ÈݰٿƼ¼£º2023ÄêESG±¨¸æ(Ó¢ÎÄ°æ)

Environmental, Social and Governance Repo®î 2023

CONTENTSAbout the Repo®îMessage from Chairman

About the Repo®îOve®ïiewThis report is the third ¡°Environmental, Social and Governance Report¡± (hereinafterreferred to as the ESG repo®î) issued by Ningbo Ronbay New Energy Technology Co., Ltd.,to disclose the corporation¡¯s management, practice and performance in the economy,environment, social responsibility and governance to all stakeholders.Time FrameThe repo®î covers the time frame from Janua®ñ 1 to December 31, 2023 (hereinafter referredto as the ¡°repo®îing period¡±), tracing back to cover previous years for some contents.Scope and Bounda®ñThe repo®î¡¯s scope of disclosure is consistent with that of the corporation¡¯s 20223 annual®ênancial statements, covering Ningbo Ronbay New Energy Technology Co., Ltd. (hereinafterreferred to as ¡°the corporation¡±, ¡°Ronbay Technology¡±, ¡°Ronbay¡±, or ¡°we¡±) and itssubsidiaries.Compiling the Basis of the Repo®îThe repo®î was compiled by referring to the ¡°GRI Standards¡± issued by the Global Repo®îingInitiative (GRI) and Chapter 8 Social Responsibility of the ¡°No. 1 Self-regulato®ñ Guidelinesfor Listed Companies on Shanghai Stock Exchange: Standard Operation¡±.Data Sources and Reliability GuaranteeThe information and data disclosed in this report come from disclosed information,statistical repo®îs and o®æcial documents of the corporation. The board of directors shallguarantee that this repo®î is free of any false records or misleading statements and assumeresponsibility for the truthfulness, accuracy and completeness of the contents.Access and Response to this Repo®îThe views of stakeholders are valued by us. All readers are welcome to contact us throughthe following contact information. Your opinions will help us fu®îher pe®íect this repo®î andimprove our ESG pe®íormance.Email:[e-mail]: 0574-62730998

1. Leading New Energy Indust®ñ with Global Layout

1.1 About Ronbay

1.2 Deveopment Strategy and Long-term Planning

1.3 Construction and Governance of Sustainable Development System

2. Governance Innovation to Solidify Foundation for Sustainable Develpment

2.1 Corporate Governance

2.2 Compliance Management

2.3 Internal Control and Risk Management

2.4 Business Ethics

3. Building Competitiveness in Globalization Delive®ñ with Innovation

3.1 Become a Pa®îner Preferred by Customers

3.2 Leading Core Competitiveness in R&D with Innovation

3.3 Responsible Procurement

3.4 Advanced Manufacturing and Lean Quality

4. Usher in New Era of Carbon Neutrality with Low-carbon Cycle

4.1 Addressing Climate Change

4.2 Coordination in Energy Saving and Carbon Reduction

4.3 Resource Utilization

5. Harmonious Coexistence with Environment through Eco-friendliness

5.1 Construction of Environmental Compliance and Management System

5.2 Pollutant Treatment

5.3 Environmental Risk Prevention and Control

6. Talents Attracted for Co-building a Vigorous Ronbay

6.1 Employee Rights and Bene®êts

6.2 Enable Employees for Win-win Growth

6.3 Care for Employees

6.4 Occupational Health and Safety

7. Practicing the Mission of Corporate Citizenship in Community Building

7.1 Community Communication and Involvement

7.2 Rural and Industrial Revitalization

7.3 Repay the Society with Charity Donations

Appendix 1: ESG Pe®íormance ListAppendix 2: Chronicle of Events in 2023Appendix 3: Honors and AwardsAppendix 4: GRI Standards Index

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Message from the Chairman

Chairman of the board

Bai HoushanIn 2023, we launched an organizational reform, deepened our ¡°New Integration¡± strategy, andbegan to pursue our globalization strategy.Throughout our growth over the years, we have assumed our corporate mission of ¡°developingthe new energy indust®ñ, improving the human living environment, creating a better future forthe company and employees, and paying back to society¡±. We are not only striving to createcommercial value, but also keep exploring an ecological civilization. As an impo®îant way forus to reduce greenhouse gas emissions and pollution, new energy is adopted by us to addressthe problems of global warming and environmental pollution, while its development is widelysupported and encouraged by governments of various countries. As a leader in the newenergy materials indust®ñ, we are clearly aware of the impo®îance of industrial development inprotecting the ¡°Habitat for Humanity on the Ea®îh¡±. Therefore, we will continue to innovate inour R&D and pursuit of professionalism. Our leadership in technology is ultimately re®ìected inour improved e®æciency in new energy transformation and utilization, in addition to economicand environmental gains. Therefore, our business goal is consistent with our environmentalgoal, which is also a bene®êt expected by all our sta®ã and employees.In the process of development, an enterprise has to interact with and adapt itself to theexternal environments (including the market environment, policy environment, socialenvironment, etc.), unde®îake its corporate social responsibilities of environmental protectionand employee care, and ultimately coexist and blend with society, environment and pa®înersthrough the diversi®êcation and innovation of its internal ecosystem.We¡¯ve formulated our sustainable development strategy to consolidate the foundationof our sustainable management and ensure the implementation of our ¡°New IntegrationStrategy¡±. This year, we¡¯ve reformed our ¡°market-R&D-delivery¡± systems, and unleashed

our great innovation strength in such aspects as technology R&D, management, investmentand acquisition, organization construction. We have solidified our sustainable managementresponsibility oriented around our ESG performance and focused on improvement basedon low-carbon recycling, blended our sustainable development concept in our dailyoperations and integrated management elements such as corporate governance, compliancemanagement, ecological and environmental protection, health and safety, energy conse®ïation,low carbon, organizational construction and win-win cooperation with our partners, thuspromoting our work in ESG steadily.The internationally recognized sustainable development guidelines followed by our ESG will bethe impo®îant basis and yardstick for the construction of our sustainable management system.Considering the differences in various countries in terms of legal environment, businessenvironment and humanistic culture, it is necessary to establish a sustainable developmentmanagement system accepted by all mankind.Looking into the future, we will stick to the green, low-carbon and sustainable developmentpath. On the basis of adapting to stricter regulations and higher ESG pe®íormance goals, wewill pursue the best practices in the industry, and achieve sustainable and win-win greendevelopment with all stakeholders.

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1.1 About Us

1.1.1 Development Histo®ñ

Founded in 2014, Ningbo Ronbay New Energy Technology Co., Ltd. (hereinafter referred to asRonbay Technology, stock code: 688005.SH) is a transnational corporation of high-tech new energymaterial indust®ñ co-built by two teams from China and South Korea with successful entrepreneurialexperience of around twenty years in the lithium batte®ñ indust®ñ, which is specialized in the R&D,production and sales of lithium batte®ñ positive electrode material and its precursors.In 2016, Ronbay Technology put forward the ¡°three-step strategy¡±, with the ultimate aim of ¡°completelyreplacing petrochemical energy and realizing sustainable development for humankind¡±, buildingindustrial clusters and circular industrial chain leading the new energy industry civilization, thusestablishing our sustainable development concept and confirming our industrial developmentdirection.In 2019, Ronbay Technology was successfully listed on the Science and Technology InnovationBoard, marking the end of our ®êrst step, ¡°running a good enterprise¡± in our ¡°three-step strategy¡±.In 2021, we released our ¡°New Integration Strategy¡±. Around our second step to ¡°develop anindustry well¡±, we confirmed our strategic positioning of ¡°being the strongest and working withthe strongest on the basis of coexistence and blend¡± and implemented the ¡°strategy with sevencharacteristics¡±, namely ¡°professionalism, integration, platform, organization, ecology, digitization,and globalization and organization¡±;In 2022, Ronbay Technology acquired Tianjin Skyland Technology and quickly entered the ®êeld ofphosphate, becoming the world¡¯s ®êrst enterprise to achieve mass production of LMFP, and the onlyenterprise with the production technology capacity of both top terna®ñ materials and LMFP;In 2023, we released our globalization strategy and fully implemented the ¡°New IntegrationStrategy¡± based domestically and aiming globally. We launched related capacity planning andconstruction at home and abroad, made a global deployment in R&D, production and se®ïice bases,and continually accelerated the expansion of our production capacity. During the repo®îing period,we launched the construction of an annual production capacity of 20,000 tons of LMFP in Chungju,South Korea.After nearly 10 years of development, we have fully advanced our product R&D, customerdevelopment and raw material supply in three major materials, namely high-nickel terna®ñ material,LMFP material and sodium batte®ñ positive electrode material, provided suppo®îing terna®ñ positiveelectrode materials with stable pe®íormance and mature production technology for cutting-edgeproducts with a high energy density produced by mainstream power battery manufacturers athome and abroad, achieving the fastest large-scale volume production of LMFP and taking the leadin the indust®ñ for sodium batte®ñ technology. In 2023, we upgraded from a high-nickel leader toa comprehensive positive electrode material supplier covering all markets, with our market sharerising continuously, and took ®êrst place worldwide for three consecutive years for our sales volumeof terna®ñ material.

Leading the NewEnergy Indust®ñ witha Global Layout

1.1 About Ronbay

1.2 Deveopment Strategy and Long-term Planning

1.3 Construction and Governance of Sustainable Development System

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Selected among the ¡°Top 50 Enterprises with Highest Innovation Power Selected byForbes in 2021¡±Honored as the ¡°Enterprise with Highest Investment Value on Science andTechnology Innovation Board in 2021¡±Selected among the ¡°Top 50 Enterprises with Highest Innovation Power Selectedby Forbes in 2022¡±Selected among ¡°Top 10 in China¡¯s Supply Chain of Power Batte®ñ¡±Selected among the List of ¡°Top 100 Chinese Listed Companies for ESG in 2023¡±Selected among the Top 500 Chinese Listed Companies Selected by Forbes

2017

Selected into the 2017 list of best enterprises of core competitive enterprisesreleased by ChinaAventure

Became one of the ®êrst batch of 25 listed companies on the Science and TechnologyInnovation Board2019

Selected among the ¡°Top 50 Enterprises with Highest Investment Value in China in2018¡± released by Zero2IPO GroupSho®îlisted among the ¡°Unicorn Companies¡± of China jointly released by Torch Centerof Minist®ñ of Science and Technology and Great Wall Strategic Consulting, etc.

20132013

2014201620212023

201520192022

Ronbay was establishedCon®êrming the business plan in lithiumbattery positive electrode£¨cathode)material indust®ñ

Realizing integrated operations ofRonbay¡¯s systemAcquisition of South Korea EMT

Listed in Science and TechnologyInnovation Board

New Integration Strategy was implementedAcquisition of Skyland TechnologyEstablishing a base in XiantaoProduction capacity was expanded at a faster pace

Acquisition of JAESE EnergyAcquisition of Yanguang High-techReorganizing of Jinhe Lithium Batte®ñAcquisition of South Korea TMR throughJAESE Energy

The market¡¯s first-generationNCM811 high-nickel productsrealized volume production

Acquisition of Fenggu Energy-savingTechnologyNew Integration Strategy was releasedGrowth in both production capacity andvalue

Globalization strategy was releasedProduction capacity was expandedat a faster pace

In2021In

2018In2022In

In2023In

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1.1.2 Mission, Vision, Values and Concept of Sustainable

Development

MISSION

VALUESConcepts of

Sustainable Development

VISIONT®ñing to develop the new energy

indust®ñ, improve the livingenvironment of humankind,open up a bright future for thecompany and employees and pay

back to society

Scienti®êc, rational, learning-oriented, innovative, big-picture,

systematic

Build an ecosystem on the basisof coexistence and blendwith society, environment and

pa®îners

Establishing a new energyindustrial cluster with ®êrst-class innovation ability and high

commercial civilization

Our concept of sustainable development originates from our mission and vision, with the aim ofestablishing an ¡°ecosphere¡±. Other than creating commercial values and ensuring sustainablebusiness, we keep interacting with and adapting to external environments (including the marketenvironment, policy environment, social environment, etc.) through diversifying and innovating ourown ecosystem and assuming our corporate social responsibility in environment protection andemployee care.Our concept of sustainable development runs throughout every link of our operation such ascorporate governance, decision-making mechanism, business development, corporate citizenship,technology innovation and R&D, supply chain partnership and environmental protection, whichis also the basic requirement for the implementation of our ESG (environment, society andgovernance) practice, corporate civil social responsibility and industrial cycle.

We are self-positioned as an industry operator, with an ultimate goal and long-term planning to¡°completely replace petrochemical energy and realize sustainable development for humankind¡± andimplement a ¡°three-step¡± strategy on three major capabilities empowered by our strategy, investmentand management, so as to meet the demands of business forms and customers in the new energyindust®ñ, keep promoting the investment, incubation and operation of the new energy indust®ñ and forma sustainable operation and development model consistent with our own characteristics.During the repo®îing period, under the guidance of our ¡°New Integration¡± strategy, we kept innovatingin terms of technology R&D, management and operation, investment and acquisition, organizationalconstruction, and establishing a complete business ®ìow covering (market system-R&D system-delive®ñsystem). Around our main business of high-nickel positive electrode material, LMFP material and sodiumbatte®ñ positive electrode material, we not only se®ïed our domestic customers well, but also seized themajor oppo®îunities in the international market and pa®îicipated in the global market competition fromthe perspectives of indust®ñ and capital, with an aim to achieve 20-30% of the market share of the globalpositive electrode material market.

1.2 Development Strategy and Long-Term

Planning

Corporate citizenshipEnsuring the safety and health of workplacesPromoting the occupational development andcontinued education of the employeesSuppo®îing community development and pa®îicipatingin community se®ïice and charity activitiesProtecting the rights and bene®êts of the employeesand forbidding discrimination and exploitation

Ecology-based coexistence and blendAdopting ecology-based thinking and interactingwith and adapting to external environmentsEstablishing excellent and continuous pa®înershipsCoordination and collaboration to promote the newenergy commercial civilization

Green and low-carbon technology

Insisting on research and development topromote the progress in material technologyAdopting new technology to improve theengineering and manufacturing qualitySaving energy, reducing emissions of carbon andsolving environmental and social problemsSustainable business and supply chain cooperationSafeguarding customer relations to improve their satisfaction and loyaltyOptimizing the supply chain and reducing the risks and costsMaking a global deployment with new market and business models

Ecological and environmental protectionReducing the energy consumption and wastegeneration during productionUsing environment-friendly materials andreducing negative impacts on the environmentAdopting recycling economy and promoting therecycling of products and materialsAdopting clean energy

Transparency and communication

Releasing ESG repo®î regularly, with open andtransparent informationImproving the company¡¯s governance structure,with fair and transparent decisionsResponding to the concerns of stakeholders toensure e®ãective communication

SustainableDevelopment Conceptof Ronbay

Developing the new energyindustrial cluster well

First step

Second step

Third step

Sustainable operation

Running an indust®ñ well(New energy materialcluster)Running an enterprise well(Ronbay listed on Science andTechnology Innovation Boardin Jul. 2019)

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1.2.1 Deepening the ¡°New Integration¡± Strategy with

a Global LayoutIn 2023, we fu®îher strengthened our New Integration Strategy characterized by ¡°professionalism,integration, platform, ecology, digitization, globalization and organization¡±. The globalizationstrategy was one of the key and core tasks of Ronbay Technology in 2023.

ProfessionalismBeing the strongest and working with the strongest on the basis of coexistence and blend

Business expansion Executive force

guarantee

Territo®ñ expansionImprovement of business model

Professionalismis the foundation.The bases andplatforms areestablished onprofessionalism.

With integrationbased onprofessionalism,investmentexpands along theindustrial chainand promotesthe integration ofindustrial chain.

Platform-basis isthe characteristicof integration.With the platformof science andtechnology andsharing centersof management,®ênance and humanresource, we¡¯vetransformed froman enterprise toan investmentplatform.

Organization isthe foundation ofexecutive force.Organization is thereal life entity andthe means.

In the expansionof territo®ñ, weabsorb the wisdomof di®ãerentcivilizationsOn the basis of industrial chainexpansion, we expand our ecologicaland digital basis. The two aspectsare closely related. Digitalization isthe driver of technology. A digitalizedcompany is more e®æcient,with lessinternal contradictions; ecology-basis emphasizes interaction withand adaptation to the externalenvironments in pursuit of coexistenceand blend. The more complex theecology-basis is, the more impo®îantrisk control will be.

Global Layout

By learning and absorbing all kinds of advanced culture and knowledge around the world, weblended into the international market, building a truly global enterprise and creating a newcommercial civilization that absorbed modern and international talents, and made positivecontributions to global society and employees.In order to seize overseas market oppo®îunities, we put forward our development strategic goal ofglobalization in 2023, made full use of our ®êrst-mover advantage in the global new energy indust®ñchain, and promoted the production capacity construction in Asia, Europe and America, thusmaintaining our leading advantage in the process of globalization.

1.2.2 Core Capabilities and Market Layout

In 2023, we continued to unleash our competitive advantages and unique capabilities in suchaspects as product R&D, technological innovation, production capacity construction, supplychain planning, cost control, and marketing, e®ãectively responding to changes in the market andenvironment, to ensure our advantages and business growth in the competition.CoreCapabilities

Resource InputMain Outcomes

R&D and innovation

In 2023, our R&Dinvestment exceeded 350

million yuan

1) LMFP: completed the pilot scale test on the vehicle-grade power batte®ñ,

and achieved a breakthrough in the vehicle market application in 2024;

2) Sodium battery positive electrode: layered oxide positive electrode

material was continuously upgraded and optimized in technology accordingto the requirements of customers;

3) Developed polyanionic sodium-ion batte®ñ positive electrode material,

taking the lead in the technology of samples and conducting testing andveri®êcation with customers.New productioncapacity

Production capacity wasexpanded, with a totalinvestment of 3.65 billion

yuan

1) Phase 5-2-2 expansion of the E¡¯zhou Production Base;

2) Phase II expansion of Zunyi Production Base;

3) Phase I of a new project in South Korea.

Supply chainplanning

Continued to fu®îher

promote the ¡°NewIntegration¡± strategy.

1) Built a business platform integrating industrial research, supply chain

development, centralized procurement and processing trade;

2) Improved the path design of the overseas supply chain, and realized a

strategic layout of globalization in market, production capacity and capitalbased on South Korea and covering the markets of Europe, America andJapan.

IntegrationPlatformEcologyDigitalizationOrganizationGlobalization

Disassemblyand recycling

Mining indust®ñ

Precursor

Positive electrodematerial

Lithium batte®ñproduction

Lithium batte®ñapplicationAutomobile andenergy storage

Ronbay Technology

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Ronbay Technology has taken the lead in completing the construction of production bases such aspositive electrode, precursor, and recycling in South Korea, and has started the market research, siteselection and construction preparation for production bases in regions such as Europe and NorthAmerica.

1.3 Construction and Governance of the

Sustainable Development System

1.3.1 Construction of a Sustainable Development

Management System

Creation of a Sustainable Development Management SystemThe sustainable management system is a systematic management project established on the basis ofthe construction of ¡°three systems¡±, to realize the sustainable development goals of Ronbay and lay asolid foundation for globalization. Guided by internationally accepted ESG standards and taking businessdevelopment as our core, we integrated management factors such as corporate governance, compliancemanagement, ecological and environmental protection, health and safety, energy conservation andlow carbon, organizational construction and win-win cooperation with our partners, thereby forminga complete management system highly integrated with our business system to ensure our sustainabledevelopment in business e®æciently.

Construction of ¡°Three Systems¡±Since its establishment, according to the trend of market environment and business development,Ronbay Technology has insisted on organizational innovation to stimulate its organizational vitality.During the reporting period, the company launched the reform project of ¡°building a process-basedorganization¡±, and strengthened its construction of management capabilities across regional cultureswith a complete process from the two aspects of organizational construction and management systemto establish the complete business process of ¡°three systems¡± and suppo®î the implementation of the ¡°NewIntegration Strategy¡±.

ESG is our mission and vision to meet the expectations and requirements of investors, customers,regulato®ñ authorities and the public, and suppo®î our development with recycling and low carbon. It isthe endogenous driving force for our development. Guided by our ESG pe®íormance, and suppo®îed byrecycling and low carbon, it leads us to achieve our outstanding pe®íormance in sustainable development.Based on responsible governance, our pe®íormance goal is suppo®îed by four pillars, namely sustainablerisk prevention and control, globalization strategic suppo®î, inherent safety and environment friendlinessand system capability, while our internal and external pa®înerships constitute the organizational base ofour sustainable development management system.

Collaboration with pa®îners (organizations and individuals)(Governance structure, team and culture construction,professional capabilities, sta®ã relations, supply chain construction,

cooperation with contractors, etc.)

Sustainabilityrisksprevention and

control

Inherentsafety andenvironmentfriendliness

ESG pe®íormanceRecyclingLow-carbon

Systemcapabilities

Suppo®î fromglobalizationstrategy

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1.3.3 Communication with Stakeholders

SerialNo.

StakeholdersCommunication Channels Focus of ESG

Shareholdersand investors

?Shareholders assembly?Pe®íormance presentation?Investor emails?Roadshows?Investor hotline?Shanghai Stock Exchange e-interaction?Network platform communication

¡ïRisk prevention and control¡ïIncorruption management¡ïHealth and safety of employees¡ïEnvironment management¡ïR&D innovation¡ïProduct quality¡ïCompliant operation¡ïCorporate governance¡ïRegional economic contribution

Governmentand regulationInstitutions

?Newsletters/news announcements?Telephone communication?Email communication?Conference communication?File sharing?Network platform communication

¡ïRisk prevention and control¡ïIncorruption management¡ïEnvironment management¡ïProduct quality¡ïPublic welfare

Customers

?Customer communication?Customer satisfaction degree su®ïey?Network platform communication

Product qualityR&D innovationCustomer se®ïice

Employees

Complaint boxEmployee communication conferenceEarnest talksEmailsDaily communication

¡ïEmployees¡¯ development¡ïHealth and safety of employees¡ïRights and bene®êts of employees¡ïCare for employees

Suppliers

On-site assessmentSupplier evaluationTechnical trainingNetwork platform communication

¡ïSupplier management

We are actively building good internal and external communication platforms. Through diversifiedchannels, we¡¯ve established an open, transparent communication mechanism with stakeholders, widelylistened to the voice of stakeholders and blended it into our decision-making, which is a key measurefor us to fulfill our transparent operation responsibility with stakeholders and ensure our compliantoperation and sustainable development.

1.3.2 Deepening Sustainable Responsibility Management

Sustainable ResponsibilityRonbay strengthened the responsibility of each department for sustainable development. During therepo®îing period, the company consolidated and suppo®îed the ESG responsibilities of all depa®îments,with the priorities including:

Integrate the key issues prioritized by stakeholders into the operation management of the company;Strengthen the special management of compliance risk, start the construction of our sustainablemanagement system, and promote the construction of the compliance risk control environment;Continue to improve the communication mechanism, strengthen information disclosure and externalinteraction;Promote cost reduction and e®æciency improvement, energy saving and carbon reduction activities, buildzero-carbon and green factories;Promote cultural exchanges, humanistic care and team building in our new factories overseas.Fig. 1-1 List of our ESG functional allocation Segments of responsibilityESG issues

Board o®æce

Centralstrategy

Product andbusiness system

Marketsystem

R&DsystemDelive®ñsystem

HRRegionalmanagement

Finance

RiskcontrolSubsidiariesCorporate governanceSustainable developmentmanagementCommunication withstakeholdersCompliance managementCorruption risk controlCustomer se®ïiceInnovation orientationResponsible procurement

Lean qualityEnergy saving, carbonreduction and resource

utilizationEcological and environmentalprotection and managementRights, bene®êts and welfare of

employeesEmployee empowering

Employee careOccupational health and

safetyCommunity communication

Rural revitalizatioCharitable donation

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1.3.4 Substantive Issues and Management of ESG

On the basis of the material management topics in 2022, we optimized the topic selection and evaluationcriteria, gave full consideration to the changes in international standards and policies, better understandthe concerns of stakeholders. Led by the sustainable development committee, we identi®êed the annualmajor issues of ESG through research and analysis, and summa®ñ of feedback from related pa®îies andexpe®î opinions.In 2023, we identi®êed 3 organizational governance topics, 12 environmental operationtopics, 6 employeeand social topics, a total of 21 topics.Identi®êcation of

ESG issuesWe so®î out the key tasksregarding our sustainabledevelopment and re®ìectthem with each stakeholder,and align to the best practicein the indust®ñ and con®êrmthe scope of ESG issues.

Issues of concern are

con®êrmed by referring tothe ¡°14thFive-year Plan¡± and

the ESG grading elementsof capital market and based

on the GRI standards, UN

SDGs and SASB and otherinternational standards and

objectives.

Assessmentand grading ofimpo®îance of issues

The issues of concern areclassi®êed and the feedback

from internal and externalstakeholders are solicited in

the form of inte®ïiews.

The opinions of third-pa®îyexpe®îs and industrialinsiders are solicited in

evaluating the impo®îance

of each ESG issue.The sustainable

development committeeranks and grades the

issues by their impo®îancebased on the company¡¯sdevelopment and appeals of

stakeholders.

Con®êrmation andrepo®îing of issues

The matrix of impo®îantissues and managementissues are repo®îed toand con®êrmed with the

board of directors.The highly impo®îantissues are managed and

supe®ïised in priorityand taken as the focus of

information disclosure.

In terms of the protection and communication of the rights and bene®êts of investors, we regularlyconvened shareholders¡¯ meetings and pe®íormance presentations in strict accordance with relatedlaws and regulations such as the ¡°Listing Rules of Science and Technology Innovation Board in theShanghai Stock Exchange¡±, and the ¡°A®îicles of Incorporation¡± to safeguard the investors¡¯ right toknow and pa®îicipate in major matters of the company. During the repo®îing period, we convened 1shareholders¡¯ meeting, 2 pe®íormance presentations and 9 investor teleconferences, covering suchcontents as the company¡¯s business conditions, strategy release and concerns of the investors.In terms of the disclosure of major decision information, we held three globalization strategypress conferences in 2023, announcing our aim to be a global leader in positive electrode. A totalof 660,000 people such as investors, analysts, partners and media friends at home and abroadpa®îicipated in the press conferences online and o®èine.

Globalization Strategy Press Conferences of Ronbay in 2023

Number of attendees

TimeLocationNumber of attendeesAugust 9Shanghai30,000August 18South Korea130,000August 24Shenzhen500,000

Aug 18,2023 Seoul, South Korea

Aug 24,2023 Shenzhen, ChinaAug 9,2023 Shanghai China

During the reporting period, the importance of 21 major topics of ESG was evaluated and ranked.Among them, eight were identified as highly important issues, including compliance management,R&D and innovation, quality assurance, customer service, hazardous matter management, circulatingmaterials, occupational health and safety and energy management, which were picked as importantissues for supe®ïision and information disclosure in priority; 11 topics with moderate impo®îance wereselected for targeted management and pe®íormance improvement, including risk prevention and control,integrity management, greenhouse gas emission, energy management, water resources management,responsible supply chain, sustainable procurement, chemicals management and employee rights andbene®êts protection.

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ESG dimensionESG topics

Serialnumber

Impo®îancerankingOrganizationalgovernance issues

Risk prevention and control1BIncorruption management2BCompliance management3A

Environmentalissues

Greenhouse gas emissionmanagement

4BWaste management5BEnergy management6AWater resourcesmanagement

7B

Managementissues

R&D and innovation8A

QA9ACustomer se®ïice10AResponsible supply chain11BSustainable procurement12BChemicals management13BHazardous substancemanagement

14ACirculating materials15A

Employee issues

Fair employment16BSta®ã training and

development

17BProtection of employees¡¯

rights and bene®êts

18BOccupational health and

safety

19ASocial issues

Charity20CRegional economic

contribution

21CNote: The importance is divided into three grades: A, B and C, in which A is the highest grade,B is the intermediate grade, and C is the low grade.

Importance to external stakeholders

Impo®îance to our sustainable development

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GovernanceInnovation to Solidifythe Foundation

Organizational governance

Completed the organizational reform of the three systems of ¡°market-R & D-delive®ñ¡±, ande®ãectively improved the professional capability of each module and the coordination abilitybetween the systems.Compliance and risk control

Built a comprehensive compliance management system guided by ¡°corporate complianceculture construction¡±, composed of sub-systems of ¡°compliance management organizationalsystem, compliance management operation system, and compliance management guaranteesystem¡±, suppo®îed by ¡°personnel, technology, institution and process¡±, integrating internaland external factors, stakeholders¡¯ needs and expectations.In 2023, 18 risk control audits were completed, with 129 problems re®ìected, and risk controlaudit covering 75% of the corporation¡¯s bases.

Business regulations

The integrity-based working system was promoted and implemented, and 15 employees insensitive positions were audited in 2023.The signing rate of ¡°Employee Integrity Commitment¡± and the coverage rate of businessethics training for new employees reached 100%.The core IT systems (including SAP) of 18 companies and 11 bases (including South Korea)®ênished a comprehensive diagnosis of information security, and a total of 279 problemswere identi®êed, recti®êed and solved.

2.1 Corporate Governance

Good governance practices are the basis of our business operations. We strictly abide by the CompanyLaw of the People's Republic of China, the Securities Law of the People's Republic of China and otherrelevant laws and regulations, and promote corporate governance activities in light of the actual situationof the company. After years of practice, Ronbay has formed a clear positioning of the board of directors,a professional structure of the board of directors, a standardized operation process and a board culturebased on value creation, enabling our long-term, steady and rapid development.We take the New Integration Strategy as our guideline, adhere to the core concept of ¡°all-rounddevelopment and innovation¡±, constantly explore new governance mechanisms, continuously promoteorganizational reform, and make e®ão®îs in such aspects as organizational construction, operation system,and coordination mechanism, so as to improve our ¡°organizational and platform-based¡± pe®íormance.

2.1 Corporate Governance

2.2 Compliance Management

2.3 Internal Control and Risk Management

2.4 Business Ethics

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Shareholders assemblyThe shareholders assembly is the highest authority in the company. The company convenes and holdsthe shareholders assembly in strict accordance with the provisions and requirements of the A®îicles ofIncorporation and the Rules of Procedure of the Shareholders Assembly, decides the company¡¯s businessguidelines and investment plans in accordance with the law, and deliberates and approves the repo®îssubmitted by the board of directors.Board of directors

The board of directors works in accordance with the No. 1 Self-regulatory Guidelines for ListedCompanies in the Science and Technology Innovation Board of the Shanghai Stock Exchange - StandardOperation and the Rules of Procedure of the Board of Directors. Its main responsibilities includeconvening the shareholders assembly, implementing the resolutions of the shareholders assembly,managing the information disclosure of the company, etc. The company has established four specialcommittees under the board of directors, namely the strategy committee, nominating committee, auditcommittee, and remuneration and assessment committee. Each committee pe®íorms its duties in strictaccordance with relevant laws, regulations and rules of procedure to provide basis and suggestions forthe scienti®êc decision-making of the board of directors.

Governance ArchitectureStrategicCommittee

NominationCommittee

AuditCommittee

Remuneration andEvaluation Committee

Board of directors

General meetingof shareholders

Board ofsupe®ïisors

2.1.1 Governance Architecture

In accordance with the Code of Governance for Listed Companies and No. 1 Self-regulato®ñ Guidelinesfor Listed Companies in the Science and Technology Innovation Board of the Shanghai Stock Exchange -Standard Operation, the company established a complete and e®ãective corporate governance structurecomposed of the shareholders assembly, board of directors and board of supe®ïisors and a corporategovernance mechanism with well-defined rights and duties and standard operation to effectivelyguarantee the fairness and scienti®êc nature of the company¡¯s governance decisions.

OrganizationNumber of meetings heldReviewed proposals / repo®îsShareholders assembly1´Î

57 proposals and repo®îs were deliberated,reviewed or heard; of which one was directly

related with ESG (ESG repo®î).Board of directors9´ÎBoard of supe®ïisors6´Î

The convening of meetings by our three internal bodies in 2023

Board of supe®ïisorsIt is composed of three supervisors, including one employee representative supervisor and onechairman of the board of supe®ïisors. The chairman of the board of supe®ïisors is elected by more thanhalf of all supervisors. The board of supervisors shall hold regular meetings to supervise and inspectthe pe®íormance of directors and senior managers and the legality and compliance of the company¡¯s®ênances with a responsible attitude towards shareholders, so as to safeguard the legitimate rights andinterests of the company and its shareholders.The management

The management shall pe®íorm their duties in accordance with relevant policies and regulations such asthe A®îicles of Incorporation, strictly implement the resolutions reached by the board of directors and theshareholders assembly, actively promote business development and internal management, and ensurethe sustainable and stable development of the company.

2.1.2 Independence and Diversity

The company takes full account of factors such as industrial experience, background, and gender of theboard members to ensure that the board composition is optimized and diversi®êed.The current board of directors is composed of 9 directors, including 3 independent directors and 3female directors. The current board members have professional capabilities and skills in industry,®ênance, economics, human resource management and other ®êelds, and all of them have rich industrialexperience and an excellent educational background. The diverse backgrounds and experiences ofboard members can provide di®ãerent perspectives and values for the company¡¯s strategic planning andbusiness development, enabling the various committees to assess issues from a broader perspective andmaximize the interests of all stakeholders.The appointment of independent directors can achieve the necessary check and balance for thee®ãective operation of the board of directors to ensure the board¡¯s leadership is independent from themanagement. The board of directors has appointed three independent directors, accounting for about

33.3% of the total number of board members. Depending on their professional expe®îise, they share their

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2.1.3 Remuneration and Assessment

The company establishes a performance review mechanism for the board of directors, regularlyevaluates the pe®íormance of its members to ensure the e®ãective governance of the board, strengthensthe responsibilities of the board of directors in ESG topics, sets the tone for the sustainable developmentof the company with strict ESG governance.The company adheres to the principles of ¡°remuneration based on pe®íormance and shareholder returns,adapted to personal responsibilities, contributions and performance, linked to the company¡¯s marketvalue and performance, and associated with sustainable development indicators¡±, and formulatesthe compensation and assessment schemes for all staff including directors, supervisors and seniorexecutives. Among them, ESG indicators shall not be less than 10% of the reward and annual salaryassessment, including the setting of key indicators and corresponding weights of major events such asenvironment, safety, society, governance, and ESG. The penalty points deduction system is adopted inthe assessment, and in cases of violation or dispute, the penalty points will be deducted.

2.1.4 Organizational Management Innovation

In 2023, the company completed the organizational reform of three systems and shifted to ®ìat, matrix,streamlined and digital management. Through internal innovation and regulated and standardizedoperation and coordination, all systems are linked up to form a process-based and customer-orientedorganization, so as to respond to market changes with agility, e®ãectively promote the construction ofvarious professional capabilities and guarantee the implementation of a ¡°seven-pronged strategy¡± withthe executive force at the organizational level. Centering around business growth, the company adoptslocalized management by matching organizational construction, regulations and policies worldwide.With a global outlook, the company is t®ñing to build cross-cultural management capability and respectand blend into local culture.

management, and internal risk control at the meetings of shareholders assembly, the board of directorsand special committees, so as to achieve internal check and balance and improve the scientific andprofessional decision-making of the board of directors. Independent directors shall not hold any positionother than directorship in the company.The company follows the international ESG governance concept in improving the diversification levelof the boards of directors and supervisors. The number of female directors increased to 3, whosepropo®îion increased to 33.3%, including 1 female non-independent director and 2 female independentdirectors. The company has appointed 1 female supe®ïisor, accounting for 33.3% of the total number ofsupe®ïisors.

¡ª¡ª¡ªDevelop an end-to-end value chain system and three systems based on Iron Triangle ProcessBusiness Closed-loop:

CustomerDemands

IntegratedProduct R&D

Integrated SupplyChain and Delive®ñProviding Customers-

oriented Solutions

Customer Se®ïice / Solutions

CustomerDemands

CustomerSatisfactionMarket System

Customer Manager

R&D SystemProduct Solution

Specialists

Delive®ñ System

Delive®ñ Expe®îs

Iron TriangleSystem

Ronbay Technology

MarketSystem

StrategyInvestment and

FinancingFunctional

Platform

BusinessPlatform

Marketing

Platform

Customer Demands

Customer satisfactionCentralResearchInstitute

New ProductDevelopment

EngineeringTechnology

Platform

Supply Chain

Platform

Manufacturing

Platform

Corporate

A®ãairs

BrandQuality, Environment andSustainable DevelopmentFinanceHumanRiskLegalAdministrat

Terna®ñ Positive Electrode Business DivisionSodium Batte®ñ Business Division

LMFP Business DivisionPrecursor Business DivisionEquipment Business Division

R&D System

Suppo®îing System

Delive®ñ SystemStrategy and Operation

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2.2 Compliance Management

2.2.1 Construction of Compliance Management

We are committed to working in a manner of compliance, integrity and honesty. Adhering to the bottomline of compliance is our requirement for eve®ñ employee.Our legal department is responsible for coordinating the construction of a compliance managementsystem. Based on the basic framework and general elements of a compliance management systemand aligning to the industry¡¯s best practice cases, we aim to establish a comprehensive compliancemanagement system taking into account of internal and external factors, the demands and expectationsof stakeholders, guided by the ¡°construction of corporate compliance culture¡±, with the ¡°organizational,operational and guarantee systems of compliance management¡± as the sub-systems and suppo®îed by¡°personnel, technology, institution and process¡±.

Operation MechanismGuarantee MechanismCompliance Management System

One SystemFive Mechanisms

Compliance Risk Identi®êcation andWarning MechanismConstruction of compliance managementinformation-based systemValuing compliance trainingFostering compliance cultureEstablishing the order of compliance repo®îingStrengthening compliance assessment and evaluationEstablishment of a professional and high-qualitycompliance management teamCompliance Risk Handling MechanismCompliance Review MechanismAccountability Mechanism for ViolationsAssessment Mechanism of ComplianceManagement System

Key compliance areas

Through the identi®êcation of compliance obligations and risks, seven key compliance areas are identi®êedby the company, including market transactions, safety and environmental protection, finance andtaxation, product quality, intellectual prope®îy rights, labor and employment and business pa®îners, withcompliance control measures developed.Key compliance linksThree key links are highlighted: in the link of institution formulation, we strengthen the compliancereview of regulato®ñ documents; in the link of operation decision-making, we strengthen the compliancece®îi®êcation of decision items; in the link of production and operation, we strengthen the supe®ïisionand inspection of key processes of production and operation. Meanwhile, we strengthen the compliancemanagement of the management, sta®ã on impo®îant risk positions and overseas personnel.

Market TransactionsSafety and Environment Protection

Finance and Tax

Business Pa®îners

Labor EmploymentProduct QualityIntellectual Prope®îy RightsSevenKeyFields

Highlighting major links

The links of institution establishment, operation decision-making and production & operationHighlighting three groups of key personnelThe management, personnel on positions with major risks, overseas personnel

Compliance management of overseas investment and operation

Abiding by the laws of the countries of investment and international rules; improving theregulations, systems and ®ìows of overseas compliance management, strengthening control andmanagement of overseas institutions; regular identi®êcation of overseas investment and operationrisks

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Compliance risk management mechanism

Through the closed-loop management of compliance risk so®îing, evaluation, control improvement andsupe®ïision, the company¡¯s capabilities in compliance prevention and control have been fully improved.

Compliance culture

The company has actively fostered a compliance culture, striving to integrate compliance awareness intoits core values, employees¡¯ pe®íormance assessment and daily behavior habits.The company has established a compliance training mechanism for various business areas andemployees, and launched publicity in various forms, so that the employees can understand thecompliance management requirements, recognize the value of compliance work, and fulfill thecompliance management requirements from top to bottom.

2.2.2 Overseas Compliance

Overseas compliance risksIn international operations, laws from di®ãerent jurisdictions may have di®ãerent compliance requirementsfor our business. Suspected violations of ethics, compliance or law may pose a material risk to ourbusiness or result in ®ênes and reputation damage.Compliance obligations and risk identi®êcationWe pay attention to ESG and compliance risks from the stage of pre-investment due diligence and siteselection, and take account of them in our investment decisions. We entrust a third pa®îy to manage andstudy overseas investment risks, and organize expe®îs in such aspects as taxation, legal a®ãairs, security,and environmental protection to conduct a comprehensive research on the projects, learn about thelaws and regulations and business environment of the countries or regions where our projects will belocated, assess the relevant compliance requirements, risks and challenges, and determine what rulesand regulations we need to obse®ïe and ful®êll the principle of responsible investment.We actively car®ñ out research on the rules of overseas investment and operation, and conduct in-depthresearch on national and regional laws, regulations and regulato®ñ requirements on foreign investmentadmission, labor and employment, tax administration, construction projects, anti-corruption andbribe®ñ, as well as multilateral and bilateral investment and trade agreements signed with the Chinesegovernment. During the repo®îing period, the compliance obligations were identi®êed in the EU¡¯s NewBatte®ñ Act, the EU Key Raw Material Act, the TCTF Assistance Act, and the IRA Act FEOC of the US toclarify the red lines and bottom lines and ensure the compliance of overseas investments and operations.

Compliance risk prevention and control

ccording to the results of overseas compliance obligations and risks assessment and the principle of¡°acting based on prevention beforehand and control during the process, and suppo®îed by remediation¡±,we have adopted preventive measures against compliance risks beforehand, set up a compliance reviewfor business contracts, rules and regulations and impo®îant decision-making links in various processesin overseas business, to achieve a complete coverage of compliance risk prevention ranging fromresearch to decision-making during the early stage of projects, from negotiation and contract signing tooperations.Based on the theo®ñ of inherent safety and risk assessment, we have established a set of global EHS(environment, health and safety) compliance guidelines along with our globalization strategy to ensurethat the company can comply with the corresponding regulations in di®ãerent countries and regions andreduce potential risks.

Compliance construction of JS base in South Korea

Compliance preparation for the European andAmerican markets

Case study

Case study

Key measures

1¡¢Follow up the trend of industrial norms and legislation in South Korea, and

prepare for the implementation of relevant industrial norms in advance;

2¡¢In terms of compliance in labor and employment, local lawyers are invited

to o®ãer consulting and training on the compliance considerations of labor andemployment, and compare the di®ãerences between China and South Korea;

3¡¢Analysis of overseas anti-corruption compliance risks.

Main results

1¡¢A repo®î on the interpretation of South Korea¡¯s economic policy;

2¡¢Analysis of labor and employment compliance risk control points in South

Korea;

3¡¢Evaluation of the applicability of the oversight and management system

overseas.

Key measures

In-depth research on construction projects, site selection, and environmentalsafety related permits in Europe and AmericaMain resultsManagement of overseas project investment risks beforehand

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Compliance training for the US marketCase study

Key measures

The ®êrst phase: corporate governance training was attended by about 30personnel of our legal a®ãairs division, risk control and American o®æce;The second phase: Californian labor law training was attended by about 20personnel of our HR, legal a®ãairs divisions and American o®æce.Main results

Improving our ale®îness against overseas compliance risks and activelyresponding to changes in the overseas business environment.

Compliance trainingTo strengthen the compliance of our overseas investment companies and avoid the compliancerisks of appointed personnel, we organize overseas compliance training for the directors, executivesand employees appointed by us, take their fulfillment of compliance management duties as animpo®îant factor in their job appraisal, require overseas companies to regularly repo®î their compliancemanagement, and inspect overseas compliance management regularly or irregularly.

2.3 Internal Control and Risk Management

2.3.1 Internal Control Evaluation

In strict accordance with the Company Law of the PRC and Basic Regulations for Internal Control of theCompany and supporting guidance, the internal control regulatory requirements of China SecuritiesRegulatory Commission and the Shanghai Stock Exchange, and based on the characteristics of theindust®ñ, the company¡¯s actual operation conditions and management requirements, Ronbay has set upan internal control system covering the operation and management of various functional depa®îments,three systems and each branch and subsidia®ñ, and ensured its e®ãective operation.Our internal control system has covered corporate governance, institutional setting and assignment ofauthority and responsibility, risk control and internal audit, human resource management and all otheroperation links, without major omissions, which can e®ãectively prevent, uncover and correct the majorrisks and associated problems in our operation and management, to reduce our management risk.During the repo®îing period, we organized internal control evaluation around such factors as the internalcontrol environment, risk assessment, control activities, information and communication and internalsupervision in accordance with Basic Regulations for Internal Control of the Company and ISO31000Risk Control Standard and our internal control system and evaluation standards, under the principles

of legitimacy, comprehensiveness, importance and objectivity. There are no major omissions in thedepartments, businesses and matters included in the scope of evaluation, as well as in our high-riskareas.During the reporting period, the company¡¯s management results and risk control evaluation resultsshow that our internal control system is well designed and e®ãective pe®íormed, with a stable internalcontrol system. We have established a systematic, comprehensive risk prevention and control system,which can e®ãectively guarantee the legality and compliance of our operation and management and thetruthfulness, correctness and completeness of our asset safety, ®ênancial repo®îs and related informationto ensure that the company runs normally and supports the fulfillment of our development strategy.According to the identi®êcation of major defects in our internal control, on the base date of the internalcontrol evaluation repo®î, there were no major defects of internal control in our ®ênancial repo®îs and non-®ênancial repo®îs.

2.3.2 Risk Management System

In order to fully monitor and regulate our risk issues, we launched the construction of a comprehensiverisk management system, regularly identi®êed and assessed various risk issues, con®êrmed the risk areas tobe managed in priority, such as engineering construction risks, investment and merger risks, environmentand security risks, pe®íormed risk assessment, and developed measures and strategies against the risks.We followed up, monitored and repo®îed the implementation and execution of each measure on a weeklybasis. By doing so, we¡¯ve achieved a close-loop risk management mechanism involving ¡°identi®êcation,assessment, so®îing and response, monitoring and repo®îing¡±.

The principals of divisions and business units are the prima®ñperson in charge of internal control, who have establishedinternal control awareness and capabilities in daily business.Implementing the responsibility system, the principals ofdivisions and business units have to assume the responsibilityfor internal control and risk-based regulation and solve 95% ofthe risks in daily operations.

FirstDefence Line

Principals of Divisions and

Business Units

Focused on the process, they are assistants to the businessmanager, who help the business manager to manage business,discover and address problems through effective improvingmeasures in a close loop. The role of corporate diagnosticsdepartment and information security department is to helprealize business management in daily operations.

Corporate DiagnosticsDepa®îment and InformationSecurity Depa®îmentSecondDefence Line

The oversight and omission of the first defence line will besupe®ïised and reviewed at the second or third defence lines,which can establish a deterrent force and ®êx the loopholes.Audit Depa®îmentThirdDefence Line

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For key risk areas, we have released related regulations such as Regulations on Litigation Management,Regulations on Contract Management and Regulations on Investment Risk Management to constantlyimprove our risk management system.

Geopolitical risks? Addressing external risks (special researchon policies, interpretation of political andeconomic situations)? Construction of external expe®î database

Transnational operation andcultural risks? Establishing and improving the internaloperation management system? Su®ïey and implementation of overseasemployment policies? Su®ïey and implementation of overseas taxpolicies? Dealing with overseas fund-raising andexchange gain or loss

Engineering construction risks? Construction of engineering project

management system? Budget and settlement of engineering

costs? Supe®ïision and inspection of engineering

projects

Investment and merger risks

? Construction of investment managementsystem? Formalization of pre-investment risk controlprocess for investment projects? Construction of post-investment

management standardization process forinvested enterprisesCustomer development risks

? Strategic project management for overseascustomers development? (Project objectives, progress and milestonemanagement)

Environmental protection safetyrisks? Construction of sustainable development

system? Su®ïey and research of overseas

environment protection policies? Construction of green and carbon-free

factoriesIntellectual prope®îy risks? Establishing a robust intellectual prope®îymanagement system? Guaranteeing the e®ãective implementation ofthe intellectual prope®îy management system? Litigation management of intellectualprope®îy infringement cases

Information security risks

? Establishment and improvement of

information security management system? Deployment of con®êdential and information

protection system? Deployment of business continuity and

disaster recove®ñ system

Strategic management risks

? Construction of strategic project management system? Progress management of strategic projects? Pe®íormance assessment of strategic projects

Our risk prevention and control pe®íormanceYear202120222023Number of risk control audits483018Number of problems re®ìected by the audits7543129

Number of risk control training sessions0´Î4´Î2´ÎAudit coverage rate (among our bases)80%71%75%

In addition, we have established an intelligence information collection and diagnosis system to analyzeand judge external environmental trends such as hot issues, emergencies and market fluctuations athome and abroad, and we have worked with our business divisions to develop risk control plans forabnormal events, e®ãectively monitor and respond to risks, and avoid and control crises and negativeimpacts.We attach great impo®îance to the cultivation of risk control awareness among our sta®ã and employeesin various forms, such as face-to-face lecturing, online classes, and publicity videos, to promoteand publicize our basic theory, architecture and methods of internal control group-wide to enhancethe recognition and acceptance of our senior management and grassroots employees towards theconstruction of our risk control system and implement the risk control concept in our daily operations.

2.4 Business Ethics

2.4.1 Integrity System

We have always adhered to the core concept of ¡°zero tolerance for corruption¡±, requiring all our sta®ã andemployees to strictly abide by business and workplace ethics and resolutely resist all types of violationsand corruption, with the aim of create a working atmosphere of ¡°compliance, integrity, honesty, health,positivity¡±.Construction of an integrity systemWorkplace integrity is a basic requirement for all our staff and employees. In order to promote anoccupational spirit of integrity and responsibility among our staff and employees, we formulated theOversight and Governance Regulations and Accountability Regulations for Supe®ïision Cases in 2023.Based on existing regulation documents such as Regulations on Workplace Integrity, Regulations onPresents and Cash Gifts, Regulations on Whistle-blower Rewards and Honest and Clean CooperationAgreement, the construction of our regulations on integrity management was perfected. Second, wede®êned the types of bad behaviors that our sta®ã and employees of di®ãerent positions and functional

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lines should t®ñ to refrain from, graded the violations of rules and disciplines, and clari®êed our supe®ïisionprocedures. We have improved a series of provisions on the accountability of supervision cases, andimplemented the principle of ¡°taking lessons from the past and avoiding future mistakes, helping othersby providing guidance and assistance.¡±Integrity supe®ïision mechanismWe have established a multi-channel fraud and corruption reporting and inspection mechanism, anddone a series of work, such as fraud and corruption clues receiving, clues analysis and judgment,handling of cases, evidence collection and fixation, and disciplinary actions. We conduct group-wideworkplace integrity audits and inspections on an irregular basis, while encouraging internal and externalstakeholders to supe®ïise our integrity management.During the reporting period, the company identified a number of corruption cases, such as ¡°privatebribery acceptance, embezzlement, and infringement of trade secrets¡±, which greatly deterred thosecadres and employees that failed to meet the compliance requirements, and enhanced our integrityculture and ethical workplace atmosphere. Our pe®íormance in integrity supe®ïision during the repo®îingperiod is as follows:

Depa®îure audits of employees on

sensitive positions

Number of personnel handled for

fraud

Retrieved lossIn 202315 person-times

Internal personnel: 7 person-times

Direct retrieved loss of 4.701 million

yuanExternal personnel: 5 person-times

Retrieved loss of shares: 247,416

shares

Our pe®íormance indicators in business ethics constructionYear202120222023Signing rate of letter of commitment on integrity

among our sta®ã and employees

100%100%100%Coverage rate of business ethics training100%100%100%

Construction of integrity cultureWe have integrated integrity culture into our business philosophy and organized integrity publicity,education and training among all our sta®ã and employees. During the repo®îing period, three workplaceintegrity publicity sessions were launched group-wide, with a coverage of 100% in business ethicstraining for new employees. In addition, we require all employees to sign the ¡°Letter of Commitmenton Employee Integrity¡±, which has been signed by 100% of our sta®ã and employees to create a workingatmosphere for ¡°combating corruption and upholding integrity¡±.

Integrity management of our pa®îners

On the basis of strengthening our own integrity and compliance management, we have paid highattention to the business ethics pe®íormance of our pa®îners such as suppliers. We have formulated theCode of Conduct for Suppliers, and required all our pa®îner suppliers to sign the Letter of Commitmenton Integrity and Compliance of Suppliers, so as to prevent suppliers from disrupting fair marketcompetition with behaviors such as bribe®ñ and unfair related pa®îy transactions. During the repo®îingperiod, 953 suppliers signed the said letter of commitment.

2.4.2 ¡°Whistle-blower¡± System

We have established a ¡°whistle-blower¡± management system for uncovering problems such as violationsof law and discipline to ensure the legality and compliance of our operations. We encourage and arousethe initiative of internal and external personnel to uncover and report ¡°improper practices¡± or otherviolations of laws and regulations that may appear in the company by setting up multiple whistle-blowing channels online and offline and improving the mechanism of ¡°bottom-up pressure¡±, so as toexpose the various incorruption practices in our operation and management and e®ãectively guaranteeour compliance management and orderly development.Whistle-blowing sources: emails, phone calls, WeChat accounts; types: violations of discipline and fraud.During the repo®îing period, a total of 4 whistle-blower cases were received through our whistle-blowingmechanism, 2 of which have been handled, with a completion rate of 50%.? Tel and Wechat: 150 5742 6133 (Wechat account: Ronbay Clean Practice)? Whistle-blowing email: jubao&ronbaymat.com;? The company¡¯s WeChat: whistle-blowing and complaint;? Whistle-blowing QQ: 2140 436 461;? Mailing address: The Supe®ïision Depa®îment of Ronbay Risk Control Center, 39Tangjialing East Road, Yuyao, Zhejiang.

Whistle-blower protectionWe will never tolerate any form of retaliation against whistle-blowers. In order to gain the trust of thewhistle-blowers and enhance the willingness of the whistle-blowers, we have ®êrmly upheld the principleof ¡°protecting the whistle-blowers¡± and taken a series of protection measures, including: specialpersonnel assigned to accept and investigate the clues, minimizing the number of insiders, and strictlyprohibiting the disclosure of repo®îed content and the personal information of the whistle-blowers.

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2.4.3 Protection of Trade Secrets

Trade secrets are one of our important assets, which play a vital role in maintaining our competitiveadvantages and ensuring our long-term development and market position.Con®êdentiality system and measuresWe have established a strict internal con®êdentiality system to ensure that all employees understand andcomply with it. Without approval, the business secrets such as product plans, prices, business strategy,other technical information and business information accessed during work may not be disclosed to theoutside world or other employees who have no right to be informed for any reason or in any form. Wehave established a corporate culture of protecting trade secrets to make eve®ñ employee safeguard thesecrets consciously.

Our protection measures for business secretsBusiness secretprotection training

Enhance the awareness of con®êdentiality among our employees to ensure that they know

how to correctly handle business secret information and know the legal consequences of

disclosing such secrets.No Disclosure Agreement

(NDA)

Sign an NDA with our employees, pa®îners, suppliers and other third pa®îies, or introduce

con®êdentiality clauses into our contracts to specify the con®êdentiality obligations and

liabilities for breach of contract.Control with technicalmeasures

Apply such means of technology as enc®ñption technology, access control system, and

network security solutions to protect our business secret information during storage and

transmission, including the classi®êcation of sensitive information, storage, access control

and security measures during transmission of such information.Intellectual prope®îy protectionWe have established and implemented the principles forintellectual property protection, ¡°protecting innovation fruits,strengthening product competition, respecting intellectual rightsand interests and achieving commercial success¡± with a strategicgoal to establish ¡°our global intellectual property advantages¡±by constantly optimizing and perfecting the construction ofour intellectual property system and regulating the creation,management, application and protection of our intellectualproperty rights such as patents, trademarks, business secrets,copyrights and software copyrights.We are engaged in global intellectual property related work asper domestic laws and regulations such as the Patent Law of thePRC, the Anti-Unfair Competition Law of the PRC and the Guideto Intellectual Property Management of Industrial Enterprises

and international laws and regulations such as the Paris Convention, the Patent Law of the South KoreaPatent O®æce, the Patent Law of the US and the Patent Law of Japan. We have passed the ce®îi®êcation ofEnterprise Intellectual Prope®îy Compliance Management System - GB / T29490, and actively promotedthe Innovation Management - Intellectual Property Management - ISO56005. We have enacted theSystem of Patent Application and Approval and Reward and Punishment, and developed the measures ofreward and punishment for intellectual prope®îy protection.In 2023, we were continuously awarded ¡°National Advantaged Enterprise in Intellectual Prope®îy¡± and¡°Demonstration Enterprise of Intellectual Prope®îy in Zhejiang Province¡±.Starting from our business strategy, we have achieved patent portfolios by applying for patents in atimely manner, selecting the right regions and protection scope, and adopting a patent layout strategy,which not only safeguards our products and technologies, but also builds a legal barrier against externalchallenges. Through the hierarchical and classi®êed management of intellectual prope®îy fruits such aspatents, we have strengthened their commercialization and application to empower our products andmarkets. We have accelerated the patent grant cycle and ensured the quality of our patents by makingfull use of the domestic patent fast-track pre-examination system and priority review system.We have set up a team for intellectual prope®îy dispute handling and patent operation, composed of theintellectual prope®îy depa®îment of the group, the intellectual prope®îy lawyers of professional law ®êrmsand the professionals of intellectual prope®îy agencies. The team insists on safeguarding our legitimaterights and interests with professional intellectual property related work, actively dealing with patentdisputes and safeguarding our intellectual prope®îy rights and interests.

Since 2019, Umicore Company and South Korea Umicore Co., Ltd. (hereinafter referred to asUmicore) have launched intellectual prope®îy lawsuits and trade investigations against RonbayTechnology¡¯s NCM lithium positive electrode material products in China and South Korearespectively.During the repo®îing period, after the expe®î conclusion of the domestic S85E product lawsuitwas released, Umicore withdrew the lawsuit; in the S6503 product lawsuit, the original judgmentof the Supreme Cou®î was upheld, which rejected and ended the appeal of Umicore. In SouthKorea, we managed to nullify the similar South Korean patents involved in S85E, and the tradeinvestigation of the South Korea Trade Commission initiated by Umicore was terminated.The related invalid cases were also terminated after Umicore took the initiative to withdraw theappeal. Since then, the patent dispute between Ronbay Technology and Umicore for more thanfour years has been concluded. It indicates that the company has the technology leadership andthe R&D independence in the ®êeld of NCM lithium positive electrode materials, with independentintellectual prope®îy rights, which provides the necessa®ñ intellectual prope®îy guarantee for usto continue to expand the global market.

Umicore litigation protectionCase study

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2.4.4 Information Security and Privacy Protection

Information securityIn order to implement the requirements of the globalization strategic layout, quickly respond to theglobalization and development of our business, we developed information security managementcapabilities for the era of globalization.Strictly obse®ïing the information security related regulato®ñ guidance, we analyze the laws and regulationsand security certification requirements in the field of information security in countries and regions such asJapan, South Korea, America and Europe. Based on our business globalization scenarios, we have ®ênished acompliance risk repo®î, an insight repo®î on the information security quali®êcations and requirements of theglobal new energy automobile industrial chain, a general scheme for global network and information securityconstruction and a feasibility analysis repo®î on the globalization of information system.During the repo®îing period, we focused on the group¡¯s information security diagnosis and constructionplan upgrading. For all bases and the core information system, we carried out comprehensive diagnosisand rectification of information security, started with the security technology means and the bestindustrial practice, and based on the globalization compliance research results in the ®êeld of informationsecurity, upgraded our information security construction planning and path for 3-5 years.Construction domainWork itemConstruction content and e®ãectiveness

Information securitymanagement

Information securitysystem construction

Six core systems have been enacted, ¡°Administrative Regulations onPersonnel Information Security¡±, ¡°Administrative Regulations on TerminalSecurity¡±, ¡°Administrative Regulations on Information Security Monitoring¡±,¡°Administrative Regulations on Information Security Audit¡±, ¡°AdministrativeRegulations on Information Security Test¡±, and ¡°Administrative Regulationson File System¡±, which have been translated into Korean and introduced intooverseas bases.Information securitytraining system

Completed the construction of an information security training system, andrealized the training of information security awareness, laws and regulationsfor all employees.

Information securitytechnology construction

Terminal securityDeployed the group¡¯s uni®êed desktop management platform.

Data security

Deployed the terminal data encryption management platform, unifiedthe document management system, and established a global data lossprevention mechanism.Network security

Combined with SD-WAN and cloud networking technology, the group built aglobal wide area network, deployed the second-generation ®êrewall, IDS, IPS,Internet access management and other devices, and established a safe VPNchannel.

Information securityoperation and construction

Information securitydiagnosis

Completed the information security diagnosis for 11 bases (including SouthKorea) and 18 core IT systems (including SAP), and a total of 279 problemswere identi®êed and recti®êed.Deepened informationsecurity constructionpath

Established three construction domains, namely ¡°information securitymanagement, information security technology, information securityoperation¡± and 34 construction tasks.Digital and informationsecurity moduleoverseas complianceresearch

Promoted special research on overseas compliance of information security,and optimized information security solutions, network construction planningand IT deployment schemes

We have carried out normalized operation on modules such as security risk identi®êcation, supe®ïision, andaudit, realizing the rapid warning before an abnormal information security event, interception during theevent, and log tracing after the event.During the repo®îing period, our headqua®îers and subsidiaries conducted 6 internal information securityaudits and 1 third-pa®îy information security audit; continuously investigated the use of personal computers,and identi®êed 2 violations; continuously pe®íormed information security audit upon depa®îure among 168employees, with 4 violations identi®êed, and the risks eliminated before their depa®îure.For the violations, we punished and held accountable those responsible in accordance with our regulations.Privacy protectionIn our daily operation, we may have to collect and handle the personal information of visitors, partners,employees and customers, covering business scenarios such as personal information collection and useand sharing entrusted by third pa®îies. We t®ñ to regulate privacy protection and data security under theprinciples of ¡°minimizing the necessity of data collection¡±, ¡°maximizing the users¡¯ right to know and decide¡±and ¡°safeguarding security in all aspects¡±.We strictly abide by the related laws and regulations on data security and privacy protection at home andabroad, such as the Law of the PRC on Data Security, the Law of the PRC on Personal Information Protection,Regulations on Data Exit Security Evaluation, the Law of South Korea on Personal Information Protectionand other regulato®ñ guidelines of the countries where our business is located, interpret the risk warning ®êlesreleased by regulators, follow up on the dynamics of privacy protection events and external warning andidentify and resolve the risks in privacy protection and data compliance in time.When we entrust se®ïice provider to handle data, we require them to con®êrm the purposes, deadline, howto handle it, types of personal information, protection measures and rights and obligations of both sides inthe contract terms, and ensure that the third pa®îy understands and agrees to abide by these terms andapplicable laws and regulations, to reduce the risks of data leakage and abuse.During the repo®îing period, the company had not been punished by relevant depa®îments for violations oflaws and regulations related to information security and privacy protection.

Personal information protection of our facto®ñin South Korea

Case study

Key measures

1¡¢A third-pa®îy consulting company was invited to conduct research on the Personal

Information Protection Law (¡°PIPA¡±) and other laws, and optimize the business processes ofour facto®ñ in South Korea, including human resources and logistics, based on the researchresults.

2¡¢Adhering to the principles of legality, legitimacy and necessity in collecting personal

information.

3¡¢For personal sensitive information, all individuals concerned have been informed of

purpose and use of such information, and personal consent has been obtained.

Main results

Ensuring personal privacy was fully protected in the collection, use, storage and transmissionof personal information.

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Building Competitivenessin Globalization Delive®ñwith Innovation

Customer priority

Response to all complaints - an o®æcial reply to our customers within 24 hours, with a customercomplaint settlement rate of 100%In 2023, our average customer satisfaction degree reached 96.8%, without any product recallevent.Innovative R&D

Continuous e®ão®îs were made in the four aspects of the construction of our R&D system, withan R&D investment of 354.2445 million yuan.Strengthened our competitive advantage in high-nickel materials, and deployed in theinnovative R&D of LMFP and sodium batte®ñ materials.In 2023, 357 applications for patents were submitted, and 110 patents were granted.Pa®îicipated in the formulation or revision of 5 national standards, 1 indust®ñ standard and 5group standards.

Responsible procurement

In 2023, the scope of our sustainable supply chain management gradually extended tocover contents such as product carbon footprint, recycling materials and corporate socialresponsibility management, while introducing the RBA code of conduct.Sustainable supply-implemented the green procurement projects with closed-loop recycling toform a complete industrial closed-loop, ensure the recycling of raw materials without loss, sothat the use of recycling materials accounted for 7-8% of all raw materials used by us.Adhering to the concept of ¡°becoming the strongest, working with the strongest on the basisof coexistence and blend¡±, we established a comprehensive strategic pa®înership with Nio andEVE Energy in 2023.Lean quality

Eight major bases all passed the ISO 9001 and IATF 16949 quality control system ce®îi®êcationThe annual quali®êcation rate of shipment batches was 99.999%, and no complaint above gradeC was received.¡°Three Never Policy¡± for the management of hazardous matters-never accept raw materialscontaining hazardous matters, never manufacture products containing hazardous matters, andnever ship products with hazardous matters exceeding the standard.

3.1 Become a Pa®îner Preferred by Customers

3.2 Leading Core Competitiveness in R&D with Innovation

3.3 Responsible Procurement

3.4 Advanced Manufacturing and Lean Quality

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Customer se®ïice mechanism

Ronbay Technology is committed to providing customers with standard se®ïices and stable and reliablesolutions. During the reporting period, the company released documents such as ¡°ManagementFlow of Customer Demands¡±, ¡°Control Procedure for Customer Demands and Contract Review¡± and¡°Administrative Regulations on Sales Contracts¡±, launched the customer relationship management(CRM) system to transfer domestic and foreign customer management of countries and regions such asChina, South Korea, the United States, Japan and the European Union to the online platform, so as toachieve traceable customer information, visual sampling ®ìow and standardized and information-basedmanagement of internal sales orders control, improve the full cycle of customer service managementmechanism, and optimize the customer se®ïice experience.Customer complaint handling mechanismRonbay attaches great importance to the protection of customers¡¯ rights and interests, and hasestablished a complete set of customer complaint acceptance, processing and feedback handlingprocedures. During the repo®îing period, we revised documents such as the Customer Se®ïice ControlProcedure, and Administrative Regulations on Customer Satisfaction, improved the customer servicestandardization requirements and product recall mechanisms, and conducted all-round customersatisfaction surveys to ensure the timeliness, fairness and smoothness of our customer complaintchannels.In order to ensure that all customer complaints can be handled quickly and effectively, we perfectedthe division of labor and responsibilities among each department handling customer complaints andour complaint classification and handling standards, established our standard for response and replyto customer complaints in 24 hours, and provided a timely insight into customer feedback and a moree®æcient response to their demands. Whenever it was necessa®ñ, we would organize a special session orpay a visit to our customers to avoid similar customer complaints and continuously improve our productsand se®ïices. During the repo®îing period, the handling rate of customer complaints was 100%.Product recall mechanismWe have set up a three-level product recall system to provide customers with a full range of qualityassurance. When any defective goods are identi®êed, we will immediately notify the customers and launchthe recall mechanism according to the urgency of the event to minimize the loss of customers. During therepo®îing period, no product recall events took place.

3.1 Become a Pa®îner Preferred by Customers

3.1.1 Customer Se®ïice

Ronbay Technology is committed to becoming a leader in high quality products and customer se®ïice inthe indust®ñ. Adhering to the ¡°customer-centered¡± se®ïice concept, we t®ñ to understand and meet thedemands of our customers in all aspects, improve the customer satisfaction with our se®ïices and thee®æciency of our response to their demands.

3.1.2 Customer Satisfaction

Customer Satisfaction Questionnaire

96.69

2021

96.10

2022

96.80

2023

Ronbay Technology carries out customer satisfactionsurvey every year from perspectives such as productpercent of pass, timely delivery rate, and responseto customer complaints. By quantifying customersatisfaction, we analyze our current shortages andorganize relevant departments to address thesesho®îages in time. During the repo®îing period, accordingto the weight analysis of the monthly and annualcustomer satisfaction su®ïey results in 2023, our averagecustomer satisfaction degree reached 96.8%. In 2023, wewere honored as an outstanding brand of lithium batte®ñmaterial and technology in the ¡°OFweek Cup¡± and abrand most well-received by the users.

3.2 Leading Core Competitiveness in R&D

with Innovation

3.2.1 Construction of R & D Platform and System

Concept and goals of R&D

Innovation is the primary driving force of the new energy industry. We uphold the R&D concept of¡°respecting knowledge and cherishing talents, continuous innovation, customer orientation, opennessand cooperation¡±. Suppo®îed by our ¡°global R&D layout, e®æcient R&D system, and competitive talents¡±,we have stepped up our effort in scientific research and innovation and mining of innovative talents.While deepening our advantages in high-nickel material, we keep expanding our presence in newmaterials and technologies, deploying the intellectual property rights of our industrial chain, so as tobecome a leader in the cutting-edge technology of the global new energy material indust®ñ and providea strong technical suppo®î for the globalization of our business.Ronbay has set its innovation and R&D goals for the next 10 years:

? Leading in terna®ñ positive electrode indust®ñ and breakthrough in the di®ãerentiation of precursortechnology;? Leading in positive electrode technology indust®ñ and di®ãerentiation of precursor technology;? Leading in positive electrode /precursor technology, and corner ove®îaking in negative electrode /di®ãerentiation of recycling;? Globally leading in new energy technology 44£ü

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R&D platform layoutDuring the repo®îing period, the international deployment of our R&D platform was smoothly advanced,and significant progress was made in the construction and preliminary preparation of several R&Dcenters. The prelimina®ñ work of Hubei New Energy Technology Research Institute has been basicallycompleted, and the project construction is progressing steadily, which is expected to be o®æcially putinto use in 2025; key tasks such as the preliminary planning demonstration, technical analysis anddemonstration, and operation and management plan of our R&D center in South Korea have beencompleted, and the project will be advanced at a faster pace later. Our R&D centers in the United Statesand Europe have ®ênished the site selection demonstration. Our R&D platforms in Beijing and Shanghaihave entered the stage of early planning.Construction of R&D system

On the basis of our global R&D layout, our Central Research Institute has actively innovated and exploredto perfect the construction of our innovation and R&D management system with a strategic goal to¡°become a high-tech company with the highest commercial values in the global ®êeld of batte®ñ¡± andaround four pa®îs, namely ¡°development process system, frontier research system, talent developmentsystem and intellectual property system¡±. During the reporting period, we have continuously exertedefforts on the four aspects of the construction of our R&D system by increasing our investment andworking carefully to establish an R&D platform suppo®îing our products to be renewed and upgradedand ensuring our industrial leadership in terms of product technology.

Developmentprocess

Integrated Product Development con®êrms the framework and content of productmanagement and establishes the business ®ìow of cross-functional depa®îments.It integrates the main activities required by product packages and ensures theful®êllment of milestones in the plans, delive®ñ and life cycle of projects.

Talentdevelopment

Launching indust®ñ-academy-research cooperationImplementing the ¡°Hundred Talents Program¡± to introduce talentsBuilding post-doctoral workstationsIntellectualprope®îy system

Aligned to objective law, laws, policies and standards in fully building our intellectualprope®îy management systemPassing the ce®îi®êcation of intellectual prope®îy management system

Frontier research

system

5V spinel:In the Mn rich system, lithium ions can be all involved in the electrochemicalreaction, with distinctive cost advantages;Lithium-rich positive electrode:it can be cobalt-free system, with lower toxicity,environment-friendly and with low costs, satisfying diverse application scenarios andrequirements.Solid state batte®ñ:based on the batte®ñ electrochemical system, covering the entireR&D process ranging from materials to electrode plate to batte®ñ cell technology

We attach great impo®îance to the deployment of R&D quali®êcation. The company has maintained thehonora®ñ title of a national high-tech enterprise all the year round. Our Central Research Institute wasawarded as a National Enterprise Technology Center in 2023, and has set up a post-doctoral workstation.It was also the Enterprise Engineering (Technology) Center of Ningbo and the Key Enterprise ResearchInstitute of Ningbo in 2023.

3.2.2 Innovative and R&D Achievements

We continue to enrich and expand our R&D team, increase R&D investment, and car®ñ out R&D activities,having made signi®êcant achievements in such aspects as product innovation, R&D patents, and indust®ñstandards. During the repo®îing period, our investment in R&D reached 354.2445 million yuan.Our R&D investment during 2021-2023:

R&D investment / year202120222023R&D investment (ten thousand yuan)35,950.26 48,655.4335,424.45

R&D achievementsSince its establishment, Ronbay Technology has been focusing on the new energy indust®ñ and deeplyengaged in the research and development of batte®ñ positive electrode materials and precursors. Thecompany takes the indust®ñ-leading IPD R&D model as the core, oriented around customer demands,and regards customer demands as the direction of our development. We take and manage productdevelopment as an investment project. Through cross-department collaboration, we have achievedefficient product iteration and upgrade. Now, we further strengthen our advantages in high nickelmaterials, while accelerating our deployment in the innovation and R&D of LMFP and sodium batte®ñmaterials, effectively reducing the use of nickel, and maintaining our leading innovative technology.Our main core technology covers related materials such as lithium / sodium batte®ñ positive electrodematerials, precursors, recycling of resources, engineering equipment technology and solid-statebatteries. Meanwhile, we have made breakthroughs in the development of positive electrode materialswith high capacity and high safety and the preparation technology of these materials. 46£ü

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Product and technology innovation

Development of high nickel positive electrode withan excellent comprehensive pe®íormance

Case study

Case study

Positiveelectrodeinnovation

1. Ultra-high nickel polyc®ñstalline products with a high capacity, a low cost and low

impedance;

2. Ultra-high nickel monoc®ñstal products with a high capacity, a low cost, and an

excellent high-temperature cycle pe®íormance, which have been accepted by ourkey customers;

3. Medium and low-nickel products with a low cost and a high voltage that have

been put into mass production for the customers.Precursorinnovation

1. 8 series small pa®îicle precursors have achieved the process ®ênalization and mass

production;

2. 9 series precursors with the characteristics of a high capacity, a long cycle life;

3. Ultra-high nickel precursors have an excellent pe®íormance in such aspects as

capacity and high-temperature cycle.

Technicalinnovation

1. Our preparation technology in high-nickel large monoc®ñstal with a high density

and high thermal safety, recognized by our major customers worldwide;

2. The preparation technology of high-quality nickel positive electrode with a high

capacity and high cycle stability suitable for sul®êde all-solid-state batte®ñ has been

recognized by major customers at home and abroad;

3. Our preparation technology for lithium-rich manganese based positive electrode

materials with a low cost, a high capacity and a high density has been recognized

by our major customers at home and abroad.

Keymeasures

Established the relationship between the organizational form and structure, ion

mixing, lattice oxygen release and electrochemical prope®îies of terna®ñ materials;

Achieved the balance of ion and electron composite conductive network of the

inte®íace bu®ãer layer, and analyzed the mechanism of free lithium and bu®ãer layer

in situ.Main resultsIncreased batte®ñ energy density

Product patentsRelying on our outstanding capabilities in scienti®êc innovation and indust®ñ mergers and acquisitions, wehave mastered a number of core technologies of the indust®ñ. During the repo®îing period, we refreshedour record in the grant of invention patents, with another 357 patent applications submitted by us and110 patents granted. Through a comprehensive and e®ãective global patent layout strategy, we¡¯ve builtup a ¡°moat¡± for our technologicl innovation.Thus far, we have submitted 961 patent applications and won 450 patents at home and abroad. Thescope of our patent protection covers cutting-edge products such as spinel nickel manganese, lithium-rich manganese base, solid state battery materials, and key products such as high nickel 8 series, 9series terna®ñ precursors and positive electrode materials, covering engineering equipment, monitoring,recycling, as well as upstream and downstream ®êelds of the indust®ñ chain such as electrode sheets andbatteries.Accumulated patents2021Äê2022Äê2023ÄêInvention applications125261492Invention patents granted6072104Applications for utility models122343469Utility models granted81274346 Note: Four utility models and two invention patents expired in 2023

Monoc®ñstal size of terna®ñ materials increasedwith innovationCase studyKeymeasures

Introduced new elements to realize the anode and anode ion co-doping, optimizethe size of monoc®ñstal pa®îicles, and improve the pa®îicle strength;Optimized the sintering process to e®ãectively solve technical problems such asincreased defects and brittleness.

Main results

E®ãectively promoted the high nickel monoc®ñstal purity and application market ofhigh nickel materials in high voltage, improved the pe®íormance of traditional liquidbatteries and solid state batteries.

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Standard preparation

Ronbay Technology focuses on the increase of material varieties and the improvement oftechnical capacity in the new energy industry, and constantly promotes the standardizationof the new energy materials industry. At present, we have participated in the formulationor revision of 5 national standards, 1 industry standard and 5 group standards, and havebecome an active participant in promoting the technological progress and development of theindustry.Serialnumber

Standard title

Standardnumber

Type

The centralized management

organization

Classi®êcation

1Lithium cobalt oxides

GB/T 20252-

2014

Nationalstandard

The National TechnicalCommittee for Standardization

of Nonferrous Metals

Product

High-temperature pe®íormancetest method in the electrochemicalpe®íormance test of lithium batte®ñ

positive electrode materials

GB/T 43092-

2023

Nationalstandard

The National TechnicalCommittee for Standardizationof Nonferrous Metals

Method

Test method for powder compressive

strength

GB/T 43091-2023

Nationalstandard

The National TechnicalCommittee for Standardization

of Nonferrous Metals

Method

The ®êrst discharge speci®êc capacityand charge-discharge e®æciency in theelectrochemical pe®íormance test of NMC

batte®ñ

GB/T 43093-

2023

Nationalstandard

National TechnicalCommittee on Color MetalsStandardization

Method

Magnetic foreign body and residual alkali

test of positive electrode material of

lithium ion batte®ñ

GB/T 41704-2022

Nationalstandard

China Nonferrous MetalsIndust®ñ Association

Method6NCA

YS/T1125-2023

Indust®ñstandard

The National TechnicalCommittee for Standardization

of Nonferrous Metals

Product

Electrical pe®íormance requirements and

test method of sodium ion batteries

T/DZJN 206-

2023

Groupstandard

China Electronics and EnergySaving Technology Association

Method

Safety pe®íormance requirements and

test method of sodium ion batteries

T/DZJN 207-2023

Groupstandard

China Electronics and EnergySaving Technology Association

Method

Quality grading and evaluation of non-ferrous metal processed products

T/CNIA0126-2021

Groupstandard

The National TechnicalCommittee for Standardization

of Nonferrous Metals

Management

Technical speci®êcations for cascadeutilization of energy storage on power

consumer side

T/ACEF 025-

2021

Groupstandard

Group Standard Committeeof China EnvironmentalFederation

Management

Technical speci®êcations for green designproduct evaluation: lithium ion batte®ñ-

multicomponent composite materials

T/DZJN112¡ª2022

Groupstandard

China Electronics and EnergySaving Technology Association

Management

3.2.3 Open Cooperation Mechanism

In 2023, Ronbay Technology launched open cooperation and reform activities such as governmentand enterprise cooperation, university and enterprise cooperation, and industry-academy-researchcooperation, built a bridge of communication with different platforms, and launched industrial co-building in pursuit of win-win cooperation.In terms of indust®ñ-academy-research cooperation, Ronbay Technology has established long-term andin-depth cooperative relations with a number of universities and research institutes. In 2023, we signedtechnical cooperation agreements with universities such as Tsinghua University and University of Scienceand Technology Beijing, and carried out a series of research and development cooperation projects.During the reporting period, we joined hands with organizations such as Beijing Welion New EnergyTechnology Co., Ltd. to assume the key national project of the Ministry of Science and Technology,¡°lithium ion solid-state power batte®ñ with a high energy density and a long se®ïice life¡± and worked withrenowned local enterprises and universities of Ningbo to assume ongoing major scientific innovationprojects of Ningbo in 2025, such as ¡°development of MFPW positive electrode materials used forsodium ion batteries¡±, ¡°R&D of next-generation NCMW power batte®ñ¡± and ¡°development and industrialapplication of key continued production technology of lithium batte®ñ positive electrode materials andprecursors¡±, which are advancing smoothly promoted by all pa®îner organizations.

On September 5, 2023, Ronbay Technology signed a strategic cooperation agreement with thePeople¡¯s Government of Xiantao, Hubei Province. Chen Ping, Vice Governor of Hubei Province,met with the delegation led by Bai Hushan, chairman of Ronbay Group and witnessed thesigning of the agreement. According to the agreement, Ronbay Technology will build a newproduction capacity of 100,000 tons of LMFP and 50,000 tons of sodium battery positiveelectrode materials in Xiantao High-Tech Development Zone. The total investment of theproject is about 3 billion yuan, which is expected to be completed and put into operation in2026 to suppo®î the high-quality development of Xiantao¡¯s economy and indust®ñ.

Government-enterprise cooperation:

strategic cooperation reached with the People¡¯sGovernment of Xiantao City, Hubei ProvinceCase study

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3.3 Responsible Procurement

3.3.1 Responsible Procurement Practice

As a leading enterprise of high-nickel ternary materials, we are committed to building a globallycompetitive circular industrial chain around the ¡°Batte®ñ Triangle Strategy¡±, promoting the responsible

Enterprise cooperation:

Assuming the national key R&D plan of the Minist®ñ ofScience and Technology with Welion New Energy etc.In 2023, we worked with organizations such as Beijing Welion New Energy Technology Co., Ltd.to assume the project of ¡°lithium ion solid-state power batte®ñ with a high energy density anda long se®ïice life¡±, a special project of ¡°New Energy Vehicles¡±, a key R&D plan of the Minist®ñ

Case study

of Science and Technology. The projectis mainly engaged in the research anddevelopment of in situ solid-state powerlithium-ion batteries with a high energydensity, a long service life and a highsafety performance. Through the project,it will continuously strengthen the corecompetitiveness of China¡¯s batte®ñ indust®ñand bring breakthroughs to the world¡¯sautomobile power technology.

On September 5, 2023, Ronbay Technology signed a strategic cooperation agreement with thePeople¡¯s Government of Xiantao, Hubei Province. Chen Ping, Vice Governor of Hubei Province,met with the delegation led by Bai Hushan, chairman of Ronbay Group and witnessed thesigning of the agreement. According to the agreement, Ronbay Technology will build a newproduction capacity of 100,000 tons of LMFP and 50,000 tons of sodium battery positiveelectrode materials in Xiantao High-Tech Development Zone. The total investment of theproject is about 3 billion yuan, which is expected to be completed and put into operation in2026 to suppo®î the high-quality development of Xiantao¡¯s economy and indust®ñ.

University-enterprise cooperation:

Assuming a major project of Ningbo Science andTechnology Innovation for 2025 with Ningbo University

Case study

SupplierIntegration

SupplierEvaluation

Removal ofSuppliers

Maintenance of

Suppliers

1.Collect supplier¡¯s

material information

2.Submit KYS

questionnaire

3.Supplier registration

and evaluation (RBACode of Conduct)

1.Quality

2.Environment

Protection Safety

3.Information Safety

4.Recyclable Materials

5.Business Ethics

6.SA8000

7.Intellectual Prope®îy

Rights

8.Carbon Emission

Management

1.Removal Principles

(no cooperation for along time/disquali®êed/blacklisted)

2.Removal Procedure

1.Communication

2.Training and Guidance

3.Experience Exchange

4.Complaint Handling

GEM - Supplier sustainability reviewCase study

Key measures

In October 2023, Ronbay organized the supply chain management depa®îmentto review the sustainable development of the supply chain for the supplier,Jingmen GEM New Material Co., Ltd. (hereinafter referred to as the supplier).The audit was carried out according to the OECD Guide to Due Diligence ofResponsible Supply Chain of Ore from Con®ìict A®ãected and High Risk Regions,ISO14067-2018: Quantization Requirements and Guide of Greenhouse GasProduct Carbon Footprint and Social Responsibility Standard SA8000, includingthe evaluation of responsible ore procurement, product carbon footprintmanagement system and corporate social responsibility management system.Main results

Assisted suppliers in their improvement through alignment with best practicesand problem identi®êcation.

procurement and green, low-carbon supply chain, joining hands with our suppliers to develop asustainable supply chain that is ¡°e®æcient, safe, collaborative and green¡± through cooperation in diverseforms and channels, and practicing our New Integration Strategy of ¡°becoming the strongest andworking with the strongest on the basis of coexistence and blend¡±.In terms of supplier selection, according to the requirements of the Guide to Responsible Supply ChainDue Diligence for Ore from Con®ìict-A®ãected and High-Risk Areas (hereinafter referred to as OECD DueDiligence Guide), Guide to Due Diligence of Responsible Ore Supply Chain in China and RMI/RCI CobaltSupply Chain Due Diligence Standards and other requirements, we introduced the requirement of oresupply chain due diligence into the admittance process of all cobalt suppliers and required them tosubmit the KYS form of suppliers and accept evaluation.

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Sustanableprocurementplanning

1. Improving ESG sustainability evaluation of supply chain and

promoting the construction and ce®îi®êcation of upstream suppliersystem.

2. Construction of a sustainable supply chain system of our

subsidiaries and branches worldwide and promotion of thecorporation¡¯s supply chain sustainable complaince.

3. Establishing a digital management system for the management of

supply chain tracing and carbon footprint and other information.

3.3.2 Promote the Construction of a Green and Low-

carbon Global Supply Chain

With the release and enactment of the EU Battery Law and the implementation of our globalizationstrategy, the sustainable management scope of our supply chain has gradually expanded to covercontents such as product carbon footprint review, circular materials and corporate social responsibilitymanagement and introduced RB code of conduct requirements such as environmental protection andoccupational health and safety, information security, integrity and compliance, business ethics, andintellectual prope®îy management.In order to promote the green and low-carbon supply chain, Ronbay Technology advocates resourcesaving among suppliers, collaborates with them to improve the raw material structure of the supplychain, and explore a new route of battery material manufacturing. In 2023, Ronbay implemented thesupply chain optimization strategy, included the utilization rate of recyclable materials in the supplierperformance assessment indicators of suppliers, developed two recyclable material procurementchannels, increased the use of recyclable materials in our products, and promoted the improvement ofthe ability of existing suppliers in the supply chain to utilize recycled materials.During the repo®îing period, Ronbay promoted the green closed-loop recycling project of terna®ñ wastes,which reprocessed such wastes into raw materials for recycling, so that the use of recycled materialsaccounted for about 7-8% of all raw materials of the company, realizing the green and low-carbon goalsof energy saving, emission reduction and consumption reduction.

3.3.3 Joining Hands with Our Pa®îners

During the repo®îing period, Ronbay Technology signed and reached strategic cooperation agreementswith NIO Automobile and EVE Lithium Energy successively.

Strategic Pa®înership Signing Ceremony betweenRonbay and NIO

On Februa®ñ 24, 2023, Ronbay Group and NIO signed a strategic cooperation agreement inHefei. Under the principles of ¡°integrity, mutual trust and in-depth integration¡±, Ronbay andCase study

NIO have established a comprehensivestrategic partnership with upstream anddownstream industrial chains of newenergy battery. Both sides would fullyunleash their respective advantagesin products, technologies and productcapacity to explore the feasibility and planof cooperation around the batte®ñ indust®ñcollaboration system.

Strategy Pa®înership Signing Ceremony betweenRonbay and EVEOn May 27, 2023, Ronbay and EVE held a strategic pa®înership signing ceremony in Huizhou.According to the Agreement, both sides would launch strategic cooperation in the fieldsof battery and materials, including a comprehensive cooperation in terms of product

Case study

development, technology development,market and supply chain development insuch fields as high-nickel ternary materialsand LMFP positive electrode materials, andnew product development and technologyinnovation for the next generation ofbattery and materials, thus making morecontributions to the industrial innovationand development.

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3.4 Advanced Manufacturing and Lean

Quality

3.4.1 Advanced manufacturing leads the upgrading

of industrial bases

3.4.2 Comprehensive Quality Management to Achieve

Lean Quality

Ronbay Technology gives full play to its innovation and development ability, pays close attention tocustomer demands and dynamics of industrial frontiers, not only deploys cutting-edge productssuch as sodium batte®ñ and LMFP in product innovation, and taking the lead in the indust®ñ; but alsocontinuously steps up the manufacturing process improvement and technical innovation of batterypositive electrode materials, continuously improves the innovation capacity of engineering design andequipment and the capabilities in information management and digital application, and comprehensivelyimproves its professionalism.During the reporting period, Ronbay Ezhou production base¡¯s phase 5-2-2 expansion project, Zunyiproduction base phase II expansion project and phase I of a new project in South Korea were completedsuccessively. All these projects introduced the concepts of advanced manufacturing and green and lowcarbon from the beginning of planning and design, and constructed and operated from such aspects asthe overall planning and layout optimization, production line design upgrade and innovation, equipmentupgrading, digital system planning, low energy consumption and low emissions and managementtechnology application, with characteristics such as improving production environment and productione®æciency, energy consumption and cost reduction, and lower environmental emissions.

Construction of a comprehensive quality control system

Adhering to the core concepts of ¡°customer priority, technology innovation, legal compliance, standardmanagement, risk control, and continuous improvement¡±, we provide our customers worldwide with highquality products, continuously increasing hardware investment to upgrade our equipment; in terms ofsoftware, we continuously strengthen ISO9001 and IATF16949 quality control mechanism to enhance theawareness and capabilities of our personnel. Through digital systems such as IPD, MES, LIMS, CRM andSRM, we continue to improve the quality control system throughout the life cycle and win the trust of ourcustomers with the best quality.

Summa®ñ of quality control system ce®îi®êcation results

Product moduleProduction base202120222023Terna®ñ positiveelectrode

Ezhou Hubei¡Ì¡Ì¡ÌZunyi Guizhou¡Ì ¡Ì ¡ÌXiantao Hubei??¡ÌJS South Korea??¡ÌPrecursor

Xiaocao¡¯e Yuyao¡Ì¡Ì¡Ì

Linshan Yuyao??¡ÌEMT South Korea¡Ì ¡Ì ¡ÌLMFPZhongbei Shanxi?¡Ì¡ÌQuality control architecture

The company attaches great importance to quality innovation, setting up quality innovation groupsat all levels, mainly focusing on external market research, R&D and equipment quality and innovationmanagement, introduction and promotion of advanced quality management methods, etc.Quality control throughout the life cycle of productsIn 2023, we continued to car®ñ out quality control with the concept of product life cycle management,using quality tools such as IPD, APQP, FMEA, MSA, and SPC, and launched quality control activitiesthroughout the life cycle of products, and achieved end-to-end closed-loop management, to ensure thatour products meet customer demands and solve their appeals and the challenges faced by them.R&D quality controlConsidering that product quality is determined by design, in 2023, we established a quality auditmechanism for the research projects based on the implementation of IPD, and conducted full coverageand targeted audits for all projects under research. The IPD model integrates ®êve quality tools and APQPrequirements, and develops a complete set of review tools, involving new product design and existingproduct improvement. We formulated and monitored product quality plans based on the concept ofprevention through multiple engineer roles and carried out quality and reliability analysis and evaluationaccording to the maturity of technology. Meanwhile, we carried out related training on quality controland guaranteed product quality throughout their life cycle.

According to the system ce®îi®êcation requirements, we constantly improve the quality control system,and improve the quality control. By the end of the reporting period, our manufacturing bases havepassed the ISO 9001 and IATF16949 quality system ce®îi®êcation.

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Laborato®ñ reliability management

By the repo®îing period of 2023, we had established professional laboratories in all manufacturing anddevelopment bases that meet the pe®íormance test of all products, including 8 categories of chemicaltests or more, 9 categories of physical tests or more and 3 categories of electrical pe®íormance testsor more. Among them, Hubei and Yuyao laboratories are managed according to CNAS standards andhave completed CNAS certification. With the experimental equipment as the platform, we focus onthe improvement of product reliability, and improve our product reliability testing capacity throughprofessionals, so as to ensure that the products can work normally under di®ãerent environments andconditions.

? Element content test with inductively

coupled plasma atomic emissionspectroscopy (ICP);? Metal-based foreign body content test;? Copper and zinc content test;? PH value test;? Acid / water-insoluble material test;? Alkali content test;? Nickel, manganese, cobalt content test;? Complex copper test;

? Laser di®ãraction pa®îicle distribution test;? Speci®êc su®íace area analysis and test;? Metal powder vibration solid / apparent density

test;? Karl Fischer Coulometric titration moisture

test;? Powder electrical resistivity test;? Metal powder d®ñ sieve test;? Foreign body analysis / metal pa®îicle test;? The SEM test;? X-ray diffraction test / energy spectrum

analysis test

? First discharge capacity of lithium-ion buckle

batte®ñ;? First-time e®æciency test;? Full-batte®ñ pe®íormance test;

Chemical detection> 8 categories

Electrical pe®íormance tests> 3 categories

Physical detection of> 9 categories

Power buckle test system

Inductively coupled Plasma Emission

Spectrometer (ICP-OES)

SEM£¨SEM£©

X-ray di®ãractometer (XRD)

Ma®ïin 3000 laser pa®îicle sizer

Fully automatic Micromet®îics speci®êc

su®íace instrument

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3.4.3 Quality Control Improvement

Brand quality

Under our unremitting e®ão®îs in pursuit of excellent quality, we have won honors and awards such as¡°Chinese Brand Value Evaluation¡±, ¡°Fifth Mayor Quality Award of Ezhou¡±, ¡°Outstanding Quality Award¡± (awardedby EVE), ¡°Excellent Suppliers of the Year¡± (awarded by CATL), and ¡°Excellent Quality Award¡± (awarded byFarasi), indicating that the customers spoke highly of our customer se®ïice level and product quality.

Customer quality management

During the repo®îing period, we ensured a timely response to customer quality demands by optimizing

the customer quality management process. In 2023, more than 50 customers carried out 103 quality

audits with Ronbay, with a pass rate of 100%, where customer audit problems decreased by more than

50% from 2022; international high-end customers conducted reviews for more than 20 times who spoke

highly of the quality control of the company. The annual quali®êed rate of shipment batches was 99.999%,

Process quality management

During the repo®îing period, Ronbay Technology made special improvements according to the speci®êc

requirements such as the safety characteristics of metal foreign bodies in the batte®ñ indust®ñ, and used

process quality control tools such as metal foreign body FMEA, key equipment FTA, and process speci®êc

SPC control to achieve the leading quality in the indust®ñ and meet the requirements of international

high-end customers. Meanwhile, special activities of copper and zinc foreign bodies were carried out. On

the principle of no introduction, no generation and no out®ìow, the speci®êcation control was achieved in

the whole process from raw materials to equipment process and to the shipment of ®ênished products,

and control methods such as rapid extraction test of metal foreign bodies and morphology analysis of

metal foreign bodies were developed. For the key indicators of the process, we conducted continuous

monitoring and analysis of the process data, so that the key indicators could meet the requirements of

the product design and production capability index, reduce product defects, and improve the prima®ñ

pass rate of the process.

Supplier quality management

Ronbay has always selected and cooperated with high-quality suppliers in the indust®ñ, and regulated

the quality management of suppliers from development, introduction and mass production and

delive®ñ through the Supplier Quality Management Manual. In 2023, we completed the quality audit of

54 suppliers, identi®êed more than 900 problems, and assisted suppliers to complete all improvements.

Meanwhile, we completed the development and introduction of 13 new suppliers and eliminated 2

suppliers to ensure that the products provided by the suppliers meet our quality standards.

Quality control trainingIn order to continuously improve the quality control of thegroup, and practice the concept of quality, in 2023, the wholegroup carried out external training such as VDA6.3/6.5 training,IATF16949 auditor training, and DFMEA /PFMEA training,involving more than 1,000 participants. Through learning andactual operation assessment, more than 200 people haveobtained certificates, which have greatly improved the qualityand capability of all sta®ã. Meanwhile, the group organized theestablishment of special quality training, with courses such asaudit skills, 8D problem solving, quality awareness, metal foreignbodies, and system document preparation. More than 150training sessions were organized throughout the year, involvingmore than 7,000 participants, which enhanced the qualityactivity and fostered talents for our outstanding quality control.Quality improvement actions

In order to continuously improve our product quality and consolidate our benchmark position in theindust®ñ, in 2023, the group carried out various quality improvement actions, such as lean improvementof metal foreign body management, total production and maintenance (TPM), IE project improvement,and a quality knowledge quiz, which fu®îher improved the company¡¯s product quality control.

Quality digitization

In 2023, we witnessed a major transformation in our quality control based on digitalization, establishedthe QMS system model, completed the quality capturing and inte®íace scheme for the manufacturingexecution system (MES) and laborato®ñ information management system (LIMS), built an information-based system and a digital base with the characteristics of Ronbay, so as to achieve digital empowermentfor our quality control, realize the automatic calculation and judgment of product data, improve thee®æciency and accuracy of product quality control, and lay the foundation for digital transformation forthe company.

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Quality control£º

Metal foreign body improvement of suppliersIn 2023, the special improvement of metal foreignbodies from suppliers was conducted. Throughcommunication on the improving plan with suppliersand sharing the improvement progress via monthlyreports, the space for improving was proposed andthe excellent experience was shared to broaden theideas for the improvement of suppliers. Finally, theimproving e®ãects were monitored and evaluated withthe data of ®ênished products.The improvement projects in 2023 were all completed,and the MI pass rate of the suppliers reached 100% in2023.

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Quality improvement£º

TPM full-sta®ã production and maintenance caseOrganized by the lean depa®îment team, we carried out improvement at ¡°six sources¡± (pollution source, leakagesource, wear source, copper and zinc source, fault source, safety source). Each base sets up an improvingCase study

team to perform the improvement, respectively.Meanwhile, through various training programs suchas equipment prevention and preservation, leanproduction, six source control, equipment mastery,standard ful®êllment rate and sta®ã skills improvement,we improved the awareness and capability of allemployees on production lines. In 2023, on-sitediagnosis was conducted for around 400 timesto identify problems, all of which were solved andcleared.

Quality control:

Lean improvement of metal foreign body managementWe have set up a metal foreign body improvement team. Based on the foreign body data and problems identi®êedon the site, the team screened 32 production lines in 8 workshops involved in the whole process of product for metalwears, optimized a total of 30 procedure documents and SOPs, and publicized them in the company.Case study

The management of metal foreign bodywas promoted according to the highestinternational standard, with the large particlesize of metal foreign bodies JMS¡Ý 100 ?m atzero, ensuring the safety and stability of theproducts.

3.4.4 Hazardous Matter Management

Each production base of Ronbay follows the standard IECQ QC080000 HSPM ¡°Requirements of HazardousMatter Process Management System¡± in implementing a complete management process of hazardousmatters from procurement of raw materials to product delive®ñ, insisting on selecting environment-friendlyraw materials to reduce environmental impact from the source, satisfy the requirements of the EU Batte®ñLaw and other regulations and standards, so as to ensure that no raw materials containing hazardousmatters are accepted, or products containing hazardous matters are produced or shipped out and thecompany delivers green, environment-friendly and pollution-free products to the customers.During the repo®îing period, Ronbay Technology revised the Administrative Regulations on EnvironmentalMatters. According to the EU Battery Directive, Packaging Directive, RoHS 2.0 Directive, Halide-freestandards, REACH regulations, Requirements for Prohibited Substances for Automobile (GB / T 30512-2014) and environmental hazardous matters management requirements of our customers, we controlledthe procurement, production, storage and transportation, packaging and delivery of raw materials,

Quality improvement£º

E®æciency improvement of decerating machineThrough the mechanism research of the decerating machine & vibrationsieve, 3 improvements (control points) of decerating machine wereidenti®êed and introduced:

¢Ù Introduce a negative pressure dust collection equipment, using

negative pressure air in the discharge of iron to suck out the metalforeign bodies accumulated;

¢Ú Introduce high magnetic magnetic rod to the pipe connecting the

negative pressure dust collecting equipment;

¢Û Introduce the rotating iron remover at the feed opening of the dust

collection equipment, so that the improved products¡¯ JMS/MI data canbe reduced by 50% to meet customer requirements.

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identified the cross pollution risks of hazardousmatters and adopted risk-based managementmeasures to eliminate the concentration effect andaccumulated risks at the manufacture link and ensurethat the products are free of hazardous matterssuch as lead, mercury, nickel, hexavalent chromium,polybromodibiphenyls, and polybromobiphenyl ether.For the raw materials delivered by the suppliers,the suppliers are required to provide test reportsin accordance with the relevant standards, or theproduction base conducts a self-inspection to controlthe access to hazardous matters. 62£ü

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Usher in the New Era ofCarbon Neutrality withLow-carbon Cycle

Following the mission of ¡°developing new energy indust®ñ and improving the human living environment¡±,we actively developed the resource recycling throughout the chain from the upstream batterydisassembly and recycling to the downstream operation and utilization, promoted the constructionof sustainable supply chain based on recycling, actively pa®îicipated in the global response to climatechange and national ¡°double carbon goals¡±, developing clean energy, constantly optimizing the energystructure, continuing to improve the efficiency of resource utilization, to achieve energy saving andcarbon reduction.

Coping with climate changes

Integrated climate risk management into our ¡°New Integration¡± strategy, followed the TCFD suggestions,identified and disclosed climate-related risks and opportunities, and developed corresponding riskprevention strategiesFully sta®îed the carbon footprint accounting of each base (including overseas) at organizational level;completed carbon footprint veri®êcation of 23 products, and carried out green and low-carbon workaccording to the resultsCollaboration in energy saving and carbon reduction

Completed 47 energy saving and carbon reduction projects, achieving energy saving bene®êt of 51447.4MWH; Hubei Ronbay passed carbon neutrality ce®îi®êcation to become the ®êrst ¡°carbon-free facto®ñ¡±Guizhou Ronbay, Hubei Ronbay and Wuhan Ronbay have obtained the ISO 50001 energy controlsystem ce®îi®êcation, and the ce®îi®êcation of energy control system has been launched for other positiveelectrode factories including the Xiantao facto®ñ and the South Korea JS facto®ñCombined with green power trading and roof distributed photovoltaic construction, promoted thedevelopment and use of green and clean energyResource utilization

Strengthened the cooperation with automobile enterprises, batte®ñ cell enterprises and waste recyclingenterprises, opened up the recycling channels, and achieved the sustainable supply of materials andproducts;The number of recycled packaging materials-pallets during the repo®îing period exceeded 124,200Water consumption decreased by 98,800 tons compared with that in 2022, and water consumption perton of product was 10.98 tons, down by 19.3% year-on-year

4.1 Addressing Climate Change

Ronbay Technology has incorporated climate risk management into the company¡¯s ¡°New Integration¡±Strategy and risk management system. In the process of business diversification and integrateddevelopment, we have conducted emission management for reducing greenhouse gases through thewhole process of business, and continuously improved our climate change governance system and riskprevention capacity.

4.1 Addressing Climate Change

4.2 Coordination in Energy Saving and Carbon Reduction

4.3 Resource Utilization

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GovernanceStrategiesThe Sustainable Development Committee leadsand oversees the implementation of ESG strategiesand actions, including climate risk governance andcarbon neutrality goal planning. The Committeehas an ESG Working Group that is responsiblefor planning and implementing ESG strategies,including climate risk assessment and carbonneutrality actions.

1. Regular disclosure of climate-related risks and

oppo®îunity identi®êcation results;

2. Establish the operational e®æciency strategy;

3. Abide by climate change policies and improve

corporate social reputation.Risk management Goals and indicatorsThe risk control depa®îment of the companyis responsible for reviewing the assessmentof risks related to climate change and makingcorresponding institutional and managementarrangements. At the same time, the riskmanagement committee with senior leaders willcontinue to incorporate climate change risksinto the company¡¯s overall risk assessment andmanagement system.

1. Regularly account and disclose the Group¡¯s

greenhouse gas emission pe®íormance;

2. Establish carbon emission reduction related goals

and evaluate the progress of these goals;

3. Following the suggestions of TCFD, we consider

scenarios, including global average temperature

rise by lower or higher than 2¡æ through climate

situation analysis to better understand the potential

impact of climate change on our own business and

stakeholders.

4.1.1 Climate Change Governance System

We have established a top-down and multi-level climate change governance system, fully integratedthe resources of the Group¡¯s sustainable development committee and risk control depa®îment, activelypromoted the implementation of our climate strategy, and continuously improved our climate resilience.

4.1.2 Climate Risk and Oppo®îunity Analysis

According to the suggestions from Task Force onClimate-Related Financial Disclosure (TCFD), weidenti®êed climate change risks and oppo®îunities,conducted a comprehensive assessment of theimpact of climate change risks and oppo®îunitieson investment and R&D, production andoperations, products and services, and thein®ìuence of the value chain, and ranked the risksand opportunities according to their influencedegree and occurrence probability.

Probability of risks and oppo®îunitiesHigh

High

In®ìuence degree of risks and oppo®îunities

Market risksTechnical risks

Low-carbon productsand supply chainAttracting high-leveltalentsChanging the energyutilization structureFollowing up marketand regional policiesReputation risks

Legal risks

Catego®ñof risk

Riskdescription

Correspondingoppo®îunities

Oppo®îunitydescription

Action strategy

Marketrisks

Downstreamcustomersshifted tolower carbonproducts andse®ïices

Low-carbonproducts and low-carbon supplychains

Developingadvanced andlow-carbonproducts tolead the market

E®æcient utilization of resources: reduce resource

consumption and waste by optimizing the productionprocess and improving the utilization rate of resources;

Low-carbon economic transformation: on the basisof the carbon emission accounting, reduce the carbonemissions of our own operations, adopt clean energy,and promote the carbon footprint accounting of zero-carbon factories and products;Innovation promotion: promote scienti®êc andtechnological innovation, increase investment inproduct research and development, improve productquality and create green and low-carbon products;Win-win ecological chain: strengthen cooperationwith upstream and downstream supply chains to builda sustainable industrial chain and ecosystem;Matrix of risks and opportunities in addressing climate change

4.1.3 Carbon Emission Management

In 2023, Ronbay Technology launched a comprehensive carbon accounting of each base, and theproduction bases that have been put into production (Ronbay Wuhan, Ronbay Guizhou, Yuyao Xiaocao¡¯efactory in Ningbo, JS factory in South Korea and EMT factory in South Korea) carried out carbonemission accounting in accordance with the requirements of ISO 14064 system, and obtained a third-pa®îy veri®êcation ce®îi®êcate.According to the carbon accounting repo®î, we actively studied and developed targeted carbon emissionreduction measures and plans, including the feasibility plans of green electricity trading and greence®îi®êcate trading, to promote the implementation of green solutions, and provide a strong guarantee forthe realization of ¡°carbon neutrality¡± goals in our operations.ISO14064 Organizational carbon

emissions

202120222023

Range 1 (ton of CO2 equivalent)/3,628.027,194.06Range 2 (ton of CO2 equivalent)/319,310.58516,925.13Range 3 (ton of CO2 equivalent)/1,828,698.032,455,915.94Total greenhouse gas emissions/2,151,636.622,980,035.13

(CO2 equivalent)/23.7422.53Note: 2021: no statistical data of carbon emissions is available; 2022: only Ezhou and Zunyi; 2023: covering all bases.

ISO 14064 GHG accounting summa®ñ table of Ronbay Group 66£ü

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Manufacturing base 14064 ce®îi®êcation

4.1.4 Carbon Footprint Management

In the carbon footprint accounting and ce®îi®êcation according to ISO14067:2018 standard, we accuratelyquantized and evaluated the impact of production and upstream links on climate change in the life cyclemanagement process of 23 products including terna®ñ precursor materials, terna®ñ positive electrodematerials, LMFP positive electrode materials in four bases, achieving certain success to reduce thegreenhouse gas emissions, create a sustainable supply chain, develop and implement related measuresfor energy saving and emission reduction.

Carbon footprint distribution of major products

Monoc®ñstalNCM 8 seriesPolyc®ñstalNCM 8 seriesPolyc®ñstal NCA9 series8 seriesprecursor

Acquisition of raw materials

93%

78.44%

85.49%

85.75%-2.48%

-2.48%-1.95%-7%1%

1%

1.01%

0.89%15.85%

15.99%

22.51%

13%

Transpo®î of raw materialsProduction processBy-product allocation

Carbon footprint and reduction planning andpath of main products:

1£©The company will work with suppliers toset sho®î-term, medium-term, and long-termgoals and requirements for product carbonfootprint management;2£©Give priority to raw materials supplierswith low environmental impact to reduce theenvironmental load at the supply chain end;3£©The company will increase the propo®îionof green electricity use year by year andactively launch emission reduction activities.

4.2 Coordination in Energy Saving and

Carbon Reduction

4.2.1 Energy Management

Energy management is the core of enterprises to realize their own operation and carbon reduction.We attach great importance to the effective use of energy, regulate the rational use of energybased on relevant regulations of each operation base. We have developed ¡°Energy ConsumptionQuota Regulations¡±, to further strengthen the identification of energy saving and carbon reductionoppo®îunities and energy metering management. By the end of the repo®îing period, Ronbay Guizhou,Ronbay Hubei and Ronbay Wuhan had obtained the ISO 50001:2018 energy management systemcertification. Meanwhile, we have started the certification of energy management system for otherpositive electrode factories such as Xiantao facto®ñ and JS facto®ñ in South Korea.

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4.2.3 Clean Energy Utilization

Ronbay Technology has been committed to reducing environmental pollution, reducing carbonemissions and promoting the development of green economy, reducing the dependence on fossil fuels,and increasing the propo®îion of clean energy in the energy structure. At present, our terna®ñ positive

Equipment upgradeMVR evaporatedcondensate water

By recycling the MVR evaporated condensate water, achieving an annualenergy saving amount of 1590423 KWH / yearFilter press cleaning

When cleaning the ®êlter press, the quali®êed material liquid is recycled, withan annual energy saving amount of 651268 KWH / yearWastewater of integratedwastewater station

The integrated wastewater station¡¯s wastewater circulation andtransformation, with an estimated energy saving amount of 310000 KWH /yearLighting systemoptimization of centralizeddissolution workshop

Mount the area switch to achieve switching on demand, with an estimatedenergy saving amount of 73400 KWH / yearOptimization of the outdoorlighting control

Shifting from manual control to optical control, achieving an estimatedenergy saving of 13000 KWH / year

Process optimization

Control of system operatingpower factor

Normalize the system power factor management, and improve the systempower factor to more than 0.95Optimization of thenitrogen generation system

The operation mode of air compressor is switched from one air compressorwith a voltage of 110kV to 2 / 3 air compressors with a voltage of 400V, withan estimated energy saving amount of 600000 KWH / year

4.2.2 Energy-saving Transformation

In 2023, Ronbay Technology continued to explore energy saving and consumption reduction throughprocess optimization, equipment energy efficiency and energy management and control in themanufacturing process. A total of 47 energy saving and carbon reduction projects have been completed,achieving energy saving bene®êts of 51,447.4 megawatt-hours, which is equivalent to avoiding 29,340.45tons of CO2 emissions. Some energy saving projects are as follows.

The direct energy consumed by our operations and products includes natural gas, gasoline and dieseloil, and the indirect energy includes purchased electricity and steam. During the repo®îing period, ourenergy consumption totaled 105,400 tons of standard coal. Energy management has been incorporatedinto the company¡¯s strategic planning and annual business plan, and the fulfillment of energy usereduction goals has been taken as pa®î of our assessment and evaluation. We strictly control eve®ñ linkfrom product design to manufacturing, and fu®îher reduce energy consumption through source design,equipment selection, inspection and maintenance.

Hubei Ronbay¡¯s roof photovoltaic construction

Green power ce®îi®êcate procurement

Key measures:Hubei Ronbay completed an installedroof capacity of 2.6MW in 2023

Main results:Achieved 100% consumption of renewableenergy, expected to generate an annual generatingcapacity of 2600 MWh, and reduce carbon emissions by1482.78 tons.

Key measures:Ronbay Hubei and Ronbay Guizhou have purchasedInternational Renewable Energy Consumption Ce®îi®êcate (I-REC) to consumegreen energy of 212819 MWh of green energy in 2023.Main results:Equivalent to reducing CO2 emissions by 121,371 tons

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electrode production bases such as Ronbay Hubei and Ronbay Guizhou have achieved the pure powerenergy structure with significant environmental and economic advantages, and achieved the goalof renewable energy proportion reaching 30% in 2023 through methods such as the construction ofdistributed photovoltaic roofs and the purchase of green power certificates. We have incorporatedthe clean energy utilization into our sustainable development strategy, con®êrming our goals and plansfor clean energy utilization and combining them with the company¡¯s development goals to ensure thecontinuous advancement of clean energy utilization.

4.2.4 Low-carbon Demonstration

Under the guidance of the New Integration Strategy, around the strategic goal of ¡°completely replacingfossil energy and achieving human sustainable development¡±, Ronbay Technology has blended theconcepts such as green design, green technology, green production, green supply chain, and greenmanagement into the whole process of our operation management system, and actively exploredthe construction and demonstration of ¡°zero-carbon factories¡± and ¡°green manufacturing system¡±,highlighting our positive response to climate change, and our e®ão®îs and responsibilities to improve theecological environment.

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4.3 Resource Utilization

4.3.1 Raw Material Recycling

We actively explore power batte®ñ recycling, with positive electrode materials as the fulcrum, activelydeploy upstream businesses such as batte®ñ disassembly, recycling, extraction, smelting and mining, aswell as downstream businesses such as batte®ñ operation and cascade utilization, forming a complete¡°battery triangle¡± circular industry chain, and providing a strong guarantee for the ¡°ecological¡±development of industrial chain.We strengthen the cooperation with automobile enterprises, batte®ñ cell enterprises and waste recyclingenterprises, open up recycling channels, and achieve a sustainable supply of materials and products.Among them, we signed a strategic cooperation agreement with GEM on the cooperation in such ®êeldsas power batte®ñ recycling, disassembly, cascade utilization, and powder so®îing; the TMR invested by usin South Korea has achieved mature application of lithium batte®ñ waste recycling.

Creation of ¡°zero-carbon facto®ñ¡± of Ronbay HubeiKey measures:The factory increased the proportion ofrenewable energy by adopting roof distributed photovoltaicpower generation and local green electricity trading, andactively participated in carbon trading to offset surplusemissions until carbon neutrality, and finally achieve ¡°carbonneutrality¡± at the operational level.Main results:The successful passing of the ¡°Zero CarbonFactory¡± certification was an important milestone of carbonneutrality in its own operations. Ronbay Hubei was the ®êrst ¡°zerocarbon facto®ñ¡± of the Group, forming a demonstration e®ãectthrough the establishment of ¡°zero carbon factory¡±, laying asolid foundation for the realization of the ¡°carbon neutrality¡±vision of the Group and even the entire value chain.

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During the repo®îing period, Ronbay Hubei successfully passed the carbon neutrality ce®îi®êcation andthe zero carbon facto®ñ ce®îi®êcation. Ronbay Guizhou applied for and passed the review of provincialgreen facto®ñ, becoming the ®êrst subsidia®ñ of Ronbay Technology to pass such a review. In 2024, wewill continue to promote the special reviews such as Ronbay Guizhou national green factory, greensupply chain and green product design, and promote the review and ce®îi®êcation of green facto®ñ in ourfactories such as the facto®ñ in Hubei, so as to achieve the continuous improvement of green and low-carbon pe®íormance and a more far-reaching green demonstration e®ãect.

In the production process, weadopted various material recyclingtechnologies such as ¡°NiCoMn metalrecycling technology¡±, recycledelements and materials such as nickel,cobalt, manganese and lithium withmethods such as chemical dissolution,precipitation and impurities removal,achieving a high recove®ñ rate andtaking the lead in the indust®ñ,e®ãectively avoiding the negativeenvironmental impact and achievingthe ecological cycle economy.

NiCoMn metalrecycling technology

This technology adopted the method of inorganic acid dissolution-impuritypurification and co-precipitation to recover the nickel-cobalt-manganeseelements in the positive electrode material without extraction, with shortprocesses, limited environment pollution and a low production cost. In 2023,the technology was put into production and application in our factory inSouth Korea, and was declared as a major project of Ningbo for 2025, ¡°cascadeutilization and recycling technology of lithium batte®ñ¡±.

Ronbay

Batte®ñ cell facto®ñ CBatte®ñ cell facto®ñ DDirected cycle

Batte®ñ

Batte®ñ Raw materials

Raw materials

Automobileenterprise A

Automobileenterprise B

Automobileenterprise C

4.3.2 Water Resource Management

E®æcient water resource management is also an impo®îant link to achieve the goal of ¡°zero carbon¡±. Interms of water resource management, Ronbay Technology has e®ãectively improved the comprehensiveuse efficiency of water resource through measures such as equipment optimization, technicaltransformation and water resource recycling.Water consumption is great in production processes of battery positive electrode materials such aschemical reaction, cleaning, and precipitation. According to the life cycle assessment (LCA) results of ®êveNCM products conducted by Ronbay Technology such as polyc®ñstal / monoc®ñstal and super high nickelin 2022, the water scarcity (WU) per ton of product in the production process was from 1,000 to 1,500 m3 equivalent.In order to ensure the e®ãective utilization of water resources, the company formulated the procedurefiles such as ¡°Administrative Regulations on Wastewater Treatment¡±, ¡°Administrative Regulationson Wastewater Discharge¡± and ¡°Administrative Regulations on Rainwater Discharge¡±, and adopted 72£ü

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4.3.3 Management of Packaging Materials

The plastic pallets, wood pallets, jumbo bags, PE bags and other packaging materials used are disposedwith green and compliant methods. We optimize the application scenarios of packaging materialsthroughout their life cycle and continuously explore the reduction and recycling-based improvement ofpackaging materials.The company has piloted recycling packaging bags in each production base, and reused or soldpackaging materials that meet the standards after cleaning to promote the recycling of packagingmaterials. During the repo®îing period, the number of recycled pallets exceeded 124,200.

Water resource management measuresEzhou base:Through the transformation, the

high calcium water generated in the workshoppreparation of pure water was recycled to thecooling water station and used as replenishedcooling circulating water, saving about 180,000tons of water resource annually.

Case study

Water resources consumption202120222023Total water consumption (ten thousand tons)90.21155.87145.99Water consumption per unit of product (ton /

ton of products)

12.7813.6110.98

Note: Only data of Ezhou, Xiaocao'e and EMT bases were counted in 2021; Xiantao, Zhongbei and JS bases were not included in 2022; covering all bases in 2023.

diversi®êed water saving measures, such as reducing domestic water consumption. We also recycled andreused water in our manufacturing bases, recycling and reusing water of over 548,200 tons in 2023.During the repo®îing period, the total water resource consumption was 1.4599 million tons, down 98,800tons compared with 2022, and the water consumption per ton of product was 10.98 tons, down 19.3%year on year, with a higher e®æciency in water resource utilization and lower water consumption risks inthe region where the company is located.

Packaging material recycling in Ezhou Base,Hubei Province

Comprehensive recove®ñ of solid waste inZunyi Base, Guizhou province

Key measures:Based on the identification results of the recycling opportunities of raw material

packaging materials, the operation procedures for recycling PE jumbo bags after feeding ofcoarse powder are formulated. On the basis of meeting the product quality and production safetyrequirements, the PE jumbo bags after feeding of coarse powder are recycled and utilized, so as tosave the costs of packaging materials in the subsequent processes.Main results£ºEstimated to save the packaging material procurement cost of 211,800 yuan / month.

Key measures:Focused on the harmless, reduction and resource disposal of solid waste fromlithium batte®ñ positive electrode materials, a solid waste recycling production line was completed,achieving the internal circulation of solid waste treatment.Main results£ºThe amount of waste packaging bags reduced by 45%. While reducing productioncosts, the environment protection goals of energy saving, emission reduction and sustainabledevelopment were achieved.

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Harmonious Coexistencewith Environment withEco-friendliness

5.1 Construction of Environmental

Compliance and Management System

We have established a documented environmental management system according to the requirementsof the international standards such as ISO14001, constantly improved the environment managementarchitecture controlled by the management at all levels, supervised by the functional departmentsitem by item, and executed strictly by the staff, refining environmental management requirements toeach level, constantly improving the environmental risk management, trying our best to reduce theenvironmental impact of our production operation, with an aim to achieve the harmonious and win-win results of environment and enterprise development. During the repo®îing period, all our productionbases that have been put into production have obtained the ISO 14001 environmental managementsystem ce®îi®êcation.

Environmental protection compliance and management system

Investment in environmental protection exceeded 22,128,900 yuanAll the production bases that have been put into production have obtained the ISO 14001environmental management system ce®îi®êcation

Pollutant treatment

The production rate of waste water, waste gas and solid waste decreased steadily, and the dustemission per unit of product decreased by 52.8% year on year; the wastewater discharge per unit ofoutput decreased to 1.99 tonsEnvironmental risk prevention and control

Promoted the whole process management of chemicals, improved the utilization e®æciency;During the repo®îing period, the company had no environmental events that had a signi®êcant impacton the soil and groundwater;None of the company¡¯s production and operation activities, products and services were found tohave a signi®êcant impact on biodiversity

5.1 Construction of Environmental Compliance and Management System

5.2 Pollutant Treatment

5.3 Environmental Risk Prevention and Control

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Ronbay Technology strictly abides by laws and regulations such as the Law of the PRC on the Preventionand Control of Air Pollution, the Law of the PRC on the Prevention and Control of Water PollutionPrevention and Control and the Law of the PRC on the Prevention and Control of Environmental Pollutionby Solid Waste, constantly strengthening the management of various pollutants, and striving to improvethe level of environmental compliance and risk management. In 2023, we carried out comprehensiveand systematic environmental diagnosis for all our production bases, including the establishment ofenvironmental management system, environmental protection equipment risk assessment, specialassessment of hazardous waste management and control, etc. A total of 969 problems were diagnosed,with a recti®êcation rate of 96%, which greatly reduced the company's environmental compliance risk.Su®æcient amounts of investment were made in environmental protection to build, operate and properlymaintain environmental protection facilities such as wastewater treatment, waste gas treatment, solidwaste disposal, sound insulation and noise reduction. During the repo®îing period, our investments madein environmental protection amounted to 22.128,900 million yuan.

5.2.1 Waste Management

We have established the ¡°Administrative Regulations on Wastes¡± to classify and manage the wastesgenerated during our production and operation, and strictly implement the 3R principle of wastemanagement: Reduce, Recycle, and Reuse, so as to reduce the generation of waste at the source.Targeted measures are adopted for the hazardous waste and general industrial solid waste inevitablygenerated in the production process according to their characteristics to ensure that all the wastesproduced by our factories are properly controlled throughout in the whole process. During the repo®îingperiod, the production rate index of general solid waste and hazardous waste per unit of productsproduced by us decreased steadily.

5.2 Pollutant Treatment

We strictly abide by the Law of the PRC on Environmental Protection and the applicable environmentalprotection laws and regulations of the site where our operation bases are located, formulate andimplement the Administrative Regulations on Environmental Protection and other administrative rulesand regulations for three kinds of wastes, to reduce wastes at the source, strictly implement the wholeprocess of pollutants control, and encourage all our sta®ã and employees to initiate innovative measuressuch as energy conservation and emissions reduction, and with the aid of advanced tools such asdigitalization, continue to reduce the negative environmental impact of our own operations.

5.2.2 Waste Gas Management

The waste gas generated by the company mainly includes the waste gas generated during production,the dust generated in the renovation and expansion construction process and the cooking fumegenerated in thekitchens and canteens of each base. We have formulated and implemented regulationssuch as Administrative Regulations on Air Pollution Control and Administrative Regulations on CivilizedConstruction of Engineering Projects in each production base. For the waste gas generated in theproduction process, it must be effectively collected and treated and discharged after meeting thestandard. As to construction dust, we constantly strengthen the daily inspection and maintenancerequirements, and supervise and manage the construction units and the project sites. In addition,we reduce emissions at the source through innovations such as process upgrading and managementoptimization. During the reporting period, the company¡¯s waste gas and pollutant emission loadand emission intensity decreased significantly, among which the dust emission per unit of productsdecreased by 52.5% year on year.

5.2.3 Wastewater Management

The wastewater of the company mainly includes domestic sewage and production wastewater. At thelevel of our subsidiaries, we have formulated management procedures such as Management Procedureof Water Pollution Control and Management Procedure of Environmental Protection Facilities, strictlyfollowing the principles of ¡°rain and sewage diversion, clean water and sewage diversion, sourceseparation and classi®êcation & treatment¡± to ensure the e®ãective treatment of wastewater and dischargeafter meeting the standards. During the reporting period, we adopted new processes of resourcerecove®ñ to recycle the wastewater, fu®îher reduce the discharge of pollutants, and reduce the dischargeof wastewater per unit of products to 1.99 tons.

Wastewater reductionGuizhou

base

The Guizhou base recycled the sewage from the sewage treatment station to the circulatingwater station and the wastewater lithium extraction workshop. In 2023, the annual productionwastewater discharge was only 5,630 tons.Xiantao

base

Xiantao base adopts coagulation and precipitation + membrane treatment system + evaporationsystem, and recycles the sewage after treatment. The water resource recycling rate reached

75.68% in 2023.

Linshanbase

The washing wastewater and steam condensate water are treated by pure water preparationsystem at the base. The total water consumption was about 100,000 tons in 2023; the ammonia-nitrogen containing wastewater in the workshop was treated and collected. In 2023, the totalrecycled water amount was about 2,665 tons.

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5.3.1 Chemical Management

For the various chemicals used during the production of batte®ñ positive electrode materials, we haveformulated administrative regulations such as ¡°Administrative Regulations on Hazardous ChemicalMatters¡±, ¡°Administrative Regulations on Handling of Hazardous Matters¡± and ¡°AdministrativeRegulations on Precursor Chemicals¡±, strictly implemented the supervision of hazardous chemicals,established the administrative regulations on the review and registration of hazardous chemicalsand controlled the links such as purchase, storage, usage and waste disposal of hazardous chemicalsthroughout the process.

Complete ®ìow cha®î of chemicals management

Hierarchical control Normalized controlRegistration of use and disposalThree-level control: establish achemicals supe®ïision system of safetymanagement at the three levels of thecompany, depa®îments and teams.

Focused supe®ïision: establish

administrative regulations and listsof chemicals for the supe®ïision andregulation of hazardous chemicals,establish dedicated warehouses ofhazardous chemicals and post safetywarnings and signs.

Daily supe®ïision: establish a recordsheet of daily inspections and launchdaily inspections and records ofhazardous chemical warehouses;Special inspections: depa®îments

and the company conduct specialinspections on chemical warehouseson an irregular basis to ensure theirstorage safety.

Ent®ñ/exit registration: the ent®ñ/exit of

chemical warehouses are managed withtimely registration and records to ensureconsistency between records and objectsand avoid the expiration of chemicals.

Compliance disposal: check the ent®ñ time

of hazardous chemicals regularly, evaluateand discard expired chemicals and disposethem as hazardous wastes, ensuring theentire process is under control.

Invento®ñwarning, proposeprocurementdemands

Obtainingquali®êcationdocuments suchas MSDS ofchemicals and theproduction licenseof suppliers

The Depa®îment ofEnvironment andSafety evaluatesand suggests oninformation such asnature and quantityof chemicals to beused

The procurementdepa®îmentestablishes a listof chemicals toprocure and ®êle theprecursor chemicalsThe warehousesinspect thepackaging, labelingand data

Compliance disposalof hazardous wasteRegistration of useand disposalApplication forprocurement

Hunting for

suppliers

Procurement intowarehouses

Evaluation andsuggestion

Ent®ñ/exitmanagementof chemicals

5.3 Environmental Risk Prevention and Control

We insist on controlling environmental risks at the source, as we are committed to improving ourcapabilities in environmental risk prevention and response to emergencies in all links of productionactivities and daily operations, so as to minimize our impact on the health of people and the ecologicalenvironment.

Management of precursor and explosive chemicals

Complianceprocurement

Registration and legal procurement according to laws and regulations.Processmonitoring

A whole process of control was adopted for such links as quali®êcation review, risk assessment,

procurement ®êling, warehousing management, chemicals acquisition, and waste disposal,

referring to the ®êve management means and adopting strict management.Completesupplies

Our warehouses optimized the visual management kanban, equipped with cameras,

emergency supplies, labor protection supplies, etcEmergency drills

We carried out emergency drills, education and training for hazardous chemicals to improve

the emergency handling abilities of our employees and their knowledge and skills.Continuousimprovement

We carried out monthly activities eve®ñ year to check and ®êll in the gaps, optimize and

improve our operations, and constantly improve the management of hazardous chemicals.

Improving the use e®æciency of chemicals(concentrated sulfuric acid) of Ronbay HubeiMain problems£ºThe pipelines in the lithium sulfuric acid storage tank area of the south plant¡¯swastewater have aged seriously, with a ce®îain waste of chemical raw materials.Key measures£ºAccording to the potential risk identification results of sulfuric acid storage tankarea and sulfuric acid filling port area by the Department of Environment and Safety, a series ofcompliance transformation requirements were put forward, including:

Replace the pipelines in the sulfuric acid storage tank area and the conveying pump with seriouscorrosion, optimize the direction of the conveying pipeline, coat the ground with epoxy paint, andcast the embankment in the areas prone to leakage;In the sulfuric acid filling port area, cast the embankment, coat the ground with epoxy paint,introduce electrostatic grounding, and introduce the recove®ñ pipeline to ensure that all the sulfuricacid leaked in the processes of ®êlling and pipeline ®ìushing is recycled.

Main results£ºThe renovation project was completed in mid-September 2023. According to theestimation of sulfuric acid consumption before and after the renovation of the above areas, theamount of 98% concentrated sulfuric acid consumed per ton of lithium sulfate production decreasedby 18%.

Case study

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5.3.2 Protection of Soil and Groundwater

The company attaches great impo®îance to the impact of its own production and operation and relatedenvironmental factors on the soil and groundwater environment. The risks of soil and groundwaterpollution are identi®êed and eliminated in time through potential risk investigation, and groundwater self-monitoring was carried out regularly. During the repo®îing period, the company had no environmentalevents with a signi®êcant impact on the soil and groundwater.

5.3.3 Environmental Emergency Response

The company pays attention to the prevention and response of environmental emergencies. Eachproduction base has formulated contingency plans for environmental emergencies, and formulatedspecial emergency plans for speci®êc situations such as accident wastewater discharge, transpo®îationand unloading of hazardous substances (hazardous chemicals and hazardous wastes).During the repo®îing period, the production bases of the company organized and carried out 113 specialaccident drills and emergency drills, and carried out internal training on environmental compliancemanagement, pollutant management, standardized management of solid waste, use safety of precursorand explosive chemicals, and emergency disposal of hazardous chemicals.

Hazardous chemical leakage training at JSbase in South KoreaOn May 23, 2023, the JS base in South Korea conducted an emergency drill on the theme of harmfulchemical leakage. The contents include information transmission and access control, diffusionprevention by wearing protective tools, sulfuric acid tank transportation, the confirmation ofabnormal conditions and the termination of the situation, so as to improve the abilities of employeesin dealing with environmental emergencies.

Case study

5.3.4 Biodiversity Conse®ïation

We continuously follow up on the impact of our own activities on biodiversity, establish the wholeprocess of ecological environment protection system in accordance with domestic and foreign relevantlaws and regulations and policies, conduct scienti®êc evaluation of the impact of base construction onlocal biodiversity in the stages of planning and site selection, and continuously enhance the level ofbiodiversity in the factories in the construction and operation stage.During the repo®îing period, no production base of the company was located in or near natural rese®ïesor biodiversity area of natural rese®ïes. None of our production and operation activities, products andse®ïices were found to have a signi®êcant impact on biodiversity.

Environmental emergency drill in XiantaoBase, Hubei provinceOn September 28, 2023, Xiantao base conductedan emergency drill against the failure of the exhaustvalve of the liquid oxygen station and the frostbite ofemployees. The drill featured clear responsibilities,a clear process and complete props. The drill wasintended to emphasize the necessity of emergencydrills and gradually improve their ability to handleemergencies.

Case study

Green vegetation in Zunyi base, Guizhou provinceKey measures£ºThe plants grown in the factories are all local plants with strong weather resistance,including dozens of kinds of green plants such as osmanthus trees, rose trees and bamboos, with agreening rate reaching 19%. The outdoor area adopts the forms of green space and permeable ®ìoortiles, increasing the propo®îion of water permeable areas to 38%.

Case study

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Talents Attracted forCo-building a VigorousRonbay

6.1 Employee Rights and Bene®êts

6.1.1 Equality and Diversity

Equality and diversi®êcation

The company has a total of 4,376 employees, with a contract signing rate reaching 100%.In order to adapt to the reform of the three systems, two pe®íormance management plans havebeen optimized and released, covering 100% of the functional personnel

Enabling employees with win-win growth

The total annual training hours reached 44,507 hours, and the average training hours foremployees reached 27.38 hoursThe online learning platform launched 3,000 + external general courses, selected 348 qualitycourses, with an online training duration of 30,923.64 hours, and employees self-directed learningof 5,596 hours.Employee care

In 2023, we continuously paid attention to the physical and mental health of employees, showedcare for female employees, and provided assistance to employees in needHealth and safety assurance

The investment in production safety was 28,020,500 yuan, an increase of nearly 10 million yuancompared with 2022During the repo®îing period, 2,520 safety-related training sessions were organized, with a lengthof 20,405 hoursA total of 113 emergency drills were carried out, and the participation rate of the employeesreached 100%. There was no employee death accident due to pe®íormance of duty, and the rateof depa®îure due to work-related injuries decreased by 8% compared with 2022No occupational disease event occurred, and the coverage rate of employee occupational healthcheckup reached 100%Ronbay Hubei, Ronbay Guizhou, Yuyao Positive Electrode Factory, Xiaocao'e Branch, South Koreansubsidiaries JS and EMT have all passed the ISO 45001 occupational health and safety systemce®îi®êcation.

Equality and respectAdhering to the principles of equal recruitment and development, we forbid forced labor and child laborin accordance with the law, as we are committed to creating an equal, harmonious and inclusive workingenvironment to ensure that employees have equal opportunities in recruitment, salary, welfare andpromotion. The inte®ïiewers with kinship with the applicants should follow the principle of avoidanceand avoid pa®îicipating in the inte®ïiew with the applicants. We ®êrmly guard against di®ãerent treatment

6.1 Employee Rights and Bene®êts

6.2 Enable Employees for Win-win Growth

6.3 Care for Employees

6.4 Occupational Health and Safety

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Cross-cultural cooperation and exchangeWe implement the global talent strategy and improve the talent management system with a globalperspective. Expanding overseas markets was the key work of the Group in 2023. In order to ensure thesmooth progress of our globalization strategy, we strengthened the technical and cultural exchangesbetween Chinese employees sent abroad and local employees of South Korea, enhanced the cohesionof the Chinese-Korean teams, adding some new elements to the cultural exchanges between the twocountries.

6.1.2 Protection of Employees¡¯ Rights and Bene®êts

We always share the development achievements with our employees, establish a complete protectionsystem for their legitimate rights and interests, and standardize the management of recruitment andturnover, working hours and holidays, sala®ñ and pe®íormance evaluation. In order to better safeguardtheir legitimate rights and interests and build harmonious labor relations, our organizations anddepa®îments at all levels set up trade unions to achieve cohesion among employees, and create a warm,fair, healthy and harmonious working environment.

for employees for reasons of age, gender, race, nationality, marital and family status, health statusand religion. During the reporting period, there were no discrimination incidents violating the aboverequirements.

Diversi®êcationIn order to cope with the challenges of internationalization and talent scarcity in the indust®ñ, we combinediversi®êed employment policies with corporate strategies, and strive to build a diversi®êed talent systemand personnel structure with a global vision and international competitiveness. We respect and embracediverse cultures, lifestyles and work styles.During the repo®îing period, the company had a total of 4,376 employees, including 156 ethnic minorityemployees and 270 foreign employees from four countries including South Korea, Japan, the UnitedStates and Australia, with a contract signing rate of 100%.

Compliance employment

We strictly comply with the relevant labor laws and regulations of the countries and regions where ouroperations are located and our internal Recruitment Regulations, and we set up open and transparentrecruitment channels, covering public websites and local employment websites and other recruitmentplatforms, to ensure the fairness and transparency of the recruitment process. Following the internationalconventions on labor and employee rights and bene®êts and local laws and regulations such as the WorldDeclaration of Human Rights, the International Labor Organization Convention and the Labor Law of thePRC, we sign a labor contract with our employees under the principle of equal employment and recruit,promote and manage the remunerations of our employees without any discrimination.Working hours and holidaysWe observe the principles of legality, fairness, voluntariness, consensus, and honesty, and establishscienti®êc and reasonable working hours and rest and vacation system in accordance with the law, so thatemployees can enjoy the legal rights of rest and vacation equally, and ensure that the working hours ofdi®ãerent operating places meet the requirements of local laws and regulations.Compensation and pe®íormance evaluationRonbay Technology is committed to building a fair and justcompensation system, adhering to the principles of ¡°equalpay for equal work¡± and ¡°pay according to work¡±, and hasformulated the normative documents such as ¡°CompensationManagement Regulations¡± and ¡°Year-end Bonus ManagementRegulations¡±.During the reporting period, the company optimized theperformance management plan, issued the ¡°Cross-systemIndividual Pe®íormance Management Regulations¡± and ¡°IndividualPerformance Normal Distribution Management Plan¡±, so as tomotivate employees with a more reasonable sala®ñ system andenhance their sense of gain and identity.Rights and interests of overseas dispatched employees

In the promotion of the globalization strategy, we have formulated the Administrative Regulations onOverseas Dispatched Personnel to provide clear salary and welfare policies for overseas dispatchedemployees, including competitive salaries, housing subsidies, education suppo®î, medical insurance, etc.,and support their work and life. Besides, we provide language training, cultural adaptation guidanceand career development planning to help them better integrate into the local working environment andmaintain close contact with the headqua®îers, thus providing a solid foundation for our global strategyand sustainable development.

¡°Best employers¡± of Zhaopin in 2023

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6.1.3 Employee Welfare

Ronbay Technology is committed to improving the happiness and sense of belonging of employees. Weregularly o®ãer holiday bene®êts to employees, including gift cards, gifts, extra allowances and holidaysubsidies, and are equipped with libra®ñ, clinic, gym and ente®îainment facilities, and launch diversi®êedspo®îs and spo®îs activities to constantly innovate and improve the employee welfare.

More than 320 athletes from 20 representative teamsof various depa®îments at the Base pa®îicipated in theFun Sports Meeting, which combined cooperation,competitiveness, and fun. This event fully displayed thespirited and upward-looking demeanor of Ronbay'speople, achieving a dual ha®ïest in physical ®êtness andcultural and spiritual development.

Fun Spo®îs Meeting

In the vibrant spring, basketball enthusiasts fromthe Base passionately gathered at the heatedbasketball court. Dreams reacted with youth, andsweat intertwined with cheers, radiating energy andshowcasing the employees' spirited and upward-looking demeanor.

Spring Geese Cup Basketball Tournament

Stepping onto the field and crossing culturalboundaries, a feast of friendship was celebrated! OnApril 26, 2023, the Korea JS Base held a Sino-Koreanemployee soccer match, showcasing the charm of teamcohesion and cultural exchange.

Korea JS Base Sino-Korean Employee Soccer Match

The Base mobilized external resources and pa®îneredwith "NIO" to advocate energy saving, emissionreduction and environmental protection knowledgethrough energy saving and environmental protectionclasses with World Ea®îh Day as the background of theactivity.

World Ea®îh Day Activity

The Base organized Lantern Festival Activities whereemployees pa®îicipated in DIY rabbit lanterns, fun ringtossing, and knowledge quizzes to celebrate the festiveoccasion.

Lantern Festival Activities

The Base launched the "Protect Occupational Health,Become a Health Expert" activity, which furtherenhanced employees' awareness and capabilities inself-protection of occupational health, effectivelysafeguarding their rights and interests in occupationalhealth.

"Health Expe®î" Activity

The Base organized a Forklift Skills Competition,focusing on safety, quality, response, and morale inforklift operations. The event selected and rewardedoutstanding employees with exceptional skills, setlearning benchmarks, and safeguarded the objectivesof the "Spring Geese Initiative".

Forklift Skills Competition

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6.2 Enable Employees for Win-win Growth

6.2.1 Talent System

We are ®êrmly convinced that talents are the valuable wealth for the company¡¯s sustainable development,attaching great impo®îance to the construction of systematic talent training and development, to providesu®æcient talent guarantee for our ¡°New Integration¡± strategy and global layout.

A fostering platform of outstanding leaders and business expe®îs

Professional talents fostering

Development ofinternal lecturers and

trainers

? Professionalism training

planning for key personnel? Fostering a team of

professional talents with

professional expe®îise and a

global vision

Cadres fostering

Development

visionTwo positions

Fourfunctional

modules

Fivetrainingsegments

Strategic orientation Strategic path

Sixkey measures

Planning oforganizational

architecture

Grassroots¡úmiddle-level¡úhigh-level three-levelleadership developmentsystem

Talent cultivation and organization planning

People-oriented and valuing talents, we have formed a complete and unique corporate culture conceptsystem, thus laying a foundation for our sustainable development.

Academy of Ronbay

As the platform linking internal and external resources and knowledge bases, the Academy of Ronbayhas introduced an online learning platform and launched diversi®êed training programs. Covering cadretraining, new employee training, internal trainer ce®îi®êcation and professional ability training and other®êelds, the platform provides a ®ìexible, convenient and personalized learning environment for employees,aiming to comprehensively improve the comprehensive quality and professional skills of employees.Meanwhile, through data tracking and analysis, the platform allows the employees to know their learningprogress, adjust their learning strategies in time, and improve their learning e®æciency.

To become the most innovative corporate universityin batte®ñ material indust®ñ leading the new energy

A spreading position and research center of corporate culture

Management research

Development ofexcellent courses

Pe®íection of onlineplatforms

Optimization ofoperation system

Case extraction: ¡°Tellingthe Sto®ñ of Ronbay Well¡±,accumulation, disseminationand maintenance of cases,etc.

New employees training

Establishment ofbenchmark projects

? Strengthening the 90-daytraining program for newhands? Improving the tutoring systemand unleashing the role oftutors in ¡°helping and guidingnew hands¡±Study and discussion on Ronbay culture throughout the process

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6.2.2 Multi-channel Development and Training

Guided by globalization, the company has established a sound education and training system withcomplete levels and wide coverage to meet the demand of employees for skill improvement. Diversi®êedemployee growth mechanisms have been developed, and different career development channels foradministrative management, business management and professional technology have been constructedfor all employees. According to the needs of the company, employees can consider their personalintentions and advantages and choose the right development channel for them.We provide our employees with diversified learning resources advancing with timely updates, andsuppo®î their personal growth and career development. Our depa®îments car®ñ out a series of trainingcourses according to the demands of employees from different systems and levels, covering suchareas as institutional culture, leadership, general literacy and professional skills, whose contents involvemanagement regulations training, corporate culture publicity training, safety and environmentalprotection training, as well as professional skills training for various posts and positions, and completeinternal sharing and transformation training in time, to fully improve the abilities of all our employees andenhance the overall e®æciency of our teams.

Our online learning platform has launched more than 3,000 classes of external quality general courses.After continuous development, our selected courses include 348 classes of quality courses such asexecutive lecture hall, business introduction, process system, and corporate culture. Through trainingassessment and testing, tracking and analysis of training e®ãect, we ensure that employees master theskills. By the end of the repo®îing period, the total number of training hours on the online platform hadreached 30,923.64 hours, with a length of employees self-directed learning at 5,596 hours.

Indicator data20222023Annual length of training for sta®ã and employees (class hours /

year)

3339044507Sta®ã training investment (ten thousand yuan / year)343.8115.6

Number of types of training courses (types / year)57375Average length of sta®ã training (class hours / person / year)20.5927.38

Target groupsTraining details

Young talentsA total of 36 courses, totaling 44.5 hours, with 235 trainees in 2023New employeesA total of 64 courses, 78 hours, with 474 trainees in 2023Grass-roots workers A total of 1,738 courses, totaling 1,887 hours, with 22,264 trainees in 2023

6.2.3 Talent Attraction and Retention

With the accelerated globalization of the new energy indust®ñ, in the face of the sho®îage of internationaltalents, the company has accelerated the building of various global professional talent highlands inrecent years, and continuously strengthened the introduction and training of talents.Adhering to the employee career development management principle of ¡°making the best use of talentsand seeking common development¡±, we¡¯ve launched job promotion and talent incentive in a fair andimpa®îial manner, and suppo®îed the diversi®êed development of talents. According to the career planningneeds of employees, we provide internal job transfer and employment oppo®îunities to broaden theircareer path.In order to commend and reward the advanced individuals and teams who have made outstandingcontributions to the development of the company, and to create a positive corporate culture atmosphere,we organize annual evaluation and selection of excellent employees at the end of each year.In order to attract and retain key talents, Ronbay Technology launched a restricted stock incentiveplan to encourage employees to actively participate in the future development of the company, andshare growth fruits with the company, ensuring that the interests of employees are consistent with theinterests of shareholders, and jointly promoting the sustainable development of the company. In 2023,we completed three phases of equity unlocking, in which the total number of the first category was333, the number of unlocked shares at 1,199,022, the number of the second catego®ñ was 253, and thenumber of attributable shares at 2,119,905.Our annual evaluation and commendation conferenceOn Janua®ñ 30, 2024, the annual evaluation andcommendation conference was held to recognize thee®ão®îs and dedication of employees in 2023, injectingcontinuous impetus into the sustainable development ofthe organization.A total of 241 individuals and 16 teams received 15 awardsfrom the company, including Best Employees, OutstandingContributions, Best Innovations, Best New Talents, etc.Guizhou Base 2023 annual evaluation andcommendationOn Februa®ñ 2, 2024, Ronbay Guizhou welcomed the 2024Spring Festival Annual Meeting and the ®êfth anniversa®ñcelebration, presenting awards to the employees andteams who had worked hard with great contributions in2023. They also posed for a photo together.

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6.3 Care for Employees

Ronbay Technology attaches great impo®îance to the humanistic care for employees, provides smoothdialogue channels for employees, and encourages the maintenance of equal dialogue betweenemployees and between superiors and subordinates. In addition, the company continues to pay attentionto the physical and mental health of employees, the care for female employees, and the help and suppo®îfor employees in need, so as to constantly improve the sense of belonging and happiness of employees.

The company provides regular health checks, including physical examinations, mental health assessmentand occupational health checks, as well as related health education and disease prevention lectures. Thecompany is equipped with facilities such as gyms, clinics, health centers, etc., to provide employees withhealth se®ïices such as exercise, stress relief, consulting. We also attach impo®îance to the psychologicalstate and growth of employees, and provide employees and their families with expert lectures onpsychological counseling, emotional stress management, positive psychology, emotion, so as to suppo®îthem in the face of the pressure and challenges in their work and life.

6.3.1 Physical and Mental Health

¡°Health Cabin¡± of Ronbay HubeiIt provides basic physical examination, health visits andguidance (general practitioner), psychological counseling(psychologist) and other basic health services, offeringoccupational health knowledge lectures irregularly on pre-pregnancy health care knowledge, nutrition and balanceddiet knowledge, mental health knowledge, job relatedmusculoskeletal system disorders, and provides emergencyse®ïices, etc.The ¡°psychological counseling room¡± is opened to helpemployees relieve their psychological emotions and relievetheir work pressure;The ¡°female workers¡¯ clinic¡± provides convenient healthchannels for female employees.

Case study

In order to enrich the life of our employees in their spare time, we have also set up a number of hobbyclubs, including outdoor sports, photography, dance and basketball, to encourage employees toparticipate in colorful team activities. The wonderful activities, competitions and exchanges enhancethe communication and interaction between employees, help employees to cultivate their interests andhobbies after work, expand the scope of communication, and maintain their physical and mental healthand vitality.

We respect and care about femaleemployees. In accordance with therequirements of national laws, regulationsand policies, we have formulated speciallabor protection policies for femaleemployees, providing female employeeswith maternity leave, maternity leave andbreastfeeding leave, as well as necessa®ñadjustments in their work content, tosupport their career development andbalance their family life.

6.3.2 Care for Female Employees

2023 Women¡¯s Day in RonbayRonbay series activitiesIn order to express careand gratitude to all femaleemployees, promote the strengthof women, we presentedbeautiful ®ìowers to each femaleemployee, and a summer quiltand neck protection pillow.

Case study

6.3.3 Assistance for Employees in Need

We practice the routes of serving our employees, and carry forward the fine tradition of povertyalleviation. Our trade unions carried out support measures such as classified poverty relief, accuratepolicy ful®êllment, dynamic management according to the degree and reasons for the di®æculties faced bythe families of our employees through a series of suppo®îing measures such as medical assistance, lifesuppo®î, holiday greeting, and employment suppo®î. We do the ¡°warmest things¡± to se®ïe our employeesby addressing the most immediate and realistic problems that concern them most.

¡°Warmth and care for our sta®ã¡± at Xiaocao¡¯e baseCase study

The company is committed to establishing and promoting a gender equity culture, ensuring no genderdiscrimination in corporate policies and practices, encouraging male employees to participate in thecare for female employees, and providing equal career oppo®îunities, including training, promotion andleadership development programs that encourage female employees to grow throughout their careers.On special days such as International Women¡¯s Day, we give special gifts or bene®êts to female employeesto express our respect and care for them.

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6.3.4 Sta®ã Communication and Involvement

Ronbay Technology attaches great impo®îance to the ideas and needs of employees, and is committedto creating a multi-dimensional communication system that breaks the hierarchy, so that employees canhave a greater sense of and gain and involvement.Through a variety of forms such as online and o®èine activities, we promote the two-way communicationbetween di®ãerent depa®îment managers and employees, while providing communication activities ofvarious forms and communication channels between our employees and the core managers, includingtrade unions and workers congress, regular cadre talks and seminars, executive visits, internal inte®ïiews,and employee satisfaction su®ïeys, actively listening to the voice of grass-roots sta®ã, and responding totheir related demands in time.In addition, the company actively establishes an open, transparent and democratic communicationmechanism, respects the rights of freedom of association, establishes groups of employees andcadres, establishes intelligent customer se®ïice platforms for our employees, follows up the problemsand suggestions reflected by the employees, and provides timely replies and solves the questions ofemployees; participates in the formulation of rules and regulations concerning the major interests ofemployees, and safeguards the employees¡¯ right to know, pa®îicipate and supe®ïise.

Our cadre talksOn August 19, 2023, the 2023 semi-annual cadre meeting of Ronbay Technology was held inSamcheonggak, Seoul, South Korea. The chairman and president and the senior executives ofthe company attended the meeting with the theme of ¡°Finding a Way Out¡±.The meeting revolved around ¡°Who and Where We Are? Where Should We Go?¡± After a heateddiscussion, the senior executives ®ênally agreed that globalization is our real way out.

Our senior executives launch visits and workshopsIn order to deeply understand the situation of the teams, listen to the voices of employees,solve problems at work, stimulate the morale of the teams, convey the company¡¯s strategyand important information, enhance the employees¡¯ understanding of their own value, andenhance the team cohesion and combat e®ãectiveness, our senior management team visitedand discussed with each team in depth.

Each year, we survey the organizational atmosphere through questionnaires at the two levels ofdepartments and factories and bases around 12 dimensions such as objectives and requirements,resource suppo®î and learning growth. The su®ïey results are analyzed from di®ãerent perspectives suchas length of working, age, education background and position level to fully learn about their appealsand wishes, implement their reasonable suggestions and ensure the e®ãective consistency between thecompany¡¯s development and their wishes.

Dimensions of organizational atmosphere su®ïey

ObjectivesConcern and

attentionTeam

Resourcesuppo®îEncouragingdevelopmentPa®îners

Exe®îingstrengthsValuingopinionsProgress

PraisesWork valueLearning andgrowth

96£ü

£ü

6.4 Occupational Health and Safety

6.4.1 Production Safety Management

Life safety is our primary responsibility towards our employees and contractors. In order to ensurethe realization of our production safety goals, we have formulated and implemented a series ofproduction safety norms, such as the Potential Risk Investigation and Management Regulations and

During the reporting period, a total of 4418 questionnaires were distributed in the organizationalatmosphere su®ïey conducted by the company, of which 3435 valid questionnaires were collected. Theoverall participation proportion increased slightly to 77.75%. The survey results show that the overallsatisfaction was 82%, among which the scores of goals and requirements, concerns, work value, teamwere relatively higher, while the dimensions of praise and progress were to be improved. Our sta®ã andemployees were mainly concerned with the company¡¯s care for employees, salary and welfare, andtraining development. Based on the results of the su®ïey and analysis, we have analyzed the causes ofthe existing management problems and developed corresponding improvement plans.

Organizational Climate Su®ïey 2023

Investment in production safety (ten thousand yuan)

909.18

2021

1802.06

2022

2802.05

2023

the Environmental Safety Reward and Punishment Regulations, to ensure that all our middle and seniormanagement signed the letter of responsibility on safety and environmental protection early in theyear. The production safety was linked to the personal compensation pe®íormance of all depa®îmentsand senior executives, and the management requirements and standards were confirmed for safetymanagement, potential risk investigation, emergency management, and accident, with the objectivesand responsibilities of production safety ful®êlled at various levels.Adhering to the principle of ¡°three managements and three musts¡±, we strictly implement the corerequirements that ¡°the person in charge of each unit is the ®êrst person in charge of safety¡±, establishinga comprehensive safety management structure from the headqua®îers to our subsidiaries and branchesand all production organizations, and strictly implement the production safety responsibility system.As the safety supervision and administration organization, the production safety committee of thecompany has a leading group composed of senior management personnel, which is responsible forsupervising the implementation of production safety. Meanwhile, the various business divisions andbranches and subsidiaries of Ronbay Technology has also set up their own production safety committee,operating under the supe®ïision of our production safety committee. The rate of depa®îure due to work-related injuries in 2023 decreased to 0.077 from 0.16 in 2022. [Depa®îure rate of work-related injuries =(production) Number of depa®îures due to work-related injuries / (current working hours / 200000)]During the repo®îing period, we invested a total of 28,020,20,500 yuan in production safety expenses,mainly used for the improvement of protection safety facilities and equipment, rectification of safetyhazards, safety standardization construction and safety education and training.

98£ü

£ü

Security risk identi®êcation and hierarchical controlWe have established a sound ¡°dual prevention mechanism¡± for risk prevention and control. Throughregular risk identification and assessment, we identify our internal hazard sources and make a listof internal risk controls. For the 2861 identified hazard sources, we have carried out hierarchicalmanagement and control through measures such as engineering, technology, and management, andpersonnel at di®ãerent levels were assigned to manage and monitor the risk sources at correspondinglevels, and regularly car®ñ out hidden dangers investigation to eliminate hidden dangers. For the complexconstruction process management, we have established a comprehensive construction risk managementsystem, from feasibility study and demonstration to the construction of projects.By implementing continuous compliance supervision and project construction safety evaluationmechanism, the system ensures that the projects strictly comply with relevant laws and regulations ateach stage, especially the standards and norms related to environmental protection, occupational healthand ®êre safety. During the repo®îing period, we optimized and prepared 26 engineering constructionsafety management documents and implemented them within the scope of all projects.Potential risk investigation and managementWe carried out a comprehensive compliance diagnosis and potential risk investigation at our domesticproduction bases. All production bases strictly implemented the risk classification control and dualprevention mechanisms, and encouraged all staff to participate in the investigation of potential risksbased on the whistle-blowing and reward systems. Ronbay Technology is committed to ensuring thecontinuous stability and safety of the production process through continuous rectification, trackingand optimization. During the repo®îing period, we identi®êed a total of 11,078 environmental and safetypotential risks,of which 10,695 had been recti®êed, with a recti®êcation rate of 96.54%. Those potential risksthat had not been recti®êed were included in the 2024 follow-up and improvement plan.Safety education and training

We formulated the ¡°Annual Safety Training Plan of 2023¡± early in the year. The topics of our safetyeducation and training include precursor and explosive product specifications, dual preventionmechanisms, occupational health, high-risk operation, change management, production safetystandardization and responsibility systems, etc., and we hired external doctors to deliver healthcounseling and routine training for our workers. During the repo®îing period, we organized 2,520 trainingsessions with a length of 20,405 hours.Safety emergency responseAdhering to the safety emergency concept of ¡°staying prepared and ale®îed eve®ñ day¡±, we regularlyorganize safety emergency drills to improve the abilities of our employees in emergency handling andself-protection. In 2023, we organized and carried out 113 emergency drills for hazardous chemicals,confined space accidents, epidemic prevention and control, fire accidents at finished productwarehouses, heat stroke and ®êre accidents in hazardous waste warehouses, with a pa®îicipation rate of100% among employees

Fire Response Drill on Korea JS BaseIn 2023, the Korean JS Base conducted three fireresponse drills, two during the day and one at night,to enhance employees' fire safety and emergencyrescue awareness.

Case study

Hubei Ronbay's Fire Emergency Rescue and

Comprehensive Fire®êghting Drill on "Safety

Production Month"On June 29, 2023, Hubei Ronbay conducted a comprehensive company-level firefighting andemergency evacuation drill. All depa®îments pa®îicipated in the drill, responded promptly, evacuated

Case study

quickly and orderly to safety assembly points, andcompleted the evacuation of all personnel within thedesignated time.This drill significantly enhanced employees'awareness of ®êre safety, strengthened the learningof firefighting skills, and propelled the Company'ssafety management and capability development to anew level.

Guizhou Ronbay's Emergency Drill on "Safety

Production Month"On June 1, 2023, Guizhou Ronbay carried out a comprehensive emergency rescue drill themed"Eve®ñone cares about safety and eve®ñone can respond to emergencies".

Case study

Leaders from Zunyi City Emergency Bureau,High-Tech District Management Committee,Honghuagang District Emergency Bureau, andPeople's Government of Shenxi Town attended thedrill. Honghuagang District Fire Rescue Squadronpa®îicipated in the joint drill, and safety o®æcers andrepresentatives from 56 companies in HonghuagangDistrict obse®ïed the drill.

100£ü

£ü

Safety culture constructionWe actively promote the construction of production safety culture for all sta®ã. Through methods suchas safety education, production safety culture publicity, safety activity promotion, and performancerewards and punishments, we strengthen and enhance the safety awareness and safety execution of allsta®ã. The company determines di®ãerent safety culture themes eve®ñ month and organizes evaluations.During the repo®îing period, evaluations were conducted 12 times, covering each base. Through safetyactivities and safety evaluation, we strengthened our employees¡¯ sense of safety responsibility andred line awareness, and shared production safety violations through our internal publications, so as toeducate and urge the management and employees to improve their safety awareness, and continuouslyimprove our overall safety pe®íormance.

6.4.2 Occupational Health Management

In strict accordance with related laws of occupational health, we have formulated norms and regulationssuch as ¡°Administrative Regulations on Occupational Health and Occupational Disease Prevention andTreatment¡± and ¡°Administrative Regulations on Labor Supplies¡±, and provide corresponding occupationalhealth protection facilities and posted related risk warnings and signs for those identi®êed occupationalhealth hazard factors such as noise, inorganic dust, high temperature, and inorganic chemicalcompounds. We regularly organize personnel and special sta®ã to pe®íorm inspection and maintenance,equip our sta®ã with corresponding labor protection supplies and strictly pe®íorm occupational healthexaminations before they take the post, during their work and when they leave their post. Meanwhile, forthe manufacturing base in South Korea, we actively abide by the Korean Occupational Safety and HealthLaw (KOSHA) and other laws and regulations, and on this basis, we have established risk preventionmeasures such as employee health management and work-related inju®ñ accident prevention. Duringthe repo®îing period, no occupational disease occurred in the group, and the quali®êed rate of employeeoccupational health examinations reached 100%.

45001 ce®îi®êcation of manufacturing bases (pa®îs)

By the end of the repo®îing period, 100% of our production bases with stable operation and ce®îi®êed asquali®êed (including Ezhou, Zunyi, Xiaocao¡¯e, JS and EMT in South Korea) had passed the ce®îi®êcation ofISO 45001:2018 occupational health and safety management system, while our other new bases (Xiantaobase and Linshan base) were also actively involved in the construction of ISO 45001 occupational healthand safety management system.

Linshan base health and safety promotion-®êlterpress blowing noise improvementThere was excessive noise in the west pa®î of the third ®ìoor of the synthesis workshop, which camefrom the ®êlter press. In order to protect the health of employees, improve production e®æciency andCase study

improve the working environment, the secondProduction Department, the Departmentof Safety and Environment Protection andthe Equipment Department set up a specialrecti®êcation team;Sound insulation cotton was adopted in themain noise-generating area of the filter pressto e®ãectively isolate the transmission of noise;After the adoption of this measure, thenoise test of each area of the filter press wasconducted, and the noise had been reduced byabove 15dB.

102£ü

£ü

Practicing the Mission ofCorporate Citizenship inCommunity Building

7.1 Community Communication and Involvement

Community support is critical to our operations. With the goal of jointly creating a good communityrelationship, and based on the community involvement framework, we take it as our core task to promotethe social and economic development of all regions where our projects are located, and share the fruitsof economic development with the whole society through economic contributions such as tax payment,employment, compensation and welfare, as well as community investment.We are committed to creating meaningful, constructive, and positive dialogues with local communitiesand listening to their voice and appeals, so as to minimize or ease the risks of our production andoperations activities. We strengthen communication among stakeholders, extensively listen toand respond to the expectations and demands of all stakeholders, and through transparent andopen communication and appeal mechanisms, solve complaints and grievances reported from thecommunities, and seek solutions through consulting to ensure the smooth operation of each base.

Ronbay Technology - Working together tocreate good community relations

Guizhou Ronbay regularly holds interactiveactivities between village and enterprise to sendliving materials and blessings to the surroundingresidents, so as to express gratitude for theirsuppo®î and give back to the society with love.

In February 2023, in the event of ¡°Walking intothe Fire Brigade¡±, Ronbay Hubei¡¯s Volunteer FireSafety Team walked into Gedian Fire Brigade andinvited ®êre rescue o®æcers and soldiers to launch®êre ®êghting skills training.

Case study

7.2 Rural and Industrial Revitalization

We regard rural revitalization as an impo®îant way to ful®êll our social responsibilities, and continuouslycreate sustainable economic and social value for local communities and people and promote commonprosperity by focusing on employment promotion, rural public welfare and industrial revitalization.By settling down and expanding the scope of employment areas, the company can improve the level oflocal employment, create jobs, help rural areas to retain local talents, and provide a sustained impetusfor the overall revitalization of rural areas. Meanwhile, the company insists on driving rural revitalizationby indust®ñ, actively mining local characteristics and industrial development potential, and helping localindustries to enhance industrial competitiveness.

7.1 Community Communication and Involvement

7.2 Rural and Industrial Revitalization

7.3 Repay the Society with Charity Donations

104£ü

£ü

Ronbay Guizhou also actively pa®îicipated in rural public welfare unde®îakings and social responsibilityprojects, set up charity projects, donations and poverty alleviation projects; besides, it regularlyorganized employees to pa®îicipate in volunteer se®ïice activities, helped the elderly, the disabled andother vulnerable groups in the communities, and carried out activities for local left-behind children,lonely elderly, nursing homes and welfare homes on a qua®îerly basis.

In addition, Ronbay Guizhou focused on the cooperation with local governments and business pa®înersto help enhance the basic capacity of the rural value chain. Together with local governments, we havedeveloped economic development plans, invested in the construction of multi-phase industrial parks,attracted many upstream and downstream enterprises to settle in, and promoted the formation of localindustrial clusters. At the same time, we established strategic cooperative relations with other enterprisesto jointly develop new products and markets, and realize resource sharing and complementaryadvantages.

Greetings to the pove®îy-struck population in the surrounding communities

Ronbay Guizhou - Actively involved in rural publicwelfare unde®îakings and social responsibilityCase study

Since its establishment, Ronbay Guizhou has adhered to the concept of ¡°taking root in the local areaand serving society¡±, and has always been committed to establishing a mutually beneficial and win-win partnership with the local area. Ronbay Guizhou offers a lot of jobs for the local community andintroduces advanced production technology and equipment into first-class factories and productionlines. It also cooperates with local universities actively, creates opportunities for R&D partnershipprojects and internship oppo®îunities for students, encourages the students to pursue majors related tothe company¡¯s business and turns rural talents into the dynamic force for rural development. Since 2016,it has directly or indirectly employed about 5,000 local employees, and o®ãered jobs for about 270 localswith disabilities. Through the college-enterprise cooperation, it o®ãered jobs for around 150 local collegegraduates and about 300 local college students with an alternation of work and study.

7.3 Repay the Society with Charity Donations

Focusing on the communities, we implement targeted pove®îy alleviation for the vulnerable and pove®îy-stricken in local communities, plan and launch various public welfare and charity projects to suppo®î thevulnerable groups, provide them with basic living materials, solve their basic needs, and actively respondto social issues.In 2023, we carried out humanistic care work among the vulnerable groups in the local communitiesthrough charitable donations and greetings for the elderly. We will continue to work with stakeholdersand actively practice corporate social responsibility. During the reporting period, we participated incharity and public welfare donations with an amount of 750,000 yuan.

202320222021Amount (tenthousand yuan)

75.0031.6336.50

Objects andamounts of

donation

(1) Charity Fund of Yuyao Charity

Federation-High-quality educationdevelopment of Linshan Town: 100,000yuan;

(2) 50,000 yuan in Jianmin Village, Xiaocao'e

Town, Yuyao City;

(3) Xiantao Red Cross Society-100,000

spo®îs unde®îakings

(4) Suppo®îing the Provincial Middle School

Games in Ezhou and donating 500,000 yuanto the special ®ênancial account of Ezhou.

(1) A donation of 50,000 yuan for Beijing Jinghua

Public Welfare Foundation;

(2) A donation of 100,000 yuan for Ningbo

Institute of Materials Technology andEngineering, Chinese Academy of Sciences;

(3) A donation of 150,000 yuan for charity funds

of Yuyao Charity Federation;

(4) A donation of 16,300 yuan for private burden

fund (cash) donation for enterprise contactresearch and development talents training / theindustrial group of Korea National University ofTranspo®îation.

A donationof 365,000yuan forBeijingJinghuaPublicWelfareFoundation

In order to enhance the social responsibility andcohesion of our employees, convey the warmthand love of Ronbay, and respond to the nationalcall of care for the elderly, Ronbay Guizhou heldcharity activities among the elderly in DawaVillage, Shenxi Town, Zunyi City on April 26, 2023.

On July 23, 2023, the ¡°Ronbay Lithium BatteryCup Swimming Competition¡± title-sponsored byRonbay Hubei came to a successful conclusion.The swimmers of 12 teams from cities andprefectures across the province did their best inthe competition, presenting a wonderful visualfeast for eve®ñone.

Love and warmth from us - Ronbay Guizhou¡¯sgreetings and charity activities for the elderlyCase study

106£ü

£ü

Total assets (100 million yuan)147.01256.60246.39Product output (ten thousand tons)7.2511.4313.29Sales revenue (100 million yuan)102.59301.23226.57R & D investment (ten thousand yuan)35,950.26 48,655.4335,424.45Government reward and suppo®î fund (ten

thousand yuan)

15,562.605,967.6912,690.81Charity and public welfare donations (ten

thousand yuan)

36.5031.6375.00Special investment in environmental

protection (ten thousand yuan)

/1,746.812,212.89Production safety input (ten thousand yuan)909.18 1,802.062,802.05

Indicator category202120222023

Indicator category202120222023

Economic Pe®íormance

Number of risk control audits (times)483018Problems identi®êed in the audits7543129Number of risk management training sessions

(times)

0´Î4´Î2´ÎAudit coverage rate (bases)80%71%75%Signing rate of commitment letter on integrity100%100%100%Business ethics training coverage100%100%100%

Risk Prevention and Control and Integrity Management

Appendix 1: ESG Pe®íormance ListCorporate Governance and Economic Pe®íormance

Power consumption (MWH)371,461.88668,085.61849,948.17

Steam (tons)/86,256136,533Natural gas (m 3)/517,429632,731

Catego®ñ202120222023Energy Consumption

Invention applications125261

Inventions granted6072104Applications for utility models122343469Utility models granted81274346

Internal Information Security Audit (times)6Third-pa®îy Information Security Audit (times)1Information Security Audits upon Depa®îure (person-times)168

Indicator catego®ñ(cumulative) (items)

Indicator catego®ñ

202120222023

2023

Intellectual Prope®îy

Information Security and Privacy Protection

Environmental Pe®íormance

108£ü

£ü

Range 1 (tons of CO 2 equivalent)3,628.027,194.06Range 2 (tons of CO 2 equivalent)319,310.58516,925.13Range 3 (tons of CO 2 equivalent)1,828,698.032,455,915.94Total greenhouse gas emissions (tons of CO 2

equivalent)

2,151,636.622,980,035.13Greenhouse gas emission intensity (tons of CO 2

equivalent / ton of products)

23.7422.53Note: In 2022, only the statistical data of Ezhou base and Zunyi base were veri®êed; in 2023, the statistical data covering Ezhou, Zunyi, Xiantao, Xiaocao¡¯e, Linshan,Zhongbei of Shanxi, JS and EMT bases in South Korea

Catego®ñ20222023

Greenhouse Gas Emissions

Total consumption of water (ten

thousand tons)

90.21155.87145.99Water consumption per unit ofproduct (tons / ton of product)

12.7813.6110.98Note: only data of Ezhou, Xiaocao¡¯e and EMT bases were veri®êed in 2021; Xiantao, Zhongbei of Shanxi and South Korea JS bases were not included in 2022;covering Ezhou, Zunyi, Xiantao, Xiao Cao E, Linshan, Zhongbei of Shanxi, JS and EMT bases of South Korea in 2023

Catego®ñ202120222023Water Resource

Packaging Material Recove®ñ-Tray (s)124200

Indicator catego®ñ2023Packaging Material Management

Solid waste

Hazardous waste (tons)/1,610.231,375.29Hazardous waste rate of a thousand-

ton product (ton / thousand-ton

product)

/14.19

10.35

General solid waste (ton)31147.50 32,381.0815,348.98General solid waste rate of athousand-ton of product (tons /

thousand ton product)

875.39285.30115.49Waste recove®ñ amount (tons)2694.688419.538,016.86

Note: 1. The waste recovers solid waste including jumbo bags; 2. Considering the accuracy of data, the data covered Zunyi, Xiaocao¡¯e and EMT in 2021; in 2022,covering Ezhou, Zunyi, Xiaocao¡¯e and EMT in 2022; in 2023, Ezhou, Zunyi, Xiantao, Xiaocao¡¯e, Linshan, Zhongbei of Shanxi, JS and EMT bases in South KoreaWaste gasNitrogen oxide emissions (tons)7.0314.1910.12Dust emissions per unit of product (g /

ton of output)

/197.8193.46Note: 1. Nitrogen oxide emissions based on EMT in 2021 and 2022, and based on Zhongbei and EMT bases in 2023; 2. The dust emissions based onEzhou, Zunyi, EMT and JS bases in 2022 and covering the Ezhou, Zunyi, Xiantao, Xiaocao¡¯e, Linshan, Zhongbei of Shanxi, JS and EMT bases of SouthKorea in 2023WastewaterTotal wastewater discharge (tons)189483.52 255,416.56264,882.05Emissions per unit of output (tons /

ton)

10.582.251.99Note: In the past three years, the wastewater management of major bases has been gradually strengthened. Considering the rationality of statistical data, thedischarge index of wastewater discharge per unit of output = total wastewater discharge / total output of the base is selected. Data sources: Statistical data offactories in Zunyi and EMT of South Korea in 2021; statistics of Ezhou, Zunyi, Xiaocao¡¯e, EMT etc. in 2022; covering the bases in Ezhou, Zunyi, Xiantao, Xiaocao¡¯e,Linshan, Zhongbei of Shanxi, JS and EMT bases of South Korea in 2023

Catego®ñ202120222023Pollutant Treatment

110£ü

£ü

Customer complaint handling rate100%100%100%

Customer satisfaction96.69%96.10%

96.80%

Catego®ñ202120222023Customer Se®ïice

Number of RD personnel

(persons)

497599647The propo®îion of R & Dpersonnel to the total number ofemployees in the company (%)

14.1212.19

14.79

Number of R & D personnel withPhD degree (persons)

131227Number of R & D personnel witha master¡¯s degree (persons)

197258337

Catego®ñ202120222023

R&D and Innovation

Annual number of assessed

suppliers

91854Propo®îion of assessment53%67%100%Number of training61015

Catego®ñ2021Äê2022Äê2023Äê

Supplier Management

Social Pe®íormance

(%) by gender

Male767675Female242425By age (persons)Under 30 years (including 30

years)

11311698151030-50 years (excluding 30 years,including 50 years)

213027262678Over 50 (excluding 50)258220188By academic degree (persons)

PhD161732Master351491

Bachelor71011251095Below bachelor244230112625

Total number of employees (persons)351946444376

Catego®ñ202120222023Employment

Annual length of employee training

(class hours / year)

3339044507Employee training investment (ten

thousand yuan / year)

343.8115.6

Catego®ñ20222023

Employee Training

112£ü

£ü

Number of types of training courses

(sessions / year)

57375Average length of employee training(class hours / person / year)

20.59

27.38

By target group2023Äê

Young talentsA total of 36 courses, 44.5 hours, with 235 traineesNew employeesA total of 64 courses, 78 hours, with 474 traineesGrass-roots workersA total of 1,738 courses, 1,887 hours, with 22,264 trainees

Depa®îure rate due to work-related injuries (200,000

working hours)

0.077

Safety education and training (times)2520Safety education and training duration (hours)20405

Emergency drills (times)

Employee involvement rate100%Occurrence of occupational disease accidents0Quali®êed rate of occupational health of employees100%

Catego®ñ2023

Occupational Health and Safety

Appendix 2: Chronicle of Events in 2023Serialnumber

Chronicle of events in 2023

The company¡¯s globalization strategy was released. In August 2023, three special pressconferences were held (in Beijing, South Korea and Shenzhen), attended by more than 600,000people worldwide online to fully promote our globalization strategy.

The organizational reform of three systems has been completed, and a platform, matrix andprocess-based organization has been initially constructed, forming a professional functionalplatform.

We have made breakthroughs in overseas customers, and our customer structure has beenimproved

The ®êrst phase of the South Korea positive electrode base has been fully completed and putinto operation, and the second phase has been commenced

In 2023, the global market share of our terna®ñ positive electrode exceeded 10%, leading theglobal sales volume for three consecutive years

Commercialization of ultra-high nickel 9 series products achieved, with a monthly supply ofmore than 1,000 tons

We were selected for the ®êrst time among the Top 500 Private Enterprises in China, Top 500Listed Companies in China selected by Fo®îune and Top 500 Private Manufacturing Enterprisesin 2023

The directional add-issuance of 1.334 billion yuan ®ênished, and the subscribed order scale ofmarket funds reached 2.134 billion yuan, achieving over-subscription by nearly 160%.

We handled 357 patents in the year, and won all patent lawsuits at home and abroad againstUmicore

The establishment of our American Holding Company & O®æce marked that our globalizationstrategy achieved a substantial progress in the United States

Skyland LMFP had grown rapidly in 2023, and become the preferred supplier among manyimpo®îant customers and taken the lead in technology in the indust®ñ12Established a strategic pa®înership with EVE Lithium Energy

114£ü

£ü

Appendix 3. Honors and Awards

YearAwarding institutionHonor title

2021Science and Technology Innovation Board DataResearch Center and the magazine Caijing

Title of ¡°Enterprises with Highest Investment Value on Science andTechnology Innovation Board in 2021¡±Forbes China¡°Top 50 Most Innovative Enterprises of China in 2021¡±Snowball¡°Top 100 In®ìuential Listed Enterprises in 2021¡±EVTank, Hairong Network, Battery Network,YiWei Institute of Economics, China BatteryIndust®ñ Research Institute, etc

In 2021, ranked first in the competitive brand list of positiveelectrode materials in China¡¯s lithium batte®ñ indust®ñThe Ministry of Industry and InformationTechnology

Title of ¡°National SRDI Little Giant Enterprises¡±

2022

Zhejiang Provincial Depa®îment of Economy andInformation Technology

In 2021, selected among the first batch of SRDI enterprises inZhejiangHurun Research Institute

Ranked 283th in the list of ¡°Top 500 Chinese Enterprises Selectedby Hurun in 2021¡±Equipment Indust®ñ Development Center of theMinist®ñ of Indust®ñ and Information Technology,China Automobile Power Battery IndustryInnovation Alliance

China¡¯s top 10 power batte®ñ supply chainsForbes ChinaForbes China 2022 List of China¡¯s Top 50 Innovative EnterprisesThe Cailian Press and the ¡°Science andTechnology Innovation Board Daily¡±

Listed Enterprises with Best ESG on Science and Technology

Innovation Board in 2022China Business NewsIn®ìuential Enterprises of the Year with Capital Market Value

2023

Cailian Press

New Energy Enterprises with Highest Investment Value in 2022

Selected by Cailian PressHurun Repo®îRanked 345th in the Hurun China Top 500 in 2022China Enterprise Evaluation Association148th in Top 500 in New Economy of ChinaEquipment Indust®ñ Development Center of theMinist®ñ of Indust®ñ and Information Technology,China Automobile Power Battery IndustryInnovation Alliance

Top 15 Enterprises with the Highest Growth PotentialThe magazine Fo®îuneTop 500 China¡¯s Listed Enterprises Selected by Fo®îuneLithium Research

Top 1 enterprise of terna®ñ positive electrode material in the lithium

batte®ñ material indust®ñ in 2023The All-China Federation of Commerce andIndust®ñ

China¡¯s Top 500 Private Enterprises in 2023

Top 500 Private Manufacturing Enterprises of China in 2023Securities Daily

Top 100 China¡¯s Listed Enterprises with Best ESG Selected by

Securities DailyChina Enterprise Evaluation AssociationChina¡¯s Digital Economy Enterprises TOP500Securities Times

Top 30 Valuable Listed Enterprises on Science and Technology

Innovation Board (17th event)State Intellectual Prope®îy O®æceNational Intellectual Prope®îy Advantaged Enterprises in 2023

Appendix 4: GRI Standards Index

Disclosedtopic/item

Disclosure titleChapter indexGRI 1: Foundation 2021GRI 2: General Disclosures 2021

2-1Organizational details1.1 About Ronbay2-2

Entities included in the organization¡¯s sustainabilityrepo®îing

About the Repo®î2-3Repo®îing period, frequency and contact pointAbout the Repo®î2-4Restatements of informationESG Pe®íormance List2-6

Activities, value chain and other businessrelationships

1.1 About Ronbay

3.1 Become a Pa®îner Preferred by Customers

3.3 Responsible Procurement

3.4 Advanced Manufacturing and Lean Quality

About the Repo®î2-7Employees

6. Talents Attracted for Co-building a Vigorous

Ronbay2-8Workers who are not employees

6. Talents Attracted for Co-building a Vigorous

Ronbay2-9Governance structure and composition2.1 Corporate Governance2-10

Nomination and selection of the highest governancebody

2.1 Corporate Governance

2-11Chair of the highest governance body

2.1 Corporate Governance

(For details, please refer to the 2023 Annual Repo®î

of Ningbo Ronbay New Energy Technology Co., Ltd.)2-12

Role of the highest governance body in overseeingthe management of impacts

2.1 Corporate Governance

1.3 Construction and Governance of Sustainable

Development System2-13Delegation of responsibility for managing impacts2.1 Corporate Governance2-14

Role of the highest governance body in sustainabilityrepo®îing

About the Repo®î

1.3 Construction and Governance of Sustainable

Development System2-15Con®ìicts of interest

2.1 Corporate Governance

(For details, please refer to the 2023 Annual Repo®î

of Ningbo Ronbay New Energy Technology Co., Ltd.)2-16Communication of critical concerns

1.3 Construction and Governance of Sustainable

Development System2-17

Collective knowledge of the highest governancebody

1.3 Construction and Governance of Sustainable

Development System2-18

Evaluation of the performance of the highestgovernance body

2.1 Corporate Governance

2-19Remuneration policies2.1 Corporate Governance2-20Process to determine remuneration2.1 Corporate Governance2-21Annual total compensation ratio

Omitted, owing to the need for confidentiality of

information 116£ü

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2-22Statement on sustainable development strategyMessage from Chairman2-23Policy commitments2.4 Business Ethics2-24Embedding policy commitments2.4 Business Ethics2-25Processes to remediate negative impacts2.4 Business Ethics2-26

Mechanisms for seeking advice and raisingconcerns

2.4 Business Ethics

2-27Compliance with laws and regulationsSee sections of the repo®î for details2-28Membership associationsSee sections of the repo®î for details2-29Approach to stakeholder engagement

1.3 Construction and Governance of Sustainable

Development System2-30Collective bargaining agreements

Omitted, owing to the need for confidentiality of

informationGRI 3£ºMaterial Topics 20213-1Process to determine material topics1.3.4 Material Topics and Management3-2List of material topics1.3.4 Material Topics and ManagementGRI 3£ºMaterial Topics 2021-Economic Pe®íormance3-3Management of material topics1.3.4 Material Topics and ManagementGRI 201£ºEconomic Pe®íormance 2016201-1Direct economic value generated and distributedSee ESG Pe®íormance List201-2

Financial implications and other risks andoppo®îunities due to climate change

4.1 Addressing Climate Change

201-3

Defined benefit plan obligations and otherretirement plans

6.1.3 Employee Welfare (Pa®îially unaccounted for

and unable to disclose at this time)201-4Financial assistance received from governmentSee ESG Pe®íormance ListGRI 203£ºIndirect Economic Impacts 2016

203-1Infrastructure investments and se®ïices suppo®îed

7. Practicing the Mission of Corporate Citizenship in

Community Building203-2Signi®êcant indirect economic impacts

7. Practicing the Mission of Corporate Citizenship in

Community BuildingGRI 204£ºProcurement Practices 2016

204-1Procurement Practices

Omitted, owing to the need for confidentiality of

informationGRI 205£ºAnti-corruption 2016205-1Operations assessed for risks related to corruption2.4 Business Ethics205-2

Communication and training about anti-corruptionpolicies and procedures

2.4 Business Ethics

205-3

Confirmed incidents of corruption and actionstaken

2.4 Business Ethics

GRI 206£ºAnti-competitive Behavior 2016

206-1

Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

2.4 Business Ethics

GRI 3£ºMaterial Topics 2021-Environmental Pe®íormance

Disclosedtopic/item

Disclosure titleChapter index

3-3Management of material topics1.3.4 Material Topics and ManagementGRI 301£ºMaterials 2016301-1Materials used by weight or volume4.3.1 Raw Material Recycling301-2Recycled input materials used4.3.1 Raw Material Recycling301-3Reclaimed products and their packaging materials

4.3.1 Raw Material Recycling

4.3.3 Management of Packaging Materials

GRI 302£ºEnergy 2016

302-1Energy consumption within the organizatioSee ESG Pe®íormance List302-2Energy consumption outside of the organization

Omitted, owing to the need for con®êdentiality ofinformation302-3Energy intensitySee ESG Pe®íormance List302-4Reduction of energy consumptionSee ESG Pe®íormance List302-5

Reductions in energy requirements of products andse®ïices

4.2 Coordination in Energy Saving and Carbon

ReductionGRI 303£ºWater and E®èuents 2018303-1Interactions with water as a shared resource4.3.2 Water Resource Management303-2Management of water discharge-related impacts

4.3.2 Water Resource Management

5.2.3 Wastewater Management

303-3Water withdrawalSee ESG Pe®íormance List303-4Water discharge5.2.3 Wastewater Management303-5Water consumptionSee ESG Pe®íormance ListGRI 304£ºBiodiversity 2016304-1

Operational sites owned, leased, managed in, oradjacent to, protected areas and areas of highbiodiversity value outside protected areas

5.3.4 Biodiversity Conse®ïation

304-2

Signi®êcant impacts of activities, products andse®ïices on biodiversity

5.3.4 Biodiversity Conse®ïation

304-3Habitats protected or restored5.3.4 Biodiversity Conse®ïation304-4

IUCN Red List species and national conse®ïationlist species with habitats in areas a®ãected byoperations

5.3.4 Biodiversity Conse®ïation

GRI 305£ºEmissions 2016305-1Direct (Scope 1) GHG emissions

4.1.3 Carbon Emission Management

ESG Pe®íormance List305-2Energy indirect (Scope 2) GHG emissions

4.1.3 Carbon Emission Management

ESG Pe®íormance List305-3Other indirect (Scope 3) GHG emissions

4.1.3 Carbon Emission Management

ESG Pe®íormance List305-4GHG emissions intensity

4.1.3 Carbon Emission Management

ESG Pe®íormance List

Disclosedtopic/item

Disclosure titleChapter index

118£ü

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305-5Reduction of GHG emissions

4.1.3 Carbon Emission Management

ESG Pe®íormance List305-6Emissions of ozone-depleting substances (ODS)Omitted, not applicable305-7

Nitrogen oxides (NOx), sulfur oxides (SOx), andother signi®êcant air emissions

5.2.2 Waste Gas Management

ESG Pe®íormance ListGRI 306£ºWaste 2020306-1

Waste generation and signi®êcant waste-relatedimpacts

5.2.1 Waste Management

306-2Management of signi®êcant waste-related impacts5.2.1 Waste Management306-3Waste generatedSee ESG Pe®íormance List306-4Waste dive®îed from disposalSee ESG Pe®íormance List306-5Waste directed to disposalSee ESG Pe®íormance ListGRI 308£ºSupplier Environmental Assessment 2016

308-1

New suppliers that were screened usingenvironmental criteria

3.3 Responsible Procurement

308-2

Negative environmental impacts in the supplychain and actions taken

3.3 Responsible Procurement

GRI 3£ºMaterial Topics 2021-Social Pe®íormance

3-3Management of material topics1.3.4 Material Topics and ManagementGRI 401£ºEmployment 2016401-1New employee hires and employee turnover

Omitted, owing to the need for con®êdentiality ofinformation401-2

Bene®êts provided to full-time employees that arenot provided to tempora®ñ or pa®î-time employees

6.1 Employee Rights and Bene®êts

401-3Parental leave6.1 Employee Rights and Bene®êtsGRI 402£ºLabor/Management Relations 2016402-1

Minimum notice periods regarding operationalchanges

Omitted, this data is not currently available.GRI 403£ºOccupational Health and Safety 2018

403-1

Occupational health and safety managementsystem

6.4 Occupational Health and Safety

403-2

Hazard identi®êcation, risk assessment, and incidentinvestigation

6.4 Occupational Health and Safety

403-3Occupational health se®ïices6.4 Occupational Health and Safety403-4

Worker pa®îicipation, consultation, andcommunication onoccupational health and safety

6.4 Occupational Health and Safety

403-5Worker training on occupational health and safety6.4 Occupational Health and Safety403-6Promotion of worker health6.4 Occupational Health and Safety403-7

Prevention and mitigation of occupational healthand safety impacts directly linked by businessrelationships

6.4 Occupational Health and Safety

Disclosedtopic/item

Disclosure titleChapter indexÅû¶Ïî±êÌâÕ½ÚË÷Òý

403-8

Workers covered by an occupational health andsafety management system

6.4 Occupational Health and Safety

403-9Work-related injuries6.4 Occupational Health and Safety403-10Work-related ill health6.4 Occupational Health and SafetyGRI 404£ºTraining and Education 2016404-1Average hours of training per year per employee6.2 Enable Employees for Win-win Growth404-2

Programs for upgrading employee skills andtransition assistance programs

6.2 Enable Employees for Win-win Growth

404-3

Percentage of employees receiving regularpe®íormance and career development reviews

6.2 Enable Employees for Win-win Growth

GRI 405£ºDiversity and Equal Oppo®îunity 2016

405-1Diversity of governance bodies and employees6.1.1 Equality and Diversity405-2

Ratio of basic sala®ñ and remuneration of womento men

Omitted, owing to the need for con®êdentiality ofinformationGRI 406£ºNon-discrimination 2016406-1

Incidents of discrimination and corrective actionstaken

6.1 Employee Rights and Bene®êts

GRI 408£ºChild Labor 2016408-1

Operations and suppliers at signi®êcant risk forincidents of child labor

6.1 Employee Rights and Bene®êts

3.3 Responsible Procurement

GRI 409£ºForced or Compulso®ñ Labor 2016

409-1

Operations and suppliers at signi®êcant risk forincidents of forced or compulso®ñ labor

6.1 Employee Rights and Bene®êts

3.3 Responsible Procurement

GRI 413£ºLocal Communities 2016

413-1

Operations with local community engagement,impact assessments, and development programs

7. Practicing the Mission of Corporate Citizenship in

Community Building413-2

Operations with signi®êcant actual and potentialnegative impacts on local communities

7. Practicing the Mission of Corporate Citizenship in

Community Building

5. Harmonious Coexistence with Environment

through Eco-friendlinessGRI 414£ºSupplier Social Assessment 2016

414-1

New suppliers that were screened using socialcriteria

3.3 Responsible Procurement

414-2

Negative social impacts in the supply chain andactions taken

3.3 Responsible Procurement

GRI 416£ºCustomer Health and Safety 2016

416-1

Assessment of the health and safety impacts ofproduct and se®ïice categories

3.4 Advanced Manufacturing and Lean Quality

416-2

Incidents of non-compliance concerning the healthand safety impacts of products and se®ïices

Omitted, owing to the need for con®êdentiality of

informationGRI 418£ºCustomer Privacy 2016418-1

Substantiated complaints concerning breaches ofcustomer privacy and losses of customer data

2.4.4 Information Security and Privacy Protection

Disclosedtopic/item

Disclosure titleChapter index

120£ü

£ü

Tel£º0574-62730998E-mail£º[e-mail]£ºhttp://www.ronbaymat. comAddress£º8th Floor, Century Jinyuan Business Center, No.69-2 Banjing Road, Haidian District, Beijing

Environmental, Social and Governance Report 2023