STOCK CODE 300499

ENVIRONMENTAL SOCIAL AND GOVERNANCE（ESG）

REPORT OF 2024

Manage Industrial Temperature

Guangzhou Goaland Energy Conservation Tech. Co. Ltd.Telephone number：020-66616242

Website：www.goaland.com.cn GUANGZHOU GOALAND ENERGY CONSERVATION TECH. CO. LTD.Address: No. 3 Nanyunwu Road Science City Huangpu District Guangzhou CityGuangzhou Goaland Energy Conservation Tech. Co. Ltd.ENVIRONMENTAL SOCIAL AND GOVERNANCE（ESG）REPORT OF 2024

ABOUT THIS REPORT

This Report adhering to the principles of objectivity standardization transparency and compre-

hensiveness aims to communicate Goaland's ESG concepts and practices to governments regulato- Working Together in Unity for

ry authorities shareholders investors employees customers suppliers partners local community

residents and other stakeholders. About Goaland Sharing Development Achievements

I. Important Notice Company Profile 01

The Company and all members of the Board of Directors guarantee that the information disclosed herein is true accurate Employee Rights Protection 22

and complete free from false records misleading statements or material omissions. Goaland 2024 03

Investor Rights Protection 29

II. Basis for Preparation

This Report is prepared in accordance with the requirements of relevant laws regulations and normative documents such Customer Rights Protection 30

as the Self-Regulatory Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation of

ChiNext Listed Companies the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange Sound Governance

and on the basis of the reality of the Company in fulfilling its corporate social responsibility. for Strengthening Foundation Supplier Rights Protection 33

III. Time Range

Creditor Rights Protection 35

This Report covers the period of time from January 1 2024 to December 31 2024 and to ensure the continuity and Corporate Governance 05

comparability of the preparation of this Report some content may extend beyond this time range.Public Welfare Initiatives 35

IV. Reporting Scope ESG Governance 08

Scope of consolidation of listed company.Risk Control and

V. Reference Standards Compliance Management 12

1. The Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda Green Development for Building

Practicing Business Ethics 13

2. Sustainability Reporting Standards (GRI Standards) issued by Global Sustainable Development Standards Board (GSSB) a Beautiful Environment

3. Self-Regulatory Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation of

ChiNext Listed Companies Improvement of Environ

Focusing on Core Business -mental Management 37

4. Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange — Sustainability Report (Trial)

for Building Industrial Pioneer

5. Corporate Sustainability Disclosure Standards – Basic Standards (Trial) issued by the Ministry of Finance Climate Change Response 39

VI. Data Source Focusing on Thermal Manage 14 41

The operational data in this Report comes from the annual report and other data comes from the Company's internal -ment Products and Services Promote Green Office Practices

documents and information statistics system.Supply Chain Security 18

VII. Report Acquisition

Occupational Health and

This Report is released in electronic form and can be accessed and downloaded at http://www.cninfo.com.cn the informa- Safety Production 19

tion disclosure website designated by the Shenzhen Stock Exchange.Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Mission Prospect Core Value

Focus on technology Drive energy-saving Innovation Efficiency

innovation & industrializa- technology development Coordination Self-improve-

tion of full scene thermal and focus on mankind ment

management sustainability

Thermal management of high-power electronic equipment (thermal management for UHVDC

Core transmission VSC AC power transmission and distribution high-power electric drive，medicaland big science); Thermal management of high-power density equipment (thermal manage-

Business ment for energy storage information and communication).Key Operational Priorities for the Company in 2025

About Goaland Manage Industrial Temperature In 2025 Goaland will steadfastly adhere to the "Three favorables" principle focusing on "technology innovation & indus-trialization of full scene thermal management". Aligning with the pulse of developing new quality productive forces the

Company will set sail at full speed toward higher goals continuing to write a brilliant chapter of high-quality growth.Company Profile

Consolidating Leading Advantages in Expanding Offshore and Overseas Markets

Traditional Sectors

The Company will increase R&D investment in marine

Founded in 2001 Guangzhou Goaland Energy Conservation Tech. Co. Ltd. (stock code: 300499 hereinafter referred to as In traditional core sectors such as thermal manage- technology and equipment to develop products and

the Company or Goaland) was listed on the ChiNext of Shenzhen Stock Exchange in February 2016. As one of the earliest ment for HVDC transmission the Company upholds a solutions that are better suited for marine environ-

domestic enterprises focusing on technical innovation and industrial application of thermal management Goaland has philosophy of meticulous refinement while closely ments establishing a comprehensive offshore

monitoring dynamic changes in customer demands. business layout. Simultaneously it will actively

been the witness and a driving force in the development of energy-saving technologies within emerging industries. Adhering to this market-oriented approach it will engage in overseas markets conducting in-depth

continuously optimize product design and service research on the needs of different countries and

With the mission of "Focus on technology innovation & industrialization of full scene thermal management" Goaland systems. Through technological innovation and regions. By building localized teams and fostering

process improvement the Company will comprehen- cultural integration the Company will expand its integrates the world-leading technologies concerning heat transmission sealing materials heat-conducting media fluid sively enhance product performance and quality overseas market presence leveraging high-quality

coupling automatic control intelligent diagnosis and energy efficiency management into the holistic solutions. Goaland's standards. Leveraging refined management practices products and services as the foundation to achieve

thermal management equipment utilizes high-efficiency energy-saving technology to dissipate excess heat precisely and it will effectively reduce the total lifecycle cost of synergistic growth in offshore and overseas markets.rapidly ensuring the equipment being cooled operates consistently within the optimal temperature range and thereby products further solidifying its strengths in traditional sectors and maintaining its leading position within the

significantly enhancing its performance and service life. As of now Goaland's products have been operating stably in over industry.

30 countries and regions across six continents.

At present the Company has 5 wholly-owned subsidiaries 3 holding subsidiaries 1 partnership enterprise and 1 partici- Driving Rapid Growth in Data Center

pating company. The main subsidiaries of the Company are described as follows: Growing Market Share in Grid-Side Energy Thermal Management

Storage Thermal Management

Goaland The Company will synergize efforts across multiple Precisely targeting the demands of grid-side energy dimensions including technological innovation

storage the Company will ramp up R&D efforts and market expansion and customer service to compre-

deepen collaborations with grid enterprises and hensively empower data center liquid cooling

research institutions. It is committed to providing products. With steady steps it aims to achieve

one-stop thermal management solutions for grid-side sustained and strong growth in the data center

energy storage driving scalable growth and gradually

Headquarters Yueyang Goaland Hunan Gaohan Goaland Innovation Lancon Lantian sector.increasing market share in this sector.in Guangzhou

Established in 2001 it Established in 2012 Established in 2016 it Established in 2020 it Established in 2021 it Lantian Established in

implements the group the manufacturing specializes in R&D specializes in R&D specializes in R&D 2021main business is

management structure base specializes in production and sales production and sales production and sales the research and Enhancing Aftermarket Share

with departments full-scenario liquid of thermal manage- of thermal of canned water development

including administration cooling products air ment products for the management pump. production and sales of To address the personalized needs of the aftermarket the Company will develop customized maintenance solutions to

finance human coolers refrigeration fields of big science products for data evaporative condensers ensure a high degree of compatibility between products and services. By continuously building a technically proficient and

resources marketing units and pipeline big healthcare centers. and cooling equipment. responsive after-sales team it will provide value-added services to customers enhance customer loyalty and steadily

technology engineering products. industry. increase the Company's market share in the maintenance sector.R&D and laboratories.-01- -02-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Goaland 2024

Goaland's Awards and Honors in 2024

S/N Awardee Awards and Honors

1 Goaland The 25th China Patent Award

2024 Company Events MEMORABILIA 2 Goaland Re-certification of High-tech Enterprise

3 Goaland Outstanding Established Unit of Guangzhou Academician-Expert Workstations

7 July 4 Goaland Guangzhou's Key Platforms for "DNIG" Empowerment

1 January 5 Goaland Guangzhou Cleaner Production Enterprise

One of the Company's subsidiaries' "Data Center Modular

Immersion Liquid Cooling Equipment" was successfully 6 Goaland Re-accreditation of CNAS Laboratories CertificationThe Company successfully passed the certifications of International

Welding Quality System and EU Railway Welding System included in the "Guangzhou City Green Technology Promotion 7 Goaland Guangdong Province's Demonstration Enterprise of Service-Oriented Manufacturing

The core technologies of the Company's three technological achieve- Catalogue" 8 Goaland Guangzhou Academician-Expert Workstations (Ongoing Development)

ments were identified to have reached the international advanced level

The company was selected as a 2023 Typical Case of Quality Improve- 9 Goaland Guangdong Provincial Industrial Design Center

ment in the Industry and Information Technology Sector 8 August Guangdong Mechanical Engineering Society's Science and Technology Award (Second Class)

10 Goaland (Key Technologies Research for High-Reliability Large-Capacity Integrated Thermal Management Systems in Energy

Storage Power Stations and Their Applications)

Two of the Company's cutting-edge scientific and technologi-

March cal achievements were appraised to have reached the Guangdong Machinery Industry Science and Technology Award (Third Class)3 11 Goaland

international leading level and the international advanced (Research Development and Industrialization of Liquid Cooling Systems for Distributed Energy Storage Power

Stations)

level respectively.One of the Company's subsidiaries obtained the certification of 12 Goaland Member of the 9th Council of Guangdong Mechanical Engineering Society

Hightech Enterprise

One of the Company's subsidiaries was awarded the title of "2023 13 Goaland Member of the 9th Council of Guangzhou Mechanical and Electrical Engineering Association

ODCC Excellent Member Unit" by the China Communications Standards 9 September 14 Goaland Top 100 Growth-Oriented Projects of the 2024 Guangdong-Hong Kong-Macao Greater Bay Area High-Value Patent Cultivation and Strategic Layout Competition

Association

15 Goaland

The Company was awarded the title of Guangdong Provincial Industrial The Company was successfully selected as a "Service-Orient- Passed the Review of National-Level in the Specialized Refined Unique and Innovative "Little Giant" Enterprise

Design Center ed Manufacturing Demonstration Enterprise of Guangdong 16 Goaland Three technological achievements have reached the international leading level and three advanced level

Province"

17 Lancon Innovation-Oriented SMEs Medal Awarded by the SHEITC

April 18 LantianOctober Recognized as a Member of the Yixing City Engineering Technology Research Center in 20244 10

19 Lantian Recognized as a Technology-Based Small and Medium-sized Enterprise (SME) in Jiangsu Province in 2024

One of the Company's subsidiaries was invited to attend the 2024 Data One of the Company's subsidiaries was invited to participate in 20 Yueyang Goaland "Yueyang City 2023 Civilized Unit" by the Yueyang City Spiritual Civilization Construction Steering Committee

Center Cooling Summit Forum the Transform Conference 2024

The Company was awarded the 2023 Guangdong Machinery Industry 21 Yueyang Goaland Awarded the Title of "Outstanding Private Enterprise" by Yueyang Municipal People's Government

Science and Technology Award 22 Yueyang Goaland Standing Council Member Unit of the Yueyang Advanced Equipment Manufacturing Industry-Education Consortium

11 November 23 Yueyang Goaland Council Member Unit of the Energy Conservation Environmental Protection and Petrochemical Equipment Industrial Chain Party Building Alliance in Yueyang City

5 May 24 Goaland Innovation Guangdong Mechanical Engineering Society's Science and Technology Award (Third Class)One of the Company's subsidiaries became a founding

member of Guangzhou Huangpu District Intelligent Comput- 25 Goaland Innovation (Key Technologies and Applications of Immersion Data Center Liquid Cooling Equipment)

The Company's thermal management laboratory passed the CNAS ing Ecosystem Alliance 26 Goaland Innovation

laboratory re-certification Guangzhou City "Seed Unicorn" Enterprise

27 Goaland Innovation Immersion liquid cooling technology for data centers has been selected for the 《National Key Promotion of Low Carbon Technology Catalog》

12 December 28 Goaland Innovation Guangzhou Green Technology Promotion Catalogue – Data Center Modular Immersion Liquid Cooling Equipment

6 June 29 Goaland Innovation 2024 "Maker Guangdong" Competition Top 100

One of the Company's subsidiaries was listed on the "2024

30 Goaland Innovation Certified with the First Batch of Taier Certification – CDU320-WW-C Goaland "Submerged Flow" Cold Plate Liquid Several core technologies of the Company's technological achievements Discovering Guangzhou's Unicorn Innovative Enterprise" Cooling Product

were identified to have reached the international leading level. Two of the Company's products were awarded the title of 31 Goaland Innovation The 13th China Innovation and Entrepreneurship Competition (Guangdong Division) & 12th "Pearl River Angel Cup" Technological Innovation and Entrepreneurship Competition in 2024 (Third Class)

"Famous High-Tech Product of Guangdong Province"

Note 1. "Yueyang Goaland" refers to "Yueyang Goaland Energy Conservation Equipment Manufacturing Co. Ltd." which is Goaland's subsidiary.

2. "Lancon" refers to "Lancon Pump Industry (Shanghai) Co. Ltd." which is Goaland's subsidiary.

3. "Lantian" refers to "Jiangsu Lantian Heat Transfer Technology Co. Ltd." which is Goaland's subsidiary

-03- 4. "Goaland Innovation" refers to "Guangzhou Goaland Innovation Technology Co. Ltd." it's also a subsidiary of Goaland. -04-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Strategy and Sustainable Formulates long-term development strategies and major investment decisions strengthens the

Section I Sound Governance for Development Committee capability for sustainable development and provides recommendations to the Board of Directors.01 Strengthening Foundation

Nomination Committee To be responsible for the formulation of selection criteria and procedures for directors and senior

management and the selection and review of directors and senior management and their qualifica-

tions.During the reporting period the Company strictly complied with the

Governance Company Law of the People's Republic of China the Securities Law of the (1)Reviews and examines remuneration policies and plans for directors and senior management;

People's Republic of China the Corporate Governance Guidelines for Remuneration and

Listed Companies the Rules Governing the Listing of Shares on the Appraisal Committee (2)Formulates or amends equity incentive plans and employee stock ownership plans and determines

ChiNext Market of Shenzhen Stock Exchange the Self-Regulatory Guide- the eligibility criteria for beneficiaries to receive and exercise their rights;

lines No. 2 for Companies Listed on Shenzhen Stock Exchange —

Goaland's Governance Structure Standardized Operation of ChiNext Listed Companies and other laws and

regulations and relevant provisions operated under a governance

structure composed of the shareholders' meeting the board of directors 1) Proposes the appointment or replacement of external auditors

Shareholders' Meeting The Board of the board of supervisors and the management established a relatively Supervisors 2) Oversees the internal audit system and its implementationcomplete governance system based on the Articles of Association Rules of

Procedure for Shareholders' Meetings Rules of Procedure for the Board Audit Committee 3) Be responsible for the communication between internal and external auditors

Meetings Rules of Procedure for the Supervisory Board Meetings includ- 4) Reviews the financial information

The Board of Directors ing a series of standardized regulations; Defined the responsibilities 5) Examines the internal control systems and audits of material related-party transactions.authority procedures and obligations of the shareholders' meeting the

board of directors the board of supervisors and the management in Times of board meetings Actual times of board

decision-making implementation and supervision and formed a gover- Name Title Gender Age Professional committees to be attended meetings to beattended

nance structure with scientific division of labor among the power organs

Audit Strategy and Sremuneration Nomination decision-making organs operating organs and supervisory organs and Strategy Committee

Committee Sustainable and appraisal Committee 53 7 7effective checks and balances to ensure that each of these institutions and Li Qi Chairman Male Nomination Committee

Development committee personnel can exercise their rights and perform their duties in accordance

Committee Guan Shengli Director Male 48 Strategy Committee 7 7with institutional norms.Fang Shuiping Director Male 55 Remuneration and Appraisal Committee Audit Committee 7 7

Independent Strategy Committee

Operation of the Three Boards and Management Composition Li Zhiguo Director Male 56 Remuneration and Appraisal Committee 7 7

Independent

Song Xiaoning Male 43 Audit CommitteeDirector Nomination Committee 7 7

Remuneration and Appraisal Committee

Liang Danni Independent Female 48 Nomination Committee 7 7

On Shareholders and Shareholders' Meetings Director Audit Committee

In 2024 the Company organized 7 board meetings during which 33 proposals were deliberated; A total of 10 meetings of special

The Company strictly regulates the convening holding and voting procedures of shareholders' meetings in accordance with the Company Law of committees under the Board of Directors were convened including 1 meeting of the Strategy Committee 1 meeting of the Remuner-

the People's Republic of China Rules for the Shareholders′ Meetings of Listed Companies Articles of Association Rules of Procedure for ation and Appraisal Committee 6 meetings of the Audit Committee and 2 meetings of the Nomination Committee during which 22

Shareholders' Meetings and other laws regulations and systems to ensure that all shareholders enjoy equal status equal rights and undertake proposals were deliberated.corresponding obligations so that small and medium investors can fully exercise their rights.During the reporting period the shareholders' meetings held by the Company did not violate the Rules for Shareholders' Meetings of Listed

Companies and all shareholders' meetings were convened by the Board of Directors. The qualifications of the personnel attending the sharehold-

ers' meetings and the convening and voting procedures of the shareholders' meetings were legal and in the meantime lawyers were hired to Diversity and Independence of the Board of Directors

witness the shareholders' meetings and issue legal opinions.In 2024 the Company organized four shareholders' meetings during which 13 proposals were deliberated including one annual general meeting Maintaining the independence and diversity of members of the Board of Directors not only helps ensure the objectivity and fairness of

and three extraordinary general meetings. decision-making but also provides diverse perspectives and experiential support for the formulation and implementation of corporate

strategies Therefore the Company strictly complies with all relevant laws regulations and governance guidelines and maintains an

independent director ratio that substantially surpasses regulatory thresholds.On Directors and the Board of Directors

Currently independent directors constitute half of the Company's Board of Directors comprising experts from various professional fields

The Board of Directors of the Company is composed of 6 directors including 3 independent directors and 1 employee representative director. All such as law and finance. Independent directors can further enhance the Board of Directors' analytical capabilities and decision-making

directors perform their duties diligently and responsibly in accordance with the Self-Regulatory Guidelines No. 2 for Companies Listed on efficiency regarding complex issues. Additionally in order to mitigate potential conflicts of interest independent directors are barred from

Shenzhen Stock Exchange — Standardized Operation of ChiNext Listed Companies Rules of Procedure for the Board Meetings Work System of participating in corporate operational management or holding significant shares in the Company during their tenure thereby ensuring

Independent Directors and other provisions. In addition all directors actively participate in relevant training familiarize with relevant laws and they can perform their supervisory duties from an independent and objective perspective.regulations and effectively improve their abilities to perform their duties. Additionally we provide independent directors with sufficient resources and support including arranging in-depth communication

The Board of Directors of the Company has four special committees including Strategy and Sustainable Development Committee Remuneration between independent directors and the management of the Company. These initiatives enable independent directors to gain a compre-

and Appraisal Committee Audit Committee and Nomination Committee and formulated corresponding rules of procedure in accordance with hensive understanding of the Company's challenges and opportunities in ESG matters thereby facilitating long-term value creation.the requirements of the Self-Regulatory Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation of

ChiNext Listed Companies. Specialized Committees exercise the following functions: By continuously enhancing the independence of the Board of Directors the Company is committed to building a transparent and

accountable governance system that creates shared value for stakeholders.-05- -06-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

The Company actively organizes Directors Supervisors and Senior Management to participate in

Training for Directors ESG Governance

Supervisors and training aiming to enhance their awareness of legality and compliance and improve their ability to

Senior Management perform their duties. During the period of the Report the Directors Supervisors and Senior

Management of the Company attended a total of 7 training sessions involving 20 participants.ESG Governance Objectives

Goaland upholds its corporate vision of "Drive energy-saving technology development and focus on mankind sustainability" and places great

On Supervisors and the Board of Supervisors emphasis on integrating ESG management concepts into its strategic framework continuously refining ESG management mechanisms and

defining clear ESG objectives. While ensuring the achievement of the Company's operational goals efforts are made to enhance the level of ESG

management proactively address stakeholder expectations create long-term societal value and safeguard the Company's sustainable and

The Board of Supervisors consists of 3 supervisors including 1 employee representative supervisor and 2 female supervisors. All supervisors are high-quality development.able to conscientiously perform their duties in accordance with the requirements of the Articles of Association and Rules of Procedure for the

Supervisory Board Meetings and effectively supervise the major matters and financial status of the Company as well as the legality and compli-

ance of directors and senior management in performing their duties.Governance

In 2024 the Company organized a total of 6 supervisor meetings during which 14 proposals were deliberated.Strategic Direction Medium-Term Objectives Corresponding United Nations Issues

Composition of Senior Management

Elevate corporate sustainable Establish a sound ESG governance system

As of the date of this Report the Company has 2 senior executives. development management

The daily operations are conducted by senior executives. The management team possesses extensive industry background and professional

management experience laying a solid foundation for the sustainable development of the Company. Strengthen communication and engagement with Effectively manage stakeholders investors，suppliers customers creditorscommunication and engagement and other stakeholders

Remuneration Management for Directors Supervisors and Senior Management Strengthen business ethics awareness and training；Adhere to compliant operations and Strictly fulfill the information disclosure

ensure effective risk management

obligations of listed companies

Complying with the Labor Law of the People's Republic of China other relevant laws and regulations and the provisions of the Articles of

Association and the Rules of Procedure of the Remuneration and Appraisal Committee the Remuneration and Appraisal Committee of the

Board of Directors of Goaland formulates remuneration plans for the directors supervisors and senior management while taking into account Enhance Goaland's resource utilization Adhere to energy and water conservation in production

the remuneration levels of peers in the domestic listed companies of the same industry and in conjunction with Goaland's actual operational efficiency and build a resource-saving enterprise Reduce unnecessary material consumptionconditions and conducts annual appraisals. Reduce resource waste in daily office operations

In April 2025 the second meeting of the Fifth Remuneration and Appraisal Committee of the Board of Directors reviewed the Proposal on 2024

Remuneration for Directors and Senior Management of the Company deliberating on whether their compensation complies with the approved

standards. The remuneration for the directors and senior management in 2024 fully complied with the remuneration standards.Social

（1）Evaluation and assessment procedures for directors and senior management by the Remuneration and Appraisal Committee

Strategic Direction Medium-Term Objectives Corresponding United Nations Issues

* The directors and senior management submit work reports and self-assessments to the Remuneration and Appraisal Committee of the Board

of Directors.Strengthen the internal safety management system

* The Remuneration and Appraisal Committee evaluates directors and senior management in accordance with established performance criteria Prioritize safety management Adhere to employee safety training and education

and procedures. Ensure employees' occupational safety and health

* In accordance with position-based performance evaluation results and established compensation policies the remuneration amounts and

incentive methods for directors and senior management are proposed and upon approval by vote they are reported to the Company's Board Establish a more robust remuneration system

of Directors. Continuously enhance employee Establish a diverse benefits system

remuneration and benefits Adopt diverse remuneration incentive policies

（2）Basis for Remuneration Determination （3）Performance Evaluation and Incentive-Constraint Mechanism

Enhance the employee promotion system

The remuneration for Goaland's senior management comprises Goaland has established perfect fair and transparent performance Prioritize employee development Continuously conduct career development training for

basic remuneration and performance-based remuneration. The appraisal standards and incentive and restraint mechanisms for senior and training employees

former is determined by factors such as position nature and management fully mobilizing the enthusiasm of the Company's

role-specific performance while the latter is contingent on job management and core business personnel and promoting the stable

performance duty fulfillment achievement of targeted responsi- and healthy development of the Company. The remuneration of

bilities and the Goaland's operational results. management is tied to corporate business performance targets. The Continuously invest in social Continuously carry out community support activities

appointment of senior management is open transparent and welfare and public benefit Continuously carry out employee mutual assistance

complies with relevant laws and regulations.-07- -08-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Environmental and ecological protection Material Issues Identification

Issue In 2024 Goaland conducted the identification of sustainable development issues as well as the materiality

Corresponding United Identification assessment and screening of these issues. The report provides corresponding disclosures and responses Strategic Direction Medium-Term Objectives Nations Issues regarding the management and performance of the 27 identified issues.Continuously develop more energy-efficient and

Research develop and produce Issue During the assessment phase Goaland invited stakeholders to complete a questionnaire on the materiality of environmentally friendly products

Evaluation the issues and combined it with internal employees’ assessments of the materiality of the issues to develop a energy-efficient products Continuously produce energy-efficient and environ- two-dimensional evaluation of the issues’ materiality.mentally friendly products and bring them to market

Issue During the screening phase Goaland constructed a materiality analysis matrix based on the results of the issue

Save energy and resources in the production process evaluation to prioritize the issues according to their materiality. For high-materiality issues the Report provides

Save energy and resources Screening

Save energy and resources in daily office operations prioritized disclosures and in-depth analysis.Research develop and produce products with lower

Reduce pollutants and pollutants and carbon emissions

carbon emissions Reduce pollutants and carbon emissions in the

production process

Communication with Stakeholders

Goaland places great emphasis on communication with stakeholders fully respects their legitimate rights and interests by designing diverse and

efficient communication channels tailored to the unique needs of different stakeholders in order to proactively understand and actively respond to

the concerns and demands of stakeholders while protecting the right to know of all stakeholders.Strategic Direction Strategic Direction Strategic Direction

Government and Corporate Governance Compliance and Risk Manage-

Supervision and inspection visits and receptions ment Philanthropy & Public Welfare Rural Revitalization

Regulatory and policy promulgation and implementation Collaborative Industry Advancement Anti-Unfair Compe-

Authorities tition Pollutant Emissions and Waste Management

Shareholders Shareholders' Meeting Performance Briefing Corporate Governance Intellectual Property Manage-

Information Disclosure Strategy Meeting ment Investor Relations Management Anti-Bribery and and Investors Anti-Corruption

High Materiality to Goaland's Sustainable Development very high

Employees Employee Activities Employee Training Employ- Employee Rights Protection Occupational Health and

ee Performance Appraisal Safety Talent Development Core issues Important issue General Issues

?.Governance ?.Investor Relations Management ??.Training and Career Development ??.Due Diligence

Customers Cooperative Transactions Customer Communi-

Product Safety and Quality Data Security and Customer

cation and Service Privacy Customer Service ?.Employee Rights Protection ?.Compliance and Risk Control ??.Pollutant Emissions ??.Communication with

?.Safety and Quality of Products ?.Tax Management ??.Waste Management

Stakeholders

and Services ??.Safety Production Management ??.Environmental Compliance ??.Anti-Unfair Competition

Suppliers Cooperative Transactions Daily Communication

Data Security and Supplier Privacy Management ??.Philanthropy & Public

?.Data Security and Customer ??.Occupational Health

Privacy Protection ??.Water Resource Utilization Welfare??.Supply Chain Security

??.Energy Utilization

Local Environmental Compliance Management Community

??.Rural Revitalization

?.Customer Service ??.Sustainable Product

Daily Communication Contribution Rural Revitalization Philanthropy & Public

Communities ?.Intellectual Property ??.Innovation-Driven Development ??.Ecosystem and Biodiversity

??.Circular Economy

Welfare Conservation

Management ??.Anti-Commercial Bribery and ??.Collaborative Industry

Talent Collaboration Program Internship and ??.Climate Change Addressing Anti-corruption Advancement

Academic Training for Current Students Establishment of Innovation-Driven Development Intellectual Property

Institutions Scholarships and Donations Daily Communica- Management Philanthropy & Public Welfare

??.Equal Treatment of Small and ??.Community Contribution

tion Medium-Sized Enterprises (SMEs) ??.Technology Ethics

-09--10-

very high Materiality to StakeholdersGuangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

ESG Governance Framework

Goaland has established a robust ESG management system and is actively implementing ESG management initiatives to promote its long-term Risk Control and Compliance Management

sustainable development. To promote the standardization of Goaland's ESG development and enhance the importance of sustainability issues in

strategic decision-making Goaland has established the Strategy and Sustainable Development Committee of the Board of Directors with a Sustain-

ability Leadership Task Force formed to drive the ESG governance efforts.Goaland integrates risk management comprehensively into its daily operations and has established internal management and control systems

covering organizational structure human resources workplace safety fund management procurement operations asset management sales

Board of Directors operations engineering projects contract management guarantee services foreign investments related-party transactions information disclo-sure and other areas thereby ensuring that all operations are conducted in accordance with established rules and forming a standardized

management system.Strategy and Sustainable Development Committee Goaland adheres to the principles of comprehensiveness soundness independence and materiality in implementing enterprise-wide risk

management establishing compliance and risk management teams across its business segments/centers. The Risk Management Team is

responsible for identifying and assessing enterprise-wide risks within their respective business segments/centers developing risk mitigation

ESG Management Team measures and establishing a risk management system with coordinated collaboration across all management levels and business segments.Internal Oversight and Control

ESG Executive Team ESG Specialists in Each Department

01 Goaland adheres to the principle of “being risk-oriented and compliance-focused” continuously identifying and examining weaknesses in internal controls and potential risks in business operations from a risk manage-Integrated Command and Coordination

Overall ment perspective while it conducts standardized management benchmarking exercises and quarterly summa-ries of key businesses major projects and central management to establish a bottom-up self-monitoring

Oversight

Architecture Overview mechanism.Decision-making Level The Board of Directors establishes an Audit Committee under whose oversight the Audit Department

Strategy and Sustainable As the highest responsible body and decision-making authority for ESG matters it is tasked with defining the independently perform auditing functions while reporting to and being accountable to the Committee.Development Committee strategic direction for sustainable development overseeing and guiding the implementation of ESG initiatives The Audit Department in accordance with the Internal Audit Management System monitors daily operations

of the Board of Directors. and ensuring the effective and seamless execution of ESG management practices. Members of the Strategy and 02 across relevant business processes evaluates and reviews internal controls promptly communicates with Sustainable Development Committee of the Board of Directors possess extensive educational backgrounds responsibility centers to address audit-identified issues implements rectification measures establishes timelines

professional experience and academic achievements in finance accounting law and other fields enabling them Audit for improvements and conducts subsequent checks to ensure audit closure.to effectively discharge their duties as committee members. Oversight

During the reporting period the Audit Department conducted internal control inspections as planned encom-

passing internal control self-assessments and external audits by accounting firms and regularly reported audit

Management findings to the Audit Committee of the Board of Directors and the management disclosed the annual internal

Led by Goaland's General Manager and Secretary of the Board of Directors it is responsible for translating the control assessment report and effectively mitigated risks to support the steady growth.ESG Management Team guidelines formulated by the Strategy and Sustainable Development Committee of the Board of Directors into

detailed plans developing specific implementation schemes assigning tasks and monitoring the progress of

their execution. ESG Management Team regularly reports to the Strategy and Sustainable Development Commit- 03

tee of the Board of Directors. Compliance Goaland continuously offers compliance training empowerment courses with a total duration of 18 hours delivered through online learning on the Goaland Academy platform and followed by post-class tests to

Awareness strengthen employees' compliance awareness Additionally employees in key positions sign compliance

Training commitment letters.Executive Level

ESG Working Group and

ESG Working Group oversees the ESG initiatives at the corporate level while ESG specialists in each department

ESG Specialists in drive the implementation of initiatives within their respective departments. The outcomes of their execution are

Each Department then reported back and evaluated by senior ESG management for validation and approval.Tax Management

Goaland strictly complies with tax laws and regulations and consistently adheres to the principles of lawful and good-faith tax

compliance. The total tax payment for 2024 amounted to RMB 33.98 million.-11- -12-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Practicing Business Ethics 02 Focusing on Core Business for Building Industrial Pioneer

Anti-Corruption Management

Goaland strictly complies with anti-corruption and anti-bribery laws and standards by aligning with international initiatives such as the United

Nations Convention against Corruption and the Business Principles for Countering Bribery and establishes relevant institutional documents Focusing on Thermal Management Products and Services

including the Regulations on Business Conduct and Ethics to manage anti-commercial bribery and anti-corruption matters. The regulations

stipulate that no employee may directly or indirectly derive financial interests from other business entities through relationships with their spouse

or other family members. The regulations standardize the exchange of gifts between employees and stakeholders to prevent bribery and corrupt

practices.Commit to R&D and Innovation

Anti-Corruption Management System

Goaland attaches great importance to the construction of business ethics. Goaland's senior management actively and comprehensively partici- Over the years the Company has steadfastly pursued the road of scientific and technological innovation attaching great importance to product

pate in the oversight of business ethics successfully establishing a comprehensive supervision and management system. In addition Goaland development and technological innovation with a focus on the improvement of the enterprise's independent innovation capability. Innovation

has established a robust supplier evaluation and monitoring mechanism encompassing qualification performance supervision and risk has become the primary driving force behind Goaland's development and one of its core competencies. As a leading provider in the field of

management effectively ensuring the compliance and reliability of its supply chain. industrial thermal management the Company is dedicated to offering professional energy-saving products and comprehensive solutions to

global customers striving to be a pioneer in the application of new energy and energy-saving technologies.Establish and implement internal Establish a monitoring mechanism

management systems Efficient R&D System

Goaland has established and strengthened the internal Goaland has established internal anti-corruption supervision and Based on independent R&D and continuous innovation the Company has established a sound management system for R&D transformation

anti-corruption and anti-commercial bribery systems reporting channels to strengthen oversight across business areas and industrialization of achievements and formulated and strictly enforced regulations such as the "R&D Management Measures" "R&D Funding

optimized financial processes to prevent and detect potential conduct investigations based on reports and hold employees account- Management Measures" "Intellectual Property Management System" and "Scientific Research Achievement Reward Measures." We have

non-compliant behaviors organized both online and offline able for violating business ethics in accordance with management established the Goaland Energy Conservation Institute dedicated to tackling key technologies in industrial thermal management conducting

anti-corruption and anti-fraud training courses to enhance policies. fundamental research in R&D innovation and energy efficiency management as well as developing new products and testing them. Over the

employees' ethical awareness and legal consciousness. past three years the Research Institute has collaborated with renowned institutions both domestically and internationally including the Guang-

zhou Institute of Energy Conversion Chinese Academy of Sciences City University of Hong Kong Institute of Intelligent Manufacturing GDAS

South China University of Technology and Guangdong University of Technology engaging in industry-university-research collaboration in areas

including power electronics energy storage and data centers. This robust research capability coupled with continuous innovation fuels the

Manage the qualifications of upstream Protect customer and business information Company's development.and downstream business partners

In 2024 the Company continued to increase its R&D investment enhancing the core competitiveness of products and expediting the develop-

Goaland strengthens its assessment and management of Goaland respects the rights and interests of its customers and business ment of new products and technologies including liquid cooling for offshore VSC-HVDC transmission liquid cooling for data centers and air

customers and suppliers develops relevant management partners adheres to the principles of honesty and integrity refrains

measures tailored to partners and conducts reviews of the coolers with annual R&D investment reaching RMB [ ] million constituting [ ] of the annual revenue.from obtaining business opportunities or benefits through improper

qualifications and creditworthiness of newly onboarded and means and places a strong emphasis on the quality and safety of its

existing companies. products and services.High-Caliber R&D Team

Upon establishing cooperation and onboarding Goaland signs an

Integrity Agreement with suppliers which requires suppliers to comply The Company boasts an R&D team led by Academician Li Licheng of the Chinese Academy of Engineering. The team is comprised of professors

with Goaland's established anti-corruption compliance regulations. In

2024 all qualified suppliers of Goaland signed the Integrity Agreement. from different universities serving as technical advisors along with senior engineers and PhDs from various disciplines forming the core. The

Company has established a career platform tailored to the individual need of its talent and has formulated a competitive remuneration and

incentive scheme. These efforts provide a favorable development platform for technical talent and thus ensure the stability and technical

Anti-Unfair Competition continuity of the R&D team.In daily operations Goaland strictly complies with the Anti-Monopoly Law of the People's Republic of China the Anti-Unfair Competition Law of · As of December 31 2024

the People's Republic of China and the Civil Code of the People's Republic of China and other relevant laws and regulations against monopoly

and unfair competition as well as the Company's business conduct standards. By upholding the principles of fairness impartiality and win-win

cooperation Goaland fosters a fair and competitive business environment proactively identifies prevents and addresses risks of monopoly and R&D personnel Total workforce As of December 31 2024 the Company has 177 R&D personnel accounting for 22% of the

unfair competition in the market and remains steadfastly committed to earning customer trust through orderly competition and offering total workforce including 9 senior engineers and 2 PhD holders. Going forward the Compa-

high-quality and reliable services. Additionally Goaland requires its partners to adhere to principles of fair competition and integrity in business 177 22% ny will continue to recruit more personnel with advanced degrees or senior professionals

operations refrain from any actions that harm fair competition or violate antitrust laws actively engage in antitrust and fair competition risk and to implement diverse incentive measures to attract and retain talent for a multifaceted

management and implement antitrust and fair competition compliance programs. Goaland effectively identifies and objectively evaluates senior engineers PhD holders complete professional R&D team.customer requirements provides services to customers based on business integrity and refrains from engaging in malicious competition

through unfair practices. The Audit Department participates in procurement bid supervision to form a closed-loop supervision and management

mechanism governs the conduct of tenderers bidders bid evaluation experts and other participants and guides Goaland its employees 9 2

customers suppliers and other stakeholders to operate with integrity and fairness and engage in fair competition.-13- -14-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Leveraging outstanding research capabilities the Company has undertaken 20 national provincial and municipal-level vertical and horizontal

scientific research projects including the National Torch Program and Guangdong Province’s Major Programs. Through continuous innovation

In 2024 the Company's technical representatives participated in multiple and R&D it has received 36 science and technology awards at national provincial and municipal levels. In the future the Company will intensify

high-profile forums related to data centers. Guided by the philosophy of "Green & its efforts in researching industry-forward and core key technologies aligning closely with national major projects.Low-Carbon Development with Innovation-Driven Growth" the Company contin-

ued to explore cutting-edge technologies. To create standardized products for all

scenarios the Company proposed a series of solutions aimed at meeting needs

across different stages times and spaces. The ideas and solutions put forward by In November 2024 the Company was invited to become a member of the "Guangzhou

the Company garnered widespread recognition from attending experts. Huangpu District Intelligent Computing Ecosystem Alliance." Moving forward the Company

will continue to deepen the application and development of liquid cooling technology in

data centers safeguarding green computing power and continuously promoting the deep

integration of digital technology with the real economy.In 2024 the Company was invited to participate in several international exhibitions

including the Data Centre World Asia. At these events the Company showcased its

liquid cooling products and shared application experiences of large-scale liquid

cooling systems.Create Green Products

As an expert at industrial thermal management in the field of data centers the

Company will continue to collaborate with industry experts to discuss experi-

ence-based solutions and share scientific research achievements striving tirelessly With 24 years of experience in the field of power electronics thermal management equipment the Company not only focuses on technological

to promote the innovative development of liquid cooling solutions. The Company innovation but also actively leads the coordinated development of the upstream and downstream industrial chains. Through close collaboration

remains committed to the philosophy of "Green & Low-Carbon Development with with upstream suppliers of valves pipelines filter elements and other components the Company facilitates technological upgrades in raw

Innovation-Driven Growth" and will persistently explore cutting-edge technolo- materials strives to enhance raw material utilization or adopts green materials and minimizes the use of toxic and hazardous substances and at

gies to help the industry's low-carbon transformation and draw a bright future of the same time provides safe reliable and energy-efficient thermal management solutions for downstream high-power power electronics

intelligent cooling. equipment and high-power density equipment.With the further implementation of national policies related to HVDC transmission high-power electric drives new energy storage green data

centers and other industries the Company is continuously expanding and refining its industrial layout. Leveraging advanced technology and

Industry-Leading Experimental Platforms innovative thermal management products the Company provides customers with reliable and sustainable energy solutions promoting the

green and low-carbon transition of the energy sector.The Company has established various laboratories including water

quality analysis labs high and low-temperature test labs salt spray

testing labs vibration testing labs environmental simulation labs wind High-Power Power Electronics Thermal Management Equipment

tunnel labs thermal load testing labs control and protection technology

labs and materials characterization labs. These facilities are used to

simulate and study the technical requirements of thermal management

equipment under different operating conditions and help determine HVDC transmission technology currently represents the most To better facilitate the development of green energy transmis-

design standards and provide technical support for thermal management advanced and energy-efficient method of power transmis- sion solutions the Company has pioneered the independent

equipment in different environments even under extreme conditions. sion and transformation globally and it is a pivotal technology innovation and industrial-scale deployment of closed-loop

that China is actively developing. HVDC transmission water cooling technology bridging a domestic technology

facilitates long-distance power transmission with reduced line gap and addressing the challenge of reliable heat dissipation

High-Quality Technological Achievements losses effectively harnesses abundant resources in for converter valves under conditions of high voltage strong

geographically disadvantaged regions propels the energy electric fields severe interference and high heat flux density.revolution fosters a green economic growth and enhances Simultaneously the Company has developed expertise in the

National Enterprise National Specialized Refined 364 authorized patents and 145 software copyrights energy utilization efficiency while effectively protecting the R&D and in-house production of core components including

Technology Center Unique and Innovative environment. Liquid cooling technology is not only superior to control systems pumps and radiators with numerous

"Little Giant" Enterprise 74 223 67 traditional cooling methods in terms of energy consumption technologies reaching international advanced and leading water consumption and environmental adaptability but also levels. This breakthrough eliminates dependence on imported

Invention Patents Utility Model Patents Design Patents has advantages in equipment reliability stability and solving products for core components of thermal management

National "Single National Intellectual high heat flux density heat transfer making it the foundation equipment realizing the localization of cooling equipment for

Champion Demonstration Property Demonstration Participating in drafting and revision of standards for the stable operation of HVDC transmission. power electronic devices.Enterprise" Enterprise 9 8 27

National Standards Industry Standards Group Standards The Company has been involved in numerous domestic and international HVDC transmission projects with its

National Green Factory National CNAS Laboratory products being utilized in power construction projects in China including Changji Rudong the Central China Power

Appraisal of technological achievements Corridor and Baihetan as well as pivotal HVDC converter station projects in Brazil Pakistan India Thailand South

5 9 1 Korea among others. The Company contributes to the development of the power industry and promotes low-carbon Guangdong Province the First Unit (Set) emissions reduction through product and technological innovation.

Academician Workstation of Major Technical Internationally Internationally Domestically

Leading Levels Advanced Levels Leading Level

-15- -16-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

High-Power Density Thermal Management Equipment Supply Chain Security

High-power density thermal management equipment includes liquid cooling products for data centers and liquid cooling products

for energy storage. In the field of data center liquid cooling the Company offers a range of thermal management solutions based on

cold plate and immersion cooling technologies providing comprehensive one-stop services that encompass cooling architecture

design equipment integration system commissioning and operation and maintenance. In the field of energy storage liquid cooling The Company is committed to building a sustainable supply chain system that

the Company has accumulated relevant technologies and solutions for products such as liquid cooling systems for large-scale energy not only ensures procurement needs are met and contractual obligations are

storage power stations. fulfilled on time but also promotes suppliers' performance in sustainable 是非成败转头空，青 development. The Company implements a full-chain full-lifecycle manage-ment strategy across multiple aspects including supplier screening procure-

Primary Heat Secondary Heat ment processes performance evaluation and capability enhancement.Exchange Exchange Moreover the Company sets strict and comprehensive qualification thresholds

and management standards for suppliers across multiple dimensions includ-

ing environmental protection product quality and business ethics.Supply Chain Management Measures

Cooling Tower CDU TANK (Server Internal)

Goaland is actively promoting the upgrade of data centers towards

high density high computing power and high efficiency to meet the Comprehensive Full-Process Control "Selecting the Best from the Good" to Cul-

continuously rising demand for intelligent computing. The propri- tivate a Reserve of High-Quality Suppliers

etary immersion liquid cooling technology has been recognized as In order to build a sustainable supply chain the Company has established

reaching international advanced level effectively addressing the the "Supplier Development and Management Standards" to regulate the The Company's procurement department follows the principle of

prevalent issue of high energy consumption in domestic data development introduction evaluation performance assessment and "Selecting the Best from the Good" maintains qualified supplier

centers. Furthermore the Company's self-developed targeted quality management of new suppliers to ensure optimal supplier selection archives and conducts evaluation of the supplier based on

immersion liquid cooling system pump-driven two-phase liquid through competitive dynamics improve supplier performance meet the product quality and historical credit performance. According to

cooling system and industrial-grade thermal design simulation Company's demand for supplier quality delivery cost and customer the characteristics of the product the procurement methods of

software are all industry firsts. These advancements position the satisfaction and constantly promote suppliers to improve product quality the Company include batch procurement quantitative procure-

Company as a global leader in thermal management having filled Immersion Liquid Cooling CDU and strengthen cooperation. ment temporary procurement and bidding procurement.multiple critical technology gaps. All-in-One Machine The Company has established a comprehensive procurement process So far the Company has a relatively stable supply channel and

which is mainly divided into four stages: procurement demand procure- has established good and long-term cooperative relationships

ment execution procurement acceptance and procurement evaluation. with major suppliers.This ensures that the Company procures high-quality raw materials based

on actual needs.Key Equipment

Through independent R&D of high-performance low-energy-consumption air cooler close-type cooling tower canned pump and Strict Performance Evaluation and Elimination System Strict Anti-Corruption Measures to Build

other equipment combined with reasonable software control the Company achieves energy-saving goals. The products of a "Transparent" Supply Chain

company provide efficient heat dissipation and maintain continuous cooling effects ultimately achieving the goal of long-term The Quality and Safety Center of the Company is responsible for coordinat-

stable operation of liquid cooling systems. ing the performance evaluation of suppliers implementing monthly/annual

assessment of suppliers and proposing a suspension of supply of suppliers The Company has established stringent anti-corruption

Pump constitutes the most critical components in liquid cooling products governing the water circulation throughout the entire with unqualified assessment results for three consecutive months and the policies for procurement processes. All supply chain center

water distribution pipeline. The canned pump used in the Company's liquid cooling solutions feature low noise and long-term suppliers could only resume supply after rectification to satisfaction. employees must sign a "Letter of Commitment" with the

maintenance-free operation minimizing the impact on the environment during operation and maintenance. Furthermore they Company pledging not to abuse their authority or position for

facilitate self-cooling through liquid circulation thereby further reducing energy consumption during operation. The Company has established a supplier elimination system whereby the personal gain not to accept improper benefits under any

cooperative relationship between the two parties may be terminated circumstances and not to solicit advantages in the name of the

through compliant measures if the supplier fails to be a continuously Company department or themselves. In the event of any such

qualified supplier based on the results of the annual comprehensive situations the Company will handle them seriously in

evaluation of supplier performance major quality problems and abnormal

External cooling equipment mainly includes air cooler and accordance with internal norms and relevant laws and regula-cooperation between the two parties.close-type cooling tower. Air cooler for instance utilizes tempera- tions.ture difference in the environment to achieve cooling requiring

minimal additional energy. Compared to open-type cooling

tower close-type cooling tower can significantly reduce water "Sales-based Purchasing" to Reduce Inventory Backlog

consumption.The Company generally adopts the procurement mode of "Sales-based Purchasing". The operation center and the production planning depart-

V-type Air Cooler ment submit material requisitions according to the sales orders and forecast conditions. In addition the Company also maintains a certain invento-

ry of general standard materials according to the market demand.-17- -18-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Safety Production Management Regulations

Supplier Intellectual Property Protection

The Company attaches great importance to protecting suppliers' intellectual property rights and strictly adheres to the intellectual property

protection laws of the country and the location where the project is implemented.As necessary the Company signs detailed confidentiality agreements with suppliers clearly outlining the commercial and technical secrets that

both parties must keep confidential during cooperation. This includes but is not limited to drawings prototypes production processes and

formulas. The scope of intellectual property use and authorization methods are clearly defined in the cooperation contracts to ensure that the 《EHS Management Organizational System》《EHS Objective Management System》《"Three Simultaneities" Managementrights and interests of both parties are protected. The Company establishes a communication mechanism with suppliers to promptly address System for Construction Projects》《Occupational Health Management System》《EHS Training Management System》

intellectual property issues and solutions jointly promoting intellectual property protection efforts. 《Special Operations Personnel Management System》《Hazard Sources Environmental Factor Identification and EvaluationManagement》《Safety Inspection and Hidden Danger Investigation and Treatment System》《LOTO (Lockout/Tagout)System》《Equipment Maintenance Operation Safety Management Regulations》《Contractor Management System》

Establishment of a Sustainable Supply Chain 《Emergency Management System》《Occupational Health Management System》《High-altitude Operation SafetyManagement Regulations》《Excavation Operation Safety Management Regulations》《Environmental Information Disclo-sure System》《Energy Conservation Management System》《EHS Accountability System》《EHS Compliance DocumentThe Company believes that supplier management extends beyond traditional elements such as quality delivery time cost control and servicelevel but also extensively involves social responsibility domains including efficient resource utilization environmental protection and improve- Identification and Review Management System》《EHS Cost Extraction and Use Management System》《Fire Safety Manage-ment of working conditions. ment System》《Special Equipment Safety Management System》《Job Safety Analysis (JSA) System》《Risk ClassificationControl and Change Management System》《Major Hazard Management System》《Equipment and Facility Safety Manage-We have consistently been dedicated to establishing a sustainable supply chain minimizing resource waste across the entire supply chain ment System》《Outsourced Operation Management System》《EHS Accident Management System》《Chemical Safetyprocess and enhancing resource efficiency and reuse rates. Management System》《Confined Space Operation Safety Management Regulations》《Lifting Operation Safety Manage-ment Regulations》《EHS Safety Hazard Warning and Notification System》《Waste Management System》《PersonalProtective Equipment Management System》

Occupational Health and Safety Production By establishing the "EHS Objective Management System" and the "EHS Accountability System" the Company ensures full employee accountability for safety production clarifies safety responsibilities and performance evaluation standards at all levels of the Company

and links safety production performance to the safety work of personnel at all levels thereby ensuring the achievement of safety manage-

ment objectives. The Company has established a five-tier EHS Accountability System ranging from legal representative to front-line

employees (legal representative general manager directors managers/supervisors employees) achieving the implementation of EHS

Strengthening Safety Assurance management responsibilities. In 2024 company employees signed 315 EHS responsibility agreements achieving full coverage across all

levels and departments. Establishing the EHS Accountability System is a crucial measure to implement full employee safety production

responsibility.Safety Production Management System Hidden Danger Investigation and Emergency Management

The Company has established an EHS management system based The Company conscientiously fulfills its primary responsibility for safety production actively carries out the investigation and rectification of

on standards such as ISO and safety standardization to guide daily major accident hazards conducts comprehensive investigations of key areas key links and key parts and simultaneously innovates risk

safety management work. The Company adheres to the principles of prevention mechanisms strengthens the comprehensive management ability to respond to emergencies ensures that the Company's risk and

law-abiding operation energy conservation and environmental hidden danger investigations are thorough risk control is in place and emergency response capabilities are improved thereby preventing and

protection injury prevention and safety and health for EHS manage- curbing the occurrence of various production safety accidents. In 2024 the compilation and filing of 4 safety production-related emergency

ment. The Company complies with environmental/occupational plans including those for the group company and its subsidiaries were completed.health and safety related laws regulations and standards

implements various waste management measures achieves

standard discharge and prevents major environmental pollution

accidents; and implements various hazard source control measures

to control minor injury accidents and prevent major injury accidents

and occupational diseases.Under the leadership of the Company's management the certifica-

tion process for safety production standardization has been initiated.Self-assessments are conducted around the standards. Simultane-

ously applications for review are submitted and issues raised by the Safety Trainings and Drills

review team are evaluated one by one. Corrective measures are

formulated and completed on schedule ultimately leading to Internal safety Emergency Participants Government Administrative Safety accident

certification. inspections drills special inspections penalty

2222583700

-19- -20-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Prioritizing Occupational Health 03 Working Together in Unity for Sharing Development Achievements

Adhering to the basic principles of "Safety First People-oriented

Legal Compliance and Continuous Improvement" the Company

strictly complies with the relevant provisions of the Occupational

Disease Prevention and Control Law of the People's Republic of Employee Rights Protection

China and the ISO 45001 Occupational Health and Safety Manage-

ment System issued by the International Organization for Standard-

ization constantly improves the occupational health and safety

management system and is committed to providing employees with Employee Overview

healthy and safe working conditions.In the process of business operation the Company pays attention to

the performance of occupational health and safety management Total number of new employees in 2024 260

striving to create a healthy and safe working environment while

reducing the occurrence of work-related accidents and various

types of occupational hazard incidents. Total number of employees of subsidiaries 502

The Company attaches great importance to occupational safety Total number of employees of parent company 320

training and arranges for safety management and ESG specialists to

regularly provide safety training to all employees. Total number of employees 822

The Company continuously enhances prevention and control measures against occupational hazards in the workplace regularly 3.53% 4.50% 5.84%

assesses the current status of such hazards and annually invites third-party testing agencies to conduct inspections on occupational 7.06%

hazard factors in the workplace. At the same time the Company has established a dedicated Occupational Health Information Bulletin

Board which is regularly updated to disclose occupational health management information to all employees ensuring full protection Male

of their right to know. 33.45% 79%

Distribution Workforce gender

Furthermore the Company continuously improves the occupational health supervision system and enhances the "Occupational Education of employees distribution

Health Surveillance Records" of employees. For employees in specific positions the Company strictly follows laws regulations and level 40.75% (Proportion)

relevant industry standards to arrange occupational hazard examinations before employment during employment and before by ranks

leaving the Company. At the same time professional personal protective equipment is provided to employees in specific positions

and through patient guidance and strict requirements employees are ensured to wear protective equipment correctly prioritizing 19.95%

safety. For all employees the Company regularly organizes occupational health examinations to comprehensively protect the physical 84.91%

health of employees. 21% Female

Senior management Junior management Master's degree or above Bachelor's degree Workforce gender

distribution

Middle management Junior staff Below junior college degree Junior college degree (Proportion)

The Company and multiple subsidiaries have passed the ISO 45001 Occupational Health and Safety Manage-

ment System certification. During the reporting period the relevant data on occupational hazards are as follows:

7.59%

6.69%35

Workplace Occupational Hazard Monitoring 16.91% Average age

Frequency and Coverage Rate 33.70% 39.03%

Age 32.84% Professional

100% Number of Occupational distribution

position

Diseases Caused by Work distribution 3.85

Occupational Health 0 Average tenureExamination Coverage Rate person/time 42.70% 30.47%

100%

Aged 30 and below Aged 41-50 Production staff Functional staff

Aged 31-40 Aged 51 and above Technical staff Sales staff

-21- -22-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Employment Policies Employee Performance and Incentives

Comprehensive Employment Security System Performance Management System绩效管理体系

The Company adheres to national laws and regulations to ensure a legal and compliant hiring process and refrains from The Company has established a comprehensive performance management

employing child labor or engaging in any illegal employment practices. The Company places great emphasis on system aimed at evaluating and providing feedback on employee performance

safeguarding employee rights and has established a comprehensive employee rights protection mechanism including through scientific and objective methods to promote employee growth and

labor contract signing social insurance and housing fund contributions commercial insurance purchases annual physical the achievement of corporate goals. This system encompasses clear perfor-

examinations paid annual leave and parental leave. mance evaluation criteria which assess not only the quality and quantity of

work outcomes but also factors such as work attitude skill enhancement and

teamwork.Equal Employment Environment

Incentive Mechanisms

The Company upholds the employment principles of "Voluntari-

ness Legality and Fairness" providing equal employment oppor-

tunities without discriminating against employees based on

gender age race religious belief or other factors. The Company 激励机制 To enhance employee motivation and optimize human resource allocation the

has established a comprehensive anti-discrimination and diversi- Company has meticulously designed and implemented a range of diversified

ty management system. incentive mechanisms. Firstly bonus plans are implemented to recognize

outstanding performance and contributions. Secondly a promotion mecha-

In 2024 Goaland (Group) onboarded a total of 260 employees nism is established to provide employees with a clear career development

comprising 207 males (79.62%) and 53 females (20.38%). Ethnic path stimulating their career potential and ambition. Thirdly an honor system

distribution of new hires: Han: 253 ethnic minorities: 7 (Dong: 1 is established to recognize employees' contributions spiritually by awarding

Kazakh: 1 Mongolian: 1 Tujia: 1 Yao: 2 and Zhuang: 1). various honorary titles and accolades thereby fostering a sense of belonging

and pride among them. These incentive mechanisms complement each other

The Company firmly opposes child labor and forced labor and forming a comprehensive and effective incentive framework that stimulates

has implemented a management system to combat these employees' enthusiasm for work promotes personal ability improvement

practices striving to foster an equal work environment for all ensures the smooth achievement of corporate goals and further drives the

employees. sustained and healthy development of the Company.Employee Career Development

Comprehensive Remuneration and Benefits System

In order to cope with the changes in the market environment promote the progress of the Company's technology and enhance the core

competitiveness the Company has vigorously planned a technical talent training strategy established a complete good efficient and standard-

The Company is committed to building a comprehensive remuneration and benefits system for employees which includes ized technical team and created favorable conditions for the Company's technological transformation and upgrading maintaining technological

a fixed and market-competitive basic salary combined with diversified performance bonus mechanisms based on corpo- leadership and sustainable development.rate strategic goals and employee performance such as year-end bonuses monthly performance bonuses project

bonuses and sales commissions ensuring stable income for employees while incentivizing their individual performance.Meanwhile the Company provides various allowances such as on-site service allowances travel accommodations and Employee Training

meal subsidies and high-temperature subsidies to enhance the quality of life for employees. Furthermore the Company's

comprehensive social insurance and housing fund system provides all-round protection for employees.The Company is committed to building a comprehensive remuneration and benefits system for employees which includes Facilitating Rapid Integration: Orientation Training Programs

a fixed and market-competitive basic salary combined with diversified performance bonus mechanisms based on corpo-

rate strategic goals and employee performance such as year-end bonuses monthly performance bonuses project The Company provides on-boarding training for new employees and conducts ad hoc training sessions based on hiring needs to

bonuses and sales commissions ensuring stable income for employees while incentivizing their individual performance. help new employees in thrive work and live so that they can quickly fit in the Company. The Company provides special training for

Meanwhile the Company provides various allowances such as on-site service allowances travel accommodations and the fresh graduates and implements the tutor teaching model for a one-year training. This allows new employees and interns to

meal subsidies and high-temperature subsidies to enhance the quality of life for employees. Furthermore the Company's quickly fit in the Company and grow into an excellent employee.comprehensive social insurance and housing fund system provides all-round protection for employees.-23- -24-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Enhancing Professional Competence: Employee Training Programs

The Company has formulated the "Training Implementation Management Measures" to standardize the enterprise training process Multiple Pathways to Support Career Development

and provide internal/external professional skills improvement training for in-service employees. Through the accumulation dissemi-

nation application and innovation of knowledge experience and ability the professional skills and professional quality of employees

are improved ensuring alignment with the Company’s business growth needs. In addition the Company has built a learning organi-

zation through the combination of online and offline training and learning mode. In 2024 the Company organized 133 skill training

sessions.The Company has established a mentorship matching experienced mentors with young employees to

General Job Skills Special Safety

Training Job Training provide one-on-one guidance and support. Mentors share their experiences offer advice and assist Competency Training Training employees in navigating their career development challenges.General competency Job skills training is The Company strictly Safety training is designed to

training is designed to designed to train ensures that special work enhance the safety quality of

cultivate employees' employees on theoretical operators participate in safety supervision personnel

comprehensive qualities knowledge and practical training and obtain related employees of production and

and enhance their ability. qualifications. business units and relevant

comprehensive personnel engaged in safety production work.competencies. The Company has implemented a job rotation system that encourages employees to gain experience and

enhance their abilities across different domains and departments thereby broadening their career paths.Outstanding employees may also be assigned to subsidiaries.Improving Enterprise Management Level: Management Training Programs

The Company supports dual-channel (management and professional) development and provides equal

promotion opportunities.Through internal competitions the Company offers a platform for employees to demonstrate their abilities

and potential stimulating enthusiasm and work passion encouraging employees to continually learn and

enhance themselves thereby standing out in the competitions.the Company conducted 108 training sessions specifically for provided 119 training sessions for employees，coveringmiddle-level and senior managers special job skills and job-specific competencies.In addition to various internal training programs employees are encouraged to actively participate in

external training such as seminars and academic conferences to broaden their horizons.Total Training Participants Cumulative Training Monthly Average

Sessions Conducted

6263 participants 392 sessions 33 sessions

Diversified and frequent training programs ensure that employees acquire essential job-specific knowledge and skills while simulta- Enhancing the Company's Attractiveness to Employees

neously fostering personal growth and team collaboration.The Company's training content and formats are diversified. Professional skills training targets 100% coverage of employees in key

positions. For special operation training the Company strictly enforces standard procedures emphasizes the importance of The Company enhances employee satisfaction and loyalty through various means such as employ-

certification and ensures that employees master the relevant skills. In 2024 the Company maintained a total of 157 certified ee training and incentives bolstering the Company's competitiveness and innovation capability. The

employees for special operations including high-altitude work electrical work and welding. average tenure of current employees is 3.85 years.Overall the training programs not only enhance employees' personal skills and knowledge but also lay a solid talent foundation for

the Company's long-term development. average tenure of

current employees 3.85 years

-25- -26-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Employee Health and Safety

The Company attaches great importance to employee health and safety providing new employees with three levels of safety education and training

(including company-level department-level and team-level) to ensure they possess the necessary EHS (Environment Health and Safety) knowledge

and conducts regular re-education to enhance employees' safety awareness and self-protection capabilities.The Company formulates and promotes safety management requirements for personnel entering the workshop and provides labor protection

clothing shoes and other labor protection equipment. Free pre-employment in-service and pre-departure occupational health examinations are

arranged for personnel in positions with occupational hazards to monitor employee health indicators. Regular inspection and updates are also

conducted for fire safety facilities and fire safety drills are organized annually. Additionally safety alerts are issued prior to severe weather and holidays.There have been no work-related fatal accidents in the Company over the past three years.Employee Care

Employee Union

The Company deeply cares about the physical and mental well-being as well as the quality of life of its employees and has meticulously crafted a

welfare and care system imbued with warmth. By offering comprehensive welfare benefits sincere condolences and care as well as diversified cultural

and recreational activities the Company fully demonstrates its profound care for employees further strengthening the close bond with them.In order to deepen the democratic management system with the basic form of workers' congress organize employees to participate

in democratic management and safeguard the legitimate rights and interests of employees the Company has established a sound

labor union system. Through the leading role of the labor union the communication channels between employees and the Company

have been strengthened further promoting each employee to be integrated into the governance system of the Company.In addition the labor union actively promotes the establishment of stable and harmonious enterprise labor relations safeguards the

legitimate rights and interests of both parties to labor relations regulates the behavior of both parties and enhances cooperation

between the both parties. The employees' right to know right to participate right to supervise and right to consult with the Company

has been earnestly implemented.The Company's labor union also concentrated on helping the impoverished employees and passed the power of love of the Compa-

ny and all employees to each of those from financially difficult families through the form of employee mutual aid.Diverse and Unique Employee Benefits

Employee Communication

1 Insurance benefits: Social insurance and housing fund.

2 Commercial insurance：Employer liability insurance commercial insurance corresponding to special operations personnel. The Company consistently adheres to a people-oriented management philosophy placing great emphasis on effective communica-

3 Leave benefits：Including statutory holidays annual leave sick leave marriage leave bereavement leave maternity leave paternity tion between employees and superior leaders which is regarded as a core element for promoting team collaboration and enhancing

leave nursing leave miscarriage leave and family care leave. organizational efficiency. Each superior leader within the Company is required to ensure at least one in-depth conversation with

employees weekly. This initiative aims to comprehensively care for employees' work progress and well-being deepening the human-

4 The Company provides employees with a comprehensive physical examination once a year，to safeguard their health. istic care atmosphere within the enterprise.

5 Holiday benefits：* 　Distribute holiday gifts or organize activities for employees during holidays. Benefits for birthdays marriages Under this framework superior leaders are expected to not only closely monitor employees' task completion and performance but

childbirths sick leave condolences children's education and retirement. Meanwhile to create a joyful and harmonious atmosphere and also to delve into their job satisfaction career development plans and personal life status. Through active listening and meticulous

reflect humanistic care the Company organized 10 employee collective activities in 2024 (including spring fun activities spring tea care they must precisely identify and respond to employees' actual needs and challenges. Such communication not only provides

parties Hanfu experience activities children's day special lectures Dragon Boat Festival garden parties Father's Day health lectures necessary support and guidance to employees but also significantly enhances their sense of belonging effectively stimulating their

traditional Chinese medicine clinics summer fun sports meetings Mid-Autumn Festival garden parties and employee welfare activities). work motivation and innovative potential.

6 Welfare benefits：The Company provides employees with breakfast and lunch shuttle bus services dormitories and other benefits. In Moreover this mechanism establishes an open and transparent communication platform significantly fostering mutual understand-

the meantime in order to enrich the employees' spare time life the Company has set up badminton association basketball association ing and trust between superiors and subordinates thereby laying a solid foundation for building harmonious internal relationships.table tennis association yoga association and staff activity room. Employees elect the leaders of these associations and each associa-

tion organizes weekly activity separately. In 2024 the Company organized a total of 112 sports activities.-27- -28-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Investor Rights Protection

92.2904 million Customer Rights Protection

Shareholder Returns

the Company has distributed a total cash dividend of RMB

The Company strictly implements the profit distribution policy stipulated in the Articles of Association. In addition according to the Articles of

Association and actual situation of the Company the Board of Directors of the Company has formulated the Shareholder Dividend Return Plan

for the Next Three Years (2022-2024) which takes into account the long-term interests and sustainable development of the Company Improvement of Customer Satisfaction

maintains its continuity and stability of the profit distribution policy and fully considers the reasonable investment return of investors.Independent directors can seek the opinions from minority shareholders actively communicate and exchange with shareholders especially

minority shareholders through various channels fully listen to the opinions and demands of minority shareholders and effectively protect the Delivery Management

legitimate rights and interests of minority shareholders. Since its listing the Company has distributed a total cash dividend of RMB 92.2904

million.The Quality and Safety Center of the Company implemented centralized group management over the quality depart-

Information Disclosure ments of all subsidiaries and branches providing operational supervision and guidance to these units. For systemic problems the Quality and Safety Center led and promoted continuous improvement. The Quality and Safety Center was

4 65 responsible for new supplier development and sample verification leading supplier assessment evaluation reward and copies copies punishment and overall quality improvement. According to the actual situation the Quality and Safety Center participat-

Periodic Announcement

Announcements Documents ed in the whole process of new product process and prototype research and development. The Quality and Safety In strict accordance with the Securities Law of the People's Republic of China Rules Governing Center analyzed handled and prevented customer complaints after product acceptance and delivery.the Listing of Shares and other laws and regulations and regulatory requirements the Company

61 6 truly accurately and completely performed its information disclosure obligations without false The Company has formulated the "Quality and Safety Reward and Punishment Management System" to reward individu-copies copies

Published Survey records misleading statements and material omissions and ensured that all investors have fair al or group behaviors that improve the speed and quality of product delivery reduce operational risks enhance the

Documents Record Forms access to related information on the Company. In addition the Company has formulated the Company's market competitiveness and produce positive effects or influences. The maximum reward could be more

"Information Disclosure Management Bylaws" and "System for Registration and Management of than RMB 50000 or include equity incentives. In addition punishment could be imposed on individual or group whose

Insiders Who Have Access to Insider Information" and other systems to regulate the Company's actions produce undesirable effects or influences.

100% information disclosure and the confidentiality before information disclosure. In 2024 the

The compliance rate for Company received a "B" rating for its information disclosure evaluation from the Shenzhen Stock The Company strictly implemented the shipment delivery management and strictly controlled the shipment delivery

information disclosure reaches Exchange. process through the formulation of norms reducing the shipment delivery risk and improving the delivery quality.The Company has formulated the "Regulations on Handling Outbound Product Quality Feedback" to ensure the prompt

and effective handling of quality problem feedback. This framework guarantees both the timeliness and efficacy of

Protection of Small and Medium-sized Investors feedback processing reduces financial losses enhances service quality and improves customer satisfaction.For the purpose of communication with investors the Company has formulated and strictly followed the Investor Relations Management System

to maintain good communication with the investors through holding performance presentations receiving specific target research conducting

site visits answering investor hotlines setting investor columns on the Company's official website and the "Shenzhen Stock Exchange Interactive Continual Optimization

Easy (irm.cninfo.com.cn)" platform so as to enhance investors' understanding and recognition of the Company.In 2024 the Company's investor relations team promoted the image of the Company as an "industrial thermal management" expert in the capital

market allowing the Company to enter the vision of major securities companies and funds as the industry leader so that the capital market had The Company consistently upholds quality monitoring and improvement. By overseeing procurement production and

a deeper and better impression of the Company. follow-up storage links the Company implements rigorous quality checks across all stages and continually refines any

deficient links.In order to communicate with small and medium-sized investors in a more transparent and sincere manner the Company carried out investor

relations management activities through multiple channels platforms and methods and held four online performance briefings and replied to a The Company has formulated the "Rules for the Evaluation of Rewards for Continuous Improvement". By rewarding

total of 45 questions; held one investor research group reception activity receiving a total of 21 visitors from securities firms funds individuals teams and individuals with excellent performance in continuous improvement it aims to guide and encourage employ-

and other types of investors and was invited to participate in a number of securities institutions investment strategy report sessions to have ees to actively participate in improvement activities such as innovation proposals improvement suggestions and and

extensive exchanges with institutional investors; responded to 91 questions from the investors on interactive platform with a response rate of inventive solutions to improve enterprise quality and management ability so as to improve the Company's lean culture

100%. The Company answered the investor hotline more than 331 times and answered the investor's inquiries and questions on the Company's and vitality promote the Company's sustainable development and improve efficiency.

development strategy production and operation development of new product and new technologies financial status and operating perfor-

mance investment projects and many other aspects. The Company regularly conducts management review with the Quality & Safety Center and the Quality & Safety Depart-

ments of its subsidiaries and branches responsible for organizing and planning the corporate-level management review

Through serious enthusiastic and responsible communications and exchanges with investors it provided convenient conditions for investors to activities. These activities ensured the suitability adequacy and effectiveness of the Company's quality/environment/oc-

participate in the decision-making and management of the Company according to law which constantly enhance investor confidence in and cupational health and safety systems.engagement with the Company The Company's market value rose 40.59% during the year much higher than the industry average.-29- -30-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Customer Service Management Establishment of an Emergency Response Mechanism for Customer Service

The Company has formulated the "Regulations on Customer Satisfaction Measurement and Monitoring Management" to regulate the planning

organization implementation review and tracking of customer satisfaction activities so as to ensure continuous improvement and improve Rectification

customer satisfaction. Personnel

(On-site

Emergency Manager of the Emergency

General implementation

Engineering Response Team Managerof the feedback)Engineering

Regularly send question- Organize the customer Implement improvement (Notification) Service Review Division summaryand

naires to customers so as to satisfaction improvement measures and compile Department (Discussion

analysis resolution) archiving of assess their latest evaluation meeting and form the meeting summary reports and feed (Overall coordinator(Notification) rectification

of the Company's services resolution report to formalize back improvement results to for rectification workimplementation) Other Items

and form analysis reports. corrective action plans. customers.

(Full implementation

of corrective

measures)

In 2024

In addition in order to better serve our customers

0 customer complaint 0 instances of delayed on-site and respond more effectively to their needs we was received issue resolution was recorded established the Engineering Division in 2017. Review summary and archiving of rectification work

As a listed company the Company attaches great importance to customer privacy and

Brand Brand data security strictly complies with relevant national laws and regulations and is Innovating solutions uncompromising quality operational committed to providing customers with the most secure services. To this end we have

efficiency and reinvigorating the Goaland after-sales service established and continuously improved our privacy policies and data security manage-

brand. ment systems adopting advanced encryption technologies and security protection

Vision measures to ensure the safety of customer information throughout its entire lifecycle—

Vision Service Thoughtfully planning for the future seizing significant trends and from collection and storage to processing and transmission. Additionally we reinforce

accumulating small gains to achieve grand accomplishments. information security training to elevate organization-wide data protection awareness

Core concepts of Trust ensuring that customer information is never leaked or misused. When collaborating with

the Engineering third parties we insist on signing confidentiality agreements to safeguard the confiden-We are not just after-sales solutions providers but the most

Division tiality of customer information. Furthermore we conduct regular security audits and trusted partners for customers and their products. vulnerability scans to promptly detect and fix potential security risks ensuring customer

Service privacy and data security. We are well aware that customer privacy and data security are

Serving Goaland serving customers serving products and whole- the foundation of sustainable corporate development. Adhering to a customer-centric

heartedly dedicating ourselves to customer service. principle we remain committed to optimizing and upgrading our data security protec-

Win-win tion measures to provide customers with more secure and reliable services.Trust Win-win

Mutual benefits shared interests and mutual development for the

Company customers and employees.Customer Privacy Protection Data Security Protection

Structure of the Engineering Division (1) When collecting customer information the Company strictly (1) The Company adopts advanced information security equipment limits the scope of information collection and only collects and technical measures including firewalls intrusion detection

information relevant to its products and services. systems and data encryption technologies to protect data security.Engineering Service Center (2) The Company respects and protects customer privacy rights (2) The Company conducts regular system vulnerability scanning and

committing that customer information will not be utilized for remediation to ensure security and stability of the system.illegal purposes or any other purposes not explicitly authorized by

the customer. (3) The Company provides information security training to employees

enhancing their awareness and prioritization of data security. Internal

(3) The Company enters into confidentiality agreements with training and publicity enhanced employees' sense of responsibility

Eastern Western Southern Northern Central Region International partners and third parties to prevent unauthorized disclosure or and mission regarding data security.Engineering Engineering Engineering Engineering Engineering Engineering misuse of customer data. A confidentiality agreement is signed

Service Center Service Center Service Center Service Center Service Center Service Center when executing strategic cooperation agreements with key (4) The Company regularly conducts security audits and monitoring

clients. to promptly detect and address potential data security risks.-31- -32-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Supplier Rights Protection Internal Management and Training

Establish an Intellectual Property Employee Training

Intellectual Property Protection Protection System The Company continuously strengthens employees' awareness of

The purchasing party shall establish an intellectual property intellectual property protection and their knowledge of relevant

protection system to monitor and manage intellectual property laws and regulations. Through internal training employees have

Clarify Intellectual Property-Related Contract Clauses issues throughout the procurement process. Leverage advanced enhanced their awareness of the importance of intellectual proper-

digital technologies to achieve full-process monitoring and ty and become proficient in relevant laws regulations and opera-

protection of intellectual property. tional procedures.In procurement contracts clearly define the ownership of intellectual property

usage rights and protection responsibilities. Ensure that suppliers possess

complete and legal intellectual property for the products or services they

provide and have the authority to grant their use to the purchasing party. Legal Support and Compliance

Through contractual terms the purchasing party shall ensure that its use of the

supplier's products or services does not infringe upon any third-party intellec- Legal Consultation Compliance Review

tual property rights.During the procurement process the purchasing Conduct regular compliance reviews of procurement contracts and the intellec-

party may seek support from professional legal tual property status of suppliers to ensure that the cooperation between both

institutions to ensure the legality and validity of parties complies with the requirements of relevant laws and regulations.procurement contracts and mitigate intellectual

property infringement risks. The Company attaches great importance to the protection of suppliers' intellec-

Confidentiality Agreements Infringement Handling Mechanism tual property rights and strictly abides by the laws of the suppliers' jurisdictions.The Company incorporates confidentiality clauses The Company clearly stipulates the legal liabilities and

into contracts specifying mutual obligations to compensation methods arising from the infringement of

safeguard technical and proprietary information. others' intellectual property by the products. Both parties Sound Supplier Management System

This ensures that the purchasing party will not shall collaborate to address intellectual property infringe-

disclose the supplier's intellectual property ment issues including analyzing the infringement

information including technical materials trade situation researching avoidance solutions or engaging

secrets etc. with intellectual property owners to negotiate licensing Specific Agreement: Clearly stipulate the rights obligations pricing delivery time quality standards and other

matters. critical elements in the contract to avoid ambiguous expressions and reduce the occurrence of disputes.Clarification of

Dispute Resolution Mechanism: For clauses that may give rise to disputes solutions should be agreed upon in

Contract Clauses advance in the contract including methods such as mediation arbitration or litigation so that disputes can be

resolved promptly and effectively when they occur.Supplier Evaluation and Selection Establish a Communication Mechanism: Establish a sound communication mechanism including regular Enhancing Communication and Collaboration

Enhancement of meetings emails phone calls etc. to ensure timely and accurate information exchange and avoid misunder-standings and conflicts.Communication

Intellectual Property Due Diligence Regular Communication and Supervision Accept Supervision: Listen to suppliers' opinions on the products or services provided and accept their supervi-sion which helps to identify and solve problems in a timely manner and protect the rights and interests of suppli-

During the supplier selection process the Company will conduct Establish a routine communication mechanism with suppliers to ers.intellectual property due diligence to verify whether the suppli- jointly address issues and challenges related to intellectual

ers possess intellectual property such as patents trademarks property protection. Through communication stay updated on

and copyrights related to relevant technologies and to confirm the intellectual property status of suppliers and jointly formulate

the validity and legitimacy of such intellectual property. Refinement of Compliance with Laws and Regulations: Educate employees to follow company policies understand and response strategies.Legal Regulations respect local laws and regulations ensuring that trading activities are legal and compliant thus avoiding disputes arising from non-compliance.Assessment of Intellectual Property Joint Risk Management and Systems

Protection System When intellectual property infringement risks are detected the

The Company will evaluate the supplier's intellectual property purchasing party shall actively collaborate with the suppliers to

protection system to ensure that they have a compliant intellec- jointly analyze the risk situation explore legal and feasible Establishment of Inquiry and Response: If a supplier identifies potential infringement of its rights it can raise inquiries to the

avoidance solutions and take corresponding risk control Rights Protection Company or the purchasing agency and the Company shall respond within a specified timeframe. Upon receiv-tual property management system which can effectively protect

ing complaints from suppliers the Company will conduct self-inspection on the problems existing in the internal

their own intellectual property and avoid infringing on the measures. Channels and processes and handle them in a timely manner.intellectual property of others. Mechanisms

-33- -34-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Creditor Rights Protection

The Company attaches great importance to the protection of the legitimate rights and interests of creditors. In the daily operations the Company

fully respects the legitimate rights and interests of creditors strictly complies with contractual obligations to creditors and timely informs

creditors of information related to their rights and interests. Through the protection of the rights and interests of creditors the Company has

established a positive and good strategic partnership with creditors.

123

Transparent Information Optimizing Debt Repayment Strengthening Legal

Disclosure System Risk Management Mechanism Compliance and Rights

Protection Mechanisms

The Company ensures creditors are The Company conducts regular internal The Company strictly complies with

promptly informed of their financial assessments of debt repayment risks relevant laws and regulations to ensure Devote to Social Welfare and Facilitate

health by disclosing periodic reports on formulates and implements risk that the legitimate rights and interests of "Rural Revitalization"

financial status debt structure and debt response strategies. creditors are not infringed.repayment capacity.Goaland also practices social public undertakings and actively creates value for the society through

“Rural Education Program” "Poverty Alleviation" "Flood Relief" and other charity and social welfare

activities. At the same time the Company has also actively responded to the call of "Rural Revitaliza-

Public Welfare Initiatives tion" and has been dedicated to helping improve the rural environment and education. In March 2024 the Company donated RMB 500000 to Linxiang No.1 Middle School in Hunan Province to support the

school's teacher incentive program aiming to further stimulate the enthusiasm and creativity of the

teaching staff and contribute to the cultivation of more outstanding talents. In July 2024 Yueyang

The Company strictly adheres to the social values and ethical norms considering community contribution as an integral part of its corporate Goaland a wholly-owned subsidiary of the Company donated RMB 20000 and materials worth RMB

social responsibility. Through diligent operations it drives the development of local economy and society and makes great contributions to the 26000 to Pingjiang County in Hunan Province to support flood relief and post-disaster reconstruction

stability and prosperity of society. work.Certificate of Donation

Jointly Build the "Belt and Road" Promote Public Welfare Initiatives

Industry-University-Research

The Company actively responds to national initiatives and participates in the development and construction of countries along the "Belt and Collaboration Promote Talent Cultivation

Road". In recent years as one of the first companies to join the "Belt and Road" green supply chain cooperation platform the Company has

delivered more than 20 supporting projects to more than 20 countries along the "Belt and Road" such as India's State Grid STATCOM project

water cooling system Thailand's PWP offshore wind farm water cooling system converter valve water cooling system for South Korea's Jeju The Company has Goaland Energy Conservation Institute a dedicated R&D center

Island ±80kV DC power transmission demonstration project helping the development of the world's energy industry. focusing on applied technologies emerging technologies service technologies and

basic theories. The Company has successively established partnership with Tsinghua

University Wuhan University South China University of Technology University of

Birmingham Guangzhou Institute of Energy Conversion Chinese Academy of Sciences

City University of Hong Kong Institute of Intelligent Manufacturing GDAS Guangdong

In March 2024 the Company successfully completed the first major maintenance of the water cooling University of Technology and other well-known universities at home and abroad for

equipment for the converter stations of the Matiari-Lahore HVDC power transmission project in industry-university-research collaboration linked by scientific and technological

Pakistan safeguarding the smooth operation of the HVDC transmission project of the "Belt and Road". projects to jointly undertake the planned tasks of scientific and technological projects

The Matiari-Lahore HVDC project is a key infrastructure project within the framework of the China - and conduct the transformation and application of scientific research achievements as

Pakistan Economic Corridor. To ensure that the first major maintenance was completed quickly and well as experimental cooperation in such fields as power electronics thermal energy and

efficiently Goaland established a special maintenance working group. At the beginning of the Year of power fluid water quality analysis and water treatment processes. In addition it also

the Dragon the working group rushed to the site in high spirits providing robust support to safeguard serves as an internship base to provide a platform for practice and application of frontier

power supply for millions of households. In September 2024 the Company successfully completed technologies for universities and research institutions to improve the quality and efficien-

the annual maintenance of the UHVDC converter cooling system for the Belo Monte project in Brazil. cy of talent training to undertake the social responsibility of cultivating national reserve

The successful completion of this annual maintenance work was highly praised by the client. The Belo technical personnel in support of energy conservation and emission reduction. In 2024

Monte project in Brazil has not only deepened the friendship between the Chinese and Brazilian the Company jointly trained 10 master students with South China University of Technolo-

people but also set a new benchmark for in-depth cooperation between the two countries in the gy. In addition the Company also set up the "Goaland Scholarship" program in Wuhan

energy field. University to encourage college students to study hard pursue excellence improve their

own competence and quality promote the development of academic research and

bring more innovation and value to enterprises and the society.-35- -36-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Green Development for Building Water Resource Consumption and Management During the reporting period04 a Beautiful Environment In terms of water resource utilization the Company strictly complies with the "Water 45728Law of the People's Republic of China". It strengthens the management of the water Tap Water Consumption (tons)

use process regularly conducts water conservation assessments for each of its subor-

dinate reservoir areas and applies advanced water-saving and sewage reuse

technologies to continuously reduce the consumption of fresh water. 5080.89

Improvement of Environmental Management Water Saved (tons)

Environmental Management System Pollutant Emissions and Waste Management

In accordance with national laws regulations and standards and relying on the ISO system the Company has improved its internal environmen- In terms of wastewater discharge the Company strictly complies with regulations such as the "Law of the People's Republic of China on the

tal management system: issued and implemented 16 systems such as "Identification of Environmental Factors" "Three Simultaneities for New Prevention and Control of Water Pollution" the "Regulations on Urban Drainage and Sewage Treatment" and the "Integrated Wastewater

Projects" "Management of Three Industrial Wastes" and "Management of Hazardous Wastes". The Company conducts annual revision review Discharge Standard". During the Company's operation especially in the production process it takes measures to reduce the impact of sewage

and release of these regulations organizes employee training and ensures implementation across all departments and subsidiaries of the discharge on the environment.Company. Environmental management runs through all business processes of the Company so that all links have rules to follow and basis to

rely on.

4535(tons) 8054(tons)

The Company and its subsidiaries do not belong to the key pollutant discharging units announced by the environmental protection authority 100% 0

the Company's thermal management equipment has excellent heat dissipation performance and high reliability no pollution to the environment. Wastewater discharge Treated wastewater Total volume of Total volume of water

The Company attaches great importance to safety and environmental protection and has passed the environmental management system compliance rate discharged by the reclaimed water reuse discharged after sewage

occupational health and safety management system and certification of other qualifications. The Company has passed ISO14001 environmental sewage plant treatment

management system certification ISO50001 energy management system certification. Relying on the ISO management system the Company

has constantly improved and enhanced the level of environmental management over the years. Meanwhile through systematic management

the Company identifies the key links of energy consumption reduces waste improves energy utilization efficiency and has established

long-term energy management goals. The Company attaches great importance to environmental protection and safety work and has realized The Company attaches great importance to the prevention and control of solid waste pollution especially hazardous waste pollution.continuous compliance with the discharge standards for the "three wastes" with no environmental pollution accidents throughout the year. The It strictly complies with laws regulations and relevant requirements such as the "Law of the People's Republic of China on the Prevention

Company has passed the audit of clean production enterprises and has been awarded the title of "Guangzhou Clean Production Enterprise". and Control of Environmental Pollution by Solid Waste" the "Standard for Pollution Control on the Non-Hazardous Industrial Solid

Waste Storage and Landfill" and the "Standard for Pollution Control on Hazardous Waste Storage".Energy Consumption and Management During the reporting period

The Company has developed monitoring and usage plans to control at the source and reduce energy consumption. Temperature ranges are set 100% 6.3 (tons) 100%

for air conditioning systems in summer and winter. Through regular organization and promotion employees develop good habits so that the Solid waste disposal Hazardous waste transferred by Hazardous waste

internal lighting systems are powered off after work. Water-saving technology is used in production workshops and R&D stages and water compliance rate hazardous waste receiving facility disposal rate

recycling is achieved in some work sections Waste water waste gas noise and other factors harmful to the environment must meet the

standards before being discharged. General solid wastes and hazardous solid wastes are entrusted to qualified third parties to handle according

to regulations to avoid damage to the environment.During the reporting period

Ecological Protection and Land Management

399.1588 44.3510 The Company actively fulfills its responsibility for ecological and environmental protection. By implementing diversified environmental protec-

Power Consumption (10000 kWh) Power Saved (10000 kWh) tion measures it strives to mitigate the adverse effects of its business operations on the natural environment and biodiversity aiming to achieve

a harmonious coexistence between corporate development and environmental conservation and jointly create a beautiful environment where

humans and nature coexist in harmony.

1237.39 3043.99 The Company always abides by relevant laws and regulations such as the "Water Law of the People's Republic of China" the "Flood Control Law

Coal Consumption Equivalent (tons) CO? Emission equivalent (tons) of the People's Republic of China" and the "Yangtze River Protection Law of the People's Republic of China". Based on these it proactively carries out ecological restoration and protection work in the shoreline area dedicating itself to maintaining the balance and health of the natural

ecosystem.-37- -38-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Management of Climate Change Risks and Opportunities Opportunity Inventory

Risk Type Risk Description Mitigation Measures Impact Period

The Company attaches great importance to the impacts of climate change comprehensively assesses climate-related In the context of energy conservation The Company will continuously engage in

risks and opportunities and analyzes and evaluates the possible impacts of these factors on various aspects of the Policy carbon reduction and green development the research development production and Medium term

Company's operations investments and development which lay a foundation for the Company's low-carbon transfor- opportunities the Company's products can meet the sales of energy-saving products closely and long term

mation and sustainable development. demand for energy efficiency low carbon following the pace of policy development.and environmental protection.Risk Inventory Obtain high returns on the investment in The Company will continuously develop

Technical the research development and transfor- energy-saving and environmental protec- Medium term

mation of energy-saving and environmen- tion products to meet market demand.Risk Type Risk Description Mitigation Measures Impact Period opportunities and long termtal protection technologies.The Company actively responds to the national

National and local governments Market Products that adopt energy-saving and The Company will closely keep up with "Carbon Peaking and Carbon Neutrality" policy

have successively introduced green environmental protection technologies are market trends and provide energy-saving

Medium term

devoting itself to enhancing energy efficiency and

and low-carbon regulations to opportunities more popular in the market. products that meet market demands.and long term

optimizing the energy structure to drive a compre-

address climate change. While these hensive green transformation of the economy and

measures promote environmental society. In the face of increasingly stringent environ- Medium term Due to other sudden changesthe sales The Company will closely keep up with

protection they may also increase mental regulations the Company proactively and long term Other volume of the company's products with market trends and seize market opportuni- Short term

the compliance costs of enterprises upgrades technological equipment deepens its opportunities energy-saving and environmentally-friend- ties.and bring risks of litigation or claims understanding of relevant regulations and ly features has increased.requiring enterprises to strengthen establishes a sound compliance management

environmental management and system to ensure that all operational activities strictly

ensure compliant operation.Policy and comply with legal and regulatory requirements.legal risks Climate Change Response

The Company will continue to increase investment in

and implementation of emission reduction

measures closely monitor the trends of the carbon

As the requirements of the "Carbon market and deepen cooperation with the govern-

Greenhouse Gas Emission Reduction Management

Peaking and Carbon Neutrality" ment industry associations and research institutions

goals become increasingly clear the to jointly explore emission reduction pathways and Medium term

policy pressure to reduce green- technological innovations. Meanwhile the Company and long term

house gas emissions is growing. will strengthen the monitoring and assessment of Actively utilizing Yueyang Goaland the Company's production base is equipped with Hunan Province's first MW-level the external environment promptly optimize smart microgrid system. This system integrates solar photovoltaic power generation facilities energy

emission reduction strategies flexibly respond to renewable energy storage batteries water-based energy storage devices electric vehicle charging piles an advanced

policy changes and ensure the achievement of microgrid control system and a smart energy management platform.sustainable development goals.Failure to identify and apply

energy-saving and environmental The Company will continue to vigorously engage in The Company has extensively planted a large number of trees within its factory premises and surround-

Technical friendly technologies in a timely research and development constantly striving for Medium term Planting a large ing areas which has not only greatly beautified the working environment offering employees and local

risks manner has led to low-carbon

more environmentally friendly and higher-perfor- and long term number of trees to residents a refreshing and pleasant green space but also significantly boosted the region's carbon

transformation of service levels mance products. enhance carbon sequestration capacity. Through the photosynthesis of these trees a substantial amount of carbon

lagging behind that of peers. dioxide is effectively absorbed and stored thereby reducing greenhouse gas emissions and making a sequestration positive contribution to combating global climate change. This concept of integrating enterprise

capacity development with harmonious coexistence with nature is an important reflection of Yueyang Goaland's

The Company may lose customers The Company will continue to keep a firm grasp on commitment to sustainable development.Market or increase costs if it fails to prompt- market trends always understand customer

risks ly assess changes in customer

demands from their perspective and continuously Short term

demands and energy costs. adjust its strategies. It will persist in updating

products to adapt to market changes.Reducing waste in The Company has adopted a lean manufacturing model to comprehensively optimize production

If the Company or its suppliers the production processes significantly reduce material waste and energy consumption and enhance production

generate negative impacts on the The Company will consistently pay attention to the efficiency and resource utilization. This strategy has not only improved the Company's economic benefits

Reputational climate or environment during

process through

social reputation of its suppliers. When selecting but also indirectly reduced carbon emissions demonstrating its sense of responsibility for environmental

production and operations it may suppliers the degree of environmental friendliness of Short term lean manufacturing protection.risks lead to damage to the Company's suppliers during their production and operation will

reputation thereby affecting its also be taken into consideration.corporate image and market

competitiveness.The Company has thoroughly implemented energy-saving management strategies comprehensively

The Company will continuously enhance its Implementing reviewing and optimizing energy usage from production processes to daily office operations. By

emergency response capabilities and maintain a energy-saving introducing high-efficiency energy-saving equipment promoting paperless office practices and

Other The adverse impacts of extreme weather and other objective factors certain production adjustment capacity to ensure a

strengthening energy monitoring the Company has significantly reduced electricity water and fuel

Short term management within

risks on the Company's production and smooth response to the impacts of such objective

consumption. These series of measures have not only effectively lowered operational costs but also

the Company imperceptibly achieved carbon emission reductions demonstrating the Company's firm commitment

operations. risks. Meanwhile the Company will adhere to the

"people-oriented" principle and always give top and practical actions toward environmental protection as a practitioner of green development.priority to the personal safety of its employees.-39- -40-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Build a Green Factory

Goaland not only implements the corporate green development concept in its products but also acts as a participant and practitioner of the "Belt

and Road" green supply chain. Among them Yueyang Goaland the global manufacturing and supply base of Goaland is a bright "image card" of Performance Indicators Technological Strength

Goaland in terms of energy conservation and environmental protection. Covering an area of 220-mu Yueyang Goaland has a forest of green

plants flowers and fragrance. Yueyang Goaland has the first MW-level smart microgrid in Hunan integrating solar photovoltaic power genera-

tion battery water-based energy storage car charging piles microgrid control system and smart energy management platform. The total invest- 177 21.53% 9 2

ment of the project is about RMB 20 million.Number of R&D Percentage of R&D Number of senior Number of

personnel personnel in total employees engineers Ph.D. holders

During the reporting period

1.47 million kWh 587 tons 1468 tons 399 tons 253956 kWh 364 74 223 67

Power Standard Coal CO? Emission Dust Emission Green Electricity Total number Number of Number of utility Number of

Generation Reduction Reduction Reduction Trading Volume of patents invention patents model patents design patents

9827

Since being connected to the grid in June 2017 145

Software Number of national Number of industry Number of group standards

copyrights standards drafted or revised standards drafted or revised drafted or revised

11.43 million kWh 4571tons 11428 tons 3108 tons 4832190 kWh

Power Standard Coal CO? Emission Dust Emission Green Electricity

Generation 5 9 1 21Reduction Reduction Reduction Trading Volume

Internationally leading Internationally advanced t Domestically leading National provincial and

technological achievements echnological achievements technological achievements municipal vertical

(and horizontal) scientific

Promote Green Office Practices research projects

36

Establishing a Green Office Policy Promoting Green Commuting National provincial and municipal scientific and

technological awards

In 2024 the Company continued to encourage its employees to To encourage employees to opt for green commuting options the

engage in green office practices in daily operations. Through notices Company has established bicycle and electric vehicle parking areas

announcements and posted slogans the employees were encour- provided shower facilities offered public transportation subsidies

aged to: print documents on both sides of the paper deeply recycle and run three shuttle buses to incentivize unified commuting Performance Indicators Safety-related

paper to reduce paper consumption; use discarded cartons for thereby reducing fossil fuel consumption. The Company has also set

express delivery; set office computers to power saving state 5 up new energy vehicle charging stations and electric bicycle

minutes screening off; close the doors/windows when turning on the charging stations in the park encouraging employees to purchase

air conditioners and set the temperature to 26°C; avoid using new energy vehicles for their commutes. Eighty percent of employ- 22 583 7 0

disposable tableware and dine in canteen to avoid waste etc. ees use new energy sources and public transportation for their

commutes. For employees who need to travel frequently the Internal safety Participants Government special Major and above

Meanwhile the Company has included violation clauses in the Company encourages them to choose low-carbon transportation inspections inspections safety accidents

employee handbook: the Administration Department regularly options such as high-speed trains and bullet trains and arranges

inspects improper behaviors such as damaging the environment itineraries reasonably to reduce unnecessary travel. These measures

wasting resources and failing to turn off lights computers and other help reduce the use of private cars and lower carbon emissions.electrical equipment after work. 0 0 100% 0

Administrative Safety accident and Workplace Occupational Number of Occupational

Promoting Paperless Office Practices Strengthening Environmental penalty economic loss Hazard Monitoring Diseases Caused by WorkFrequency and Coverage Rate

Awareness Education

To reduce paper usage the Company actively promotes paperless

office practices. By leveraging digital tools such as the OA system In addition the Administration Department has set up garbage 100% 315 0% 0

email and electronic document management systems the Company sorting delivery buckets in workshops office areas and garbage

has enabled online filing review approval and sharing of recycling areas and regularly carried out garbage sorting education Occupational Health Sign a safety related Incidence rate of Number of

documents thereby minimizing the need for paper document such as conducting online training on garbage sorting knowledge Examination Coverage Rate responsibility agreement occupational diseases work-related fatalities

transmission and approval procedures. Additionally employees are conducting publicity and education for its employees and cleaning

encouraged to use electronic documents instead of paper ones personnel and popularizing garbage sorting knowledge. In the

which not only reduces office costs but also improves work efficiency. Company's solid waste recycling center the common industrial solid 0

wastes are re-sorted and sorted and metal products paper

products and plastic products are sorted and recycled. Work-related fatalities per

100 million yuan revenue

-41- -42-Guangzhou Goaland Energy Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024 About Goaland Sound Governance Core Business Working Together Green Development

Performance Indicators Employee-related

Performance Indicators Resource Conservation and Emission Reduction

822320502260

Total number of Total number of employees Total number of employees Total number of new 3991588 kWh 1237.39tons 3043.99tons 1.47millionkWh

employees of parent company of subsidiaries employees in 2024

Power consumption Coal consumption CO? emissions equivalent Use of clean and

21% 46.59% 30.47% 35 equivalent renewable energy

Proportion of female Proportion of employees Proportion of technical Average age of 3108tons 1.79 tons 455.70 tons 253956kWh

employees with bachelor's degrees personnel employees

or above Cumulative reduction Total energy consumption Solar energy consumption Green electricity traded

3.85 0.85% 108 6263 in soot/dust emissions per million yuan revenue (tonnes of standard coal) during the reporting period(tonnes of standard coal)

Average tenure of Proportion of ethnic Training for middle-level Total Training

employees minorities and above managers Participants 4832190 kWh 443510 kWh 45728tons 5080.89tons

392 33 119 7 Green Electricity Power saved Tap water consumption Water savedTrading Volume

Cumulative Training Average monthly training Special job training and External training participation

Sessions Conducted sessions conducted job skill training by directors supervisors and

senior management 100% 1.47million kWh 587tons 1468 tons

10 112 6% Wastewater discharge The amount of green Standard Coal Reduction CO? Emission Reduction

compliance rate electricity during microgrid by microgrid by microgrid

Collective activities Sports activities Average remuneration reporting period

organized organized growth rate of employees

in 2024 399tons 11.43million kWh 4571tons 11428 tons

Dust Emission Reduction Cumulative green electricity Cumulative reduction in Cumulative CO? emissions

Performance Indicators Information Disclosure-related by microgrid generation by the microgrid standard coal consumption reduction by microgrid

by microgrid

65 67 6 4 3217tons 4.66 tons

Number of announcement Number of documents Survey record forms Number of shareholders'

documents published online meetings held Indirect greenhouse Indirect greenhouse

gas emissions gas emissions per

7 10 4 91 million yuan revenue

Number of board Number of meetings held Online performance Responses to investor

meetings held by specialized board briefings questions on the

committees Interactive Platform Performance Indicators Hazardous Waste Management

100% 1 21people/times 331

Response rate on the Collective investor Investor visits received Investor hotline calls 100%

Interactive Platform reception activities answered 6tons 4535tons 8054tons

Hazardous waste Hazardous waste Total amount of Total amount of wastewater

40.59% transferred by hazardous disposal rate reclaimed water reused discharged after treatment

waste receiving facility

Performance Indicators Customer-related Market value

growth rate

0 0 Performance Indicators Other

Customer complaints Delays in on-site

received problem handling 33.98million 546000

Total taxes paid（RMB） Total social donations（RMB）

-43- -44-广Gu州an高g澜zh节ou能 G技oa术la股nd份 E有ne限rg公y 司Conservation Tech. Co. Ltd. Environmental Social and Governance Report of 2024

Index of Indicators《SELF-REGULATORY GUIDELINES NO. 17 FOR COMPANIES LISTED ON SHENZHEN STOCKEXCHANGE — SUSTAINABILITY REPORT (TRIAL)》

CONTENTS Disclosure Indicators Disclosure Indicators(Based on Self-Regulatory Guidelines) (Based on Other Material Issues) Page

About this Report

Company Profile 01

About Goaland

Goaland 2024 03

Governance Due Diligence Stakeholder Communication Employees Governance 05

Section I ESG Governance Communication with Stakeholders

Governance for 08

Strengthening Risk Control and

Compliance Anti-Bribery and Compliance and Risk ControlFoundation Management Anti-Corruption Due Diligence Tax Management 12

Practicing Business Anti-Bribery and Anti-Corruption

Ethics Anti-Unfair Competition 13

Focusing on Thermal Innovation Driven Development Customer Service Safety Production

Management Products Technology Ethics Safety and Quality Management Sustainable Products 14

and Services of Products and Services Collaborative Industry Advancement

Supply Chain Security Supply Chain Security Equal Treatment 18

Section II of SMEs

Focusing on Occupational Health Safety and Quality of Employees Safety Production Management 19

Core Business and Safety Production Products and Services Occupational Health

for Building Employee Rights Employee Rights Protection

Industrial Protection

Employees

Occupational Health 22

Pioneer Investor Rights

Protection Communication with Stakeholders

Investor Relations Management 29

Customer Rights Safety and Quality of Products and Customer Service Intellectual

Protection Services Data Security and Customer Privacy Protection Property Management

30

Section III Supplier Rights Supply Chain Security Data Security and 33Protection Customer Privacy Protection Intellectual Property Management

Working Together

in Unity for Sharing Creditor Rights Protection Communication with Stakeholders

35

Development

Achievements Public Welfare

Initiatives Rural Revitalization Social Contributions Philanthropy & Public Welfare 35

Pollutant Emissions Waste Disposal

Improving Ecosystem and Biodiversity Conservation

Section IV Environmental Environmental Compliance Management Sustainable Product 37

Management Energy Utilization Water Resource Green Development Utilization Circular Economy

for Building a

Beautiful Climate Change Climate Change Addressing Sustainable ProductResponse 39

Environment

Promoting Green Energy Utilization

Office Practices Water Resource Utilization 41