About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
CONTENTS
About Easpring Governance Quality Innovation and Development
Company Introduction 07 Sustainability Management 15 Innovation 49
Key Performance of 2025 09 Corporate Governance 33 Intellectual Property Management 59
ESG Awards and Ratings 11 Product Quality and Safety 63
Intelligent Manufacturing 68
About the Report 01
Chairman's Statement 03 01 02 03
Appendix 161
Environmental Protection Value Chain Management Employee and Community Care
Climate Response 73 Supply Chain Management 109 Employee Management 127
Resource Management 91 Client Service 119 Employee Training and Development 137
Environmental Compliance 95 Industry Development 123 Occupational Health and Safety 143
Pollutant and Waste Social Contribution 157
Management 101
04 05 06About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
About the ReportBeijing Easpring Material Technology Co. Ltd. 2025 Sustainability Report" (ESG Report or the "Report) is the third sustainability report released by Beijing Easpring Material Technology Co. Ltd. (the "Company or“Easpring"). The purpose of the report is to presentthe objectives management methods work progress and performance of Easpring related to environmental social and corporate governance to various stakeholders.Reporting Period The preparation process of this report complies with the Sustainability Reporting * Timeliness：The report is an annual report and is released at the same time
Standards (GRI Standards) of the Global Reporting Initiative and also refers to the
The report covers the period from January 1 2025 to December 31 2025 and as Easpring's 2025 annual report to provide timely information reference for United Nations Sustainable Development Goals (SDGs) and key issues of concern
some contents are reasonably extended to enhance comparability and forward- stakeholders to make decisions.to mainstream ESG ratings at home and abroad.looking reporting. * Verifiability：The source and calculation process of the quantitative data
Reporting Scope Reporting Principles
disclosed in the report can be traced and can be used to support external
verification.The content contained in this report covers Easpring and its subsidiaries which The report is prepared in accordance with GRI reporting principles：
include: * Accuracy：The report is dedicated to providing accurate information. In the Data Source and Reliability Assurance
* Jiangsu Easpring Material Technology Co. Ltd. (hereinafter referred to as process of data collection collation and analysis the statistical caliber and
Easpring Jiangsu) calculation basis of quantitative data are clarified and through a strict review The financial data cited in this report comes from the audited "2025 Annual
* Easpring Technology (Changzhou) New Materials Co. Ltd. (hereinafter process it is ensured that there are no false records misleading statements or Report" of Beijing Easpring Material Technology Co. Ltd. and other data come
referred to as Easpring Changzhou) major omissions in the report content. from Easpring's public information internal official documents and relevant
* Easpring SDIG (Panzhihua) New Materials Co. Ltd. (hereinafter referred to as * Balance：The content of the report reflects objective facts impartially statistics. Unless otherwise stated the monetary amounts involved in the report
Easpring SDIG Panzhihua) presents Easpring's performance in all aspects of ESG and tries to avoid are measured in RMB.* Beijing Zodngoc Automatic Technology Co. Ltd. (hereinafter referred to as any content that may affect the decision-making or judgment of relevant
Beijing Zodngoc) parties.* Beijing Dark Horse Intelligence Equipment Co. Ltd. (hereinafter referred to as Get and Respond to the Report
Dark Horse) * Clarity：The report provides auxiliary content such as charts and
terminology definitions. At the same time this report also provides a table of
* Easpring (Hong Kong) Co. Limited (hereinafter referred to as Easpring Hong The report is published in Simplified Chinese and English. In case of ambiguity
Kong) contents and a benchmarking index table of ESG-related standards to help in the understanding of the text please refer to the Simplified Chinese version.relevant parties quickly locate the required content.* Easpring (Hong Kong) Investment Co. Limited (hereinafter referred to as Readers can check and download the electronic documents of this report on
Easpring HK Investment) * Comparability: The report and subsequent annual ESG reports use Easpring's official website (http://www.easpring.com.cn) and cninfo.com
Easpring Investment Lux S.à r.l. (hereinafter referred to as Easpring Lux) consistent disclosure statistical methods. If there is any change in statistics (http://www.cninfo.com.cn). If you have any questions suggestions and*
anddisclosure methods it will be fully explained in the notes to the report so that comments about this report please contact Easpring through the following
* Easpring Finland New Materials Ltd (hereinafter referred to as Easpring Finland)
relevant parties can carry out meaningful analysis and evaluation. methods.Address：Building 21 Area 18 Headquarters Base No. 188 South 4th Ring
Reporting Guidance * Completeness: Unless otherwise stated the scope of information disclosed Road West Fengtai District Beijing China Phone：010-52269718
in this report covers Easpring and its subsidiaries. Fax：010-52269720-9718This report is prepared in accordance with “Self-Regulatory Guidelines No. 17 forCompanies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial * Sustainability Context: The report identifies potential impacts on Email：securities@easpring.comImplementation)” (hereinafter referred to as the Guidelines) and Self-Regulatory stakeholders in terms of environmental social and governance in
Guidance No. 3 for Companies Listed on the ChiNext Market of Shenzhen Stock conjunction with current sustainability trends and provides management
Exchange—Preparation of Sustainability Report. methods and performance of Easpring.
01 02About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
At present the penetration rate of new energy vehicles continues to rise We focus on culture building to unite our teams. We
and the demand for new energy storage is experiencing explosive growth. promote a corporate culture centered on "Striving
The lithium-ion battery industry has emerged as strategic focal points for Innovating Wisdom Culture Health and Care"
international cooperation and competition. This year we accelerated our empowering organizational strength with cultural soft
global expansion. The construction of Easpring Finland new materials power to inspire motivation and belonging among
industrial base project officially commenced enabling us to deeply employees. Through organizational reforms we
integrate into the ecosystem of the high-end new energy industry chain established an efficient operational system and a
and accelerate our transformation from a "product supplier" to an leadership model to enhance management capabilities
"industrial enabler" driving the global energy transition. coordination and overall effectiveness.We adhere to innovation-driven development and continuously We prioritize ESG practices striving for excellence in
consolidate our technological leadership. By emphasizing both sustainability. We released a foundational sustainability
technological breakthroughs and industrial application we translate policy improved our compliance management system
technological advantages into product strengths. Our dual-phase and obtained dual certifications domestically and
composite ultra-high-nickel cathode material for solid-state batteries was internationally. Our ESG efforts have received multiple
successfully included in the State-owned Assets Supervision and recognitions including inclusion in the People's Daily
Administration Commission of the State Council's Central Enterprises' Overseas Edition's "2025 China Enterprise ESG 100 Index"
Recommended Catalog of Technological Innovation Achievements (2024 and ranking in the "ESG Golden Bull Award Top 100" for
Edition). Our high-energy-density long-life ternary material won the first two consecutive years. Several practices were recognized
prize for scientific and technological progress in China's non-ferrous as exemplary cases by the Ministry of Ecology and
metals industry. Additionally multiple products including high-voltage Environment and the China Association of Public
single-crystal ternary materials and high-efficiency high-safety lithium
Chairmen's Companies. Moving forward we will uphold higher iron phosphate materials for energy storage have achieved sustainability standards and contribute to harmonious internationally leading comprehensive performance levels. These coexistence between humanity and nature.Statement advancements have enabled stable and large-scale supply to leading battery manufacturers both domestically and abroad significantly Those who plan for the long term achieve stability;
strengthening our advantageous position in the global new energy those with patience reach far. 2026 marks the
industry chain. beginning of the 15th Five-Year Plan and a critical year for
us to build on our momentum and embark on a new
We remain committed to green transformation and driving journey. From this new starting point we will focus on our
2025 was an exceptionally challenging yet remarkably fruitful year for Easpring. comprehensive low-carbon development across our supply chain. "Value First Moderate Scale Innovation-Led Quality and
Confronting profound challenges in the lithium battery industry—such as significant By leveraging digitalization to restructure carbon management logic we Efficiency-Driven" strategy. We will strengthen the
established the Easpring Carbon Management Platform elevating carbon foundation for high-quality development through
restructuring overcapacity and "rat race" competitions—Easpring broke through the management to a core component of operational decision-making. excellent governance empower a sustainable industry
adversity and exceeded its annual performance targets. Both net profit and operating Despite ongoing capacity expansion across our production bases the future with green practices and deliver solid performance
greenhouse gas emission intensity per unit of product decreased by 2.4%
cash flow remained at the forefront of the industry delivering an outstanding report to reward investors and society fully committed to year-on-year achieving a synergy between growth and carbon reduction. writing a new chapter of high-quality sustainable
card characterized by robust growth and high-quality development thus contributing We intensified efforts in clean energy substitution accumulating over development for Easpring.significantly to the conclusion of the 14th Five-Year Plan. This achievement would not 60000 China Renewable Energy Green Electricity Certificates
corresponding to a total green electricity consumption exceeding 60
have been possible without the trust and support from society and industry million kWh. Furthermore we strategically laid the groundwork for the
stakeholders and more importantly it embodies the relentless dedication of every green recycling of end-of-life lithium-ion power batteries building a low-
carbon competitive advantage that spans the entire product lifecycle.member of the Easpring team. Here I extend my sincere tribute to all our dedicated Through these industrial green practices we contribute to the sustainable
colleagues! Chairman of Easpringdevelopment of the new energy sector.Chen Yanbin
03 04About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
01
About EaspringAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 22002255 E ESSG Report
Company Globalization Distribution
Introduction Headquartered in Beijing Easpring has five production bases around the world (including under construction) in Tongzhou Beijing Changzhou Jiangsu Nantong Jiangsu Panzhihua
Sichuan and Kotka Finland and has subsidiaries in Hong Kong Luxembourg Finland etc.Beijing Easpring Material Technology Co. Ltd. (stock code: 300073) is a
listed company under Mining and Metallurgy Technology Group Co.Ltd. It was listed on the Growth Enterprise Market of Shenzhen Stock Headquarters
Exchange in April 2010. The company is mainly engaged in lithium Beijing Easpring Material Technology Co. Ltd.battery cathode material business and intelligent equipment business.Core Business
Production base
Beijing Zodngoc Automatic Technology Co. Ltd. Jiangsu Easpring Material Technology Co. Ltd.Easpring Technology (Changzhou) New Materials Co. Ltd. Easpring Finland New Materials Ltd.Easpring SDIG (Panzhihua) New Materials Co. Ltd.Lithium Cathode Materials Business
Easpring is mainly engaged in the research and development
production and sales of multi-materials lithium iron phosphate
(manganese) lithium cobalt oxide and other lithium-ion battery
cathode materials and multi-precursors. At the same time it
strategically advances the development of forward-looking
products across multiple dimensions independently pioneering
a range of advanced cathode materials including ultra-high-
nickel multi-component cobalt-free solid-state lithium sodium-
ion and novel lithium-rich manganese-based materials. The
company has established six major multi-component product Beijing Easpring Material Beijing Zodngoc Automatic Jiangsu Easpring Material Easpring Technology (Changzhou) New Easpring SDIG (Panzhihua) New Easpring Finland New Materials Ltd. Technology Co. Ltd. Technology Co. Ltd. Technology Co. Ltd. Materials Co. Ltd. Materials Co. Ltd.series with complete independent intellectual property rights. Its
products are widely applied in the fields of automotive power
batteries energy storage batteries and consumer lithium
batteries and are supplied in large quantities to leading lithium Corporate Culture
battery and automotive manufacturers in China South Korea
Japan Europe and the United States.Corporate Mission Corporate Vision Corporate Values Management Philosophy
To provide advanced critical materials for the To build a world's top-ranking innovative enterprise. To be client-centered striver-oriented Everyone has his own place his own responsibility
Intelligent Equipment Business new energy industry continuously driving To be a respected leader in LIB cathode material long-term hard work and his own talent to be applied in his work.technological progress in the sector. industry. sustainable innovation. Everything has its own place being in its own
Easpring has always focused on the research and development To set up a stage for strivers to realize their dreams. position and resources to be utilized.production and sales of high-end intelligent equipment and its
core control and functional components. It is one of the first Business Philosophy Employment Philosophy Talent Cultivation Philosophy Code of Conduct
domestic companies to develop and produce circular knife die-
cutting equipment. Its products include circular knife die-cutting Honest Pragmatic Diligent To choose talents with virtue and potential. To develop talents and help them make To be frugal in words swift in action; cautious
machines quality inspection machines etc. which are mainly Innovative progress. in discussion diligent in thought;
used in consumer electronics medical care health food unpretentious in appearance skilled in craft.packaging and other fields.
07 08About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Key Performance of 2025 Environmental Performance
During the Reporting Period the Company's ESG management performance is as follows: 0 The proportion of GHG emissions intensity Online pollutant monitoring and Major clean energy usage 44.11 independent environmental Environment increased to ton/RMB monitoring achieved a
al Incidents 10.74% million 100% compliance rate
Total capacity of distributed photovoltaic power Recycling water consumption
generation facilities 356500 tons accounting for
generated11111.92MWh
Economic Performance 7027.96 34.38% of the total water intakereducing carbon emissions by tons
Special environmental audits cover 100% 16 products successfully passed the
Total assets Operating income Net profit Primary earnings The total amount of of operational cathode material production bases annual audit for UL Solutions Recycled
per share taxes paid is about Content Certification
RMB 22406 RMB10374 RMB 635 1.21 RMB 205
million million million RMB/share million Social Performance
Number of scientific and technical Total R&D investment RMB Newly added domestic and foreign
Governmental Performance R&D personnel 438 486 million accounting for patent applications 276Newly granted domestic and foreign
accounting for 25.03% 4.68% of operating
of total employees revenue patents 95
28.75% Certified to GB/T35770-2022 and Unfair competition litigation Major quality and safety Timely handling rate of of board and penalty Cilent Incidents of child labor forced labor ISO 37301:2021 compliance client complaints on satisfaction≥ discrimination harassment and
proposals were ESG-related management systems 0 accidents 0case products and services
Product recall incidents 0 100% 93% other related violations 0
Data security and privacy Incidents of business ethics Manufacturing base business ethic audit Proportion of ethnic minority Average employee Work-related fatalities New occupational
leakage incident violations by employees and coverage reached employees in total satisfaction score among employees illness cases
0 suppliers0 100% employmentcase 9.54% 94 0 0
Signing rate of the Sunshine Cooperation Agreement among Employees participated in business ethics Completion rate of rectification for Employee participations in Total volunteer service
100% 100% work safety hazards volunteer activities hourssuppliers training 100% 212person-times 520
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ESG Awards and
Ratings
During the Year the Company's ESG honors mainly include:
2025 China Corporate Sustainable Supply Chain Case for Chinese
ESG 100 Index Enterprise
People's Daily Overseas Edition All-China Environment People's Daily Overseas Edition All-China Environment
Federation China Quality Certification Center Federation China Quality Certification Center
Excellent Cases of the 2025 The 3rd Guoxin Cup · 2025 Listed Company Best 2025 Xinhua Credit Jinlan
Corporate ESG Case Collection TOP 100 ESG Golden Bull Sustainability Cases Cup ESG Excellent Cases
Campaign Adwards China Association of Listed Companies China Economic Information
Publicity and Education Center of the China Securities Journal Service
Ministry of Ecology and Environment
WIND ESG CNI ESG S&P CSA Refinitiv ESG
AA AA 44 70
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02
Governance
Responses to SDGs in this Chapter
Easpring has always regarded sound governance as the foundation of sustainable development. The
Company has established a well-defined ESG governance structure integrates the concept of
sustainable development into business operation identifies and follows up on key ESG matters in a
timely manner maintains sound communication with stakeholders and ensures that the
effectiveness of the Company's ESG work is recognized by all stakeholders. Meanwhile the Company
continuously improves its corporate governance system upholds business ethics and compliance
standards strengthens information security and privacy protection and promotes responsible
operations and long-term value creation through transparent and efficient investor communication.Responses to Issues in this Chapter Key Performance in this Chapter
* Risk Management * Corporate Governance * Manufacturing base business ethic * 100% of employees participated in business
* Anti-Commercial Bribery and Anti-Corruption * Anti-Unfair Competition audit coverage reached 100% ethics training
* 100% completion rate for compliance * 100% signing rate of the Sunshine
training among new hires and Cooperation Agreement among suppliers
personnel in critical rolesAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Sustainability In business operation the Company's Legal and Risk Manage ment Departm e nt a s the lead depart me nt fo r ESG initia tives coordi nat es all bus iness departm ent s and subsid iariesto advance ESG management under the direct leadership of the General Manager; the ESG Specialist at the headquarters and the ESG Secretaries at the subsidiaries jointly
Management form an effective ESG working network and establish a mechanism featuring dynamic response and effective communication ensuring ESG practices are effectively implemented across the organization and advancing the achievement of the Company's long-term sustainable development goals.In line with the wave of deepening global consensus on sustainable development
the Company deeply integrates core ESG concepts into daily business operations Board of Directors
and major strategic decisions systematically builds a multi-level ESG vision
action guidelines and governance system and fully advances the achievement of Strategy and Sustainability Committee
the Sustainable Development Goals (SDGs). Meanwhile the Company actively
establishes a regularized communication mechanism with stakeholders builds
consensus for development through issue co-creation empowers win-win ESG Leadership Group
cooperation through value sharing promotes coordinated development through
shared responsibilities and contributes to the global green economy transition Leading Department: Legal & Risk Management Department
and sustainable development.Sustainable Development Environmental Task Force Product Task Force Employee Task Force Corporate Governance Task Force
Governance Headquarters Carbon & Energy Management Department Quality Center Intellectual Property Securities Affairs Department Audit Functions Experimental Center etc. Department etc. Human Resources Department etc. Department etc.Easpring EHS Department Facility Management Procurement Department Quality Management
Changzhou Department Department etc. Human Resources Department etc. Finance Department etc.ESG Governance Structure Easpring Jiangsu EHS Department Facility Management Procurement Department Quality Management Department Department etc. Human Resources Department etc. Finance Department etc.Easpring SDIG EHS Department Facility Management Procurement Department Quality Management Human Resources Department Administrative
Panzhihua Department Department etc. Management Department Finance Department etc.Procurement Department Quality Management Human Resources Department Administrative
Under the leadership of the Board of Directors Easpring has established an ESG Beijing Zodngoc General manager's office Department etc. Management Department Finance Department etc.governance structure integrating the decision-making management and
executive levels clarifying the organizational composition and core ESG Governance Framework
responsibilities of each tier and providing solid organizational support for the
effective implementation of ESG initiatives. At the decision-making level the
Board as the highest governing body for ESG takes full responsibility for the Organizational structure Personnel organization Responsibility
overall development of the ESG management system; its Strategy and Strategy and Sustainability 7 Directors including 2 Responsible for managing and supervising the impacts risks and opportunities related to
Sustainability Committee is primarily responsible for forward-looking ESG Committee of the Board independent Directors and 1 sustainable development and reporting to the Board to ensure that the Board is informed of the
governance research evidence-based decision-making identification and female Director implementation of ESG risk management ESG objectives and ESG work plans.management of material topics and review of the Company's annual ESG report.ESG leadership group Company executives Responsible for the organization implementation and promotion of the company's ESG work
At the management level the ESG Leading Group undertakes overall organizing and implementing the company's annual ESG development strategy management
coordination and supervision promotes the implementation of ESG initiatives work plan and objectives revision of ESG-related systems identification and management of
and establishes a long-term effective management mechanism; the ESG Special ESG risks ESG performance evaluation and management etc.Team focuses on specific topics conducts information collection collation
analysis and improvement timely responds to stakeholders' expectations and ESG Task force1 Heads of functional Responsible for information collection analysis and improvement of relevant ESG issues
regularly reports progress to the Leading Group and receives guidance. departments of the company's understanding and responding to the expectations of stakeholders and reporting ESG-related
headquarters and relevant work to the ESG leading group.departments of subsidiaries
1 ESG Task Force covers Environmental Task Force Product Task Force Employee Task Force and Corporate Governance Task Force
15 16About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Sustainability Governance Strategy
Easpring always adheres to the direction of green high-quality and sustainable
development takes innovation-driven as its core engine continues to explore new ESG Vision ESG Policy
products and new processes and promotes industrial upgrading; The Company
strictly practices the principle of quality first and gains the long-term trust of clients
with high-quality products and services; The Company actively promotes green Adhering to the mission of "To provide advanced critical materials for the Sustaining innovation excellent
production methods and strives to build a modern production system that is green new energy industry continuously driving technological progress in the quality green cycle compliance
environmentally friendly energy-saving efficient and low-carbon; The Company sector" we promotes energy transformation with low-ca rbon mate rials governance harmonious sharing
continues to improve the internal governance system to ensure that all operation and intelli gent manufactu ring create corporate value with integrity and
and management activities are scientific standardized compliant and orderly; The excellent operation. Additionally we works together with clients
Company actively gives back to society pays close attention to the growth and shareholders employees industry and community to achieve sustainable
development of employees establishes communication with global stakeholders development.and helps the transformation of the global green economy and the sustainable
development of mankind through issue co-creation value sharing and responsibility
sharing.Sustainability Risk Management
Easpring has established a comprehensive risk management and control system and has fully integrated ESG risk Applying rules based on principle for responsible investment Easpring organized internal and
management into its risk management framework. During the Reporting Period Easpring revised and comprehensively external experts and consulting agencies in finance and taxation safety environmental protection
implemented the ESG Management Measures simultaneously issuing supporting operational manuals and a series of tool- Before project legal affairs compliance etc. to conduct due diligence and paid attention to ESG indicators such
oriented documents. This has established a systematic management mechanism for potential ESG risks in business operations investment as production carbon emissions proportion of green energy usage and impact on the
enabling accurate identification prudent assessment dynamic monitoring timely improvement and follow-up management environment of the project to ensure that they comply with ESG-related laws regulations and
of potential ESG risks that may arise during business activities. This ensures that ESG risks are managed in a closed-loop standards.manner throughout the entire process and across all dimensions effectively enhancing the company's resilience for
sustainable development and its compliance standards. For details of the specific risk management process please refer to
the "Compliance Management and Risk Management " section.Easpring continues to follow up on the financial indicators and operation of investment projects
In response to the escalating global ESG risk landscape the Company has deeply embedded ESG risk management into the Operation supervises whether the project companies comply with relevant laws and regulations such as
entire lifecycle of overseas project management. In its overseas development the company adheres to localized operations stage environmental protection and labor and actively follows up on the research and development
actively promotes local employment and practices green and low-carbon development principles. The company strictly and upgrading of renewable energy and clean technologies.complies with international laws and regulations as well as those of the countries in which it operates respects local ethnic
cultures and religious customs and coordinates efforts to ensure occupational safety and labor rights protection abroad. This
effectively safeguards the personal safety and legitimate rights and interests of both Chinese and foreign employees as well as
other project stakeholders. During the Reporting Period the Company's project in Finland successfully passed the ESG due Post- Easpring regularly evaluates projects covering multiple dimensions such as market conditions
diligence conducted by a banking consortium and obtained a credit commitment. investment financial performance compliance operations and social responsibility and ensures the
management
Easpring actively benchmarks against international standards such as the EU's Corporate Sustainability Reporting Directive stage realization of ESG management objectives through risk response plans and improvement of
(CSRD) and supply chain ESG due diligence requirements constructing an ESG risk management system that covers the entire corporate governance structure.
project lifecycle. At the pre-investment stage for new projects the company conducts specialized ESG risk screening and due
diligence to comprehensively review the ESG profile of investment targets. The Investment Department as the primary
functional unit for post-investment management conducts follow-up inspections and continuous monitoring of key factors
affecting project operations and ESG risk control. Furthermore the Company has formulated the Management Measures for
Seconded Directors and Supervisors. In accordance with investment agreements and other stipulations the company
appoints directors supervisors or key personnel to wholly-owned controlling and participating subsidiaries to conduct
ongoing tracking and assessment of critical risks take timely measures to address potential risks and ensure stable
development and long-term operation.
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Sustainable Development Goals
The Company proactively responds to the United Nations 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs) encompassed by it identifies its responsibility role in issues such as social governance and environmental
improvement promotes the deep integration of its core business activities with the SDGs and ensures that the Company's development direction resonates with the global sustainable development vision. During the Reporting Period the Company carried out key
actions around the following sustainable development goals.Sustainable Development Goals (SDGs) Easpring Key Actions in 2025
Goal 1 * Through various forms such as consumption assistance financial donations and targeted assistance we address development challenges in supported regions continuously consolidate and expand poverty
No poverty alleviation achievements and promote development in underdeveloped areas and rural revitalization.* When developing materials such as lithium iron phosphate (manganese) Easpring emphasizes the efficient utilization of upstream resources. At its Easpring SDIG Panzhihua base it fully leverages the region's
Goal 2 abundant hydropower resources for clean production effectively safeguarding the environment for food production.Zero hunger * Actively fulfilling social responsibilities the company comprehensively supports social welfare through various means such as consumption-based assistance and community donations.* To ensure employee health and safety Easpring have set and achieved the goal of "zero safety accidents zero fire incidents and zero occupational diseases".* Easpring invested approximately RMB 7.23 million in various safety measures and RMB 169 million in work-related injury insurance.Goal 3 * Easpring allocated RMB 109.6 thoudsand to employer liability insurance strengthening employee protection.Good health * Easpring have achieved 100% coverage of regular occupational hazard monitoring in workplaces.and well-being * Achieving a 100% coverage rate for occupational health examinations.* Conducting 84 safety drills covering all employees.* Providing a total of 62796.5 hours of safety training covering all employees.* We continue to carry out caring activities for the disabled for designated assistance units constantly meet children's learning and activity needs and continuously improve and optimize the learning and living
Goal 4 environment.Quality education * We carry out the action of "Employee Education Advancement Program" set up scholarships and link them to their salary levels and continue to promote the improvement of the company's youth literacy and the
construction of industrial workers. During the Reporting Period the Company supported 13 employees in "Employee Education Advancement Program".* Easpring places emphasis on board diversity and continuously works to increase the proportion of female directors and managers. During the Reporting Period the Board included one female director
Goal 5 representing 11.1% of its members.Gender equality * The Company provides benefits such as maternity leave breastfeeding leave and childcare leave for female employees establishes lactation rooms internally and organizes activities to celebrate International
Women's Day (March 8) and Mother's Day ensuring that care and support for female employees are effectively implemented.Goal 6 * The Company continuously optimizes its water usage structure by introducing reclaimed water treatment technologies and equipment as well as adding filtration and reverse osmosis systems to its self-built
Clean water and sanitation wastewater treatment stations. These measures enable the graded utilization of water resources minimize the consumption of fresh water and steadily improve water resource efficiency.* Providing advanced key materials for the new energy industry continuously achieving breakthroughs in innovation and offering technological support for the optimization of society's energy structure.Goal 7 * Actively implementing energy-saving technical renovation projects to enhance energy use efficiency. During the Reporting Period the Company carried out 9 energy conservation and consumption reduction
Affordable and clean energy projects achieving an annual electricity saving of 29220 kWh.* Developing and continuously increasing investment in renewable energy infrastructure. During the Reporting Period the total capacity of the manufacturing bases' distributed photovoltaic power generation
facilities exceeded 8.9 MW with an annual power generation of 11111.92 MWh.Goal 8 * Creating an equal harmonious and diverse workplace environment and provide jobs and employment opportunities for people with disabilities.Decent work and * Implementing several rounds of equity increase plans for management and core backbones to further encourage the management team and core backbones to create value.economic growth * The welfare policy equally covers all employees (including outsourced employees) with cash welfare investment amounting to RMB 38.30 million and non-cash welfare investment amounting to RMB 18.91 million.* Carrying out a series of special condolences holiday care cultural sports and team building activities to enrich the cultural life of employees and strive to create a compassionate and caring working atmosphere.
19 20About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Sustainable Development Goals (SDGs) Easpring Key Actions in 2025
Goal 9 * Easpring continues to improve the product quality management system promote the construction of smart factories and achieve both quality and efficiency improvements.Industry innovation and * Invested RMB 486 million in research and development continue to accelerate forward-looking research and development related to cathode materials improve competitiveness in the field of multi-
infrastructure materials and precursors and lead the development of the industry.* The Company established a digital R&D platform to further improve the R&D efficiency of enterprises.* Easpring formulated and publish the Human Rights Policy on our website establish a human rights complaint mechanism to ensure that all employees have fair and just career development opportunities.Goal 10 * Providing employees with diversified care and benefits to create an equal and inclusive working environment.Reduce inequality * Adhering to equal employment opportunities recruit and employ ethnic minority employees from different ethnic groups and ethnic minorities account for 9.54% of the management.Goal 11 * Clarifying the planning of intelligent manufacturing factories and advance them in an orderly manner. While improving production efficiency digital systems and human-machine collaboration technology
Sustainable cities can significantly reduce employees' repetitive labor and operation risks and create a safer healthier and humanized working environment.and communities * Built water-saving enterprises through daily operation and maintenance water saving equipment water saving special measures and other measures reduce municipal water consumption and alleviate social water pressure.* Implementing environmental management and pollution reduction and carbon reduction actions reduce wastewater exhaust gas noise and solid waste discharge and protect the ecological environment.Goal 12 * Continuing to explore and build a scientific supply chain green evaluation mechanism and integrate carbon management requirements into the supplier life cycle management process.Responsible consumption * Laying out the field of waste battery recycling work with industry partners to carry out power battery recycling and echelon utilization business and deepen the practice of circular economy in the industrial
and production chain.* Establishing and improving the product quality and safety management system to ensure the safety and reliability of products from design production to delivery effectively protect the rights and interests
of clients and promote the implementation of responsible production.* Formulated and implement the "Easpring Carbon Peak Carbon Neutrality Action Plan" carry out climate scenario analysis identify climate-related risks and opportunities and promote the accurate
Goal 13 investment of superior resources in climate risk response work.Climate Action * Built and iteratively optimized a digital carbon emission management system to realize digital management and control of carbon emissions in operations and supply chains.* Laying out the clean business strategy build the first "carbon neutral factory" in the lithium battery cathode material industry in Western Panzhihua region plan the dual-carbon development path and
promote the green and low-carbon transformation of the business.Objective 14 * Continuing to optimize the production wastewater treatment process to achieve "near-zero discharge" of production wastewater.Life below water * Carrying out reuse transformation of precursor wastewater achieving a washing water reuse rate of over 90%.* New projects strictly implement environmental impact assessment requirements and the project construction meets the ecological environment zoning management and control requirements of "three
Objective 15 lines and one list" (ecological protection red line environmental quality bottom line resource utilization upper limit and ecological environment access list).Life on Land * For the greening of the manufacturing base area prioritize native plants with strong adaptability and eco-friendliness to prevent the invasion of alien species build a "manufacturing base microecology" and
protect regional biodiversity.Goal 16 * Continuously carrying out business ethics and integrity management effectively operate the risk control management system and continuously improve Easpring's compliance management level.Peace justice and * The signing rate of employees' Integrity Commitment Letter and the signing rate of suppliers' Sunshine Cooperation Agreement reached 100%.strong institutions * The proportion of employees who participated in business ethics training is 100%
* Business ethics audit manufacturing base coverage reaches 100%
Goal 17 * Linking with business partners across the value chain continue technical exchanges and deepen industry collaboration.Partnerships for the goal * Optimizing client service quality improve client satisfaction and respond to client needs in a timely manner.
21 22About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Assessment and Management of Material Issues
Double Materiality
Assessment Process
Step 1: Identification of materiality issues Step 3: Double Materiality Step 4: Confirmation and reporting of
As a central ESG management tool material issues Assessment Analysis issues
identification helps Easpring focus on key areas and * Based on the Company's business activities business
relationships ESG-related standards and other elements and
anchor ESG strategic priorities. During the Reporting * Based on the assessment * The Board of Directors of the Company understood the demands of key stakeholders the Company
Period with reference to domestic and international results of materiality and
reviewed and confirmed the results of the
identified potentially material issues and established an initial financial materiality of double materiality assessment to ensure that
sustainability standards—including the Guidelines and the issue database; issues in Step 2 the the issues aligned with the Company's ESG
Self-Regulatory Guidance No. 3 for Companies Listed on * The Company strictly followed the requirements of the Company formed a management practices;
the ChiNext Market of Shenzhen Stock Exchange— Guidelines fully integrated ESG ratings industry double materiality issue * The double materiality issues identified for
Preparation of Sustainability Report and GRI Standards— benchmarking practices and other dimensions and built a matrix for 2025. 2025 will be disclosed in the annual ESG "1+N" 2 material issue database for the Company.and considering industry attributes and business report in accordance with the “Governance – Strategy – Impact Risks and Opportunities –operations the Company conducted preliminary ESG Metrics and Targets”framework.issues screening; it then assessed material issues through
dual dimensions: impact materiality and financial
materiality. The double materiality assessment process
executed During the Reporting Period was as follows: 1 2 3 4
Step 2: Assessment of Materiality Issues
Impact materiality assessment: Financial materiality assessment:
* During the Reporting Period the Company assessed the * The Company organized senior management and department heads
impact materiality of each issue through stakeholder to evaluate the financial materiality of each issue based on market
questionnaires and communications with internal/external prices trend forecasts historical costs and event probability usingESG experts focusing on two dimensions: "Impact Materiality two dimensions: "Degree of Financial Impact" and “Likelihood ofAssessment" (scale scope irremediability) and "Likelihood Risks/Opportunities Occurrence";
Assessment";
* The Company completed the financial materiality assessment results
* Through analysis of 146 valid questionnaires received the after step-by-step review by the Finance Department ESG Task Force
Company synthesized stakeholder demands and and ESG Leadership Group.referenced expert opinions to finalize the impact
materiality assessment results.
2The" 1" in "1 + N" refers to the Guidelines and the "N" refers to GRI standards mainstream ESG ratings central enterprise holdings ESG special reports of listed companies and issues of peer companies
23 24About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Stakeholder Communication
Adhering to the principles of integrity interaction equality and transparency Easpring establishes a regular communication mechanism covering multiple stakeholders. By regularly collecting and systematically analyzing feedback and suggestions from all parties
the Company effectively guides the adjustment of business strategies and the continuous optimization of sustainable development strategies and ensures that corporate development resonates with social expectations. With reference to international standards and
guidelines such as Global Reporting Initiative (GRI) standards and AA1000 stakeholder engagement standards the Company regularly records measures and reviews stakeholder communications dynamically optimizes communication methods based on feedback
and continuously improves the quality and efficiency of communication.Stakeholders Key expectations of stakeholders Main communication methods and frequency Stakeholders Key expectations of stakeholders Main communication methods and frequency
* Anti-commercial bribery and anti- * Information submission (as required) * Risk management * Company mail (as required)
corruption
* Symposiums and Exchange Meetings (as needed) * Occupational health and safety * Communication meetings (as required)
* Innovation
* Daily approvals (as required) * Innovation * Board meetings (as required)
* Pollutant emissions Directors and Senior * Product Quality and Safety * Special committee meetings (as required)
Government and * Inspection and research (as required) Management* Energy utilization * Employee rights and well-being * Internal meetings (as required)regulatory * Policy implementation and communication (as needed)）
authorities * Environmental Compliance * Occupational health and safety * Company mail (as required)
Management
* Compliance in Employment * Telephone or verbal notification (as required)
* Product Quality and Safety * Company mail (as required) * Employee Development and * Trade Union and Employee Group Notifications (as required)
Training
* Client Service and Communication * Customer satisfaction survey (once a year) * Employee satisfaction survey (annually)
* Employee rights and well-being
* Responsible Sourcing * Industry exhibitions (as required) * QR Code-Based Quick Service Mini-Program (as needed)
Staff * Equality Diversity Inclusion * Suggestion box (collected once a month)* Climate Response * Technical exchange (once a month) * Chemicals Management
Client * Trade union and workers' congress (irregular)* Data Security and Client Privacy * Business negotiations (as required)
Protection * Management Reception Day (monthly)
* Employee seminars (irregular)
* Marketing Compliance
* Social Contribution * Inspection and survey (twice a year)
* Corporate Governance * Company mail (as required)
* Rural Revitalization * Daily care (quarterly)
* Risk management * Roadshow communication (as required) * Compliance in Employment * Communication of assistance needs (once a year)
* Innovation * Performance briefing (once a year) * Pollutant emissions * Policy implementation and communication (as needed)
* Intellectual Property Management * Investor Exchange Meetings (as required) Community * Water Stewardship * Employee volunteering (as needed)Shareholders and * Interactive Q&A (once a month) * Exchange visits (as required)
Investors
* Investor Hotline (every trading day) * Ethnic Minority Festival Engagements (once a year)
* Research visits (as required) * Innovation * Press conferences (as required)
* Industry Cooperation and * Technical communication (as needed) * Social Contribution and Rural * Promotional video production (as required)
Development Revitalization * Press releases (irregular)
* Business negotiations (as required) * Responsible Sourcing
* Responsible Sourcing * Industry exhibitions (as required)
* Industry conferences (as required) Media and NGOs * Climate Response
* Equal Treatment of Small and * Exchange visits (as required)
Medium-Sized Enterprises (SMEs) * Supplier Meeting (annually) * Data Security and Client Privacy
Suppliers Protection* Anti-commercial bribery and anti- * Supplier training (once a year)
corruption
* Supplier satisfaction survey (annually)
* Anti-unfair competition
25 26About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Results of Double Materiality Assessment
Easpring systematically reviewed the assessment results of impact materiality and financial materiality completed comprehensive analysis and prioritization of issues and obtained review by the Strategy and Sustainable Development Committee plus approval by
the Board. Based on the assessment the Company optimized its sustainable development strategy and goal-setting and re-examined management measures for major sustainability impacts risks and opportunities. The Company also implements targeted
information disclosure based on issue prioritization to ensure precise responses to stakeholder concerns.During the Reporting Period the Company identified four issues —“Innovation" “Product Quality and Safety" “Occupational Health and Safety" and “Climate Response"—as having both financial significance and impact significance for the Company. Inaddressing financially significant issues the Company in accordance with the Guidelines has disclosed relevant information focusing on the core aspects of governance strategy impact risk and opportunity management as well as metrics and targets.
10 9 List of Materiality Issues
High 2 Occupational Health
Materiality 1 Climate Response 11 and Safety 21 Chemicals Management11 1
Environmental
2 Compliance 12 Intellectual Property Management 22 Employment Compliance
15 12 3 Management
16
3 Energy Utilization 13 Supply Chain 23 Diversity Equity and Security Inclusion
19 28 13 Data Security and Fair Treatment of Small
Impact
Materiality to 27 4 Waste Management 14 Client Privacy 24 and Medium-sized
Stakeholders Protection Enterprises (SMEs)
4 5 Pollutant Emissions 15 Responsible Sourcing 25 Social Contribution and
5 17 14 Rural Revitalization
6 Employee
20 6 Circular Economy 16 Development and 26 Ethics of Technology
Training
High Materiality
22 29 7 Water Stewardship 17
Client Service and
Communication 27 Risk Management
Moderate Materiality
24 30 18 Ecosystem and
23 8 Biodiversity 18 Digitalization 21 Low Materiality Development 28
Anti-Commercial Bribery
Conservation and Anti-Corruption
Low
Materiality 7 9 Innovation 19 Employee Rights and Well-being 29 Corporate Governance25 Environmental
8 Issues
Social 10 Product Quality and 20 Marketing Safety Compliance 30 Anti-Unfair Competition26 Issues
Governance
Issues
Low Materiality Financial Materiality to Easpring High Materiality
27 28About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
For identified financially material issues considering industry trends its unique business characteristics and stakeholder concerns the Company conducted comprehensive and in-depth analysis of impacts risks and opportunities from the dimensions of potential
impact scope and occurrence probability.Innovation Product Quality and Safety
Impact Risk and Opportunity Analysis Impact Risk and Opportunity Analysis
Impact Type * Actual positive impact * Actual positive impact
Impact Type
* Potential negative effects
Scope of impact * Upstream of the value chain own operations downstream of the value chain
Scope of impact * Upstream of the value chain own operations downstream of the value chain
* Technological innovation is the core strategy that drives the Company's business
growth and builds competitive advantages. The Company continues to invest R&D * Providing clients with safe and high-quality products with excellent performance is an
Impact Description resources and develops more advanced safe and high-quality products important foundation for the Company's sustainable development. Superior product
technologies and equipment to meet client needs and promote high-quality quality and safety management level is the link between the Company and clients to
industry development.Impact Description maintain a good cooperative relationship and it is also the driving force to promote long-term win-win results for both parties.* If the company fails to effectively promote scientific research and innovation * Failure to provide high-quality and safe products that meet market demand may affect
according to market demand the company may face risks such as technological the business damage of upstream and downstream partners in the supply chain due to
Risk Description lag missed market opportunities and declined share;
product quality incidents.* If information security protection measures fail to effectively guarantee the security
of scientific research data it may lead to leaks and irreparable losses. * If the Company fails to improve the product quality and safety management system in a
timely manner and diligently implement it the Company may lead to negative events
Risk Description such as increased client complaints decreased client satisfaction and product recalls
* For the Company basic research around market demand is the key path to achieve which will damage the Company's reputation and client loyalty.breakthroughs from the ground up and systematically enhance multi-dimensional
Opportunity Description core technical capabilities. This not only lays a solid foundation for building long-term core competitiveness but also helps the Company proactively plan future * Strictly controlling product quality and safety will help the Company build a reputation
technological directions and product innovations and seize strategic and market Opportunity Description and gain client trust gain more business opportunities in market expansion and bring
share advantages in fierce market competition. about the growth of operating income.Impact Timeline Short term medium term long term Impact Timeline Short term medium term long term
29 30About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Occupational Health and Safety Climate Response
Impact Risk and Opportunity Analysis Impact Risk and Opportunity Analysis
* Actual positive impact * Actual positive impact
Impact Type Impact Type
* Potential negative effects * Potential negative effects
Scope of impact * Upstream of the value chain own operation downstream of the value chain
Scope of impact * Upstream of the value chainown operations
* Focusing on the strategic goal of "dual-carbon" the Company leverages the development of
* The Company recorded no employee casualties fires "carbon-neutral factory" benchmark projects implements key measures such as energy structure
occupational diseases related administrative penalties or optimization and process technology upgrading actively promotes carbon reduction actions in
other incidents During the Reporting Period through its its own operations and collaborates with upstream/downstream supply chain partners to
sound occupational health management system effectively establish a synergistic carbon reduction mechanism facilitating industry decarbonization.reducing the risk of safety accident losses compliance Impact Description * As downstream clients increasingly focus on the Company's carbon reduction pathways climate
Impact Description penalties and operation interruptions and ensuring the transition plans and product carbon footprint. If the Company fails to advance comprehensive continuous and stable operation of production. emission reductions and deep decarbonization in its operations and supply chain management
the Company may increase greenhouse gas emissions across its value chain and damage
* If there are omissions in production safety management it is downstream partners' trust.easy to lead to potential safety hazards and pose a threat to
the physical and mental health of employees of the
Company and suppliers. * Against the increasingly significant impacts of climate change if the Company fails to construct an extreme weather defense system and improve climate risk response plans this may not only
cause production and operation interruptions due to extreme weather but also lead to relevant
* There are omissions in production safety management regulatory penalties.which can easily lead to safety accidents.Risk Description * With the increasingly stringent global climate governance policies and the continuously rising
* Improper production safety management will lead to Risk Description demand for low-carbon materials in downstream markets if the Company fails to promptly follow
production interruption and damage to market reputation. policy guidance and accelerate the research and development of low-carbon technologies along
with product upgrades the Company may face risks including heightened market access barriers
Through systematic occupational health and safety and loss of core clients which in turn will lead to significant increases in the Company's market *
management the Company effectively reduces production expansion costs and client retention costs adversely affecting profitability and industry
safety accidents occupational diseases and environmental competitiveness.risks enhances employees' sense of security and belonging
and ensures the stable and continuous operation of * Strengthen research and development innovation carbon management and clean production Opportunity
Description production lines.capabilities; provide clients with environmentally friendly products and services that closely align
with market demands; and build differentiated competitive advantages.* Meet the high standards of industry regulation and clients for
safety environmental protection and labor rights and Opportunity Description * Actively respond to national and local policies regulations and industry guidance related to
enhance supply chain access qualifications and market climate change; proactively deploy low-carbon development practices; and expand financing
competitiveness. channels while optimizing resource allocation by applying for special policy support and financial
subsidies such as green manufacturing projects and low-carbon technology applications.Impact Timeline Short term medium term long term Impact Timeline Short term medium term long term
31 32About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Corporate Governance
Easpring always adheres to the principle of good faith has constructed a rigorous corporate governance structure strict business ethics standards a comprehensive compliance control system and a robust information security guarantee system earnestly
safeguards investors' right to know and participate and makes every effort to ensure the sustainable stable and healthy development of the enterprise.Governance System
Governance Structure
Easpring has always strictly complied with the Company Law of the People's
Republic of China the Securities Law of the People's Republic of China the
Corporate Governance Code for Listed Companies the GEM Listing Rules of
Shenzhen Stock Exchange the SZSE Self-Regulatory Guideline for Listed General Meeting of Shareholders Strategy and Sustainability Committee
Companies No. 2 – Standardized Operation of GEM Listed Companies and other
relevant laws regulations and normative documents continuously
standardizing the Company's operations enhancing corporate governance
standards and ensuring operational compliance and stability. The Company
attaches high importance to the practicality and implementation efficacy of Audit Committee
governance normative documents. During the Reporting Period pursuant to
relevant laws regulations and regulatory requirements and considering the The Board
Company's actual conditions the Company completed revisions of over 30
systems including the Articles of Association the Board Authorization Remuneration and Appraisal Committee
Management System and the Board Meeting Procedures and newly formulated
four systems including the Market Value Management System the Information
Disclosure Suspension and Exemption Management System and the Resignation
Management System for Directors and Senior Management Personnel in Management Nomination Committee
accordance with regulatory requirements further elevating corporate
governance standards.Easpring has established a governance structure composed of the Shareholders' Corporate Governance Structure Diagram
Meeting the Board of Directors and the Management strictly complies with
corporate governance laws and regulations exercises powers and performs
duties through the election of directors by the Shareholders' Meeting and the
appointment of senior managers by the Board of Directors fully leverages the Easpring in strict accordance with relevant regulations and requirements convenes shareholders' meetings the board of directors and special board committees in a
functions of the Shareholders' Meeting as the supreme authority the Board of standardized manner to review major matters related to the Company's development ensuring the objectivity and scientific rigor of all business decisions and earnestly
Directors as the decision-making body and the Management as the executive safeguarding the interests of the Company and all shareholders. During the Reporting Period ESG proposals accounted for 28.75% of the proposals reviewed by the board of
body and relies on specialized committees of the Board to provide professional directors. For detailed corporate governance information please refer to the Easpring 2025 Annual Report which can also be accessed online via the Company's official
support for decision-making forming a governance mechanism with clear website (http://www.easpring.com.cn/)
responsibilities coordinated operations and effective checks and balances.During the Reporting Period the Company continuously optimized its
governance structure in accordance with the latest laws and regulations fully
transferred the functions of the Board of Supervisors to the Audit Committee of The Company attaches great importance to the capacity building of board members and senior management to enhance the Company's risk response capabilities. During the
the Board of Directors constructed a governance oversight framework adapted Reporting Period the board and senior management team participated in two special trainings on climate change response and ESG risk management continuously
to the Company's development needs and further enhanced the standardization strengthening the professional judgment and governance effectiveness of board members and senior management in sustainable development and ESG strategic decision-
and efficiency of corporate governance. making.
33 34About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Board Diversity and Independence and Nomination Committee established under the Board of Directors are chaired Easpring timely discloses information through multiple information disclosure by independent directors with independent directors constituting a majority of platforms (such as cninfo.com China Securities Journal etc.) and holds activities
their respective members. including performance briefings shareholders' meetings and investor exchange
Easpring attaches great importance to the diversification of the Board and meetings to ensure that investors can obtain the Company's information equally
strives to promote its balanced development in terms of gender culture During the Reporting Period all independent directors submitted their Self- timely and comprehensively through various channels and continuously
professional skills and other aspects so as to optimize the governance structure Assessment Forms on Independence. The Board of Directors conducted an improve the efficiency and transparency of investor communication.and enhance the quality of decision-making. All members of the Board possess assessment of the independence of the independent directors and issued a
extensive industry experience and solid professional capabilities across various special opinion. The Company has no circumstances that would affect the During the Reporting Period Easpring answered more than 1000 investor calls
specialized fields including technology research and development financial independence of the independent directors. and responded to over 270 investor questions through the Shenzhen Stock
management risk control and auditing and corporate management. As at the Exchange Interactive Platform and performance briefings. The Company
end of the Reporting Period the Board included one female director maintained close communication with small and medium-sized investors and
representing 11.1% of the total number of directors. Executive Compensation Management actively showcased its positive market image. The Company's investor relations
work has received high praise from regulatory authorities and for the second
Professional Competence Adhering to the principle that remuneration is compatible with the Easpring's consecutive year it won the "Best Practice Award for Investor Relations
Enterpri performance and aligned with its long-term interests the Company links Technology Financial Risk Management of Listed Companies" issued by the China Association of Listed
Name Gender Title se remuneration assessment to core ESG indicators. The Company has formulated Research and Manage Control Companies.Development ment Audit Manage and implemented Directors' Remuneration Management System Senior ment Management Remuneration and Assessment Management System Measures for
Chen Chairma the Tenure and Contractual Management of Senior Management and other
Yanbin Male n of the policies. The Chairman of the Company signs the Letter of Tenure Business Board
Xia Indepen
Performance Targets and the Letter of Annual Business Performance Targets
Male dent with senior management on behalf of the Board of Directors and integrates ESG Dingguo Director indicators such as safety quality and compliance management into the annual
Tang Indepen performance assessment letters for senior management.Guliang Male dent Director
Li IndepenMale dent At the same time Easpring has established a remuneration restraint mechanism Guoqiang Director for senior management. In the event that major incidents related to the
Zhang environment safety compliance or ESG cause significant losses to the Company
Yabin Male Director operational difficulties or damage to its reputation and credibility the Board of
Director Directors may decide to partially or fully cancel the performance-based Best Practice Award for Investor Relations Management of Listed Companies
Guan General remuneration of the responsible person for the year. Depending on the
Zhibo Male Manager circumstances the Company may deduct the annual performance salary of the At the same time Easpring attaches great importance to investor returns General responsible person claw back part or all of the paid annual performance salary distributing dividends annually based on its performance and business Counsel
Liu tenure incentives and other benefits and recover any improper gains. development to actively reward shareholders. During the Reporting Period the
Quanmin Male Director Company distributed a total of RMB 101300154.80 in dividends to shareholders.Hou Yubai Male Director Investor Communication
Mei
Xuezhen Female Director The Company treats all investors equally and attaches great importance to During the Reporting Period
protecting their right to information and other legitimate rights and interests.The Company has established comprehensive investor communication channels
Independent directors play a pivotal role within the board governance openly and transparently discloses its operating conditions continuously improves its operation and management level and profit distribution mechanism
framework. The Company has established the Independent Directors' Working and steadily increases returns to shareholders. The Company designates the Easpring distributed a total of RMB in 101300154.80
Regulations to comprehensively safeguard the lawful rights and interests of the Secretary of the Board of Directors to be responsible for information disclosure
Company and all shareholders. The Company appoints three independent and the Securities Affairs Department coordinates and manages investor dividends to shareholders.directors as required including one accounting professional. The Audit relations receives shareholder visits answers investor inquiries and other work
Committee Remuneration and Appraisal Committee to ensure that the Company maintains good communication with investors.
35 36About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Business Ethics
Business Ethics Management Ten Prohibitions in the Honest Commercial Practice
Easpring abides by business ethics and has zero tolerance for all violations of * Do not conduct covert deals collude on base prices disclose trade * Do not privately accept any money or items from business units
business ethics and corruption. The Company strictly complies with the Anti-
Money Laundering Law of the People's Republic of China the Supervision Law of secrets of the Company or seek personal benefits (including cash electronic red envelopes gift cards securities other
the People's Republic of China and other relevant laws and regulations. It is types of payment vouchers and gifts). The received gifts must be
committed to conducting business in accordance with all applicable laws * Do not engage in activities that seek personal benefits by taking handed over to the Company's General Manager Office
regulations and the highest standards of business ethics and thoroughly advantage of the convenience of one's own work or the Company's
implements its commitment to business ethics throughout its policies and resources
business development processes. * Do not engage in any private transactions or borrowing of property with business units
* Do not sign false contracts conceal transfer or hold back client
Easpring has formulated and implemented internal systems such as the Anti-
Fraud and Complaints Reporting Management System and the Anti-Corruption returns and supplier payments * Do not accept any form of banquet invitation from suppliers
and Anti-Bribery System to clarify the boundaries and compliance requirements
for anti-commercial bribery anti-corruption anti-unfair competition anti- * Do not misrepresent or misappropriate business funds * Do not attend non-work related meetings with suppliers
monopoly and other behaviors. The Company publishes the Business Ethics
Policy on its official website and disseminates anti-fraud policies complaint * Do not seek improper benefits from business units by exploiting the * Do not organise or participate in any unhealthy entertainment
reporting procedures and whistleblower protection measures through the power on hand
"Integrity Easpring" official account. It requires all employees and partners
including clients suppliers service providers and contractors to strictly adhere Easpring continues to strengthen business ethics awareness among all
to the Company's Business Ethics policies and standards of conduct. During the employees clarifies personnel training objectives and regularly conducts
Reporting Period the Company conducted business ethics investigations business ethics training. It provides integrity training for directors and senior At the same time Easpring carried out integrity culture promotion activities at
covering all operational factories to ensure that business operations comply with management organizes training and on-site warning education for personnel in key nodes such as International Anti-Corruption Day Qingming Festival and May the Company's ethical standards.key positions such as procurement sales and engineering and conducts Day. It reminded employees to adhere to the bottom line of discipline and rules
In addition Easpring has taken multiple measures to build a strong integrity induction training for new employees. The Company comprehensively uses
and comply with all regulations on integrity and self-discipline by sending
defense line further promoted the construction of joint integrity control projects diversified educational formats such as interactive and experiential learning and reminder emails pushing integrity holiday text messages distributing warning
systematically sorted out key links such as rules and regulations business effectively enhances employees' awareness of integrity and self-discipline as well education articles and organizing the viewing of warning education films.processes and power operation accurately identified integrity risk points and
formulated targeted prevention and control measures. At the same time relying as compliance literacy through online integrity quizzes interactive mini-games
on information systems such as SAP and MES the joint integrity control holiday integrity reminder videos and collective learning sessions. During the
mechanism is embedded into core business processes to promote the deep Reporting Period the Company conducted special training on Publicity and
integration of risk prevention and control with operation and management and Implementation of Business Ethics Policy and Risk Prevention for all employees
continuously improve the level of integrity governance. with 2334 person-times participating in business ethics training achieving a
100% participation rate among employees.
Construction of Integrity Culture
Easpring continues to build a culture of integrity and signed the Ten Prohibitions
for Integrity and Integrity Commitment Letter with all employees to restrict
employees' external business behavior and daily style and clearly stipulates that
all employees are prohibited from soliciting accepting or accepting gifts
property and securities from suppliers potential partners and other units or
individuals related to the exercise of their functions and powers and are
prohibited from accepting banquets travel fitness and entertainment activities
that may affect the fair exercise of their functions and powers. During the
Reporting Period no employees of the Company were dismissed or subject to
disciplinary action due to corruption. Integrity poster
New Employee Business Ethics Training Company-wide Business Ethics Awareness Training
37 38About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Construction of Sunshine Supply Chain Complaints and Reporting
Easpring has always set high standards for itself strictly abides by business ethics Easpring has established smooth timely and effective reporting channels which are made public on the official website WeChat Official Account and other platforms. All
and relevant laws and regulations and expects suppliers to make the same parties in society may file complaints and reports regarding any violations of business ethics as well as corruption bribery and fraud through the reporting channels below.commitment to jointly build a strong line of defense for clean procurement. During the Reporting Period the Company had no commercial bribery or corruption incidents.The Company has formulated the Supplier Code of Conduct which requires
suppliers to adopt a zero-tolerance policy for violations of business ethics and to
monitor and strengthen procedures to ensure compliance with the expectations and
requirements of responsible behavior. At the same time the Company signs the Channels of complaints and reporting
Sunshine Cooperation Agreement with its partners requiring that kickbacks benefits
thank-you fees gifts securities and valuables should not be solicited or accepted
during the cooperation process and that commercial relationships should not be ? On-site report
used to seek personal benefits. During the Reporting Period the signing rate of the
Sunshine Cooperation Agreement with suppliers was 100%. ? Discipline inspection petition reporting method ? Audit reporting method
Report hotline: 010-52269700 Report hotline: 010-52269709
Easpring strengthens supplier compliance supervision
regularly conducts supplier evaluations clarifies the
code of conduct for both parties in business Email: jijian@easpring.com Email: shenji@easpring.com
transactions and jointly creates a fair and transparent
cooperation environment. Every year the Company Address: Received by the Office of the Commission for Letter address: Audit Department 10th Floor
publishes A Letter to Easpring Partners on "Integrity
Easpring" announces reporting and complaint Discipline Inspection 9th Floor Building 21 Area 18 Fengtai Building 21 Area 18 Fengtai District
channels reaffirms its commitment to sunshinecooperation and eliminates unfair competition. Annual District Headquarters Base Beijing (Zip Code: 100160) Headquarters Base Beijing (zip code:100160）
partner symposiums are held to conduct in-depth
discussions on joint prevention of integrity risks joint
construction of integrity projects and joint discussion
of integrity cooperation standards so as to build
consensus on integrity and mutual trust and establish a
cooperation model characterized by integrity honesty
mutual benefit and win-win outcomes. Easpring encourages and advocates real-name complaints and reports and accepts anonymous complaints and reports. According to the degree of loss recovery of the
A Letter to Easpring Partners complaints and reports the Company will commend and reward the complaints and whistleblowers and encourage employees personnel from external units and other
internal and external relevant parties to report violations of business ethics corruption bribery and fraud.Whistleblower Protection
Easpring has established and implemented the Anti-Fraud and Whistleblowing Management System strictly keeping confidential the identity information of the complainant
and whistleblower and all complaint and report materials received keeps confidential in all aspects such as reporting acceptance and investigation and strictly prohibits
disclosure of the personal privacy information of the complainant and whistleblower. No department or individual may retaliate against the whistleblower under any pretext.When the personal safety of the whistleblower is threatened the company will take timely protective measures and investigate the corresponding responsibilities for the
whistleblower who retaliates; Anyone suspected of committing a crime will be transferred to the judicial organ to safeguard the rights and interests of the whistleblower
Easpring Holds 2025 Annual Partner Symposium according to law. During the Reporting Period there was no incident of information leakage or retaliation by whistleblower.
39 40About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Compliance Operations
Compliance and Risk Management
Easpring has always adhered to the bottom line of compliance operation strictly
complied with the Company Law of the People's Republic of China the
Provisional Regulations on the Supervision and Administration of State-owned
Assets of Enterprises the Basic Standards of Enterprise Internal Control and
other relevant laws regulations and regulatory requirements continuously
revised and improved the Compliance Management Measures and the
Comprehensive Risk Management Measures clarified the four core management
frameworks of comprehensive risk and compliance management and refined
the specific tasks and full-process management requirements.ISO37301 certificate CQC Compliance Foundation Building · Practice Award
Easpring has established a comprehensive risk and compliance management
committee to comprehensively coordinate and lead the compliance
management work take the lead in formulating the annual work plan and core The Company has built a six-in-one risk control management system including "legal construction compliance management internal control construction risk management
objectives of compliance management supervise the achievement of and control accountability for non-compliance and audit supervision" fully integrated ESG risk management into the Company's risk management system promoted the
compliance management objectives and ensure that they are compatible with transformation of risk management to group management of "centralized management and control by headquarters and collaborative linkage of various sectors"
the Company's business development strategy and operation and management continuously optimized the "three lines of defense" of risk management with clear division of labor and continuously improved the Company's overall risk management
needs. The general manager and general counsel of the Company serves as the capability through the whole chain closed-loop management of "pre-risk warning dynamic management and control during the event and audit supervision after the event".Chief Compliance Officer (CCO) who is fully responsible for the overall
management and implementation supervision of compliance management and First line of risk defense： Third line of risk defense ：
timely reports the progress of compliance management hidden risks and Each business and functional Second line of risk defense：Legal and risk mangerment department Disciplinary Inspection Auditing
rectification to the comprehensive risk and compliance management committee. department and other departments.The Legal and Risk manger ment Departm en t of the Com pany t akes the lea d in
coordinating the implementation of compliance management cooperates with * Establish and improve compliance * Organize the drafting of compliance and * Conduct compliance and risk control risk control management regulations oversight investigate violations and
various functional departments and compliance administrators of operating management systems and processes for
factories promotes the deep embedding of compliance requirements into the the department's business operations
formulate annual compliance and risk enforce accountability building a post-
management plans and work reports; incident control line of defense.entire business process and carries out compliance risk identification conduct compliance risk identification * Conduct risk identification early
assessment early warning and rectification on a regular basis to ensure that all and assessments and develop risk warning and response and regularly
business activities of the Company strictly comply with laws regulations registers and response plans; assess the effectiveness of the
regulatory requirements and internal policies and norms of the Company. * Regularly review compliance risks for compliance and risk control
key positions incorporating compliance management system;
During the Reporting Period guided by the ISO 37301: 2021 compliance requirements into job responsibilities; * Carry out compliance and risk culture training handle compliance and risk
management system certification standard the Company comprehensively * Be responsible for compliance risk control inquiries and advance the
sorted out and optimized the Company's compliance management system review reporting and rectification informatization development of
successfully passed the certification of professional third-party organizations within the department. compliance and risk control
and obtained GB/T 35770-2022 and ISO 37301: 2021 domestic and international management.double certification. At the same time the Company won the "Compliance
Foundation Award" of China Quality Certification Center (CQC).
41 42About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
At the same time Easpring conducts closed-loop management of risks in accordance with the process of "Identification-Assessment-Management-Monitoring and Reporting"
evaluates and forecasts the overall operational risks of the Company at the beginning of each year monitors risks at least once a quarter and evaluates the effectiveness of Anti-unfair Competition
risk response strategies; In view of the identified major risks a monthly normalized monitoring mechanism was established and the warning threshold of "red yellow and
green" light was set to comprehensively ensure the effectiveness of the company's risk control system. Easpring advocates and practices the concept of healthy competition strictly abides by laws and regulations such as the Anti-Monopoly Law of
the People's Republic of China and the Anti-Unfair Competition Law of
the People's Republic of China formulates internal management
systems such as the ESG Policy and the Business Ethics Policy respects
Identification Assessment Management Monitoring&
competitors and abides by laws and regulations related to anti-
Reporting monopoly and anti-unfair competition and industry norms. The
company insists on gaining market advantages by enhancing core
competitiveness winning market share by legal and compliant
* Employ methods such as investigations * Each business and * For identified significant * Continuously monitor operations and is committed to maintaining a fair just and open market
discussions and interviews with risk owners functional risks each business and changes in internal and competition order and promoting the sustainable and healthy
to identify risks (including ESG risks) in department functional department external environments development of the industry.strategic decisions and key business regularly analyzes develops and implements promptly revise risk
processes. the likelihood and measures to mitigate response measures and The Company simultaneously formulated the Code of Conduct for
* Collect risk information from various impact of risks to transfer or avoid the risks priorities and conduct
business segments through regular self- prioritize key risks and creates contingency periodic reviews. The Legal
Suppliers which clearly requires suppliers to strictly abide by applicable
national and international laws and regulations related to anti-
identification and supervisory reviews and and allocate plans to minimize the and Risk Control Department
continuously refine and optimize the resources effectively adverse impacts of the regularly reports risk monopoly and trade control and strictly prohibits acts such as market
company's risk map. to address them. identified risks. management information to monopoly and unfair competition alone or in collusion with other
* Further distill and identify environmental management and fosters an partners. During the Reporting Period the Company had no litigation or
risks as well as risks related to social and organization-wide risk major administrative penalties arising from unfair competition.corporate governance by aligning with ESG awareness and capacity for
topics and external regulatory requirements. continuous management. Tax Management
Easpring attaches great importance to employees' daily compliance Easpring adheres to the principle of operating in accordance with the
behavior incorporates compliance performance into the performance law and paying taxes in good faith strictly abides by the Enterprise
appraisal system and serves as an important basis for cadre appointment
appraisal and department appraisal. At the same time the Company Income Tax Law of the People's Republic of China the Value-added Tax
incorporates compliance management training into its annual training Law of the People's Republic of China and the applicable tax laws and
plan and takes members of leadership teams at all levels managers regulations of each place where it operates establishes and improves
personnel in important risk positions new recruits and overseas personnel
as key personnel for compliance training so as to continuously improve the tax risk management system and clarifies the tax risk management
the compliance awareness and ability of all employees. During the Year the process and control measures.Company organized foreign-related business personnel to deeply
participate in the "2025 Enterprise Overseas Integrity and Compliance The Company conducts tax knowledge training and publicity activities
Operation and Risk Prevention and Control Training Course" issued by the
Ministry of Commerce and the "Strengthening Compliance Operation and for relevant departments from time to time to enhance
Enhancing Enterprise Risk Prevention and Control Capabilities" online employees'awareness of tax compliance. Every year a third party is
special training organized by the State-owned Assets Supervision and entrusted to issue an annual tax declaration audit report and other
Administration Commission to gain an in-depth understanding of relevant
compliance requirements such as differences in overseas territorial laws relevant special reports are issued according to actual business needs
and regulations sanctions risks etc. and enhance the compliance so as to further strengthen the supervision and management of the
awareness and risk identification and control level of foreign-related Company's tax payment behavior. During the Reporting Period Easpring
business personnel. During the Reporting Period the Company conducted Compliance training site
15 special compliance trainings with 100% of the Company's new recruits Jiangsu Easpring Changzhou Easpring and Beijing Zodngoc maintained
and compliance trainings for key positions and 100% of the signing rate of their tax credit rating of A.compliance commitment letters.
43 44About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Information Security and Privacy
Protection
During the Reporting Period Easpring introduced professional third-party Easpring continues to carry out training and publicity on information security
Easpring strictly abides by the Cybersecurity Law of the People's Republic of organizations followed the ISO 27001 information security management system and privacy protection and further enhances employees' awareness and skills of
China the Personal Information Protection Law of the People's Republic of China certification standard continuously improved the construction of enterprise
the Data Security Law of the People's Republic of China and other relevant laws information security management system and continuously strengthened the network security prevention through network security publicity month and
and regulations of the country and where its business operates and continues to information security protection capability and compliance level. Jiangsu special training on information security and data security for new employees.improve the data security and personal information protection mechanism. Easpring was awarded the "2024 Industrial Information Security Protection Star During the Reporting Period the Company conducted internal information
Enterprise" by the Jiangsu Provincial Department of Industry and Information security and privacy protection training for 268 hours and the training coverage
Easpring has established an Information Security Committee chaired by the Technology. rate of new employees and key positions reached 100%.Company's Chairman which is responsible for top-level decision-making
strategic coordination and oversight of information security. The information The Company has formulated and implemented the Computer Network
technology department of the headquarters is responsible for the overall Information Management Regulations Face Recognition Technology Application
management of information security at the company level and reports on the Security Management Measures Trade Secret Protection Management Measures
development of network and information security work to the Information and other systems clarified the information security and privacy protection
Security Committee every year. The Intelligent Manufacturing Department of requirements and management processes implemented hierarchical
each subsidiary implements localized information security management and management and protection of information standardized the application of face
control responsibilities and simultaneously establishes a cross-departmental recognition technology ensured the effective protection of clients and
emergency response coordination mechanism to ensure full coverage rapid employees' personal privacy information and various trade secrets and ensured
response and closed-loop management and control of safety management. the company's information security and stable business operation. During the
Reporting Period there was no information security incident or personal privacy
The Company strengthened the data center network according to the level 3 leakage incident in the Company.standard of information security protection deployed and upgraded encryption
systems in two business segments respectively and built a "one network to the The Company formulates and implements the Information System Emergency
end" network architecture by deploying industrial firewalls industrial control Plan establishes and improves the forecasting and early warning mechanism for
security audit platforms and terminal security protection systems so as to realize various information system emergencies regularly conducts network offensive
all-round and full-process security vulnerability monitoring and risk prevention and defensive drills and improves security defense and emergency response
and control and improve network security protection capabilities. In terms of capabilities. At the same time third-party organizations are regularly invited to
remote access technical means such as zero-trust VPN bastion hosts and conduct special information security audits to ensure the continuous and
database auditing are used to ensure the security of remote access and effective operation of the information security management system. During the
operation and maintenance and build a solid security foundation for multi- Reporting Period the company's industry-finance integrated information system Cyber Security Publicity Month Publicity Site
location manufacturing bases collaborative operations. The company's passed external professional audits.industrial control network production network and office network are physically
isolated and cross-regional communication is controlled through firewalls to
comprehensively ensure the stability of production and operation and data
security.
45 46About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
03
Quality Innovation and Development
Responses to SDGs in this Chapter
Innovation is the cornerstone and "moat" of Easpring's sustainable development. Adhering to a
development strategy of "innovation-led quality and efficiency-driven" the Company continuously
enhances its core competitiveness through an efficient end-to-end R&D innovation system and a
multi-layered intellectual property protection mechanism. The Company consistently strengthens
the level and efficiency of product quality and safety control delivering stable reliable and
satisfactory products to clients. Through technological innovation and quality improvement it
contributes to the high-quality development of the industry.Responses to issues in this chapter Key Performance in this Chapter
* Innovation * Digitalization Development * R&D investment RMB 486 million * 3 specialized and new enterprises
* Product Quality and Safety * Ethics of Technology * Proportion of scientific research and technical * 100% ISO 9001 IATF 16949 quality
* Intellectual Property Management personnel in the company's employees 25.03% management system certification
* A total of 447 domestic and foreign authorized * 2 laboratories certified by CNAS
patents and 90 PCT patent applicationsAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Innovation Strategy
Easpring is market-oriented and innovation-driven closely tracks cutting-edge
Easpring strictly abides by the Science and Technology Progress Law of the People's Republic of China and other laws and regulations builds an efficient innovative R&D trends and client needs and makes forward-looking layout and planning of key
governance structure and R&D system continues to consolidate and strengthen the company's R&D strength supports the company's international technology-leading materials and intelligent equipment for high-performance batteries. Thedevelopment strategy and accelerates the development of cutting-edge new battery materials. industrialization process. Company actively implements the R&D strategy of “production in thisgeneration develop for next generation reserve for future generation”
formulates a product R&D plan (2025-2030) clarifies key elements such as R&D
Governance direction key R&D areas and R&D cycle and sets key indicators and roadmap for product R&D provides clear guidance for R&D activities forms a completecathode material product portfolio of “Three major materials and five strategicnew materials" and continues to lead the technological progress of the industry.Easpring has formulated the Regulations on the Management of Strategic New Products and Forward-looking Technology Projects and established an innovation
management structure with the technical committee as the core. The chairman of the company serves as the director and the leader of the ESG product special team serves
as the deputy director. The committee members include the presidents of Easpring (Beijing) Institute of Advanced Energy Materials Easpring (Changzhou) Institute of Li–ion
Battery Materials and Easpring Institute of Manufacturing & Engineering Technology the director of process technology department in manufacturing bases and external
industry experts. The technical committee is fully responsible for the forward-looking layout of the company's strategic new products and the effective operation of the R&D
management system leading the research judgment and decision-making of key technology research directions and coordinating the scientific allocation of innovative Three major materials
resources. The Committee regularly reports to the Board on the progress of R&D strategy product planning progress and technological innovation every year to ensure that
R&D governance is highly synergistic with the company's strategy. As the overall promotion department the R&D Management Department is responsible for the strategic
planning support of technology development product life cycle project management innovation resource coordination and promoting the efficient implementation of Lithium Nickel Cobalt Lithium Iron Phosphate
strategic new products and forward-looking technologies. At the same time the company has established a full-business field full-process and vertically integrated Manganese Oxide
technological innovation platform composed of Easpring (Beijing) Institute of Advanced Energy Materials Easpring (Changzhou) Institute of Li–ion Battery Materials Easpring
Institute of Manufacturing & Engineering Technology and actively carries out forward-looking technological innovation differentiated product research and development Lithium Cobalt Oxide
green minimalist process optimization and equipment upgrading etc. providing a solid platform foundation and systematic support for technological innovation and
transformation of scientific and technological achievements.Five strategic new materials
Technical Committee * As the Academia Sinica it is responsible for carrying out
Easpring (Beijing) Institute basic theoretical research on new energy materials while
of Advanced Energy aiming at the forefront of world science and technology and Key Materials for Solid- Sodium-ion Battery
Materials carrying out forward-looking research on strategic new state LIBs Cathode Material
materials;
Lithium Manganese Iron 5V Spinel Lithium Nickel
R&D Management Phosphate Manganese Oxide
* Responsible for carrying out product research and
Easpring (Changzhou) development and applied research organizing and Lithium-rich Manganese-
Institute of Li–ion Battery implementing technology iteration and transformation of based Material
Materials scientific and technological achievements and accelerating
product commercialization;
Easpring
(Beijing) Easpring
(Changzhou) Easpring Institute of Institute of
Advanced Institute of Li–
Manufacturing &
Engineering Easpring Institute of * Responsible for lithium battery material production process
Energy ion Battery Manufacturing & research equipment technology development management
Materials Materials
Technology
Engineering Technology and intelligent manufacturing development.
49 50About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring pays close attention to the market development of emerging industries develops and deploys new battery materials for new energy vehicles low-altitude flight
robots and other fields in advance actively carries out forward-looking technology research and development and market promotion and has made key progress in solid-
state lithium battery materials lithium manganese iron phosphate spinel lithium nickel manganate lithium-rich manganese base sodium electric cathode materials etc. Easp ring active ly prom otes
the development and
technological upgrading of sodium
Sodium-ion battery electric layered oxide materials
Easpring systematically deploys solid-state battery material systems such as oxides sulfides and halides. The semi-solid Cathode Material and polyanionic materials and the
cathode material adopts a new generation of two-phase composite process which solves practical problems such as poor safety product performance meets the
and serious gas production of ultra-high nickel cathode materials and achieves intrinsic safety ultra-low impedance and wide differentiated needs of clients.temperature range in semi-solid systems. Excellent low and high temperature performance; The all-solid-state cathode material
Key Materials for adopts an ultra-stable fast ion conductor modification process which solves the bottleneck problems such as large interface
Solid-state LIBs impedance and serious side reactions between the solid-state electrolyte and the cathode material and achieves ultra-high
capacity and ultra-long cycle life in the all-solid-state battery system. In terms of solid electrolytes the company uses special
component design technology to regulate lithium ion channels and multi-element targeted modification processes to stabilize
material structures and has successfully developed sulfide and oxide solid electrolytes with high ionic conductivity and During the Reporting Period the Company's dual-phase composite ultra-high
controllable micro-nano particle sizes. Stable preparation has been achieved which can significantly improve battery safety and nickel cathode materials for solid-state batteries were selected for inclusion in
cycle performance. the "Central Enterprise Scientific and Technological Innovation Achievements
Recommendation Directory (2024 Edition)" released by the State-owned Assets
Supervision and Administration Commission of the State Council. Additionally
the development and industrialization project for high-performance high-nickel
composite cathode materials for long-range electric vehicles was awarded the
Lithium "First Prize of the Nonferrous Metals Industry Science and Technology Award."
Manganese Iron Easpring launched high-manganese LMFP products and achieved continuous shipments of ten tons becoming an industry
Phosphate benchmark product.
5V Spinel Lithium Easpring has developed a lithium nic ke l mang anate cathode ma terial wit h both hi gh ca pacit y and long cyc le a nd it s
Nickel Manganese performance indicators are excellent to meet client needs.Oxide
Selected into the "Recommended Catalog of Scientific and Technological InnovationAchievements of Central Enterprises Achievements Manual (2024 Edition)“ and First Prize of theNonferrous Metals Industry Science and Technology Award
Lithium-rich Easpring has made breakthroughs in developing two generations of lithium-rich manganese-based materials. The first-generation
Manganese-based liquid system and the second-generation solid-state system materials are at the industry-leading level in terms of performance
Material indicators such as capacity and compaction density.
51 52About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Impact Risk and Opportunity Easpring has established a core R&D team with high professional quality rich R&D and practical experience and strong innovation ability. The core members
Management of the team include hundreds of millions of national talents young and middle-aged experts with outstanding contributions experts with special government
allowances from the State Council leading scientific and technological talents in
the capital rising scientific and technological stars in Beijing outstanding talents
Easpring has formulated and strictly implemented internal management systems in Beijing outstanding young engineers in Beijing etc. As of the end of the
such as the "Project Management Regulations" and "Product Design Process Reporting Period the Company had a total of 438 scientific research and
Control Procedures" and continuously standardized the technical project technical personnel including 37 doctors and 199 masters. Scientific research
management process. The company continues to optimize and promote and technical personnel accounted for 25.03% of the Company's employees.management innovation and business model innovation establishes IPD
(Integrated Product Development) mechanism adopts the strategy of "linkage of
research procurement production and marketing technology first" cooperates
with R&D marketing procurement production quality and other departments
to participate from the source of the project establishes a process-based R&D As of the end of the Reporting Period:
organization and actively promotes the industrial application of R&D technology
to realize the seamless connection from basic research to industrialization.Easpring had a total of 438 scientific research and
R&D Facilities and Digital Systems technical personnel
Easpring continues to build and iteratively upgrade R&D infrastructure deploys
digital management systems adapted to the forefront of the industry and builds Including 37doctors and 199 masters Pictures of the training site of "Easpring Smart College"
a solid hardware support and technical foundation for the efficient operation of
R&D work. As of the end of the reporting period the company has deployed more Easpring continues to upgrade its innovation incentive mechanism and explores
than 2000 sets of cutting-edge scientific research instruments and equipment to Scientific research and technical personnel accounted for various short-term and long-term incentive forms such as scientific and
ensure that the R&D team can efficiently promote scientific research tasks and technological achievement incentives and technology dividends through the
continuously achieve technological breakthroughs. During the Reporting Period 25.03% of the company's employees assessment and incentive mechanism for new product development so as to
Easpring SDIG (Panzhihua) was awarded the "Panzhihua Municipal Pilot R&D activate the innovation momentum of the R&D team. At the same time the
Platform" and "Panzhihua Municipal Key Laboratory". company has set up awards such as the "Science and Technology Progress
Award" "Technology Innovation Award" and "Engineering Design Award" in the
annual evaluation to commend teams and individuals with outstanding
At the same time Easpring has built the industry's first product life cycle performance in R&D innovation play their demonstration and leading role and
management system (PLM) which realizes online management of technical promote the company's overall scientific and technological innovation level
indicators progress quality and cost of new products promotes internal improvement. During the Reporting Period 9 projects of the company were
collaboration and knowledge sharing of R&D teams and comprehensively awarded scientific and technological innovation awards and a total of 60 people
improves project R&D efficiency. During the Reporting Period the company's Easpring continues to optimize the talent training system organizes multi- received innovation incentives.product development efficiency increased by 30%. dimensional training activities stimulates the innovative vitality of scientific
researchers and contributes more Easpring wisdom to the vigorous
development of the new energy industry. During the Reporting Period the During the Reporting Period
R&D Team company carried out a series of "Easpring Smart College" trainings focusing on
the bulk phase and interface modification of high-capacity and high-safety 9 project s o f Ea spring wer e awa rded scie ntific and tech nological
lithium cobalt oxide ultra-high nickel lithium-rich manganese-based and lithium
Easpring attaches great importance to the construction of R&D talent system iron phosphate cathode materials for semi-solid and all-solid-state batteries etc.continues to strengthen the introduction and training of high-end R&D talents organized hierarchical and classified lectures and practical training for R&D innovation awards and a total of 60people received innovation
builds a R&D talent team with a reasonable structure and complete echelon and backbones improved the technical capabilities of R&D teams and promoted the incentives.creates an industry talent highland with core competitiveness. precipitation of organizational wisdom.
53 54About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Green Product Design Scientific Research Cooperation
Easpring strictly abides by relevant domestic and foreign regulations and Participating in various cooperation and exchanges in depth is an important part of maintaining innovation vitality. Easpring continues to participate in various standard
standards such as the General Principles for Green Product Evaluation the preparation work industry-university-research cooperation scientific research project application and other exchange activities and contributes 当升 strength to the
Technical Specifications for Green Design Product Evaluation Lithium Nickel technological innovation and development of the industry.Cobalt Oxide and the EU Battery Regulation and formulates the Product Safety
Management Regulations and is committed to creating products with low
resource and energy consumption low pollutant emissions low toxicity and less Standard Preparation
harm easy recycling and reuse health safety and high quality. Based on the
concept of product life cycle the company continues to explore green product
design and low-carbon green process application through process innovation Easpring actively participates in the preparation of industry standards provides cutting-edge practical support for standard formulation promotes the improvement of
and is more committed to promoting the low-carbon transformation of the industry standards with technical experience and continues to contribute to the high-quality development of the industry. As of the end of the reporting period the company
industry and leading the industry to evolve towards a new development model is taking the lead in or participating in the preparation of 20 standards including 1 1national standards. The company has completed a total of 70 standards for related
that is environmentally friendly and resource-efficient. products testing methods and green products that it is responsible for or participated in formulating including a total of 18 national standards. Among them the national
standard "Lithium man ganese iron phosphate" (GB/T46512-2025) compiled by the company was officially released in February 2025.Short flow process of layered oxide cathode Serial Standard Name Standard/Plan No. Standard statusnumbe
Easp ring has deve loped a s hor t-process sinte ring 1 Lithium-rich lithium iron oxide GB/T 45327-2025 Published
process for preparing layered oxide cathode materials.Compared with the co-precipitation process it significantly 2 Cathode materials for lithium ion batteries—Determination of water GB/T 45330-2025 Publishedcontent—Carl fisher coulomb method
reduces processing energy consumption and improves the
sintering efficiency of oxide precursors and large particles of 3 Lithium manganese iron phosphate GB/T 46512-2025 Published
lithium hydroxide.
4 Test method for cathode materials of lithium ion battery—Determination of GB/T 46514-2025 Published
crystal structure—X-ray diffraction method
5 Test methods of cathode materials for lithium ion battery—Determination 20255610-T-610 Under drafting
Process for preparing spray cracking of the metallic impurities
Easp ring dev elops a l ow-cost process technology for 6 Lithium aluminum titanium phosphate 20255611-T-610 Under drafting
preparing spray cracking precursors using recycled materials 7 Test methods of cathode materials for lithium (sodium) ion battery- 20255612-T-610 Under drafting
to replace the traditional co-precipitation process. This Determination of residual alkali content
process directly utilizes valuable metal elements in recycled
materials which can omit the cumbersome metal separation 8 Methods for chemical analysis of lithium ferromanganese phosphate –Part 20256516-T-610 Under drafting
and purification steps of co-precipitation method and 1: Determination of manganese content—Potentiometric method
reduce raw material procurement costs and production 9 Methods for chemical analysis of lithium ferromanganese phosphate–Part 2: 20256517-T-610 Under drafting
energy consumption. This technological breakthrough will Determination of the ratio of manganese to iron
have a significant industrial chain linkage effect help build
an industrial closed loop of "production-use-recycling- 10 Methods for chemical analysis of lithium ferromanganese phosphate —Part 20256518-T-610 Under drafting
regeneration" effectively alleviate dependence on upstream 3：Determination of carbon and sulphur contents —Infra-red absorption method after high frequency induction furnace combustion
mineral resources and improve the safety and sustainability
of the industrial chain supply chain. 11 Test methods of cathode materials for lithium ion battery—Determination 20256519-T-610 Under drafting
of thermostability
National standards led or participated in by the Company in 2025
55 56About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Industry-University-Research Cooperation Metrics and Targets
Easpring attaches great importance to the cultivation of R&D talents and actively At the same time Easpring actively engages in deep collaboration with battery
promotes joint training integration of industry academia and research and end-users and industry partners to foster high-quality development. During the Goals/Indicators Progress/Target Achievement in 2025
industrial chain collaboration. Relying on the advantages of its own scientific Reporting Period the Company partnered with China FAW Group’s Solid-State
research platform the company is equipped with full-time corporate mentors Battery Research Group through a "Joint Task Agreement" to tackle key technical R&D Investment The number of professional R&D teams 438 accounts
opens up high-quality project resources promotes the implementation of the bottlenecks injecting new momentum into the NEV industry. Furthermore the for 25.03% of all employees;
"school-enterprise dual mentor" system and helps young scientific researchers Company collaborated with the Huayou Cobalt New Material Research Institute
and training objects improve their practical ability and innovation literacy in real on technical innovations including green precursor preparation environmental R&D investment RMB 486 billion accounting for 4.68%
scientific research scenarios of enterprises. During the Reporting Period process control and sustainability assessments via advanced characterization. of revenue.Easpring Jiangsu was awarded the "Electrochemical Energy Storage Materials These initiatives promote shared responsibility and synergistic development
and Systems Collaborative Innovation Key Laboratory of Jiangsu Universities " across the upstream and downstream value chain focusing on environmental
and "Changzhou Postdoctoral Innovation Practice Base" by the Jiangsu protection and resource efficiency.Provincial Department of Education. After years of continuous high-intensity R&D investment and technology
accumulation the company has won 41 national provincial and ministerial
honors such as "Nationally Recognized Enterprise Technology Center" "National
Technology Innovation Demonstration Enterprise" and "National Intellectual
Property Demonstration Enterprise"; 57 product and technology awards such as
China Patent Excellence Award Beijing Invention Patent Award Beijing Science
and Technology Award and China Nonferrous Metals Industry Science and
Technology Award. 1 national-level specialized special and new "little giant"
enterprise and 2 provincial-level specialized special and new small and
medium-sized enterprises.Electrochemical Energy Storage Materials Changzhou Postdoctoral
and Systems Collaborative Innovation Key Innovation Practice BaseLaboratory of Jiangsu Universities During the Reporting Period Easpring Jiangsu was awarded the “National High-tech Enterprise” and “2025 Nantong Innovative Small and Medium-sizedThe company has carried out in-depth cooperation with many well-known Enterprise”; Easpring Changzhou won the “Industrial Enterprise Science anduniversities and research institutes such as Tsinghua University Chinese Cooperation between China FAW Group's research group site Technology Innovation Award (2024)”; Easpring SDIG (Panzhihua) was awarded
Academy of Sciences Beijing Institute of Technology and University of Science the "2025 Panzhihua Innovative Small and Medium-sized Enterprise" and
and Technology Beijing and established five school-enterprise cooperation and "Panzhihua Municipal Technology Center".joint research projects to continue to promote the efficient transformation of
scientific research results. During the Reporting Period the company and the Scientific Research Project Application
Materials Computing and Simulation Center of the University of Limpopo in At the same time Easpring follows the
South Africa were approved as the "Belt and Road" joint laboratory for key Focusing on major national strategic needs the company takes scientific and principles of scientific and technological
materials for solid-state batteries. technological self-reliance and self-improvement as its own responsibility strives ethics of improving human well-being
to break through bottlenecks in the field of new energy materials continues to respecting the right to life adhering to
strengthen original and leading scientific and technological research fairness and justice reasonably controlling
continuously improves independent controllability and core competitiveness risks and maintaining openness and
and participates in major projects initiated by relevant ministries and transparency and abides by the national
commissions. Special projects demonstration projects and technology pilot constitution laws regulations and relevant
projects. During the Reporting Period the company actively undertook 5 regulations as well as scientific and
national-level research and development projects and helped the national new technological ethics norms. The company's
energy industry achieve high-level technological self-reliance and self-reliance business does not involve scientific research
with key technological innovation. and technology development in sensitive
National High-tech Enterprise ethical fields such as artificial intelligence and
"Belt and Road" Joint Laboratory of Key Materials for Solid-State Batteries life sciences.
57 58About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Intellectual Property Main measures for intellectual property protection
Management
Expand patent layout
Relying on the three-dimensional layout strategy of "core patents + peripheral patents + defense patents" the company continues to
Easpring strictly abides by national laws and regulations such as the Patent Law strengthen and improve the patent layout forming a patent layout with three characteristics: wide technical coverage independent core
of the People's Republic of China the Trademark Law of the People's Republic of technologies and international layout.China and the Copyright Law of the People's Republic of China as well as
international treaties such as the Patent Cooperation Treaty (PCT) continues to
improve the intellectual property management system and maintains high-
quality development and innovation ecosystem.Establish a patent database
The company establishes a patent database covering the company's main business provides timely information on technological
The headquarters of the Company has an independent intellectual property development trends and market trends for the company's project development and decision-making and avoids the risk of infringement of
department which coordinates and manages the intellectual property work of other people's intellectual property rights caused by information asymmetry.each subsidiary company and research institute and clarifies the intellectual
property management structure and control process; Unify and standardize the
workflow of patent mining patent application and review and trademark
application to further improve the efficiency of intellectual property
management. The Company's intellectual property work adopts the Intellectual property cooperation
management mode of "group management and control modular operation and The company regularly checks and tracks key patents and actively negotiates intellectual property cooperation with partners through
professional development" formulates and implements relevant management patent licensing pricing investment etc.systems such as the Regulations on Intellectual Property Management the
Regulations on Intellectual Property Management the Measures for the
Protection of Trade Secrets and the Emergency Plan for Trade Secret Leakage
strengthens intellectual property compliance management and risk prevention
strictly prevents infringement of other people's intellectual property rights and Legal risk prevention and control
effectively guarantees the legality and compliance of R&D and business activities.Implement hierarchical and classified protection for core information such as The company's intellectual property department legal affairs department research institute and other departments continue to
product formulas raw materials preparation processes and technical solutions strengthen their collaborative work in intellectual property risk management jointly judge product technical details and legal provisions
continue to improve patent layout and incentive mechanisms and build a solid and safeguard legitimate rights and interests in accordance with the law.line of defense against intellectual property risks.The Company comprehensively protects the company's innovative
achievements from multiple dimensions such as patent layout and intellectual
property management and continuously improves its intellectual property
creation protection application and management capabilities.
59 60About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring actively promotes the global patent layout and has obtained a number Easpring has formulated the Patent Star Selection Management Regulations
of core patent authorizations in five core markets: China the United States established and improved the patent incentive mechanism encouraged During the Reporting Period
Japan Europe and South Korea. The company has applied for 90 PCT patents technical personnel to actively carry out patent creation and application fully
and authorized 56 overseas patents. During the Reporting Period 18 new stimulated innovation vitality and enthusiasm and continuously enhanced the
overseas authorized patents were added and the Company continued to build a Company's technological innovation capabilities and core market a total of 12 outstanding technicians were awarded "Patent Star"
global intellectual property protection system to continuously enhance its competitiveness with high-quality patent layout. The Company regularly carries
competitiveness in the international market. out special training on intellectual property rights covering key positions such as
R&D technology sales and marketing continuously strengthens patent
awareness intellectual property compliance literacy and risk prevention
Easpring's patent applications have capabilities of all employees and comprehensively improves the level ofeffectively covered the “three major and protection of innovation achievements. During the Reporting Period a total of 12five new” product series and intelligent outstanding technicians were awarded "Patent Star".equipment and has submitted 1110
domestic and foreign patent applications
with a total of 447 domestic and foreign Easpring relies on the core patent system to build an advanced material design model supports the improvement of product competitiveness with independent intellectual
authorized patents and 52 authorized property rights and realizes the successful transformation of technological innovation into commerce. During the Reporting Period the relevant achievements of the
software copyrights. During the Reporting Company were successfully selected as the "First Batch of Excellent Cases of Patent Transformation and Application in Beijing in 2025" and the "Hundred Chains and
Period the company applied for 276 new Thousands of Enterprises" Patent Industrialization Promotion Project Typical Cases.patents at home and abroad and added
95 new authorized patents at home and
abroad. The company's ternary cathode
materials obtained the patent-intensive
product certification certificate and
Beijing Zodngoc was awarded the Beijing
Intellectual Property Advantage Unit. Patent-intensive product identification certificate
Beijing's first batch of outstanding cases of patent transformation and application "Hundreds of Chains and Thousands of Enterprises" patent
industrialization promotion project typical case certificate
Beijing Intellectual Property Advantage Unit
61 62About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring sets annual quality objectives establishes a quality performance
Product Quality and Safety appraisal mechanism tracks and evaluates the achievement of quality objectives of each production base every month identifies potential problems in time and
takes targeted measures to ensure the continuous achievement of quality
management objectives. The Corrective and Preventive Control Procedures have
The company strictly abides by the Product Quality Law of the People's Republic of China and other laws and regulations incorporates product quality and safety into the been established and non-compliance information feedback information
core management issues of sustainable development establishes a management structure with clear rights and responsibilities effectively implements quality management confirmation root cause analysis corrective action formulation/implementation
covering the entire product life cycle and builds a solid foundation for high-quality development. action verification standardization and other contents have been identified
analyzed and improved. During the Reporting Period the company gave full play
to the advantages of group management and control and organized all
Governance production bases to carry out internal audit of quality management system in an orderly manner. Through the construction of a multi-dimensional audit matrix a
total of 16 product audits 14 process audits and 2 system audits were completed
and the closure rate of audit problems on schedule was 100% thus realizing in-
Easpring has established a perfect product quality system management structure specifying that the general manager is the first responsible person for quality work who is depth investigation and closed-loop management of quality risks in the whole
responsible for formulating quality strategic objectives coordinating and supervising the product quality system management and regularly reporting the relevant work process. During the Year the Company did not have any major liability accidents
progress to the board of directors. The quality center is responsible for the implementation and implementation of product quality system management and the quality related to product safety and quality and its ability to prevent and control
system management department as the full-time management department of product quality system is responsible for integrating quality management standards and product quality risks was further enhanced.requirements into the whole business process and strictly implementing the guarantee of product quality and safety. The Company has set up independent quality
management departments in each production base and is equipped with professional quality engineers who are responsible for implementing real-time monitoring of the
entire production process continuously promoting process optimization and standardization construction and effectively improving product consistency and client
satisfaction. Strategy
Based on international standards such as IATF 16949: 2016 and ISO 9001: 2015 Easpring integrates the development needs of enterprises and the actual situation and Easpring adheres to the quality management policy of "creating green materials
continues to improve the full-cycle quality management system covering procurement design development production testing warehousing logistics and after-sales. The with science and technology realizing client value with quality and ensuring safe
company continues to promote quality improvement and system iteration to ensure the effectiveness of the quality management system. As of the end of the reporting development with responsibility" and establishes "client-centered making
period 100% of all cathode material production bases of the company had passed ISO 9001: 2015 and IATF 16949: 2016 quality management system certifications; Easpring quality one of the core competitiveness of products" as its quality strategic goal.SDIG (panzhihua) has obtained the IATF 16949: 2016 Automotive Quality Management System certification certificate on January 16 2026. The company strives to build a high-quality talent team that is "respectful of
standards and technology-driven" continues to consolidate the foundation of
full-process quality management continuously improves product quality and
stability provides clients with more competitive products and services and
supports enterprises with excellent quality High-quality and sustainable
development.ISO 9001 Quality Management System Certification IATF 16949 Certification
63 64About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Impact Risk and Opportunity out special work such as improvement of low content metal impurities and in a standardized way. At the same time the Company has established a adopted measures such as Failure Mode and Effects Analysis (FMEA) normalized review mechanism for non-conforming products regularly organizes
optimization of management process non-metallization modification of relevant departments such as R&D process and production to conduct in-depth
Management equipment and improvement of filtration system to effectively reduce the level analysis of the root causes of non-conforming products formulate targeted
of metal impurities in different series of products. improvement measures transform the review results into concrete actions to
optimize product design improve production processes and strengthen quality
control continuously reduce the incidence of non-conforming products and
Full Cycle Management of Product In accordance with the requirements of ISO/IEC 17025 General Requirements for build the last line of defense for product quality control.Testing and Calibration Laboratory Capabilities standard the Company has
Quality established a professional product measurement management team optimized
laboratory resource allocation and experimental process and strengthened
laboratory quality management and risk control capabilities. During the Hazardous Substances Management
Easpring attaches great importance to the quality and safety management of the Reporting Period the testing centers of Easpring Changzhou and Easpring
whole product life cycle and applies the Advanced Product Quality Planning Jiangsu were both certified by CNAS (China National Accreditation Service for
(APQP) management method and the Plan-Do-Check-Action (PDCA) cycle Conformity Assessment Laboratory Accreditation) to protect product quality Easpring strictly complies with domestic and foreign compliance standards such
management method continuously improve the whole life cycle quality and control. as EU Battery Regulation RoHS Directive REACH regulations Halogen-Free
safety management mechanism of products from product design production standards and Automobile Prohibited Substance Requirements (GB/T30512-
process unqualified product management and after-sales and is committed to 2014). The Company formulates and implements the Product Safety
providing clients with safe and excellent products.。 Management Regulations and Hazardous Substances Management Regulationsimproves the hazardous substance control system covering the whole process of
products from raw material procurement to finished product delivery and
Design Quality Management explicitly prohibits the use of lead mercury hexavalent chromium
polybrominated biphenyls (PBBs) and polybrominated diphenyl ethers (PBDEs).During the Reporting Period based on the requirements of IECQ QC 080000: 2017
Easpring formulates and implements procedures such as APQP Control hazardous substances process management system the company established a
Procedures and DFMEA Management Regulations and defines the full-cycle hazardous substances process management system improved the chemical
project management requirements from the initial planning of product design control mechanism standardized throughout the process and further
and development the implementation of process design and development plans strengthened the effectiveness and comprehensiveness of hazardous substances
product and process confirmation feedback evaluation and correction so as to control.achieve full coverage of quality control in the design process without blind spots.At the same time further refine the relevant specifications of product quality and
safety clarify the division of responsibilities collaboration processes and control At the same time Easpring has established a hazardous substance management CNAS Certification
standards of relevant departments in design projects avoid design defects from defense line of "source prohibition and full chain testing" strictly requires
the source realize pre-control of product quality and build a solid foundation for upstream raw material suppliers to implement hazardous substance control Disposal of Non-conforming Products
quality control in production links. responsibilities clarifies that they must provide test reports that meet relevant
standards prevent hazardous substances from flowing into the production
process and entrusts external professional third-party organizations to carry out
Easpring has formulated and implemented the Non-conforming Product Control
Process Quality Control hazardous substance testing on products every year and adds compliance labels Procedures clarified the process of handling non-conforming products under to products so as to convey the environmental protection attributes of products
different scenarios and the work specifications of responsible departments and to clients in a transparent way. During the Reporting Period the Company's full
Easpring formulates and implements the Product Monitoring and Measurement regularly reviewed non-conforming product incidents to continuously improve range of products successfully passed the RoHS Directive REACH Regulations
Monitoring and other procedures standardizes the process and management product design production and quality control processes. The disposal process and Halogen-Free tests of third-party professional organizations and all
requirements of raw material inspection production process product inspection judgment criteria and work specifications of each responsible department under obtained qualified reports.and finished product inspection and requires the traceability of test data to different scenarios such as unqualified raw materials and unqualified finished
ensure that the quality and performance of high-quality products meet client products are clearly defined to ensure that each batch of unqualified products
requirements. During the Reporting Period the company carried can be accurately controlled and disposed of
65 66About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Construction of Product Quality Culture Metrics and Targets
Easpring attaches great importance to the construction of quality culture Goals/Indicators Progress/Target
actively plays a leading role continuously carries out quality improvement Achievement in 2025
activities for all employees systematically builds a three-level quality education 100% timely delivery rate of mass production Achieved
and training system at the company level factory level and department level
and forms a quality culture management structure of "top-level planning products
middle-level implementation and grass-roots practice". The qualified rate of finished products Achieved
submitted for one-time inspection increased
by 0.1% year-on-year
REACH Regulation/RoHS Directive and halogen-free third party testing conformity report During the Reporting Period the Company carried out various quality culture
construction activities such as special quality management training quality Pass rate of annual certification Achieved
management knowledge competition and quality slogan collection with a total
of approximately 4178 participants and a training time of approximately 6693 audit/supervision audit of the system 100%
Digital Empowerment Quality Control hours. Zero main responsible quality accidents Achieved
Supported by Product Lifecycle Management (PLM) Manufacturing Execution Case: APQP special training empowers quality team Intelligent
System (MES) and Laboratory Information Management System (LIMS) Easpring
has built an accurate and efficient information quality control system to achieve Manufacturing
refined control of the whole life cycle of quality inspection product quality Focusing on key contents such as the core concepts implementation points
management and abnormality handling management and has the ability to and practical application tools of APQP the Company adopted the rich form
trace product quality in the whole process from incoming materials to outbound of "theoretical explanation + case dismantling + interactive discussion" to Taking data as the key driver Easpring has created a new productivity system that is "data-driven model-led and intelligent decision-making" through deep
warehousing injecting strong digital power into the efficient and orderly effectively promote the trainees to accurately grasp the practical points of integration of digital technology. By independently building a full-chain digital
operation of production lines and quality control improvement and upgrading. APQP improve their professional ability in quality management and management system covering product design and development manufacturing
strengthen the awareness of quality awareness responsibility and risk logistics and distribution an efficient and collaborative digital management base
prevention and control among all employees from point to area so as to has been built effectively improving cross-departmental collaborative work
promote the trainees to transform quality concepts into work actions and efficiency and project management capabilities. On this basis the company accelerated the construction of smart factories focused on process optimization
further deepen the consensus of quality management among all employees.Intelligent Build the OPCENTER platform (MES system) build a wide- and precise management and control deeply integrated automation and
Upgrade table market based on the company's data center realize information technology and achieved dual breakthroughs in resource utilization
real-time collection and visual analysis of production data efficiency and flexible production capacity. Through digital empowerment the
and empower front-line personnel to improve the efficiency company's product quality and production efficiency have been significantly
of product quality and safety management. improved providing clients with stable and reliable high-quality products.Innovation- Deploy the TEAMCENTER platform (PLM system) adopt the Digital Strategy
driven structured method of APQP advance product quality planning
realize the data penetration of the whole product life cycle Easpring firmly promotes the digital transformation strategy. The company has
establish a digital collaboration platform from conceptual formulated top-level plans such as the Easpring Digital Transformation Strategic
design to decommissioning and recycling effectively improve Plan Easpring Digital Implementation Route Plan and Smart Factory
cross-departmental collaboration capabilities and shorten Construction Plan. Relying on advanced information technologies such as cloud
the development cycle of new products. computing and artificial intelligence as well as advanced manufacturing
technologies it builds A digital and intelligent industrial platform with multiple
Quality The SunwayWorld platform (LIMS system) was launched to system interconnection. The company has established an intelligent
Control build a new ecosystem of laboratory digital quality control manufacturing leading group established an intelligent manufacturing
realize automatic collection of testing data analysis and early organizational structure clarified the responsibilities and collaboration methods
warning and report production and improve inspection APQP training site of each functional department formed an efficient and collaborative working
efficiency data accuracy and traceability. mechanism and built a professional team with both technical capabilities and
business literacy. At the same time experts from well-known institutes at home
and abroad are hired to participate in the design and planning providing the
company with cutting-edge technical guidance and solutions.
67 68About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
In accordance with the design concept of "business-oriented data-centric During the Reporting Period Easpring steadily promoted various control systems achieving deep integration of technologies such as intelligent
integrated and integrated" Easpring deepens the iteration of digital intelligent implementation tasks carried out digital system construction and upgrade in interaction independent planning risk perception and safety protection and
industrial platform runs through all aspects of R&D procurement production Easpring Changzhou Easpring Jiangsu and Easpring SDIG (Panzhihua) significantly improving production efficiency and management level.management etc. and realizes end-to-end data integration and sharing and effectively improving production and operation efficiency and management and
relies on big data and artificial intelligence technology to promote the upgrade control capabilities; Promote data governance-related work at the company level
from "data integration" to "data empowerment" provide accurate decision- to achieve standardized management and efficient utilization of data resources.making support for intelligent manufacturing with the help of real-time All work has made phased progress laying the foundation for future data
production data analysis assist scientific decision-making and build a smart management cost reduction efficiency increase and in-depth AI application.factory with intelligence information automation and digitalization.Easpring has clearly planned a "three-step" implementation strategy and Smart Factory Construction
promoted various transformation tasks in stages and in a focused manner. At
present it has achieved remarkable results in building digital platforms and
5G + sample delivery robot intelligent inspection robot
improving production efficiency. Easpring comprehensively promotes the construction of intelligent
manufacturing systems with manufacturing execution system (MES) BATCH In the equipment inspection process the inspection robot is equipped with
Control System (BATCH) and Distributed Control System (DCS) as the core multi-dimensional sensors to sense environmental risks in real time and trigger
Implemen Main tasks Implementa support opening up PLM system laboratory information management system safety protection mechanisms when abnormalities occur. Central control
tation tion (LIMS) smart Warehouse Management System (WMS) Warehouse Control personnel dynamically adjust tasks through remote monitoring to ensure safety
phase Progress System (WCS) warehouse Yard Management System (Yard Management System and efficiency. In the sample distribution process the sample delivery robot
YMS) and other digital systems with the underlying intelligent equipment. connects with the workshop system through the 5G private network and
Phase I * Continuously optimize various Completed independently plans the path to complete the distribution. In the process of
infrastructures; finished product delivery the digital system automatically completes processes
* Upgrade production line equipment and During the Reporting Period Easpring Changzhou achieved a 30% reduction in such as stacking wrapping and packaging. The AGV sends the pallets to the
industrial control system; the response time of production abnormalities through the implementation of loading port. The loading robot efficiently completes the loading task through
MES system. Easpring Jiangsu relies on industrial AI algorithms to achieve the hydraulic mechanism and track system. Special materials are handled
* Promote information security management
system certification. equipment abnormality monitoring accurate fault diagnosis and life prediction manually. Achieve seamless collaboration between man and machine. During
and drives a predictive maintenance closed loop through proactive early warning the Reporting Period Easpring Changzhou was awarded the 2025 Jiangsu
and operation and maintenance decision suggestions significantly reducing Province Advanced Smart Factory.Stage 2 * Continue to optimize PLM MES Suppliers Completed
Relationship Management (SRM) Client operation and maintenance costs.Relationship Management (CRM) SAP and Relying on technologies such as 2D/3D visual intelligent AI detection and
other systems and enrich business
scenarios such as "integration of research identification the Company has launched a self-developed sagger detection
production supply and marketing" and system in each production base to realize all-round detection of the main defect
"integration of business and finance"; types of saggers which can effectively identify and timely eliminate those that
* Polish and promote the mature production need to be replaced during the production process. Sagger reducing the risk of
management system; quality and safety accidents caused by sagger defects. During the Reporting
Period the sagger detection system developed by the company's subsidiary
* Carry out data base and data governance
construction. Beijing Zodngoc successfully passed the certification review of Beijing's first
major technical equipment (set) and was included in the "Beijing 2024 Third
Batch of First Major Technical Equipment Catalog".* Comprehensive digital empowerment of In progress
enterprise management and strategic
decision-making;
* Establish a risk management system based
Phase III on big data platform and artificial Easpring Changzhou Smart Factory Control Center
intelligence;
* Build digital twins that meet national smart
factory standards and realize digital At the same time the Company has deployed intelligent manufacturing
lighthouse factories. equipment such as sagger automatic cleaning robots and AGVs to build human-
machine collaborative operation units and management and Intelligent sagger detection Certificate of "Beijing 2024 Third Batch of
First Major Technical Equipment Catalog"
69 70About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
04
Environmental Protection
Responses to SDGs in this Chapter
Easpring adheres to the concept of green development fully integrates environmental management
into its operation practices continuously increases investment in the R&D and application of green
technologies and takes an active role in addressing climate change. Meanwhile through key
initiatives including strengthening pollutant emission control promoting the efficient utilization of
water and energy resources deepening the construction of resource recycling systems and
protecting biodiversity the company steadily promotes the green transformation of its production
and operation and contributes its corporate strength to building a beautiful China and advancing
ecological civilization development.Responses to Issues in this Chapter Key Performance in this Chapter
* Environmental Compliance * Water Stewardship * 100% obtained ISO 14001 Environmental Management * 16 products successfully passed the annual audit for UL Solutions
Management System Certification Recycled Content Certification* Energy Utilization
* Pollutant Emissions * Total environmental protection investment RMB 24.02 * Total installed capacity of the distributed photovoltaic power * Climate Response
million generation facilities exceeds 8.9 MW with an annual power
* Ecosystem and Biodiversity
Conservation * Special environmental audits cover 100% of operational
generation of 11111.92304 MWh
cathode material production bases * Easpring Changzhou Easpring Jiangsu Easpring SDIG Panzhihua
obtained the ISO 14064 certification and the ISO 14067 certificationAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Climate Response Board of Directors Strategy and Sustainability Committee
As a company committed to building a world-leading enterprise Easpring has
always upheld the mission of contributing to the development of the ecological
civilization era. With the carbon peaking and carbon neutrality goals as its core
strategic guidance it deeply integrates the concept of green development into
the Company's strategic planning and the whole process of business operation. EEaasspprirningg's's Carbon Peaking and Carbon Neuttrraalliittyy Woorrkk L Leeaaddeersrshhipip T Teeaamm
By establishing a systematic carbon management system the company
comprehensively evaluates the risks and opportunities related to climate change
and proactively plans and implements phased pathways for carbon neutrality
actions. It responds to the country's strategic call and aligns with the global Lead department: carbon & energy
climate governance process through practical actions and continues to explore management department
the path of green high-quality development.Governance
Easpring has integrated climate change issues into the Board's sustainability
governance framework. The Company's dual-carbon energy management
department serves as the leading department to coordinate and support the Carbon accounting special Carbon emission reduction Low-carbon products special Carbon assets special working
concrete implementation of the Company's dual-carbon initiatives; each working group special working group working group group
subsidiary has established a carbon management team and appointed full-time
carbon management specialists forming a vertically linked and fully coordinated
carbon management system. Under the guidance of the special working groups
the carbon management team of each subsidiary is responsible for conducting
its own carbon accounting as well as formulating and implementing emission
reduction targets while carbon management specialists undertake the day-to-
day work including carbon emissions data collection monitoring and analysis
and report preparation. This structure ensures that dual-carbon management
requirements are implemented across all business units and fulfills the
Company's climate governance responsibilities through a full-chain
management model.Headquarters Easpring Easpring Jiangsu Easpring SDIG Beijing Zodngoc
R&D center carbon
carbon Changzhou carbon carbon (Panzhihua) carbon carbon
management team
management team management team management team management team management team
Carbon Peaking and Carbon Neutrality Management Structure
7374
Leadership Management
team Special working groups teamsAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Climate Strategy
Climate-Related Risks and Opportunities
Based on industry trends and its own business characteristics the Company integrates industry research stakeholder feedback and internal and external expert advice and refers to different climate scenario analyses to systematically sort out and identify potential
climate-related risks and opportunities in terms of impact and probability. During the assessment the Company also takes into account the significant uncertainties arising from extreme weather events to ensure the comprehensiveness and scientific rigor of climate
risk assessment and develops targeted response strategies accordingly.To effectively identify and assess the impact of climate-related risks and opportunities on the Company the Company refers to the two Shared Socioeconomic Pathways (SSPs) in the Sixth Assessment Report of the United Nations Intergovernmental Panel on Climate
Change (IPCC) namely SSP1-2.6 (low-emission scenario) and SSP5-8.5 (high-emission scenario) to analyze its risks and opportunities under different climate scenarios.At the same time the Company defines the time horizon for climate-related risks and opportunities as short-term (within 1 year after the end of the sustainability reporting period) medium-term (1 to 5 years after the end of the sustainability reporting period) and
long-term (more than 5 years after the end of the sustainability reporting period) to evaluate the impact and evolution trends of risks and opportunities under different climate scenarios and time horizons and formulate more forward-looking and resilient response
strategies.Scenario Categories Selected Scenario Scenario Assumptions Scenario Source
High emission scenario SSP5-8. 5 Under this scenario fossil fuels continue to be the primary energy source for global economic growth and
greenhouse gas emissions are expected to remain at high levels through 2100 which may exacerbate the
occurrence of extreme weather events. Intergovernmental Panel on Climate Change (IPCC) Sixth
Low emission scenario SSP1-2. 6 Under this scenario the global economic development model is accelerating its transition from fossil fuel- Assessment Report (AR6)
dependent to renewable energy-driven and many countries have implemented stringent climate mitigation
measures to limit global warming this century to no more than 2.0°C above pre-industrial levels (1850).Physical Risks
Potential Impact
Physical Risk Categories Climate Scenarios Potential Financial Impact Analysis Countermeasures
Time Range Value Chain
* Frequent and intensifying extreme weather may damage * Easpring has formulated emergency management regulations and conducted emergency drills
production and office facilities resulting in losses of high-value for typhoon/flood prevention environmental emergencies and power outages to enhance
assets; employees' risk awareness and response capabilities;
Short * It seriously threatens employees' commuting safety and * At the project design stage the Company takes extreme weather factors such as heavy rain into
workplace safety increases the risk of safety incidents and leads account in advance to ensure that the rainwater drainage system is designed for a 10-year
Acute Heavy rains typhoons SSP5-8. 5 Medium Operations to a significant increase in operating costs; storm return period;risk floods etc. Supply chain
(High Emission Scenario) * Extreme weather may prolong raw material supply lead times * The Company implements localized procurement of production auxiliary materials establishes
Long-term exacerbate logistics delays and even trigger supply chain stable cooperation with suppliers within the province and builds a "1-hour logistics circle".disruptions exerting a cascading impact on business operations. * The Company maintains 24-hour duty during the flood season inspects key risk areas in the
factory premises fully stocks flood control materials and equipment and ensures adequate
staffing.* Persistent high temperatures may limit power supply affecting * Easpring stores backup power resources to enable rapid activation in the event of sudden
the operation of production equipment disrupting production power outages or insufficient power supply ensuring the continuity of production operations;
Short plans and increasing operating costs;
* The Company implements health measures for high-temperature work provides cooling and
Heavy rains typhoons SSP5-8. 5 (High Emission
Chronic Medium Operations * Rising temperatures can easily cause fatigue and heatstroke heatstroke-prevention supplies arranges reasonable shifts and rest periods and prevents floods etc. Scenario)
risk among outdoor workers which not only reduces work efficiency high-temperature injuries;
Long-term but also increases operating costs due to high-temperature
subsidies and additional investment in environmental
improvements;
75 76About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Transition Risks
Potential Impact
Transition Risk Categories Climate Scenarios Potential Financial Impact Analysis Countermeasures
Time Range Value Chain
* The Company's exports face green trade barriers and are * The Company continues to monitor changes in policies and regulations in its
susceptible to environmental policies and sustainable operating regions and product sales markets strengthens communication
development rules in Europe and the United States which and collaboration with stakeholders such as governments and industry
Stringent requirements Operations may lead to declines in product shipments and overseas associations and establishes and improves its carbon emission
Policies and of climate-related SSP1-2. 6 Short and revenue; management system;
Laws policies and Medium Term Marketing and
regulations (Low Emission Scenario)
* Disclosure requirements for carbon emissions in the * The Company has established a dual-carbon management organizational
sales Company's operating regions have been continuously structure conducts annual organizational carbon emission and product
tightened increasing the Company's investment and carbon footprint accounting and formulates and optimizes carbon emission
compliance costs related to carbon emission monitoring reduction work plans.and reporting.* In the context of a low-carbon society demand for clean * The Company conducts in-depth life-cycle carbon footprint assessment of
and efficient technologies is rising and the low-carbon core products identifies high-emission links in the product life cycle taps
transformation of high-carbon process equipment green emission reduction opportunities across the product cycle
requires substantial capital and time pushing up implements carbon reduction strategies and increases investment in low-
operating costs. carbon technology R&D;
Low-Carbon SSP1-2. 6 Product R&D
Technology Technology R&D and Medium and * The Company promotes the gradual upgrading of emission reduction
Investment (Low Emission Scenario) Long-term Operations management granularity from the factory level to the workshop process and equipment levels and achieves refined emission reduction management
through digital tools;
* The Company adopts lean production explores opportunities for cost
reduction and efficiency improvement advances technological and process
upgrades and achieves clean and low-carbon operations.* As downstream customers attach greater attention to and * The Company establishes a green supply chain evaluation system
raise higher demands on the Company's carbon reduction incorporates suppliers' carbon performance into procurement criteria
pathways overall climate transition plan and product expands the scope of green supplier screening and ensures a stable and
Product R&D carbon footprints the Company will increase expenditure controllable supply chain;
SSP1-2. 6 related to carbon reduction planning to actively respond Short and Supply chain to client demands; * The Company continuously increases the share of clean energy in its energy Market Changing Client Needs
(Low Emission Scenario) Medium Term mix through measures such as purchasing green electricity and constructing Marketing and * Downstream clients' demand for low-carbon materials is its own photovoltaic power generation facilities;
sales rising. Products with low-carbon attributes usually
command green premiums. However the procurement of * The Company strategically cooperates with high-quality suppliers focuses
recycled materials renewable energy and other resources on the recycling of key raw materials overcomes technical challenges and
often leads to higher costs due to limited market supply. improves the raw material recycling rate.* The Company's green and low-carbon development * The Company strengthens the carbon reduction layout of its operations and
progress has received continuous attention from all supply chain improves the development of its carbon management system
stakeholders. In the long run poor low-carbon and promotes energy conservation and carbon reduction in light of changes
Reputation Climate Change and SSP1-2. 6 (Low Emission Medium and Marketing and performance may damage the Company's reputation and in the Company's internal and external environment;Sustainability Scenario) Long-term sales affect its market value.Performance * The Company continuously enhances the transparency of ESG information
disclosure promotes the upgrading of sustainable development
governance and actively responds to inquiries from stakeholders.
77 78About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Climate Opportunities
Potential Impact
Opportunity Risk Categories Climate Scenarios Potential Financial Impact Analysis Countermeasures
Time Range Value Chain
Short * The low-carbon economic transformation drives growth in * The Company seizes opportunities brought by climate change
Products & Low-carbon products and demand for green and low-carbon products and services. If accelerates its presence in the new energy market strengthens
Services services SSP1-2. 6 Medium Marketing and sales the Company increases relevant R&D and application it can R&D innovation carbon management and clean production (Low Emission Scenario) align with market trends and seize new growth capabilities and provides clients with eco-friendly products and
Long-term opportunities. services that meet market demands.* The implementation of China's "dual-carbon" policy has * The Company is committed to building a sound green factory
Short fostered development opportunities for the new energy management system and relies on technological innovation and
Market Incentive and support of SSP1-2. 6 Medium Operations industry. The Company practices energy conservation and refined management to promote intelligent energy control national policies (Low Emission Scenario) emission reduction and applies for green factory efficient resource recovery improved energy efficiency and the
Long-term demonstration projects and is expected to obtain policy wide application of clean energy.subsidies and financial support.
79 80About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Climate-related Transition Plans
Easpring integrates climate change response into its long-term development * A three-tier carbon management organizational structure has been established clarifying roles and responsibilities
strategy through the implementation of the Easpring Carbon Peak and Carbon management processes and performance evaluation mechanisms.Neutrality Action Plan. The Company has established a 'Four-in-One' carbon
management framework centered on systemic governance lean accounting * Systems standards management ledgers and project mechanisms have been improved strengthening the
precision reduction and digital intelligence. By integrating system construction foundation for low-carbon governance and enhancing the systematic and adaptive nature of the carbon management
precise auditing strategic reduction and digital monitoring Easpring maintains system. Systematic Carbon
a closed-loop management cycle across the entire carbon lifecycle to transition Management
toward a climate-resilient enterprise.* Coordinate carbon data management at both the organizational and product levels and improve the end-to-end
process of carbon emission data collection calculation verification and disclosure.* Using key factories and key products as pilots continuously enhance data quality calculation accuracy and
verification capabilities effectively supporting the company's carbon target setting performance evaluation and
external disclosure thereby strengthening the foundation for scientific management.Scientific Carbon
Accounting
* Systematically advance operational-level emission reductions by focusing on areas such as process optimization and
energy efficiency improvement while simultaneously strengthening low-carbon collaboration within the supply chain
to drive continuous reductions in carbon emissions from raw materials logistics and other segments.* Uphold the principle of prioritizing emission reduction over offsetting with technology advancement and management
enhancement as the primary means to achieve substantive emission reductions. Precise Carbon
Reduction
* Promote the integration of multi-dimensional data—including energy consumption output processes and
emissions—by establishing unified data standards and a dedicated carbon management platform.* Drive the evolution of carbon management from outcome reporting to process control and from experience-based
judgment to data-driven decision-making thereby providing digital support for the company’s continuous carbon
reduction and lean operations. Digital Carbon Control
As of the end of the reporting period Easpring established a relatively comprehensive carbon management system and operational mechanisms. Through four dedicated
task forces—focused on carbon emissions emission reduction carbon assets and low-carbon products—the Company coordinates and oversees carbon accounting and
reduction efforts across all levels of its operating entities. In accordance with international accounting standards the Company conducts annual carbon emission
verification and third-party certification statements laying a solid institutional foundation and data groundwork for efficient carbon management. Moving forward Easpring
will prioritize energy structure optimization and emission reductions in key areas. By integrating digital systems for production energy and raw material management it
will leverage digital platform tools to build a robust core for carbon management.
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Management of Climate-related Impacts Risks and Key Carbon Reduction Actions
Opportunities
In order to steadily advance the achievement of the Company's dual-carbon strategic goals the Company has set its
operational carbon neutrality targets and pathways by formulating and implementing the Easpring Carbon Emission
Based on its own operational characteristics the Company systematically integrates multi-dimensional information such as Reduction Work Plan forming hierarchical phased and step-by-step key carbon reduction actions. It strives to improve the
stakeholder feedback internal and external environmental dynamics and expert opinions deeply integrates climate risk decarbonization level of its own operations and value chain through the application of emission reduction technologies and
management into the entire operational process of the enterprise and establishes a management system covering four key management measures.links: identification analysis and evaluation response supervision and improvement.Carbon Emission Verification Management
Climate Risk * Based on macro policies industrial policies concerns of various stakeholders and regulatory With the goal of improving carbon management efficiency the Company continuously optimizes its working mechanism
Identification requirements the Company screens climate-related risk points in its main business. formulates and implements carbon emission accounting guidance manuals at the organizational and product levels fully
standardizes the data collection and calculation processes for greenhouse gas inventories and product carbon footprints andsuccessfully establishes a one-stop carbon emission accounting system of “data monitoring – collection – accounting –reporting” to ensure high-standard quality and reliability of carbon emission data.During the Reporting Period relying on the standardized carbon inventory workflow and professional carbon footprint model
database the Company fully completed the organizational-level greenhouse gas emission inventory of all its cathode material
* Using scenario analysis the Company assesses the potential impacts of key climate-related risks production bases and conducted product carbon footprint verification for core products such as lithium cobalt oxide lithium
Analysis and and opportunities on its business under different scenarios. Combining the likelihood and impact iron phosphate and lithium nickel cobalt manganate. At the same time the Company entrusted a third-party professional
Assessment degree of climate-related risks it identifies the physical and transition risks that have a material organization to conduct independent verification of relevant data and successfully obtained the ISO 14064 organizational
effect on the Company's business development. carbon emissions certification and ISO 14067 product carbon footprint certificates.* In response to the assessed climate-related risks the Company formulates climate risk response
Risk Response strategies by comprehensively considering factors such as risks and benefits brand reputation and
social responsibility so as to ensure the steady development of the Company.* The Company continuously tracks monitors and manages the progress of climate-related risk
Monitoring and
Improvement mitigation. Meanwhile it steadily optimizes the risk control mechanism and management
efficiency in business operation to enhance its resilience to climate risks.ISO 14064-1:2018 Certificate of Organizational Carbon Emissions
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Energy Low-Carbon Transition
Energy structure optimization is the core approach to achieving low-carbon transformation. Based on its business characteristics and development needs the Company has
established an energy optimization pathway featuring “equipment electrification energy cleaning and power greening” systematically promoting the clean and low-
carbon transformation of the entire production and operation process continuously raising the share of green power consumption and energy efficiency and achieving deep
emission reductions in Scope 1 and Scope 2. Please refer to the “Energy Management” section for details.Easpring has combined the development of local renewable energy projects with the introduction of compliant green electricity certificates (GECs) and established a green
power supply model of “on-site generation for self-consumption plus external procurement” to further increase the share of green power consumption. Adhering to the
principle of “compliant procurement traceable sources and accurate retirement” the Company strictly screens GEC suppliers to ensure that all purchased GECs originate
from compliant renewable energy projects with complete traceability systems and certification documents in line with national and industry standards. During the Reporting
Period the Company purchased more than 60000 green electricity certificates corresponding to a total green power consumption of over 60 million kWh.ISO 14067:2018 Product Carbon Footprint Certificate
Carbon Management Platform
Purchased more than Corresponding to a total green power
To enhance the digitalization and refinement of carbon management the
Company has built a carbon management system and developed four core
functional modules: corporate carbon emission management product carbon 60000Green Electricity Certificates consumption of over 60million kWh
footprint management manufacturing base carbon reduction management and
carbon asset management. Through seamless integration with production
management systems such as SAP and MES the Company has achieved end-to-
end integration and automated collection of key carbon management data
including production raw materials and energy significantly improving the
efficiency of organizational carbon emission accounting and product carbon
footprint modeling. Relying on the platform's ability to rapidly collect and
analyze on-site data in real time the Company can quickly identify abnormal
fluctuations in carbon data providing a scientific basis for carbon management
risk early warning and emission reduction measure optimization. During the
Reporting Period the carbon management platform at Easpring Changzhou was
successfully put into trial operation. Going forward the Company will continue to
promote the implementation of the digital carbon management platform at
Haimen Factory and Easpring SDIG Panzhihua.Green Electricity Transaction Vouchers
Easpring Carbon Management Platform
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Driving Value Chain Carbon Reduction
Easpring integrates value chain carbon reduction into its supplier full life cycle management process and leverages its influence in the industrial chain to collaborate with upstream value chain partners on energy conservation and carbon reduction initiatives. The
Company continuously explores and develops a scientific supply chain green evaluation mechanism and includes supplier carbon performance indicators as an important criterion in daily procurement management. During the Reporting Period the Company
developed a supplier green indicator system covering multi-dimensional carbon management performance requirements including organizational carbon emissions product carbon footprints emission reduction target setting and renewable energy share to drive
upstream and downstream supply chain partners to jointly fulfill their green and low-carbon development responsibilities.Procurement of Low-Carbon and Environmentally Friendly
Products and Production Equipment Establishment of a Supplier Green Evaluation Mechanism Implementation of Localized Procurement
* Procure environmentally friendly products such as energy-saving lamps and * Incorporate key carbon management indicators including organizational * For various production auxiliary materials required in production and
new energy forklifts. carbon emissions product carbon footprints emission reduction target operation such as liquid oxygen for workshops special gases for testing
* Promote the procurement of recycled materials; packaging cartons are setting and renewable energy utilization into the supplier evaluation system. laboratories and low-value consumables the Company prioritizes a local
manufactured from recycled paper. * Provide carbon reduction workshops and training and promote procurement strategy to shorten transportation mileage and reduce carbon
* Introduce and install new production equipment to support the communication and collaboration with upstream and downstream partners
emissions from transportation.implementation of eco-friendly and low-carbon production processes. in carbon management.Carbon-neutral Factory
The construction of carbon-neutral factory is a core measure for the Company to deliver on its dual-carbon strategic goals. Leveraging the abundant clean energy in Panzhihua Sichuan Province the Company constructed the Easpring SDIG Panzhihua. Through the
application of carbon reduction technologies and carbon credit offsets it has become the first carbon-neutral factory in the lithium-ion cathode material industry in western Panzhihua region. During the Reporting Period the carbon-neutral factory demonstrationproject of Easpring SDIG (Panzhihua) was officially launched. The project plans to build a 6.5MW distributed photovoltaic system and a corresponding client-side energy storage system adopting an operation mode of “full self-consumption two-charge-two-discharge”. It is expected to supply 8149.88MWh of clean electricity annually and reduce CO? emissions by approximately 6715.5 tons. Meanwhile supported by IoT and cloud technologies a comprehensive management and control platform for the zero-carbon
smart plant will be built to aggregate adjustable load resources such as photovoltaic and energy storage within the plant realizing panoramic perception intelligent alarming refined energy efficiency analysis and full-process all-round management of carbon assets.Expected to generate clean electricity Reduce CO? emissions by approximately
8149.88MWh 6715.5tons
Easpring SDIG (Panzhihua) Carbon-Neutral Factory Demonstration Project Officially Launched
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Metrics and Targets To effectively deliver on its dual-carbon management goals the Company has established a scientific and efficient dual-carbon management indicator system with core indicators such as total greenhouse gas emissions greenhouse gas emission intensity and product carbon footprint intensity as the core approach for responding climate
change. During the Reporting Period the Company implemented a series of key carbon reduction actions focusing on energy structure optimization value chain carbon
reduction and carbon-neutral factories providing quantitative support and a practical pathway for the Company's low-carbon transformation.Easpring actively responds to the national “dual-carbon” strategy guided by
the Science Based Targets initiative (SBTi). It has established the workingprinciple of “prioritizing intensity control supplemented by total volumecontrol” and focuses on the feasibility of emission reduction pathways. By
simulating multi-scenario emission reduction pathways and designing an
optimal pathway the Company aims to achieve carbon emissions peak in its Indicator Unit 2024 2025
own operations no later than 2030 and strives to realize overall corporate carbon
neutrality before 2050. Meanwhile based on the business characteristics and
emission reduction potential of each subsidiary and branch the overall goal is Scope 1 emissions tCO2e 28040.62 46685.83
refined and decomposed into targeted carbon emission reduction sub-targets
forming a vertically connected and coordinated carbon emission reduction
target management system. Scope 2 emissions tCO2e 260675.84 410931.06
Greenhouse gas emissions
Total greenhouse gas emissions tCO2e 288716.46 457616.89
Greenhouse gas emission intensity tCO2e/RMB Million 38.02 44.11
By 2030 more than 60% of the total annual
electricity consumption of the Company's
production bases will come from renewable
energy projects.By 2030 the total carbon emissions of the
Company's own operations will be reduced by
at least 42% compared with 2023.By 2030 the total emissions of Scope 3
Category 1 (purchased goods and services) will
be reduced by at least 25% compared with 2023.Carbon Emission Management Objectives
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Resource Management Water Resources Management
The Company strictly abides by the Water Law of the People's Republic of China
the Regulations on Water Conservation and other relevant laws and regulations
As a firm practitioner of sustainable development the Company has integrated strengthens water resources management and improves the efficiency and
the concepts of water conservation energy conservation and circular economy economic benefits of water resources utilization. The Company's industry is not a
into its business development and business operation. The Company has water-intensive industry and water intake is mainly used for production and
continued to optimize resource allocation; through the optimization and operation and daily office work. The Company is equipped with full-time and
improvement of production processes and on-site production management and part-time water-saving management personnel at its production bases and
control it has improved product qualification rate and yield and reduced raw regularly conducts on-site inspections of production and domestic water use
material consumption; through the implementation of quota management for scenarios and recycled water reuse links to effectively curb the phenomenon of
ISO 50001 Energy Management System Certification "running dripping leaking and seeping" and avoid waste of water resources. water and energy use the Company improves the efficiency of efficient and Water-saving equipment is installed in office and living areas to reduce water
intensive use of resources and promotes the comprehensive green The Company has established the Regulations on the Management of Energy consumption. During the Reporting Period the Company had no major direct or
transformation of economic and social development with practical actions. Target Indicators and the Performance Appraisal System for Energy indirect water resources impact incidents caused by changes in water intake use
Consumption has equipped itself with three-level energy metering instruments discharge or storage. Water intake was carried out smoothly and orderly and no
regularly conducts energy consumption statistical analysis and energy balance difficulty in water intake occurred.analysis and stabilizes production equipment load through scientific
Energy Management optimization and adjustment of production arrangements so as to improve The Company actively advocates the concept of water resource conservation energy utilization efficiency while steadily increasing output. During the and adopts the “water balance model” to systematically monitor water use
Reporting Period all the cathode material production bases that were put into across the plant identify water-saving potential and formulate rational water
operation set and completed the energy consumption intensity reduction targets. management plans. During the Reporting Period all cathode material
production bases in operation set and achieved water conservation targets.The Company is committed to achieving high-efficiency and low-carbon During the project construction stage the Company adheres to the construction
transformation of energy utilization through diversified strategies such as concept of "Green Environmentally Friendly Energy-Saving Efficient and Water recycling is a key practice for the Company to implement its water
improving the energy management system implementing lean operation to Intelligent" adopts advanced production technology and intelligent resources protection strategy reduce water intake demand from the source and technologies in the industry and selects advanced high-efficiency and alleviate water resource pressure. The Company continuously optimizes its water
improve energy efficiency and actively applying clean energy. During the intelligent equipment to improve energy utilization efficiency from the source. In use structure by introducing reclaimed water treatment technologies and
Reporting Period the direct energy consumed by the Company consists of the production and manufacturing stage the Company comprehensively equipment and adding filtration and reverse osmosis systems to its self-built
natural gas gasoline and diesel and the indirect energy consists of self- optimizes energy use efficiency with the help of digital platforms through wastewater treatment stations so as to realize cascade utilization of water
generated electricity purchased electricity and steam. measures such as production process optimization and adoption of energy- resources minimize freshwater consumption and steadily improve water
saving equipment. During the Reporting Period the Company carried out a total resource utilization efficiency. During the Reporting Period the Company's
The Company strictly abides by the Energy Conservation Law of the People's of 9 energy-saving and consumption-reduction projects saving 20220 kWh of recycled water volume was 356.5 thousand tons accounting for 34.38% of total
Republic of China the Energy Law of the People's Republic of China the Cleaner electricity per year. Easpring Jiangsu and Easpring Changzhou have fully water intake.Production Promotion Law of the People's Republic of China and other relevant connected all workshop equipment of the whole plant to the DCS system realizing centralized monitoring of the production process and efficient energy
laws and regulations builds and continuously improves the energy management management.system with reference to ISO 50001 and other standards formulates and Case Easpring Jiangsu Water Resources Recycling Technology
implements internal systems such as the Energy Management Regulations and At the same time based on the global green development trend the Company Transformation Project
Energy Identification and Evaluation Control Regulations and clarifies the energy systematically promotes the clean transformation of energy structure in combination with the geographical conditions economic development level and In 2025 Easpring Jiangsu completed water resources recycling projects such
management process and the responsibilities of each responsible department. energy resource endowment of different regions. In areas rich in renewable as the washing water reuse renovation of the precursor workshop which can
The Company has full-time and part-time energy management personnel at its energy resources such as Kotka in Finland and Panzhihua in China the Company save an average of 60 tons of fresh water per day.production bases who are responsible for the formulation and approval of has made forward-looking arrangements for new production bases
energy use plans as well as energy management assessment and regularly simultaneously promoted the application of clean energy alternatives such as
carries out energy conservation training and education. In accordance with the natural gas and actively developed rooftop distributed photovoltaic projects
energy system management requirements and the annual audit plan the and photovoltaic-storage power generation projects to build a multi-energy
Company conducts special energy audits every year and issues an internal audit complementary clean energy system. Through rational planning design and management the Company promotes new energy accommodation and
report on the energy management system. As of the end of the reporting period improves energy utilization efficiency.Easpring Changzhou Easpring Jiangsu and Easpring SDIG (Panzhihua)
successfully passed the ISO 50001 energy management system certification. During the Reporting Period the Company's total annual photovoltaic power generation has reached 11111.92 MWh and clean energy consumption
accounted for 10.74%.
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At the same time the Company has carried out various water-saving initiatives As the main body responsible for practicing green development the Company has implemented the concept of circular economy throughout the whole product life cycle
and posted "Save Water" signs to mobilize employees to participate in water and deeply engages in the research and development and production of resource-saving and environment-friendly products. The Company has systematically built a
resources protection continuously deepen the water-saving concept among all recycled material quality management system covering the entire process of procurement testing production warehousing and traceability to ensure the stable
employees and build consensus on green development. performance safety and dependability of recycled raw materials. At the same time the Company actively benchmarks international advanced standards and promotes the
alignment of recycled material product certification with global sustainable regulations. During the Reporting Period the Company’s 16 products such as multi-component
materials and lithium cobalt oxide materials passed the annual audit of UL Solutions and obtained UL 2809 Recycled Material Content Certification.Case: 2025 World Water Day and China Water Week
In March 2025 the Company launched the theme campaign themed
"Protecting the Source of Life: From Glaciers to Homes". Through the
combination of knowledge popularization cultural interaction and practical
experience the Company built a consensus on water conservation among
all employees and fulfilled its responsibility of water resources protection. Packaging materials and office
paper produced from recycled
materials2617.83tons
2025 World Water Day and China Water Week Theme Activities
Circular Economy Recycled packaging materials and office paper accounted for
81.00%
The Company strictly follows domestic laws and regulations such as the Law of UL2809 Recycled Material Content Certification
the People's Republic of China on the Promotion of Circular Economy and
actively benchmarks the requirements of international sustainability-related laws
and regulations has incorporated circular economy requirements into the In recent years China's power batteries have gradually entered a peak period of centralized scrapping and decommissioning. Power batteries contain large quantities of
Company's ESG Policy and has integrated them into the entire process of recyclable high-value metals such as lithium cobalt and nickel. The Company regards the layout of battery recycling projects as a key focus of its vertical integration strategy
product design production process and resource management striving to gives full play to its comprehensive advantages in technology industry and capital and steadily advances the implementation of waste battery recycling projects. During thereduce resource consumption and waste emissions throughout the product life Reporting Period the Company invested in the establishment of a joint venture which plans to build the new “Green Recycling Project for Waste Lithium-Ion Powercycle and create resource-saving and environment-friendly products. Batteries” in Pizhou Jiangsu Province establish a stable “internal circulation” system for raw materials and achieve efficient resource utilization and sustainable
environmental development.The Company introduces certified recycled materials in the procurement process
to promote resource recycling from the source; In the production process we In addition the Company has established in-depth strategic cooperation with industry leaders including Huayou Cobalt GEM and Zhongwei Co. Ltd. to jointly build recycling
focus on the efficient utilization of materials throughout the life cycle fully channels co-develop regeneration technologies and share resource networks so as to earnestly fulfill its extended producer responsibility obligations. During the Reporting
implement cleaner production and effectively improve the utilization rate of raw Period the Company's practices in resource conservation and circular economy were selected as an outstanding ESG case by the Publicity and Education Center of the
materials through technological breakthroughs and lean management; In the Ministry of Ecology and the Environment and as an outstanding sustainable development practice case of listed companies by the China Association of Listed Companies in
packaging process we actively implement the principle of packaging reduction 2025.significantly reduce the use of disposable sampling bags and implement
recyclable solutions such as pallet reuse to minimize resource consumption and
waste discharge. During the Reporting Period the Company recycled and reused
1225.64 tons of packaging materials accounting for 25.07% of the total
packaging usage; 2617.83 tons of packaging-grade office paper were produced
from recycled materials accounting for 81.00% of the total usage of packaging
materials and office paper.
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Environmental In accordance with the ISO 14001 Environmental Management System the Company has formulated standardized environmental management system documents and effectively controls environmental risks and prevents and responds to environmental emergencies through standardized environmental management practices. It ensures
the effective operation and continuous improvement of the environmental management system through sustained resource support and special environmental audits.Compliance During the Reporting Period 100% of the cathode material production bases that have been put into operation have obtained the ISO 14001 Environmental Management System Certification.Management
Easpring strictly abides by the Environmental Protection Law of the People's
Republic of China the Environmental Impact Assessment Law of the People's
Republic of China the Emergency Response Law of the People's Republic of
China the Administrative Measures for the Legal Disclosure of Enterprise
Environmental Information the Administrative Measures for the Filing of
Emergency Response Plans for Unexpected Environmental Events of Enterprises
and Public Institutions the Regulations on Environmental Protection of
Construction Projects the Regulations on Ecological Environment Protection of
Jiangsu Province the Regulations on Environmental Protection of Sichuan
Province and other national and local laws and regulations as well as the
applicable laws and regulations of the places where the Company operates
overseas. We integrates the green development philosophy into the entire chain
of production and operation continuously improves the modernization level of
the Company's environmental governance through systematic environmental
management practices and earnestly fulfills its environmental protection
ISO 14001 Environmental Management System Certification
responsibilities.Environmental Management System The Company has formulated internal management systems such as Environmental
Protection Management Regulations Ten Iron Regulations on Environmental Protection
The Company has established an environmental management organization Safety Environmental Protection and Occupational Health Management of
system with a clear hierarchy and clearly defined roles and responsibilities under Construction Projects and Control Procedures for Identification and Evaluation of 0 Major Environmental Incidents
the “Headquarters–Production Base–Workshop” structure. As the highest Environmental Factors to clarify the process of environmental risk management. During
decision-making body for environmental management the Safety Committee project construction the Company entrusts qualified units to conduct environmental
established by the Company is chaired by the Chairman of the Board. Its impact assessment for construction projects analyze the possible environmental
members include the Company's senior executives heads of relevant impacts and their severity on the local environment and formulate and implement 100% Compliant Exhaust
headquarters departments and subsidiaries. It is responsible for formulating the various pollution control measures during the construction period. The environmental Emissions
Company's environmental management policies and measures establishing and impact during project construction is temporary and will be eliminated upon
improving the environmental performance appraisal system coordinating and completion of construction. For projects that have been put into production the
organizing environmental inspections and supervising the rectification of
potential hazards. The Committee Office is located in the EHS Management Company systematically identifies environmental factors involved in production and
Department which is responsible for providing overall guidance on operation as well as stakeholders' activities develops a risk identification and control
100% Compliant Wastewater Discharge
environmental management to production bases and various departments list for significant environmental factors formulates corresponding control measures
conducting environmental inspections and special supervision organizing and strictly implements them to ensure that environmental risks are effectively
emergency rescue for major environmental incidents and handling accident identified and controlled. The Company formulates and dynamically updates Continuous Increase in Solid Waste
investigations dispositions and case closure management. Production bases are environmental management objectives every year integrates them into the process Recycling Rate
equipped with full-time environmental management personnel who are performance evaluation system of each unit and tracks the implementation progress of
responsible for the establishment implementation maintenance and environmental objectives on a monthly basis to ensure the effective achievement of
continuous optimization of the environmental management system promoting environmental objectives. During the Reporting Period the Company set and achieved Corporate Environmental Management Goals
the implementation of various environmental protection systems and the following annual environmental management objectives:
continuously improving environmental management performance.
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Easpring scientifically divides environmental risk units in its factory areas At the same time The Company has established a regularized information
implements the "post responsibility system + territorial responsibility system" Environmental Audit sharing and emergency response linkage mechanism with local environmental
signs Environmental Safety Responsibility Letters with personnel in charge of protection emergency management industrial park management agencies
each area publicizes the commitment to all employees takes the initiative to medical rescue institutions and other government departments. It has also
accept supervision and establishes an on-site inspection mechanism for senior The Company strictly follows the ISO 14001 management system requirements signed linkage and mutual aid agreements for emergency rescue for work safety
management to form a closed-loop management of "investigation-rectification-
acceptance". Meanwhile the Company actively promotes the digital and annual audit plan and conducts special environmental audits on a regular
accidents with surrounding units forming a regional enterprise emergency
rescue linkage and mutual aid mechanism. When environmental emergencies
transformation of environmental safety management and links key risk basis to assess the adequacy and effectiveness of the environmental occurring within the Company or at surrounding enterprises affect the Company
monitoring points such as initial rainwater basins emergency ponds for management system and accurately identify areas for optimization and the corresponding plans will be promptly activated to control the situation and
accidents and switching gates to the automated monitoring system. Through improvement. The Company completed the special internal environmental audit mitigate environmental impacts in the shortest possible time.
24-hour real-time online monitoring and intelligent early warning the Company as planned covering the identification and control of environmental factors
has achieved an effective upgrade from "manual prevention" to "technical environmental pollution prevention and control measures such as wastewater Adhering to the principle of combining environmental emergency response work prevention" greatly improving its rapid response capacity to environmental risk with job responsibilities The Company has set up an emergency rescue team
incidents. During the Reporting Period the Company's rectification completion waste gas and solid waste the operation of the environmental management composed of professionals from key departments environmental management
rate of environmental safety hazards reached 100% and no administrative system and emergency management ensuring the compliance and and inspection. It has also fully equipped the team with sufficient emergency
penalties were imposed by ecological and environmental authorities. effectiveness of the Company's environmental management. During the protective gear supplies and communication equipment to ensure that
Reporting Period the special environmental audit achieved 100% coverage of all emergency resources are available at any time. At the same time The Company
cathode material production bases that have been put into production and strictly implements the annual emergency drill plan and regularly organizes environmental emergency drills to ensure that personnel are proficient in
100% of all issues identified in the environmental audit have been rectified with
Case: Easpring Jiangsu's innovative measures in the field of emergency response procedures equipment operation standards and
ecological and environmental protection and green development a closed-loop management. coordination and cooperation requirements. During the Reporting Period The
were selected as a demonstration case in Nantong and are being Company organized 11 environmental emergency drills.promoted across the city.Easpring Jiangsu's innovative achievements and typical experience in
pollution prevention and control circular economy system construction Environmental Emergency Management
and low-carbon transformation and development have been listed as a
demonstration case and promoted across the city.On the premise of strictly implementing environmental risk prevention and
control requirements and effectively reducing the probability of environmental
risk events the Company has built emergency facilities such as risk unit
cofferdams accident wastewater collection tanks cofferdams and intercepting
ditches and all external discharge pipes in the manufacturing bases are
equipped with cut-off devices to consolidate the three lines of defense for
environmental emergency response and minimize the potential impact on
surrounding communities and the environment. The Company is equipped with
monitoring devices such as cameras and detectors in key areas and conducts
daily inspections to continuously improve its emergency monitoring capacity for
environmental emergencies. During the Reporting Period no major Easpring Changzhou Conducts Practical Drills on the Emergency Plan for Production Wastewater
environmental incidents occurred. Leakage Accidents
Easpring has always firmly fulfilled its environmental protection commitments On the premise of strictly implementing environmental risk prevention and
and specially allocated environmental protection funds through the annual control requirements and effectively reducing the probability of environmental The Company continues to improve employees' awareness and sense of
budget to ensure that all environmental protection initiatives receive stable and risk events the Company has built emergency facilities such as risk unit responsibility regarding ecological and environmental protection. We carry out
continuous financial support. The Company's special environmental protection environmental protection training on environmental laws and regulations The
funds cover the construction and renovation of pollution prevention and control cofferdams accident wastewater collection tanks cofferdams and intercepting Company's environmental protection system emergency evacuation and self-
facilities the operation of environmental protection facilities and pollutant ditches and all external discharge pipes in the factory are equipped with cut-off rescue and mutual aid for all employees; and for employees in key
monitoring services. Through continuous financial investment it is committed to devices to consolidate the three lines of defense for environmental emergency
response and minimize the potential impact on surrounding communities and environmental management positions such as wastewater treatment plants and effectively reducing emissions of various pollutants improving resource laboratories we conduct special training on the operation and maintenance of
recycling efficiency and mitigating negative environmental impacts. At the same the environment. The Company is equipped with monitoring devices such as pollution control facilities environmental monitoring technology and
time the Company strictly fulfills its environmental protection tax obligations to cameras and detectors in key areas and conducts daily inspections to emergency response operations. It also posts environmental protection slogans
achieve harmonious coexistence with the environment and long-term continuously improve its emergency monitoring capacity for environmental and posters in its factory areas to transform environmental protection concepts
sustainable development. During the Reporting Period the Company invested emergencies. During the Reporting Period no major environmental incidents into employees' conscious actions. During the Reporting Period The Company
RMB 24.02 million and paid environmental protection tax of RMB 285900 in full occurred. carried out a total of 2011 hours of environmental protection training achieving
compliance. 100% employee coverage for environmental protection training.
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Biodiversity Conservation Project Design and Planning Phase: The Company strictly complies with the national "Three Lines and One Permit" ecological and environmental zoning Case: Easpring Changzhou Rescues National Second-Class Protected
control requirements to prevent ecological risks at the source. The Company Animals
entrusts qualified third-party professional organizations to conduct
Easpring attaches great importance to the potential impact of operational comprehensive environmental baseline surveys and assessments and adopts Easpring Changzhou employees actively rescued an injured black-winged
activities on biodiversity and ecosystems strictly abides by relevant laws and kite a National Second-Class Protected Animal which was highly
Wildlife Protection Law of the People's Republic of China countermeasures to prevent or mitigate adverse impacts to minimize the impact regulations such as the commended by the Jintan District Wildlife Rescue Authority.the Forest Law of the People's Republic of China and the Wetland Protection of its business on ecosystems.Law of the People's Republic of China and has formulated policy documents Production and Operation Phase: The Company continuously operates
such as the ESG Policy the Environmental Protection Management Regulations monitors reviews and improves its environmental management system and
and the "Three Simultaneities" Management Measures for Construction Projects. effectively controls pollutants such as waste gas wastewater and solid waste
The Company respects legally designated ecological protection areas important generated during production and business operation to reduce impacts on the
habitats and other areas with important ecological functions and significant surrounding ecological environment. Meanwhile in greening development in its
implications for biodiversity conservation at the international level and in host factory areas the Company gives priority to highly adaptable and eco-friendly
countries. It does not construct or renovate projects in areas such as World native plant species to prevent the introduction of invasive alien species and
Heritage Sites IUCN Protected Area Management Categories I–III UNESCO help maintain the stability of regional biodiversity.Biosphere Reserves National Parks Nature Reserves and Natural Parks and has
established biodiversity protection requirements in such links as project design The Company continues to strengthen awareness regarding biodiversity
planning production and operation. As of the end of the reporting period all conservation conducts training on the basic concepts and relevant legal
production bases of the Company are located on industrial land and there are knowledge related to biodiversity conservation and organizes activities such as
no operating sites located within or near Nature Reserves and Biodiversity-Rich displaying thematic posters and holding knowledge contests on important
Areas; No significant impacts on ecosystems and biodiversity have been anniversaries such as World Environment Day and International Biodiversity Day
identified from any of the Company's production operations products or to comprehensively disseminate biodiversity knowledge and encourage all
services. employees to actively engage in biodiversity conservation practices.
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Pollutant and Waste Wastewater Management
Management The Company's wastewater discharge types are mainly divided into production wastewater domestic sewage and factory area rainwater. The main pollutants are COD ammonia nitrogen nickel etc. The Company strictly implements environmental impact assessment requirements has built supporting wastewater treatment facilities in
Easpring Changzhou Easpring Jiangsu and Easpring SDIG Panzhihua has assigned professional management personnel and conducts daily on-site inspections and regular
environmental monitoring. The Company has formulated the Environmental Protection Management Regulations and established a "Three-Level Wastewater Control
Easpring strictly complies with the Environmental Protection Law of the People's Process" which clarifies the risk points and control measures for wastewater facilities at all levels. Wastewater is reused after passing through wastewater treatment facilities
Republic of China the Water Pollution Prevention Law of the People's Republic of or discharged into the industrial park sewage treatment plant after meeting the discharge pipe connection requirements. During the Reporting Period all wastewater
China the Air Pollution Prevention Law of the People's Republic of China the Soil treatment facilities maintained normal operation. Easpring Changzhou achieved zero production wastewater discharge; Easpring Jiangsu completed the cathode wastewater
Pollution Prevention Law of the People's Republic of China the Noise Pollution zero-discharge renovation project reducing wastewater discharge by 86000 tons annually; and Easpring SDIG Panzhihua completed the reclaimed water reuse project
Prevention Law of the People's Republic of China and other laws and regulations reduced wastewater discharge by 12849 tons in 2025.as well as the Comprehensive Wastewater Discharge Standard the
Comprehensive Air Pollutant Emission Standard the Pollution Control Standard The Company strictly follows the core principle of "Rainwater and Sewage Diversion and Clean Water and Sewage Diversion" has designed and constructed its water supply
for the Storage and Disposal of General Industrial Solid Waste the Pollution and drainage systems and has established a core full-process management and control system of classified collection and classified treatment. According to the
Control Standard for the Storage of Hazardous Waste the Environmental Noise characteristics of different wastewater types The Company adopts standardized treatment measures to ensure that all types of wastewater disposal are legally compliant
Emission Standard for Industrial Enterprises at Boundaries and their environmental impacts are controllable.and other standard
requirements. In production and operation we strictly control pollutants such as
wastewater waste gas and waste strengthens noise control and have installed
environmental protection graphic signs at all discharge points to enhance on- Wastewater Type Main Pollutant Treatment Technologies and Methods
site management and public supervision. During the Reporting Period all
pollutant discharges of the Company met the relevant emission standards waste
was disposed of in accordance with regulations and standards and the total Production Production wastewater undergoes classified collection and hierarchical treatment to achieve pollutant emission reduction and resource
pollutant discharge amount met the total control amount required by the utilization.Company and the local government. Wastewater
* General Pollutant Treatment: Pollutants such as chemical oxygen demand (COD) ammonia nitrogen and total phosphorus in wastewater are
pretreated at the on-site self-built wastewater treatment stations in its factory areas. After meeting the industrial park discharge pipe
connection requirements they are centrally transported to the industrial park sewage treatment plant for advanced treatment.* Heavy Metal Recovery Treatment: Nickel ions in nickel-containing wastewater are precipitated through a special metal deposition tank and
then subjected to solid-liquid separation using a filter press after which the filter residue is dried in a dryer to recover nickel resources
realizing the heavy metal recycling goals and reducing environmental burden.Domestic Sewage After domestic sewage is initially treated by grease traps and septic tanks it enters the integrated sewage treatment equipment for biochemical
treatment and is finally discharged into the industrial park sewage treatment plant for unified disposal ensuring that domestic sewage is
discharged up to standard.Factory Rainwater The Company has implemented a rainwater and sewage diversion system. Initial rainwater is collected into dedicated temporary storage pools
directed to the factory wastewater treatment stations for pretreatment and then discharged into the industrial park sewage treatment plant;
Subsequently clean rainwater is discharged in an orderly manner into the industrial park's rainwater pipe network preventing the discharge of
polluted rainwater.
101 102About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring continues to optimize production processes and technologies and
implements special improvement measures for "Running Dripping and Waste Gas Treatment
Leaking" to reduce the generation of pollutants in wastewater. In 2025 The
Company set and achieved the following wastewater discharge targets: The Company's waste gas is mainly divided into three categories: production waste gas experimental waste gas and canteen cooking fume. The main pollutants are particulate matter nitrogen oxides sulfur dioxide VOCs and ammonia. The Company attaches great importance to the prevention and control of waste gas pollution and
builds a full-process governance system of "Source Reduction – Process Control – End-of-Pipe Treatment". In terms of source control the Company adopts a fully enclosed
Types of Major Annual Constraint Target production system and reduces unorganized fugitive emissions of waste gas from the source through process design such as automatic feeding and closed packaging. The
Pollutants Targets Achievement Company adopts low-nitrogen combustion technology with the nitrogen oxide emission concentration not higher than 50 mg/m3; In terms of process control negative
pressure capture devices are configured for the waste gas generation nodes in each production process to achieve an exhaust gas capture rate of over 99% and minimize the
Annual emissions shall
Total COD not exceed 3.21 risk of unorganized emissions; In terms of end-of-pipe treatment the Company has installed supporting waste gas treatment facilities including dust removal devices and Emitted tons
Emissions RTO incinerators in Easpring Changzhou Easpring Jiangsu and Easpring SDIG Panzhihua formulated and strictly implemented the Environmental Protection Management 29.57tons meeting the target Regulations to ensure the treatment efficiency of various waste gas treatment facilities and properly handle exhaust gas residues and recyclables. During the Reporting Period
all waste gas treatment facilities maintained normal operational status.Total Ammonia Annual emissions shall
Emitted 0.50 tons Easpring strictly implements the air pollution prevention and control measures specified in the environmental impact assessment (EIA) approval and continuously optimizes Nitrogen
Emissions not exceed 5.11 tons meeting the target the waste gas treatment plan. It adopts scientific and effective treatment methods according to the characteristics of different waste gas types to ensure compliance with emission standards.Total Nickel Annual emissions shall
Emissions not exceed 0.15 Emitted 0.009 tons tons meeting the target Types of Waste Gas Emissions Main Pollutant Treatment Technologies and Methods
Production Waste Gas * Dust particles: Dust particles are efficiently captured and recovered through filter cartridge dust collectors and sintered plate dust collectors to
The Company strictly abides by national environmental monitoring technical achieve resource reuse; a very small amount of uncollected dust is discharged in compliance with standards after monitoring at the exhaust stack.standards and specifications as well as relevant environmental protection * Ammonia: Ammonia generated during the production process is recovered and treated by the ammonia stripping tower to realize the recycling of
management regulations. It integrates water environment governance and ammonia resources and uphold the concept of clean production.compliance control into the entire process of production and operation and has * VOCs: Volatile organic compounds (VOCs) and other waste gas generated from the lithium iron phosphate sintering process are incinerated at high
installed supporting automatic water quality monitoring systems at its three temperature in a Regenerative Thermal Oxidizer (RTO). The rear section is equipped with baghouse dust collection and activated carbon adsorption devices to ensure comprehensive waste gas purification and stable compliant emissions.major bases — Easpring Jiangsu Easpring Changzhou and Easpring SDIG
Panzhihua — which enable real-time monitoring accurate tracking and dynamic Experimental Waste Gas * Particulate matter: Dust and other particulate matter generated during experiments are collected uniformly and treated by a comprehensive waste
analysis of wastewater pollutant discharge data. At present the monitoring gas treatment system to ensure emissions comply with national standards.facilities at all bases have passed the acceptance inspection by the * Acid gases and VOCs: Acid mist nitrogen oxides ammonia and volatile organic compounds (VOCs) generated from experiments are routed through
environmental protection administrative authorities effectively ensuring the fume hoods to an acid-base neutralization tower and discharged in compliance after multi-stage purification including neutralization and
controllability and traceability of the entire wastewater discharge process and adsorption.fortifying a solid line of defense for water environment compliance. Domestic Waste Gas * Canteen cooking fume is treated by a high-efficiency cooking fume purifier to ensure pollutant concentrations comply with the Catering Industry Oil
To prevent water environment risks the Company has established and Fume Emission Standard before discharge.continuously improved the emergency disposal system and emergency response
plan for non-compliant wastewater and built a full-chain control mechanism:
"Abnormal Warning – Rapid Response – Centralized Disposal – Compliance The Company continues to optimize waste gas treatment processes and keep emissions of major waste gas pollutants stable and controllable. In 2025 the Company set and
Assurance". Once monitoring detects abnormal wastewater pollutant indicators
the graded early warning mechanism is triggered immediately. The emergency achieved the following waste gas emission targets:
response process is activated at once and non-compliant wastewater is quickly
diverted to accidental wastewater collection tanks for classified centralized
treatment and advanced purification. The Company makes every effort to ensure Types of Major Pollutants Annual Constraint Targets Target Achievement
the stable and efficient operation of the wastewater treatment system resolutely
guarantees that all treated wastewater is discharged in compliance with
standards and earnestly fulfills the enterprise's primary responsibility for water Nitrogen Oxides Annual emissions shall not exceed 10.00 tons Emitted 4.70 tons meeting the target
environment governance.At the same time the Company entrusts qualified professional third-party
institutions to conduct comprehensive pollutant discharge monitoring covering Sulfur Dioxide Annual emissions shall not exceed 3.00 tons Emitted 2.90 tons meeting the target
major water pollutants at wastewater discharge outlets water pollutants at
rainwater discharge outlets and surface water and groundwater around the
factory areas. During the Reporting Period the Company entrusted a third party Particulate Matter Annual emissions shall not exceed 21.79 tons Emitted 18.64 tons meeting the target
to conduct a total of 60 independent monitoring instances and the results of
both online water pollution monitoring and independent monitoring were 100%
compliant. VOCs Annual emissions shall not exceed 5.00 tons Emitted 2.98 tons meeting the target
103 104About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
In accordance with relevant national regulations the Company has standardized
the construction of waste gas discharge outlets and set up waste gas sampling Types of Waste Main Pollutant Treatment Technologies and Methods
points. It entrusts qualified third-party professional institutions to carry out
routine monitoring at waste gas discharge outlets and relevant environmental General Industrial Solid * Classified collection facilities and a general solid waste storage warehouse have been standardized in production and office areas to
monitoring points. During the Reporting Period the Company conducted 43 Waste achieve source segregation and centralized temporary storage. All types of general industrial solid waste are entrusted to qualified
rounds of independent monitoring of waste gas pollutants and all monitoring downstream suppliers for resource-based comprehensive utilization or professional disposal.results were 100% compliant. * Domestic waste in the factory area is classified and deposited. After centralized collection it is uniformly collected and transported by the
local sanitation department and incorporated into the municipal domestic waste treatment system;
Waste Management Hazardous Waste * Hazardous waste is strictly classified and collected in accordance with the National Hazardous Waste List and stored in standardized hazardous waste temporary storage rooms with measures such as seepage prevention theft prevention and leakage prevention
implemented.The waste generated by the Company is mainly divided into general industrial * The Company has signed agreements with disposal units holding corresponding hazardous waste operation permits and regularly
solid waste and hazardous waste. Among them general industrial solid waste entrusts them to carry out compliant transfer and safe disposal to ensure full-process traceability and controllable environmental risks.includes office waste general packaging materials domestic waste etc.;
hazardous waste includes waste engine oil waste oil drums nickel-containing
waste packaging materials and waste filter cartridges. In accordance with the Noise Treatment
Pollution Control Standard for Storage and Landfill of General Industrial Solid
Waste and the Pollution Control Standard for Hazardous Waste Storage the The noise generated by the Company during production and operation mainly comes from mechanical noise caused by mechanical impact friction and rotation and
Company has standardized the construction of temporary storage facilities for aerodynamic noise caused by aerodynamic force.general industrial solid waste and hazardous waste at Easpring Changzhou
Easpring Jiangsu and Easpring SDIG Panzhihua to ensure the safe temporary In order to effectively control noise pollution the Company prioritizes the use of low-noise equipment to reduce noise at the source and reduces the impact of noise through
storage of all waste. It assigns dedicated personnel to oversee the collection multiple comprehensive measures including improving production processes implementing equipment vibration damping retrofitting installing sound absorption and
storage and compliant transfer and disposal of waste and conducts annual insulation devices enhancing the sound insulation performance of buildings and optimizing production management. At the same time the Company regularly conducts
qualification reviews of waste disposal suppliers to ensure that the generated independent noise monitoring to ensure compliance of factory boundary noise emissions. During the Reporting Period the Company conducted 11 rounds of independent
waste poses no significant actual or potential environmental impacts. During the noise monitoring and the daytime and nighttime factory boundary noise monitoring results were 100% compliant.Reporting Period the Company disposed of 2188.33 tons of general solid waste
and disposed of 118.50 tons of hazardous waste.Based on the waste management goal of "reduction resource utilization and
harmlessness" the Company has formulated and implemented the Regulations
on the Management of Solid Waste Reduction and Resource Utilization to clarify
the working standards and procedures for waste reduction and resource-based
disposal. During the Reporting Period Easpring SDIG conducted identification on
sludge from production wastewater treatment and reclassified it from hazardous
waste to general industrial solid waste thus reducing the generation of
hazardous waste by 133 tons per year.By reclassifying production wastewater sludge as
general industrial solid waste Easpring SDIG educed
annual hazardous waste133tons
105 106About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
05
Value Chain Management
Responses to SDGs in this Chapter
Easpring fully advances supply chain resilience development and industrial chain value co-creation.By building a stable and reliable supply chain system Easpring fosters a supply ecosystem with
shared responsibilities lead collaborative technological innovation across the industry and are
committed to providing professional solutions to global clients. Easpring promotes symbiosis and
common prosperity of the entire industry chain through high-quality development.Responses to Issues in this Chapter Key Performance in this Chapter
* Supply Chain Security * Client Service and Communication * Supplier training coverage 100% * Major negative events occurred in the
* Responsible Sourcing * Marketing Compliance * Supplier annual audit completion rate 100% supply chain is 0
* Treatment of Small and Medium- * The signing rate of the Supplier Code of * The prompt handling rate of client product
sized Enterprises (SMEs) Conduct for main material suppliers is 100% service complaints is 100%About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Supply Chain Resource Layout
Management * Through integrated cooperation equity investment and other forms the Company jointly invests in upstream phosphorus nickel and lithium resource development and
utilization projects to enhance resource security capacity
from the source.In the complex and ever-changing global environment Easpring places high
priority on the quality resilience and sustainability of the supply chain and is * The Company establishes joint ventures with resource-
committed to building an efficient agile robust and sustainable supply chain as advantaged enterprises to secure the supply of key
the core engine to support high-quality business development enhance client upstream resources and materials required for production.experience and deliver long-term competitive advantage.Diversified Supply
Raw Material Supply Security * The Company has established a diversified supply strategy "Together for a Brighter Future" New Energy Lithium Battery Industry Development Summit
formulated the "1+2+N" supplier strategy and built a cost
forecasting model for bulk raw materials including cobalt
The raw materials required for the Company's production include key resources Easpring has built a cross-functional supply chain collaboration mechanism. lithium nickel manganese and iron phosphate to ensure
such as nickel cobalt lithium and phosphorus. With changes in the economic During the material research and development stage procurement personnel at least two qualified suppliers for key raw materials and
and policy environments of major global markets raw material market supply become involved at an early stage and R&D process and other departments avoid reliance on a single source.has shown significant fluctuations. Easpring takes multi-dimensional measures collaborate to carry out design optimization to effectively identify and manage
including resource positioning strategic procurement diversified supply and potential supply chain risks from the source and consolidate supply chain
localized procurement to strengthen supply chain resilience ensure the safe stability. In terms of digital development the Company launched the Supplier
stable supply and controllable cost of raw materials and Easpring strives to Relationship Management (SRM) system to achieve real-time monitoring and
enhance the stability and competitiveness of the supply chain. Strategic Procurement dynamic early warning of key indicators such as supplier risks logistics delays
* The Company forms long-term strategic partnerships with inventory levels and price fluctuations and strike a balance between lean
industry-leading enterprises to achieve demand synergy and management and safety stocks. In terms of emergency supply the Company
risk sharing and enhance the stability and resilience of raw formulated the Emergency Preparedness Plan of the Raw Materials Procurement
material supply. Department which clarifies the emergency response processes response levels
and time requirements for supply disruptions and shortages of key raw materials
to ensure that effective measures can be taken quickly in emergencies. During
the Reporting Period the Company's supply chain operated smoothly without
any supply disruptions.Localized Supply
* The Company continues to promote localized supply
chain procurement fully implements a localized
procurement model for production auxiliary materials and
invites high-quality suppliers from other regions to set up
plants nearby effectively shortening material
transportation distance and delivery lead time and
enhancing supply chain stability and responsiveness.During the Reporting Period Easpring and Huayou Cob alt Co. Ltd. held the
"Together for a Brighter Future" New Energy Lithium Battery Industry
Development Summit in Changzhou Jiangsu and signed a strategic The Company's Procurement Director Conducts Supply Chain Management Training for all
development cooperation agreement. Employees
109 110About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Supplier Life Cycle Quality
Management
* In the potential supplier identification stage suppliers are initially screened and evaluated to ensure they have
production and quality assurance capabilities. Adequate communication is also conducted to clarify quality
Easpring has formulated and implemented the Supplier Management Control requirements and standards ensuring suppliers can meet the Company's quality requirements.Procedures Raw Material Supplier Selection Management Regulations * In the development and introduction phase key suppliers are required to provide the Quality Agreement RoHS
Production Auxiliary Material Procurement Management Regulations Supplier reports and ISO 9001 certificates. During the Reporting Period the Company achieved a 100% quality agreement
Audit Management Regulations Supplier Evaluation Management Regulations Supplier Development and signing rate for newly introduced suppliers. All qualified suppliers annually submit third-party test reports such as
and other related systems clarified the processes and requirements of supplier Admission RoHS and halogen test reports.classification and hierarchical management development admission
evaluation and elimination and implemented standardized supplier full life cycle
management to ensure that suppliers with relevant qualifications and strengths
can continuously provide stable and high-quality supplies.Easpring makes full use of digital technology to build a full-chain product
traceability system covering the supplier end production end and end client. By
integrating data across systems including production execution (MES)
warehousing (WMS) and logistics (TMS) the Company realizes the unique
identification and tracking of all materials all processes and all batches enables * Easpring conducts regular supplier audits. Through various audit forms including system audits process audits
real-time recording and accurate traceability for every stage from raw material product audits and annual audits it fully identifies risks in product quality aspects such as quality management
procurement to finished product delivery and strengthens end-to-end and non-conforming product control at suppliers issues supplier corrective action lists urges suppliers to
governance over product quality and ESG risks. implement corrections and follows up to verify the effectiveness. During the Reporting Period the Company
Easpring attaches great importance to the capacity building of suppliers achieved a 100% completion rate of annual supplier audits.provides technical empowerment and growth support for key suppliers and * Based on supplier audit results suppliers are classified into four grades from high to low: A(Excellent) B(Qualified)
actively carries out training on continuous improvement new raw material Supplier Audit C(Generally Qualified) and D(Procurement Suspension Recommended) with clear management principles for
development performance improvement traceability and compliance to help and Evaluation suppliers of each grade. For suppliers failing the audit quality engineers provide on-site or online guidance to
suppliers simultaneously improve their quality management capabilities and improve their quality and delivery capabilities.sustainability performance. During the Reporting Period the Company
conducted 22 training sessions for suppliers and the supplier training coverage
rate reached 100%.* Easpring has established a clear supplier phase-out and exit mechanism. Suppliers that are unqualified and lack a
proactive attitude toward improvement will be phased out and those with serious issues will be included in the
Company's supplier blacklist.Supplier
Phase-out and Exit
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Supply Chain ESG Risk
Management
In the procurement process the Company strictly screens partners that meet
environmental and social responsibility standards and requires suppliers to sign Social Responsibility Audit Standards for Suppliers
a code of conduct. Through ongoing ESG cooperation and development with
suppliers the Company continuously improves the sustainable development
performance of the overall supply chain.Social responsibility
In the development and onboarding stage Easpring gives priority to suppliers management system Employment compliance Benefits and rights Risk management
with ISO 45001 and ISO 14001 certifications and incorporates clauses including
Environment Health and Safety (EHS) energy conservation and emission
reduction and integrity into supplier contracts such as the Occupational Health * SA 8000 * Labour contracts * Minimum wage standard * Corporate risk management
and Environment Assurance Agreement and Sunshine Cooperation Agreement. * RBA * Protection of young people * Paid leave system
During the Reporting Period newly onboarded suppliers achieved a 100%
signing rate for both the Occupational Health and Environment Assurance * ISO 26001
at work * Employee communication * Risk identification and
Agreement and the Sunshine Cooperation Agreement. * Anti-forced labour * Satisfaction survey
assessment in supply chains
* Equality and anti- * Risk response strategy
Easpring follows guidelines including the Ten Principles of the United Nations discrimination
Global Compact the Convention on the Rights of the Child the Minimum Age
Convention International Labour Standards the United Nations Convention
against Corruption and the ILO Guidelines on Occupational Safety and Health. It
fully integrates core requirements such as human rights protection labor rights
anti-corruption and occupational health and safety into supply chain Safety and Environmental Audit Standards for Suppliers
management and promotes responsible business practices across the entire
supply chain. During the Reporting Period the Company revised the Supplier
Code of Conduct further strengthening requirements for suppliers regarding
underage worker protection working hours emergency management energy
consumption greenhouse gas emissions and privacy protection. Safety and environmental
management system Environmental compliance
Energy conservation and Production safety and
emission reduction occupational health
Easpring incorporates supplier ESG risk due diligence into its full supplier life
cycle management. It integrates ESG requirements such as social responsibility
management systems safety and environmental protection into supplier * ISO 14001 * Environmental impact * Energy conservation and * Emergency plans and drills
admission audits quarterly evaluations and annual on-site audits. The Company * ISO 45001 assessment and approval emission reduction * Hazardous chemicals
conducts on-site audits for key suppliers to fully identify supply chain ESG risks * EHS risk identification and Environmental program management
and urges suppliers to improve their ESG performance. During the Reporting management * violations/complaints * Energy conservation and * Safety protection device
Period the Company carried out 20 supplier ESG audits and found no significant * Effective treatment of waste emission reduction
negative ESG impacts from any suppliers. Among qualified suppliers the * Occupational health checkachievements
certification rate of the ISO 9001 quality management system was 100% the ISO gas waste water and solid
14001 environmental management system 90% and the ISO 45001 occupational wastes
health and safety management system 79%.
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Responsible Mineral Due Diligence
1 Establish strong company management systems
Easpring is in the midstream of the responsible minerals supply chain does not
directly source minerals and strictly requires suppliers not to use conflict
minerals. * Easpring has established a supply chain management committee and formulated the Management Measures for the Supply Chain Management
Committee. During the Reporting Period the supply chain management committee conducted a management review of responsible mineral supply chain
Easpring follows relevant policies including the Guidelines for Responsible due diligence management reviewed the results of supplier audits and the effectiveness of improvement measures for client audits and ensured the
Mineral Supply Chain Due Diligence in China issued by the China Chamber of continuous suitability adequacy and effectiveness of the due diligence management system.Commerce for Import and Export of Minerals Metals and Chemicals (CCCMC)
and the Guidelines for Responsible Supply Chain Due Diligence of Ore from
Conflict-Affected and High-Risk Areas issued by the Organization for Economic Director of the Management Committee
Co-operation and Development (OECD). For key raw materials such as cobalt （ General Manager ）
nickel manganese lithium iron and phosphorus the Company conducts
responsible supply chain due diligence in accordance with the Six-Step Due
Diligence Framework identifies and assesses minerals used in the supply chain
that may originate from high-risk areas promotes upstream smelters and
refineries to obtain internationally recognized responsible mineral certifications Representative of the Management System
such as RMI's Responsible Minerals Assurance Process (RMAP) disseminates （the Procurement Head）
supply chain traceability reports to relevant stakeholders and promotes the
construction of a transparent compliant and sustainable global mineral supply
chain.As a member of the Green Minerals Council (RCI) Easpring actively participates in Deputy Director of the Deputy Director of the Deputy Director of the Deputy Director of the Deputy Director of the
building a communication and collaboration platform to promote information Management Committee Management Committee Management Committee Management Committee Management Committeesharing and experience exchange among upstream and downstream enterprises （To be held by the Procurement （To be held by the Human （To be held by the Finance （To be held by the Marketing （To be held by the Productionin the critical mineral supply chain and jointly mitigate ESG risks in the supply Head） Resources Head） Head） Head） Head）
chain through a systematic approach. During the Reporting Period the Company
continued to strengthen internal capacity building conducted multiple * Easpring has formulated management policies such as the Human Rights Policy Business Ethics Policy and Supplier Code of Conduct to clarify the
specialized training sessions for its employees consolidated the technical responsible behavior of suppliers in labor and human rights health and safety environmental protection and ethics and screen out high-risk suppliers.foundation and enhanced compliance awareness for responsible mineral * Easpring has formulated the Regulations on Responsible Supply Chain Management and the Policy on Responsible Supply Chain Due Diligence and
management covering topics including responsible mineral supply chain clarifies the risk identification and assessment process for the responsible supply chain as well as the formulation and implementation process of risk
management and completion of CMRT/EMRT report templates. response measures including supply chain risk mitigation and remediation measures.* Easpring has formulated the Measures for the Management of Complaints in the Responsible Supply Chain clarified complaint channels and handling
procedures and timely identified and addressed various potential risks and hidden dangers in the responsible supply chain.* During the Reporting Period Easpring has incorporated the risks outlined in the EU's Battery and Waste Battery Regulations into responsible mineral due
diligence management has updated and issued the Policy on Responsible Supply Chain Due Diligence and the Regulations on Responsible Supply Chain
Management and has added risk management content related to the environment biodiversity culture and cultural heritage. It retains records and
reports associated with due diligence management for a minimum of 10 years thereby further elevating the standards for responsible mineral
management; 100% of the Company's key material suppliers have signed the Supplier Standards for Responsible Procurement Statement on Non-Use of
Conflict Minerals and Supplier Code of Conduct.Responsible Supply Chain Due Diligence Management
115 116About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
2 Identify and assess risks in the supply chain
* Easpring collects supplier information through responsible supply chain maps CMRT/EMRT reports and other means to track the path of minerals from mines
to smelters and provide a factual basis for responsible mineral management. During the Reporting Period the Company completed 100% data collection from
qualified suppliers of precursors tetracobalt lithium salts sulfates and iron phosphate.* According to the Heidelberg "Global Conflict Barometer" and the EU Conflict Minerals Regulation List the Company has established a list of all countries and
regions covered by CAHRA. It identifies potential supply chain risks through various channels and assesses the risks of each supplier. During the Reporting
Period the Company's supply chain did not trigger any risk warning signals.
3 Design and implement a strategy to respond to identified risks
* Easpring reports the results of supply chain risk assessments to its senior management monitors and tracks the performance of risk mitigation measures and
provides timely updates.* Based on the Company's risk mitigation strategy Easpring discusses risk mitigation measures with suppliers and relevant stakeholders and guides and assists
suppliers in establishing and implementing their own supply chain due diligence management systems. As of the end of the reporting period suppliers with
low-risk situations in the supply chain have been actively taking relevant measures to ensure the continuous mitigation of risks and no suppliers have been
Company -level Responsible Supply Chain Due Diligence Management suspended from transactions due to risk-related reasons.
4
At the same time Easpring has upgraded from self-compliance to ecological co- Carry out independent third-party audit of smelter/refiner's due diligence practices
construction. Leveraging Easpring's industry influence the Company has * Easpring has incorporated responsible mineral supply chain due diligence audits into supplier on-site audits. During the Reporting Period the Company
continued to drive the compliance upgrade of suppliers and has launched a conducted 20 due diligence audits on suppliers covering all key material suppliers and no major issues involving child labor inhuman treatment forced labor
supplier empowerment program for supply chain enterprises. It has provided armed conflict or ecological damage were identified.guidance to suppliers to enhance their ability to conduct due diligence on
upstream parties demonstrating the sustainable development practices of * Easpring accepted third-party audits to continuously improve its responsible mineral supply chain due diligence management. During the Reporting Period the
Chinese mineral supply chain enterprises. During the Reporting Period the Company underwent four independent third-party assessments and audits. The audits showed that the Company met the required standards on core indicators
Company conducted 29 special training sessions on responsible mineral including mineral traceability environmental protection and human rights and all transactions with clients were carried out as normal.management for 40 key suppliers covering the EU Battery Regulation and supply
chain risk assessment.
5 Report annually on supply chain due diligence
* Easpring prepares and publishes the Responsible Mineral Due Diligence Report and Sustainability Report to disclose its progress and achievements in
During the Reporting Period responsible supply chain management to stakeholders to enhance supply chain transparency.Eas pring con ducted 29 special training 6 Provide for or cooperate in remediation when appropriate
sessions on responsible mineral management
40 * When Easpring identifies that it has caused or contributed to actual adverse impacts it will provide enabling conditions or cooperate on remediation to address for key supplier such impacts and engage with or support existing remedial mechanisms as appropriate.
* During the Reporting Period Easpring revised the Measures for the Management of Responsible Supply Chain Complaints and established compensation
mechanisms and measures for complaints including but not limited to immediate relief long-term remediation and systematic improvement. As of the end of
the reporting period no responsible supply chain complaints occurred at the Company.
117 118About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Client Service
Adhering to the "client-centered" service philosophy Easpring continuously
improves its client service system optimizes the complaint response mechanism
sincerely listens to client feedback on its products and services through multiple
channels and is committed to providing standardized service processes and
efficient solutions for global clients.Pre-sales services In-sales services Post-sales services
Client Relationship Management In response to client needs we To meet client needs we We respond to and handle
provide development strategies offer a range of services such quality issues or discrepancies
and plans early quotations
Easpring adopts a direct sales model and its products are mainly used in power as logistics development in products or services
energy storage and consumer battery sectors of the new energy industry. Its sample delivery data archiving order delivery returns and purchased by our clients and
clients are mainly well-known battery manufacturers and automakers at home technical support supplier exchanges. provide our clients with
and abroad. The Company implements the marketing strategy of "R&D and certification and other aspects of comprehensive technical
marketing linkage technology first high-end markets differentiated support. support.competition" formulates client relationship management policies such as the
Client Management Regulations establishes a full-process client service
response mechanism comprehensively optimizes resource allocation
continuously improves the client service experience and builds long-term stable Client Management
and sound development relationships with clients.Easpring has established a unified marketing center set up a professional
product sales team and appointed dedicated key account managers. It regularly
understands client needs and feedback via phone calls emails and regular return
visits coordinates and resolves issues during client cooperation and
continuously improves client satisfaction. During the Reporting Period by virtue
of its excellent product quality long-term and stable technological innovation
capabilities as well as deep collaboration and high mutual trust with clients the
Company has won wide recognition from clients and received numerous honors
including the "Technological Innovation Award" and "Diamond Supplier".At the same time Easpring actively promoted the digital and intelligent
transformation of client management officially launched the Client Relationship
Management (CRM) system and improved management efficiency through the
standardization of workflows and the integration of information and data. Within
the CRM system the Company allocates permissions based on sales staff levels
encrypts and stores client information and restricts access rights to ensure data
security and consistency. During the Reporting Period the Company conducted
specialized training on the CRM system for all sales staff covering operational
specifications and information security requirements to ensure the system is
used efficiently and in compliance with regulations. Awarded the "Technological Innovation Award" by Clients Re-awarded the Client's Highest-Level Award "Diamond Supplier"
119 120About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Client Complaints and Responsible Marketing
Satisfaction Survey
Easpring always adheres to the concept of integrity-based operation and strictly
abides by the Advertising Law of the People's Republic of China and other
Easpring attaches great importance to long-term communication with clients relevant laws and regulations. The Company has formulated internal systems
has established a multi-channel complaint feedback mechanism and has including the Brand Management Measures News Spokesperson Management
publicized channels such as telephone email and fax on its official website to Measures News Publicity Management Measures and News Publicity Platform
quickly understand clients' questions and opinions regarding product quality Management Measures to standardize responsible and compliant marketing
technical and marketing services product delivery and other aspects during and publicity ensure the completeness and accuracy of information disclosure
product use. The Company has formulated internal systems such as the Client during the marketing process integrate compliance awareness throughout the
Complaint Control Procedure established a standardized client complaint entire marketing process and is committed to providing clients with reliable and
handling process and clarified the division of responsibilities for complaint satisfactory products.handling client complaint handling levels response escalation mechanisms Company Publicity Training
and client complaint closure mechanisms. During the Reporting Period the
Company recorded zero product recall incidents and the timely handling rate of
client product and service complaints reached 100%.System During the Reporting Period Easpring Jiangsu formulated the Management Regulations on Brand Management and Culture
Easpring has formulated the Client Satisfaction Control Procedure which Improvement Construction which refined the approval and operation requirements for media accounts at the subsidiary execution level.clarifies the responsibilities of the marketing sales and quality departments
regularly analyzes and identifies the key factors driving client satisfaction and
communicates and reaches consensus with clients in key links such as plan
formulation implementation and resolution to ensure problems are closed loop Easpring strictly implements the "three-level review and three-proofreading" mechanism for news publicity and assigns dedicated
at the client level. The Company conducts an annual client satisfaction survey Review Mechanism personnel to conduct content review at each step to ensure that all publicity content complies with national laws and regulations as
covering product quality service quality brand reputation and other aspects. Implementation well as the Company's compliance requirements. During the Reporting Period the review rate of materials including the Company's
Through the analysis of internal and external performance indicators an annual internal journal WeChat Official Accounts Video Accounts intranet and posters reached 100%.client satisfaction survey report is produced. The Company holds regular client
satisfaction review meetings to confirm improvement measures and formulate
task lists. Relevant management requirements are used as input for quality Easpring has established an online approval process for news releases realizing the procedural standardized and information-based
control to continuously improve products and services and avoid the recurrence Information management of news approval which effectively improves approval efficiency and transparency. During the Reporting Period the
of similar problems. During the Reporting Period the Company set and attained Management Company further optimized the online approval process for news releases to continuously enhance approval efficiency and
the target of client satisfaction ≥ 93%. transparency.The timely handling rate of client product and Compliance Easpring carried out promotional activities on marketing systems to continuously enhance employees' awareness and capability of
100 Marketing compliant publicity. During the Reporting Period the Company achieved a 100% coverage rate of internal system promotion and service complaints reached % Promotion training.
The client satisfaction ≥93% Responsible Marketing Practices
Major negative events occurred in the supply
chain is 0
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Industry Development During the reporting period Easpring's long-term strategic layout prominent During the Reporting Period Easpring's expert representatives were invited to technological advantages and stable market-leading position in the field of attend forums hosted by the China Nonferrous Metals Industry Association and
advanced key materials for lithium batteries were highly recognized by the CIBF the China Industrial Association of Chemical and Physical Power Sources as well
2025 organizing committee and it received the "Most Influential Exhibitor" award
Easpring gives full play to its resource advantages and professional capabilities as the 2025 Tokyo Battery Exhibition in Japan. They delivered special technical
actively conducts in-depth technical exchanges and cooperation with domestic at CIBF 2025. speeches sharing the Company's innovative solutions and practical experience
and foreign counterparts and partners and strives to build a healthy and win-win and discussing the research progress and future opportunities of high-energy-
cooperation ecosystem to jointly promote the prosperous development of the density lithium battery cathode materials to lead and promote the continuous
industry. innovation and progress of global lithium battery cathode material technology.Industry Communication Equal Treatment of SMEs
By participating in industry forums industrial chain symposiums and industrial Easpring complies with laws and regulations such as the Law of the People's
chain cooperation activities Easpring effectively collaborates with upstream and Republic of China on the Promotion of Small and Medium-sized Enterprises the
downstream partners promotes resource sharing and business collaboration Regulations on Ensuring Payment to Small and Medium-sized Enterprises and
jointly advances the high-quality development of the industrial chain and fosters the Interim Regulations on Enterprise Information Publicity and is committed to
a prosperous industry ecosystem. The Company has participated in the maintaining fairness and justice in the supply chain and ensuring the equal
International Battery Technology Exchange & Exhibition (CIBF) for consecutive status of small and medium-sized enterprises in cooperation.years showcasing its cutting-edge technologies and practical achievements in
the field of lithium battery cathode materials to global clients and discussing
CIBF 2025 "Most Influential Exhibitor" Award During the Reporting Period Easpring officially issued the ESG Policy which
advanced battery technologies market trends and future prospects with further clarifies that all partners are treated equally throughout the full life cycle
numerous international enterprises experts and scholars in the lithium battery
At the same time Easpring actively contributes its wisdom and efforts to the of supplier admission cooperation and contract performance and eliminates industry.development of the industry and undertakes important roles in the following discriminatory treatment based on enterprise size. The Company promises to
industry associations. strictly fulfill its contractual obligations pay for goods on time and in full and
fully protect the legitimate rights and interests of small and medium-sized
enterprises.China Nonferrous Metals China Industrial Association As of the end of the reporting period Easpring had no overdue payments to
Industry Association of Power Sources small and medium-sized enterprises and there were no overdue arrears
Nickel Cobalt Branch
Executive Director information required to be publicized through the National Enterprise Credit Rotating President Information Publicity System.China Automotive Battery
Innovation Alliance Panzhihua Environmental Industrie s Association
Expert Member of the
Technical Expert Committee Executive Vice President Unit
The 17th Shenzhen International Battery Technology Exchange & Exhibition
123 124About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
06
Employee and Community Care
本章回应SDGsEaspring upholds the philosophy of “To choose talents with virtue and potential" and is committedto building a globalized human resource system that empowers strivers to achieve their career
aspirations. The Company translates employee rights protection and humanistic care into concrete
actions fostering a warm and harmonious workplace. Actively engaging in diverse philanthropic
initiatives Easpring fulfills its social responsibilities through tangible efforts driving comprehensive
social progress and sustainable development while collaborating to create an inclusive and
prosperous future for all.Responses to Issues in this Chapter Key Pe rformance in thi s Ch apter
* Employment Compliance * Diversity Equality and Inclusion * 0 in cidents of ch ild la bor fo rced la bor di scrimination * 0 ne w oc cupational illn ess cas es
* Employee Development and Training * Occupational Health and Safety harassment an d oth er rel ated vio lations * 100% co mpletion ra te of re ctification fo r wo rk
* Employee Rights and Well-being * Social Contribution and Rural Revitalization * The pr oportion of et hnic m inority em ployees in to tal
safety ha zards
employment: 9.5 4% * 212 e mployee p articipations i n v olunteer
* Average em ployee sat isfaction sco re: 94 po ints activities
* 0 wo rk-related fat alities am ong em ployees * Total vo lunteer ser vice ho urs: 52 0 ho ursAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Employee Management
In accordance with its development strategy and annual business plan Easpring
formulates an annual human resources plan which is jointly implemented by the
human resources departments of the headquarters and subsidiaries to recruit
Easpring regards talents as the primary resource for high-quality development actively attracts and cultivates outstanding talents strives to build a talent and reserve outstanding backup talents for business development. The
echelon with a clear hierarchy and complementary capabilities protects employees' rights and interests in multiple dimensions and continuously enhances Company adheres to the recruitment principles of Openness & Transparency Merit-based Selection Internal Priority Before External and seeks talents with
organizational resilience. Focusing on its talent development strategy the Company prioritizes the cultivation of three core teams: a management talent strong moral integrity and excellent professional skills through various channels
team with an international vision a technical talent team with an internationally leading level and skilled industrial workers with professional expertise so including campus recruitment online recruitment talent market recruitment
that talent effectiveness drives business growth. and internal referral so as to achieve efficient high-quality talent selection and precise person-job matching. During the Reporting Period the Company newly
recruited 315 employees with 80 employee participations in internal recruitment
which effectively stimulated organizational vitality and provided employees with
Compliance Employment diversified career development channels and growth opportunities.Easpring strictly standardizes its recruitment practices. Any discriminatory
content involving ethnicity race gender religious belief or cultural background
is strictly prohibited in recruitment information. During the recruitment and
Easpring complies with relevant laws and regulations such as the Labor Law of the People's Republic of China the Labor Contract Law of the People's Republic of China the employment process all candidates are treated equally with professional
Law of the People's Republic of China on the Protection of Minors the Law of the People's Republic of China on the Protection of Women's Rights and Interests and the competence comprehensive quality and job matching as the employment
Provisions on Prohibiting the Use of Child Labor as well as the laws and regulations applicable to its overseas operations. It has formulated and implemented management criteria. Meanwhile to prevent conflicts of interest all prospective employees are
systems including the Employee Recruitment Management Regulations and the Employee Onboarding Departure and In-Service Management Regulations to standardize required to truthfully declare to the Company any relatives or acquaintances in the Company and their respective relationships before onboarding. In its
the full life cycle processes of employee recruitment employment onboarding in-service management and resignation. Employees sign labor contracts in accordance with employment practices the Company actively provides equal employment
the law upon employment and both parties fully perform their respective obligations. When employees submit their resignation intentions the Company identifies the opportunities for people with disabilities and recruits and employs minority
reasons and collects suggestions through exit interviews actively listens to employee feedback and continuously optimizes its management mechanisms and working employees striving to build a friendly and inclusive workplace. During the
environment accordingly. The Company settles salaries and benefits in a timely manner and handles file and social security transfer procedures to protect employees' Reporting Period the Company had minority employees accounted for 9.54%.。
legitimate rights and interests. As of the end of the reporting period the Company had a total of 1750 employees and its overall staff turnover was within a reasonable range
for the industry with no work stoppages caused by employee shortages.By Gender By Age By Job Level By Education Background Ethnic Minority Proportion of
Employees
1271069.54%
432329
841
652729
971
1318163665190.46%
Junior Staff Middle Management Master's Degree Bachelor's Degree
Male Female ≤30 30-50 ≥50 Han Ethnicity Ethnic Minorities
Senior Management Doctoral Degree College degree and below
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Easpring actively promotes the digital transformation of human resources and Easpring respects the diversity and differences of human rights concepts in
has fully launched the EHR (Electronic Human Resources) management system Labor Rights different cultures and avoids causing significant adverse impacts of the
covering modules including organizational management employee onboarding Company's business activities on human rights. The Company conducted human rights due diligence on suppliers' human rights risks covering various aspects
transfer adjustment and resignation compensation and benefits as well as Easpring follows internationally recognized human rights and labor standards such as child labor and juvenile workers forced labor anti-discrimination
attendance and leave. This has significantly enhanced the systematization including the Universal Declaration of Human Rights the United Nations Guiding freedom of association and collective bargaining and occupational health and
professionalization and service levels of employee employment management. Principles on Business and Human Rights and the ILO Declaration on safety and covering all major material suppliers. During the Reporting Period
During the Reporting Period the Company won the 4th Zhonghe Yunke Top 30 Fundamental Principles and Rights at Work. With reference to the requirements Easpring Finland passed the human rights due diligence conducted by an of the United Nations Global Compact the Company has formulated the ESG
Professional Employers Award. internationally renowned third party and the Company's practices in labor rights Policy Human Rights Policy and Supplier Code of Conduct which specify the and interests and compliance management were recognized by the lending
prohibition of child labor and forced labor anti-discrimination freedom of syndicate.association and collective bargaining working hours and employee health and
safety. These policies apply to all employees (including outsourced employees)
During the Reporting Period and the entire production and operation process. The company also requires
suppliers on-site service providers and other partners to strictly abide by itshuman rights policy so as to continuously improve the protection of labor rights Case: Easpring organized a special training session on “Interpretation ofand interests. Finnish Labor Law from the Perspective of Cross-border Compliance (I)”
4th Zhonghe Yunke Top 30 Professional Employers Award In accordance with the management requirements of local jurisdictions all subsidiaries of Easpring conduct collective consultations with labor unions in During the Reporting Period Easpring carried out a special training session
accordance with laws and regulations and have completed the signing and filing on Finnish labor law focusing on the key points of local labor laws and
of a number of collective contracts covering core areas including comprehensive
labor rights and interests wage distribution special protection for female regulations in Finland covering four locations: Beijing Headquarters
employees and labor safety and health so as to effectively protect the legitimate Changzhou Kotka and Helsinki to effectively enhance the cross-border
rights and interests of employees. In the event of operational changes the compliance awareness and practical capabilities of the Finnish project team
Company will fulfill its obligation to inform relevant employees at least 60 days in and human resources team.advance to safeguard their right to know. During the Reporting Period none of
the Company's operating sites were exposed to risks relating to freedom of
association and collective bargaining and no strike incidents occurred.With reference to the SA8000 Social Responsibility Standard and IFC
Environmental and Social Sustainability Performance Standards Easpring has
established a labor management system formulated the Labor Management
Manua set labor management objectives and reviews the Company's policies
procedures and implementation results on an annual basis. The Company has
formulated and implemented procedural documents including the Ethical
Responsibility Management Regulation Non-Discrimination Management
Regulation and Freedom of Association Management Regulation which prohibit
forced labor establish an effective overtime control mechanism and eliminate
any discrimination based on race ethnicity origin social class ancestry religion
physical disability gender sexual orientation marital status trade union
membership age or other grounds. It respects and safeguards the rights and
freedoms of employees to participate in or refrain from participating in any
lawful organizations or associations. The Company prohibits the use of child
labor and effectively protects the legitimate rights and interests of juvenile
workers. It has established the Child Labor and Juvenile Worker Protection and
Management Regulation which clarify the identification methods and
procedures for child labor and juvenile workers and formulate remedial and
preventive measures in response to inadvertent recruitment of child labor or
juvenile workers being assigned to inappropriate positions. Meanwhile suppliers
4th Zhonghe Yunke Top 30 Professional Employers Award and service providers are required not to use child labor. During the Reporting Training Site
Period the Company had no incidents involving child labor forced labor
discrimination or harassment.
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Salary and Welfare Employee Care
Easpring is committed to providing employees with compensation that is both Easpring comprehensively enhances the health and well-being of employees
internally fair and externally competitive and continues to innovate and improve and establishes a comprehensive support system covering physical and mental
its compensation and benefits system to attract and retain talents. health work-life balance and humanistic care. In terms of daily care The
During the Reporting Period Company continues to deepen the heart-warming initiative of "sending warmth
Based on its medium-and long-term business planning and human capital in winter coolness in summer and care during festivals" closely focusing on
investment Easpring aligns the adjustment of total compensation with business important traditional festivals and occasions such as the Spring Festival Lantern
growth to maintain a scientific and appropriate proportion. In terms of 38.3 Festival Dragon Boat Festival and Mid-Autumn Festival and carries out themed compensation management The Company adheres to the principles of During the Reporting Period Eas pring inve sted RMB cultural activities on a regular basis to convey holiday warmth; It sends
"performance-oriented benefit-sharing and long-term oriented" formulates 18.9 condolences and care to frontline employees in summer and winter conducts systems such as the Compensation Management Regulations and Marketing million in cash-based benefits and RMB million in non- timely condolences to employees in need and effectively improves frontline
Incentive Policies adopts a market-competitive compensation strategy and working and living conditions; It regularly holds family open days and other
implements a remuneration basis centered on position ability and performance. cash benefits with 52 instances of parental leave taken by activities to build a communication bridge between the Company and
Compensation is determined based on the value contribution of employees' employees' families and creates a team atmosphere of mutual assistance
positions and external market benchmarking. During the Reporting Period The employees. friendship warmth and harmony. In terms of sports and cultural life The
Company further improved its incentive system for overseas talents newly Company actively advocates a healthy lifestyle enriches employees' spare-time
formulated and issued the Administrative Measures for Personnel Going Abroad cultural life and regularly organizes sports events for employees such as
(Overseas) (Trial Edition) which clarified the compensation and benefits salary basketball games badminton games and fun sports meets as well as cultural
payment and leave management for expatriates providing strong support for activities such as cultural performances and talent shows to encourage
overseas business expansion and the construction of an international talent employees to get out of their workstations and strengthen their physique.team..Easpring has established a remuneration system that combines "fixed Inclusive Benefits At the same time Easpring cooperates with professional medical institutions to
remuneration + performance-based variable remuneration" in which provide employees with free services such as health consultation and diagnosis
performance-based variable remuneration is linked to employees' individual supplementary medical insurance group accident insurance and treatment guidance safeguard employees' health innovatively launches the
performance and the Company's operating performance to stimulate critical illness insurance health check-ups birthday benefits "Healthy New 'Food' Fashion" fat-loss meals and guides employees to establish
employees' enthusiasm. The Company has formulated and implemented holiday benefits communication allowances meal allowances a healthy eating concept. In terms of workplace stress management and
systems such as the Regulations on Employee Performance Management and marriage and maternity benefits shuttle buses etc. psychological care The Company attaches great importance to employees'
the Measures for Performance Appraisal of All Employees clarified management mental health regularly holds mental health lectures one-on-one psychological
requirements and processes and established monthly and annual performance counseling sessions and other activities popularizes mental health knowledge
evaluation mechanisms. In terms of performance target setting it focuses on the teaches methods of emotional regulation and stress relief and helps employees
Company's annual objectives key tasks and core job responsibilities supports Special Benefits cope with stress scientifically so as to embrace work and life with a more
the achievement of employees' performance targets and their continuous positive and healthy attitude.improvement provides fair and impartial feedback to employees and promotes special position allowances cross-region dispatch allowances
the joint development of the Company's performance and employees' interests. public rental housing free dormitories (factory) serious illness
During the Reporting Period the Company's performance evaluation mechanism consolation payments survivors' pensions etc.covered all employees and the minimum wage of all employees was higher than Holiday Activities-Torch Festival
the local minimum wage standards.Easpring has established a multi-level welfare security system covering inclusive Easpring has continuously and extensively implemented long-term incentive
benefits and special benefits for special positions and fully strengthened the mechanisms deeply integrating excess profit distribution with incentive
protection of employees' rights and interests. Its welfare policies equally cover mechanisms such as employee stock ownership plans. In recent years it has
regular employees and outsourced employees. Based on the statutory "Five successively implemented multiple phases of equity increase plans for
Insurances and One Fund" the Company has upgraded its benefits to the "Six management and core employees enabling employees to share in the fruits of
Insurances and Two Funds" for employees providing additional supplementary the Company's high-quality development. During the Reporting Period the
medical insurance and enterprise annuity. On the basis of complying with local Company implemented the sixth phase of the equity increase plan for
regulations the Company provides all employees with diversified leave benefits management and core employees with more than 300 participants covering the
including maternity leave paternity leave parental leave only-child care leave Company's directors senior management and core employees. This has fully
sick leave work-related injury leave examination leave home visit leave stimulated employees' motivation and enthusiasm for entrepreneurship and
compensatory leave and paid annual leave supporting employees in achieving performance and provided strong endogenous driving force for the Company's
work-life balance. During the Reporting Period the Company invested RMB 38.3 long-term and healthy development.million in cash-based benefits and RMB 18.9 million in non-cash benefits with 52
instances of parental leave taken by employees.
131 132About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
At the same time Easpring actively safeguards the legitimate
rights and interests of female employees has formulated the
Regulations on the Special Protection of Female Employees to
ensure the safety and health of female employees in the course
Holiday Activities Cultural and Sports Activities of operation and services and signed special collective
agreements on the protection of female employees' rights and
interests to further strengthen the protection of female
employees. It has also engaged psychological and legal experts
to serve in the Carnation Workstation and is committed to
providing a caring and comfortable working environment for
female employees.To help female employees strike a balance between work and life
Easpring provides female employees with benefits including
maternity leave nursing leave and parental leave. It holds
Chinese New Year Celebration Event Family Open Day exclusive activities for female employees on festivals such as
International Women's Day and Mother's Day and arranges for
Condolence Activities Football Matches Basketball Matches them to take benefit physical examinations and occupational
health checkups for special positions including breast and
cervical cancer screenings to enable female employees to stay
informed of their health conditions in a timely manner. During
the Reporting Period the Company has newly established a
maternity room at Easpring SDIG Panzhihua equipped with sofas
nursing stations and other maternal and child facilities. Such
practices translate care and attention to female employees into
concrete actions help female employees work with greater ease
and confidence and support workplace "Her Power".Summer Coolness Delivery Winter Warmth Delivery
Physical and Mental Health Activities
Free Medical Clinics Mental Health Support Team Building Activities
Celebration of "International Women's Day"
133 134About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Communication and Listening
Easpring attaches great importance to employees' voices and suggestions builds diversified communication platforms listens to employees' voices from all aspects and
perspectives and is committed to building harmonious labor-management relations and enhancing employees' happiness.Online Communication Platform Staff Representative Congress
"Code for Immediate Action" Platform: Employees can immediately The Company has formulated policies and systems including the
access the suggestion submission platform by scanning a dedicated Regulations on Freedom of Association Guidance Manual for Trade
QR code to quickly put forward their ideas. During the Reporting Union Re-election Trade Union Employee Representative and
Period the Company received and processed 110 rationalization Consultation Management System and Staff Representative Congress
suggestions via platforms including the "Code for Immediate System. It has implemented the employee representative democratic
Response" platform with a timely resolution rate of 100%. mechanism and collective consultation mechanism to enable
employees to participate in the Company's democratic governance
Enterprise WeChat Platform: The Company has set up a "Staff Home" and achieve a "win-win" outcome for the Company and its employees.where employees can submit democratic management suggestions During the Reporting Period the Company held 12 staff representative
business inquiries and other demands in real time. The relevant congresses.responsible departments will respond within 24 hours and provide
feedback on the processing progress within 3 working days.Management Reception Day Employee Satisfaction Surveys
The Company conducts management reception day activities on a The Company conducts employee satisfaction surveys every year
regular basis arranges management members to conduct one-on-one focusing on nine dimensions: "corporate culture internal harmony
in-depth interviews with employees listens to and understands management style management mechanism growth and
employees' needs and concerns directly and is committed to solving development logistical support spiritual rewards material rewards
the difficulties encountered by employees in their daily life and work. and social responsibility" to understand the challenges faced by
During the Reporting Period the Company organized 16 management employees in their daily work and life and capture their core needs. In
reception days and the problem resolution rate was 100%. response to issues identified from the survey relevant departments of
the Company put forward improvement measures and track the
improvement progress to continuously enhance employee
satisfaction. During the Reporting Period the Company's average
annual employee satisfaction score was 94 points (out of 100 points).Easpring has established a smooth and confidential employee complaint and reporting mechanism and formulated and implemented the Regulations on Internal
Communication Management Regulations on Complaint Management and Regulations on Management Reception Day. It has set up multi-channel anonymous and barrier-
free grievance channels including open suggestion boxes complaint mailboxes Enterprise WeChat and trade unions and clarified management procedures such as
complaint handling process handling time limit and feedback on results. Meanwhile the Company strictly protects the information of complainants or reporters keeps the
investigation and handling process confidential and prohibits any retaliation against complainants reporters or investigation participants.
135 136About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Employee Training and
Development
Talent Development System Architecture
Easpring has always adhered to the talent development philosophy of
"Developing Talents Empowering Talents" views talent development from a To support our journey toward becoming a world-class innovation leader we uphold a people-centric development strategy. Our goal is to forge an Easpring elite
strategic perspective builds a multi-level talent training system in line with the team characterized by integrity expertise and wisdom building a robust core talent ecosystem.business requirements of organizational capability enhancement empowers
employees to grow through practical measures and lays a solid talent General Competency Development Programs
foundation for the Company's sustainable development.Leadership Development Programs
Easpring provides employees with broad career development prospects closely Professional Competency Development Programs
integrates employees' personal development with the Company's long-term
strategy enables every employee to demonstrate value capability and talent at Technical Modules Skill Modules Marketing Modules Finance Modules …….work and aligns talent growth with the Company's development.Departmental Leadership Management and Mentorship
Talent Training System Daily Departmental Learning On-the-Job Growth
Easpring incorporates talent development into the Company's strategic Employee
governance system systematically establishes and continuously optimizes the
"1333" Talent Training System and promotes it in a coordinated manner from
three key dimensions: strategic guidance practical operation of business
departments and mechanism support. It is committed to building a "red
professional and intelligent" high-quality talent team to provide solid talent Incentive Mechanisms Career Development Mechanisms Learning & Development Mechanisms
support for the Company's sustainable development.Position Goal Planning Mechanism Learning and Growth Points
Note: "1" Core Objective: to support the Company's strategic implementation and business development Performance Professional Qualification Assessment
practice the "Red Professional and Intelligent" training philosophy for the Dongsheng Iron Army build a
core talent matrix and foster a high-quality talent team to meet the organization's future needs. Evaluation and Inventory Mechanism
"3" Implementation Approaches: Following the "721" talent development rule the Company effectively Pay Organizational Experience Extraction
transforms and improves employees' capabilities through practical approaches including on-the-job
training mentorship and project participation combined with review and reflection as well as course
learning. Incentive Mechanism MentorshipDevelopment Mechanism
"3" Core Competency Dimensions: They fully cover general competencies professional competencies
and leadership. General competencies include basic professional qualities such as communication and Elimination Mechanism Performance Coaching
collaboration and industry knowledge; professional competencies focus on professional skills and
business capabilities required for the position; leadership aims to reserve leading talents for key
positions. Selection Mechanism Appointment and Deployment Mechanism Job Rotation
"3" Supporting Mechanisms: The coordination of incentive mechanisms talent deployment mechanisms
and training mechanisms ensures the effective operation of the training system.
137138
Book Sharing Sessions
Micro-course Sharing
Organizational
Experience Extraction
Problem-solving
Workshops
Internal Case Sharing
Benchmarking
Management
Business Topic
Seminars
Management
Innovation Projects
Career Planning (IDP)
Performance
Improvement Plan (PIP)
On-the-Job Training
(OTJ) Mentorship
Job Rotation (JR)
AB Role Pairing
Focused FeedbackAbout Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring has formulated and implemented the Regulations on Employee
Training Management and other systems clarified the responsibilities and Professional Competency Training Leadership Training
processes of training management and established a training approach
featuring online-offline integration integrated training and on-the-job * Plans and implements talent development programs for the R&D track; plans Systematic training programs have been specially designed for all kinds of
application and closed-loop management covering pre- during and post-course and implements talent development programs for the sales track. managers such as the "Tengsheng Talent Training Project" for new executive
phases. It has developed various training programs including induction training teams the "Yuesheng Talent Training Project" for director-level managers the * The Company designs scenario-based customized solutions tailored to the
on-the-job training special training and leadership training to cover all "Pansheng Talent Training Project" for manager-level managers and the learning needs and preferences of trainees to ensure training outcomes are
employees help employees at all levels enhance their leadership and developed "Xusheng Talent Training Project" for high-potential reserve and core effectively applied on the job.a multi-level comprehensive succession plan and development plan for the backbone employees.Company. During the Reporting Period the Company built a new learning
platform "Easpring Smart College" where courses are delivered by the
Company's senior managers. Focusing on themes such as strategic layout R&D
trends supply chain management practices and career growth these senior
managers shared practical experience and forward-looking insights. A total of 8
training sessions were delivered with 547 participants comprehensively
enhancing employees' strategic vision business capabilities and leadership
competencies.Newcomer Induction Training:
* Easpring implements a 100-day onboarding program for new
managers to accelerate their integration provide dedicated support
and ensure a smooth start to their roles and career development.* Newly recruited mid-career employees are supported to quickly
integrate into the organization accelerate relationship-building and
mutual understanding and rapidly apply their knowledge and New Employee Training "Easpring Smart College" Leadership Training
experience to deliver value creation.* Leveraging the onboarding of new graduate recruits Easpring
delivers targeted onboarding and assimilation training with a focus Easpring continues to improve the construction of a learning organization systematically integrates and efficiently promotes various online and offline high-quality learning
on cultural immersion and integration for these new employees. resources and comprehensively supports employees' ability growth and organizational capacity building. During the Reporting Period the total annual training expenditure
reached RMB 684000 and the training coverage rate of employees reached 100%. The training hours attended by employees are as follows:
On-the-Job Training
* Easpring empowers business departments to enhance their learning
and training approaches strengthens on-the-job practice and Average training hours Average training hours Average training hours Average training hours of
capability improvement delivers general internal knowledge skills of male employees of female employees of management grassroots employees
and awareness training and fosters the development of a learning
organization. 11.05 11.24 12.16 11.03
* Easpring continues to conduct internal curriculum development
experience extraction case documentation and project review
activities to facilitate the accumulation of organizational experience
and wisdom. During the Reporting Period the Company completed
the development of 43 benchmark courses across professional tracks.
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At the same time Easpring supports and encourages all employees to improve
their personal academic qualifications and skills and makes every effort to Case: Easpring Changzhou's "Employee Education Career Advancement and
empower employees for growth through various means such as academic Advancement Program" Campaign Achieved Fruitful Results
qualification upgrading skill upgrading and the dual-mentor system. Easpring Changzhou launched the "Employee Education Advancement Development
Program" Campaign to encourage and support front-line employees to obtain
* Education Improvement:Easpring supports employees in pursuing on- college and undergraduate degrees through on-the-job learning so as to Easpring adheres to objective impartial and fair management principles builds
the-job education and obtaining professional qualification certificates improve the academic level technical skills and comprehensive quality of a scientific performance appraisal and career development management
and has established incentive mechanisms for personal development
including "Employee Education Advancement Program" Scholarships industrial workers and accelerate the building of a knowledge-based skilled
framework supported by a sound institutional system and comprehensively
academic degree-based salaries and professional title-based salaries. and innovative industrial workforce. Since its launch in 2022 a total of 39 empowers employees through standardized performance evaluation smooth
During the Reporting Period 4 employees of the Company are currently people have signed up and 13 employees have successfully completed their promotion channels implementation of career development plans and special
pursuing a Doctoral degree and the total investment in employee studies. In the future the Company will continue to increase investment cadre training so as to lay a solid talent foundation for the high-quality
education upgrading is RMB 32500. provide more learning platforms and resources encourage employees to development of the enterprise.* Skill Improvement: Easpring provides employees with professional pursue continuous learning and self-improvement provide more employees
course resources required for examinations and reimburses relevant fees Easpring has formulated the Regulations on Qualification Management
upon successful completion. Supported certificates include high-voltage with learning opportunities and development space and jointly promote the established a clear position system and built diversified development channels
& low-voltage electrician certificates forklift certificates welder Company's sustainable innovative development. including technical sequence (T) management sequence (M) professional
certificates etc. During the Reporting Period the Company supported 86
employees in obtaining certificates with a total expenditure of sequence (P) and operation sequence (O) further clarifying the development
approximately RMB 84000. paths of job sequences to better meet the growth needs of different employees.During the Reporting Period the Company promoted and implemented
* Dual-Mentor System: Easpring matches senior mentors for trainees in
key positions providing technical guidance career planning and Individual Development Plan (IDP) in key departments covering more than 90%
psychological support to accelerate talent development. of personnel in core departments.Easpring has established a clear scientific and reasonable career development
system follows the principle of "being able to go up and down" implements the
Case: Easpring Jiangsu Launched Engineer Training Program talent selection policy oriented by "performance ability and morality" opens up
multiple career development channels for employees and promotes the
construction of talent echelon in an orderly manner. The Human Resources
Easpring Jiangsu carries out a pilot program targeting new employees of the
Group Photo of Employees Who Successfully Completed Their Studies Department organizes qualification reviews of all sequences of employees 2025 cohort and aiming to enhance engineers' capabilities. It implements a throughout the company every year comprehensively inspects employees'
captain and mentor coaching system with the Company's senior executives Easpring attaches great importance to the talent training of industrial workers performance abilities and ideological and moral character and promotes those
serving as captains respectively. Daily training is conducted in groups places promoting the overall quality improvement of industrial workers and who meet the requirements. During the Reporting Period a total of 44
including classroom lectures practical operations case studies topic cultivating high-skilled industrial workers in an important position makes full employees were promoted to supervisor grade and above through qualification
discussions and other forms. use of the Company's existing resources and continuously improves the evaluation.comprehensive quality and ability of industrial workers. It extensively carries out
labor and skill competitions such as "Craftsman Skills" and "Post Skills" to Easpring has formulated the Management Measures for the Selection and
promote learning and training through competitions. At the same time Appointment of Middle-level Cadres and conducts a 360-degree questionnaire
survey for all management cadres every year and adopts a four-dimensional
industrial workers are encouraged to leadership model to examine the leadership level of cadres from the four aspects
participate in social industry and group of "Ambition Strategy Leadership Performance" so as to continuously improve
vocational skills competitions and online their work ability and professionalism. After the expiration of the probationary
training activities to show their talents and period or probation period new cadres are evaluated from the aspects of job
enhance their strength. During the adaptation completion of work objectives team management behavioral
Reporting Period the Company held 6 skill performance etc. At the same time the Company provides improvement
Training Site competitions and the finished product The Title of "Jiangsu suggestions and guidance to new cadres helps them understand their own
team of Easpring Jiangsu Workshop 04 Provincial Worker strengths and weaknesses and continuously improves the leadership of the
won the title of "Jiangsu Provincial Worker Vanguard" management team.Vanguard".
141 142About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Occupational Health
and Safety
In compliance with the ISO45001 occupational health and safety management
system standard Easpring has established a scientific and systematic Strategy
Easpring strictly abides by laws and regulations such as the Safety Production management process continuously improved safety management capabilities
Law of the People's Republic of China the Social Insurance Law of the People's built a firewall to prevent production safety accidents and comprehensively
Republic of China and the Law of the People's Republic of China on the
Prevention and Control of Occupational Diseases regards the occupational guaranteed the Company's production and operation safety. As of the end of the Easpring has always regarded safety production as the cornerstone of the
health and safety protection of employees and related parties as part of the reporting period 100% of the major production bases of the Company that have sustainable development of the enterprise built an "EHS Culture System" with
Company's responsibility and business activities adheres to the "people- been put into operation have passed the ISO45001:2018 occupational health and Easpring characteristics strengthened full participation and standardized
oriented" business philosophy systematically identifies evaluates and manages safety management system certification. management deeply integrated the concept of safety production into every link
occupational disease hazards and worksite risks ensures the safe use of of daily operation and created a safe and healthy working environment for all
hazardous chemicals regularly monitors and reports the health and safety of
employees and ensures the healthy development of employees and enterprises. employees.Governance
Easpring has established a Work Safety Committee chaired by the Chairman of
the Board whose members include the Company's senior management heads
of relevant headquarters departments and subsidiaries. It is responsible for 1 3EHS Policy EHS Mission
formulating the Company's health and safety management policies and
measures establishing and improving the health and safety management Safety First People-Oriented Provide green materials for
assessment system organizing health and safety management inspections and Full Participation Green pioneer products and
supervising the rectification of hidden dangers. The Work Safety Committee has Development continue to contribute to the
an office under it and the Safety and Environmental Protection Department era of ecological civilization.takes the lead in putting forward suggestions on major work safety principles
policies and important measures organizing various work related to work safety ISO45001 Occupational Health and Safety Management System Certification
and supervising the implementation of various work safety measures. The
production bases are equipped with full-time safety management personnel
responsible for the establishment implementation maintenance and In accordance with the requirements of the occupational health and safety EHS
continuous optimization of the occupational health management system management system and the annual audit plan Easpring conducts special 文化体系
promoting the implementation of various occupational health measures and occupational health and safety audits on a regular basis to assess the adequacy
continuously improving safety management performance. suitability and effectiveness of the system and accurately identify the direction
Easpring has established systems and procedures including the All-Employee for improvement. During the Reporting Period the Company completed a
Work Safety Responsibility System Regulations on Risk Classification Control
Regulations on Hidden Danger Investigation and Management Contractor special internal occupational health and safety audit covering all cathode
Management Procedures and Regulations on Work Safety Regular Meetings to material production bases that have been put into production. The audit focuses 2 4EHS Vision EHS Values
implement the work safety management responsibilities of all types of personnel on key elements such as hazard source identification risk assessment and
at all levels. It conducts operation process observation and risk identification on hidden danger investigation monitoring and control of occupational hazards
all areas all personnel (including contractors and on-site service providers) and Green Manufacturing Healthy Safety and environmental emergency preparedness and response etc. In view of the non-conformities
all operation processes reports the identified potential risks to the Work Safety Development protection are a red line the
Committee monthly organizes relevant departments to discuss and formulate found in the audit the Company has established a rectification ledger clarified most basic responsibility the
targeted rectification measures puts forward preventive improvement the responsible departments and the completion time limit which are followed greatest benefit and the best
suggestions and enhances the ability to prevent and resolve major occupational up and verified by the Safety and Environmental Protection Department. As of welfare.health and safety risks. At the same time the Company clarifies the safety the end of the reporting period 100% of related issues have been rectified in a
management objectives and work responsibilities of each position organizes all closed loop further improving the Company's occupational health and safety
employees to sign work safety responsibility statements and regularly reviews
and assesses safety management work and its effectiveness. performance.
143 144About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
According to the EHS management improvement plan Easpring has formulated
the Three-Year Action on Tackling Root Causes of Production Safety (2024–2026) Impact Risk and Opportunity Management
accelerates the transformation of the production safety governance model
toward ex-ante prevention effectively strengthens risk management and control
and hidden danger rectification further improves the skills quality and
capabilities of all employees and achieves new improvements in production Risk Control and Hidden Danger Management
safety governance capacity and intrinsic safety level.Easpring has established the 5 "Five" Risk Management System takes the "dual-control system" as the main line fully identifies and evaluates the Company's safety risks and
Action phase Main Work Progression carries out hierarchical risk management and control and hierarchical hidden danger investigation and treatment so as to continuously improve the safety management
Status level. The Company strictly implements change management procedures conducts safety risk assessments on any changes to processes equipment or personnel ensures
2024 – Year of * Comprehensively carry out a round of Completed the change process is controlled and prevents the introduction of new safety risks. During the Reporting Period the Company carried out special safety actions such as
Tackling Hidden special safety training and hidden "historical accident case" study and special rectification of "hazardous operation permits" and 100% of all identified hidden dangers were rectified and closed in a timely
Dangers danger investigation manner.Eliminate * Focus on eliminating major accident
Hidden Dangers hazards and ensure that major safety
and Control risks are controllable
Risks 5 "Five" EHS Key Risk Management System
2025 – Year of * Improve the "5 'Five' Risk Management Completed
Strengthening System"
Foundations Five key Zero Zero Zero Zero Zero * Consolidate key risk management and indicators safety incidents fire accidents administrative penalties occupational diseases environmental accidents
Consolidate control measures operate and
Foundations continuously optimize the key risk
and Establish management system
Mechanisms * Comprehensively improve the safety Five Organizational Structure
awareness level of all employees Management and safety responsibility Dual Control System Compliance Management
Special Training and
Emergency Management Green and low carbon
Pillars system
Improving * Use modern information technology In progress
Efficiency such as a safety production information
Apply platform to ensure real-time monitoring Five Related parties hazardous List of key risk personnel and Water balance diagram and
Technology to and early warning of various risks management Intrinsic Safety management List of key risks and list of key fire protection areas operations and special list of occupational wastewater control flow
Prevent Risks * Safety work shifts from hidden danger foundations equipment management contraindications chart
investigation to risk monitoring to
ensure that all kinds of risks can be
prevented
Top 5 Safety environmental
Management Hazard Prediction Training Risk Identification JHA + LEC and sanitation process Non-standard operation Behavioural Observation KYT performance and false alarm safety SOP BBS
Tools management
Five basic Ability to know and Risk analysis and hidden Emergency evacuation and understand safety and danger investigation initial accident handling Health management and Flood prevention and
capabilities sanitation capabilities capacity first aid capabilities heatstroke prevention ability
5 "Five" Risk Management System
145 146About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Intelligent Safety Management Stakeholder Safety Management
Relying on digital and intelligent technologies to empower the improvement of Easpring has formulated the Regulations on the Management of External Construction Regulations on the Management of Contractors Contractor Safety Environmental
safety management Easpring has widely deployed intelligent robots for on-site Protection and Occupational Health Management Agreement and Occupational Health Safety and Environmental Protection Agreement to clarify the safety production
inspection and sagger cleaning in key workshop areas reducing the probability management standards for contractors on-site service providers and other related parties. The Company requires contractors to establish an occupational health and safety
of personnel exposure to hazardous environments at the source and inherently responsibility system that meets national and local standards and regularly evaluate the operation of the system to ensure that their products and services comply with
lowering operational safety risks. The Company simultaneously promotes the occupational health and safety requirements. During the Reporting Period the Company achieved a 100% signing rate for newly admitted supplier agreements.iterative upgrade of its safety operation mode shifting from traditional passive
response to active early warning and intelligent prevention and control. It has
fully deployed the "Intelligent Video Surveillance System" in production
workshops public auxiliary areas and key risk points realizing all-weather
intelligent risk identification real-time uploading and early warning linkage. In
the laboratory the Company has launched the "Fully Intelligent Laboratory
Management Platform" which integrates core functions such as environmental Pre-qualification Safety Training and Technical Whole-process On-site Establishment of Performance parameter monitoring and intelligent fire early warning to build a Review Disclosure Supervision Assessment and Withdrawal
comprehensive and full-coverage intelligent monitoring and protection system. Mechanism
As of the end of the Reporting Period the Intelligent Video Surveillance System * Pre-qualification Review ： All * Unified Standardized Training: All * On-site Behavior Supervision: We * Settlement Linked to Safety
has achieved 100% coverage at Easpring Changzhou and the Company will contractors must pass strict safety personnel of contractors/suppliers include contractors' operation sites Performance: We link contractors'
continue to promote the expansion of system coverage and technological qualification reviews before must receive plant-level safety in the Company's daily safety on-site safety performance (e.g.iteration and upgrade. accessing the Company including training organized by the Company inspection and special inspection number of violations hidden danger
but not limited to valid work safety before entering the plant. The scope conduct real-time rectification) to the settlement of
licenses relevant operation training covers major risks in the supervision over their operation their project funds and implement a
qualifications safety agreements plant area safety rules and process and immediately stop and safety one-vote veto system.and proof of past safety regulations etc. and they may go seriously deal with any identified
performance. through plant entry procedures only “three violations” (forced * Blacklist Management: Contractors
that have committed serious
* Clarification of Responsibilities after passing the assessment. command illegal operation
through Safety Agreements: When * Special Operation Disclosure: For violation of labor discipline).violations or safety accidents will be
included in the supplier “blacklist”
signing business contracts the Work specific operation projects the * Elevated Management of High-risk once verified and their service
Safety Management Agreement Safety and Environmental Operations: Any high-risk operations qualifications in the Company will
must be signed simultaneously to Protection Department shall provide carried out by contractors such as be permanently revoked.clarify the safety responsibilities special safety technical disclosure to hot work work at height and
obligations management contractor personnel clarifying confined space operations must
requirements and breach penalty hazard sources safety control strictly apply for the Company's
The Intelligent Video Surveillance System clauses of both parties and restrict measures and emergency response operation permits which shall be
At the same time Easpring strives to build a "smart brain" for risk prevention and their safety behaviors from a legal requirements at the operation site. approved by our professional
control build a central control smart risk prevention and control center launch perspective. personnel to ensure that all safety
an EHS information management system and comprehensively enhance the risk measures are put in place.perception early warning and analysis and emergency response and dispatch
capabilities of the whole manufacturing base; We develop a mobile APP for
hidden danger investigation further improve the efficiency of risk data sharing
and closed-loop management of hidden danger rectification and build a solid Stakeholder Safety Management Process
intelligent defense line for safe production.
147 148About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring has fully incorporated related party personnel (including contractors
on-site service providers and visitors) into the integrated safety management Chemicals Management
system and carried out company-wide hierarchical and categorized safety
management training. During the Reporting Period the coverage rate of safety
training for related parties reached 100%. Easpring has formulated and implemented the Regulations on the Management of Hazardous Chemicals Storage Requirements for Hazardous Chemicals Warehouses and
Emergency Plan for Hazardous Chemicals Accidents and has set up a special hazardous chemicals warehouse to regulate and control the whole process of hazardous
chemicals including procurement transportation warehousing storage use and disposal. The Company communicates specific implementation requirements to each
corresponding responsible department regularly conducts emergency drills related to chemical safety and continuously strengthens the safety management of hazardous
chemicals.
(1) Supplier Qualification Review: The Company establishes a list of qualified suppliers and strictly examine their work safety licenses and
1.Procurement and other qualifications.
Qualification Access
(2) Procurement Approval System: All chemical purchases shall go through safety purpose review to ensure compliant sources.
Contractor Safety Training
(1) Classified and Zoned Storage: According to the hazardous characteristics of chemicals (such as flammable corrosive oxidizing etc.) they
are stored in different zones and cabinets with eye-catching signs posted.At the same time Easpring Finland fully implements a compliant and digital site 2.Storage and Custody:
management system for construction projects provides Valtti electronic identity (2) Highly toxic chemicals precursor chemicals and explosive precursor chemicals adopt the “double-person double-lock” system
credentials for all personnel fully integrates into the Zeroni management system double-person collection & issuance and double-person custody.adopts the TR-measurement safety audit system and conducts comprehensive
safety audits every week to identify hidden dangers and automatically generate
rectification tasks.
3. Use and Operation: (1) Requisition Process: The Company implements a strict requisition registration system to record the requisitioner purpose and quantity.
(2) Standard Operating Procedures (SOP): The Company formulates detailed operating procedures for posts involving chemicals and require
employees to wear necessary protective equipment during operation.
(1) Compliant Entrusted Disposal: The Company hands over hazardous waste to qualified units for harmless treatment.
4. Waste and Disposal
(2) Harmless Treatment: The Company conducts harmless disposal of some low-risk wastewater.
Occupational Health
Easpring adheres to the combination of "prevention treatment management and education" and strictly implements the "three simultaneities" requirements for
occupational disease protection facilities in construction projects. By combining source prevention and control with engineering treatment the Company effectively reduces
the risk of occupational disease hazards in the workplace. The Company formulates and implement the Occupational Health Management Regulations implement
occupational health and safety management work in terms of providing personal protective equipment carrying out health examinations and popularizing health culture
Zeroni Management System continuously improve the workplace environment and working conditions and provide employees with more comprehensive and effective health protection.
149 150About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Occupational Health and Safety Protection Occupational Health and Safety Monitoring Occupational Health and Safety Physical Examination
* Easpring has formulated and strictly implemented the * In accordance with the requirements of internal systems such as * Easpring regularly organizes employees to undergo
Regulations on the Management of Labor Protective Articles the Procedures for the Identification and Evaluation of occupational health examinations and conduct pre-job in-
standardized the procedures for procurement requisition use Environmental Factors and Hazard Sources Easpring conducts service and post-job occupational health examinations for
and scrappage of labor protective articles and provided monitoring and evaluation of workplaces with occupational employees in positions involving occupational disease hazards.employees with sufficient labor protective articles. disease hazard factors. The main health hazards involved in the During the Reporting Period the Company achieved 100%
production process include noise dust and high temperature. coverage of occupational health examinations.* Easpring has equipped corresponding protective and emergency The Company has implemented special protective measures and
equipment in all workplaces standardized the notification and taken timely treatment measures to protect the health and safety
warning of occupational disease hazards in various workplaces of employees. During the Reporting Period the Company
carried out occupational health and safety training for all achieved 100% coverage of regular testing of occupational
employees and clarified occupational disease hazard factors and disease hazard factors in workplaces and no employee
corresponding protective measures. occupational health-related incidents or casualties occurred.At the same time Easpring adheres to the core concept of "people-oriented"
and in addition to occupational health protection builds a diversified non-
occupational healthcare service system and proactively helps employees
address major non-work-related health risks. For details please refer to the
chapters "Salary and Welfare" and "Employee Care" above.Safety Emergency Management and Training
Easpring has formulated the Emergency Management Regulations clarified the
procedures and norms for emergency response to emergencies established and
improved an emergency plan system including comprehensive production safety
emergency plans special emergency plans and on-site disposal cards which is
consistent with the emergency plans of higher-level authorities and signed
emergency rescue mutual assistance agreements with surrounding units. The
Company has set up a professional emergency rescue team and is equipped with
sufficient emergency rescue professionals and emergency rescue equipment and
facilities. We conduct regular capability training and drills to ensure rescue
operations for incidents that occur in emergencies so as to control risks and
eliminate hidden dangers at the first time. During the Reporting Period 100% of
the Company's production safety emergency plans were filed with the local Fire Emergency Drill Emergency Rescue Drill for Chemical Leakage Accidents
emergency management department and 84 safety drills were conducted.
151 152About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Easpring has established a three-level safety training system covering all employees and continuously conducts occupational health and safety training on a pre-job and on- During the Reporting Period，the-job basis including but not limited to fire safety gas usage equipment operation procedures and other training. We ensure that all employees and contractors possess
adequate occupational health and safety knowledge through assessments. In addition the Company conducts irregular occupational health knowledge publicity and
activities to continuously enhance employees' safety awareness. During the Reporting Period the coverage of safety training carried out by the Company reached 100% and The coverage of safety training reached 100%.the total duration of safety training was 62796.05 hours.Security Incident Reporting and Investigation The total duration of safety training was 62796.05 hours
Easpring formulates and implements the Regulations on Occupational Health and Safety and Environmental Accident Reporting Investigation and Handling. We stipulate the
accident reporting process time limits and responsibility requirements in accordance with the principle of "hierarchical management classified reporting and level-by-level
reporting" and in accordance with national and local laws regulations and the Group's requirements reports casualties to relevant departments in a timely manner. During
the Reporting Period no production safety incidents resulting in employee deaths occurred in the Company. Metrics and Targets
During the Reporting Period Easpring established and achieved the following
occupational health and safety objectives.When Occupational Health and Safety Incidents or Emergencies Occur Activate the On-Site Disposal Plan / Emergency Plan
On-site personnel shall immediately report to the part-time safety officer Goals/Metrics Progress/Target
of their department Achievement in 2025
Zero Employee Fatal Accidents Achieved
Report to the Department Manager Zero Fire Accidents Achieved
Zero New Occupational Disease Incidents Achieved
Report to the Safety and Environmental Protection Department Zero Relevant Administrative Penalty Incidents Achieved
Involving Emergency Management Fire Protection
and Other Relevant Authorities
Report to the Leader in Charge
At the same time Easpring continues to increase investment in employee safety
and health and has established a dual protection mechanism for safety input
Report to the General Manager /the Work Safety Committee of the Internal Accident Investigation and safety insurance. During the Reporting Period the Company invested Company approximately RMB 7.23 million in various safety inputs and RMB 1.69 million in
work-related injury insurance covering all employees. In addition the Company
Casualty accidents shall be reported and investigated in accordance with national and local laws regulations and the requirements of the Group invested RMB 109600 in employer liability insurance to further enhance
protection for employees.During the Reporting Period，Easpring's accident investigation follows the principle of "seeking truth from facts". The accident investigation team consists of the Safety and Environmental Protection
Department the labor union and other departments as well as the leader in charge of safety. The investigation team directly asks targeted questions to avoid criticizing the Company invested approximately
threatening or blaming anyone and conducts interviews with personnel from relevant departments at appropriate locations to protect employees from retaliation. The
Company strictly holds units and individuals accountable who conceal falsely report or deliberately delay reporting accidents and commends and rewards units and RMB 7.23 million in various safety inputs
individuals who have performed meritorious deeds in preventing and rescuing accidents.Easpring has fully rolled out an internal reward mechanism for the reporting of work safety hazards which has fully mobilized the intrinsic motivation of employees to RMB 1.69 million in work-related injury insurance
participate in safety management and driven a fundamental transformation of the Company's safety management: from "passive response and post-incident disposal" to
"proactive control and pre-event prevention". The enthusiasm of all employees to participate in safety management has been significantly stimulated and the safety culture
of "Everyone is a Safety Officer" has grown increasingly strong and taken deep root among all staff. During the Reporting Period the Company has paid out a total of nearly RMB 109600 in employer liability insurance
20000 RMB in hazard reporting rewards. This mechanism has achieved full-coverage hazard investigation with no blind spots and provided solid support for the sustained
stable and positive trend of the Company's work safety situation.
153 154About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Social Contribution Community Services
Easpring has always attached importance to establishing a communication mechanism with the community paid attention to the needs of local communities and the public
Easpring has always firmly believed that the value of an enterprise lies not only in focused on vulnerable groups to carry out public welfare and charitable activities and promoted social harmony and sustainable development through concrete actions.technological innovation and market achievements but also in its responsibility During the Reporting Period the Company invested a total of RMB 0.8756 million in public welfare and charity with a total of 212 employee person-times participating in
and commitment to society. Through diversified measures such as targeted voluntary activities and a total of 520 hours of service devoted to volunteer activities.assistance charitable donations and volunteer services the Company continues
to inject momentum into rural revitalization and deliver care to special groups. In
the future the Company will continue to deepen engagement in public welfare Case: Warming Children's Hearts – Condolence Activities for Hearing- Case: Spreading Love – "Learn from Lei Feng" Nursing Home
uphold the original aspiration of "science and technology for good" with Impaired Children Condolence Activity
concrete actions bring the benefits of corporate development to more people
and strive toward a bright future of sustainable development together with Since 2019 The Company has designated Zhangjiakou Tianyin In 2025 the Company's volunteer team visited Tangzhuang Nursing Home in
society. Rehabilitation Center as a long-term targeted support partner. We have Yaotang Subdistrict carefully prepared and presented heartfelt care
organized company volunteers to visit the center to offer condolences to packages to the elderly chatted with them warmly and conveyed the
Easpring complies with laws and regulations such as the Charity Law of the hearing-impaired children and have donated a total of RMB 200000 in cash Company's warmth and care.People's Republic of China and the Law of the People's Republic of China on and materials. These donations support the center in laying environmentally
Donations for Public Welfare Undertakings establishes a compliant public friendly outdoor activity flooring purchasing basic equipment such as air
welfare and charity management mechanism and formulates and implements conditioners and office computers and equipping it with children's
the Measures for the Administration of External Donations. It clarifies the educational toys parent-child classroom facilities and indoor and outdoor
principles and scope of external donations strengthens the management sensory integration training equipment. The Company has comprehensively
supervision and use of assistance funds and standardizes external donation optimized the rehabilitation teaching and living environments enriched the
practices. reserve of rehabilitation training resources and laid a solid foundation for
hearing-impaired children to improve their rehabilitation outcomes and
Social Welfare integrate into society smoothly.During the Reporting Period Easpring actively fulfilled its social responsibilities
and fully supported public welfare causes. The Company invested a total of RMB
625613.80 to effectively deliver resources and care to the grassroots through
various forms such as education assistance consumption assistance and village
and community donations.* In terms of education revitalization the Company invested RMB 90000 in
Pingyu No. 1 Middle School to build an "AI Robot Laboratory" to empower
rural education with technology and help young people grow and thrive;
* In terms of targeted assistance the Company donated RMB 15800 to Wulian
Village and Zhedang Village focusing on supporting village collective
development and rewarding college entrance examination students so as to "Learn from Lei Feng" Nursing Home Condolence Activity
effectively improve people's livelihood and facilitate talent development.* In terms of consumption assistance the Company invested RMB 519813.80
through the consumption assistance channels of central enterprises to Condolence Activities for Hearing-Impaired Children
purchase assistance products from Shanxi Sichuan Tibet Xinjiang Henan
Hubei Shaanxi and other regions driving local industrial development and
increasing farmers' income through actual consumption.;
155 156About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 22002255 E ESSG Report
Case: Passing the Torch – 2025 Easpring Changzhou Jintan Student Aid Program Case: Love Without Boundaries – Voluntary Blood Donation Volunteer Activity
In 2025 Easpring Changzhou donated RMB In 2025 Easpring Changzhou fulfilled its social
5000 to five impoverished students from responsibility through voluntary blood
western regions at Jintan Vocational School donation and continued to participate in
and RMB 15000 to Hualuogeng Changzhou's group voluntary blood donation
Experimental School Binhu School and public welfare activities for years. During the
other schools helping improve the quality event the Company's executives set an
and balanced development of education example and employees responded
and supporting students in realizing their enthusiastically with a total voluntary blood
wishes and dreams. donation of 6400 mL. With concrete actions
the Company interpreted the spirit of
"boundless love" and injected strong positive
energy into building a harmonious society.Jintan Student Aid Program Voluntary Blood Donation Volunteer Activity
157 160About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Appendix I Table of ESG Key Performance Indicators in 2025
Table of Key Environmental Indicators1
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Energy Consumption Energy consumption
Comprehensive energy tce 60999.01 75462.10 107892.13 tce 171.32 959.54Solar energy 1365.66
consumption MWh 496330.43 614012.21 877885.49 (self- generated and self-used) MWh 1393.98 7807.49 11111.92
tce 33.11 154.73 56.40
Gasoline tce/RMB million 4.03 9.94 10.40
MWh 269.41 1258.99 459.93 Total energy consumptionintensity MWh/RMB
tce million
32.7980.8884.62
16.225.832.74
Diesel oil
MWh 131.98 47.44 22.29 tce 7984.6 7984.6 11586.62Clean energy2 total
consumption
tce 52920 59485.28 88016.08 MWh 64968.27 64968.27 94276.77
Purchased electricity
MWh 430593.98 484013.67 716160.11 Proportion of clean energy 0.28 10.58 10.74
consumption %
tce 8029.68 8791.20 9595.94
Purchased steam tce 49.32 7185.61 10280.25
MWh 65335.07 71531.33 78079.27 Direct energy consumption
3
MWh 401.30 58467.13 83647.27
tce 0.004 7025.06 10220.96
Natural gas tce 60949.68 68276.48 91742.41
MWh 0.03 57160.78 83164.85 Indirect energy consumption4
MWh 495929.05 555545.00 746480.15
Description of environmental data：
1 In 2025，Easpring collected environmental data covering all operating production sites and R&D center within the listed entity.
2 Clean energy refers to the energy generated by solar power and natural gas.
3 Direct energy consumption comes from gasoline diesel and natural gas.
4 Indirect energy consumption comes from purchased electricity and purchased steam.
159 160About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Greenhouse gas emissions Resource consumption
Total emissions (Scope 1 +
Scope 2) tCO2e 280593.87 288716.46 457616.89
Water resources
Total water withdrawal '0000 ton 52.89 54.63 103.70
Scope 1 (direct) emissions tCO2e 7855.36 28040.62 46685.83
Municipal water withdrawal '0000 ton 52.89 54.63 103.70
Scope 1 – Stationary source
emissions tCO2e - 13834.74 20166.72 Total displacement '0000 ton 14.44 14.45 17.23
Scope 1 – mobile source
emissions tCO2e - 384.22 128.86 Total water consumption '0000 ton 38.45 40.18 86.47
Scope 1 – Industrial process Recycling and reuse of water '0000 ton 14.76 14.93 35.65
emissions tCO2e - 10180.43 21753.23
'0000 ton 0.0035 0.0072 0.01
Water intake intensity
Scope 1 – Unorganized fugitive
emissions tCO2e - 3641.23 4687.02
/RMB million
Other resources
Scope 2 (indirect) emissions5 tCO2e 272738.51 260675.84 410931.06
Total use of other resources ton 1119.3 1891.45 4889.53
Scope 2 (indirect) emission
reductions6 tCO2e - 4423.65 7042.96 Production packaging ton 1117.3 1889.31 3231.86
Scope 3 – category 1 tCO2e - - 29965977.29 Office paper ton 2.0 2.16 7.94
Carbon credit7 tCO2e - 31665.12 - Recycling and usage of other
resources ton 631.8 457.55 1657.67
Carbon emission intensity tCO2e/RMBmillion 18.55 38.02 44.11 Intensity of use of other
resources ton/RMB million 0.074 0.25 0.47
Description of environmental data (cont.) ：
5Scope 2 comes from carbon emissions from purchased electricity and purchased steam where carbon emissions from purchased electricity are
calculated based on geographical location.
6Scope 2 emission reduction refers to energy saving and emission reduction achieved through equipment and process transformation as well as
photovoltaic power generation.
7In 2025 the Company did not purchase carbon credit.
161 162About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Indicators Unit 2023 2024 2025
Pollutant emissions8
Exhaust emissions
Total exhaust emissions Kg 3583.86 12638.33 29231.70
Particulate matter Kg 3311.70 3535.68 18642.70
NOx Kg - 1070 4704.00
VOCs Kg - 661 2976
SO2 Kg - 4190 2895.00
Total exhaust emission intensity kg/RMB million 0.24 1.66 2.82
Waste water emissions
COD Ton - 3.25 3.21
N-NH3 Ton - 0.69 0.50
Total nickel ton - - 0.009
Solid waste generation
Total solid waste generation Ton 1615.02 1348.66 2306.83
Hazardous waste Ton 115.37 123.96 118.50
General waste Ton 1499.65 1224.70 2188.33
Total solid waste generation
intensity ton/RMB million 0.11 0.18 0.22
Description of environmental data (cont.) ：
8Pollutant discharge includes pollutants in waste gas and wastewater. For the total verified pollutant emissions and total emissions please refer to Appendix IV.
161 162About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Table of Key Social Indicators
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Employee Management Management
Total employees Person(s) 1721 1798 1750 By Gender
By Gender Female Person(s) 22 22 21
Female Person(s) 429 456 432 Male Person(s) 100 93 93
Male Person(s) 1292 1342 1318 By Age
By educational qualifications ≤30 years old Person(s) 2 2 0
Doctor Person(s) 26 31 41 30-50 years old Person(s) 110 101 104
Master's degree Person(s) 234 272 329 ≥50 years old Person(s) 10 12 10
Bachelor's degree Person(s) 531 589 651 Employee Diversity and Inclusion
College degree and below Person(s) 930 906 729 Number of ethnic minority employees Person(s) / / 167
By Age Share of women in management positions in
revenue-generating functions % / / 40.91
≤30 years old Person(s) 671 692 652
Share of women in STEM-related positions % / / 25.03
30-50 years old Person(s) 878 944 971
Employee Turnover Rate
≥50 years old Person(s) 172 162 127
Total number of employee turnover Person(s) / / 208
By position level
Employee turnover rate1 % / / 11.89
Senior management Person(s) 7 8 8
Number and rate of employee turnover by
Middle management Person(s) 115 107 106 gender2
General employees Person(s) 1599 1683 1636 Number of female employee Person(s) / / 48
By geographical region Rate of female employee % / / 11.11
China Person(s) 1717 1795 1713 Number of male employee Person(s) / / 160
Overseas Countries and Territories Person(s) 4 3 37 Rate of male employee % / / 12.14
Description of social data:
1Employee Turnover Rate= Total Number of Employee Turnover/Total employees。
2Employee turnover rate for this category = Total number of turnover employees in this category / Total number of employees in this category
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Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Number and rate of employee turnover by position level Employee Training
Number of management Person(s) / / 11 Employee training coverage % 100 100 100
Rate of management % / / 9.65
Total employee training hours Hour(s) 16954 10336 19424
Number of general employees Person(s) / / 197
Number of employees receiving
Rate of general employees % / / 12.04 training Person(s) 1721 1798 1750
Employee Recruitment Management Average number of training Hour(s) 9.85 9.43 11.10
Total number of new employees hours received by employeesrecruited (excluding internal hires） Person(s) / / 315
By Gender
Percentage of open positions filled
by internal candidates (internal % / / 20.25 Female Hour(s) 9.67 8.70 11.24
hires)
Male Hour(s) 9.91 9.64 11.05
Number and ratio of newly recruited employees by gender
Number of newly recruited female By position level
employees Person(s) / / 69
Management Hour(s) 14.62 13.35 12.16
Ratio of newly recruited female
employees % / / 21.90 General employees Hour(s) 9.49 8.90 11.03
Number of newly recruited male
employees Person(s) / / 246 Number of employees receiving educational advancement Person(s) / / 4
Ratio of newly recruited male
employees % / / 78.10 Annual training expenditure
amount RMB million / 1.03 0.68
Number and ratio of newly recruited employees by position level
Employee Development Performance Evaluation
Number of management staff
recruited Person(s) / / 6 Proportion of employees
Ratio of management staff receiving regular development % / / 100
recruited % / / 1.90 performance evaluation
Number of General employees Proportion of employees receiving regular development performance evaluation by position level
recruited Person(s) / / 309
Management % / / 100
Ratio of General employees
recruited % / / 98.10 General employees % / / 100
R&D Personnel Employee Benefits
Number of R&D personnel Person(s) 412 430 438
Cash-based benefits RMB million 13.65 24.49 38.30
By educational qualifications
Non-based benefits RMB million 16.98 12.60 18.91
Doctor Person(s) / / 37
Master Person(s) / / 199 Parental leave
Bachelor Person(s) / / 175
College degree and below Person(s) / / 27
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Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Number of males taking parental Person(s) / / 33 Occupational Disease Medical
leave Examination
Number of females taking Person(s) / / 19
parental leave Occupational Health and Safety Medical Check Investment RMB million / / 0.29
Employees returning to work post parental leave in the current reporting period
Occupational Health Check-up
Number of male Person(s) / / 33 Coverage Rate % 100 100 100
Number of female Person(s) / / 19 Occupational Hazard Factor Testing
Benefit Coverage Rate
Number of Chemical Occupational
Group Accident Insurance % / / 100 Hazard Factor Tests Times / / 253
Coverage Rate
Critical Illness Insurance % / / 100 Number of Physical Occupational Times / / 130
Coverage Rate Hazard Factor Tests
Supplementary Medical % / / 100 Safety Management
Insurance Coverage Rate
Number of Safety Drill Activities
Pre-employment Health Check % / / 100 Conducted Drills 29 42 84
Coverage Rate
Safety Drill Activity Coverage Rate % / 100 100
Annual Health Check Coverage % / / 100
Rate (excluding occupational Number of Safety Training
health check-ups) Participants Person-times / / 18198
Occupational Health and Safety Total Duration of Safety Training Hour(s) / / 62796.5
Safety Investment RMB million / 14.49 7.23 Safety Training Coverage Rate % / 100 100
Work Injury Insurance RMB million / 1.19 1.69
Expenditure Suppliers
Work Injury Insurance Coverage % / 100 100 Total Number of Suppliers3 Company(ies) 132 106 117
Rate
Employer's Liability Insurance RMB million / 0.17 0.11 Number of New Suppliers Company(ies) 24 16 11
Expenditure Number of Suppliers by Region
Number of Employee Fatalities Person(s) 0 0 0
from Work Injuries Chinese Mainland Company(ies) / / 114
Number of Work-related Injuries Person(s) / / 3 Hong Kong Macao and Taiwan
Number of New Occupational Person(s) 0 0 0 Regions
Company(ies) / / 0
Disease Cases Overseas and Other Regions Company(ies) / / 3
Number of Lost-time Incidents Case(s) / / 6 Localized Procurement Proportion % 21.21 24 35
Number of Workdays Lost Due to Day(s) / / 105
Work Injuries Supplier Management
Injury Frequency Rate per Million Person(s) per / / 0.86 Number of Suppliers that have Signed
Working Hours million hours the Sunshine Cooperation Agreement Company(ies) 132 106 117
Lost Time Injury Frequency Rate Case(s) per million / / 1.71
(LTIFR) hours Proportion of Suppliers that have Signed the Sunshine Cooperation % 100 100 100
Major and Above-level Safety Case(s) 0 0 0 Agreement
Incidents
Number of Training Sessions Provided
Work-related Fatality Rate (per % 0 0 0 to Suppliers Sessions / 4 22
million working hours)
Number of Trained Suppliers Company(ies) / 106 117
Description of social data (Cont.)：
3 The scope of supplier data statistics includes suppliers of main materials packaging materials and engineering equipment bidding and procurement.
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Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Supplier Training Coverage Rate % 100 100 100 Product and Service
Supplier Quality Audit Complaint handling rate of products % 100 100 100
and services
Completion Rate of Supplier Quality
Audit % / 100 100 Product recall Case(s) 0 0 0
Certification Rate of Suppliers' Quality % / 100 100 The percentage of products recalled % 0 0 0Management System due to health and safety issues out of
the total number of products shipped
Certification Rate of Suppliers' or produced
Environmental Management System % / 81 90
Social Welfare
Certification Rate of Suppliers'
Occupational Health and Safety % / 79 79 Total cumulative investment amount4 RMB million 1.72 2.55 3.42
Management System
Supplier Environmental and Social Number of employees engaged in Person(s) / 127 212
Responsibility Audit voluntary activities
Number of Suppliers that Have Volunteer service hour Hour(s) / 528 520
Undergone Social Responsibility Audit Company(ies) / / 20
Number of Suppliers with Actual and
Potential Material Adverse Social Company(ies) / / 0
Impacts (Environmental Category)
Number of Suppliers with Actual and
Potential Material Adverse Company(ies) / / 0 Table of Key Indicators of Corporate Governance Performance
Environmental Impacts
R&D Management Indicators Unit 2023 2024 2025
R&D investment RMB million 408 370 486 Anti-corruption
Proportion of R&D investment to % 2.7 4.88 4.68 The proportion of directors % 100 100 100business income participated in anti-corruption
training
Proportion of R&D personnel % 23.94 23.92 25.03
The proportion of employees % 100 100 100
Intellectual Property Protection and Patent Application participated in anti-corruption
training
Cumulative number of patent
applications Piece(s) 641 834 1110 Anti-unfair Competition
Number of new patents Piece(s) 147 193 276 The total number of Case(s) 0 0 0
administrative penalty cases
Cumulative number of authorized Piece(s) 280 352 447 involving unfair competition patents that occurred during the
Reporting Period
Number of newly granted patents Piece(s) 46 72 95
Description of social data (cont.) ：
4 The amount of social public welfare investment has accumulated since 2018.
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Appendix II the Guidelines and GRI Index
The Guidelines GRI Standards Response Chapter The Guidelines GRI Standards Response Chpater
Chapter I General Provisions Chapter III Environmental Disclosure
Article 1 Section 1 Climate Response
Article 2
Article 3 GRI 102: Climate Change 2025
Article 4 GRI 1：Foundation 2021 102-1 Transition plan for climate change mitigation
Article 5 GRI 2：General Disclosure 2021 102-2 Climate change adaptation plan
Governance
Article 6 GRI 3：Material Issues 2021 102-3 Just transition
Article 7 102-4 GHG emissions reduction targets and progress
Article 8 Article 20 102-5 Scope 1 GHG emissions
Article 9 Article 21 102-6 Scope 2 GHG emissions
Article 10 Article 22 102-7 Scope 3 GHG emissions
Article 23 102-8 GHG emissions intensity
Chapter II Disclosure Framework for Sustainable Information Article 24 102-9 GHG removals in the value chain Environmental Protection
Article 25 102-10 Carbon credits Appendix I Table of ESG Key Performance
Article 11 Indicators in 2025
Article 26 GRI 103: Energy 2025
Article 12
Article 27 103-1 Energy policies and commitments
Article 13
Article 28 103-2 Energy consumption within the organization and self-
Article 14 generated energy
GRI 2：General Disclosure 2021
Article 15 Governance 103-4 Energy intensity
GRI 3：Material Issues 2021
Article 16 103-5 Reduction of energy consumption
Article 17 GRI 305: Emissions 2016
Article 18 305-6 Emissions of ozone-depleting substances (ODS)
Article 19 305-7 Nitrogen oxides (NOx) sulfur oxides (SOx) and other
significant air emissions
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The Guidelines GRI Standards Response Chapter The Guidelines GRI Standards Response Chapter
Section 2 Pollution Control and Ecosystem Protection Chapter IV Social Disclosure
Article 29 2-27 Compliance with laws and regulations Environmental Protection Section 1 Rural Revitalization and Social Contributions
Article 30 GRI 303: Water and Effluents 2018 Appendix I Table of ESG Key Performance
Indicators in 2025 Article 38 GRI 203：Indirect Economic Impacts 2016 Employee and Community Care
Article 31 GRI 101: Biodiversity 2024
101-1 Policies to halt and reverse biodiversity loss Appendix IV Environmental Emission and Article 39 203-1 Infrastructure investments and services supported Appendix I Table of ESG Key Performance Article 32 Permit Information for Key Environmental
101-2 Management of biodiversity impacts Article 40
Indicators in 2025
Article 33 Regulatory Units
101-4 Identification of biodiversity impacts
101-5 Locations with biodiversity impacts Section 2 Innovation-Driven Development and Ethics of Science and Technology
101-6 Direct drivers of biodiversity loss
Article 41 Not involved Quality Innovation and Development
101-7 Changes to the state of biodiversity
Article 42 Appendix I Table of ESG Key Performance
101-8 Ecosystem services
GRI 305: Emissions 2016 Article 43
Indicators in 2025
Science and technology ethics is not
GRI 306: Waste 2020 applicable and the disclosure subject
306-3 Waste generated does not engage in scientific research
technological development and other
306-4 Waste diverted from disposal activities in ethically sensitive fields such
306-5 Waste directed to disposal as life science and artificial Intelligence.
Section 3 Resource Utilization and Circular Economy Section 3 Suppliers and Customers
Article 34 GRI 301: Materials 2016 Environmental Protection Article 44 GRI 204: Procurement Practices 2016 Value Chain Management
Article 35 301-1 Materials used by weight or volume Value Chain Management Article 45 GRI 308: Supplier Environmental Assessment 2016 During the Reporting Period Easpring did
Article 36 301-2 Recycled input materials used Appendix I Table of ESG Key Performance Article 46 308-1 New suppliers that were screened using environmental
not have a balance of accounts payable
(including bills payable) exceeding 30
301-3 Reclaimed products and their packaging materials Indicators in 2025 criteria billion yuan or accounting for more than
GRI 103: Energy 2025 308-2 Negative environmental impacts in the supply chain and 50% of total assets. For details of
actions taken accounts payable please refer to the
103-1 Energy policies and commitments
GRI 414: Supplier Social Assessment 2016 Easpring 2025 annual report.
103-2 Energy consumption within the organization and self-
generated energy 414-1 New suppliers that were screened using social criteria
103-4 Energy intensity 414-2 Negative social impacts in the supply chain and actions
103-5 Reduction of energy consumption taken
GRI 303: Water and Effluents 2018 Article 47 GRI 416: Customer Health and Safety 2016 Value Chain Management
303-1 Interactions with water as a shared resource 416-1 Assessment of the health and safety impacts of product
303-2 Management of water discharge-related impacts and service categories
303-3 Water withdrawal 416-2 Incidents of non-compliance concerning the health and
303-4 Water discharge safety impacts of products and services
303-5 Water consumption GRI 417: Marketing and Labeling 2016
GRI 306: Waste 2020 417-1 Requirements for product and service information and
306-1 Waste generation and significant waste-related impacts labeling
306-2 Management of significant waste-related impacts 417-2 Incidents of non-compliance concerning product and service information and labeling
Article 48 GRI 418: Customer Privacy 2016 Governance
418-1 Substantiated complaints concerning breaches of
customer privacy and losses of customer data
173 174About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
The Guidelines GRI Standards Response Chapter The Guidelines GRI Standards Response Chapter
Section 4 Employees Chapter V Disclosure of Sustainability-Related Governance Information
Article 49 GRI 401: Employment 2016 Governance Section 1 Sustainability-Related Governance Mechanisms
Article 50 401-1 New employee hires and employee turnover Employee and Community Care
Article 51 GRI 1：Foundation 2021 Governance
401-2 Benefits provided to full-time employees that are not Appendix I Table of ESG Key Performance
provided to temporary or part-time employees Indicators in 2025 Article 52 2-29 Approach to stakeholder engagement
401-3 Parental leave Article 53 GRI 3：Material Topics 2021
GRI 403: Occupational Health and Safety 2018 3-1 Process to determine material topics
403-3 Occupational health services Section 2 Business Practices
403-5 Worker training on occupational health and safety
403-6 Promotion of worker health Article 54 GRI 205: Anti-corruption 2016 Governance
403-9 Work-related injuries Article 55 205-1 Operations assessed for risks related to corruption Appendix I Table of ESG Key Performance
Article 56 205-2 Communication and training about anti-corruption Indicators in 2025403-10 Work-related ill health policies and procedures
GRI 404: Training and Education 2016 205-3 Confirmed incidents of corruption and actions taken
404-1 Average hours of training per year per employee GRI 206：Anti-competitive Behavior 2016
404-2 Programs for upgrading employee skills and transition
assistance programs 206-1 Legal actions for anti-competitive behavior anti-trust and monopoly practices
404-3 Percentage of employees receiving regular performance
and career development reviews Chapter VI Supplementary Provisions and Interpretation
GRI 405: Diversity and Equal Opportunity 2016
Article 57 GRI 1：Foundation 2021 The Report has been strictly compiled in
405-1 Diversity of governance bodies and employees
Article 58 accordance with the Guidelines including
405-2 Ratio of basic salary and remuneration of women to men Appendices.
Article 59
GRI 406: Non-discrimination 2016
Article 60
406-1 Incidents of discrimination and corrective actions taken
Article 61
Article 62
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Appendix III Description for Proper Nouns' Abbreviation
Abbreviation Full Name Abbreviation Full Name
SAP System Applications and Products PDCA Plan Do Check and Act
MES Manufacturing Execution System APQP Advanced Product Quality Planning
SBTi Science Based Target Initiative FMEA Failure Mode and Effects Analysis
PCT Patent Cooperation Treaty CSRD Corporate Sustainability Reporting Directive
LIMS Laboratory Information Management System IPD Integrated Product Development
PLM Product Lifecycle Management RTO Regenerative Thermal Oxidizer
SRM Supplier Relationship Management VOCs Volatile Organic Compounds
CRM Client Relationship Management RoHS Restriction of Hazardous Substances
DCS Distributed Control System REACH Registration Evaluation Authorisation and Restriction of Chemicals
AI Artificial Intelligence PBBs Polybrominated biphenyls
BATCH Batch Processing PBDEs Polybrominated diphenyl ethers
WMS Warehouse Management System TMS Transportation Management System
WCS Warehouse Control System YMS Yard Management System
AGV Automated Guided Vehicle
IATF International Automotive Task Force
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Appendix III Description for Proper Nouns' Abbreviation(Cont.)
Abbreviation Full Name
RCI Responsible Critical Mineral Initiative
CCCMC China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters
CAHRA Conflict Affected and High Risk Areas
CIBF China International Battery Fair
OECD Organization for Economic Co-operation and Development
IDP Individual Development Plan
ILO International Labor Organization
CMRT Conflict Minerals Reporting Template
EMRT Extended Minerals Reporting Template
EHS Environment、Health and Safety
179 180About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
Appendix IV Key Pollutant-discharging Entities in 2025 and Ecological and
Environmental Permit Information
Types of Major Names of Major Average Discharges/Emiss Total Annual Upper Limit of Informatio
Company or Subsidiary Name Pollutants and Pollutants and Emission/ Number Distribution of Outlets ions Pollutant Discharges/ Emissions Discharges/E Total Annual n on Characteristic Characteristic Discharge Method of Outlets Concentration Standards（mg/L）Pollutants Pollutant missions（t）
Discharges/ Excess（mg/L） Emissions（t） Emissions
Jiangsu Easpring Material The Class III standard in Table 4 of the Integrated
Technology Co. Ltd. Water Pollutants COD Indirect Emission 1 Easpring Jiangsu 28.187 Wastewater Discharge Standard (GB8978-1996): 0.983 25.0739 None
500
The Class III standard in Table 4 of the Integrated
Water Pollutants NH3-N Indirect Emission 1 Easpring Jiangsu 12.455 Wastewater Discharge Standard (GB8978-1996): 0.403 3.7841 None
45
The Class III standard in Table 4 of the Integrated
Water Pollutants Total Nickel Indirect Emission 1 Easpring Jiangsu 0.161 Wastewater Discharge Standard (GB8978-1996): 0.009 0.172 None
0.5
Standard limit value in Table 2 of the Integrated
Atmospheric Pollutants Particulate Matter Organized Emission 13 Easpring Jiangsu 0.06 Emission Standard for Air Pollutants (GB 16297- 1.362 4.2164 None
1996): 20mg/Nm3
Easpring Technology (Changzhou) The standard limit value of the Integrated
New Materials Co. Ltd. Atmospheric Pollutants Particulate Matter Organized Emission 11 Easpring Changzhou 1.5 Emission Standard of Air Pollutants (DB32/4041- 2.5927 3.6799 None
2021):20
Water Pollutants COD Indirect Emission 1 Easpring Changzhou 107.4 Discharge Standard of Water Pollutants for Battery Industry (GB 39731-2020): 500 1.1379 5.3208 None
Water Pollutants NH -N Indirect Emission 1 Easpring Changzhou 3.25 Discharge Standard of Water Pollutants for 3 Battery Industry (GB 39731-2020): 45 0.0371 0.4637 None
Easpring SDIG (Panzhihua) New Emission Standard in Table 3 of Volatile Organic
Materials Co. Ltd. Atmospheric Pollutants VOCs Organized Emission 4 Easpring SDIG Panzhihua 15 Compounds for Stationary Sources (DB51/2377- 2.976 14.596 None
2017): 60mg/m3
Water Pollutants COD Indirect Emission 1 Easpring SDIG Panzhihua 12.451 Agreed Acceptance Standard of the Industrial Park Wastewater Treatment Plant: 150 1.094 20.832 None
Water Pollutants NH -N Indirect Emission 1 Easpring SDIG Panzhihua 0.626 Agreed Acceptance Standard of the Industrial 3 Park Wastewater Treatment Plant: 25 0.063 0.694 None
Standard limit value in Table 2 of the Integrated
Atmospheric Pollutants SO2 Organized Emission 9 Easpring SDIG Panzhihua 0.28 Emission Standard for Air Pollutants (GB 16297- 2.895 15.963 None
1996): 550mg/m3
Standard limit value in Table 2 of the Integrated
Atmospheric Pollutants NOx Organized Emission 9 Easpring SDIG Panzhihua 1.93 Emission Standard for Air Pollutants (GB 16297- 4.704 31.766 None
1996): 240mg/m3
Standard limit value in Table 2 of the Integrated
Atmospheric Pollutants Particulate Matter Organized Emission 9 Easpring SDIG Panzhihua 13.5 Emission Standard for Air Pollutants (GB 16297- 14.688 42.208 None
1996): 120mg/m3
181 182About Easpring Governance Quality Innovation and Development Environmental Protection Value Chain Management Employee and Community Care Appendix 2025 ESG Report
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