2024 Environmental Social and Governance (ESG) ReportLongShine Technology Group Co. Ltd.Contents

About This Report 01

Message from the Chairman 03 01 02 03

About LongShine Group 05

ESG Management 13 Smart Energy Driven by Innovation Responsible Business

Leading the Future Advancing with Practice Building a

Determination Strong Foundation

Empowering Energy Innovation Through 19 Center of Innovation Hub of 29 Low-Carbon Pioneer Leading the 45

Looking Ahead 87 Digital and Intelligent Technology Intelligence Green Trend

Appendix 89 Driven by Innovation Advancing with 21 Commitment to Excellence Building a 35 Strengthening Internal Controls as 53

Determination Trusted Brand Governance Foundation

Responsible Business Practice Building 25 Putting Customers and Services at the 39 Compliance Ensuring Steady and 57

a Strong Foundation Center Sustainable Growth

Improving Supply Ecosystem Through 41 Safeguarding Information and Data 61

Win-Win Collaboration Security

0405

Empowering Demonstrating

Employees Building Responsibility

a Shared Future Benefiting Society

Warm Workplace: Building a Dream 69 Public Welfare Strategic Layout 81

Home Together

Life Care 83

Career Growth: Enabling Career 73

Development Rural Revitalization 85

Health Guarantee: Safeguarding 78 Support for Vulnerable Groups 86

Employees’ Physical and Mental HealthAbout This Report

About This Report

This report is the fourth Environmental Social and Governance (ESG) Report issued by LongShine Technology Group Co.Ltd. Based on the principles of objectivity standardization transparency and comprehensiveness it discloses in detail the

practices and achievements of LongShine Group in advancing sustainable development.Time Frame Abbreviation Description

The time frame of this report is from January 1 2024 to December 31 2024 with part of its For ease of expression and reading LongShine Technology Group Co. Ltd. is also represented

contents traced back to previous years. by “LongShine Group” “Company” and “we” in this report.Organizational Scope Data Description

This report takes LongShine Technology Group Co. Ltd. as the principal part and further All information and data quoted in this report are quoted from the Company’s official

includes its branches subsidiaries and directly affiliated organizations. documents statistical records and financial reports. The content of this report is provided by

employees and partners of LongShine Group. The sole purpose of this report is to disclose the

progress of sustainable development management of LongShine Group not for commercial

purposes.Compilation References

This report is compiled and edited mainly on the Shenzhen Stock Exchange Guidelines for Report Acquisition

Self-regulation of Listed Companies No. 17—Sustainable Development Report (For Trial

Implementation) and with extensive reference to the Corporate Sustainability Disclosure

Standards—Basic Standards (For Trial Implementation) the Shenzhen Stock Exchange E-mail: ir@longshine.com

Guidelines for self-regulation of Listed Companies No. 1—Standardized Operation of Listed

Companies on the Main Board Market GRI (Global Reporting Initiative) Standards and the Address: LongShine Technology Industrial Park No. 118 Jinghui East Road Xinwu District

S&P Global Corporate Sustainability Assessment (CSA) standards. Wuxi City

Website: https://www.longshine.com/

01 02Message from the Chairman

Message from the Chairman

Technological innovation remains our core competitive strength. In 2024 we have invested heavily

in AI technology research and applications collaborating with multiple top universities to empower

the establishment of new power systems of energy digital intelligence and drive the innovative

development in IoE scenarios. We have launched several key AI-powered solutions including the

intelligent AI charging model Xindiantu Rabbit intelligent site selection for charging operators time-

series forecasting models and AI agents which demonstrate our commitment to upgrading our AI-

driven smart energy strategy. The R&D achievements of AI technologies have been applied in auxiliary

power trading systems driving a more than fivefold year-on-year increase in traded electricity volume

and delivering a positive profit contribution.We remain steadfast in green development. Xindiantu platform helps reduce our carbon emissions

by over 3 million tons annually. The carbon-neutral demonstration parks have been officially certified.In addition the green asset on-chain project in collaboration with Ant Digital has pioneered the

tokenization of new energy physical assets. These efforts showcase our strong resolve in supporting

the national “dual carbon” goals.On the social responsibility front we uphold the principle of “turning kind intentions into wiseactions” and have established a public welfare framework based on “one vision two mechanismsand three focus areas”. We have carried out initiatives in life care rural revitalization and support

for vulnerable groups under the LongShine Public Welfare Foundation and the Beijing Daisy Flower

Charity. This year we hosted the themed event for World Hospice and Palliative Care Day organized

by the Chinese Association for Life Care to support the development of palliative care services. We

also launched the inaugural LongShine Public Welfare Day and established the LongShine VolunteerAssociation encouraging more employees to engage in public welfare initiatives and making “tech forThe year 2024 marks a critical phase in the strategic improvement of LongShine Group. We focus on good” a continuous source of momentum for our development.growth propelled by energy digital intelligence and the Internet of Energy (IoE) continuously driving

business innovation and upgrades with the goal of becoming an AI-driven leading technology and Looking ahead LongShine Group will stay committed to AI technological innovation and green

energy enterprise. development. We will deepen the research and applications of AI technologies expand the

connectivity of our IoE platform and make electricity services smarter and greener.The Company has optimized and restructured its business portfolio resulting in strong growth

momentum in its core businesses and laying a solid foundation for the development of the smart Here on behalf of LongShine Group I extend my heartfelt thanks to all our partners customers and

energy sector. Our power grid digitalization business has expanded to 29 provincial power grids and members of society who have supported us along the way. Let’s continue working hand in hand to

more than 10 countries. “Xindiantu” our aggregated charging platform has attracted more than 18 advance the development of green energy and use technology to illuminate a greener and better life!

million registered users with over seven million new users added this year. The total annual charging

volume reached 5.2 billion kWh connecting more than 1.6 million charging devices. Meanwhile the

installed capacity of distributed energy that we have connected has exceeded 25 GW providing Chairman

strong support for the development of new power systems.

03 04About LongShine Group

About LongShine Group

Company Profile LongShine

LongShine Group is a leading energy science and technology enterprise headquartered in Wuxi Jiangsu Province. Our LongShine: The sun rises and clears the sky bringing a sense of brightness and freshness. Its meaning is to describe the fresh

operations and branches extend across 31 provinces and regions within the nation as well as spanning more than ten and clear weather of the universe’s formation at the beginning of heaven and earth. LongShine Group continues to break

countries and regions globally. We provide long-term technical and operational services for more than 14000 government new ground and embrace innovation working hand in hand with all sectors of society to drive green transformation through

and enterprise customers and more than 500 million household users across the country. digital intelligence for a better future together.LongShine Group focuses its development strategy on energy digital intelligence and the IoE. We integrate AI technologies to

deliver more convenient cost-effective and eco-friendly electricity services through digital-intelligent services scenario-based Performance Indicators

connections and platform-based trading. Committed to becoming an AI-driven leading technology and energy company

LongShine operates on two fronts. In the field of digitalization and intelligence the company provides core business software

solutions and digitalization services to customers such as State Grid Corporation of China China Southern Power Grid and

Power Energy Group supporting the development of new power systems. In the field of IoE the Company builds electricity

service scenarios including utility bill payments integrated EV charging virtual power plants and microgrids offering digital-

intelligent operations and AI-powered electricity trading services for energy consumers.With its technological advantages innovative business models and high-quality services LongShine Group has been Operating revenue Operating net cash flow

recognized as one of China’s Top 500 New Economy for consecutive years. It has also received awards such as the MIIT Top

100 Software Companies China ESG Pioneer Enterprise Award Dual Carbon Action Award Top 100 Software and IT Services million million

Enterprises with Competitive Strength and China’s Leading Enterprise in Digital Energy Applications. 4479 554

Corporate Culture

Total cash dividends (including share repurchases) Total numbder of employees

Value Vision 409 million 5551

Good product good service Making energy operations

and sincerity smarter and energy

consumption greener

Corporate Qualifications

Purpose Mission LongShine Group has established a comprehensive qualification system that spans multiple horizontal domains and

vertical specializations. The Company actively builds a standardized capability moat with both breadth and depth which

We remain committed to integrity Technology Illuminates a demonstrates its integration strengths in cross-domain collaborative projects and leading technical expertise in specialized

innovation and hard work to Better Life markets. By fully embracing AI technologies and extensively connecting resources this system effectively supports the

create value for our customers sustained and efficient growth of the Company’s three major business groups. To date LongShine Group has obtained 133

benefit our employees reward our corporate qualifications across various areas including quality management IT services information security management

shareholders and contribute to environmental protection and occupational health green and low-carbon development intellectual property protection and

society. engineering and construction.

05 06About LongShine Group

Awards and Honors Highlights

Smart Energy Leading the Future

Energy Digital Intelligence

LongShine Group has In 2024 the Company added The Company’s overseas

Leading Enterprise in 2024 ESG Awards 2024 Scenario for been in the energy 4 power business has ESG Comprehensive on Environmental Digital Consumption and sector for new provincial-level power expanded to

Practice Responsibility Innovation in Jiangsu 27 years. and energy customers in China China International Fair for Capital Week Jiangsu Public Service 11 countries.Trade in Services Management Office bringing the total to 29.IoE

By the end of the In 2024 the Company achieved a The platform now

reporting period major breakthrough in its energy serves over

Xindiantu had reached trading business with total trading 500 million

Top 100 Software and IT Top 100 Distributed 2024 Leading Example 18 million registered volume exceeding 1.9 billion energy users.Services Enterprises with PV Service Provider for “Zero Carbon China” users.Competitive Strength in 2024 Initiative kWh including nearly 300

China Information Technology The Organizing Committee Zero Carbon China of the million kWh of green electricity

Industry Federation (CITIF) of the Wuxi International Investment Association of China representing a more than sixfold

Renewable Energy Exhibition year-on-year increase.Digital-Intelligent Home

In 2024 the Smart Home We collaborate with over The platform covers

Service Platform reached

over 30 telecom 27 provinces and

2024 “BJX Cup” Influential

Enterprise in Carbon 2024 Top 10 China EV 2024 Leading Model of 80 broadcasting and TV regions.Charging and Battery million internet TV Peaking and Carbon Swapping Brand Data Business Application operators.Neutrality Practice users.www.bjx.com.cn The Organizing Committee of the 10

th 2024 Future Data

China international EV Charging & Battery Business Conference

Swapping industry Conference 2024

http://gcbc.chongdian360.cn/

07 08About LongShine Group

Driven by Innovation Responsible Business Practice

Advancing with Determination Building a Strong Foundation

Center of Innovation Hub of Intelligence Low-Carbon Pioneer Leading the Green Trend

Total R&D investment in 2024 is R&D team has A total of

In 2024 LongShine In 2024 LongShine Group In 2024 the Company

537 3218 319 Group conducted its first obtained ISO 14001 Environmental consumed RMB million accounting for employees patents for greenhouse gas verification Management System certification

making up major and specialized

11.98% covering over of total revenue. projects are in hand. and was awarded a carbon 113706557.97% kWh of photovoltaic of the total neutrality certificate by a 90% of its business operations.

workforce. third-party certification body.electricity.Commitment to Excellence Building a Trusted Brand Strengthening Internal Controls as Governance Foundation

Full coverage of 31 project management 100% In 2024 female In 2024 independent As of the end of the reporting of projects

major qualifications directors accounted for directors accounted for period the average attendance capability training sessions have undergone quality rate of the Board was

with management review of the Board. of the Board.A full-spectrum qualification 25% 37.5%sessions. .system is established across

the entire business chain. 3271

100%

participants have

been conducted.Compliance Ensuring Steady and Sustainable Growth

Putting Customers and Services at the Center

During the reporting period In 2024 the Company did In 2024 the Company

the Company recorded investigated

Customer complaint rate 99% Customer satisfaction rate not experience any lawsuits remained below Over of customer was above zero lawsuits related or administrative penalties 16 integrity and

complaints have been to corruption. related to unfair competition. compliance cases.

5%. properly resolved. 95%.

Safeguarding Information and Data Security

Improving Supply Ecosystem through Win-Win Collaboration

0 The Company passed incidents the annual audit for No major 100% of products A comprehensive supplier We have partnered of information cybersecurity underwent security

management system 100% of the suppliers with a total of ISO 27001 Information

collaborating with the security Security Management incidents testing and control with

We have been improving Company signed the and privacy System with occurred.the comprehensive supplier 1858 Honesty and Integrity protection 100% of the

management system covering suppliers.Agreement. violations. 100% coverage of middle-to-high risk“access-review-evaluation- relevant operations. errors fixed.classification” process.

09 10About LongShine Group

Empowering Employees Building a Shared Future Demonstrating Responsibility Benefiting Society

Warm Workplace: Building a Dream Home Together Public Welfare Strategy

All employees Total public welfare investment reached Parental leave benefits a total of Employees completed One vision: Turning kind intentions into wise

actions RMB 3.5 million

We provide all employees 729 employees with a total 11386 fitness

with of check-ins. Two mechanisms: Company-led initiatives 18894 people benefited from the and foundation-led initiatives public welfare programs

12 days of paid annual 7097.7 days granted. Three focus: Life care rural revitalization Total volunteer hours reached nearly

leave. and support for vulnerable groups 3000 hours

Life Care

Career Growth: Enabling Career Development

Collaboration with 25 hospices provided special subsidies for 150 beneficiaries

We conducted Total training investment A total of

223539 reached RMB 916 Humanistic care services in hospice wards benefited 400 people hours of online courses weretraining. 3368100. hosted on the “LongShine Life care awareness TV programs reached 9000 viewersM-learning” platform.Rural Revitalization

Health Guarantee: Safeguarding Employees’ Physical and Mental Health

RMB 100000 dedicated to senior-friendly home renovation in Huzhu County Haidong City

Free Health Mental Health Health care RMB 900000 in special support to a nursing home in Ganzi Tibetan Autonomous

Checkups Support Prefecture Sichuan Province

We organized free annual Psychological counseling We provided all employees Support for Vulnerable Groups

physical checkups. is offered through the with supplementary health

Sunshine Chat Room. insurance.

884 elderly people who are in special conditions received assistance in LongShine Group’s

24 volunteer activities.

Donation of 200 smart terminal devices to elderly care institutions in Wuxi City

Daisy Summer Camp for left-behind girls in Xinjiang benefiting 50 children

Supported students in 50 low-income families including material aid and educational subsidies

Signature Public Welfare Activities

The First LongShine The First Annual

Public Welfare Day Conference of LongShine

Events for the World Hospice

Volunteer Association and Palliative Care Day

11 12ESG Management

ESG Management ESG Strategy

LongShine Group is committed to driving sustainable operations through comprehensive ESG governance. We believe that In 2024 based on its corporate value and business strategy while considering macro market conditions development mission

a well-structured ESG strategy is essential for creating both economic and social value. By continuously optimizing our ESG and business direction LongShine Group formulated the “1+5” Sustainable Development Strategy which was approved by

governance structure and management system and actively responding to stakeholder needs we ensure the Company’s the Board of Directors. Closely aligned with the Company’s core values this strategy provides systematic guidance for our

high-quality and stable development. ESG-related work and empowers our business development.We take “Technology Illuminates a Better Life” as our mission for sustainable development. Guided by our business purposeESG Governance of “integrity innovation and hard work to create value for our customers benefit our employees reward our shareholdersand contribute to society” we have aligned our core business with the United Nations Sustainable Development Goals. In

In 2024 LongShine Group introduced the Rules on the Work of the Sustainable Development Committee of the Board of light of this we have formulated our ESG strategy and defined five key strategic tasks. In addition responsible departments

Directors of LongShine Technology Group Co. Ltd. establishing a top-down three-tiered ESG governance structure with have been designated and clear action plans have been laid out to ensure the effective execution and implementation of

clearly defined responsibilities at each level. The Company holds at least one Sustainable Development Committee meeting the strategy.each year to discuss ESG-related matters with special meetings held as needed to address urgent issues. This structure

ensures the effective implementation of ESG-related work across the Company.The Structure and Responsibility of LongShine Group’s ESG Sustainable Development

Group

Mission Technology Illuminates a Better Life

Board of Directors

Governance

● The highest governing body for the Company’s ESG initiatives who is

responsible for overseeing and approving ESG matters and reviewing Business Integrity innovation and hard work to create value for our customers

related progress. Purpose benefit our employees reward our shareholders and contribute to society

ESG Sustainable Development Committee

ESG

● Responsible for supervising and making decisions on the Company’s ESG Strategy Digital-intelligence technology powers green and low-carbon development

policies.● Assisting the Board of Directors in identifying and assessing ESG-related

risks and opportunities. Decision-Making

Strategic Technology Innovation- Responsible Benefiting Contributing

ESG Sustainable Development Leading Group Task and energy driven operations employees to society

● Responsible for establishing the Company’s ESG strategic planning

setting ESG-related goals and outlining action pathways.ESG Sustainable Development Office

ESG Sustainable Development Strategy

● Responsible for coordinating internal and external resources collaborating

with relevant departments and driving ESG implementation. Execution

Working Group on ESG-Related Issues

● Responsible for executing specific sustainable development initiatives.The remuneration and performance of our Board members senior management and ESG-related employees are linked

to ESG indicators. According to internal policies we adopt quantitative indicators to assess the effectiveness of our ESG

management strategies. This approach not only measures the annual performance of relevant personnel but also recognizes

and rewards their contributions to LongShine Group’s ESG development.

13 14ESG Management

Identification of Double Material Issues Stakeholder Communication

LongShine Group actively listens to both internal and external stakeholders. By identifying material issues analyzing their Stakeholder communication is a key aspect in our ESG management. Based on industry characteristics and the Company’s

impacts and financial materiality and seeking management input we have finalized the 2024 double materiality matrix. situation we identify key stakeholders and maintain regular communication with them through multiple channels and in

various forms. This enables us to respond promptly to issues of concern. All stakeholders are encouraged to contact us

directly at ir@longshine.com and we will ensure a timely response to meet their expectations and demands.Identifying With reference to regulatory requirements peer performances both domestically and

material issues internationally media information analysis and on-site research key issues have been identified consolidated and refined to compile the Company’s list of material issues for 2024.Stakeholders Issues of concern Response channel Communication effectiveness

An impact materiality assessment questionnaire is distributed to key stakeholders including ● Lawful operation ● Daily report and ● Improve the Company’s

Analysis of the government and regulatory agencies shareholders and investors customers and suppliers ● Pay taxes according to communication governance system

issue’s impact to gain deeper insights into their concerns expectations and demands regarding sustainable law ● Special research and ● Create a good external

development. Government and ● Business ethics and ● onsite meeting environment for corporate

regulatory authorities anti-corruption ● Information development

● Boost employment disclosure and report ● Provide more jobs

Financial Based on research findings from various Company departments the financial indicators ● Satisfactory return on ● Annual report and

materiality associated with each issue are identified and their financial materiality is assessed. ● investment announcement Establish good relationships with investors

●

Shareholders and Good market value

● Roadshow

● Improve investor trust

investors ● Open and transparent ● Shareholders’ ● Regularly release announcement

Confirming the Input from the Company management is then gathered to evaluate the materiality of ESG- information meeting

priority of the related issues from the Company’s perspective which results in a double materiality matrix. ● Telephone service ● Address customers’ demands in

issues This matrix is subsequently reviewed and approved by the Board of Directors.Smooth communication hotline an effective and timely manner●

●

High-quality services Customer

● Constantly improve customer

●

satisfaction survey service

Customers ● Quality product

● Professional ● Improve quality management

LongShine Group 2024 ESG Double Materiality Matrix Highly material issues customer service system

● Fair procurement ● Supplier conference ● Strengthen supplier management

● Integrity and mutual ● Strategic ● Improve supply chain efficiency

Information security and privacy benefit cooperation ● Establish sound cooperative

Employee rights and interests protection Product quality and Suppliers ● Stable cooperation ● Regular assessment relations

Anti-commercial bribery and anti-corruption Intellectual property customer services

Operational compliance protection R&D and innovation

●

Anti-unfair competition Leading industry development Clear career development pathOccupational health and safety ● Protection of interests ● Staff congress

Stakeholder communication Corporate governance and rights

● Create a harmonious working

●

ESG governance Employee care Complain mailbox

Ethics of science and Low-carbon products ● Career development

environment

●

Responsible supply chain Job satisfaction ● technology Employee training and development Staff ● Occupational health survey Build a healthy and safe working

Social contribution environment

Green operations ● Community ● Establish good community

development Community publicity relations● Rural revitalization Resource and energy utilization ● Help those in poverty ● Donation Create a good external ●

Environmental management Communities and the and in need environment for corporate ●

Emission management public ● Build a harmonious

Voluntary activities development

community ● Support rural revitalization

Greenhouse gas emissions and management

Responding to climate change ● Annual report and ● Establish good relations with the

Environmental issues ● Financial performance ● announcement media

Social issues ● Corporate governance ● Press conference ● Maintain a responsible company’s

●

Less material issues Governance issues Media Information disclosure

● Press releases image

● Media interview ● Obtain public recognition

Financial materiality to the Company

1516

The materiality of impacts on economy society and environmentS科m技ar能t Energy 01 Leading源 th，e F引ut航ur未e 来LongShine Group is a lead ing sc ience and

technology enterprise in the power and energy

sector with energy digital intel l igence and

the IoE as its development strategic focus. By

integrating AI technologies we provide users with

more convenient cost-effective and eco-friendly

electricity services through digital services scenario-

based connectivity and platform-based trading.Leveraging digital and intelligent technologies we

are driving energy transformation and supporting

green low-carbon development.Empowering Energy Innovation 19

Through Digital and Intelligent

Technology

Scenario-Based Power Trading 21

System

Exploring Smart TV Redefining 25

Digital Lifestyle

This chapter addresses four SDGs.Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Empowering Energy Innovation Through Digital E-Power Qianwen—a Business Intelligence Product

and Intelligent Technology

LongShine Group participated in the development of the

“e-Power Qianwen” intelligent data inquiry product which

has been launched at the State Grid Zhejiang Electric

Overview Power’s Marketing Service Center and is currently being

piloted in Hangzhou and Ningbo Power Supply Companies.For 27 years LongShine Group has been engaged in the power and energy industry providing software solutions in electricity The product is powered by the “Guangming Power Largeservices to major customers such as State Grid China Southern Power Grid and CHN Energy. The Company plays a key role Model + vertical marketing-specific small models” which

in the digital and intelligent transformation of the power grid intelligent innovation and upgrades and the construction of enables natural language interactions for data queries

new power systems. With a strong presence in the power digital-intelligent services sector LongShine Group has tapped analysis and report generation. It can accurately visualize

into the domestic market evolving from offering core marketing service systems to delivering a comprehensive suite of “dynamic electricity usage profiles” for enterprises and

solutions including marketing data acquisition load control EV charging platforms data middle platforms and AI-powered provide data support for government decision-making.applications. We have supported innovative applications across multiple provinces. In the field of technological innovation In the future its application will expand to areas such as

the Company has adopted a comprehensive “Cloud + AI” technological architecture leveraging cutting-edge AI technologies policy interpretation knowledge Q&A and business training

to support the building of new power systems. supporting the digital and intelligent transformation of

power marketing.Key Milestones Supply and Demand Interaction Research

In August 2024 LongShine Group in collaboration with Yunnan Power Grid and several universities participated in a national

AI Integrated Development Deployment: We key R&D project which focused on energy consumption and supply-demand interaction. We have completed the application

have established an AI integrated organization and validation analysis and performance evaluation of the energy-saving and supply-demand interaction system for energy

management mechanism covering R&D coordination intensive industrial users.strategic planning brand promotion internal and

external collaboration and market expansion to

Rapid Breakthroughs in Technological achieve comprehensive deployment for AI integrated Zhejiang Marketing Brain 2.0

Innovation: In response to national development.strategies of bui lding scientif ic and Zhejiang Marketing Brain 2.0 is an innovative product which leverages cross-graph fusion computing technology to build

technological strength and promoting Widespread Recognition and Awards: In 2024 we a comprehensive business operation monitoring system. It features an integrated resource ledger an integrated business

science and technology in grid enterprises assisted customers in winning over 20 awards across dashboard an integrated service map an integrated alert checklist and an integrated product access. This platform

the Company’s market-facing units and international national and provincial competitions and empowers the digital and intelligent transformation of marketing management reduces frontline workload and enhances

middle platform departments have jointly programs and received dozens of letters of commendation operational efficiency. Its core technologies won the First Prize for Scientific and Technological Progress and the Second Prize

explored opportunities in technological from customers. We also led the drafting of the industry for Power Science and Technology Advancement from State Grid.innovation leading to exponential growth standard of the Specifications for the Construction

in project scale. Operation and Evaluation of Zero-Carbon Smart Parks. These Smart Q&A System

honors have not only enhanced customer satisfaction but

also strengthened mutual success and laid a solid foundation

for the Company’s market expansion. As part of the Shandong Knowledge Base Project LongShine Group focused on developing a strong marketing knowledge

Deep Cooperation with State Grid Headquarters: base and enhancing service capabilities:

New breakthroughs have been achieved in the

cooperation with State Grid headquarters. We have

played a leading role and participated in projects such ● Integrating domain knowledge across electricity rates customer service business expansion and energy

as the Green State Grid initiative electricity demand Highlights in Innovative Products: We have metering and consolidating basic knowledge resources for marketing.forecasting platform energy big data platform and introduced the innovation management measures ●

the “95598” service support platform. Our efforts have encouraging all departments to enhance their

Conducting knowledge processing setting sample standards completing the processing of knowledge

samples and transforming knowledge into vectorized formats for further reporting and system.been seen in the R&D and implementation of these product R&D capabilities. Major breakthroughs

●

headquarter-level projects which mark the successful have been achieved in various projects including Training marketing LLMs improving model accuracy through annotated sample data and developing

Zhejiang Marketing Brain 2.0 an intelligent general-purpose applications such as knowledge Q&A systems electricity rate explanation and a digital adoption of a collaborative model with the provincial- “Smart Pocket Book”.level markets. bidding evaluation system the Xinjiang intensive

management platform DATAIDE 5.0 zero-carbon ● Establishing a chain of knowledge data for seamless collection analysis refinement transformation and

parks electricity trading centers and digital application. A comprehensive marketing knowledge system is formed serving as the knowledge base and

simulation training platforms all of which have laid laying the groundwork for a self-reinforcing highly-efficienct knowledge ecosystem. It helps cultivate a new

a strong foundation for the long-term development quality productive force that “integrates marketing expertise with intelligent technologies.”

of energy digital intelligence solutions.

19 20Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Scenario-Based Power Trading System

Overview

LongShine Group has been innovating in the IoE sector for over a decade. It has built and now operates diverse electricity

service platforms such as utility bill payment portals aggregated charging networks virtual power plants and microgrids. As

platform-based electricity trading becomes a regular practice the Company leverages its rich portfolio of electricity service

scenarios to connect a wide range of user loads and distributed energy resources. AI technology enables the Company to

achieve platform-based power trading driving the digital and intelligent transformation of the energy sector and promoting

green and low-carbon development.Utility bill Electricity

payment trading

Through partnerships with platforms such as Alipay Drawing on AI-powered industry models and electricity

LongShine Group provides users with a closed-loop Aggregated service scenario LongShine Group enables market-online service covering inquiry payment billing and Virtual power based electricity sales green electricity trading demand

e-invoicing for utilities including electricity water gas charging networks plant response and ancillary power services through its IoE

and heating. platform by aggregating load resources and distributed

new energy of small and medium commercial and

We use Xindiantu to integrate upstream and downstream Leveraging energy IoT technology LongShine Group provides industrial users charging plants and stations and parks.industry resources and enable interoperability with end-to-end services for distributed PV stations from monitoring

Cumulative users served: charging operators to deliver a high-quality and convenient settlement and operation and maintenance via a distributed Total traded electricity:

500 charging experience for new energy vehicle owners. PV cloud platform. By doing so it enhances generation million efficiency and reduces costs. The Company also offers low- Over 1.9 billion kWh

carbon park operations based on its integrated solar-storage-

Number of connected public service Registered users: charging solutions. We also deliver services across platform Green electricity traded:

institutions:

18 development charging operations energy management user 6500 Over million engagement and asset operations for the integration of new Nearly 300 million kWhOver energy vehicles advancements in the new energy industry

Total charging volume: smart highway infrastructure and cloud computing technology.

11.8 It supports the construction of the charging infrastructure billion kWh network and enables intelligent and green transportation.

Number of aggregated charging Number of connected PV stations:

devices:

Over 1.6 Over 477000 million

Total connected capacity:

25 GW21 22Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Xindiantu Gaozhou Zero-Carbon Digital Industrial Transfer Park

With the mission of “simplifying charging enhancing operations” LongShine Group has created Xindiantu an aggregated

charging platform. It has four core competitive strengths including ecosystem collaboration electricity services digital In 2024 LongShine Group partnered with the Gaozhou Municipal Government and local industrial investment

operations and industrial connectivity aiming to establish a “nationwide digital charging network.” By integrating upstream companies to develop a zero-carbon digital industrial transfer park which is a model of its kind. Within three to five

and downstream resources including OEMs and B2B vehicle service providers Xindiantu introduces an innovative business years the project aims to integrate over 500MW of PV capacity install more than 20000 EV charging stations secure

model that helps bridge supply-demand mismatches in EV charging. It provides efficient operational support for charging RMB 20 million in provincial industrial transfer funds and attract RMB 200 million private capital in PV investments.service providers and convenient charging solutions for EV owners driving the high-quality development of the charging This project has become a fine example of green development in county under the Guangdong Provincial “Hundredecosystem. At the end of the reporting period Xindiantu had 18 million registered EV owners. Thousand Ten Thousand” project supporting regional green economic transformation promoting sustainable

Furthermore Xindiantu has developed a fully integrated service ecosystem. With the help of its AI assistant Xindiantu Rabbit consumption and reducing carbon emissions.and Intelligent Site Selection among other products the platform delivers a convenient and efficient charging experience for

both users and businesses. It is also connected to virtual power plants and integrated energy solutions such as PV power

generation-storage-charging systems further enhancing energy connectivity and system efficiency. Electricity Trading and Services

LongShine Group continues to expand its smart electricity trading system reaching across major energy-consuming

One Toolkit Multiple industries including industry commerce transportation and public utilities. By leveraging trading contracts digital platforms

Services for Users Services Service for Businesses and microgrid technologies we ensure a dynamic balance between supply and demand for wind solar hydro and energy

M storage across various consumption scenarios. In 2024 LongShine Group achieved a major breakthrough in electricity

Extensive Smart U B Operational Supply Products u AI Tools trading with the total traded volume surging from 280 million kWh in 2023 to 1.9 billion kWh (with nearly 300 million kWh Support

er

s sin green electricity traded) marking a more than sixfold year-on-year increase.s e

Premium Selected U

ss

Charging es Our power trading platform provides professional support such as market evaluation volume-price analysis load forecasting Experience Stations Financial

Services More Data price prediction and bidding strategies empowering intelligent operations of the electricity market. In August 2024 electricity

Xindiantu traded on LongShine Group’s platform exceeded 1 billion kWh for the first time.Eco Additionally LongShine Group made significant technological advancements in power trading winning the first prize in the

Service Ecosystem -sy gy Connecting Energy inaugural Zhejiang Power Trading Simulation Competition in 2024.st erem En

Connectivity Ad Services A Green Electricity Energy Storage

E Cooperation Cooperation Green Asset On-Chain Cooperation to Improve Service Scenarios

Empowering the Industry

Product and Rights and Building an Ecosystem Solar-storage-

Service Interests Virtual Power Services Plant charging Systems In August 2024 LongShine Group in collaboration with Ant Digital successfully completed China’s first Real World

Assets-tokenization (RWA) project based on renewable energy assets in Hong Kong. The project leveraged over

9000 charging piles from Xindiantu and energy investment platforms as RWA-backed assets. Using blockchain

Xindiantu Service Ecosystem

technology and trusted data sources digital assets were issued to represent these charging piles creating an

innovative financing mechanism that raised approximately RMB 100 million. The initiative not only provides a new

Carbon-Neutral Park financing channel for renewable energy assets but also enhances transparency and traceability through blockchain

technology setting a benchmark for the integrated development of green finance and renewable energy.LongShine Group’s Zero-Carbon Park Comprehensive Solution is an integrated technical road map and a set of measuresdesigned for manufacturing logistics and warehousing parks helping the transition to “intelligent spatial services cleanenergy consumption low-carbon park development and visualized panoramic data.” To empower the green and intelligent CM Financial Technology’s Hebao Travel Carbon Credit Programupgrading of all types of parks the Company leverages solar-storage-charging microgrids and adopts a “build-manage-operate” model to establish a long-term governance framework for zero-carbon park to ensure efficient and low-carbon park

operations. In December 2024 LongShine Group won the bid for China Mobile’s Carbon Credit Program. A nationwide carbon

credit system was launched via the China Mobile Super App and Hebao App. Super SIM technology enables

Currently the Zero-Carbon Park Solution has been implemented in locations such as: LongShine CPU Park in Wuxi Jiangsu;

the system to connect to buses subways and other public transit networks. The system handles carbon credit

SME Innovation Park in Yangzhou Economic Development Zone Jiangsu; Tianfu Software Park Qingcheng Branch Chengdu

standards data collection carbon accounting personal carbon footprints and carbon asset trading. Now the system

Sichuan; Boao Zero-Carbon Demonstration Zone Hainan; and Ganquanbao Economic and Technological Development Zone

is available in most cities across the country where we can explore new models of carbon inclusion in the field

Xinjiang. These practical applications help optimize energy structures and reduce carbon emissions. In regions like Yangzhou

of transportation and travel. This digital platform also makes it easier for users to track and reduce their carbon

in Jiangsu and Ganquanbao in Xinjiang LongShine Group has partnered with local state-owned investment platforms to

footprint promoting green travel and supporting the SDGs.create zero-carbon park operating entities establishing these regions as demonstration zones for the development of new

quality productive forces.

2324

Charging Anywhere

Unlocking the Value

of ElectricitySmart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Exploring Smart TV Redefining Digital Lifestyle Business Focus

Home Entertainment Agent: enhancing video services end-to-end

Overview

Leveraging AI technology

LongShine Group has established long-term trusted partnerships with China Mobile and licensed smart TV operators LongShine Group empowers

focusing on services and operations for large-screen and Internet-based home appliances. As a technology service the entire lifecycle of video

provider the Company ensures standardized stable and efficient operations of smart TV services by supporting platform content c reat ion f rom

development system maintenance and big data analysis. In collaboration with China Mobile LongShine Group also explores intell igent planning and

AI-driven smart and intelligent living products to sustain user activity and improve user experience. automated production to

precise content distribution.At the end of the reporting period the Smart Home Service Platform had over 80 million Internet TV users with more than 30 The upgraded full-chain

million daily active users which makes the Company maintain its leading position in the smart TV market. delivers better audiovisual

experience for users.Home Entertainment Agent

Key Performance Community Lifestyle Services: from technical support to service integration

Centering on households LongShine Group is building a service ecosystem that meets diverse needs across households

businesses and communities in multiple scenarios.In 2024 the Smart Home Service Platform surpassed 80 million Internet TV users with over

30 million daily active users.

E教du育cation Li生fe 活

We collaborate with over 30 telecom El康de养rly care

broadcasting and TV operators. 汇 汇聚 聚多多元元

生 Co消ns费umption C社om区m服un务ity 生态 service 态服服

The platform covers 27 provinces and regions. 务 Capabil能ity力 ac沉cu淀mulation 务

出T行ravel Sm智a能rt 家ho居me

F家am庭ily Bu商sin家ess Com社m区unity appliances

se服rv务ice se服rv务ice s服erv务ice用户行为

User’s data Behavior Con

消sum费ption 店铺 区域

数据 数da据ta 数da据ta Busi数nes据s data Reg数iona据l data

User’s data data dataBehavior Consumption Business data Regional data

Data a数cc据um沉ul淀ation

Service Ecosystem

2526

Diverse ecosystem

Diverse ecosystemD创ri新ve引n by 02 Innovat领ion， A开dv拓an奋ci进ng withDetermination

LongShine Group embraces openness to build a

mutually beneficial business ecosystem and drive

innovation through both technology and business

development. We continuously enhance product

quality deliver excellent services to our customers

and actively build a responsible supply chain to

support the industry’s development toward high-

quality growth.Center of Innovation Hub of 29

Intelligence

Commitment to Excellence 35

Building a Trusted Brand

Putting Customers and Services 39

at the Center

Improving Supply Ecosystem 41

Through Win-Win Collaboration

This chapter addresses three SDGs.Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Center of Innovation Hub of Intelligence

LongShine Group remains committed to innovation-driven development striving to build a leading digital-intelligent LongShine Research Institute focuses on developing models for specialized areas in the energy sector. Time-series forecasting

technology and service ecosystem through technology and business innovation. We enhance innovation R&D and AI and intelligent agents are our dual core focus. By building a collaborative architecture of large and small models the Institute

development capabilities strengthen intellectual property management and deepen collaboration with excellent peers in the is accelerating the digital and intelligent transformation of the energy industry.industry. By leveraging diverse resources we contribute core strengths to the high-quality growth of the digital economy.Innovation and R&D Core AI Technologies and Application Scenarios

LongShine Group has formulated the LongShine Group Basic Business Innovation Management Measures V1.2 and other Leveraging multivariate Transformer models integrated with MoE

R&D systems and has implemented a mature IPD1 R&D management system. Focusing on stages including technology architecture LongShine Group overcomes traditional limitations in

declaration selection review process supervision evaluation and application of results the Company has built a full- processing unstructured data to deliver accurate forecasts for key

lifecycle management model to strengthen the innovation system and lay a solid foundation for innovation work. High-Precision

Forecasting Models indicators such as power load electricity prices and renewable energy

In terms of AI research and development the Company has established clear strategic focuses focusing on core output. Spot price prediction accuracy reaches 90% supporting daily

technologies aligning technology with market demand and strengthening platform building and technology sharing. These rolling forecasts for the China Southern Power Grid and boosting trading

efforts have provided robust support for technological growth and have led to the widespread application of AI technologies Time-series revenue by 15%.across various business sectors. As a result AI has significantly driven business development thereby empowering the forecasting

Company’s operations in every aspect. It is applied across market-based electricity trading renewable energy

site recommendations and grid load dispatching. Multi-granularity

Full-Scope

Coverage feature alignment techniques enable the models to capture impacts Strategic Focus in AI Research from seasonality periodicity and outlier incidents providing a scientific

basis for energy supply-demand balancing.We concentrate resources to deepen research in time-series forecasting

technologies enhance the accuracy and reliability of predictions and

expand their application in areas such as power trading and grid load Smart Assistant for

forecasting. Through natural language interaction and knowledge retrieval smart

On core Energy Scenarios assistants support functions like home energy management and smart

technologies and AI Life

Assistant for Large- entertainment integration and offering energy-saving advice and fault

screen TV warnings improving user operation efficiency by 40%.On aligning Combining real-time traffic data charging station status prediction

technology With a focus on user experience we offer customized agents for different “Xindiantu” Rabbit and route planning it offers a full-process smart service of “finding awith market business scenarios to ensure effective technological empowerment. Agents EV Charging charger charging and making payments” for EV users. It covers over

demand Assistant 500000 charging stations nationwide increasing average charging

efficiency by 25%.On platform building The AI-powered smart query system is driven by RAG2 technology for

and technology

sharing We constantly iterate and optimize the AI algorithm platform and improve Enterprise-Grade automatic data analysis and generation of actionable insights providing

its performance stability and ease of use such as refining the time-series Intelligent Agents support in use cases like energy efficiency optimization and grid

algorithm repository and developing features for an online forecasting operations analysis with an accuracy rate of 98.7%.platform.

1 IPD Integrated Product Development. 2 RAG Retrieval-Augmented Generation.

29 30Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Technology Innovation and R&D System

Large and Small model Data Generation and Technology Integration and

Collaborative Architecture Management System Iterative Optimization

A hybrid framework combining A comprehensive multimodal da- Technologies l ike RAG and

general-purpose large models tabase for the energy sector has knowledge graph enables the

with domain-specific small mod- been established encompassing smart assistant to continuously

els has been established. Large over 10 data categories including improve its functions. Prepro-

language models (LLMs) are used power trading user behavior and cessing and model fine-tuning AI Trading Algorithms Improve Forecasting Accuracy Xindiantu Rabbit and Digital Home AI Assistants

for knowledge inference collabo- device operations. With a daily data have reduced system response

rating with small models tailored processing volume exceeding 10 TB time to 0.8 seconds achieving

to the energy sector to ensure the system ensures model stability 95% cross-scenario compatibili-

precise forecasting and strategy in handling complex commands and ty.formulation reducing deployment multi-turn conversations. Digital Management

costs by over 50%.LongShine Group is advancing “AI-powered corporate digital management” initiative and implement an integrated digital

operation platform. This platform comprehensively spans the front- middle- and back-office systems across all levels of the

Application Achievements Company with all systems and departments operating in tandem and relying on each other.Identifying AI scenarios Implementing AI technologies Analyzing the effectiveness of AI technologies

The smart electricity trading platform now supports spot mid-to-long-term and green electricity

trading processing over 100000 forecast requests each day. It has been deployed in pilot The Company has designed over 715 L5-level/end-level processes each documented in detail including activities roles

projects in Guangdong and Jiangsu provinces. inputs and outputs operational guidelines business templates associated standards and policies risks and whether it

is a KCP. Each activity is identified as either online or offline with a large number of human-dependent and AI-applicable

scenarios identified.Over 200 industrial enterprises have been served with an average energy-saving rate of 18%.Based on the identified AI scenarios practical applications have been developed and deployed across various

business systems or platforms.The AI charging assistant Xindiantu Rabbit has surpassed 5 million users with annual

1 Operational data from these systems is collected to enable AI-based process visualization process data modeling and electricity usage exceeding billion kWh. multidimensional analysis. These insights help assess how AI contributes to improve efficiency enhance quality and

reduce cost while continuously uncovering areas to be optimized in the process. By doing so it establishes a sustainable

operational mechanism that is continuously optimized.In the future LongShine Research Institute will work closely with all business departments to timely understand industry

needs and accelerate project implementation. This includes collaborating with domain experts and technical teams in

electricity trading to fully enhance AI capabilities and identify key application scenarios. Ongoing efforts will be put into

optimizing agent-based solutions including smart customer services smart data query and smart pricing while building

an agent platform to empower core business operations and further enhance user experience. Additionally the Institute To date through a comprehensive review of business processes data applications and technologies the

will boost its presence in the AI field through industry competitions technology-sharing events and high-level academic Company has:

publications continuing to play a leading role in the industry.Designed 26 sets of institutional policies business rules and workflows Created 350+ logical data entities

AI Roadmap

Mapped out over 715 business processes Deployed 1 integrated technical and

● Deepen the application of multi-agent collaboration frameworks in areas such as security architecture

distributed energy management and virtual power plants. In the next three years Developed application functions

Future Plans 663+

the Institute aims to roll out over 50 AI-driven scenarios ushering the energy

industry into anera of a fully intelligent “prediction—decision—execution”.

31 32Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

R&D Investment A Deep Strategic Partnerships with Leading Tech Enterprises

The Company continues to increase investment in innovation and R&D drive core technological advancements and deliver

leading products and services in the industry. In 2024 the Company has significantly increased R&D investment in innovative

areas in the energy sector such as energy digital intelligence new power systems EV virtual power plants integrated We maintain a strong ecosystem partnership with Huawei

energy energy big data and AIGC3. These efforts have boosted our work in digital transformation which has achieved Kunpeng. In 2024 we completed compatibility certification

positive results. testing between the Poseidon 3.1 application development 朗新科技集团股份有限公司 朗新科技集团股份有限公司 Poseidon V3.1 Poseidon V3.1与与华为技术有限公司华为技术有限公司

platform and the Huawei Kunpeng 920 processor further Kunpeng 920 Kunpeng 920完成并通过相互兼容性测试认证 完成鲲鹏原生开发技术认证

Total R&D Investment (RMB) Proportion of R&D Expenses to Revenue (%) 特授予 特授予KUNPENG COMPATIBLE 证书及认证徽标的使用权 KUNPENG NATIVE 证书及认证徽标的使用权solidifying our leading position in the collaboration and 有效期：2024年12月 - 2027年12月 有效期：2024年12月 - 2027年12月朗新科技集团股份有限公司华为技术有限公司朗新科技集团股份有限公司华为技术有限公司

5.67 12.45 setting a benchmark for innovation and technological 汤勇 李义 汤勇 李义

5.37 11.98 系统集成部总监 鲲鹏计算领域总裁 系统集成部总监 鲲鹏计算领域总裁5.18 10.96 advancement in the industry. Looking ahead we will

签署日期：认证机构：鲲鹏生态创新中心旗舰店签署日期：认证机构：鲲鹏生态创新中心旗舰店

测试机构：北京鲲鹏联合创新中心测试机构：北京鲲鹏联合创新中心

授予日期：2024年12月12日授予日期：2024年12月12日

证书编号：K202412H0399 证书编号：K202412H0399

联合认证ID：K202412H0150 联合认证ID：K202412H0150

continue to work closely with Huawei to advance native

development on the Kunpeng platform and deliver secure

reliable and efficient solutions to our users.Huawei Enterprise Partner Solution Certificate

202220232024202220232024

Intellectual Property Protection

The Company is active in building a strong research team across

three major business sectors that is energy digital intelligence 3268 3298 3218 LongShine Group has formulated the Intellectual Property Management System

the IoE and digital-intelligent home. We have a talent reserve to optimize IP management system and standardize IP application maintenance

in high-tech areas such as IoT cloud computing and blockchain and management which effectively secures our technological achievements.and is also attracting top innovation professionals from both By collaborating with professional institutions we have introduced high-quality

inside and outside the industry. Through self-developed projects In 2024 we addedpatent solutions which have not only enhanced our patent search and analysis

ecosystem collaborations and the execution of customer capabilities but also provided in-depth assessments of relevant technology

scientific innovation projects we train and cultivate talent 2022 2023 2024 patents and supported R&D advancements. These efforts have improved patent 40 new patents

forming a strong and capable team. Since the establishment quality and application efficiency and strengthened our strategic IP framework.of LongShine Research Institute in 2023 we have gradually

built a comprehensive AI research and development team and 57.17 56.84 57.97 In 2024 we added 40 new patents 122 copyrights and 29 trademarks bringing

significantly increased investments in AI research. At the end of our total to 279 patents 1350 copyrights and 505 trademarks. We achieved our

the reporting period LongShine Research Institute had a team of annual goal of 105 new IP filings with a completion rate of 182%. 122 29

nearly 40 members steadily advancing AI innovation. copyrights trademarks

In 2024 the Company had a total of 3218 R&D personnel

accounting for 57.97% of the total workforce. Among them there

were 173 industry leaders with over 20 years of experience and 2022 2023 2024 LongShine Group is committed to exploring innovative AI applications in We achieved our with a completion

over 1039 senior experts with more than a decade of industry the energy sector thus conducting research and practical implementations annual goal of rate of

expertise. in large language models time-series forecasting models and AI agents.In 2024 we filed eight AI invention patents five of which have already

Industry Cooperation been granted. These patents cover areas such as table recall method and 105 182%device electronic equipment and storage medium; retrieval-augmented

code generation methods and devices and electronic equipment film new IP filings

LongShine Group actively collaborates with major companies such as State Grid Corporation of China China Southern recommendation methods distributed model training methods and more.Power Grid CHN Energy China Mobile Ant Digital Alibaba and Huawei on technological innovation projects integrating

the advantages of all parties to promote digital and low-carbon transformation in the energy sector. In 2024 the Company

participated in multiple technology innovation projects including national key R&D projects provincial-level R&D projects and

headquarters-level R&D projects. We have empowered customers’ digital transformation and implemented industry-wide LongShine Group embraces a culture of innovation and encourage employees to

innovation and collaborative development. engage in creative endeavors. Under the Intellectual Property Reward System

we have established a comprehensive reward mechanism for inventors granting

The Company has also partnered with Tsinghua University Shanghai Jiao Tong University Beijing Institute of Technology and incentives based on the type and complexity of patent applications. In 2024 the

the University of Electronic Science and Technology of China to form an industry–academia–research collaborative innovation Company allocated RMB 180000 for patent incentives. Additionally we conducted the Company allocated RMB

and R&D model. We have leveraged RAG and Agent technologies to improve the accuracy of power marketing Q&A a variety of intellectual property awareness initiatives offering specialized

established an energy technology digital-intelligent lab to focus on cutting-edge breakthroughs and cultivated innovative training for different employee groups. These sessions covered topics such as

talent which further drive the strategic development of energy innovation. information security management open-source legal risk prevention and patent- 180000 for patent

related training to enhance employees’ IP awareness and professional expertise. incentives

3 AIGC，Artificial Intelligence Generated Content.

3334

Percentage (%) Total number (person)Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Commitment to Excellence Building a Trusted Brand

LongShine Group upholds the philosophy of “Quality First Pursuit of Excellence” and has established a comprehensive quality We prioritize customer satisfaction and have established a quality strategy aiming at achieving high-quality and

management system and completed quality certifications. A range of events on quality management have been carried out efficient product delivery to support the long-term competitiveness and sustainable development of our business.to strengthen quality awareness across the company. In this way we use our high-quality products and services to earn

customer’s trust and drive the Company’s sound growth.Customer-Centered

Quality Management We always prioritize customer needs respond to customer issues promptly to enhance satisfaction and trust.The Company has established a well-structured quality management structure to implement quality management in an Based on customer feedback we identify areas for improvement. Through continuous optimization we

orderly way. The structure is led by the PMO4 with the Quality Management Department Operation Center and Business enhance the Company's brand value.Middle Platform responsible for executing and advancing specific tasks.Company-Wide Quality Responsibility

Project Quality Management Responsibility Structure

A company-wide responsibility system is established to ensure that every stage meets standards and goals.Quality Management Team Responsibilities Cross-departmental collaboration is strengthened to form a rapid response mechanism and to improve

delivery quality.Establish an organization-level project management

system structure Classified and Tiered Management

Management PMO Oversee project quality We implement a classified and tiered management system as well as targeted monitoring and safeguarding

Coordinate projects measures to avoid resource waste.Data-Driven and Continuous Improvement

Develop quality management requirements and

Quality implementation standards

Management We record and analyze the quality of the production and research process as well as delivery status. By

Department Drive implementation and improvement across monitoring quality in real-time through quantitative indicators we can promptly address any weaknesses.departments

We regularly evaluate the effectiveness based on analysis results continuously optimize processes enhance

production and research capabilities and improve organizational efficiency to achieve a continuous

improvement across the entire process.Collect customers feedback

Operation Identify and report quality-related issues

Execution Center Develop and implement project management quality plans

Ensure that production and R&D adhere to quality

standards

Business Center Ensure that delivery meets customers’ requirements and

technical specifications

Improve and update quality standards and process

requirements

4 PMO Product Management Office.

35 36Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

We have established systems such as the Quality Management Manual Quality Accident Investigation Handling and

Reporting System and the System Fault Management Process to refine quality management practices and ensure product Capacity Building

quality delivery. In addition we have formulated the Quality Accident Investigation Handling and Reporting System and its

related emergency response plans to address potential incidents. In 2024 there were no responsibility accidents related to The Company places great emphasis on building quality capabilities. By organizing various training sessions and activities we

product quality. enhance the overall quality awareness and professional skills of our employees. In 2024 we organized 31 training sessions on

the “Building of Project Management System” and “Project Management System Review” and other themes which included

We conduct regular equipment inspections and maintenance to prevent product quality issues caused by equipment theoretical knowledge practical operations and case studies. These activities have systematically improved employees’

malfunctions and predict and address potential performance bottlenecks to improve system stability and reliability. quality control abilities. A total of 3271 participants attended the training laying a solid foundation for the standardization

Additionally we regularly verify and restore backup data to ensure its effectiveness. and normalization of project management.LongShine Group has established a qualification system centered around multi-dimensional professional capabilities

covering the entire business chain of the IoE energy digital intelligence and smart home services and creating a cross-

domain synergy. We have built a closed-loop capability system of “standards-implementation-optimization” across various we organized A total of

sub-sectors. In addition we have built a centralized group-level qualification repository that enables experience sharing

in qualification and compliance across parent and subsidiary companies. This supports the sustained and high-efficiency

development of the Company’s three major business focus. To date the Company has obtained a total of 133 corporate 31 training sessions 3271 participants attended the training

qualifications.LongShine Group’s Qualifications

Quality Management ISO 9001 CMMI Level 5 Project Management Training Content

IT Services ITSS Level 2 ISO 20000 Security Engineering Design and Maintenance Capability The content included the basic concepts building methods and The Building of Project

Information Security ISO 27001 ISO 27701 ISO 29151 CCRC Secure Software Development Management System

implementation steps of the system helping employees gain a deep

understanding of the essence and core elements of project management.Management Services

Environmental

Protection and ISO 14001、ISO 50001、ISO 45001 The content included the promotion and implementation of the project

Occupational Health The Promotion of Project management system as well as its effective application. By sharing

Management System successful practices and model examples we aimed to inspire employees’

Green and Low-Carbon Power Sales Carbon Neutrality LEED Green Power Certificate enthusiasm and motivation for promoting the project management system.Intellectual Property

Protection IP Compliance Management System

Engineering and General Contracting for Construction Projects Power Facility Installation Project Management We conducted project reviews to analyze successful experiences and

Construction (Repair and Testing) License Work Safety License System Review shortcomings and proposed measures to improve project management.Each year we conduct one internal management review Through practical exercises and role-playing employees can hone their

to assess the continuity sufficiency and effectiveness of project management skills in simulated project environments improving

the quality management system. We also invite third-party PMO Role Play their ability to handle complex projects and enhancing teamwork

certification bodies for annual external audits to ensure the capabilities.effectiveness of our management system. In 2024 11 of our

subsidiaries obtained ISO 9001 quality management system

certification covering over 90% of the Company’s businesses.Upgrading Review Strategies from Strict Control to Self-Driven Initiatives

To enhance project management quality and teamwork efficiency the Company optimized its review strategy in

ISO 9001 quality management system 2024. The approach shifted from the traditional model of strict control to a self-driven results-sharing one. Through

certification covering over knowledge training goal alignment process tracking evaluations and experience sharing we encouraged multiple

departments to undertake reviews. 16 departments conducted review activities achieving a 100% coverage rate and

90% significantly improving project quality management across the organization. of the Company’s businesses

ISO 9001 Quality Management System Certification

37 38Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Putting Customers and Services at the Center

In addressing complaints the customer service team prioritizes fulfilling reasonable customer requests. By analyzing the

root causes of frequent problems and thoroughly reviewing business processes we have formulated effective preventive

LongShine Group always puts its customers first striving to deliver an excellent service experience across support after- measures to eliminate recurring problems.sales management and market engagement. In accordance with the Law of the People’s Republic of China on Protection

of Consumer Rights and Interests as well as other applicable laws and regulations the Company has established a

comprehensive set of internal systems including the Operation and Maintenance Service Handling Process the Customer Complaint Handling Performance

Satisfaction Survey Standards and the Customer Service Center’s Complaint Handling Process. These policies cover the

entire product and service lifecycle from consultation and planning to execution and after-sales support ensuring a steady Business Sectors Complaint Rate Resolution Rate

improvement in service quality.To facilitate seamless and efficient communication the Company offers multiple support channels including a dedicated 400 Energy Digital Intelligence 0.46% 100%

hotline and online feedback platforms ensuring prompt responses to customer inquiries. Additionally we have established a

specialized Customer Response Center backed by a 24/7 platform monitoring and reporting mechanism which ensures that IoE 5% Over 99%

customer issues are addressed in real time with professional support and delivers a seamless and round-the-clock service

Digital-Intelligent Home 0% /

experience.Addressing Customer Complaints

To provide better customer service experience the Company

regularly conducts satisfaction surveys to collect feedback on

The Company maintains a rigorous pragmatic and highly responsible approach to handling every customer complaint. We product design safety reliability and stability. This helps us

have established multiple complaint resolution channels including Alipay complaints WeChat complaints and complaints continuously improve product quality and service standards. In In 2024 with an overall satisfaction rate

through industry and commerce authorities ensuring a comprehensive and standardized complaint handling process 2024 we invited all customers to participate in the survey with an exceeding

that adheres to high service standards. The Company has implemented a tiered complaint management system where overall satisfaction rate exceeding 95% successfully meeting our

incidents are assessed based on urgency and impact. Complaints are categorized into four priority levels with key evaluation goal for the year. 95%

indicators in place. These include average response time customer satisfaction fault recovery time and same-day resolution

rate. By integrating these indicators we ensure the quality and efficiency of complaint resolution.Customer Satisfaction Rate

Timely Problem Analysis and Optimization

Business Sectors Satisfaction Rate

and Process Response Resolution Review Energy Digital Intelligence 98.53%Improvement Evaluation

IoE Over 95%

Complaint Handling Process

39 40Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society 42

Improving Supply Ecosystem Through Win-Win

Collaboration

LongShine Group strives for excellence in supply chain Supplier ESG Management

management focusing on creating an open transparent and In 2024 LongShine Group

efficient supply chain ecosystem. The Company continuously collaborated with a total of

improves its comprehensive supplier management system We continue to strengthen ESG risk management within the

which includes access review evaluation and classification 1858 suppliers supply chain. In accordance with the ISO 14001 Environmental

processes. In 2024 LongShine Group collaborated with a total Management System and ISO 45001 Occupational Health and

of 1858 suppliers of which nine were overseas suppliers. Safety Management System we issue environmental and

occupational health and safety notices to suppliers encouraging

them to enhance their ESG performance and priorit ize

environmental protection and employees’ health.A Comprehensive Supplier Management System LongShine Group opposes any form of commercial bribery to

ensure that suppliers can compete in a transparent and fair

Access environment realizing the healthy and sustainable development

of both the Company and its suppliers. In 2024 100% of our

We extensively collect information from various channels such as news media and industry reports and screen partner suppliers signed the Honesty and Integrity Agreement.and categorize potential suppliers. Companies with non-compliant qualifications poor trading histories or records

of dishonesty are strictly excluded to ensure quality control from the source.In 2024

Review 100% of our partner suppliers signed

the Honesty and Integrity Agreement.Suppliers are required to complete the Supplier Survey Form and submit relevant qualification documents. These

documents are cross-checked through professional platforms. Only suppliers who pass the review process are

added to the “Qualified Supplier Directory”.Evaluation

We have implemented an evaluation system that integrates daily assessments with annual reviews. On a daily

basis the Company tracks and regularly evaluates in-stock suppliers. If any issues are identified suppliers are

required to address them promptly. For long-term partners we have established a comprehensive evaluation

framework for periodic reviews. Special evaluations for project acceptance and large equipment are conducted to

further enhance our multi-scenario evaluation system.Classification

Based on evaluation results suppliers are classified into different categories. Only suppliers rated from A to C can

be included in the “Qualified Supplier Directory”. Suppliers rated from D to E will be removed from the Directory. In

this way we can continuously optimize the supply chain ecosystem.

41 42Responsible

03 B责us任ine经ss营 Pra，ctice B牢ui筑ldin根g a基 Strong Foundation

LongShine Group consistently strengthens its

corporate governance system. We uphold high

standards of business ethics implement clear

risk management processes and maintain a

robust information security and privacy protection

framework to ensure the Company’s resilience to

risks. At the same time the Company actively takes

its social responsibility enhancing its ability to adapt

to climate change fostering an energy-efficient and

low-carbon operational environment and promoting

the development of a circular low-carbon economy.Low-Carbon Pioneer Leading 45

the Green Trend

Strengthening Internal Controls 53

as Governance Foundation

Compliance Ensuring Steady 57

and Sustainable Growth

Safeguarding Information and 61

Data Security

This chapter addresses nine SDGs.Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Low-Carbon Pioneer Leading the Green Trend The park places great emphasis on the sustainable use of water resources. Sponge city systems and a river water circulation system have been introduced to enhance the efficiency of natural water resource utilization and reduce reliance on tap

water.In the face of increasingly severe global climate challenges carbon neutrality has become a central goal for sustainable

development worldwide. LongShine Group actively responds to China’s “dual carbon” goals by promoting low-carbon Sponge city By integrating river water and harvested rainwater the system provides recycled water

industrial parks through technological innovation and green operations. By exploring multiple pathways to green and low- system for both landscape features and greenery irrigation further decreasing the demand for

carbon development LongShine Group is taking concrete action to fulfill its corporate social responsibility drive the transition domestic water and enhancing the park’s overall ecological performance.toward a green economy and contribute to a harmonious and sustainable future where people and nature coexist.River water By integrating river water and harvested rainwater the system provides recycled water

circulation system for both landscape features and greenery irrigation further decreasing the demand for Low-carbon Industrial Park domestic water and enhancing the park’s overall ecological performance.Phases I and II of the LongShine Group Industrial Park

have been completed and put into operation with a total

construction area of approximately 180000 square meters. Smart Canteen

Built to the two-star standard for green buildings the park The park features an approximately 4000-square-meter

ensures energy efficiency and environmental sustainability smart canteen that integrates live cooking open kitchens

throughout the entire building lifecycle. During the branded supply chains and food traceability to ensure

reporting period the park was awarded a carbon neutrality healthy and safe meals for employees. It offers a diverse

certificate by a third-party certification body. Additionally LEED Platinum range of dishes through specialty food stalls and self-

Phase II of the park has partially obtained LEED (Leadership certification for LongShine service weighing stations with new menu items introduced

in Energy and Environmental Design) Platinum certification. Wuxi Industrial Park weekly to cater to varying tastes and preferences.The park is committed to promoting the use and adoption of clean energy continuously developing PV power generation

projects and procuring green electricity. In 2024 the park achieved 1137 MWh of self-consumed photovoltaic power and Fitness Space

purchased a total of 4086 MWh of green electricity. Currently the park hosts 2.1 MW of PV capacity 1 MW of energy

storage and 172 EV charging piles (including two 600 kW liquid-cooled ultra-fast chargers six 150 kW fast chargers 12 70 The park includes approximately 5000 square meters of professional fitness space and basketball courts which are equipped

kW fast chargers two 15 kW V2G chargers and 150 7 kW slow chargers). The park is also equipped with an integrated green with treadmills rowing machines strength training equipment Pilates reformers billiards table tennis and badminton

energy management system which has a carbon management “brain” combining PV power generation energy storage and courts. It also features a dedicated yoga studio and offers group fitness classes to meet diverse exercise needs. With a

EV charging and microgrids. The microgrid platform organically connects the carbon brain with various load devices across focus on smart technology and professional services the gym is outfitted with intelligent body composition analyzers that

the park. AI-powered algorithms are used to optimize operational strategies which enables the system to form a closed-loop provide precise measurements of body fat and metabolism and generate personalized training plans. Professional coaches

energy cycle from generation and storage to intelligent consumption enhancing overall energy efficiency and significantly lead group classes in yoga and aerobics while private trainers offer customized programs for fat loss muscle building and

reducing the park’s carbon emissions. strength enhancement. Additional amenities include smart lockers and shower facilities ensuring convenience and comfort.The gym operates with flexible hours to accommodate fragmented schedules allowing employees to enjoy efficient workouts

during breaks or after work.

2.1 MW PV capacity 1 MW of energy storage 172 Charging Piles 224 charging ports for

non-motor vehicles

We actively contribute to ecosystem and biodiversity conservation. The park maintains a green space ratio of 30% providing

a relaxing and eco-friendly environment for employees and the surrounding community. To protect bird species we have

adopted low-reflectivity glass and improved building facade designs significantly reducing the risk of bird collisions and Data Center

promoting harmonious coexistence between the Company’s operations and the natural ecosystem.LongShine Group is committed to building green low-carbon data centers. The LongShine Industrial Park Data Center with

a total planned area of 1100 square meters is the Company’s largest facility of its kind. To enhance energy efficiency the

server rooms are integrated with the park’s PV power generation and storage system. At full capacity the stored energy

can support emergency operations for approximately two hours ensuring clean energy supply for critical data services. The

data center adopts a modular and integrated design enabling efficient support for core data operations while maintaining

flexibility to accommodate future business growth. Its network architecture features multi-line cross-connections and

automatic redundancy mechanisms enhancing service continuity while minimizing energy consumption which fully aligns

with low-carbon and environmentally friendly development goals. In 2024 the Phase I Data Center of LongShine Group

consumed a total of 1092524.6 kWh of electricity of which 156558.78 kWh came from renewable sources.

45 46Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Green Operations Resource and Energy Use

LongShine Group recognizes that green operations are crucial for the Company’s sustainable development. We incorporate LongShine Group strictly adheres to the Energy Conservation Law of the People’s

low-carbon practices into every aspect of our daily operations. We have established a comprehensive environmental Republic of China and other relevant laws and regulations. We continuously

management system that focuses on optimizing resource and energy efficiency effective management of water resources enhance our energy management system by establishing a digital energy

and strict emission control all with the goal of minimizing the environmental impact of our operations. We continuously consumption management framework that enables comprehensive control

explore new models of green operations to inject innovative momentum into the green transformation of the industry. over energy usage. Regular internal and external audits are conducted to

systematically identify opportunities for improving energy efficiency and to

Carbon Neutrality assess progress toward achieving our energy usage goals. This year we were

awarded the ISO 50001 Energy Management System certificate for the first

LongShine Group remains committed to its green operations time covering over 60% of our business operations laying a solid foundation for

philosophy. At the LongShine Industrial Park priority is given to PV achieving our green and low-carbon development goals. ISO 50001 Energy Management

power generation with additional green electricity purchased monthly System certificate

as needed. The park also implements various energy-saving and

carbon-reducing measures to minimize the consumption of water We consistently prioritize green and low-carbon development. In our office areas garage and unused spaces we implement

electricity fuel and oil embodying our sustainable operational various measures to conserve energy and reduce emissions. These include using energy-saving and water-efficient

approach. In 2024 LongShine Group completed its first comprehensive technologies optimizing indoor air quality choosing eco-friendly materials and incorporating smart systems and innovative

carbon audit across the entire organization (covering Scope 1 and designs to create environmentally friendly working environments. Additionally we have enhanced energy management

Scope 2 emissions) expanding its assessment beyond the Industrial training for employees to raise their awareness of energy conservation and environmental protection and ensure the

Park to include the whole Group. By purchasing carbon credits and successful implementation of the Company’s energy-saving and emission-reduction initiatives.green certificates LongShine Group achieved carbon neutrality in Carbon Neutrality Certificate for LongShine

accordance with ISO 14068-1:2023 Climate change management— Group

Transition to net zero—Part 1: Carbon neutrality reaching its goal of LongShine Group’s Energy-Saving and Emission-Reduction Initiatives

organizational carbon neutrality.Environmental Management

Lighting Air Conditioning Recycling of

We strictly adhere to the Environmental Protection Law of the People’s Energy-Saving Energy-Saving Printed Paper

Republic of China and other relevant laws and regulations and Measures Measures

continuously improve internal policies such as the Office Management

System of LongShine Technology Group Co. Ltd. By focusing on

building a robust environmental management system we strive to

● Off ice Area: Labels are placed An air conditioning usage management ● Waste printed paper is collected enhance our environmental management standards throughout

on light switches and lighting is plan is formulated based on the number beside the printer and reused for production and operations.controlled by time intervals. In office of people and power consumption during printing.We regularly conduct internal and external environmental audits to areas downlights and spotlights are peak flat and off-peak hours:

ensure that environmental management is integrated into the entire turned off when not in use. Lights

● Ensure that doors and windows are

process of production and operations. During the reporting period are turned off when the area is

vacant. closed before turning on air conditioner.LongShine Group obtained ISO 14001 Environmental Management

ISO 14001 Environmental Management

System Certification covering over 90% of its business operations. System Certification ● Garage: Sensor lights are installed to ● The last employee leaving the office is

required to turn off the air conditioner.LongShine Group regularly conducts environmental risk assessments automatically turn off or dim when

and has established internal environmental risk management policies In 2024 the Company no one is present leading to a 95% ● Set air conditioning temperatures based

such as the Administrative Emergency Management System of reduction in energy consumption. on outdoor conditions. In summer the

LongShine Technology Group Co. Ltd. These policies clearly define did not experience

temperature should not be lower than ●

the responsibilities and response processes for each department and Unused Area: In control areas and any major environmental incidents. newly constructed car-free zones 26 Celsius.personnel in the event of an environmental emergency. Additionally

we hold regular fire safety drills to enhance the emergency response intelligent micro-breakers are used

abilities of all employees when facing environmental risks. In 2024 the for timed automatic management of

Company did not experience any major environmental incidents. lighting.

47 48Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

LongShine Group firmly upholds the philosophy of combining innovation with practices embedding environmental protection Emissions Management

into all aspects of business operations and employee lifestyles through a series of green initiatives. From green commuting

to eco-friendly workplaces the Company actively reduces carbon emissions and resource consumption contributing to

sustainable low-carbon development. In 2024 LongShine Group launched part of its employee travel management system. We strictly abide by the Law of the People’s Republic of China on the Prevention and Control of Environmental Pollution

Employees processed a total of 3109 business trips on the platform saving approximately 4258 sheets of paper. Caused by Solid Waste and the Environmental Protection Law of the People’s Republic of China and other applicable laws

and regulations. We have improved the Company’s emissions management system and treatment processes ensuring

standardized and compliant handling of wastewater exhaust gases and solid waste pollutants. We have set a target of

LongShine Group Introduces Shuttle Service Between Hangzhou and Wuxi to 100% compliant disposal of hazardous waste to minimize the impact on the environment.Promote Green Commuting In daily operations we have reduced resource consumption and enhanced the recycling rate of waste to minimize overall

waste emissions. Strict waste sorting and recycling measures are implemented in office areas. For hazardous waste

dedicated recycling bins are provided and employees are required to dispose of waste according to category. Items such as

In November 2023 LongShine Group introduced a round-trip shuttle service between Hangzhou and Wuxi used batteries toner cartridges and ink cartridges are collectively recycled and processed for resource recovery and reuse.facilitating employee commutes between Hangzhou East Software Park and Wuxi CPU Space. This initiative not only In 2024 the Company achieved notable results in reducing resource usage and waste generation.significantly reduced carbon emissions from daily commuting but also minimized paper consumption associated

with individual reimbursements. In 2024 the service saved 3600 sheets of A4 paper reinforcing our commitment to Emission Performance

sustainable low-carbon transportation through tangible actions.Types of Emissions Unit Data from 2024

LongShine Group Launches Low-Carbon Initiative of Stair Climbing to Encourage Household Waste kg 239320

Green Actions

Kitchen Waste kg 111426

General

In April 2024 LongShine Group launched the “Low-Carbon and Healthy Stair Climbing” mini-program encouraging Waste Total kg 350746

employees to reduce elevator usage and participate in stair climbing and check in at designated stairwell spots.By the end of 2024 a total of 347 employees had participated climbing 26129 times covering 50390 floors and General Waste Intensity kg/RMB 10000 revenue 0.78

reducing carbon dioxide emissions by 10980 kilograms. This initiative highlights LongShine Group’s innovative

approach to environmental sustainability while promoting green awareness and a healthier lifestyle among Waste Batteries kg 18.35

employees.Waste Toner Cartridges kg 18.53

Hazardous Waste Ink Cartridges kg 8.03

LongShine Group’s “Bring Your Own Cup” Initiative Waste

Total Kg 44.91

LongShine Group integrates environmental responsibility into every aspect of work life striving to minimize Hazardous Waste Intensity kg/RMB 10000 revenue 0.00010

resource waste and carbon emissions. In 2024 the Company’s cafes launched the “Bring Your Own Cup” initiative

encouraging employees and visitors to reduce the use of disposable plastic and paper cups by bringing their own

cup. This initiative significantly reduced single-use waste with an average of 25 people bringing their own cups per

month and a record high of 58 in a single month.Energy Use Performance

Types of Energy Unit Data from 2024

Gasoline Ton 6.30

Natural Gas Cubic meter 53829

Electricity5 MWh 7067.67

5 In 2024 the Phase II Data Center of the LongShine Industrial Park was put into operation accompanied by an expansion of office space in the park. As a

result electricity consumption showed an increase compared to previous years.

49 50Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Responding to Climate Change Climate Change Risk Identification List

Risk Type Risk Name Risk Description Response Measures

Climate change has emerged as a significant global challenge. LongShine Group is actively responding to this issue with a

strong sense of responsibility. Through continuous optimization of energy management strategies we are making notable Establish an emergency response

progress in reducing greenhouse gas emissions and overcoming many challenges posed by climate change. Looking ahead team to monitor meteorological

LongShine Group will remain driven by innovation seeking out more sustainable solutions and contributing to global climate The frequency and intensity of extreme conditions and provide early warnings

governance through our corporate actions. weather events such as typhoons for extreme weather events while Extreme heavy rainfall floods and droughts developing emergency response Acute Risks Weather have increased potentially threatening plans to prevent potential risks.business operational assets equipment Send timely reminders in online

Governance Structure and employee health. working groups to ensure employees

take necessary precautionary

measures.The Company places significant emphasis on responding to climate change and has established a governance system under

our ESG governance structure. The Board of Directors as the highest leadership body oversees climate change management

while the ESG working group is responsible for executing specific climate-related initiatives. The Company incorporates Frequent high temperatures in summer Chronic Rising lead to increased energy consumption Strengthen factory inspections and

energy-saving and emission-reduction performance targets into the performance evaluation systems for senior management Risks Temperatures reduced operational efficiency and ensure the safe operations with improved facilities.and departments ensuring that all measures are effectively implemented and continuously optimized. more power outages and fire hazards.The Three-Tiered Governance Structure for Climate Change As the country establishes a policy Continuously monitor updates on

system and implementation strategy relevant laws and regulations and

for the “dual carbon” goals the plan accordingly.● The highest responsible body for climate change-related Policy and Ministry of Ecology and Environment Set carbon emission reduction

Board of Directors matters who ensures that goals are scientific reasonable and Tightening along with other relevant authorities targets and identify the main sources Regulatory

relevant through annual review and adjustment Climate Policy is setting stricter requirements for

of current carbon emissions.Risks greenhouse gas emission management. Enhance awareness campaigns

As a result carbon control standards to promote resource conservation

will be tightened leading to increased among employees.compliance costs for the Company.● Responsible for overseeing and reviewing the Company’s

ESG Committee climate change strategy and planning managing climate

change risk and reviewing climate-related performance targets Market Market Demand Customers may change their Advancing the use of low-carbon and

and incentive mechanisms Risks Fluctuations preferences and opted for recyclable energies as well as low-environmentally friendly products. carbon products.Responsible for the implementation and execution of work Stakeholders demand the Company Disclose greenhouse gas emissions ●

ESG Working Group Reputation Attention from should take action on climate change. data and efforts to reduce carbon

related to climate change Risks Stakeholders Failure to respond effectively could emissions in the ESG report actively

harm the Company’s reputation. maintaining the Company’s image.Response Strategy

Indicators and Targets

The Company conducts climate-related risk and opportunity analyses to adjust its operational strategies optimize resource

allocation and prepare for various potential climate risks. At the same time we seize the opportunities presented by climate The Company considers greenhouse gas (GHG) emissions a key indicator for measuring climate change. In 2024 we invited

change taking practical actions to support the global fight against climate change third-party bodies to conduct carbon inventory work assess energy use and gather data on carbon emissions. This helped

identify direct and indirect greenhouse gas emissions laying the foundation for setting greenhouse gas reduction targets.The Company explores green development pathways under the “dual carbon” goals from multiple dimensions contributing

to the achievement of carbon neutrality. By deploying renewable energy and implementing integrated energy and carbon GHG Emission Performance

management the park has successfully achieved carbon neutrality in the Park and received certificates from third-party

bodies. Metric Unit Data from 2024

Risk Management Direct GHG Emissions (Scope 1) tCO2e 1286.68

Indirect GHG Emissions (Scope 2) tCO2e 1036.11

The Board of Directors at LongShine Group places great importance on managing climate change risks and integrates them Total GHG Emissions tCO e 2322.79

into the Company’s risk management system. We actively engage in risk identification assessment and response and 2

develop feasible measures for different time scales. GHG Emission Intensity tCO2e/ RMB 10000 revenue 0.0052

5152

Transition Risks Physical RisksSmart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Strengthening Internal Controls as Governance Diversity of the Board of Directors

Foundation The Company considers a number of factors when nominating and

appointing Board members which include gender age industry

The expertise and diversity of the Board of Directors are essential for ensuring the stable development of the Company. We experience professional background educational background and

have established a well-structured and efficient corporate governance framework while focusing on enhancing the Board tenure. This approach ensures a diverse range of skills and expertise In 2024 female directors

of Directors’ decision-making capabilities. By fostering a diverse board we strive to maximize investor returns and drive the across different business areas. The Company also remains committed accounted for

Company’s sustainable development. to increasing the representation of female executives. In 2024 female

directors accounted for 25% of the Board. 25% of the Board

Corporate Governance All Board members bring extensive industry experience and professional

expertise in fields such as energy technology accounting risk

LongShine Group continuously optimizes its corporate governance system in line with its actual business conditions and management and social science. Their diverse perspectives contribute to

the latest regulatory requirements. We strictly abide by the requirements of the Company Law of the People’s Republic of the Company’s long-term stability and strategic growth.China and the Securities Law of the People’s Republic of China among other applicable laws and regulations and introduced

the Articles of Association of LongShine Technology Group Co. Ltd. and the Rules of Procedure of Shareholders’ Meetings 2024 Board Members Information of LongShine Group

of LongShine Technology Group Co. Ltd. and other related policies to clarify the responsibilities of the General Meeting of

Shareholders the Board of Directors and the Board of Supervisors actively building a modern corporate governance system.Remuneration Sustainable

Independent Executive Strategy Nomination Audit

Board Member Gender and Appraisal Development

Director or not Director or not Committee Committee Committee

Committee Committee

Shareholders' Meeting

Xu Changjun Male No Yes √ 　 　 　 √

Board of Directors Board of Supervisors Zhang Mingping Male No Yes 　 √ 　 　 √

Zheng Xinbiao Male No Yes 　 　 　 √

Strategy Nomination Audit Remuneration and Sustainable

Committee Committee Committee Appraisal Committee Development

Peng Zhiping Male No Yes 　 　 　 √ √

Committee

Ni Xingjun Male No No √ 　 　 　 　

Management Team Lin Le Female Yes No √ √ √ 　 　

LongShine Group Governance Structure Lin Zhong Male Yes No 　 　 √ √ √

Board of Directors Number of proposals Director attendance Yao Lijie Female Yes No 　 √ 　√ √ 　

meetings held reviewed rate

1577100%

Board of Supervisors Number of proposals Supervisor attendance

meetings held reviewed rate Number of employees by tenure

8 28 100% 1 Less than 5 years

5-10 years Independent non-executive directors

Annual and extraordinary Shareholders' Meetings held 7

63

53 54Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Independence of the Board of Directors Compensation Incentive Mechanism of the Board of Directors

In accordance with the Measures for the Administration of Independent The Company has set performance assessment indicators for directors and senior management that are linked to their

Directors of Listed Companies and the Shenzhen Stock Exchange Guidelines remuneration. We continue to improve the long-term equity incentive mechanism with assessment metrics including the

for Self-regulation of Listed Companies No.2 - Standardized Operation Group’s net profit attributable to the parent company the development evaluation of new businesses in the IoE and the

of Listed Companies on the Growth Enterprise Market which outline the In 2024 independent directors evaluation of AI applications within the Group. In addition we review and evaluate the performance of directors and senior

requirements for the independence of independent directors the Company accounted for management each year to motivate them to fulfill their management duties more efficiently.has issued the Special Opinion of the Board of Directors of LongShine

Technology Group Co. Ltd. on the Independence of Independent Directors. 37.5% of the Board

This ensures the independence of the Board of Directors and standardizes Investor Rights and Interests

the duties and responsibilities of independent directors. In 2024

independent directors accounted for 37.5% of the Board.LongShine Group has established internal management systems such as the Investor Relations Management System of

LongShine Technology Group Co. Ltd. We regularly publish performance reports on a quarterly basis and annual performance

reports and will release other announcements as needed. Regarding shareholder returns we develop shareholder return

Duties of Independent Directors plans based on feedback from shareholders independent directors supervisors and small and medium investors. These

plans may include cash dividends share repurchases and cancellations to provide reasonable returns to shareholders and

create long-term stable value for all shareholders.Clearly define the qualifications for independent directors and the procedures for their appointment and

removal Shareholder Return

Clearly define the responsibilities and duties of independent directors and invite independent directors to

serve as the chairman or members of various specialized committees of the Board The Company values shareholder opinions and safeguards their interests. In the process of formulating shareholder return

plans the Company takes into account the opinions of shareholders independent directors and supervisors with particular

Clearly define the procedures for independent directors to access company information and the management attention to feedback from small and medium-sized shareholders. When formulating profit distribution policies the Company

regulations regarding their remuneration is committed to meeting long-term development needs while balancing the interests of all shareholders. It prioritizes cash

dividends to ensure stable and continuous benefit distribution while aligning company development with shareholder

Establish a sound mechanism to ensure that independent directors have the necessary working conditions

returns. In 2024 the Company repurchased 17292627 shares for cancellation amounting to RMB 139 million. Since its public

and personnel support to carry out their duties

listing in 2017 the Company has consistently distributed 7 consecutive cash dividends totaling RMB 726 million.Investor Communication

Effectiveness of the Board of Directors

The Company maintains regular

The Company rotates and re-elects Board members by the listing rules and the Articles of Association and regularly conducts communication with investors through

Board of Directors effectiveness reviews. As of the end of the reporting period the average attendance rate of the Board various channels including investor

was 100% and the average tenure of Board members was 5.5 years. mai lboxes hot l ines interact ive

platforms new media performance

briefings roadshows and other ways

of communication. We actively relay

Board of Directors Effectiveness Review investor feedback on the Company’s

products operations and governance

to the Company ensuring that investor

rights and interests are effectively

protected. In 2024 we received and

Size and operational status Duties and rights addressed investors’ feedback on the

Board of Directors long-term incentive

Expertise and experience of the Professional Committee Business operations and finance mechanisms and other aspects of the

Company’s sustainable development.Governance structure and operational effectiveness Attendance rate

55 56Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Compliance Ensuring Steady and Sustainable Emerging Risks

Growth Anticipating potential risks is a critical component of effective risk management. By analyzing publicly available sources

such as the annual Global Risks Report issued by the World Economic Forum and industry publications we identify and

LongShine Group places great emphasis on risk management and business ethics and has established a robust risk assess emerging risks that could impact the Company over the next three to five years. We develop mitigation strategies to

prevention and control mechanism. We systematically and proactively identify assess and manage risks to ensure the minimize the potential impact on the Company our customers business partners and employees.Company’s stable operations. In terms of business ethics we integrate ethical standards into both internal management and

external business partnerships fostering compliant and sustainable business growth.Emerging Risks and Mitigation Measures

Risk Management

Emerging Risk Impact Mitigation Measures

The Company follows the COSO6 Committee’s Enterprise Risk Management Framework to develop internal management

mechanisms including the Basic Norms for Corporate Internal Control the Sales and Receivables Management Procurement ● Established the LongShine Research Institute to

and Payment Management and other relevant rules and regulations These frameworks enhance the entire risk management promptly assess and address AI-related risks.process from risk identification assessment and response to issue resolution review and ongoing monitoring forming a ● The integration of AI into our ● While managing other risks strengthen internal

closed-loop risk management system. We have established a comprehensive risk governance structure that spans the entire products offers numerous benefits processes for AI development deployment

Company embedding risk management into all aspects of our operations to support the stable operations of all businesses. to customers. However if AI-

related risks are not effectively and usage to enhance safety reliability and

managed during development compliance.Artificial

Three Lines of Defense of Risk Management and deployment this could ● Continuously analyze new regulatory requirements Intelligence

(AI) Risk lead to legal liability risks and legal frameworks to ensure compliance.

increased regulatory scrutiny

sales challenges for products ● Update the Company’s contracts and develop

and services and reputational comprehensive product documentation in line with 01 damage. audit requirements to meet customer needs and 02 expectations.The Board of Directors

authorizes the Management The Compliance and 03

Committee to lead and Supervision Department

make decisions on the is responsible for the Each risk management

Company’s risk management daily execution of risk department is responsible

efforts. It also conducts ● management including for executing specific Frontier Failure to successfully integrate ● Increased R&D investment to ensure the effective

regular supervision of risk coordinating various risk risk management tasks

Technology cutting-edge technologies into our

Integration products or inevitable data risk integration of frontier technologies into our management implementation management activities and including identifying risk and Data

and reviews the effectiveness categories conducting risk could lead to customer attrition

products and avoid data risk safeguarding

reporting to the Group’s Risk and loss of market share. customer rights and interests as well as demands.of the internal risk control Management Committee. assessments and inspections

system. implementing risk controls

and regularly monitoring and

evaluating risk management

effectiveness.Risk Management Promotion

In 2024 LongShine Group developed and launched an integrated digital operations platform. This platform focuses risk We regularly provide risk management training to relevant personnel in order to strengthen all employees’ awareness

management across departments and business units and provides a preliminary risk list. By doing so we have strengthened enhance response efficiency in risk management practices and further prevent and mitigate potential risks at the source.business continuity and ensured the Company’s stable growth.Internal Audit

Employee Training on the Risk Management System

Each year the Company formulates an internal audit plan based on international standards local regulatory requirements

risk assessment results and management decisions. In 2024 we developed an annual audit plan focused on conducting

multiple risk audits across key business areas. These audits evaluate operational risks from various management In 2024 the Company enhanced its risk management system by inviting consulting experts from system providers

perspectives. Meanwhile for identified risks we implemented targeted response solutions to ensure the effectiveness of our to conduct training sessions on risk control framework development system implementation risk lists risk

internal risk management system. classification and mitigation measures. This hybrid online-offline training has deepened employees’ understanding

of the risk management system and its applications. A total of 120 employees participated in the training.

6 COSO: Committee of Sponsoring Organizations of the Treadway Commission it serves as a guiding theoretical framework providing companies with

critical information on significant risks they may encounter and how to manage them effectively.

57 58Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Business Ethics Whistleblower Protection

LongShine Group strictly complies with the Anti-Unfair Competition Law of the People's Republic of China the Anti-Monopoly The Company has established a structured fraud complaint handling process and accepts both internal and external

Law of the People’s Republic of China the Anti-Money Laundering Law of the People’s Republic of China along with other supervision by receiving reports from sources like reporting hotlines on the Company’s website reporting email and online

relevant business ethics and anti-corruption regulations. We have established internal policies such as the Anti-Commercial reporting platforms. Upon receiving a report the Compliance and Supervision Department assigns dedicated personnel to

Bribery System of LongShine Technology Group Co. Ltd. and the Integrity and Compliance Management Regulations investigate and compile a final report for the Group Management Committee. We encourage real-name reporting while also

of LongShine Technology Group Co. Ltd. which apply to all employees and business partners. These policies explicitly accepting anonymous reports. If a report is deemed valuable after evaluation we initiate an investigation and offer rewards

prohibit bribery illegal kickbacks and the exchange of non-compliant commercial gifts. To reinforce business ethics across to real-name whistleblowers. In 2024 the Company investigated 16 integrity and compliance cases identified 8 violations

operations we require key personnel to sign the Integrity Commitment which is also incorporated into new employee labor and dismissed 8 individuals for breaching integrity regulations.contracts. The Company has a zero-tolerance policy on violations of business ethics and will carry out disciplinary actions

for misconduct. During the reporting period LongShine Group recorded zero lawsuits related to conflicts of interest money We have established the Integrity and Compliance Management Regulations which sets a clear whistleblower protection

laundering insider trading or corruption. mechanisms and conflict-of-interest management mechanisms. All employees are required to maintain strict confidentiality

regarding whistleblowers and the information they provide. If any retaliation against whistleblowers is confirmed during

We have implemented a three-tier anti-corruption governance structure to clarify responsibilities at all levels integrate an investigation the responsible individuals will be dealt with severely. Additionally we conduct regular conflict-of-interest

business ethics and anti-corruption oversight into employee performance evaluations and link ethical compliance to disclosures to prevent potential misalignment between employees’ personal interests and the Company’s interests. In 2024

remuneration. This approach strengthens monitoring and accountability for both employees and business partners. the annual disclosure rate for key positions was 100% with 1617 key employees completing their declarations. Among them

63 employees proactively disclosed 89 cases related to external investments appointments and other relevant activities.

Governance Committee LongShine Group Integrity and Compliance Reporting Channels

Address: Building No. 1 118 Jinghui East Road Reporting E-mail: compliance@longshine.com

Xinwu District Wuxi City Jiangsu Province

Compliance and Supervision Department

Reporting Hotline: 0510-66676900 Reporting via DingTalk: Mobile DingTalk APP-

LongShine OMS-Integrity Reporting

Joint Working Groups

Developing an Integrity Culture

2024 Mid-Year Compliance and

We promote an integrity culture within the Company Supervision Meeting

strengthening the awareness among employees and

Internal Audit and Compliance Supervision Internal Control and Compliance suppliers while fostering a transparent and principled

Internal Control Officer/Specialist corporate culture. We provide extensive business ethics On October 21 2024 LongShine Group held its

● Supervise and ● Identify internal risks ● Receive reports ● Manage internal control training and promotion programs for the Board of Mid-Year Compliance and Supervision Meeting

improve the ● Perform tasks ● Conduct and compliance in the Directors management at all levels and all employees.Company’s policies working groups where the management provided guidance on related to investigations and

processes and the development of compliance and supervision compliance collect evidence ● Assist in anti-corruption Additionally we have joined the Trust and Integrity

decision-making work. The meeting focused on the latest anti-

mechanisms ● Enhance anti- ● Handle corruption-

investigations Enterprise Alliance and took an active part in an array of

corruption related cases ● Support education and corruption developments judicial case studies

Conduct project training and exchange activities organized by the alliance. ● compliance systems awareness programs and interactive discussions among compliance

spot checks ● Launch education Topics of the activities include fraud audit investigations and procedures and awareness personnel. This initiative enhanced employees’

● Carry out internal and integrity culture development.programs awareness of integrity and compliance while

special audits

Anti-Unfair Competition further advancing the Company’s compliance and supervision efforts.LongShine Group’s Anti-Corruption Management Framework LongShine Group strictly adheres to laws and regulations

on anti-unfair competition explicitly prohibiting employees

from using improper means to gain business opportunities

Internal Audit on Business Ethics or benefits. We continuously strengthen employees’

awareness of compliance and integrity ensuring honesty

Each year LongShine Group conducts internal reviews to assess the effectiveness and compliance of its internal control integrity and self-discipline in conducting businesses.system providing a critical reference for bribery and corruption risk evaluations. In 2024 the Company conducted internal During operations we assess investment acquisition

audits on Xindiantu connectivity energy storage and vehicle ecosystem businesses. The audit focused on marketing and other relevant activities to determine potential

activities and pricing decision-making mechanisms in the connectivity business and procurement and quality control of antitrust implications to safeguard the legitimate rights

energy storage equipment and construction projects. The audit covered 38 connectivity suppliers 18 energy storage stations and interests of both the Company and its partners. In

and 13 construction sites and identified 7 key issues related to connectivity and energy storage. The Company is taking 2024 the Company did not experience any lawsuits or 2024 Mid-Year Work Conference Training

proactive actions to address these issues. administrative penalties related to unfair competition.

59 60Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Safeguarding Information and Data Security Information Security Management Practices

Product and Security Services

LongShine Group strictly complies with standards for cybersecurity information security and privacy protection. We have

established and continuously improved a system for cybersecurity information security and privacy protection and have

continued to innovate security protection technologies reinforcing the Company’s cybersecurity and information security ● Based on business security priorities we conduct at least one external vulnerability analysis and

defenses. We continuously enhance regular security management practices reinforce security awareness among all penetration test annually to simulate hacker attacks and continuously monitor product security risks such

employees and foster a secure and orderly business operation environment. as third-party supply chain security scanning.● We conduct security assessments for all products before delivery and launch in accordance with the

Governance Structure Classified Protection of Cybersecurity 2.0 . In 2024 we completed baseline security testing and pre-launch

security assessments for 1026 projects.LongShine Group has established a three-tiered cybersecurity and information security management structure. The Board ● Ongoing monitoring of cybersecurity vulnerabilities is conducted with immediate remediation measures

Committee for Cybersecurity Information Security and Privacy Protection Management serves as the ultimate decision- taken upon detecting security defects or weaknesses to ensure timely resolution of medium-to-high-risk

making body providing decision-making guidance and supervision on issues related to cybersecurity and information vulnerabilities. During the reporting period security testing covered over 70 products across the Company

security data security and personal information protection. Under this committee the Security and Privacy Joint Task and its subsidiaries.Force comprising the Safety and Quality Management Department Human Resources Department Process and System

Department and Administrative Management Department leads the development of the Company’s overall security

and privacy management system to ensure data and privacy protection product and service security cybersecurity and

endpoint security and infrastructure security. Security Incident Emergency Response

● We have released Network Security Incident Emergency Response Procedure V1.0 establishing a multi-

channel mechanism for reporting cybersecurity risks including customer alerts employee feedback system

Cybersecurity Information Security and Privacy Protection Management Committee monitoring alarms and monitoring of third-party security forums.● We have formed the Product Security Incident Response Team (PSIRT) to identify and assess potential

cybersecurity risks and carry out targeted remediation efforts.Security and Privacy Joint Task Force ● In the event of a security incident the first person to identify the issue must immediately notify the

security team at the department via email. The security team will analyze the incident escalate it to the

security lead and initiate an emergency response. Major incidents may be reported directly to higher-level

Safety and Quality Human Resources System and Administrative

management or the Company’s Executive Management Committee/PSIRT.Management

Department Department

Process Management

Department Department

LongShine Group’s Information Security and Privacy Protection Management Structure Specialized Information Security Audits

● We conduct internal information security audits to identify security vulnerabilities and developed targeted

Information Security remediation plans. In 2024 audits were conducted across 13 departments covering 471 employees and

reviewing 10362 security items.The Company strictly abides by the Cybersecurity Law of the People’s Republic of China the Data Security Law of ● We successfully passed the ISO 27001 Information Security Management System annual audit achieving

the People’s Republic of China and other relevant laws and regulations. We have established a comprehensive set of 100% certification coverage. Additionally the Company has attained the ISO 20000-1:2018 IT Service

internal management systems including the Cybersecurity and Information Security Management Measures the Security Management System certification covering 91% of its operations and 2 subsidiaries obtained the ISO 29151

Management Measures for Data Use the Data Security Management System and the Personal Information Protection Personally Identifiable Information Protection certification.Management System ensuring standardized cybersecurity management processes. Thus we have ensured data security

privacy protection product and service security cybersecurity and endpoint security and infrastructure security. In addition

we have integrated cybersecurity and information security into employee performance evaluations. Each year the Company

conducts an information security assessment covering all products services and employees across the Company and its Supplier Information Security Management

subsidiaries with evaluation metrics including the security development lifecycle of products safe operations work safety

on-site safety services confidentiality management and major security incidents.● Developed the Outsourcing Security Management System and the Third-Party Supplier Technical

The Company continues to strengthen its data security management foundation by implementing advanced defense Outsourcing Security Guidelines to enhance supplier information security management ensuring security

technologies conducting rigorous information security audits and maintaining conducting information security certifications. and compliance within the supply chain.In this way we have effectively carried out cybersecurity and data security management practices.

61 62Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Privacy Protection Key Performance

The Company has improved its privacy protection strategies and management Indicator Unit 2024 data

measures to ensure that privacy and data are protected in our daily operations.We strictly comply with the Personal Information Protection Law of the People’s Number of customer privacy complaints Set 0 (Not occurred)

Republic of China the Information Security Technology and Personal Information 隐私信息管理体系认证证书

注册号：0350124PI10053R0M

Security Specifications and other laws and regulations in our operational locations. 兹 证 明 朗新科技集团股份有限公司 Number of information security and privacy protection violations Set 0 (Not occurred)

注册地址：无锡新吴区净慧东道118号1楼

To strengthen privacy protection management the Company has developed 统一社会信用代码：91320200747189665N 管 理 体 系 符 合

ISO/IEC 27701:2019 标准

internal policies including the Sensitive Information Desensitization Standards the 证书覆盖的范围

与计算机应用软件的开发、信息系统集成相关的隐私信息管理活 Financial impact of data security incidents RMB 10000 0

Standards for Source Code Security Management and the Assessment System 动；《隐私信息管理适用性声明》（版本号：V1.0）（涉及场所：江苏省无锡市新吴区净慧东道118号1楼、2楼、4楼、5楼）

for Personal Information Protection Impact. Privacy policies are incorporated into

颁证日期：2024年12月30日

注 Number of customer data usage requests Times 0 (Not occurred)有效期最长可至：2027年12月29日

the Company’s risk management. We conduct regular internal and external audits 签 发 人：

to assess the implementation of privacy policies across all operational locations to

ensure their effectiveness. During the reporting period both LongShine Group and Proportion of requests disclosed % 0

its subsidiary Bangdao obtained the ISO 27701 Privacy Information Management

System certification. Privacy Information Management

System Certification

The Human Resources Management Department is responsible for privacy and security management ensuring that

employees’ privacy rights are legally protected and that their personal information is processed lawfully and appropriately.At the same time in cases where employees violate privacy protection policies we implement corrective measures and

disciplinary actions to enhance awareness of privacy protection.Privacy Protection Management Measures

Employee Privacy Protection Requirements Customer Privacy Protection

● Procure transparent encryption terminal Data

control software achieving 100% Data Data

installation and usage coverage among Collection

Storage and Transmission Data UsageDeletion

employees.● Establish access control permissions

based on employees’ roles and needs ● We inform users about the ● We do not use store share or ● Firewalls are deployed to monitor and ● We have established

strengthening internal control systems collection use retention and disclose our customers’ personal control data flow entering and leaving desensitization standards

and operational procedures. protection of personal information information in cross-border business the network preventing unauthorized and guidelines for sensitive

through documents such as our operations nor do we transfer users’ access and data breaches. information ensuring

● Procure a Zero Trust VPN to support privacy policies and product/ personal information overseas. encryption and desensitization

remote work for employees. function descriptions. We also ● We have implemented locally of sensitive personal data and

inform users of their relevant ● The retention period of customer deployed tools for detecting source critical information. In 2024

● Require personnel in key positions to rights and how to exercise them. information complies with national code leaks and introduced an open- the Company received zero

sign the Data Security Responsibility laws regulations and industry source tool called code6. requests from the government

Statement. regulatory requirements ensuring or law enforcement agencies

the minimization of data storage ● Procure the Lingfengyun Netdisk

● Implement a zero-tolerance policy for duration. Once the retention period Retrieval Tool to conduct daily

for customer data usage

accounting for 0% of all such

severe security incidents standardizing expires customer information is monitoring of source code and requests.disciplinary actions for violations. either deleted or anonymized. document leaks.

63 64Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Information Security Protection Training

To enhance employees’ awareness and knowledge of information security and privacy protection the Company regularly

organizes promotion and training programs for all employees enhancing their awareness of cybersecurity and information LongShine Group Actively Promotes Cybersecurity Culture

security.In 2024 LongShine Group organized

LongShine Group’s 2024 Information Security and Privacy Protection Training Cybersecurity Awareness Week and

Security Month Activities to enhance

employees’ security awareness and

habits through engaging activities.New Employee ● Signing of the Security Commitment distribution of New The Company also disseminated

Onboarding Employee Handbook and Fifteen Prohibitions for Security security insights and best practices

Training and and onboarding security training and assessments via security newsletters cybersecurity

Assessments bulletins security preparedness

manuals awareness animations

security posters and the LongShine

Knowledge Library creating a strong

security culture.● A series of activities including promotion of the Cybersecurity

Cybersecurity Knowledge Handbook security knowledge competition

Awareness specialized security training whistleblower protection activity

Week and

Security Month phishing email mock exercises specialized exchanges on

Activities technical reviews of security risks to enhance employees’

security awareness and behavioral habits

LongShine Group Security Month

● Specialized Training on Data Security ● Specialized Training on New

and User Privacy Protection Employee Security

Specialized ● Specialized Training on Cybersecurity ● Specialized Training in Operational

Security Training Awareness and Compliance Relevant Centers

Systems

● Specialized Training on Security

● Specialized Training on Security Development

Operations and Maintenance

65 66Empowering

04 E造m福plo员y工ee，s B共ui创ldi未ng a Shared 来FutureLongShine Group firmly believes that “successdepends on employees” and regards employees

as its core of development. We are committed to

upholding fair employment principles providing

equal opportunities for career growth and fostering

a diverse and inclusive work environment. By

prioritizing employee health care we strive to

enhance mutual value creation between the

Company and its employees growing together

toward a shared future.Warm Workplace: Building a 69

Dream Home Together

Career Growth: Enabling Career 73

Development

Health Guarantee: Safeguarding 78

Employees’ Physical and Mental

Health

This chapter addresses five SDGs.Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Warm Workplace: Building a Dream Home Together

The Company emphasizes equality as the principle and inclusion as the culture striving to attract diverse talent foster team Renumeration and Benefits

cohesion and build a stable and harmonious work environment.Employee’s Rights and Interests LongShine Group ensures comprehensive social security coverage for its employees covering five types of social insurance and the housing provident fund along with supplementary medical and commercial insurance. On this basis we further

increase the medical reimbursement ratio and coverage scope. Additionally we offer employees 12 days of paid leave each

LongShine Group abides by the Labor Law of the People’s Republic of China and other relevant laws and regulations year as well as parental leave and caregiver leave ensuring adequate rest for employees. By the end of the reporting period

establishing recruitment policies that uphold equal employment principles. We strictly prohibit any form of discrimination a total 729 employees had benefited from parental leave totaling 7097.73 days and 23 employees had taken caregiver

based on gender age race religion or other differences in recruitment and promotion processes. In addition the use of child leave for their parents with a total of 133.75 days.labor is firmly forbidden. We are committed to fostering a fair and equitable recruitment environment.Upholding the principles of “aligning responsibility with rewards ability with value risk with returns and performance withThe Company has developed a 2025 Campus Recruitment Plan focusing on fresh graduates from top universities including earnings” we have established internal management policies such as the Remuneration Management System and the

the “985” “211” and “Double First-Class” universities implementing a tiered and specialized talent recruitment approach. Working Hour Management System creating a remuneration incentive mechanism ensuring equal pay for equal work and

In terms of promotion strategy we have built an integrated campus recruitment portal that combines internal and external fair rewards for employees’ contributions.resources while leveraging online platforms to consolidate resume databases and establish a private talent pool. Additionally

we have enhanced our referral mechanism offering incentives to encourage employees to recommend suitable candidates.In 2024 the campus recruitment plan was successfully executed attracting and selecting a large number of outstanding

talents and injecting fresh energy into the Company’s growth. Employee Care

LongShine Group’s Employee Composition in 2024

We practice the culture of “We Are Family” and has fostered a caring and supportive work environment. Through team-

building activities employee care programs and open communication we strengthen team trust and cohesion inspire

employees’ sense of belonging and drive the Company’s development.Total number of 1670 By Gender 38813881 Employee Care Employee Assistance

employees in 2024The Company provides special occasion We have established the “LongShine

5551 cash gifts to celebrate employees’ Love Association” to support employees significant life moments. In 2024 we in need. By the end of the reporting

distributed 174 wedding gifts and 191 period we had raised a total of RMB

childbirth gifts. These initiatives help 263700 in donations assisting ten

Male employees create a warm workplace atmosphere. employees who met the standards. In

Female employees 2024 over 1500 employees participated

in charitable donation activities offering

meaningful support to colleagues facing

85 7 hardships.

472992992

3459 By Age 2007 By Educational Background

4080

4080

Employees aged under 30 Employees with Junior College Degree or Under

Employees aged between 31 and 50 Employees with Bachelor’s Degree

Employees above 51 Employees with Master’s Degree

Employees with Doctoral Degree or Above

69 70Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

We emphasize work-life balance and encourage employees to participate in sports and family-friendly activities creating a

healthy and engaging workplace.Fitness Activities Family Engagement

● We operate multiple sports clubs nationwide providing ● In 2024 we welcomed over 300 employees’ familydiverse fitness options to ignite employees’ enthusiasm members to the Wuxi CPU Space for the“ LongShinefor physical activity and promote employees’ physical and Group Family Open Day and we had a joyful

mental health. and unforgettable time. The Company planned

We partnered with external organizations to host the interactive sessions and park activities allowing ●

2024 Wuxi Taihu International Tech-Park 3V3 Basketball employees and their families to fully experience

Tournament and the 2024 “Happy IPARK” Badminton our care warmth and commitment to a people-

Competition helping employees improve their physical centered culture.fitness and sense of achievement.● We organized a Fitness Challenge that attracted nearly Trophies from the Annual Excellence Awards Ceremony

400 employees. During the event employees competed a

total of 11386 fitness check-ins. Participants in the weight

loss program lost a total of 1820.7 jin (approx. 910 kg).Employee Celebration

● In 2024 we held the “Annual Excellence Awards ● We also host “Anniversary Celebrations” honoringCeremony” continuing to honor outstanding contributions employees who have been with the Company for

with awards such as the “Pioneering Contribution Award” three five and ten years with commemorative

“Innovation Breakthrough Award” and “Customer gifts. Each gift includes a handwritten letter fromAchievement Award”. Additionally we introduced two their supervisor expressing sincere gratitude and

new awards “Spring Breeze Award” and “Spark Award” recognition. Through these heartfelt messages

dedicated to recognizing exceptional volunteers and employees feel truly valued appreciated and Family Open Day Anniversary Celebration Site

promoting the values of public service and the positive cared for fostering a strong sense of belonging

impact of technology on society. and happiness.Open Communication and Inclusion

In compliance with the Trade Union Law of the People’s Republic of China and the Regulations of Jiangsu Province on

Democratic Management in Enterprises we have established the LongShine Technology Group Employee Representative

Conference System and other internal policies. These policies safeguard employees’ rights to association collective

consultation information access participation expression and supervision. Employees are invited to freely share valuable

suggestions and reasonable requests with their direct supervisors relevant departments or the Company’s executives.Additionally we conduct regular employee satisfaction surveys with the satisfaction rate reaching 94.67% in 2024.To fully leverage the role of employee representatives in democratic management and supervision we hold an annual

employee representative conference with representatives selected from both mid-to-senior management and frontline

employees. The proportion of female and ethnic minority representatives is aligned with the overall workforce structure.Diversity Protection

The Company values diversity of employees ensuring support and care for employees from different regions and

backgrounds. Before hosting events we routinely review the number of ethnic minority employees to ensure that cultural

dietary preferences are respected such as such as by providing halal mooncakes and other culturally appropriate meal

options. Additionally we offer paid leave for ethnic minority employees with 77 employees collectively applying for 348 days

of paid ethnic minority special leave in 2024.

71 72Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Career Growth: Enabling Career Development The Company offers a wide range of training programs encouraging employees to actively participate in order to enhance their professional skills and management capabilities. In 2024 we conducted a total of 223539 hours of training across

88 categories covering all aspects of employee growth and business development. A total of RMB 3368100 was spent

in training with an average spending of RMB 606.76 per employee and an average training hour of 40.27 hours perAs a technology-driven Company in the energy sector LongShine Group firmly believes that “talent is the core driving force employee. All employees regardless of gender or job level participated in training programs tailored to their needs ensuringof innovation.” We use performance management as a key tool to develop tailored career advancement plans building a comprehensive training coverage for all employees.comprehensive and multi-level employee training system. This ensures that employees have a broad platform for growth

aligning personal development with corporate success.Training System we conducted a total of Training Categories

LongShine Group has established a comprehensive and structured training system covering five core categories: onboarding 223539 hours of training 88

training business training professional skills training technical training and management training. This tiered and systematic

approach ensures tailored development strategies for different levels and types of talent supporting the Company’s business

strategy.We actively build a resource platform for talent development programs to enhance employees ’expertise and competitiveness Total training spending Average training spending

in the energy sector providing strong talent support for the Company’s sustained growth.RMB 3368100 RMB 606.76 per employee

Diversified Training Resource Platform

Faculty Development and Management: Building a Professional Internal Trainer team

Average training hours

In 2024 the Company established a diverse team of 352 internal trainers across fields such as energy digital 40.27 hours per employee

intelligence the IoE AI technology and energy integration enabling knowledge sharing and enhancing employees’

professional skills and comprehensive capabilities in the s in energy digital intelligence and the IoE.Curriculum Development and Management: Creating a Systematic and Structured Learning System

Hosted 916 online courses on the “LongShine M-learning” platform covering group management group capabilities

energy digitalization internet TV and the IoE meeting the employees’ diverse learning needs.Employee Certification and Qualification Management: Strengthening Professional Expertise

Supported employees in obtaining certifications related to technology and energy in ITSS high-voltage electrical

work construction electrical work PMP and other related credentials meeting the professional qualification

requirements of different positions and helping improve employees’ qualification levels.

73 74Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Management Development Training New Employee Growth Training

The “Future Team” Executive Training Program New Star Program for Fresh Graduates

The goal of this program is to cultivate a group of In 2024 the Company upgraded its New Star Program providing six months of systematic training to lay aexecutives who can lead teams to create value solid professional foundation for 156 fresh graduates. The program adopts a strict training model of“ mandatorydrive business innovation and growth and guide exams for every lesson” combined with one-on-one mentoring and personalized IDP (Individual Development

the Company through economic cycles toward Plan) tracking. This ensures that each participant can grow rapidly through both theoretical learning and

sustainable development over a period of three to practical experience.five years. The program has organized six specialized

learning sessions covering topics such as LongShine

Entrepreneurship History Macroeconomics and

Strategy and Strategic Management. A total of over

300 hours of training has been conducted benefiting Macroeconomics Course in the Future Team Program

more than 120 participants. The program ensures

that trainees grow simultaneously in both theoretical

learning and practical experience.“Digital-Driven Industrial Innovation” Learning Session

In August 2024 the Elite Class participants tookpart in a learning session themed “Digital-DrivenIndustrial Innovation” further honing their innovation

capabilities through hands-on project involvement.Through systematic training and practical experience

the company has cultivated a future leadership team

equipped with strategic vision innovative thinking and

leadership skills driving steady growth in innovation “Flying Camp” New Star Program

and business development.New Force Program for Newly Recruited Employees from the Society

“Digital-Driven Industrial Innovation” Learning Session

The New Force program provides comprehensive and in-depth training for 919 new hires from various positions

through 15 carefully designed online courses. The program not only covers professional knowledge and skills but

also focuses on developing the newcomers’ teamwork innovative thinking and problem-solving abilities.Business Enhancement Training

Project Management—PMO Engine Action Series

Professional Technical TrainingThe program is divided into two main modules: “PMOProject Management System Construction” and “PMOProfessional Skill Enhancement”. It has achieved Star Sharing Sessions

significant results in terms of training scale participantquality and project delivery outcomes. The “PMO The Star Sharing sessions as the flagship program for internal professional knowledge and skill exchange heldProject Management System Construction” hosted ten high-quality live training sessions covering 33 departments attracting over 3100 participants. The programeight sessions training 1939 participants. The “PMO successfully identified 15 professional internal trainers with an average satisfaction score of 4.8 out of 5.Professional Skill Enhancement” held five sessions

training 1332 participants. Participant satisfaction for Product Promotion/Launch Events

each sub-projects generally exceeded 90 points with

several sub-projects achieving a satisfaction rate as The “Product Promotion/Launch Events” serves as the core platform for the online promotion of new products.high as 99 points. Through four live streaming events it covered 29 departments and had over 3372 views. The program

“PMO Engine Action” Training Site successfully identified seven technical experts as internal trainers with an average satisfaction score of 4.75

out of 5.

75 76Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Employee Promotion Health Guarantee: Safeguarding Employees’

LongShine Group has developed an Employee Performance Management System that uses the OKR performance evaluation Physical and Mental Health

and incentive mechanism to provide employees with clear career development paths and fair promotion opportunities. We

set multi-dimensional assessment criteria such as values performance qualities and leadership with performance levels

categorized as “Excellent” “Good” “Satisfactory” “Needs Improvement” and “Underperforming”. Combining semi-annual LongShine Group has always placed great importance on the physical and mental health of its employees strictly adhering

and annual assessment cycles the system enhances employees’ sense of responsibility and work capabilities effectively to national occupational health and safety regulations and establishing comprehensive emergency response mechanisms to

improving performance and optimizing team competitiveness. protect employees’ occupational health and safety. In addition the Company actively organizes various fitness activities and

psychological courses to comprehensively care for employees’ well-being helping them to better engage in work and life.Application of Performance Results

Health and Safety

The Company strictly complies with the Work Safety Law of the People’s Republic of China and the Fire Control Law of the

Tied to performance salaries employees assessed as “Needs Improvement” may People's Republic of China as well as other laws and regulations. We have developed internal policies such as the Office

Performance Bonuses have their performance salary canceled with year-end bonuses prioritized for Management Regulations and the Emergency Response Plans for the Office to ensure the safety of our employees.“Excellent” and “Good” employees.● Organized annual free health check-ups with diverse health check-up packages tailored to

Employees assessed as “Excellent” or “Good” are given priority for promotion while employees’ specific needs in the internet industry allowing them to understand their health

Position Adjustment those assessed as “Needs Improvement” may be trained or have their positions status promptly.adjusted. If performance does not improve their contracts may be terminated. Physical

Health ● Set up convenient first aid kits in office areas to ensure employees can receive medical support

quickly when it is needed.Employees assessed as “Excellent” or “Good” are given priority for salary increases

Remuneration Adjustment while those with consecutive “Needs Improvement” assessments will not be eligible

for salary adjustments and may face salary reductions depending on the situation. ● Formed the Sunshine Chat Room composed of a volunteer team with psychological counseling

training or certification to offer psychological counseling and services to alleviate work stress

Mental and enhance employees’ sense of happiness in life and work. By the end of 2024 the team had

Health provided personalized counseling to 16 employees covering topics such as emotional issues

family dynamics anxiety and personal growth.Employees rated as “Excellent” or “Good” are given priority for training opportunities

Employee Training while those assessed as “Needs Improvement” will undergo targeted training to

improve their performance.● Conducted health promotion and education releasing warm protective measures during peak flu

and infectious disease seasons to remind employees to pay attention to personal hygiene and

Health protective actions.Education ● Regularly invite medical industry experts to give lectures on occupational disease prevention and

health maintenance helping employees enhance their health awareness and master scientific

wellness methods

Emergency Drills

LongShine Group’s CPU office area is equipped with advanced fire alarm systems automatic fire suppression systems and

a 24-hour staffed central control/ fire control room to promptly detect potential risks. Additionally we regularly conduct fire

safety checks on office premises to address any potential fire safety hazards. In 2024 we carried out 12 safety inspections

and four first aid and fire emergency drills significantly enhancing employees’ emergency response capabilities and self-

rescue and mutual rescue skills.

77 78Demonstrating

05 R彰es显po担n当sib，ility B惠enSoc及e社fiting iety会“Pursuing goodness through business andfostering business through goodness” LongShine

Group always integrates business development

with social responsibility. While leveraging

technology to support customers in their digital

and intelligent transformation and providing

them solutions the Company actively engages

in public welfare efforts giving back to society

through concrete actions.Public Welfare Strategic Layout 81

Life Care 83

Rural Revitalization 85

Support for Vulnerable Groups 86

This chapter addresses four SDGs.Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Public Welfare Strategic Layout Foundation-led initiativesLongShine Group has established a comprehensive public welfare Guided by the mission to “empower a greener low-carbon lifestylestrategy characterized by “one vision two mechanisms and three focus through technology care for life and health and support ruralIn 2024 the Company investedareas”. Guided by the belief of “turning kind intentions into wise actions” LongShine revitalization to make the digital world a better place” the LongShine a total of

the Company adopts a dual mechanism involving both the Company-led Public Welfare Public Welfare Foundation focuses on three key areas: life care

initiatives and foundation-led initiatives. It focuses on three key areas: Foundation community development and rural revitalization. Through efforts inlife care rural revitalization and support for vulnerable groups. Through RMB 3.5 million in public these areas we are steadily advancing toward our vision of “usingthese efforts LongShine Group continues to expand its presence in welfare efforts technology to illuminate a greener and better life”

public welfare and has forged a public welfare path with distinctive

characteristics of LongShine Group. Beijing Daisy Flower Charity aims to provide assistance to poor

benefiting communities in remote areas so as to achieve an overall development of

18894 the public welfare services. The Charity focuses on left-behind children Beijing Daisy people with Flower Charity addressing key issues such as the lack of parental companionship limited access to education psychological imbalance and insufficient

Public Welfare Strategic Layout nearly safety awareness. By tackling these challenges we aim to broaden their

3000 horizons and support their healthy growth. hours of

Turning kind voluntary activities

intentions into The First LongShine Public Welfare Day

wise actions One vision

Company-led initiatives and On July 26 2024 LongShine Group launched its first public welfarefoundation-led initiatives Two mechanisms day under the theme of “Technology for Good Let’s Do GoodLife care rural revitalization and support for Together”. The event featured a series of activities including a public Three focuses

vulnerable groups welfare exhibition sharing sessions a wish wall and an art show

all highlighting the Company and its foundation’s achievements in

areas such as life care education health and community services.As part of the public welfare day the Fourth Daisy Summer Camp

Two Mechanisms was held bringing together a team of 62 participants for an

educational and cultural exchange trip to Wuxi and Shanghai. The

To advance our public welfare services LongShine Group has established two mechanisms featuring company-led initiatives team included 50 girls and ten teachers from five primary and

and foundation-led initiatives. With support from volunteer associations across its branches LongShine Group actively secondary schools in Xinjiang along with a team leader from the

demonstrates its corporate social responsibility by launching company-led initiatives and engaging in public welfare activities Xinjiang Health Commission and a medical staff member. Through a

across various sectors. In addition the Company leverages the role of foundations with LongShine Public Welfare Foundation wide range of activities the children got the opportunity to broaden

and the Beijing Daisy Flower Charity act as the major channel delivering LongShine Group’s efforts into public welfare their views by visit cultural landmarks explore museums and

services. experience local culture. Looking ahead we will continue to explore

sustainable practices in “technology for good” and inspire more

Company-led initiatives volunteers to join us in public welfare services. The First LongShine Public Welfare Day

Following the steps of “99 Giving Day” we established LongShine Group Volunteer The First Annual Conference of LongShine Volunteer Association

LongShine Association in September 2024. LongShine Group is committed to a variety of public

Group welfare initiatives including life care community development and rural revitalization.Volunteer A total of 150 participants took part in the activities contributing a combined 447 On December 31

st 2024 the First Annual Conference of LongShine

Association

hours of volunteer services. We value the quality of our volunteer services and actively Volunteer Association was held at Donglin Academy in Wuxi. The

organize volunteer training programs with an aim to drive social progress. conference theming “You’ve Brought Warmth” aimed to highlight

the power of volunteers and the positive impact of public welfare.LongShine In May 2024 the LongShine Group Volunteer Platform was officially launched. Since The conference not only reviewed the achievements of the past

Group then LongShine Group’s employees and caring people from all sectors of society have year but also set forth a vision for the future. LongShine Group will

Volunteer actively registered on the platform and participated in various volunteer activities. continue to act on its original aspiration and work with volunteers

Platform In 2024 a total of 65 activities were organized contributing a combined total of 764 to drive social progress and harmony with its good heart and real

volunteer hours. action and bring more warmth and hope to society. The First Annual Conference of

LongShine Volunteer Association

81 82Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Three Focuses Rainbow of Dreams · Light of Wish Project

Public welfare is an ongoing journey. LongShine Group will life care To further advance hospice care in China and bring warmth to

continue to explore and expand its efforts focusing on rural revitalization patients in the terminal stages of illness and their families thethree key areas: life care rural revitalization and support and support for LongShine Public Welfare Foundation launched the “Rainbow offor vulnerable groups. Through tangible actions we will vulnerable groups Dreams · Light of Wish” project. In the first phase of the project

demonstrate our corporate social responsibility and bring the Foundation carried out a series of humanistic care activities in

more warmth and positive energy to society. different wards including oncology wards and hospice care rooms.These activities include letter writing family photos birthday

celebrations meeting friends enjoying food watching movies and

providing companionship. In March 2024 the second phase of the

Life Care project was launched. Building upon the first phase’s activities it introduced “Wishes-Come-True” service program. Together the

two phases have benefited over 400 individuals.The Company has built a comprehensive life care system and launched a series of activities on palliative care all in an effort

to create a warmer and more compassionate society. The LongShine Public Welfare Foundation is dedicated to

fulfilling the wishes of patients in hospice care rooms while also

encouraging more people to care for and pay attention to the

Events for the World Hospice and Palliative Care Day elderly in the terminal stages of life. Through these efforts we aim

to promote the continued development of hospice care in China.On October 12 2024 the 2024 World Hospice and Palliative Care Day hosted by Chinese Association for Life Care

and organized by the LongShine Public Welfare Foundation was held at the LongShine Technology Industrial Park. Rainbow of Dreams · Love and Care Project

Nearly 180 attendees participated in the event including representatives from relevant departments of the National

Health Commission the Jiangsu Commission of Health the Wuxi Municipal Government Wuxi National High-tech

District the Wuxi Municipal Health Commission Chinese Association for Life Care the LongShine Public Welfare In April 2024 LongShine Public Welfare Foundation officially

Foundation as well as experts from the healthcare field and professionals from hospice care institutions. At the launched its “Rainbow of Dreams · Love and Care” Project. It

event the Chinese Association for Life Care’s Framework for Advancing the Development of Hospice Care Systems provided special financial support to the first 150 deceased

and 5-Year Action Plan and the “Hospice Care · Spark Program” were released which was covered by multiple individuals who received hospice care in 25 designated pilot

meida outlets. This event not only summaried our past efforts but also marked a new starting point for future work medical institutions. This project also aimed to support the

in life care. It inspired us to continue advancing on the path of caring for life and contributing to the development of implementation of the third batch of national hospice care pilot

hospice care in China. programs. In addition to support the development of a strong

hospice care talent team in Wuxi the Foundation compiled and

edited a collection of case studies from pilot institutions. These

cases l served as practical models for learning and promotion and

contributed to the high-quality development of hospice care.“Lighting the Mind · Caring for Life” Public Welfare ProgramIn response to the Party’s 20th National Congress call to “prioritizemental health and psychological well-being” the LongShine Public

Welfare Foundation launched a public education program titled

“Lighting the Mind ·Caring for Life” on the China’s Internet TV

platforms in April 2024. By releasing expert-led video courses on

a regular basis it offered practical guidance on psychological

adjustment emotional management and hospice care for the

elderly and their families. As of December 2024 the series had

garnered nearly 9000 views continuously promoting public

awareness of life care mental health and psychological well-being

among the elderly in the community.World Hospice and Palliative Care Day

83 84Smart Energy Driven by Innovation Responsible Business Practice Empowering Employees Demonstrating Responsibility

Leading the Future Advancing with Determination Building a Strong Foundation Building a Shared Future Benefiting Society

Rural Revitalization Support for Vulnerable Groups

LongShine Group actively responds to the call for rural revitalization carrys out charitable donation activities and elderly- We always care vulnerable groups. We spread warmth through a series of charitable initiatives. Like stars illuminating the

friendly renovation projects effectively promoted the development of rural areas. In 2024 the Company invested RMB sky our acts of love and care lighten every corner of society converge into a powerful force that propels society forward

1225232.8 in this effort benefiting 2922 people. with kindness.

“Hand in Hand· Heart to Heart” Public Welfare Program

“Safe and Comfortable Living for Seniors” Public Welfare Program

To improve the quality of life for the elderly and share the benefit ofThe LongShine Public Welfare Foundation launched “Safe and technology the LongShine Public Welfare Foundation launched the “Hand inComfortable Living for Seniors” elderly-friendly renovation project Hand·Heart to Heart” public welfareproject. It focuses on seniors in special

with an aim to improve the living standards for elderly individuals need at eight elderly care institutions in Wuxi. In March 2024 the Company

in need. With a dedicated fund of RMB 100000 the Foundation donated 200 Yiban smart terminal devices to better meet the diverse needs

supported home renovations for 20 vulnerable elderly individuals of these seniors. A volunteer team was also formed to provide continuous

receiving subsistence allowances in Huzhu County Haidong City. support. A total of 16 training sessions from March to December to guide the

The project not only provided a safer and more comfortable living elderly in using the devices making sure that the technology can be applied

environment for these seniors but also helped foster a culture of into their daily lives. This project demonstrated the Foundation’s commitment

respect and care for the elderly in society. to social responsibility and spreading love and warmth through real action.School Visits in Xinjiang

“Across Miles · Supporting Seniors” Public Welfare Program

At the end of September 2024 the Beijing Daisy Flower Charity launched the

fifth round of its school visit program in Xinjiang. Volunteers visited Changji No.To help create a more comfortable care environment for the elderly 13 Primary School Tacheng No. 3 Primary School and Qinghe County Junior

the LongShine Public Welfare Foundation in collaboration with the High School to conduct on-site research and outreach. Material support andBeijing Daisy Flower Charity launched the “Across Miles · Supporting educational grants were offered to 50 needy families helping them overcomeSeniors” project. Under the entrustment of designated donors two difficulties in daily life.donations of RMB 450000 were made respectively to the Cuoa

Elderly Care Home in Dege County Ganzi Tibetan Autonomous

Prefecture Sichuan Province totaling RMB 900000. The funds were “Hand in Hand with Heart · Companion with Love” Public Welfare Program

designated to support daily operations and related project expenses

aiming to address the real-life challenges faced by seniors in Tibetan

regions. Furthermore it also combined public welfare efforts into the To extend warmth and care to elderly individuals in special need thebroader rural revitalization strategy. LongShine Public Welfare Foundation launched the “Hand in Hand with Heart· Companion with Love” project. In the first phase the project hosted birthday

celebrations and food tastings for seniors in special need and have volunteers

to talk with them. In July 2024 the project entered its second phase. We

selected exemplary cases from both the first and second phases of the

Charitable Donation Activities project and shared them across media platforms to raise public awareness

and inspire broader community involvement in elderly care services. Across

both phases a total of 24 activities were carried out benefiting 884 people.On April 16 2024 the Beijing Daisy Flower Charity took part in the “Singing the East Is Red Again” activity donating

4000 books worth RMB 80000 to Dazhuangke Township an area with revolutionary tradition and conducting

research on topics related to rural revitalization. On October 7 2024 volunteers visited three primary schools in Azak “Fulfilling a Wish for Left-behind Children” Activity

Town Artush City Kizilsu Kyrgyz Autonomous Prefecture Xinjiang and held discussions with teachers and students

as part of early planning for the “Children’s Day Little Wishes” and the “Summer Camp” activities in 2025. At the end

of October 2024 the “Voices and Words of Love” donation campaign was held encouraging volunteers to donate We gathered “tiny actions” to fulfill “little wishes.” On June 1 2024 the Beijing Daisy Flower Charity launched the

unused children’s books and stationery for children in poverty-stricken areas. The campaign collected more than 550 third phase of its “Fulfilling a Wish for Left-behind Children”. The activity collected wishes from 502 left-behind and

children’s books and 500 sets of stationery. On December 20 2024 1219 professional books valued at RMB 60000 disadvantaged children across ten schools in remote areas such as Xinjiang and Ganzi. Each wish was picked by a

were donated to Xinjiang College of Science and Technology. volunteer who helped make the child’s dreams come true and gave them a joyful and memorable Children’s Day.

85 86Looking Ahead

Looking Ahead

In the process of achieving the national “dual carbon” goals and pursuing high-quality

development challenges in balancing security economic growth and green development

have emerged in the country’s medium- and long-term energy development. China is

steadily advancing the building of new power systems and other critical infrastructure and

deepening power market reforms to increase the consumption ratio of renewable energy.At the same time power and energy systems are increasingly intertwined with digital

technologies. Breakthroughs in AI technologies such as Qwen and DeepSeek are creating

significant opportunities for application and innovation within the power and energy sector.In this context AI technologies and innovative business models can drive the creation

high-tech efficient new quality productive forces provided that the market serves as the

premise digital intelligence form the foundation and a scenario-based approach acts as

the method. This achievement will advance an all-round development in the power market

significantly increase the efficiency of renewable energies resolve the impossible trinity

of security economic growth and green development and unleash market vitality and

business opportunities.LongShine Group is a leading tech company in the power sector. We focus our development

strategy on energy digital intelligence and the IoE. By integrating AI technologies digital and

intelligent services scenario-based connections and platform-based transactions we aim

to deliver more convenient cost-effective and eco-friendly electricity services. LongShine

Group is committed to becoming an AI-driven leading technology and energy company. On

one head in the field of digitalization and intelligence the company provides core business

software solutions and digitalization services to customers such as State Grid Corporation

of China China Southern Power Grid and Power Energy Group supporting the development

of new power systems. In the field of IoE on the other hand the Company builds elecrticity

service scenarios including utility bill payments integrated EV charging virtual power

plants and microgrids to offer digital and intelligent operations and AI-powered electricity

trading services for energy consumers.Looking ahead LongShine Group will remain steadfast in innovating and upgrading its

business operations. The Company will shift from a customer-driven operational model

to an AI-driven one and upgrade from a project-based software service provider to a

platform-based energy operator. LongShine Group will strengthen its “AI + Energy” strategy.By stepping up its research and practices in areas such as AI platform development time-

series forecasting models and AI agents the Company fully embraces AI technologies

and aims to connect all aspects of electricity load resources from generation storage to

consumption. In this way we can enhance resource regulation and better match supply

and demand expand the scale of power platform-based transactions.In an era of rapid evolution of new energy and technologies LongShine Group will

continue to prioritize technological innovation and green development. The Company will

build platforms connect supply and demand and facilitate transactions with the goal

of becoming a global leading provider in green elecrticity services. LongShine Group is

committed to making energy operations smarter and energy consumption greener.

87 88Appendix

Appendix

ESG Key Performance Indicator

Environment Performance

Indicator Unit 2024 data 2023 data 2022 data Indicator Unit 2024 data 2023 data 2022 data

Household waste kg 239320 242120 / Total Energy Consumption of Data

Centers MWh 1092.52 / /

Kitchen waste kg 111 426 147840 /

General Data Renewable Energy Usage in Data Total kg 350746 389960 / Center Centers MWh 156.56 / /waste

kg/RMB Share of Renewable Energy in Data

General waste density 10000 0.78 / / Centers % 14.33 / /

revenue

Waste Used batteries kg 18.35 9.70 11 Direct GHG emission (scope 1) tCO2e 1286.68 / /

Used toner cartridges kg 18.53 21.90 93

Used ink cartridges kg 8.03 / / GHG Indirect GHG emissions (Scope 2) tCO2e 1036.11 / /

Hazardous emission

waste Total kg 44.91 / / Total GHG emissions tCO2e 2322.79 / /

kg/RMB tCO2e/

Hazardous waste 10000 0.00010 / / GHG emission intensity RMB 10000 0.0052 / /

revenue

revenue

Office paper consumption Tonne 4.70 4.70 5.01

Water consumption Tonne 49495 23484 9760

Social Performance

Gasoline Tonne 6.30 / /

Energy 3

consumption Natural gas m 53829 / / Indicator Unit 2024 data 2023 data 2022 data

Use of Electricity MWh 7067.67 5448.40 4365.40

Product

safety and Customer complaint resolution rate % Above 99 / /

resources Renewable energy consumption MWh 5223.07 / / responsibility

Non-renewable energy consumption MWh 2502.58 / / Total R&D investment RMB100 million 5.37 5.18 5.67

Total energy consumption MWh 7725.65 / / Sci-tech Total R&D staff Person 3218 3298 3268

innovation

Comprehensive Energy Consumption MWh/RMB

and Number of patents Set 505 460 406

per RMB 10000 of Output 10000 0.017 / /

Intellectual Number of major patents applied Set 319 288 264

revenue Property Number of authorized patents Set 279 239 193

protection

Number of licensed copyrights Set 1350 1228 1033

Number of Environmental Incidents or Administrative

Penalties set 0 / / Number of trademarks Set 505 476 483

Information Number of complaints regarding customer privacy

Security violations

Set 0 / /

and Privacy Number of violations on information security and

Protection privacy protection Set 0 0 0

89 90Appendix

Indicator Unit 2024 data 2023 data 2022 data Indicator Unit 2024 data 2023 data 2022 data

The amounts of money involved in data security RMB 0 / / Total number of Han employees at

Information incidents 10000 management level

Person 701 / /

Security Number of Number of requests Times 0 / / Han employees’ proportion in

and Privacy customer % 12.98 / /By ethnic management

Protection data access Proportion of disclosed requests % 0 / / groups Total number of ethnic minority

requests employees at management level Person 16 / /

Total number of Ethnic minority employees’ proportion

employees Total number of employees Person 5551 5812 5716 in management % 10.74 / /

Number of full-time employees Person 5548 5810 / Total number of

By types of new hires

Number of new hires in 2024 Person 817 / /

labor contract Number of dispatched workers Person 2 2 / Total number of new hires through

social recruitment Person 661 / /Number of interns Person 1 0 /

Total number of new hires through

Senior management Person 32 46 34 campus recruitment Person 156 / /Number of new

Mid-level management Person 197 911 436 hires and cost Number of positions filled by internal

employees Person 0 / /By position

Junior management Person 488 / /

Average hiring cost per employee RMB 10000 0.16 / /General staff Person 4834 4855 5219

Number of new hires aged 30 and

Male Person 3881 4142 3987 below Person 477 / /

By gender

Female Person 1670 1670 1729 Number of new hires aged 31–50 Person 339 / /

Number of new hires aged over 51 Person 1 / /

Below 30 Person 2007 2454 2687

By age Number of internal transfers aged 30

and under Person 0 / /By age 31-50 Person 3459 3283 2975

Number of internal transfers aged

Above 51 Person 85 75 54 Employees 31–50 Person 0 / /

Employees with College Degrees or Person 992 1229 / Number of internal transfers aged Below above 51 Person 0 / /

Employees

By educational Employees with Bachelor’s Degrees Person 4080 4180 / Number of new hires in senior

background management

Person 1 / /

Employees with Master’s Degrees Person 472 396 / Number of internal hires in senior Person 0 / /

Employees with Doctorate Degrees or management

Higher Person 7 7 / Number of internal hires in mid-level

Female proportion in management % 17.57 / / management

Person 6 / /

Female proportion in senior Number of internal hires in mid-level

management % 15.63 / / management

Person 0 / /

By position

Female proportion in mid-level Number of new hires in junior % 5.40 / / management Person 10 / /management

By position

Female proportion in junior Number of internal hires in junior

management % 17.01 / / management

Person 0 / /

Female proportion in revenue- Number of new hires in general staff % 27.71 / / positions Person 800 / /generating roles

Number of internal hires in general

Female proportion in STEM positions % 22.03 / / staff positions Person 0 / /

Total number of employees with Number of male new hires Person 569 / /

disabilities Person 20 / / Number of female new hires Person 248 / /

Number of By gender

employees in Male employees with disabilities Person 11 / / Number of male internal hires Person 0 / /

minority groups Female employees with disabilities Person 9 / / Number of female internal hires Person 0 / /

Number of new hires in Chinese

Total ethnic minority employees Person 149 / / By region Mainland Person 816 / /

91 92Appendix

Indicator Unit 2024 data 2023 data 2022 data Indicator Unit 2024 data 2023 data 2022 data

Number of new hires in Hong Kong Person 1 / / Number of fire drills times 2.0 / /Macao and Taiwan regions of China Employees 10000

By region Number of new hires in overseas

Number of participants in fire drills 0.1 / /

regions Person 0 / /

people

Number of internal hires in Chinese Number of corruption litigation cases Set 0 0 0

Mainland Person 0 / / Total number Directors Person 8 / /

Number of internal hires in Hong Kong of employees Person 0 / / receiving Management Person 347 / /

By region Macao and Taiwan regions of ChinaNumber of internal hires in overseas business ethics

regions Person 0 / / and anti-

Anti- General staff Person 3118 / /

Total employee turnover rate % 18.65 / / corruption

Total employee commercial training

turnover rate Voluntary turnover rate % 9.34 / / bribery Percentage Directors % 100 / /

Involuntary turnover rate % 9.31 / / of employees

receiving Management % 49 / /

Turnover rate for male employees % 20.54 / /

By gender business ethics

Turnover rate for female employees % 14.26 / / and anti- General staff % 64.50 / /

Turnover rate for employees aged 30 corruption

and under % 19.34 / / training

By age Turnover rate for employees aged % 18.28 / / Total number of suppliers - 1858 1663 93431–50

Turnover rate for employees aged Supply Chain

Domestic suppliers - 1849 / /

% 18.15 / / Number of above 51 Management suppliers by Suppliers from Hong Kong Macau and

Turnover rate for Chinese Mainland region Taiwan regions

-0//

By region employees

% 18.65 / / Overseas suppliers - 9 / /

Turnover rate for overseas and Hong % 0 / / Total investment in life care RMB 469877.84 / /Kong Macao and Taiwan employees

Percentage of employees covered by collective Scope and number of people benefiting % 42 / / Life care from life care projects Individual 9739 / /agreements (unions)

Employees Percentage of employees covered by five types of social Total time spent in life care projects Hour 526 / /

insurance and the housing provident fund % 100 100 100 Total investment in rural revitalization RMB 1225232.81 / /

Employee health check-up rate % 77.60 / /

Rural Scope and number of people benefiting

Lost work hours due to work-related injuries Hour 3000 / / revitalization from rural revitalization projects

Individual 2922 / /

Total time spent in rural revitalization

Investment in training and development RMB 336.81 / / projects Hour 70 / /10000

Total amount of training hours Hour 223538.97 82573.52 119134.76 Total investment in community

development RMB 101995.59 / /

Average training hours per employee Hour/ 40.27 14.01 20.25 Community Scope and number of people benefiting person development from community development projects Individual 6805 / /

Number of Male employees Person 3881 / / Total time spent in community

employees development projects Hour 56 / /

trained by Female employees Person 1670 / / Social

gender contribution Total investment in youth care RMB 691107.78 / /

Senior management Person 32 / /

Number of Youth care

Scope and number of people benefiting

from youth care projects Individual 864 / /

employees Mid-level management Person 197 / / Total time spent in youth care projects Hour 1747 / /

trained by Junior management Person 488 / / Total investment in cultural

position RMB 324425.23 / /

General Staff Person 4834 / / development

Male employees Hour 953836.56 / / Cultural Scope and number of people benefiting Total training development from cultural development projects Individual 600 / /

hours by gender Female employees Hour 403659.25 / / Total time spent in cultural development Hour 360 / /

Senior management Hour 16507.30 / / projects

Total training Mid-level management Hour 56885.42 / / Total amount of social contribution RMB 350 145 1457

hours by 10000

position Junior management Hour 140914.15 / / Total investment Total number of people benefiting from

General Staff Hour 1143188.94 / / social contribution programs

Individual 18894 / /

Total number of hours spent in social

Employee absenteeism rate % 1.09 1.03 1.12 contribution programs Hour 3000 / /

93 94Appendix

SZSE’s ESG Disclosure Guidelines GRI Standards

Dimensions No. Topic Corresponding articles Sections

GRI Standards/

Other Source Disclosure Sections

1 Climate change tackling Articles 21 to 28 Low-Carbon Pioneer Leading the Green Trend Universal Standards

2 Pollutant discharge Article 30 Low-Carbon Pioneer Leading the Green Trend GRI 1: Foundation

3 Waste disposal Article 31 Low-Carbon Pioneer Leading the Green Trend GRI 2: General Disclosures

4 Ecosystem and biodiversity

The organization and its reporting practices

conservation Article 32 Low-Carbon Pioneer Leading the Green Trend

Environment 2-1 Organizational details About This Report

5 Environmental compliance Article 33 Low-Carbon Pioneer Leading the Green Trend 2-2 Entities included in the organization’s sustainability management reporting About This Report

6 Energy usage Article 35 Low-Carbon Pioneer Leading the Green Trend 2-3 Reporting period frequency and contact point About This Report

7 Usage of water resources Article 36 Low-Carbon Pioneer Leading the Green Trend Activities and workers

8 Circular economy Article 37 Low-Carbon Pioneer Leading the Green Trend 2-6 Activities value chain and other business relationships About LongShine Group

9 Rural revitalization Article 39 Rural Revitalization

2-7 Employees A Warm Workplace: Building a Dream Home Together

Public Welfare Strategy

2-8 Workers who are not employees A Warm Workplace: Building a Dream Home Together

Life Care

10 Contributions to the society Article 40

Rural Revitalization Governance

Caring for Vulnerable Group 2-9 Governance structure and composition Strengthening Internal Controls as Governance Foundation

11 Innovation-driven Article 42 Center of Innovation Hub of Intelligence

2-10 Nomination and selection of the highest governance Strengthening Internal Controls as Governance

Ethics of science and body Foundation12 technology Article Article 43 Center of Innovation Hub of Intelligence 2-11 Chair of the highest governance body Strengthening Internal Controls as Governance Foundation

13 Supply chain security Article 45 Improving Supply Ecosystem for Win-win Collaboration 2-12 Role of the highest governance body in overseeing Strengthening Internal Controls as Governance the management of impacts Foundation

Social

14 Equal treatment to small and medium-sized enterprises Article 46

Improving Supply Ecosystem for Win-win

Collaboration 2-13 Delegation of responsibility for managing impacts

Strengthening Internal Controls as Governance

Foundation

Commitment to Excellence Building a Trusted

2-14 Role of the highest governance body in Strengthening Internal Controls as Governance

15 Safety and quality of products Article 47 Brand; sustainability reporting Foundationand services

Putting Customers and Services at the Center 2-15 Conflicts of interest Compliance Ensuring Steady and Sustainable Growth

16 Data security and customer Article 48 Safeguarding Information and Data Security 2-16 Communication of critical concerns ESG Managementprivacy protection

2-17 Collective knowledge of the highest governance Strengthening Internal Controls as Governance

A Warm Workplace: Building a Dream Home body Foundation

Together;

2-18 Evaluation of the performance of the highest Strengthening Internal Controls as Governance

17 Employee Article 50 Career Growth: Enabling Professional governance body Foundation

Development; 2-19 Remuneration policies A Warm Workplace: Building a Dream Home Together

Health & Wellbeing: Supporting Body and Mind 2-20 Process to determine remuneration A Warm Workplace: Building a Dream Home Together

18 Due diligence Article 52 Compliance Ensuring Steady and Sustainable 2-21 Annual total compensation ratio A Warm Workplace: Building a Dream Home TogetherGrowth

Strategy policies and practices

19 Stakeholder communication Article 53 ESG Management

2-22 Statement on sustainable development strategy Message from the Chairman

Governance

20 Anti commercial bribery and Article 55 Compliance Ensuring Steady and Sustainable anti-corruption Growth 2-23 Policy commitments About This Report

2-24 Embedding policy commitments About This Report

21 Anti-unfair competition Article 56 Compliance Ensuring Steady and Sustainable Growth 2-26 Mechanisms for seeking advice and raising concerns A Warm Workplace: Building a Dream Home Together

95 96Appendix

GRI Standards/

Other Source Disclosure Sections

GRI Standards/

Other Source Disclosure Sections

2-27 Compliance with laws and regulations Strengthening Internal Controls as Governance Low-Carbon Pioneer Leading the Green TrendFoundation 303-3 Water withdrawal ESG Key Performance Indicator

Stakeholder engagement Low-Carbon Pioneer Leading the Green Trend

303-4 Water discharge

2-29 Approach to stakeholder engagement ESG Management ESG Key Performance Indicator

A Warm Workplace: Building a Dream Home Together Low-Carbon Pioneer Leading the Green Trend

2-30 Collective bargaining agreements 303-5 Water consumption

ESG Key Performance Indicator ESG Key Performance Indicator

GRI 305：Emissions

GRI 3：Material Topics

Low-Carbon Pioneer Leading the Green Trend

3-1 Process to determine material topics ESG Management 305-1 Direct (Scope 1) GHG emissions ESG Key Performance Indicator

3-2 List of material topics ESG Management Low-Carbon Pioneer Leading the Green Trend

305-2 Energy indirect/Scope 2 GHG emissions

3-3 Management of material topics ESG Management ESG Key Performance Indicator

Low-Carbon Pioneer Leading the Green Trend

Topic Standards 305-3 Other indirect/Scope 3 GHG emissions

ESG Key Performance Indicator

GRI 201：Economic Performance Low-Carbon Pioneer Leading the Green Trend

Financial implications and other risks and 305-4 GHG emissions intensity201-2 Low-Carbon Pioneer Leading the Green Trend ESG Key Performance Indicatoropportunities due to climate change Low-Carbon Pioneer Leading the Green Trend

Defined benefit plan obligations and other 305-5 Reduction of GHG emissions201-3 ESG Key Performance Indicatorretirement plans A Warm Workplace: Building a Dream Home Together

GRI 306：Effluents and Waste

GRI 203：Indirect Economic Impact

306-1 Waste generation and significant waste-related Health Guarantee: Safeguarding Employees' Physical impacts Low-Carbon Pioneer Leading the Green Trend203-1 Infrastructure investments and services supported and Mental Health 306-2 Actions taken to prevent waste generation Low-Carbon Pioneer Leading the Green Trend

203-2 Significant indirect economic impacts Health Guarantee: Safeguarding Employees' Physical Low-Carbon Pioneer Leading the Green Trendand Mental Health 306-3 Composition of waste generated

ESG Key Performance Indicator

GRI 205：Anti-corruption Low-Carbon Pioneer Leading the Green Trend

306-4 Recovery operations used to divert waste from

205-1 Operations assessed for risks related to corruption Compliance Ensuring Steady and Sustainable Growth disposal ESG Key Performance Indicator

Low-Carbon Pioneer Leading the Green Trend

205-2 Communication and training about anti-corruption Compliance Ensuring Steady and Sustainable Growth 306-5 Disposal operationspolicies and procedures ESG Key Performance Indicator

205-3 Confirmed incidents of corruption and actions taken Compliance Ensuring Steady and Sustainable Growth GRI 308：Supplier Environmental Assessment

GRI 206：Anti-competitive Behavior 308-1 New suppliers that were screened using Improving Supply Ecosystem for Win-win environmental criteria Collaboration

206-1 Legal actions for anti-competitive behavior anti-trust and monopoly practices Compliance Ensuring Steady and Sustainable Growth 308-2 Negative environmental impacts in the supply chain Improving Supply Ecosystem for Win-win and actions taken Collaboration

GRI 302：Energy GRI 401：Employment

Low-Carbon Pioneer Leading the Green Trend

302-1 Energy consumption within the organization 401-1 Occupational health and safety management

A Warm Workplace: Building a Dream Home Together

ESG Key Performance Indicator system ESG Key Performance Indicator

Low-Carbon Pioneer Leading the Green Trend

302-2 Energy consumption outside of the organization 401-2 Hazard identification risk assessment and incident ESG Key Performance Indicator investigation A Warm Workplace: Building a Dream Home Together

Low-Carbon Pioneer Leading the Green Trend 401-3 Guidance for Disclosure A Warm Workplace: Building a Dream Home Together

302-3 Energy intensity

ESG Key Performance Indicator GRI 403：Occupational Health and Safety

302-4 Reduction of energy consumption Low-Carbon Pioneer Leading the Green Trend

403-1 Worker training on occupational health and safety Health Guarantee: Safeguarding Employees' Physical

Reductions in energy requirements of products and and Mental Health302-5 services Low-Carbon Pioneer Leading the Green Trend

403-2 Promotion of worker health Health Guarantee: Safeguarding Employees' Physical

GRI 303：Water and Effluents and Mental Health

303-1 Interactions with water as a shared Resource Low-Carbon Pioneer Leading the Green Trend Prevention and mitigation of occupational health

403-3 and safety impacts directly linked by business Health Guarantee: Safeguarding Employees' Physical

303-2 Management of water discharge-related impacts Low-Carbon Pioneer Leading the Green Trend relationships and Mental Health

97 98Appendix

GRI Standards/

Other Source Disclosure Sections

Feedback Form

403-4 Workers covered by an occupational health and Health Guarantee: Safeguarding Employees' Physical safety management system and Mental Health

Health Guarantee: Safeguarding Employees' Physical Dear readers

403-5 Work-related injuries and Mental Health

ESG Key Performance Indicator Hello! Thank you very much for reading the Environmental Social and Governance (ESG) Report 2024 of LongShine

Technology Group Co. Ltd. We attach great importance to and look forward to hearing your feedback on the sustainable

403-6 Work-related ill health Health Guarantee: Safeguarding Employees' Physical and Mental Health development management practice and information disclosure of LongShine Group. Your opinions and suggestions are an

important basis for us to continuously promote the management and practice of sustainable development. We look forward

403-7 Occupational health and safety management Health Guarantee: Safeguarding Employees' Physical to your replysystem and Mental Health

403-8 Hazard identification risk assessment and incident Health Guarantee: Safeguarding Employees' Physical investigation and Mental Health Selective questions (Please tick √ in the corresponding position)

Health Guarantee: Safeguarding Employees' Physical

403-9 Guidance for Disclosure and Mental Health 1. Do your think this report can reflect the significant impact of LongShine Group on economy society and environment

ESG Key Performance Indicator Yes □ General □ No □

403-10 Worker participation consultation and Health Guarantee: Safeguarding Employees' Physical communication on occupational health and safety and Mental Health 2. Do you think the analysis of the stakeholders identified in this report and their relationship with LongShine Group is

GRI 404：Training and Education accurate and comprehensive

Career Growth: Enabling Professional Development

404-1 Average hours of training per year per employee Yes □ General □ No □

ESG Key Performance Indicator

Programs for upgrading employee skills and 3. Is the information provided in this report comprehensive 404-2 transition assistance programs Career Growth: Enabling Professional Development Yes □ General □ No □

404-3 Percentage of employees receiving regular performance and career development reviews Career Growth: Enabling Professional Development 4. Is the information provided in this report readable

GRI 405：Diversity and Equal Opportunity Yes □ General □ No □

405-1 Diversity of governance bodies and employees Strengthening Internal Controls as Governance Foundation

GRI 413：Local Communities Open Questions

Public Welfare Strategic Layout

Operations with local community engagement Life Care You are welcome to leave other comments and suggestions on the Environmental Social and Governance (ESG) Report 2024 413-1 impact assessments and development programs of LongShine Technology Group Co. Ltd. Rural Revitalization

Support for Vulnerable Groups

GRI 414：Supplier Social Assessment

414-1 New suppliers that were screened using social Improving Supply Ecosystem for Win-win criteria Collaboration

414-2 Negative social impacts in the supply chain and Improving Supply Ecosystem for Win-win actions taken Collaboration

GRI 416：Customer Health and Safety

Assessment of the health and safety impacts of Commitment to Excellence Building a Trusted Brand416-1 product and service categories Putting Customers and Services at the Center Your contact information

416-2 Incidents of non-compliance concerning the health and safety impacts of products and services Commitment to Excellence Building a Trusted Brand

GRI 418：Customer Privacy

418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data Safeguarding Information and Data Security

99100