archiving and closed-loop tracking and develop preventive actions to

prevent similar issues from happening again. In 2024 we achieved a

100% resolution rate for customer complaints.

Digital customer service

The Company leverages digitalization and informatization to empower

business growth and has implemented various measures to enhance

After-Sales Service After-Sales Service CCCS Customer Contact customer service quality. In terms of resource efficiency precise

Certification - Five Stars Completeness Certification Center Operation Performance matching is achieved through the use of intelligent robots spare parts

- Twelve Stars Standard System forecasting and inventory management reducing excess stock and

logistics waste. Additionally low-code platforms lower system iteration

energy costs and support paperless workflows helping to reduce carbon

Customer service assurance emissions. In terms of risk warning and monitoring we have established

an exception monitoring center to alert on exceptions including but not

Adhering to the service philosophy of "providing high-quality technical limited to overdue on-site service alerts spare parts expiration alerts and

support and after-sales service to create an exceptional experience for key sensitive word alerts in customer inquiries. This allows the backend to

users" the Company offers comprehensive end-to-end services to identify and intervene promptly ensuring timely service. In terms of

customers. We have developed service policies business and service customer service empowerment we offer multi-channel service access

standards for our various brands and established systems such as the standardized service SOPs KPI management and complaint handling

Complaint Handling Process and Standards to standardize after-sales mechanisms to ensure service quality along with self-service support via

service processes and ensure the effectiveness of customer issues a knowledge repository and intelligent Q&A system. In terms of employee

resolution. A clear and effective issue escalation mechanism is in place. In development and guarantee we support technical personnel growth

addition to ensure that each requirement is effectively implemented we through an engineer APP and a star-rating skill certification system and

continuously improve the monthly evaluation system for customer service enhance team efficiency with multi-person collaboration function. In

staff incorporating metrics such as customer satisfaction and service terms of digital governance system we are dedicated to providing

response time to strengthen standardized management of after-sales standardized management of all business data and cross-system

services and provide robust support for consumers. collaboration and compliance.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 36

Customer service capability building Improving customer satisfaction

The Company continuously enhances the professional skills Focusing on customer requirements the Company

of its customer service team by establishing the Shirong constantly improves customer experience through

National Engineer Star Rating and Service Capability high-quality services and innovation aiming to raise

Certification Specification requiring all after-sales service product and service satisfaction levels. We have

engineers to obtain relevant certificates and qualifications to established a systematic feedback mechanism and

improve their expertise and service quality. In 2024 96% of conduct regular comprehensive satisfaction surveys

after-sales service engineers obtained certifications and covering customer service work order handling

order-taking qualifications for their respective product lines integrated solution implementation sales services and

with over 10000 certificates issued. distributor relationships in order to gain a thorough

understanding of customer requirements. Additionally the

To further enhance the professionalism of our customer Company has developed a customer satisfaction model to

service team we continuously improve our customer service Five-Star Star Rating Installation analyze and summarize customer satisfaction survey

training mechanisms. We offer a variety of specialized Certification Large Screen results formulate improvement plans for areas such as

training programs nationwide including service experience Certification

training new product after-sales training problem diagnosis Four-Star

service products and quality and implement regular

Maintenance monitoring to ensure these improvements are effectively

and handling training and integrated project delivery and carried out. The Company has set a target of over 99%

implementation training. These efforts aim to Three-Star PC Robot Certification annual customer satisfaction. From 2020 to 2024 the

comprehensively elevate the professionalism of our customer Certification Other Company has achieved this goal for five consecutive

service staff. Additionally we organize various customer Certifications years.service skill competitions to enhance technical level and One-Star

teamwork further improving the hands-on capabilities of our LED Recording

Certification

customer service staff. In 2024 we conducted a total of 382 Certification Distributor management

specialized customer service training sessions totaling 1032 Star Rating Large Screen The Company has established the Daily Management

hours and covering over 10000 network engineers. Certification Certification Standard for Contracted Distributors and defined the

distribution requirements in the cooperation

agreements to regulate distributor conduct.Engineers gain order taking permission Additionally we maintain close communication with

covering multiple categories automatic certification our distributors and foster mutual growth through

training sessions seminars and other activities to

continuously improve marketing and service quality.Taking seewo as an example in 2024 seewo

organized non-scheduled product training sessions for

distributors and held ten summary seminars.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 37

Compliant promotion

The Company always strictly adheres to the Advertising Law of the People's Republic of China the Measures on the Administration of Internet Advertising and other relevant laws and regulations related to marketing and promotion

ensuring that all external promotional content is truthful accurate and compliant. We have also established and implemented standard documents such as the Self-inspection Items for External Publicity to ensure the quality of our

promotional content from the source preventing any exaggerations falsehoods or biased information. In 2024 the Company continued to optimize its advertising promotion management mechanism improve the advertising notes database

and achieve systematic recording and management of advertising content.Key Provisions of the Self-Inspection Items for External Publicity: Key Measures for Compliance in Advertising Review

We prepare an internal self-review checklist for external promotions conduct in-depth

Advertisements shall not contain false information and must be true accurate and clear; Self-

examination interpretation of the requirements and legal responsibilities outlined in the Advertising Law of the

Advertisements shall not contain absolutist terms such as national world class the highest level etc.; People's Republic of China clarify key compliance points and offer case-based guidance to help

prevent violations and ensure the legality of marketing activities.The data used in the advertisement shall be accurate; the financial data or market data in the copy

shall be explained with the time dimension and the source of the data shall be noted if it is quoted; if

the data is derived through reasoning ensure that the underlying data is genuine accurate and

The Legal Department of the Company implements comprehensive monitoring including prior

well-sourced with logical and complete reasoning. Review reviews process oversight and post audits to prevent improper marketing practices. In 2024 the

Do not make absolute guarantee of product effect product effect varies from person to person; Legal Department conducted over 1300 advertising and marketing reviews across various

business groups and subsidiaries with no instances of non-compliance found.The description of the social phenomenon or the judgment of the market shall provide the basis if it is

quoted the source shall be noted;

Advertisements must not use or indirectly depict the names or images of national symbols government

Training CVTE continuously strengthens training to enhance employees’ awareness of compliance in agencies or government personnel; marketing. In 2024 we held 12 responsible marketing training sessions covering advertising

Using someone else's portraits or voices must be authorized. compliance essentials and knowledge sharing to strengthen employees’ adherence to compliance

in advertising and promotion.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 38

Information Security and Privacy Protection

CVTE attaches great importance to information security

and user privacy data protection fully respects and Information Security Management Measures

protects the legitimate rights and interests of users. The

Company strictly complies with the Cybersecurity Law of

the People’s Republic of China the Data Security Law of Prior to the official appointment of personnel clarify the security responsibilities of new employees contractual personnel and third

the People’s Republic of China the Personal Information Human resources parties that match their job roles to reduce the risk of unauthorized use and abuse of information assets. After onboarding provide

Protection Law of the People's Republic of China the Data security management information security awareness training and assessments and have staff sign confidentiality agreements. When employees resign or are

Outbound Security Assessment Measures and other dismissed promptly revoke system access conduct exit checks and prevent information leaks or other risks.relevant national laws and regulations related to

information security as well as overseas information

security and privacy protection laws and regulations Establish an information assets accountability system identify all information assets establish asset list and use rules and clearly define

involved in business operations. In addition we have who is responsible for information assets and their responsibilities. Software assets information assets and other intangible assets are

developed a series of internal management specifications Asset management managed centrally in the CMDB (Configuration Management Database). Regular assessments of asset importance assessments risk

and compliance guidelines and has established a assessments vulnerability scanning and penetration testing are conducted on assets on a regular basis to ensure the security

comprehensive information security and privacy protection availability and integrity of the assets.management system. The General Manager of the

Company who is also a director is responsible for overall Delineate a physical security zone to prevent unauthorized physical access damage and interference with the workplace and

supervision and decision-making. Physical and information. Protect equipment from physical and environmental threats and prevent information equipment from being lost interfered

Meanwhile the Company continues to advance external environmental security with destroyed and harmed by environmental risks so as to avoid the loss of information assets and the interruption of business

certifications of its information security and privacy protection activities.management systems. As of the end of the reporting period

the Company and several subsidiaries have obtained ISO

27001 Information security management system certification Following the “principle of least privilege establish access control rules according to the least privilege range necessary for work toand ISO 27701 Privacy information security management control access to information information processing facilities and business processes based on business and security requirements. Access control

system certification. Establish procedures for the implementation of user access rules to ensure that only authorized users can access the system and prevent

unauthorized access to the information system.Information security Safeguard the Company's information security in terms of prevention beforehand and response afterwards. In terms of prevention

The Company has established an Information Security beforehand we hire third-party organizations annually to conduct vulnerability scanning including simulated hacking attacks. We also

Department which is fully responsible for the Company's hold annual cybersecurity emergency drills that realistically simulate 17 risk scenarios such as network interruptions core system

information security construction planning risk assessment Data leak prevention paralysis and key equipment downtime so as to improve the information and data security management capabilities of all employees. In

security incident handling awareness promotion and terms of response afterwards we formulate and implement the Information Security Incident Handling Process to clarify incident

training and defense against security attacks. Furthermore classification standards as well as reporting and handling processes so as to provide clear handling guidelines for information security

the Company has formulated and implemented internal incidents.management specifications such as the Information Security

Management Policy Information Security Management Conduct rigorous supervision and review of the entire information management process annually and hold management reviews

Manual and Information Security Risk Assessment Control Supervision and review involving the CEO and management representative to evaluate the Company's cybersecurity strategy and review the operational effects.Procedure which clearly define information security

management requirements responsibilities and risk Regularly conduct information security awareness training for all employees and suppliers to improve information security and privacy

response measures to standardize the information security protection management level. In 2024 the Company held four training sessions related to Information Security Awareness Training with

management across all business units and ensure the

orderly advancement of information security efforts. In 2024 Awareness enhancement approximately 870 participants. Additionally the Company enforced information security requirements for employees in accordance with

the Company did not experience any data security incidents the Information Security Reward and Punishment Control Procedure implementing reward and punishment measures to ensure these

or customer privacy breaches. requirements are effectively followed.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 39

Privacy protection

To improve the efficiency of privacy security management the Company has established a dedicated privacy

protection working group responsible for leading implementing and reviewing internal privacy protection policies Summary of the main contents of In addition we continuously strengthen training on

and procedures and developed and continuously implemented internal management specifications such as the CV TE's privacy policy personal information protection constantly enhancing

Personal Information Protection Management Manual Personal Information Protection Management System Internal employees' awareness and attention on safeguarding

Audit Control Procedure and Personal Information (Data) Compliance Protection Baselines ensuring that the personal data. In 2024 we conducted the following

Company's personal privacy protection efforts are clearly and consistently applied. Transparently disclose handling rules to personal information protection training activities:

customers clearly informing them of the

We have drafted and published the CVTE Privacy Policy on the Company's official website clearly expressing our purposes methods and types of personal

firm stance and commitment to protecting personal information. For different products we have established information processing. New Employees

corresponding privacy policies and continuously optimize and improve them based on the actual needs of business

development ensuring all business products involving personal information are covered. Fully respect customers' rights providing Provided training on personal information protection

We prioritize the data security requirements of overseas markets by hiring professional international lawyers to convenient ways for them to exercise their for new R&D personnel product managers and other

provide compliance advice for our products abroad. We also set up overseas servers to store overseas customer rights regarding personal information. Users roles involved with customer personal data ensuring

data in overseas regional servers permitted by law in order to meet the regulatory requirements related to the can directly modify their personal details that relevant employees are aware of personal

security management of overseas private data. and permissions within the product. information protection during product design and

Additionally a dedicated email address for development so as to effectively reduce violations

Moreover to ensure the effective implementation of the privacy protection rules the Company conducts internal personal information protection is set up to related to personal information.compliance reviews regarding personal information protection each year. This includes verifying that each business address customer concerns. Users also have

group department and subsidiary adhere to the privacy policies and providing reasonable suggestions for the right to request the Company to delete AIGC Tools

improvements based on the review results to continuously enhance privacy protection. their data.As AIGC technology continues to advance and

Implement protection measures such as improve the usage scenarios and frequency of related

In 2024 we conducted Confidentiality Agreement encryption access control and usage tools have significantly increased. So we conducted

We sign confidentiality agreements with all new employees approval according to data classification company-wide specialized training on Compliant Use

310 4 104 achieving 10 0 % coverage. control strategy and conduct authentication of AIGC Tools to ensure employees adhere to relevant

When it comes to important projects we sign confidentiality for information security level protection. requirements when using AIGC tools thereby

compliance compliance issues corrected agreements with members of the project team. preventing risks such as business secrets leaks

reviews tests beforehand When introducing suppliers we sign confidentiality agreements Delete or anonymize personal information intellectual property infringement personal information

upon completion of the processing purpose. leaks and risks associated with using overseas tools.with our suppliers and the coverage rate reaches 10 0 %

When it is necessary to provide personal

information to a third party conduct a

personal information impact assessment in

advance and provide it under the condition

that it does not infringe on the rights and

interests of the customer and complies with

relevant laws and regulations.Sign confidentiality agreements with

personnel and suppliers who have access to

personal information.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 40

Co-Building of Responsible Supply Chain

Upholding the concept of co-building a responsible supply chain CV TE Supplier performance evaluation

places great importance on the social and environmental impact of supply

The Company has established a comprehensive supplier performance evaluation

chain activities. We work closely with our suppliers to establish mutually and incentive system providing clear guidance for supplier performance

beneficial and win-win partnerships jointly promoting the sustainable assessments incentive measures coaching and elimination plans. At the same

development of the industry supply chain. time we have established a supplier performance evaluation mechanism that

regularly assesses suppliers' quality cost delivery service and technology to

identify potential risks promote continuous improvement and ensure a secure

and stable supply chain.Supply Chain Management System

Supplier audit

The Company has established a comprehensive supply chain management

system and continuously improved a series of internal supplier management The Company regularly screens and audits suppliers based on their risk levels

regulations such as the Supplier Onboarding Process Specification and the and submits the results to the Supply Chain Committee for final approval.Supplier Performance Evaluation Management Specification to clearly guide When screening key suppliers we incorporate the requirements closely

and standardize supplier management. In 2024 we continued to improve our related to businesses into our consideration. We conduct a comprehensive

supplier management system by officially releasing the Supplier Code of

Conduct and requiring suppliers to sign a Supplier Code of Conduct assessment of the political and economic environment in specific countries

Commitment Letter which clarifies and standardizes supplier conduct in key industry development trends and the particular risks associated with the

areas such as labor standards occupational health and safety environmental products. Additionally we emphasize the compliance with ESG standards to

protection and business ethics. ensure that the chosen suppliers not only meet the actual needs of the

Company's businesses but also align with the idea of sustainable

In addition the Company utilizes the Supply Chain Collaboration Platform (SRM development.system) to track the implementation of supplier onboarding performance

evaluations routine audits and other stages achieving integrated Regarding supplier audits we conduct on-site inspections for high-risk direct

standardized and detailed management of suppliers. suppliers (including those providing final product assembly and components)

and all raw material suppliers. The audits cover multiple areas including but

Supplier onboarding not limited to environmental management systems hazardous substance

control product quality and safety occupational health and safety and

The Company conducts a comprehensive qualification review of suppliers compliance with the Company's Supplier Code of Conduct. If the audit results

during the onboarding phase including essential review items such as system indicate that a supplier has not met the relevant requirements we will ask the

certifications operational risks and safety requirements as well as reference supplier to make corrections and improvements within the specified

review items such as industry reputation upstream resources and production timeframe to ensure they continue to meet the Company's standards.capacity to thoroughly identify suppliers that best meet the Company's needs

for quality delivery service and cost. In 2024 we continued to optimize our In 2024 the Company conducted on-site assessments for over 330 suppliers.supplier onboarding standards and processes improve quantitative evaluation For the 20 suppliers identified with potential negative impacts we required

indicators and further standardize sourcing criteria. We also introduced a them to implement 100% corrective actions or improvement plans.competitive mechanism to optimize procurement costs and reduce supply Additionally a total of 20 suppliers participated in the Company's

chain risks by phasing out less competitive suppliers. capacity-building programs.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 41

Responsible Supply Chain

The Company places great importance on managing environmental and social

risks across the supply chain. We require suppliers to strictly adhere to our Suppliers are required to strictly comply with environmental regulations ensuring that all legally mandated environmental permits approvals licenses and registrations are obtained maintained updated and to follow the operational and reporting

standards on environmental protection business ethics conflict minerals and requirements.other areas aiming to steadily build a responsible supply chain management Suppliers are required to commit to using natural resources within measure including water fossil fuels minerals and raw

system and to develop a resilient sustainable supply chain. forest timber and to analyze resource consumption at each stage of the product lifecycle proposing solutions to reduce

resource use.To effectively implement the supplier ESG assessments and comprehensively Suppliers are required to commit to complying with laws and regulations related to pollution (including noise etc.) and waste

enhance the sustainability of the procurement phase we organized systematic (including solid waste wastewater waste gases etc.) and to reduce or eliminate pollution and waste generation at the

ESG training for procurement staff. The goal is to help them fully absorb the Supplier Environmental source.Risk Management For inflammable and explosive or toxic and harmful hazardous goods suppliers are required to properly keep and take knowledge and apply it flexibly in their work. preventive actions to avoid environmental pollution caused by fire explosion or leakage incidents.The Company strictly prohibits the use of conflict minerals and fully Suppliers are required to strictly comply with relevant laws and regulations as well as the Company's hazardous substances management standards and to strictly prohibit from using or discharging substances explicitly banned under such

implements conflict mineral management in accordance with the Responsible regulations.Business Alliance (RBA) standards. The Company requires all suppliers to Suppliers are encouraged to implement water resource management plans to document categorize and monitor water

commit not to purchase or use metals or products originating from conflict usage and discharges.minerals or regions with human rights abuses. Suppliers must conduct due Suppliers are encouraged to set greenhouse gas emission reduction targets and explore ways to improve energy efficiency to

minimize energy consumption and greenhouse gas emissions.diligence on the sources and supply chains of tantalum tungsten tin gold

and cobalt in their products to reasonably ensure that the raw materials

comply with the OECD Due Diligence Guidance for Responsible Supply Suppliers are required to strictly comply with all applicable labor compliance laws regulations regulatory requirements and

industry management standards with any acts of forced labor or other violations of relevant regulations being strictly

Chains of Minerals from Conflict-Affected and High-Risk Areas or an prohibited.equivalent and recognized due diligence framework. Currently the Company Suppliers are required to commit to complying with all laws regulations and standards related to workplace health and

has not identified any suppliers in violation of conflict mineral regulations. safety in the country or region where they operate and to provide a safe and healthy working environment for their

employees.Sign an Integrity Agreement with suppliers and hold supplier conferences to promote anti-corruption awareness emphasizing

Supplier Social Risk a firm stance against all forms of commercial bribery fraud and unfair competition.Suppliers are required to commit to complying with all applicable antitrust and anti-unfair competition laws and regulations

Management avoid engaging directly or indirectly in monopolistic practices prohibited by law and eliminate the use of unfair competition

tactics.Suppliers are urged to comply with import and export laws and regulations meet the requirements of legal operation trade

security and supply qualifications for business partners and ensure that trade activities conform to international trade

regulations and customs requirements.Suppliers are required to commit to protecting the personal information of all individuals they do business with and to

comply with applicable laws and regulations related to privacy and information security when collecting storing processing

transmitting or sharing personal information.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 42

Employee Care and Cultivation

The Company always regards employees as the fundamental cornerstone

and valuable wealth for its stable and sustainable development. Adhering Employee benefits

to a people-oriented philosophy we are committed to genuinely

safeguarding employees' legal rights and interests valuing their growth The Company values employee happiness and always considers the business and employees as a closely connected community of shared interests dedicated to

maximizing benefits for both sides. The Company continuously improves its multidimensional employee benefits guarantee system. We have developed and implemented

and fostering a virtuous cycle in which business development and policies such as the Employee Handbook and Benefits System. In addition to providing basic benefits like the “Five social insurances and one housing fund” and ensuring

employee advancement reinforce each other. statutory holidays we also offer supplementary benefits that cover various aspects of employees' daily lives such as children’s education and healthcare such as free

self-service meals commuter shuttles health check-ups childcare and psychological counseling services.Compensation and Benefits

Complete infrastructure to support a balanced work and life for employees

The Company adheres to the principle of equal pay for equal work and provides

equal opportunities in all aspects of employment including recruitment To help employees balance work and life and to reflect our thoughtful care and consideration in terms of dining the Company has established a star-rated cafeteria

compensation benefits and promotion. While ensuring the timely and full payment offering free professionally designed three meals a day; in terms of employee commuting the Company provides free shuttle buses to ease employees' commuting

of wages for all employees we offer market-competitive compensation and challenges; in each industrial park the Company has built cafes libraries and cinemas and provides facilities such as swimming pools gyms yoga studios and dance

incentives. We also genuinely safeguard employee benefits continuously enhance rooms to offer employees a variety of recreational activities during their leisure time.their sense of happiness and fulfillment and share the Company's growth and

success with them.Compensation and performance

The Company continuously optimizes and implements internal compensation

management and performance evaluation systems such as the Salary Management

System and Incentive System clearly defining that employee compensation consists

of basic salary position-based salary housing allowance seniority allowance and

variable pay (such as performance bonuses). At the same time we implement a

regular salary adjustment mechanism ensuring that employees receive

compensation and performance incentives that match their contributions to the

overall business work output and individual performance. The Human Resources

Department regularly reviews the performance bonus assessments and distributions

across departments to ensure fair and reasonable compensation.The Company has also established a fair comprehensive and transparent

performance management system and conducts regular performance evaluations for

all employees on a monthly quarterly semi-annual or annual basis. Performance

evaluation covers two dimensions: department-based and employee-based. The

former focuses on major tasks lean management and team building while the latter

emphasizes individual performance behavioral standards and work improvement.After the performance evaluation is finished the department head will have a

performance discussion with the employee. During the conversation the head will

attentively listen to employees' ideas gather their feedback on performance

evaluations and offer suggestions for improvement. Together they set performance

goals and improvement plans for the next evaluation cycle.In terms of long-term incentives the Company has launched multiple equity

incentive programs since its IPO and continues to refine the Administrative Measures

for Supporting Innovation and Entrepreneurship. These initiatives award equity

incentives to employees who make significant contributions to the Company's

development and encourage eligible employees involved in innovative businesses to

participate in employee stock ownership. This approach further motivates employees'

innovation drive and entrepreneurial enthusiasm effectively promoting shared Library Gym

growth between the Company and employees.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 43

Provide comprehensive health check-ups to safeguard the health of employees and their families Diverse psychological care safeguarding employees' mental well-being

The Company has established an in-house medical center offering two comprehensive health check-ups per year for employees and one The Company attaches great importance to mental health of our employees. We have been upgrading the

annual check-up for their spouses and parents. Our health protection initiatives have been selected for two consecutive years as exemplary psychological counseling rooms across all parks and actively carrying out online and offline educational activities for

cases of corporate health management by the China Enterprise Confederation earning multiple awards related to employee health mental health awareness as well as diverse mental health care activities. In 2024 the Company organized a total of

management and practices. 49 mental wellness events offering employees more opportunities for self-discovery.Specialized Medical Center Physical Examination for Parents Psychological Counseling Room Mental Health Care Event

Multi-dimensional family support system strengthening the foundation of employees' happiness Caring for female employees

Providing heartwarming support for employees' families the Company has established a preschool center to offer dedicated Carried out a special Women's Day series of activities themed "Shine Bright Blooming All the Way" including

childcare services for employees' children aged 0-6 helping staff achieve a harmonious balance between career and family. health salons fitness classes and art experiences. Offered women-only menstrual leave.Provided special amenities

At the same time we organize Parents Clubs and Silver Age Care programs for employees’ parents creating a personalized such as designated parking spots for pregnant women breastfeeding rooms dining rooms for pregnant women

and compassionate multi-dimensional support network to build a warm haven for our employees' families. and the "Loving Mom Cottage" - lounge for pregnant women (awarded the 5A Grade Honor in Guangdong

Province). Organized health knowledge sharing sessions and online early childhood education activities for female

employees providing parenting tips and loving childcare services.Loving Childcare Service Parents Club for Employees' Parents and Elders

Parking Spot for Pregnant Women Lounge for Pregnant Women & Nursing Room

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 44

Enriching employees' lives

The Company enhances employee happiness and satisfaction through a Parent-Child Sports Day Mid-Autumn Family Open Day Event

variety of activities. We actively organize diverse sports arts and

literary events as well as social gatherings and family-friendly activities. Parental companionship is the sunshine that nurtures a child’s heart and a vital In the golden days of midsummer and when spring blossoms turn into autumn

These initiatives provide employees with opportunities to connect element of healthy childhood development. To further cherish this precious harvests CVTE employees come together to celebrate festive moments in

fostering a positive united and harmonious workplace environment. In parent-child time promote deeper emotional connections between employees happiness and harmony. In 2024 during the Mid-Autumn Festival we organized and their children and strengthen the cohesion and unity of the Company family open day events at industry parks in Guangzhou Xi'an and other

2024 we hosted over 1000 employee events and 12 small to family the Early Childhood Center of the CVTE Trade Union organized a locations. Over 1000 employees and their families participated sharing a warm

medium-sized evening parties effectively promoting communication unique "Rainbow Playground" Parent-Child Sports Day on November 23 2024. and joyful family reunion.and collaboration among colleagues. Nearly 500 parent-child families enthusiastically participated in this event

creating warm and unforgettable family memories together.Parent-Child Sports Day Scenes

Family Open Day Event Scenes

Love Connects Us at Qixi" Series of Events

In the height of summer in August the love of the Qixi Festival endures. In Sports League

August 2024 during this romantic traditional festival the Company

thoughtfully organized a series of creative Qixi Festival activities for The Company encourages employees to embrace a healthy lifestyle through

employees including DIY sachet-making experiences themed consultations active participation in sports. In 2024 the Company hosted a variety of sports

and signing events. On the Qixi Festival the Company not only expressed care leagues including basketball soccer badminton table tennis billiards

and warmth but also expanded employees' social networks creating a vibrant marathons and swimming attracting around 1300 participants. In gyms yoga

and welcoming communication platform. This allowed everyone to feel the studios rehabilitation classes and various club activities CVTE employees and

Company's human touch amidst their busy work and strengthen their like-minded friends work side by side sweating together and healing life with

relationships with one another. their passion.Qixi Festival Event Scenes Sports League and Group Class Scenes

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 45

Talent Training and Development

The Company has established and implemented internal talent training Career development channels Education and training

and promotion systems such as the CVTE Job Grade Management

Specification and continuously improves the training system to support We have established a "dual-channel" promotion system offering different career The Company views talent as the core driver of sustainable corporate development.the skill enhancement and career development of all employees development paths for managers and professionals to ensure all employees Upholding the core philosophy of "talent-driven development" the Company has regardless of their roles have equal opportunities for advancement. To better support established a comprehensive talent management system encompassing “selectionhelping them grow and succeed. the growth of our internal personnel employees can apply for internal transfers based development utilization and retention” integrating employee growth deeply into the

on their career plans allowing them to leverage their strengths in areas they are Company's sustainable development strategy.interested in. At the same time as promotion employees and their managers

collaboratively develop an Individual Development Plan (IDP) providing important To aling with the Company's development and meet employees' comprehensive

guidance for future skill enhancement and growth. In 2024 a total of 2356 individuals growth needs we have established a "Three-Dimensional Empowerment" training

applied for professional rank certification. system that covers everything from campus recruits to management. This system

provides foundational skills training to strengthen professional competencies

The company has also established a comprehensive standardized and scientifically professional skills training to enhance job competence and customized role-specific

grounded professional title evaluation system to provide a clear path and assurance training to improve person-job fit. These efforts accelerate employees' professional

for title advancement. This system fosters the development of highly skilled growth and help the Company build sustainable momentum for ongoing development:

professionals with strong innovation capabilities delivering robust talent support for

the Company’s growth. In addition through professional title evaluations and related

initiatives we encourage employees to engage in innovation based on their roles and

build a positive atmosphere for creativity thereby promoting technological innovation University Graduate Training Camp

and product development. As of now the Company has over 800 nationally

recognized technical professionals including more than 100 senior-level experts. CVTE Fresh Graduate Training Program focuses on three core modules: foundational

competencies general capabilities and job-specific skills. Combining online and offline

formats it prepares new hires through pre-onboarding warm-up onboarding intensive

training face-to-face interactions with executives Q&A sessions with the founding

team development of high-potential talents one-on-one mentoring and practical job

training. The program aims to deepen new employees' understanding of the Company

and colleagues helping them quickly adapt to their roles and successfully transition

into their positions.Management Talent Development

The "Virtue" Series Management Training (Enlightening virtue clarifying virtue

practicing virtue and regulating virtue) is a systematic training program designed for

new middle and frontline managers. Centered around the "OMO Learning Practice

Assessment" training system it aims to develop new managers at different levels

helping them build foundational management understanding master essential

management skills and drive rapid team and business growth. In 2024 we conducted

seven sessions of the "Virtue" training series reaching 262 participants with an

average NPS score of 95%.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 46

Professional Skills Training & Technology Sharing New Employee Onboarding Training

To ensure colleagues master the essential professional skills for their roles the Company has developed specialized For new graduates joining the Company in 2024 we have developed a comprehensive career toolkit for campus

courses tailored to different positions. Additionally to foster a culture of tackling challenges and innovating the recruits. This includes a two-week full-time training program complemented by a variety of engaging activities such

Company regularly organizes various technology sharing sessions to promote internal knowledge exchange and the as alumni sharing sessions face-to-face meetings with industry experts conversations with company founders and

sharing of experience and achievements. hands-on team-building exercises. The training covers topics like safety awareness professional etiquette and

essential skills to enhance new employees' learning experience and overall development. After new hires joined their

Other Training Courses respective departments the company also assigned one-on-one mentors to provide continued support. These

The Company closely monitors evolving market trends and cutting-edge technological developments and conducts mentors offered guidance through professional skills training job rotation opportunities and practical on-the-job

training sessions for all employees or specific groups as needed. This includes a series of AI learning and training experiences—helping new employees move beyond the novice stage and grow into the best versions of themselves.courses launched by CVTE - WA & AI Research Center to support employees' exploration and growth in the AI field.In terms of talent training mode the Company has deeply integrated the OMO (Online-Merge-Offline) concept by

establishing an online digital learning platform. The platform hosts over 8000 standardized courses fully meeting

employees' needs for flexible fragmented learning. Meanwhile the Company focuses closely on business scenarios

conducting in-person practical training case discussions and other in-depth training activities to continuously build an

open knowledge ecosystem. The Company also embraces the philosophy of mutual teaching and learning actively

encouraging employees to register and become certified instructors creating a strong and positive learning

environment. As of now nearly 1500 people have been certified as mentors including 143 experienced outstanding

employees who have registered as instructors on the "C-Know" learning platform helping the Company's development

into a more advanced learning organization.In 2024 all employees participated in various forms of learning and assessments with a training coverage rate of

100%. A total of over 8000 training sessions were organized accumulating more than 450000 hours of training

averaging over 67 hours per person. Additionally more than 2300 specialized training sessions were conducted in

fields such as R&D sales supply chain and quality.In addition the Company encourages all employees (including part-time and contract staff) to pursue professional

certifications and academic advancement. In 2024 the Company successfully helped four employees upgrade their

education and received the Guangdong Province frontline worker education subsidy.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 47

Diversity Equality and Inclusion

The Company strictly complies with the Labor Law of the People's Republic of

China the Labor Contract Law of the People's Republic of China and other Talent structure Democratic communication

relevant laws and regulations protecting workers' rights and has established The Company upholds a fair and equitable employment philosophy We are dedicated to building a diverse open and accessible democratic and implemented internal policies such as the Employee Handbook Incentive continuously optimizing its talent structure while firmly opposing any form of communication mechanism ensuring smooth communication channels for

System and Benefits System to continuously standardize employment discrimination based on gender race religion age nationality or health status. employees and firmly safeguarding their right to voice opinions and management optimize the talent structure and ensure open communication We strive to foster an inclusive diverse and harmonious working environment. suggestions regarding daily operations management compensation benefits

channels with a strong commitment to protecting the rights and interests of

all employees. The Company has also established a diverse compensation and In 2024 the Company was awarded multiple employer honors including "

and more. As of now the Company has established a total of 14 labor unions

Liepin 2024 Extraordinary Employer" "Maimai 2024 Top Employer Worth with a 100% membership rate among the units that have formed unions.benefits system and incorporated employee diversity considerations intomanagement performance evaluations promoting steady progress in Joining” "Haitou.com 2025 Most Influential Employer" and "Zhaopin 2024 The Company actively builds a regular communication bridge. In 2024 the China Best Employer".developing a diverse talent pool and enhancing overall competitiveness. In labor union organized activities such as "Union Chairperson Reception Day"

2024 the Company was jointly recognized by five organizations—the All-China The Company actively expands its talent recruitment channels. In addition to and employee exchange forums and vigorously promoted the union mailbox

Federation of Trade Unions the Ministry of Human Resources and Social traditional methods such as campus recruitment and social recruitment it is dedicated to continuously listening to employees' voices. Additionally the

Security the National Health Commission of the People’s Republic of China also exploring innovative approaches like “live streaming job fairs” “virtual Company encourages departments to independently engage in "criticism andthe China Enterprise Confederation/China Entrepreneur Association and the presentations” “campus buses” and “campus headhunting”. The goal is to self-criticism" as well as various forms of communication and exchange

All-China Federation of Industry and Commerce—as a "National Case of build a diverse and well-structured talent pipeline through multiple recruitment activities. The goal is to promote active idea-sharing among employees foster

Building Family-Friendly Workplaces". This highlights our pioneering role in strategies fueling the Company's ongoing growth and development. As of the mutual listening and understanding and encourage them to offer suggestions

safeguarding employees' rights and our unwavering commitment to fostering end of the reporting period the Company had a total of 6693 employees. For for the Company's development and management improvements thus creating

harmonious labor relations. more detailed information on the talent structure please refer to the Appendix an atmosphere of positivity cooperation and continuous improvement.Key Performance Indicator Table. In 2024 we launched the "Woodpecker Program” a special campaign that

Labor standards In addition the Company is committed to fostering an inclusive and diverse solicited nearly 2000 comments and suggestions from employees. We

culture providing equal employment and promotion opportunities for every carefully screened researched and conducted interviews based on the

The Company strictly adheres to domestic and international labor laws and employee. By the end of the reporting period women made up 25.29% of the feedback thoroughly analyzing nearly 400 issues and provided timely

conventions including the Provisions on the Prohibition of Using Child Labor junior management team 20.47% of the middle management team and feedback to employees. Over 200 key issues were effectively resolved

International Labor Standards and core conventions of the International Labor 26.32% of the senior management team. There are 321 women in demonstrating the Company’s commitment to addressing employee concerns.Organization (ILO). It has established and rigorously implemented the Human STEM8-related roles accounting for 4.8% of the total workforce. Additionally Since 2013 the Company has conducted annual employee satisfaction surveys

Resources Management System and the CVTE Statement on Protecting 125 women hold management positions in revenue-generating functions through questionnaires and interviews covering dimensions such as vitality

Labors' Rights clearly outlining policies to prohibit child labor forced labor representing 1.9% of all employees. organizational support and related influencing factors including but not

workplace discrimination and harassment all aimed at safeguarding workers' limited to compensation and benefits workplace atmosphere growth

rights. If any incidents involving child labor forced labor or other labor rights opportunities management support sense of achievement and stress levels.violations occur both internal and external stakeholders may report through Employee Category Headcount (people) Proportion Currently the Company has successfully automated the employee satisfaction

open channels and the Company will ensure appropriate resolution. survey process online with an annual questionnaire response rate exceeding

In 2024 the Company achieved a 100% labor contract signing rate with 90%. By thoroughly analyzing survey data and incorporating interview insights

employees and reported no incidents of child labor forced labor workplace Female 1898 28.36% we prepare a research report. Based on the report results we develop a

discrimination or harassment. Over the past three years there have been no layered improvement plan that covers key areas such as cross-organizational

collective employee strikes major layoffs or significant labor disputes related By gender collaboration process efficiency improvement resource and tool optimization

to mergers acquisitions or reorganizations affecting employees. and management personnel deployment. We also continuously monitor the

Male 4795 71.64% progress of these improvements.In 2024 the employee satisfaction survey response rate reached 99.1%. The

results showed employee vitality and organizational support scores of 4.44 and

8STEM short for Science Technology Engineering and Mathematics. STEM positions refer to jobs that involve specialized work in the 4.38 out of 5 respectively both improving further from the previous year.

fields of science technology engineering and mathematics.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 48

Occupational Health and Safety

The Company places great importance on employees' occupational health and safety continuously improves its safety management system and enhances safety management capabilities to create a safe working environment for

employees. In compliance with laws the Company pays work-related injury insurance for employees and purchases employer liability insurance and public liability insurance to safeguard employees’ occupational health and lives. In 2024

the Company paid RMB 5.69 million for employee in work-related injury insurance premiums and nearly RMB 900000 in employer and public liability insurance.Safety management system Digital safety management

The Company strictly adheres to occupational health and safety laws and To enhance its safety management capabilities and build an efficient intelligent Contractor Onboarding Training System

regulations such as the Production Safety Law of the People's Republic of China and safety operations system the Company is actively advancing the digital

the Law of the People's Republic of China on the Prevention and Treatment of transformation of safety management. Several digital management systems have To standardize contractor safety management and improve training efficiency the

Occupational Diseases and has established and implemented safety management been deployed to significantly improve the precision and intelligence in our safety Company has launched a contractor onboarding training system. This system

standards including the Gas Safety Management Specification Hot Work Safety management. The main systems currently deployed and in use include the Hidden enhances training efficiency for contractor personnel avoids duplicate training and

Management Specification and Electrical Safety Management Specification which Hazard Correction System Incident Notification System Contractor Onboarding enables centralized management of training resources.clearly define safety management operation procedures and effectively standardize Training System and Smart Fire Safety System.day-to-day safety management.The Company has established an employee health and safety management Smart Fire Safety System

organizational structure with the Board of Directors as the highest responsible body. Incident Notification System

It focuses on strengthening and improving the three key elements of "people

This system focuses on rapid response and timely reporting. When a safety accident To strengthen fire safety management the Company has gradually implemented a equipment and management". The safety philosophy of "full participation smart fire safety system that allows real-time remote monitoring of key fire safety

continuous improvement safety first" is integrated into all safety efforts. Additionally or incident occurs it automatically sends notifications to relevant personnel equipment in certain parks. This helps to keep track of the operational status of fire

ongoing hazard identification and mitigation efforts are conducted to identify and immediately ensuring information reaches them promptly. This helps facilitate safety devices enhances the headquarters' oversight of fire safety across all parks

address health and safety hazards. At the same time we set a safety management emergency response and incident management saving valuable time and reducing and provides robust technical support for fire safety management.goal of "zero" safety incidents and evaluate the achievement of this goal every year. the impact of the incident.Currently several subsidiaries under the Company have completed ISO 45001

occupational health and safety management certification.Hidden Hazard Correction System

Safety incident investigation

This system aims to achieve a closed-loop and intelligent approach to hazard

management. Through a digital platform it systematically tracks the entire process

The Company has established a comprehensive occupational health and safety of hazard identification correction and verification. It also features regular reminder

investigation procedure. To effectively reduce and eliminate occupational health and functions to effectively prevent oversight in hazard corrections.safety risks we regularly conduct inspections and assessments of safety hazards.Using the job condition preliminary hazard analysis method (also known as the "LEC

method") we conducted risk identification evaluation and classified control and

formulated emergency response plans for identified risks with priority given to

corrective actions for high-risk issues. In addition we regularly monitor the progress

of the corrective actions to ensure that each measure is effectively implemented.If work-related injuries health issues illnesses or incidents occur we will use a

combination of qualitative and quantitative methods to assess the severity of the

production operations and on-site incidents. Based on the assessment results we

will analyze the causes of the incidents develop appropriate corrective actions and

promptly issue incident reports. At the same time we require the responsible

department to submit a quick report within a designated timeframe after the

incident occurs and to report it in the incident system. In the event of serious safety

incidents such as fatalities or Level 1 fire incidents immediate reports should be

made to the public security bureau fire brigade and emergency management

authorities. We also regularly review the relevant safety risks afterward to minimize

and prevent similar incidents from happening again. During the reporting period the

Company did not experience any industrial safety incidents.Hidden Hazard Correction System Smart Fire Safety System

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 49

Safety education Emergency management

In 2024 the Company organized a total of 138 safety training sessions for employees covering construction safety In 2024 the Company further improved its emergency response plans and regularly conducted specialized

electrical safety special equipment safety management gas safety hazardous chemicals safety safety incident inspections in areas such as electrical safety fire prevention gas construction and flood control. These

awareness and fire safety. Over 12000 participants attended with a total training time exceeding 15000 hours. inspections will cover all industrial parks parks under constructions leased office spaces and more.Safety training coverage reached 100%.Offline Safety Awareness Campaign Emergency Drill

In 2024 the Company organized various offline safety awareness activities including 119 fire safety campaigns In 2024 the Company conducted a total of 200 emergency drills covering gas leak responses confined space

firefighting competitions and traffic safety events. Additionally 35 safety articles and posters were published on operation incidents elevator rescues electric vehicle fires and flood prevention exercises.the Company's internal communication platform effectively enhancing employees' safety awareness.

119 Fire Safety Campaign Fire Truck Usage Typhoon and rainstorm emergency drill Elevator rescue drill

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 50

Rural Revitalization and Community Public Welfare

CV TE always considers fulfilling social responsibility as a vital Seewo Teacher Digital Capability Enhancement Support Project Xingyuan · Early Childhood Basketball Special Fund

mission for its development continuously creating social value. By

in-depth integration of business expertise and social welfare the From 2022 to 2024 in collaboration with the Department of Teacher Affairs of the To improve the shortage of physical education teachers outdated teaching methods Ministry of Education and the China Education Development Foundation we launched

Company integrates its expertise with social good supports the and lack of sports activities for children in rural areas in 2024 CVTE Public Welfare in the "Seewo Teacher Digital Capability Enhancement Support Project". During this

advancement of educational informatization and equity optimize the partnership with Beijing Yao Foundation Public Welfare Fund established the "period we provided digital equipment conducted both online and offline professional Xingyuan · Early Childhood Basketball Special Fund". Using basketball as a platform

allocation of educational resources and bring fresh vitality to teacher training and introduced digital capability enhancement courses for pre-service the fund will donate basketball equipment to remote rural schools conduct sports

education development in rural and remote areas. Meanwhile the teachers. These efforts helped 160 key rural revitalization counties improve teacher teacher training organize county leagues and national competitions and support early

Company encourages employees to actively participate in volunteer quality through collaboration and enhanced the digital teaching capabilities of childhood basketball initiation activities in rural kindergartens to promote early

activities from community care to rural assistance spreading pre-service teachers from 72 normal universities. We also donated and built 72 "Smart childhood development. In 2024 we donated basketball equipment to 10 rural Classrooms for Pre-service Teacher Education Practice" and 160 "Smart Training Rooms".warmth and hope. These efforts contribute to rural revitalization and kindergartens in Yangshan County Qingyuan City and held in-person sports teacher In addition CVTE launched “digital literacy and competency enhancement” courses via

community development demonstrating corporate responsibility training sessions. We provided training for nearly 150 teachers across 66 local the Seewo Academy Platform attracting 370000 participants including pre-service kindergartens helping to improve the physical education teaching skills of rural

through tangible actions and adding strength to social progress. teachers and primary and secondary school teachers. The courses have been accessed preschool teachers.

289000 times with a total study duration of approximately 13000 hours. Teachers and

pre-service teachers from the project units have created over 25 million digital lesson

Rural Revitalization plans using seewo’s lesson preparation software and recorded more than 330000 micro-courses. This effectively translates digital capability into teaching outcomes

greatly enhancing teaching efficiency and quality.Seewo Public Welfare Activity

Since 2016 the Company has been driven by the inspiring vision of "Enabling "Teacher mentoring teachers" Teacher Professional

every child to enjoy equitable and quality education" launching the Seewo

Public Welfare Activity. Over the years the Company has upheld a Development · Seewo Xingtan Program

dual-way-parallel public welfare approach—donating digital devices and

enhancing teachers’ digital teaching capabilities—carrying out a series of Seewo Xintan Program innovatively carries out the "Teacher mentoring teachers"

effective programs including the Teacher Growth Program the teacher training model through a technology-driven integrated subject training

Thousand-Mile Classroom Public Welfare Program the Seewo Teacher Digital system. It invites teachers from well-developed educational regions to train educators

Capability Enhancement Support Project and the Seewo Xingtan Program. in resource-scarce areas empowering their professional growth. By the end of 2024

These efforts have effectively promoted the sharing of educational resources the Seewo Xingtan Program has trained 1676 Xingtan mentors nationwide helping

between urban and rural areas and have played a vital role in fostering over 200000 teachers improve their digital application capabilities.balanced educational development. In 2024 Seewo Public Welfare Activity In-Person Teacher Training

invested approximately RMB 10 million. By the end of 2024 the total

investment reached RMB 62.27 million covering 31 provinces (including

autonomous regions and municipalities) nationwide benefiting over 57000

teachers and 660000 students.Donate Basketball Equipment

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 51

“V itamin C Children Safeguard” Public Welfare Campaign Elderly Care Activities by V itamin C Volunteers

To address the mental and physical well-being of left-behind children in rural areas CVTE Public Welfare launched the In October 2024 CVTE Party Committee CVTE Trade Union and CVTE Public Welfare jointly launched a volunteer service

"Vitamin C Children Safeguard" public welfare campaign in June 2023. Through the "Vitamin C Healthy Dinner" activity themed "Warmth for the Elderly Home Passing Down the Love for the Elderly" organizing the Vitamin C Volunteer

program health education a worry-relief mailbox and lighting up micro-wishes and other volunteer service initiatives Service Team to visit Longtoushan Elderly Home to bring warmth and care to the seniors.they provide ongoing support to improve the quality of dinner meals for rural students and help establish positive

health awareness. In 2024 we provided 45000 healthy dinners to nearly 500 boarding students in rural schools. We

also held mental health seminars such as "Say No to School Bullying" and "Be the Master of Your Emotions" organized

nearly 100 volunteers for visitation activities and helped fulfill 169 micro-wishes.Vitamin C Healthy Dinner Home Visit to the Family of Beneficiary Students Employee Blood Donation Activity organized by the CV TE Trade Union

From January to March 2024 we also organized the "Walk Together to Light Up the Stars" public welfare activity with a total In July 2024 CVTE Health CVTE Trade Union CVTE Public Welfare and CVTE Party Committee jointly held a themedof 2560 employees participating and a combined distance of 463000 kilometers. At the appreciation and recognition blood donation campaign "Hot Blood Shapes Youth Youth Toward the Future”. A total of 210 passionate volunteers

meeting CVTE Health collaborated with CVTE Public Welfare to donate funds to the "Vitamin C Healthy Dinner Program" in participated in the event donating a total of 45800 milliliters of blood helping to light the hope of life for many in need.the name of the top 50 teams and the top 500 individuals.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 52

03 Governance Part

Governance is the cornerstone of corporate development. In a complex and

ever-changing business environment a sound governance structure and transparent

management mechanisms are essential to ensuring steady and sustainable progress.CV TE consistently upholds integrity transparency and efficiency as its governance

principles. It continuously improves its corporate governance structure enhances

decision-making efficiency and ensures the Company's operations are compliant

and sustainable. In the governance chapter we will share our company's practices in

corporate governance risk management anti-bribery and anti-corruption efforts as

well as the protection of intellectual property and trade secrets showcasing our

dedication to and pursuit of excellence in governance.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 53

Sound Corporate Governance

The Company strictly complies with laws and regulations such as The Company's Board of Directors has established four specialized committees:

the Strategy Committee the Audit Committee the Nomination Committee and Investor Rights and Intereststhe Company Law of the People's Republic of China the Securities

Law of the People's Republic of China the Code of Corporate the Compensation and Appraisal Committee each with its own set of detailed

working rules. Each committee performs its duties and assists the Board of Prioritizing shareholder returns and sharing the fruits of developmentGovernance for Listed Companies and the Shenzhen Stock

Directors in carrying out related work working together to promote the

Exchange Listing Rules continuously revises and improves internal The Company firmly adopts a shareholder-centric philosophy fully leveraging measures like Company's efficient and compliant operation. The Company's Audit Committee cash dividends to share the Company's development benefits with all shareholders. Since

regulations including the Articles of Association and the Rules of Nomination Committee and Compensation and Appraisal Committee are mostly going public the Company has consistently provided stable and sustainable cash dividends

Procedure for the Board of Directors and establishes a transparent composed of independent directors who serve as conveners. The convener of in accordance with the profit distribution policy outlined in the Articles of Association. From

and efficient governance framework to constantly enhance its the Strategy Committee is the chairman of the board. 2020 to 2023 the Company's annual cash dividend payout as a percentage of net profit

standardized operations. Also the Company continuously improves attributable to shareholders of the listed company has remained stable at over 35%.its shareholder rights protection mechanisms discloses information During this reporting period the Company held Information disclosure

promptly and accurately in accordance with regulatory The Company strictly adheres to regulatory requirements such as the Administrative Measures

requirements and strengthens investor relations management for Information Disclosure by Listed Companies and the Shenzhen Stock Exchange Listing Rules.providing solid support for enhancing corporate governance. 4 7 6 1 It has developed and implemented the Information Disclosure Management System which

clearly defines the information disclosure framework where the Board of Directors serves as the

Governance Structure overall leader and manager of the Company's information disclosure work the Chairman is the shareholders' board of directors board of supervisors strategy committee primary person responsible for information disclosure while the Board Secretary is responsible

meetings meetings meetings meeting for managing the information disclosure process. The Company discloses relevant information in

The Company has established an operation mechanism with the a true accurate complete and timely manner through multiple channels such as the Shenzhen

shareholders’ meeting as the highest authority the Board of Directors as the Stock Exchange's designated service platform and CNINFO to ensure that all shareholders have

decision-making body the Board of Supervisors as the supervisory body and 8 3 4 equal access to company information. This aims to fully protect investors' interests and

the management as the executive body. Under this mechanism each continuously enhance the transparency of the Company's information disclosure. According to

governing body carries out its work according to its responsibilities. Through the 2023-2024 Information Disclosure Evaluation Results for Main Board Listed Companies audit committee nomination compensation and appraisal

the proper distribution and checks and balances of power they work together published by the Shenzhen Stock Exchange the Company continued to receive the highest

collaboratively while also supervising and restraining each other effectively meetings committee meetings committee meetings rating of A for information disclosure in 2024.ensuring the Company's sound decision-making and efficient governance. Investor communication

The Company places great importance on diversity in its board development The Company values maintaining good communication with investors. It has established

striving to enhance the variety of perspectives among board members in terms

Corporate Governance Structure and implemented the Investor Relations Management System and regularly receives

of gender experience qualifications and professional backgrounds. The board investor inquiries and listens to their comments and suggestions through channels such as

members come from a range of academic fields including information the Investor Hotline (020-32210275) and the Investor Relations email (shiyuan@cvte.com).Shareholders' engineering business management finance and accounting and legal

Strategy and ESG In addition to traditional methods such as disclosing regular reports interim Meeting compliance. As of the end of the reporting period the Company's board of announcements and responding to investor hotlines the Company actively innovates its

directors is composed of nine members including three independent directors investor communication approach and proactively enhances communication and

Board of one female director one accounting professional four with doctoral degrees engagement with investors. During the reporting period the Company organized multiple

Audit Committee Supervisors and two with extensive risk management experience. investor open days inviting investor representatives to personally experience the

Company's technological innovations and engage in in-depth discussions with

Board of Directors In addition the Company actively provides board members with various management. In addition to actively responding to investor questions on the Interactive

Nomination professional skills development and compliance training covering topics such Easy platform the Company also established the "CVTE Investor Relations" WeChat Official

Committee as national policies securities regulations and specialized training on Account the "CVTE IR" applet and official accounts on major investor forums as part of its

environmental and social issues (e.g. climate change) to effectively enhance new media outreach. These efforts aim to provide investors with more precise efficient

their compliance awareness and ability to perform their duties. and personalized services.Compensation and

Management

Appraisal Committee

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 54

Strengthening Risk Management and Control

Effective risk management and control is key to ensuring the Company's stable operation and

sustainable development. The Company is dedicated to building a comprehensive and scientific Risk Control Compliance Management

risk management and control system to accurately identify and effectively respond to various

internal and external risks ensuring the steady and sustainable growth of the business. The Company has established a comprehensive risk control management closed-loop mechanism. In response to

risks such as market volatility changes in the economic environment regulatory adjustments and other

Risk Management and Control System uncertainties the Company performs risk identification assessment and corresponding response measures while reporting risk dynamics upward. The risk control center and audit department jointly oversee the implementation

by relevant departments so as to ensure that risk management efforts are precise efficient and well-organized.The Company continuously improves its risk and compliance management system establishing a primary risk framework

centered around five key areas: strategic risk market risk financial risk operational risk and legal risk. Based on this we

conduct risk assessments for secondary risks such as corporate governance risk environmental protection risk health and Risk identification Risk response

safety risk climate change risk human resources risk intellectual property risk and confidentiality risk and further identify

and refine tertiary risks. For major tertiary risks we have also established a full-process risk monitoring mechanism that Every year based on the Based on the risk assessment

includes early warning in-process control and post-event review to ensure that risks remain under control. Company’s value chain from the results match appropriate

five dimensions of strategy market response strategies to different

In addition the Company continuously improves its ESG risk management system. Under the guidance of the Board of

Directors the ESG working group consistently monitors ESG-related risks and develops appropriate risk mitigation plans. finance operation and law a risk risk levels and urge the relevant

They constantly integrate core ESG principles and standards into the Company's overall risk management framework list is identified through strategic Closed-loop responsible departments to

ensuring ESG risk controls are embedded into the broader risk management strategy to support sustainable business objective sorting value chain Mechanism of Risk develop corrective action plans.development. analysis business process analysis

and classification analysis. Control Management

To ensure effective risk management the Company has established a “Three Lines of Defense” risk control framework.The Chief Risk Officer regularly reports the risk management progress to the CEO and the Board of Directors ensuring

that the management team is aware of the Company's risk management performance and can make timely decisions.Correction supervision Risk report

The First Line of Defense Each Business Group Responsible for executing risk control procedures The risk control center and the Summarize the risk points and

and implementing risk response measures. audit department jointly supervise form a report on the management

the implementation of corrective status of the risk evaluation system;

measures by relevant responsible If significant risks or deficiencies

Responsible for promoting and overseeing the departments and assist responsible

Risk assessment

The Second Line of Defense Risk Control Center are identified the audit department

effective implementation of risk control processes departments to improve the risk Based on the risk list the Company will report directly to the Audit

control system;

and response measures. analyzes the risk causes and existing Committee or the Board of

The Company regularly analyzes the control measures calculates risk Directors.effectiveness and rationality of the values and sensitivity and assesses

The Third Line of Defense Audit Department Carry out annual risk management activities. developed risk response strategies the likelihood and impact degree of

Identify internal and external risk factors that could and makes timely adjustments. each risk to determine its level. This

impact the Company's ability to achieve its process ultimately forms the

sustainability goals. Company’s risk heat map.Assess the effectiveness of risk levels and related

control activities.Responsible for promoting the development of risk

control systems and policies.Evaluate and improve the benefits of the Company's

risk management through systematic methods.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 55

The Company regularly conducts risk control and regulatory compliance management in areas such as audit job In addition the Company places a high priority on ESG risks arising from factors such as climate change social shifts and

separation review subsidiary control seal management and fund management. policy transitions. Referencing the World Economic Forum's (WEF) Global Risks Report 2024 and considering the

Company's specific business characteristics we regularly conduct identification and assessment of emerging risks.This year after a comprehensive review of the Company's strategic plan and the development status of various

The Audit Department regularly conducts special audits across various areas businesses we identified two long-term emerging risks with significant potential impact on business development:

including but not limited to R&D marketing supply chain expenses assets international trade friction risk and AI technology risk. We have proactively implemented positive risk mitigation measures

and infrastructure. If internal control deficiencies are identified during the to reduce the potential impact of related risks.Regular audit audit the department assists the audited units in improving their internal

control systems. Additionally the Audit Department regularly conducts risk

assessments across various business areas to promptly assist departments in Emerging risks Potential impact Response measures

strengthening their risk control matrix within their respective fields.Develop a diversified market strategy expanding into

Due to geopolitical tensions and different regions to spread risk and reduce reliance on

Cashiers are separated from the duties of auditing keeping accounting uncertainties surrounding policy a single market.archives and registering claims and debts; the duties of the internal audit changes in various countries Optimize the supply chain and localize the layout to

department and the finance department are separated; the official seal international trade barriers are ensure a diversified sourcing of critical components

Job separation review financial seal legal person seal and bank account operation are kept and fluctuating and commodity prices and raw materials reducing the risk of supply

performed by employees of different positions respectively; the kinship International trade are rising. As the Company's disruptions caused by changes in trade policies in

between the seal management personnel and the actual controller director friction risks international expansion progresses specific regions.supervisor and senior executive is separated. it may face challenges such as Strengthen compliance management and risk warning

market demand fluctuations to ensure that the Company's operations adhere to the

unstable supply of key raw legal and regulatory requirements of the target market.materials and components and Strengthen international cooperation and

export restrictions. communication and stay closely updated on policy

Manage and supervise aspects such as shareholder rights and developments.obligations business policies investment plans and key personnel

Subsidiary control appointments and removals of subsidiaries in accordance with systems

like the Administrative Measures for Subsidiaries of Guangzhou Shiyuan

Electronic Technology Company Limited.AI technology is transforming the

The Company adopts the authorization and hierarchical approval system for way society produces and lives Establish legal standards and ethical review

Seal management its official seal and formulates the Seal Management System to stipulate the with impacts spanning economics

mechanisms to ensure that the application of AI

approval and registration processes of the seal. ethics employment and security. technology complies with societal morals and legal

Negative risks of As a tech company relying on regulations. For example in algorithm design avoid

emerging technologies including discriminatory factors to ensure fairness and AI technology

AI for product innovation we may transparency in AI decision-making.face potential risks such as social Data security and privacy protection: Establish and

By continuously strengthening the review of fund account approval and and ethical issues as well as data

improve mechanisms for data security and privacy to

security and privacy concerns. ensure the security and confidentiality of user data.Fund management transfer of external funds use of raised funds and idle funds and other

aspects the Company aims to minimize risks related to fund management.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 56

Standardizing Business Conduct

The Company is built on integrity strictly Anti-Commercial Bribery and Creating an atmosphere of integrityadhering to the rule of law and compliance

bottom lines. It focuses on key areas such as

anti-commercial bribery anti-corruption and Anti-Corruption

The Company actively fosters a culture of integrity and honesty and conducts anti-corruption training and integrity

awareness activities for all employees every year. These initiatives emphasize that accepting bribes or engaging in corrupt

the protection of intellectual property and The Company remains committed to the principle of integrity in practices in any form is unacceptable guiding all staff to strengthen their self-discipline and uphold ethical standards. The

trade secrets to establish a comprehensive business operations continuously improving its anti-corruption Company actively joined organizations such as the China Enterprise Anti-Fraud Alliance and the Guangdong-Hong

system actively promoting a culture of integrity and regulating Kong-Macao Greater Bay Area Corporate Integrity and Compliance Federation dedicated to promoting the development and multi-layered system for standardized

the commercial activities of employees suppliers and other of a culture of integrity and compliance. In 2024 the Company conducted a total of 51 activities including integrity business operations.partners to foster a fair and honest business environment. culture training fraud risk training learning at the integrity base holiday posters online articles and external training sessions. These trainings on anti-corruption and integrity culture covered all employees continuously strengthening

everyone's awareness of integrity within the Company. During this reporting period the Company did not encounter any

Consolidating integrity building issues related to employees violating integrity standards.Public Reporting Channels The Company strictly adheres to the Company Law of the

People's Republic of China the Anti-Unfair Competition Law ofReport hotline +86(020）8615 4552 the People's Republic of China and other relevant laws and Building a comprehensive integrity education system that combines “precise outreach and ecosystem co-creation”

regulations of the jurisdiction where it operates. It has

Report email jicha@cvte.com established and implemented internal systems such as the

Integrity System Employee Handbook Employee Interest Conflict

Mailing address CVTE Risk Control Center No. 6 Layered 33 targeted sessions for high-risk departments such as R&D Quality and Marketing on preventing Management System and Code of Conduct for Business Ethics.Yunpu 4th Road Huangpu District The Company clearly communicates expectations and code of penetrative training

occupational crimes (reaching nearly 6000 participants)

The Company organized 37 themed integrity activities throughout the year tailored to various

Guangzhou Guangdong China conduct to all stakeholders regarding anti-corruption scenarios and covering all employees

anti-discrimination anti-harassment information security 100% of key position personnel received immersive warning education through on-site training at

protection and misconduct reporting. The Company regularly the integrity base

conducts conflict of interest declarations covering all employees

core customers and suppliers to comprehensively regulate the Dynamic Establish a dual mechanism of "Node Warning + Routine Penetration": publish 7 original

business conduct of all stakeholders. warning network integrity-themed posts (total views: 5436) and deliver 3 sets of customized warning posters at key time points

To continuously improve the effectiveness of the anti-corruption Benchmarking demonstration and leading: the Company awards the title of "Pioneer Department

system the Company has established an discipline inspection and for Integrity and Honesty" to the Investment Department and four other departments

supervision team responsible for monitoring and inspecting the

implementation of anti-corruption efforts and regularly reporting

Ecological chain Conducted on-site visits to 18 OEMs and suppliers to build stronger partnershipson the progress to the Board of Directors to ensure that business

value output Promoted supply chain collaboration improvements such as process compliance upgrades at OEMsethics and compliance are properly upheld. Additionally the

discipline inspection and supervision team regularly collaborates

with the risk control center legal and audit departments to

thoroughly investigate and address complaints and reports related

to violations of business ethics ensuring that any breaches of

ethical conduct are effectively handled. Anti-bribery management for Supplier

To ensure effective implementation of the Company's policies on

business ethics management the Company regularly conducts Promoting business ethics in the supply chain helps build an honest and transparent business environment. The Company

business ethics and anti-corruption audits based on its specific promotes a transparent supply chain and continuously improves documents such as the Integrity Agreement and Supplier

business characteristics and risk assessments ensuring coverage Onboarding Process Specification. All suppliers are required to sign an Integrity Commitment Letter alongside the

of all business operations at least once every three years. The contract and declare any conflicts of interest to ensure they are aware of the Company's business ethics requirements.Company also maintains open reporting channels and The Company regularly publishes articles on the Sunshine Supply Chain official account to communicate its stance and

continuously improves mechanisms to protect whistleblowers bottom line on business ethics to suppliers. Additionally the Company has established a reporting channel for improper

ensuring the ongoing effectiveness of its ethics management. benefits from suppliers. If any violations of integrity or laws and regulations occur the Company will pursue accountability

During this reporting period the Company did not experience in accordance with legal procedures. During the reporting period the Integrity Commitment Letter signing rate among

any violations related to business ethics. suppliers reached 100%.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part Appendices 57

Intellectual Property and Trade Secret Protection

Intellectual property protection Trade secret protection

The Company attaches great importance on the protection of scientific research achievements and strictly complies with The Company fully recognizes the importance of protecting trade secrets in maintaining core competitiveness and preventing unfair

relevant laws and regulations such as the Patent Law of the People's Republic of China the Copyright Law of the People's competition and is committed to building a comprehensive multi-layered trade secret protection system.Republic of China and the Trademark Law of the People's Republic of China. It has established a comprehensive

intellectual property protection and management system formulated and implemented internal systems including the In terms of system construction the Company has established internal management systems such as the Information Asset

Intellectual Property Management Manual Intellectual Property Management Measures and International Patent Process and Classification Control Procedure Computer Control Procedure and Trade Secret Control Procedure supplemented by

Control Specification. These documents clarify the requirements and detailed procedures for intellectual property guiding documents like the Trade Secret Protection Guidelines and Trade Secret Infringement Risk Prevention Mechanism.management. The Company continuously improves its intellectual property management system and has obtained the These documents provide robust institutional safeguards covering information classification access control and risk alerts. In

GB/T 29490-2013 certification for intellectual property management system. terms of process mechanism construction the Company has established a comprehensive trade secret protection

mechanism that covers the entire employee lifecycle including onboarding training job transfers and resignation. When

new employees join we conduct specialized training to clarify confidentiality obligations; during onboarding procedure we

Standardized Management Intellectual Property Intellectual Property Intellectual Property have them sign a confidentiality commitment letter to reinforce responsibility; upon employee departure we strictly follow

Management Measures Incentive System the resignation audit process to prevent the leakage of trade secrets. In parallel the company leverages advanced IT

Implemention of the Enterprise Risk Control System technologies to build a warning system for abnormal behavior in document issuing. When abnormal operations are detected

Intellectual Property Patent Application Process Intellectual Property an alert is triggered immediately and appropriate response measures are quickly implemented based on the actual situation

Trademark Management R&D Risk Control Process Incentive Measures ensuring real-time dynamic protection of trade secrets.Management Specification and Approval System

Group Standard Committee Measures Important Patent Incentive In terms of employee awareness training the Company has established a systematic and professional training framework to

Technical Contract Exhibition Risk continuously strengthen employees’ awareness of trade secret protection and integrate confidentiality concept into daily Measures Investigation System operations becoming a behavior standard that all employees consciously follow. In 2024 the Company conducted a total of

Management Measures 14 specialized training sessions on trade secrets covering legal regulations interpretation judicial case analysis leak

Patent Application scenarios and key confidentiality points explanation achieving full coverage of employees. Additionally we tailor training

Document Drafting and programs based on confidentiality needs for different roles. This includes online foundational courses for all employees

Review Specification exclusive online courses for interns and third-party contractors and in-person small-group intensive training for key positions.In terms of intellectual property achievements the Company filed over 1600 new patent applications in 2024. By the end

of 2024 the Company held more than 11000 active patents including over 2000 invention patents and more than 4300

software copyrights and work copyrights. The Company and its subsidiaries Guangzhou Shirui have been recognized as a

national intellectual property demonstration enterprise assessed by the China National Intellectual Property Administration.Guangzhou MAXHUB and Guangzhou Shikun have been awarded the title of intellectual property demonstration

enterprises in Guangdong Province.To stay at the forefront of intellectual property trends and enhance the team's professional skills. The Intellectual Property

Department regularly conducts internal knowledge-sharing sessions and actively participates in compliance training

organized by external authoritative organizations. These trainings cover areas such as open-source software compliance

trade secret protection patent infringement disputes patent invalidation procedures and IP contract risk management

with a total of over 60 sessions held. By combining theoretical learning with experience sharing we continuously hones

the professional skills of team members.Additionally the Company has conducted over 80 training sessions on intellectual property for core departments such as

R&D business and supply chain. The training topics include high-risk patent technology compliance management trade

secret compliance open-source software compliance supply chain control technology compliance patent knowledge and

search training and licensing compliance training. These efforts help business units stay updated on the latest risk

management regulations and enhance their ability to manage risks effectively.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 58

Appendix 1: Honors Received in 2024

Development quality R&D and Innovation

Entity Award Issuing Organization Entity Award Issuing Organization

2024 Top 500 Chinese Private Manufacturing All-China Federation of Industry and Commerce National Smart Education Platform Data Innovation Center for Educational Technology and Resource

Enterprises and Application Competition - Outstanding Work Development of the Ministry of Education of PRC

2024 Top 500 Chinese Manufacturing Enterprises China Enterprise Confederation

2024 Top 100 Chinese Large Enterprises in Innovation China Entrepreneurs Association AI Education Base for Primary and Secondary Schools Office of the Leading Group for Digital Transformation

in Shanghai11 in Shanghai's Education System

2024 TOP 100 Digital Economy & Real Economy

China Enterprise Evaluation Association Shirui Electronics

Integrated Enterprises

2024 People's Craftsmanship Technology Award People's Daily Online

2024 Top 500 Private Enterprises in Invention Patents

All-China Federation of Industry and Commerce

2024 Top 500 Private Enterprises in R&D Investment

Model Enterprise of Intelligent Manufacturing with 2024 Education Scenario Application Case of AI LLM China Education Information Magazine

Boao Forum for Entrepreneurs

New Quality Productive Forces

Ministry of Industry and Information Technology

CVTE Commercial Display Branch of China Electronic 2024 Typical Audio-Visual System Cases

and others

China Commercial Display 15-Year Meritorious Information Industry Federation

Enterprise Award Shenzhen Commercial Display System Industry

Promotion Association 2024 Product Technology Innovation Guide China Video Industry Association

Outstanding Listed Company in 40th Anniversary of

Securities Times New Fortune Magazine Shizhen Electronic

Guangzhou Development Zone

2024 People's Craftsmanship Product Award People's Daily Online

2024 China's Top 100 ESG Listed Companies Securities Times

Guangdong Federation of Enterprises and

2024 Guangdong Top 100 Innovative Enterprises Audio-Visual System Product Innovation Award Digital Audio-Visual Engineering Network

Guangdong Entrepreneurs Association

2024 Top 100 Guandong Electronic Information Guangdong Electronic Information Industry

Manufacturing Enterprises Association 2024 SATIS Jury Special Award Organizer of SATIS

2024 Outstanding Case in National Education QSTECH12

Shirui Electronics9 Xinhuanet

Innovation and High-Quality Development CX27COBLED Display Won 2024 Outstanding Product HangJia Talk Display HangJia Talk Industry Research

Award Center

Quality Leading Enterprise in China's Commercial

Display Industry; National Product and Service Quality China Association for Quality Inspection

Shizhen Electronic10 Integrity Demonstration Enterprise 9Shirui Electronics is a subsidiary of CVTE and its full name is Guangzhou Shirui Electronics Co. Ltd.

10Shizhen Electronic is a subsidiary of CVTE and its full name is Guangzhou Shizhen Electronic Technology Co. Ltd.

2024 21st Century [Golden Great Wall] Typical Case

21st Century Business Herald 11This award was won by Shirui Electronics' subsidiary Shanghai Shixi Intelligent Technology Co. Ltd.

for New Quality Productivity Application 12QSTECH is a subsidiary of CVTE and its full name is QSTECH Co. Ltd.

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 59

Brand value Employee hiring

Entity Award Issuing Organization Entity Award Issuing Organization

National Case of Family-Friendly Workplace All-China Federation of Trade Unions Ministry of

TOP 30 Leading Chinese Brands in Global

CVTE Forbes China Construction Human Resources and Social Security and others

Expansion on the 2024 Forbes List

Third Batch of Outstanding Cases in Healthy

National Health Commission

Enterprise Development

Shirui Electronics AAA Well-Known Trademark Brand China Trademark Association Key Workers’ Book House Project of All-China All-China Federation of Trade Unions

Federation of Trade Unions

2024 People’s Enterprise Social Responsibility

CVTE People's Daily OnlinePractice Case Award

Shizhen Electronic 2024 TOP10 Brands in Smart Conference Panels Digital Audio-Visual Engineering Network

2024 Guangzhou Model Worker and Craftsman

Guangzhou Federation of Trade Unions

Talent Innovation Studio

Education and conference all-in-one displays Maimai 2024 Top Employer Worth Maimai

HangJia Talk Display HangJia Talk Industry

and film/TV LED displays awarded the 2024

Research Center Liepin 2024 Outstanding Employers Liepin

Influential Terminal Brand

Second Batch of Provincial Pilot Enterprises

QSTECH for Improving Employee Life Quality in Shaanxi Shaanxi Federation of Trade Unions

Province

2024 Outstanding Brand Award in the Large

Projection Time

Screen Audio-Visual Industry

QSTECH Corporate governance

DAV01.com

2024 Top 10 LED All-in-One Brands Entity Award Issuing Organization

Digital Audio-Visual Engineering Magazine

2024 Top 20 GBA Listed Companies in Shenzhen Corporate Governance Research

Corporate Governance Association

2024 Top 10 LED Outdoor and Advertising CVTE

LEDP.HCZYW.COM

Display Brands 2024 26th Listed Company Golden Bull Award China Securities Journal

"Golden Disclosure Award"

2024 Environmental Social and Governance (ESG) ReportPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 60

Appendix 2: Key Performance Indicators (Environmental)

Energy Management Wastewater Management

Energy consumption

Unit 2022 2023 2024 Indicator Unit 2024

metrics

Tons of standard coal 455.25 1013.52 620.20 Domestic wastewater Ton 449847.00

Direct energy

consumption

kWh 3704216.82 8246741.34 5046353.89 Industrial wastewater Ton 19.89

Tons of standard coal 3371.00 4481.31 8647.16

Indirect energy

Waste Gas Management

consumption

kWh 27428804.32 36463062.70 70359335.58

Indicator Unit 2024

Tons of standard coal 3826.25 5494.83 9267.36

Comprehensive

energy consumption VOCs KG 96.40

kWh 31133021.14 44709804.04 75405689.47

NOx KG 330.99

Tons of standard coal/RMB

0.00180.00270.0041

Comprehensive energy ten thousand of revenue

consumption intensity SOx KG 2.65kWh/RMB ten thousand

14.8322.1633.66

of revenue

Greenhouse Gas Management CV TE 2024 Greenhouse Gas Emissions (Location-Based Method)

Water Resource Management

Categories of greenhouse gas emissions Main sources of greenhouse gas emissions Greenhouse gas emissions/ tCO2e

Water use indicator Unit 2022 2023 2024

Scope 1: Direct greenhouse gas emissions Gasoline natural gas diesel 2209.63

Water consumption Ton 407845.84 396293.00 458598.52

Water consumption Ton/RMB ten thousand

0.1943 0.1965 0.2047 Scope 2: Indirect Greenhouse Gas Emissions Purchased electricity 38220.04

intensity yuan of revenue

Scope 3: Other indirect greenhouse gas emissions13 Capital goods etc. See notes for details 69540.18

Waste Management

Total 109969.85

Indicator Unit 2024

Scope 1 + Scope 2 Greenhouse gas emission intensity (tCO2e/RMB ten thousand of revenue) 0.0180

Total amount of general solid waste Ton 1795.73

-Disposal method: Recycling

Total amount of hazardous waste

Ton 17.65 13The disclosed categories in the Scope 3 include: C ategory 2 C apital Goods C ategory 3 Fuel- and Energy-Related Activities C ategory 5 Waste

-Disposal method: recycling incineration

Generated in Operations C ategory 6 Business Travel and C ategory 7 Employee C ommutingPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 61

Appendix 2: Key Performance Indicators (Social)

Hiring Diversity Equality and Inclusion

Indicator Unit 2021 2022 2023 2024 Indicator Unit 2024

Total number of employees Persons 5426 6193 6780 6693 Number of women in junior management Persons 197

Male Persons 3968 4424 4842 4795 Proportion of women in junior management % 25.29

By gender

Female Persons 1458 1769 1938 1898 Number of women in middle management Persons 26

Proportion of women among employees % 26.87 28.56 28.58 28.36 Proportion of women in middle management % 20.47

30 years old

Persons 3018 3401 3520 3101 Number of women in senior management Persons 10

and under

Divided by age Ages 31 to 50 Persons 2383 2766 3222 3541 Proportion of women in senior management % 26.32

50 years old Number of women in management positions

Persons 25 26 38 51 Persons 125

and above responsible for revenue generation

Proportion of women in management positions

Senior management Persons 28 33 33 38 % 25.30

responsible for revenue generation

Middle management Persons 90 88 113 127 Number of women holding STEM-related positions Persons 321

Divided by job level

Junior management Persons 632 685 801 779 Proportion of women in STEM-related positions % 11.12

Non-management Persons 4676 5387 5833 5749 Number of minority employees Persons 284

Mainland China Persons 5408 6180 6757 6667 Proportion of minority employees % 4.24

Hong Kong Macau

Divided by region Persons 13 11 12 12 14Data for 2024 only includes employees of C hinese nationality

and Taiwan

Overseas Persons 5 2 11 14

Han Chinese Persons 5194 5940 6496 6395

Divided by ethnicity14

Other ethnic

Persons 232 253 284 284

minoritiesPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 62

Employee Development Occupational health and safety

Indicator Unit 2024 Indicator Unit 2021 2022 2023 2024年Number of training sessions organized times 8876 Number of work-related injuries pcs 5 4 2 10

Total hours of training conducted hours 450000 Days lost due to work injury days 257 226 105 281

Number of employees received training Persons 8104 Number of work-related deaths Persons 0 0 0 0

Average training hours of employees hours/person 55.10

Total number of directors who have received anti-corruption

Persons 5

training in 2024

Total number of full-time employees who have received

Persons 6000

anti-corruption training in 2024

Human Rights

Indicator Unit 2024

Labor contract signing rate % 100

Number of people covered

Persons 3700

by the collective agreement

Coverage rate of collective

%55.28

agreement

Employee rights and interests

Number of people covered

Persons 4600

by the trade union

Trade union coverage rate % 68.73Preface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 63

Appendix 3: GRI Index Table

Index Mapping to the No. 17 Self-Regulatory Guidelines for Companies

GRI Content Index Chapter 4: Social Information Disclosure

Listed on the Shenzhen Stock Exchange - Sustainability Report (Trial)

Disclosure Corresponding

Report Section GRI Content Index Clauses Section 1: Article 38 Rural Revitalization and Community Public Welfare

requirements chapters/sections of this report

Rural Revitalization

Article 39 Rural Revitalization and Community Public Welfare

About This Report GRI 2-1 2-2 2-3 2-4 2-5 Chapter 3: Environmental Information Disclosure and Social

Contributions Article 40 Rural Revitalization and Community Public Welfare

About CVTE GRI 2-1 2-2 2-6 Article 20 Response to climate change

Section 2: Article 41 Innovation-driven development

Chairman's Speech GRI 2-14 Article 21 Response to climate change Innovation-Driven Article 42 Innovation-driven development

Development and

ESG Highlights and Performance - Article 22 Response to climate change Tech Ethics Article 43 Innovation-driven development

Co-building of responsible supply chain

ESG Governance Structure GRI 2-14 2-17 Article 23 Response to climate change

Article 44 Strict Product Quality Control

ESG Governance Communication with GRI 2-15 2-16 2-29 Section 1: Article 24 Response to climate change

Stakeholders Practicing Responsible Marketing

Response to Climate

Double Materiality GRI 3-1 3-2 3-3 Change Article 25 Response to climate change

Assessment Co-building of responsible supply chain

Section 3:

Promoting Green Operation GRI 301 302 303 305 306 Article 26 Response to climate change Suppliers and At the end of the reporting period details of the Article 46

Customers Company's accounts payable (including notes

payable) balance and overdue unpaid amounts can

Response to climate change GRI 201-2 305-1 305-2 305-4

Environmental Part Article 27 Response to climate change be found in the Company's 2024 annual report

Creating Green Products GRI 302-5 Article 28 Response to climate change Strict Product Quality Control

Article 47

Promoting the Circular Practicing Responsible Marketing

Economy GRI 301-2 301-3 Article 29 Response to climate change Article 48 Practicing Responsible Marketing

Innovation-driven

GRI 302-5 Article 29 Promoting Green Operation Article 49 Employee Care and Cultivation

development Section 4: Employees

Strict Product Quality Article 50 Employee Care and Cultivation

GRI 416-1 Article 30 Promoting Green Operation

Control Section 2: Chapter 5: Disclosure of Governance Information Related to Sustainable Development

Practicing Responsible Pollution Prevention

GRI 416-1 GRI 417-1 GRI 418 Article 31 Promoting Green Operation

Marketing and Control and Strengthening Risk Management and Control

Co-building of responsible Ecosystem Protection

Social Part GRI 308-1 308-2 414-1 414-2 Article 32 Promoting Green Operationsupply chain Article 51 Co-building of responsible supply chain

Section 1:

GRI 2-7 2-8 2-19 2-20 2-21 2-26 2-30 Article 33 Promoting Green Operation Relevant Governance Communication with Stakeholders

Employee Care and 201-3 401-1 401-2 403-1 403-2 403-3 Mechanisms for

Cultivation 403-4 403-5 403-6 403-7 403-8 Promoting Green Operation Sustainable Article 52 Co-building of responsible supply chain

403-9403-10404-2404-3405-1406-1

Article 34 Development

Rural Revitalization and Communication with Stakeholders

GRI 203-1 203-2 413-1 Promoting the Circular Economy Article 53

Community Public Welfare

Section 3: Robust Corporate Governance

Robust Corporate

GRI 2-9 2-10 2-11 2-18 Resource Utilization Article 35 Promoting Green Operation

Governance and Circular Economy Article 54 Standardizing Business Conduct

Governance Part Strengthening Risk GRI 2-12 2-13 2-27 Article 36 Promoting Green Operation Section 2:

Management and Control Article 55 Standardizing Business ConductBusiness Conduct

Standardizing Business

GRI 2-26 205-1 205-2 206-1 Article 37 Promoting the Circular Economy

Conduct Article 56 Standardizing Business ConductPreface ESG Governance 01 Environmental Part 02 Social Part 03 Governance Part A ppendices 64

Appendix 4: External Verification Statement