CONTENTS
Sustainable Development
Preface to the Report About WCON Governance
About the Report 01 Performance in 2025 03 Sustainable Development 09
Message from the Chairman 02 Company Profile 04 Goals and Vision
Product Roadmap 06 Sustainable Development 10
Governance Structure
Development Course 07
Honors 08 Communications with 11
Stakeholders
Management of Material 12
Topics
Sound Governance, 14 Green Operations for a Low- 29 Driving Innovation, Creating 44 Uniting the Employees, 59 Annexes 73
Sustainable Development carbon Future Shared Value Enriching the Society
Party Building Work 15 Response to Climate Change 30 Innovation-Driven Growth 45 Safeguarding Employees’ Rights 60 Indexes 73
Corporate Governance 16 Environmental Compliance 36 Product and Service Safety 49 Occupational Health and 67 Key Performance Indicators 78
Management and Quality Safety Form
Investor Relations Management 18
and Protection of Shareholders' Resource Utilization 41 Responsible Supply Chain 54 Community Public Welfare 71 Feedback 86
Rights and Interests
Responding to “the Belt and 72
Risk Management and Internal 21 Road Initiative”
Control
Compliant Operations and 23
Business Ethics
Data Security and Privacy Protection 26
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Preface to the Report
Reporting Scope Terms and Definitions
The Report focuses on “WCON Electronics Co., Ltd.”. The scope of the Report Unless otherwise indicated by the context, the following terms in the Report have
About the Report is consistent with the Company’s Annual Report unless otherwise stated. The the meanings as below:
Report covers from January 1, 2025, to December 31, 2025 (the “Reporting
Period”) and is released annually, consistent with the financial year. To enhance
The Report marks the second Term Definition
comparability and completeness, certain sections may reference data from
environmental, social and governance
previous years or inclu forward-looking statements.
(ESG) report (hereinafter referred to WCON, the Company, We WCON Electronics Co., Ltd.
as “ESG report”) published by WCON
Electronics Co., Ltd. In line with the Dongguan WCON Automotive Electronics
WCON Automotive
principles of objectivity, standardization, Co., Ltd.
transparency, and comprehensiveness, Preparation Basis Company Law
Company Law of the People's Republic of
the Report elaborates in detail on the China
Company’s efforts in environmental Shenzhen Stock Exchange Self-Regulatory Guidelines No. 17 for Companies Securities Law of the People's Republic of
Securities Law
protection, social responsibility, and China
Listed on Shenzhen Stock Exchange - Sustainability Report (For Trial
corporate governance for the year 2025, Implementation) Articles of Association of WCON
Articles of Association
responding to the expectations and Electronics Co., Ltd.
concerns of stakeholders. Shenzhen Stock Exchange Self-Regulatory Guidance No. 3 for Companies
SZSE Shenzhen Stock Exchange
Listed on ChiNext Market of Shenzhen Stock Exchange - Preparation of
Sustainability Report
Global Reporting Initiative Sustainability Reporting Standards (GRI Standards)
Confirmation and Approval
China Enterprise Reform and Development Society Guide to Corporate
Sustainability Reporting in China (CASS-ESG 6.0) The Report was approved by the Company’s Board of Directors on April 23, 2026,
and was subsequently released in conjunction with the Company's Annual Report
Task Force on Climate-related Financial Disclosures (TCFD) Framework for 2025. The Board of Directors has reviewed and approved this Repor and is
responsible for its content, ensuring it is free from any false records ot misleading
UN Sustainable Development Goals (SDGs)
statements and is truthful, accurate, and complete.
The Report is published in both Chinese and English, with the English version
derived from the Chinese version. For any discrepancy between the two versions,
the Chinese version shall prevail.
Data Explanation
All information and data cited in the Report are sourced from the Company's
Access to the Report
official documents, statistical reports, and financial reports, as well as
the sustainable development practice information of various functional
The Report is available for reference and download from the sustainability section
departments and business units that has been compiled, summarized, and
of the Company's website (www.wcon.com), the Shenzhen Stock Exchange website
reviewed by the Company.
(http://www.szse.cn), or the information disclosure website designated by the
The Company pledges that there are no false records, misleading statements, Shenzhen Stock Exchange, CNINFO (www.cninfo.com.cn). If you have any questions
or major omissions in the Report. Additionally, unless otherwise specified, all or suggestions about the Report, please send an email to cwdg@wcon.com or call
currencies and amounts mentioned in the Report are denominated in RMB. 0769-85358915.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Message from the Chairmant
Distinguished shareholders, partners, and to all who follow WCON’s sustainability We extend our innovation standards to the entire value chain, establishing not the times, so that we may truly say: “ With the sky as our only limit and
journey: only stringent quality supervision and product traceability mechanisms but also no peak too high to climb, we strive to be the pinnacle of our industry.”
incorporating sustainable development requirements into supplier admission and
Greetings to you all! Here, we sincerely invite partners from all sides to join WCON on the
audit standards. We are committed to collaborating with upstream and downstream
path of deepening our core business and bravely shouldering social
I am deeply honored to present the 2025 Environmental, Social, and Governance partners to jointly create a responsible, traceable, and resilient green value chain.
responsibilities, working together in unity towards a long-term future,
(ESG) Report of WCON to you. The Report not only serves as a comprehensive
and jointly writing a new chapter of sustainable development that is
summary of our deepened ESG practices over the past year, but also represents
Green Intelligent Manufacturing, Co-creating Net-zero Carbon Factories. mutually beneficial, win-win, and full of warmth!
our solemn commitment to steadfastly following the path of sustainable
development in the future. On behalf of WCON, I would like to express my sincere We integrate green concepts into our production and operations, viewing energy
gratitude to all partners who have given us firm support and trust over the years! conservation and emission reduction as crucial pathways to value creation. Through
precise monitoring and analysis of energy consumption, we continuously optimize
Looking back at 2025, the macro environment was complex and ever-changing,
our energy structure and strengthen pollution prevention and control. Guided by
with geopolitical conflicts and industrial chain restructuring posing severe
low-carbon goals, the Company systematically promotes energy-saving renovations,
challenges, while the competitive landscape in the manufacturing sector became Chairman of WCON
deploys intelligent energy storage systems and high-efficiency chilled water storage
increasingly fierce. Facing these challenges, we viewed them as opportunities Electronics Co., Ltd.
projects, and breaks down low-carbon goals into measurable, controllable, and
instead. WCON has consistently integrated the ESG concept into our strategic
supervised routine practices. During the reporting period, WCON was awarded the
decision-making and deeply embedded it into every aspect of corporate
"Net-zero Carbon Factory (Three-Star)" certification, which is both recognition and
governance, production operations, and business expansion, seeking growth
a new starting point. We will take this as a benchmark to transform certification
momentum amidst uncertainties and exploring new avenues for value creation in a
achievements into long-term momentum for sustainable operations, achieving
changing world.
synergy between ecological benefits and production efficiency.
April 23, 2026
Governance as the Foundation, Building a Solid Compliance Base. Humanistic Cohesion, Shouldering Social Responsibilities Together.
We are deeply aware that robust governance is the cornerstone of a company's A company's development is inseparable from the efforts of its employees or the
stable and long-term development. WCON continuously improves its corporate support of society. We adhere to the guidance of Party building, closely integrating
governance structure, embedding risk control and compliance supervision corporate development with social responsibilities. In addressing public concerns,
throughout the entire business operation chain. Through regular anti-commercial we organize voluntary blood donations and support community construction; in
bribery and anti-corruption training, we have established a comprehensive times of social need, we have promptly responded to assist in the Hong Kong
commercial ethics supervision system covering the entire process. The Company's disaster relief; and in the journey of rural revitalization, we take practical actions to
Strategy and Sustainable Development Committee coordinates ESG strategies support agricultural assistance. Meanwhile, we deeply recognize that employees are
and medium-to-long-term corporate strategic planning, ensuring that every the Company's most valuable asset. We are committed to creating a warm, secure,
responsibility is effectively implemented. Meanwhile, we adhere to the principle and promising work environment. Through diverse welfare benefits and incentive
of transparency in information disclosure, comprehensively, promptly, and mechanisms, we achieve emotional cohesion and outcome sharing, ensuring that
accurately communicating corporate governance dynamics to safeguard the employee care is heartfelt, rights protection is robust, and growth empowerment is
right to information and supervision of all stakeholders, thereby safeguarding the profound.
Company's long-term development.
Looking ahead to 2026, we will embrace the winds and forge ahead together. A
new wave of technological advancements is surging, and the dimensions of market
Innovation-Driven Growth, Reshaping the Value Chain.
competition are comprehensively upgrading. This is not only a challenging period
WCON has always regarded technological innovation as its core driving force, facing pressure but also an opportunity period to ride the momentum. Looking to the
attaching great importance to R&D innovation governance. We have formed an R&D future, we are increasingly convinced that the path of sustainable development is not
model centered on product R&D and mold development, supported by advanced a solitary journey but a collective one. It requires us to join hands with employees,
manufacturing techniques such as precision stamping and injection molding. stand shoulder to shoulder with partners, benefit society together, and resonate with
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
About WCON
Performance in 2025
Total Operating Income Net Profit Attributable to Percentage of Number of Labor Employee Training Coverage
Economic Performance
Shareholders of the Parent Company Contract Workers Dispute Cases
Social Performance
Total Taxes R&D Investment Coverage Rate of Physical Number of Safety Number of Quality Percentage of Suppliers that Have
Examinations for Employees Production Accidents Training Sessions Signed the Integrity Agreement
case times
Total Duration of Anti-Monopoly and Fair Signing Rate of the Business Ethics Agreements
Environmental Performance
Total Environmental Investment Number of Environmental
Governance Performance
Competition Training
Training Sessions
RMB 392,000 44 times 73.50 hours 100%
Number of Reports of Corruption or Proportion of Management Personnel Attended the
Total GHG Emissions Waste Disposal Compliance Rate
Bribery Incidents Anti-commercial Bribery and Anti-corruption Training
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Company Profile
WCON Electronics Co., Ltd. was established in November 2002 and WCON specializes in the R&D, design, production, and sales of industrial control connectors, automotive connectors, and new energy connectors. Its
was listed on the ChiNext Market of the Shenzhen Stock Exchange products can be widely applied in industrial control and automation equipment, the “three-electric” systems (battery, motor, and electronic control
on September 8, 2022 (Stock short name: Wcon Electronics, Stock system) of new energy vehicles, photovoltaic inverter systems, robotics, data centers, and other fields. The Company adheres to specialized production,
code: 301328). The Company is committed to providing customers covering the entire production process from the development and design of hardware and plastic molds to precision high-speed punching machine
with high-end precision connectors and solutions and has been stamping and precision plastic injection molding, and then to automated product assembly.
certified as a National High-Tech Enterprise and a Specialized and
Sophisticated SME in Guangdong Province.
The Company has established an extensive standard product library and a high-standard quality supervision system, boasting more than
prominent product families with over 50,000 active trading SKUs and over 100,000 reserved product SKUs. It has obtained a number of
authoritative certifications for the ISO 45001:2018 occupational health and safety management system, ISO 50001:2018 energy management
system, IATF 16949 quality management system in the automotive industry, ISO 9001:2015 quality management system, ISO 14001:2015
environmental management system, QC 080000-2017 hazardous substance process management system, and ISO/IEC 17025:2017 laboratory
competence accreditation. Furthermore, it has successively obtained the UL (US) and CUL (Canada) safety certifications, UL Witness Test Data
Program (WTDP) certification (US), and CNAS national certification, with its products complying with EU RoHS and REACH environmental
directives, among others.
Looking ahead, the Company will continue to uphold its core values
of “Focus, Transcendence, and Win-Win”, remain true to its original
aspirations and strengthen its advantages. It will build brand reputation
through quality, gain market trust through service, and drive growth
through professionalism. By working hand in hand with its extensive
partners, the Company will strive towards becoming the “world's most
valuable provider of high-end precision connector solutions”, leading
a new wave of development in the domestic connector industry!
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Italy
WCON ELECTRONICS EUROPE SRL
Hefei
Hefei WCON Electronics Co., Ltd.
Kunshan
Hengyang
Kunshan WCON Electronics Co., Ltd.
Hengyang WCON Electronics Co., Ltd.
Dongguan
Thailand WCON Electronics Co., Ltd. (Headquarters)
WCON ELECTRONICS (THAILAND) CO., LTD. Dongguan WCON Automotive Electronics Co., Ltd.
Hong Kong
WCON HARDWARE ELECTRONICS LIMITED
Singapore
WCON ELECTRONICS (SINGAPORE) PTE. LTD.
WCON Headquarters Kunshan Hengyang Hefei Thailand
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Product Roadmap
Corporate Industrial Automation and Control: Series connectors featuring small pitch, ultra-low mating
Culture height, high-speed, and power-signal hybrid functionalities
Vehicles: Miniaturized, integrated, and high-performance series connectors; FARKA, MINI-FARKA,
automotive Ethernet and wiring harnesses, automotive TYPE-C wiring harnesses , 0.50mm power-
signal hybrid floating board-to-board ; FPC & FFC lightweight battery management system
connectors
New Energy: Series connectors with small volume, high current, high voltage, and waterproof/UV-
resistant properties
Emerging Fields: Data centers, servers, commercial vehicles, construction machinery, robotics,
energy storage, charging equipment, power supplies, medical devices, rail transit, urban and
building intelligence, etc.
Corporate Corporate
Values
Vision Mission
Become a global Meet the diverse Integrity-Driven
high-end precision needs of global Operations, Quality Future Outlook
connector and customers and First, Innovation-
customer solution create sustainable Driven Growth, 2026 Emerging Fields: Data centers and AI servers, artificial intelligence, and robotics and etc.
service provider to value for the Collaboration
lead technological connector industry for Win-Win
innovation and and society. Outcomes.
application
development.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Development Course
We increased capital
investment in the holding
subsidiary WCON
Automotive, and successfully
put Kunshan Intelligent
production, significantly
enhancing the Company's
subsidiary WCON
service response speed and
Automotive, we developed
We successively launched high-end stamping and injection supply chain security in the
high-frequency and
such products as Box molding equipment and East China market.
high-speed automotive
headers and Ejector expanded the mold processing
connectors such as Fakra,
Mini Fakra, and Ethernet to
used for solar inverters, held the founding conference
We developed expand our business field.
entered the new energy of the joint stock company and
automotive electronics
series products, further and establish as a joint stock
The predecessor of to enter the automotive
enriching the application company.
the Company, WCON field, and obtained
Hardware Electronics Co., the IATF 16949 quality scenarios of industrial 2026
Ltd., was established. system certification for control connectors.
The company name was
the automotive industry. changed from “WCON
Electronics (Guangdong) Co.,
Co., Ltd.” to break through
As the projects funded
geographical limitations and
by the initial public
highlight the Company's
national layout and
We were listed on the put into production,
international strategy.
the Shenzhen Stock relocated to the Daning
Exchange. Plant, expanding our
We secured UL (US) and We introduced the lean relocated to the Humen
facility to over 60,000
CUL (Canada) safety production management Plant, expanding our
square meters, further
certifications while mode, CAE product facility to over 30,000
improving the capacity of
launching the Wafer series development, and Model3D square meters.
intelligent manufacturing
products, significantly mold flow analysis
production.
expanding the portfolio. simulation software to
optimize production
management efficiency
and strengthen product
development capabilities.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Honors
Guangdong Provincial Enterprise
Guangdong Provincial Green Factory
Technology Center
Department of Industry and Information Technology
Department of Industry and Information Technology of Guangdong Province
of Guangdong Province
Outstanding Achievement Award in
Dongguan Skilled Master Studio in 2025 Connector Science and Technology in 2025
Human Resources and Social Security Bureau of
Guangdong Connector Industry Association
Dongguan
SSE Eagle - Gold Quality - ESG Award ESG Rating Upgraded to A Level in 2025
Xinhua News Agency, Shanghai Securities News,
WIND
www.cnstock.com
Annual Excellence Award for Investor
Annual ESG Value Communication Award
Relations Construction among Listed
among Listed Companies in 2025
Companies in 2025
Shenzhen ValueOnline Information Technology Co., Ltd.
Shenzhen ValueOnline Information Technology Co., Ltd.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Sustainable Development Governance
Sustainable Development To better align with global development trends, the Company actively responds to the UN Sustainable Development Goals (SDGs), formulating
sustainable development management objectives based on the core principles of the SDGs and its operational context. By collaborating with global
Goals and Vision enterprises and governmental agencies, the Company aims to address critical global challenges, including environmental protection, social equity, and
economic prosperity, to foster a more prosperous and sustainable future together.
Management
Production/Operation Supply Chain Employees Product Social Engagement
Level
SDGs
Further refine and implement the Require suppliers to sign integrity Improve the EHS management system Establish and optimize innovative Regularly organize community volunteer
environmental and hazardous substance and confidentiality agreements and to achieve the goal of zero work-related manufacturing bases while introducing activities
process control standards and systems continuously monitor their certifications of accidents industry-leading manufacturing and Create high-quality job opportunities
under the ISO 14001 and QC 080000 social responsibility-related systems Ensure unimpeded access to employee quality management software
certification systems Advocate peace and justice on a global
Integrate the requirements of sustainable complaint and reporting channels Further refine and implement the internal scale
Optimize the energy structure and development actions into supplier while regularly conducting anonymous quality control standards and systems
increase the share of clean energy audit criteria and establish a regular employee satisfaction surveys under the ISO 9001 and IATF 16949
Further optimize carbon emission communication and supervision Engage a third-party company to certification systems
management based on the ISO 14064 mechanism regularly conduct workplace environment Intensify R&D investment,
certification to achieve carbon reduction Provide suppliers with sustainable assessments to prevent occupational comprehensively optimize the R&D
goals development training resources and plans diseases environment, and significantly drive
Meet the standards for sewage detection Intensify professional training in technological innovation and product
information security and privacy upgrading
Strictly implement the waste management
system and explore new channels for protection Encourage R&D and technology iteration
Action in green products and clean technologies
waste conversion Continuously conduct the anti-corruption
Objectives
Implement the 3R concept and integrity training and achieve 100%
employee sign-off on the Anti-Corruption
Improve the corporate governance and and Integrity Agreement for Employees
internal control system and reduce the risk
of information leakage Implement a comprehensive employee
performance reform, clarify the promotion
Strengthen the business ethics pathways for each position, and create all-
management and training systems, ensure around on-job training opportunities
unimpeded access to anti-corruption
reporting platforms and channels, and Improve the level of employee benefits
establish a feedback loop for reporting
and resolution
Regularly conduct multi-channel
communication with stakeholders
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Sustainable Development Governance Structure
The Company has established a Strategy and Sustainable Development Committee under its Board of Directors and constructed a three-tier
ESG management structure consisting of the “decision-making level - planning level - implementation level”, fully leveraging the advantages
of each level. Through strategic decision-making by the Board of Directors, overall planning and management supervision by the Strategy and Sustainable Development Information
Sustainable Development Committee, and implementation of specific tasks by the ESG Task Force and various departments, the Company has Management Mechanism
formed a management system with a complete structure, clear hierarchies, and well-defined responsibilities, ensuring more standardized and
orderly sustainable development management. The Company is gradually establishing a sustainable
development information management mechanism that
covers multiple key topics, including innovation-driven
The leading and decision-making body for ESG initiatives, which growth, product and service safety and quality, response
Decision-
Board of Directors oversees the decision-making of the Company’s ESG strategy and to climate change, occupational health and safety, among
making Level
action plans. others, and continuously improving the ESG management
indicator repository. Each executing unit regularly collects,
organizes, analyzes, and reports relevant information and
data. Subsidiaries report on implementation progress in a
The research and guidance body for ESG initiatives, which conducts timely manner on an as-needed basis according to actual
research, analysis, and assessment on the Company's ESG matters circumstances. This enables the Company to promptly
Strategy and Sustainable grasp the operational status of its sustainable development
Planning Level (such as climate change, environmental management, and business
Development Committee governance mechanism, ensuring a clear understanding
ethics), regularly reviews the Company's ESG strategies, policies, risks,
target performance, etc., and examines the annual ESG report. and efficient execution of sustainable development goals
within the Company.
The implementation, administration and coordination body for ESG Sustainable Development Supervision
initiatives, which are composed of department heads and ESG liaisons and Assessment
from the Company and its subsidiaries, which is responsible for
ESG Task Force
providing assurance and professional support to fulfill work related to The Company has established internal and external audit
strategy and sustainable development, with the Company's Securities systems for sustainable development. Annual audits are
Department serving as the lead unit. conducted, corresponding improvement tracking plans are
Implementation developed based on audit reports, and the ESG Task Force
Level is tasked with coordinating and urging responsible units
The specific executing units for ESG initiatives, which are responsible to implement improvement measures until the successful
for promoting and implementing the daily management of ESG completion of each plan. Meanwhile, the Company plans to
Departments of the Company matters, including implementation and monitoring, regularly gradually break down sustainable development goals into
and Its Subsidiaries collecting, organizing, and promptly reporting on implementation specific indicators and incorporate these relevant indicators
progress, in accordance with the Company's sustainable development into the performance assessment systems of various
strategies and goals. departments. This will drive responsible departments to
implement the ESG concept in their work, comprehensively
enhance the Company's coordinated development level in
To strengthen the implementation of sustainable development strategies and further enhance the Company's influence and management level the ESG field, and provide strong support for achieving the
in the field of sustainable development, the Company has formulated institutional documents such as the Rules of Procedure for the Strategy Company's long-term stable development goals.
and Sustainable Development Committee of the Board of Directors, the Sustainable Development Management Manual, and the Environmental,
Social, and Governance (ESG) Management System. These documents standardize relevant operational processes and fully integrate ESG
requirements into the Company's daily operations and management.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Communications with Stakeholders
The Company places high importance on communication and exchange with stakeholders by conducting a stakeholder identification process based on business operations, and has identified seven core stakeholder groups. By
establishing diversified communication mechanisms, the Company gathers and responds to stakeholders’ expectations and suggestions systematically.
Stakeholders Communication Channels Topics of Concern Response
Corporate Governance Improvement of Corporate Improvement of Profitability
Shareholders’ Meeting Performance Briefings Compliance Compliance and Risk Control Governance Improving the Sustainable
Shareholders and Investors
Information Disclosure Investor Research Reception Protection of Shareholders’ ESG Governance Strengthening Investor Development Management
Rights and Interests Relations Management System
Offering Clear Career
Improving Compensation
Employee Activities Training and Development Development Channels
Labor Union Committee Protection of Employees' and Benefit Systems
Employees Employee Satisfaction Legal Rights and Interests Occupational Health and Ensuring Employees’
Employee Training Establishing an Employee
Surveys Safety Occupational Health and
Training System
Safety
Implementing Transparent
Supplier Assessment and Anti-commercial Bribery Improving the Supplier Procurement
Suppliers Supplier Communication Supply Chain Security
Audit and Anti-corruption Management System
Supplier ESG Managemen
Adhering to Product Quality Strengthening Innovation
Customer Communication Customer Satisfaction Innovation-Driven Growth
Product and Service Safety Management Capabilities
Customers and Feedback Channels Survey Data Security and Privacy
and Quality Improving Customer Service Strengthening Information
After-sales Service Industry Exchanges Protection
Management Security Management
Industry Associations or Industry Exchanges
Industry-university-research
Innovation-Driven Growth
Product and Service Safety Strengthening Innovation Adhering to Product Quality
Research Institutions Cooperation and Quality Capabilities Management
Social Organizations, Media Community Public Welfare
Media Communication Contribution to Society ESG Governance Providing Local Job Opportunities
and the Public Activities
Cooperating with
Government Research Improving the
Governmental or Regulatory Special Reports
Environmental Compliance Corporate Governance
Environmental Management Compliant Operation
Agencies Compliance Supervision Management Compliance
System
Investigation
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Management of Material Topics
The Company has formulated the Procedures for Determining Material Sustainability Topics by referring to the assessment methods stated in domestic and international disclosure standards such as the Self-Regulatory Guidelines
No. 17 for Companies Listed on Shenzhen Stock Exchange - Sustainability Report (For Trial Implementation). This document is applied for systematically identifying, assessing, and determining sustainability-related topics that have
a significant impact on the Company's own operations and value creation, as well as the judgment and decision-making of stakeholders, with the specific implementation steps as follows:
Assessment
Step 1: Understand the Company's
Process of Step 2: Conduct preliminary topic screening Step 3: Assess the materiality of topics Step 4: Confirm material topics
background
Material Topics
trends and conduct macro- Guidelines No. 17 for Companies Sort through the potential or impact materiality and financial
environment analysis of China's Listed on Shenzhen Stock actual positive or negative materiality, and ensure that the
industry development trends Exchange - Sustainability Report impacts of each topic on the relevant topics are transparently,
(For Trial Implementation), external environment, society, fairly, and comprehensively
UN Sustainable Development and economy, and conduct a disclosed in the report.
industry
Goals (SDGs), SASB, MSCI, and survey analysis of stakeholders
Company's business model and international peers, identify a total of 208 questionnaires
the Company and the impacts, establish a sustainability topic impact materiality.
risks, and opportunities the library.
Assessment Company faces 3-2: Assess financial materiality
Method Through the analysis of
impacts, dependencies, and
other factors, in combination
with survey results and expert
judgments and risk identification
and assessment lists from
departments, identify and assess
risks and opportunities under
each relevant topic and identify 5
issues with financial materiality.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Material Topic Library Assessment Result of Topic Materiality
Based on the analysis results of industry standard and stakeholder feedback from returned surveys,
Dimension Topics we identified key topics in two dimensions of "impact materiality" and "financial materiality" to form a
matrix of material topics in 2025.
Dual Materiality Assessment and Analysis
Environmental Compliance Pollutant Emissions
Very High Materiality
Management Environmental Protection of
Waste Disposal
Compliance Employees' Legal
Energy Utilization Ecosystem and Biodiversity Management Rights and Interests
Water Resource Training and
Response to Climate Change Conservation
Environmental Utilization development
Water Resource Utilization Pollutant Emissions Occupational Health
Waste Disposal and Safety Energy Utilization
Protection of Data Security and Response to Climate Change
Materiality to Economic, Social, and Environmental Impacts
Shareholders’ Rights Privacy Protection Innovation-Driven Growth
and Interests Conflict Minerals Product and Service Safety and Quality
Corporate Governance Supply Chain Security
Compliance
Compliance and Risk
Control
Anti-commercial
Protection of Employees' Data Security and Privacy
Bribery and Anti-
Legal Rights and Interests Protection corruption
Training and Development Supply Chain Security
Occupational Health and Conflict Minerals
Safety Contribution to Society
Social Innovation-Driven Growth Rural Revitalization
Product and Service Safety Ecosystem and Biodiversity Conservation
and Quality Due Diligence
Communications with Stakeholders
ESG Governance
Contribution to Society
General Materiality
Rural Revitalization
Protection of Shareholders’ Due Diligence
Rights and Interests Communications with
General Materiality Very High Materiality
Corporate Governance Stakeholders
Compliance ESG Governance
Materiality to Corporate Finance
Compliance and Risk Control
Governance
Anti-commercial Bribery and Note: To ensure the relevance of the Report, the Company prioritizes core risks and opportunities related to connector
Anti-corruption manufacturing during topic screening, excludes topics with low relevance, and discloses information in accordance with
GRI standards. Topics such as technology ethics, ecosystem and biodiversity conservation, and equal treatment of small
and medium-sized enterprises fall under disclosure topics for specific stakeholders that the Company does not currently
engage in, and thus, relevant content will not be disclosed.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Sound Governance, Responded
Sustainable Development Topics
Corporate Governance Compliance
WCON consistently upholds compliance as its cornerstone and
responsibility as its guiding principle, continuously improving the Protection of Shareholders' Rights and Interests
corporate governance structure, perfecting the internal control and Compliance and Risk Control
risk management mechanism, strictly upholding business ethics, and Anti-commercial Bribery and Anti-corruption
effectively protecting the legitimate rights and interests of shareholders.
Data Security and Privacy Protection
Through these comprehensive efforts, we solidify the foundation for
development and promote long-term, stable corporate growth.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Party Building Work
On September 17, 2025, upon approval from the CPC
Humen Town Committee, the Company formally established
the CPC Branch Committee of WCON Electronics Co., Ltd.
Meanwhile, in strict accordance with inner-Party laws and
regulations such as the Regulations on the Work of CPC
Branches (for Trial Implementation), a basic work system
framework was initially established, including the "Three
Meetings and One Lecture" System, the Theme Party Day
System, and the System for Organizing Life Meetings and
Democratic Evaluation of Party Members.
During the reporting period, the Company convened a
general meeting of Party members, completed the election
of the Party branch secretary, and further improved
organizational construction; organized thematic Party
lessons on the Constitution of the Communist Party of
Study of Party Lessons General Meeting of Party Members
China to strengthen Party members' awareness of purpose
and discipline; and organized a themed Party day activity
called "Learn Business at the Frontline, and Be a Pioneer
in Your Post," allowing participants to deeply appreciate
the precision technologies and rigorous requirements of
connector manufacturing through immersive learning,
further consolidating the ideological consciousness and
practical consciousness of integrating Party member
responsibilities into the Company's "quality lifeline" and
"technological innovation chain."
In the future, the Company's Party branch will continue
to deepen the creation of the Party building brand of
"Precision Connection · Pioneer Leadership", promote the
deep integration of its connotation with the Company's
mission and vision, and further promote the deep
integration of Party building with business operations,
its close connection with employee care, and its organic
integration with ecological collaboration. Through Party
building, the Company takes the lead in high-quality
enterprise development, injecting a continuous stream of
Party-building-driven momentum into achieving a more Party Branch Plaque Themed Party Day Activity
sustainable and competitive future.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Corporate Governance Shareholders’ Meeting
Board of Directors
In strict accordance with the requirements of laws,
regulations and normative documents such as the Company
Law and the Securities Law, the Company took improving
corporate quality as its work goal and systematically Nomination Committee Compensation and Appraisal Committee Strategy and Sustainable Development Committee Audit Committee
and continuously optimizes the internal control system,
forming a corporate governance system with clear rights
and responsibilities, distinct functions, mutual checks and
balances, scientific decision-making, and standardized Shareholders’ Meeting
operation.
During the reporting period, the Company strictly complied with the requirements of laws, regulations and normative documents such as the Company Law,
To adapt to new regulatory requirements and the
the Securities Law, and the Rules for Shareholders' Meetings of Listed Companies. In accordance with the internal provisions of the Articles of Association
Company's development strategy, during the reporting
and the Rules of Procedure for Shareholders' Meetings, it standardized the management of the entire process, including the convening, holding, proposal
period, the Company completed the revision of 36 internal
deliberation and voting procedures of the Shareholders’ Meeting. The Shareholders’ Meeting was convened by combining an on-site meeting and online
control systems, including the Articles of Association,
voting, providing convenient voting channels for all shareholders, especially minority shareholders, to participate in the Company's major decisions, ensuring
the Rules of Procedure for Shareholders' Meetings, the
that the legitimate rights and interests of shareholders, such as the right to know, the right to participate, and the right to vote, could be exercised equally
Related Party Transaction Decision-Making System, the
and fully. To ensure the legality and compliance of the procedures, the Company engaged practicing lawyers to attend and witness the Shareholders’ Meeting,
External Investment Management System, and the External
and issued clear legal opinions on the legality of the convening and holding procedures and the validity of the voting results.
Guarantee Management System, further clarifying the
boundaries of rights & responsibilities, and decision- During the reporting period, the Company convened a total of one annual Shareholders’ Meeting and two Extraordinary Shareholders’ Meeting, all of which
making processes at all levels. At the same time, in light of were duly convened by the Board of Directors in accordance with the law. All proposals submitted to the Shareholders’ Meeting for deliberation strictly
the Company's actual development needs, it added two followed the prior internal review procedures, and there were no violations such as unauthorized approval, implementation before review, or omission of
new systems, the Public Opinion Management System and review, effectively safeguarding the legitimate rights and interests of all shareholders.
the ESG Management System, filling institutional gaps and
strengthening sustainable development and public opinion
risk management capabilities. Board of Directors
The Board of Directors is responsible to the Shareholders' Meeting, fully plays its core role in decision-making, deliberates on material matters in the
During the Company's business activities, and makes decisions or submits them to the Shareholders' Meeting for deliberation. The Company formulates the Rules of
Reporting Period Procedure for the Board of Directors to strictly regulate the meeting procedures and decision-making processes of the Board, and urges the directors and
the Board to effectively fulfill their duties. During the reporting period, the Company strictly complied with the requirements of relevant laws, regulations and
and composition of the members of the Board of Directors met the requirements of relevant laws, regulations and supervision.
proposals deliberated and approved;
Specialized Committees of the Board of Directors
deliberated and approved. The Board of Directors has four specialized committees: the Nomination Committee, the Compensation and Appraisal Committee, the Strategy and Sustainable
Development Committee, and the Audit Committee. Each committee has formulated comprehensive rules of procedure and working details, conducting professional
research, review and evaluation on core areas such as director selection and appointment, compensation incentives, strategic planning, and financial internal control,
ensuring the standardization and scientific nature of major decision-making processes.
Among them, independent directors account for 1/3 of the Strategy and Sustainable Development Committee, and for more than half of the members of any other
committee.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
During the
Reporting Period
Diversity
The Audit Committee convened 11 meetings and deliberated 34 The Company emphasizes the diversity of the composition of the Board of Directors. In the selection and appointment process,
proposals.
it strictly reviews the directors' educational backgrounds, work experience and professional qualifications. The Nomination
Committee under the Board of Directors evaluates the composition of the Board from dimensions including professional skills,
knowledge structure, and work experience to ensure its diversity and professionalism. The professional backgrounds of the
The Nomination Committee convened 2 meetings and deliberated 3 Company's directors cover fields such as business management, accounting, and engineering, aligning with the Company's
proposals. development strategy.
The Compensation and Appraisal Committee convened 2 meetings and Remuneration Management of Directors and Senior Executives
deliberated 3 proposals.
To gradually establish an incentive and constraint mechanism that meets the requirements of the modern enterprise system
and adapts to the market economy, and to reasonably determine the compensation levels and payment structures for the
Company's directors and senior executives, the Company formulates the Remuneration Management System for Directors and
The Strategy and Sustainable Development Committee convened Senior Executives in accordance with the relevant provisions of the Company Law and the Articles of Association. This ensures
meetings and deliberated 2 proposals. that the Company's directors and senior executives can actively and effectively perform their corresponding duties and
obligations, promoting the healthy, sustainable and stable development of the Company.
During the reporting period, the Company formulated and approved the Remuneration Plan for Directors, Supervisors and
Senior Executives in 2025. The remuneration of the Company's non-independent directors and senior executives consists of
basic salary and year-end bonus, which is received according to their specific job positions in the Company, in accordance
with the remuneration management regulations and other relevant supporting compensation assessment systems. Non-
independent directors do not receive additional director allowances.
Independence and Diversity
Independence Independent directors Independent directors allowances
The Company formulated the Working System for Independent Directors, strictly
appointed 2 qualified experts as independent directors in accordance with
regulations, accounting for more than 1/3 of the total number of members of the
Board of Directors. Independent directors perform their duties independently and Non-independent directors, Basic salary, year-end bonus
are not influenced by the Company, its major shareholders, actual controllers or and senior managers
other units or individuals.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Investor Relations Management and Protection of Shareholders' Rights and Interests
Information Disclosure During the
Reporting Period
To proactively adapt to market regulatory trends, during the reporting period, the
Company systematically revised the Information Disclosure Management System, the
Information Disclosure Postponement and Exemption System, the Insider Registration 59 announcements were disclosed, including 6 periodic reports and 53 interim
Management System, and the Internal Reporting System for Material Matters. It clarified announcements. The number of penalties imposed for violations of information disclosure
the reporting methods and processes for internal material matters of the Company,
strictly standardized information disclosure behaviors, to ensure the truthfulness, regulations was
accuracy, completeness and timeliness of information disclosure. At the same time, it
continuously strengthened its emphasis on the confidentiality of inside information,
ensuring the entire process of transmission, review and disclosure of inside information
is legal and compliant, preventing insider trading from the source, thereby effectively
protecting the rights and interests of all shareholders and laying a solid foundation for
the Company's stable operation and the enhancement of market credibility.
Public Opinion Management in Capital Markets
To improve the Company's capability to respond to various types of public opinions,
establish a rapid response and emergency handling mechanism, and promptly and
properly handle the impact of various public opinions on the Company's commercial
reputation, normal production and operation activities, and investment value, effectively
safeguarding the legitimate rights and interests of the Company and its stakeholders,
the Company formulated the Public Opinion Management System in accordance with
relevant laws and regulations and the relevant provisions of the Articles of Association,
standardizing the public opinion monitoring and management process. Monitoring and Research and Response and Review and
The Company established a public opinion response management task force, Early Warning Verification Handling Optimization
with the Company's Chairman as the leader, responsible for the overall command,
coordination and final decision-making of public opinion work; the Board Secretary
as the deputy leader, with members composed of the Company's senior executives,
heads of relevant departments, and heads of subsidiaries; the Securities Department,
as the lead department, assists the task force in public opinion information collection,
including real-time monitoring of stock prices and public opinion, immediately
initiating emergency procedures when trigger mechanisms are activated, organizing Public Opinion Monitoring Management Process
internal investigations and information verification, drafting and issuing external
announcements and statements, filing with the stock exchange, and communicating
with regulatory authorities.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Investor Relations Management
To enhance the standardization of investor relations management, the Company, in accordance with relevant provisions of the Company Law, the Securities Law, and the Guidelines on Investor Relations Management for Listed
Companies, revised and improved the Investor Relations Management System and the Measures for the Management of Media Interviews and Investor Research Engagement Reception during the reporting period, clarifying the
reception procedures, responsible departments, and response rules for various types of researches and interviews, striving to ensure the quality and efficiency of investor relations work. The Company always adheres to the core
principles of honesty and trustworthiness, compliant disclosure, full transparency, equal opportunities, efficiency and pragmatism, and interactive communication, maintaining close interaction with investors through multi-channel
and multi-level communication mechanisms, effectively safeguarding investors' right to know and legitimate rights and interests, and further enhancing investors' understanding and value recognition of the Company.
During the
Reporting Period
Company Shareholders' Performance
Company website
announcements Meeting briefings
Investor
The Company received investors' on-site research engagement activities many
Communication Interactive Easy Daily communication (phone, email
Investor Open Day
Channel Platform and meetings) times, held a total of
reception day event, and held 3 "Investors Visiting Listed Companies" activities;
Case 2025 Investor Open Day Replied to over 150 investor calls and emails;
On May 22, 2025, the Company held its 2025 Investor Open Day at
its Dongguan headquarters, with more than 30 investors from several
Published 10 records of investor relations activities;
leading institutions gathering together. After the symposium, investors
visited various production and manufacturing workshops and energy-
saving renovation projects, gaining an in-depth understanding of
the Company's practices in green manufacturing and intelligent
Answered 303 questions on the Interactive Easy platform with a reply rate of
manufacturing, and obtaining a more intuitive understanding of the 100%.
Company's technical strength, production management, and sustainable
development concepts.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Shareholder Returns
While intensifying efforts in its own business development, the Company has always attached great importance to shareholder value returns and actively promotes the formulation and implementation of profit distribution plans.
In line with the relevant guidance of the China Securities Regulatory Commission encouraging listed companies to implement cash dividends and provide investors with stable and reasonable returns, the Company successfully
implemented the 2024 profit distribution plan and the semi-annual profit distribution plan for 2025 during the reporting period, based on core factors such as its actual operating conditions, profitability level, and share capital
scale. In the future, it will continue to repay the trust and support of its shareholders with practical actions.
Proportion of Net Profit
Cash Dividend Per Share Total Cash Distribution In 2025
Attributable to Shareholders
(Including Tax) (RMB/Share) (Including Tax) (RMB 10,000)
of the Parent Company (%) The Company plans to distribute a cash The total cash dividend to
dividend of RMB 3.00 per 10 shares be distributed will amount to
It is proposed to increase the share Upon the completion of the proposed
share capital increase, the Company's
capital by
total share capital is expected to
the capital reserve.
increase to 159,345,711 shares.
Note: The final number of bonus shares issued through capitalisation of capital reserve shall be subject to
the actual results processed by China Securities Depository and Clearing Corporation Limited.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Risk Management and Internal Control
First Line of Defense (Functional Departments)
Governance Structure
The Company's Board of Directors is the highest Identify and assess risks in business processes, and determine risk response plans; design and improve internal control measures,
decision-making body for risk management, promote the implementation of control systems and rectification of deficiencies; timely report major internal control issues; cooperate
responsible for the effectiveness of risk with the investigation and handling of internal control failures.
management, coordinating the construction and
effective implementation of the risk management
system. It determines the Company's overall
Second Line of Defense (Company Management)
risk management objectives, risk appetite, and
risk tolerance, approves basic risk management
systems, strategies, and major risk control plans,
Execute the Board's risk strategy; promote the daily management of comprehensive risks, ensuring risks are within
understands major risk situations and makes
acceptable tolerance levels; establish an internal risk responsibility and major risk emergency mechanism; foster the
effective relevant decisions, and it also approves
Company's risk management culture.
relevant reports and major risk control matters.
The Company has compiled the Risk
Management Control System, constructing a risk Third Line of Defense (Internal Control and Risk Management Leadership Group)
management system covering risk categories
including strategy, operations, finance, legal
compliance, and market. It has established three Review financial controls and the related internal control system; supervise risk management and the related
lines of defense to inspect and supervise the internal control system; organize special audits; deliberate risk management objectives and response measures;
risk management of the Company's various work report key risk matters to the Board of Directors.
processes.
Three Lines of Defense in Risk Management
Risk Management Process
The Company and its holding subsidiaries comprehensively, systematically, and continuously collect and analyze internal and external information that
may affect the Company's operation and management, identify risks that may impact the Company's strategy and business objectives, and plan response
measures to ensure the achievement of the Company's established policies, objectives, indicators, and expected results, achieving continuous improvement
of the management system. This framework has already covered ESG-related risks, such as climate transition risks, with details available in the chapter "Green
Operations for a Low-Carbon Future". Through collaborative management with the EHS Task Team and the Company's carbon emission system department, risks
are ensured to be controllable.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Risk Identification Case Special Training Activity on the Risk Management and Control
Using a combination of qualitative and quantitative methods, the Company
assesses the possibility and impact of risk occurrences, analyze and
prioritize various risks (including strategic, financial, market, operational,
and legal risks), determining priority control focuses, and carefully evaluate
the overall risk level while considering the correlation of risks.
Risk Assessment
The Audit Department is responsible for organizing and carrying out risk
assessments on the collected initial risk management information and the
Company's important business processes.
Risk Response
Based on risk responsibility allocation and overall strategy, the relevant
department formulates a control plan for each major risk. Functional
departments and holding subsidiaries need to refine and implement Internal Control
specific control measures based on the Company's unified specifications.
To standardize the Company's internal control, improve the Company's operation and management level and risk prevention
capabilities, and promote the Company's sustainable development, the Company has formulated the Internal Control
Management System, which stipulates clear provisions on matters such as related party transactions, the use of raised
funds, external guarantees, significant investments, information disclosure, and the management of subsidiaries. During the
reporting period, under the leadership of the Board's Audit Committee, the Company's Internal Audit Department completed
Risk Monitoring
the internal audit for risk management in 2025. Upon review, no material irregularities were identified.
Establish cross-level and cross-departmental information communication
channels throughout the entire risk management process to ensure Tax Management
information is timely, accurate, and complete, supporting risk supervision
and improvement. Focus on checking whether changes in the internal and The Company complies with relevant tax laws and regulations, formulates the Financial Management System based on the
external environment trigger new risks or lead to significant changes in risk Company's actual situation, and strictly manages various tax affairs. It clearly stipulates that the Finance Department is
ratings through daily monitoring. responsible for tax declaration, tax accounting, and tax planning; the General Ledger Tax position is responsible for national
and local tax declarations and tax exemption, deduction and refund declaration matters, and follows up on changes in tax
policies, reducing the enterprise's tax-related risks. During the reporting period, the Company made a total tax payment of
Risk Management Procedure RMB 37,435,400.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Compliant Operations and Business Ethics
Compliance Management
Compliance Control Measures
Compliance management is the cornerstone for an enterprise to achieve sustainable
development. To effectively prevent and control compliance risks, the Company Standardized Compliance Culture Strengthen Information Enhance Supervision
has formulated the Compliance Management System and established a sound Operating Mechanism Construction Control and Management and Accountability
compliance management system, including basic links such as setting up a compliance
Establish a compliance risk Incorporate compliance Incorporate the compliance The Company's Audit
management department, establishing compliance systems, improving operating
identification, assessment, and early management into the annual regulations, typical cases, Department and Securities
mechanisms, cultivating a compliance culture, and strengthening supervision and
warning mechanism special learning topic compliance training, records of Department monitor the
accountability, so as to improve the Company's level of management of legal and
Embed compliance review as a Establish a normalized non-compliant behaviors, etc., implementation of compliance
compliant operations.
necessary procedure in the operation compliance training mechanism into the information system requirements, investigate non-
and management process Strengthen the compliance Regularly review the business compliant behaviors, and pursue
Each functional department publicity and education, processes to identify the accountability in accordance with
Compliance Management Organizational Structure establishes a rectification mechanism promptly release compliance compliance risk points and relevant regulations and within
for non-compliance issues manuals, and organize strengthen compliance reviews their respective authorities.
Specifically implement the compliance
Establish and improve a coordinated the signing of compliance at critical junctures
decisions of the Board of Directors,
operation mechanism for compliance commitments Realize the interconnection,
responsible for the construction of
management, legal affairs data sharing, and common
the compliance management system,
management, internal control, risk use between the compliance
approval of systems, response to
management, etc., in combination management information system
major risks, and daily supervision.
with the actual situation and other information systems
Take the lead in being responsible Regularly carry out an effectiveness for finance, investment, and
Management
for the Company's compliance evaluation of the compliance procurement
Level
management work, performing management system
duties such as drafting systems,
compliance review, compliance
risk identification and response,
accepting non-compliance
reports, and conducting
Compliance Management Case
Department compliance training.
Implement In 2025, the Company carried out a number of training
compliance risk activities for all employees, including risk and compliance
assessment, management, anti-commercial bribery and anti-
compliance corruption, anti-monopoly and anti-unfair competition
review and other promotion and training. Through the training, employees'
work based on compliance awareness was comprehensively improved,
Functional Departments departmental and the business ethics were strictly followed.
conditions.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Anti-commercial Bribery and Anti-corruption
Governance System Risk Management Process
The Company and its affiliated companies adhere to responsible business The Company has established a risk management process for integrity and commercial bribery. Through methods such as internal
principles, and strictly comply with laws, regulations and business ethics, self-inspection, external investigation, and accepting reports, it comprehensively identifies potential bribery risks covering
formulating the Integrity and Anti-bribery Policy. It applies to all employees, senior procurement, sales, and marketing activities, formulates targeted response measures, and continuously strengthens anti-corruption
executives, directors, and external third parties engaged in business with the risk management.
Company, urging them to strictly abide by this Policy and prohibiting all forms
of bribery and corruption. The Company establishes an audit team responsible
Supervisory Measures
for formulating and implementing the Company's anti-bribery policy, supervising
and coordinating the compliance work of various departments, and ensuring
The Company adopts and implements a series of supervisory measures to effectively prevent and detect corruption and bribery.
that the Company meets compliance requirements in all business areas. During
During the reporting period, no litigation events occurred as a result of commercial bribery or corruption.
the reporting period, the Company organized and carried out training on topics
related to anti-commercial bribery and anti-corruption, effectively enhancing the
integrity awareness and risk prevention capabilities of all employees, and actively
fostering a clean and upright working atmosphere.
Sign the Agreement for Integrity and Self-discipline of Employees with employees and the Integrity Agreement with
business partners to institutionally prevent the occurrence of corruption;
During the
Reporting Period Interview employees in key departments and sensitive positions, including middle-level managers and senior leaders,
and conduct questionnaires on corporate integrity, ethics, and commercial bribery for employees in key departments
at different levels to gain in-depth insights into employees' genuine thoughts and actual situations, strictly controlling
The completion rate of the Company's business ethics and internal and preventing any potential conflicts of interest;
control training and promotion was 100%, and the coverage rate of Conduct self-examinations by irregularly reviewing relevant contracts, reimbursement vouchers, and other materials,
directors and management receiving anti-commercial bribery and anti-
and analyzing business data of key positions and sensitive links;
corruption training was 100%.
Standardize the management of gift acceptance and entertainment expenses to prevent commercial bribery through
improper gifts and entertainment;
Implement a job rotation system and a nepotism avoidance policy for key positions to prevent the abuse of power and
the occurrence of commercial bribery.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Integrity Whistleblowing Mechanism
Reporting Channels
The Company attaches importance to whistleblowing management and whistleblower protection,
actively creating a safe and trustworthy whistleblowing environment. The Company has formulated
Phone: 0769-85358920-6075
the Whistleblowing Management Measures and established dedicated whistleblowing channels
to receive whistleblowing information from all parties. Any relevant person aware of any actual
or suspected violation of the Integrity and Anti-bribery Policy can report the relevant incidents in Email: Hrdg02@wcon.com
accordance with the established process. The Audit Team will initiate appropriate actions for alleged
misconduct, improper behavior, or fraud. At the same time, the Company requires that the receipt,
WeChat Public Account: Clean WCON
investigation, investigation results, and other related content of reported cases be properly recorded
and documented for retention.
Mails or in-person reports: Audit Department, WCON Electronics
Co., Ltd., No. 15 Wenming Road, Daning, Humen Town, Dongguan,
Guangdong
Whistleblowing Handling Process
Receipt and Report Preliminary Investigation Report
Registration Distribution Analysis upon Filing Transfer
Anti-monopoly and Anti-unfair Competition
To enhance the ability to prevent, control and deal with anti-monopoly and anti-unfair competition compliance
risks and solidify the foundation for law-abiding and compliant operations, the Company has formulated systems
such as the Anti-unfair Competition Compliance Management System and the Anti-monopoly Compliance
Management System. It strictly reviews links such as market promotion, sales strategies, customer acquisition and
maintenance, product quotation, and various contracts, explicitly prohibiting the use of unfair competition means
such as confusing acts, false publicity, commercial defamation, infringement of trade secrets, and unfair prize-
Rewards and Communication Case Case giving sales in marketing.
Punishments and Feedback Closure Pending
The Company establishes a continuous supervision mechanism to monitor market dynamics, industry competition
during the
conditions, changes in laws and regulations, and the Company's own behaviors. It uses data analysis tools
Whistleblowing
to analyze the Company's own market behaviors and data, identify potential risk points, regularly review the
effectiveness of risk management measures, and adjust strategies based on the actual situation to ensure that the
enterprise always meets the requirements of anti-monopoly and anti-unfair competition.
The Company supports both named and anonymous reporting, strictly safeguards the safety and The Company regularly organizes anti-unfair competition training for marketing personnel, covering relevant laws
interests of whistleblowers, and keeps the reported information confidential. Rewards are provided and regulations, internal corporate rules, and case studies. During the reporting period, no incidents of unfair
to individuals whose recommendations are effective or whose reports are verified to be true. competition took place at the Company.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Data Security and Privacy Protection
Adhering to the philosophy of "prevention-first, comprehensive governance, security, assured security, and continuous improvement", the Company deeply integrates security with business, and continuously optimizes and
improves its security management strategies to actively respond to challenges brought by new technologies and new businesses. It also builds a comprehensive, multi-layered information security protection system to effectively
safeguard the absolute security of the Company's internal core business data, operational information, and customer privacy. During the reporting period, no incidents of data security breaches or customer privacy breaches were
reported at the Company.
Data Security Management Data Security Risk Management
The Company strictly complies with relevant laws and regulations,
Risks
formulating the Information Security Protection System to clarify
core requirements such as data classification and grading, access Risk Risk Analysis
control, data storage, network security, and audit monitoring, Description Potential Impact Management Measures
Category Severity Frequency
which comprehensively standardizes the security protection of
Deploy next-generation firewalls and intrusion
the entire information processing process, and effectively ensures Hacker attacks (e.g., Business interruption losses (decline in
detection systems.
the confidentiality, integrity and availability of the Company's core Cyber phishing, ransomware), DDoS revenue).
Attack attacks leading to system Customer trust crisis.
data during collection, transmission, exchange, processing, and Automated vulnerability patch management,
paralysis or data theft. Regulatory fines (e.g., GDPR violations).
storage. monthly vulnerability scanning.
Leakage of customer/ Implement daily data classification and grading
At the same time, the Company establishes an IT Department, employee private data management with automatic alerts for violations.
composed of an information security officer and operations due to internal negligence Legal lawsuits and fines. Encrypt and anonymize company sensitive data,
Data
or external intrusion, 5 3 Damage to brand reputation. and adhere to the principle of least privilege for
and maintenance personnel, responsible for the daily security Leakage
violating regulations such Customer churn. management.
management of business systems and data, carrying out security as the Personal Information IT Department conducts monthly information
risk assessments, security project implementation, contingency Protection Law. security reviews.
drills, etc., and promptly proposing improvement suggestions for Deploy data leakage prevention systems.
problems encountered during business development, ensuring Monitor employee behavior and control their
Employee misoperation,
the security of the Company's data and information assets with Leakage of core intellectual property. permissions.
Insider malicious deletion, or
an efficiently operating management system. The Company also Threat unauthorized access to
Failure in compliance audits. assessments.
regularly organizes training on information security knowledge core data.
Retain logs of all privileged employee actions, and
and conducts training tests to enhance employees' information conduct bi-annual permission reviews.
security awareness and professional level. Security vulnerabilities in Supply chain interruption affecting
Supplier information security qualification
certification (e.g., ISO 27001).
Supply third-party suppliers (e.g., delivery of existing products.
Clearly define security responsibility clauses in
Chain cloud service providers, and 4 2 Associated legal liability (e.g., a supplier
service contracts.
Risk outsourced development) leaks customer data).
Focus on information security in annual audit and
During the leading to associated risks. Increased system remediation costs.
evaluation of key suppliers.
Reporting Period
Off-site offline data backup.
Data loss due to theft of data Risk of permanent data loss.
Physical Physical environment monitoring and regular
Number of relevant training sessions conducted Security
center equipment or natural 3 1 High cost of disaster recovery.
inspections (access control, temperature and
disasters (fire, flood). Regional service shutdown.
humidity sensing).
New attack methods bypassing
Misuse of AI technology (e.g.,
conventional defenses.
Total investment in data security Emerging
deepfake attacks), quantum
Encryption system failure leading to Annual technology risk seminars, actively monitoring
computing potentially 4 1
Threats global risks. cutting-edge AI technologies.
RMB cracking existing encryption
Lagging technology iteration affecting
algorithms.
competitiveness.
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Data Security Practices
To ensure data security and compliant operations, the Company has taken measures in terms of technology, management, and personnel awareness during its actual
business operations. By continuously strengthening data asset protection measures, it has effectively safeguarded its reputation and customer trust, laying a solid and
reliable foundation for long-term sustainable development.
Establish a Data Encryption Module: Utilizing the IP guard encryption system to encrypt contract information of partners, as well as personal privacy
Tipray Green Shield Encryption System
Data Security data of customers and employees;
Protection Access Control and Identity Authentication Module: Implementing multi-factor identity authentication mechanisms and role-based access
Platform control (RBAC).
Physical Security Protection: Considering geographical safety in site selection for the data center, equipped with physical protection facilities
Build a Data such as automatic alarm systems and surveillance cameras. By deploying an environmental monitoring system, real-time monitoring of
Center servers and storage is conducted to ensure equipment operates under suitable environmental conditions;
Network and System Security Configuration: Constructing a secure network architecture and deploying server security protection software.
Implement Firewall and Intrusion Detection/Prevention Systems: Deploying firewalls and regularly updating rule and signature libraries for firewalls and
System IDS/IPS;
Security Application Security Protection: Conducting security development training for various business applications developed by the Company and
Protection deploying Web application firewalls for applications.
Data Center
Periodically Hardware Equipment Health Checks: Developing inspection plans and regularly conducting health checks on servers, storage devices, and
Test Critical network equipment storing critical data;
Data Hardware Redundancy and Backup Equipment Testing: Adopting redundancy designs for key data hardware equipment and conducting regular tests
Equipment on data backup equipment.
Periodically Functionality and Performance Testing: Regularly conducting functionality tests on key data systems and evaluating their performance;
Test Key Data Security Vulnerability Testing: Regularly conducting security vulnerability tests, establishing a security vulnerability management mechanism,
Systems and tracking and managing identified security vulnerabilities.
Sangfor Firewall
Case Emergency Drill for Cyber Network Attacks
On August 19, 2025, the Company organized an emergency drill on cybersecurity under the theme of "File Server Under External Attack". By simulating potential cybersecurity incidents, the drill was designed to test and
enhance the Company's rapid response and overall coordination capabilities in handling emergencies. It also helped the Company further improve the coherence and feasibility of the interface between various accident plans
and emergency response measures, so as to ensure the stable operation of the Company's computer systems and information security.
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Customer Privacy Protection
The Company continuously strengthens technical and management safeguards for customer privacy protection. Through system audits, permission classification, encryption protection, vulnerability scanning and terminal security
management, the Company strictly prevents and controls risks such as customer information leakage, tampering and unauthorized access. It maintains open customer feedback channels and responds to privacy-related requests
in a timely manner. The Company continues to improve its security systems and technical protection measures, enhances employee security awareness, and makes every effort to safeguard the security of customers' private data
and protect their legitimate rights and interests.
Encrypt Customer Data
Automatic encryption strategies are applied to customer data
stored by the Company, with control levels set for decryption
permissions. When permission levels do not match, file contents
remain encrypted and unreadable.
Control File Access Permissions
Control the permissions of the file directories storing user data
information, set different permission categories, and allocate them
according to business needs.
File Access Audit
Record the operation activities related to user data and the
corresponding users. The audit system will trigger alerts and
record non-compliant operations to ensure the security of user file
directories.
The Company has established an emergency response mechanism that specifies the response procedures in the event of a privacy data breach, including the incident reporting mechanism, responsibilities of the emergency
response team, and communication methods with customers and regulators. For high-risk business activities or partnerships, the Company transfers part of the risks by purchasing appropriate insurance (such as cybersecurity
insurance). In the event of an actual or potential data breach, the Company will immediately take effective measures to prevent further data leakage, and continuously improve the Company's data security and privacy protection
strategies, procedures and technologies based on the actual situation of risk monitoring and response.
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Green Operations for a Responded
Low-carbon Future Topics
Response to Climate Change
Environmental Compliance Management
Pollutant Emissions
WCON adheres to the concept of green development, actively
Waste Disposal
responds to the challenges of the era brought by climate change,
continuously improves its environmental compliance management Energy Utilization
system, and enhances energy and resource utilization efficiency. and Water Resource Utilization
Through practical actions, it contributes to the realization of
China's "dual carbon" strategic goals.
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Response to Climate Change
Against the backdrop of escalating global climate change challenges and the in-depth promotion of China's "dual carbon" goals, the Company systematically constructs a climate governance system. Referencing the TCFD
recommended framework, it comprehensively identifies climate risks and opportunities related to its operations and formulates response measures. It improves measurement indicators and target management to establish long-
term climate response capabilities.
Environmental Governance
The Company strictly complies with relevant laws and regulations to formulate the Control Procedure for Combating Climate Change, clarifying operational norms for environmental protection and climate change management.
It establishes a governance system with responsibilities from the General Manager's Office to various business centers. The General Manager's Office is responsible for formulating climate strategies and objectives to ensure
the proactive alignment of overall corporate development strategies with climate change trends. The Environmental and Climate Change Management Committee is responsible for the specific formulation of climate policies,
risk assessment, and supervision of implementation to ensure the effective implementation of climate strategies. The Management is responsible for integrating climate strategies into daily operations, ensuring the effective
implementation of various measures, and supervising the execution of climate adaptation measures by various business departments. Each business center department formulates and implements specific climate adaptation
measures based on its respective characteristics and business scope, ensuring that climate change factors are fully considered in daily operations. Climate governance is translated from policy to specific operations, achieving
sustainable development.
The Company actively organizes training sessions on themes such as carbon
emissions and carbon footprints. By gaining an in-depth understanding of
General General
current climate and carbon neutrality situations, accounting methods, and carbon
Manager’s Office Manager
reduction paths, it systematically enhances employees' awareness and problem-
solving abilities regarding climate issues.
Environmental and Climate Case Carbon Emission Training
Change Management Committee
Resources Departmentr
Member of the Human
Member of Marketing Center
Member of R&D Center
the Purchasing Department
Committee Member from
Management Department
Member of the Quality
Manufacturing Department
Member of the
Plastic Department
Member of Hardware and
Planning Department
Member of the Production
Management Department
Member of Project
Engineering Department
Member of the Manufacturing
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Environmental Strategy and Risk Management
The Company has formulated the Risk and Opportunity Control Procedure. Based on its management system, the Company identifies physical and transformational risks and opportunities faced by each department during
production and management processes, and records them in the Risk and Opportunity Assessment and Analysis Form. For identified risks, a quantitative evaluation is conducted from three dimensions: severity, frequency of
occurrence, and detectability. Corresponding countermeasures are then developed. The responsible department continuously tracks the risk control measures to ensure their effective implementation, regularly updates the
assessment results, and forms a closed-loop management system.
Risks
Risk Analysis
Risk Type Description Potential Financial Impact Management Measures
Severity Frequency
Screen alternative suppliers to reasonably control the purchase costs.
Factors such as climate change may Promote suppliers' transition towards energy conservation and emission reduction through supplier
Increase in Raw Material Costs 5 2 lead to an increase in raw material communication, implementation programs, and investigation.
prices and purchase costs. Establish a low-carbon monitoring mechanism for upstream raw materials.
Accelerate the green transformation and introduce new technologies and materials.
Market Risks
The change in consumer preferences
Advocate for using clean energy, building rooftop photovoltaics, purchasing green electricity and
leads to a decrease in the demand
certificates, etc., to accelerate the green transformation.
Change in Consumer Behavior 5 2 for goods and services, a reduction
Introduce new technologies and materials.
in operating income, and an increase
Establish a low-carbon monitoring mechanism for upstream raw materials.
in operating costs.
Pay attention to policy changes in various regions and adjust based on the situation and customer
needs.
Policy changes could lead to the
Use clean energy such as rooftop photovoltaics and purchase green electricity to replace traditional
write-off, impairment, or early
fossil energy and promote the transformation of the energy structure.
retirement of existing assets.
Transition Carbon Emission Control Policy 5 2 Set the objectives of energy conservation and consumption reduction, promote energy conservation
Failure to promptly respond to new
Risks and emission reduction, and improve energy use efficiency from the management and technical levels.
regulations may result in fines and
Analyze the future change trends of energy efficiency standards to ensure that the Company's
increased compliance costs.
production equipment and processes meet the requirements of new standards.
Optimize the carbon emission management system to promote carbon emission reduction.
Policy and The government, social organizations, and Possible violation fines due to Strictly implement the EHS management plan to ensure that the industrial exhaust gases, canteen
Regulatory residents do not accept excessive pollution 4 1 pollution emissions may negatively fumes, domestic sewage, and boundary noise emitted by the Company meet the relevant standards,
Risks emissions impact the Company's reputation. with monitoring conducted at least once a year.
There is a lack of proper identification,
collection, and publicity of applicable Failure to respond promptly to
EHS laws and regulations. Moreover, relevant laws, regulations, and
the environmental factors and hazards policies leads to violation fines, while Strengthen the identification, collection, and periodic updates of applicable EHS laws and regulations,
related to the Company's internal inadequate internal risk identification with key provisions incorporated into training programs or institutionalized in company policies.
activities are not clearly defined, and results in increased compliance
some employees have a weak sense of operation costs.
compliance with the law.
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Risks
Risk Analysis
Risk Type Description Potential Financial Impact Management Measures
Severity Frequency
Increased expenditures on the
Pay close attention to green innovations such as clean energy and energy-saving technologies, and
research and development
Technology evaluate whether the enterprise can adapt to technological changes.
Technology Substitution Risk 5 2 of new and alternative
Risk Establish diversified relationships with technology suppliers to mitigate reliance on a single technology
technologies, along with rising
supplier and minimize the risks associated with technology transition.
procurement costs.
Transition
Risks
Publicly disclose policies and information related to climate change to ensure all stakeholders can
obtain relevant information and supervise and evaluate the Company's performance.
The decrease in the customer's
Evaluate the possible impact of climate change on the enterprise's brand image and customer loyalty
Reputation Increased Concerns or Negative demand for the Company's
Risks Feedback from Stakeholders products results in a reduction in
Conduct a customer satisfaction survey in the form of a questionnaire once a year and summarize the
operating income.
customer satisfaction survey results to let relevant departments take corresponding corrective and
preventive measures.
Formulate the Control Procedure for Emergency Response.
Sudden weather causes damage
Maintaining a safety stock of key materials ensures the normal demand for production raw materials
Emergencies such as the increase in to infrastructure and equipment,
during emergencies.
Physical Climate extreme weather events caused by leading to an increase in
Risks Risks climate change lead to shortages of key operating costs; it may affect the
of critical positions, allowing for redeployment in case of staff shortages.
materials or critical human resources. production schedule and cause a
Establishing an Emergency Plan List and conducting drills for key material shortages or critical human
decrease in operating income.
resource shortages in accordance with the emergency plan.
Remarks:
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Opportunities
Opportunity Type Opportunity Content Management Measures
Sufficient Funds for the Company's
Financial Management Establish a special fund for EHS management to ensure the source of funds for EHS management investment.
EHS Management System
Optimize the design of green products and reduce the use of materials from the source.
Resource Efficiency Recycling Technology Advocate the recycling of materials and the transformation of waste.
Implement water recycling practices and establish a reclaimed water reuse system.
Build rooftop photovoltaics, purchase green electricity, certificates, etc., to accelerate the green transformation.
Set the objectives of energy conservation and consumption reduction, promote energy conservation and emission
Energy Source Low-emission Energy Sources
reduction, and improve energy use efficiency from the management and technical levels.
Accelerate the construction of the energy management system to create a green manufacturing system.
The Company has not received
any complaints or penalties
Compliance Provisions Comply strictly with regulatory requirements.
from government authorities or
surrounding residents.
Some customers require the
Continuously implement the ESG management system and accept a third-party institution's certification audit to
Company to establish an ESG
ensure the ESG certificate's effectiveness.
management system.
Requirements and
Expectations of
Stakeholders The audit institution requires the
Company to meet the requirements
Accept the review of the audit institution and promptly improve and track any identified problems. Make the ESG
of the ESG management system
management system operate effectively.
and continuously improve the ESG
management system.
Development of the national carbon Through the regulatory role of the carbon trading market, the Company intensifies its efforts to reduce emissions
Other aspects
trading market. and participates in carbon emissions trading.
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Low-carbon Metrics and Targets Greenhouse Gas Emission Management
The Company has developed the Enterprise Low-Carbon Action Plan and Greenhouse Gas Management
set low-carbon goals and emission reduction actions for the next 10 years
based on its actual situation, striving to achieve a "net-zero carbon factory" The Company has established a data collection system for emission reduction, enabling real-time comprehensive monitoring of key
within the next decade. During the reporting period, the Company obtained indicators such as greenhouse gas emissions, production energy consumption, and wastewater and exhaust gas emissions. Regular
the Three-Star Net-Zero Carbon Factory Certification. evaluations of emission reduction efforts are conducted to ensure timely identification of issues and closed-loop rectification. Based on
the evaluation results, the Company systematically summarizes emission reduction experiences, dynamically optimizes emission reduction
plans, and actively incorporates advanced industry concepts and technologies to drive continuous deepening and innovation in emission
reduction efforts.
Main Production and Operation Activities of Greenhouse Gas Emissions
Emission Corresponding
Category Subcategories Forms of Emission Source Potential Types of GHG
Source Activities/ Facilities
Direct Emissions
from Mobile Gasoline Company cars Transportation CO2,CH4,N20
Category 1 Combustion
(Direct GHG
Emissions)
Fugitive
Sewage Septic Tanks Fugitive CH4
Emission of GHG
Category 2 Indirect
Energy Consumption
(Indirect GHG Emissions from Electric
of Equipment and Energy CO2
Emissions from Purchased power
Strengthen the management Improve energy utilization Lighting
Energy) Electricity
of carbon emissions, aiming efficiency and ensure that
to achieve a “net-zero carbon the proportion of carbon
factory” within the next 10 emissions relative to
years and reduce carbon output during production
emissions by 35% by 2035. continues to decrease. During the
Reporting Period
Low-
carbon Total GHG Emissions Direct GHG Emissions (Scope 1) Indirect GHG Emissions (Scope 2)
Goals
Reduce dependence on Promote energy-saving 5,140.68 tCO2e 86.15 tCO2e 5,054.53 tCO2e
traditional energy, and proactive and environmental
utilization of renewable, clean protection technologies
energy, such as solar, wind, and and improve the overall
air, is recommended. environmental protection Statistical Explanation: Scope 1 GHG emissions are calculated based on default values of common fossil fuel characteristic parameters issued by the National
level of the enterprise. Development and Reform Commission of the People's Republic of China;
Scope 2 GHG emissions are calculated based on average carbon dioxide emission factors for China's regional power grids issued by the National Development and
Reform Commission of the People's Republic of China.
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Carbon Reduction Initiatives Carbon Asset Management
In response to the advocacy for a green, low-carbon, and circular development economy, the Company actively promotes a series of energy-saving and carbon To standardize the Company's carbon asset trading
reduction measures to minimize the environmental impact of its business activities and contribute to the global green, low-carbon economy and sustainable practices, enhance the transparency and credibility
development. of carbon asset trading, and promote the healthy
development of the carbon market, the Company
formulates the Procedure for Carbon Asset Trading
Scientifically Management. During the carbon asset trading
Replace the refrigeration unit of the high-speed punching machine with a water-cooling system, adopt fully electric injection process, the Company strictly adheres to the
Improve Production
molding machines, and utilize super aluminum alloy air pipes, etc., to reduce energy consumption. principles of openness, fairness, and impartiality,
Processes and
Build dust-free workshops and CNAS laboratories that can meet the General Requirements for the Competence of Testing and rigorously regulating aspects such as carbon asset
Enhance Production
Calibration Laboratories of the ISO/IEC 17025:2017 Laboratory Management System; trading procedures and requirements, supervision
Technology and
Solar photovoltaic and energy storage charging canopy; solar light guiding system installed in the basement; solar-powered and review, risk management, information
Equipment Energy
streetlights; enclosed cooling tower; double-glazed windows in factory buildings and dormitories. disclosure, and penalties for violations.
Efficiency.
The Company establishes a Carbon Finance
Department to manage and conduct carbon
Implement Low- asset trading activities, organize the formulation
carbon-related of corporate carbon asset trading rules, and
Implement the ISO 14064-1:2018 carbon verification system and complete the third-party certification.
Systems to Improve carry out publicity and training. The Supervision
Strengthen energy management and establish an energy informatization monitoring and management system.
Energy Efficiency Department monitors and inspects the compliance
Management and fairness of corporate carbon asset trading,
while the Finance Department is responsible for
accounting and statistics related to corporate
Encourage employees to use public transportation to reduce vehicle exhaust emissions. carbon assets and cooperates with the Carbon
Promote Clean Energy Construct solar power generation facilities on the rooftop of the Company's factory building to provide clean energy for the Finance Department in carbon asset trading
Company's electricity consumption. settlements. The Environmental Protection
Department oversees corporate carbon asset
conditions, carries out carbon emission reduction
efforts, and cooperates with the Supervision
Collect and utilize the condensed water of air conditioners.
Promote Recycling Department in reviews and inspections.
Reuse the material reels.
and Reuse
Recycle the material packaging PE bags/cartons. In 2025, on the basis of continuous internal
emission reductions, the Company has advanced
green certificate trading by purchasing
International Renewable Energy Certificates
Reuse office supplies such as file bags and data bags. (I-RECs) and National Green Electricity Certificates
Save electricity for office equipment and air conditioners. (VCUs) to offset a portion of its carbon emissions,
Green Office
Use e-government, corporate OA systems, Lark, or SAP systems for office work. helping the enterprise overcome green trade
Advocate water conservation and establish a water management system. barriers.
Promote the
Conduct publicity and education on energy conservation and environmental protection knowledge to improve employees' and
Concept of Energy
the public's awareness of energy conservation and environmental protection.
Conservation and
Cooperate with relevant departments to strengthen the publicity of environmental protection policies and supervise
Environmental
compliance.
Protection
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Environmental Compliance Management Environmental Risk Management
The Company clearly defines the responsibilities of each unit and systematically carries out environmental risk factor identification
in accordance with the requirements of the Control Procedures for Identification and Evaluation of Environmental Factors. During
The Company strictly adheres to national and local environmental regulations, the reporting period, a third-party agency was commissioned to test the Company's drinking water, wastewater, exhaust gases,
proactively identifies and manages environmental risks, strives to reduce the and noise, with all test results meeting standards.
impact of pollutant emissions on the surrounding environment, strengthens the
environmental awareness of employees and other relevant parties, and promotes
continuous improvement in environmental performance.
Environmental Emergency Management
To effectively prevent and respond to potential environmental emergencies, the Company has formulated the Emergency Plan
Environmental Management System for Environmental Management and established an environmental emergency management structure centered around the
Environmental Management Emergency Command Center, with collaboration among various departments and units to minimize
The Company establishes an Environmental and Occupational Health and Safety the harm caused by environmental emergencies to the environment and society.
Management System in accordance with ISO 14001:2015 and ISO 45001:2018
standards. The Quality Management Department Manager is appointed as the During the reporting period, the Company organized a total of two environmental contingency drills.
management representative for the Company's Environmental Management
System and Occupational Health and Safety Management System (EHS
Management System), responsible for the formulation, implementation, and
maintenance of environmental and occupational health and safety policies. The Environmental Emergency Response Process
General Manager is responsible for approving these policies. Various departments
collaborate in environmental management efforts, effectively identifying and
evaluating environmental factors and hazards, formulating objectives and
Organize relevant
indicator management plans, and continuously monitoring and measuring
Report of departments and Isolate and
relevant environmental performance. The Company conducts at least one internal Take emergency
environmental units to carry blockade the
environmental audit and management review annually, which helps in promptly measures
emergency out emergency accident site
improving system vulnerabilities.
response work
During the reporting period, the Company passed ISO 14001:2015 environmental
management system certification and awarded the title of Guangdong Provincial
Green Factory.
Hazardous Substance Monitoring
The Company formulates normative documents such as the Regulations on the Management of Hazardous Substances to
investigate, identify, and manage hazardous substances to the environment in materials, components, auxiliary materials, tools,
and packaging materials throughout the process from incoming materials to product shipment. This ensures that products are
healthy and safe and continuously meet the usage and management requirements for hazardous substances to the environment
proposed by customers or relevant domestic and foreign organizations. The Company strictly implements the national laws
and regulations, local policies, decrees of the customer's country, and appropriate customer requirements, and formulates the
Restriction Standard for Hazardous Substances to standardize the “Control List of Hazardous Substances.” This list details all
hazardous substances used, managed across three management levels, and classified by applicable product categories, with real-
time updates to prevent non-environmentally friendly materials, components, and products from entering the supply chain and
mitigate environmental impact.
During the reporting period, all the identified hazardous substances of the Company passed third-party testing and certification.
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The Company strictly complies with laws and regulations such as the Law of the People's Republic of China on the Prevention and
Law of the People's Republic of China on Prevention and Control of Environmental Pollution by Solid Wastes and the Regulations of
Guangdong Province on the Prevention and Control of Environmental Pollution by Solid Wastes. It establishes a sewage and waste
management system and completes registration for fixed pollution source emissions. At the same time, the Company actively takes
The Company conducts 6S inspection and improvement initiatives in accordance
measures to reduce the emissions of wastewater, exhaust gases, and waste, striving to minimize the impact of its operations on the
with its internal 6S Management Measures. Daily and monthly inspection tours are
environment.
carried out in production and manufacturing workshops and other relevant areas to
promptly identify, quickly improve, and precisely control environmental risk hazards.
The Company establishes a closed-loop management mechanism of "problem
recording - assigning responsibility to individuals - setting deadlines for rectification
- re-inspection and confirmation." The 6S Management Team incorporates monthly Environmental Management Targets Achievements in 2025
inspection results into the 6S Inspection Report, specifying the responsible persons for
problems, rectification requirements, and completion deadlines. The ESG Task Force
The disposal of hazardous solid waste complies
tracks rectification progress and implements reward and punishment incentives for
department heads based on evaluation results.
with relevant regulations, with 100% categorized √ Achieved
storage and handling by qualified units.
During the reporting period, the Company conducted a total of five 6S inspection
and improvement initiatives, identifying a total of 172 problem points, including 77
(45%) related to workshop sorting and organizing, 43 (25%) related to workshop
The emission of wastewater, waste gas, and noise
safety, 34 (20%) related to workshop cleaning and sanitation, and 18 (10%) related
complies with relevant regulatory requirements.
√ Achieved
to other issues. All problems were improved within the specified time limits. In the
relevant department 6S managers based on evaluation results, rewarding a total of 12
individuals. Through a combination of positive incentives and negative constraints, the
Company enhanced the risk management awareness of all employees.
Noise Management
The Company strictly adheres to GB 12348-2008 Emission Standard for Industrial Enterprises Noise at Boundary for standardized
control. For noise generated by the operation of equipment such as high-speed punching machines and mixing machines, noise
reduction measures such as installing vibration-damping foundations for high-noise equipment and implementing factory building
sound insulation are adopted to effectively reduce noise pollution. During the reporting period, the noise detection results outside
the Company's boundary all met the standards, with occasional nighttime noise levels below the standard limit of 65dB(A), causing
no adverse impact on the surrounding acoustic environment.
Exhaust Gas Management
The Company's exhaust gases primarily originate from processes such as injection molding and grinding. The Company strictly
manages exhaust gases in accordance with its internal Control Procedure for Waste Gas Emission and Noise. By enhancing
ventilation and exhaust systems in workshops, exhaust gases are collected centrally for treatment. Organic exhaust gases are
purified through a two-stage activated carbon adsorption unit to meet emission standards before being discharged at height,
maintaining a low level of emissions. The emission concentrations comply with ambient air quality standards, resulting in minimal
impact on the surrounding atmospheric environment.
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Wastewater Management
Category Measures and Main Contents Governance Effects
The Company formulates the Control Procedure for Water Pollution in accordance with
relevant laws and regulations to implement categorized control and resource-based It meets the sewer network standards
After preliminary treatment in a septic tank, it
treatment of wastewater generated during production, operation, and construction Domestic Sewage and ultimately enters the urban sewage
is discharged into the sewer network.
processes. The primary source of wastewater is domestic sewage, supplemented by treatment system in Dongguan City.
a small amount of equipment cleaning wastewater. Both sewage and wastewater are
treated centrally. The project's cooling water is recycled and not discharged externally Wastewater
It undergoes pretreatment (coarse separation It meets the reuse standards. The reused
throughout the entire process. Domestic sewage undergoes preliminary treatment in a Grinding
and filtration, pH adjustment, demulsification portion is transported to each machine tool
septic tank before being uniformly discharged into the municipal sewage interception Wastewater and
and coagulation), nanoflat membrane via a constant-pressure pipe network by a
network, rather than directly entering natural water bodies. During the reporting period, Metal Cutting
separation, and ultra-low-temperature double- feed pump. Wastes are managed through
Fluid
all wastewater discharge indicators of the Company met the requirements of the relevant effect distillation. classified and harmless treatment.
national discharge standards.
Case Treatment of Waste Metal Cutting Fluid
By continuously optimizing the treatment process and strengthening end-of-pipe supervision, the Company has maintained a 100% compliance rate for wastewater discharge during the reporting period.
Cutting Fluid Circulation Treatment Process (Online Purification and Reuse)
Step 1: Coarse Filtration
(Magnetic separation / scraper chip removal)
Step 2: Sedimentation and Floating Oil Separation
(Main water tank / oil-water separator) Generated
Separated into
Step 3: Fine Filtration (Paper belt / bag filter) Generated
Waste Oil Metal Chips and Waste Filter
Final Scrapped Waste
(Miscellaneous Oil) Coarse Filter Residues
Cutting Fluid (HW09)
Step 4: Liquid Regulation (HW08) Residues (HW08/09) (HW09)
(Concentration / pH monitoring and supplementation)
Clean Cutting Fluid
They are entrusted to a qualified
hazardous waste treatment unit for
Reused in machine tools recycling and disposal.
After disposal
Dirty Cutting Fluid Discharged from
Machine Tools (Containing Metal
Chips, Impurities, and Floating Oil) A Hazardous Waste Management Ledger
is established for record-keeping.
Waste Disposal Process (Final Disposal)
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Waste Disposal
The Company implements waste management in accordance with the principles of “classified recycling and reduction,” formulating the Waste Management Control
Procedure. Waste is divided into two major categories: general waste and hazardous waste. Corresponding treatment measures are adopted based on waste
During the
categories, with each department implementing classified collection and storage management of generated waste in compliance with regulations.
Reporting Period
During the reporting period, the Company formulated an annual hazardous waste management plan, clarifying the types and hazardous characteristics of hazardous
wastes, estimating the annual hazardous waste output, and confirming the qualifications of the intended receiving unit and the type of transfer.
Wastewater discharges
Waste Categories Disposal Method
Quantity of general waste generated
Recyclable waste: Waste electronic wires, waste metal scraps, waste Handed over to professional recycling
packaging materials, etc. entities for recycling and reuse
Quantity of general waste disposed of
General
Waste Handed over to the Sanitation
Non-recyclable waste: Domestic waste garbage
Department for disposal
Quantity of hazardous waste generated
Transferred to a third party with a
Solvent-containing waste, waste engine oil, waste cutting fluid, waste Quantity of hazardous waste disposed of
hazardous waste operating permit for
rags/gloves, waste activated carbon, waste empty drums
Hazardous harmless treatment
Waste
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Environmental Training Sessions Green Office
The Company actively carries out environmental protection promotion The Company integrates resource conservation awareness into the details of the office environment and builds a sustainable office ecosystem
activities to enhance the environmental awareness of all employees with the participation of all employees. In public areas with high resource usage frequency， such as pantries, restrooms, and printing areas,
and guide them to integrate green production concepts into their the Company has posted standardized and visually unified resource conservation-themed icons and set up special recyclable beverage
daily operations, jointly building a strong line of defense for corporate bottle recycling bins, continuously advocating green behaviors such as water conservation, power conservation, paper reduction, and waste
environmental protection. During the reporting period, the Company classification to employees.
organized multiple environmental protection knowledge training
sessions, focusing on core points such as environmental policy
interpretation, environmental problem analysis, and environmental
protection practice strategies, helping employees deeply understand
the importance of environmental protection work and their own job
responsibilities.
During the
Reporting Period
The organization conducted 44
environmental protection training sessions, with a total of 1,312
participants and an accumulated training duration of 1,327.50
hours.
Save paper Save water
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Resource Utilization
The energy and resources used within the Company mainly include municipal water supply, purchased electricity, gasoline, paper, raw materials, etc. The Company strictly complies with the Energy Conservation Law of the People's
Republic of China and other applicable laws and regulations, continuously optimizing energy management and improving resource utilization efficiency.
Resource Governance
The Company formulates rules and regulations such as the Control Procedure for Energy and Resource Conservation, the Regulations on Domestic Electricity Management,and
the Management Measures for the Air Conditioning System, and implements refined management of energy and resource use across operational areas, such as production
workshops, offices, warehouses, and employee dormitories, to improve resource utilization efficiency.
To ensure the effective implementation of resource governance, the Company delegates the energy management responsibilities and powers to the energy-consuming and
maintenance management departments, including the Product R&D Department, the Human Resources Department, and the Procurement Department. An effective energy
management system has been established to provide robust support for the efficient execution of energy management initiatives. The Company has also established a stringent
supervision and performance evaluation mechanism, including an energy efficiency reward and punishment system, to encourage employees to proactively put forward energy
conservation and emission reduction suggestions. This has fostered a company-wide culture of participation and joint advancement, thereby facilitating the achievement of the
Company's energy management objectives. In addition, the Company has developed energy conservation training plans and regularly conducts energy conservation and carbon
reduction training and awareness campaigns to further enhance employees’ environmental awareness and commitment to energy conservation.
During the reporting period, the Company obtained certification for the ISO 50001:2018 Energy Management System.
Resource Strategy
Risks Opportunities
Potential Financial Response
Risk Type Risk Description Frequency Opportunity Type Opportunity Description Potential Financial Impact Response Measures
Impact Measures
Adopting an intelligent Develop a digital energy
Strengthen energy management Increase the management system to
equipment system can efficiently development unify the Company's energy
maintenance Resource consumption management
Extreme storms improve energy costs and reduce
and overhaul Efficiency
or heavy management efficiency the energy Implement water recycling
precipitation Result in power to ensure and standardize energy expenses practices and establish a
may cause outages or the effective utilization procedures reclaimed water reuse system
Extreme damage to interruptions of operation of
Low equipment
weather energy-related energy supply,
facilities, thus which may affect Formulate Improve the production process
leading to the production emergency to reduce energy consumption
interruption of procedures Energy Low-emission Energy Reduce energy Promote the use of clean energy
energy supply and conduct Alternatives Sources expenses and independently invest in the
contingency
development of energy-saving
drill training
renovation projects
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Management of Impacts, Risks and Opportunities Energy Management
The management representative, together with the system management functional Energy-saving Project Renovation
departments of the Company, is responsible for organizing relevant departments
to conduct risk and opportunity review, monitoring the implementation and
effectiveness of adopted measures, and ensuring effective risk control and
appropriate management of opportunities through standardized procedures. The Company invests in the construction of a user-side energy storage project. The energy
storage battery unit of the project employs nano-silicon solid lead batteries, which have
the advantages of high safety, long service life, and recyclability and can effectively solve
Metrics and Targets the industry pain point that electrochemical energy storage batteries are prone to fire
Energy
and explosion. After being put into use, the project can fully utilize the peak-valley price
Storage
difference in industrial electricity tariffs between day and night. The system automatically
To effectively conserve energy and resources and reduce waste, the Company has Project
charges during off-peak nighttime periods and discharges to meet demand during peak
established energy consumption control metrics and targets based on its actual
daytime hours, effectively addressing the Company's instantaneous power load demand for
conditions and conducts regular monitoring to ensure effective implementation,
electricity during the day, reducing its instantaneous power consumption, and lowering its
thereby further enhancing its resource management performance.
base electricity costs.
The project has been put into operation. It achieves 40% peak-shaving and valley-filling
Metrics Target Progress in 2025
Chilled Water energy savings annually, resulting in annual electricity cost savings of RMB 2.8 million. The
Storage project reduces peak load demand on thermal power generation, equivalent to an annual
Project reduction of 2.41 million kilograms of carbon dioxide emissions, generating significant
Electricity ≤ 35kWh * Output social and economic benefits.
Consumption
(KPCS) per month
Water 0.25t * Output
Consumption (KPCS) per month
Paper
≤ 220 packs per month 211.75 packs
Consumption
Energy Storage Project Chilled Water Storage Project
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Use of Clean Energy Recycling of Wastewater from the Kitchen Purified Water System
The kitchen purified water
Photovoltaic Power Generation
system generates 1.5T
of wastewater every day.
Relying on the relatively abundant solar energy resources in A stainless steel water
Daning, Humen, the Company follows the consumption mode tank has been installed to
of “self-generation for self-use and surplus electricity fed into collect this wastewater for
the grid” and has independently invested in and constructed use in kitchen cleaning,
a distributed photovoltaic power generation system on the which can save 547.5T of
rooftops of the No. 1 factory building, No. 2 factory building and water every year.
No. 3 dormitory building at its factory complex, covering a total
area of about 4,000 square meters.
After the project is implemented, it is expected to generate
about 860,000kWh of electricity annually, reducing carbon
emissions by857 tons. With clean energy accounting for 10%
of total usage, the initiative delivers significant economic and
ecological benefits.
Digital Energy Management Water Resource Utilization
Condensed Water Recovery Technology of the Central
The Company has established a digital energy management Water Resource Management System Air Conditioning System with Chilled Water Storage
platform. Based on unified data standards and an energy
consumption analysis indicator model repository, the platform The Company strictly complies with the Water Law of A 12T stainless steel water
eliminates system barriers and, through a core indicator the People's Republic of China and other applicable laws tank is built in the factory area
management system, enables centralized data aggregation, and regulations. It has formulated the Regulations on to collect the air conditioning
customized data presentation, integrated energy monitoring, and Domestic Water Management to clarify responsibilities condensed water through the
analytical decision-making, ensuring comprehensive visualization and operational requirements for the use, protection, pipe network. An automatic
of energy consumption data. and management of water resources, ensuring effective water level control system
implementation of responsibilities. regulates the operation of the
pressure pump, transferring the
Water Saving Measures collected water to the central
air conditioning cooling tower
Fully recognizing the scarcity and importance of water with chilled water storage as
resources, the Company promotes the rational use of makeup water.
water resources through strengthened management of
domestic water consumption and the implementation of The daily collection amount
water-saving retrofit projects, thereby preventing water of condensed water is about
waste. During the reporting period, the oil cooler was 21T, resulting in annual water
integrated with the water-cooling circulation system, savings of about 7,665T.
achieving a water resource reuse rate of 90% and
realizing “zero waste heat discharge”.
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Driving Innovation, Responded
Creating Shared Value Topics
WCON upholds the values of “Integrity-Driven Operations, Quality Innovation-Driven Growth
First, Innovation-Driven Growth, Collaboration for Win-Win Product and Service Safety and Quality
Outcomes”. The Company adheres to innovation-driven development Supply Chain Security
and continuously creates value for customers through high-quality
products and services. Together with its supply chain partners, the
Company is committed to building a sustainable ecosystem and
jointly promoting the high-quality development of China’s connector
industry and the advancement of new quality productive forces.
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Innovation-Driven Growth
The Company has always regarded technology research and development as its core competitiveness. It has continuously stepped up efforts in key and core technology research, promoted the reform and innovation of the
research and development system, and placed strong emphasis on the cultivation and incentive mechanisms for scientific and technological talents. By fully unleashing innovation potential, the Company drives high-quality
development through the creation of technological value.
Innovation Governance R&D Team Development and Optimization
The Company places great emphasis on product innovation and research The Company continues to transform its talent advantages into momentum for high-quality development. It has gathered a group of
and development. It has formulated regulations, including the Measure for core technicians with rich industry experience who have solid professional qualities and long-term technical accumulation in product
Management of Product Design and Development and the Project Management design, mold development, connector manufacturing process, and other areas.
Control Procedure, to improve its project R&D management system, strengthen
regulation implementation and execution coverage, enhance R&D efficiency and
team capabilities, and ensure the effective operation of the project management
system. The Company has established an R&D center as the core department
for technological innovation. Development planning may proceed only after In addition, the Company actively organized
the new product development list has been approved by the Chairman or an 8.99% R&D empowerment training sessions and
authorized representative. Through a clearly defined division of responsibilities experience-sharing seminars, aiming to
and rigorous business process management, the Company effectively promotes
the steady improvement of product innovation quality, providing solid support and enhance their professional skills.
for its sustainable development. The Company’s technology R&D platform has By Gender By Age
been officially recognized as the “Guangdong Provincial Engineering Technology
Research Center” and the “Guangdong Provincial Enterprise Technology Center”.
R&D Center
Male(172 in persons) Under 30 (exclusive) years old(59 in persons)
Product R&D Product Engineering Female(17 in persons) 30 (inclusive) to 40 (exclusive) years old
Department I Department (76 in persons)
Above 40 years old (inclusive)(54 in persons)
Development Section
Precision Connector
Development Section
Industrial Connector
Development Section
Automotive Product
Integrated Product Section
Product Engineering Section
Innovation Incentive Measures
The Company continues to transform its talent advantages into a core driving force for high-quality development. To fully stimulate the
enthusiasm of employees for technological innovation, the Company has formulated a series of incentive systems, such as the Procedure
of Employee Incentive and Authorization Control and the Measures for Patent & Copyright Management. These systems encourage
employees to actively engage in invention and innovation activities, drafting of technical standards, and filing of intellectual property
applications, thereby further unleashing employees’ independent innovation potential.
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Innovation Strategy
Risks
Category Description Time Range Potential Financial Impact Response Measures
Focus on frontier technologies and increase R&D
Connectors are evolving toward high frequency and high speed, Missing market investment; strengthen industry-university-research
Failure to keep
Technology high voltage and high current, and miniaturization, with accelerated Medium and windows, resulting in cooperation and introduce external technological
pace with R&D
Risks technological iteration. If R&D efforts do not keep pace, the Company long-term a decline in operating resources; enhance intellectual property layout by actively
advancements
may face the risk of being eliminated from the market. income applying for domestic and international patents to build
technological barriers.
The intelligent connectors launched by the Company may carry a Inventory backlog, Conduct customer demand research prior to R&D and
Market Market unit price higher than that of traditional products, potentially leading Medium and increased marketing carry out customized development; strengthen marketing
Risks competition customers to delay procurement. Meanwhile, competitors may launch long-term expenses, and declining efforts and showcase product advantages through
similar products, resulting in heightened market competition. gross profit margins industry exhibitions and other promotional channels.
Certain enterprises in the industry may imitate patented technologies to
Intellectual Legal litigation costs,
Policy reduce R&D costs. Following the launch of new products, the Company Sign confidentiality agreements with employees;
property Short- to losses due to product
and Legal may face infringement risks. In addition, insufficient patent searches strengthen intellectual property protection and training;
infringement medium-term sales bans, and damage
Risks during the R&D process may result in inadvertent infringement disputes expand independent patent layout.
risk to brand reputation
and legal proceedings.
Opportunities
Category Description Time Range Potential Financial Impact Response Measures
Closely monitor technological pathways and customer
The rapid development of emerging industries such as new energy
demands in relevant sectors to conduct forward-looking
vehicles, autonomous driving, data centers, artificial intelligence, and
product positioning and capacity planning.
renewable energy has created substantial incremental demand for high-
Medium and Actively engage with leading domestic customers and
Market Opportunities performance connectors. Augmented operating income
long-term participate in their early-stage R&D projects, leveraging
Amid a complex international environment, domestic downstream
rapid response capabilities, cost advantages, and
customers are accelerating the localization of core components to
customized services to become their preferred domestic
enhance supply chain security.
supplier.
Note: Short-term——Within 1 year; Medium-term——1–5 years; Long-term——Over 5 years
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Management of Impacts, Risks and Opportunities Promoting the Development of New Quality Productive Forces
To ensure the efficient execution of R&D activities, the Company has formulated Benchmarking against leading international enterprises, the Company has invested in professional 3D design software, simulation
the Control Procedure for Design Potential Failure Mode and Effects Analysis and testing systems, and high-end electrical and material testing equipment in the technical R&D stage, which effectively shortened
applies DFMEA analytical methodologies. During the product design and planning the product R&D cycle, reduced the material consumption in the R&D stage of traditional connector products by leveraging the
stage, each component of the product is systematically analyzed to proactively considerable data computing power for simulation testing, and effectively ensured the rapid delivery of new products, and met
identify and evaluate potential failures and their consequences. Corresponding the customized needs of end customers.
measures are developed in a timely manner to avoid or reduce such potential
Rooted in Dongguan, the Company has contributed to supplementing and improving the industrial chain of the information
failures, thereby preventing risks and enhancing product quality.
transmission cable industry in the region. It has further promoted the optimization and upgrading of Dongguan’s electronic
information manufacturing sector, facilitated the transformation and upgrading of the local connector manufacturing industry,
and created a significant number of high-quality job opportunities for the manufacturing industry in the region.
Metrics and Targets
Each year, the Company formulates an annual R&D plan based on overall Industry Collaboration
business performance and customer needs, and establishes a regular tracking
mechanism to ensure the orderly advancement of R&D and innovation objectives.
The Company actively participates in industry standardization initiatives and has made positive contributions to the improvement
During the reporting period, The Company aims at connector miniaturization,
of industry’s technological level by taking part in the drafting of multiple connector-related standards. To date, the Company
integration, and intelligence development trends. Innovations in connectors are
has joined 9 industry-related organizations and associations, including the Electrical Connectors Branch of China Electronic
pursued in complex structure design, electrical performance simulation, precision
Components Association, the Guangdong Association for Quality, the Shenzhen Robot Special Wire and Cable Industry
mold design, and new material applications. These efforts accelerated the
Association, and the Shenzhen Connectors Industry Association.
commercialization of R&D achievements, further enriched the Company’s product
portfolio, and met the customized needs of different customers. During the reporting period, the Company actively participated in industry activities such as the Smart Production Solutions
and ITES Exhibition, demonstrating the Company's latest technologies and achievements in the field of connectors. Through in-
depth exchanges with on-site guests and industry experts, the Company further enhanced the market application capabilities of
its products and continuously strengthened cooperative relationships in the industry, jointly promoting the advancement of the
connector sector.
Metrics Goals for 2025 Achievements in 2025
Intellectual File 35 patent
patent commercialization
Property applications
rate > 90%
Standard Formulate 2 group 2 national industry group
Development standards standards are formulated
More than 40 R&D
R&D Tasks
tasks were completed 15 new products successfully
commercialized SNEC International Photovoltaic Power Generation Industrial Automation Show (IAS), China
and Smart Energy Exhibition & Conference (Shanghai) International Industry Fair 2025
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Protection of Intellectual Property Rights By the end of the
reporting period
Enhancing the level of intellectual property (IP) management is a key safeguard for strengthening the Company’s independent innovation
capabilities. In accordance with the national standard GB/T 29490-2023 Code for Management of Intellectual Property Rights of Enterprises,
and taking into account its actual conditions, the Company has formulated a series of institutional and procedural documents, including the The Company had obtained 245 domestic patents, including
Intellectual Property Management Manual and the Procedure for Control of Intellectual Property Acquisition. The Company continuously improves 31 invention patents, 203 utility model patents and 11 design
its IP protection system, implements IP management in a scientific and standardized manner, and safeguards its legitimate rights and interests. patents, as well as 1 overseas patent. In addition, the Company
The General Manager serves as the primary person responsible for intellectual property management. Key responsibilities include formulating owned 2 computer software copyrights.
the Company’s IP policies and objectives, ensuring the provision of an appropriate organizational structure to support IP management
implementation, and presiding over management reviews of the IP management system, thereby maintaining its ongoing effectiveness.
The Company has obtained the certification of GB/T 29490-2013 intellectual property management system. There were no intellectual property
disputes in 2025.
Intellectual
Property
Management
Project Initiation Stage R&D Stage Production Stage Sales Stage
The R&D Center uses intellectual property risk R&D achievements are evaluated and The Manufacturing Center evaluates The Marketing Center monitors competitors’
assessment and contingency planning as the confirmed, ownership rights are clarified, improvements and innovations, determines activities, collects information on potential
basis for project initiation and budgeting. and intellectual property rights are secured appropriate protection measures, and secures infringements, and maintains relevant records.
accordingly. corresponding intellectual property rights.
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Product and Service Safety and Quality
The Company regards product quality as the foundation of its long-term development. It consistently upholds the business philosophy of “Building Brand Reputation Through Quality, Gaining Market Trust Through Service, and
Driving Growth Through Professionalism”. The Company fully implements its quality policy of “Quality First, Continuous Improvement, and Customer Satisfaction”, adheres to innovation-driven growth, deepens lean management
practices, and continuously provides customers with more professional and efficient solutions. During the reporting period, the Company did not experience any significant quality or safety incidents for which it was held
responsible.
Quality Governance
The Company has established a rigorous quality assurance system based on its quality policy of “Quality First, Continuous During the
Improvement, and Customer Satisfaction”. The Quality Center serves as the primary responsible department of the Company and Reporting Period
comprises the Quality Management Department and the Quality Assurance Department. The Company has formulated management
regulations , including the Production Control Procedure, the Control Procedure for Finished Product Inspection, and the Nonconforming
Product Control Procedure, ensuring that quality control measures are implemented throughout the entire process from production 24 quality training sessions were carried out, with a total of 153
participants and an accumulated duration of 1,738 hours.
to warehousing. Strict quality control measures are applied at each stage. The General Manager is responsible for approving the
Company’s quality policy, objectives, indicators, and new product development.
The Company had obtained certifications for the IATF 16949:2016 Quality Management System, the ISO 9001:2015 Quality
Management System, and the QC 080000:2017 Hazardous Substance Process Management System.
Quality Center
Quality
Representatives
Quality Management Department
Quality Assurance Department
Product and Service Organizational Structure QC 080000:2017 Quality Training
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Quality Strategy
Risks Opportunities
Trigger Potential Financial Potential Financial
Risk Type Risk Analysis Response Measures Opportunity Type Opportunity Description
Probability Impact Impact
Updates to product-related Regularly monitor domestic and
regulations and standards, international laws, regulations, standards,
Increased and industry codes, promptly revises its
notably stricter restrictions on In terms of policy
investment required internal hazardous substance control
Policy and Legal hazardous substance content opportunities, national and
Low for compliance standards, and strictly implements these Access to policy-
Risks limits and functional safety
upgrades and local governments have in
standards, may prohibit non- updates; based funding
higher export costs. recent years continuously
compliant products from entering Sign the declarations on the non-use of support, reduced
target markets. increased support for quality
hazardous substances with suppliers. Policy Opportunity costs of quality
improvement and standard
improvement, and
formulation, providing
enhanced brand
significant development
recognition.
momentum for high-tech
enterprises.
Product quality
issues and delayed Formulate procedure documents such as
Non-compliant supplier
deliveries may the Supplier Control Procedure, Sample
qualifications, fluctuations
damage brand Control Procedure, and packaging
Supplier in material performance, or
Low reputation and specifications;
Risks inadequate control during
reduce customer
transportation may directly Sign quality and confidentiality
trust, leading to
jeopardize final product quality. agreements with suppliers.
decreased sales
revenue.
Amid deepening economic
development, market
requirements for product
quality continue to rise. This
creates favorable conditions
Rapid iteration of customer
Product quality for enterprises to enhance
requirements may result in Expanded
problems may Formulate quality control systems and brand reputation, expand
delivered products failing to meet Market Demand market share
lead to increased management measures to strengthen market share, and improve
the customer’s requirements; Opportunity and increased
customer product quality control in the production process; economic benefit. It also
Undetected batch defects in raw operating income.
return rates and
materials or failure to timely label Strictly enforce the incoming and provides development
reduced sales
Operational Risks Medium and control defective products outgoing quality inspections of finished space for enriching product
revenue;
may lead to defective products products; portfolios and optimizing
The costs of
being delivered to customers; Formulate the Product Identification and product structures, thereby
handling complaints
Mixing of materials, or improper Traceability Control Procedure to ensure
and compensation further enhancing overall
misplacement of conforming and clear labeling of material racks.
lead to increased profitability.
non-conforming products, may
costs.
affect product quality.
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Management of Impacts, Risks and Opportunities
To safeguard product quality, the Company conducts potential risk identification in areas such as quality, hazardous substances, and non-conforming products in accordance with the Risk and Opportunity Control Procedure. Risk
analysis is integrated throughout the entire process, including product design and development, production, and finished goods management, so as to mitigate potential quality risks.
Metrics and Targets
Performance Indicators 2025 Target Values 2025 Actual Achievement Values
To ensure the effectiveness of quality management processes, maintain
product quality compliance, fulfill customer expectations, and achieve C3-2 Stamping Process Inspection Pass Rate (%) ≧ 99.3 99.68
quality objectives, the Company has formulated the Objectives, Targets,
and Implementation Management Procedures to establish, monitor, and
C3-3 Molding Process Inspection Pass Rate (%) ≥ 99.5
continuously improve Key Performance Indicators (KPIs) for processes
related to the quality management system. Annually, the Company sets
annual objectives and targets, cascaded down to specific departments.
Adjustments are implemented promptly based on target achievement
C3-5 Assembly Process Inspection Pass Rate (%) ≥ 99.5 99.66
status.
Cost of Poor Quality (COPQ) Loss Rate (%) ≤ 0.12 0.054
Quality Pursue zero defects and make WCON a byword for Number of Continuous Improvement Projects (Pieces) 5 5
Objectives high quality in the connector industry.
Document Distribution Accuracy Rate (%) 100 100
HSF
Incoming Material Inspection Pass Rate (%) ≧ 98 99.25
Objectives HSF customer complaint rate - zero.
Incoming Batch Missing Quantity (Pieces) ≦3 0.83
Assembly Batch Non-conforming Quantity (Pieces) ≦1 0.33
During the
Customer Return PPM 770
Reporting Period
The Company's product
Customer Acceptance Pass Rate (%) ≥ 99.6 99.80
pass rate was 99.76%. HSF Incoming Inspection Pass Rate (%) 100 100
HSF Monthly Product Complaint Rate (%) 0 0
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Quality Management Measures Product Recall Management
Whole-Life-Cycle Management of Products The Company has established procedural documents such as the Product
Recall Control Procedure and the Corrective & Preventive Actions Control
Procedure. For products with serious environmental non-compliance or
The Company has implemented an integrated product whole-life-cycle management system covering every stage, from incoming quality defects, including those posing safety hazards, the Company handles
material inspection, manufacturing processes, and finished product inspection. It also conducts full-process tracking of after- such cases in a timely manner in accordance with the requirements of the
sales services. This end-to-end framework ensures precise quality monitoring at each phase, enabling systematic management and recall procedure to prevent adverse impacts on customers.
continuous product quality optimization, ensuring that product quality consistently meets customer requirements.
No products must be withheld or recalled during the reporting period due to
health and safety concerns.
Quality Management Process
Recall Procedure
Incoming Material Inspection Production Process Finished Product Inspection
The Incoming Material Inspection The In-Process Inspection Control The Finished Product Inspection
Triggering Circumstances
Control Procedure is established Procedure has been established to Control Procedure has been
to standardize the inspection standardize critical control protocols, established to stringently
process for externally procured or including sample reception, first- standardize incoming inspection
outsourced production materials. article inspection, and last-article and o
utgoing inspection Product Identification & Evaluation
This protocol encompasses sampling verification. This framework processes based on product
supplier qualification verification, ensures that all production stages categories, ensuring the outgoing
statistical sampling inspection, operate under controlled conditions, products comply with the
material identification, and maintaining consistent quality and Traceability & Recall Planning
requirements.
segregated storage protocols. stability. Additionally, dedicated
Materials passing inspection are control procedure documents for
authorized for warehouse entry, stamping, injection molding, and Information Disclosure
while non-conforming items are copper wire production have been
processed in accordance with the developed to define standardized
Non-conforming Product Control workflows across all manufacturing
Procedure, thereby safeguarding workshops, ensuring product quality. Product Retrieval
product quality at the source.
Dispose Non-conforming Products
The Company has established and strictly implemented the Non-conforming Product Control Procedure and the Defective Product 07 Documentation
& ROHS Disassembly Management Specification, among other procedural documents, to ensure that non-conforming products are
promptly controlled and handled throughout the entire process, including raw material input, production, product output, and service
delivery. This prevents the mixing of non-conforming products with conforming products in subsequent processes or shipment. Corrective Actions
In addition, the Company standardizes the disassembly and processing workflow for defective products, conducts analysis and
summarizes lessons learned, and provides solutions to address the root causes of quality abnormalities.
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Customer Service Assurance Customer Satisfaction Survey
The Company provides professional services and high-quality products to meet the diverse needs of customers. Through the formulation of the Sales The Company has established the Customer Satisfaction
Management Control Procedure, it has systematically standardized the full-process control mechanism covering pre-sales, in-sales, and after-sales Management Procedures to standardize survey methods,
stages, improved internal customer service management, enhanced responsiveness to customer requirements, and remained committed to improving data collection, and evaluation criteria. The Marketing
customer satisfaction. Center proactively monitors customer satisfaction on
a monthly basis and conducts an annual customer
satisfaction survey in the form of questionnaires. For
Customer Complaint Handling automotive customers, business personnel collect customer
scorecards or monthly performance assessment data
The Company has established the Customer Complaint Handling Control Procedure and formed a dedicated complaint handling team to ensure timely on a monthly basis to collect and understand customer
response to customer complaints and the prompt and effective resolution of customer issues, thereby enhancing customer satisfaction. In addition, feedback regarding services, products, delivery timelines,
the Company has implemented the 8D problem-solving methodology to analyze and resolve customer complaints. It continuously monitors the quality, and management systems. The collected results
implementation of corrective measures and tracks their effectiveness to ensure that issues are effectively resolved and prevented from recurring. are subject to internal statistical analysis and client-side
feedback evaluation. In response to customer comments
and suggestions, relevant departments implement
corresponding improvement measures to continuously
enhance products and services, thereby further improving
customer satisfaction.
During the reporting period, the Company distributed
Root Cause Analysis
a response rate of 85.91% and a customer satisfaction
score of 95.79.
Initial Problem Potential Cause Permanent Corrective
Understanding Identification Actions
NO
Root Cause Effectiveness Verification
Problem Description
Verification and Standardization
YES
Interim Containment
Root Cause Confirmation Lessons Learned
Actions
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Responsible Supply Chain Supply Chain Governance
The Company has established internal systems, including the Supplier Management Control Procedures and the Procurement
Control Procedures. These clarify a comprehensive set of supplier lifecycle management framework covering the entire process
The Company is committed to building a sustainable supply chain. While ensuring from supplier onboarding to supplier phase-out. This ensures the selection of compliant and high-quality partners and
procurement requirements are met and contractual obligations are fulfilled promptly continuously safeguards the stable quality of raw materials and components, as well as reliable service delivery. The General
it actively encourages suppliers to improve their sustainability performance and Manager of the Company is responsible for approving qualified suppliers and making decisions on major issues arising during
progressively integrates sustainability-related elements into full lifecycle supply the procurement process. The Procurement Department is responsible for the development, evaluation, and management of new
chain management. suppliers, conducting procurement negotiations and contract signing, as well as carrying out comprehensive supplier performance
evaluations and providing guidance where necessary.
Supply Chain Strategy
Risks Opportunities
Impact Potential Impact
Risk Type Risk Description Response Measures Opportunity Opportunity Description Potential
Time Financial Time
Type Financial Impact
Duration Impact Duration
Economic
Insufficient supplier delivery capacity or
losses and The Company attracts Enhanced
disruptions in logistics and transportation may Green
Supply Chain customer Strengthen full lifecycle supplier management, environmentally conscious Medium and brand image
lead to delays in raw material delivery, affecting Short-term Supply
Disruption Risk order enhance supplier admission and evaluation customers by promoting long-term and increased
production schedules and resulting in delayed Chain
cancellations, mechanisms, and cultivate high-quality suppliers; sustainable practices. sales revenue.
order fulfillment.
leading to Promote supply chain resilience by actively developing
reduced new supplier channels to reduce dependence on a
operating single supply chain;
A complex and volatile international environment income and Formulate the Contingency Drill Plan for Externally
may affect the Company’s import of raw materials increased Sourced Processes and organize emergency drills to
Political and Medium- additional By integrating advanced
and equipment in the future, potentially leading improve emergency response capabilities.
Economic Risk term procurement information technologies
to increased procurement costs or delayed
costs. such as the Internet of
deliveries. Optimized
Things (IoT), big data, and
operational
artificial intelligence (AI),
processes,
the Company enhances
Supply streamlined
Strengthen analysis of raw material price trends and the intelligence and Medium and
Chain Digital management
flexibly adjust procurement cycles based on market automation of supply long-term
Transformation procedures,
dynamics while standardizing procurement planning chain management,
and reduced
The Company’s raw materials include metals management. thereby improving
Price rises operating
Price and plastic materials. Significant fluctuations Short- to responsiveness, decision-
increase Establish and maintain good partnerships with costs.
Fluctuation in market copper prices, precious metal prices, medium- making accuracy, and
procurement upstream suppliers to enhance price stability at the
Risk or international oil prices may lead to price term adaptability to market
costs. source.
fluctuation risks for raw materials. changes.
Reduce production material consumption by improving
product value-added and optimizing production
processes.
Note: Short-term——Within 1 year; Medium-term——1–5 years; Long-term——Over 5 years
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Management of Impacts, Risks and Opportunities
Supply Chain Enhance supply chain responsiveness to ensure timely delivery.
To ensure the security, stability, and sustainability of the supply chain, the Company Efficiency Reduce inventory levels in the supply chain to lower inventory costs.
proactively identifies potential risks, such as changes in the external environment and Targets Optimize supply chain processes to improve operational efficiency.
supplier performance issues, based on its business characteristics and supply chain
realities. Risk analysis is integrated into every stage of supplier admission, evaluation,
raw material procurement, and transportation. Through the management principle of
“Prevention-Response-Continuous Improvement,” the Company promptly identifies and
addresses various risks within the supply chain, continuously enhancing its resilience and Establish and maintain stable supplier relationships to ensure supply stability.
sustainable development capabilities. Supplier Continuously source high-quality suppliers to enhance product quality and
Management competitiveness.
Targets
Refine supplier engagement models for mutual success.
Prevention First
Establish tiered mechanisms covering supplier performance
evaluation, real-time logistics monitoring, and cybersecurity
compliance audits, enabling proactive identification and Reduce procurement costs by seeking more competitive suppliers.
mitigation of supply chain security risks. Cost Control Control transportation and warehousing costs and achieve cost savings by optimizing
Targets logistics management.
Regularly review cost structures to identify opportunities for cost reduction.
Rapid Response
Once a supply chain security problem occurs, quickly activate
the emergency plan, take adequate measures to solve the
problem, and reduce losses. Metrics 2025
Number of suppliers 42
Continual Improvement
Regularly evaluate and optimize the supply chain security
Proportion of procurement expenditures from local suppliers 50%
management system to continuously improve the supply
chain security level. Number of suppliers certified under quality management systems
Number of suppliers certified under environmental management systems 17
Management Principles Number of suppliers certified under occupational health and safety
management systems
Number of suppliers suspended due to non-compliance 0
Metrics and Targets Number of prospective suppliers rejected due to non-compliance 0
The Company has clearly defined its targets and metrics in supply chain management, Percentage of suppliers that have signed the Integrity Agreement 100%
establishing corresponding measurement methods and monitoring plans. Through
effective supply chain management, it aims to enhance operational efficiency, reduce Note: The number of suppliers is counted based on the list of qualified suppliers. Local suppliers refer to enterprisesregistered within Guangdong
costs, and deliver superior products and services. Province.
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Whole-Life-Cycle Management of Supplier assessment
Supplier
The Company operates a tiered supplier evaluation system, conducting periodic performance assessments for different types of appraisal objects.
The Company continuously improves the supplier Assessments focus on four core performance metrics: quality compliance, quality performance, delivery reliability, and collaborative engagement. Based on
management system, which covers key links such as cumulative evaluation scores, suppliers are classified into four tiers: Grade A, Grade B, Grade C, and Grade D. The Procurement Department aligns sourcing
new supplier admission evaluation, assessment and strategies with these ratings.
regular on-site audits, and implements full-process
closed-loop management to effectively ensure the
controllable quality of suppliers and the security and
stability of the supply chain.
Grade A 90-100 points, grant prioritized procurement status with discretionary increases in purchase orders and manufacturing allocations.
Supplier admission
The Procurement Department of the Company
identifies potential suppliers according to the material
supply status, supplier evaluation and supplier
development plan. After preliminarily determining that Grade B 80-89 points, maintain the current order quantity, and the supplier should continue to improve.
the suppliers meet the requirements, the suppliers
need to complete the Supplier Capital Information
Form, collect supplier information, preliminarily screen
suppliers with strong comprehensive capabilities,
cooperation commitment, and alignment with the
Company’s standards, and evaluate the suppliers 70-79 points, appropriately reduce purchase volumes or suspend procurement. For certain more serious issues, issue warnings and notify
from three aspects: supply chain reliability, technical suppliers, requiring them to submit improvement plans within one week. Demand corrective actions for deficiencies and confirm the
Grade C
expertise, and quality assurance systems. results of submitted measures. IQC shall conduct stricter inspections on materials from this manufacturer. A supplier rated as Grade C for
over three consecutive months will be downgraded to Grade D.
To ensure the quality and compliance of materials
used in automotive products, the Company explicitly
prioritizes suppliers certified by IATF 16949, and
systematically controls the purchased materials,
processes and services to ensure that they fully comply
its facility. If a supplier is rated as Grade D twice in a row, the Procurement Department will issue an official corrective action notice
with the current laws and regulations in the receiving
Grade D (CAR); if the supplier fails to improve within the rectification period, the supplier will be disqualified. If a supplier is rated as Grade D for
country, the country of dispatch, and the country of
three consecutive months and its production lines are halted due to environmental issues or customer complaints, its business will be
destination determined by the customer. On this basis,
terminated, and its qualification as an approved supplier will be cancelled.
all direct material suppliers are required to sign the
following agreements with the Company: Supplier
Quality Assurance Agreement, Supplier Material PCN
Agreement, and Supplier Environmental Compliance Supplier Audit and Evaluation
Agreement. These contractual agreements reinforce
quality responsibilities and environmental obligations,
enabling the Company to continuously build a stable, The Company has set up an audit team composed of relevant personnel from the Quality Management Department, Procurement Department and R&D
reliable, and compliant supply chain system. center, and conducts an annual audit once a year. For unqualified suppliers, a rectification period of four months can be given. After passing the re-review
four months later, it can be included in the list of qualified suppliers again. Otherwise, it will be listed in the “Supplier Elimination Plan.” Suppliers listed
in the “Supplier Elimination Plan” or those without business transactions for two years shall undergo audit and evaluation according to the new supplier
admission process to restart their business.
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Empower with Digitalization
The Company uses the Supplier Relationship Management (SRM) system as the information management platform for supplier relationships. The system integrates various functions such as the procurement process, supplier
evaluation, and cooperation and collaboration. This platform is used to effectively manage the entire life cycle of suppliers, from screening and admission to transaction cooperation, performance evaluation, and subsequent
relationship maintenance, so as to realize transparency of procurement cost, process automation, enhance supply stability, realize information sharing and collaboration, ensure compliance of procurement transactions, and
improve the overall quality and cooperation satisfaction of suppliers. At the same time, it can monitor supplier performance and risks in real-time, such as delivery delays, quality problems, etc., issue early warnings and take
measures to reduce the risk of supply interruption.
Supplier ESG management
Supplier ESG management is critical for companies to achieve sustainable development goals. To effectively implement ESG practices across supply chains, enterprises adopt a systematic approach encompassing the following
measures: formulating clear ESG policies and standards, selecting ESG-compliant suppliers, establishing a regular communication mechanism, providing training and support, setting clear ESG improvement targets and metrics,
conducting supervision and audits, and establishing an incentive mechanism. At the same time, the Company maintains a vigilant focus on market dynamics, regulatory updates, and internal growth trajectories. It continuously
refines ESG management frameworks and standards for supplier networks, fostering a mutually beneficial ecosystem that drives collaborative development. This commitment ensures joint progress toward co-creating an eco-
conscious, socially responsible, and sustainable future with supply chain partners.
The Company proactively pioneers a “Transparent Procurement” model, ensuring open, equitable, and transparent procedures that eliminate backdoor operations. The Company signs
Transparent the Integrity Agreement with suppliers to strengthen oversight of anti-monopoly, anti-bribery, and anti-corruption practices, guaranteeing the fairness and transparency of their business
Supply Chain activities. This safeguards the legitimate rights and interests of both parties and fosters the development of a healthy, trustworthy cooperative relationship between the Company and its
suppliers.
In terms of environmental protection, the Company requires suppliers to take necessary environmental protection measures, such as reducing emissions, protecting resources, and recycling
waste, to reduce the adverse impact on the environment. Suppliers are encouraged to use renewable energy and energy-saving factory technologies to reduce energy consumption and
carbon emissions. Additionally, the Company manages suppliers’ water usage by requiring them to take effective measures to reduce water withdrawal and to treat water and wastewater in
Green Supply an environmentally compatible manner.
Chain The Company has established the Control Procedure for Energy Services, Products, Equipment, and Energy Procurement to effectively manage the procurement processes for energy services,
products, equipment, and energy. This procedure identifies qualified suppliers and ensures that procured energy services, products, and energy meet specified requirements, thereby
enhancing energy performance and promoting efficient energy utilization.
In terms of human rights management in the supply chain, the Company require suppliers to respect and protect international human rights and not engage in acts that violate or infringe
Responsible
on human rights., prohibit suppliers from using child labor, forced labor or any form of compulsory labor to protect the legitimate rights and interests of employees, and is committed to
Supply Chain
encouraging suppliers to provide employees with a working environment that respects diversity and inclusiveness and advocates equal and fair business ethics.
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Conflict Minerals Management
Control Measures
The Company continuously refines its supply chain
compliance management system by establishing the
Control Procedures for Prohibiting the Use of Conflict If an investigation or testing have confirmed that conflict minerals originating from the Democratic Republic of the Congo and its adjacent
Minerals and Conflict Minerals Management Measures. regions have been used in the supplier’s materials.
It publicly issues the Commitment to Not Use Conflict
Minerals, which serves as a core requirement for supplier
admission. The Company unequivocally pledges to neither
support nor procure any mineral resources that directly
or indirectly finance armed conflicts. Through systematic
due diligence and end-to-end supply chain traceability, it
rigorously ensures the compliance and ethical sourcing of Suspend procurement of Require the supplier to submit Require suppliers to re-sign
raw materials. materials from this supplier and a written root cause analysis commitment letters and submit
issue a formal notice. and immediately cease the use rectification plans within the
In its management practices, the Company has established
of conflict minerals. specified timeframe, including
a conflict minerals prevention and control system that
verifiable sources of compliance
covers the entire process. Adhering to the relevant
and specific preventive measures.
standards and frameworks of the Responsible Business
The Company strictly verifies
Alliance (RBA) and the Responsible Minerals Initiative
the rectification effect, and only
(RMI), the Company conducts Reasonable Country of
after passing the review can it
Origin Inquiries (RCOI) to identify risks within the supply
consider conditional resumption
chain. The Procurement Department, Quality Assurance
of procurement, otherwise the
Department, R&D Center, and Marketing Center of the
cooperation will be terminated
Company have clearly defined management responsibilities
and the supplier will be included
and collaborate on prevention and control measures.
in the high-risk list.
They are committed to eliminating conflict minerals at the
source, effectively fulfilling responsible procurement and
corporate social responsibility.
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Uniting the Employees,
Enriching the Society Responded
Topics
WCON consistently regards talent as the core driving force of its
development, continuously optimizes its human resources management
system, effectively safeguards employees’ legitimate rights and
Protection of Employees’ Legal Rights and Interests
interests while establishing a work environment characterized by
equality and respect. The Company focuses on tapping employees’ Training and Development
potential, empowering each individual to achieve self-fulfillment and Occupational Health and Safety
clarify their career development path. Simultaneously, it continuously Contribution to Society
refines its occupational health and safety management framework to
comprehensively safeguard employees’ physical and mental well-being
and personal safety.
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Safeguarding Employees’ Rights
As of the end of the
Reporting Period
The Company places high importance on human rights protection and strictly adheres to laws and regulations such as the
Labor Law of the People’s Republic of China and the Labor Contract Law of the People’s Republic of China. During the reporting The Company had 1,668 employees.
period, it revised multiple human resources management systems, including the Employee Handbook, continuously improved
the human resources management system framework, strengthened the systematic development of human rights protection
mechanisms, and comprehensively safeguarded employees’ lawful rights and interests.
By academic
By Gender By age By job level By profession
qualification
Female (846 in persons) Under 30 (exclusive) years old(540 in persons) Master’s degree or above (15 in Senior management (17 in persons) Production (1,273 in persons)
persons)
Male (822 in persons) 30 (inclusive) to 40 (exclusive) years old (706 Middle management (80 in persons) Sales (84 in persons)
in persons) Bachelor’s degree (160 in persons) Non-managerial Staff (1,571 in Technology (202 in persons)
Finance (17 in persons)
Below college degree (1,188 in Administration (92 in persons)
persons)
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Talent Attraction and Recruitment During the
Reporting Period
Recruitment Management
Number of new employees Social recruitment On-campus recruitment
During the reporting period, the Company revised the Recruitment and Appointment Management Measures to continuously 900 persons 861 persons 39 persons
standardize the recruitment and appointment process. This ensures that the procedures for interviews, evaluations, salary
determination, background checks, and hiring for each position are legal and compliant, strictly mitigating risks associated
with personnel recruitment. The Company prohibits all forms of discrimination. By implementing the List of Prohibited
Questions for Interviewers, the Company rigorously ensures fairness and impartiality in the recruitment process. In 2025, no
child labor or forced labor incidents occurred in the Company.
The Company continues to broaden its diverse recruitment channels to expand its talent pool and is committed to providing
equal and inclusive employment opportunities for job seekers from all backgrounds.
Internal Recruitment
"Talents in South Guangdong" Spring Recruitment Campaign
The Company has established the Internal Referral and Selection Management Measures to encourage employees to actively
participate in internal referrals and selections based on position recruitment requirements. Rewards are granted according
to established standards, based on the job level of the successfully hired candidate. Furthermore, the Company strictly Diversity, Equality, and Inclusion
enforces the recusal principle, explicitly requiring the referring employee to withdraw from the interview and decision-
making process. This creates an institutional safeguard against conflicts of interest, ensuring the objectivity and fairness of
The Company has established policies, including the Anti-Discrimination Policy, Management
the selection process.
and Control Procedure, and the Human Rights Policy Statement, to regulate employee
During the reporting period, a total of 63 internal referral resumes were received, with 47 candidates successfully hired. management practices and to genuinely respect, protect, and promote human rights.
Internal referral bonuses totaling RMB 17,000 were distributed, and the compliance rate of the recusal principle reached Throughout all stages of employment, including employment, compensation, training,
promotion, termination, and retirement, the Company prohibits discrimination based on race,
union membership, or political affiliation. The Company ensures all individuals enjoy fair,
equitable, and reasonable employment opportunities while continuously fostering a diverse,
External Recruitment equal, and inclusive workplace environment.
During the
Social recruitment: The Company collaborates with online recruitment platforms such as 51job, Zhitong Talent, and Lexun Reporting Period
Headhunting to establish an efficient social recruitment channels, and effectively improve the precision of job-to-candidate
matching.
On-campus recruitment: During the reporting period, the Company participated in 2 campus recruitment fairs, covering The Company had 2 disabled employees, 170 ethnic minority employees, in
multiple disciplines including science and engineering, humanities & social sciences. The positions offered spanned technical which 4 in the management.
R&D, securities affairs, and functional support, catering to the career needs of fresh graduates from diverse academic
backgrounds. The recruitment infuses the Company with sustained innovative vitality and core human capital essential for
long-term development.
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Case Construction of Accessibility Facilities Protection of Rights and Interests of Female Employees
The Company consistently upholds the principle of respecting and supporting female employees, strictly adhering
Upholding the people-oriented core value, the Company continuously optimizes its
to internal requirements such as the Special Provisions on the Labor Protection of Female Employees. In workforce
barrier-free environment to remove physical obstacles and ensure that employees
management, the Company ensures female employees receive equal compensation and fair career development and
with special needs can participate in work on an equal basis. Barrier-free ramps
promotion opportunities alongside their male counterparts. The Company fully implements statutory leave policies
are installed at the main entrances and exits, and barrier-free elevators equipped
such as maternity and parental leave, guaranteeing full pay during these periods. Furthermore, the Company expressly
with horizontal low-position buttons, braille signs, voice announcements and other
prohibits any wage reduction, dismissal, or termination of employment contracts on grounds of pregnancy, childbirth,
functions are provided. The Company strives to build a more inclusive and caring
or breastfeeding. These practices collectively safeguard the lawful rights and interests of female employees.
workplace and public space, contributing to the development of a barrier-free society.
During the
Reporting Period
enjoyed parental leave.
Training and Development
Employee Training
New Employee Orientation Onboarding Guidance
The Company attaches great importance
to talent cultivation, continues to promote
Post Qualification Training Operation Process Training, Operation Instruction Manual Training
the systematic construction of employee
training, and builds a hierarchical and
classified training structure to cover all- Quality Inspection Personnel Training, Manufacturing Personnel Training, Marketing Personnel
Functional Training
dimensional growth needs, such as new Training, Procurement Personnel Training
employee induction guidance, on-the-job Training
skills improvement, management talent Framework Management Competency Frontline Supervisor Training, Mid-level Management Training, Senior Executive Leadership
advancement, and internal curriculum Development Training Development
creation. Building upon a standardized Plan
training framework, the Company has
a d va n ce d i t s p e rs o n a l i ze d l e a r n i n g Quality System Training Quality Skills and Concepts Training, ISO Training
approach. Training content and learning
pathways are tailored to align with role-
s p e c i f i c c o m p e t e n c y re q u i re m e n t s , Internal Lecturer Training TTT (Basic, Intermediate, Advanced), TWI Job Instruction, Training Tools and Methods
individual career development plans,
and personal growth objectives. Training
assessments are conducted to evaluate Industrial Safety Training, Occupational Health and Safety System Training, Hygiene and Safety
Safety Training
Training, Process Safety Management Training
learning achievements.
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Internal Training Mechanism External Training Mechanism
During the reporting period, the Company implemented the Mentor Management Measures as a core initiative The Company actively establishes external learning and development channels for employees to enhance
for talent pipeline development, new employee induction, and professional skill transfer. Mentors received their professional skills and broaden their knowledge horizons. The Company strictly implements external
corresponding bonuses for assisting new employees in quickly familiarizing themselves with the Company’s training in accordance with the External Training Management Measures. When formulating annual training
corporate culture, organizational structure, and business processes, thereby facilitating their smooth integration plans, all departments shall simultaneously incorporate external training programs and corresponding
into the workplace and enhancing their job competency. budgets into their planning scope. Institutionalized management ensures the effectiveness of employee
external training.
In 2025, a total of 297 participations were recorded under the Mentor Management Measures.
Career development
During the
Reporting Period The Company attaches great importance to the clear career development channel of employees
and the improvement of the growth incentive mechanism, and has formulated the Position
Promotion Assessment System. By establishing a fair, just and open competition and promotion
mechanism, the Company further standardizes the full-process management of promotions,
clarifies the promotion assessment standards, evaluation procedures and application rules of
results, and provides a clear and accessible promotion path for employees at different levels
accumulated training duration of 16,200 hours. The average training hours per employee per and positions.
year were 14.59 hours, and the employee training coverage rate was 100%. The Company’s promotion process strictly adheres to the principle of placing equal emphasis on
ethics, capability, and performance. Promotion types encompass three major categories: regular
promotions for positions at Levels 1 to 3, specialized promotions for technical apprentices
and assistant engineers, and annual promotions for positions at Level 4 and above. Promotion
criteria and evaluation standards are clearly defined, with the previous year’s performance
assessment results combined with the supervisor’s comprehensive assessment serving as
the core basis. The evaluation process is conducted in two sessions annually. Through this
standardized and regular promotion assessment mechanism, the Company ensure fairness and
transparency in talent development pathways.
In alignment with its "people-oriented" development philosophy and to support employees in
achieving long-term career growth, the Company formulated and implemented the Personal
Development Incentive Management Measures during the reporting period. These measures
encourage employees to independently pursue academic advancement or obtain professional
skills certifications based on their own career paths and personalized learning needs. The
Company provides corresponding rewards for such achievements, thereby enhancing
employees’ personal capabilities and career prospects, and injecting sustained momentum into
employees’ long-term development.
During the reporting period, the Company launched its first "Employee Master’s Degree
Program Advancement Initiative" to help employees achieve breakthroughs in both educational
attainment and capabilities. This initiative paves a sustainable path for their careers while
providing solid support for the Company’s medium-to-long-term talent pipeline development.
New Employee Training
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Performance Management Compensation and Benefits Management
In 2025, the Company revised the Performance Management Measures and the Compensation Management
Communication and Grievance Management Measures, establishing and implementing
a scientific and robust performance management system. This initiative aims to In 2025, the Company revised the Compensation Management Measures, taking fairness and impartiality as the core
continuously enhance the work performance of the Company, departments, and principles, based on the essence of distribution according to work, to build a compensation system that is legal, fair,
employees; support the optimization and upgrading of departmental operational competitive and motivating, and comprehensively standardize the compensation structure, salary determination standards,
efficiency; ensure the solid fulfillment of employee responsibilities; and fully unlock adjustment mechanisms and salary distribution processes. The Company strictly adheres to the minimum wage standards
employee potential, thereby providing strong support for the Company’s high-quality in the region, providing employees with compensation that meets the minimum wage requirements stipulated by law or
development. industry regulations.
Performance Assessment Mechanism Benefits
The Company has established a standardized performance assessment system founded
The Company places a high priority on enhancing employee well-being. It has established two core policies, the Attendance
on the core principles of fairness, transparency, and impartiality to evaluate employees’
and Leave Management Measures and the Employee Benefits Management Measures, to build a standardized employee
work performance in a scientifically rigorous and objective manner. Concurrently, the
welfare system. These policies clearly define the leave application process and salary calculation standards, ensuring the full
Company has established a dedicated KSF Management Team to oversee performance
implementation of all legally mandated leave benefits. Through comprehensive welfare guarantees and humanistic care, the
assessment activities across the organization. By providing target-setting tool templates,
Company effectively motivates all employees and strengthens their sense of identity and belonging to the organization.
the team assists departmental managers in formulating performance targets and
rigorously reviews the alignment of those targets with corporate strategy. This ensures
the scientific rigor of the performance assessment mechanism and the fairness of the Employee Benefits
evaluation process, thereby enabling performance management to effectively enhance Employees are entitled to legal holidays, paid annual leave, marriage leave, bereavement leave, maternity leave, and
Leave Entitlements
organizational effectiveness. The Company has established the Outstanding Employee other holidays in accordance with the law.
Selection and Management Measures to recognize employees who demonstrate
exceptional performance, innovative contributions, and proactive teamwork. This Pay the five social insurances and one housing fund in accordance with the law, and provide free accommodation and
Living Security
initiative combines material rewards with commendations to acknowledge and affirm meals for on-the-job employees.
outstanding employees, thereby enhancing their sense of professional honor and
achievement. Provide various allowances for employees who have completed at least one year of service with the
Allowances organization, such as marriage congratulatory money, a funeral subsidy, a travel subsidy for visiting relatives,
During the reporting period, the Company selected a total of 62 annual outstanding and an annual living allowance.
employees and 160 quarterly outstanding employees. The selection process covered Employees are granted performance-based incentives, such as performance awards, full-attendance bonuses, and
performance commissions, based on their job performance evaluations and attendance records.
technical, operational, and functional roles.
Team-building
Regularly organize team dinners and company trips and provide birthday gifts to employees
Interaction
Grievance and Feedback Mechanism
The Company integrates two-way communication between employees and their
supervisors throughout the entire KSF assessment process, establishing a performance Case 2024 Employee Stock Ownership Plan
feedback and grievance mechanism that is both standardized and people-oriented.
Following the assessment, supervisors shall provide employees with feedback on their To establish a robust mechanism for deeply integrating and sharing the interests of employees and shareholders,
assessment results and the basis for their assessment through a face-to-face meeting. and to further enhance team cohesion and corporate growth momentum, the Company launched an Employee
Together, they should analyze shortcomings in achieving KSF and develop targeted plans Stock Ownership Plan in 2024. Under this plan, 982,550 shares were granted to 80 incentive recipients. These
for skill enhancement and performance improvement. If an employee has objections to shares were transferred to the dedicated securities account of the Employee Stock Ownership Plan via a non-
the assessment results, they may submit a Performance Assessment Grievance Form to trading transfer on January 22, 2025, at a transfer price of RMB 38.34 per share. As of the end of the reporting
their department supervisor or file a grievance through online channels such as Feishu period, the Employee Stock Ownership Plan was still within its lock-up period. The number of employees
or email. incentivized by the plan accounted for 4.80% of the total number of employees of the Company.
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Labor Relations Management Employee Care and Communication
Labor Dispute Management Employee Activities
The Company has established management measures and handling The Company attaches importance to the balance between employees' work and life and encourages their participation in the diverse
procedures for labor dispute incidents in accordance with laws and recreational and cultural activities organized by the Company. Through a wide variety of team-building, cultural, and leisure activities, the
regulations such as the Labor Law of the People's Republic of China and Company aims to help employees relieve work-related stress, enhance team cohesion and unity, and effectively improve their sense of
the Law of the People's Republic of China on Mediation and Arbitration happiness and belonging.
of Labor Disputes. It has set up a Labor Dispute Mediation Committee
to standardize the prevention, mediation, and resolution processes
for labor disputes within the Company. This ensures the lawful rights
and interests of both employees and the Company, maintains normal
production and operational order, and fosters harmonious labor
relations.
The Company actively implements preventive measures to minimize
labor disputes. This includes refining human resources systems and
policies, standardizing labor contract management, establishing
regular communication channels, conducting periodic training for
managers on labor laws and regulations, and performing compliance
reviews on major decisions affecting employee interests.
In 2025, the Company did not experience any labor disputes.
Termination Management 2025 All-Employee Summer Trip
The Company strictly adheres to laws, regulations, and relevant
institutional requirements by formulating the Termination Management
Measures. This establishes a standardized termination management
mechanism to safeguard the lawful rights and interests of separated
employees, including salary settlement, benefit fulfillment, and
labor compensation. Through humane and compliant termination
management practices, the Company maintains sound labor-capital
relations and upholds the principles of responsible employer conduct.
Basketball Game
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Employee Care Democratic Governance
The Company upholds a people-oriented philosophy of responsibility, providing employees with comprehensive care throughout The Company respects and safeguards employees' rights to exercise democratic
their entire career journey. management. It has established a Labor Union Committee composed of employee
representatives and an Employee Representative Congress. The Company continuously
improves the employee democratic management system led by the Labor Union
Committee of the Company and streamlines multi-dimensional communication channels.
Mental Health Care Retired Employee Care It ensures timely collection, processing, response, and reporting of employee feedback
and suggestions. The Company advocates equality in dignity and obligations across all
hierarchical levels, emphasizing that every employee is responsible for autonomously
The Company prioritizes the mental The Company thanks employees for their hard work and cares
participating in corporate governance. The Company respects employees’ rights to
health needs of its employees. During the for retired employees. During the reporting period, the Company
self-organize and form groups to collectively express, advance, pursue, and safeguard
reporting period, it further developed organized a farewell party for retired employees.
their shared interests, upholding their freedom of peaceful assembly and association.
and implemented the Employee Mental
Simultaneously, it protects employees’ freedom of speech by establishing platforms for
Health Support Control Procedure to
diverse viewpoints and actively encouraging employees to contribute ideas for WCON’s
attentively listen to employees' true
development.
inner feelings. The Company actively
safeguards employees' mental well-
being in the workplace through various During the
means, including promoting mental Reporting Period
health awareness, providing internal
and external mental health assistance
channels, and establishing an emergency
Members of the Company's Labor Union Committee accounted for 72.80%
of all active employees.
psychological intervention mechanism.
The Company convened 2 meetings of the Employee Representative Congress,
Physical Health Care during which 2 proposals were reviewed and approved.
To care for the physical and mental health of employees, the Company has set up a gym equipped with
professional fitness equipment, enabling staff to relax and improve their fitness after work. Employees are
encouraged to arrange their time properly and take moderate exercise, so as to devote themselves to work
Democratic Grievance Mechanism
and life with a healthier body and more energetic spirit, and jointly create a dynamic and positive workplace
atmosphere.
The Company encourages employees to report on the Company's management
drawbacks and employees' improper behaviors at work. Employees can submit written
appeals to the human resources department or lodge appeals through official accounts,
emails, telephone calls, etc. The persons responsible for corresponding to the channels
will handle the appeals according to the process specifications and promptly respond
to the complainants' demands. For complaints that do not require investigation and
evidence collection, the investigation committee needs to reply to the complainants
with the results within one working day. For complaints involving investigation and
evidence collection, the investigation committee needs to reply to the complainants
with the results within seven working days after clarifying the situation. The Company
handles all reasonable demands from employees impartially and severely punishes false
accusations such as taking credit for others' achievements and retaliation.
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Employee Satisfaction Working environment and working conditions 92.97%
The Company attaches great importance to employees' demands and experiences. It has established a semi- Timeliness and accuracy of salary payment 94.03% Items
with High
annual employee satisfaction survey mechanism, using questionnaires to conduct satisfaction surveys. Through
Employee
surveys, the Company extensively gathers employee opinions and suggestions on various aspects, including the
work environment, behavioral etiquette, timeliness of salary payments, workload, rest and vacation time, methods Cooperation and collaboration among colleagues 92.86% Satisfaction
to enhance recognition, internal promotions, training, daily management, and cafeteria satisfaction. Based on the
survey results, the Company develops targeted improvement plans to ensure that reasonable employee concerns
are addressed and implemented promptly. By continuously optimizing management practices, improving working Personal protective equipment (PPE) and occupational health protection
conditions, and maintaining open communication channels, the Company has achieved a steady increase in products provided by the Company 92.50%
employee satisfaction.
Occupational Health and Safety
Work Safety Management System
The Company deeply implements the Law of the People's Republic of China on Work Safety and other relevant laws and regulations, establishing a systematic work safety management system centered on the Environmental/
Occupational Health and Safety Manual. The Company has established an EHS Committee to oversee its work safety management. The Manager of the Quality Management Department has been appointed as the safety
management representative, and the General Manager has approved the occupational health and safety policy. The Company continuously strengthens safety supervision and risk control throughout the entire production process,
regularly conducts training on occupational safety awareness, operational procedures, and emergency response skills, and comprehensively safeguards the personal safety and health rights and interests of employees during work.
During the reporting period, the Company obtained ISO 45001:2018 Occupational Health and Safety Management System certification.
Chief Commander
Work Safety Manager
Major safety incidents: 0 √ Achieved
Firefighting Group
Medical Aid Group
Evacuation Group
Group
Communication
Security Group
ISO 45001:2018 Occupational ISO 45001:2018 Occupational Food poisoning incidents: 0 √ Achieved
Health and Safety IQNET Health and Safety Management
Certification System Certification
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Work Safety Risk Management
Hazard Assessment Emergency Management
Relying on its EHS work safety management system, the Company In accordance with the Provisions on the Supervision and Administration of
conducts routine daily inspections, special investigations, and Occupational Health at Workplaces, and adhering to the principle of “rapid
unscheduled spot checks, focusing on critical areas such as production response and proper management”, the Company has established the
equipment and facilities, the working environment, operational Emergency Rescue and Management System for Occupational Disease Hazards
procedures, and fire-fighting equipment to comprehensively identify to strictly prevent the occurrence of sudden major occupational disease
potential safety risks. The Company establishes a detailed ledger for any accidents. The Company continuously refines its emergency response plans,
hazards identified during inspections, clearly defining the responsible clearly defines accident response procedures and handling standards, and
parties for rectification, the corrective actions to be taken, and the ensures timely control and efficient handling after an accident occurs, thereby
completion deadlines, thereby ensuring that all rectification measures minimizing the impact on employees' health to the greatest extent possible.
are fully implemented.
During the reporting period, the Company organized a total of 6 emergency
During the reporting period, the rectification rate of potential hazards drills to effectively strengthen employees' safety awareness and emergency
was 100%.
Fire Safety Drill
response capabilities.
During the
Reporting Period
Percentage of special operators licensed: 100%
Total investment in work-related injury insurance was RMB 497,900
Number of safety trainings: 103
Total duration of safety education and training: 114 hours
Daily Fire Inspection Record Form Workshop Safety Inspection Record Form
Work Safety Management Measures
The Company strictly adheres to the relevant laws, regulations and internal management systems on work safety. It systematically
promotes the safety management of all departments from multiple dimensions such as accident management, safety training,
hazardous chemicals management and the safety of relevant parties, effectively building a robust defense for work safety and fully
safeguarding the life and health rights of employees as well as the stable and orderly operation of the enterprise's production and
business activities.
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Work Safety Management Measures
The Company formulates the Control Procedure for Handling Work-related Injury Accidents to clearly define the safety management responsibilities of each department, strengthen
Safety Accident
the awareness of safety responsibilities among all employees, and standardize the management process for safety accidents. Additionally, the Company provides work-related injury
Management
insurance for all employees.
Management of
The Company conducts pre-job training on relevant knowledge for each employee. Employees engaged in special types of work must undergo job skill training, pass the assessment,
Employees Engaged in
and hold valid certifications for their positions.
Special Types of Work
The Company conducts safety training across multiple areas, including occupational safety knowledge, workplace safety protocols, and safety management competency development,
Safety Culture Construction to cultivate safety awareness among employees. Safety slogans are displayed throughout the factory premises to constantly remind employees to prioritize personal safety and avoid
unsafe practices.
The Company's main external services are security services and staff cafeteria operations. The Company has established the Security Management Regulations and the Cafeteria
Safety Management
Operating Procedures, which explicitly allocate safety accountability to contractors. The Company conducts contractor-associated risk assessments through systematic hazard
for Related Parties
identification and control processes. Contractors must perform competency-based emergency response drills to enhance their emergency response capabilities.
The Company has established the Hazardous Chemicals Management Regulations to define the inventory of hazardous chemicals, and designated relevant responsible departments to
Management of oversee chemical storage, daily supervision, and usage management. All hazardous chemicals are required to have standardized Material Safety Data Sheets (MSDS) documentation.
Hazardous Chemicals Employees must strictly adhere to established procedures when handling hazardous chemicals, with designated supervisors monitoring operations to prevent violations. In the event of
potential hazards, employees must immediately implement emergency protocols to eliminate or minimize workplace risks.
Case
In July 2025, the Company conducted environmental protection and occupational health and safety training to empower employees with a
comprehensive understanding of the core principles of the Company's ESH system. The training centered on four key modules: regulatory
framework analysis, risk management methodologies, review of case studies of best practices, and continuous improvement mechanisms,
helping employees clarify compliance requirements for occupational health and safety.
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Occupational Safety Guarantee
The Company has established an occupational disease prevention and control system based on 12 key occupational health institutional documents, including the Occupational Disease Prevention and Control Responsibility System
and the Occupational Health “Three Simultaneities” Management System for Construction Projects. It assigned a dedicated occupational health management team to implement these prevention and control measures, aiming to
control occupational diseases at their source, actively eliminate occupational hazards, and safeguard the health of every employee.
During the
Reporting Period
The detection rate of occupational
The Company engages a qualified third-party detection institution to conduct an annual occupational
disease hazard factors: 100% hazard factor detection and a triennial occupational hazard status evaluation. The scope of hazard
factor detection includes dust, chemical substances, physical factors, radioactive factors, biological
factors, and others. Based on the detection results, the Company implements preventive protection Occupational
measures and standardized work practices for employees in high-risk positions. Hazard Factor
The pass rate of occupational
Detection
disease hazard factor detection: During the reporting period, the Company engaged an accredited third-party institution to detect
occupational hazard factors in the workplace. It implemented corrective actions to address non-
compliant physical factors based on the detection results.
The coverage rate for safety risk Occupational
protection training: 100% Disease
Prevention
The Company has established the Maintenance and Overhaul System for Occupational Disease
Prevention Facilities and the Management System for Occupational Disease Prevention Supplies. Occupational and Control
It proactively implements various comprehensive protective measures to mitigate occupational Hazard Measures
exposure risks, including issuing certified PPE (personal protective equipment) to employees in high- Prevention
risk positions, and ensuring the continuous operation of occupational disease prevention equipment Measures
and emergency equipment.
The Company mandates annual occupational health surveillance for personnel exposed to workplace Occupational
hazards. During the reporting period, the monitoring program covered a total of 333 at-risk workers Health
through required assessments and identified zero new occupational disease cases. Surveillance
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Community Public
Welfare
Case Voluntary Blood Donation Charity Campaign Case Participation in Community Epidemic Prevention
The Company has established a
comprehensive social responsibility
On May 7, 2025, the Company, in collaboration From August to October 2025, in response to the local
vision centered on spearheading
with the Health Office of Daning Community, Chikungunya fever epidemic prevention and control
connector technology innovation,
Humen Town, Dongguan City, organized a situation, Daning Community in Humen Town, Dongguan
fueling regional economic growth, and
public welfare event titled “Blood Donation, City, established a specialized community mosquito
broadly enhancing societal well-being.
Dedication of Love”. More than 30 individuals eradication team. The Company actively responded to
It actively engages in social services and
participated in on-site blood tests, with 26 the community's epidemic prevention call by organizing
charitable activities, striving to fulfill its
people ultimately successfully donating blood. employee volunteers to join the team and deeply
responsibilities as a corporate citizen
The donated blood was used for clinical participate in the epidemic prevention and control efforts.
while pursuing economic benefits. By
medical treatment, making a solid contribution They conducted comprehensive mosquito eradication
giving back to society through concrete
to ensuring the public health blood supply operations in public areas of the community, cutting off
actions, the Company demonstrates its
and saving lives, thereby supporting the the transmission routes of the epidemic at the source.
commitment to corporate responsibility.
development of public health through Through concrete actions, the Company contributed to
The Company upholds the core corporate efforts. ensuring the health and safety of residents and building
philosophy of innovation and social a harmonious and stable community environment.
During the reporting period, the Company
contribution by actively participating
was honored with the title of “2024 Advanced
in public welfare initiatives,
Organization for Blood Donation” by the
including poverty alleviation and the
Voluntary Blood Donation Working Committee
improvement of medical and health
of Humen Town, Dongguan City.
services. Closely aligning its core
capabilities with societal needs, the
Company is dedicated to creating
broader and more substantial
comprehensive value for all sectors Case Donations for Hong Kong 11.26 Fire Victims
of society. By enhancing overall social
well-being, it aims to achieve the long-
term goal of shared prosperity between In response to the spirit of unity embodied in
the enterprise and the society. In 2025, Guangdong-Hong Kong-Macao Greater Bay
the Company's total social contribution Area—“when disaster struck, help came from all
investment amounted to RMB 308,000. sides”—the Company donated RMB 300,000 to
support the victims affected by the “11.26” fire at
Wang Fuk Court in Tai Po, Hong Kong. The funds
were specifically allocated for emergency rescue,
temporary shelter, medical assistance, and post-
disaster reconstruction efforts. This contribution
aimed to help the affected residents overcome
their difficulties, rebuild their homes, and jointly
foster a harmonious society.
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Responding to “the Belt and Road Initiative” Case Invest in and Construct a Production Base in Thailand
The Company has invested in the construction of an overseas production base at
In active response to “the Belt and Road Initiative”, the Company deeply recognizes both the responsibilities and opportunities the Rojana Industrial Park in Prachin Buri Province, Thailand. Through technology
it presents. Taking this as an opportunity, the Company fully leverages its strengths in connector manufacturing and transfer and localized operations, it has optimized its overseas supply chain
technological research and development to deepen cooperation with countries and regions along the Belt and Road, providing layout, achieving a precise alignment between Chinese connector manufacturing
global customers with more reliable and efficient connection support. technology and the demands of the Southeast Asian market. At the level of policy
coordination, Thailand's Eastern Economic Corridor (EEC) initiative is highly aligned
with “the Belt and Road Initiative”. Combined with ASEAN's tax incentives and
business-friendly environment, this provides a solid foundation for enterprises to
reduce cross-border operational costs and expand into the Southeast Asian and
global markets.
WCON ELECTRONICS (THAILAND) CO., LTD.
Address of the factory in Thailand:
e,25140,Thailand
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Annexes
Corresponding Chapters
Dimension Guidelines Topics Corresponding Clauses
in the Report
Indexes
Rural Revitalization Article 39 Community Public Welfare
Contribution to
Article 40 Community Public Welfare
Society
Index to the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 17 for Companies Listed on
Shenzhen Stock Exchange - Sustainability Report (For Trial Implementation)
Innovation-Driven
Article 42 Innovation-Driven Growth
Growth
Corresponding Chapters
Dimension Guidelines Topics Corresponding Clauses Technology Ethics Article 43 Not Applicable
in the Report
Response to Climate
Articles 21 to 28 Response to Climate Change
Change
Supply Chain
Social Article 45 Responsible Supply Chain
Security
Environmental Compliance
Pollutant Emissions Article 30
Management Equal Treatment of
Small and Medium- Article 46 Not Applicable
sized Enterprises
Environmental Compliance
Waste Disposal Article 31
Management
Product and Service Product and Service Safety and
Article 47
Ecosystem and Safety and Quality Quality
Biodiversity Article 32 Not Applicable
Conservation
Data Security and
Environmental Data Security and Privacy
Customer Privacy Article 48
Environmental Protection
Environmental Compliance Protection
Compliance Article 33
Management
Management
Safeguarding Employees' Rights
Employees Article 50
Occupational Health and Safety
Energy Utilization Article 35 Resource Utilization
Safeguarding Employees' Rights
Product and Service Safety and
Water Resource Due Diligence Article 52
Article 36 Resource Utilization Quality
Utilization Responsible Supply Chain
Corporate
Governance
Communications Communications with
Circular Economy Article 37 Resource Utilization Article 53
with Stakeholder Stakeholders
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
Corresponding Chapters Index to the Global Reporting Initiative Sustainability Reporting Standards (GRI Standards)
Dimension Guidelines Topics Corresponding Clauses
in the Report
Anti-commercial GRI Standard Disclosure Item Location
Compliant Operations and
Bribery and Anti- Article 55
Business Ethics
corruption
Corporate Part I: General Disclosures
Governance
Anti-unfair Compliant Operations and
Article 56
Competition Business Ethics 2-1 Organizational Details Company Profile
Protection of Investor Relations Management 2-2 Entities Included in the
Shareholders' Rights \ and Protection of Shareholders' Organization’s Sustainability About the Report
and Interests Rights and Interests Reporting
About the Report
Corporate Governance and Contact Point
\ Corporate Governance
Compliance
Product Roadmap
Topics Other Business Relationships
Disclosed
Independently Risk Management
Compliance and Risk
by the \ Compliant Operations and
Control Safeguarding Employees'
Business Ethics 2-7 Employees
Company Rights
Annexes - Key
GRI 2: General 2-8 Workers Who Are Not
Sustainable Development Performance Form -
ESG Governance \ Disclosures 2021 Employees
Governance Social Performance
Corporate Governance
Composition
Conflict Minerals \ Responsible Supply Chain
Corporate Governance
the Highest Governance Body
Corporate Governance
Governance Body
Governance Body in Overseeing Corporate Governance
the Management of Impacts
Corporate Governance
for Managing Impacts
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the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
GRI Standard Disclosure Item Location GRI Standard Disclosure Item Location
Governance Body in Sustainability Governance Structure,
Regulations chapters
Reporting Corporate Governance
Concerns Stakeholders Disclosures 2021
Highest Governance Body Governance Structure Engagement Stakeholders
Sustainable Development
Performance of the Highest
Governance Structure
Governance Body
Material Topics Material Topics
Safeguarding Employees'
Rights
GRI 3: Material Management of
Topics 2021 Material Topics
Corporate Governance
Remuneration
GRI 2: General
Disclosures 2021
Annexes - Key Material Topics Material Topics
Performance Form -
Ratio
Social Performance
Economic Performance
Annexes - Key
Development Strategy Goals and Vision 201-1 Direct Economic Value
Performance Form -
Generated and Distributed
Economic Performance
Safeguarding Employees'
Rights GRI 201: Economic Response to Climate
Other Risks and Opportunities
Performance 2016 Change
due to Climate Change
Commitments Business Ethics Safeguarding Employees'
Obligations and Other
Rights
Retirement Plans
Negative Impacts Business Ethics Procurement Practices
Annexes - Key
Performance Form -
Advice and Raising Concerns Business Ethics Practices 2016 Expenditures From Local Suppliers
Social Performance
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GRI Standard Disclosure Item Location 指引议题
GRI Standard 对应条款
Disclosure Item 对应的本报告章节
Location
Annexes - Key Performance
Anti-corruption 305-2 Energy Indirect (Scope 2)
Form - Environmental
GHG Emissions
Performance
GRI 305: Emissions 2016
Risks Related to Corruption Business Ethics Resource Utilization
Emissions
GRI 205: Anti-corruption Effluents and Waste
Training about Anti-corruption Business Ethics
Policies and Procedures Responsible Supply Chain
GRI 306: Effluents and Environmental Compliance
Waste 2016 Management
Corruption and Actions Taken Business Ethics
Waste
Anti-competitive Behavior
GRI 206: Anti-competitive Compliant Operations and
competitive Behavior, Anti-trust,
Behavior 2016 Business Ethics
and Monopoly Practices
Waste-related Impacts Management
Energy
GRI 306: Waste 2020
Annexes - Key Performance
Annexes - Key Performance
Form - Environmental
Within the Organization Performance
Performance
GRI 302: Energy 2016 Environmental Compliance
Resource Utilization 306-5 Waste Directed to Disposal Annexes - Key Performance
Consumption
Form - Environmental
Performance
Water and Effluents
Supplier Environmental Assessment
Resource Utilization
Discharge-related Impacts Environmental Assessment Screened Using Environmental Responsible Supply Chain
GRI 303: Water and 2016 Criteria
Effluents 2018
Annexes - Key Performance
Performance
Emissions Employee Turnover Form - Social Performance
GRI 401: Employment 2016 401-2 Benefits Provided to Full-
Annexes - Key Performance
GRI 305: Emissions 2016 Form - Environmental
Emissions Provided to Temporary or Part- Rights
Performance
time Employees
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GRI Standard Disclosure Item Location GRI Standard Disclosure Item Location
Training and Education
Safeguarding Employees' Rights
GRI 401: Employment 2016 401-3 Parental Leave Annexes - Key Performance Form
- Social Performance 404-1 Average Hours of Training Annexes - Key Performance
per Year per Employee Form - Social Performance
GRI 404: Training and
Occupational Health and Safety Education 2016
Safeguarding Employees'
Employee Skills and Transition
Rights
Occupational Health and Safety
Safety Management System
Diversity and Equal Opportunity
Risk Assessment, and Incident Occupational Health and Safety Safeguarding Employees'
Investigation GRI 405: Diversity and 405-1 Diversity of Governance Rights
Equal Opportunity 2016 Bodies and Employees Annexes - Key Performance
Consultation, and Communication
Occupational Health and Safety
on Occupational Health and
Child Labor
Safety
Occupational Health and Safety
Occupational Health and Safety Child Labor Responsible Supply Chain
Forced or Compulsory Labor
Occupational Health and Safety
Health
GRI 403: Occupational
Health and Safety 2018 409-1 Operations and Suppliers Safeguarding Employees'
GRI 409: Forced or
Compulsory Labor 2016
of Occupational Health and Forced or Compulsory Labor Responsible Supply Chain
Occupational Health and Safety
Safety Impacts Directly Linked by
Business Relationships
Local Communities
Occupational Health and Safety Occupational Health and Safety GRI 413: Local Community Engagement, Impact
Management System Community Public Welfare
Communities 2016 Assessments, and Development
Programs
Occupational Health and Safety
Supplier Social Assessment
- Social Performance
Responsible Supply Chain
Screened Using Social Criteria
GRI 414: Supplier Social
Occupational Health and Safety
Assessment 2016 414-2 Negative Social Impacts
- Social Performance in the Supply Chain and Actions Responsible Supply Chain
Taken
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GRI Standard Disclosure Item Location Key Performance Indicators (KPIs) Form
Customer Health and Safety
GRI 416: Customer Health compliance Concerning the Health Product and Service Safety and
and Safety 2016 and Safety Impacts of Products Quality
and Services Metrics Unit 2023 2024 2025
Marketing and Labeling
Total Operating Income RMB 10,000 48,663.40 55,417.23 71,292.04
Product and Service Safety and
and Service Information and
Quality Net Profit Attributable to
Labeling Shareholders of the Parent RMB 10,000 13,035.46 8,546.64 9,882.92
Company
GRI 417: Marketing and compliance Concerning Product Product and Service Safety and
Labeling 2016 and Service Information and Quality Total Taxes RMB 10,000 2,677.69 2,688.32 3,743.54
Labeling
Compliant Operations and Governance Performance
compliance Concerning Marketing
Business Ethics
Communications
Metrics Unit 2023 2024 2025
Customer Privacy
Remuneration for directors,
RMB 10,000 420.58 395.50 329.81
GRI 418: Customer Privacy Concerning Breaches of Customer Data Security and Privacy
Data or significant administrative
penalties caused by the Company's RMB 10,000 0 0 0
unfair competition behavior during
the Reporting Period
Signing rate of integrity and
other related business ethics % 100 100 100
agreements
Total duration of anti-
commercial bribery and anti-
Hour - 6 6
corruption training provided to
board members
Total duration of anti-commercial
bribery and anti-corruption training Hour - 80 98
provided to the management
Total duration of anti-commercial
bribery and anti-corruption Hour - 238 356
training provided to employees
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Metrics Unit 2023 2024 2025 Metrics Unit 2023 2024 2025
Total duration of anti-monopoly
Hour - - 73.50 Number of environmental training
and fair competition training Times 14 14 44
sessions
Number of performance briefings
Times 2 2 2
held Number of participants in Person-
environmental training times
Number of company open days
Times 2 1 4
held 2
Total hours of environmental
Hour 458 689.50 1,327.50
training
Number of investors interations
Times 68 105 303
at irm.cninfo.com.cn
Gasoline Ton 4.54 4.36 4.11
Reply rate on irm.cninfo.com.cn % 98.53 100 100
Number of periodic reports Total purchased electricity kWh 6,993,354 8,069,948 9,526,065
Copy 6 6 6
disclosed externally
Number of interim announcements
Copy 61 54 53
disclosed externally Total GHG emissions 1 tCO2e 3,373.18 4,336.63 5,140.68
Note 1: In 2025, the Company abolished the board of supervisors and supervisor positions due to organizational
restructuring. Therefore, supervisors are not included in the scope of this year’s remuneration statistics. Direct GHG emissions (scope 1) 1 tCO2e 75.81 73.93 86.15
Note 2: Including collective investor engagement day initiatives, and corporate visitation programs
Environmental Performance Indirect GHG emissions (scope 2) 1 tCO2e 3,297.37 4,262.71 5,054.53
Metrics Unit 2023 2024 2025
Office paper expenses RMB - - 50,400
RMB
Total environmental investment 15.00 240.20 39.20
Total water consumption Ton 51,394 50,682 59,270
Compliance rate observed in
% 100 100 100
pollutant monitoring
Synchronized operation rate of Wastewater discharges Ton 63,508.30 76,748.79 76,808.40
% 100 100 100
environmental facilities
The compliance rate of “three
simultaneities” in environmental Quantity of general waste
% 100 100 100 Ton 3 3 5
protection for construction generated
projects
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Metrics Unit 2023 2024 2025
Social Performance
Recycling rate of general waste % 50 50 50 Labor Relations Management
Quantity of general waste
Ton 3 3 5 Metrics Unit 2023 2024 2025
disposed of
Percentage of contract workers % 100 100 100
Quantity of hazardous waste
Ton 2 2 2
generated
Number of dispatched workers Person 0 0 0
Quantity of hazardous waste
Ton 2 2 2
disposed of
Number of part-time employees Person 0 0 0
Waste disposal compliance rate % 100 100 100
Total number of employees Person 1,382 1,459 1,668
Waste engine oil Ton 0.60 0.60 0.60
Including: By job level
Waste oil drums Ton 0.20 0.20 0.20 Senior management 1 Person 17 17 17
Domestic waste garbage Ton 481.80 481.80 481.80 Middle management 2 Person 68 78 80
Non-managerial Staff Person 1,297 1,364 1,571
Note 1: Scope 1 GHG emissions are calculated based on default values of common fossil fuel characteristic parameters
issued by the National Development and Reform Commission of the People's Republic of China; Scope 2 GHG emissions
are calculated based on average carbon dioxide emission factors for China's regional power grids issued by the National Including: By gender
Development and Reform Commission of the People's Republic of China.
Female Person 664 698 846
Male Person 718 761 822
Including: By age
Under 30 (exclusive) years old Person 342 616 540
Person 702 542 706
years old
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Metrics Unit 2023 2024 2025 Metrics Unit 2023 2024 2025
Including: By academic qualification Including: By recruitment channel
Master’s degree or above Person 9 12 15 Social recruitment Person 957 982 861
Bachelor’s degree Person 80 122 160 On-campus recruitment Person 19 21 39
The proportion of female
College degree Person 227 260 305 % 14.12 14.74 18
managers
Number of employees on
Below college degree Person 1,066 1,065 1,188 Person 7 4 3
maternity leave
Number of employees who took
Including: By profession Person 3 6 1
parental leave
Production Person 975 1,028 1,273 Social insurance coverage rate % 97 97 97
Number of projects reviewed
Sales Person 64 78 84 and approved by the Employee Item 1 1 2
Congress
Proportion of labor union
Technology Person 279 211 202 % 30 71.10 72.80
members to in-service employees
Finance Person 17 16 17 Number of labor dispute cases Item 0 0 0
Administration Person 47 126 92 Employee Satisfaction % 80.15 85.30 91.16
Number of employees with
Person 2 2 2 Employee turnover rate % 36.62 36.69 26.89
disabilities
Number of employees of minority
Person 149 154 170 Including: By gender
nationalities
Number of employees of minority
Person 3 4 4 Female % 57.89 52.11 47.75
nationalities in the management ³
Number of new employees Person 976 1,003 900 Male % 42.11 47.89 52.25
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Metrics Unit 2023 2024 2025 Metrics Unit 2023 2024 2025
Total number of persons trained Person 1,382 1,459 1,668
Including: By age
Person-
Total number of persons trained 9,984 10,744 14,392
times
Under 30 (exclusive) years old） % 45.61 45.37 48.33
Employee training coverage % 100 100 100
% 45.49 47.09 42.38 Total hours of employee training Hour 11,669.50 14,129 16,200
years old
Average training hours per
Hour 11.67 13.59 14.59
employee per year
% 8.27 6.63 8.85
years old
Number of employees having
successfully transitioned or Person 172 175 139
applied internally
% 17.20 16.83 12.52
applications by employees
Note 1: Director level
Note 2: Section Chief + Manager level Occupational Health and Safety
Note 3: Deputy Section Chief level and above
Metrics Unit 2023 2024 2025
Employee Development and Training
Number of safety production
Case 0 0 0
accidents
Metrics Unit 2023 2024 2025
Number of work-related deaths Person 0 0 0
RMB Total number of work-related
Investment in employee training - 16.34 9.63 Person 0 0 0
Hidden danger investigation and
% 100 100 100
rectification rate
Number of employee training
Session 256 400 491
sessions Number of safety contingency
Times 2 2 6
drills
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Innovation-Driven Growth
Metrics Unit 2023 2024 2025
Safety education and training
Times 36 38 103 Metrics Unit 2023 2024 2025
sessions
Number of participants in safety Person- R&D Investment RMB 72,336,311.24 64,355,742.49 64,893,382.43
education and training sessions times
R&D investment as a
Total hours of safety education percentage of primary % 14.86 12.05 8.96
Hour 47 41.50 114
and training business revenue
Coverage rate of safety education Total R&D team members Person 267 210 189
% 100 100 100
and training
Proportion of R&D
Coverage rate of safety risk % 19.32 13.60 11.33
% 100 100 100 personnel
protection training
Percentage of special operators Including: By age
% 100 100 100
licensed
Under 30 (exclusive) years
Investment in work-related injury RMB Person 81 62 59
insurance 10,000
Coverage rate of work-related Person 131 107 76
% 100 100 100 (exclusive) years old
injury insurance for employees
Above 40 years old
Coverage rate of physical Person 55 41 54
% 100 100 100 (inclusive)
examinations for employees
The detection rate of occupational Including: By academic qualification
% 100 100 100
disease hazard factors
The pass rate of occupational Bachelor’s degree or below Person 232 176 147
% 100 100 100
disease hazard factor detection
Bachelor’s degree Person 31 32 38
Master's degree Person 4 2 4
Total number of authorized
Item 167 201 245
patents
Cumulative number of
authorized invention Item 11 21 31
patents
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Protection of Customers’ Rights and Interests
Metrics Unit 2023 2024 2025
Cumulative number of authorized Metrics Unit 2023 2024 2025
Item 153 169 203
utility model patents
Customer complaint
Cumulative number of granted % 100 100 100
Item 3 11 11 resolution rate
design patents
Number of participants
Number of valid patents per in special training on Person-
Item 0.34 0.38 0.34 230 192 130
million yuan in revenue responding to customer times
complaints
Total hours of special
training on customer Hour 230 192 151.50
Product and Service Safety and Quality complaint response
Number of sessions
of special training on
Metrics Unit 2023 2024 2025 Times 3 3 5
customer complaint
response
Number of risk assessments
Times 1 1 1 Total sessions of
conducted
responsible marketing Times 32 38 59
training
Product percent of pass % 99.52 99.66 99.76
Number of customer
information leakage Case 0 0 0
incidents
Times of annual quality internal
Times 1 1 1
audits
Number of times third-party
agencies were engaged for Times 1 1 1
sampling
Number of products that are
required to be withdrawn and
Case 0 0 0
recalled for health and safety
reasons
Amount involved in accidents
with significant safety or quality RMB
responsibilities related to 10,000
products or services
Number of participants in quality Person-
training times
Total hours of quality training Hour 2,520 2,737 1,738
Number of quality training
Times 24 23 24
sessions
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Supply Chain Security and Sustainability Data Security and Privacy Protection
Metrics Unit 2023 2024 2025 Metrics Unit 2023 2024 2025
Number of training
Number of suppliers Units 41 41 42 Times 12 12 12
sessions carried out
Proportion of procurement Number of participants in
Person - - 256
expenditures from local % 45.00 48.77 50.00 practice and training
suppliers
Coverage rate of
Number of suppliers employees engaged in % - - 100
certified under quality Units 39 39 40 practice and training
management systems
Total investment in data RMB
Number of suppliers 2.40 9.70 69.80
security 10,000
certified under
Units 15 15 17
environmental
management systems Number of incidents of
Number of suppliers information security and Times 0 0 0
certified under privacy protection violations
occupational health and Units 2 2 2
safety management
systems
Number of suppliers
suspended due to non- Units 0 0 0
compliance
Number of prospective
suppliers rejected due to Units 0 0 0
non-compliance
Percentage of suppliers
that have signed the % 100 100 100
Integrity Agreement
The number of incidents
with significant risks and
Case 0 0 0
impacts on the supply
chain
Note: The number of suppliers is counted based on the list of qualified suppliers. Local suppliers refer to enterprises
registered within Guangdong Province.
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
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managing occupational health?
□ Excellent □ Good □ Average □ Below Average □ Poor
□ Excellent □ Good □ Average □ Below Average □ Poor
□ Excellent □ Good □ Average □ Below Average □ Poor
You may contact us through the following methods:
□ Excellent □ Good □ Average □ Below Average □ Poor
Tel.: 0769-85358915
Company address: WCON Securities Department, No. 15 Wenming Road, Daning
□ Excellent □ Good □ Average □ Below Average □ Poor
Community, Humen Town, Dongguan City, Guangdong Province
management, and response to climate change?
□ Excellent □ Good □ Average □ Below Average □ Poor
□ Excellent □ Good □ Average □ Below Average □ Poor
□ Excellent □ Good □ Average □ Below Average □ Poor
Preface to Sustainable Development Sound Governance, Green Operations for a Driving Innovation, Uniting the Employees,
the Report Governance Sustainable Development Low-carbon Future Creating Shared Value Enriching the Society
