Address: 34th Floor Joint Headquarters Building High tech Zone No. 63
Xuefu Road Nanshan District Shenzhen
5th Floor Building B Ziguang Information Harbor Langshan Road North 2025
District Nanshan Science and Technology Park Shenzhen
Phone: (switchboard)+86-755-86600666
Phone: (Straight Line)+86-755-86600637 Shenzhen Megmeet Electrical Co. Ltd.Postal Code: 518000
Email: irmeg@megmeet.com Environmental Social and Governance (ESG) Report
Website: www.megmeet.comCONTENTS
About This Report 01
Message from the Chairman 02
About MEGMEET 05
ESG Key Performance Data Sheet 86
Report Preparation Standards Index Table 91
I II III IV
Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion
Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony
?、Governance ?? ?、Climate Change Response ?? ? 、 Innovation-Driven ?? ?、Protection of Employees' Legitimate ??
Rights and Interests
?、Due Diligence ?? ?、Energy Utilization ?? ?、Product Quality and Safety ??
?、Occupational Health and ??
?、Stakeholder Communication ?? ?、Green Operations ?? ?、Customer Service Management ?? Safety Management System
?、Double Materiality Assessment ?? ?、Water Resource Utilization ?? ?、Data and Information Security ?? ?、Social Contribution ??
?、Sustainable Development Management ?? ?、Environmental Compliance Management ?? ?、Supply Chain Security ??
?、Anti-commercial Bribery and Anti-corruption ?? ?、Circular Economy ?? ?、Industrial Cooperation and Development ??
?、Anti-Unfair Competition ?? ?、Ecosystem and Biodiversity Protection ??Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
About This Report
Data Statement
This report marks the sixth release of social responsibility information and the fifth Environmental Social and Financial data contained in this report are derived from the Company’s audited financial statements. Other data are obtained from internal
documents and consolidated statistical information of the Group. Unless otherwise stated all currencies and amounts mentioned in this report are
Governance (ESG) Report of Shenzhen Megmeet Electrical Co. Ltd. It systematically elaborates on the Compa- denominated in Renminbi (RMB).ny’s practices and relevant performance in environmental social and corporate governance aspects enabling
investors and stakeholders to understand the Company’s ESG performance in a clearer more intuitive and
transparent manner. Reporting Basis
Self-Regulatory Guidelines for Listed Companies No.17 ? Sustainability Reports of the Shenzhen Stock Exchange
Reporting Period Self-Regulatory Guidance for Listed Companies No.3 ? Preparation of Sustainability Reports of the Shenzhen Stock Exchange
This report is an annual report covering the period from January ? ???? to December ?? ????.To improve historical comparability of the report
Global Reporting Initiative Standards (GRI Standards)
explanations will be provided at relevant places where partial textual information exceeds the above time scope.Guidelines for Chinese Enterprise Sustainability Reports (CASS-ESG 6.0) ? General Framework
Reporting Scope United Nations Sustainable Development Goals (SDGs) etc.The reporting scope of this report covers Shenzhen Megmeet Electric Co. Ltd. and its subsidiaries (hereinafter referred to as“ MEGMEET” or“ theCompany”).Unless otherwise specified its scope is consistent with the consolidated financial statements scope of the annual report of MEGMEET
(Stock Code: ??????.SZ). Confirmation and Approval
This report was approved by the Company’s Board of Directors on April ?? ???? and released concurrently with the Annual Report.Definitions & Terminology The Board of Directors undertakes to supervise the contents of this report ensure that it contains no false records or misleading statements and shall be
responsible for the authenticity accuracy and completeness of the contents.For ease of expression and reading Shenzhen Megmeet Electric Co. Ltd. is referred to as“ MEGMEET”“ the Company” ，“our Company”or“ we” inthis report. The full names of subsidiaries mentioned in this report are set out in the table below. The risks and opportunities analyzed in this report will exert impacts on the Company over different time horizons. The timeframes for such impacts are
defined as follows: Short-term (??? year) Medium-term (??? years) and Long-term (more than ? years). Such definitions are consistent with the timeframes
adopted in the Company’s strategic planning.Definitions Definitions
the Company、the Group、we / us、MEGMEET Shenzhen Megmeet Electrical Co. Ltd.Zhuzhou Electric Zhuzhou Megmeet Electric Co. Ltd. a wholly-owned subsidiary of the Company Report Access
Yihe Sanitary Ware Zhejiang Yihe Sanitary Ware Co. Ltd. a wholly-owned subsidiary of the Company This report is available for viewing and downloading
Hunan Electric Hunan Megmeet Electric Technology Co. Ltd. a wholly-owned subsidiary of the Company
the Company’s official website (www.megmeet.com)
Blue Valley Hunan Blue Valley Technology Co. Ltd. a wholly-owned subsidiary of the Company
Shenzhen Welding Shenzhen Megmeet Welding Technology Co. Ltd. a majority-owned subsidiary of the Company the Shenzhen Stock Exchange website (www.szse.cn)
Wolji Wolji International Technology Development (Shenzhen) Co. Ltd. a wholly-owned subsidiary of the Company
the CNINFO (www.cninfo.com.cn).Liziwei Guangdong Liziwei Electric Technology Co. Ltd. a majority-owned subsidiary of the Company
Hangzhou Chenkong Hangzhou Chenkong Intelligent Control Technology Co. Ltd. a majority-owned subsidiary of the Company
Hangzhou Qianjing Hangzhou Qianjing Technology Co. Ltd. a majority-owned subsidiary of the Company
Guangdong Tianjin Guangdong Tianjin Electronic Technology Co. Ltd. a majority-owned subsidiary of the Company
Hunan Maigu Hunan Maigu Technology Co. Ltd. a majority-owned subsidiary of the Company
Oulide Zhejiang Oulide Precision Technology Co. Ltd. a majority-owned subsidiary of the Company
Shenzhen Control Shenzhen Megmeet Control Technology Co. Ltd. a wholly-owned subsidiary of the Company
Hunan Weilang Hunan Weilong Technology Co. Ltd. a wholly-owned subsidiary of the Company
01 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 02Shenzhen Megmeet Electrical Co. Ltd.
Environmental Social and Governance (ESG) Report 2025
Message from the Chairman
“National Demonstration Enterprise for Green Supply Chain”. Meanwhile Yihe Sanitary Ware our subsidiary was also awarded the title of National Green
In ???? the global manufacturing industry is undergoing profound restructuring with digitalization intelligentization green transition and globalization jointly Factory.In terms of green supply chain management the Company adopts life cycle assessment (LCA) software to simulate environmental impacts throughout the
reshaping the industrial competitive landscape. entire product life cycle starting from the initial product design stage. We further integrate green concepts into all links including supplier admission manufacturing
Faced with this new stage of development MEGMEET has consistently stayed focused on its core business of electrical automation. Adhering to power electronics operations and customer empowerment.In terms of production and operation we continue to advance the implementation of a green efficient and sustainable
and automatic control as its core technologies the Company continues to make in-depth efforts across six business segments: power supply products industrial manufacturing model through highly automated production lines intelligent energy management systems energy consumption monitoring and production
automation new energy transportation intelligent equipment intelligent home appliance control systems and precision connectors. We are committed to process optimization.enabling more efficient electricity utilization continuous improvement in production efficiency and a more comfortable and clean living environment. In ???? we have also gained a clearer insight that the integration of intelligentization and low-carbon development has become a pivotal direction for manufactur-Over the past year we have further strengthened our commitment to technological innovation as the core pillar of high-quality corporate development.In ???? ing upgrading.Relying on its cutting-edge technology layout and innovative practices in the smart home appliance sector MEGMEET was awarded the“ EmergingMEGMEET was successfully recognized as a“ National Enterprise Technology Center”. This recognition not only acknowledges the Company’s long-term high R&D Excellent Supplier Award” by Haier Smart Home.In response to industry demands for high energy efficiency scenario-based intelligence and improved userinvestment and continuous technological innovation efforts but also reinforces our development philosophy:“ refining technologies through R&D deploying experience the Company has promoted in-depth integration of artificial intelligence technologies and variable-frequency energy-saving solutions. Driven by thebusinesses with technologies building platforms on business strengths and supporting R&D with platform advantages”.Furthermore MEGMEET ranked among dual engine of“ AI + Variable Frequency” we support our customers in upgrading from“ device functionality” to“ user-centric experience”.This achievement not
the“ Global Top ? OEM/Embedded Power Supply Vendors by shipment volume in the MTC ???? rankings” for the first time on the world’s authoritative power only reflects the Company’s technological strength but also represents MEGMEET’s continuous exploration into intelligent manufacturing and eco-friendly
supply market list. This achievement demonstrates the continuous enhancement of our technical depth large-scale supply capacity and international competitive- lifestyles.ness in the power electronics sector. In terms of global development MEGMEET has consistently adhered to the internationalization strategy of“ business-driven development local R&D and localWe also deeply recognize that the long-term value of an enterprise stems not only from technological breakthroughs but also from consistent manufacturing”.In ???? the Company was awarded the“ Global Expansion Pioneer Award” by Hisense Group. At the Global Supply Chain Partner Summit
commitment to green development and industrial responsibilities.In early ???? MEGMEET was accredited as a“ National Green Factory” and a MEGMEET shared its latest practices in global layout R&D innovation and supply chain collaboration.At present the Company has established production bases in
overseas regions including Thailand and India continuously improving local supply systems and enhancing delivery efficiency and service response speed.Mean-
while MEGMEET keeps expanding its industrial chain layout from components to system-level solutions. Our businesses cover multiple segments including AI data
center power supplies new energy rail transit energy storage and charging systems & components as well as smart home appliances. We are accelerating our
transformation from“ Made in China” to“ Intelligent Manufacturing Worldwide”.Looking back on the past year we are pleased to see that MEGMEET has achieved continuous new progress on the path of“ specialized refined distinctive andinnovative development”.In ???? three subsidiaries of the Company were recognized as national-leve“l Specialized Refined Distinctive and Innovative Little GiantEnterprises”. This achievement further demonstrates MEGMEET’s solid accumulation in core technologies industrial layout and ecological collaboration.These
accomplishments reinforce our firm belief that only by pursuing breakthroughs in core technologies adhering to platform-based and collaborative development
and embracing openness and win-win cooperation can we continuously enhance resilience and consolidate competitive advantages amid a complex and volatile
external environment.Looking ahead MEGMEET will continue to implement the development strategy o“f expanding horizontally for scale and deepening vertically for strength”. We will
further increase investment in core technology R&D advance forward-looking industrial chain layout across upstream and downstream sectors continuously
improve our technology platform enabling system and join hands with ecological partners to build new industrial advantages.We will keep driving development
through innovation guide transformation with green development enhance resilience via globalization and create more sustainable long-term value through
responsible operations. MEGMEET will continue to make greater contributions to customers employees partners society and the environment.
03 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 04Compliance Foundation Green Manufacturing
About MEGMEET Powered by Tech Win-Win
Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Corporate Strategy
Maintain high-intensity continuous R&D
investment and continuously optimize platform
development.Achieve horizontal business expansion and vertical
enhancement of segmented products.Make forward-looking layouts for future industries
and realize multi-polar growth to balance risks.About MEGMEET
Corporate Vision
Shenzhen Megmeet Electrical Co. Ltd.(Stock Code: ??????.SZ) was founded in
To become a world-leading provider of electrical
????. Centered on core technologies of power electronics and automatic automation products and solutions.control Megmeet Electric is committed to improving the efficiency of human
electricity utilization optimizing living environments continuously boosting Corporate Mission 8800+ 2400+ 10
production efficiency and enhancing the quality of human life.Actively respond- To utilize electric energy efficiently and create a
ing to the global new energy revolution and advancing the achievement of comfortable living environment for humanity. Number of Employees Total Valid Patents and R&D Centers
carbon peaking and carbon neutrality goals the company aspires to become a Corporate Philosophy Copyrights
world-leading provider of products and solutions in the field of electrical Focus on core technologies and deliver optimal
automation. components and solutions for customers.As of the reporting period the Group had ???? employees on payroll including Corporate Responsibility
???? R&D personnel. The Group holds more than ???? valid patents and
Abide by laws and regulations care for employees
copyrights in total. conserve resources and protect the environment. 3000+ 40+ 9
The Group owns over ?? subsidiaries worldwide with ?? R&D centers and ? Corporate Culture Number of R&D Personnel subsidiaries worldwide Manufacturing Bases
production bases under its global layout.Leadership Openness Collaboration and
Innovation.
05 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 06Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Principal Business and Core Technologies
Classified by application fields the Company’s products fall into six major categories: intelligent home appliance electronic control products power
MEGMEET’s products are widely applied in numerous consumer and industrial sectors including household and commercial displays inverter home supply products new energy & rail transit components industrial automation equipment intelligent equipment and precision connectors.appliances smart sanitary ware medical devices communications data centers renewable energy applications new energy vehicles rail transit Among them the segmented products of intelligent home appliance electronic control products include various inverter home appliance power
industrial automation intelligent manufacturing equipment and precision connection components.The Company continues to expand in the field of controllers air-source heat pump controllers complete smart sanitary ware and components etc. Power supply products cover medical device power
electrical automation extend its technical scope enrich product categories and steadily penetrate and develop into emerging sectors. supplies network energy products such as telecom and data center power supplies power equipment power supplies industrial DIN rail power
supplies core components for photovoltaic energy storage and charging piles LED display power supplies display-related power supplies OA power
supplies etc.New energy & rail transit components include new energy vehicle power electronics integration modules (PEU) motor control units
(MCU) on-board chargers (OBC) DCDC modules vehicle-mounted compressors electrical components for rail transit vehicle air conditioners core
components of thermal management systems etc.Industrial automation products consist of servo & inverter drives programmable logic controllers
(PLC) hydraulic servo pumps linear motors encoders etc.Intelligent equipment includes digital welding machines industrial microwave equipment
Core Technology Platforms intelligent oil extraction equipment etc.Precision connectors include special-shaped magnet wires coaxial cables ultra-fine flat wires FFC FPC and
other products.Power Solutions Digital Power Precision Connection
Control
0106
Power Solutions Precision Connection
System Control Power
& Communication Conversion
Industrial Home Appliances
Automation Control Solutions
0205
Industrial Intelligent
Automation Equipment
eMobility & EV Infrastructure Intelligent Equipment
0304
eMobility & Smart Home
After years of R&D investment the Company has successfully established technical platforms including power conversion hardware platform digital EV Infrastructure trol Solutions
power control platform as well as automatic control and communication software platform. It continues to expand towards electromechanical
integration and thermal management integration. Through continuous cross-application of technical platforms the Company has completed diversi-
fied product layouts in various fields formed a cross-industrial production and operation model and continuously strengthened the technical
foundation for the rapid expansion of new products.Six CoreBusiness Groups
07 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 08Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
MAIN PRODUCTS
Power Solutions Intelligent Equipment
Data center
Telecom Power power supply Electric Power
Intelligent Welding Industrial Microwave
Medical Power Display Power LED Power
Polysilicon WaterQuenching Automatic CarWashing
Laser Power OA Power Flat Panel Power Equipment Machine
Bi-directional Inverters Solar &BESS&EV Submersible-Progressing Intelligent Lifting
for Portable Power Charging Solution Cavity Pump Devices
Industrial Automation Smart Home Control Solutions
Residential& Commercial
Variable Frequency Drive Linear Motors A/C Controller Heat Pump Controller
Vehicle A/C Controller Solar A/C Controller
Servo System Internal Gear Pump
Mini Compressor Controller Refrigerator &Washer/DryerController
Control System IoTloT Solution Residential& Commercial
A/C Controller Smart Bidet
Encoder Linear Motors RF Thawing System
eMobility & EV Infrastructure Precision Connection
OBC & DC-DC Inverter E-Compressor
TV EDU Railway A/C Controller Railway VFD FFC FPC
Power Electronic Construction Thermal
Unit (?-In-? ?-In-?) MachineryController MgmtSystem Coaxial Cable CCS
Light Electric VehicleMotors Intelligent Active
Inverters andCharging System Hydraullc Suspension (-AHS) Litz Wire Peek Wire
09 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 10Compliance Foundation Green Manufacturing
About MEGMEET Powered by Tech Win-Win
Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Global Strategic
Layout & Expansion
MEGMEET has established a robust platform for research and development
manufacturing marketing and services. Worldwide the Company operates
?? R&D centers ?? marketing service centers and ? production bases.MEGMEET regards accelerating overseas layout and expanding overseas
markets as a key strategic direction for future development. At present the
Company has established overseas R&D centers in the United States and
Germany which specialize in forward-looking technology research and
development and continuously strengthen technological reserves for the
Company’s future technological development.The Company has invested in capacity construction in Thailand India and
other regions to optimize its global supply chain layout so as to meet
customers’ requirements for overseas manufacturing and delivery.It has set up representative offices in the United States Germany Poland
Romania Turkey South Korea Japan India Thailand South Africa and
other countries. The Company actively seeks opportunities for in-depth
cooperation with leading international customers in various regions and
industries promotes all businesses to enter the international market and
Production base
continuously expands its global sales revenue scale.R&D Center
Marketing service centers
ZhuzhouChina Zhuzhou IIChina HeyuanChina YiwuChina
HangzhouChina TaizhouChina RayongThailand NoidaIndia
11 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 12Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Corporate Development History
Through over ?? years of operational practice and experience accumulation MEGMEET has developed its unique business model product philosophy
and market development methodology.The Company expands technologies and products through organic internal growth and external expansion
MEGMEET focuses on core technologies of power electronics and relevant control systems and continuously expands into interdisciplinary and targets high-end industry directions and future industrial trends conducts forward-looking layouts makes prudent planning carries out orderly
emerging sectors related to its core technologies. Starting from the initial TV power supply business the Company has gradually expanded into investment accumulates technological reserves and competitive advantages and gradually unlocks growth potential to support sustainable
consumer power controllers industrial power supplies industrial control products consumer terminals and industrial equipment. It has also upgrad- business growth in the future.ed from circuit board products to module products system products and integrated products. Continuing to extend its presence in electrical automa-
tion the Company broadens its technical scope optimizes product portfolio layout and steadily penetrates and expands into new fields.????
Driven by the expansion of product businesses the Company has gradually extended from the household TV market to numerous consumer and
industrial sectors including commercial displays inverter home appliances smart sanitary ware medical devices communications intelligent Formed MEGMEET's six corebusiness groups
equipment new energy vehicles rail transit industrial microwave applications intelligent oil extraction equipment thermal management and ????
motor-related control systems.The continuous business expansion has generated incremental spillover effects enabled the Company to explore more Listed as Top ??? Small & Medium
market demands and enter additional segmented fields. Companiesby Forbes Asia Pacific
????????
???? IPO: Shenzhen SME Board(Stock Ticker:
Started the R&D of core components for electric
MEGMEET was established with a focus onflat panel ??????.SZ)vehicles
display power supply stimulating theworld into a
new era of vision
????
Expanded global footprint: Changsha global R&D center Thailand-
manufacturing base Hangzhou manufacturing base Breakthroughin-
novations validating corporate strategy
????????
Established our Global Manufacturing Center and entered the Global footprint expanded with R&D andManufacturing
???? marketof smart home control and industrial welding machine Centers established bothdomestically and internationally
Entered the field of industrialautoma-
tion and industrialpower supply
13 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 14Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Annual Honors 363
Honors & Awards
Affiliated Company Issuing/Competent Authority Honors & Awards Grade Received by 51 83 53
the Company
National & International Provincial & Ministerial Municipal Level
China Machinery Industry wards Level
China Machinery Industry Science and
Shenzhen Megmeet Federation (CMIF)、 National
Electrical Co. Ltd. Technology AwardFirst Prize Science Chinese Society for Mechanical Grade
and Technology Progress Award
Engineering (CSME)Shenzhen Megmeet NDRC（National Development Shenzhen ElectricNational NationalElectrical Co. Ltd. and Reform Commission） Enterprise Technology Center Grade
Hangzhou Qianjing Department of Economy and Zhejiang High-quality Manufacturing Provincial
Technology Co. Ltd. Information Technology of Zhejiang Products
Province Grade
Department of Economy and Qianjing Enterprise Research Institute for
Hangzhou Qianjing Information Technology of Zhejiang Rodless Intelligent Oil & Gas Production Provincial
Technology Co. Ltd. Province Equipment Zhejiang Province Grade
Shenzhen Megmeet Department of Industry and Shenzhen Electric – Guangdong Provincial Provincial
Electrical Co. Ltd. Information Technology of Industrial Design Center Grade
Guangdong Province
Zhuzhou Megmeet Electric Hunan Federation of Enterprises Top 100 Manufacturing Enterprises in Provincial
Co. Ltd. and Industrial Economics Hunan Province 2024 Grade
Hunan Megmeet Electric Hunan Provincial Department of Provincial Enterprise Technology Center of Provincial
Technology Co. Ltd. Industry & Information Technology Hunan Province Grade
Zhuzhou Megmeet Electric Hunan Provincial Development and Hunan Provincial Enterprise Provincial
Co. Ltd. Reform Commission Technology Center Grade
Hunan Megmeet Electric Changsha Municipal Science and Changsha Sci-Tech Achievement Municipal
Technology Co. Ltd. Technology Bureau Transformation Pilot Test Platform Grade
Shenzhen Megmeet Shenzhen Municipal Administration Shenzhen Electric – Grade A Enterprise Municipal
Electrical Co. Ltd. for Market Regulation for Synchronized R&D and Standardization Grade
Hunan Megmeet Electric Changsha Municipal Science and Advanced Unit for Newly Established R&D Municipal
Technology Co. Ltd. Technology Commission Institutions (2024) Grade
Hunan Megmeet Electric General Office of Changsha Top 50 Newly Established R&D Institu- Municipal
Technology Co. Ltd. Municipal People's Government tions in Changsha (2023) Grade
15 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 16Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Compliance Founda-
tion Steady Distance
Ahead
MEGMEET regards governance capability as the core engine for sustainable
development. Adhering to the principles of scientific decision-making
transparent operation and controllable risks it has established a gover-
nance system highly compatible with the transformation of the electrical
industry.By optimizing the board structure further applying digital gover-
nance tools and strengthening integrity culture and compliance mecha-
nisms the company has comprehensively improved decision-making
efficiency risk management and control and trust from stakeholders.SDGs Goals Responded by MEGMEET in this Chapter
The topics corresponding to this chapter
Due Diligence Stakeholder Communication Sustainable Development
Management Anti-commercial Bribery and Anti-corruption Anti-unfair
Competition
?、Governance ??
?、Due Diligence ??
?、Stakeholder Communication ??
?、Double Materiality Assessment ??
?、Sustainable Development Management ??
?、Anti-commercial Bribery and Anti-corruption ??
?、Anti-Unfair Competition ??
17 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 18Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Board of Directors
The Board of Directors of MEGMEET is responsible to the General Meeting of Shareholders. It has formulated the Rules of Procedure for the Board of
Directors. The Board has established special committees under it which are respectively responsible for the Company’s development strategy auditing
? Governance as well as the nomination selection administration and assessment of directors and senior management personnel. In accordance with the Code of
Corporate Governance for Listed Companies and the Company’s Working Rules for Special Committees of the Board of Directors the Board and its
special committees earnestly performed their duties gave full play to their professional advantages and functional roles and provided sound support for
MEGMEET Electric Co. Ltd. strictly complies with the requirements of laws regulations and normative documents including the Company Law of the
the decision-making of the Board. During ???? the Board convened a total of ? meetings and examined and approved ?? proposals.People's Republic of China the Securities Law of the People's Republic of China the Code of Corporate Governance for Listed Companies the
Listing Rules of the Shenzhen Stock Exchange and the Self-Regulatory Supervision Guidelines for Listed Companies of the Shenzhen Stock The Company stipulates in its Working System for Independent Directors that independent directors shall account for at least one-third of the Board
Exchange No. 1 ? Standardized Operation of Main Board Listed Companies. The Company has formulated internal management systems including members and at least one independent director shall be an accounting professional. Independent directors shall perform their duties independently free
the Articles of Association of Shenzhen Megmeet Electric Co. Ltd. (hereinafter referred to as the Articles of Association) and established an efficient from the influence of the Company’s controlling shareholders actual controllers and other entities or individuals with material interests in the Company
corporate governance structure consisting of the General Meeting of Shareholders and the Board of Directors featuring clearly defined powers and and may express opinions on all material matters of the Company.responsibilities coordination and checks and balances laying a solid foundation for the standardized and stable operation of the Company. The Company’s Board of Directors consists of ? directors including ? independent directors. Among them ? directors are under the age of ?? and ?
During the Reporting Period the Company adjusted the establishment of its Board of Supervisors based on the optimization of its corporate directors have a tenure of less than five years. The Company has one female director accounting for ??.??% of the total Board members.governance structure. Prior to the implementation of such adjustment the Board of Supervisors strictly performed its duties in accordance with The size and composition of the Board of Directors comply with the requirements of laws and regulations. The Company has fully considered diversifica-
relevant laws regulations and the Articles of Association to ensure that its supervisory functions were fully fulfilled.Following the abolition of the tion to enhance the competence of the Board and its overall corporate governance level.Board of Supervisors the relevant duties originally undertaken by the Board of Supervisors have been assumed by the special committees of the
Board of Directors. Through optimizing the supervisory mechanism and strengthening the governance functions of the Board of Directors the Compa-
ny has further improved its decision-making and supervision system and enhanced its governance efficiency and standardized operation level. 7 39
The Board of Directors of MEGMEET has established four special committees namely the Audit Committee the Remuneration and Assessment 2025
Number of proposals reviewed and approved
Committee the Nomination Committee and the Strategy Committee. During the Reporting Period each special committee of the Board of Directors Number of board meetings held
conscientiously performed its duties in accordance with the Code of Corporate Governance for Listed Companies and the Company’s Working Rules
for Special Committees of the Board of Directors gave full play to its professional advantages and functional roles and provided sound support for
the decision-making of the Board of Directors. Executive Compensation
In accordance with the requirements of the Code of Corporate Governance for Listed Companies the Company’s Board of Directors has established
four special committees namely the Strategy Committee the Audit Committee the Nomination Committee and the Remuneration and Assessment In accordance with the Labor Contract Law and other relevant laws and regulations MEGMEET has formulated differentiated remuneration systems
in light of the distinct job nature of directors senior management personnel ordinary employees and front-line workers in production departments
Committee which are respectively responsible for the Company’s development strategy auditing as well as the nomination selection administra-
respectively.tion and assessment of directors and senior management personnel.The remuneration schemes for the Company’s directors shall be submitted by the Remuneration and Assessment Committee to the Board of Directors
for approval and shall be implemented upon adoption by vote at the General Meeting of Shareholders. The remuneration for other senior manage-
ment personnel shall be submitted by the Remuneration and Assessment Committee to the Company’s Board of Directors for approval before
implementation.As a special committee under the Board of Directors the Remuneration and Assessment Committee is mainly responsible for formulating and review-
ing the remuneration policies and schemes for the Company’s directors and senior management personnel as well as formulating assessment
General Meeting of Shareholders criteria for directors and senior management personnel and conducting relevant assessments.In addition to directors and senior management personnel pursuant to the Company’s remuneration management system the remuneration of
MEGMEET is committed to improving its corporate governance structure clarifying the statutory duties of the General Meeting of Shareholders as the ordinary employees shall consist of basic salary post allowance year-end bonus and project bonus; the remuneration of front-line workers in produc-
supreme authority and formulating the Rules of Procedure for the General Meeting of Shareholders to regulate the authority convening procedures tion departments shall consist of basic salary post allowance overtime pay and full attendance award. Among these components basic salary and
and meeting methods of the General Meeting. To ensure the equal participation rights of all shareholders the company provides both on-site meetings post allowance shall be determined based on the employee's job level and academic qualification and shall be adjusted annually according to such
and online voting channels when convening the General Meeting of Shareholders enabling shareholders to exercise their voting rights conveniently and factors as the employee's individual assessment results and the Company's performance. The year-end bonus shall be distributed mainly based on
effectively. Through sound institutional arrangements and transparent deliberative procedures the company effectively safeguards the information the profitability of the Company in the current year with reference to such factors as the employee's individual job level and personal assessment.rights participation rights and decision-making rights of minority shareholders and vigorously protects the legitimate rights and interests of the majority To further standardize the compensation management of our Directors and senior management establish a sound and effective incentive and
of investors. restraint mechanism ensure the effective discharge of their duties and obligations by Directors and senior management enhance our operational and
management efficiency and better promote our healthy and sustainable development MEGMEET has adopted the Remuneration Management
In ???? the Company convened a total of ? meetings of the General Meeting of Shareholders including ? annual general meeting and ? extraordinary Policy for Directors and Senior Management.general meetings. The procedures for convening and holding the meetings the qualifications of attendees the voting procedures voting results and
disclosure of resolutions were all in compliance with the provisions of applicable laws regulations and the Articles of Association. Number of Directors Total Remuneration of Directors Total Employee Remunera- Remuneration Ratio of
Supervisors and Senior Supervisors and Senior Management tion (RMB ten thousand ) Directors Supervisors and
Management (RMB ten thousand ) Senior Management (‰)
2025 5 1 4 Year ???? ?? ???.?? ??????.?? ?.?‰Number of Annual Shareholders' Number of extraordinary
Year ???? ?? ???.?? ??????.?? ?.?‰
shareholder meetings Meetings shareholders' meetings
Year ???? ??＊ ???.?? ??????.?? ?.?‰
Note＊: During the Reporting Period one independent director of the Company completed their term and left office; due to the dissolution of the supervisory board three
supervisors left office among whom one was transferred to serve as an employee representative director.
19 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 20Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
? Due Diligence ? Stakeholder Communication
MEGMEET actively practices responsible business conduct and green development and conducts sustainability due diligence covering the entire supply MEGMEET fully recognizes that sustainable development relies on close cooperation and communication with various stakeholders. To practice the
chain. The Company identifies and assesses potential environmental social and governance risks along its upstream and downstream supply chains concept of sustainable development the Company attaches great importance to communication and interaction with stakeholders. Adhering to an
takes proactive intervention measures to prevent risks before they arise and promotes sustainable development across its entire supply chain. open and transparent attitude at all times the Company actively listens to demands from all parties integrates them into corporate strategy and daily
operations and jointly promotes the achievement of sustainable development goals.The Company has established and implemented a stakeholder communication system to ensure smooth communication processes.Methods and Scope of Due Diligence The main topics methods and channels of our communication with various stakeholders are shown in the table below:
The Company together with the Sustainable Development Committee and external professional institutions (third-party certification bodies) conducts
Stakeholders Representatives of Main Topics Communication Methodsand Channelscomprehensive identification and assessment of sustainability-related risks. the Stakeholders
MEGMEET’s due diligence scope covers all enterprises and institutions in the supply chain including raw material procurement manufacturing and The Company convenes general meetings of sharehold-
Corporate Governance Compliance ers; discloses information via its official corporate
logistics links of core business sectors such as new energy rail transit and industrial automation. The Company focuses on suppliers’ environmental
Operations Economic Performance website and WeChat official account; publishes annual
compliance (including carbon emissions and resource consumption) and labor rights protection.Shareholders Company Shareholders Anti-Corruption R&D and Innovation reports ESG reports and financial performance reports; and engages with investors through various channels
In the field of product research and development as well as technological innovation the Company’s due diligence mainly targets emerging technologi- Workplace Safety Industrial Collabora- including roadshows research visits telephone calls
cal products including data center power supplies and thermal management products and assesses their whole-life-cycle environmental impacts (such tion and Development emails and the Shenzhen Stock Exchange "Easy
as energy efficiency and e-waste disposal). Interaction" platform.For overseas operations in line with the development strategy of overseas businesses and the operation status of overseas R&D centers and manufactur- Employee Rights and Benefits Occupa-
ing bases the Company analyzes and assesses risks relating to local environmental regulations and community relations. tional Health and Safety Product Quality Employee health examinations;
Employees Employee's representation and Safety Talent Development and Employee engagement activities;
Training Diversity and Equal Opportunity Employee training programs;
Information Security and Privacy
Protection Employee handbook.Risk Identification and Response
Product Quality and Safety Responsible Information disclosure via the Company's official
Based on summaries of communication with stakeholders and findings from third-party audits we adopt the risk assessment matrix method to conduct Contact persons for customer procurement Supply Chain Circular Economy
website and WeChat official account;
a comprehensive analysis of risks across the entire operational chain of the Company. Clients quality control energy Responsible Mineral Sourcing Due
Customer inquiries and complaints handling;
Diligence Product Carbon Footprint Technical seminars;and low-carbon
Clean Technology Opportunities Customer satisfaction surveys;
Risk Assessment Through quantitative and qualitative analysis high-priority risks including climate change resource scarcity and labor departments Routine inspections and customer audits.Matrix disputes are identified.The local government Compliance Operations Fair Competi-
The Company entrusts international certification bodies to conduct ESG audits on supply chain enterprises so as to ensure Government where the company Information disclosure;tion Anti-Corruption Product Carbon
Third-party compliance with international standards including ISO ???? Quality Management System ISO ????? Environmental Manage- and regulatory operates and the
Cooperation with regulatory inspections;
Footprint Environmental Management
Audit ment System ISO ????? Occupational Health and Safety Management System IATF ????? Automotive Quality Management agencies Shenzhen Stock Exchange System Participation in government research and survey
System and ISO ????? Functional Safety. activities;
Stakeholder The Company collects sustainability demands and improvement suggestions through investor research employee question- Suppliers Suppliers of core raw R&D and Innovation Supply Chain Telephone communication;
Communication naires and community interviews. and materials such as Security Information Security and Ad-hoc site visits;
cathode materials and Privacy Protection Product Quality and
partners Academic seminars industry exhibitions anode materials Safety Workplace Safety Occupational exchange meetings and industry training.Risk Response Measures Health and Safety
Press releases and social media communications;
Non-governmental R&D and Innovation Product Quality Energy conservation and emission reduction
For high-risk areas in environmental and social aspects we adopt the following measures for timely intervention and risk avoidance. Community organizations charitable and Safety Economic Performance activities;
Supply Chain Greening: The Company signs sustainability agreements with suppliers requiring them to gradually reduce carbon emission the public organizations social Philanthropy and Volunteerism Pollution control and treatment;Community development projects;
intensity starting from ????. For enterprises that breach the "red lines" of the sustainability agreements (MEGMEET’s Code of Conduct for organizations and the media Community Engagement and Charitable donations;
Sustainable Business Conduct) an“ access prohibition mechanism” shall be implemented. mainstream media Development Social welfare programs.Overseas Compliance Management: The Company has established environmental management systems at manufacturing bases in
Thailand India and other countries and reduces cultural conflicts and community risks through localized operations.MEGMEET declares that it strictly abides by the principles of the Responsible Minerals Initiative (RMI). The Company conducts due diligence
on the use of conflict minerals in the supply chain by adopting the Conflict Minerals Reporting Template (CMRT) and completes and submits Investor Relations Management
the template in accordance with customer requirements. The Company attaches great importance to investor relations management. It maintains communication with investors through multiple channels
The Company firmly refuses to procure or support the use of any conflict minerals that directly or indirectly fund or support regions affected including its official website new media platforms telephone fax email investor education bases China Investor Network as well as platforms
by armed conflicts. The Company conducts audits on suppliers’ use of conflict raw materials every two years. operated by stock exchanges and securities registration and settlement institutions. Communication activities include general meetings of sharehold-
ers investor briefings roadshows analyst meetings on-site reception and seminars so as to ensure convenient and efficient communication and
promptly remove communication barriers.
21 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 22Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Since its listing the Company has taken the Securities Department as the dedicated communication window to maintain active interactions with
investors through various channels including general meetings of shareholders on-site investigations investor hotlines online performance briefings ? Double Materiality Assessment
and the Interactive Easy Platform. Special personnel are assigned to maintain relevant platforms to ensure timely and effective communication. A
dedicated“ Investor Relations” column has been set up on the Company’s official website for releasing announcements and visitor reception arrange-
ments and timely responding to investor inquiries on the Interactive Easy Platform. Identification and Analysis of Topics
The Company strictly conducts information disclosure in accordance with the principles of truthfulness accuracy completeness timeliness and
fairness. It fulfills mandatory disclosure obligations in accordance with laws and regulations conducts voluntary disclosure properly continuously Combined with the characteristics of its industry and business operations MEGMEET identifies material topics that will exert significant impacts on
improves the quality and transparency of disclosure treats all investors fairly and safeguards investors’ right to know. the Company’s business model operations development strategy financial position operating results cash flow financing methods and financing
The Company’s independent directors and supervisors actively monitor the Company’s operations financial conditions and internal control status costs in the short medium and long term. It also assesses whether the Company’s performance on relevant topics will generate substantial economic
effectively supervise the operation of the internal control system promote the steady development of the Company and earnestly safeguard the social and environmental impacts.interests of the Company and all shareholders especially minority shareholders. MEGMEET’s ESG Management System Construction Committee fully understands the Company’s activities and business relationships is familiar with
relevant laws regulations and regulatory policies analyzes industry standards and media trends and develops a stakeholder map.Taking into account
Principle of Compliance the Company’s industry characteristics development stage proprietary business model and value chain position the Committee identifies topics of
financial materiality or impact materiality and continuously optimizes and updates the material topic list.Investor relations management of listed companies shall be carried out on the basis of performing information disclosure obligations in
accordance with the law and shall comply with laws administrative regulations rules normative documents industry standards self-regulato- The Committee conducts materiality assessment on all identified topics and invites stakeholder experts to participate in the assessment.Impact
ry rules internal rules and regulations of the Company as well as ethical norms and codes of conduct generally observed in the industry. materiality of topics is evaluated mainly from four dimensions: scale scope irreversibility and likelihood. Financial materiality is judged primarily
based on two aspects: probability of occurrence and degree of financial impact.The Committee sets reasonable thresholds for impact materiality and
Principle of Equality financial materiality respectively and finally forms an integrated result of impact materiality and financial materiality.When conducting investor relations management activities a listed company shall treat all investors equally and in particular create opportuni-
ties and facilitate participation for minority investors. Results of Material Topic Analysis
Principle of Initiative high
Product and Service Safety and Quality
A listed company shall proactively carry out investor relations management activities listen to investors' opinions and suggestions and respond
to investors' demands in a timely manner. Social Contribution
Addressing Climate Change
Pollutant Emissions
Innovation-driven
Principle of Good Faith Stakeholder Communication
Waste Disposal Energy Utilization
Data Security and Customer Privacy Protection Supply Chain Security
In investor relations management activities a listed company shall uphold integrity adhere to bottom-line requirements operate in a standard- Environmental Compliance Management
ized manner fulfill its responsibilities and foster a sound and healthy market ecosystem. Ecosystem and Biodiversity Protection
Employee
Board Communication
Water Resource Utilization
Equal Treatment of Small and Medium-sized Enterprises Due Diligence Anti-unfair Competition
Circular Economy
Anti-commercial Bribery and Anti-corruption
Technology Ethics
Industrial Cooperation and Development
low Financial Importance to Megmet high
Environmental Issues Social Issues Governance issues
Impactful but not financially significant Have financial importance Issues that are both financially important
but not impact importance and impact-significant
It has neither financial importance nor impact importance.Based on the Company’s internal actual conditions and material topics disclosed in peer industry reports the Company’s ???? double materiality
assessment results identify“ Product and Service Safety & Quality”“ Climate Change Adaptation”“ Innovation-driven Development”“ EnergyCNINF webside screenshot--Megmeet Investor Research Record Utilization” and“ Pollutant Emissions” as its core priority topics (i.e. topics with both financial materiality and impact materiality). The Company will
continuously attach importance to these topics in sustainable development management and make key disclosures thereon in this report
During the reporting period Shenzhen Megmeet Electrical Co. Ltd. held a total of ? investor online research and communication sessions through As the Company’s business does not involve scientific research and technological development activities in technology-sensitive fields such as life
both online and offline channels. At the sessions the Company’s senior management gave a detailed introduction to the Company’s operation and sciences the Company identifies“ Science and Technology Ethics” as a non-material topic. In accordance with the guidelines of the Shenzhen Stock
management and conducted in-depth communications with investors regarding the Company’s development new business expansion and other Exchange no disclosure shall be made thereon..issues of concern to investors.
23 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 24
Importance to Economic Social and Environmental ImpactsCompliance Foundation Green Manufacturing
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MEGMEET’s Sustainable Development Strategy
? Sustainable Development Management Based on power electronics and relevant control technologies MEGMEET continues to increase R&D investment. The proportion of R&D expenses in
current operating revenue has remained at around ??% for ten consecutive years. The Company pursues both organic growth and external expansion
continuously optimizes platform construction promotes the integration of marketing platforms and translates core technologies into product
In establishing its sustainable development governance structure MEGMEET integrates objectives of each ESG dimension into strategic decision-mak-
advantages across multiple fields.ing organizational processes and daily operations of the Company forming a top-down systematic management closed loop. Led by the Board of
Directors the Company clarifies governance responsibilities and strategic objectives builds a multi-level implementation network develops Meanwhile the Company emphasizes multi-polar growth and risk balancing strives to balance the scale and development trend of each business
standardized management tools and strengthens supervision and incentive mechanisms. segment and avoids operational risks arising from cyclical fluctuations of a single product line.As a high-tech enterprise the Company attaches great importance to the development of its R&D system continues to build R&D platforms launch
new products strengthen internal operation management and focuses on the research and development of new technologies new products and
Decision-making Level Responsible for the overall operation of the ESG new businesses.Chairman of ESG
Management System Construction Committee and
Management System In view of the characteristics of high technical barriers and accelerated technological iteration in the power electronics industry as well as the Oversees the assessment of the Company’s ensures the availability of resources required for the
sustainable development impacts risks and Construction Committee demands during the critical period of the Company’s market expansion the Company will further strengthen R&D efforts in the future form a positive
opportunities; guides and reviews the sustainable and effective operation of the Committee. cycle of R&D ? Technology ? Business ? Platform and enhance its core competitiveness.Company’s sustainable development policies
Ensures the Committee has access to required In response to the intensifying domestic industrial competition the Company regards accelerating overseas layout and expanding overseas markets strategies and objectives; regularly monitors the Advisor of ESG
progress and completion of sustainable professional resources participates in senior manage- as a key strategy. Following more than a decade of forward-looking layout MEGMEET has established a global multi-node network integrating R&D Management System
development goals; and approves the ment interviews and provides professional suggestions manufacturing and sales. Relying on cost-effective products rapid response and high-quality services the Company has gained a firm foothold in Construction Committee
Company’s Sustainable Development Report. to support the Committee’s operation. overseas markets with the proportion of overseas customer demand and operating revenue increasing year by year.At present the Company has obtained overseas certification qualifications in multiple fields including inverter home appliances and medical power
Responsible for communicating with service providers supplies. In the future the Company will seize global market opportunities allocate production capacity and market resources pursue in-depth Management Level
formulating ESG work plans organizing internal staff to cooperation with international leading customers and expand its global market scale.Manages material issues; determines and complete annual ESG data collection and assisting in
administers costs and resources (including Executive Director & the compilation and smooth disclosure of the ESG Priority Material Topic List Reflection of Financial Materiality
personnel and technology) allocated for Deputy Executive Director Report. Cooperates with service providers to complete Product Safety & Quality Climate Change It directly affects the Company’s operational safety rigid cost identifying mitigating managing and of ESG Management MEGMEET’s quantitative performance indicator manual High Materiality Adaptation Innovation-driven Development expenditures market access and core competitiveness and exerts monitoring sustainable development for ESG performance management appoints responsible Energy Utilization Pollutant Emissions significant financial impacts on operating revenue profits
impacts risks and opportunities; formulates System Construction compliance risks and long-term valuation.sustainable development work plans Committee personnel for each ESG module develops work
incentive and assessment systems and guidelines and standardized processes and ensures the Employees Environmental Compliance It is mainly related to operational efficiency supply chain
handles other sustainable development-relat- sound operation of the Company’s ESG management Management Circular Economy Anti-commercial stability internal control risks and customer trust and exerts
ed matters. system. Medium Bribery & Anti-corruption Stakeholder Communi- important impacts on cost control business continuity and cation Data Security & Customer Privacy compliance management yet does not directly determine the
Protection Waste Disposal Supply Chain Security success or failure of short-term operations.Executive Level Anti-unfair Competition Industrial Cooperation & It has limited impacts on short-term financial performance and General Development Social Contribution Due Diligence core operational indicators focusing mainly on long-term social
Participates in the annual data collection for Equal Treatment of SMEs Ecosystem and responsibility and ecological value indirect brand value
Coordinates the compilation of the Executive Member disclosure of corresponding ESG modules takes part Biodiversity Protection enhancement and risk prevention.Sustainable Development Report; undertakes of ESG Management in ESG module management planning and develops
sustainable development management data System Construction
statistics and analysis; implements sustain- standardized templates and processes to facilitate Committee
able development work plans; and regularly smooth daily data collection and supervision. ? Anti-commercial Bribery and Anti-corruption
reports work results to the Management
Level.Management of Commercial Bribery and Corruption
To ensure relevant personnel possess sufficient professional skills and capabilities MEGMEET employs professionals with backgrounds in sustainable
MEGMEET strictly complies with national laws regulations and guidelines including the Criminal Law of the People's Republic of China and the
development formulates training programmes to enhance the sustainable development competencies of management staff and invites senior
Interim Provisions on Prohibiting Commercial Bribery. The Company has formulated and implemented internal management systems including
industry experts to deliver training on the latest ESG policies development trends and best industry practices.Regulations on Investigation and Punishment of Violations of Discipline and Regulations Measures for Administration of Sensitive Positions and
The Company convenes meetings of the ESG Committee on an annual basis to review the achievement of objectives and adjust strategies ensuring Code of Conduct for Procurement and Procurement-related Businesses.It adheres to anti-corruption and integrity initiatives imposes severe
that sustainability-related impacts risks and opportunities are incorporated into the Company’s strategy. Key progress is submitted to the Board of penalties on illegal and irregular acts and ensures the integrity and standardization of corporate operations.Directors for deliberation.All new employees shall sign an Integrity Commitment with the Company upon employment. In case of any violation the Company will impose strict
The Board of Directors oversees the Company’s sustainability-related impacts risks and opportunities by approving strategies assessing risks setting penalties including termination of employment without compensation or referral to relevant national authorities for disposal.objectives supervising implementation and reviewing performance.During the reporting period MEGMEET had no major incidents of commercial bribery or corruption nor any termination of cooperation with business
partners or investigations and penalties imposed by competent authorities.The Company adheres to the fundamental principle of zero tolerance for corruption bribery and major fraud. It has established multiple efficient and
accessible reporting channels including telephone letter email and in-person reporting as follows:
25 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 26Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
The Company’s Commission for Discipline Inspection conducts supervision work in accordance with the principles of confidentiality protection
seeking truth from facts legality and compliance avoidance of interest conflicts integration of supervision & inspection with work improvement and
appealability.Multiple efficient and Internal EIP Intranet of Severe penalties shall be imposed on violations of discipline and regulations in accordance with relevant provisions including warning demotion the Company Suggestion Feedback Email
accessible reporting channels qywh@megmeet.com post adjustment salary and year-end bonus deduction. For cases with serious circumstances relevant personnel shall be referred to judicial authori-
Direct Feedback Platform section; ties for criminal liability investigation.The Company emphasizes the importance of anti-corruption and integrity construction advocates employees to abide by relevant rules voluntarily
safeguards the Company’s reputation and image and provides solid guarantee for the Company’s sustainable development.Message function on the official Offline Suggestion Boxes
Anti-corruption Reporting Email WeChat Official Account located in public areas of each
compliance@megmeet.com regional office of the Group
MEGMEET麦米电气 (such as reception desks and lounge areas). ? Anti-Unfair Competition
Employees may submit feedback through any of the above channels. Upon receipt of feedback the Company will assign it to the relevant departments In accordance with laws and regulations such as the Anti-Unfair Competition Law Anti-Monopoly Law and Regulations on the Protection of Trade
for handling and follow up to complete a closed-loop management within the prescribed time limit. After disposal the relevant departments will Secrets MEGMEET has incorporated anti-unfair competition clauses into the Provisions on Investigating and Penalizing Violations of Rules and
feedback the handling results to the submitter and issue announcements to publicize the results and improvement measures as required. Discipline Employee Handbook and Supply Agreement thereby extending compliance management across the entire value chain. Our company
The Company undertakes to keep all feedback channels unobstructed at all times respond promptly to and follow up on all reportable matters until explicitly prohibits unfair competition practices including false advertising commercial bribery monopoly agreements and infringement of trade
issues are satisfactorily resolved. secrets.Our company has established a Discipline Inspection Committee responsible for formulating and supervising the implementation of anti-unfair
competition policies coordinating the full-cycle management of risk identification whistleblowing investigations and corrective actions and
Reward Mechanism Report anonymously reporting regularly to the Board of Directors. Our company has also established a normalized risk prevention and control mechanism and conducts
The Company will grant corresponding material or spiritual annual risk assessments of the market competition environment to accurately identify high-risk scenarios such as false advertising price manipula-
rewards to employees who report serious violations and whose The Company also supports anonymous reporting. Any true and tion and data theft. In parallel our company carries out rigorous compliance reviews of marketing and promotional activities tendering and bidding
reports are verified so as to encourage employees to participate in reliable information provided may be used as a basis for
supervision actively and jointly maintain a sound operational documents and technology cooperation agreements while implementing a dual-review mechanism to ensure that all content is truthful compliant
environment of the Company. investigation. lawful and valid.To facilitate case investigation and reward meritorious
whistleblowers the Commission for Discipline Inspection
advocates real-name reporting. Management Measures
Anti-retaliation Policy Protection Measures Prevention of All external publicity materials of MEGMEET are subject to joint review by the legal department and technical department to ensure that descriptions relating to product performance qualification certifications and
The Company strictly prohibits retaliation in any form. Once it is The Company has formulated rigorous protection measures alse Advertising other claims in advertisements and promotional materials are factual.found that any employee suffers unfair treatment or retaliation including but not limited to identity confidentiality job transfer
due to reporting the Company will conduct severe investigations and legal assistance to ensure the safety and legitimate rights
and interests of whistleblowers. Anti-Monopoly and MEGMEET implements pricing controls and has issued relevant policies prohibiting price alliances or and impose penalties and provide strict legal protection for Fair Competition market-sharing agreements with competitors.whistleblowers.We require departing employees to sign the Confidentiality Commitment Letter undertaking to keep
relevant technologies and commercial secrets confidential. Employees who infringe upon our company’s
Protection of trade secrets are subject to dismissal and those whose conduct constitutes a criminal offense will be
Supervision of Commercial Bribery and Corruption Trade Secrets transferred to judicial authorities for criminal liability. We also require suppliers to sign the Confidentiality Agreement and conduct regular supplier information security audits during the cooperation period thereby
effectively managing information security across the supply chain.MEGMEET Commission for Discipline Inspection is the primary organization
responsible for supervision and inspection. It supervises and inspects the MEGMEET has established anonymous reporting channels including email and messages via its official
compliance of all business entities functional platforms and various Whistleblowing WeChat account. While ensuring that reporting channels remain accessible our company also protects
business activities of the Group with laws and regulations oversees the Mechanism whistleblowers’ privacy and initiates investigation procedures within ?? hours after reported materials are
standardized implementation of the Group's rules and regulations handles substantiated.violations of discipline and regulations identified through internal and
external reports or supervision and safeguards the interests of the Group Disciplinary In accordance with the Provisions on Investigating and Penalizing Violations of Rules and Discipline our
Mechanism company imposes strict penalties on violators including warnings demotion reassignment and deductions from infringement.for Violations from wages and year-end bonuses. In serious cases matters are transferred to judicial authorities for
For suspected violations of discipline and regulations a special investiga- criminal liability.tion team shall be established to conduct investigations and implement
disposal measures in accordance with investigation results. Cases involving
illegal acts shall be referred to relevant judicial authorities for disposal. Integrity Pledge Ceremony During the reporting period the number of litigation cases or major administrative penalties arising from unfair competition practices by our company was zero.
27 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 28Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Green Manufacturing
Zero-Carbon Future
Guided by the philosophy of“ technology-driven green future” MEGMEET
deeply integrates environmental responsibility into the entire value chain
including product R&D production and operations and supply chain
management and continuously advances the low-carbon transformation
of the electrical industry. By increasing the use of renewable energy and
promoting the R&D of innovative green technologies our company reduces
environmental impacts. Our company will continue to deepen break-
throughs in zero-carbon technologies and leverage technology to support
the optimization of the global energy mix and ecological protection.Relevant SDGs
Topics Covered in This Chapter
Climate Change Response Energy Utilization Green Operations Water
Resource Management Environmental Compliance Management Circular
Economy and Ecosystems and Biodiversity Conservation.?、Climate Change Response ??
?、Energy Utilization ??
?、Green Operations ??
?、Water Resource Utilization ??
?、Environmental Compliance Management ??
?、Circular Economy ??
?、Ecosystem and Biodiversity Protection ??
29 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 30Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
? Climate Change Response Network for Greening the Financial System (NGFS): Orderly Network for Greening the Financial System (NGFS): Hot Climate Scenario pathway consistent with limiting warming to within ?.?°C House World
Governance Nationally Determined Contributions scenario and Description Net Zero ???? scenario and Below ?°C scenario. Current Policies scenario.Upholding the core vision of“ Technology for a Greener Future” MEGMEET deeply integrates climate change response into its top-level strategic
design. Following deliberation by the Group’s leadership and approval by the Chairman our company officially established the Group ESG Committeeand with it as the core built a three-tier climate governance structure featuring“ overall oversight by the Board of Directors management driven by The following climate risk assessment covers MEGMEET’s entire value chain and identifies and assesses risks across three time horizons—short termthe ESG Project Committee and implementation advanced by the execution level.” Under this structure the ESG Project Committee is responsible for (within one year after the end of the ESG reporting period) medium term (one to five years after the end of the ESG reporting period) and long term
formulating climate strategies and reviewing implementation progress. The Committee Director takes overall leadership in the identification and (more than five years after the end of the ESG reporting period)—using high medium and low ratings.prioritization of climate-related risks and opportunities target setting and budget coordination while also innovatively linking senior management
remuneration to climate indicators and introducing external experts and think tanks to support decision-making. Meanwhile the dedicated ESG
support group focuses on the concrete implementation and high-quality delivery of the climate blueprint. At the same time our company continuous- Climate Identification and Assessment (Risks and Opportunities)
ly strengthens the climate-related expertise of both the decision-making level and the management level ensuring that the green technology strategy
is efficiently translated into tangible emission reduction results through a top-down governance mechanism and the joint empowerment of internal
Climate Risk and
and external expertise. Opportunity Category Risk and Opportunity Description Affected Value Chain Time Horizon
Strategy Rising compliance costs and trade barriers:
· Global carbon disclosure regulations are becoming more Upstream
Our company continuously monitors global climate policy trends and regulatory requirements. Leveraging the Group ESG Committee and in light of Policy and Legal stringent increasing compliance management costs. Own Operations
Short to
Medium Term
mainstream climate scenario analysis and actual business operations our company identifies assesses and responds to the physical and transition · The implementation of international carbon tariffs such as Downstream
risks arising from climate change while accurately capturing market opportunities brought about by green technological innovation. On this basis the EU CBAM and the new Battery Regulation may increase export product costs and restrict market access.our company has formulated and dynamically optimized its“ dual-carbon” action roadmap fully integrating climate strategy into business develop-
ment planning with the aim of enhancing climate resilience through technology and achieving coordinated progress in sustainable business growth Pressure from investment in low-carbon technology R&D:
and low-carbon transition.Technology · To maintain competitiveness substantial increases in Own Operations Short to
capital expenditure on the R&D of low-carbon products Medium Term
Climate-Related Risks and Opportunities and processes are required.To systematically assess the potential impacts of different climate pathways on the Group’s operations and financial performance this report selects Transition Risk Rapid shifts in market demand preferences:
the“ RCP?.?” and the“ RCP?.?” recommended by international research institutions for physical risk analysis and examines how physical and · Customers’ willingness to pay a premium for low-carbon
transition risks under these scenarios may affect the Group’s operations and assets. With respect to physical risks MEGMEET focuses on the impacts products is highly volatile increasing the difficulty of Own Operations Medium to
of acute and chronic risks under the RCP?.? emissions scenario. With respect to transition risks and opportunities the analysis focuses on the RCP?.? Market demand forecasting. Downstream Long Term
Scenario. · The market share of traditional high-carbon products
may shrink while accelerated technological iteration
may increase the risk of inventory impairment.Physical Risks Risk arising from gaps in stakeholder expectations:
Reputation · If climate action progress lags behind science-based
Downstream Medium to
Climate Scenario RCP?.? (IPCC) RCP?.? (IPCC) targets (SBTi) or public expectations it may result in
Long Term
reputational damage and higher financing costs.A scenario characterized by very low greenhouse gas A scenario with no government intervention under
Scenario concentrations requiring carbon dioxide emissions to which greenhouse gas emissions continue to rise Impacts of extreme weather events： Upstream
Description decline from ???? onward and reach net negative levels throughout the ??st century resulting in continuously Acute · Typhoons heavy rainfall and floods may lead to factory Own Operations Short Term
before ????. increasing atmospheric greenhouse gas concentrations. shutdowns logistics disruptions raw material damage Downstream
and delivery delays.Transition Risks and Opportunities
Physical Risk
Long-term shifts in climate patterns:
International Energy Agency (IEA): Sustainable International Energy Agency (IEA): Stated Policies
Climate Scenario · Rising sea levels may threaten coastal bases forcing
Development Scenario (SDS) Scenario (SPS) relocation or causing asset impairment.Chronic Own Operations Long Term· Prolonged high temperatures may reduce equipment
A pathway under which the global energy sector operating efficiency and increase cooling energy
A scenario in which countries maintain existing policies
Description achieves net-zero emissions by ???? while limiting global consumption as well as employee health risks.and announced policies without change.warming to within ?.?°C.
31 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 32Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Four Key Action Areas
Improved operational energy efficiency and cost savings:
Low-Carbon Supply Chain Smart Manufacturing and Green TechnologyEmpowerment
· The use of variable-frequency technology and waste heat Green Product Innovation
Resource recovery can significantly reduce electricity consump- Short to Collaboration and Governance Across the Full Life Cycle Energy Efficiency Improvement and Solution Output
Efficiency Own Operationstion. Medium Term
· Build a full-chain carbon
· Process optimization can reduce waste and improve · In the fields of smart home · Promote the upgrading of green
· Leverage the advantages of power
management system covering
output per unit of production capacity. appliance control systems and factories into“ zero-carbon”
products and industrial
power products precision new energy transportation factories and achieve deep automation technologies to
connections and core compo- implement a“ green by design” energy savings in production provide integrated energy
Surging demand for low-carbon solutions: nents and incorporate carbon strategy to reduce embedded processes through full-process
efficiency management and
performance into supplier tiered carbon through lightweight energy efficiency optimization. carbon reduction solutions for
· Power Products: Market demand for high-efficiency management and tendering and modular and long-life design. high-energy-consuming
high-density green power products is rising rapidly. bidding systems. · Expand the use of green industries.· Establish a Product Carbon electricity and distributed energy
· Industrial Automation: Customers urgently require · Promote carbon reduction in key · Accelerate upgrades to energy
equipment such as frequency converters to retrofit Footprint (PCF) declaration systems combined with energy raw materials by prioritizing efficiency standards in the fields
motor systems for energy efficiency. mechanism to provide traceable storage technologies to make
Own electronic materials and
of new energy transportation and
environmental attribute data for plant energy use more flexible smart home appliances and
Products and · New Energy Transportation: Demand for core compo- Operations Medium to
structural components with lower industrial automation and and low-carbon.Transition Services nents such as electric vehicle parts continues to expand.promote green technological
Opportunity Downstream
Long Term carbon footprints. smart equipment products. · Use digital twin technology to progress across the industry.· Smart Equipment: High-efficiency welding equipment · Optimize global and regional · Explore remanufacturing and simulate and optimize · Rely on smart equipment and
such as digital welding machines is replacing traditional supply chain deployment and use circular economy models and production processes reduce
high-energy-consuming equipment. precision connection technolo-digital means to dynamically carry out recycling and trial-and-error energy consump- gies to help upstream and
· Smart Home Appliances: Electronic control systems for optimize logistics routes and refurbishment businesses for tion and material waste and downstream customers achieve
smart sanitary ware and other smart appliances are warehousing energy efficiency high-value industrial equipment enhance the maturity of green automated intelligent and
evolving toward ultra-low power consumption and thereby reducing Scope ? and power systems. manufacturing. low-carbon transformation in
greater intelligence. emissions. production processes.Access to and expansion in emerging green markets:
· Entry into high-end international supply chains with Impact Risk and Opportunity Management
stringent carbon footprint requirements such as those of Own
Market European and U.S. automakers and leading home Operations
Medium to
appliance companies. Long Term Our company has a profound understanding of the dual impacts brought by climate change and consistently treats climate change as a core manage-Downstream
· Benefiting from the global electrification trend to gain ment issue deeply integrating it into corporate governance and long-term strategy. By identifying physical risks and transition risks in operations and
greater market share in emerging markets. the supply chain our company fully incorporates climate considerations into its overall enterprise risk management system with the aim of building
a sustainable development model with a high degree of adaptability and resilience. Our company has established a closed-loop management mecha-
nism covering“ identification assessment response tracking and supervision” to ensure that relevant risks are measurable controllable and
manageable while also transforming challenges into new drivers of high-quality development. At the same time our company focuses on in-depth
Climate Transition Plan analysis of high-impact factors uses data-driven decision-making to accurately define priorities and formulate targeted response strategies and
achieves deep integration from strategic planning to implementation.Near-Zero-Carbon StrategyTo strengthen future-oriented core competitiveness MEGMEET is carrying out systematic transformation around three pillars:“ Green Supply Chain Climate Risk Response MeasuresCollaboration”“ Deep Decarbonization of Own Operations” and“ Low-Carbonization Across the Full Product Life Cycle.”
Climate Risk Category Risk Event Description Countermeasures
Deep Decarbonization Low-Carbonization Across
Green Supply Chain Collaboration
of Own Operations the Full Product Life Cycle
Rising compliance costs and trade barriers: · Establish a global carbon policy radar mechanism to track· Implement carbon-based market access and · Build clusters of“ zero-carbon · Promote eco-design by conducting life cycle regulatory developments in operating locations and exporttiered management by incorporating carbon factories” by fully benchmarking · Global carbon emissions disclosure regulations are assessment (LCA) of product carbon destinations in real time and formulate compliance
emission data into supplier admission criteria against national zero-carbon becoming increasingly stringent resulting in higher footprints and formulating dedicated response plans in advance.and annual performance assessment systems factory evaluation standards and emission reduction plans; significantly reduce Policy and Legal compliance management costs.and by adopting a“ one-vote veto” or weighted · Deepen carbon management across the entire value chain formulating factory-specific product environmental impact indicators · The implementation of international carbon taxes
assessment mechanism. decarbonization roadmaps. by implementing carbon footprint accounting and emission through the substitution of green materials such as the EU CBAM and the new Battery reduction throughout the full process from raw material
· Establish an end-to-end carbon traceability Deploy distributed photovoltaic and structural optimization.systems at core bases to Transition Regulation leads to higher export product costs and procurement to manufacturing thereby reducing system by collaborating with key suppliers to
enable carbon footprint traceability for core significantly increase the share of
· Enhance modularity and repairability in Risk restricted market access. embedded carbon to address carbon taxes.product design to extend service life thereby
raw materials such as copper steel and renewable energy used in plants. reducing unit use cost and carbon emission
plastics; promote product carbon footprint · Deepen digital and intelligent intensity across the full life cycle. · Implement an open innovation strategy by jointly
disclosure by Tier-? suppliers and progressively transformation by fully deploying Pressure from investment in low-carbon
· Build a circular economy closed loop by establishing laboratories with universities and research extend this to Tier-? suppliers. Energy Management Systems technology R&D:
improving reverse logistics and recycling institutes to share the risks and costs of frontier low-carbon
· Optimize procurement deployment to reduce (EMS) introducing automated
production lines and AI-driven systems and embedding the concepts of Technology · To maintain competitiveness substantial
technology R&D.logistics emissions implement a localized “easy disassembly” and“ recyclability” at the · Establish a dedicated green R&D fund to ensure sustained
sourcing strategy shorten transportation energy-efficiency optimization increases in capital expenditure on the R&D of
algorithms and achieving refined design stage to maximize resource recovery distances to reduce Scope ? emissions and low-carbon products and processes are required. capital investment with a focus on breakthroughs in key
support regional economic development. process control and improved
and reduce environmental burdens. technologies such as high-efficiency power supplies and
green efficiency. lightweight connections.
33 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 34Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Rapid shifts in market demand preferences: · Build an agile market insight system to analyze customers’ · Smart Equipment: High-efficiency welding
· Customers’ willingness to pay a premium for carbon preferences through big data and dynamically
equipment such as digital welding machines is
low-carbon products fluctuates significantly making adjust product portfolios and pricing strategies.replacing traditional high-energy-consuming
equipment.Market demand forecasting more difficult. · Optimize product life cycle management by accelerating
the phase-out of outdated high-carbon products and · Smart Home Appliances: Electronic control · The market share of traditional high-carbon products systems for smart sanitary ware and other smart
is shrinking while accelerated technological iteration reallocating resources toward low-carbon product lines
creates a risk of inventory impairment. with high growth potential.appliances are evolving toward ultra-low power
consumption and greater intelligence.Transition · Strengthen transparent communication mechanisms by
Risk regularly issuing climate action progress reports and Access to and expansion in emerging · Obtain internationally recognized carbon certifications green markets:
Risk arising from gaps in stakeholder proactively disclosing target achievement status. such as EPDs and carbon labels to overcome green
expectations: trade barriers.· Actively participate in the formulation of industry · Entry into high-end international supply chains
standards by joining international green supply chain with stringent carbon footprint requirements · Form strategic partnerships with leading global new
· If climate action progress lags behind science-based initiatives and building an image of low-carbon industry Market such as those of European and U.S. automakers energy and smart manufacturing customers to jointly
Reputation targets (SBTi) or public expectations it may result in leadership. and leading home appliance companies. develop green zero-carbon products.reputational damage and higher financing costs.· Establish a reputational risk early warning system to · Benefiting from the global electrification trend · Leverage the green brand image to expand into niche
continuously monitor media coverage and public opinion to gain greater market share in emerging markets with strong demand for sustainable
and respond promptly to stakeholder concerns. markets. development.· Improve infrastructure resilience by strengthening flood
prevention and drainage facilities at plant sites and Metrics and Targets
equipping them with emergency backup power supplies
and temperature control systems. Building on the foundation of climate resilience and green transformation our company closely aligns its carbon reduction actions with the global
Impacts of extreme weather events: · Establish a diversified logistics network by planning temperature control goals of the Paris Agreement and is committed to achieving greenhouse gas emission reductions through a scientific
· Typhoons heavy rainfall and floods may lead to multimodal transportation alternatives and dynamically transparent and verifiable pathway. To this end our company officially joined the Science Based Targets initiative (SBTi) and formulates its emission
Acute factory shutdowns logistics disruptions raw adjusting logistics routes and shipping schedules based reduction strategy in strict accordance with its methodology. On May ?? ???? our company’s near-term science-based targets were officially
material damage and delivery delays. on weather warnings. validated by the SBTi. With ???? as the base year the specific commitments are as follows:
· Improve emergency response mechanisms by
Physical Risk establishing safety stock buffer pools and regularly
conducting special emergency drills and company-wide Scope ? and Scope ? (operational emissions)
training for extreme weather events. The achievement of this target marks By ???? absolute emissions will be reduced by ??%
compared with the base year; the translation of our company’s
· Integrate climate scenarios into investment ambition to limit global warming to
decision-making by mandating stress testing for sea level within ?.?°C into concrete and
Long-term shifts in climate patterns: rise and high-temperature scenarios in the evaluation of Scope ? (value chain emissions) quantifiable action guiding the
· Rising sea levels may threaten coastal bases new plant sites or mergers and acquisitions. By ???? emissions intensity (carbon emissions per RMB enterprise toward a low-carbon future.forcing relocation or causing asset impairment. · Implement adaptive technological upgrades by ??? million of value added) will be reduced by ??.?%
Chronic compared with the base year.· Prolonged high temperatures may reduce upgrading equipment heat dissipation systems and
equipment operating efficiency and increase optimizing work scheduling during high-temperature
cooling energy consumption as well as periods to safeguard employee health and production To effectively advance the implementation of its carbon reduction targets our company has established greenhouse gas emissions intensity as a
employee health risks. efficiency. core performance indicator and prepared the Carbon Reduction Pathway Planning Report which is oriented toward achieving the SBTi
science-based targets and is expected to be officially released in ????.· Build internal“ zero-carbon factory” benchmarks by
comprehensively benchmarking against national To ensure the credibility of carbon data our company engaged a third-party professional institution to conduct a Group-wide greenhouse gas
zero-carbon factory standards and developing model inventory. The accounting work was carried out in strict accordance with the GHG Protocol and followed the Operational Control Approach in
Improved operational energy efficiency bases within the Group.and cost savings: defining organizational boundaries. At the same time our company established a rigorous hierarchical mechanism for handling missing data:
· Deploy digital energy management systems to monitor
Resource · The use of variable-frequency technology and waste first-priority is given to obtaining primary raw data through supply chain collaboration while for data gaps that cannot be obtained statistical energy consumption data in real time and use AI
Efficiency heat recovery can significantly reduce electricity methods such as regression analysis and mean mode or median imputation are scientifically applied to estimate the missing values thereby algorithms to automatically optimize equipment
consumption. operating parameters. comprehensively ensuring the completeness and accuracy of the inventory results.· Process optimization can reduce waste and improve · Build a distributed clean energy system by scaling up
output per unit of production capacity. investment in rooftop photovoltaic and energy storage Indicator Unit ???? ???? ????
Transition projects to increase the share of green electricity used.Opportunity Total greenhouse
tCO?e ??，???，???.?? ??，???，???.?? ????????.??Surging demand for low-carbon solutions: gas emissions· Launch a full series of green product portfolios by
Total Scope ? greenhouse
· Power Products: Market demand for high-efficiency developing flagship products with industry-leading tCO?e ?，???.?? ???.?? ????.??high-density green power products is rising rapidly. energy efficiency ratings for each business segment.gas emissions
· Industrial Automation: Customers urgently require · Obtain green product certifications by completing carbon Total Scope ? greenhouse
as emissions tCO?e ??，???.?? ??，???.?? ?????.??Products and equipment such as frequency converters to retrofit footprint verification and Environmental ProductServices motor systems for energy efficiency. Declarations (EPDs) for major products thereby Total Scope ? greenhouse tCO?e
· New Energy Transportation: Demand for core enhancing profitability through green premiums. gas emissions ??，???，???.?? ??，???，???.?? ????????.??components such as electric vehicle parts Greenhouse gas tCO?e/RMB ten thousand
continues to expand. emissions intensity of Operating Revenue ??.?? ??.?? ??.??
35 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 36Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Energy shortages may lead to higher energy costs
Depletion of increase our company’s energy procurement This will affect our company’s financial performance from the revenue side.At
? Energy Utilization energy costs and affect product manufacturing and Long Termresources market supply. In severe cases they may even present no significant financial impact has
result in production suspension. occurred.Risk
Governance Energy supply interruption This may affect our company’s product This will affect our company’s financial
caused by manufacturing and the supply of raw materials in
Medium
to Long performance from the cash flow side.At
natural the supply chain. In severe cases it may even Term present no significant financial impact Our company strictly complies with laws regulations and standards such as the Energy Law of the People's Republic of China Energy Conservation disasters result in production suspension. has occurred.Law of the People's Republic of China Renewable Energy Law of the People's Republic of China Measures for Energy Conservation Management
of Key Energy-Using Entities and General Principles for Energy Management of Industrial Enterprises as well as other energy-related laws The government provides partial financial Shortregulations and standards in the locations where it operates globally. Guided by the energy management policy of“ green and low-carbon energy Government subsidies for energy-saving technological MediumThis will affect our company’s financialtransformation projects undertaken by industrial and Long performance from the revenue side.Cur-conservation and efficiency enhancement” our company has established an energy management structure consisting of the“ General Management subsidies enterprises. Term rently it has a slight financial impact.Department (centralized energy management) Procurement Department/Warehousing Department (resource procurement and storage) Technical Opportunity
Department/Production Department (equipment maintenance and process waste reduction) and all employees (implementation of conservation Price advantag- Some of MEGMEET’s plants have built distribut- Short This will affect our company’s financialmeasures).” Our company has formulated the Resource and Energy Management Procedure as an institutional document. Through closed-loop full es brought by ed photovoltaic power generation systems Medium performance from the expenditure
life cycle management of energy consumption covering procurement and storage transmission and metering usage monitoring and statistical renewable reducing purchases of municipal electricity and and Long side.Currently it has a moderate financial energy saving electricity costs. Term impact.accounting our company has clarified benchmarks for equipment energy efficiency control continuously optimized energy utilization efficiency
reduced energy consumption per unit of output value ensured the efficient and orderly implementation of the overall energy management policy
during production and operations and strengthened the safeguard line for the security and reliability of energy supply.During the reporting period our company and its subsidiaries Zhuzhou Electric Hunan Electric and Yihe Sanitary Ware continued to maintain the Impact Risk and Opportunity Management
validity of ISO ????? Energy Management System certification.By advancing energy-saving technological transformation and management optimization our company continuously improves energy utilization
efficiency. With institutional development and capability building as key levers our company has established a full-process energy-saving manage-
ment system and uses management empowerment to support long-term energy conservation and efficiency enhancement.During the reporting period our company and its subsidiaries implemented multiple energy-saving projects. Through energy-saving upgrades
process optimization and the improvement of the energy management system our company continuously enhanced energy utilization efficiency.The following are some of the energy-saving projects carried out:
Adjusted oxygen concentration control parameters for the SMT reflow oven to reduce Annual electricity savings of ??????
nitrogen redundancy while meeting production process requirements thereby kWh is equivalent to reducing carbon
lowering the energy consumption of the nitrogen generator. emissions by ??.?? ton.Shut down one ?? kW air compressor during periods of reduced nighttime gas Annual electricity savings of ?????
consumption to reduce standby and start-stop energy consumption. kWh is equivalent to reducing carbon
emissions by ??.?? ton.Used hot water generated from waste heat recovery of air compressors to meet Annual natural gas savings of ?????
nighttime dormitory water demand reducing the operating time of gas boilers. m? is equivalent to reducing carbon
Energy Management System Certification Energy Management System Certification emissions by ??.?? ton.Certificate of Shenzhen Megmeet Electrical Co. Ltd. Certificate of Yihe Sanitary Ware
Coordinated with the production department to reasonably set nitrogen consumption Annual electricity savings of ??????
reducing nitrogen demand from ??? m3/h to ??? m3/h and lowering the power kWh is equivalent to reducing carbon
consumption of the nitrogen generation system. emissions by ???.?? ton.Strategy
For the Wuyu Park and Changyan Institute office and production areas used residual Annual electricity savings of ?????
MEGMEET continues to advance energy conservation consumption reduction and energy structure optimization. By identifying risks and opportuni- cooling from the pipeline network ?? minutes before the end of the workday to reduce kWh is equivalent to reducing carbon
ties related to energy utilization our company continuously improves its management measures. ineffective operation of air-conditioning systems. emissions by ?.?? ton.Replaced ?? sets of stand-alone air-cooled chillers in the original workshop with an Annual electricity savings of ??????
Risks/Opportunities Specific Description Time Horizon Financial Impact outdoor chilled water system for centralized cooling water supply reducing workshop kWh， is equivalent to reducingambient temperature and air-conditioning load. carbon emissions by ??.?? ton.Government authorities industrial parks
Stakeholders are customers and other stakeholders may impose Short This will affect our company’s financial Implemented zoned lighting control in passage areas and non-operating areas to
Annual electricity savings of ?????
placing higher requirements related to energy conservation and Medium performance from the expenditure reduce unnecessary operating hours and lower lighting energy consumption.kWh is equivalent to reducing carbon
Risk requirements on efficiency improvement carbon neutrality and emissions by ??.?? ton.our company’s and Long zero carbon requiring our company to invest Term side.Currently it has a slight financial energy more financial material and human resources in impact. Built a new air compressor waste heat recovery system to use recovered heat for Annual natural gas savings of ?????
utilization planning and implementing relevant projects. supplying hot water to employee dormitories reducing natural gas consumption. m? is equivalent to reducing carbon
emissions by ??? ton.
37 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 38Compliance Foundation Green Manufacturing Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.
About MEGMEET Powered by Tech Win-WinSteady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
? Green Operations
Use of Clean Energy
To respond to the national call MEGMEET’s wholly owned subsidiary Zhuzhou Electric Green Office
has vigorously developed clean energy and signed a photovoltaic energy management Our company vigorously promotes green office practices continuously optimizes the management and control of energy and water consumption and
contract. Using the idle rooftops of existing factory buildings and office buildings it improves resource utilization efficiency. Yihe Sanitary Ware formulated the document Production Energy Conservation and Emission Reduction
installed photovoltaic panels covering a total area of approximately ????? square Measures. Guided by the philosophy that“ saving means creating value” it has built a comprehensive system for energy conservation and consump-
meters. Power is generated using polycrystalline silicon solar cell technology for tion reduction through full employee participation detailed control and systematic optimization.self-generation and self-consumption with calculated actual annual power generation
reaching ?.??? million kWh. Category Specific Measures
Yihe Sanitary Ware has also actively responded to the Group’s call for green energy Lighting: Turn off lights whenever they are not needed eliminate the use of lights during daylight hours and long-burning lights
transformation and completed a distributed photovoltaic + energy storage project. and use energy-saving lighting fixtures.According to calculations the project achieves energy savings of approximately ?.?? Electricity Air Conditioning:Set temperatures reasonably (no lower than ??°C in summer and no higher than ??°C in winter); do not use air
tons of standard coal per year replacing traditional fossil energy with clean energy and Conservation conditioning when no one is present; keep doors and windows closed when air conditioning is on; and encourage reducing
air-conditioning use by one hour each day.reducing greenhouse gas emissions.Office Equipment: Avoid keeping computers printers photocopiers and other office equipment on standby for extended
periods; reduce standby power consumption; and turn off all power switches before leaving work.Metrics and Targets Water Installed push-type faucets at washbasins in high-traffic areas on the first floor of the office building and in the complete
Conservation machine workshop to avoid excessive faucet opening and continuously running water.MEGMEET actively fulfills its corporate social responsibilities and is committed to becoming a green pioneer in the industry. During the reporting Paper Promote paperless office practices reduce the printing and distribution of paper documents and prioritize the use of DingTalk
period the main energy consumed by our company included direct energy sources such as gasoline diesel and natural gas and indirect energy Conservation email and other methods for communication and approval.sources such as purchased electricity and self-generated photovoltaic power. The Group’s factories track record and publicly report energy Strengthen forklift management in warehousing operations reasonably schedule forklift tasks and achieve integrated
consumption in accordance with RBA certification standards. Fuel dispatching.Conservation
The direct energy sources within the scope of our company include: Formulate annual forklift maintenance plans perform timely maintenance and reduce vehicle failures.Type of Direct Energy Office Cost Select appropriate suppliers for spare parts and consumables procure high-quality and cost-effective spare parts and reduce
Savings procurement costs.Natural gas Gasoline Diesel Strengthen repair and reuse practices by repairing faulty equipment for continued use whenever possible tapping potential and Equipment improving efficiency.Optimization
and Repair/
Energy Utilization Scenarios Optimize equipment layout upgrade to high-efficiency equipment establish a process control system and improve energy Recycling utilization efficiency.Energy Utilization Scenarios Operation of company-owned vehicles Operation of company-owned vehicles
Green Buildings
Photovoltaic self-generation Purchased electricity Operation of backup diesel generators
MEGMEET’s Changsha Intelligent Industrial Center
Manufacturing Manufacturing selected aerogel a highly efficient energy-saving material.This material has an extremely low thermal conductivity
Our company has established systematic energy management measures and supervision mechanisms. Through feasibility studies and analysis our and its insulation performance is ? to ? times better than
company sets annual quota targets and uses assessment mechanisms to promote green production and eliminate resource waste. At the same time that of traditional materials. It can effectively block heat
certain equipment with high energy consumption and serious waste is upgraded and retrofitted to achieve low-carbon economic development. transfer between the interior and exterior of buildings
thereby significantly reducing overall energy consump-
According to data collection and statistical results the indicators related to the total energy consumption of our company and its affiliated tion. At the same time aerogel offers excellent fire
institutions/factories during ????????? are as follows: resistance a long service life strong hydrophobic proper-
ties and is not prone to settling or decomposition. While
Indicator Unit ???? ???? ???? meeting summer insulation requirements it also address-
Total electricity es winter heat preservation needs.consumption MWh ??，???.?? ??，???.?? ??????.??Photovoltaic power Yihe Sanitary Ware a subsidiary of MEGMEET engaged a professional lighting design team to carry out special-
consumption MWh ?，???.?? ?，???.?? ????.?? ized design and construction for the lighting and control systems of the injection molding workshop. TheMunicipal electricity injection molding workshop and mold workshop both adopted no-wiring kinetic switches which require
consumption MWh ??，???.?? ??，???.?? ?????.?? neither batteries nor wiring. Combined with an intelligent system they enable one-touch on-demand lightingactivation for the entire workshop namely scene control. In the future the system can be further upgraded to
Comprehensive energy
consumption tce ?，???.?? ?，???.?? ?????.?? intelligent scene control and one-touch scene functionality has already been deployed on the east side of theinjection molding workshop. Based on actual production needs management personnel can preset lighting
Comprehensive energy kgce per RMB ten thousand
consumption intensity of Operating Revenue ?.?? ?.?? ??.?? scenarios through a mobile app effectively reducing energy waste while ensuring lighting requirements are
met.
39 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 40Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Green Design R??? Automotive Thermal Management System
Yihe Sanitary Ware was awarded the title of“ Industrial Product Green Design Demonstration Enterprise” by the Ministry of Industry and Information
Technology. Our company continues to promote green product development and eco-design actively applies digital information management MEGMEET's heat pump thermal management system utilizes R??? (CO2) refrigerant a natural and
platforms and has built photovoltaic power stations and energy storage stations. Water used in the testing system has achieved ???% recycling and environmentally friendly working fluid. The CO2 refrigerant features zero ODP (Ozone Depletion
reuse. At the same time by leveraging the PLM and PMS systems to optimize product structures and process layouts our company has effectively Potential) aligning with the environmental requirements of the Kigali Amendment. The system
reduced raw material losses during the production process and successfully developed water-saving and energy-saving products that meet Grade ? operates efficiently within an ambient temperature range of -??°C to ??°C. While fulfilling the
Water Efficiency and Grade ? Energy Efficiency standards. thermal management demands of both the passenger cabin and the battery system it significantly
extends the driving range of electric vehicles during winter conditions. From a full lifecycle
perspective the system contributes to the reduction of carbon emissions associated with automo-
Green Product tive thermal management.Product Carbon Footprint ???V/???kW Side Pack Data Center Power Supply
In accordance with standards such as ISO ????? and PAS ???? Zhuzhou
MEGMEET's ???V/???kW Side Pack Server Power Supply is a rack-level high-voltage DC
Electric and Yihe Sanitary Ware have actively advanced product carbon
power distribution system specifically engineered for next-generation AI supercomputing
footprint accounting and certification systematically assessing the
data centers. The core innovation involves consolidating the low-power power supply units
potential impacts of products on climate and the environment through-
traditionally dispersed within individual servers into an independent high-power
out their full life cycles. At present Yihe Sanitary Ware has successfully
high-voltage DC "power sidecar" cabinet that directly powers AI server racks. The product
completed third-party verification of the product carbon footprints for
leverages SiC (Silicon Carbide) devices to achieve a conversion efficiency of ??%. Requiring
its entire factory and Zhuzhou Electric’s photovoltaic module product
only ?U of rack space to support the power demands of a ?MW rack this solution frees up to
(model MS??????HG) has also obtained product carbon footprint
??% of rack space compared to conventional configurations. By minimizing power conver-
certification. Through comprehensive analysis of carbon footprint
sion stages it effectively enhances Power Usage Effectiveness (PUE) and reduces overall
verification results our company focuses on key process stages with
energy consumption.high energy consumption and high emissions and continues to promote
technological upgrading and optimization thereby steadily reducing
the carbon footprint of its products. Intelligent Oil Extraction System
MEGMEET has introduced a high-efficiency energy-saving alternative to traditional high-energy-consumption beam pumping units specifically for the
engineering sector: the Electric Submersible Progressive Cavity Pump (ESPCP) Intelligent Oil Extraction System. Through the redesign and optimiza-
Components for New Energy Vehicles and Charging Pile Systems tion of conventional extraction equipment MEGMEET has developed this system with a footprint of merely ? square meters and a power rating of just
?.? kW. Compared to equipment with equivalent displacement rates this system achieves electricity savings exceeding ??% resulting in a significant
Leveraging decades of expertise in power electronics and industrial control technologies reduction in energy consumption. Furthermore unlike traditional extraction equipment—such as conventional beam pumps or surface-driven
MEGMEET provides highly reliable efficient and cost-effective electrification solutions to more progressive cavity pumps—the ESPCP system eliminates the risk of wellhead leakage offering a distinct advantage in environmentally sensitive areas.than ?? well-known new energy enterprises in China and abroad with cumulative product
supply exceeding ?????? units and covering both new energy passenger vehicle and commer- In later stages the system integrates temperature and pressure monitoring devices along with remote control via a mobile application enabling
cial vehicle segments. Products related to charging piles adopt patented circuits and intelligent operation. It automatically adjusts rotational speed to ensure coordinated supply and extraction within the wellbore maximizing produc-
proprietary processes offering high power density optional liquid cooling and potting process- tion output. This enhances both the flexibility and economic viability of oil recovery representing an innovative practice in digital extraction. Current-
es and compatibility with vehicle charging requirements ranging from ??V to ????V. Through ly the ESPCP Intelligent Oil Extraction System is widely deployed in horizontal wells low-yield wells heavy oil wells sandy wells and deviated wells.high-efficiency products and environmentally friendly processes our company supports the It holds a market share exceeding ??% in the rodless progressive cavity pump extraction segment of PetroChina's Changqing Oilfield facilitating
“dual-carbon” goals and reduces environmental impacts. By improving industrial chain digitalized energy-efficient safe and reliable high-efficiency oil recovery within the petrochemical industry.support and facilitating the widespread adoption of new energy vehicles our company fulfills
its social responsibilities while also promoting the sustainable development of the industry
through patented technology management and control.
（DCDC+OBC）: Integrated Charging System for New Energy Vehicles (DCDC + OBC)
MEGMEET's integrated OBC and DCDC charging series covers a range
of power requirements including ?.?kW ?.?kW and ??kW. The
two-in-one product is capable of operating at full power simultane-
ously. Leveraging advanced control algorithms the system achieves
an efficiency rating exceeding ??%. Featuring a compact structural
layout and flexible installation it is widely applicable to new energy
passenger vehicles commercial vehicles and other related fields.
41 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 42Compliance Foundation Green Manufacturing
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Freezing and Cold Chain Control Series Solutions
? Water Resource Utilization
MEGMEET's cold chain control solutions encompass variable frequency drives logic controllers sensors connection harnesses and comprehensive
testing equipment required for complete unit production. Leveraging advanced technologies applied across all stages of the cold chain these
MEGMEET strictly complies with the Water Law of the People's Republic of China and the Regulations on Water Conservation and has continuously
solutions address system configuration challenges spanning production transportation refrigeration and retail. By optimizing system setup through-
implemented management requirements such as planned water use categorized metering water balance testing routine inspections and water
out the entire process they reduce total lifecycle costs and assist customers in achieving objectives related to cost reduction operational efficiency
consumption statistics thereby continuously advancing water resource management in greater depth.and environmental responsibility.Zhuzhou Electric a subsidiary of our company carries out water-saving evaluations as required implements separate metering for domestic water
and production water improves the allocation of water metering instruments and conducts water balance testing or water use audits on schedule.Over the past three years it has recorded no cases of water use exceeding either planned quotas or prescribed limits. In new construction renovation
Solar Pump Inverter(Pompage Solaire)?MV???/???(SP?) Series and expansion projects it has strictly ensured that water-saving facilities are designed constructed and commissioned simultaneously with the main
project while fully implementing the“ four requirements in place” for water use planning water-saving targets water management systems and
MEGMEET's MV???/???(SP?) Series variable water-saving measures. Yihe Sanitary Ware has established systems including a responsibility system for water conservation management positions
frequency drive designed specifically for a routine inspection system for water conservation and a water use statistics system. It also conducts water-saving evaluations on a regular basis
photovoltaic (PV) water pumping applica- continuously enhancing the standardization and effectiveness of water use management.tions is developed based on the Company's MEGMEET’s water is sourced primarily from municipal water supplies and water consumption at its operating bases is mainly for domestic use. The
next-generation MV??? general-purpose table below presents the consolidated water consumption of the subsidiaries within the MEGMEET Group from ???? to ????.vector control platform and fully addresses
the practical operational requirements of PV
water pumping systems. The product Water Consumption
Indicator Unit ???? ???? ????
converts direct current (DC) generated by PV
arrays into alternating current (AC) driving Total water consumption ton ???，??? ???，??? ??????various types of water pumps with high
operational efficiency. It provides a reliable Total water Ton per RMB ten thousandconsumption intensity Of Operating Revenue ?.?? ?.?? ?.??
water supply essential for production and
daily living in remote areas where conventional power infrastructure is weak or lacking. In practical applications the MV???/???(SP?) specialized drive
is widely deployed across multiple scenarios including residential water supply agricultural field irrigation dryland watering urban landscape In terms of water-saving practices our company has continuously promoted the replacement of
maintenance desert water lifting and livestock farm water supply. In terms of technical efficiency the PV inverter achieves a maximum MPPT water-saving fixtures equipment upgrades and recycling and reuse measures in light of the
(Maximum Power Point Tracking) algorithm efficiency of ??% . The system features an integrated control and drive design offering compatibility with production and operational characteristics of different bases. Zhuzhou Electric has extensively
asynchronous motors permanent magnet synchronous motors and brushless DC (BLDC) motors. This solution significantly reduces reliance on adopted water-saving fixtures including sensor-activated and pedal-operated devices in public
traditional grid electricity thereby substantially lowering carbon emissions associated with power consumption. buildings and dormitory areas. Comprehensive assessment of the water-saving retrofit results
shows that the water-saving rate exceeded ??%. Yihe Sanitary Ware has comprehensively adopted
water-saving fixtures in water-use scenarios such as restrooms across its plant area and has
equipped its facilities with condensate return tanks wastewater treatment units and rainwater
Portable Solar Generator treatment equipment achieving a water-saving rate of over ??%. In the production process Yihe
Sanitary Ware recycles water used for flushing tests and ensures zero discharge. Wastewater from
MEGMEET offers portable solar generators and power stations tailored for both ceramic cleaning and ultrasonic cleaning is filtered through filter cloth settled and then reused
residential and commercial markets under the Cola Series (also marketed as the YECO further improving the repeated utilization of water resources. Meanwhile our company also
Series in overseas markets). This product line features a comprehensive tiered power reduces leakage seepage and overflow and improves overall water use efficiency through daily
portfolio designed to address a wide spectrum of clean energy backup requirements inspection and maintenance of water supply systems pumps and water-use facilities.across diverse application scenarios. The entry-level offerings available in ???W and At the same time our company has extended water resource utilization to the product end
???W configurations are suitable for outdoor camping and emergency charging of promoting synergy between water-saving concepts and product R&D. Yihe Sanitary Ware
small electronic devices such as smartphones and laptops. The mainstream tier integrates the concept of sustainable development into product design and manufacturing. Itsprovides power capacities ranging from ????W to ????W serving as a reliable innovatively developed water-saving sanitary products once won the“ Advanced Water-Savingbackup power source for household appliances—including fans routers and rice Product Award” and certain smart toilet models obtained the China Water Conservation Certifica-
cookers—during short-term operation. For more demanding applications the tion Certificate issued by the China Quality Certification Center reflecting our company’s
advanced tier offers a power range of ????W to ????W capable of supporting continued investment in the development of water-saving products and green manufacturing.high-power appliances such as air conditioners and electric ovens. The flagship tier
delivers power output exceeding ????W and features a wheeled design for enhanced
portability making it well-suited for large-scale backup power scenarios including
residential yards and agricultural farms. By offering an alternative to traditional In response to water resource utilization risks our company has carried out ongoing assessments in light of its business characteristics. Overall our
gasoline generators this portfolio of portable energy storage solutions contributes to company’s water resource risks remain relatively manageable. During the reporting period there were no direct or indirect material impacts on water
the reduction of carbon emissions while enhancing energy accessibility and emergen- resources caused by changes in water withdrawal water consumption drainage or water storage volumes.cy preparedness for both households and outdoor settings.
43 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 44Compliance Foundation Green Manufacturing
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? Environmental Compliance Management Impact Risk and Opportunity Management
Our company has formulated the Emergency Response Plan for
Governance Environmental Incidents which clearly specifies key aspects such as emergency response handling procedures and division
of responsibilities thereby providing institutional support for the
MEGMEET complies with the Eco-Environmental Code of the People's Republic of China rapid and effective response to environmental emergencies. Our
and has formulated management policies such as the Environmental Management company continues to carry out environmental audits and
Manual establishing an environmental management mechanism directly led by the third-party supervision. Each year our company conducts
General Manager and specifically coordinated and implemented by the Safety and Environ- intern类al e别nvironmental audits to identify potential risk points and
ment Department. The General Manager of our company oversees major decisions on formulate corrective measures thereby establishing closed-loop
produ类ctio别n safety environmental protection and occupational health and safety and management. At the same time professional institutions are
supervises the implementation of national laws and regulations. As an independent engaged annually to conduct audits of exhaust gas wastewater Hazardous Waste Environmental
second-tier department the Safety and Environment Department is responsible for the and solid waste treatment processes to ensure the effectiveness Management Training Management Training
implementation of the environmental management system risk prevention and control and compliance of relevant measures.and routine supervision. It has clearly defined responsibilities at all levels and established Our company also places importance on raising environmental awareness and strengthening environmental management capabilities. Our company
a management structure covering policy formulation process supervision risk prevention regularly organizes environmental knowledge training and awareness campaigns to communicate knowledge related to environmental laws and
and control and closed-loop rectification. The Board of Directors and management regulations to employees enhance their awareness of the importance of reducing waste pollutants and toxic gas emissions and encourage employ-
regularly review reports on environmental performance supervise the progress of environ- MEGMEET Environmental Blue Valley Environmental ees to actively participate in environmental protection efforts. In ???? the employee coverage rate for environmental protection training reached
Management System Management System
mental targets and incorporate environmental compliance into the overall risk manage- Certification Certificate Certification Certificate ???%.ment and strategic decision-making of our company ensuring the effective integration of
environmental compliance issues into major decisions.Our company has obtained and continuously maintained ISO ????? Environmental Management System certification and regularly conducts internal Metrics and Targets
audits and management reviews to ensure continual improvement and compliant operation. Our company has established and continuously tracks key environmental performance indicators to ensure that environmental targets are closely
aligned with operational realities. In ???? all environmental indicators of our company achieved favorable resultsno major environmental violations
Strategy have occurred laying a solid foundation for continuous improvement.Risk Type Time Horizonof Impact Risk Description and Impact Countermeasures Category Indicator Year ???? Progress Toward Target
Our company’s production and business operations Taking compliance with environmental protection laws Employee coverage rate for
involve requirements related to environmental protection and regulations pollution prevention and strengthened environmental protection training ???% Full employee coverage
laws and regulations environmental impact assessment risk prevention and control as the core requirements of Environmental audit
Compliance Medium to pollutant discharge management waste disposal and environmental management our company continuously
Number of
emergency management. If such requirements are not carries out environmental impact assessments and environmental emergencies ? Zero-incident record maintainedrisk long term properly implemented environmental compliance risks pollutant discharge management in accordance with the
may arise and adversely affect the stability of daily law and implements relevant requirements throughout Compliance rate of Compliance maintained for
operations. the entire process of daily operations and production Pollutant emissions ???%pollutant emissions three consecutive years
management.Compliant disposal rate of Full coverage by qualified
Our company continues to promote the construction of ???%
The operation and management effectiveness of hazardous solid waste
entrusted enterprises
environmental protection facilities and the operation and Waste treatment
treatment facilities for exhaust gas wastewater and management of pollution prevention and control Pass rate of third-party compliance
Pollutant Short to solid waste are directly related to the level of pollutant facilities invests in treatment facilities for exhaust gas audits for hazardous waste ???% Achieved target
emission risk medium term emission control. If treatment facilities operate unstably wastewater and solid waste establishes an environmen-or monitoring is inadequate the risk of pollutant tal monitoring system and strengthens environmental
emissions and environmental incidents may increase. monitoring and information disclosure to reduce the risk
of pollutant emissions.Pollutant Emissions
Opportunity Time Horizon
Type of Impact Opportunity Description and Impact Countermeasures Our company strictly complies with the Law of the People's Republic of China on the Prevention and Control of Water Pollution and the Law of the
Our company takes compliance with environmental People's Republic of China on the Prevention and Control of Atmospheric Pollution has formulated the Emergency Plan for Wastewater Inspection
By systematically embedding environmental protection protection laws and regulations pollution prevention
requirements into the entire production and operation Discharge and Treatment and continues to improve management policies and control measures for various types of exhaust gas and wastewater strengthened risk prevention and control and the
Compliance Medium to process our company can continuously improve the safeguarding of production safety and employee health as thereby continuously enhancing its environmental management standards.opportunity long term standardization of environmental management and the core requirements of environmental management and
strengthen its environmental compliance management continuously advances their implementation through Adhering to the principles of“ reduction resource utilization and harmless treatment” our company identifies wastewater exhaust gas solid waste
capabilities. institutional development and daily management. and noise as key environmental impact factors in environmental compliance management based on its production processes and operational charac-
teristics and has established a whole-process management mechanism covering the generation collection treatment discharge monitoring
Our company continues to promote the construction of
By improving pollution treatment facilities environ- environmental protection facilities environmental
storage transfer and emergency disposal of pollutants.Opportunity for Medium to mental monitoring systems and emergency manage-
monitoring and information disclosure environmental
emergency response plans and the operation and During the reporting period our company ensured that pollutant emissions from all operational activities strictly complied with national environmen-
stable operation long term ment arrangements our company can reduce the risks of pollutant emissions and environmental incidents management of pollution prevention and control facilities tal protection laws and regulations. Our company received no complaints from employees or local community residents regarding any adverse assurance
thereby supporting stable operations. while carrying out environmental impact assessments and pollutant discharge management in accordance with the impacts and was not subject to any material administrative penalties or criminal liability due to pollutant emissions.law.
45 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 46Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Type of Pollutant Pollutant Treatment Measures
Indicator Unit ????
· Welding exhaust gas is treated through activated carbon adsorption and then discharged at a
height of ?? meters through an exhaust ventilation system. Emissions comply with the
Exhaust gas: mainly including welding secondary emission limit requirements set out in Table ? of the Integrated Emission Standard General solid waste ton ?，???.??exhaust gas injection molding exhaust of Air Pollutants (GB 16297-1996).gas and crushing dust; the main · Organic exhaust gas from the injection molding workshop is collected through a centralized General solid waste intensity ton/RMB ten thousand of Operating Revenue ?.????pollutant types are tin and its ventilation and collection system. The collected exhaust gas is treated through“ UV photocatal-compounds fumes particulate matter ysis + activated carbon adsorption” and then discharged at a height of ?? meters through Hazardous waste ton ???.??
volatile organic compounds etc. exhaust stacks on the plant rooftop.· Dust generated during the crushing process is relatively limited and is discharged in an Hazardous waste intensity ton/RMB ten thousand of Operating Revenue ?.?????
unorganized manner.Wastewater: externally discharged
wastewater mainly consists of domestic
sewage; the main pollutant types are · Domestic wastewater is pretreated through septic tanks within the plant area. After meeting
chemical oxygen demand animal and the indirect discharge limit requirements of the Discharge Standard of Water Pollutants for
vegetable oils suspended solids Electronic Industry (GB 39731-2020) it is discharged into the municipal sewage pipeline
biochemical oxygen demand ammonia network.nitrogen petroleum substances total ? Circular Economy
phosphorus etc.· During equipment selection and procurement advanced and low-noise production equipment MEGMEET has established a Green Packaging Committee to promote the coordinated participation of departments including R&D production
is prioritized to reduce noise generation at the source.procurement and marketing in green packaging management. It has formulated the Green Packaging Design Specifications and conducts supervi-
· For high-noise equipment soundproof rooms are installed and the layout density of
equipment in workshops is reasonably controlled to reduce the impact of noise on the working sion and evaluation of the implementation and effectiveness of relevant standards. Meanwhile our company has established dedicated departments
Noise: mainly generated by production environment. responsible for the recovery and reuse of recyclable components and materials thereby promoting the circular flow of resources in both the produc-
equipment and auxiliary equipment
· For high-noise vibrating equipment vibration-isolation foundations or shock-absorbing pads tion and usage stages.are installed to reduce the impact of vibration on equipment and personnel. Our company incorporates the principles of“ reduction reuse and harmless treatment” throughout the entire process of product and packaging
· Maintenance and upkeep of production equipment are strengthened to ensure that equipment management. At the product design and development stage our company incorporates raw material selection production sales use recycling and
remains in good operating condition thereby further reducing noise and vibration.disposal into eco-design considerations. At the procurement end it reviews suppliers’ environmental issues in the production process toxic waste
pollution packaging materials and waste emissions and gives priority to green suppliers. During the use stage our company prioritizes recyclable
and degradable materials optimizes packaging design reduces unnecessary packaging material inputs and explores reusable packaging solutions
Waste Treatment for certain products or components to reduce packaging material consumption and waste generation. At the final disposal stage of products our company seeks to minimize the types of packaging materials used for finished equipment and informs users of appropriate recycling steps through
Our company has formulated and implemented the Waste Management Measures and the Hazardous Goods Management Measures clearly defining labeling.classification standards disposal procedures and division of responsibilities. All factories have established dedicated hazardous waste storage rooms
and implement zoned and categorized storage. In addition all factories maintain hazardous waste disposal ledgers to ensure full-process traceability.During the reporting period the compliant disposal rate of both hazardous waste and non-hazardous waste of our company reached ???%.Hazardous Substance Management
MEGMEET has clearly defined ten categories of controlled substances including lead mercury cadmium hexavalent chromium PBB PBDE and four
Waste Classification and Disposal Practices: phthalates. Our company has established a Hazardous Substance Management Committee and developed supporting institutional documents such
as the Material Environmental Protection Certification Specifications. At the design source eco-design concepts are introduced to realize the
All factories of our company substitution of hazardous substances. On the supply chain side suppliers are required to sign the Declaration Agreement on Non-use of Hazardous Recyclable general solid Non-recyclable general Hazardous waste
waste generated by our solid waste generated by generated by our have established indepen- Our company has Substances and are included in the audit scope. During production environmental protection defects are defined as“ critical defects” and materials
company including our company such as company including paint dent hazardous waste formulated the exceeding standards are rejected directly. For finished products third parties are entrusted to conduct random inspections in accordance with EU
plastics packaging office waste and kitchen residue used rags and warehouses for temporary Emergency Response RoHS standards and implement standardized labeling. Meanwhile our company continuously improves hazardous substance management by setting
cartons and domestic waste is collected and gloves and used storage and are equipped Plan for Environmental
waste is entrusted to transported uniformly by packaging drums is with anti-leakage and Incidents and conducts quantitative targets and carrying out supplier training.qualified recycling sanitation authorities; entrusted to licensed anti-dispersion facilities; the targeted emergency drills To protect electronic circuit boards our company has independently developed a conformal coating. This product was developed on the basis of
companies for recovery entities for compliant storage environment for for hazardous waste
and reuse; disposal with hazardous hazardous waste is inspected leakage scenarios. research conducted by our internal expert team and through the introduction of advanced overseas technologies and materials. Compared with
waste transfer manifests regularly to prevent leakage conventional conformal coatings the self-developed conformal coating does not contain aromatic hydrocarbon solvents such as benzene toluene
duly signed; and cross-contamination; and xylene. Its solvent composition is unique and environmentally friendly achieving the effective substitution of hazardous substances.?????
47 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 48Compliance Foundation Green Manufacturing Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.
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Circular Economy-Related Indicator MEGMEET ???? Data Management Effectiveness ? Ecosystem and Biodiversity Protection
Compliance of packaging labeling with domestic and international regulations No violations for three???% consecutive years MEGMEET continuously pays attention to the potential impacts of its production and business activities on ecosystems and biodiversity and (such as plastic restriction requirements and the EU Packaging Directive)
integrates ecological and environmental protection requirements into project site selection construction implementation production and
operations and daily management. Our company strictly complies with the Environmental Protection Law of the People's Republic of China the Law
Reusable packaging utilization rate ??% Industry-leading level of the People's Republic of China on the Prevention and Control of Soil Pollution and the Opinions on Further Strengthening Biodiversity Conser-
vation issued by the General Office of the CPC Central Committee and the General Office of the State Council as well as other relevant laws and
regulations. In light of its business characteristics our company focuses its management efforts on the layout of production bases environmental
Case ?: Closed-Loop Practice of Production and Packaging Recycling at Yihe Sanitary Ware impact control during construction pollution prevention and control during operations and ecological greening within plant areas striving to
minimize disturbances to soil water bodies vegetation and the surrounding ecological environment arising from its business activities.Yihe Sanitary Ware promotes the recycling and reuse of materials and packaging materials during production. Scrap materials and defective At the project planning and site selection stage our company incorporates ecological impacts into preliminary demonstration and risk identification
products generated during the injection molding process are crushed and reused in production. A circulating cooling water tank is installed in processes and carries out reviews in consideration of industrial park planning land use control and environmental access requirements so as to
the plant area for indirect cooling during the injection molding process and the related water is not discharged but instead recycled and avoid locating production and operation facilities within ecological conservation redlines nature reserves and other ecologically sensitive or fragile
replenished regularly. Meanwhile our company reuses packaging items such as paper tubes cartons and plastic bags multiple times and has areas. For new construction renovation and expansion projects our company implements environmental impact assessment information
established supplier-specific recycling turnover boxes and material turnover codes thereby promoting the entry of ordinary packaging materi- disclosure and government filing requirements in accordance with the law carefully identifies the potential impacts of project construction on the
als reusable logistics consumables raw and auxiliary material packaging damaged product packaging defective waste parts and dismantled surrounding ecological environment and minimizes disturbances to soil water bodies and vegetation systems through process optimization
parts into categorized recycling processes. construction management and process control.During the operational stage our company continuously promotes compliant pollutant emissions standardized waste disposal and plant greening
management and coordinates the implementation of ecological protection concepts with environmental compliance management to reduce the
potential impacts of its production and business activities on surrounding ecosystems. At the same time our company pays attention to the environ-
Case ?: Product Eco-Design and Recycling Practice at Zhuzhou Electric mental impacts throughout the full life cycle of its products and services continuously improves the refinement of environmental management and
promotes coordination between business operations and ecological protection. During the reporting period the areas surrounding our company’s
Zhuzhou Electric has introduced eco-design concepts into the entire product development process emphasizing the coordinated advance- existing production and business premises did not involve terrestrial or marine key ecological function zones ecological conservation redlines or
ment of resource conservation green procurement green manufacturing and end-of-life recycling. In terms of recycling and reuse our other nature reserves and no material adverse impacts on ecosystems or biodiversity caused by production and operations products or service
company has established documents for packaging recovery and disassembly and communicates them to downstream stakeholders. At the activities were identified.same time disassembly guidance for components is provided in user manuals to improve the convenience of product disassembly and
recycling. In the future MEGMEET will continue to improve its ecological risk identification and dynamic screening mechanisms. In light of new project layouts
the environmental characteristics of areas where its bases are located and regulatory requirements our company will further enhance its manage-
ment of ecosystem and biodiversity protection continuously strengthen the prevention identification and control of ecological and environmental
impacts and promote harmonious coexistence between corporate operations and the natural environment.Case ?: Circular Economy Demonstration at MEGMEET Changsha Intelligent Industrial Center
The research center adopts highly efficient composite microbial degradation technology to convert ???% of canteen waste into organic
fertilizer thereby realizing the resource utilization of organic waste. The treatment process achieves the“ three-zero standard” (zero discharge
zero pollution and zero secondary pollution).
49 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 50Compliance Foundation Green Manufacturing
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Win-Win through
Chain Collaboration
Guided by the principle of "Technology for Good Symbiotic Responsibili-
ty" MEGMEET integrates social responsibility throughout the entire value
chain of R&D production and service committing to building a safe
inclusive and sustainable industrial ecosystem. In the field of scientific
research and innovation the company focuses on breakthroughs in
low-carbon technologies combined with green and sustainable supply
chain management. Through industrial collaboration and partnerships
with universities and research institutions MEGMEET drives green innova-
tion and sustainable development in the electrical industry.SDGs Addressed in This Section
Issues Addressed in This Section
Innovation-Driven，Product Quality and Safety，Customer Service Manage-ment，Data and Information Security，Supply Chain Security? 、 Innovation-Driven ??
?、Product Quality and Safety ??
?、Customer Service Management ??
?、Data and Information Security ??
?、Supply Chain Security ??
?、Industrial Cooperation and Development ??
51 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 52Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Metrics and Targets
? Innovation-Driven Focusing on technological innovation and sustainable development our company continuously strengthens its core competitiveness by setting
phased actionable goals.Short-term goals
Governance (??? years) Achieve breakthroughs in core technologies launch innovative products and digitize part of the business processes.Pursuant to the Science and Technology Progress Law of the People's Republic of China the Patent Law of the People's Republic of China and other
relevant laws and regulations MEGMEET has established core internal systems including the R&D Management System the Design and Development Medium-term goals Establish a leading technological position in the industry launch market-competitive products and complete digital (??? years) transformation.Management Procedure and the R&D Operation Specifications. The R&D Center is responsible for the overall management coordination and
quality control of the product design and development process. At the same time to fully stimulate innovation vitality and drive the translation of Long-term goals Become a setter of industry technical standards continuously launch innovative products and achieve sustainable
achievements into tangible outcomes our company has issued complementary policies such as the R&D Department Performance Appraisal System (more than ? years) development goals.and the Organizational Implementation and Incentive Reward System for the Commercialization of Scientific and Technological Achievements.Through clear incentive orientation and an effective assessment mechanism MEGMEET continuously empowers its R&D teams fostering technologi-
cal innovation and realizing industrial value. 高比例研发投入
???.??
Strategy R&D Investment
???.?
Risk Type Time Horizonof Impact Risk Description and Impact Response Measures
>300034%>11%
R&D Employees R&D personnel account for R&D Investment Ratio
morethan ??% of the total workforce ???.?
Adopt comprehensive countermeasures from the
New businesses require substantial upfront perspectives of finance operations cooperation
investment and have a long market introduction
Technology Short-term and organizational mechanisms: phased and ??.?
Risk cycle resulting in a time lag in the conversion of lean investment active application for R&D Investment
revenue and profits. As a result it is difficult to government special subsidies and joint (in Millions of USD)
realize financial returns in the short term. development with customers. ??.?R&DInvestment
??.?
R&D Investment Ratio ??.?
Opportunity Time Horizon
Type of Impact Opportunity Description and Implications Response Measures ??.?
??.?
Some of our products have already entered the ??.?
high-end markets of Europe and the United ??.? ??.??.?
Market Medium to States while the construction of its overseas Accelerate the layout of overseas R&D and
Opportunity Long-term bases continues to advance. Against the production bases improve local technical
backdrop of global supply chain restructuring service teams and enhance the speed and ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? ????
companies with global delivery capabilities are quality of global customer response.gaining greater room for development. ??.??% ??.??% ??.??% ??.??% ??.??% ??.??% ?.??% ??.??% ??.??% ??.??% ??.??% ??.??% ??.??%
Impact Risk and Opportunity Management
MEGMEET Research Data Statistics Table
We use the IPD (Integrated Product Development) process as the core framework. Through embedded Decision Check Point (DCP) and Technical
Review (TR) mechanisms we systematically assess strategic alignment return on investment and technical feasibility at each key project stage
enabling early warning and correction of deviations and defects. Indicator Description year ???? year ???? year ????
Meanwhile leveraging the FTO (Freedom to Operate) module within its internal intellectual property（IP） management platform and embedding IP
checkpoints into the PMS (Project Management System) our engineers closely track the progress of R&D projects. Through a combination of online
Total R&D Investment(in RMB ten thousand )
and offline methods they conduct IP risk assessment and mitigation at multiple stages—such as project initiation review and pilot testing—making ??，???.?? ??，???.?? ??????.??risk prevention and control both proactive and process-oriented supported by dedicated litigation management procedures.In addition risk management encompasses all supporting elements including talent information capital and the supply chain. It prevents the Number of R&D Personnel (headcount) ?，??? ?，??? ????leakage of core assets by managing sensitive positions and implementing product information protection systems; identifies risks in key supply chain
links to ensure stable industrialization; and incorporates macro-level risks such as climate policies into its analysis to guide the development of green
technology. R&D Personnel as a % of Total Employees ??.??% ??.??% ??.??%
53 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 54Compliance Foundation Green Manufacturing
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Intellectual Property Protection
Relying on its proprietary information management platform our company has formulated and implement- 【key performance indicator】
ed a series of intellectual property management policies including the Intellectual Property Management
System the Intellectual Property Supplier Management System the Group Trademark Use Manual the As of the end of the reporting period: our company had obtained a total of ???? patents and software copyrights of which ???? were valid
Product Information Protection Management Specification and the Intellectual Property Litigation patents; our company had revised and formulated ?? international and national standards (leading ?) and revised and formulated ?? group and
Management Regulations thereby establishing a comprehensive management system covering patents industry standards (leading ??).trademarks copyrights and trade names. The IP Department manages various types of intellectual property For the full year of ????: our company filed ??? invention patent applications was granted ??? patents and added ??? new patents and software
by categorizing them according to their nature value etc. establishes dedicated files and assigns full-time copyrights during the year.personnel for routine supervision and maintenance thereby achieving standardized management of innova-
tion outcomes. During the reporting period based on the Group's actual operations and the overall status of
its intellectual property assets as well as changes in the IP awareness among the Group's R&D personnel our
company updated the Special Management Measures for Intellectual Property Rewards to better align the
reward policy with the Group's strategic direction.Some patent certificates displayed
Innovative Practice
MEGMEET Intellectual Property Hangzhou Chenkong Intellectual Hangzhou Qianjing
Management System Certification Property Management System
Liziwei Intellectual Property
Management System Certification Intellectual Property Management Certification System Certification
R&D and Testing Platform
MEGMEET has built a standardized specialized automated and intelligent testing platform equipped with world-class laboratory facilities. Through
Our company has passed the Level ? assessment of "Innovation and Intellectual the "Smart Energy & Carbon Dual-Control Cloud Platform" it has achieved digital management and control of the entire R&D process effectively
Property Management Capability" under ISO ?????:???? Innovation ensuring the accuracy and stability of test results. Our company has established specialized laboratories for environment and reliability function and
Management — Intellectual Property Management Guide covering the full-pro- performance and EMC (electromagnetic compatibility) providing a solid foundation for the reliability of its testing platform.cess management of intellectual property in the fields of power supply and
automation control thereby further solidifying the institutional foundation for
technological innovation and intellectual property protection.During the reporting period our Group and its subsidiaries/branches conducted a
total of ?? intellectual property-related training sessions covering topics such as
"Patent Search and Risk Assessment" and "Invention Disclosure Writing Skills." The
total actual training duration was ??.? hours followed by oral and practical
examinations. A total of ??? employees received the training.In ???? our company obtained a number of important patents including a magne-
tron status detection circuit and microwave equipment data center power
supplies smart toilets and an industrial IoT system WEB software providing strong
support for product performance upgrades and competitiveness enhancement.MEGMEET's Changsha Intelligent Industry Center began planning and deployment in ???? with construction officially starting in ????. After two years
of scheme design and engineering construction it was completed and put into use in early ????. Covering a total land area of ????? square meters
and a total floor area of ????? square meters it features the most comprehensive and complete testing equipment in the global power electronics
field including ?? laboratories and over ??? sets of lab equipment. Capable of accommodating more than ???? R&D engineers it is a world-class
testing laboratory.
55 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 56Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
R&D Achievements
Totalarea Total testingarea N° oflabs N° oflab devices During the reporting period our company and its subsidiaries obtained a number of important qualifications/certifications：
?.??.??????
square meters square meters National-Level Recognitions: The Group Company was recognized as a National Enterprise Technology Center; the Group Company and its subsid-
iaries Shenzhen Welding and Hunan Electric were recognized as National "Little Giant" Specialized and Sophisticated Enterprises; the Group Compa-
ny Shenzhen Welding Hunan Maigu and Oulide were recognized as High-tech Enterprises.Provincial-level Certifications: Hunan Electric and Zhuzhou Electric have been certified as Provincial Enterprise Technology Centers. Yihe Sanitary
RE Lab (??M ?M*?) Burn-in Lab
Ware has been certified as a Zhejiang Provincial Enterprise Technology Center. Oulide and Hunan Electric have been recognized as Provincial-level
Specialized Refined Differential and Innovative (SRDI) "Little Giant" Enterprises. Hunan Electric has been certified as a Provincial High-Tech
Enterprise. Zhuzhou Electric has been accredited as a Provincial Engineering Technology Research Center.City-Level Recognition: Hunan Electric was recognized as a Changsha City Technology Innovation Center.High-speed Bench Testing Highly Accelerated Life Test Lab
Climate/Environment Lab Mechanical Reliability Lab
Megmeet Changsha Intelligent Industry Center MEGMEET High-tech Shenzhen Welding Certification of Provincial-level Enterprise Certification High-tech Enterprise Certification Enterprise Technology Centers
Our company's multiple patented technologies have driven technological upgrades in fields such as power supplies electric vehicles LED displays
The testing capabilities and management system of our company's laboratories have been highly recognized by authoritative domestic and interna- and industrial automation as specifically reflected in:
tional organizations. Our specialized laboratories for function and performance EMC environment and reliability etc. have obtained laboratory
accreditation certificates from CNAS TüV Rheinland UL and others and hold qualifications such as UL-CTF and UL-WTDP. The test results are mutual- Innovations in power supply technology have laid the foundation for the development of smart devices.ly recognized globally providing strong support for high-precision technical verification and global product access.Optimization of electric vehicle control devices has enhanced the performance and market competitiveness of new energy vehicles.Intelligent and automation technologies have accelerated the transformation of traditional manufacturing toward smart and automated
operations.Technological innovations in industrial automation have helped manufacturing customers achieve more efficient production processes and
improved overall productivity.As of the end of the reporting period our company's significant intellectual property acquisitions are as follows:
Intellectual Property Information Statistical Table
N° IP categories Number Important Intellectual Property Name List Date Obtained
? Invention Patent＊ ??? CN????????????.? ? A Magnetron State Detection Circuit andMicrowave Equipment ????.?.?
? Utility Model Patent ???? CN????????????.? ? Data Center Power Supply ????.?.?
? Design Patent ??? CN????????????.? ? Smart Toilet ????.?.?
? Trademark ??? ???????-MEGMEET ????.?.?
? Software Copyright ??? ????SR??????? ? Industrial IoT System WEB Software ????.?.?
Note＊: Invention patents related to the company's main business
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? Product Quality and Safety Production Automation
Governance · Six automatic workshops
· ??? production lines
Our company strictly complies with the Product Quality Law of the People's Republic of China as well as domestic and international product safety
regulations. We have formulated and implemented internal documents such as the Control Procedure for Nonconforming Products and established a · Annual production capacity of PCBA ?? million pcs
quality management system covering the entire process. The top executive officer bears ultimate responsibility for ensuring that final products and
services meet customer and legal/regulatory requirements. By establishing a quality committee and an independent quality management depart-
ment MEGMEET continuously strengthens its ability to guarantee product and service quality. During the reporting period our company had no major
liability accidents related to product safety or quality. Information Automation
· Efficiently arrange and execute production plans through the information system
· Collect and control production data to oversee production schedules and maintain
quality metrics
· Coordinate and optimize supply chain material management
Zero Defect · Conduct in-depth analysis of production data to trace defective productsoptimizing
the overall production process
LEAN Production + Process Automation Warehouse Logistics Automation
· ??/? material warehousing sorting and distributing system
· ??m high ??m deep AS/RS; and ?? ultro-high-speed large capacity Miniload stacker cranes
· ?????? plastic boxes of electronic components under management
· Up to ???m/min running speed achieving highly efficient material storing and retrieving
Product Lifecycle Enterprise Manufacturing
Management Resource Planning Execution System
During the reporting period the group's subsidiaries obtained multiple product quality-related system certifications. Among them Zhuzhou Electric
Shenzhen Control Wolji Shenzhen Welding Hunan Weilang Hunan Electric Guangdong Tianjin and Blue Valley have passed the ISO ???? quality
management system certification. Zhuzhou Electric and Hunan Electric have passed the IATF ????? automotive industry quality management system
certification and the ISO ????? medical device quality management system certification. Yihe Sanitary Ware passed multiple authoritative certifica-
tions including the ETL certification for smart toilets sleep-level low-noise certification for household appliances and CQC China Water Conservation
R&D Supply Chain Manufacturing Service
Quality Quality Quality Quality certification effectively ensuring product compliance and market access.Concept Product Process Mass After Sales
Formation Development Development Verification Production Service
ISO9001 ISO13485 IATF16949 ISO26262 QC080000Y
Automation = Improving Enhancing StrengtheningEfficiency + Quality + Production MEGMEET ISO ???? Quality Guangdong Tianjin ISO ???? Quality Blue Valley ISO ???? Quality
Management System Certification Management System Certification Management System Certification
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Do it right the first time + continuous improvement
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Impact Risk and Opportunity Management
MEGMEET has established and operates the Risk and Opportunity Control Procedure. When planning the quality management system a cross-de-
partmental team takes into account the internal and external environment occupational health and safety and the needs and expectations of
relevant interested parties identifies risks and opportunities to be addressed and ensures that the quality management system achieves the intend-
ed results and undergoes continuous improvement.Each department based on its own business activities risk assessment results and MEGMEET's actual situation formulates risk countermeasures
develops response measures as required and fills out the risk assessment and response measures form ensuring that the measures are commensu-
rate with the potential impact of risks on products and services. The strategy team coordinates resources to promote the implementation of measures
and evaluates and records the effectiveness of implementation. Our company identifies potential emergency situations within the scope of the
management system focusing on scenarios that may cause quality accidents environmental pollution and occupational health and safety injuries.We analyze and assess opportunities identifying ways to reduce waste and improve performance through performance analysis and opportunity
identification. Opportunities are managed using an Opportunity Assessment and Response Measures Form with measures developed to account for
associated risks and to be commensurate with the impact of the opportunity on product and service conformity. Risk analysis covers product recalls
IATF ????? Automotive Quality ISO ????? Medical Devices Quality Hazardous Substance Process Management product audits return repairs complaints scrap rework and historical lessons learned thereby strengthening risk control related to product quality.Management System Certification Management System Certification System Certification for Electronicand Electrical ProductsLP（lean production）
Strategy By implementing lean production MEGMEET has effectively reduced production costs while improving product quality and production efficiency further enhanced customer satisfaction and optimized supply chain management.Risk Type Time range ofthe impact Risk Description and Impac countermeasures
Intense price competition for products such as Fully Automated
Promote cost reduction through product design
new energy vehicle components coupled with MagneticsProduction Line
cost reduction through large-scale procure-
fluctuations in raw material prices and changes
market risk Short to Medium Term ment and manufacturing efficiency improve-in product mix puts downward pressure on the
ment; optimize the product mix and increase
gross profit margin and affects overall
the proportion of high-margin products.profitability.Sheet Metal
Our company's products are widely used in Production Line
fields with extremely high reliability require- Improve the whole-process quality manage-
ments such as industrial automation medical ment system strengthen design verification
equipment and new energy vehicles. If batch supply chain quality control and production
Reputation Risk long-term quality issues occur they may trigger a chain process management and establish product Smart Bidet
reaction including customer claims brand traceability and recall mechanisms. Production Line
damage and restricted market access.SMT
Opportunity Time range
Type of the impact Opportunity Description and Impact countermeasures Production Line
Increase R&D investment in areas such as new
Demand for high-efficiency power electronic energy vehicles and AI servers focus on core
devices continues to rise in areas such as new technology upgrades and optimize the core
energy vehicles data centers (AI data center Renewable Energy/EV/Batteryproduct layout. At the same time through
power supplies) energy storage and industrial Storage Production Line
Operational medium and initiatives such as flexible production capacity
Opportunity long term automation. The company's core products construction supply chain security assurance
(on-board power supplies industrial power and deepened cooperation with top-tier
supplies and electronic control systems) customers enhance delivery capabilities fully
directly benefit from the expansion of these seize industry expansion opportunities and
industries. Automated Production Lineconsolidate core competitive advantages.
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Metrics and Targets Quality Culture Promotion
MEGMEET's quality management architecture is guided by the principle of "Do Right at the First time" with continuously raised targets and ongoing
improvement to progressively achieve the ultimate goal of "Zero Defects." MEGMEET places a strong emphasis on building a quality culture and fostering employee quality awareness. Adhering to a technology-first
quality-first approach we promote company-wide employee participation in quality management. A robust quality assessment and training system
has been established including specialized training on quality incidents customer complaints and typical case studies. Through continuous quality
Product Quality Management Measures improvement initiatives our company steadily enhances employees' professional skills and quality awareness thereby preventing product safety and quality risks at the source.Over the years Our company has consistently enhanced comprehensive cost control over its products focusing on high cost-effectiveness. By fully
leveraging its inherent strengths and addressing the specific needs of sub-sectors it has continuously rolled out competitive solutions thereby
cementing its customized and differentiated competitive advantages within the industry.? Customer Service Management
Product LifeCycle Management
MEGMEET consistently adheres to a customer-centric approach and has established a series of
MEGMEET has established a full-lifecycle quality management system to ensure that every stage of the product—from design development inspec- management policies including the Customer Complaint Handling Procedure the
tion and delivery to after-sales service—meets high standards of quality. Performance Appraisal and Incentive System for the Customer Service Center and the
After-sales Service Control Procedure. The Customer Quality Department is responsible for
Following the IPD structured process multiple technical review points and decision review points are established
communication validation follow-up and timely management of complaint-related informa-
Design and to identify and address technology quality and delivery risks. Digital management is carried out through the PLM tion.Development Phase system covering requirements design documentation BOM and change control while incorporating Advanced
Product Quality Planning (APQP) methods to ensure design quality is controlled at the source. Based on the development of standardized general control processes for after-sales service
our company has also established customized and dedicated after-sales processes for certain
Process Development Through prototype manufacturing trial production (pilot runs) and rigorous technical reviews dual verification
core large customers precisely matching the differentiated service needs of key accounts
of product performance and manufacturing processes is conducted to ensure readiness for stable mass produc- thereby effectively safeguarding customers' legitimate rights and interests as well as the
and Validation Phase
tion. cooperation experience.To continuously optimize customer management our company incorporates key indicators
Upon entering mass production the Manufacturing Execution System (MES) becomes the core enabler for such as customer response timeliness rate complaint resolution rate and customer satisfac-
production scheduling material traceability via barcode scanning process data collection and online quality tion into performance assessments ensuring timely service responses and effective problem
judgment. The Enterprise Resource Planning (ERP) system collaboratively manages supply chain inventory and resolution.Batch production and orders. On the production floor lean production principles are integrated with automation equipment to Hangzhou Qianjing After-sales
delivery phase enhance efficiency while ensuring product consistency and traceability ultimately leading to successful product During the reporting period Hangzhou Qianjing a subsidiary of MEGMEET was awarded an Service Certification Certificate
delivery. after-sales service certification certificate for its robust after-sales service standards.Prior to formal product launch a detailed Availability Decision Check Point (ADCP) review must be completed.After launch a rapid-response after-sales service system is established committing to responding to customer
Sales and After-Sales feedback within ?? hours and providing repair return/exchange and technical support. Early Sales Support (ESS) After-sale service
Service Phase is strictly managed while market failure information and customer complaints are systematically collected and
closed-loop feedback is provided to upstream departments.A global customer service center has been established Ten regional service centers have been established in North
(Shenzhen Munich Bangkok) supporting services in four China East China South China and other areas equipped
with dedicated technical teams to provide localized
languages: Chinese English German and Thai. technical support.MEGMEET has established a professional testing center setting up full-lifecycle testing laboratories covering EMC reliability
Product lifespan safety compliance and failure analysis. Through strengthened verification across all stages—from R&D and produc- The "Megmeet Service" WeChat mini program has been We have established a dedicated after-sales service process
Testing tion to application—product safety and reliability are comprehensively enhanced. launched providing smart services such as online fault for key customers to ensure timely response efficient
diagnosis and video guidance significantly improving the service and closed-loop issue resolution.customer self-service resolution rate.We have established a product traceability system centered on the MES. Through unified QR code management of materials
data is automatically collected across the entire process—from material receipt production testing and repair to warehous-
Product ing—enabling accurate bidirectional traceability from raw materials to finished products. Leveraging the Identification and
Traceability Traceability Control Procedure and integration with PLM and ERP systems the company ensures that sources are traceable
destinations are trackable and accountability is assignable effectively supporting quality control rapid response and Customer Complaint Management
compliance assurance.MEGMEET has established policies such as the Customer Complaint Handling Procedure to proactively address customer complaints and safeguard
customer rights and interests. We maintain timely communication with customers through various channels—including the official website customer
By deploying SMT standard equipment and self-developed non-standard PA automation equipment establishing three major service hotline online platforms email and face-to-face meetings—to handle customer inquiries and complaints.Digital system platforms (PLM ERP MES) and utilizing a smart energy-carbon dual-control cloud platform MEGMEET has achieved
Management of We have established a customer complaint improvement team with members designated by the company's complaint handling personnel based on
Product Quality automated intelligent and low-carbon operations across the entire production process. This significantly improves produc- the characteristics of each complaint. The team includes staff from both direct and indirect supporting units to ensure effective resolution of customer
tion efficiency supports our transformation toward high-end and intelligent manufacturing and fosters the development of complaints. Team members promptly conduct root cause analysis of the complaint integrating information provided by the customer and using
new quality productive forces. various testing equipment and analytical methods to investigate and verify non-conformities. They identify the root cause of the product quality issue
propose and implement corrective actions resolve the complaint and ensure that similar issues do not recur.
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Information Security Management Measures
During the reporting period the company received ??? complaints representing a decrease of ??.??% compared to ???? and achieved a ???%
complaint resolution rate. MEGMEET places a strong emphasis on data security ensuring the protection of personally identifiable information (PII) device usage behavior data
R&D data supply chain data and other information throughout the entire lifecycle of collection storage transmission sharing and disposal. The
company has established a three-tier protection framework consisting of "Data classification and grading — Technical protection — Dynamic monitor-
ing."
Customer Satisfaction Management
Based on business scenarios MEGMEET classifies data into three categories: core R&D customer and
Data Classification operations. Correspondingly we implement three protection levels—top secret confidential and internal—
MEGMEET consistently adheres to a customer-oriented approach and continuously strives to enhance customer satisfaction. In accordance with the and Rating employing differentiated encryption and access controls to ensure precise protection and compliance
national standards Guidelines for Customer Satisfaction Measurement Models and Methods(GB/T 19038-2009) and General Rules for Customer management of all data types throughout the entire lifecycle of collection storage usage and beyond.Satisfaction Measurement(GB/T 19039-2009) our company conducts customer satisfaction surveys through its Enterprise Information Platform
(EIP). The survey covers ten aspects including product quality product packaging product cost-effectiveness transportation services order delivery Encrypted transmission: AES-??? encryption is applied throughout the entire lifecycle of core data and
and after-sales service. By analyzing and evaluating the information obtained from customer satisfaction surveys MEGMEET identifies its own transmission channels are upgraded to the TLS ?.? protocol.shortcomings and customer concerns continuously improves product and service quality and ultimately supports mutual development with its
customers. Access control: Least-privilege authorization is implemented based on the RBAC model with real-time
Technical Protection monitoring of anomalous operations and log retention via a SIEM system.MEGMEET actively maintains close communication with upstream and downstream customers. Leveraging its outstanding product and service
Endpoint protection: A document encryption system is deployed to block unauthorized outbound transfers
performance we have obtained certification certificates and honorary awards from multiple partners fully demonstrating customers' high recogni-
via email USB drives and other means.tion of the company's comprehensive strength.Data masking: Differential privacy techniques are applied to user behavior data to ensure compliant usage.Continuously conduct data security risk monitoring and assessment.Dynamic Monitoring Regularly audit access rights assignments and operation logs.Act on feedback from customers and certification bodies to drive continuous improvement of security
measures.MEGMEET has established the Information Security Management Reward and Punishment Regulations which define clear principles for rewards
and penalties including a four-level penalty structure and a three-level reward structure. The scope of application covers data security management
computer management software management network security management email management instant messaging security management office
security management and offboarding handover management with detailed provisions for penalty and reward procedures. This initiative has
significantly enhanced the enforceability and transparency of the company's information security management. By combining binding rules with
positive incentives we ensure security and control across all processes and scenarios thereby building a digital security barrier that underpins the
company's high-quality development.Information Security Emergency Management
Display of awards/certificates awarded by key clients
Our company has established an Information Security Incident Emergency Response Plan improved the information security communication
system defined the reporting notification and handling procedures for security incidents of different severity levels and strengthened closed-loop
incident management to effectively ensure the secure and stable operation of information systems. At the same time through multiple channels we
? Data and Information Security provide information security training for employees partners and customers enhance the protection of personal privacy and trade secrets improve the data leakage prevention technology system strictly prevent the disclosure of core data and deliver secure reliable and trustworthy services to
customers.Information Security Management System
? Supply Chain Security
In accordance with the Data Security Law of the People's Republic of China the Personal
Information Protection Law the Cybersecurity Law and industry standards (ISO ?????
GDPR) and aligned with the company's business scenarios MEGMEET has formulated and Governance
implemented internal policies including the Megmeet Employee Electrical Handbook ?
Information Security the Information Security Management Reward and Punishment Adhering to the principles of "Safety & Compliance Green & Low-Carbon and Win-Win Cooperation" MEGMEET has established a comprehensive
Regulations the Information Asset Classification Management Specification the Informa- supplier management system. This system is underpinned by a suite of formal policies and procedures including the Supplier Management
tion System Security Management Specification and the Data Backup Management Procedure Supplier Quality Assurance Agreement Supplier Confidentiality Agreement Supplier Social Responsibility Management Procedure
Specification. Key initiatives focus on cybersecurity protection data backup and disaster Supplier On-Site Audit Operating Specification Supplier Performance Evaluation Operating Specification and Supplier Quality Environmental
recovery management and the establishment of a data security emergency response and Social Responsibility Claim Agreement. From a governance perspective our Group's Supply Chain Management Center oversees the certification
mechanism thereby continuously strengthening information security and confidentiality and procurement of common materials and establishes overarching supplier management policies and standards. This centralized oversight is
management. The Information Center is primarily responsible for leading policy revisions complemented by cross-functional collaboration among relevant departments ensuring end-to-end process control regulatory compliance and full
investigating and auditing violations and enforcing rewards and penalties. During the traceability—from raw material selection through to production and final delivery.reporting period MEGMEET experienced no leakage of core R&D data customer data or
During the reporting period our Company actively fostered a healthy and sustainable supply chain ecosystem upholding the principles of fairness
operational data nor any major security attacks or data breaches. MEGMEET Information Security
Management System Certification Certificate impartiality and equality while safeguarding the legitimate rights and interests of our small and medium-sized enterprise (SME) partners.
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Strategy Supply Chain Emergency Management
Our Company conducts supply chain risk identification and has developed the Procurement Potential Failure Mode and Effects Analysis (PFMEA).This document identifies potential supplier issues defines corresponding risk levels and outlines specific mitigation measures thereby enabling We have established an emergency response framework and conduct quarterly supply chain disruption simulation drills which have effectively
proactive front-end risk control. reduced the recovery time to within ?? hours.We utilize an intelligent early-warning model to analyze geopolitical and natural disaster risks thereby proactively mitigating potential supply
Risk Type Time range Risk Description Countermeasures disruption exposures.of the impact
Should a supplier's selection Suppliers are required to complete the Preliminary Supplier Qualification
fail to comply with national Audit Form and the Supplier Profile and Assessment Questionnaire thereby Metrics and Targets
laws and regulations or enabling a thorough review of their background information and qualifications We are actively advancing the development of a green supply chain with a core management objective centered on ensuring end-to-end product
production requirements as part of the due diligence process. delivery stability through efficient and cost-effective operations. Concurrently we are driving the intelligent transformation of the supply chain to
Compliance long-term such non-compliance would
Supplier assessments are conducted utilizing the Supplier Self-Assessment accommodate the evolving requirements of diverse industry sectors.Risk constitute a regulatory and On-Site Audit Report with audit criteria tailored to specific material
categories to ensure a differentiated and risk-based evaluation approach.violation disrupt production
and supply continuity and The competence of second-party auditors is governed in accordance with the
【Key Performance Indicator】
Supplier On-Site Audit Operating Specification under which annual audits
present a potential compli- Total Procurement Value in ????: Over RMB ?.? billionand cross-functional joint audits are conducted to ensure a consistent and
ance exposure. rigorous evaluation process. Strategic Semiconductor Partnerships: Over ?? mainstream semiconductor partners
Total Number of Suppliers: Over ????
Inadequate supplier The Supplier On-Site Audit Operating Specification is strictly enforced and a
Suppliers with Annual Procurement Value Exceeding RMB ?? Million: Over ???
phased rollout of supplier nomination specifications is being progressively Active SKU Count: Over ?????management may
compromise overall product implemented for automotive products.quality leading to delivery Annual and quarterly audits are conducted supplemented by ad-hoc on-site
delays and cost overruns assessments and targeted guidance while senior-level engagement is Supply Chain Management Measures
Reputation Medium and could result in strengthened to foster collaborative oversight.Risk and long term significant reputational Supplier onboarding is managed in accordance with the Supplier Nomination Full Lifecycle Management
damage and erosion of Specification and the Supplier Nomination Evaluation Form with the
competitive positioning that Approved Supplier List subject to annual review.is difficult to quantify. The company requires new suppliers to sign seven agreements covering core terms such as quality environmental Supplier performance is evaluated across multiple dimensions including New Supplier protection and social responsibility. For potential suppliers on-site audits are conducted as a principle (remote
quality delivery cost technical service and social responsibility. Onboarding Protocol audits are allowed in case of force majeure) and assessments are carried out in multiple dimensions including
quality delivery cost service hazardous substances and CSR. The ratings are divided into four levels: A B C and D.Opportunity Time range of
Type the impact Opportunity Description Countermeasures Monthly performance evaluations are integrated with annual surveillance audits in accordance with the Supplier Supplier Dynamic Performance Evaluation Operating Specification. Suppliers are assessed on a monthly basis across four key
Performance
Amid the accelerating trend of domestic substitu- dimensions: technical service quality (including environmental compliance) cost and delivery. The results of these The Company is committed to developing Management
tion in sectors such as industrial automation and evaluations serve as the primary input for the annual surveillance audit upon which suppliers are subject to tiered benchmark client cases actively participating in
Operational Medium and high-end power solutions the Company is
management and receive differentiated incentives or corrective action plans.the formulation of national and industry
Opportunity long term well-positioned to capture a greater share of the standards and thereby strengthening its market
market in critical areas leveraging its Supplier Exit Suppliers receiving a D rating in three consecutive performance evaluations shall be subject to disqualification from influence in the domestic substitution landscape.Mechanism the supply base upon formal approval thereby fostering a virtuous cycle that rewards high performers and phases platform-based technological strengths. out underperformers.Impact Risk and Opportunity Management Supplier ESG Management
Beyond onboarding compliance requirements the Company has integrated carbon emissions assessment into its supplier CSR audit framework and
Our Company utilizes the Procurement Risk Control and Risk-Based Procurement Management procedure has explicitly defined ten prohibited "red line" criteria—including child labor forced labor major occupational health and safety incidents environ-
mental non-compliance discharges and business ethics violations—thereby establishing a mandatory compliance baseline that all suppliers must
Risk identification to identify supply chain risks. These risks are systematically categorized into two primary types—external and strictly observe. During the reporting period the Company conducted CSR audits of over ?? suppliers utilizing the Supplier Social Responsibility
internal—thereby encompassing potential risk exposures across all stages of the supply chain. Audit Checklist performing a comprehensive assessment of their social responsibility performance to advance supply chain compliance transparen-
cy and sustainable development.Our Company conducts periodic quantitative evaluations of identified risks taking into account both the
potential impact and likelihood of occurrence. Additionally"Potential Failure Mode and Effects Analysis"
Risk Assessment (PFMEA) is employed to perform an in-depth examination of risks associated with critical processes
Green Supply Chain
assessing their potential implications for the Company's operations and strategic development. This analysis
MEGMEET has established a self-assessment mechanism through the Supplier Hazardous Substance Scoring Sheet and has integrated environmental
provides a robust foundation for risk prioritization and the formulation of tiered response strategies. compliance requirements—including RoHS REACH and ELV directives—into product specification management with material compliance verified at
the bill-of-materials level. Priority is given to suppliers that utilize renewable energy or adopt circular production technologies and such suppliers are
Our Company adopts a tiered approach to supply chain risk response prioritizing the mitigation of high-risk required to implement environmental management systems and undertake eco-design initiatives thereby ensuring effective control over resource
exposures. Supply chain stability is effectively safeguarded through the establishment of a dual manufactur- consumption pollutant emissions and hazardous substance usage. Concurrently the Company conducts incoming material hazardous substance
Countermeasures ing hub model encompassing both domestic and international operations the maintenance of a six-month testing in strict accordance with RoHS directive standards and has developed the Procedure for Managing Non-Conforming Hazardous Substances
strategic inventory buffer for critical chips the deployment of intelligent early-warning monitoring systems in Materials which enables the interception and closed-loop management of environmentally non-compliant materials. As a result the rectification
and the regular execution of quarterly disruption simulation drills. rate for supplier environmental issues reached ???%. During the reporting period the Company conducted hazardous substance management system
audits for ?? newly onboarded suppliers to verify alignment with the Company's requirements.
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Avoidance of Conflict Minerals Industry Association Participation and Exhibition Engagement
The Company strictly adheres to the principles established by the Responsible Minerals Initiative (RMI) and the OECD Due Diligence Guidance for MEGMEET actively participates in industry associations and engages in peer-exchange exhibitions benchmarking against leading enterprises while
Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas among other recognized frameworks. Utilizing the Conflict collaborating with outstanding small and medium-sized partners across the industry and supply chain to jointly pursue a path of sustainable develop-
Minerals Reporting Template (CMRT) the Company conducts due diligence on the source and chain of custody of tin tantalum tungsten and gold ment. Through continuous technological innovation and market expansion MEGMEET consistently strengthens its core competitiveness thereby
(?TG) within its supply chain and completes information verification as required by customers. The Company maintains a firm policy of neither procur- contributing to the prosperity and advancement of the electrical industry.ing nor supporting the use of conflict minerals that directly or indirectly finance armed conflict in affected regions. Specialized audits on the use of Through active membership in over ?? industry associations and organizations—including the China Power Supply Society IEEE PMIC China Mecha-
conflict raw materials are conducted biennially to prevent the introduction of conflict minerals into the supply chain. During the reporting period the tronics Technology Application Association China Industrial Electrical Appliances Association China Welding Technology Association Shenzhen
Company carried out conflict minerals inquiries covering ??? suppliers with no instances of non-compliance identified. Experts and Talents Federation and Shenzhen Automation Association—MEGMEET consistently upholds a philosophy of proactive engagement and
mutually beneficial collaboration. The Company participates substantively in industry association initiatives leveraging extensive exchanges and
cooperation with peers to benchmark against industry leaders and work in concert with outstanding small and medium-sized enterprises across the
Supplier Training value chain in pursuit of sustainable development pathways. Through sustained technological innovation and market expansion MEGMEET continues
to reinforce its core competitiveness thereby making a significant contribution to the prosperity of the electrical industry.During the reporting period the Company delivered over ten training In ???? MEGMEET actively participated in a wide range of international industry exhibitions and forums engaging in substantive dialogue with global
sessions on hazardous substance management requirements and customers to accurately gauge evolving market demand trends. The Company's presence extended to over ?? countries with participation in more
over forty training sessions on CSR system management to its than ?? exhibitions throughout the year.suppliers. These initiatives are designed to continuously enhance
supplier capabilities in environmental compliance and social respon-
sibility management thereby advancing the sustainable development
of the supply chain.? Industrial Cooperation and Development
University-Industry Research Collaboration
MEGMEET consistently places talent strategy at the core of its development agenda committed to fostering a high-quality talent ecosystem that drives
technological innovation and sustainable advancement within the industry. In ???? the Company further deepened its engagement with academic
Yihe Sanitary Ware at the ???? KBC Kitchen and Bathroom Exhibition
institutions collaborating with over ?? universities across Central East South and Northwest China. These partnerships encompass the establish-
ment of joint laboratories internship bases and technical exchange platforms as well as the creation of dedicated scholarships and grants thereby
providing young talent with dual pathways for research practice and career development.Focused on the forefront of industry technology the Company has engaged in research and development collaborations with leading universities
including Zhejiang University City University of Hong Kong Hunan University Xi'an University of Science and Technology and South China University
of Technology supporting students in addressing advanced and cutting-edge research topics. To enhance its appeal to top talent the Company has
implemented a comprehensive lifecycle management framework centered on "attract develop utilize and retain" offering customized career growth
trajectories from campus recruitment through to on-the-job empowerment.Leveraging its global R&D network MEGMEET continues to intensify investment in core technologies unlocking talent value through innovation and
injecting sustained momentum into the development of the intelligent electrical sector. During the reporting period the Company's total expenditure
on university-industry collaboration exceeded RMB ?.? million.In recent years MEGMEET has actively deepened industry-university-research collaborative innovation establishing partnerships with multiple
universities and research institutions including South China University of Technology Zhejiang University Hangzhou International Science and
Innovation Center Xi'an University of Science and Technology Zhejiang University City College Taizhou Research Institute of Zhejiang University of
Technology Taizhou Vocational and Technical College and Taizhou Research Institute of Zhejiang University. The corresponding industry-universi-
ty-research projects have all achieved successful R&D outcomes with a high conversion rate into industrial applications and favorable market
reception.
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Fostering Cohesion
Building Harmony
MEGMEET remains steadfast in its people-oriented approach strictly
establishing a standardized and equitable employment framework in
compliance with applicable laws and regulations. The Company continu-
ously refines its compensation and benefits packages career development
pathways and training mechanisms to effectively safeguard the legitimate
rights and interests of all employees.MEGMEET places a high priority on occupational health and safety
maintaining robust management systems and comprehensive training and
drill protocols to consistently cultivate a safe healthy equitable and
respectful working environment.The Company actively fulfills its social responsibilities and is deeply
committed to green operations and sustainable development. Through
concrete actions MEGMEET seeks to give back to society achieving
synergistic progress and long-term shared value creation among the
enterprise its employees society and the environment.The corresponding SDG target
Topics Covered in This Section
Protection of Employee Rights and Interests | Occupational Health and
Safety | Social Contribution
?、Protection of Employees' Legitimate ??
Rights and Interests
?、Occupational Health and ??
Safety Management System
?、Social Contribution ??
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? Protection of Employees' Legitimate Rights and Interests Remuneration and Benefits
MEGMEET has established its employee management system in strict accordance with the Labor Law of the People's Republic of China the Labor MEGMEET strictly abides by national and local labor laws and regulations to protect employees’ rights to wages working hours rest and leave. The
Contract Law of the People's Republic of China and other relevant laws and regulations ensuring compliance and fairness in recruitment dismissal Company has established the Management Procedures for Freedom of Occupational Choice and set up employee feedback channels to ensure
compensation promotion working hours leave and other management practices. The Company recruits and dismisses employees under the timely protection of employees’ legitimate rights and interests.principles of openness impartiality and fairness. It conducts exit interviews with former employees to understand their genuine feedback improve In accordance with the Labor Law of the People's Republic of China the Company has formulated the Employee Remuneration Management
employee management processes and job performance ensure the compliance and fairness of dismissal decisions and safeguard employees’ Measures to build a fair competitive incentive-based economical and legal remuneration system. The system is linked to employees’ job qualifica-
legitimate rights and interests. tion levels covering five major job families and specific remuneration grades are approved by the Human Resources Committee.Compliant Employment Performance Evaluation and Feedback
MEGMEET adheres to equal and compliant employment and is committed to creating a fair just safe and healthy working environment. The Company
strictly prohibits child labor and forced labor. Based on compliance with laws and regulations of various countries and regions it has formulated a The Company upholds the assessment principles of "objectivity impartiality and openness". Through the Employee Performance Management
number of employment management systems including the Management Regulations on Prohibition of Forced Labor and Management Procedures Measures it has built a diversified performance evaluation system that balances internal fairness and market competitiveness. In process manage-
for Relief of Child Labor and Protection of Minor Workers. It also explicitly prohibits the recruitment of child labor in the Employee Handbook to ment the Company has established a full-process feedback and appeal mechanism featuring "timely communication and investigation upon appeal".ensure compliant employment and protect employees’ legitimate labor rights and interests. Meanwhile the Company has developed the Code for If an employee disagrees with the assessment result and fails to resolve it through communication with the supervisor he/she may apply to the
Protecting Employees from Discrimination and Harassment specifying requirements for anti-discrimination anti-harassment and anti-maltreat- Human Resources Department for a review within the appeal period. The Human Resources Department promises to issue a fair ruling within ?
ment and established an employee reporting and protection mechanism to effectively safeguard the legitimate rights and interests of all employees. working days through multi-dimensional in-depth investigations (covering supervisors peers subordinates and business partners) and formally feed
The Company continuously improves its employee management system by formulating normative documents such as the Operating Specifications back the result to the employee and his/her department ensuring the transparency and credibility of performance appraisal.for Labor Contract Management Management Specifications for Social Recruitment and Operating Specifications for Recruitment and Onboard-
ing clarifying and protecting the rights and obligations of both employers and employees standardizing management and supporting the Group’s Benefit System
development. It adopts a talent introduction model combining open social recruitment and internal referral adheres to comprehensive evaluation
and merit-based employment and ensures that all applicants enjoy equal employment opportunities regardless of race religion age gender marital The Company defines its employee benefit system through the Employee Remuneration Management Measures and Employee Handbook. On the
status and other factors. basis of providing statutory benefits such as pension and medical insurance it continuously expands corporate benefit programs in line with its
development forming a comprehensive and flexible benefit security mechanism to effectively enhance employees’ sense of gain and belonging.The social insurance coverage rate of the Company’s employees remained ???% from ???? to ????. Statutory Benefits Corporate Benefits
Key Employee Performance Indicators ???? Social insurance and Meal allowance commercial insurance interest-free loans subsidies
housing fund statutory leave equity incentives employer liability insurance overseas accident insurance
Number of active employees at the end of the reporting period ?，???Professional Composition
Category of Professional Structure Number of people in each professional category (Person)
Production Staff ?，??? Employee Promotion and DevelopmentSales Staff ???
Technical Staff ?，??? Employee TrainingFinancial Staff ??
MEGMEET has formulated the Training Management System and Overseas Training Management System and promotes Group-wide training
Administrative Staff ??? management under the principle of "company-wide planning hierarchical implementation". The Human Resources and Administration Center sorts
out key training programs at each stage based on the Group’s strategic planning and business unit training needs and formulates the annual Group
Education Level training plan. Oriented by employees’ personalized needs it fully references job training programs professional course libraries knowledge lists and
Education level category Number of people other materials and proposes appropriate training methods and course content to meet employees’ growth and business development needs. The
Company conducts effectiveness evaluations for all training programs and optimizes them timely based on evaluation results. It also arranges
Doctorate & Professor ?? assessments for knowledge and operational training to strengthen learning outcomes and verify training quality.Master’s Degree ??? The Company prioritizes internal lecturer resources to enhance internal resource sharing and standardize the management of part-time internal
lecturers. It has formulated the Management Measures for Part-time Internal Lecturers clarifying requirements for lecturers’ qualification standards
Bachelor’s Degree ?，??? and lecture fees. In terms of internal lecturer development the Company identifies internal experts with specific skills or knowledge encourages themJunior College ?，??? to become internal lecturers and provides teaching skills training to improve knowledge delivery capabilities. Meanwhile it actively sources externallecturer resources through industry professional networks recruits external lecturers with practical experience and cooperates with professional
Below Junior College ?，???
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Various Training Activities
training institutions industry associations and academic institutions to continuously introduce high-quality teachers. To optimize the lecturer team
the Company has established a regular evaluation mechanism to assess teaching effectiveness and optimize the team accordingly. It also improves Eagle Training Camp (Social Recruitment Newcomers)
incentive and feedback mechanisms to ensure lecturers adjust teaching content and methods timely based on corporate needs and employee
feedback continuously improving training quality. The Company adopts centralized training focusing on team integration to
standardize new employee onboarding and probation management.Training is delivered in a hybrid online-offline model: online learning via the
E-learning platform with ? checkpoints and ?? courses covering company
In ???? a total of ???? training courses (including new courses) were planned ???? courses were actually completed introduction values interpretation safety training information system
??? courses were delayed/canceled and the training plan completion rate reached ??%. security financial expense reimbursement etc. with an online assessment
required upon completion; offline courses include Company and Product
Introduction Onboarding Guide Company Tour and team challenges for
corporate culture integration. A total of ??? participants in Shenzhen with
an offline training coverage rate of ??% effectively helping new employees
Organized and followed up by the Human Resources Department for all levels of employees including new employee
Company-level integrate quickly.Training onboarding training management cadres training internal lecturer training general quality and skill training key
skill/knowledge/system process training and implementation of externally introduced intensive training programs.Eaglet Training Camp (Campus Recruitment Newcomers)
Business Unit-level Planned and implemented by training administrators of each first-tier unit for internal employees including workflow
Training training basic professional skill training experience sharing practical drills etc. Centered on four goals of culture integration role transformation team
integration and professional consolidation the Company cultivates reserve
talents. A total of ??? new college graduates participated in intensive
External Overseas or external training can be applied for to cultivate talents for key positions and scarce specialties and
training held simultaneously in Changsha Shenzhen and Zhuzhou. The
Training improve corporate management and technical capabilities. curriculum is developed with business departments in advance combining
offline theoretical training and online learning maps to continuously
optimize the training system. Cultural integration activities such as outward
bound training executive meetings personal growth stories and workplace
Training Implementation Process sharing enhance corporate culture identity and team cohesion. Learning
outcomes are fully assessed through regularization defense and Eaglet
summary activities in the later stage.Course Information Pre-course Course Implementation Data Sorting
Confirmation Preparation Follow-up and Feedback
Confirm course content and Prepare training venues invite Organize training trainee Submit sorted course materials Soldier Training Camp (New Workers)
lecturer information before lecturers notify trainees sign-in photo filing course sign-in sheets training photos
training collect course materials etc. evaluation and course evaluation forms
Special training is provided for new workers at the Zhuzhou manufacturing
base covering company and product introduction corporate culture rules
and regulations daily conduct quality policy ESD ?S ROHS and EHS
The company's Human Resources Department has identified key training programs for each phase based on the corporate strategic
plan and the training needs of various business units. awareness. Training data: ????? Type A participants with ????? passing
(??.??% pass rate); ???? Type B participants with ???? passing (??.??%
pass rate) laying a solid foundation for new employees to adapt to posts and
standardize operations.New Employee Development Programs On-the-job Empowerment Programs
Social Recruitment Newcomers ? "Eagle Training Camp" Online Team Leader Improvement ? "Elite Training Camp" Elite Training Camp (New Team Leaders)
Campus Recruitment Newcomers ? "Eaglet Training Camp" Reserve Cadre Development ? "Brigadier General Training Camp"
New Workers ? "Soldier Training Camp" Management Cadre Capability Improvement ? "Strong General Held semi-annually with a mentor coaching mechanism the program
New Team Leaders ? "Elite Training Camp" Training Camp" systematically develops reserve talents. A total of ?? participants (??
New Employee Probation and Regularization Management ? Second/Third Echelon Management Cadres ? "Major General Training Camp" foremen ?? team leaders) ? dropped out due to illness and work conflicts "On-the-job Training and Regularization Management"
Monthly Courses ? "On-the-job Skill Improvement" with a ???% retention rate and ??.?% training retention rate reflecting the
effectiveness of the training system and high participation.
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Vanguard Training Camp Mentor Coaching
Systematic training for ???? junior college graduates held twice a year The Company has established a sound mentor selection and probation
combining offline courses and online learning platforms with on-site management mechanism. Mentors are designated by department heads:
practice DingTalk group management assessments and periodic feedback. employees with ≥? years of service positive performance cultural
?? participants from the ???? Chemical Engineering Class ?? retained alignment no violations and core team performance. Mentors provide
(??.?% retention rate). Training stages: Phase ? (?? theoretical courses ?.? coaching-based guidance develop job learning maps conduct regular
hours ???% pass rate); Phase ? (November?December: ??? monthly reports performance reviews and complete online probation management records
collected ?? issues surveyed regular seminars to track growth). and training plans within ? working days of a new employee’s onboarding.They are fully responsible for new employee development culture
integration and daily guidance as well as probation adaptation skill
improvement and regularization. Probation management ensures timely
mentoring and on-time regularization.Grassroots Management Reserve Training流程完整性过程时效性审核完整性
To strengthen managers’ understanding of behavioral performance and
team management methodology the Company optimized Manager Role
Cognition course (adding ?? management competencies) developed
Building High-Performance Teams course and co-created From Profes-
sional to Management Experience Sharing course across regions. A total of Training Type/Theme Number of Training Sessions ????
? on-site training sessions ?? lecturers ??? participants with an overall
course satisfaction score of ?.? and ??% coverage. Social Responsibility ??
Trade Security ?
Work Safety ???
Management Skills ???
Management Experience Sharing Series Engineering & Technology ???
Quality System ???
To promote best practices across departments the Company held training
sessions including Road Vehicle Business Unit Cost Reduction Path Sharing
Comprehensive Quality ??
(???+ participants) Oulead Reform Management Experience Sharing (???+
participants) Road Vehicle Business Unit Quality Management Experience Fresh Graduate Development ??
Sharing (in progress). Cross-cultural training: China-Thailand Cross-Cultur-
al Communication (???+ participants) China-India Cross-Cultural Commu- Onboarding Training ??
nication (???+participants). Excellent Project Management Experience
Sharing (???+participants) facilitating internal experience replication and Total Training Sessions ????
improving management capabilities.Total Training Cost (RMB ten thousand ) ??.??
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Promotion Mechanism
Employee Care and Activities
The Company has formulated the Employee Job Position Management Specifications clarifying employment rules processes management bodies
and responsibilities. It focuses on employees’ career development and provides a smooth dual-channel promotion system and broad horizontal Employee care is a core mission of MEGMEET. Through a series of concrete measures the Company demonstrates care and support for employees
development space. enhancing their well-being and work motivation.Career Ladder & Grade System Overview
The Company continuously builds a comprehensive employee care system regularly holding new employee
Employee
Job Family Job Category ReferencePosition Position Exchange seminars and graduate seminars to promote communication enhance team cohesion and talent belonging.Meetings Rich cultural activities are organized around traditional festivals sports events and cultural & sports associa-
Employee Technical Family Marketing &Sales Professional Operations Employee tions to foster a positive and harmonious organizational atmosphere.Management Family types types
Technical Professional Technical Management Family Support Family
?? CEO、COO、CTO、CFO
?? Group Deputy ?? Chief Scientist
?? General Manager ?? Senior Principal Expert Chief Engineer Support for The Company attaches great importance to caring for employees in need establishing a management system
R&D Technology Director Employees for financial assistance and care services. In ???? the Company launched a Group-wide donation for family ? Department General Manager ? Principal Expert Senior Project Manager ? Director ? Principal Expert
Staff in Need members of sick employees supporting ? employees in need with a total aid amount of RMB ??????.??.? Department Director R&D Technology Manager? Senior Staff Engineer Senior Project Manager ? Senior Manager ? Senior Staff Specialist
? Department Manager ? Senior Engineer Project Manager ? Manager ? Senior Specialist
? Engineer ? Engineer ? Specialist ? Senior Master Technician
? Assistant Engineer ? Assistant Engineer ? Assistant Specialist ? Master Technician
? Sample Preparation
Technician ? Sales Representative ? Cleaning Supervisor ? Senior Technical Operator
? Cleaning Team Leader ? IntermediateTechnical Operator
? Junior Technical Worker? Cleaner Opetator
? General Operator
Promotion channels for R&D personnel
Ultimately grows into operation &management roles
CEO、COO、CTO（??）
The Company regularly organizes mental health lectures health physiotherapy and other welfare activities to
Group Deputy GeneralManange（r ??、??） Female focus on employees’ physical and mental health. It cares for female employees through Women’s Day
Employee activities and implements the parental leave policy: ?? days of parental leave per year for employees with
Care children under ? years old providing all-round protection.Chief Scientis（t ??）
Chief Engineer / DeputyChiefEngineer（ ??） Senior R&D Exper（t ??）
General Manager / DeputyGeneral Manager（ ?）
Senior Project Manager/R&DTechnical Director（ ?） R&D Expert（ ?）
Department Directo（r ?）
Senior Project Manager/R&DTechnical Manager（ ?） Senior R&D Enginee（r ?）
Department Manage（r ?）
Project Manager（ ?） Senior R&D Engineer（ ?）
Party Branch Activity Health Lecture Party Branch Activity
Promotion Track ?: TechnicalManagement PromotionTrack ?:TechnicalProfessional Promotion Track ?:Management
Case: Employee Psychological Counseling Room
R&D Enginee（r ?）
Assistant R&D Enginee（r ?） Megmeet Changsha Intelligent Industry Center has set up an employee psychological counseling
room equipped with a dedicated external psychological counseling team providing personalized
Lab Technician / Teste（r ?）
psychological counseling services for employees. It offers a safe and private space to address psycho-
logical distress from work and life.The Company has established an employee skill improvement incentive mechanism providing registration fee subsidies for skill certificate examina-
tions such as PMP low-voltage electrician certificates and welder certificates. It implements expense reimbursement for intermediate and senior
professional title applications: full reimbursement for those who pass half reimbursement for those who fail.
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Democratic Management and Communication
During the reporting period the Company newly formulated safety management systems including the Safety Management System for External
The Company has established and improved the employees' congress system as a core platform for democratic management and employee rights Operators and Safety Observation and Communication Procedures and revised and improved a number of documents such as the Emergency
protection. Through the employees' congress the Company implements the employee director selection mechanism to ensure employee representa- Preparedness and Response Control Procedures and Operating Instructions for Wearing Labor Protection Articles.tives directly participate in major corporate decisions protecting employees’ legitimate rights and interests from the governance source. During the reporting period Shenzhen Megmeet Electric Co. Ltd. and its holding subsidiary Blue River Valley continuously held the ISO ?????:????
To broaden democratic management channels the Company has built an internal forum as a regular platform for employees to express demands and Occupational Health and Safety Management System Certification.feedback opinions. Through the forum management can timely listen to frontline voices understand employee concerns and effectively protect
employees’ right to information and participation.Occupational Health Protection Measures
Occupational Health Risk Management
In risk prevention and site management the Company adopts the LEC risk assessment method to identify and classify occupational health risks
quantitatively evaluating risk exposure time severity and number of exposed personnel. It establishes and reports a major hazard source list
improves a multi-channel hidden danger investigation mechanism conducts regular inspections with closed-loop management and encourages full
participation in hidden danger detection.Emergency Management
MEGMEET has established a sound emergency management system covering three types of emergencies: chemical leakage fire and explosion and
terrorist violence building a full-process control mechanism of "Prevention first hierarchical response collaborative disposal and continuous
improvement" to fulfill compliance and principal responsibilities in environmental and social aspects.? Occupational Health and Safety Management System In risk prevention and emergency preparedness the Company accurately identifies hazard factors of various emergencies defines key prevention
parts such as chemical storage areas production workshops and densely populated areas. It reduces accident risks from the source through standard-
ized container use daily safety inspections improved emergency protection facilities full-staff safety training and emergency drills. Meanwhile it
establishes a comprehensive emergency support system clarifies the composition and responsibilities of the emergency headquarters and special
Occupational Health and Safety Management System teams (e.g. comprehensive coordination rescue) allocates sufficient emergency supplies and equipment and improves communication mecha-
nisms to ensure efficient emergency response.MEGMEET has formulated the Occupational Health and Safety Control Procedures
improved organizational guarantees established a safety committee and trade In emergency disposal and response the Company formulates standardized procedures for different emergencies clarifying operational norms for
union clarified the responsibilities of the Safety Management Department formulat- alarm evacuation on-site control and aftermath. It adheres to the "people-oriented" principle prioritizing personnel safety while preventing environ-
ed special target plans and promoted performance and inspection by all depart- mental pollution and property losses. For chemical leakage it standardizes disposal methods for liquid solid and gaseous leaks to control secondary
ments forming a pattern of "full participation hierarchical responsibility and risks; for fire and explosion it specifies requirements for fire fighting rescue and material transfer; for terrorist violence it builds a three-dimensional
collaborative control". prevention system of human physical and technical defenses with hierarchical response measures.The Company regularly tests hazards in the workplace and publicizes relevant
systems and test results; standardizes labor protection supplies management In system optimization and continuous improvement the Company establishes a regular review and dynamic improvement mechanism for emergen-
reasonably arranges positions and controls labor intensity prohibits risky operations cy plans optimizing content based on legal updates operational changes and drill feedback to fill management gaps. Through regular training and
and opens channels for reporting "three violations". For female employees the trade drills it improves full-staff emergency awareness and disposal capabilities promoting standardized refined emergency management.union leads the implementation of "five-phase" protection in strict accordance with
the Special Provisions on Labor Protection for Female Employees reducing quotas During the reporting period Megmeet Zhuzhou Base held a total of ?? emergency drills covering fire anti-terrorism mechanical injury chemical
and arranging rest for pregnant employees and ensuring working hours for prenatal leakage electric shock and food poisoning.Megmeet Occupational Blue Valley Occupational
examinations reflecting humanistic care. The Company standardizes operation sites
Health and Safety Health and Safety
requires employees to practice "three-no-harms" (no harm to oneself no harm to
Management System Management System
others no harm by others) optimizes equipment protection and reduces safety and
Certification Certificate Certification Certificate
occupational health risks.
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Safety Training
Anti-Terrorism Drill
On this basis subsidiaries promote system implementation: Zhuzhou Electric formulated the Safety Training Management Measures carrying out
regular emergency drills and skill training to integrate emergency response capacity into daily management improving full-staff emergency
awareness and practical capabilities. The Company formulates and implements annual occupational health safety training and drill plans adopting a
hierarchical training model (Safety Management Department trains safety officers who then train employees) with sign-in and assessment via QR
code answering based on the annual training plan.During the reporting period MEGMEET’s safety training covers the full process of production and operation safety control focusing on two core areas:
?. Special safety management training: covering fire safety special equipment and operation safety hazardous waste management comprehensive
production safety chemical safety to strengthen risk identification and prevention.?. Practical skill and protection training: including first aid summer heatstroke prevention handling tool safety electrical safety and correct use of
labor protection articles to improve on-site operation and emergency capabilities.Nighttime fire drill
Chemical Spill Emergency Drill
Safety Training on Personal Protective Equipment Work Safety Management Training
Emergency drill for electric shock incidents
Safety Accident Event Analysis and Safety Training Electrical Safety Training
During the reporting period Megmeet Zhuzhou Base held ?? occupation-
al health and safety training sessions.
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? Social Contribution
Occupational Disease Prevention Measures
The Company attaches great importance to employee occupational health and safety formulating and strictly implementing the Occupational The Company values corporate social value. While developing itself it fulfills its due responsibilities and obligations pays taxes in accordance with the
Disease Prevention Management System. It systematically identifies occupational disease hazards in welding grinding shot blasting and other law cares for vulnerable groups supports social charity actively participates in public welfare activities and strives to build a good corporate image.operations and fulfills disclosure obligations during recruitment. For toxic and harmful posts it implements standardized employment management
clarifying occupational health examination requirements for onboarding transfer in-service and offboarding standardizes post adjustment for
employees with occupational contraindications and occupational diseases equally protects dispatched employees’ occupational health rights and
prohibits arranging minor workers pregnant and lactating female employees to engage in hazardous operations. It also improves occupational health Community-Enterprise Cooperation· Lantern Festival Warmth Delivery
archives keeping complete records of employment history hazard exposure examination results and medical data.For hazard prevention the Company adheres to the principle of "prevention first source control" strictly implements the "three simultaneous" Content
system for construction project occupational health and controls dust toxic gases noise and ionizing radiation. It reduces hazards through process Consolation materials and greetings for disadvantaged families and
improvement equipment sealing purification and personal protection standardizes site management and conducts regular emergency drills. The empty-nesters
Company establishes a regular monitoring testing and evaluation mechanism for occupational disease hazards entrusting professional institutions
to conduct annual workplace testing setting monitoring points and publicizing results timely rectifying non-compliance items to improve the Beneficiaries & Quantity
working environment and prevent occupational diseases. ~??? households/people
In addition the Employee Handbook stipulates that employees must wear personal protective equipment correctly before entering specific posts or Investment
operations. Combining institutional constraints and skill training the Company moves occupational health risk prevention forward to the operation
front-end. Rice cooking oil ~RMB ????
Public Welfare Blood Donation
Work Safety Measures
Content
The Company continuously strengthens occupational health and safety governance for subsidiaries and production bases. Zhuzhou Electric formulat- Voluntary blood donation
ed and implemented the Fire Safety Control Procedures clarifying fire and explosion prevention and response processes strengthening fire facility
maintenance and fire safety organizations and conducting regular drills and inspections to prevent fires and protect personnel and property.Beneficiaries & Quantity
The Company has formulated the Safety Inspection Management Measures clarifying that the Safety Committee oversees safety supervision inspec- Multiple employees
tion and closed-loop management. It defines inspection content scope and frequency and establishes a Safety Inspection Problem Statistics Table
to realize traceable hidden danger investigation and rectification ensuring group safety standards are implemented at all levels.The Company prioritizes employee labor protection and physical and mental health conducting regular physical examinations providing labor
protection supplies and facilities and strictly implementing national labor safety and social security standards.Zhejiang University Scholarships & Grants
Content
Indicator Target ???? ???? ???? For nine consecutive years the company has collaborated with the School of
Electrical Engineering at Zhejiang University on student assistance programs
Number of work-related fatalities Person ? ? ? offering ?? scholarship awards and ??? financial aid grants to support students in
completing their studies. As of December ???? over ??? students have received
these awards and grants
Number of work-related lost workdays Day ???.? ??? ???
The company also established the Megmit Scholarship and Financial Aid Program
to recognize outstanding students in the School of Electrical Engineering at
Work-related injury insurance expenditure RMB ten thousand ???.?? ???.?? ???.?? Zhejiang University and to assist financially disadvantaged students in successfully
completing their university education.Work-related injury insurance coverage rate % ??? ??? ???
Beneficiaries & Quantity
???+ students
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Smile Foundation Medical Clinic Appendix
Content
In April ???? the company collaborated with the Indian charitable organization
Smile Foundation to launch a public welfare medical initiative. The program not ESG Key Performance Data Sheet
only provided systematic and comprehensive health examinations for over ????
local residents but also distributed free medications to patients suffering from
common and chronic diseases. Additionally specialized lectures were conducted Climate Change Response
focusing on two core themes: women's health and child nutrition aiming to
educate residents on disease prevention and daily hygiene practices. This dual
approach of "diagnostic and therapeutic support" and "health education" Indicator Unit ???? ???? ????
effectively safeguarded community health.Beneficiaries & Quantity Investment Total GHG Emissions tCO?e ??，???，???.?? ??，???，???.?? ????????.??????+ residents RMB ?????
Scope ? GHG Emissions tCO?e ?，???.?? ???.?? ????.??Mediways Medical Clinic
Content Scope ? GHG Emissions tCO?e ??，???.?? ??，???.?? ?????.??In August ???? the company further intensified its medical philanthropy initia-
tives by partnering with the Mediways Health Foundation. Through financial
donations and joint event organizations the collaboration provides free medical Scope ? GHG Emissions tCO?e ??，???，???.?? ??，???，???.?? ????????.??assistance specifically to local female students and their family members
precisely addressing the health needs of women and their families. This initiative
effectively alleviates the shortage of medical resources in remote areas and GHG Emission Intensity tCO?e/RMB ten thousand ??.?? ??.?? ??.??
demonstrates the company's commitment to improving healthcare conditions of Operating Revenue
and enhancing public health outcomes in India's underserved regions through
Note 1：The greenhouse gas accounting scope is limited to ten entities under the MEGMEET Group including Zhuzhou Electric Yihe Sanitary Ware Megmeet Thailand and Shen-
sustained practical actions. zhen Megmeet. The calculation and statistical methods adhere to the GHG Protocol greenhouse gas accounting system.Note 2：Scope ? greenhouse gas emissions refer to direct emissions resulting from the consumption of natural gas gasoline and diesel by the company's own equipment and
Beneficiaries & Quantity Investment vehicles.????+ residents RMB ????? Note 3：Scope ? greenhouse gas emissions refer to indirect emissions resulting from the company's purchased electricity.Note 3：Scope ? ? Main sources of greenhouse gas emissions include: purchased goods and services; capital goods; fuel and energy-related activities; upstream transportation
and distribution; operational waste; business travel; employee commuting; upstream leased assets; downstream transportation and distribution; processing of sold
products; use of sold products; disposal of sold products; downstream leased assets; franchising; and investment.Employee appreciation
Energy Utilization
Content
We actively pay attention to the practical difficulties faced by our employees and
their families and promptly extend a helping hand so that employees can truly Indicator 单位 ???? ???? ????
feel the warmth and support of the group. We launched a group-wide fundraising
campaign for the families of employees suffering from illnesses and received
???? donations totaling RMB ??????.??. Total Power Consumption MWh ??，???.?? ??，???.?? ??????.??Beneficiaries & Quantity Investment PV Power Consumption MWh ?，???.?? ?，???.?? ????.??? people RMB??????.??
Municipal Power MWh
Consumption ??，???.?? ???，??.?? ?????.??Poverty Alleviation Comprehensive tce
Energy Consumption ?，???.?? ?，???.?? ?????.??Content Investment
Purchasing agricultural products for counterpart poverty Comprehensive Energy kgce /RMB ten thousand RMB ????? ?.?? ?.??
alleviation Consumption Intensity of Operating Revenue
??.??
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Waste disposal Employee Statistics
Indicator Unit ???? ????
Employee Category ???? ???? ????
Hazardous Waste ton ?.?? ???.??
Number of active employees ?，??? ?，??? ?，???Total Non-hazardous Waste ton ?，???.?? ?，???.??Professional Structure
Note 1：Hazardous waste refers to waste that possesses toxic corrosive flammable reactive infectious or other hazardous properties which may pose direct or potential risks to
the ecological environment or human health. Category of Professional Structure Person
Note 2：Non-hazardous waste refers to waste that does not possess hazardous properties such as toxicity corrosiveness flammability reactivity or infectivity and that does not pose
significant harm to the ecological environment or human health during normal treatment or natural degradation processes.Production Staff ?，??? ?，??? ?，???Sales Staff ??? ??? ???
Water Resources Utilization
Technical Staff ?，??? ?，??? ?，???Indicator Unit ???? ???? ????
Financial Staff ?? ?? ??
Total Water Consumption ton ???，??? ???，??? ??????Administrative Staff ??? ??? ???
Total Water ton / RMB ten thousand
Consumption Intensity ?.?? ?.?? ?.??of Operating Revenue
Education Level
Education level category Pearson
Doctorate & Professor ? ? ??
Data Security
Master’s Degree ??? ??? ???
Indicator Unit ???? ???? ????
Bachelor’s Degree ?，??? ?，??? ?，???Data Security Incidents Count ? ? ?
Junior College ?，??? ?，??? ?，???Customer Privacy Breach Incidents Count ? ? ?
Below Junior College ?，??? ?，??? ?，???
89 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 90Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Employee Training and Development Supply Chain Management
Indicator Unit ???? ???? ???? Product Category Number of Suppliers Providing Number of Suppliers Providing
Products to Magmit in ???? Products to Magmit in ????
Social Responsibility Training sessions ??? ??? ??
Category ? - Semiconductors ??? ???
Trade Security Training sessions ?? ?? ?
Work Safety Training sessions ??? ??? ??? Category ? - Magnetic Components ??? ???
Management Skills Training sessions ??? ??? ???
??????
Engineering & Technology Training sessions ?? ??? Category ? - Metal Structural Parts???
Quality System Training sessions ??? ??? ???
Business Ethics
Comprehensive Quality Training sessions ??? ??? ??
Fresh Graduate Development Training sessions ?? ?? ?? Anti-Commercial Bribery and Anti-Corruption Training Statistics
Onboarding Training sessions ??? ??? ??
Indicator Unit ???? ???? ????
Total Training Sessions sessions ?，??? ?，??? ????Number of directors trained Persons ? ? ?
Innovation-driven Percentage of directors trained % ??? ??? ???
Number of management
personnel trained Persons ??? ??? ???Indicator Unit ???? ???? ????
Percentage of management
Proportion of R&D investment in % ??? ??? ???
main business revenue % ??.??% ??.??% ??.??%
personnel trained
Number of employees trained Persons ???? ???? ????
Number of R&D personnel Persons ?，??? ?，??? ?，???Proportion of R&D personnel Percentage of employees trained % ??? ??? ???
%??.??%??.??%??.??%
in total employees
Executive Remuneration Corporate Governance
Indicator Unit ???? ???? ???? Indicator Unit ???? ???? ????
Number of Directors Supervisors Persons ?? ?? ??＊
and Senior Management Number of Shareholders' Meetings held Sessions ? ? ?
Total Remuneration of Directors RMB ten thousand ???.?? ???.?? ???.??
Supervisors and Senior Management Number of Board of Sessions ? ? ?
Supervisors Meetings held
Total Employee Remuneration RMB ten thousand ??????.?? ??????.?? ??????.??
Remuneration Ratio of Directors Number of Board of‰ ?.?‰ ?.?‰ ?.?‰ Directors Meetings held Sessions ? ? ?
Supervisors and Senior Management
Note＊: During the Reporting Period one independent director of the Company completed their term and left office; due to the dissolution of the
supervisory board three supervisors left office among whom one was transferred to serve as an employee representative director.
91 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 92Compliance Foundation Green Manufacturing Powered by Tech Win-Win Fostering Cohesion Shenzhen Megmeet Electrical Co. Ltd.About MEGMEET Steady Distance Ahead Zero-Carbon Future through Chain Collaboration Building Harmony Environmental Social and Governance (ESG) Report 2025
Report Preparation Standards Index Table
Green Operations / ???-? Reduction of energy consumption
???-? Management of water discharge related impacts
Section of Corresponding Water Resource
Reference GRI Topic Disclosures Article ?? ???-? Water withdrawal
This Report SZSE Provisions Utilization
???-? Water consumption
?-? Organizational details
About This Report Article ? ?-? Entities included in the organization’s sustainability reporting ???-? Water discharge
Article ? ?-? Reporting period frequency and contact point Environmental ???-? Waste generation and significant waste-related impacts
Compliance Article ?? ???-? Waste generated
Message from Management ???-? Waste diverted from disposal
the Chairman / /
???-? Waste directed to disposal
?-? Organizational details
About MEGMEET /
?-? Activities value chain and other business relationships Circular Economy Article ?? ???-? Recycled input materials used
?-? Governance structure and composition Ecosystem and Article ?? ???-? Significant impacts of activities products and services
?-?? Nomination and selection of the highest governance body Biodiversity Protection on biodiversity
/
Governance ?-?? Remuneration policies Innovation-Driven Article ?? /
?-?? Process to determine remuneration
?-?? Compliance with laws and regulations Product Quality Article ?? ???-? Assessment of the health and safety impacts of product
and Safety and service categories
due diligence Article ?? / Customer Service Article ?? /
Management
Stakeholder Article ? ?-?? Approach to stakeholder engagement Data and Information ???-? Substantiated complaints concerning breaches ofArticle ??
Communication Article ?? Security customer privacy and losses of customer data
???-? New suppliers that were screened using environmental criteria
?-? Process to determine material topics
Supply Chain Security Article ?? ???-? Negative environmental impacts in the supply chain andDouble Materiality Article ? ?-? List of material topics actions taken
Assessment
?-? Management of material topics ???-? New suppliers that were screened using social criteria
?-?? Role of the highest governance body in overseeing the Industrial Cooperation
Sustainable Article ?? /
Article ?? management of impacts and Development
Development
Article ?? ?-?? Role of the highest governance body in sustainability reportingManagement ???-? New employee hires and employee turnover
?-?? Communication of critical concerns ???-? Benefits provided to full-time employees that are not provided
Anti-commercial ???-? Communication and training about anti-corruption Protection of to temporary or part time employees
Bribery and Article ?? policies and procedures Employees' Legitimate Article ?? ???-? Programs for upgrading employee skills and transition
Anti-corruption ???-?Confirmed incidents of corruption and actions taken Rights and Interests assistance programs
Anti-Unfair ???-? Legal actions for anti-competitive behavior anti-trust and ???-? Percentage of employees receiving regular performance and
Article ??
Competition poly practices career development reviews
???-? Financial implications and other risks and opportunities due ???-?Occupational health and safety management system
Article ?? to climate change Occupational Health ???-? Hazard identification risk assessment and incident investigation
Article ?? ???-? Direct (Scope ?) GHG emissions ???-? Occupational health services
Climate Change and Safety Article ??Article ?? ???-? Energy indirect (Scope ?) GHG emissions ???-? Worker training on occupational health and safety
Response Management System
Article ?? ???-? Other indirect (Scope ?) GHG emissions ???-? Workers covered by an occupational health and safety
Article ?? ???-? GHG emissions intensity
management system
???-? Reduction of GHG emissions
Article ??
???-? Energy consumption within the organization Social Contribution ???-? Political contributions
Article ??
???-? Energy consumption outside of the organization
Energy Utilization Article ??
???-? Energy intensity Article ?
???-? Reduction of energy consumption Appendix /Article ??
93 Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report Shenzhen Megmeet Electrical Co. Ltd.Environmental Social and Governance (ESG) Report 94
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