B Sunshine Global Circuits Co. Ltd | 2023 Annually ESG Report 1
Sunshine Global Circuits Co.Ltd.2024 Annually
Environmental Social &
Governance Report2 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 3
Global Presence Local Service
About this report
Reporting Boundary Referring description
This report is published by Sunshine Global Circuits Co. LTD. The information and data in the report mainly cover the company's For the convenience of expression and reading Sunshine Global Circuits Co. Ltd. is referred to as ‘the SGC’ or ‘Company’
environmental social and corporate governance related practices during the period from January 1 2024 to December 31 2024. Based or‘We/us’ . The copyright of this report belongs to Sunshine Global Circuits Co. Ltd.on the continuity and comparison of the reports some data and information are not limited in 2024.Publishmode
Reporting Principle The report is released annually and is available for browsing or download on the company's official website
This report refers to the GRI standard the ISO 26000:2010 Guidance on social responsibility standard the United Nations (https://www.sunshinepcbgroup.com/). For any questions or suggestions about the report's content feel free to contact us.Sustainable Development Goals (SDGs) and the Self-Regulatory Guidelines for Listed Companies issued by the Shenzhen Stock Email address：esg@sunshinepcb.com
Exchange No. 17 - Sustainability Report (trial) requirements are prepared. Phone number1:+86 (0) 755-2724-3597
Phone number2:+86 (0) 755-2724-3968
Fax:+86 (0) 755-2724-3609
Report Content
In preparing the report contents the company adheres to the criticality integrity and responsiveness principles of the GRI
standard. The report covers three main aspects: Organizational Governance and Society & Environment. It focuses on the
company's responsibility in ESG governance product responsibility environmental responsibility and employee responsibility. The data
and information for this report are collected following the company's existing workflow.4 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 5
Catalogue
Message from Management 06 02 Organizational Governance: 04 Environmental-friendly 06 Transparent Procurement
Foundation of Growth Leading Green & Intelligent Fulfilling Social
Company Culture 07
Manufacturing Responsibilities
2024 ESG Performance Information 08 2.1 ESG Governance Structure 24
2.2 Business Ethics 26 4.1 Hazardous Substances Control 46 6.1 Responsible Procurement 72
2.3 Risk Management and Internal Control 28 4.2 Building a Green Enterprise 48 6.2 Charitable and Public Welfare Activities 74
2.4 ESG Key Issues 29 4.3 Clean Production Management 50
4.4 Responding to Climate Change 51
3 Product Innovation 5 People-oriented Supporting Reader Feedback 7601 SGC Overview
Empowers a Connected World Employee Development
1.1 Global Operations Overview 12
3.1 R&D and Innovation 34
1.2 Milestones 16 5.1 Our Employee 56
3.1 Quality Management 37
1.3 Economic Performance Metrics 18 5.2 Employee Rights Protection 57
3.1 Quality Control and Test 40
1.4 Awards and Recognitions 19 5.3 Occupational Health and Safety 59
3.1 Enhancing Customer Satisfaction 42
5.4 Training and Development 66
5.5 Employee Care 687
Comp企an业y文Cu化lture
Vision
Message From Duty使命 愿景
Innovation Drives a Smart- Becoming the Global Leader in
Management Connected World 成G为re全en球 an高d 精Int电ell子ige电nt路 M绿an色uf智act造uring 创D新ua赋l C能a智rbo联n 世Po界licy Builds of High-Precision Electronic Circuits
双a碳 B构et建ter美Li好fe生活 领航者
Dear Partners Investors and Stakeholders: 核K心ey价va值lu观e 战S略trategy
During the critical period when the global economic landscape is undergoing deep adjustments and industrial changes are accelerating Ming Yang
Circuit has always regarded sustainable development as the core driver of strategic transformation. We are fully aware that as a global leader in electronic 客C户us导to向me，r-O高ri效en协ted同 Efficient 创I新nn驱ov动ati的on 国Br际in化gs 专the精 L市ea场dinginterconnection solutions we have a special mission to combat climate change promote inclusive growth and build a credible governance system. We are Collaboration Position in Global Specialty
systematically building a green management system covering the entire life cycle of our products and deeply integrating climate science into operational 专P业ro专fes注sio，na共l a创nd共 D享edicated Co- 领M先arketdecisions. By continuously optimizing the energy structure and promoting the large-scale application of renewable energy we plan to reduce energy Creation and Sharing
consumption by 20% and increase the use of renewable energy to 30% at our production bases within two years. In the field of material innovation we are
committed to reshaping the environmentally friendly supply chain of the electronics industry and we plan to introduce five new types of biodegradable and
recyclable environmentally friendly materials in the next two years setting a new benchmark for the industry. Intelligent transformation of the production base
has significantly improved the efficiency of resource utilization laying a solid foundation for the benign interaction between industry and ecology. Second
talent capital: empowering future multiculturalism Talent capital is always the core element of our value creation. We have established a competency
development system that runs through the career cycle of our employees and continue to unleash the potential of talents through customized training programs.Over the past year we have provided more than 90 training programs for our employees with an average training time of more than 9 hours per employee. In
building a culture of diversity and inclusion we have established multi-level career development paths and systematically eliminated barriers to equality in the
workplace. Relying on our global operation network we will continue to carry out scientific and technological education initiatives to help cultivate a future-
oriented industrial talent pipeline. Corporate Governance: Continuous Alignment with International StandardsCorporate governance continues to advance
toward international best practices. The special committee set up by the Board of Directors has realized dynamic monitoring of ESG risks and built a liability
management system covering the entire supply chain. Through digital tools we have transformed our ethical sourcing standards into an enforceable supplier
assessment mechanism and we plan to conduct an initial assessment of the environmental and social responsibility of all our suppliers within two years to
ensure that our business partners work with us on the path to sustainable development. Continuous upgrading of information security and data governance
capabilities has further strengthened the foundation of trust in the customer ecosystem with the incidence rate of data leakage falling to less than 1%. Win-Win
Cooperation: Creating a Sustainable Future Together We firmly believe that true business leadership is embodied in positive responses to major global
challenges. Ming Yang Circuit is willing to build a sustainable value network with all partners to shape a more resilient future for the electronics industry
through technology synergy standardization and ecological empowerment. We look forward to working with you to develop in-depth cooperation in the
following areas: 1. Green Supply Chain Innovation: We will jointly explore more application scenarios for environmentally friendly materials to promote the
green transformation of the industry. 2. Talent Cultivation Program: We will jointly carry out scientific and technological education initiatives for the benefit of
the industry and cultivate more high-caliber talents for the industry. 3. Data Sharing and Governance: We will share ESG data through the digitized platform to
enhance the transparency of the supply chain and the synergy of efficiency. Let's use innovation as the pen and responsibility as the ink to write a new chapter of
human commercial civilization. Thank you for your vision and trust and we look forward to working with you to create long-term value that transcends borders
and cycles.董事长：8 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 9
Performance indicator 2024
2024 ESG Performance Data First Time Yield（%） 89.87%
Government incentives and support funds（10k RMB/Year） 675.25
Water Consumption (T/Year) 1163335.00
Economic Information Wastewater Discharge (T/Year) 779104
Total electricity consumption (KWH/Year)
34.56 82.54 15.59 133964972Natural Gas (KWH/Year) 1276498Total Assets (Billion RMB） Annual Product Volume(10k m2/ Year) Sales Revenue (Billion RMB/Year） Diesel (KG/Year) 74661.1
Solid waste discharge (KWH/Year) 24374.19
1940.84 7633.84 94 Gasoline (KG/Year) 21196.23
） Material Batch Qualification Rate (%)Tax (10K RMB/Year R&D Investment (10k RMB/Year) Number of training courses 99.98%
FQA Sampling Set Pass Rate（%） 99.14%
R&D Investment (10k RMB/Year) 7633.84
2637 0 3188.96 Number of R&D group member 280
Environmental protection Product Harmful Substance Scope 1 Emission (TCO2-e/Year) Female Middle-to-Senior Management Ratio（%）
investment (10k RMB / Year) Complaints (PCS/Year)
8.82%
Frontline Employee Average Wage Ratio to Local Minimum Basic Wage 3.81:1
Average employee satisfaction（%）
32 100% 89%87588.80 Gender Pay Ratio for Same Positions（%） 1:1
Patents Granted Wastewater Treatment
Scope 2 Emission (TCO -e/Year) Labor contract signing rate（%）
Compliance Rate (%) 2 100%
Employee Health Examination Rate（%） 100%
Work-Related Deaths (person/Year) 0
100% 3.51% 90777.73 Occupational Disease Diagnoses (Times/Year) 0
Emission Monitoring Staff turnover rate （%） Safety Training Course (H/Person/Year)Scope 1&2 Total Emission 15.3
Compliance Rate (%) (TCO2-e/ Year) Employee Annually Training (H/Year) 59151.64
Employee Training Cost (10k RMB/Year) 35.24
15386.16 Average Employee Training Time (H/Person/Year)11% 824 23.89Number of New Supplier Certification Audits 13
Employee Average Compensation Safety Investment (10k RMB/Year) Recovery of the amount of Annual Supplier SER Audit
Growth Rate (%) recyclable waste (Ton/ Year) 5610 Organizational Governance: Product Innovation Empowers a Environmental-friendly Leading People-oriented Supporting Transparent Procurement FulfillingSunshine Global Circuits Co. Ltd | 2023 Annually ESG Report SGC Overview Foundation of Growth Connected World Green & Intelligent Manufacturing Employee Development Social Responsibilities 11
01SGC OverviewSGC is a professional PCB manufacturer equipedwith powerful R&D capability and professional product line. Following the mission of“Innovation Drives a Smart- Connected World Dual Carbon Policy Builds a Better Life” we are dedicated to becoming the global leader in environmental-friendly and intelligent manufacturing of high-precision printed circuited board.
1. Global Operations Overview 12
2. Milestones 16
3. Economic Performance Metrics 17
4. Awards and Recognitions 1812 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 13
1.1 Global Operations Overview Sunshine Shenzhen
SGC headquarters is located in Shenzhen known as the "Silicon
Valley of China" with a registered capital of 299 million RMB. It boasts a
20000-square-meter facility and approximately 1000 experienced
SGC was established in July 2001 and is headquartered in Xinqiao Street Bao ‘an District Shenzhen. On February 1 employees. With a strong technical foundation SGC focuses on the
2018 it was listed on the Shenzhen Stock Exchange (stock abbreviation: 明阳电路 stock code: 300739). After more than incubation and development of quick-turn boards ATE products and
twenty years of development SGC has six major production bases and sales entities under its umbrella: Shenzhen SGC complex high-layer-count products.Jiujiang SGC Germany SGC Malaysia SGC Hong Kong SGC and the United States SGC. Its business scope covers Sunshine Shenzhen
multiple countries and regions worldwide.For many years the company has been dedicated to the research development production and sales of high-end circuit
boards. Based on the strategic positioning of "innovation-driven international market leadership in specialized areas" the Sunshine Jiujiang
company continuously increases its investment in research and development and technology. Its products include multilayer Jiujiang SGC was established in July 2011 and is located in the Jiangxi
boards HDI boards high-speed boards rigid-flex boards flexible boards thick copper boards high-frequency boards ATE Jiujiang High-Tech Development Zone. With a registered capital of 1.273
boards and Mini LED boards. Leveraging the differentiated layout of each production base the company can meet billion RMB it covers an area of 130000 square meters. The company has
customers' diverse needs from samples to small and medium batches. Its products are widely used in AI servers automotive the capability to mass-produce 2 to 40-layer PCBs and offers specialized
electronics medical devices energy power electronic communications and industrial control among other fields. product lines for high-speed rigid-flex thick copper high-frequency and
Mini LED markets.Sunshine Jiujiang
Sunshine German
In 2013 Sunshine PCB GmbH was established in Remscheid near
Düsseldorf Germany. The company originated from the RINDE factory which
was founded in 1966 and has a history of producing high-tech products
including 12-18 layer PCBs and high-density PCBs. Under the strategy of
"Close to Customers Real-Time Support" Sunshine PCB GmbH provides
localized and customized services to customers in the European region. Sunshine German
Sunshine Malaysia
In July 2023 Sunshine PCB (Penang) Sdn. Bhd. was established in
Malaysia. The company originated from the Vision factory located in
Penang Malaysia. After SGC acquired Vision a series of intelligent upgrades
and expansions were carried out increasing the monthly production
capacity to 7000 square meters. The processing capability now covers 2-12
layer PCBs. Currently a new second-phase factory with a construction area of Sunshine Malaysia
135000 square meters is being planned. The company aims to become a
leading manufacturer of rigid RF and microwave PCBs in Southeast Asia
laying a solid foundation for SGC to expand its international market.14 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 15
■ Product and Service
■ Industrial layout
In the context of continuously evolving customer demands and increasingly intense differentiated competition
SGC has proposed an innovation-driven international market leadership strategy. This strategy focuses on the
research production and manufacturing of specialized products such as high-speed rigid-flex thick copper high-
frequency ATE and Mini
LED. These products are widely used in AI servers automotive electronics medical devices energy and
power electronic communications and industrial control fields. Adhering to the business philosophy of "global
layout local service" the company continuously expands its overseas production and sales bases providing high-
quality and efficient services to customers in countries across Asia Europe and the Americas.Electronic Medical Energy & Automotive Aerospace Industrial Low
Communi- Devices Power Electronics Controls Altitude
cations Economy
High Heavy Copper
frequency
power amplifier （wFEM） Block converter （BUC）
In the future we will strengthen our foundational and product research and development to enhance product technical
competitiveness and increase the proportion of sales of mid-to-high-end PCBs. Additionally we will adapt to the evolving
market demands by intensifying efforts in international market expansion aiming to increase the company's global market
share.Optical Backplane
Module16 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 17
2023-
1.2 Milestones 2024
2021- * Acquired Malaysian PCB company
SGC's development over the past 20 years Vision2022 SGC passed ISO27001 certification Jiujiang SGCpassed ISO9001 quality
has been filled with opportunities and challenges. system certification renewal
* Jiujiang SGC's monthly production Jiujiang SGCpassed ISO50001 energy
Through continuous innovation and perseverance the management system2019- capacity expanded to 100000 square meters
company has demonstrated its profound foundation 2020 * Jiujiang SGC's professional productionline went into operation
and outstanding strength in the electronics circuit * Jiujiang SGC achieved Customs AEO
2018 Advanced Certified Enterprisestatus* Shenzhen SGC's IC substrate * Shenzhen SGC achieved Customs AEO
professional production line
Advanced Certified Enterprisestatus
successfully went into operation
2016- * Listed on the Shenzhen Stock * Established ATE professional production* Shenzhen SGC successfullyExchange with the stock code lineintroduced photomask products
2017 300739 * Jiujiang SGC's national-level* Shenzhen SGC established an laboratory construction was
2014- Environmental-friendly completed* Served as an executive director unit Manufacturing Center * Jiujiang SGC's soft and hard
of industry associations
2015 combination board production line CPCA GPCA and SPCA expanded to a monthly capacity of
* Awarded the title of "Outstanding
10000 square meters
2010- * J iu j iang SGC succe ssfull Supplier" by internationally * Comprehensive upgrade of the SAP y reached production renowned companies (BMK enterprise management system and
2013 capacity and was awarded ENICS Flex)2002- full implementation of international the title of "National High- * Jiujiang SGC expanded monthly human resource management
Tech Enterprise" production capacity to 40000
2008 * Established a sales subsidiary in solutions* Jiujiang SGC obtained ISO square meters and successfully l atheUSA
9001 ISO/TS 16949 and u n c h e d t h e s p e c i a l i ze d
* Established a sales subsidiary in
ISO 14001 certifications production line for rigid-flex
* The completion of the upgrade of Germany
* Shenzhen SGC obtained boards
the company's management * Acquired a factory in Remscheid
Germany and obtained ISO ISO/ TS 14067 ca r bon f2001 system obtai ni ng I SO 9001 ootpr int verificationISO/TS16949 and ISO14001 13485 certification. Awarded the
certifications. titles of "Green Environmental
* SGC Shenzhen * Awarded the title of "Shenzhen Protection Advanced Enterprise
Headquarters Established High-Tech Enterprise" in the Circuit Board Industry" and
* Awarded the title of "National "Shenzhen Pengcheng Waste
High-Tech Enterprise" Reduction Advanced Enterprise"
* Successfully transformed into a * Achieved international business
multi-variety small-batch high- transformation
tech enterprise and initiated
international import and export
trade18 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 19
1.4 Awards and Recognitions
Over the years SGC has garnered numerous honors and accolades driving us to maintain our spirit of innovation and
craftsmanship. We relentlessly enhance product quality and service standards contributing significantly to the advancement of
the electronics information industry.
1.3 Economic performance data Order Date Award Title Award Unit
1 2025 Feb. 2024 Employers of Excellence Shenzhen Baoan District Xinqiao Street CPC Working Committee and Office
In recent years the global PCB market scale shows a fluctuating upward trend the printed circuit board industry
2 2024 Nov. 2024 Jiangxi Province Intelligent Manufacturing Jiangxi Provincial Department of Industry and Information
benefited from the development of 5G cloud computing Internet of Things and other emerging technologies the global market Benchmarking Enterprise Title Technology
to maintain stable growth. However the strong expansion of the industry in the past few years PCB competition has intensified 3 2024 Nov. 2024 Outstanding Green Manufacturing and
Shenzhen Environmental Protection Industry Association
Environmental Protection Company Shenzhen Printed Circuit Board Industry Association Guangdong
the release of the newly expanded production capacity of enterprises has been affected and the production capacity may take a Printed Circuit Board Industry Association
4 2024 Oct. 2024 Partner of the Year Award Shenzhen Chau Ming Technology Co.
longer time to be digested and is now facing a key point of industry reshuffle. 5 2024 Sep. National Model Workers' Home All-China Federation of Trade Unions (ACFTU)
After more than 20 years of accumulation Ming Yang Circuit has accumulated a solid international customer base. In
6 2024 Jun. Rural revitalization helps development sincere help Shenzhen Baoan District Industry and Information Technology
the face of the complex and volatile international environment as well as the key point of industry reshuffle and change warms people's hearts Bureau
7 2023 Dec. Specialized specialized and new SMEs Shenzhen Small and Medium Enterprises Service Bureau
Sunshine Circuit makes full use of the advantages of internationalization takes the lead in transforming and upgrading the top
8 2023 Nov. National High-tech Enterprise Certificate Jiangxi Provincial Department of Science and Technology etc.
management structure to the EMT mode and carries out optimization and innovation and based on the deep understanding of
9 2023 Oct. High-tech enterprises Shenzhen Science and Technology Innovation Commission
digitization and intelligence actively promotes the intelligent construction of the production process and supply chain and
10 2023 Sep. 2024 Management Innovation Demonstration Jiangxi Provincial Department of Industry and Information
actively responds to the challenges in the industry. At the same time based on a deep understanding of digitization and Enterprise in Jiangxi Province Technology
intelligence the company is actively promoting the intelligent construction of production process and supply chain actively 11 2023 Jun. 2022 Shenzhen Green Enterprises Shenzhen Green Life Creation Action Steering Committee Office
2022 Annual Science and Technology Innovation Jiujiang Economic and Technological Development Zone
responding to market challenges and seeking long-term development. 12 2023 Feb. Award Management Committee of the Communist Party of China etc.During 2024 the company will realize sales revenue of 15.59 billion yuan and invest a total of 76.3384 million yuan in 13 2023 Feb. 2022 Top Ten Industrial Enterprises of the Year CPC Jiujiang Economic and Technological Development Zone etc.research and development. In the future Sunshine Circuit will continue to adhere to its internationalization and specialized 14 2023 Feb. 2022 Jiujiang Outstanding Industrial Enterprises People's Government of Jiujiang
15 2022 Dec. Excellent Scene of State-level Intelligent First Department of Equipment Industry Ministry of Industry and market positioning drive sustainable growth with innovation grasp the opportunities of PCB market development and realize Manufacturing Demonstration Factory Information Technology
its leading position in the industry. 16 2022 Jul. Jiangxi Provincial Manufacturing Industry Pilot Jiangxi Province Industrial Strength Construction Leading Group Cultivation Enterprises Office
17 2022 Jul. 2021 Outstanding Enterprise in Green Manufacturing and Environmental Protection Shenzhen Environmental Protection Industry Association GPCA
Term 2024 18 2022 Municipal Workers' Pioneer Jiujiang City Federation of Trade Unions
Total Assets (billion) 34.56 19 2022 Provincial Workers' Pioneer Jiangxi Provincial Federation of Trade UnionsAnnual Product Volume(10k m2） 82.54
20 2022 April Jiujiang Civilized Unit CPC Jiujiang Municipal Committee Jiujiang Municipal People's
Sales Revenue (billion) 15.59 Government
CPC Chengxi Port Authority Committee and Jiujiang Chengxi Port
Total Tax (10k) 1940.84 21 2022 Feb. 2021 Corporate Excellence Award Authority
R&D Investment（10k） 7633.84
Government Incentives & Support 675.25
Funds (10k)20 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 21
2024 “Excellent Employer” Trophy
Shenzhen Ming Yang Green Rural revitalization helps China Electronic Circuit Jiangxi famous 2024 Partner of the Year Award
Excellent Enterprise Certificate development sincere help Excellent National Enterprisewarms people's hearts brand products 2024 from Shenzhen Chau Ming certificate Technology Co.02Organizational Governance: Foundation of Growth
SGC adheres to the principles of integrity honesty and compliance with laws and
regulations; and establishes and implements ESG governance to achieve sustainable
development for the company.Peace Partnerships
justice to achieve
and strong goals
institution
s
1. ESG governance structure 22
2. The principles of businessethics 23
3. Enterprise risk management 24
4. ESG Key Issues 2524 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 25
2.1 ESG Governance Structure
To ensure compliance and transparency in company operations SGC continuously improves its governance structure which consists of
the General Meeting of Shareholders the Board of Directors the Board of Supervisors and the EMT. In accordance with modern corporate
governance requirements functional departments are established with clear and reasonable business processes and well-defined responsibilities.This forms a governance structure where power institutions decision-making bodies supervisory agencies and the executive management layer
each perform their duties effectively balance power and coordinate with each other.The General Meeting of Shareholders is the company's power institution providing shareholders with a crucial means to exercise their
legal rights. The company treats all shareholders equally ensuring their right to be informed to participate and to vote on significant company
matters. The procedures for notification convening holding and voting at the General Meeting of Shareholders are regulated and lawyers are
invited to attend the meetings to provide legal opinions.The Board of Directors executes the resolutions of the General Meeting of Shareholders in accordance with the law and is accountable to
it. When forming the Board the company fully considers factors of diversity and independence actively promoting the independent director
system. Independent directors play a role in enhancing the rationality standardization and scientific nature of company decisions.The Board of Supervisors entrusted by the General Meeting of Shareholders supervises the company's operations and management. It
oversees the compliance of the company's finances and the duties performed by directors and senior management. The Board of Directors has
established the Strategy Committee the Audit Committee the Nomination Committee and the Remuneration and Assessment Committee. These ESG Governance structure
committees work collaboratively and provide effective oversight to ensure the company's stable operation.26 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 27
2.2 Business Ethics Principles
The company adheres to the business ethics of integrity and law-abiding. In order to ensure a fair and equitable business Anti-Corruption
environment the Company has established and perfected an anti-corruption management mechanism to safeguard the sustainable SGC has established the "Anti-Corruption Operations Manual" which must be strictly followed by all employees
development of the Company. 2024 led by the Internal Audit Department the Company formally launched an anti-corruption suppliers service providers and contractors. This manual enhances the anti-corruption framework by focusing on the
policy. It has zero tolerance for all corrupt behaviors or potential corrupt behaviors of the parent company and its business entities. supervision of high-risk areas and key positions susceptible to corruption. By enforcing these measures SGC ensures a
transparent ethical and corruption-free business environment.Specific initiatives are as follows: 1. Integrity Agreement: For all employees the company requires that they read and sign the
integrity agreement when they join the company. Familiarize yourself with the company's anti-corruption content and firmly fulfillthe relevant obligations in the course of work.For all suppliers service providers and contractors etc. need to sign the “Strategic Integrity Commitment AgreementPartners Sunshine Procurement Commitment” will be regularly risk identification of suppliers and rating. Therefore the company
will monitor all suppliers service providers and contractors in a more targeted manner.2. Reporting Mechanism The company has a All new employees must sign the "Integrity Agreement" upon joining SGC. Strategic partners including
suppliers service providers and contractors are required to sign the "Sunshine Procurement Commitment for Strategic
special reporting channel and discloses the reporting mailbox and telephone number on the website. The company has also set up an
Partners." These agreements ensure that all parties act lawfully maintain integrity and resist any form of commercial
audit team to verify the contents of the reports.Through these initiatives the company hopes to achieve: transparent operation; corruption.compliant operation; and a culture of integrity.In 2024 the company will not have any confirmed incidents of corruption and related
reports and will not have any complaints or lawsuits caused by corruption and bribery.3. Formulation of standardized documents on Compliance Awareness Training
gift-giving The company has newly formulated documents on gift-giving and reception-related procedures. The company has newly To further maintain an atmosphere of integrity and transparency and to enhance employees' awareness of legal
formulated documents on gift-giving and reception-related procedures which stipulate the specifications and frequency of gift- compliance SGC conducts compliance training through various channels. These include new employee orientation
giving as well as the company's reception process. To prevent and eliminate the occurrence of corrupt behavior from the root. distribution of employee handbooks and annual training programs. These initiatives aim to improve employees'
Customer reception operation guidebook customer reception standardization pattern. It facilitates the work and the prevention of understanding of compliance ensuring they adhere to laws and regulations and uphold the highest standards of ethical
conduct.corruption.For suppliers service providers and contractors the company has a risk identification and evaluation form. Regularly
assess the corruption risk level of the corresponding suppliers service providers and contractors. The business behavior of suppliers Oversight and Accountability
service providers and contractors etc. is monitored for corruption according to the level.SGC has established an Anti-Corruption Supervision and Management Team including members from the Supervisory
Board and the Internal Audit Department. This team monitors compliance with integrity agreements and anti-corruption policies.The Internal Audit Department focuses on detecting fraudulent activities and unethical behavior.Employees violating the integrity agreement face strict accountability measures. Suppliers breaching the
"Sunshine Procurement Commitment for Strategic Partners" will have their qualifications revoked. Any commercial
bribery actions are referred to judicial authorities for prosecution. This ensures the maintenance of ethical standards and
fairness in business operations.Reporting Channels
Compliance SGC has established the "Anti-Fraud and Reporting System" to encourage employees and business partners to
Management report corrupt activities. Reports can be submitted via the publicly available email or hotline. The company advocates for
System real-name reporting ensuring that whistleblowers are protected during the investigation process. Any form of
discrimination or retaliation against whistleblowers is strictly prohibited.Reporting Email: internalaudit@sunshinepcb.com Reporting Hotline: 0755-27243927
Implementing
Supervision
Monitoring and
Accountability28 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 29
2.3 Risk Management and Internal Control 2.4 ESG Key Issues
SGC places great emphasis on managing risks throughout its operations establishing a three-line defense system for risk control. First To promptly obtain and respond to stakeholder needs the company based on the requirements of "ISO26000:2010 Guidance on Social
Line of Defense: Core frontline business departments which bear the primary responsibility for risk management. Second Line of Defense: Responsibility" and the "GRI Standards" has identified stakeholder requirements and expectations as well as ESG issues. The company
Regulatory departments including Legal Quality Safety Finance and Human Resources which support the frontline departments through employs the "matrix evaluation method" to assess ESG key issues from two dimensions: "the degree of impact on corporate sustainability" and
audits inspections and assessments to assist in risk control. Third Line of Defense: Internal oversight departments such as Internal Audit and "the degree of stakeholder concern about ESG issues." The company aims to address stakeholder needs and expectations through
the Audit Committee which identify risks and issues through supervision and inspections continuously improving the company's risk communication and engagement effectively control ESG risks and achieve its strategic development goals.management and internal control systems. In 2023 SGC's risk control measures were effective with no incidents of legal or regulatory
violations.Interested Parties Identification (ESG Evaluation (Double Determination of
Join Risks Parties Materiality Expert Key Issues
Range BackgroundCriteria Communication Concerns) Opinions)
Risk Estimate
Risk Identification
Risk analysis SGC
Risk assessment
Risk response Supervisory Authority Clients
Record and Report
Community & NGO Suppliers
Comprehensive Enterprise Risk ManagementSystem
SGC in accordance with the "Basic Norms for Corporate Internal Control" and other relevant laws and regulations has established a
comprehensive internal control system that is effectively implemented. The Internal Audit Department conducts special audits on key matters
Environment
such as internal control operations financial income and expenditure placement and use of raised funds and related transactions in accordance Employee
with the "Internal Audit System." This ensures the company's operations and management are legal and compliant assets are secure and
financial reports and related information are truthful and complete.We also conduct internal control self-evaluation work according to the "Basic Norms for Corporate Internal Control" and relevant
regulations issuing internal self-evaluation reports. Additionally the company engages external accounting firms to independently audit the Competitor Investor
effectiveness of the internal control system. In 2023 there were no major or significant deficiencies in internal control related to financial and
non-financial reports. The internal control system operated effectively maintaining effective internal control in all major aspects.Supervision and Examine
Communication and
consultation30 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 31
Interested Party Focus and Reply03Product Innovation Empowers a Connected World
Product quality is the lifeblood of the enterprise and the key to
sustainable development. The company drives economic growth through
technological innovation and enhances customer satisfaction through meticulous
manufacturing. We are committed to becoming a global leader in high-precision
electronic circuit green manufacturing.
1. R&D and Innovation 30
2. Quality Management 33
3. Quality Control and Test 35
4. Enhancing Customer Satisfaction 3734 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 35
3.1 R&D and Innovation
Company R&D and Technological Innovation Performance Data 2024
Scientific and technological innovation is the source power enterprises to realize high-quality development. The company has
Index Datainvested in the establishment of a technology center adhering to the mission of “leading the company's innovative technologydevelopment supporting the company's technological core competitiveness and continuously obtaining new profit growth points” and Index
R&D Investment (10k RMB/Year) 7633.84
the core values of “customer orientation open innovation and efficient collaboration”. We are committed to becoming an industry-
Number of R&D Personnel 280
leading R&D and innovation organization for electronic circuits.The company has set up an R&D center and invested a large
amount of R&D funds every year to purchase advanced R&D instruments and equipments develop new products and new Patents Granted 32
processes and improve product quality. According to statistics in 2024 a total of 76338400 RMB was invested in research and
development providing sufficient resources for the success of product development and technological innovation projects.■ Excellent R&D Team
Dr. Bei Chen is the Director of Technology Center of Ming Yang Circuit and the General Manager of Huaxin Microtesting Technology Co. Ltd. and a
member of CPCA Science and Technology Committee and Standards Committee. She has served as process manager technical director director of technology
center and director of test center of a listed company. Since 2011 she has led the company's PCB technology R&D PCB product R&D and PCB
product reliability research and has led the technological research and industrialization of a number of high-end technological products such as rigid-flex SGC technical center has been awarded the title of In 2023 Shenzhen SGC was awarded the honorary title of
boards high-density interconnect (HDI) tellurium high-frequency boards high-speed optical modules IC test boards etc. She has established a test center and "Guangdong Province 5G High-Density Interconnection "Specialized Special and New Small and Medium-sized
passed the CNAS certification. He has prepared to build a test center and passed CNAS certification and established joint labs in China Railway Group AVIC (HDI) Printed Circuit Board Engineering Technology Enterprises
Research Center".
613 and Aerospace 512 to jointly promote and study the relationship between the service life of PCBs and other electronic products in the field of rail
transportation in the field of aviation and aerospace and the involved and process. In Ming Yang he leads a team of professional R&D engineers to
continuously improve the current production process and promote the development of advanced technology.At present the company has 280 R&D
personnel and achieves the transformation of more than 6 scientific and technological achievements on average every year. In 2018 the company's technology
center was awarded the “Guangdong Province 5G High Density Interconnection HDI Line Board Engineering Technology Research Center” and in 2023
Shenzhen Sunshine and Jiujiang Sunshine were respectively awarded the " In 2023 Shenzhen Sunshine and Jiujiang Sunshine were respectively awarded the
title of “Specialized Specialized and New Small and Medium-sized Enterprises” and the honorary title of “Jiangxi Province Innovation Management ModelEnterprise”.In 2023 Jiujang SGC was awarded the honorary title of "Jiangxi
Province Management Innovation Demonstration Enterprise".■ Technological Innovation Management
To improve the standardized management of technological innovation and new product development the Technology
Center has established a series of R&D project management procedures including the "R&D Project Operation Management
Process" "SGC Process Capability Management Specification" "Material Selection and Usage Work Instructions" "New
Material Certification Work Instructions" and "R&D Board Order Operation Process Specification." These procedures control the
critical processes of design and development to ensure that the quality of new products and technologies meets customer
requirements relevant laws and regulations international standards and industry standards. While actively conducting
independent R&D We also engage in extensive industry-university-research collaborations with enterprises universities and
research institutes. On one hand it fully leverages the disciplinary advantages of universities in manufacturing equipment
automation electronic information advanced materials and light industry chemicals to assist in solving challenges
A working scene in a sterile laboratory encountered in the production process. On the other hand the company continuously recruits high-quality talent and
establishes industry-university-research partnerships with renowned institutions to jointly conduct research projects.36 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 37
■ Product R&D Achievements
3.2 Quality Management Policy
Application Fields and
Product Product TechnicalParameters Picture Their
Functions
■ Management Policy
Layers: 8 Material: Applications in automotive
Ro3003G2+S1000-2m Board electronics.Smart car 77G Improvement of millimeter- Quality First Lean Production Continuous Innovation Reach Customers Requirements
millimeter wave radar Thickness: 1.4mm Line Width Line Spacing: 0.1/0.12mm wave radar antenna gain circuit board Minimum Hole Diameter: and suppression of
0.2mm Surface Treatment: OSP frequency drift to form narrow beams.， Quality First
Through education and quality activities Lean Production
Layers: 8 Material: improve the quality system so that all employees Through continuous improvement and
innovation in software hardware and system
Multilayer high- Ro4350+TU862 Board establish the concept of excellent quality
frequency and high- Thickness: 3.219±0.322mm Applied in industrial management focus on work quality reduce methodologies we consistently enhance our
speed printed circuit Line Width Line Spacing: control field.boards with embedded 0.2mm/0.5mm Minimum Hole Improve product heat
scrap and eliminate rework. Establish a good technical capabilities reduce production process
corporate reputation while firmly opposing any
copper blocks Diameter: 0.2mm Surface Finish: dissipation performance. deviations and maintain the company's vitalityImmersion Gold form of bribery and corruption to protect the and drive.company's interests and promote fair trade.Layers: 6 Material: Used in communication HF antenna Kappa438+vt47 Line width and equipment related fields. Continuous Innovation Reach Customers Requirementsmultilayers can be
embedded in liquid pitch: 0.15mm/0.15mm
Reduce the overall
Minimum hole diameter: 0.5mm electronic products external
Through continuous improvement and While meeting customer needs for product
type printed circuit Surface treatment: Immersion container generated by the innovation in software hardware and system
quality delivery and service we provide
boards gold frequency loss reduce product production costs. methodologies we consistently enhance
proactive and professional advice to improve
technical capabilities reduce production product design and specialized services. This
process deviations and keep the company approach helps our customers achieve
Layers: 16 Material: TU865 Apply to automotive dynamic and motivated. significant breakthroughs and advancements in
High Copper Board Thickness: 8.4±0.67mm electronics communication product performance and cost efficiency
Thickness Semi- Inner Copper Thickness: 6/6oz equipment industrial
Plugged Power Circuit Minimum Hole Diameter: control and other fields.Boards 1.1mm Surface Finish: Improve product stability
Immersion Gold safety and service life.■ Quality Management Performance
Layers: 14 Material: R04003C Apply to industrial control
Board Thickness: 3.3 0.33mm communication equipment ± The company has established a comprehensive quality management system in accordance with international standards such as
buried resistor printed Line Width Line Spacing: and other fields. ISO9001 IATF16949 AS9100 ISO13485 QC080000 etc. and has passed UL CQC and other product safety certifications. The
circuit board 0.1mm/0.1mm Minimum Hole Improve the electrical
Diameter: 0.2mm Surface Finish: performance of products company has been selected as one of the top 100 PCB enterprises in China by China Electronic Circuit Industry Association (CPCA) forImmersion Nickel Gold and the stability of signal transmission. many years. In 2013-2021 the company was ranked 64th 61st 59th 54th 47th 48th 45th 45th 42nd in the “China Electronic CircuitIndustry Ranking” by China Electronic Circuit Industry Association (CPCA). The Company was ranked 40th among the Top 100Layers: 14 Material: R-5795(u) Used in communication Comprehensive PCB Enterprises and 23rd among the Top 100 Domestic PCB Enterprises in the “23rd (2023) China Electronic CircuitBoard thickness: 2.3±0.23mm equipment industrial Industry Major Enterprises' Revenue List” jointly published by CPCA and China Electronic Information Industry Federation (CITIF) in
High-end high-speed Line width line spacing: control and other fields.0.18mm/0.17mm Minimum hole Beneficial to the thinning 2024.circuit boards diameter: 0.15mm Surface miniaturization and
treatment: Immersion nickel densification of products as
palladium gold well as cost reduction.38 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 39
The company has a group of senior management personnel with rich experience in the production of rigid and flexible
boards. Based on the international quality standards the company carries out comprehensive quality management of
products from product quality planning management process operation standard promoting the decomposition of various
quality objectives to the departments and positions and carrying out the statistics analysis and improvement of the quality
objectives on a monthly basis. According to statistics in 2024 the company's FTY one-time pass rate and FQA sampling set
pass rate continued to rise showing the maturity of the company's product quality and delivery management.ISO9001:Jiujiang IATF 16949 ISO13485 AS9100D
ISO9001: Shenzhen ISO14001: ISO5001:
The company's quality management passed the customer's on-site audit
SGC Quality Performance Data
Quality indicators 2024
First Time Yield（%） 89.87%
Number of Product Hazardous Substance
0
Complaints (Pcs / Year)
Material Batch Pass Rate （%） 99.98%
FQA sampling pass rate （%） 99.14%
CQC Product Certification CULProduct Certification QC080000Management System Certification40 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 41
Supplier Quality Management: To ensure that the quality of raw and auxiliary materials meets the required standards
SGC has formulated and published the "Supplier Quality Management Work Instruction." This document clearly specifies the
control processes and execution guidelines for new supplier development supplier quality assessment annual review
3.3 Quality Control and Test change management and handling of anomalies. From 2021 to 2023 the company maintained a material batch pass rate of over
99.9%.
Building on a foundation of quality system management: We actively promote the operation concept of a smart Product Inspection and Testing: SGC has invested in establishing a central laboratory equipped with advanced
factory. Focusing on the "flexibility" requirements of a smart factory the company has transformed the traditional manual testing instruments from both domestic and international sources. This laboratory conducts electronic product failure
scheduling and handling of products finished goods and materials into an AGV (Automated Guided Vehicle) intelligent analysis and reliability research and it also houses a semiconductor integrated circuit packaging process laboratory. Since
logistics system supported by MES (Manufacturing Execution System) and RCS (Robot Control System) intelligent scheduling its establishment the laboratory has continuously improved its testing capabilities covering the necessary performance tests
systems. This system combined with AGV's autonomous path planning and intelligent warehouse management functions for products. It provides comprehensive quality inspection and evaluation of products materials components and
has significantly improved the level of quality management and production efficiency. intermediate products meeting the testing requirements for product design verification and production processes.When a production process signals a material shortage an AGV vehicle retrieves materials from the warehouse and delivers
them to the machine. After the machine completes the detection process the AGV vehicle transports the semi-finished products
to the semi-finished goods warehouse. The pre-treatment line process within the company's inner layer has currently
achieved full closed-loop production automation and data informatization encompassing automatic logistics automatic
machine loading automatic recipe cutting automatic data collection and automatic machine unloading.The entire plant's transportation is uniformly managed by AGVs allowing for 24/7 continuous operation. The use of AGV
robots and intelligent scheduling systems enhances the timeliness and accuracy of transportation tasks reduces manual labor
intensity includes error-proofing checks during operations and provides real-time visualization and control of logistics
conditions facilitating material traceability management.White Light Interferometer Infrared Spectrometer
Thermal Shock Test Chamber Thermal Emission Microscope System
QC Board Advanced production equipment
Dynamic Thermomechanical Analysis (DMA)) Vector network analyzer (43.5G)
Shear force tester Cyclic Interconnect Stress Testing System
3D warehouse AGV IntelligentSystem42 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 43
■ Customer Privacy Protection
3.4 Enhancing Customer Satisfaction The Company pays attention to the information security protection of its customers and adopts scientific information
security management measures in accordance with international information security management standards to effectively
■ Customer Satisfaction Survey control information security risks.(1) Information Security Management Procedures: In order to prevent risks during the use
of computers and information systems the Company has formulated Server Backup Management Procedures Network
In order to test the current level of customer satisfaction explore the potential needs of customers and find Antivirus and Firewall Management Documents and Management Documents on the Standardized Use of Computers andopportunities to improve service quality the company has established and implemented the “Customer Satisfaction Networks etc. which set out clear provisions on database data backup regular restoration and testing and validationManagement Program” according to the requirements of international standards. The company conducts annual customer firewall management and computer maintenance and repair so as to ensure the integrity security and continuity of the
satisfaction surveys by means of questionnaires customer visits monthly customer scorecards and daily communication equipments and data. The company has clearly defined regulations on database data backup regular recovery and test
including quality delivery engineering data processing customer complaints manufacturing process level price and other verification firewall management computer maintenance and repair to ensure equipment and data integrity security and
aspects.The Company convenes business departments to hold customer satisfaction survey analysis meetings to discuss and continuity of production activities.(2) Information security hierarchical management: The Company has established a
analyze the survey situation and form customer satisfaction survey analysis reports; business departments analyze the causes workflow and security management system for the collection and use of customer information and its related activities
of the problems found in the survey and formulate improvement plans and the Quality and Customer Service Department implemented the classification of customer information strengthened the security management of account numbers and
conducts regular tracking of the improvement actions and confirms the effects. According to the survey results for 2019- changed complex passwords on a regular basis and required that contractual agreements and project information be strictly
2024 customer satisfaction will increase from 83.2 points in 2019 to 90.4 points in 2024 showing that the product quality stored and access rights be controlled.(3) Information access rights: The company strictly manages the system access rights
and service quality of the Company are gradually improving. to ensure that only the personnel who have been formally applied for can access the relevant system; the company carries
Regular out shielding treatment for customer information in SAP system regularly backs up and carries out review on the action of
annual e-mail Customer Customer
visits and Grievances batch exporting copying and destroying the information in order to prevent the risk of information leakage.(4) Firewallor faxed
questionnaires surveys Complaints and anti-virus software: Advanced firewall and anti-virus software are adopted to effectively identify and block external
Delivery attacks and protect the safety of the intranet and computer system so as to build a safe and reliable customer information
performance protection system.(5) In January 2024 the company passed ISO27001 certification.(including
excess freight
incurred)
Collection and Company
processing of Client Monthly
regular Scorecard website
satisfaction Indicator Card WeChat
information communication
Newly defined scoring criteria
Evaluation results Excellent Good Done Pass Fail
Score 10 7-9 5-7 3-4 1-2
A: Calculation of each customer satisfaction score: (External customer rating * 70% + average internal score of responding customers * 30%)
B: Annual customer satisfaction score = (sum of each customer satisfaction score) / sum of total number of participating customers * 100 %
ISO2700104Environmental-friendly Leading Green &
Intelligent Manufacturing
The company upholds the philosophy of being responsible to society and
the planet. We are committed to consistent investment and scientific
management to be a responsible and conscientious enterprise ensuring
sustainable development.
1. Hazardous Substances Control 40
2. Building a Green Enterprise 42
3. Clean Production Management 44
4. Responding to ClimateChange 4546 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 47
4.1 Hazardous Substances Control ■■ HHSSFF 管C控on措tro施l MeasuresHSF (Hazardous Substances Free) refers to the reduction of hazardous substances listed in RoHS directives 1）The company has established HSF (Hazardous Substances Free) plans and policies complying with environmental regulations
REACH regulations or other relevant laws as well as those restricted or prohibited by customer requirements due worldwide and implementing a hazardous substances management system to ensure product compliance with
to their harmful effects on the environment and human health. To ensure that the company's PCB product HSF requirements.production and operations fully consider environmental and human health impacts comply with customer 2）The company identifies all factors affecting HSF including manufacturing packaging labeling delivery equipment tools
requirements and adhere to relevant product safety and hazardous substance control regulations the fixtures and auxiliary materials.company has developed and published the "HSF Control Procedure." This procedure implements a systematic 3）The company formulates "Hazardous Substance Control Standards" and "Declaration of Non-Containment of Hazardous
management mechanism to prevent hazardous substances from contaminating products. Substances" to meet customer and regional regulatory requirements controlling hazardous substances in incoming materials processes
In 2023 the company's hazardous substances management system was certified with the and finished products.QC080000:2017 certification. From 2021 to 2023 the company did not experience any hazardous substance 4）The procurement department evaluates and approves suppliers according to the "Supplier Management Procedures" to ensure
complaints. effective hazardous substance control systems. For new materials HSF monitoring data is requested from suppliers to verify compliance.
5）The company commissions third-party testing agencies for annual monitoring of finished products to ensure compliance. Non-
compliant products are sealed immediately and subject to further tracing verification and rectification.Identify HSF Factors and Establish
HSF Control Standards
HSF Product Design and
Development Process
HSF Material Process Management
HSF Production Process
Management
HSF Supply Chain Process
Management
HSF Quality AssuranceProcess
Hazardous Substances Free System
REACH Letter of Commitment Finished Product QC080000:2017System
for Conformity Hazardous Substance Certification
Monitoring Report
Regulations and Customer Requirements48 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 49
4.2 Building a Green Enterprise
■ Environmental Policy
Energy conservation and emission reduction green andsafe
Environmental protection serves as the bedrock for our company's survival and growth representing an
obligation we are duty-bound to fulfill. Grounded in the principles of social and planetary responsibility we remain
steadfast in our commitment to invest resources em ploy scientific methods for governance meet emissions
standards adhere strictly to legal and regulatory frameworks and act as a conscientious enterprise. These actions are
taken to guarantee our sustained and responsible business operations fostering a future of enduring prosperity.The company adheres to a path of green development adopting the policy of energy conservation and emission
reduction as well as promoting green safety in our management approach. We uphold the principle of allocating
appropriate environmental costs in a rational manner striving for a win-win scenario between corporate profits and
environmental benefits. We prioritize conservation protection green industrial layout green management and green
production. Focusing on green low-carbon and circular practices we aim to establish ourselves as a green enterprise.Environmental management mechanisms
Environmental Performance Data Statistics 2024
The company has established a systematic environmental management system in accordance with the
ISO14001:2015 standard continuously increasing its investment in environmental protection while adhering to
national environmental protection regulations. Utilizing the PDCA (Plan-Do-Check-Act) operational model it EnvironmentalIndicators 2024
continually enhances its environmental performance. According to statistics the company's environmental investment
in 2024 totaled $26.37 million. Environmental protection investment amount 2637
1. Establishment of Environmental Objectives: The company has formulated a series of environmental (10k RMB/year)
objectives comprising energy conservation targets input-output efficiency goals and pollutant discharge standards Total water consumption (T/year) 1163335.00
compliance aims. These objectives are propelled through an assessment mechanism that drives the execution and
advancement of environmental activities across departments fostering ongoing pollution prevention and Wastewater discharge volume (T/year) 779104.00
improvement initiatives. Proportion of wastewater treated up to
2. Clean Production Audit: The company has conducted multiple clean production audits starting from product standard (%) 100%
design raw material selection process improvements and production management. This approach seeks opportunities Rate of exhaust gas monitoring meeting 100%
for enhancement in clean production maximizing the conversion of raw materials and energy into products standards (%)Chemical Oxygen Demand (COD) discharge
minimizing resource wastage and reducing the emissions of pollutants and their environmental impact. volume (T/year) 23.18
3. Environmental Awareness Training: An annual plan for environmental protection publicity and training is
formulated which includes organizing related activities environmental protection training sessions promotional Ammonia nitrogen discharge volume（T/year） 133964972
campaigns and exchanges. These efforts enhance understanding of environmental regulations and environmental Total electricity consumption（KWH/ year） 1276498
management activities thereby raising employees' environmental awareness.
4. Environmental Inspection and Monitoring: The company regularly conducts internal audits and Natural gas（m3/ year） 74661.10
management reviews and periodically arranges for third-party monitoring of environmental pollutants to identify and
address potential environmental hazards. Between 2021 and 2023 the company achieved a 100% compliance rate for Diesel（KG/ year） 21196.23
emissions of pollutants such as waste gas and waste water marking significant environmental performance Gasoline（KG/ year） 24374.18achievements. During the period from 2022 to 2024 Shenzhen Ming Yang Circuit will be honored twice as “ExcellentEnterprise in Green Manufacturing and Environmental Protection” and once as “Shenzhen Green Enterprise”. Solid waste discharge volume（T/ year） 15386.1650 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 51
4.3 Clean Production Management 4.4 Responding to Climate Change
Environmental Management Responsibilities: SGC Circuit adheres strictly to national environmental protection
regulations actively implements the Environmental Impact Assessment (EIA) system and the "Three Simultaneities" principle.The company has established rigorous environmental management systems setting up environmental management
departments and dedicated personnel to oversee environmental protection work communicate with government
environmental authorities operate maintain and supervise environmental facilities. ■ Climate Change Risk Identification
Clean Production Audit: Shenzhen SGC has undergone three rounds of clean production audits. The first round was
completed in 2012 the second in 2018 and the third in 2023. These clean production audits have significantly assisted the
enterprise in enhancing production efficiency energy utilization rates and reducing pollutant emissions. They have also As the global economy expands the consumption of fossil fuels by humans has led to a significant increase in
brought about substantial economic benefits realizing a "win-win" scenario where both economic and environmental greenhouse gas emissions which in turn have caused a worldwide climate impact through the greenhouse effect. In
benefits are achieved. response to this the company refers to the risk analysis framework provided by the Task Force on Climate-related Financial
Upgrade of Exhaust Gas Treatment Systems: The company operates three sets of organic exhaust gas Disclosures (TCFD) to identify potential climate-related risks and opportunities in its production activities incorporating these
treatment systems which originally employed a process combining "water scrubbing + UV photocatalytic decomposition + into its overall environmental risk management. By conducting climate risk identification and assessment policy research
primary activated carbon adsorption." In 2023 the company upgraded the treatment process for these systems modifying it benchmarking against industry peers and integrating expert opinions the company has identified the following climate
to feature filtration + water scrubbing + secondary activated carbon adsorption. Following the upgrade the efficiency in
treating volatile organic compounds (VOCs) was enhanced resulting in a reduction of organic exhaust emissions by 1.06 tons change risks relevant to its business development.per year compared to 2022 levels.Stripping Line Replacement and Upgrade: In 2023 the company invested 700000 RMB to phase out an aging Climate Risk and Opportunity Identification and Evaluation Table
assembled thick gold stripping line in the surface treatment area and replace it with a fully automatic stripping line. The project
has been completed and is now operational. The new stripping line has reduced the amount of water used in repeated rinsing Potential Financial Risk Category Risk Factor Impact Mitigation Measures
processes leading to annual savings of 6682 tons of water and 59200 kWh of electricity. Moreover it has decreased sludge
discharge by 33.02 tons per year and membrane residue output by 7.21 tons per year. Increased Operating
Acidic Etching Solution Recycling System: During the production process acidic etching waste liquid is Climate Disasters (e.g. Typhoons Floods Leading to
Establish Emergency Response
Costs; Decreased
Safety Incidents or Forced Suspension of Production) Plans and Conduct Annual DrillValue of Fixed Assets
generated. The company uses membrane electrolysis technology to extract copper ions from the acidic etching solution. By Exercises
combining multiple proprietary innovative technologies the waste liquid is entirely recycled back into the production process Physical Risks Climate Change Impacts (such as Persistent High
achieving 100% recycling and zero discharge of etching waste liquid. Temperatures Causing Power Supply Anomalies Integrate Climate Change AwarenessIncreased Cooling Costs Unstable Supply Capacity and Rising Operating Costs into Daily Operations Management and
Waste Sorting and Disposal: The company manages various wastes generated during the production process Transportation) Enhance Energy Efficiency
through classification. Recyclable waste is sorted and recycled for reuse while non-recyclables are handled according to
national regulatory requirements for classified disposal. Hazardous waste is entrusted to qualified agencies for proper M o n i t o r R e l e v a n t L a w s a n d
handling and domestic waste is regularly cleared and transported by sanitation services for appropriate treatment. Policy and Legal Risks (such as Rising Carbon Prices and Ris ing Op erat ing
Regulations Regularly Report
Implementation of Carbon Taxes Leading to Increased Expenses Increased Greenhouse Gas Emissions Data
Operational and Procurement Costs) FinancingCosts and Effectively Respond to PolicyChanges
Enhance Equipment Utilization
Technology Risks (such as Upgrading to Energy-Saving and Growing Operating Efficiency and Increase Product
Transition Risks Emission-Reduction Equipment) Expenses Manufacturing Productivity
Market Preference Risk (such as Increasing Scrutiny from Capital Impai red Product S Elevate Climate Change as a Key
Markets Customers and Other Stakeholders on Corporate a l e s N e g a t i v e Agenda Item Disclosing Carbon
Climate Actions; Poor Environmental and Climate Impact on Corporate Emission-Related Information
Performance May Subsequently Affect Company Reputation and Reputation and Brand through ESG Reports Stakeholder
Performance) Influence Surveys and OtherChannels
Decreased Operating Fo r m u l a te C a r b o n R e d u c t i o n
Technology Opportunities (Early Adoption of Clean C o s t s B o o s t e d Strategies Employing Clean Energy to
Technologies and Use of Renewable Energy Sources to Sales of Low-Carbon Decrease Product-Related and
Effectively Mitigate Future Risks of Rising Energy Prices) Products Operational Carbon Emissions
Transition Actively Increase Investments in
Opportunities Market Preference Opportunities Enhancing Competitive Increased Revenues; E n h Decarbonization Engage Suppliers in
Position in the Market by Developing Innovative Low- a n c e d Environmental Collective Action and Offer
Carbon Products to Meet the Demands of Capital Markets Image and Brand Influence Customers Cleaner Lower-Carbon
Customers and Stakeholders for Sustainable Solutions and More Efficient Products
The upgraded organic exhaust gas Acidic Etching Solution Recycling SystemRecycling System
treatment system52 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 53
■ Our Carbon Reduction Initiatives (5) Jiujiang Sunshine Geothermal System: Jiujiang Sunshine Circuit Science and Technology Co. Ltd. ground source
heat pump system project based on the park construction planning in two phases the first phase has completed the
(1) Carbon verification: the company carries out carbon verification at the operation level in accordance with ISO14064 standards and
construction of the system of underground pipeline network the second phase is scheduled to complete the installation of
commissions a third-party verification organization to verify the carbon emission data and issue a carbon verification report. the total
equipment in two years and put into operation. After the completion of the project it is expected to save 87 million kWh
emissions of the company's Scope 1 and 2 at the operation level in 2024 will be 90777.73 TCO2-e/year.of electricity and reduce 485.72 tons of carbon dioxide emissions.(6) Shenzhen Sunshine Solar Photovoltaic: Shenzhen
(2) Energy management mechanism: The company's carbon emissions mainly come from electricity consumption in the production
Sunshine actively introduced distributed solar photovoltaic power generation system which covered the power
process. In order to reduce carbon emissions the Company has set up an energy management organization the Energy Saving and
consumption of dormitories in Building A and B publicity columns and daily channel lighting of the employees in 2024
Emission Reduction Group and formulated a comprehensive energy management system including the Energy Management System
injecting green power into the daily operation of the company. 2.57mwh of power was generated in 2024; 766kwh of
of Ming Yang Company the Energy Saving Reward and Punishment System of Ming Yang Company and the Energy Management
distributed photovoltaic power generation project was newly filed in 2024 and is expected to be officially put into
Procedures etc. to comprehensively promote energy saving and consumption reduction and has achieved good carbon reduction
operation for accessing production and manufacturing in April 2025. April officially put into for access to production and
performance.manufacturing use.(7) Energy-saving and carbon reduction projects: During 2024 the company carried out many energy-
(3) In 2024 the Company conducted the first mapping of suppliers' carbon emissions for the first time. It laid the foundation for the
saving projects and achieved significant carbon reduction effects as shown in the following table.carbon emission of statistical scope III. In addition the company provides free dormitories for employees within the company. It is
only a ten-minute walk from the company. The purpose of reducing carbon emissions in Scope III has been achieved. Company Energy-Saving Retrofit Project Emission Reduction Performance Statistics Table
Greenhouse Gas Emissions Data Statistical Table
Order Project Carbon reduction（TCO2-e）
Environmental Indicators
2024 1 Drilling rig eliminates stand-alone chiller in favor of centralized oil cooling project 134.81Scope 1 Emissions (T CO2-e/ year）
3188.96 2 Energy-saving renovation project for dust-absorbing pipes in drilling workshop 578.26Scope 2 Emissions(T CO -e/ year 3 200HP Thermal Air Compressor and 200HP Atlas Air Compressor Heat Recovery 2 ） Project 573.52
87588.8
4 Shenzhen Ming Yang Replacement of energy-saving lamps 193.82
Scope 1 and Scope 2 Total Emissions (T CO2-e/ year
） 90777.73 5 Air compressor room on the roof of Plant 1 458.65
6 Horizontal line energy saving fan retrofit 127.59
(4) Water source heat pump centralized heating instead of electric heater end heating: heat pump as a kind of high efficiency and energy
saving heating device its heating efficiency can usually reach 400% or more much higher than the electric heating efficiency of 95% to
98%. The company increases the water source heat pump utilizes the old air energy heat pump and the waste heat of the air compressor to
form the centralized management of hot water on the floor reduces the energy consumption of hot water reduces the electricity consumption
by 338400 KWh per year and reduces the carbon emission by 193T CO2-e/year.压缩机螺杆式热水出冰水进
功率20HP 至200HP冰凝器冰水出水冷蒸发器热水进管壳式换热器管壳滴液式过滤器膨胀阀
Shenzhen Photovoltaic Project Showcase Pictures
Water source heat pump treatment flow05People-Oriented Empowering Employee Development
Adhering to the core concept of position value SGC Circuit ensures the rights and dignity of
every employee guaranteeing a fair and transparent work environment. The company actively
promotes a culture of strivers encouraging employees to contribute with enthusiasm and relentless
efforts towards the continuous growth and prosperity of the enterprise.
1. Our Employee 50
2. Employee Rights Protection 51
3. Occupational Health and Safety 53
4. Training and Development 56
5. Employee Care 5856 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 57
5.1 Our Employees 5.2 Employee Rights Protections
■ Human Resource Policies ■ Employee Rights and Benefits
The company adheres to national labor regulations strictly prohibiting any form of discrimination during the hiring
SGC Circuit deeply understands the
significance of talent considering it the core process and is fully committed to safeguarding all employees' rights and benefits ensuring equal development
People-Oriented Approach Combining Virtue with
driving force and most cherished asset for opportunities for every staff member.R e s p e c t i n g th e i n d i v i d u a l Competence
the company's development. The company va l u e o f e a c h e m p l o y e e the T he c o m p a ny f o c u s e s n o t 1. The company implements a comprehensive and transparent compensation and benefits system focusing on work schedule
c o mp a n y pla ces gr e a t only on cultivating employees '
emphasizes the selection cultivation and arrangements promoting a reasonable work regime and prioritizing employees' physical and mental well-being.emphasis on their personal p r o f e s s i o n a l ski l l s b u t al so
motivation of talents upholding an employment d e v e l o p m e n t an d g r o w t h places a higher premium on their 2. The company encourages employees to actively engage in corporate governance supporting their establishment and
while attentively addressing moral character professional
ideology centered around "people first combining participation in trade unions. Through collective bargaining both parties collaborate to uphold employees' legal rights andtheir needs and expectations. ethics and overall demeanor.virtue with competence utilizing each person's interests. A union organization has been established within the company with employee representatives elected by their peers
strengths and realizing win-win outcomes." to participate in management and decision-making processes. They assist in resolving and addressing employee grievances
Committed to fostering an environment that ensuring that employee voices are respected and heard.Achieving Win-Win Outcomes
nurtures a steady stream of talents SGC Circuit Maximizing Each Person's 3. The company strictly prohibits any form of discriminatory behavior. By establishing internal grievance channels issues areWith a fair compens a t ion and
Potential Based on individual a
establishes a robust foundation for its sustainable benefi ts sys tem a longs ide a handled and resolved based on principles of fairness and impartiality thereby preventing employees from experiencingb i l i t ie s s t r e n g t h s a n d
promising career development p
growth. interests the company makes discrimination or unfair treatment. This ensures a respectful and equitable working environment for all.l a t f o r m e m p l o y e e s a r e
reasonable job allocations to
The company actively promotes diversity empowered to realize their self-ensure tha t each employee
worth while contributing to the Initial Grievance Preliminary Grievance Deliberation and Implementation
among its employees attracting and retaining a can maximize their value in c o m p a n y ' s g r o w t h t h e r e b y
their respective positions. Reporting Investigation Committee Ruling and Feedback
broad spectrum of talents from d iverse achieving a mutually beneficial and Handling Review
outcome for both parties.backgrounds genders ages ethnicities and
religious affiliations. It strictly prohibits any form Employee Grievance HandlingProcess
of discrimination based on race skin color Company Human Resources Management Philosophy
gender nationality religion disability marital ■ Compensation and Benefits
status age pregnancy or any other legally protected characteristics. Forced labor is explicitly banned and the hiring of child With comprehensive reference to factors such as job value personal ability performance and market level and
labor is strictly forbidden. The company respects employees' individual freedom of belief and safeguards their personal privacy following the principles of fairness competition incentive economy and lawfulness Ming Yang Circuit has formulated a
dedicated to creating a diverse and inclusive workplace environment. By the end of 2023 the company had a total of 2400 market-competitive comprehensive and diversified compensation and benefit system for its employees which fully reflects
employees including 166 individuals from ethnic minority groups with female managers constituting 7.59% of the
management team. the company's recognition of the value of its employees and the company's care for the employees' career development and
quality of life. 2024 average compensation growth rate of the employees is 11% and employee satisfaction rate reaches
89%. In 2024 the average salary growth rate of the company's employees will be 11% and the satisfaction rate of the
Human Resources Performance Data 2024
employees will reach 89%.Total Number of Employees 2476
Male to Female employee Ratio（%） 71：29
Age Distribution of Employees（Under 30 /30-50 /Over 50） 27:68:5 Human Resources Metrics Data 2024
Number of Ethnic Minority employees（Persons） 161 The ratio of the average wage of frontline employees to
the local minimum basic wage 3.81:1
Number of Employees with Disabilities（Persons） 6
Employee turnover rate（%） 3.51%Educational Attainment Distribution of Employees（Bachelor’s Degree&Above / HighSchool&Above/ Junior High School&Below） 15:57:28 Average employee satisfaction rate（%） 89%
Average employee salary growth rate（%） 11%
Percentage of Middle-Level and Above Female Managers Among Management Staff（%） 8.82%
Number of Foreign Employees Persons Gender pay ration for the same position（%（ ） 1 ） 1:01
Labor contract signing rate（%） 100%58 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 59
5.3 Occupational Health and Safety
■ Safety Policy
The company has always insisted on putting the safety and health of employees in the first place and has established asystematic occupational health and safety management system with the tenet of “safety first prevention firstcomprehensive management” and has gradually promoted the operation of the safety management system in four aspects
In order to ensure that the salary and income levels of different positions in the company are in line with the effective namely risk identification system planning organization development and culture construction and has formulated an
combination of internal fairness and external competition the company has implemented the grade and pay scale linkage implementation plan to strengthen the foundation in 2023 improve the standard and reduce the risk in 2024 and stabilizesystem of “setting salary according to responsibility and ability obtaining remuneration according to performance and and improve the system in 2025. It has also formulated an implementation plan for 2023 to strengthen the foundation 2024adjusting salary according to performance” the performance bonus floats along with the performance and the annual and to improve the standard and reduce the risk and 2025 to stabilize and improve the system. At present Shenzhen Sunshine
monthly performance is an important basis for the salary adjustment. The company provides employees with various benefits and Jiujiang Sunshine have obtained IS045001 Occupational Health and Safety Management System Certificate.according to the law in addition to enjoying the national provisions of the five insurance vacation annual leave sick leave
breastfeeding leave maternity leave but also for the staff for the accident comprehensive insurance free room and board
the staff shuttle bus holiday and birthday gifts and so on.■ Satisfaction Survey Become a Global Leader in Green Intelligent Manufacturing of High-0VS 7JTJPO Precision Electronic Circuits
&)4 7JTJPO Dedicated to Establishing a World-Class Environmental and Safety Management System to Ensure Business Continuity
The company strives to create an open inclusive and harmonious communication environment to ensure that every
employee's voice can be quickly and accurately transmitted and feedback. In order to understand the real thoughts and needs &)4 .JTTJPO Creating a Healthy Safe and Pollution-Free Production Environment to Achieve Business and Strategic Goals
of employees the Company conducts employee satisfaction surveys every year covering a variety of dimensions such as
2024:Upgrade standards and
working environment compensation and benefits career development work pressure superior and subordinate 2023:Pragmatic basis 2025:Steady Growth4UBHFHPBM reduce inspectionsEstablish organization Procedural Process-Oriented Professionalism Autonomy
communication and corporate culture etc. Meanwhile in response to the results of the surveys the Company implements a standards processes and systems Standardized Systematic Digitization Sustainability
number of improvement initiatives to enhance the sense of participation and belonging of employees. In 2024 the
System Planning Risk Control Organizational Growth Cultural Development
Company's employee satisfaction rate is 89% and the employee turnover rate will be as low as 3.51% reflecting that the
attractiveness of the Company will continue to improve. Goal Management Risk Grading and Organizational Planning Framework Development Procedure Revision Control Performance Evaluation Activity Planning
4USBUFHZ Standard Development Change Management Empowerment Design Incentive Mechanism Process Optimization Equipment Lifecycle Capability Enhancement Benchmarking
System Operation Management Talent Group Development Sustainability Solutions
Diagnostic Evaluation Predictive Warning
Digitization Development Mechanism
Company's Safety Management System ImplementationChart
&)4 5BTL System Planning Comprehensive Management Team Building Cultural Establishment
Company's Safety Management System Implementation Chart
Working environment60 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 61
■ Security management measures
(1) Safety management organization: The company has established a safety governance structure including a safety
management committee a safety management department and a safety production leading group and has clarified the safety
responsibilities and obligations of personnel at all levels. In addition the company has established a safety incentive and
accountability system forming a safety management system from top to bottom with full participation of all personnel. during
the period of 2021-2024 the company did not have any major casualty accidents or occupational disease cases and achieved
good safety and health performance. in 2024 the company increased its emphasis on safety. The number of safety training
hours reached 15.3 hours per person per year. The investment in capital also increased to 8.24 million RMB.
(2) Dual prevention mechanism: The company has created a dual prevention mechanism of risk classification and control
and hidden danger investigation and management to accurately identify and prevent all kinds of risks from the source. The
Company pays close attention to the weak links and potential problems in the risk management and control process and
conducts regular hidden danger investigation and rectification to avoid safety accidents.
(3) Production safety standardization: The company carries out risk identification for all production lines and equipments
according to the safety standardization to standardize and quantify the safety risks; and establishes a visual safety card for each
position to inform the employees of the requirements of safety operation and the dangers of non-compliance so as to let each
employee carry out the safety operation standards.
(4) Safety inspection: The company regularly carries out safety inspections in various ways to improve the implementation
of safety management and safety operation standards. Daily on-duty leaders and security teams inspect key risk positions and
when hidden dangers are found they are resolved in a timely and closed-loop manner by reporting to the IT system's hidden
IS045001:2018 Occupational Health and Safety
danger management platform.2024 The Company conscientiously implemented the Three-Year Action Program for Safe Management System Certification
Production Remediation and Attack on the Root Cause of Safety Issued by the Safety Committee of the State Council (2024-
2026) to further strengthen the foundation of safe production and fundamentally eliminate the hidden dangers of accidents andthe entire Company earnestly studied the National All staff of the company carefully study the “Determination Standard for Occupational Health and Safety Performance Statistics 2024Major Hidden Accident Dangers in Industry and Trade Enterprises” issued by the Ministry of Emergency Management and
Occupational Health and Safety Data
actively carry out the investigation and management work in accordance with the standard 2024
.(5) Occupational health protection: The company introduces a third-party testing organization to regularly monitor the Safety Investment Funds（10K RMB / Year） 824
working conditions and operating environment strictly control the occupational hazards regularly hold medical checkups for Employee Health Check-up Coverage Rate（%） 100
occupational diseases post notification boards for occupational hazards and equip the employees with labor protection Work-related Fatalities (Persons/Year)
0
equipment so as to protect the occupational health of the employees in an all-around way and with a high standard.(6) Safety
Occupational Disease Incidence Frequency
awareness training: The company builds a three-level safety training system according to the requirements of national safety (Occurrences/Year) 0
regulations and adopts various methods to carry out training on fire safety operation safety emergency response first aid for Safety Training Hours per Person per Year(H/Person/Year) 15.3
personnel chemical management etc. which effectively improves the safety awareness and response ability of employees.62 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 63
Safety Drills Shenzhen Ming Yang exercise site photos
SHENZHEN
Time Program Participants Simulated exercise scenarios
1024 Poisoning Emergency Drill Laboratory staff immersion gold line
Simulation of cyanide poisoning of
8:20-8:50 staff electro-thickness gold staff thick gold line employees on the third floor of Building B
1024 Warehouse staff production department Chemical Spillage Exercise dosing staff chemical laboratory safety Simulation of a chemical leak in a 15:00-16:00 committee tank area on the roof of a building
Simulate a fire in the air ducts of the
1025 Still Chemicals VOCs Fire oven room on the second floor of
16:30-16:45 Evacuation Drill + Fire Hose All employees of the company Building B which will quickly ignite Fire appears sound Implementation of the
After alarm Spraying the surrounding chemicals and could the alarm. rescue
explode at any time.
1025 Employee First Aid and
16:55-17:05 Knowledge for Workplace All employees of the company PlaygroundInjuries
1025 Learning to use fire
17:05-17:05 extinguishers All employees of the company Playground
1025 Leadership speeches
17:15-17:30 summaries All employees of the company Playground
1025 Emergency evacuation drill for
23:00 night shift employees All employees of the company Playground
First aid for personnel Wrap-up speech64 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 65
Safety Drills Jiujiang Sunshine exercise site photos
JIUJIANG
Time Program Participants Simulated exercise scenarios
0912 Simulation of a fire on the roof of a
08:05——08:20 Evacuation and rescue All employees factory building and evacuation of
After alarm the entire site to a safe area
0912
08:10-08:20 firefighting and rescue Development Zone Fire Brigade Rooftop of Factory One Fire appears sound Functional groups
0912
08:20-08:25 First aid for injuries Jiujiang First People's Hospital Parking Lot C Residence Hall C the alarm. assembled
0912 Safety training in the use of
08:25-08:30 factory transportation vehicles Jiujiang Base Security Group Parking Lot C Residence Hall C
0912 Anti-riot and Terrorism Live
08:30-08:40 Practical Exercise Jiujiang Base Security Group Parking Lot C Residence Hall C
0912 Hazardous chemical leakage on-
08:40-08:45 site practical exercises Warehouse staff Parking Lot C Residence Hall C
0912
08:50-09:00 Leadership speeches summaries All employees Parking Lot C Residence Hall C
0912 Fire extinguisher use on-site
09:00-09:20 practical exercises New employees after August 1 Parking Lot C Residence Hall C
Personnel are Implementation of the
assembled rescue66 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 67
5.4 Training and Development ■ Employee Career Development
A scientific and reasonable career development mechanism is the key to help employees grow and enhance the
■ Training and Development competitiveness of the company. The company's career development mechanism is centered on grade promotion paths job
rotation strategies and customized career planning providing employees with different skills and different levels with
broad career development space. The company continuously promotes and optimizes the employee qualification
on training and timely adjusts the training and career development mechanism. The company designs training
management system to provide clear guidelines for the career development of employees help them cope with various
programs according to the different positions and career development needs of employees. For management channel
challenges and problems in their career and ensure that they can move forward steadily on the road of growth.personnel it sets up grassroots mid-level and high-level leadership training programs; for professional channel personnel it
builds up training programs centered on qualifications and learning path diagrams; and for new employees recruited from
schools it establishes a new force training program to create a “Whampoa Military Academy” for the cultivation of Career Advancement Customized Career
Path: According to the Planning: Individualized
newcomers in the industry. For new employees recruited from schools the company has established a training program for employee's career skills and
career development plans
performance provide
newcomers to create a “Whampoa Military Academy” for the training of newcomers in the industry so as to bring out opportunities for grade and paths are developed
excellent talents and provide a talent reserve for the sustainable development of the company.The company encourages promotion as well as salary for employees based on
and benefit enhancement. their strengths and
employees to learn continuously provides rich online and offline learning resources and regularly collects employees'
Job Rotation interests.opinions and suggestions Strategy: Encourage
job rotation to enrich
employees' work
experience improve
their general skills
2024 Employee Training Performance Statistics and train generalists.
Indicator Data 2024
Total annual staff training hours
(H/year) 59151.64
Employee training investment ($
million / year) 35.24
Number of types of training courses
(types/year) 94
Average staff training hours
(H/person/year) 23.89
The company held the 2024 Employee Appreciation Conference to recognize outstanding
Project management training Training camps for university students employees and promote advanced deeds.68 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 69
5.5 Caring for Employees ■ Colorful Staff Life
■ Employee Mutual Assistance In order to build a positive working atmosphere and a pleasant living environment we organize various forms of cultural and sports
Fund activities to enrich the spiritual world of our employees relieve their psychological pressure and enable them to balance work and life more
comfortably.Every year the summer vacation “Ming Yang's Growing up with Children with One Heart” parent-child activities bring more
In order to enhance the cohesion of the enterprise and promote the harmonious development of the enterprise in 2021 the company
laughter to our employees. The rich and diversified experiences broaden the children's horizons and the parent-child interactions bring our
especially set up the Employee Mutual Aid Fund Association which has so far gathered more than 1.6 million yuan and donated a total of
employees and their children closer which brings them a sense of well-being.The company organizes various cultural and sports activities
121500 yuan in 2024 to help 7 employees to solve their problems in life. By the end of 2024 we have successfully helped a total of 24
every year including badminton basketball tug-of-war Lantern Festival riddles birthday parties etc. These activities enhance team
employees to solve their difficulties in life and provided them with a total of about 472100 yuan of assistance including the payment of
cohesion teamwork and collective sense of honor.medical expenses emergency treatment of family changes subsidies for education expenses etc. which really help each other in the midst
of snow.The company set up the Employee Mutual Aid Fund Association to help
employees facing unexpected difficulties or special circumstances to tide over the
difficult times.06Transparent Procurement Fulfilling Social
ResponsibilitiesThe company adheres to the principle of“Disinterested Procurement Win-Win Cooperation"and is dedicated to building a sustainable supply chain. The company actively participates in
community development gives back to society and strives to be an exemplary corporate citizen!
6.1 Responsible Procurement 62
6.1 Charitable and Public Welfare Activities 6472 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 73
6.1 Responsible Procurement
Procurement Values: Integrity and Collaboration Understanding and
Communication Continuous Improvement.Vision and goal: practicing sunshine procurement creating strategic value building a supply ecology of equality respect
transparency development and win-win situation and committing to providing timely accurate high-quality and cost-effective
procurement supply chain services.
2024 Group Partner Delivery Empowerment Conference
■ Responsible Procurement Management
Since its establishment the company has always adhered to the original spirit of integrity management based on the principles of Statistical tables of responsible procurement performance data
fairness openness and impartiality advocated the sunshine procurement policy standardized the operation management of all stakeholders Performance Indicators 2024
in the supply chain cooperated with suppliers and strictly adhered to the standards of honesty and business ethics in all business activities.Production Local Supplier Percentage（%） 97.6%
Number of New SupplierCertifications 13
(1) Supplier Selection The Company has established a set of comprehensive and applicable management norms in accordance with the
Annual Number of Supplier SER Audits
“Supplier Certification Management System” and “Supplier Management Procedures” and has screened out competitive suppliers through the setting 56
of filing thresholds evaluation of materials and assessment and counseling by a professional audit team as well as utilizing the SRM system to
manage the suppliers in their full life cycle. In order to promote the development of regional economy the Company prioritizes local suppliers and
the proportion of local suppliers for production materials will reach 96.3% in 2024. ■ Sunny procurement planning
In order to realize the sustainable development of the supply chain in the future the company will establish and improve the ESG management of
suppliers based on the requirements of the ISO20400 Sustainable Procurement standard and in 2024 the company has made the following actions for
(2) Supplier Management: The Company has signed the “Commitment Letter for Sunshine Procurement for Strategic Partners” and sustainable procurement
“Commitment Letter for Environment/Safety/Social Responsibility for Suppliers” with all its suppliers which contains provisions on integrity 1) The company has introduced a sustainable procurement policy and has set quantitative goals to supervise the fulfillment of sustainable
compliance human rights environmental protection safety ROHS etc. Suppliers are required to comply with the relevant provisions of the procurement.commitment letter supervise each other to ensure the implementation of Sunshine Procurement and the contract will be terminated or dissolved at 2) Formulate a supplier questionnaire to calculate the carbon emissions of suppliers. We plan to set carbon reduction requirements and targets
any time if there is any violation of the provisions. Terms and Conditions . for suppliers by 2027.
(1) Strengthen supplier ESG risk evaluation and grading management focus management on suppliers with high ESG risk and add ESG-
related evaluation requirements to the supplier QEMCDS performance scoring rules;
(2) Strengthen supplier audits on hazardous substance management ESG compliance and management performance and the Company plans
to increase the annual audit data from 37 /year to 50 /year by 2029 to help suppliers improve their ESG performance. The Company plans to increase the
(3) Sunshine Purchasing Training: The company regularly conducts training on topics such as integrity honesty and supplier social
annual audit data from 37 to 50 by 2029 to help suppliers improve their ESG management level.responsibility management for internal purchasing staff extends the company's social responsibility concepts and requirements to the supply chain
3) Actively respond to the national “dual-carbon” strategy and the carbon reduction requirements of customers and promote suppliers to carry
and jointly promotes social responsibility management with suppliers to ensure that all operations comply with environmental protection labor laws out carbon inventories and carbon emission reductions so as to reduce the emissions of product carbon footprints and contribute to the mitigation of
and regulations and the norms of corporate social responsibility. global warming.
(4) Supplier Performance Evaluation: With reference to the RBA audit program the Company conducts annual SER audits on key suppliers
including 5 major aspects of labor health and safety environment ethics and management system to ensure that suppliers comply with the regulatory
requirements related to social responsibility in their business activities. 2024 the Company completed the on-site audits of 37 suppliers on the basis of
their environmental and social responsibility (SER). In 2024 the Company held the 2nd Supplier Conference of Ming Yang Circuit and set up
awards such as the Excellent Quality Award and the Best Green Partner Award to recognize and motivate suppliers who have made significant
contributions to the Company.Supplier participation in empowerment training Conduct on-site audits of vendors74 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report 75
6.2 Conduct on-site audits of vendors
The company adheres to the concept of “giving love returning to the society” and actively participates
in social welfare and charitable activities taking responsibility and giving back to the society with practical
actions. ■ 志愿者活动
■ Public Benefit Action for Rural Support
On August 31 2024 Ming Yang Group donated living and school
supplies to children from poor families.76 Sunshine Global Circuits Co. Ltd | 2024 Annually ESG Report GRI Standards Inde of 77
Indicator
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□ Transparent Sourcing Fulfilling Social Responsibility
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