Environmental, Social, and
Governance (ESG) Report
Contents
About the Report 4
Governance for Sustainable 16 Responsible Supply Chain 52 Indexes 94
Message from Chairman 6 Development
Innovation-Driven Development Feedback Form 96
Standardized Governance 20
Product and Service Safety and
About Ancai Hi-tech 8 Quality
Risk Management and Internal
Control Data Security and Customer 70
Privacy Protection
Investor Relations Management
Business Behaviors 26
Response to Climate Change 32 Protection of Employees’ Rights 76
and Interests
Environmental Management 34
Employee Training and 82
Energy Utilization 43
Development
Water Resource Utilization Occupational Health and Safety
Material Utilization Social Contribution 92
Reporting Scope This report covers Ancai Hi-tech and its subsidiaries. Unless otherwise specified, the
scope of this report is consistent with the scope of the Company’s Annual Report.
About the Report Reporting Period
This report covers the period from January 1, 2025 to December 31, 2025 (the
“Reporting Period”). To improve the comparability and completeness, some sections
of this report may be appropriately referred to previous years or contain forward-
looking statements. This report is released on an annual basis, consistent with the
financial year.
This report is the second Environmental, Social, and Governance (ESG) Report publicly disclosed by Henan
Ancai Hi-tech Co., Ltd. (hereinafter referred to as “Ancai Hi-tech," "the Company," or "we"). In the principles of
Preparation Basis Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 4 -
Preparation of Sustainability Report (Revised in January 2026)
objectivity, standardization, transparency, and comprehensiveness, this report provides a detailed disclosure of and References Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 14 -
the Company’s practices and performance in environmental, social, and governance for the year 2025. Sustainability Report (for Trial Implementation)
China Enterprise Reform and Development Society “Guidelines for Sustainable
Development Reports of Chinese Enterprises (CASS-ESG6.0)”
Sustainability Reporting Standards of the Global Reporting Initiative (“GRI Standards”)
Sustainable Development Goals (SDGs) of the United Nations
Guiding Opinions on the Fulfillment of Social Responsibility by Central Enterprises
issued by the State-owned Assets Supervision and Administration Commission of the
State Council
Data Explanation Data sources used in this report include public data from government agencies,
the actual operational data, annual financial data, internal statistical reports of the
Company, third-party questionnaire surveys, third-party evaluations or interviews, etc.
The financial data in this report is expressed in RMB. For any discrepancy between this
report and the financial statements, the financial statements shall prevail.
Explanatory Note For ease of expression and reading, Henan Ancai Hi-tech Co., Ltd. will be referred
to as "Ancai Hi-tech," "the Company," or "we" throughout this report. Additionally,
the definitions of abbreviations used in this report can be found in the "Definitions"
section of the 2025 Annual Report of Henan Ancai Hi-tech Co., Ltd.
Acc
Access to This
is This report is available for review and download on the official websites of Ancai Hi-
tech (http://www.acht.com.cn) or the Shanghai Stock Exchange (http://www.sse.
Report com.cn).
Message from Chairman
A thriving industry is the foundation of a thriving company, and innovation is the key to
As time moves forward, new chapters continue to unfold. In 2025, amidst the accelerating global green transition
strengthening that foundation.
and ongoing industry cycles, Ancai Hi-tech steadfastly embraced its mission as a state-owned enterprise. We have
seamlessly integrated ESG concepts into our corporate strategy and operational practices. Through collaboration with
In response to industry challenges, we place innovation at the heart of our strategy, focusing on core sectors and
our partners, we have overcome challenges and successfully executed key ESG initiatives for the year, delivering a report
proactively expanding into the high-end materials field. At the same time, we uphold the principles of a responsible supply
that reflects our commitment to responsible, compassionate, and resilient development.
chain, enhancing supplier management systems, ensuring the quality of our products and services, and receiving high
acclaim from the international community.
We are firmly convinced that strong corporate governance is the bedrock upon which
long-term stability and growth are built. Our employees are our most valuable asset, and society is the fertile ground upon which
our growth is nurtured.
The Company remains dedicated to enhancing its governance structures, strengthening the leadership and oversight
roles of the Board of Directors, reinforcing risk management and internal controls, and fostering an efficient and
We are committed to a people-first approach, safeguarding the legal rights and interests of our employees, creating robust
collaborative management framework. These efforts ensure the sustainable development of the Company while
platforms for training and development, and fostering a high-quality work environment that enables mutual growth for both
safeguarding the rights and interests of all our stakeholders.
our employees and the Company. Furthermore, we take our social responsibilities seriously, engaging in public welfare,
charitable causes, and rural revitalization initiatives. Through these actions, we aim to give back to society and spread
Green is not only the defining color of progress, but it also embodies the essence of
warmth and strength to those in need.
responsibility.
Looking back at 2025, every milestone achieved was made possible by the trust and support of everyone who stands with
We are deeply committed to the principles of green development, aligning closely with the nation’s "dual carbon" targets.
us. As we look to the future, we remain resolute in our mission and unwavering in our commitment to progress. Ancai Hi-
By integrating environmental sustainability into every facet of our operations, we advance the construction of green
tech will continue to deepen its ESG management system, with a focus on green development, innovation-driven growth,
factories, the application of clean energy, and innovations in energy-saving technologies. By staying true to our green
and responsible business practices. We will strengthen our core operations, tackle emerging challenges, and contribute
development commitments, we aspire to set a benchmark for green manufacturing within our industry.
even more to the advancement of our industry, the development of society, and the protection of the environment.
Once again, we extend our most sincere gratitude to all our friends for your enduring care and support. We look forward to
continuing this journey together, moving toward a beautiful and sustainable future.
Signature of Chairman:
About Ancai Hi-tech Industrial Layout
Photovoltaic Float Glass
Business Business
Company Henan Ancai Hi-tech Co., Ltd. (hereinafter referred to as "Ancai Hi-tech") was originally Mainly engaged in the research and production of solar photovoltaic glass, the Company has
established production bases in Anyang, Jiaozuo, and Xuchang. It can produce photovoltaic
The Company is involved in the
p ro d u c t i o n o f s o l a r t h e r m a l g l a s s
established as Henan Anyang Color Picture Tube Glass Co., Ltd., a key national project under the
glass products in various thicknesses, sizes, and full ranges, with product quality meeting products and is one of the earliest
Profile "Seventh Five-Year Plan," approved in 1984. Ancai Hi-tech was established with a focus on glass industry advanced standards, and exports to multiple countries and regions. enterprises to achieve mass production
tube products in 1998 and was listed on the Shanghai Stock Exchange in 1999 (Stock Code: of solar thermal glass. Its products are
used in large domestic and international
in Anyang, Jiaozuo, Xuchang, Puyang, and other regions. High-end float glass is applied in high-
end building projects.
Since its establishment, the Company has focused on the research, innovation, and production
of high-end glass materials. Its business spans photovoltaic glass, float glass, natural gas, Pharmaceutical Glass Intelligent
Gas Business Manufacturing
Business
pharmaceutical glass, quartz tubes, and intelligent manufacturing, among other fields. Through Business
continuous technological innovation and industrial upgrading, the Company has gradually The Company has established a natural The Company focuses on developing The Company is engaged in the research
gas transmission and comprehensive medium borosilicate pharmaceutical glass, and manufacturing of automated and
transitioned from a single-regional layout to multi-regional collaborative development, from
operation system, owning 249 mastering core production technologies, intelligent equipment for glass production,
homogeneous competition to high-end development, and has expanded its industrial chain kilometers of natural gas pipelines. It and advancing the extension of the producing calender rolls, automatic
has achieved interconnection with the industrial chain to support the domestic sheet loading and unloading equipment,
and optimized its business structure, improving the quality of its development and industry
gas sources of Sinopec and CNPC, and substitution of high-end pharmaceutical and line connection equipment, among
competitiveness. is engaged in LNG/CNG sales, as well glass. others.
as natural gas maintenance services.
Looking to the future, Ancai Hi-tech will seize the opportunity of the global green and low-
carbon energy transition, adhere to an innovation-driven development strategy, deepen
technological research and development, and industrial upgrades, actively contributing to Corporate Culture
energy structure transformation, and steadily advancing towards the goal of becoming a world-
class glass manufacturing company with global competitiveness.
Challenge the world’s advanced standards
Corporate Mission Contribute to the progress of human civilization
Strive to scale new heights in technological innovation
Corporate Vision Build a high-end glass manufacturing base
"Three Non-Absolutisms": Respect superiors without being subordinate to them; learn from
foreign practices without blindly imitating them; study books without being bound by them.
Core Values "Three Emphases and Three Non-Emphases": Emphasize subjective factors over objective
conditions; emphasize internal causes over external factors; emphasize oneself over others
Ten Spirits: Seeking truth from facts; unity and striving forward; tenacity and
hard work; pioneering and innovation; aligning words with actions; openness
Our Spirit and uprightness; hard work in entrepreneurship; courtesy and modesty; selfless
dedication; winning honor for the country
Development History
Groundbreaking of Ancai Energy’s West-
Commissioning of Phase I Photovoltaic Glass
Commissioning of Phase III Color Glass Project Commissioning of Phase IV Color Glass Project East Gas Transmission Project’s Northern Project
Henan Branch
Ancai Hi-tech’s A-share listing Acquisition of controlling stake in Ancai Hi-tech by Commissioning of Phase II Photovoltaic
Henan Investment Group Co., Ltd. Glass Project
Commencement of the connection project Groundbreaking of the High-Purity
Groundbreaking of Ancai Hi-tech’s“Relocating Commissioning of the Xuchang Ancai
between Ancai Energy’s Northern Henan Branch Semiconductor Quartz Project
from Urban Area to Industrial Park” Project Photovoltaic Lightweight Substrate Project
Line and the Yu-Ji Pipeline
Commissioning of the Photovoltaic New Commissioning of Jiaozuo Ancai Commissioning of the Pharmaceutical Acquisition of equity in Henan High-
Materials Project Photovoltaic Glass Project Glass Project Purity Mineral Technology Co., Ltd.
Honors & Certificates Milestones in 2025
· Jiaozuo Ancai honored as Henan Provincial Technology Research Center and the second batch
January of Specialized, Sophisticated, Distinctive and Innovative Small and Medium Enterprises in Henan
Province for 2024
· Ancai Solar Thermal Technology selected for Henan Provincial Key R&D Special
March Projects
· Successful conclusion of Ancai Hi-tech’s 2025 Employee Badminton Tournament
· Completion of the reelection of Ancai Hi-tech’s "Two Committees” (Party Committee and
Discipline Inspection Committee)
April · Organization of a reading club event themed “Enriching the Enterprise with Books, Illuminating
Leading Enterprise Henan Province's the Original Aspiration through Reading”
in Henan Province's Manufacturing Single · Holding of the “May 4th Youth Poetry Recital” by Ancai Hi-tech
Manufacturing Industry Champion Enterprise
· Awarding of the title “National Model Worker” to an employee of the Company
May · Organization of a Mother’s Day-themed creative handicraft event “Hats as Beautiful as Flowers”
by Ancai Hi-tech
· Inclusion of Ancai Hi-tech in the 2025 Global New Energy ESG Top 100 List
June · Successful convening of the 3rd Member Representative Meeting and Staff Representative
Meeting of the Ancai Hi-tech Labor Union Committee
July · Hosting of the National Staff Glass Quality Inspection Skills Competition
· Successful attainment of ISO three-system certification (Quality, Environment, Occupational
Green Factory in Henan Top 100 Global New Energy Health & Safety) by Xuchang Antimony Materials
Province ESG List August · Establishment of the Xuchang Municipal Overseas Intellectual Property Rights Protection and
Assistance Workstation at Xuchang Ancai
· Successful application for 246 Green Electricity Certificates (GECs) by Xuchang Ancai
· Participation of Ancai Hi-tech, as one of 30 outstanding enterprises from Henan Province, in the
September World Manufacturing Convention
· Successful passing of the Customs AEO Advanced Certification review by Ancai Hi-tech
· Conducting of a Double Ninth Festival (Chongyang Festival) care visit to the
October Company’s resident village assistance site by Ancai Hi-tech
· Hosting of the National Staff Electrical Automation Maintenance Electrician Skills
November Competition by Ancai Hi-tech
Excellent Organization Award First Prize in the National Employee
in the National Employee Electrical Automation Maintenance
· Hosting of the 2025 Anyang City Work-related Injury Prevention Themed Publicity Campaign
Glass Quality Inspection Skills Electrician Skills Competition (Team
· Organization of a Voluntary Blood Donation Activity
Competition Event) December · Conducting of pre-holiday (New Year and Spring Festival) on-site assistance visits and care
activities by the Company to Hezhuang Village, Jiaohu Town, Huaxian County
Governance for Sustainable
Development
Corporate Governance Standardized Governance
Risk Management and Internal
Control
Investor Relations Management
Business Behaviors
Sustainable The Company continuously enhances employees' understanding and practical ability
regarding sustainable development through ESG-related training and awareness activities.
Development
This promotes the formation of a company-wide consensus on sustainable development,
providing strong support for the Company's long-term value creation and social
Practices sustainability.
Governance for Sustainable [Case] ESG Work Diagnosis and Effectiveness Improvement Seminar
Development On October 20, 2025, the Company's Strategy and
Sustainability Committee organized the ESG Work
Diagnosis and Effectiveness Improvement Seminar.
Ancai Hi-tech continues to focus on ESG governance work and gradually integrates these concepts The seminar involved the ESG Working Group, relevant
into its business management. Building on a sound governance framework and optimizing management subsidiaries, and departmental representatives to
mechanisms, the Company actively fulfills its corporate social responsibility and steadily promotes discuss new regulations, review work processes, and
environmental, social, and governance-related efforts, striving to achieve the coordinated development of exchange ideas. The session provided a comprehensive
enterprise, economy, environment, and society. summary of the ESG report preparation process,
identified areas for improvement, and offered guidance
to continually enhance ESG disclosure quality and
management efficiency. Training site
Sustainable
The Company has embedded environmental, social, and governance standards into its business
management processes. It has formulated the Implementation Rule of the Strategic and Sustainable [Case] Special Training on Social Responsibility Management System
Development
Development Committee of the Board of Directors and established a three-tier ESG governance
structure involving the "Board of Directors, Strategy and Sustainable Development Committee, and
In July 2025, Jiaozuo Ancai conducted a special training
Governance
Strategic Working Group/ESG Working Group," promoting cross-departmental collaboration in ESG-
on the social responsibility management system for its
related work, and steadily enhancing the professionalism and systematization of the Company's
mid-level management personnel and internal auditors.
System
ESG management. The training covered fundamental understanding of
social responsibility, interpretation of regulations and
standards, and the establishment and operation of the
system, with a focus on the GB/T39604-2020 standard
and the PDCA cycle mechanism. The entire process,
Strategy and Sustainable from system planning and implementation to checking
Board of Directors
Development Committee and improvement, was systematically explained. This
training enabled participants to gain a fundamental
understanding of the social responsibility management
Study and propose recommendations related system and practical methods, effectively enhancing
Review and approve ESG-related proposals to the Company's ESG work, coordinate and employees' awareness of social responsibility and their
submitted by the Strategy and Sustainability promote the establishment of the ESG system, sense of duty. It laid a strong talent foundation for the
Committee of the Board of Directors, as well identify and assess ESG risks, supervise and implementation of the corporate social responsibility Training site
as major ESG development matters for the evaluate the implementation of ESG work, review management system.
Company the content of ESG information disclosures, and
report to the Board of Directors
Social Responsibility Management System Certificate
Strategic Working Group ESG Working
Group
Provide relevant materials such as business, Assist in setting ESG goals and long-term
financial, and macro-policy data to support the development directions, collaborate with various
strategic and ESG work's preliminary research departments in formulating ESG action plans
and preparation and track progress, and review ESG reports and
related disclosure documents to ensure their
completeness and accuracy
Communications The Company places great importance on communication with stakeholders. Adhering to an open
and transparent communication philosophy, it continuously expands and enriches communication
Assessment Process of Material Topics
with Stakeholders channels, establishes efficient and regular communication mechanisms to promptly understand
the expectations and demands of stakeholders in a timely manner, and actively converts feedback The Company analyzes its own situation, understands the requirements of the capital
into specific actions. The Company maintains close cooperation and collaborative development Step 1: Topic collection markets, rating agencies, domestic and international standards, regulatory policies, and
with various stakeholders, continuously gathering collective effort to promote stable corporate industry best practices, as well as topics including stakeholders’ expectations, public
development and achieve mutually beneficial outcomes. concerns, and media coverage.
Stakeholders Material Topics of Concern Main Communication Methods and Channels
Step 2: Topic
Company website and WeChat official account; The collected topics are then organized and identified.
identification
General Meeting of Shareholders;
Communications with stakeholders; Regular reports and announcements;
Shareholders Due diligence. Performance briefings;
and investors Investor hotline and email; Step 3: Topic evaluation Topic research, surveys, stakeholder interviews, and other methods are used for
SSE e-Interactive platform; and prioritization evaluation.
On-Site investor research visits.
Environmental compliance management;
Response to climate change;
Meeting communication; Step 4: Evaluation of the
Pollutant emissions; Each topic undergoes a comprehensive analysis and importance assessment.
Government Daily supervision and communication;
Waste disposal; materiality of topics
Information disclosure and submission
and regulatory Anti-commercial bribery and anti-corruption;
authorities Anti-unfair competition;
Due diligence
Employee Congress; Step 5: Formation of a Based on the importance of each topic and its relevance to the Company's operations
Employee symposium; matrix of material topics and stakeholders, the topics are prioritized to form a matrix of material topics.
Work meetings;
Employees Employees Employee training;
Employee satisfaction surveys;
Employee activities;
Work performance evaluations Matrix of Material Topics
Daily communication;
Product and service safety and quality; Customer service; Circular economy
Customers Data security and customer privacy protection Satisfaction surveys Communications with stakeholders
Water resource utilization Pollutant emissions
Equal treatment of small and medium-sized enterprises Response
to climate Environmental compliance management
Energy utilization change
Supply chain security; Supplier evaluation and auditing;
Suppliers and Equal treatment of small and medium-sized Supplier training; Contribution to society and Innovation-driven
Employee training & development development
partners enterprises Daily communication rural revitalization
Due diligence Product and service safety and quality
Anti-unfair competition
Anti-commercial bribery Data security and privacy protection
Impact materiality
and anti-corruption
Occupational health and safety
Industry Innovation-driven development; Industry associations and organizations; Protection of employees’ legal
rights and interests Supply chain security
associations Technology ethics Industry exchanges
Technology ethics
Waste disposal
Contribution to society;
Environmental protection management;
Rural revitalization; Ecosystem and biodiversity protection
Resource conservation measures;
Community and Response to climate change;
Welfare activities;
Ecosystem and biodiversity protection;
the public Charitable donation;
Energy utilization;
Rural revitalization;
Water resource utilization;
Volunteer service activities
Circular economy
In topic management, the Company systematically references the requirements of
Material Topic mainstream domestic and international disclosure frameworks, primarily based on
the Guidelines No. 14 of the Shanghai Stock Exchange for Self-Regulation of Listed
Financial Materiality
Management Companies—Sustainability Report (Trial). Through careful assessment and adjustment, a
total of 89 questionnaires were collected this year, leading to the identification of 7 topics of
Remarks: Given that Ancai Hi-tech’s primary business is the production and sale of photovoltaic glass and natural gas transportation via the West-East Gas Transmission Project’s
Northern Henan Branch pipeline, that its business operations are not directly linked to cutting-edge technologies like artificial intelligence or life sciences, nor does the Company operate
financial materiality and 18 topics of impact materiality. These key topics were specifically in ecologically sensitive or fragile regions such as critical ecological function areas, ecological redlines, or nature reserves, and that its products do not impact ecosystems, species
addressed in the report. habitats, or biodiversity throughout their lifecycle, the Company does not address topics related to technology ethics, ecosystem protection, or biodiversity conservation.
General The General Meeting of Shareholders is composed of all shareholders and is the
Company’s highest decision-making body, exercising the decision-making authority over
significant matters in accordance with the law. The General Meeting of Shareholders
Meeting of
follows the Rules of Procedure for the General Meeting of Shareholders and is responsible
for electing and replacing directors, reviewing reports of the Board of Directors, discussing
Shareholders profit distribution and loss recovery plans, determining capital increases or reductions,
reviewing major transactions and external guarantees, deciding on the Company’s
mergers, divisions, and dissolution, and making resolutions regarding amendments to the
Standardized Governance Company’s Articles of Association. The Company’s General Meeting of Shareholders is
divided into annual meetings and extraordinary meetings, with the annual meeting being
held once a year. To ensure shareholders can exercise their rights according to the law,
the General Meeting of Shareholders can be held using a combination of on-site meetings
and online voting, ensuring shareholders can lawfully exercise their rights to information,
participation, and voting.
The Company strictly adheres to relevant laws and regulations, such as the Company Law, the Securities Law, and
the Code of Corporate Governance for Listed Companies, improving its corporate governance structure, establishing [Key Performance]
and strengthening internal management and control systems, and enforcing them rigorously. The General Meeting
of Shareholders, the Board of Directors, and the management team perform their respective duties and work in During the Reporting Period, the Company convened a total of 3 General Meetings of Shareholders,
coordination, continuously standardizing the Company’s operations, effectively safeguarding the legal rights and during which 18 proposals were deliberated and adopted.
interests of all shareholders, and enhancing corporate governance standards.
The Company has established a comprehensive governance structure, where the responsibilities of the General The Board of Directors is the Company’s decision-making body for operations and is
accountable to the General Meeting of Shareholders. The Board of Directors exercises
Meeting of Shareholders, the Board of Directors, and the management team are clear and well-defined. Through
its authority based on the Articles of Association, the Rules of Procedure for the Board of
effective collaboration, a governance system is formed that sets direction, makes decisions, strengthens supervision,
Directors, and other relevant systems. It is responsible for implementing the resolutions
and ensures implementation, continuously driving the Company's standardized and efficient operation.
Board of of the General Meeting of Shareholders and, in accordance with the law, for reviewing
and making decisions on significant matters related to the Company. During the reporting
Directors period, the Company's directors strictly adhered to relevant laws, regulations, and the
Company's Articles of Association in the performance of their duties. They fulfilled their
fiduciary and diligence obligations, actively participating in the decision-making and
Organizational Chart of the Company supervision processes of the Board of Directors, ensuring that the Company’s business
activities are lawful and compliant, and safeguarding the overall interests of the Company
and the legal rights and interests of all shareholders.
Ancai Hi-tech
[Key Performance]
Department
Operation Management
Department
Engineering Management
"Dual Promotion" Office
Work Department
Party and Government
Department
Human Resources
Department
Planning and Finance
Department
Strategic Investment
and Audit Department
Discipline Inspection
During the Reporting Period, the Company held a total of 13 meetings of the
R&D Center
Service Center
Comprehensive
Board of Directors, deliberating and adopting 38 proposals.
The Board of Directors has five specialized committees: the Strategy and Sustainability
Committee, the Audit Committee, the Remuneration and Appraisal Committee, the
Centralized
Board Nomination Committee, and the Risk Management Committee. The specialized
Photovoltaic
Gas Business Unit
Packaging Materials
Ancai Pharmaceutical
Glass Research Institute
Factory (Smart Manufacturing)
Equipment Manufacturing
Solar Thermal Technology
Puyang Xinhe
Ancai committees are accountable to the Board of Directors and perform their duties in
Committees
management of
Energy Business procurement,
Unit production, and sales
in subsidiaries
accordance with the Implementation Rules for the Audit Committee of the Board
of Directors, the Implementation Rules for the Nomination Committee of the Board
of Directors, and other working guidelines. They provide professional opinions and
support for the Company's major decisions, ensuring the scientific and impartial nature
Dingran Gas
Jiaozuo Ancai
Xuchang Ancai
Silicon-Based
Anyang
High Purity Minerals
Ancai New Energy
Semiconductor
Ancai
Ancai Photovoltaic
Materials
Xuchang Antimony
of the decision-making process.
Silicon-Based
Jiaozuo
Based
Henan Silicon-
Diversity of The Board of Directors has established a Nomination Committee, which is responsible
for researching the selection criteria and procedures for directors and senior executives,
and for selecting and reviewing the qualifications of candidates. During the selection
the Board of process, the committee comprehensively considers candidates’ professional ethics,
background, industry experience, and capacity to perform their duties. It promotes a
Directors diverse professional structure among the board members, supporting scientific decision-
making and standardized governance. The Company places significant importance on
the diversity of its board members in terms of age, cultural and educational background,
professional experience, and skills. Risk Management and
The Board of Directors consists of eight members, including three independent directors,
accounting for 37.5%. Each independent director possesses extensive expertise and
Internal Control
work experience in fields such as finance and law, ensuring robust decision-making
support for the Company. Ancai Hi-tech places high importance on risk prevention and
internal control management. It has established a comprehensive
Composition of a Diverse Board multi-level, full-process risk control system that covers potential
risks in all aspects of business management, thereby building a
By Gender By Age
solid safety line for the Company’s operations.
Male 7 persons 40-50 years old 3 persons
To establish a standardized and effective risk control system and enhance its risk prevention
Female 1 person 50-60 years old 5 persons capabilities, the Company has formulated the Risk Management Measures and built a "three lines
of defense" risk management organizational structure centered around the Board of Directors,
Risk Risk Management Committee, and various functional departments. This structure ensures that
risk management covers all business processes, including production, procurement, sales, and
By Type By Academic Qualification
Independent
Management investment, forming a closed-loop management system. The Company follows a full-process risk
management mechanism of "Identification - Evaluation - Early Warning - Handling - Improvement,"
directors 3 persons Doctoral degree 3 persons
using a combination of qualitative and quantitative methods to classify risk levels. A multi-dimensional
risk early warning system is established, covering financial, operational, and other risks to accurately
Non-Independent 5 persons Master's degree 3 persons
directors prevent and control potential risks. At the same time, the Company has developed an efficient and
responsive risk emergency handling mechanism, clarifying risk responsibility accountability and
Bachelor’s 2 persons continuous improvement requirements. Through regular self-inspections and supervision evaluations,
degree
the risk management system is continuously optimized, establishing a solid safety barrier for the
Company’s stable operations.
The Company continuously deepens its risk prevention and compliance education and training system.
The Company highly values the independence of its Board of Directors. Based on the Through professional teaching, online and offline integration, and other diverse formats, the Company
Board System of Work of Independent Directors, the Company standardizes the qualifications, effectively raises employees’ awareness of risk prevention.
nomination procedures, and performance requirements of independent directors to
Independence ensure they can independently and objectively fulfill their duties. Independent directors
play a significant role in the Board of Directors by participating in decision-making, [Case] Special Training on Legal Awareness
supervising, providing checks and balances, and offering professional consultations.
They independently review and supervise matters involving potential conflicts of interest
On December 12, 2025, the Company organized a special training on legal awareness, inviting external professional lawyers
and other critical issues, effectively safeguarding the Company’s overall interests and
to provide systematic lessons on preventing legal risks in both personal matters and corporate operations. The training was
the legal rights and interests of minority shareholders.
conducted in a "on-site teaching + DingTalk live broadcast" format, covering all employees in the Company. The aim was to raise
the legal risk awareness of all employees, strengthen the corporate compliance management system, and lay a solid foundation
for the Company’s stable operations and sustainable development through the rule of law.
Effectiveness The Company adheres to the Articles of Association, the Rules of Procedure for the
Board of Directors, and other institutional frameworks to regulate the operation of the
Evaluation Board of Directors, specifying the procedures for convening and holding meetings,
reviewing topics, and voting requirements. Meetings of the Board of Directors must
for Board of be attended by more than half of the directors to be valid, and resolutions on agenda
items require the approval of more than half of all directors. Directors independently
Directors and prudently express their opinions after thoroughly reviewing the meeting materials,
and participate in voting in accordance with the law. The Company uses formal
minutes of meetings and a resolution execution supervision mechanism to improve the
standardization and effectiveness of the Board of Directors’ decision-making.
Training site
Internal Control The Company, with the Management Measures for Internal Control Evaluation as
the core, follows principles such as comprehensiveness and significance to conduct
The Company has established a clearly defined hierarchy for information transmission, review, and disclosure processes, specifying the
roles and responsibilities of the Board of Directors, Audit Committee, Board Secretary, and various departments. It also has stringent
internal control evaluations for itself and its subsidiaries. The evaluations cover the five provisions on confidentiality of undisclosed information and control of insider information, thereby strengthening the information
key internal control elements, including internal environment and risk assessment. A disclosure management defense line. In addition, the Company has built a dual security mechanism consisting of audit supervision and
standardized internal control deficiency identification and classification management accountability. Through the Audit Committee and internal audit institutions, the Company conducts regular supervision and holds those
system has been established, categorizing deficiencies into major, significant, and responsible for any violations of information disclosure accountable, ensuring the effective implementation of the information disclosure
general types. The Board of Directors ultimately identifies major deficiencies, and the management system.
management team organizes the rectification of deficiencies and related accountability, The Company has established a comprehensive public opinion management system according
ensuring the continuous and effective operation of the internal control system.
Public Opinion to the Public Opinion Management Measures, with the Board of Directors taking the lead in public
opinion management. An emergency public opinion management team is set up as needed, with
Management
clear responsibilities for the securities business department to collect public opinion and obligations
Related-Party The Company has developed the Related-Party Transaction Management System,
which defines the scope of various related-party transactions, such as asset purchases
for coordination from other functional departments. The system also standardizes the classification
and reporting processes of public opinion information. The Company has formulated principles for
and provision of services. It stipulates that related-party transactions should follow the
Transactions principles of voluntariness, fairness, impartiality, transparency, and equity. Additionally,
rapid response to public opinion and sincere communication, implementing differentiated measures
for handling general and major public opinion events. At the same time, a strict confidentiality
a full-process management mechanism for related-party transactions has been and accountability mechanism has been established to effectively prevent public opinion risks,
established, including hierarchical review of related-party transactions, related-party protect the Company's commercial reputation, and safeguard the legitimate rights and interests of
voting recusal, and timely information disclosure. The Audit Committee is responsible for investors.
overseeing related-party transactions, with special provisions for premium purchases
Investor
of related-party assets and responsibility accountability clauses. These measures To deepen investors' understanding and recognition of the Company and to foster a long-term,
effectively standardize related-party transactions and protect the legitimate rights and stable, and healthy relationship with investors, the Company has developed and implemented
interests of the Company and its shareholders.
Relations
the Investor Relations Management Measures. These measures adhere to the four principles of
compliance, equality, proactivity, and integrity. The Board Secretary is the main person in charge,
and the securities affairs management department handles daily operations, communicating with
Tax
The Company strictly complies with national tax laws, regulations, and policy
requirements, fulfilling its tax obligations by reporting and paying all taxes and fees in Management investors on core information related to the Company’s development strategy and management.
The Company builds a bridge for investor interaction and communication through various channels,
full and on time, thereby safeguarding the tax collection and management order. At the
Compliance same time, the Company has established a comprehensive tax compliance management
effectively protecting the legitimate rights and interests of investors, especially small and medium
investors. At the same time, a strict confidentiality system and well-maintained management
system, strengthening the identification and control of tax risks, and standardizing
records are established to regulate all types of investor relations activities.
the entire process of tax accounting and reporting. This ensures the compliance and
standardization of the Company’s tax-related work. In 2025, the Company paid a total of
RMB 72.23 million in taxes.
Channel Types Specific Forms
· SSE E-Interactive
· Investor Contact Telephone
Online · Performance Briefings
· “Investor Relations” Section on
Channels
the Company’s Official Website · Investor Emai
Investor Relations · New Media Platforms
Management
· General Meeting of Shareholders · Roadshows
Ancai Hi-tech always places the protection of investor rights at the core, viewing Offline
information disclosure as an important bridge between the Company and its · Performance Briefings · Analyst Meetings
Communication
investors. The Company continuously deepens its interaction and communication
Methods · Cash Dividend Briefings · On-site Visits
with investors and potential investors, striving to create a fair, transparent, and
standardized investment environment, and to move towards a sustainable future
· Major Events Briefings · Discussion Sessions
together with investors.
To strengthen the management of information disclosure and protect the legal rights and interests
[Key Performance]
Information
of investors, the Company has developed the Information Disclosure Management System, the
Management System for Temporary Suspension and Exemption of Information Disclosure, and
Disclosure
other systems. These systems clarify the core principles of disclosing truthful, accurate, complete,
timely, and fair information in accordance with relevant laws and regulations. The disclosure content
During the reporting period, the Company hosted 5investor activities/performance briefings and
Management
includes periodic reports, interim reports, and environmental, social, and governance reports,
standardizing the information disclosure behavior of the Company and its subsidiaries.
answered investor questions 79 times on the e-interactive platform.
[Case] Pre-Spring Festival Integrity Education Meeting
Spring Festival integrity education meeting for the
leadership team, middle-level managers, and key
Business Behaviors
personnel. The meeting included a viewing of a warning
education video and a study of the spirit of the Fourth
Plenary Session of the 20th Central Commission for
Discipline Inspection, effectively enhancing the integrity
awareness of the Company’s leaders and employees,
Ancai Hi-tech strictly adheres to the Anti-Corruption Law and other and laying a solid foundation for creating a clean and
relevant laws and regulations, always upholding business ethics and market upright festive atmosphere.
standards. The Company insists on compliant operations and honest
Meeting Scene
performance, integrating standardized commercial behavior into every aspect
of its business operations and development. A robust business behavior
management system has been established. The Company conducts various
business activities with responsible commercial behavior, maintaining a fair
and orderly market environment and building a solid foundation for high-
[Case] Warning Education Meeting for Promoting Rectification through Case Studies
quality development through compliant operations.
In September 2025, the Company convened a warning
education meeting on promoting rectification through
case study analysis for relevant employees. During the
The Company has developed the Management Measures for Integrity Files of Leading meeting, warning education videos were screened,
Integrity Cadres and other systems to achieve full coverage of integrity management across typical cases of rule and regulation violations were
presented, the root causes of the cases were analyzed,
the headquarters, subsidiaries, and controlled enterprises. The Company, led by the
Management Discipline Inspection Commission, promotes integrity management and establishes
and post-representatives were organized to submit
their Commitment to Integrity on site. This initiative
dynamic integrity file management for middle-level and subsidiary leadership teams.
System Additionally, it has developed a multi-faceted supervision and inspection mechanism,
effectively tightened the “integrity screw” in the minds
of all leaders and employees, while also injecting a
including routine inspections and special audits, and a hierarchical accountability system. strong impetus for integrity into the Company’s efforts
Clear accountability situations and methods are established, with lifelong accountability to foster a clean and upright political ecosystem and
ensure high-quality development. Meeting Scene
implemented to strengthen supervision and constraints on leaders' integrity.
[Key Performance]
During the reporting period, a total of 320 employees participated in anti-commercial bribery and anti- Anti-Corruption The Company strengthens anti-corruption supervision through special inspections
and requires leaders and key personnel to sign the Commitment to Integrity, promoting
corruption training, including 42 directors and senior executives (including subsidiaries). Supervision anti-corruption supervision to extend to the grassroots. This effectively clarifies the
The proportion of directors and senior executives who received such training was 100% for both categories. responsibility for integrity at each position and strengthens the integrity risk defense line.
The total duration of the anti-commercial bribery and anti-corruption training provided was 320 hours,
[Case] Special Inspection on Integrity in Employment
with the average duration of training per person being 1 hour. A total of 560 people signed the integrity
agreements and other relevant commercial conduct documents. I n S e p t e m b e r 2 02 5, t h e C o m p a n y ’s D i s c i p l i n e
Inspection Commission conducted a special inspection
on integrity in employment at subsidiaries Ancai
Photovoltaic New Materials and Ancai Solar Thermal
Technology using the "Four No's and Two Straight's"
Anti-Corruption The Company regularly conducts anti-corruption and integrity education through various approach. The inspection focused on key positions and
forms, including warning education meetings that promote reform through case studies, areas with high integrity risk. It required subsidiaries to
Education
conduct self-inspection and self-correction and improve
pre-festival integrity education, and other activities. These are combined with case
internal control mechanisms. This inspection brought
analyses, integrity talks, and the viewing of warning education videos to continuously integrity requirements directly to the grassroots,
strengthen the self-discipline and ideological awareness of all employees. effectively understanding the actual situation of integrity
risk prevention and control at subsidiaries, and sent
a clear message of zero tolerance for violations and Meeting Scene
misconduct.
Anti-Unfair The Company strictly complies with the Anti-Unfair Competition Law, the Anti-Monopoly
Law, and other relevant laws and regulations. It has improved its internal anti-unfair
Competition competition control mechanisms, fully integrating anti-unfair competition requirements
into all aspects of its production and operations. The Company is committed to
preventing all forms of unfair competition and upholds the principles of integrity and
fairness in business cooperation, jointly maintaining a regulated and orderly market
competition environment.
Whistleblowing Pursuant to its Management Rules for Discipline Inspection and Supervision
Whistleblowing and Reporting, the Company has established a comprehensive
and whistleblowing and reporting management system for discipline inspection and
Whistleblower supervision. It clearly defines the scope of acceptance and standardized handling
Protection procedures for such reports in accordance with relevant regulations, and has set up
multiple reporting channels, including letters, in-person visits, telephone hotlines, online
reporting, and self-media platforms, thereby achieving full coverage of whistleblowing
and reporting work for the Company’s headquarters, all subsidiaries, and controlled
entities. The Company effectively strengthens the protection of whistleblowers’ rights
and interests. For real-name reports, it provides acknowledgment of acceptance and
feedback on results. In cases of false or malicious accusations, the Company carries out
clarification and restoration of the victim’s reputation in accordance with regulations. At
the same time, the Company has established strict confidentiality management rules for
whistleblowing and reporting, rigorously controlling the scope of access to confidential
information, thereby providing comprehensive protection of the legitimate democratic
rights and interests of whistleblowers and other parties concerned.
Environmental Response to Climate Change
Protection Environmental Management
Energy Utilization
Water Resource Utilization
Material Utilization
Risk/Opportunity
Description of Risk/ Financial Impact Magnitude Likelihood of Response
Category Impact Duration of Impact Occurrence
Opportunity Measures
By relying on its core L o w - c a r b o n
Technological business of photovoltaic p r o d u c t i o n t e c h -
glass, the Company is re-
searching low-carbon
nologies reduce
energy consumption
· Increasing investment
in research and dev-
elopment for green
production technologies
and carbon emission
Response to Climate Change
production processes that · Collaborating on the
c o s t s , w h i l e h i g h - Medium and High Medium application technology
align with the industry's value-added green short-term
trend toward green man- for recycled photovoltaic
photovoltaic glass materials
ufacturing. The iteration p ro d u c t s i n c re a s e
of photovoltaic cell and revenue scale. · Upgrading the low-
Ancai Hi-tech adheres to the core concept of green development, Te c h n o l o g i c a l carbon manufacturing
module technologies pre-
positioning the national "dual carbon" goals as a strategic opportunity to differentiation forms processes for pho-
sents an opportunity for
a market competitive tovoltaic glass.
drive its green transformation. The Company is actively advancing energy- upgrading the Company’s
photovoltaic glass products. advantage and
saving, emission-reduction, and circular clean production initiatives, increases profitability.
relying on technological innovation to achieve efficient resource utilization
The national dual-carbon · Actively applying for
and continuously reduce carbon emissions. Through concrete actions, it Policy suppor policies continue to support
special subsidies for the
contributes to the realization of the carbon neutrality goal. the photovoltaic new green industry
Policy subsidies
e n e rg y i n d u s t r y. G re e n
reduce the cost of · Striving to secure low-
production of photovoltaic
green transformation, Medium and High High interest financing su-
modules and low-carbon
and green finance short-term pport from green finance.
transformation projects
The Company's Board of Directors and management are highly focused on climate lowers interest
a re e l i g i b l e fo r s p e c i a l
expenses on fin-
governance and are committed to establishing a comprehensive climate governance policy subsidies. The green
ancing.
Governance system and framework to proactively address the challenges posed by climate change.
financial system provides
low-interest financing for
By integrating climate governance responsibilities into the existing management low-carbon projects.
system, the Company lays a solid foundation for achieving low-carbon operations and
climate-related management objectives. Note: We define the short-term, medium-term, and long-term impact periods as 1-3 years, 3-5 years, and over 5 years respectively; the high, medium, and low impact levels as severe,
moderate, and slight effects on corporate production and operations respectively; and the high, medium, and low likelihoods of occurrence as highly probable, reasonably probable, and
unlikely to occur respectively, with the same logic applied throughout.
The Company fully recognizes the potential risks and opportunities that climate change
Strategy may bring and incorporates these considerations into its overall risk management
framework. The Company monitors the long-term potential impact of climate change
on its operations and is committed to continuously reviewing related topics in business
Impact, Risk, The Company has established a process for identifying, assessing, and managing
climate risks to ensure that related risks and opportunities are effectively evaluated
planning, while also monitoring relevant risks. and Opportunity and addressed. It continuously optimizes its climate risk management efforts based on
Management business progress and external environmental changes.
Risk/Opportunity
Description of Risk/ Financial Impact Magnitude Likelihood of Response Risk Identification
Category
Opportunity Impact Duration of Impact Occurrence Measures
Based on the TCFD framework, the Company identifies climate-related risks and opportunities from three dimensions:
Physical Extreme weather events
risks triggered by climate change, · I m p rov i n g t h e d i s - physical risks, transition risks, and opportunities, taking into account relevant laws and regulations, market trends, and
such as heavy rainfall and Production interruptions
lead to temporary revenue aster prevention and
high temperatures, can the Company’s actual operating conditions.
reductions, asset damage, resistance infrastructure
disrupt the operations of at production bases
the Company's photovoltaic and additional costs for Medium
glass and other production disaster prevention and and long- Medium to · Optimizing the geo-
r e s t o r a t i o n p r o j e c t s . term Medium graphical layout of the
bases, block supply chain High
logistics, and directly impact Supply chain disruptions supply chain
also raise raw material Risk Assessment
outdoor photovoltaic and · Developing an em-
s o l a r t h e r m a l p ro j e c t s procurement and product ergency response plan
affected by climate disa- transportation costs. fo r ex t re m e we a t h e r Starting from the identified climate risks and opportunities, the Company focuses on the core driving factors and
sters. events
evaluates their potential significant financial impacts, clarifying the timeframes and the level of impact.
Market The green production
s t a n d a rd s fo r t h e p h o - The costs associated
risks with green production
tovoltaic industry are con-
t i n u a l l y u p g ra d e d , a n d t ra n s fo r m a t i o n ra i s e
operational expenses, Medium
downstream customers and long- Medium to Risk Response
are increasingly demanding and non-compliance Medium ·Advancing green
term High
low-carbon procurement, with standards may energy-saving tran-
result in a loss of market s fo r m a t i o n s i n p ro - Based on the identification and evaluation results, the Company develops and implements corresponding response
leading to higher com-
pliance costs and product share. duction processes measures, coordinating its resources and capabilities to control climate change-related risks and seize potential
transformation costs. · Optimizing the pro-
duct system aligning opportunities.
with downstream low-
carbon demands
Metrics and Targets During the reporting period, the Company successfully passed ISO 14001 Environmental
Management System certification.
Metrics Unit 2025
Total GHG Emissions tCO2e 615,475.76
Direct GHG Emissions (Scope 1) tCO2e 440,769.91
Indirect GHG Emissions (Scope 2) tCO2e 174,705.85
GHG Emission Intensity tCO2e per RMB 1 million 210.84
Remarks: The greenhouse gas emissions inventory covers Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the Pharmaceutical
Glass Project Department. Scope 1 emissions mainly originate from natural gas and raw materials, while Scope 2 emissions primarily come from purchased electricity.
The Company actively implements the concept of green, low-carbon development and is
committed to reducing carbon emissions from its operations. Ancai Photovoltaic New Materials
Emission Reduction and Xuchang Ancai have established a digital energy and carbon management center to enable
energy monitoring, carbon emission accounting, and carbon asset management. The Company
Measures has also adopted a series of emission reduction measures, including the construction of rooftop
photovoltaic power plants and the establishment of waste heat utilization facilities, to continuously
advance greenhouse gas reduction efforts. Ancai Hi-tech ISO 14001 Environmental Ancai Solar Thermal Technology ISO 14001
Management System Certification Environmental Management System Certification
Solar Photovoltaic Power
Digital Energy and Carbon Smart Management Platform
Generation Facilities
Environmental Management Environmental Management System Certification Management System Certification
Ancai Hi-tech places great emphasis on environmental compliance
management, rigorously implementing national environmental protection
During the reporting period, the Company promoted the standardized management of environmental
policies and integrating environmental responsibilities into the entire
production and operational process. The Company has established a protection and continuously conducted multi-level environmental protection publicity and learning activities,
standardized control system covering key areas such as wastewater and ensuring that all employees deeply understand and implement the concept of green development and
air emissions, enhancing environmental risk management through system enhancing the Company's social responsibility in environmental protection.
regulations, technological controls, and regular monitoring. It continuously
promotes green compliance operations.
The Company implements a management mechanism for safety and environmental protection
based on the Management Regulations on Safety and Environmental Protection, with
overall leadership from the Company, specific responsibility from each department, and full
Governance participation from all employees. The Work Safety and Environmental Protection Department
is responsible for safety and environmental management, while the main persons in charge of
each department diligently fulfill their responsibilities for safety and environmental protection
work. Annual work safety and environmental protection commitments are signed.
Strategy For the identified environmental management-related risks and opportunities, the
Company has developed corresponding response measures to reduce negative
Impact, Risk, The Company manages various environmental risks through comprehensive
impacts and seize potential development opportunities. and Opportunity identification, scientific evaluation, and dynamic monitoring, ensuring operational
compliance.
Risk
Management
Category Description of Financial Impact Magnitude Likelihood of Response Risk Identification
Risk/Opportunity Impact Duration of Impact Occurrence Measures
· Promoting the Identifying the hazards and environmental factors present in production activities.
Technology Existing pollution Increased costs Medium- High Medium technological upgrade
risks control technologies of technological term to and intelligent
may not meet the transformation long-term transformation of
increasingly stringent environmental protect-
emission standards, ion facilities
Risk Assessment
leading to the risk of · Collaborating with
exceeding the limits. research institutions Assessing risk levels based on the likelihood of occurrence and the severity of consequences.
in introducing or
developing more effic-
i e n t , c o s t - e f fe c t i ve
treatment technologies
· Conducting regular
internal audits for com- Risk Monitoring
Compliance National and local Increased fines, Short-term High Medium
risks environmental damage to the to medium- p l i a n c e a n d h a z a rd The Work Safety and Environmental Protection Department is responsible for supervising the operation and control of
protection laws Company’s term identification risks and significant environmental factors, and for urging departments to carry out hazard identification and corrective
and regulations are reputation ·Strengthening actions.
becoming stricter, with environmental com-
enhanced regulatory pliance training for all
enforcement. employees to ensure
that operating pro-
cedures meet the Risk Management
latest requirements Through technological improvements, optimization of operating procedures, emergency drills, and employee training,
the Company continuously reduces risk levels and regularly reviews the effectiveness of management measures.
Opportunities
Category Description of Financial Impact Magnitude Likelihood of Response
Risk/Opportunity Impact Duration of Impact Occurrence Measures
Metrics and
· Conducting targeted The Company has established an Annual Environmental Protection Responsibility
Market Products that meet Brand value Medium- Medium Medium marketing to promote Agreement, setting clear environmental goals, regularly tracking and reviewing
opportunities higher environmental
standards are more
enhancement term to
long-term
the environmental
benefits of products Targets progress, effectively managing environmental performance, and ensuring continuous
likely to gain market · Actively exploring improvement.
recognition. t h e m a r k e t fo r e n -
vironmentally friendly Environmental Goals Environmental Goals Environmental Goals
products
The government Compliance with standards for
Policy provides financial F i n a n c i a l Short-term Medium Medium · R e s e a rc h i n g a n d
subsidies and tax to medium- actively applying for No environmental pollution incidents the discharge (or disposal) of
support subsidies and tax inc- Stable compliance with
entives for projects i n c e n t i ve s h e l p term various environmental caused by illegal discharge pollutants, such as wastewater,
related to environmental reduce costs. support funds and pollutant discharge standards or improper handling of other exhaust gases, fugitive emissions,
technology trans- preferential policies noise, industrial solid waste,
emergencies
formation, energy hazardous solid waste, etc.
conservation, carbon
re d u c t i o n , a n d c o m -
p re h e n s i ve re s o u rc e
utilization Achieved Achieved Achieved
Metrics Unit 2025
Total Environmental Investment RMB 10,000 4,785.45
Number of Environmental Training Sessions Times 29
Total Hours of Environmental Training Hours 8,584.8
Penalty Incidents Caused by Serious Administrative Penalties
by the Ecological Environment Department and Other Cases 0
Relevant Departments due to Environmental Incidents
Remarks: The scope of total environmental investment includes Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the Pharmaceutical
Glass Project Department. The scope of environmental training includes Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, Ancai Energy,
and the Pharmaceutical Glass Project Department. The number of events resulting in significant administrative penalties from environmental authorities due to environmental incidents is
reported for Ancai Photovoltaic New Materials, Xuchang Ancai, and Jiaozuo Ancai.
Hidden Hazards The Company has established a system for identifying and managing environmental
hazards, with the general manager as the primary responsible person, fully overseeing [Case] Special Emergency Drill for Ammonia Water Leak at Xuchang Ancai
hazard identification work. The Work Safety and Environmental Protection Department
Identification and conducts daily inspections and organizes special inspections during specific seasons, On April 17, 2025, Xuchang Ancai organized a special emergency drill for an ammonia water leak in the ammonia
after incidents, or when notified by higher authorities. The inspection covers eight
Monitoring major categories, including worksite, employee behavior, fire safety, equipment
water storage tank area. The drill tested the employees' emergency response abilities, the provision and usage of
emergency supplies, and enhanced employees' capabilities in handling environmental emergencies.
and facilities, hazardous chemical management, special inspections, and basic
environmental management.
For identified hazards, the Company implements a tiered management system.
General On-site rectification or rectification as soon as possible.
hazards
Major Developing a treatment plan and taking temporary control or
hazards emergency measures before remediation.
[Case] Hazard Rectification by Jiaozuo Ancai
Drill Site
During the reporting period, Jiaozuo Ancai diligently promoted hazard identification, focusing on issues such as
The Company has established a management system that covers both organized and
cleaning broken glass, energy-saving lighting, and labeling standardization. The rectification rate reached 100%,
fugitive emissions of exhaust gases, adhering to strict internal control standards and
effectively enhancing environmental safety management.
implementing ultra-low emissions requirements. To manage fugitive emissions, we strictly
Broken glass in the semi-finished product warehouse
was not cleaned in a timely manner.
Pre-treatment lighting was not turned off in time. Waste Gas enforce the Management Regulations on Fugitive Emissions within the Plant and the "Five
Appropriate Measures and One Enclosing" requirements. Refined dust control is carried
Before Rectification After Rectification Before Rectification After Rectification Management out throughout the entire process of material transportation, storage, and production, as
well as on plant roads and construction sites. Environmental protection facilities, such as
dust removal systems for ingredient mixing, are synchronized with the main equipment in
operation and maintenance.
Metrics Unit 2025
Nitrogen Oxides (NOX) Emissions Tons 295.63
Nitrogen Oxides (NOX) Emission Intensity Tons/RMB 1 million 0.10
The Company has developed emergency management systems such as the Emergency
Emergency Response Plan for Environmental Emergencies, which standardizes emergency response
procedures and handling processes for various environmental emergencies, ensuring clear
Sulfur Oxides (SOX) Emissions Tons 46.08
Plans and responsibilities and organized responses. Meanwhile, the Company conducts emergency
Sulfur Oxides (SOX) Emission Intensity Tons/RMB 1 million 0.016
drills to test the feasibility and effectiveness of emergency plans and continuously VOC Emissions Tons
Drills optimizes emergency mechanisms based on drill outcomes, thereby effectively enhancing
overall emergency response and risk control capabilities. Volatile Organic Compounds (VOC) Emission Intensity Tons/RMB 1 million 0.0024
[Case] Ancai Photovoltaic New Materials Emergency Drill for On-Site Disposal Plan Particulate Matter (PM) Emissions Tons 5.79
for Wastewater Pollution Sources from Water Treatment
Particulate Matter Emission Intensity Tons/RMB 1 million 0.0020
On April 21, 2025, Ancai Photovoltaic New Materials organized an emergency drill for the on-site disposal plan for
wastewater pollution sources from water treatment. The drill simulated a failure of the wastewater lift pump. On-site
operating personnel responded in an orderly manner and handled the situation appropriately, effectively controlling Remarks: The statistical scope of nitrogen oxide (NOX) emissions, nitrogen oxide (NOX) emission intensity, sulfur oxide (SOX) emissions, sulfur oxide (SOX) emission intensity, particulate
matter (PM) emissions, and particulate matter emission intensity includes Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the
the incident and demonstrating the effectiveness of the plan. Pharmaceutical Glass Project Department, while that of volatile organic compound (VOC) emissions and volatile organic compound (VOC) emission intensity includes Ancai Photovoltaic
New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, and Jiaozuo Ancai.
Drill Site
Wastewater The Company strictly controls wastewater discharge at the source by collecting production and domestic
wastewater through a unified pipe network and prohibits the discharge of oil, acid liquids, toxic waste
Metrics Unit 2025
Management liquids, and other harmful substances into the drainage system, implementing classified management of
wastewater. Additionally, according to the On-site Emergency Response Plan for Wastewater Pollution
Waste Generated Tons 141,807.41
Sources, the Company has developed emergency measures, such as closing valves, activating emergency
ponds, and building containment dikes, for scenarios like leakage and equipment failures. A comprehensive Quantity of Hazardous Waste Generated Tons 107.84
management system is in place, covering everything from daily prevention to emergency response.
Quantity of Non-Hazardous Waste Generated Tons 141,699.57
Metrics Unit 2025
Waste Disposal Quantity Tons 42,403.71
Wastewater Discharges Tons 700,848.10
Quantity of Hazardous Waste Disposed of Tons 84.54
Wastewater Treatment Volume Tons 2,433,528
Quantity of Non-Hazardous Waste Disposed of Tons 42,319.17
Wastewater Discharge Intensity Tons/RMB 1 million 240.08
Total Recycled Waste Tons 129,506.73
Wastewater Reuse Volume Tons 2,573,832.45
Quantity of Harmful Waste Recycled and Reused Tons 71.87
Wastewater Reuse Rate % 71
Quantity of Non-Harmful Waste Recycled and Reused Tons 129,434.86
Types of Wastewater Pollutants Discharged
Waste Production Intensity Tons/RMB 1 million 48.58
Chemical Oxygen Demand (COD) Tons 24.63
Generation Intensity of Hazardous Waste Tons/RMB 1 million 0.037
Five-Day Biochemical Oxygen Demand (BOD5) Tons 1.23
Generation Intensity of Non-Hazardous Waste Tons/RMB 1 million 48.54
Suspended Solids Tons 0.47
Waste Recycling Rate % 91.33
Ammonia Nitrogen (NH3-N) Tons 1.71
Recycling Rate of Harmful Waste % 66.65
Total Phosphorus (P) Tons 0.01
Recycling Rate of Non-Harmful Waste % 91.34
Animal and Plant Oils Tons 0.002
Remarks: The statistical scope of the waste generated, generation intensity of hazardous waste, and total recycled waste includes Ancai Photovoltaic New Materials, Ancai Solar
PH / 7.41 Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the Pharmaceutical Glass Project Department, in which the statistical scope of the total volume of harmful waste recycled
includes Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, and the Pharmaceutical Glass Project Department.
Remarks: The statistical scope of wastewater discharge volume, wastewater discharge intensity, chemical oxygen demand (COD), and ammonia nitrogen (NH3-N) includes Ancai
Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the Pharmaceutical Glass Project Department, while that of wastewater treatment
volume includes Ancai Photovoltaic New Materials and the Pharmaceutical Glass Project Department. The statistical scope of wastewater recovery volume and wastewater recovery
rate includes Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, and the Pharmaceutical Glass Project Department, and that of total phosphorus
(calculated as P) and animal and vegetable oils includes only Ancai Photovoltaic New Materials. The statistical scope of pH includes Ancai Photovoltaic New Materials, Ancai Solar
Thermal Technology, Jiaozuo Ancai, and the Pharmaceutical Glass Project Department.
Noise The Company strictly implements plant boundary noise emission standards and conducts
noise monitoring according to the monitoring plan to ensure compliance with noise
Pursuant to the Management Regulations on Solid Waste and following the principles of
Waste lightweighting, resource recovery, harmlessness, pollution accountability, whole-process Management standards. Simultaneously, the noise compliance is integrated into the environmental
management, and classified management, the Company categorizes solid waste into three assessment to effectively control noise pollution.
Disposal types: household waste, general industrial solid waste, and hazardous waste, and implements
segregated collection and management for each category.
· Departments must classify the waste generated during production and daily operations into designated trash bins or send it to
specified locations.
· Recyclable household waste and discarded spare parts must be uniformly delivered by the responsible department to the
Household Work Safety and Environmental Protection Department, which is responsible for external sales and disposal.
waste · Household waste from the cafeteria must be collected at regular intervals and transported to the designated waste disposal
point outside the plant.
· Construction waste must be supervised by the responsible department, ensuring that the construction contractor directly
transports it from the construction site to the designated waste disposal point outside the plant.
General
· All solid waste disposal measures must prevent scattering, loss, and leakage; dumping or stacking of solid waste without
industrial solid authorization is prohibited.
waste
· A classified storage system with clear labeling must be set up at the point of generation. Waste must be transported using
Hazardous specialized tools to a temporary storage area that meets the Standard for Pollution Control on Hazardous Waste Storage, where
waste the storage period shall not exceed one year. The transfer and disposal of hazardous waste must be entrusted to a qualified
entity, and the hazardous waste transfer receipt system must be strictly implemented.
Green Office The Company actively promotes green office practices and implements energy-
saving and emission-reduction requirements. Green principles are embedded in daily
Clean The Company integrates the concept of clean production into its long-term development strategy,
implementing a clean production model that controls pollution at the source and prevents pollution
operations and management details. Production throughout the process. This ensures the optimal use of natural resources and energy, maximizes economic
benefits, and minimizes harm to humans and the environment. In 2025, Ancai Photovoltaic New Materials
strictly followed the Clean Production Audit Measures and established a clean production audit working
Standardizing energy conservation of air conditioners group, which focused on eight dimensions—raw and auxiliary materials and energy, technology, equipment,
For summer cooling, the temperature shall be set no lower than 26° C; for winter heating, no higher than 20° C. Air conditioning may process control, products, waste, management, and employees—to identify the clean production potential
be turned on only when the indoor temperature exceeds 28° C or falls below 16° C. On working days, air conditioning shall be turned in the manufacturing process.
on 10 minutes before work starts and turned off 10 minutes before work ends. After a meeting concludes, the meeting room’s air
conditioning and lights shall be turned off immediately. On non-working days, the main power supply shall be switched off. Frequent Specific measures · For the raw material process, the Company implemented an upgrade of the
switching on and off of the air conditioning shall be avoided. When leaving for a short period, the temperature shall be adjusted homogenization silo and optimized the dolomite dust exhaust system.
appropriately. Air vents shall be kept unobstructed, and placing objects on the equipment is prohibited. made by Ancai · A distributed photovoltaic power station was established.
Photovoltaic New · Through refined control measures such as optimizing the use of burner lances,
Strict electricity and water management adjusting the annealing fan operation strategy, and adding an online sand moisture
Materials detection device, natural gas and electricity consumption were significantly reduced.
In individual work areas, lights shall be turned off and equipment shall be powered off when leaving. In public areas, electrical
· To control fugitive emissions, a dust suppression device was installed at the glass
equipment shall be turned off immediately after use. Automatic lighting facilities shall be adjusted according to seasonal changes
to eliminate “lights left on permanently”. Faucets shall be turned off promptly to prevent "running, overflowing, dripping, or leaking." scrap storage bin to prevent dust diffusion from the source.
· In waste management, the addition of oil collection tanks for the rolling machine and
optimization of secondary roller marking treatment enabled waste oil recovery and a
reduction in the reject rate.
Promoting paperless operations and material conservation · Other improvements included the recycling and reuse of packaging materials, the
return of anti-mildew paper rolls to the manufacturer, and the digital management of
The DingTalk electronic office system is adopted to enable full-process online handling of document review, approval, and circulation.
Double-sided printing and single-pass printing are implemented; office supplies are strictly managed to avoid duplicate procurement three-tier water metering.
and long-term idle inventory. The principle of “repair rather than purchase when possible, and exchange old for new” is promoted.
Optimizing meetings and travel methods
It is encouraged to “combine meetings, keep meetings short, and focus on key points”. For local meetings, participants shall bring
their own cups to reduce single-use items. For off-site meetings, video conferencing shall be prioritized. For business travel,
priority shall be given to public transportation, cycling, or walking. For official vehicles, carpooling is encouraged to reduce the
frequency of vehicle use.
Green Design
Energy Utilization
The Company deeply integrates the concept of green design throughout
the entire lifecycle of product development and production. By utilizing
third-party Environmental Product Declarations (EPD), the Company Ancai Hi-tech adheres to the Energy Conservation Law and other related
conducts lifecycle assessments to scientifically quantify the environmental laws and regulations, implementing standardized control over energy usage,
impact throughout the entire process, providing accurate data support for continuously optimizing the resource utilization structure, exploring the
continuous optimization of green design.
recycling value of resources, and empowering the Company's green and low-
The product design of the Company’s Photovoltaic Business Unit closely carbon transformation and sustainable development.
aligns with the green development needs of the photovoltaic industry. It has
developed 1.6 mm ultra-thin photovoltaic glass that meets the requirements
of high-end large-format modules such as the 210 format. Leveraging its
core performance advantages of high light transmittance and low iron
content, this glass effectively enhances the energy conversion efficiency
of photovoltaic modules and supports energy saving and consumption Energy Management System
reduction in downstream photovoltaic systems. On the production side,
guided by green design, the Company has built upstream and downstream The Company has established the Energy Management
supporting industrial chains for quartz sand, sodium pyroantimonate, and Regulations and formed an energy conservation and
other materials, enabling efficient internal recycling of resources within emission reduction leading group, creating a three-tier
the industry and reducing resource consumption and environmental energy management network involving the Company,
impact at the source. Additionally, product green design strictly adheres to workshops, and teams, to implement standardized
international and domestic standards such as GB/T24025 and GB/T29551. management of energy usage throughout the entire
Environmental performance is verified by professional third-party agencies, process. Ancai Photovoltaic New Xuchang Ancai
ensuring compliance with green building material and green building Materials ISO 50001 ISO 50001 Energy
certification requirements. This guarantees the scientific and authoritative During the reporting period, the Company obtained the ISO
Energy Management Management System
nature of the green design achievements. Xuchang Ancai Green and Low Carbon Certificate 50001 Energy Management System certification and green
System Certification Certification
and low-carbon certification.
Energy Saving The Company always regards energy saving and carbon reduction as key drivers of
sustainable development. By combining technical expertise and digital empowerment,
[Case] Xuchang Ancai’s Technical Retrofit Project Replacing Electric Refrigeration Air
Conditioning with Retrofitted Lithium Bromide Absorption Refrigeration
Measures it enhances energy efficiency.
In 2025, Xuchang Ancai launched a technical retrofit project to replace electric refrigeration air conditioning with
Technology-driven Promote the construction of new energy projects and utilize the plant's resources to
retrofitted lithium bromide absorption refrigeration. Through major overhaul and maintenance of the units, upgrading
Energy Conservation develop photovoltaic power generation and energy storage facilities.
of the control system, and the addition of new cooling towers, a water softening system, and terminal ducts and
fans, the project achieved centralized cooling for the tempering furnace control room, substation, and packaging
Establish a unified energy and carbon data collection and management system, achieving
workshop. After commissioning, the cooling effect has been stable, with temperatures in various areas maintained
equipment IoT integration and data standardization. By deeply integrating energy and
Digital Carbon carbon data with production schedules and process parameters, the Company identifies between 21° C and 23° C. At the same time, remote monitoring and energy-efficient operation have been realized,
Management Center
inefficient areas, supports production optimization, and manages equipment energy effectively reducing electricity consumption.
efficiency, effectively improving management efficiency and reducing energy costs.
Energy Metrics and Targets
[Case] Photovoltaic Power Generation Project of Photovoltaic New Materials Metrics Unit 2025
Since 2020, Ancai Photovoltaic New Materials has launched a distributed photovoltaic power generation project, Total Energy Consumption tce 169,962.30
adopting building-integrated photovoltaics (BIPV) to organically combine building energy conservation with clean
energy production. Additionally, the Company has actively expanded the residential photovoltaic market and has Energy Consumption Intensity tce/RMB 1 million 58.22
already established a 20 MW distributed residential photovoltaic system, promoting clean energy in communities.
In 2025, the 2.2 MW source-grid-load-storage integrated rooftop photovoltaic project was completed and put into Natural Gas 10,000 m3 11,625.84
Stationary Source Fuel
operation, further enhancing collaborative optimization capabilities. It is expected to generate 2.2 million kWh of
Consumption Gasoline Tons
electricity annually, contributing stable green revenue to the Company. 11.33
Mobile Source Fuel Gasoline Tons 10.18
Consumption Diesel Tons 94.60
Purchased Energy
Total Purchased Electricity kWh 211,492,341.18
Consumption
PV Generation kWh 23,838,240
Renewable Energy Waste Heat and Pressure Power kWh 61,206,557
Generation
Consumption
Renewable Energy Consumption tce 10,452.01
Photovoltaic Equipment at the Ancai Photovoltaic New Materials plant site Proportion of Renewable Energy % 6.15
Consumption
Remarks: The statistical scope of natural gas in stationary source fuel consumption includes Xuchang Ancai, Jiaozuo Ancai, Pharmaceutical Glass Project Department, and Ancai
Energy, and that for gasoline includes Xuchang Ancai. The statistical scope of gasoline and diesel in mobile source fuel consumption includes Xuchang Ancai and the Pharmaceutical
Glass Project Department. The statistical scope of total purchased electricity includes Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and the Pharmaceutical Glass
Project Department, and that for renewable energy consumption includes Ancai Solar Thermal Technology, Xuchang Ancai, and Jiaozuo Ancai. The total energy consumption is
[Case] "Source-Grid-Load-Storage Integration" Project of Xuchang Ancai calculated based on the data above, with the statistical scope consistent with that of the aforementioned categories.
Ancai Photovoltaic New Materials focuses on optimizing energy structure and improving energy efficiency. With the 2024
Xuchang Ancai has advanced the construction of a "source-grid-load-storage" integrated demonstration project, energy performance parameters as the baseline, the Company has set energy goals for 2025, promoting the transition
utilizing vacant areas within the plant to build photovoltaic power stations that meet the Company's demand for towards more refined and intelligent energy utilization.
green electricity.
Metrics 2024 Energy Baseline 2025 Energy Target Reduction Ratio
Comprehensive Energy 856.42 kgce per RMB 856.42 kgce per RMB
Consumption per Unit 10,000 0%
Output Value
Comprehensive Energy 16.68 tce per 10,000 16.51 tce per 10,000
Consumption per Unit square meters square meters 1%
Product
Real-site photo of the "Source-Grid-Load-Storage Integration" Project
Pure Water System Wastewater Soft Water System Circulating Water
Treatment System System
Water Resource High-Purity Water
(EDI) System
Waste Heat Steam
Utilization Equipment Cooling Tower Waste Heat Boiler
Utilization
T h e C o m p a ny e n h a n c e s wa t e r e f f i c i e n c y a n d re d u c e s wa t e r
consumption per unit of product through strengthened process control
and deep wastewater treatment measures. Significant achievements
[Case] Comprehensive Water Resource Utilization Retrofit Project of Ancai
have been made in the comprehensive utilization of water resources and
Solar Thermal Technology
water-saving technological upgrades, strongly promoting the Company's
Ancai Solar Thermal Technology's Power Workshop has focused on recovering and reusing the discharge
green, low-carbon transformation and sustainable development.
wastewater from the power generation, float glass line, and nitrogen-hydrogen station water tanks. By constructing
underground collection tanks and adding filtration and softening systems, the discharged soft water and pure water
concentrate are treated and reused. After the project was implemented, production costs were effectively reduced,
and wastewater discharge was minimized.
Water Resource The Company established a water conservation leading group, set up a three-tier water
management network, and developed policies such as the Plant Water Management
Management System and the Water Metering Management System. Water consumption targets
System have been integrated into the core assessment criteria for each workshop, reinforcing
the implementation of water-saving management and assessment. A dedicated water
monitoring organization has been set up, with water quantity and quality monitoring
equipment installed at key water usage points in major systems. This allows for real-
time transmission and monitoring of water data, enabling precise control of the plant's
water usage dynamics. Through comprehensive, detailed management and regular
monitoring, the Company minimizes water loss, ensures the rational and efficient use
of water resources, and enhances the economic and social benefits of water utilization
while ensuring work safety.
Water
Conservation
The Company continues to advance water-saving initiatives by optimizing processes,
strengthening daily management, and increasing water recycling rates to reduce water Water Resource Metrics and Targets
Measures
resource consumption and contribute to sustainable development.
Metrics Unit 2025
Total Fresh Water Withdrawal Tons 560,728
· Adopting advanced pure water preparation processes to increase pure water
production rates; Municipal Water Purchased Tons 1,210,981
·Treating production wastewater through an edging wastewater treatment Underground Water Tons 296,632
system, with most of the treated water reused in edging and cleaning
processes; Total Water Consumption Tons 19,595,992
·Discharging domestic sewage into a septic tank before sending it to a Water Consumption Intensity Tons/RMB 1 million 6,712.85
wastewater treatment plant for further treatment;
Fresh Water Consumption Tons 1,227,823
·Exploring comprehensive utilization of rainwater, which is settled and then
used for dust suppression and green area irrigation within the plant site; Total Water Recycling and Re-Use Volume Tons 22,776,000
·Implementing water-saving technical retrofits such as automatic lower roller Remarks: The statistical scope of fresh water withdrawal includes Ancai Solar Thermal Technology and Xuchang Ancai, and that of municipal water purchased includes Ancai
cleaning transformation and sodium tank recycled water recovery; Photovoltaic New Materials, Ancai Solar Thermal Technology, Jiaozuo Ancai, Pharmaceutical Glass Project Department, and Ancai Energy. The statistical scope of underground water
includes Ancai Energy, Xuchang Ancai, and Ancai Photovoltaic New Materials, and that of total water consumption and water consumption intensity includes Ancai Photovoltaic New
·Conducting regular water balance tests to continuously optimize the water Materials, Ancai Solar Thermal Technology, Xuchang Ancai, and Ancai Energy. The statistical scope of fresh water consumption includes Ancai Solar Thermal Technology, Jiaozuo
Ancai, and Xuchang Ancai, and that of total water recycling and re-use volume includes Ancai Solar Thermal Technology.
use system.
Xuchang Ancai conducts a water balance test and water quality analysis for each water system across the plant every three to five years,
establishing test records. Based on the test results, water-saving targets are set, and corresponding water-saving renovation plans are
developed.
Material The Company integrates resource efficiency and green, low-carbon development throughout the
material management process. Through ongoing practical initiatives—such as continuously optimizing
Management packaging design, promoting reduction and substitution, and strengthening recycling and reuse—
the Company effectively reduces material consumption and waste generation while safeguarding
production operations and product quality. This approach to meticulous management supports the
Company’s sustainable development.
Material Utilization [Case] Reduction of Packaging Materials
During the reporting period, Ancai Photovoltaic New Materials pressed ahead with the reduction and lightweighting
of packaging materials. By improving the structure and material selection, the thickness of the packaging wooden
boards was reduced by 0.5 cm from the original 3 cm. While maintaining packaging strength and transport safety,
Ancai Hi-tech adheres to the green development philosophy, incorporating
this initiative effectively lowered packaging material consumption, resource use, and waste generation.
resource conservation and efficient utilization throughout its operations.
The Company continues to optimize its material management system,
focusing on reducing production material consumption. It actively explores
environmentally friendly, efficient, and lean material control pathways,
steadily advancing the upgrading of packaging materials toward lighter
weight, reduced volume, and greener alternatives. Through concrete actions,
the Company supports the low-carbon transformation of the industry and
strives to become a benchmark for green development.
The Company has formulated policies including the Position Management Regulations for Packaging
Materials, Position Management Regulations for Raw Materials, and Workflow for Raw Material
Material Warehouse, which systematically govern the entire process of raw materials and packaging materials
from receipt upon arrival, inspection and testing, warehouse storage, dispatch and shipment, to the
Before Material Reduction After Material Reduction
Management disposal of waste and used materials. These policies clearly define the responsibilities and operational
System standards for various positions, such as storekeepers, inspectors, samplers, and safety officers,
and strictly enforce requirements for hazardous substance control, batch management, FIFO (first-
[Key Performance]
in, first-out), consistency of accounts, items, and cards, as well as regular inventory checks. Relying
on the EAS system, the Company achieves daily data closing and monthly reconciliation, ensuring
standardized, efficient, and safe warehouse operations. During the reporting period, Ancai Solar Thermal Technology's raw material packaging bags were 100% recycled
Raw Materials Management Process Diagram of Ancai Solar Thermal Technology and reused by the supplier, effectively reducing packaging waste and increasing resource recycling rates.
The storekeeper receives The transportation
incoming raw materials vehicle is weighed. The The storekeeper
according to the plan; storekeeper arranges supervises the unloading
unscheduled arrivals are
not accepted. Delivery by
truck
unloading in the order of
weighing.
process.
Damage or
Metrics and Targets
shortage
Metrics Unit 2025
No damage or
shortage
The sampler collects After the vehicle is The cause of the breakage is Total Raw Material Usage Tons 387,896.48
samples on-site and notifies reweighed (tare weight), determined. The storekeeper
the delivery personnel to After the full batch of the storekeeper checks notifies the relevant
materials is received, a the net weight against department to confirm the Toxic and Hazardous Raw Material Consumption Tons 2,250.84
send samples. The delivery
personnel promptly return goods receipt notice is the received quantity. If quantity, removes the broken
issued the same day. items, and accepts the Proportion of Toxic and Hazardous Raw Material
the results to the Raw consistent, the storekeeper Tons
accepts the quantity as quantity based on the actual Consumption 0.58
Material Warehouse and the
Procurement Department. actually received. intact receipt.
Non-renewable Raw Material Consumption Tons 387,896.48
The material passes inspection
The material fails inspection Proportion of Non-renewable Raw Material Consumption % 100
At the end of each month,
Not complete the warehouse inventory
warehousing Total Quantity of Packaging Materials Used Tons 1,585.99
Based on the workshop’s is counted, and any
procedures; the discrepancies are analyzed. A
procurement personnel Complete warehousing material requisition or
report is written detailing the Paper Packaging Materials Tons
are promptly notified in procedures transfer order, goods are
reasons for the discrepancies 1,454.7
writing to arrange for a dispatched.
and filed with the department.
return. The discrepancies are Plastic Packaging Materials Tons 131.29
handled at the end of the year.
Remarks: The statistical scope of data related to raw materials and packaging materials only covers Xuchang Ancai.
Industry Value
Responsible Supply Chain
Innovation-Driven Development
Product and Service Safety and
Quality
Data Security and Customer
Privacy Protection
Risk
Category Description of Financial Impact Magnitude Likelihood of Response
Risk/Opportunity Duration of Impact Occurrence Measures
Impact
· Prioritizing long-
Financial Supplier’s failure to This directly Short-term Medium Medium term cooperation with
risks perform contractual leads to bad debt suppliers who have
obligations and refusal and impacts cash strong capabilities and
Responsible Supply Chain
to refund after advance flow security a good reputation
payment, resulting in and turnover · Clearly defining
capital tie-up and bad efficiency. l i a b i l i t y fo r b re a c h
debt losses o f c o n t ra c t i n a g r -
eements and strictly
implementing the
Ancai Hi-tech is committed to building a value-synergized, sustainable Fund Management
supply chain and steadily fostering responsibility-oriented supply Measures
chain partnerships. The Company continues to optimize procurement · Building a diversified
Market Supply chain dis- These risks Medium High Medium
m a n a g e m e n t m e c h a n i s m s a n d p ra c t i c a l p ro c e s s e s , d e e p l y risks r u p t i o n s , re s o u rc e could lead to fl- and long- supplier network and
shortages, or uctuations in term advancing supplier
collaborating with upstream and downstream partners, gathering environmental raw material management
collective development efforts, and jointly empowering the sustainable constraints that th- prices, capacity · Conducting regular
reaten supply stability limitations, and risk assessments,
development of the industry chain. loss of market developing and drilling
share. emergency response
plans
Governance The Company has established a full-process supply chain procurement and quality control
mechanism under the frameworks of the Supplier Qualification and Evaluation Management Opportunity
Regulations, the Procurement and Key Component Control Procedures, and the Incoming Description of Financial Impact Magnitude Likelihood of Response
Category
Inspection of Purchased Products. These documents standardize the preparation of Risk/Opportunity Impact Duration of Impact Occurrence Measures
procurement plans, the screening of qualified suppliers, the procurement of key components, ·Continuing promoting
and the management of outsourced processing. They also specify that the Procurement Cost reduction Achieving resource Reduce material Medium Medium High the reduction and
Department is responsible for procurement execution, supplier file creation, and retention and efficiency e f f i c i e n c y b y o p t - consumption and long- lightweight opt-im-
opportunities imizing procurement and waste term ization of packaging
of evaluation records. The incoming inspection responsibilities are assigned across multiple pro-cesses and disposal costs, materials
units, including the Quality and Technology Department, the Storage and Transportation advancing packaging enhancing ove- · Establishing a
Workshop, and the Batching Workshop, which carry out sampling, testing, and verification reduction and material rall operational recycling mechanism
recycling efficiency for raw material pac-
for various types of purchased materials such as raw materials, packaging materials,
kaging, reducing re-
equipment, and labor protection supplies. In addition, the Company has defined inspection source waste
standards, time limits, and conformity rules. Nonconforming purchased products are
· Collaborating with
promptly reported to suppliers for follow-up corrective actions. It also implements material Sustainable A d v a n c i n g g r e e n These risks could Long-term Large Medium upstream and do-
inspection exemptions and categorizes inspection management, standardizes the archiving development supply chain and sus- help expand wnstream partners
of inspection records and the timely entry of data, thereby ensuring that purchased materials opportunities tainable development market share in promoting green
p ra c t i c e s t o d e e p l y and effec-tively procurement and
meet quality requirements and enabling closed-loop, controllable management of supply align with consumers’ reduce long-term recycling
chain procurement and incoming material quality. environmental dem- operating costs. · Incorporating ESG
ands and industry performance into the
compliance policy
Strategy The Company conducts systematic risk identification and opportunity assessments
across the entire supply chain process. Based on the results of these assessments, precise
requirements
supplier evaluation
system and nurturing
responsible partners
response strategies are formulated to provide a solid foundation for the stable operation and
sustainable development of the supply chain.
Risk
Category Description of Financial Impact Magnitude Likelihood of Response
Risk/Opportunity Impact Duration of Impact Occurrence Measures
· Signing procurement
agreements in Impact, Risk, and Opportunity Management
Production Delayed arrival or This could lead Short- Large Medium accordance with the
risks substandard quality to order defaults, Contract Management
of raw materials/ i d l e c a p a c i t y, term Regulations and clearly
specifying technical The Company continuously strengthens supply chain risk management, comprehensively enhances risk prevention and
spare parts, disrupting a n d i n c re a s e d
p r o d u c t i o n o r d e r, emergency standards and delivery control capabilities, and effectively reduces supply chain risks to ensure the stability and security of the supply chain.
reducing equipment procurement requirements
startup rates, and costs. · Strengthening su-
affecting production pplier per formance
capacity delivery tracking and incoming
goods acceptance
procedures
Risk Identification
Supplier The Company follows the Supplier Qualification and Evaluation Management Regulations and
the Procurement and Key Component Control Procedures to establish a process for supplier
qualification. The quality of raw materials, auxiliary materials, and key component suppliers
The Company conducts a systematic review and in-depth analysis of the entire supply chain process to accurately
identify potential risk points at each stage, ensuring full coverage with no omissions.
Onboarding is strictly controlled to ensure compliance with the Company's quality, environmental, and
occupational health and safety management requirements. This guarantees stable procurement
material quality and reliable supply from the source.
Application Sample Submission Trial Production Comprehensive Approval for
Risk Assessment for and Inspection and Use Evaluation Storage
Admission
The Company conducts in-depth analysis of the root causes, transmission pathways, and influencing factors of supply
chain risks. Integrating historical data, industry assessments, and market information, it scientifically evaluates the W h e n a n ew s u p p l i e r After the application is After samples pass An evaluation team The Procurement De-
needs to be introduced approved, the supplier inspection, the Quality and composed of the Pro- partment drafts the Qualified
probability and severity of risk occurrences, thereby establishing risk management priorities. due to existing supplier provides samples and the Technology Department curement Department, Supplier Approval Form and
supply issues, market manufacturer's quality formulates a trial run/ Quality and Technology submits it, together with the
changes, or the Company’s inspection report. The trial use plan, which Department, Storage and qualification application, test
planning, the Procurement Quality and Technology is implemented upon Transportation Workshop, reports, trial run summary,
Department prepares a Department is responsible confirmation at a production and the user department evaluation report, and
qualification application for inspecting raw material coordination meeting carries out on-site other documents, to the
Risk Control and Prevention explaining the reasons and samples, while the Storage organized by the General evaluations for production C o m p a n y ’s s u p e r v i s i n g
submits it for the approval a n d Tr a n s p o r t a t i o n Administration Department. suppliers. For agents, a leader for approval. Only
For identified and assessed risks, control plans and preventive measures are developed. of the Company’s leaders. Workshop handles Upon completion of the comprehensive assessment after approval can the
packaging material trial run, a summary covering creditworthiness, supplier be included in the
single-source dependency. countersigned by the capacity, product quality,
Procurement Department, and service capability is
the Quality and Technology performed according to
production plans. Department. standards to determine a
final grade.
[Case] Tender Procurement Practical Training
Risk Monitoring On April 17, 2025, Ancai Photovoltaic New Materials conducted
a training session on tender procurement practices. The
Implement regular monitoring and periodic evaluations of supply chain operation status, promptly identify new risks training used the Tendering and Bidding Law, Procurement
and hidden hazards, and continuously optimize and improve risk management measures, ensuring that the control Management Measures, and other regulations as core teaching
mechanism remains efficiently adaptive. materials, covering topics such as department responsibilities,
procurement processes, integrity building, procurement
m a n a g e m e n t s y s t e m s , p ro c u re m e n t p l a n s , p ro j e c t
management, and procurement process standardization. This
training effectively enhanced the professional capabilities and
compliance awareness of procurement personnel, laying a
solid foundation for standardizing tender procurement and
Metrics and Targets mitigating procurement risks.
Training site
Metrics Unit 2025
Supplier
The Company has established a supplier assessment form, conducting regular
Total Number of Suppliers Unit evaluations and graded assessments for raw and auxiliary material suppliers.
Evaluation and
Raw material suppliers are evaluated monthly, while auxiliary material suppliers
Total Number of Suppliers Signing the Integrity Agreements Unit 81 are evaluated quarterly. The supplier assessment system establishes quantitative
Assessment
indicators across four key dimensions—supply, quality, price, and service—and
Supplier Integrity Agreement Signing Rate % 98.78 implements dynamic management through periodic performance appraisals,
continuously driving suppliers to enhance their supply assurance capabilities and
Number of ESG Training Sessions Conducted For Suppliers Times 1 overall service levels.
Total Hours of ESG Training Sessions Conducted For Suppliers Hours 3 Prioritized for orders and a larger supply share; designated as a key development
≥ 90 points Grade A supplier.
Number of Suppliers Covered By ESG Training Unit 47
Remarks: The statistical scope of the total number of suppliers, total number of suppliers signing the integrity agreements, and supplier integrity agreement signing rate covers Ancai 75 to 89 points Grade B Maintain normal procurement volumes and urge continuous improvement.
Photovoltaic New Materials, Xuchang Ancai, Jiaozuo Ancai, and Ancai Energy, and that of supplier ESG training data covers Ancai Photovoltaic New Materials, Xuchang Ancai, and
Jiaozuo Ancai.
Reduce procurement volumes; if a Grade C rating persists for two consecutive
Suspend supply and require rectification; eliminated outright if rated as Grade D for
<60 points Grade D the year.
Supplier Exit The Company has established a standardized supplier exit mechanism, with clear
and unified exit conditions and graded disposal procedures, continuously improving
Supplier ESG The Company has established the Supplier Code of Conduct and the Supplier
Environmental and Occupational Health Management Notification for all suppliers
providing products and services to the Company. These documents specify ESG
and Elimination the quality and effectiveness of supply chain management. For suppliers that fail to Management management requirements related to environmental, occupational health and safety,
compliance, integrity, human rights and labor, and conflict minerals, urging suppliers to
meet the evaluation criteria, have significant issues with supply quality and service, or
fulfill their sustainable development responsibilities.
experience major safety or environmental incidents, the Company implements graded
disposal according to the risk level: For minor issues, suppliers are urged to rectify by
reducing the procurement share or suspending cooperation; for serious issues, the Dimension Core requirements
qualified supplier status is directly revoked, and cooperation is terminated, thereby
creating a fully closed-loop, controllable supplier management system. Environmental Comply with environmental regulations and RoHS management system requirements;
Management ensure products are accompanied by a Material Safety Data Sheet, composition and
performance specifications, and quality inspection reports; regularly conduct hazardous
substance testing and submit third-party reports; and guarantee that packaging
Supplier The Company continues to conduct supplier training and awareness campaigns,
encouraging supply chain partners to enhance their environmental, social
protection for chemicals and dangerous goods meets standards, with no leaks during
transport, no honking within the plant area, and strict control of vehicle speed and
responsibility, and governance awareness, and jointly build a sustainable supply chain
Training ecosystem.
stacking height to avoid environmental pollution and harm to human health
Occupational Health Establish safety and health prevention and control procedures to prevent accidents and
[Case] Business Partner Training and Safety occupational diseases, and implement operational safety protections to safeguard the
occupational health and personal safety of both internal and external employees
In May 2025, Ancai Photovoltaic New Materials
conducted an online training for business partners
Compliance and Prohibit collusion, bid-rigging, corruption, and bribery; strictly prohibit the offering of
centered on the customs AEO certification security
Integrity benefits to the Company’s personnel; and implement a single-window management
standards. The training covered topics such as system for procurement
supply chain compliance, trade security, access
control, and collaborative contract fulfillment, clearly
defining suppliers’ responsibilities and implementation
requirements under the AEO system to ensure that
the entire supply chain passes customs audits and Human Rights and Strictly prohibit child labor, forced labor, and human trafficking; safeguard employees’
continuously maintains its certification status. Labor rights to equal employment, lawful compensation, and freedom of association; and
prohibit discrimination, harassment, and abusive behavior
Training site
Conflict Mineral Manage conflict minerals such as tantalum, tin, tungsten, gold, and cobalt; require
Management suppliers to commit that their products do not contain mineral components that finance
armed groups in conflict-affected regions; conduct full supply chain country-of-origin
traceability; and submit a mineral data report within three weeks as required, immediately
reporting any identified risks in writing and conducting verification
Equal Treatment The Company always adheres to the principles of fairness, justice, openness, and
inclusiveness in its cooperation. It treats all small and medium-sized enterprises equally
of Small and in the entire process of business cooperation, procurement bidding, and resource
Medium-Sized integration. The Company continuously optimizes the cooperation access mechanism
Enterprises to ensure that small and medium-sized cooperation entities have equal opportunities
and a fair competitive environment, focusing on building a mutually beneficial,
collaborative, and sustainable business ecosystem.
Strategy The Company systematically reviews and deeply analyzes the entire R&D innovation process, fully
identifying potential risks at each stage of R&D while precisely capturing potential opportunities
in technology iteration and market application. Based on a comprehensive evaluation of risks and
opportunities, the Company formulates targeted strategies to ensure the orderly advancement
and effective implementation of R&D innovation work.
Innovation-Driven Development
Risk
Description of Financial Impact Magnitude Likelihood of Response
Category Impact
Risk/Opportunity Duration of Impact Occurrence Measures
· Staying aligned with
Ancai Hi-tech focuses on technological innovation as the core driving The industry is cha- industry technological
Market racterized by rapid
force, increasing research and development (R&D) investment in core T h e p ro d u c t 's Large Medium trends and collaborating
Medium
competition technological iterations, pricing power has and long-
with upstream and
fields such as photovoltaic new materials. The Company builds a multi- a n d t h e C o m p a ny 's downstream en-
R&D projects ha-ve not declined, resulting term
level innovation system, consolidates its core advantages through risks in a slowdown in terprises and research
achieved technological institutions for
breakthroughs as both revenue and
technological breakthroughs and results transformation, and empowers profit growth coordinated R&D
planned, with product
the Company’s high-quality development and industry upgrading. performance falling · Establishing a
short of industry-leading dynamic tracking and
standards. adjustment mechanism
for the entire R&D
project process
Governance
The Company has established regulations such as the Management System of R&D Project Funding and the Research and The competition for top- · Improving the diversified
Development Management Measures, which define technological innovation activities such as independent, commissioned Talent Delays in R&D
tier R&D talent in the projects result in incentive and tiered
and joint research and development, as well as technological transformation. These systems classify scientific research project industry is intense. If Mid-term Large Medium training system for R&D
types and project approval levels, and standardize the preparation, review, approval, and adjustment processes for annual R&D turnover additional costs,
the Company is unable while the loss of personnel
plans. Projects are managed under a project leader responsibility system, specifying management requirements for project risk to retain core technical technology we- · Establishing a core
initiation, implementation, and progress reporting. Upon project completion, acceptance inspections and achievements appraisal personnel, it will hinder the akens long-term technology confidentiality
must be conducted in accordance with regulations. Additionally, the Company has set up R&D assessment and achievement progress of R&D projects, competitiveness. and control mechanism
commercialization incentive mechanisms, which are centrally managed and interpreted by the R&D and technical departments, l e a d t o t h e l e a ka g e o f
core technologies, and · Expanding the exclusive
thereby promoting the standardized and scientific implementation of R&D work and enhancing the Company's technological career advancement
impact the stability of the
innovation capabilities and core competitiveness. C o m p a ny 's i n n ova t i o n channels for R&D talent
The Company deepens its management of technological innovation projects, classifying them into three categories based on system.
project importance and innovativeness:
Opportunities
Category A Category B Category C
Description of Financial Impact Magnitude Likelihood of Response
Category Impact
Focus on original, integrated, and Conduct independent innovation Improvement-oriented innovation Risk/Opportunity Duration of Impact Occurrence Measures
secondary innovation, involving high based on introduction, digestion, projects with internal promotion The national and local
technical implementation difficulty and absorption, with the overall value, possessing a certain degree governments continue
and encompassing multi-dimensional technical level meeting domestic of innovation and technical difficulty, to introduce supportive
innovation content, with the overall advanced standards. w i t h t h e ove ra l l t e c h n i c a l l eve l policies such as additional
reaching company-leading status. Policy Ef fe cti ve ly re - Medium High High · Precisely aligning with
t e c h n i c a l l eve l re a c h i n g p a r t i a l
international leadership. opportunities d e d u c t i o n s f o r R & D ducing the and long- the policy requirements
expenses, tax incentives Company's term for technological in-
for high-tech enterprises, R&D costs and novation at all levels·
and technology-specific enhancing the Standardizing the full
During the reporting period, Ancai Photovoltaic New Materials, Jiaozuo Ancai, Xuchang Ancai, Ancai Solar Thermal subsidies, with a focus return on R&D process management of
Technology, and Puyang Xinhe were awarded the Hi-tech Enterprise Certificate. Jiaozuo Ancai also obtained the Sci- on encouraging te- investment R&D projects and cost
tech SME Certification, while Xuchang Ancai, Ancai Photovoltaic New Materials, Jiaozuo Ancai, and Ancai Solar Thermal chnological innovation in aggregation
the fields of photovoltaic · Actively applying for
Technology obtained the Henan Province Specialized and Sophisticated SME Certification. new materials and special science and
high-end equipment technology projects and
manufacturing. policy support funds
Photovoltaic The global photovoltaic N e w p ro d u c t s Medium Large High · ncreasing R&D in-
Technology i n d u s t r y i s r a p i d l y bring higher pro- and long- vestment in core low-
Opportunities d e v e l o p i n g t o w a r d s duct premiums term carbon and efficient
higher efficiency, lower and market technologies
carbon, and lightweight share, driving · Ac c e l e ra t i n g t h e
solutions. The Company revenue and mass production and
l eve ra g e s i t s ex i s t i n g profit growth. market validation of new
R & D s y s t e m t o fo c u s products
on core technological
breakthroughs, enabling · Promoting the patent
Ancai Photovoltaic New Materials Hi-tech ra p i d c a p t u re o f n e w portfolio for core
Xuchang Ancai Hi-tech Enterprise Certificate technologies
Enterprise Certificate market share.
Impact, Risk, The Company implements systematic, full-cycle dynamic management of R&D risks.
Through precise identification, scientific analysis, standardized assessment, and effective
Metrics Unit 2025
and Opportunity control, it comprehensively prevents potential risks at all stages of R&D projects, ensuring Cumulative Number of Authorized Utility Model Item 174
Management the steady achievement of R&D objectives and project outcomes. Patents
Cumulative Number of Software Copyrights Item 2
Risk Identification Number of Software Copyrights per Million Yuan
The Company comprehensively assesses internal and external factors, such as technology, market, policy, and Items / RMB 1 million 0.00069
in Revenue
processes, throughout the entire lifecycle of R&D projects, identifying potential risks in project approval, implementation,
and result transformation. Total Number of Trademarks Item 38
Total Number of Published Papers Item 280
Specialized and Sophisticated Enterprise that
Unit 4
Produces Novel and Unique Products
Risk Assessment
National High-Tech Enterprise Unit 5
The Company conducts qualitative and quantitative analysis of identified risks, determines the risk impact severity,
probability of occurrence, and priority level based on its actual circumstances, and identifies key risk factors.
National Enterprise Technology Center Unit 1
Innovation The Company has established the Performance Evaluation and Reward System for
Incentive
Technical R&D Personnel, the Post-based Innovation Reward Measures, and the Employee
Risk Response
Recognition and Reward Management Measures, creating a diversified incentive system
Based on risk assessment conclusions, control measures and response plans tailored to R&D projects are formulated
to reduce the likelihood of risks and minimize potential losses. Mechanism covering the entire R&D cycle, post-based innovation practices, and company-wide
recognition and rewards. By means of quantitative assessments and tiered rewards,
the system fully stimulates R&D innovation and post-based improvement, encouraging
employees to actively create value and strive for excellence, providing strong support for
the Company’s technological innovation and high-quality development.
Risk Monitoring
Through regular project reviews and control at critical milestones, the Company tracks the effectiveness of risk Incentive Applicable
Core Incentives Evaluation and Management
mitigation measures and dynamically optimizes the response plans to ensure steady project progress. Types Objects
R&D projects are classified by the level of Annual assessment, with
Xuchang Ancai adheres to a specialized and sophisticated development path and has set Technical bonuses distributed in stages
Special R&D R&D innovation. Bonuses are disbursed proportionally
medium- and long-term innovation goals centered on six major directions: efficient energy Incentives according to the R&D stage, with results linked after R&D completion, pilot
Personnel trials, and product launch.
products, smart manufacturing, new materials and process innovation, environmental to salary.
Metrics and protection and low-carbon development, international expansion, and open innovation.
They cover innovation improvements across
Targets Xuchang Ancai will increase its R&D investment in efficient photovoltaic products, promote
the digitalization of production and the upgrade of smart manufacturing, continuously
Post-based
Innovation
All employees of sales, production, costs, management, and
efficiency. An anonymous scoring system is used
Annual centralized
the Company. selection; projects can be
optimize new materials and production processes, and strengthen practices in resource Incentives across six major dimensions. submitted at any time.
conservation, carbon reduction, and the circular economy. Meanwhile, it will extend its
operations upstream with projects in silicon-based materials and sodium antimony oxide, Employee The selection of advanced producers, advanced Annual selection, with
Outstanding
stabilizing raw material supply, improving the industry chain ecosystem, and collaborating teams, and advanced units follows the principles advanced units/teams/
Recognition and Individuals/
of openness, fairness, and impartiality. The individuals being evaluated
with leading downstream companies and regional photovoltaic industries to consolidate its Incentives Teams/Units
selection ratio and criteria are strictly set. based on a fixed ratio.
industry-leading position and achieve high-quality sustainable growth.
Metrics Unit 2025 The Company adheres to an open, collaborative, and mutually beneficial industry-
Industry- university-research cooperation concept. It actively engages with governments, industry
Investment in R&D RMB 10,000 9,250.47
Academia- associations, research institutions, and universities to establish an integrated system
for industry-university-research collaboration. This system includes financial support,
Percentage of R&D Investment in Operating
Income % 3.17 Research technological breakthroughs, information sharing, and talent development, using
Total R&D Team Members Person 346
Collaboration collaborative innovation to drive technological iteration and sustainable development in
the industry. During the reporting period, the Company collaborated with universities such
Proportion of R&D Personnel in the Total as Zhengzhou University, Anyang Normal University, Henan University of Technology, and
Number of Employees % 16.93 Henan University of Engineering.
Cumulative Number of Authorized Patents Item
(Number of Valid Patents) 200 [Case] Henan University of Engineering
Number of Valid Patents per Million Revenue Items / RMB 1 million 0.069 Xuchang Ancai and Henan University of Engineering have reached a comprehensive strategic partnership. Focusing on fields such as
Number of Patent Applications Filed new energy and high-end manufacturing, the two parties are carrying out in-depth collaboration in areas including joint talent cultivation,
Item 33 collaborative R&D and technological breakthroughs, achievement commercialization, employment and internships, joint platform
Cumulative Number of Authorized Invention development, and resource sharing, thereby building a university-enterprise collaborative development platform that supports industrial
Item 26
Patents upgrading and the Company's high-quality development.
[Case] Anyang Normal University [Case] Key Technological Breakthrough in Crystal Clear Glass
Ancai Photovoltaic New Materials and the School of Physics and Electrical Engineering at Anyang Normal University To address the core challenge of color consistency in high-
jointly established the Distributed Smart Energy Engineering Research Center, focusing on technology R&D and end solar thermal and construction markets, Ancai Solar
the industrialization and commercialization of achievements in the field of distributed smart energy. The university Thermal Technology's R&D team optimized the ultra-white
provides technical guidance, talent training, and project application support, while the Company offers research float material source and innovated the melting furnace
topics, testing facilities, and equipment. Both parties share resources and collaborate on innovation to create an process parameters. This breakthrough successfully
advanced technological research base in China. overcame technological barriers in high-end applications,
enabling large-scale, stable production and establishing
initial sales volume. It completely resolved the bottleneck
limiting the entry of products into high-end markets. With
outstanding color accuracy and stability, the product
R&D
The Company relies on a robust technological innovation management system and
professional R&D platforms to focus on key technological breakthroughs in core production has gained higher customer satisfaction and market
competitiveness, laying a solid foundation for expanding
Platforms and
processes. During the reporting period, the Company successfully developed several
specialized production units, filed multiple utility model patent applications, and passed into high-end application fields.
Achievements
phased or mid-term acceptance inspections for relevant projects, effectively improving
production efficiency, product yield rates, and equipment operational safety, thereby In addition, the Company places great emphasis on industry technical standards and actively participates in various standard-
providing solid technical support for the Company's high-quality business development.
setting activities. The Company and Ancai Solar Thermal Technology participated in the development of two industry standards,
including one national standard: GB/T44753-2024 "Test method for liquidus temperature of ultra-thin glass," and one group
standard: T/CIEP0272—2025 "Technical specification for hydrogen production in wind and green storage coupled electrolytic
[Case] Project to Improve the Production Efficiency of 2.0mm Photovoltaic
cell."
Glass Sheets
Protection of
Addressing the market demand for 2.0mm photovoltaic glass, Ancai Photovoltaic New Materials successfully The Company has established the Knowledge Management Regulations and the
developed a device for preventing capping on lip bricks and an oil film cleaning device for calender roller heads, Confidentiality Management System, creating a coordinated management system
effectively avoiding calender roller damage and reducing oil film contamination. Currently, two utility model patent Intellectual for knowledge management and intellectual property protection. The Knowledge
Management Regulations clarify the processes for collecting, organizing, archiving,
applications have been filed for these innovations, and the project has passed phased and mid-term acceptance
inspections, significantly improving production efficiency and product yield rates. Property Rights and sharing various types of knowledge, such as technical, process, and management
knowledge, and encourage intellectual property filings while regulating patent
management. The Confidentiality Management System includes core elements such as
technical information, intellectual property, and production processes in the confidentiality
[Case] Project to Improve the Production Efficiency of Wide-format
scope, defines security levels, outlines confidentiality responsibilities, and establishes
Photovoltaic Glass Sheets
protective measures to strengthen the confidentiality control of core technologies and
Ancai Photovoltaic New Materials developed a device for the overflow outlet blocking materials in the glass furnace
intellectual property throughout the entire process, effectively safeguarding the Company's
channel, solving issues such as cracks and slag shedding. The device can quickly adjust the width of the glass
technological achievements and core commercial interests.
sheets and has a thermal insulation effect. Currently, a utility model patent application has been filed for this device,
and the project has passed phased acceptance inspection, effectively improving the production efficiency of wide-
[Case] Patent Mining and Drafting Training
format glass sheets and equipment safety.
On November 13, 2025, the Company conducted a training
session on patent mining and drafting, focusing on patent
[Case] Breakthrough in Key Technologies for High-transmittance, High- drafting specifications, techniques for identifying points
strength Solar Thermal Glass of innovation, and the planning of intellectual property
projects and honor applications. In-depth explanations
In March 2025, the “Research and Application of Key Technologies for High-transmittance and High-strength
were delivered through practical case studies, effectively
Solar Thermal Glass” declared by Ancai Solar Thermal Technology was successfully selected as a key R&D project
enhancing the patent protection awareness and practical
in Henan Province. Focusing on the critical performance bottleneck in achieving both high transmittance and
capabilities of participating employees and laying a
high strength for solar thermal glass, Ancai Solar Thermal Technology achieved comprehensive breakthroughs
foundation for the standardized advancement of the
in production efficiency, quality, and cost through a series of measures, including breakthroughs in combustion
Company's intellectual property work.
promoters and composite slag clearing. After the technological upgrade, the material replacement cycle for solar Training site
thermal glass was significantly shortened, with output increasing by 7.6%. The direct solar transmittance of 3mm
solar thermal glass exceeded 91%, achieving a dual leap in production efficiency and product performance, setting
a new industry-leading standard in comprehensive quality.
Product and Service
Safety and Quality
Ancai Hi-tech firmly believes that the quality of products begins with the caliber
of people. Only by taking people-oriented reform as the cornerstone and Ancai Solar Thermal Technology ISO 9001 Quality Xuchang Ancai ISO 9001 Quality
enhancing the competence of all employees can the Company fundamentally Management System Certification Management System Certification
guarantee product and service quality. By integrating human progress into the
management system, the Company continues to develop safe and reliable
products and provides high-quality services, returning the trust of customers
and society with tangible results. During the Reporting Period, the Company did
not experience any major safety or quality-related liability incidents involving its
products or services.
Strategy The Company continuously identifies risks and opportunities related to product and service
safety, adjusting response strategies in a timely manner based on changes in regulations,
Governance
The Company upholds the principle of building its foundation on products and securing customer
market dynamics, and technological trends.
trust through service. It designates the Operations Management Department as the integrated
management body overseeing market and production functions, with full responsibility for Risk
customer and quality supervision. At the same time, it promotes the establishment of quality Description of Impact Magnitude Likelihood of Response
Category Risk/Opportunity Financial Impact Duration
management organizations and quality teams in various business units and subsidiaries to fulfill of Impact Occurrence Measures
quality management responsibilities at the operational level. To continuously unlock product quality · Reviewing and
Quality Product damage dur- Resulting in Short-term Medium Medium analyzing quality
potential, the Company has formulated the Production Benchmarking Management System, compensation incidents
Compensation ing loading, unloading, quality com-
t o - i d e n t i f y t h e ro o t
establishing a production benchmarking mechanism that consistently improves key quality Risk and transportation, pensation and
cause of the issue
indicators such as yield rates by measuring against industry-leading standards, thereby driving leading to a decline in damage to
· Holding monthly quality
product quality reputation meetings to formulate
operational refinement and continuous improvement in production.
improvement measures
Jiaozuo Ancai and Ancai Solar Thermal Technology have both developed the CCC Quality ·Strengthening oversight
of loading, unloading,
Manual, which serves as the guiding document to ensure certified products consistently and transportation
meet national standards, and defines the leadership responsibilities of their respective general processes
managers within the quality management system. I m p u re o r c o n t a m - Increased costs, Medium Low · Enhancing incoming
Product Short-term
inspection and process
Disposal inated raw materials, which may le-
monitoring
During the reporting period, the Company, Jiaozuo Ancai, Ancai Photovoltaic New Materials, Ancai Risk l e a d i n g t o p ro d u c t ad to quality
· Providing regular quality
disposal compensation awareness and operational
Solar Thermal Technology, and Xuchang Ancai have all obtained ISO 9001 Quality Management
skills training for key
System certification. personnel
· I m p rov i n g i n t e r n a l
reporting and reward-
punishment mechanisms,
encouraging employees to
report hidden risks
Improper handling of Revenue de- Short-term Medium Low · Improving the rapid
Customer response mechanism for
Complaint customer complaints, cline, which
customer complaints
Handling leading to customer may lead to
· Promptly addressing
Risk loss or contract dis- compensation customer complaints,
putes negotiating solutions,
Ancai Photovoltaic New Materials preventing escalation,
Ancai Hi-tech ISO 9001 Jiaozuo Ancai ISO 9001 and minimizing the
Quality Management Quality Management ISO 9001 Quality Management Company’s losses
System Certification System Certification System Certification
Opportunities Metrics Unit 2025
Description of Financial Impact Magnitude Likelihood of Response
Category
Risk/Opportunity Impact Duration of Impact Occurrence Measures Number of Product Recalls 10,000 square meters 2.4
Quality I n t ro d u c t i o n o f i n - Cost reduction Mid-term High Medium · Utilizing the industrial Quantity of Products Required to Be Recalled Due to Health or 10,000 square meters
Safety Reasons 0
Stability telligent inspection and quality internet to collect real-
time quality data Product Recall Rate
Opportunity and control systems p re m i u m C o s t % 0.0075
· Promoting the es-
to improve product reduction and
tablishment of a quality
consistency and yield quality premium big data analysis pl-
Number of Participants in Quality Person-times
Training 154
rates atform
Total Hours of Quality Training
Quality Training Hours 1,189
· Continuing to optimize
Product O p t i m i z a t i o n o f fo - Achieving price Long-term Medium Medium product processes Number of Quality Training Sessions
Reliability rmulations and premiums Times 15
· Enhancing technical
Upgrade processes to enhance and increased communication
Opportunity key performance profits w i th c u s to m e r s and Number of Customer Complaints Times 18
indicators such as optimizing product
performance for special
Number of Customer Complaints
product strength and Resolved Cases 18
application scenarios
weather resistance
Number of Customers Participating in Person 35
Customer Service the Survey
%
Impact, Customer Satisfaction 96.86
Risk, and
Number of Customer Complaint Times
To effectively manage risks related to product and service safety and quality, the Company Response Assessments 5
Opportunity integrates risk management requirements into daily management processes.
Pass Rate of Customer Complaint
Response Assessments
% 100
Management Remarks: The statistical scope of product quality data covers Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, and Jiaozuo Ancai, and that of
customer service data covers Ancai Photovoltaic New Materials, Ancai Solar Thermal Technology, Xuchang Ancai, Jiaozuo Ancai, and Ancai Energy.
Risk Identification
Through internal and external information collection and data analysis, the Company conducts a thorough inspection
of potential quality risks across all stages, including product design, supply chain procurement, production
manufacturing, and services. Product Quality Control Automatic Testing Instruments of Ancai Solar
To ensure product quality, the Company, led by the Operations Thermal Technology
Management Department with each subsidiary as the operational entity,
implements full-chain quality supervision. At the front end of the supply
Risk Assessment chain, the Operations Management Department establishes a qualified
Risks are assessed based on frequency and impact, and the priority for handling is clearly defined. supplier information database to ensure the quality of materials from the
source. Based on this, each subsidiary closely monitors quality during the
production process and promotes advanced quality tools such as QC and
Automated Stacking Equipment of Ancai Solar
SPC. Finally, stringent controls are applied to output results, with internal
Thermal Technology
product quality supervision strengthened to form a complete closed
management loop from source to finished product.
Risk Management
For each identified risk, corresponding response strategies are developed, covering prevention and control, process The Company actively responds to Henan Province's digital
intervention, and continuous improvement. transformation strategy, driving the digital transformation of
manufacturing and product quality management to continuously
improve product quality.
As a "Smart Factory" designated by Henan Province, Xuchang Ancai—supported by an industrial internet platform and new-generation
The Company remains guided by objectives and continuously drives improvements information technology, and anchored in the factory's automated production line business processes—has built a "one-stop data analytics
Metrics and in product quality and service levels. Xuchang Ancai has established the Metrics and management dashboard" through the comprehensive integration of information systems and the digital upgrade of production equipment. This
enables data to flow seamlessly from top to bottom, establishing a digital production management system.
Targets Targets Management System to guide the formulation, decomposition, implementation,
and assessment of metrics and targets, ensuring the achievement of quality and service Digital Quality Management Initiatives
objectives. Real-time Monitoring and Early Automation Equipment Assurance
AI-powered Visual Inspection Warning of Quality Indicators
Metrics Unit 2025 Through a collaborative manufacturing
Build an artificial intelligence edge management application, monitor quality Focus on labor-intensive processes
computing environment to realize AI indicators in the production process in and build various automated systems
Product Percent of Pass % 98.47 visual recognition at quality inspection to enhance the degree of automation
real time, with alerts and responses for
stations. abnormal conditions. Leveraging data on production lines, achieving full-
Number of Internal Quality Audits Annually Times analytics and traceability functions, achieve process and full-factor data collection
full product quality traceability, enabling for the entire factory.
timely identification and resolution of quality
Number of Third-Party Inspections Conducted Times 3 issues.
Product To extend high-quality products to a broader market, the Company remains focused on
product coverage and accessibility. Through enhanced transport supervision, strict quality Quality Culture The Company advances quality culture through diverse approaches, such as the Quality
Month campaign series, to solidify the foundation of product quality.
Accessibility control, improved delivery capabilities, and cost optimization, the Company ensures the
safe and reliable delivery of products to more customers, contributing to the widespread Development
application of products.
[Case] Quality Month Series Activities at Xuchang Ancai
Product The Company places great emphasis on defective product management, actively
eliminating safety hazards through proactive recall mechanisms to safeguard the safety
In September 2025, Xuchang Ancai launched a series of
Recall of customers' lives and property. Ancai Photovoltaic New Materials has established and
implemented the Product Recall Management Measures, creating a complete recall
“Quality Month”activities with the theme of“Strengthening
Comprehensive Quality Management, Boosting China’s
process for photovoltaic glass products both domestically and abroad, ensuring the timely
Strength in Quality.” By setting up thematic exhibition
Product Recall Procedures recall of defective photovoltaic glass products.
boards, posting slogans, and sharing case studies, the
Company created a strong atmosphere emphasizing
Defect Information Collection and Reporting the importance of quality among all employees. Various
Information is collected through multiple channels, including customer complaints, after-sales service, internal workshops organized quality awareness and inspection
inspections, and market monitoring. skills training, covering work instructions, user case
studies, and practical defect measurement.
Quality Month Series Activities
Defect Investigation and Risk Assessment
The Quality and Technology Department leads the investigation and analysis of suspected defects and conducts risk
assessments to determine the risk level. Differentiated response requirements are defined for each risk level.
Customer Service The Company always adheres to a customer-centric approach and values customer
service management. Ancai Solar Thermal Technology has developed the User Service
Guarantee Management Regulations, improving the collection of user quality information and
the complaint handling process. The Marketing Department is responsible for daily
user quality services, receiving and passing on user quality information. The Quality
Assurance Department classifies and processes this information, handling complaints,
Recall Decision establishing cases, verification, closure, and assessments, and dispatching service
A temporary recall management committee is formed to review and decide whether to implement a recall. Once a personnel. Production departments implement corrective and preventive actions based
decision is made, the emergency procedure is immediately initiated. A recall task force is formed, and the Product on feedback and, when necessary, visit the user's site to handle issues.
Recall Plan is completed within 24 hours.
[Case] Job-Specific Skills Training for Employees of Ancai Solar Thermal Technology
Product recycling In 2025, Ancai Solar Thermal Technology organized job-
The Sales Department, Customer Service, and Storage and Transportation Workshop receive the returned products specific skills training for employees in the Marketing
and fill out the Recall Product Receipt/Processing Record Form. Customers are provided with replacement, repair, or Department, covering customer communication, sales
refund services, ensuring that the new products meet quality standards. techniques, and after-sales services. This expanded
sales thinking and enhanced customer service skills.
Product Disposal
The recalled products are isolated, labeled, and disposed of in compliance with regulations to prevent them from re- Skill Training
entering the market.
Effect Evaluation
After the recall is completed, the recall task force evaluates the effectiveness of the recall, compiles a summary report,
and implements corrective and preventive actions.
Customer Data
The voice of the customer is a critical guide for the Company to improve products and To strengthen security risk management, the Company has established specialized
services. The Company actively collects customer feedback to optimize management and emergency response mechanisms for incidents such as data breaches, system attacks,
Satisfaction Security Risk
enhance product and service quality. Ancai Solar Thermal Technology has established the and network failures based on the Data Security Emergency Response Plan and the
Customer Satisfaction Measurement Procedure, creating a customer satisfaction evaluation Cybersecurity and Information Security Incident Emergency Response Plan. These
Management
mechanism. Customer satisfaction regarding marketing services, product quality, and other mechanisms clearly define the organization and responsibilities for emergency response
aspects is collected, and feedback is used to continually optimize the customer experience. and refine the cybersecurity and data security emergency response system.
Data Security Incident Emergency Response
[Key Performance]
Data Security Incident Emergency Response Leading
Group Emergency Response Security Technical Group
In 2025, Ancai Solar Thermal Technology conducted a satisfaction survey on float glass products with 8 typical
The head of information security serves as the leader, Composed of technical personnel from the Information
customers, distributing 8 100%
customer satisfaction evaluation surveys with a response rate. The overall
fully responsible for the overall coordination, command, Security Department, this group is responsible for
satisfaction score was 93.19 points. and leadership of the emergency response. The group
supervises the effective execution of emergency
the daily management of business system disaster
recovery, system backup, and restoration, as well as
management processes, makes overall decisions on loss control and damage assessment during data
emergency handling, and is responsible for reporting security incidents.
data security incidents.
Cybersecurity and Information Security Incident Emergency Response
Responsible Responsible marketing is the basic principle for the Company to practice honest business
and earn market and social trust. The Company is committed to creating a fair, transparent, Cybersecurity and Information Security Leading
Network Inspection Group Leader
Marketing and healthy market environment while delivering product value. Xuchang Ancai has
developed the Publicity and Reporting Management Measures, clarifying the principles
Group
This group serves as the organizational coordination Assumed by the head of the Information Management
of "objectivity, rigor, accuracy, and practicality" in publicity. The General Administration body for the Company's cybersecurity and information D e p a r t m e n t , t h i s ro l e i s re s p o n s i b l e fo r t h e
Department centrally manages all types of publicity activities, establishing a pre-review security emergency response. It is headed by a senior management of the Cybersecurity and Information
mechanism and a reward-punishment system to prevent the spread of false information, leader and includes leaders from various departments. Security Incident Emergency Response Plan and for
ensuring that all publicity is truthful and compliant. The group is responsible for the overall planning, inspecting the plan's implementation.
organization, coordination, and decision-making of
emergency response efforts.
[Case] Utility Power Failure Emergency Drill
On April 26, 2025, the Company organized a utility
power failure emergency drill, simulating a sudden utility
power outage scenario. The drill focused on testing
the UPS (Uninterruptible Power Supply) power supply
assurance capability of the server room and further
Data Security and Customer enhancing emergency response efficiency.
Privacy Protection Utility Power Failure Emergency Drill
Ancai Hi-Tech safeguards data security and user privacy with stringent
standards. By continuously enhancing its data security and customer Meanwhile, the Company actively promoted cybersecurity self-inspections. By conducting penetration tests, vulnerability
privacy protection management system, the Company steadily scanning, and assessments, it continuously optimized relevant policies and management measures.
strengthens its digital security defenses and diligently fulfills its social
responsibility in data governance. During the reporting period, the
Company did not experience any data security breaches or customer [Case] Security Self-Inspection of
[Case] System Security Assessment
privacy leaks. Xuchang Ancai
In August 2025, the Company conducted vulnerability
Data Security To enhance network and information system security, the Company has developed the
Electronic Data Security Management Regulations and the Cybersecurity Management
scanning on 32 mainframe computers and devices. During the reporting period, Xuchang Ancai
conducted a self-inspection of its cybersecurity
The scanning involved risk classification, risk
Management Regulations, clearly defining the Information Management Department as the department
responsible for cybersecurity management and electronic data security management.
distribution, and weak password listings, identifying infrastructure. Based on the self-inspection results,
it plans to improve its work on information systems,
At the same time, a cybersecurity management and data security management leading security technical protections, emergency work
This scan provided clear data support for security
group, chaired by the Chairman of the Board, has also been established, with an executive mechanisms, and employee education and training.
fortification and vulnerability remediation, further
office set up beneath it to coordinate the implementation of cybersecurity and data
solidifying the Company's system security defenses.
security measures.
Data Security The Company has developed the Data Backup and Classified and Tiered Management
Regulations, implementing a tiered data classification management system and Customer PrivacyThe Company places great emphasis on protecting customer privacy and safeguarding
customer data. Ancai Solar Thermal Technology has formulated the Confidentiality
conducting irregular backups for critical data. Each unit assigns a dedicated person to
Practices manage daily computer operations and backup important data within their department Protection Management System, designating customer information as confidential and specifying the
responsibilities and control measures for confidentiality work.
to ensure that, in the event of a system failure, system recovery can be performed as
quickly as possible, thus ensuring business continuity through data backup.
Data is managed Management Adhering to the management principle of "accountability rests with the person who
General Data handles the confidential information," the head of each department serves as the
through a tiered Responsibilities
person responsible for confidentiality within the respective department.
Includes personal or departmental information, office documents, email data, etc.
classification system
Confidential documents, materials, and media must be stored in filing cabinets
equipped with security facilities. It is strictly prohibited to transmit confidential
Confidentiality
information through social media or messaging software. Personnel handling
Important Data Measures
confidential matters must undergo handover procedures upon leaving their
positions and comply with the mandatory decryption period management.
Includes archival data, monitoring data, server data, etc.
Individuals who effectively prevent leaks will be recognized, while those who
violate the regulations will be given warnings, have wages deducted, have their
In accordance with the Log Audit Management System, the Company conducts audits of security-related incidents, recording Accountability labor contracts terminated, or be referred to judicial authorities based on the
necessary information through logs and taking corresponding actions, thereby establishing an effective security audit severity of the violation.
mechanism. At the same time, the Company regulates the daily behavior of server room staff in line with the Data Center
Management System, to ensure the normal operation of the Company’s computer systems.
Log Audit Log Collection
The content of log collection should include security-related events such as
Management significant user activities, abnormal use of system resources, and execution of
critical system commands.
Log Analysis and Reporting
Network and system administrators review and analyze logs daily. If abnormalities
are detected, the system should be inspected to confirm whether there has been
an intrusion, and appropriate reports should be made.
Log Security Protection
Ensure that only security and audit administrators have the authority to view and
operate the logs.
The Company considers employees as the core element of data security protection and implements data security responsibilities
for all employees through cybersecurity and data security training and cultural development.
[Case] Cybersecurity Training
On September 28, 2025, the Company organized
c y b e r s e c u r i t y t ra i n i n g . T h ro u g h c a s e a n a l y s i s ,
interactive drills, and other methods, the training
enhanced employees' ability to identify and prevent
common risks such as phishing emails and social
engineering. The training reinforced the culture that
“cybersecurity is everyone’s responsibility,” driving the
internalization of security protocols as an integral part
of job responsibilities.
Training site
Protection of Employees’ Rights
Better Life and Interests
Employee Training and
Development
Occupational Health and Safety
Social Contribution
Employee Turnover
Metrics Unit 2025
Protection of Employees’ Number of Employees Departed Person 20
Rights and Interests
Employee Turnover Rate Person 0.98
Female Person 5
Number of Departures
by Gender
Male Person 15
Ancai Hi-tech firmly believes that employees are the most valuable asset of the
Company, and is committed to building standardized, equal, and harmonious Under 30 (exclusive) Person 1
labor relations. The Company strictly follows laws and regulations such as
Between 30 (inclusive) and 40 (exclusive) Person 5
the Labor Law and the Labor Contract Law, ensuring the full protection of Number of Departures
employees' legal rights through a comprehensive system and humanized by Age Between 40 (inclusive) and 50 (exclusive) Person 8
management measures, creating a respectful, inclusive, and safe working
environment, and laying a solid talent foundation for the Company's sustainable 50 and Above Person 6
development.
Employee The Company consistently adheres to the core principles of openness, transparency, equal
competition, and merit-based selection in its employee recruitment management. It has
Equality and The Company is dedicated to fostering a diverse, equal, and inclusive workplace. We
respect the uniqueness of each employee, appreciate the differences between individuals,
Recruitment formulated and implemented institutional systems, including the Recruitment Management
Measures (Trial), standardizing the full management process—from recruitment and
Diversity and believe that diverse perspectives and backgrounds are the driving forces behind
organizational innovation and development. We firmly oppose any form of discrimination
Management hiring, labor contract conclusion, to internal position deployment—through standardized
procedures. These policies clearly define compliance requirements and operational
and prejudice, and provide equal development opportunities and comprehensive welfare
guidelines for recruitment at the institutional level, ensuring that all candidates enjoy equal protection for groups such as veterans and people with disabilities, ensuring that they
Employee Composition competitive opportunities throughout the recruitment process. receive full respect and care in terms of work adaptability, labor protection, and all welfare
benefits.
Metrics Unit 2025
Total Number of Employees Person 2,044
Number of Employees of Minority Nationalities Person 19 Child Labor and We strictly comply with national laws, regulations, and international conventions, and
resolutely eliminate any form of child labor and forced labor. The Company has established
Number of Employees with Disabilities Person 29 Forced Labor a sound employment review mechanism to ensure the legality and voluntariness of the
entire recruitment and employment process, fully protecting the basic rights and personal
Number of Veteran Employees Person 242 Management dignity of every worker.
Proportion of Ethnic Minority Employees % 0.93
Number of Employees by Female Person 218
Gender Male Person 1,826 Protection The Company values the protection and development of female employees' rights,
establishing a comprehensive protection system, and provides special welfare, such
Production Person 1,505 of Female as female employees’ hygiene allowances, according to the Allowances, Subsidies,
and Welfare Management Measures. The Company regularly arranges specialized
Technology Person 285 Employees’ Rights gynecological health examinations for female employees, taking concrete steps to care for
their physical and mental well-being. Furthermore, the Company’s labor union organized
Number of Employees Sales Person 36 and Interests a diverse range of engaging activities such as the International Women's Day Fun Sports
by Function
Finance Person 38 Meet, not only enriching the leisure lives of female employees but also strengthening their
sense of belonging and team cohesion.
Administration Person 180
[Case] International Women's Day Fun Sports Meet Performance The Company has formulated the Performance Management System (Trial) and established
a scientific and complete performance appraisal and appeal mechanism, with a performance-
oriented approach, balancing both process and results, focusing on the joint development of
Appraisal and employees and the Company, and providing governance support for sustainable development.
By establishing a performance appraisal leadership group and defining the responsibilities of
On March 7, 2025, the Company's labor union hosted the “Blossoming in the Spring Breeze” Fun Sports Meet to
celebrate International Women's Day for female employees. The event featured a variety of fun team games and Appeals each department, the Company ensures that the appraisal process is standardized, fair, and
transparent. The appraisal criteria cover both departmental and individual levels, combining
sports activities. It not only allowed female employees to unwind, relax, and strengthen friendships amid their busy qualitative and quantitative methods to achieve a scientifically tiered and classified assessment.
work schedules but also showcased a spirit of unity and forward momentum, injecting warmth and vitality into the In addition, the Company has established an effective performance appeal channel. If the
Company's culture building. assessed party has objections to the results, they can file a complaint within the specified
time limit. Relevant departments will investigate and verify the issue within a week and provide
feedback, ensuring the protection of employees' legal rights and reflecting the people-centered
management philosophy.
Employee During the reporting period, the Company conducted diversified employee care and skill
empowerment activities focused on employees' physical and mental health and career
Activities development, continually enhancing team cohesion and fostering employees' sense of belonging,
thereby injecting intrinsic momentum for the Company's sustainable development.
[Case] Employee Badminton Tournament
In April 2025, the Company successfully held an employee badminton tournament titled "Shuttlecock & Synergy",
with over 50 participants from various departments and subsidiaries. The event aimed to create a cross-
Activity Photos departmental communication platform through sports, promote employees' physical and mental health, and foster a
positive corporate culture.
Remuneration The Company has established a standardized compensation management system
centered on the Compensation Management System. Compensation design considers
and Benefits both external competitiveness and internal differentiation principles, aiming to attract,
motivate, and retain core talent. The Company’s compensation structure mainly consists
Management of fixed salary, performance-based salary, and various allowances and subsidies.
The performance-based salary is closely tied to the Company's overall performance,
departmental evaluation results, and individual performance assessment.
The Company has established a comprehensive, multi-dimensional welfare protection
system that covers statutory benefits, allowances, humanistic care, and career
development, effectively enhancing employees' sense of belonging and happiness, and
consolidating the collective strength for the Company’s sustainable development.
[Case] Teacher's Day "Mentor-Mentee" [Case] "Beat the Heat" Employee
Benefits Cultural Promotion Activity Care Campaign
Special or additional labor consumption allowances, technical allowances, In September 2025, in celebration of Teacher's Day, the In the summer of 2025, Ancai Solar Thermal
Subsidized Benefits meal allowances, seniority allowances, educational allowances, transportation Company launched a "Mentor-Mentee Pairing" cultural Te c h n o l o g y o r g a n i z e d t h e " B e a t t h e H e a t "
subsidies, housing allowances, communication subsidies, heating subsidies, promotion activity with the theme "Craftsmanship employee care campaign, distributing green tea
talent subsidies, overseas work subsidies, etc. Inheritance." By sharing cross-position and cross- and other cooling supplies to front-line employees.
generational stories of mentoring and guidance, the This initiative aimed to safeguard the health of
Public holidays, paid annual leave, sick leave, personal leave, work-related injury campaign highlighted the Company’s talent cultivation employees working in high temperatures, conveying
Leave Benefits leave, marriage leave, paternity leave, maternity leave, only-child nursing leave, philosophy of respecting teachers, valuing education, the Company’s humanistic care, and further
bereavement leave, etc. and passing the torch—injecting lasting momentum strengthening team cohesion and employees' sense
into skills inheritance and youth development. of belonging.
Statutory Benefits Five insurances and one housing fund, supplementary medical insurance, etc.
Labor Union Benefits Employee activities, collective employee welfare, etc.
Regular health checkups, employee canteens/meals, employee dormitories,
Healthy Living female employee hygiene expenses, only-child allowances, provision of work
uniforms, helmets, safety shoes, and other labor protection supplies
Employee training, job rotation and exchanges, performance incentives, rational
Development Benefits suggestion rewards, etc.
Employee The Company has established a robust and targeted employee support mechanism.
Through a combination of initiatives—including the "Autumn Education Support" program, Democratic The Company places great emphasis on democratic management, having established the Employee
Representative Congress System and the Factory (Company) Affairs Transparency System. These
systems form the foundation of the democratic management structure, supplemented by factory
Support "New Year and Spring Festival Warmth" campaign, medical mutual aid, and hospitalization
care—the Company takes concrete actions to help employees in need overcome Governance affairs transparency and collective bargaining. The Company ensures that at least one employee
difficulties, delivering organizational care where it matters most and effectively enhancing representative conference is held annually, safeguarding employees' right to know, participate,
express, and supervise. At the same time, the Company utilizes various channels, including employee
employees' sense of belonging and well-being.
representative meetings, bulletin boards, and internal websites, to promptly disclose regulations,
[Case] Visits to Employees in Need production operations, employee welfare, and other topics of interest to employees, thereby
enhancing management transparency. The Company's labor union regularly conducts the "My
Idea for Our Growth" employee suggestion solicitation initiative. Through channels such as online
In January 2025, the Company, in collaboration with the higher-level labor union, conducted a series of support
questionnaires, the union keeps a long-term open gateway for suggestions, listens to employees'
activities for employees in difficulty. The Company visited grassroots employees and front-line staff representatives, voices, pools collective wisdom, and drives the Company's high-quality development.
distributing care funds and supplies. This initiative effectively enhanced employees’ sense of belonging and the
Company’s collective strength. Labor Union Committee’s 3rd Membership Representative
Meeting and Staff Representative Meeting
[Case] Care Campaign for Children of Employees in Need
On the eve of International Children's Day in 2025, the Company launched a Children's Day care campaign, bringing Metrics Unit 2025
festive greetings and corporate care to the children of seven employees in need. By building a support system
that combines material assistance with emotional care, the Company extended its warmth to employees' families, Number of Projects Approved by the Employee Congress Item 2
tangibly enhancing employees' sense of belonging and well-being.
Number of Trade Union Members Person 2,012
Employee During the reporting period, the Company conducted a specialized satisfaction survey
focusing on the employee dining experience, covering key departments such as the
Satisfaction Discipline Inspection and Audit Department and the Operations Management Department.
Employee feedback was systematically collected across five key dimensions, including
service quality, food quality, and environmental hygiene. The survey results indicated that
employees gave positive overall feedback on the dining services, with monthly scores
consistently above 98 points. This demonstrates the Company's high regard for employee
Metrics Unit 2025 living standards and heartfelt care.
Number of Employees in Difficulty Receiving Assistance Person 190
Amount of Assistance for Employees in Difficulty RMB 10,000 34.9
Training The Company adopts diverse training measures, combining online and offline methods,
covering all employees. Systematic training is conducted for different positions and levels,
Measures comprehensively enhancing employees' professional skills and overall capabilities.
Employee Training
Purity Quartz Products
On September 25, 2025, the Company organized a specialized training on “High-Purity Quartz Product Production
and Development
Process” for semiconductor professionals, conducted by internal instructors and broadcast live via both on-site
sessions and DingTalk. The training focused on the core aspects of semiconductor manufacturing processes and
aimed to strengthen employees' professional understanding of the high-purity quartz product production process.
The Company consistently views talent as the core driving force for It not only enhanced the technical and practical abilities of key positions but also provided strong talent support for
the Company’s expansion into the semiconductor material sector, further solidifying the Company’s sustainable
its development. It is committed to building a systematic, multi-level
development foundation in emerging industries.
talent development system, continuously optimizing employee training
mechanisms, and comprehensively enhancing employees' professional
competence and overall capabilities, thus laying a solid talent foundation
for the Company’s high-quality sustainable development.
Training System The Company continuously improves its employee training system and conducts various
training sessions under the Employee Training Management Procedure, covering all
employees. The goal is to enhance employees' professional knowledge, skills, and overall
quality, providing talent support for the Company's sustained development.
[Case] Employee Mental Health Training
Metrics Unit 2025
On June 24, 2025, Ancai Photovoltaic New Materials organized a mental health training session, inviting a senior
Number of Employee Training Sessions Session 18 psychological counselor to conduct a lecture on “Emotions and Communication,” with active participation from
employees across departments. Through professional psychological counseling and interactive communication,
Total Attendance Person-times 2,460
the training effectively improved employees' mental health literacy and communication skills, creating a positive,
harmonious, and healthy working atmosphere.
Employee Training Flowchart
Training for New and
Transferred Employees
Training for Employees on
External Study Programs
Training Effectiveness Evaluation
Determining Job Descriptions
Identifying Training Demands
Developing Training Plans
Training for General
Training and assessment
Training implementation
Training Management
Technical Positions
Career The Company attaches great importance to employees' career development and is
committed to building a fair and diverse growth platform. We have established a clear job
Skills Assessment
Development system based on the Talent Development Plan, the Mentorship Management Measures
and other systems, setting up dual career tracks for management and professional
Training for Important sequences. Employees are categorized into three levels and a talent pool, offering
Positions them both vertical promotion and horizontal rotation opportunities through scientific
selection standards and structured recruitment procedures. At the same time, we focus
on the continuous improvement of employees' professional skills, implementing various
Hiring Part-time Trainers
training methods such as "mentor-mentee" programs, specialized training, external study
assignments, and continuing education. These programs are supported with funding
and assessment incentives to help employees continually enhance their professional
competence and overall qualifications, fostering mutual growth of personal value and the
Company’s development.
During the reporting period, the Company, along with its subsidiaries, including Xuchang Ancai
and Jiaozuo Ancai, successfully obtained ISO 45001 Occupational Health and Safety Management
System Certification.
Occupational Health and Safety
To ensure employee health and safety and lay a solid foundation for
sustainable development, Ancai Hi-tech consistently prioritizes risk
prevention and control, with full participation from all employees. We
have systematically developed a comprehensive occupational health
and work safety management system, continuously aligning with ISO
systematic and refined management measures, we aim to provide
employees with a safe, healthy, and sustainable working environment,
Xuchang Ancai ISO 45001 Occupational Health Jiaozuo Ancai ISO 45001 Occupational Health
ensuring the high-quality development of the Company.
and Safety Management System Certification and Safety Management System Certification
Work Safety Management System
The Company has developed a series of regulations, including the Occupational Health Management System
Compilation, the Work Safety Management System, the Work Safety Production Standardization Management System,
and the Implementation Manual for the Hierarchical Work Safety Risk Control System, to build an occupational health
and work safety management system based on risk prevention and control, with full participation from all employees.
By establishing a responsibility grid that extends across all functions horizontally and down to every level vertically—
from the Work Safety Committee to frontline employees—we have achieved cascading safety targets and full coverage
of responsibilities. By deeply integrating the dual prevention mechanism of hierarchical safety risk control and hidden
hazard investigation and treatment, the Company implements strict standardized work permits for key risk points
such as confined spaces and hot work, in light of the characteristics of the glass manufacturing industry. Meanwhile,
we have established a closed-loop management process covering occupational hazard monitoring, employee health
examinations, emergency drills, and information-based management, and regularly conduct internal audits and
management reviews, systematically providing a solid guarantee for employee health and stable enterprise operations.
Work Safety Responsibility Grid Diagram of Jiaozuo Ancai
Ancai Photovoltaic New Materials ISO 45001
First-Level Grid
General Manager Ancai Hi-tech ISO 45001 Occupational Health
Occupational Health and Safety Management and Safety Management System Certification
System Certification
Finance Director Deputy General Manager Deputy General Manager
Second-Level Grid
Department
Personnel
Department
Protection
Environmental
Work Safety and
Department
Finance
Workshop
Batching
Workshop
Melting
Workshop
Forming
Workshop
Maintenance
Department
Management
Comprehensive
Power Workshop
Workshop
Deep Processing
Department
Technology
Quality and
Workshop
Transportation
Storage and
Risk The Company has implemented the Risk and Hidden Hazard Prevention and Hierarchical
Safety Risk Control System, continuously carrying out company-wide hazard identification
Management and risk assessment. Through routine comprehensive inspections and dynamic
evaluations, the Company exercises hierarchical, stratified, and categorized precise control
Mechanism over all types of safety risks, ensuring that risks are consistently maintained in a controlled
state and thereby reinforcing the management foundation for work safety.
Third-Level Grid
Departments and Teams
Employees
Risk Management Process
[Case] Food Poisoning Emergency Drill
Risk Identification
The Company mobilizes all employees to systematically identify hazards across all equipment, facilities, and
operational activities within each department. This process spans multiple dimensions including human behavior, On July 3, 2025, Xuchang Ancai organized a food poisoning emergency drill, simulating the full emergency
the condition of objects, environmental factors, and management deficiencies, covering both routine and non- response process after employees at the staff canteen showed symptoms of food poisoning, such as vomiting.
routine operations, all personnel accessing the premises, and the entirety of change management, ensuring that risk Through this practical drill, the rapid response and coordinated disposal capabilities of logistics and safety
identification is comprehensive and leaves no blind spots. management personnel in addressing public health emergencies were enhanced, strengthening the line of defense
for safeguarding employees' health and safety.
Risk EvaluationRisk Evaluation
The LEC semi-quantitative evaluation method is used, taking into account the likelihood of accidents, frequency of
personnel exposure, and the severity of consequences to calculate risk scores. Based on the scores, risk levels are
divided into four categories: major, significant, general, and low risk, represented by red, orange, yellow, and blue
colors for management purposes.
Risk Detection
Risk identification is visually displayed through hierarchical safety risk control lists, major risk bulletin boards, and
position-specific risk control cards, among other forms. Departments routinely check the implementation of control
measures, and the Company regularly supervises and assesses them, ensuring dynamic tracking and monitoring of
risk status.
[Case] Flood Control and Water Disaster Emergency Drill
On May 22, 2025, Xuchang Ancai conducted a flood control and water disaster emergency drill at the south gate
of the bagged warehouse. The drill simulated risks from seasonal floods and extreme flooding causing water
Risk Control accumulation in the warehouse area. Each emergency team responded swiftly and efficiently completed emergency
Based on the grading results, control measures are formulated according to the priority sequence of elimination, tasks such as sandbag barricading, material transfer, and drainage rescue. Through the hands-on drill, the feasibility
substitution, engineering control, management control, and personal protection. The Company clarifies the four levels of the flood control emergency plan and the capability of emergency supplies were effectively tested, enhancing
of control (company, department, team, and position) and responsible parties to ensure that major and higher-level employees' ability to respond quickly and coordinate efforts in flood situations, providing strong assurance for the
risks are prioritized for management, achieving closed-loop control of risks. Company’s work safety during the flood season.
The Company has established the Emergency Plan for Work Safety Accidents, creating
Emergency a complete emergency response system that includes comprehensive emergency
Management plans, special emergency plans, and on-site disposal plans. This system covers various
potential accident scenarios, including fire and explosion, glass melt leakage, poisoning and
suffocation, heat stroke, and food poisoning.
[Case] Long'an District’s 2025 Government-Enterprise Emergency Drill
On June 24, 2025, Ancai Solar Thermal Technology collaborated with the Long'an District Emergency Management
The Company has established a normalized, comprehensive hazard identification
Bureau, Fire Rescue Brigade, and other authorities to conduct a district-level government-enterprise emergency drill
for a liquid ammonia leak. The drill simulated a liquid ammonia leak hazard in the ammonia shed area of the power Identification and management mechanism, combining daily inspections, special inspections, and
workshop, covering the entire process from hazard discovery, initial response, information reporting, emergency comprehensive inspections to conduct thorough checks on production sites, equipment,
response, government-enterprise joint rescue, on-site disposal, to emergency termination. This drill effectively of Hidden facilities, and working environments. During the reporting period, we organized several
verified the feasibility of the Company's emergency response plan and the efficiency of the government-enterprise comprehensive inspections covering the entire production area of the Company. Hazard
emergency linkage mechanism, tangibly enhancing the rapid response and coordinated disposal capabilities for Hazards issues were addressed promptly, effectively eliminating unsafe factors on-site and
major hazard source leakage accidents, thereby building a solid line of defense for regional safety. strengthening the work safety defense line.
Waste in the semi-finished product warehouse was not cleaned in time.
Before After
Rectification Rectification
Metrics Unit 2025
Broken glass on the floor of the raw material area was not cleaned in time.
Number of Work Safety Accidents Case 0
Before After
Rectification Rectification
Number of Work-Related Deaths Person 0
Work-Related Fatality Rate % 0
Total Number of Work-Related Injuries Person 2
Work-related Injury Rate % 0.098
Work Safety Working Hours Lost due to Work-Related Hours 2,824
Injuries
The lighting outside the waste heat power generation control room door was not turned off in time.
Total Working Hours Hours 4,316,927
Before After
Rectification Rectification Lost Time Injury Rate (per Million Hours) Hours/million working hours 654.17
Injury Rate per Million Hours Worked People/million working hours 0.46
Investment in Work Safety RMB 10,000 1,218
Proportion of Work Safety Investment to
Operating Revenue % 0.42
Number of Safety Training Sessions Cases 171
Finished product racks on the north road of the factory were tilted, posing a safety risk. Number of Participants in Safety Training Person-times 10,762
Safety Training
Before After Total Training Hours Hours 32,286
Rectification Rectification
Average Production Safety Training Hours
per Employee Hour/Person 15.80
Investment in Work-Related Injury Insurance RMB 10,000 193.09
Total Number of Employees Covered by 2,044
Work-Related Injury Insurance Person
Total Number of Employees Required to Person 2,044
Participate in Work Injury Insurance
Coverage Rate of Work-Related Injury 100
Insurance for Employees %
Investment in Work Safety Liability Insurance RMB 10,000 0.9
Occupational
Number of Employees Covered by Work
Following the principle of "accountability rests with the person in charge" for work safety, Person 11
health Safety Liability Insurance
Metrics and the Company has established a work safety management goal and target system
covering all employees, processes, and systems. Responsibilities are delegated step by
Total Number of Employees Required to
Participate in Work Safety Liability Insurance
Person 11
Targets step to managers and staff at all levels. Through quantitative assessments and dynamic Coverage of Work Safety Liability Insurance % 100
tracking, we ensure the effective implementation of safety management requirements and Number of People Suffering From
Occupational Diseases Person 0
continuously improve intrinsic safety performance.
Incidence Rate of Occupational Diseases % 0
Metrics Target Value
Remarks: The statistical scope of the number of work safety accidents, number of work-related deaths, total number of work-related injuries, and working hours lost due to work-related
injuries covers Ancai Solar Thermal Technology, Xuchang Ancai, Pharmaceutical Glass Project Department, and Ancai Energy.
Safety Incidents of General Severity or Above 0 The Company has established a strict full-process management mechanism for accident reporting, investigation,
and handling. Once a work safety accident occurs, the emergency response is immediately activated. On-site
Mass Occupational Health and Safety Accidents or Incidents 0
Safety
personnel report the incident and carry out initial treatment. The main person in charge of the Company quickly
arrives at the scene to organize rescue efforts and prevent the accident from escalating. Strictly adhering to the
Safety Complaints That Seriously Affect the Company’s Reputation principles that the root cause must be thoroughly investigated, accountability must be clearly assigned, corrective
Certification Rate of the Main Person in Charge and Safety Accident measures must be fully implemented, and all relevant personnel must be educated (the "Four Non-Leniencies"
principle), the Company reports the accident to the competent government authorities within the prescribed time
Management
Management Personnel
causes, makes definitive responsibility determinations, and develops and implements preventive measures,
Certification Rate of the Main Person in Charge and Safety ensuring that lessons learned from accidents are translated into opportunities for management improvement and
Management Personnel 100% continuously enhancing the effectiveness of work safety management.
Training The Company promotes the theme "Everyone Emphasizes Safety and Is Capable of
Emergency Response" through a wide range of occupational health and safety cultural
Management Based on the Hazardous Goods and Major Hazard Source Management System, the Company
implements strict control over the entire lifecycle of hazardous chemicals, establishing and
and Cultural activities, covering all employees. of Hazardous
improving regulations and management records covering procurement, storage, usage, and
disposal. Storage sites are managed by designated personnel, equipped with comprehensive
Development fire-fighting, emergency facilities, and monitoring alarm devices. Strict control requirements,
Chemicals including classified and zoned storage, limited quantity storage, and a "dual-person dual-lock
[Case] “Work Safety Month” Campaign of Ancai Solar Thermal Technology system," are enforced. During the use phase, standard operating procedures are rigorously
followed, and specialized training and personal protection for operators are strengthened to
In June 2025, Ancai Solar Thermal Technology carried out the Work Safety Month activities under the theme ensure regulated operations and controlled risks.
"Everyone Emphasizes Safety, Everyone is Capable of Emergency Response—Unblocking Life-saving Passageway".
Hazardous Goods Management Flowchart
Through special training, warning education, hazard identification awareness, safety consultation, and emergency
drills, the event effectively enhanced the safety awareness and emergency response capabilities of all employees,
creating a strong safety culture atmosphere.
Specify
Identify the need for Develop a environmental and
hazardous substances procurement plan safety requirements
to suppliers
Conduct acceptance Ensure environmental
Store materials by and safety compliance
inspection of procured
user departments by suppliers during
flammable, explosive,
in accordance with dispatch and
and chemical
regulations transportation
substances
[Case] Occupational Disease Prevention and Control Awareness Program
In April 2025, coinciding with the 23rd National Awareness Week for the Law on Prevention and Control of
Occupational Diseases, Ancai Photovoltaic New Materials organized a series of awareness and learning activities.
These activities provided employees with foundational knowledge on the Law on Prevention and Control of Strictly adhere to the Prepare emergency
Occupational Diseases and classifications of common occupational diseases, effectively improving their overall response plans to Treat chemical waste
relevant regulations liquids after use
occupational health competence. during use address emergencies
Testing of
During the reporting period, the Company commissioned qualified professional agencies
to conduct comprehensive testing and status evaluations of occupational disease hazard
Occupational factors at production workplaces. The testing covered key processes such as raw material
preparation, smelting, deep processing, and auxiliary production, with multiple testing points set
Hazard up to assess major hazard factors, including silica dust, noise, high temperature, and chemical
toxins. The results indicated that the Company generally complies with national occupational
Factors health requirements and effectively identified key control points, providing a scientific basis for
targeted governance and continuous improvement.
The Company has established a comprehensive occupational health management file along
Occupational with monitoring and evaluation ledgers, enabling dynamic tracking of changes in occupational
disease risk factors. By implementing automated and enclosed process modifications
Safety The Company has established a Related Party Management System, integrating
contractors and other related parties into the unified safety management system, and
Hazard and installing high-efficiency dust removal and ventilation facilities, the Company reduces
Protection
employees' exposure to hazard risks from the source. During the reporting period, the
Management implementing full-process closed-loop control. The Company strictly implements the Company strictly enforced position-specific operating procedures, provided employees
admission review process, comprehensively evaluating the qualifications, work safety
Measures with personal protective equipment meeting national standards, such as dust-proof masks,
noise-proof earplugs, gas masks, and protective clothing, and established distribution and
for Related conditions, and personnel certification of contractors. Before operations commence,
specialized safety education, training, and technical disclosure are carried out to ensure that
usage ledgers. Meanwhile, the Company fully implements the occupational disease hazard
notification system, with standardized warning signs and hazard notification cards placed at
Parties related parties are familiar with on-site risks and operational protocols. During operations, operational sites, ensuring that occupational disease risks are minimized.
Occupational
on-site supervision, inspection, and safety performance assessment are strengthened, During the reporting period, the Company strictly carried out the occupational health
with any violations promptly corrected and factored into performance evaluations. Through surveillance system covering the entire employment cycle—pre-placement, in-service,
regular assessment of related parties' safety performance, the Company ensures their Health and exit—achieving full coverage of health examinations for employees in positions with
occupational hazard exposure. Through standardized record-keeping and timely feedback,
Checkups
continuous compliance with its work safety management requirements, thereby effectively
a closed-loop management mechanism from health checkups to risk intervention has been
preventing operational risks associated with related parties.
established, effectively safeguarding employees' health rights and interests. Additionally,
employee occupational health surveillance files were also established and are dynamically
updated to closely track their health status.
Rural The Company deeply integrates into the rural revitalization strategy, opening sales
channels for agricultural products through consumption-based support and delivering
Revitalization corporate warmth through charitable donations, continuously empowering rural
Social Contribution
[Case] One-Day-Donation Campaign
In 2025, the Company responded to the call from the Office of the CPC Anyang Municipal Committee and the Office
of the Anyang Municipal People's Government by organizing all employees to participate in the One-Day-Donation
campaign. Adhering to the principles of "broad mobilization, full participation, voluntary giving, and encouraging
While pursuing high-quality development, Ancai Hi-tech has always generosity," the campaign raised a total of RMB 30,528 in donations. All funds were allocated to rural revitalization
remained committed to fulfilling its social responsibilities as a state- support projects such as "Elderly Care and Assistance in Henan" and "Education and Student Aid in Henan." The
campaign demonstrated the dedication of the Company's employees to public welfare and their commitment
owned enterprise. In response to national and government calls, to giving back to society, and through it, the Company tangibly fulfilled its social responsibility as a state-owned
the Company has actively engaged in public welfare initiatives and enterprise in supporting rural revitalization.
contributed to rural revitalization.
[Case] Agricultural Product Procurement for Rural Support
The Company uses public welfare projects as a platform and relies on employee
Public Welfare participation to continuously carry out charitable donations, charitable blood donations,
and other public welfare initiatives, demonstrating the responsibility of a state-owned In 2025, Ancai Photovoltaic New Materials connected with the Gaobeihe Village Planting Cooperative in Long'an
District through procurement to conduct consumption-driven assistance. Throughout the year, the Company
and Charity enterprise through practical actions.
procured a cumulative total of approximately 11.05 metric tons of vegetables, totaling RMB 13,363. This agricultural
To further standardize its public welfare efforts, the Company has developed product procurement initiative helped the village cooperative find market outlets for its produce, supporting rural
the Donation Management System, promoting the systematic and standardized revitalization through concrete actions.
development of charitable work.
[Case] Charitable Blood Donation
[Key Performance]
In December 2025, the Company organized a voluntary blood donation campaign themed "Giving Blood, Giving
Love." Employees responded with great enthusiasm, actively donating blood and interpreting the spirit of dedication
and responsibility through tangible actions.
During the reporting period, the Company invested RMB 43,900 in rural revitalization, benefiting
RMB 183 million and wooden processed products and packaging materials worth approximately
RMB 61 million, taking concrete actions to drive the development of local rural industries.
Charitable Blood Donation
[Key Performance]
During the reporting period, the total volunteer hours amounted to 642 hours, with 326 participants,
and a total public welfare investment of RMB9,800.
Annex Response to climate
Article 8 and Articles 20 to
Environmental protection
change
Articles 29, 30, 31, 33
Environmental 305/306 E2.1/E2.2/E2.4
management
Energy utilization 302 E3.1
Shanghai Stock
（GRI Standards） （CASS-ESG 6.0)》
Exchange Self-
Sustainability Reporting Guidelines on Corporate
Regulatory Guidelines for Water resource utilization 303-1 E3.2 Articles 34, 36
Standards of the Global Social Responsibility
Contents Listed Companies No. 14
Reporting Initiative (GRI Reporting for Chinese
- Sustainability Report
Standards) Enterprises (CASS-ESG Material utilization
(for Trial Implementation) Articles 34, 37
About the Report 2-2 P1.2 Articles 3, 4, 6, and 7 Responsible supply chain 204/308/414 S3.1/S3.2 Articles 45, 46
Industry value
Message from 2-22 P2.1 / Innovation-driven 203-1 S2.1 Article 41, 42
Chairman development
Product and service
About Ancai Hi- 2-1/2-6 P3.1/P3.2/P3.3 / safety and quality 416/417 S3.3 Article 47
Tech
Data security and
customer privacy 418 S3.4 Article 48
Sustainable Articles 5, 9, 10, 11, 14, 18,
G1.1/G1.3
development 29/3-1/3-2/3-3 51, 53
governance Protection of employees’ 401/402/405/406/ Articles 49, 50
S4.1
rights and interests 407/408/409
Corporate governance
Better life
Standardized 2-9/2-10/2-11/2-12/2-
G1.1 Article 12 Employee training and 404 S4.3 Article 50
governance 18/2-19/2-20/2-29 development
management and Occupational health and 403 S4.2 Article 50
risk control
Articles 38, 39, and 40
Investor relations 2-29 G1.3 Articles 9, 44, and 53 Contribution to society 413 S1
management Annex
Indexes Article 57
Business conduct / A3
Feedback Form
/ A6 Article 53
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