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爱玛科技:2022 Environmental Social and Governance(ESG) Report 下载公告
公告日期:2023-05-31

Stock Abbreviation: Aima TechnologyStock Code: 603529

Environmental,Social and Governance(ESG) Report

2022

Table of Contents

Special Topic 2: AimaBrand Goes Global

Aima Brand DefinitionAima Brand ActivitiesAima Brand Promotion

Being Compatible andopen, Joining Hands for aWin-Win Future

Taking Responsibility andProtecting the EcologicalHomeland

211503

Consolidating the Foundationof the Company with HighIntegrity

Special Topic 1: Green Travellingand Enjoying a Smart LifeLeading the Long Riding Track withChampion MileageOpening up a New Riding Experience withSmart Equipment

Striving Based, ShoulderingSocial Responsibility BravelyLow-Carbon Travelling,Walking into AimaTechnology

Message from Chairman

Working Hand in Handfor a Better FutureAppendixEnvironmental Management andResponsibility ConstructionEnergy Saving, Carbon Reduction, andRecycling EconomyEmission Control Measures for Reachingthe StandardsGreen Operation and SustainableDevelopment

Communications withStakeholdersSubstantive Issue AnalysisESG Important Issues

Corporate GovernanceInformation DisclosureInvestor Relations and Respondingto ExpectationsAnti-BriberyRisk Management and ComplianceOperationInformation SecurityParty Building Work

Being Technology-driven, Open andinnovativeLean Production and Green ManufacturingManagement System for Assured QualitySincere and User-First ServicesMulti-party Collaboration and Win-WinCooperationInformation Empowerment and DigitalTransformationPeople First, Heading Hand in HandDeveloping with Responsibility, GivingBack to Society

Company ProfileDevelopment HistoryStrategic AxisMain ProductsCorporate CultureKey Performances and CompanyHonors

Key Performances TableIndex GuideFeedback Form

Time of ReportBoundary of ReportSources of InformationForm of Report

Report Preparation Standards:

About This Report

This report is the first Environmental, Social,and Governance (ESG) report publishedby Aima Technology Group Co., Ltd. tostakeholders. The text information andperformance mentioned in this Report aredated from January 1, 2022 to December31, 2022. Some of them may reflect theperformance of past years or the policies andpractices of the year 2023.

This report discloses the performancein the economic, corporate governance,social and environmental responsibilitiesof Aima Technology Group Co., Ltd.(hereinafter referred to as “AimaTechnology” or the “Company” or the“Group” or “we”) and its subsidiaries. Allrelevant typical cases come from theCompany and its affiliated enterprises.

The information and data disclosed in this reportare sourced from Aima Technology's internal formaldocuments, statistical reports, and annual reports. Theboard of directors and all directors of the Companyguarantee that there are no false records, misleadingstatements, or major omissions in this Report, and they holdjoint and several liabilities for the authenticity, correctness,and completeness of this Report. The financial data in thisReport are presented in RMB. In case of inconsistencieswith the financial report, the financial report shall prevail.

This report is available foryour reading in electronicform. You may log inthe Company's officialwebsite or Shanghai StockExchange (www.sse.com.cn) to inquire and read theelectronic report.

References of namesGuangdong Aima Vehicle Technology Co., Ltd. (hereinafter referredto as "Guangdong Vehicle")Jiangsu Aima Vehicle Technology Co., Ltd. (hereinafter referred toas “Jiangsu Vehicle”)Tianjin Aima Vehicle Technology Co., Ltd. (hereinafter referred toas “Tianjin Vehicle”)Henan Aima Vehicle Technology Co., Ltd. (hereinafter referred toas “Henan Vehicle”)Guangxi Aima Vehicle Technology Co., Ltd. (hereinafter referred toas “Guangxi Vehicle”)Chongqing Aima Vehicle Technology Co., Ltd. (hereinafter referredto as “Chongqing Vehicle”)

Guidance on Social Responsibility Reporting (GB/T36001-2015)Guidelines on Corporate Social Responsibility Reporting for Chinese Enterprises (CASS-ESG5.0) ofChinese Academy of Social SciencesUnited Nations 2030 Sustainable Development Goals (SDGs)Guiding Opinions on Better Fulfillment of Social Responsibilities by State-owned Enterprises, State-owned Assets Supervision and Administration Commission of the State Council (SASAC)ISO26000: Guidance on Social Responsibility (2010), International Organization for StandardizationGRI Standards, Global Sustainability Standards Board (GSSB)Guidelines for Compiling “Corporate Social Responsibility Fulfillment Reports”, Shanghai Stock ExchangeNotice on Strengthening Social Responsibility of Listed Companies, and the Release of “Guidelines forEnvironmental Information Disclosure of Listed Companies from Shanghai Stock Exchange”, ShanghaiStock Exchange

Message fromChairman

The extremely hot and severely cold weather in 2022 have once againmade us realize that climate change has become an urgent issue thataffects everyone's life, and "carbon neutrality" has gradually shifted froma global consensus to global actions. Under this critical issue of humansurvival, as the main participants in economic activities, enterprises havethe obligation to manage the relationship with environment and socialsustainable development. In addition, ESG (environmental, social, andgovernance) concepts are attracting more and more attention fromenterprises, investors, governments and all sectors of society as theglobal economic growth slowing down and resource and environmentalconstraints becoming increasingly severe. To achieve high-qualitysustainable development, enterprises need to re-examine their growthmodels, integrate ESG concepts into their development strategies andbusiness decisions, and improve their corporate social performances andsustainable development levels through ESG management.The electric two-wheeler industry is a new energy transportationmanufacturing industry born and achieved sustained and rapiddevelopment in China. With its natural attribute of low carbon andenvironmental protection, its per capita carbon emissions (unit: Kg/Km) are low among the research, statistics and comparison of varioustransportations. However, the industry has not yet formed a relativelyscientific and complete carbon emission reduction theory, product lifecycle carbon footprint analysis system, and ESG action framework in itsshort development period of over 20 years. Since 2019, various regulatorylaws and regulations including the New National Standards and the policyof “one invoice for one vehicle” have been implemented to rectify thedisorder of the industrial development, promote fair and standardizedcompetition, and optimize resource allocation, resulting in a new trend ofindustry development. At the same time, the industry is receiving moreand more social attention and policy support at the historical junctureof the rise of the double carbon industry and the global wave of oil-to-electricity conversion, resulting in both unprecedented developmentopportunities and challenges of structural transformation.As a leading enterprise in the electric two-wheeler industry, AimaTechnology is committed to becoming a platform-based technologycompany that provides green and convenient travel solutions. At thecore of electric two-wheeler industry ecosystem, the Company linksthousands of suppliers upstream and distributors downstream, hasover 30,000 distribution and service outlets scattered throughoutcommunities across the country, and its products have penetratedinto tens of millions of households. We deeply understand that AimaTechnology has the ability and responsibility to take action more thanever, leading industry partners to jointly build a green and sustainablenew industrial ecosystem, actively embracing changes, exploring andpracticing ESG.Our BeliefsSince its establishment, Aima Technology has always adhered to thecorporate values of long-termism, users first, technology and innovationbased, compliance management and social responsibility, which are alsothe key factors for industries and enterprises to achieve sustainable andhealthy development, coinciding with the ESG concept. Therefore, ESGis a choice that we are willing to make and lets nature take its course,and more importantly, an active exploration of the future we make. ForAima Technology, ESG can provide action frameworks to better dealwith a series of risks and challenges, driving us to handle the relationshipbetween the enterprise commercial value and the environment andsociety with the concept of sustainable development, as well as the long-term governance of the Company.

Over the past year, we've devoted a lot of time and resources into researching, thinking, and then taking actions. First of all, weconfirmed the strategic position of ESG in the Company, and started to establish an ESG structure in both the governance andexecution layers to ensure that the ESG strategy can be better promoted and implemented.Firmly believing in the huge role that technology and innovation can play in solving environmental problems, we promotegreen R&D and green intelligent manufacturing. In investment decision-making, we not only take short-term costs and benefitsinto account, but also make long-term considerations, and besides our own economic accounting, we also include social andenvironmental benefits in our decision-making guidance.Upholding the development philosophy of “love”, that is love for society, love for users, love for employees, love for partners,and love for shareholders, we deeply understand that in addition to a platform-based technology company that providesgreen and convenient travel solutions. Aima Technology is also a carrier for stakeholders to achieve their expectations, goals,and even their life values. The Company will promote the well-being of users, employees, partners, shareholders and the wholesociety through its products, technologies, funds and the innovation of operation mode.Adhering to the bottom line of compliance management, which is one of the main reasons why the Company has become abenchmark for integrity and efficiency in the industry in the past, the Company take it as the defense line for the Company'shigh-quality development and the foundation for building a long-term governance structure and ESG management frameworksnow and in the future.Our ActionsBased on our values, capabilities, and concern for industrial and social issues, in the following ESG areas, Aima Technology hasobtained some achievements and will continue to make progress in the future:

1. Promote green R&D and manufacturing through technological innovation and resource input to participate in solving major

ecological and environmental problems and protect the Earth, the homeland we live by. Jiangsu Vehicle, the main southernproduction base of the Company, has obtained the green factory certification.

2. Focus on product and technological innovation to provide green and safe travel products that precisely meet the needs of

different user groups, realizing user value. Several important subsidiaries of the Company have obtained the qualification ofhigh-tech enterprises.

3. Work closely with suppliers, distributors, and other stakeholders to build harmonious industry ecology under the guide of

compliance, promoting the healthy development of the industry. Insist on input and industry cooperation in order to boostthe standing of our industry in the “double carbon” industrial chain. As of the end of 2022, the Company has organizedor participated in the drafting and issuance of a total of 25 national and industrial standards, promoting the standardizeddevelopment of the industry.

4. Put people first, showing respect for our staff, improving their competence and making them happy through making efforts

to provide them with a life of dignity and the realization channels for personal value. The Company won the IPA PlatinumEmployer Award for its outstanding employee care.

5. Give back to society, for the vulnerable groups and relatively underdeveloped areas to share the beautiful life brought

by social development. Pay attention to communities, contributing to build harmonious and vibrant communities. In recentyears, the Company has actively participated in the national plan of Rural Revitalization by promoting employment, donating,supporting ecological construction and other ways that adapt to local conditions, and won the award of “Excellent PracticeCases of Listed Companies in Rural Revitalization” issued by the China Listed Companies Association.

6. Construct a corporate governance mechanism that is based on legal rights and responsibilities, efficient and transparent,

effectively balanced, and operating orderly, and a digital risk prevention system with full coverage. In recent years, theCompany has made remarkable achievements in the construction of digital intelligent operation system, and won the “2022Ding-Ge Award of Annual Industrial Chain Leading Enterprise in the Digital Transformation Vanguard List”.

7. Continue to improve the institutionalized construction of anti-corruption and anti-fraud, insist on high standards of business

ethics, and build a complete institutional system and management procedures based on the corporate culture requirements ofhonesty and integrity, making anticorrosion and anti-corruption a top-down code of conduct for all Aima people, and extendingthese requirements to all partners of the Company, In recent years, the digital compliance training and online evaluation systemhas become the main platform for employee compliance education.We understand that some of the challenges mentioned above, such as solving major ecological and environmental problems,are not an overnight success, nor a vision that any enterprise can achieve alone. However, we believe the infinite powergenerated during persistently solving social problems and creating value for users will drive the continuous progress ofenterprises, industries, and society. Aima Technology is also willing to adhere to long-termism in the field of practicing ESG, andwill work together with the whole society to build a more beautiful and vibrant future of sustainable development!

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

0403

LOW-CARBON TRAVELLING,WALKING INTO AIMATECHNOLOGY2022 is the year of carrying out the national energy structuretransformation and upgrading, and is also the year of implementinggreen and low-carbon reforms. With the increasing awareness ofenvironmental protection and the worsening traffic conditions,electric two-wheelers, as a kind of tool for residents to travel in shortand medium distance, are increasingly recognized by consumers fortheir lightness, energy-saving and environment protection. With theimplementation of the New National Standard and the consumers'personalized pursuit of product appearance design and intelligentfunctions, the electric two-wheeler industry has entered a periodof accelerated transformation, and the product trend of beingdifferentiated, smart and high-end has become more prominent,promoting deep integration of the industry chain and innovationchain within the industry, and becoming an important engine for thesustained growth of the industry market scale. As a leader of theelectric two-wheeler industry, Aima Technology keeps up with thepace of national transformation and upgrading, seizes the opportunityof industry transformation, orients itself to the needs of society andusers, pursues progress while ensuring stability, promotes enterprisetransformation and upgrading, and launches green, low-carbon,fashionable, and intelligent products to meet the demands of users fortheir needs of green and intelligent travelling.

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

CompanyProfileAima Technology (603529.SH) wasfounded in 1999 and was listed onthe Shanghai Stock Exchange'smain board in June 2021. Its mainbusiness is R&D, production and saleof electric bicycles, electric mopedsand electric motorcycles. It wasone of the earliest manufacturersenterprises of electric two-wheelersin China and also one of the leadingenterprises in the industry.The Company continuously expandsthe green short and medium-distance travelling ecosystem basedon the production and R&D ofelectric two-wheelers and three-wheelers, promoting the boomingdevelopment of the industry of greenand smart electric two-wheelerand three-wheeler. In order to meetthe needs of global customers andusers, the Company has set up threebusiness segments of the DomesticBusiness Segment, the InternationalBusiness Segment, and the VentureCapital Business Segment below,and also has established thebusiness layout of multiple productbrands and service including Aima,Spozhman, and Aima VehicleService, so its businesses coveringvarious aspects of green, intelligent,and comfortable travel.Headquartered in Tianjin, AimaTechnology has seven productionbases in Tianjin, Jiangsu, Zhejiang,Guangdong, Guangxi, Henan, andChongqing and an intelligent centerin Hangzhou. At the same time, itsglobal dealers has exceeded 1,900,and retail stores have exceeded30,000.

0605

Tianjin (Jinghai)Jiangsu (Wuxi)Guangdong (Dongguan)Henan (Shangqiu)Zhejiang (Taizhou)Guangxi (Guigang)Chongqing (Tongliang)South China SeaIslands

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

0807

1999

19992009201420192021

Gotestablished

2009

2014

2019

2004

2010

2015

2020

2008

2011

2016

2021

2012

2017

20222013

2018Carried out theshareholding systemreform and createdthe 4S TerminalMode; Started theproduction base inShangqiu, Henan

Received a five-star certification ofEvaluation Systemfor After-sales ofService Commodity

Held Aima 20thanniversary; contractedwith BOSCH to becomeglobal strategic partnerswith each other; Soldaccumulatively over 41million vehicles aroundthe world; initiated digitaltransformation in 2019

Entered into theelectric vehiclemarket formally

Started the productionbase in Jinghai District,Tianjin, and established theadvantage of clusteringmanufacturing of electrictwo-wheelers and three-wheelers

Exported products tointernational marketsand obtained EUcertification; Openeda flagship store inSwitzerland, markinga step towardsglobalization;Became the first inthe industry to obtainproduction accessqualifications forelectric motorcycles

Topped the ChinaNet Promoter Score(C-NPS) rankingsreleased by Chnbrandfor 5 consecutive years

Expanded themarket quickly andpromoted franchisesand specialist shops

Started the productionbase in Dongguan,Guangdong, promotedthe localizationstrategy

Topped the brandpower of the electricbicycle industry underChina Brand PowerIndex (C-BPI) releasedby Chnbrand for5 consecutive years;became the onlystrategic cooperativeenterprise in theindustry for the CCTVNational Brand Plan

Manufactured the 50 millionth electricvehicle; got listed on the Main-Board Market for A shares in June2021; established the Aima ResearchInstitute; started the production basein Tongliang, Chongqing

Started theproduction base inWuxi, Jiangsu andTaizhou, Zhejiang

Topped the ChinaCustomer SatisfactionIndex (C-CSI) inthe electric bicycleindustry by the ChinaNational Instituteof Standardization;Prepared for listing,and initiated adiversified andinternationalindustrial layout

Annual productionexceeded 10 millionunits; retail storesexceeded 30,000Supported Ya'anearthquake relief, caredfor left-behind children,and aided disadvantagedfamilies

Topped the list of C-BPI

for 7 consecutive years in

electric vehicle industry;

got included in the CCTV

National Brand Program

for 2 consecutive years as

an industry leader; won the

National Model Enterprise

with Good Product Quality

and High Integrity; became

one of the First Electric

Bicycle Manufacturers

Meeting the Safety

Technical Specification for

Electric Bicycle

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win FutureAIMA’S HISTORY

Development History

Up to now

Single production baseradiating nationwide

National production

base layout

Product categoryexpansion andbrand upgrading

Digital andintelligenttransformation

Multi-wheel drive stage of capital,technology, and information

1009

Strategic AxisMain ProductsSince its establishment in 1999, Aima Technology has always oriented itself with users’ needs, providingthem with excellent products and services. Under the strategic axis of "Users First, Excellent Products, In-depth Development in the Market, Refined Operation", the Company continually strives for excellence andis committed to becoming a platform-based technology company that provides green and convenienttransportation solutions.

Based on its capabilities of precision product design and strong product R&D, Aima Technologyaccurately identifies the needs of various segmented consumer groups to establish a scientific productportfolio, providing consumers with a rich selection of vehicle models. At the same time, with its high-quality, long-range, intelligent, trend-setting products, the Company brings different user groups a newriding experience of technology, fashion, personal expression, comfortable riding, and safe traveling.Currently, the Company's main products include the Q Series, A Series, F Series, X Series, electric three-wheelers series, as well as bicycles, E-bikes, electric scooters and other green short and medium-distancetransportation tools. It continues to launch new products, constantly improving the ecosystem of greenshort and medium-distance transportation tools.Developing products based on customer needsProviding excellent services based on customerexperienceConducting operations based on customer thinking

Increasing input in R&D technologyEstablishing a product forward developmentsystemImproving product quality

Developing offline channels to improve single-store outputIntroducing customers form online platforms precisely tobuild a middle retail centerExpanding overseas markets to promote global management

Conducting excellent operations across theentire value chainImplementing all-round delicacy managementImproving overall operating efficiency

Users First

ExcellentProducts

In-depthDevelopmentin the Market

RefinedOperation

Four strategic axis of Aima Technology

Main Product Categories

Main productportfolio

Q Series

A Series

F Series

X Series

Electric ThreeWheelers Series

1211

Corporate CultureKey Performances and

Company HonorsAima Technology incorporates corporate culture into its daily business management. Starting from thevision of being a “world leading fashionable technology company for green travel”, the Company hasestablished a mission of “Fill the ride with love”. Guided by the values of “Users First, Striving Based,High Integrity, Technology Driven, Open and Innovative, Strong Sense of Responsibility”, the Companyestablishes a “Five Love” system of “loving society, loving users, loving employees, loving partners, andloving shareholders”, fully demonstrating its sense of responsibility and responsible actions.

Vision

Values

A world leadingfashionabletechnologycompany forgreen travel

Users First,Striving Based,High Integrity,TechnologyDriven, Openand Innovative,Strong Sense ofResponsibility

MissionFill the ridewith love

Vision, mission, and valuesof Aima Technology

Love society

Love users

Love employees

Love partners

Love shareholders

RevenueYuan’00002,080,221.3Net pro?tYuan’0000187,254.3Proposed cash dividendYuan’000074,940.9Accumulated sales ofelectric two-wheelers

/10,506,532Accumulated sales ofelectric three-wheelers

/261,446

Environmentalprotection input

Yuan’00002,042.3Number of newlyadded environmentalimprovementprojects

/29Acreage obtainedgreen factorycerti?cation

Square

meters

178,448.6Environmental safetytraining

Session(s)15

Average duration of employeesparticipating in compliancetraining

Hour(s)4Corruption-related lawsuitsoccurred in the Company

/0Input related to informationsecurity

Yuan’0000562.6Average duration ofemployees participating in lawpopularization training

Hour(s)8

R&D expensesYuan’000050,668.5Newly authorized patents/436Cumulative newproducts launched

/137New suppliers/38Average training hoursper employee

Hour(s)12.4Number of safetyproduction accidents

/0Social public welfareexpenses

Yuan’00002,751.1

ESG key performancesfor 2022

BusinessPerformances

EnvironmentalPerformances

SocialPerformancesGovernancePerformances

Aima Technology’s Five Love System

1413

Customer service

The Company was rated as the “MostRecommended Brand” of the 2022 ChinaNet Promoter Score (C-NPS).The Company has topped the brand powerof the electric bicycle industry under ChinaBrand Power Index (C-BPI) released byChnbrand for 11 consecutive years.

The Company was granted the title of “Top

200 Enterprises in China Light Industry”certified by China National Light Industry

Council

The Company won the “Green and SustainableDevelopment Contribution Award” at the 2022

International Green Zero Carbon Festival.

The Company won the “Low CarbonContribution Award of Listed Companies” at the2022 International Green Zero Carbon Festival.

The Company was awarded the China

Top 500 Brand Value Certificate by

brandcn.com.

Product manufacturing

Rural revitalization and public welfare undertakings

Green and low-carbonDesignBrand

The Company’s E390model won the silveraward of A Design Award

of Italy.The Company’s A500 and E390 models won the IF Design Award and IAI Design Award.

The Company’s factories in Guangdong, Guangxi, Jiangsu, and Chongqing obtained the Certificate ofthe World Manufacturer Identifier (WMI) Code accredited by the National Development and ReformCommission, the recognition of our comprehensive production and manufacturing capabilities

The Company attended the Construction ofNew Villages of “Ten Thousand EnterprisesSupporting for Ten Thousand Villages, One

Thousand Enterprises Allying with OneThousand Villages” and was awarded anhonorary certificate by Guigang Federation ofIndustry and Commerce and other agencies

The Company was granted as A Love-givingEnterprise of “Building Dreams for theFuture and Realizing Dreams for the Village”

by Guigang Municipality

The Company was granted the “RedCross Trophy of Universal Fraternity” bythe Red Cross Society of China Tianjin

BranchThe Company won the certificate of "Five-star Certification of National CommodityAfter-sales Service" issued by the NationalCommodity After-sales Service Conformity

Certification Evaluation Committee.

The Company won the “2022 Ding-GeAward of Annual Industrial Chain Leading

Enterprise in the Digital Transformation

Vanguard List”.

The Company was rated the robust level(level 3) of the Data managementcapability maturity assessment model

(GB/T36073-2018)

The Company received the Integrationof Informatization and IndustrializationManagement System Certificate (AAACertificate) of the China Classification

Society (CCS)

Digitalization and Intellectualization

1615

BEING COMPATIBLE ANDOPEN, JOINING HANDSFOR A WIN-WIN FUTUREThis report was prepared with a focus on the substantive issuesthat are of concern to our stakeholders. In order to better respondto their expectations, Aima Technology conducted an analysis andevaluation of these stakeholders and substantive issues throughdepartmental interviews, surveys, industry benchmarks, and otherforms of research, and identified substantive issues that are ofsignificant impact to the Company and its stakeholders, which werehighlighted in the report for disclosure and response.

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

1817

The suggestions and expectations of stakeholders have a significant impact on the sustainabledevelopment management of Aima Technology. The Company actively listens and responds to thedemands of all stakeholders in a timely manner, and continuously improves stakeholder communicationmechanisms, for ensuring regular communication with key stakeholders.

HoldingshareholdermeetingsActivelyresponding toshareholders’inquiriesEnrichingcommunicationchannels withinvestors

Proactively paying taxesaccording to lawImproving corporategovernanceCarrying outcomprehensive riskmanagementPromoting thedevelopment of relatedindustriesConducting extensiveemployment,Reducing carbonthroughout the entireprocessInnovating ruralrevitalization modelsActively participating insocial undertakings

Establishingan open andtransparentprocurementmechanismPromotingthe sunlightprocurement (thatis transparentprocurement)modelProtectingintellectualproperty rights

ConductingstrategiccooperationPromoting theformulation ofindustry standardsParticipatingin industryexhibitions

ConductingtalentcultivationStriving to makebreakthroughsin special issue

Hold dealerconferencesControllingdealers’ activitiesthroughout theentire process

Optimizing theenergy-savingattributes ofthe Company’sproductsPracticing energysaving andconsumptionreduction duringproductionEnsuringdischarge withcomplianceCarrying outpublic welfareactivities

Providingcompetitive salariesand benefitsEstablishing anoccupational safetysystemImproving theemployee careerdevelopmentsystemHolding regularlycongress ofworkers and staffOrganizingemployee activities

Improving full-process qualitycontrolIncreasing R&DinputImproving thecustomer servicesystemStrengtheninginformationsecurity protection

Stakeholders

Issues ConcernedCommunication Methods and Performance

Communications with Stakeholders

Shareholders and

Investors

SuppliersGovernments andSupervisory Organs

The Public(Media, NGOs)IndustryAssociationsProduct UsersDealersEmployees

ResearchInstitutesPayment of taxesaccording to lawComplianceoperationAnti-corruptionPromotionof economicdevelopmentPromotion ofemploymentClimate actionRural revitalizationCharitable events

Salaries andbenefitsHealth and safetyCareerdevelopmentDemocraticcommunicationCaring foremployee

Product qualitySatisfaction ofdiverse needsProvision of high-quality servicesPrivacy and datasecurity

Ecological

protection

Energy

saving and

consumption

reduction

Reduction of

emissions and

pollutants

Support for

community

development

Fair and openprocurementCompliancewith commercialethicsFair competition

IndustrycooperationIndustryprogress

Industry-University-ResearchcooperationTechnologicalinnovation

HonestoperationMutualdevelopmentImprovementof return oninvestmentsProvision ofshareholderservicesFair access toinformation

2019

By evaluating the relevance of various important issues to Aima Technology's business, the Companyclarifies ESG practices and information disclosure as a starting point, and customizes its own substantiveissue pool through communications with stakeholders.

The Company ranked the importance of the identified substantive issues based on their “importance tothe Company” and “importance to stakeholders”, and formed its substantive issue matrix by combiningthe feedback from stakeholders and the focus of peers.

Substantive Issue Analysis

ESG Important Issues

Substantive Issue Analysis

GovernanceIssues

Corporate governanceCompliance managementRisk managementAnti-corruptionIntellectual property managementPrivacy security managementInformation security management

Product qualityProduct R&D andinnovationCustomer serviceSupply chainmanagementDownstream dealermanagementResponsible marketing

Environmental managementTackling climate changeEnergy managementClean technologyopportunitiesResource managementWaste

EnvironmentalIssues

Importance to Aima Technology

Importance to Stakeholders

EnvironmentalmanagementWasteResourcemanagementClean technologyopportunitiesCorporate governanceCustomer serviceProduct qualityProduct R&D andinnovationEmployee trainingsand developmentSupply chainmanagement

Employee safety andhealthEnergy managementTackling climate changeIntellectual propertymanagementCompliance managementRisk managementAnti-corruptionDownstream dealermanagementPrivacy securitymanagementInformation securitymanagementRural revitalization

Giving back tocommunitiesEmployee rights andinterestsResponsiblemarketingEmploymentIndustry cooperationand development

ESG Important Issues

ImportanceLevel

Most ImportantVery ImportantImportant

Social Issues

Rural revitalizationIndustry cooperation anddevelopmentGiving back to communitiesEmploymentEmployee rights and interestsEmployee trainings anddevelopmentEmployee safety and health

EnvironmentSocietyGovernance

2221

CONSOLIDATING THEFOUNDATION OF THE COMPANYWITH HIGH INTEGRITYAima Technology firmly believes that governance based on high Integrity isthe cornerstone of sustainable development of a company. The Companycontinues to improve its internal compliance operations management, conductsspecial management for various risk points, and strictly prevents corruptionand bribery incidents. Through accurate and timely public informationdisclosure and multi-channel and multi-form investor relations communication,the Company shows its truest side to investors and stakeholders, and builds acorporate governance image of high Integrity.Our ActionsCorporate GovernanceInformation DisclosureInvestor Relations and Responding to ExpectationsAnti-BriberyRisk Management and Compliance OperationInformation SecurityParty Building Work

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

2423

Corporate GovernanceIn strict compliance with the Company Law of the People’s Republic of China, the Code of Corporate Governance forListed Companies and other laws, regulations and normative documents, the Company has established a corporategovernance structure of “Three meetings and one layer” and formed a scienti?c and standardized modern corporategovernance system that functions eciently, improving the transparency and eectiveness of corporate governance.

Shareholders'

Meeting

Board ofDirectorsGovernance

Audit Center

Corporate Governance Structure of Aima Technology

GeneralManager

Executive Layer

Board Oce

Board of SupervisorsSecretary of theBoard of DirectorsStrategy and DevelopmentCommitteeAudit CommitteeRemuneration andAppraisal CommitteeNomination Committee

Aima Technology won the “2022 Best Practice Award for the Board Oce ofListed Companies” issued by the China Association for Public Companies

During the reporting period,the Company held a total ofboard meetings,supervisor meetings,

shareholder meetings.

At the end of the reportingperiod, the Company’sBoard of Directors had

The Company’s Board ofSupervisors had

including

The Company convenes and holds shareholders’meetings strictly according to the Rules ofShareholders’ General Meeting of Listed Companiesand the Articles of Association and others. On thepremise of ensuring the legality and validity ofshareholders’ meetings, the Company treats everyshareholder equally, all shareholders especially theminority shareholders enjoy equal status, and all ofthem can fully express their opinions at the meetings.The Board of Directors of Aima Technology functionsin accordance with Company Law of the People’sRepublic of China and other laws and regulations aswell as Rules of Procedure for the Board of Directorsof the Company. The Board of Directors has set upcommittees including the Strategy and DevelopmentCommittee, Nomination Committee, Remunerationand Appraisal Committee, and Audit Committee toassist the board in its daily work and provide strongsupport for the Company’s sustainable development.The Board of Directors consists of nine members,including three independent directors, the membershave diverse industry backgrounds and richexperience in enterprise management. The diversi?edmembership structure lays a solid foundation for theCompany’s long-term development.The number of supervisors and the compositionof the board of supervisors comply with therequirements of relevant laws and regulations. Inaddition to convening and holding meetings of theboard of supervisors as required, all supervisors haveattended the Company’s previous shareholders’meetings and Board meetings on time.

Board ofDirectors

shareholders’

meetings

Board ofSupervisors

directors, includingindependent directors andfemale directors.

supervisors,employee supervisor.

meetings,

During the reportingperiod, Audit committeeof the Board held

the Nomination Committee held

meetings,

meetings,the Strategy and DevelopmentCommittee held

and the Remuneration andAppraisal Committee, held

meeting.

2625

Information DisclosureIn order to strengthen the management of information disclosure and ensure thetruthfulness, accuracy, completeness, timeliness, fairness, clarity, and ease of understandingof information disclosure, as well as to protect the legitimate rights and interests of theCompany and investors, Aima Technology strictly follows the regulations of the ShanghaiStock Exchange Listing Rules and the Company’s Information Disclosure ManagementMeasures to continuously improve the information disclosure process and enhance theprofessional capabilities of the drafting personnel, for achieving a deep understandingof the industry, peers, and the Company’s business, and improving the quality andeectiveness of information disclosure. The Company also implements a registration systemfor insiders and external information users, and takes measures to ensure the con?dentialityof information disclosure, so that all stakeholders can fairly obtain information.

During the reporting period,Aima Technology issued atotal of

announcementsDuring the reporting period,the Company’s informationdisclosure work wasevaluated by the ShanghaiStock Exchange as"A"

Aima Technology’ actions to strengthen its information disclosure

Improvement of internal

mechanisms

Improvement of personnel

capabilitiesThe internal transmission andreporting mechanism for informationThe preliminary co- examinationmechanism of the Board Oce formajor contractsThe mechanism of regularcommunication with key personnelThe multi-level informationdisclosure and announcementmechanism

Conducting in-depth industryresearchCarrying out internal businessresearchParticipating in businessdepartment training

The Company’s information disclosurework was evaluated by the Shanghai Stock

Exchange as “A”Main information disclosure channels of Aima Technology

Informationdisclosurechannels

TheCompany’socialwebsite

ShanghaiStockExchangeSecuritiesTimes

ShanghaiSecuritiesNewsChinaSecuritiesJournal

SecuritiesDaily

Investor Relations and Respondingto ExpectationsAima Technology attaches great importance to protecting the legitimate rights andinterests of shareholders especially the minority shareholders. The Company hasformulated the Investor Relations Management System, providing rich and convenientcommunication channels for investors to keep abreast of the dynamic developmentof the Company’s business. The Company actively cooperated with local associationsin Tianjin to organize the special activities of “Walking into Aima”, and promotes theestablishment of long-term and stable good interactive relationships between theCompany and investors through various media dissemination channels.

Aima Technology carries out rich and colorful investor relations activities

Establishing the WeChat ocial account of “Aima TechnologyChief Capital Ocer”Creating original 4-frame comics desk calendarsApplying for multiple investor relations management awardsDisclosing annual reports both in Chinese and EnglishEstablishing an "Investor Information Database" to strengthenthe communication with them

Performancebrie?ngAnalyst brie?ngRoadshows

On-site research and visitInvestor visitInquiries from analysts, investors,and the media

Regularcommunicationchannels

Mediadissemination

Cooperating with local associations to organize activities of“Walking into Aima” for investorsCooperating with Comein Finance to organize online exchangemeetings

Specialactivities

During the reporting period,the Company organized

brie?ng sessions in the formof online Q&A, andon-site investor researchactivities, held

performance

online exchanges withinstitutional investors,participated inmeetings, a total of

institutionswere covered

oine strategy

During the reporting period,a total of

articleswere published on theWeChat ocial accountof “Aima Technology ChiefCapital Ocer”, achievinga signi?cant increase in thenumber of followers

Aima Technology organized its Q3

performance brie?ng

The Company won the “2022 BestRoadshow Pioneer IR Team” issued by

Comein Finance.

The Company won the “2022 YinShi ·Value Company Award” issued by YinShi

Finance

2827

The Company won the “Most Valuable Investment Award of the

Year” by Securities Star

Aima Technology’s Analysis Report of “InvestorRelations-Capital Market Brand Building”Working System won the ?rst prize granted by

Chongqing Brand Association

Aima Technology’s original comic deskcalendar, it actively uses innovative formsto convey industry and company value to

investors

Aima Technology actively promotes low-carbonattributes of the industry, for improving theawareness of investors and the public on the newenergy nature of electric two-wheelers

QR code of the ocial account of“Aima Technology Chief Capital

Ocer”

Happy National Day, Low Carbon Mobility

Carbon emission per 100km (KG)Celebrate the National DayLow Carbon Publicity

Green mobilityMy contribution to the "doublecarbon goals"Double CarbonEmission Reductionand Green MobilityThe right-of-way of7 E-bikes = the right-of-way of 1 vehicle

Fuel vehicleFuelmotorcycleE-bikeThe emission reduction eect of riding an E-bikefor one year is equivalent to planting XX treesThe carbon emission reduction value generated bythe e-bikes sold by Aima every year is more thanRMBX billion

Carried out the activity of “Walking into Aima Technology” together, for enhancingcommunications and exchange with investorsCaseTo strengthen communications and cooperation with investors, under the guidance of the Tianjin Securities RegulatoryBureau, Aima Technology jointly organized activity of the “World Investor Week 2022”of investor’s visiting the listedcompany Aima Technology with Tianjin Association of Listed Companies, Tianjin Securities Association and Tianjin FundIndustry Association. More than 30 people participated in the event who were investors and heads of securities institutionsand fund management institutions in Tianjin. Mr. Wang Chunyan, the Secretary of the Board of Directors of Aima Technology,led the visitors to visit the Company and communicated with them face-to-face. This event built a bridge for sincere andeective communication between investors and the Company, allowing investors to have a more intuitive and comprehensiveunderstanding of the listed company, and also helping the listed company to understand the needs and expectations ofinvestors. At the same time, this event has also received high attention from many ?nancial media, demonstrating that theinvestor relations work of Aima Technology has always been improved.

Site of the“Walking into Aima Technology” event

The event was reported by multiple ?nancial media including Securities Times, Shanghai Securities News, China

Securities Journal, Securities Daily, etc.

3029

Anti-Bribery

The Company has always been adhering to a zero-tolerance attitude towards corruption and bribery, and takes incorruptibility as itsthe bottom line. It has formulated Regulations on Employee Integrity Management, Regulations on Compliance Evaluation Managementand others, regularly carries out special anti-corruption audits, and signs relevant agreements with employees, suppliers, distributorsand other partners, including Agreement of Performing Duties with Integrity, Sunlight Procurement Agreement, Sunlight DistributionAgreement, and Agreement of Cooperation with Integrity. In addition, the Company regularly conducts propaganda and training foremployees, establishes an open reporting channel, and encourages all sectors of society to supervise its anti-corruption and anti-briberywork, so that the wind of integrity can blow across its every corner.Propaganda and Training

During the reporting period, the Company conducted several anti-commercial bribery-related training, assessments, and propagandathrough a combination of online and oine methods, continuously improving employees’ awareness of integrity.

Average duration of employees participating incompliance training during the reporting period was

hours.

During the reporting period,the Company organizedoine training for the eaglets(graduates newly recruited)

participants,

with

and online trainingsfor employees in keypositions

participantseach time.with

trainings through the systemwere held for case warnings

with

1,400

participantseach time.

Aima Technology conducted training of performing duties with integrity for new employeesto establish a value of honesty and integrity.

CaseIn order to guide graduates newly recruited in establishing a value honesty andintegrity so that they can work in a clean-fingered and honest manner, AimaTechnology conducted special trainings on integrity for them. Based on typicalanti-corruption cases in recent years and the Company’s anti-corruption work, thetrainings propagated relevant rules and regulations of the Company, and told thenew employees to hold the bottom line. After the trainings, each new employeemust participate in a special assessment, and only those who pass the assessmentcan become regular employees.After the induction training, new employees were aware of the need to be honest,self-disciplined and self-constrained as Aima people, they should have a clearbottom line for their behavior, and keep integrity and self-discipline in mind all thetime, so laying a clean foundation for their future growth and career development

Materials for training of performingduties with integrity

Poster for the “Fragrant Zongzi, Clean

Dragon Boat Festival” quiz contest

Aima Technology’s online compliance training and assessment platform

Main channels for Aima Technology to receive reports

Smooth reporting mechanism.

Methods of reporting

Follow the "Honest Aima"WeChat ocial account

Aima Technology has created a reporting channel composed of “mail, telephoneand Wechat”, and publicly specified the scope, methods and procedures foraccepting reports, encouraging supervision by all sectors of society. At thesame time, the Company has established the Regulations on the Protectionand Rewards for Informant, which protects the legitimate rights and interestsof informants who report their real names, and rewards them with cash basedon the results of the investigation, through which, the Company motivates allstakeholders and society to report truthfully and in accordance with the rules andregulations.

3231

Risk Management andCompliance OperationRisk management and internal control are essential for modern enterprises to achieve stable and high-quality development. AimaTechnology continuously improves its internal risk management and compliance operations system, and organizes employees to conductrelevant law-abiding and compliance training, providing strong support for its law-abiding and compliance operation.

Strictly following the Basic Norms for Enterprise Internal Control and its supporting guidelines, andconsidering its actual situation, Aima Technology has established a company internal control and audit systemthat function based on Internal Control System of Aima Technology and Internal Audit System of AimaTechnology. At the same time, the Company ensure 100% audit of large investment projects within it throughthe combination of regular and irregular audit measures.In 2022, based on its own situation, the Company invited external experts to compile the Aima Group Co.,Ltd. Internal Control Manual, further standardizing and optimizing relevant business processes, clarifyinginternal control measures, decomposing and implementing internal control responsibilities, to ensure its law-abiding and compliance management, asset security, authenticity and integrity of ?nancial reports and relatedinformation, and improve operating eciency and eectiveness, thereby promoting the Company to achieveits development strategy.

The Company attaches great importance to risk management and has established a risk managementmechanism, which is a three-level risk control management system consisting of “business departments +functional departments + audit center” based on its own characteristics and external environment. The systemcan identify and analyzes risks in a timely manner and implement regular management of company risk. Inresponse to risk events, the Company has established a work process of event assessment, risk warning, anddepartment sorting, reducing their subsequent impact and formulating reasonable risk response strategies, sothat promoting the Company’s sustainable development.

RiskManagement

InternalControlManagement

Compliance Management Practice of Aima Technology

ComplianceManagement

To strengthen itscompliance governance,the Company focuseson the construction andimprovement of thecompliance operationsystem for listed companies,and carries out closed-loop management ofregular monitoring,accurate classi?cation andtracking of compliancerisks considering itsown actual situation andleveraging intelligent tools,so compliance managementsystem and ?rewall ofAima Technology has beenestablished.

Established a system forcompliance management:

institutional construction atthe level of the Three MeetingsSystem and the Board OceEstablished organizationalguarantee for compliancemanagement: Implementationof posts responsibilities forhigh-risk violationsEstablished case warningsfor compliance management:

special focus of three majorareas of violations

The key issue of compliancemanagement education:

continuous learningmanagement of the criticalminorityEstablishment of a trainingand weekly report system forcompliance educationThe system of pre-eventrepeated warnings of majorevents through emails, phones,and case sharing

System GuaranteeCompliance Education

The Board Oce of the Company took actions to promote the capital market compliance awareness of critical minorityincluding Directors and executives. These actions included conducting compliance training and releasing weekly reportsof capital market, thereby reducing compliance risks, and providing guarantee for the Company’s compliance operations.

weekly reports of capital marketwere released in 2022

Regularly releases the weekly reports of capital market to continuously improvecompliance awareness

Developed the platform of case studies and compliance education to continuouslypromote capital market compliance awareness

Case

CaseRelying on digital technologies, the Company has innovativelydeveloped the “Aima Technology’s Compliance Education Platformof Listed Company” and obtained software copyright. The modulesof news, laws and regulations, cases, trainings, and examinationswere set up on the platform to continuously promote capital marketcompliance awareness and promote corporate development.

Aima Technology’s Compliance Education Platform of Listed Company

Registration Certi?cate of Software Copyright forthe Listed Company Compliance Operation and

Management Training System

The Board Oce of the Company regularly releases the weeklyreports of capital market, instilling capital market knowledge intoDirectors and executives from the perspectives of key tips forthe week, industry news, capital concerns, regulatory trends andcases of violations, and vividly reproducing risk violations in theform of cases, so that they can take warnings and reduce theCompany’s compliance risks.

Collection of Capital Market Weekly Reports

3433

Information security is gradually becoming an important part of the Company’s security operation management. Strictly complyingwith the Data Security Law of the People’s Republic of China, the Personal Information Protection Law of the People’s Republic ofChina and other laws and regulations, Aima Technology has set up an Information Security Committee and revised the Regulations onInformation Security Management, System of Persons Responsible for Information and other con?dentiality rules, the entire process ofcon?dentiality management for employees from entry to departure are covered, reducing the information security risks of employees.At the same time, the Company will sign corresponding con?dentiality agreements with its partners before deep cooperation to ensurethe information security of both parties.In accordance with the national standard of Information Security Technology-PersonalInformation Security Specification” (GB/T35273-2020) and related laws and regulationssuch as Personal Information Protection Law of the People’s Republic of China, consideringthe actual situation of its APP and mini programs, Aima Technology has revised the PrivacyPolicy Terms for Aima Smart Riding to improve the mechanism of user personal informationprotection, which are prominently displayed within the product to remind users of reading,ensuring that the business functions provided by the Company match the user informationcollected. The terms explicitly indicate to users the purpose, method and scope ofcollecting and using personal information, and the user product information are collectedonly after the users know and clearly agree to the collection and usage rules.Aima Technology regularly conducts oensive and defensive exercises in coordination with thenetwork security department, carries out special optimization work for de?ciencies, organizesemployees to make digital security trainings for enhancing awareness, and establishesregulations on information security of “Ten Red Lines of Forbidden”. The Company also setsup a customized information security prevention and control system, firstly, professionalfirewall equipment is deployed to effectively prevent external illegal attacks; secondly, theserver access and manual internal internet access are supervised through bastion machinesand internet behavior management; in addition, information security hardware managementis strengthened through data backup, electronic office equipment unified procurementmanagement and others, establishing Aima Technology’s information security fortress.

Aima Technology organized employees to study the CivilCode, with a focus on interpreting the “Contract Section”Aima Technology organized employees to carry out the

popularization training of the Advertising Law

During the reporting period,the Company conducted

legal training sessions

The legal department of the Company pays attention to theformulation and revision of the national legal system, andtimely adjusts the Company’s relevant management systemto ensure the lawfulness and compliance of production andbusiness activities. In daily management, the Company timelydisseminates legal knowledge to employees at the grassrootslevel through propaganda and trainings of law popularization,strengthening their awareness of compliance.

Law-abidingOperation

Information Security

In 2022, no information securityincidents happened, and the Companyobtained the second-level certi?cateof “Information System SecurityLevel Protection Record” and therobust level (level 3) certi?cationaccording to the national standardof “Data management capabilitymaturity assessment model”(GB/T36073-2018).In 2022, the Company input a total of

5,625,800

yuan for information securityprotection.

Aima Technology successfully obtained the second-level certi?cate of “Information System Security Level

Protection Record”Aima Technology successfully obtained the robust level (level 3)certi?cation according to the national standard “Data managementcapability maturity assessment model” (GB/T36073-2018)Series of special training courses were conducted to strengthen the Company's datainformation securityCaseInformation security is the foundation for the development of modern digital companies. In order to preventinformation security incidents, Aima Technology added special training courses of data information securityto the employee online training system, asking employees to participate in these trainings and completeassessments. Through these courses, employee awareness of data information security is improved, informationsecurity risks are reduced, and the interests of the Company and stakeholders are protected from being infringedby information security risks.

Series of Data Information Security Courses

3635

Party Building WorkAima Technology is committed to implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and theimportant instructions of General Secretary Xi Jinping of “党要管党,党建要全覆盖;要积极推动民企党建工作探索,因地制宜抓好党建、促进企业健康发展.” The Company regularly holds “three meetings and one lesson” to study Party rules and regulations, and organizes all Partybranch members to do various learning tasks in accordance with the Guiding Handbook for Standardized and Normative Construction ofParty Branches, continuously promoting the standardized and normative construction of Party branches. In addition, the Company alsocarries out various forms of themed Party day activities, actively engages in public welfare activities such as tree planting, donating foreducational assistance, and donating to charity while strengthening internal institutional construction and studying, and cooperates with localgovernments to promote rural revitalization together.

Aima Technology currently has

Party branches,

Party building workstations,and nearly

Party membersIn 2022,

Party members and

probationary Party members were admitted

Organized Party members tostudy systemsFormulated Party building workplansConducted democratic evaluationsand assessments of Party members

Conducted material learningWatched the Party classes andother programsHeld knowledge contests

Implemented the “three meetingsand one lesson” systemConducted Party branch electionsCarried out Party buildingpropaganda workDeveloped Party membersCarried out voluntary activities

Party building work of Aima Technology in 2022

Strengthening Institutional

Construction

Strengthening Ideological

Construction

Eective implementation of

various tasks

Held Branch Meetings to Study the Spirit of LianghuiCaseIn March 2022, Aima Technology’s Party branches heldregular meetings in the activity room, which organized Partymembers to study the spirit of Lianghui, conducting in-depth discussions on General Secretary Xi Jinping’s majorstatements such as “两个大局”, “四个伟大”, ”五个必由之路”and “五个有利条件”, and formulated planning proposals forthe next phase of the branches’ work.

Site of the Party branch meeting

Welcoming the 20th CPC National Congressand Pursuing Dreams for the Future

CaseTo celebrate the successful convening of the 20thCPC National Congress, the Party branches of theCompany organized an online party history knowledgecontest with the theme of “ Welcoming the 20thParty Congress and Pursuing Dreams for the Future”,through which the Party members’ understanding ofthe Party’s history, knowledge, theory, line, principlesand policies was deepened, and their enthusiasm tolearn the Party’s history and theoretical knowledgewas further stimulated, so promoting their politicalconsciousness, and improving the consciousness ofParty spirit cultivation.

The Party history knowledge contest of welcoming the 20th

CPC National Congress

Welcoming the 20th CPC National Congressand Striving for a New JourneyCaseTo deepen the study, publicity, and implementation ofthe spirit of the 20th CPC National Congress, all partymembers of the Company’s Party branch in Jiangsuorganized a themed party day activity of “Welcomingthe 20th CPC National Congress and Striving for aNew Journey” at Yangjian Yanjia Bridge for studyingthe spirit of the 20th CPC National Congress indepth. They had a heated discussion on the materialsobtained during the Congress, and deeply understoodGeneral Secretary Xi Jinping’s important statementon cultural confidence and self-improvement, layinga solid foundation for implementing the spirit of the20th CPC National Congress.

Site of the themed Party day event

Welcoming the 20th CPC National Congress

Party Organization Honors

In October 2022, the 20th CPC National Congress was successfully held, and Aima Technology took this opportunity to comprehensivelycarry out learning, discussion, and interpretation of the report of the 20th CPC National Congress through “three meetings and onelesson,” oine self-study, knowledge contests, and other methods, so that the Party members could have a profound understanding ofthe latest dynamics and instructions of the Party, maintain a high degree of consistency with the CPC Central Committee in ideology, soenhancing their cohesion.

“Demonstrative Unit ofParty Building Allianceof the Chamber of

Commerce”

“Advanced GrassrootsParty Organization in

Xishan District”

Member of theHuixin BusinessAlliance

“Advanced GrassrootsParty Organization in

Yangjian Town”

3837

TAKING RESPONSIBILITYAND PROTECTING THEECOLOGICAL HOMELANDAima Technology is duty-bound for protecting the natural environmentof the Earth. The Company actively responds to the pollution preventionand control requirements of governments at all levels. Based on theenvironmental protection goal responsibility system and combined withthe actual situation of the Company, it promotes cost reduction andefficiency enhancement through energy conservation and consumptionreduction, reduces three-waste emissions through technologicalupgrading, promotes high-quality development of enterprises withecological civilization and environmental friendliness, building aninnovative and environmentally friendly new kind of listed company, andmaking our contribution to protect our ecological homeland.Our ActionsEnvironmental Management and Responsibility ConstructionEnergy Saving, Carbon Reduction, and Recycling EconomyEmission Control Measures for Reaching the StandardsGreen Operation and Sustainable Development

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

4039

Environmentalprotectionrenovation projects

Tianjin Vehicle

Jiangsu VehicleHenan Vehicle

Low nitrogen transformationproject of gas boilerUpgrading and transformationproject of sewage stationExpansion project of electrostaticpowder spraying production line

Some environmental protection renovation projects

Environmental Management andResponsibility Construction

Aima Technology strictly abides by lawsand regulations such as the EnvironmentalProtection Law and the Air PollutionPrevention and Control Law. Under theprinciple of “prevention first, preventionand control combined, comprehensiveutilization”, it continuously optimizesthe construction of the environmentalmanagement system, strengthensenvironmental supervision and auditing,and consolidates the foundation ofenvironmental management. In 2022, theCompany and its main subsidiaries passedthe ISO14001 environmental managementsystem certification, Tianjin Vehicle passedthe ISO50001 energy management systemcertification, and no major environmentalviolations occurred during the reportingperiod.At the group level, the Safety andEnvironmental Protection Office is responsiblefor coordinating the implementation ofsafety and environmental protection workthroughout the Company; at the subsidiarylevel, each production base is equipped withfull-time safety and environmental protectionmanagement personnel. The Safety andEnvironmental Protection Office formulatesvarious special management processes basedon the latest laws and regulations, such asthe Environmental Protection ManagementSystem, the Safety Production ManagementSystem, and the Safety and EnvironmentalProtection Management Work Manual. Atthe same time, the Group has establishedenvironmental plans of risk prevention andcontrol and emergency, formed a team ofsafety and environmental protection accidentemergency rescue, and continuously improvesits comprehensive response capabilitiesto environmental risk prevention andcontrol and emergency situations throughregular inspections and implementation ofmaintenance responsibility systems.

Aima Technology environmental management system certification certificate,Tianjin Vehicle energy management system certification certificate

Environmental managementorganizational structure

General Manager

President’s OfficeSafety and EnvironmentalProtection OfficeOccupational Safety and Environmental ProtectionManagement Personnel of each production base

Technical transformation project ofelectric bicycle production lineUpgrading and transformationproject of testing laboratoryTechnical transformation project ofan annual production of 3.2 millionelectric bicycles

Transformation project of an annual production lineof 300,000 electric two-wheelersDeep treatment project of VOC industrial waste gas

In 2022, Aima Technologyinvested a total of

10.374

million yuanin environmental protectionequipment renovation,and added

new environmental protectionrenovation projects, involvingtechnical renovation of wastegas treatment, upgradingof sewage stations and lownitrogen transformation.

4241

Energy Saving, Carbon Reduction,and Recycling EconomyImproving energy efficiency is the only way to achieve carbon neutrality as soon aspossible and is also the irresistible trend for future development of manufacturingindustry. Aima Technology has established an environmental protection action guidelineof “protecting the environment, saving energy, implementing clean production, andcommitting to sustainable development”. The Company integrates the concept ofsustainable development into production and operation, continuously improves theefficiency of resource and energy utilization by strengthening green managementthroughout the product life cycle, creating a clean and low-carbon green manufacturingecosystem. During the reporting period, Tianjin Vehicle passed the ISO50001 energymanagement system certification.

Mainly uses cleanenergy such aselectricity andnatural gas to reducethe use of high-carbon emissionenergy.

Reduces the unitenergy consumptionof production ina planned way, sothat the energyefficiency of unitproduct is in theleading level in theindustry

Regularly carries outthe investigation andimprovement of highenergy-consumingequipment, andcontinuouslyconducts energy-saving technologicaltransformationprojects.

Actively choosesenergy-savingand water-savingproducts, prolongsthe service life ofturnover boxes, andreduces the use ofresources and energy

Energy useProductionEnergy-saving detectionDaily operations

The specific measures for energy conservation and emission reduction

Installed an environmentally friendlycombustion aid to catalyze natural gas,so the calorific value would be increasedduring combustion, thereby reducingpollutant emissions and achievingenergy-saving and environmentalprotection.

Retrofitted the line body track tosave preheating time and electricityconsumption, and improve workefficiency.

Reduced the capacity of the transformerto improve its operating efficiency andcut down energy consumption.

Remolded the air compressors in termsof equipment selection, structural layout,and intelligent management, whichwould avoid pipeline leakage while savingenergy.

Gas renovationTransformer reforming

Painting preheating oven

retrofittingAir compressor remolding

Standardized Management Training for Hazardous Waste

Disposal in Henan Vehicle

In order to popularize environmental protection knowledge and skills, and improve employees’ awareness ofenvironmental risk control and emergency handling capabilities, the Company actively develops environmentalprotection training courseware and conducts environmental risk emergency drills. During the reporting period, theGroup and its major subsidiaries have organized 15 relevant environmental safety trainings including “StandardizedManagement Training for Environmental Risk Disposal”, “Emergency Plan for Leakage and Fire of HazardousChemicals”, and “Emergency Plan for Leakage of Hazardous Waste” covering 453 person-times.

Environmental Emergency Drills

Emergency drills to improve employees’ crisis handling capabilitiesCaseIn April 2022, Henan Vehicle conducted an emergencydrill to deal with the leakage of waste sludge. Thedrill comprehensively evaluated the employees’ crisisidentification awareness and handling capabilitiesin terms of the release of early warnings, personnelevacuation, first aid rehearsal, and equipmentuse, timely discovered the improvement points ofemployees in personal protection awareness anddanger identification ability, clarified the responsibilitiesand processes for handling such incidents, enhancingthe crisis handling capabilities of all employees.

Energy Conservationand ConsumptionReduction RetrofitProject of theCompany in 2022

In 2022, the Company’s naturalgas consumption per vehicledecreased by

21.8%

compared to the previousyear

4443

Spotlight Replacement to Improve Electricity EfficiencyCase

The halogen spotlights used in the Tianjin factory of Aima Technology had high powerconsumption, short service life, which easily had a strong negative impact on the environment.In October 2022, the Company put 330,000 yuan and purchased 200 solar spotlights to replaceall the lamps used in the workshop, effectively reducing electricity consumption, improving thelifespan of the spotlights, so reducing resource consumption.

Picture of solar spotlights

Air Compressor Retrofit ProjectCaseIn 2022, the Company implemented a retrofit project for the main pipeline of the air compressor systemworkshop. The load was reduced and the efficiency of filtering water was improved by optimizing theconfiguration of the dryer, increasing equipment interlocking control, and adding intelligent flow meters, whichwould improve the use quality of gas, and protect workshop equipment, and thus achieving the goal of reducingelectricity use, saving electricity and equipment maintenance costs, and reducing carbon dioxide emissions.

Emission Control Measures forReaching the Standards

Aima Technology strictly implements laws and regulations such as the Water Pollution Prevention and Control Law,the Air Pollution Prevention and Control Law, and the Solid Waste Pollution Prevention and Control Law, and hasestablished a complete three-waste management system and set up an annual waste management plan. In 2022,the Group and its subsidiaries were able to meet the emission standards for wastewater, waste gas, and noise, everyproduction factory strictly conducted regular monitoring in accordance with the environmental assessment report, andregularly submitted implementation reports on the sewage permit platform to accept public supervision.

The Company has formulated the “Solid Waste Control Management System”, which defines the managementprocesses for various types of waste and the management responsibilities of relevant departments. The President’sOffice is the competent department of solid waste management in the Company, responsible for the overallsupervision of waste disposal; the operation management departments of each unit are in charge of the entire processmanagement of identification, collection, storage, and transfer of hazardous waste, ensuring the safe disposal ofhazardous waste in accordance with laws and regulations.

Solid Waste Management

The site selection and designprinciples of hazardous wastestorage facilities shall complywith the Standard for PollutionControl on Hazardous WasteStorage (GB18597), and the areasshall be separated by retainingwalls and equipped with rain-proof, fire-proof, lightning-proofand dust-proof devices.

Recyclable waste is deliveredto qualified units for recyclingin accordance with the relevantprovisions of the Company onthe sale of materials.

Relevant departments regularlyfill in the “Hazardous WasteGeneration Link Record Form”,“Hazardous Waste StorageLink Record Form” andstatistical accounts based onthe hazardous waste situation.Domestic garbage is collected and regularlytransported by the sanitation department.

General industrial solid wastetreatment implements garbageclassification, and whenselecting treatment methods,priority is given to the reuse ofresources to minimize pollutionto the environment.

Solid waste

treatment

Recycling

Hazardous Waste Storage

Archive Management

Regular Cleaning

Garbage Classification

After the retro?t, the number of air compressors was reduced from

to

. During thesame period, the electricity consumption was saved by142,664kilowatt-hourscompared with before, reducing carbon dioxide emissions by

134.4

tons.

Statistics Performance Table of All Kinds of Solid Waste Disposal of Aima Technology in 2022

Solid Waste Treatment MeasuresTotal amount of solid wasteTon(s)6,581.5Total amount of non-hazardous solid wasteTon(s)5,188.6Total amount of hazardous solid wasteTon(s)1,392.9

Disclosure ItemsUnit2022

4645

The wastewater treatment and the improvement of water resource utilization efficiency are important parts inAima Technology’s production management. The Group and its subsidiaries regularly carry out inspections andimprovements of high-energy-consuming equipment, strengthen energy consumption analysis, actively chooseenergy-saving and water-saving products, and improve water resource utilization efficiency through processtechnology improvements and renovation of reclaimed water reuse projects.In terms of wastewater treatment, the factory area implements rainwater and sewage diversion, identifies theflow direction of sewage and rainwater pipelines, and discharges production wastewater, domestic sewage, andrainwater separately. The wastewater is discharged to the sewage treatment plant in the industrial estate throughthe municipal pipe network after treated by the self-built sewage treatment station in the factory area. Accordingto the requirements of the local government, some factories are equipped with on-line monitoring instruments atthe main sewage discharge outlet, which are networked with the local ecological environment bureau to monitorpollutants discharged outside the factory in real time, so ensuring the discharge meets the standards.

Wastewater Treatment

The Company’s main waste gas is generated by the painting and frame production workshops, mainly including paintingdust, organic waste gas and gas exhaust. In order to reduce waste gas emissions, the Company has carried out a series ofimprovement actions on its production lines, for example, closed management of spray room, leveling room and dryingroom to reduce exhaust leakage; the organic waste gas is mainly purified by "zeolite runner + RTO" and dischargedthrough the exhaust funnel after treatment; the dust in the electrostatic powder spraying process is recovered by therecovery system, and the tail gas is discharged centrally through the exhaust funnel after reaching the standards. TianjinVehicle has set up online monitoring instruments at the main waste gas discharge outlets in the painting workshops,connected with Tianjin Ecological Environment Bureau to monitor in real time whether the emissions of air pollutantsreach the standards. In 2022, the exhaust gas treatment facilities of all production lines of the Company ran well, and theemission of pollutant factors such as toluene, xylene, VOCs, particulate matter, soot, SO2, NOx met the emission standards.

Waste Gas ManagementSecondary use of sewage to reduce resource consumptionCaseThere was excessive use of tap water in the painting workshop spray booth and office building toiletsof Tianjin Vehicle. At the same time, the Company’s self-built sewage station can treat up to 500 tons ofsewage per day, and the treated water quality can reach the third-level discharge standards. Therefore,Tianjin Vehicle carried out a reconstruction project of sewage secondary reuse in 2022, after which thewater used in the painting spray booth and production office building toilets was replaced by secondarywater, with tap water as a supplement only. As a result, the use of tap water in Tianjin Vehicle’s factorywas greatly reduced, which is conducive to saving water resources and protecting the environment.

Reconstruction measures for sewage secondary utilization projects

Secondaryuse ofsewagePersonnelConductedwastewatertreatment processtrainingsImproved employeewater conservationawareness

Materials

Adjusted the proportionand concentration ofreagents

MethodsReplaced tap waterwith reclaimedwaterReinforced thetreatment process

Equipment

Added new pipelines tobring water to the spraybooth and toiletsMaintained old equipment,and added new equipmentChecked old pipelines, andadded new pipelinesSeparated secondary waterpipelines from tap waterdrinking water pipelinesInstalled water meters onsecondary water pipelinesfor visualization and data

Statistical Performance Table of Various Exhaust Emissions of Aima Technology in 2022

Volatile Organic Compounds (VOCs)Ton(s)66.1

Particulate MatterTon(s)39

Nitrogen OxidesTon(s)8.5

Sulfur OxidesTon(s)3.7

Disclosure ItemsUnit2022

4847

Green Operation and SustainableDevelopmentAima Technology is committed to improving employees’ environmental awareness, advocating the conceptof green office and low-carbon life for all employees, enhancing energy-saving awareness, encouragingthem to practice a healthy work and life style of “green office, low-carbon life”, and creating a goodatmosphere for energy conservation, environmental protection, and cost savings through using digital tools.

Cloud empowerment for low consumption operationsCaseAima Technology has carried out a series of paperless and cloud-based online transformations for itsdaily operations. Up to now, the Company has realized cloud-based online management of service orders,parts, personnel, accounts and other items that were originally handled offline, and has promoted the deepintegration of finance and business, achieving the whole process of online closed-loop management. Throughthese measures, it not only improves the efficiency of the Company's daily operations, but also reduces thewaste of paper, excessive printing and other problems, thus reducing the waste of resources and laying thefoundation for the Company to achieve zero-carbon green office in the future.

Reform of catalytic combustion system to strengthen waste gas treatmentCase

The power of the catalytic furnace of the catalyticcombustion desorption system was about 36-54kw,and the temperature rise of activated carbon duringdesorption was slow, resulting in poor desorption effect.The existing catalytic combustion system’s main electriccontrol box operating system was not provided with aself-check record, so that manual control and off-lineabsorption/desorption could not be realized.

There was a problem of low efficiency of the main fan in the previous exhaust emission of HenanVehicle. In May 2022, the Company hired external experts to reform the three sets of catalyticcombustion systems in the factory area. The reform plan was based on standards such as GB16297-1996 “Comprehensive Emission Standards for Atmospheric Pollutants” and DB411951-2020 “EmissionStandards for Volatile Organic Compounds in Industrial Painting Processes in Henan Province”,effectively reducing the emissions of harmful gases such as particulate matter, VOCs, and xyleneduring painting and drying.

Problems and Reform Plan for Catalytic Combustion System

Reform results

Organic waste gas catalytic combustion equipment.

Existing problems

The power of the catalytic furnace was increased to120kw, achieving desorption of each box in 40-60minutes, so fully utilizing the adsorption box, reducingdesorption time, and improving efficiency.The system was reprogrammed to realize the automaticoperation and recording of the system, convenient formonitoring the state of the system and timely analyzingand dealing with the abnormal values.

Improvement measures

The air volume of each system reached 140,000m

/h

Fault diagnosis efficiency was improvedThe pollution rate of activated carbon was effectivelyimproved, increasing the use time of activated carbonadsorption, and reducing waste gas emissions

Specificmeasures

Environmental training:

Carried out various forms of environmental propaganda and training,and released all kinds of environmental protection knowledge in theform of OA and announcement.Packaging utilization:

Required the parts suppliers to replace the original paper packagingboxes with plastic turnover baskets, reduced the generation of paperpackaging and internal packaging materials through recycling.Cut down the transportation energy consumption by following theprinciple of nearby delivery.Reduced the use of materials such as turnover protection bagsthrough improvements in packing specifications.

Digital office:

Advocated video conferencing, promoted paperless reimbursementand office work.Environmental initiatives and activities:

Motivated employees to actively participate in ecological environmentprotection practices and public welfare actions, carried outenvironmental public welfare activities such as garbage classification.Advocated double-sided printing, turning off lights when leaving,and managing meeting rooms by reservation.

5049

STRIVING BASED,SHOULDERING SOCIALRESPONSIBILITY BRAVELYAima Technology faithfully fulfills its corporate social responsibility and alwaystakes a high sense of social responsibility and good corporate ethics as itspractice guidelines. The Company regards green product innovation as itsprimary driving force, creates high-quality products and customer services,actively carries out industry cooperation, leads the development of theindustry, cares for and loves the employees, creates a partner atmosphere, andactively participates in various social activities such as social welfare, donationsfor education, and rural revitalization. Aima Technology believes it will gainrecognition and support from the society during future development, as itconsistently adheres to the corporate development concept of “love”, originatingfrom society, giving back to society, and bravely taking on social responsibilities.

Our ActionsBeing Technology-driven, Open and InnovativeLean Production and Green ManufacturingManagement System for Assured QualitySincere and User-First ServicesMulti-party Collaboration and Win-Win CooperationPeople First, Heading Hand in HandInformation Empowerment and Digital TransformationDeveloping with Responsibility, Giving Back to Society

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

5251

Being Technology-driven, Openand Innovative

R&D System

Aima Technology is well aware that green innovation is its core competitiveness to maintain its leading position underthe background of "double carbon". To this end, the Company continues to increase its investments in scientificresearch, improve its research conditions, actively introduce advanced technologies, build international R&D teams,construct a high-level scientific and technological R&D platform, and provide customers with green, high-quality andsatisfactory products by technologies.

Aima Technology has always been adhering to its brand proposition of “technology and fashion” and regards R&D andproduct innovation as the main means to enhance the competitiveness of its products and achieve long-term development.In terms of core technological R&D, the Company focuses on the research of core industrial technologies such as powerbattery, drive motor and vehicle electric control technologies, promotes the upgrading and application of smart technologies,Internet of Vehicles consumption softwares, IOT-linked smart hardwares, and the implementation of other R&D projects.At the same time, based on market feedbacks and users’ needs, the Company has established Product Planning Center,Industrial Design Center, CMF Center, and R&D Center for product planning, appearance design, color matching, andproduction processes. These four departments continue to introduce new technologies, new materials, and new colors tojointly develop creative products for full satisfaction of users' needs, leading the fashion technology trend in the industry.It focuses on the research of coreindustrial technologies such as powerbattery, drive motor and vehicleelectric control technologies, promotesthe upgrading and application ofsmart technologies, Internet ofVehicles consumption softwares,IOT-linked smart hardwares, and theimplementation of other R&D projects.

It is mainly responsible for appearancedesign and graphic creative designof vehicles and their parts, andproduct packaging design accordingto industry trends, etc., constantlyinnovating to enhance the aestheticsof products.

It coordinates and manages the entireprocess of product developmentincluding vehicle design, body,parts, electrical design, productionprocess, product quality and others,delivering new products that meetrequirements.

It is mainly responsible for marketresearch, transforming users’ needs andexporting them to R&D departmentaccording to market demand, andplanning and promoting new products.

It takes charge of product appearancedesigning, output of renderings andclay modeling and other modelingdata.

In addition, in terms of product development process management, benchmarking the mainstream automotive industrydevelopment process at home and abroad, and combining the experience of previous development projects in theelectric two-wheeler industry with its own characteristics, Aima Technology has established an industry-leading cross-functional system-APDS (Aima Product Development System). Through APDS, the Company will transform productstrategic planning into mass-produced products more accurately, systematically and efficiently, providing guidance forits vehicle development.

Aima Product Development Process enhances the capabilities of precision productdevelopment and innovation and improves product R&D efficiencyCaseThe Aima Product Development Process (APDS) is the “An axe for chopping mountains” of Aima Technologyto continually provide satisfactory products to users and the market under the increasingly competition ofthe electric two-wheel vehicle industry. APDS integrates the Company’s user research, product planning,financial cost, new technology research, product development, performance development, productionprocess, product commissioning, supply chain, project management and product after-sales operation,synchronizing various workflows to greatly improve product development efficiency and quality. Throughthe application of APDS, the Company’s product development business is integrated, and the core businesslogic of its product development process, project management, and supplier management is unified, whichempowers its significant improvement of indicators such as product quality, on-time market rate for projects,and cost achievement rate, so as to realize its long-term business strategy.Makes strategic preparations forproduct project approval, includingmarket research, product positioning,competitive product analysis,strategic analysis, etc., for clarifyingthe characteristics, developmentcycle, profitability, and others of theproduct projects.

As the stage of realizing the productconcept, accomplishes productconcept design and early validationsimultaneously through modulesincluding frame development, stylingdevelopment, function development,mold design, and supplier development.

Completes the design reliabilityverification of the product itself,while promotes the vehicles andits parts to reach a highly maturestate of manufacturing quality, soachieving mass production.

Four stages of APDS

Aima Research Institute

CMF CenterR&D Center

Product Planning CenterIndustrial Design Center

Fourstages ofAPDSDesign

Industri-alization

On the basis of a clear productstrategy, completes the developmentof the product project design plans.

ConceptStrategy

5453

R&D InvestmentGreen R&D

Intellectual Property Protection

In order to continuously enhance its green R&D momentum, Aima Technologyputs a considerable amount of R&D funds every year to offer outstandingscientific researchers with competitive salaries, create a good researchenvironment, and provide advanced equipment and platforms, wherebybuilding a R&D talent team to enhance its soft scientific research strength. TheCompany had established fully equipped testing laboratories in the productionbases situated in Tianjin, Jiangsu, Guangdong and etc. The Company ownedover 400 sets of testing devices and equipment, and employed more than30 technicians who had passed ISO/IEC training and obtained qualificationcertificates. The Company had set up 7 professional laboratories, includingwhole vehicle performance laboratory, environment laboratory, materialanalysis laboratory, electronic and electric laboratory, mechanic performancelaboratory, core technology laboratory and intelligent laboratory, which had thetesting capacities to electric two-wheel vehicles, electric tricycles and somelow-speed electric quadricycle. The Testing Technology Center of the Company(Wuxi Base) had received the certificate from China National AccreditationService for Conformity Assessment (CNAS).At the same time, in order to fully mobilize the enthusiasm of R&D personnel,in 2022, the Company formulated and implemented Researcher ProjectPromotion Incentive Plan, encouraging project teams to focus on users’ needs,accurately position the market, and continuously increase the number of newproducts launched on the market and improve product competitiveness.

In order to achieve the green vision, Aima Technology has been continuously developing green products relying onits more than 20-year accumulation of talents, technologies, platforms and experience. The Company adheres to theconcept of conserving resources and protecting the environment during the process of product design and R&D,integrating its green genes into products, and extending the entire green chain to the consumer end, so that consumerscan participate in the “double carbon” strategy and benefit from green development through using green products.

In order to protect the its intellectual property rights, Aima Technology has revised the Regulations on PatentManagement, and formulated Intellectual Property Management System, Regulations on Copyright Management,Regulations on Trademark Management and other management documents in accordance with its management systemand relevant laws and regulations. At the same time, the Company has built an intellectual property system by using theinformation digital management system, so forming an effective systematic management model for its various types ofintellectual property rights, ensuring the safety of its intellectual property rights and effectively safeguarding its industrialtechnical competition interests. According to the deployment of the annual work plan, the Company has carried outmulti-level management publicity and training on intellectual property-related knowledge, so that all employees wouldunderstand the importance and necessity of patent application and protection.As of the end of 2022, the number of valid authorized patents exceeded 1,600, and the Company’s core technicalstrength reached a new peak.

Motor module upgraded again for extended mileage and resource saving

SDS power system, “Real Time AWD” helps users to travel smoothly with low consumption

Case

Case

Previous design schemes in the electric two-wheel vehicle industry would produce a gap between themagnetic steel and the rotor iron ring, resulting in partial unnecessary energy consumption of the product, inorder to reduce which, Aima Technology reduced the generation of gaps through its own rotor scheme design,not only improving energy conversion efficiency, ensuring vehicle climbing power performance, improvingriding mileage, reducing noise, but also reducing magnet steel loss and extending the overall life of the motor,so reducing the consumption of natural resources.

The intelligent control of electric two-wheelers can not only save electricity consumption, but also enhance theusers’ riding experience. The Company’s self-developed SDS system, as the “Real Time AWD” for electric two-wheelers, is able to intelligently recognize road conditions, increase kinetic energy during climbing and underheavy load conditions, and timely adjust the output current to extend mileage, thus providing users with a newgreen travelling way of “smart, fast, good, and economical”.

Won Enterprise Technology Center by Tianjin MunicipalityThe testing technology center of the

Company was awarded the certificate

from China National AccreditationService for Conformity Assessment

(CNAS)

In 2022, Aima Technology’scumulative R&D expenseswere

506.685

million yuan, an increase of

25.4%

over theprevious yearDuring the reporting period,the Company had a total of

R&D personnel,including

masters and

doctors

5655

Protecting Aima’s trademark and safeguarding corporate interestsCaseWang Mou in Zhejiang Province was prosecuted by the local People’s Procuratorate for suspectedcounterfeit registered trademark crimes and Aima Technology was one of the victims. After coordination andcommunication between the two parties, Wang Mou issued a written letter in 2021 to publicly apologize for hisinfringement of Aima Technology’s registered trademark, and signed a settlement agreement to compensateAima Technology for a loss of 500,000 yuan.

Conducting regular market research to protect the Company’s intellectual propertyCaseThe Company’s patent management personnel regularly arrange training to continuously strengthen theirabilities to detect infringement in the market. The intellectual property management personnel discoveredthat a certain manufacturing enterprise had infringed on the appearance of an electric bicycle (A4 Bubble,patent number: 202130673100.1) of Aima Technology, in order to protect the rights of the Company from beinginfringed and maintain its image and product market interests, they decisively took emergency measures. Theinfringing party admitted that their product appearance copied the Company’s and agreed to make financialcompensations as the infringement facts were clear, which successfully protected the Company’s industrialposition, severely cracked down on the behaviors of copying the Company’s products with a fluke mentality,effectively used legal means to maintain the position of its products in the market and timely recoveredeconomic losses.

Reasonable use of legal weapons to maintain the corporate imageCaseAima Technology sued a certain company for alleged infringement of trademark rights and unfair competition.The People’s Court judged that the defendant should stop immediately infringing on the exclusive right of AimaTechnology’s registered trademark, and made compensations of 60,000 yuan for economic losses and rightsprotection costs. At the same time, the defendant was ordered to immediately change the company name andexclude “Aima” or the other words similar to “Aima”.

The number of patents, trademarks, and copyrights disclosed by the Company refers to those obtained domestically

A photo of Intellectual Property Training Site

CategoriesNewly authorized in 2022Cumulative authorization as of 2022

Copyright2383Trademark2861,520

Utility model patent213503Invention patent416Design patent2191,091

5857

Jiangsu Vehicle won the Green Factory

Evaluation Certificate

Jiangsu Vehicle Green Factory

Chose to build the factoryin an area with a completeindustrial chain to reduce energyconsumption and emissionsduring the transportation ofparts.

Precisely designed the workshoplayout, adopted the assembly linedesign of the frame stamping-painting-coating-final assembly-storage-loading and unloading,so reducing energy consumptionand emissions during thetransportation of parts andproducts within the factory.

Equipped every workshop withinduction doors, effectivelyreducing heat loss in winterand heat ingress in summer,so cutting down the energyconsumption required forworkshop temperature control.Specific practices

Site selection

Green Practice of Tianjin Vehicle

Workshop layout

Temperature control toreduce energy consumption

Lean Production and GreenManufacturingAima Technology insists on establishing advanced models of green manufacturing and accelerating the construction ofa green manufacturing system. It strictly operates, manages and maintains pollution prevention facilities in accordancewith pollution discharge regulations. At the same time, the Company continues to optimize its production lines,reduces energy consumption during the production process, applies the concept of recycling and environmentalprotection to internal logistics operations, achieving material recycling and reusing, and it actively takes variousmeasures in production practice to reduce the impact on the environment and promote green manufacturing.

Aima Technology firmly believes in the concept of long-term development of green manufacturing, and under theguidance of “intensive land using, harmless raw materials, clean production, waste recycling and low-carbon energy”,the Company integrates the concepts of green and sustainable development into its all aspects of productionand operation, and has made great efforts in terms of infrastructure, management system, energy and resourceinput, product R&D and others, so that its factories have reached the level of green factories on aspect of safety,environmental protection, energy saving, water saving, and land saving.

New technologies contribute to green manufacturing.

Rational production line and intensive land using to create a new green and efficient factory

Digital information platform contributes to green lean production

Case

Case

Case

In order to reduce impact of the Company’ production process on environment, Aima Technology promotesthe introduction of new materials and the development of new technologies. In 2021, the Companyintroduced paint-free baking to replace the original coating, reducing the original baking process to cutdown production costs, and reducing exhaust emissions and energy consumption during the baking process,so providing strong support for the Company to promote green manufacturing process chain.

In order to improve the Company’s production efficiency and build an efficient green factory, AimaTechnology will reasonably arrange the product production line when building a new factory area toreduce intermediate transportation, and integrate the process form the entry of parts to the final producttransportation through automation, which has an intensive land use effect, reducing resource waste causedby long lines, and reducing the negative impacts on the environment. For factories already built, theCompany carried out line transformation and upgrading according to plans.

Aima Technology is committed to building a green smart industrial park. Multiple information digitalplatforms within the Company such as MES, APS, and enterprise big data that have been successfullylaunched and operated, in conjunction with the fully covered factory park closed-circuit monitoring system,could identify frame numbers, motor codes, controller codes and other key material information by usingadvanced technologies such as AI visual recognition, so the binding and traceability of key materials andframes were realized, and precise delivery of 3C materials was achieved by using the system to manage 3Cmaterials. The Company realized lean production through the construction of a digital information platform,reducing the waste of leftover materials during the production process, improving the utilization rate of unitresources, thus laying a good foundation for it to accomplish green manufacturing.

The subsidiary Jiangsu Vehicle obtained the certification of a green factory for vigorouslypromoting various energy-saving and emission-reduction projects.

Green factories set industry benchmark

As of December 31, 2022, the Tianjin Vehicle factory had a total of

forklifts,including

electric forklifts

Green Travelling and Enjoying aSmart Life.SpecialTopic One

Under the background of the national strategy of “double carbon”, Aima Technology takes innovation as driving forces,and is able to accurately grasp the pain points and needs of users in different scenarios with the strong support of top-notch technological innovation and the leading capabilities of smart manufacturing and R&D in the industry, leadingthe industry of electric two-wheelers and three-wheelers to usher in a new era of technological explosion and producttransition. The Group’s main products, electric two-wheelers and electric three-wheelers, have its natural attributes oflow-carbon, and their carbon emissions per kilometer and per capita energy consumption per kilometer are lower thanthose of other transportation tools.

Leading the Long Riding Track with Champion MileageWith the continuous changing of users’ traveling needs, long riding mileage has become the primary considerationfor users when picking electric two-wheelers or three-wheelers, especially in the southwestern region withmany mountains and hills, it is the rigid demand for users. Therefore, the Company actively seeks technologicalbreakthroughs in product power and mileage, breaks down the technological barriers, and creates multiple productswith longer riding mileage and stronger power for users’ riding pain points, so bringing users a new riding experience.Aima Technology’s "Engine Core Power" system is its key technology to lead the long range, which as a whole consistsof four core components, including the core power efficiency management system, the core power managementsystem, the CES braking energy recovery system and the SDS smart power system. Through technical optimizationof vehicle design and key components such as motors, batteries, controllers, energy utilization efficiency is improved,bringing stronger power, longer range and higher energy storage efficiency to the products. At the same time, it alsoimproves the quality of vehicle and extends its service life by reducing the wear of key parts, providing users with asmarter and more comfortable riding experience.

The breakthrough of Aima Technology’s products in terms of riding mileage not only demonstrates its strongaccumulation in scientific R&D, but also reflects its unremitting pursuit centered on user needs. In 2021, the Companyjointly drafted and released a new industry standard the Technical Specification for 100 km Range of Electric Bicycleswith the China National Institute of Standardization, which has become an important technical reference and industrystandard for long-range products in the industry. In 2022, at the International Green Zero-Carbon Festival and ESGLeaders Summit, in recognition of enterprises that have made outstanding contributions to ecological protection andlow-carbon emission reduction in recent years, Aima Technology was granted the 2022 Low Carbon Contribution ofListed Companies Award and 2022 Green and Sustainable Development Contribution Award at the meeting.

500 Mile Challenge Race of Aima Technology Engine Series Product

Aima Technology won the “Green and Sustainable DevelopmentContribution Award” at the 2022 International Green Zero Carbon

Festival

Aima Technology won the Low Carbon Contribution Award ofListed Companies at the 2022 International Green Zero-Carbon

Festival

6059

Opening up a New Riding Experience with Smart Equipment

With the widespread application of 5G, AI, the Internet of Things and other technologies, the era of smart travelling hasarrived. Leading the trend of the Times, Aima Technology actively expands the boundaries of the intelligent ecologythrough digital empowerment and based on technologies, management, and innovations. In 2022, the Companylaunched a series of new-generation smart ecological products including smart central control, smart helmets,software application layer APPs, and cloud platforms. Among them, the Smart Helmet S1 is able to realize tripartiteinterconnection between vehicles, mobile phones and helmets through ACT Bluetooth technology, and achievefunctions such as answering and making calls, map navigation, playing music, weather inquiry, vehicle condition inquiry,etc., providing users with more intelligent, convenient and safer personalized choices for travelling. In terms of safetyprotection, the Smart Helmet has passed 3C certification and has IPX5 protection performance. It is also equippedwith the function of dynamically scanning power, speed, abnormalities and other vehicle condition information, givingfeedbacks to the helmet and making intelligent voice broadcasting, so users can discover vehicle condition problemstimely, comprehensively protecting their riding safety.

Propaganda photo of Aima Technology’s S1 smart helmetAima Technology won the 2021

Leading Enterprise Award of SmartTravelling issued by the cfyys.com.cn.

Management System for Assured QualityAlways adhering to the product quality strategic management core of “Excellent Products, Users First”, AimaTechnology has set up a quality management system centered on consumer satisfaction, constantly improving thequality management process and product quality, and its quality management has passed GB/T19001-2016 andISO9001:2015 Quality Management System Certification. At the same time, the Company encourages all staff toparticipate in the construction of quality culture, carries out rich quality culture activities, and continuously improvesproduct quality in these activities, so that its product quality has been recognized by multiple parties.

In the Quality Management System Requirements,the Company emphasizes that meeting the needsof users is the first priority of the enterprise. Atthe same time, the quality management andrelated personnel must have the capacitiesstipulated by ISO9001, and special qualityresearch in response to the quality problemsfeedbacks from users is regularly carried out,re?ecting Aima Technology’s value of Users First.During the reporting period, Aima Technologyrevised the Group Quality Manual, set detailedprocedure documents and managementdocuments for each process, and asked thequality management personnel to studycarefully and strictly control product quality,thus continuously improving its quality.The Company’s entire quality management system covers product management activities related to design and development,procurement, manufacturing, sales and after-sales service, as well as resource provision, product realization, measurement,analysis and other processes, and targeted quality assurance measures are adopted within the Company. At the same time, theCompany attaches importance to the changes of external laws and regulations, as well as the feedback from users, suppliersand scienti?c research institutions, and has built a problem-oriented, internally and externally integrated quality managementtwo-wheel system of “Bene?ts from One Source, Together for Mutual Bene?ts”. The Company also combines standards andprocesses to implement its quality strategic management policy of “Excellent Products, Users First”.

Establishment of thequality managementsystem

Management of quality process

Quality system certi?cation

①Two inspections and two marks on the key weld ofthe frame;②Weekly on-site inspections on main line bundlesuppliers;③100% inspections on insulation performance ofeight key electrical components by suppliers;④100% inspections on vehicle wiring safety channelpoints;

⑤100% inspections on vehicle insulationperformance;⑥ 100% inspections on vehicle climbing bumps;⑦100% inspections on vehicle gap surfacedierences;⑧Concentrated analysis of and quickcountermeasures for occurrences of threeguarantees.

Strengthening pre-inspection of key electrical parts, implementing 100% self-mutual inspection orspecial inspection on the key safety characteristics and perception characteristics of the vehicle

ProcessStandards

Users

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Excellent Products,

Users First

Problem oriented, two-wheel driveAima Technology’s quality management two-wheel systemDouble 8 research teams: The Company has set up 8 quality research teams in the both parts quality andvehicle quality respectively, for carrying out targeted quality research projects.Timeliness: The timeliness of ?nding quality problems and the speed of solving quality problems are improved.Recurrence: The Company prevents the same quality problems from happening again.IPD: Huawei Integrated Product Development Model is introduced to increase the Company’s capabilitiesof perceiving, grasping and realizing user requirements.

Explanations:

Vertical integrationofintegrated

development,

Double

research

teams

Bene?tsfrom OneSource

erro

rs,

Fullin

spe

c

tions

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

Appendix

6463

Sites of quality self-examination of Aima Technology

Photos of the event site

Opposing the working style of "self-gratification" and carrying out quality control to the end

The activity of “100 days of improvement" was carried out to improve product quality

Case

Case

To Firmly oppose the working style of “self-gratification”. Aima Technology Quality Management Centerorganized more than 700 management cadres in the Group to lead the self-re?ections and self-examinationsof its employees guided by users’ opinions, prevent trainings of self-grati?cation, and take the initiative to ?ndproblems and implement improvements. “User satisfaction” is the only standard to evaluate the Company’sproducts and services, and the product re?nement projects are steadily promoted in the Group for improvingthe overall quality of products.

With the intensification of market competition and the increasing homogenization of products, the mostfavorable competitiveness for enterprises is quality, and quality improvement has become an essential businesspolicy for the factories. In order to consolidate the quality foundations and improve the quality abilities, theCompany conducted 7-day trainings of quality awareness, basic quality management knowledge, qualitymethods, tools application and others with over 800 trainees. Through these trainings, the professional skills ofquality management personnel were improved, and a series of new quality management improvement planswere put forward after the activity, so that the quality of the Company’s products reached “a higher level”.

Aima Technology strictly conducts product quality management not onlyin the front end of the product but also in the back end of the productcomplaints. It has formulated Regulations on Market Product QualityProblem Management, Regulations on Three Guarantees and Sales ReturnManagement, Regulations on Return Incidents Analysis Management andRegulations on Unquali?ed Product Recall Management and other systemsand measures. In addition, each product of the Company has its identi?cationcode when leaving factory, by which traceability management of qualityproblems can be conducted, so improving product quality from the source,and preventing the secondary occurrence of the same quality problems.

Management of quality complaints

During the reportingperiod, the resolutionrate of the Company’smaterial quality problemswas100%

The slogan of “Technology creates classics, quality casts the future” has been deeply recognized by every employee of theCompany. During the reporting period, the Company organized its sta to hold technical month activities and skill contests,and carried out trainings related to their quality awareness, quality foundation, quality management knowledge, qualitymanagement methods and tools application, thus continuously improving product quality.

Quality culture activities

Sites of quality trainings

Sites of skill contests

The conference of "Quality Trainings for Ensuring Quality and Quantity" was heldto improve employees' quality awareness

Subsidiaries held skill contests to promote the spirit of craftsmen

Case

Case

Under the promotion of the Group’s values of “ Users First, Striving Based, High Integrity, Technology Driven,Open and Innovative, Strong Sense of Responsibility “, Guangxi Vehicle carried out sta trainings themed withquality, so that every employee should regard quality responsibilities as their top priority, keep product quality inmind, and pursue perfection in every process. The concept of “Quality is the life of enterprises” has been deeplyembedded in the brains of all employees and applied in the work, so ensuring the Company’s product quality

To fully carry forward the Group’s concept of “the long-term development of Aima brand cannot be realizedwithout high-quality products, which cannot be made without skilled frontline sta”, subsidiaries in Chongqing,Zhejiang, Jiangsu and others actively carried out skill contests for the employees to fully demonstrate theiroperational skills, have a right understanding of their own skill level, and exchange advanced operationalexperience. These contests promoted abilities of team cooperation and collaboration, and improved thecomprehensive quality of products, so that “Aima Manufacturing” could obtain consumer recognition in thesevere market competition environment, and the product sales could repeatedly reach new highs.

6665

Sincere and User-First ServicesUser service is one of the core elements of enterprise behaviors. Aima Technology always oers services based onthe value of “users ?rst”, sincerely serves users, understands their needs, and regards user satisfaction as one of itsimportant partsBased on the industry characteristics and market environment, as well as the Company’s more than 20 years ofcontinuous research on user habits of purchasing products, using products and after-sales services, Aima Technologyhas built an ecient user service system which takes listening to users through multiple channels as its starting point, theGroup’s service center as its point of junction, and dealer stores distributed throughout the country as its network. TheCompany constantly iterates its service mode according to the change of user needs, the change of the life and habits ofthe younger user group and the new forms of user communications such as the vehicle clubs under the circle communityculture, for creating an all-around and user-friendly service system.

The user service system of AimaTechnology has not only beenrecognized by the majority ofusers, but also by the authoritativeinvestigation agencies. The Companyranks No.1 both in the China CustomerSatisfaction Index (C-CSI) and theChina Net Promoter Score (C-NPS) inthe electric bicycle industry.

User service system

C-CSI RankingC-NPS Ranking

Guangxi Vehicle was awarded the title of “Guangxi Quality

Promotion Demonstration Enterprise”

In 2022, Jiangsu Vehicle won the certi?cate of “QualityLeading Enterprise of National Electric Vehicle Industry”

issued by China Quality Inspection Association.

In 2022, Jiangsu Vehicle was awarded the certi?cate of “Products

with Quality Guarantee and Reputation among NationalConsumers” issued by China Quality Inspection Association.

In 2022, Jiangsu Vehicle won the certi?cate of “Products

with Stable Conforming Performance in National QualityInspection” issued by China Quality Inspection Association.

During the reporting period, the high product quality of Aima Technology achieved good results as before.Certi?cates related quality

User communities, motor clubsUsers

Service trainingService assessment

Service trainingService assessmentAima Technology service system

400 service hotline

Mini programs,app work orders

Aima TechnologyService Center

Onlineuserservices

Oineuserservices

Dealersnationwide

Service outlets

Internetplatforms

Interestplatforms

Chnbrand2022 C-CSI?Electric Bicycle Satisfaction Ranking

(Based on 100 points)

Chnbrand2022 C-NPS?Electric Bicycle Net Promoter Score Ranking

(Score ranges from negative 100 to positive 100)The criteria for brand listing are "no mention rate"≥ 7%The criteria for brand listing are "no mention rate"≥ 7%BrandBrandRankingChange2022 C-NPS ScoreAimaAimaYadea

YadeaBirde

BirdeNIU

NIUGiantYamaha

YamahaIndustry average

Lima

LimaLuyuan

LuyuanXiaodao

Xiaodao

SupaQTAlLG

TAlLGXinri

XinriBYVIN

BYVIN

SuzukiWuyang HondaIndustry average

1. Source: Chnbrand 2022 C-CSI?

2. Without the express written consent of Chnbrand, the information or research

results of this chart cannot be used for advertising or promotion

1. Source: Chnbrand 2022 C-NPS?

2. Without the express written consent of Chnbrand, the information or

research results of this chart cannot be used for advertising or promotion

RankingChange2022 C-CSI Score

6867

Together with the Commercial Industry Committee of China Council for the Promotion of International Trade, the Companyissued the After-sales Service Timeliness Speci?cations for Electric Bicycle, specifying three levels of after-sales serviceprocess and timeliness requirements for electric bicycle. The ?rst level is “1330”, which requires receiving orders within1 minute, contacting users within 3 minutes, and arriving within 30 minutes for a distance of 3 km. The Specificationsguides the upgrade of after-sales service standards for electric bicycle, provides users with more convenient services andimproves their service experience. At the same time, the Company participated in the drafting of the After-sales ServiceStandards for Electric Bicycle, improving the service standardization and the overall service capabilities of the industry.

In order to improve consumers’ purchasing experience and strengthen its communication with users, Aima Technologyhas not only set up oine after-sales service outlets and traditional 400 hotlines, but also created an online servicenetwork through internet technologies and new media channels, which facilitates user behaviors of consulting,purchasing and after-sales, so improving their purchasing experience.

1330 services

Omni-channel user servicesSite of Aima Technology’s releasing the new timeliness standardProviding users with satisfactory

services

By the end of December31, 2022, the Companyhad more than30,000serviceoutlets

more than

brandservice centers

and more than50,000repairtechnicians throughoutChinaThe user satisfaction rate ofthe 400 service hotline was

96.5

%

The response rateof complaints was

%

The settlement ratewithin 48 hours was

89.9

%

Screenshot of Aima service WeChat

ocial account

In addition, the online platform service has been added to the WeChat ocialaccount of the Company. Users can choose from three different self-helpservices, namely “Immediate Rescue”, “Store Repair”, and “Appointmentof Door-to-Door Repair”. Besides, the Company took the lead in providingthe roadside assistance service in the industry, so that users could feel thetimeliness and convenience of its services.

Traditional channels400 service hotlineAssignment oforders to dealerstores

Internet platforms

Ocial website ofthe CompanyAima Smart Travel(app)WeChat ocialaccountTmallJDPinduoduo

New media platformsWeChat ChannelsWeibo, TikTok,Kuaishou Bilibili,Xiaohongshu, Zhihu,Tencent, Sohu,Toutiao, ixigua.com

Aima Service guards every moment of your trip through roadside assistanceCaseDuring the riding, users may sometimes encounter unexpected diculties when their vehicles break downbut cannot be moved to stores for repair. To solve this problem, Aima Technology took the lead in theindustry to provide users with 24-hour roadside assistance services. Users (of any brand) can call for theroadside assistance services through the WeChat official account or the mini program, and the Companywill immediately dispatch the assistance order received to the service personnel of the nearest service outletwho will get to the designated location quickly to provide professional, ecient, considerate, and satisfactoryroadside assistance services. The Company’s roadside assistance services have been widely praised by usersup to now, it provided more than 1,000 times per month of the roadside assistance services in 2022, with asatisfaction rate on work orders of 99% (?ve stars).

Aima Technology provided users with roadside assistance services

7069

Terminal talent development: The Company firstly conducted the activity of maintenance professional skill levelselections and certi?cation in the industry, with a total of 25 talents certi?ed, creating an optimized terminal talentechelon of “technicians + shopping guides + store managers”, improving the competitiveness of terminal stores.Internal training talent development: The service trainer talent echelon with 84 trainers covered 6 categories of servicetraining courses, providing operational support for terminal empowerment.

Terminal empowerment: more than 1,500 oine terminal empowerment events were conducted throughout the year,online empowerment and oine implementation were both carried out to create user satisfaction!Employee empowerment: 4 special training camps were carried out throughout the year, covering service managersand back oce sta, comprehensively improving the service and sales abilities of front-line sta and operation abilitiesof terminal stores, and building a leading service talent team in the industry!

Terminal empowerment: 45 terminal empowering sessions were conducted throughout the year, with 2,851 participantssigning in and 7,718 people of live broadcast coverage. The overall satisfaction rate was 97.2%. Terminal service operationcapabilities were improved by these sessions, providing satisfactory service experience for users!Employee empowerment: 20 online employee trainings were carried out throughout the year, covering 380 employees,with an overall satisfaction of 97.8%. The sta service abilities and the terminal stores’ competitiveness were improved bythese sessions.

Dealer empowerment trainings of Aima Technology

Aima Technology issued grade certi?cates for outstanding service technicians

Talent development

Oine empowerment

Online empowerment

For dealers, the Company carried out both online and oine empowering sessions, with 45 online training sessions andmore than 1,500 oine training sessions, covering more than 1,900 dealers in total. Meanwhile, the Company conductedinternal talent development projects for dealers, improving dealers’ terminal service abilities eectively and enhancingthe Company’s service reputation among users indirectly.

Improvement of dealer service capabilities

Aima Technology ?rmly believes that business training is a powerful weapon and eective tool to improve terminalservice abilities and operation level. During the reporting period, Aima Technology Services established itsinfrastructure from scratch. The service personnel of dealers and the Company were trained to improve their abilitiesand professional skills through online and oine terminal empowering sessions, laying a solid foundation for furtherimprovement of terminal service capabilities in 2023.

Team building and trainings

Aima Technology conducts quality inspection trainings and monthlyassessments for its customer service sta, and carries out a series of job skillcompetitions to improve their service skills. At the same time, in order to relievethe pressure brought by long-term customer service work, the Companyhas set up a decompression room for customer service sta to release theirtension, so providing better and more considerate services for users.

Improvement of the abilities of customerservice sta of Aima Technology

Activities held indecompression room

The Company conductedspecial user service trainingfor its employees. During thereporting period, the Group andits subsidiaries conducted morethan 100 service training sessionsthemed with “user service”,with an average duration of

1-1.2

hoursand an average of

participants for each session

Service skill contests

Screenshot of users’ messages on WeChat ocial account

Aima Technology ‘s high-quality services have been praised by users, they left their messages on the WeChat ocialaccount, which not only re?ects their recognition of the Company’s services, but also drives the Company to makeimprovements.Customer service results

7271

Honor

The Company was awarded the membercerti?cate of the group standarddrafting team of “After-sales Service

Speci?cations for Electric Bicycle”issued by China Bicycle Association

The Company was awarded thecerti?cate of After-sales ServiceCerti?cation for Electric Bicycleissued by Beijing Certi?cation Centerof China Light Industry Council

The Company was awarded the draftingmember certi?cate of group standardof “After-sales Service TimelinessSpeci?cations for Electric Bicycle”issued by the Commercial IndustryCommittee of the China Council for thePromotion of International Trade

Sun Lifang, an employee of theCompany won the “2022 ChinaCustomer Contact Center Award-Craftsman Spirit Award”

The Company won the “2021 ChinaCustomer Contact Center Award-Customer Word of Mouth Award”

The Company was awarded thecerti?cate of “Protecting ConsumerRights and Interests-3.15 SatisfactionUnit” by China Consumer Protection

Foundation

The Company was awarded the“Excellent Service Award” bythe China Customer ContactCenter Award StandardsCommittee in 2022

The Company won the certi?cate of“Five-star Certi?cation of NationalCommodity After-sales Service”issued by the National CommodityAfter-sales Service ConformityCerti?cation Evaluation Committee

Site of warming the riding with half-price battery exchange

A basketball game for fan was heldActivities themed with green riding and low-carbonfor environmental protection were jointly held

Club activities

Aima warmed the riding in the name of loveCaseAima Technology has held “Warm Winter Actions” as scheduled every winter for ten consecutive years,including half-price battery exchange, free gifts after posting store pictures on WeChat Moments, freemaintenance in communities, which has become a classic service IP in the electric two-wheeler vehicleindustry, also a behavior habit for users in winter. Aima Technology will provide heartwarming and professionalservices to electric two-wheeler users across the country in this activity each year.

In order to practice the concept of low-carbon andgreen mobility, Aima Technology, in collaborationwith Tengzhou Aima Geek Club and TengzhouEnvironmental Protection Association, held the"Green and Low Carbon Mobility" environmentalprotection event.

Aima Technology together with Kuku Club helda basketball game for fans, aiming to convey thebrand attributes of the Company’s youthful vitality,and deepen the understanding of the young group,so that the products designed by the Company canbetter meet the consumer needs.

Aima Technology ?rmly believes that only those enterprises that actively learn the user needs can design satisfactoryproducts. To this end, it exerted its network advantages and worked with local dealers, partners, and vehicle clubs tohold a series of splendid themed activities, during which its communications with users were deepened, the users’ painpoints and needs were understood, laying a solid information foundation for its subsequent new product design oradjustment

User communication activities

7473

Multi-party Collaboration andWin-Win CooperationAima Technology has always been committed to building a stable, sound and sustainable cooperative relationship.Suppliers, universities and other industry partners are indispensable to its growth. Aima Technology continues tostrengthen its capabilities of supply chain management, builds a competitive supply chain, and actively cooperateswith key partners to promote the development of the entire industry.

Aima Technology actively participates in industry exhibitions to promote the communications and growth of theelectric two-wheeler and three-wheeler industry. As a leading enterprise in the industry, Aima Technology promotesdeep strategic cooperation with industry partners and leads the industry through the cooperation mode of 1+1 > 2.Industry cooperation

Strategic cooperation signing site

Joined hands with Guangzhou Mobile to lead intelligent ridingCase

Adhering to the principle of product empowerment,Aima Technology signed a strategic agreement withGuangzhou Mobile in August 2022 to promote theintelligent upgrading of the electric two-wheelerindustry. The agreement proposes that the twoparties will carry out all-round and whole-process in-depth cooperation in the smart network infrastructureconstruction of stores, intelligent driving guardmanufacturing of electric two-wheelers, Internetof Things service operation and store residentoperation, etc., for creating intelligent, efficient,convenient and safe terminal stores and products inthe new era, promoting enterprise innovation andtransformation and value enhancement, and jointlyleading the trend of intelligent riding.

Participating in international design expositions and learning advanced technologies and experienceCaseThe Company participated in the China (Wuxi) International Design Fair, and organized its designers toexchange and learn advanced design concepts and trends. At the same time, the Company also exhibitedexcellent vehicle and parts design schemes in the expo, which is of positive signi?cance to strengthen theindustry communications and enhance the Company’s abilities of creative design.

In order to promote the continuous innovation of products, the Company pays attention to the introduction of talentsfrom colleges and universities, and has established industry-university-research cooperation with Shanghai Jiao TongUniversity, Northeast Agricultural University, Hebei University of Technology, North China Electric Power University,Jiangnan University, and others as a stable source of high-quality innovative talents for the Company, so providing animportant guarantee for the Company to reserve technical elites, quickly build an expert team and consolidate thetechnical foundation.

Industry-university-research cooperation

Establishing industry-university-research cooperation with colleges and universities totrain technical personnelCase

The Company has established close cooperation with universities such as Jiangnan University. The contentof cooperation included the introduction of special three-dimensional designers, which helps to improve itsdigital, modular vehicle and parts design capabilities and technical strength. By cultivating talents throughthe industry-university-research cooperation, the Company continuously cultivates compound talents andimproves its technological innovation capabilities, thus laying a solid foundation for innovative research anddevelopment of products that satisfy users.

Being engaged in the electric bicycle industry for years, Aima Technology organized or participated in the formulationand issuance of industry standards and local group standards for many times. For example, it participated in theMotors and Controllers for E-bikes, Digital Management Guide for Electric Bicycles and Takeaway-Speci?c VehiclesPart I: Takeaway-Specific Electric Bicycle issued by the China Bicycle Association. The Company also participatedin the formulation and issuance of such standards as General Technical Speci?cation for Electric Control System ofElectric Bicycles applicable in Tianjin and Safety Requirements for Lithium-ion Batteries and Chargers for ElectricBicycle applicable in Shanghai, so eectively promoting the standardization development of the whole industry.

Formulation of standards

As of December 31, 2022, the Company had organized or participated in the formulation andissue of

standards, and

standards had not been released yet

Aima Technology participated in the compilation of the Safety Speci?cations for ElectricMotorcycles and Electric Mopeds (GB 24155-2020), Electric Motorcycles and Electric Mopeds—Power Performance—Test Method (GB/T 24156-2018), and Technical Requirements of Charger for

Electric Bicycles (GB/T 36944-2018)

7675

Total number of suppliers590Number of new suppliers38

Number of suppliers certified by quality

management system

Aima Technology always adheres to the value integration of manufacturer and dealer, and actively maintains good cooperativerelations with dealers. The Company has established a sound dealer management system, with detailed regulations on dealeraccess, management, training, assessment, evaluation and others.After establishing cooperative relationships with dealers, the Company provides them with empowerment training accordingto its management standards for dealers, and assists them in sales planning, market promotion, after-sales service, etc.,so improving customer satisfaction and the Company’s overall market position. At the same time, the Company conductstargeted training and special assistance for dealers, driving them to improve their abilities, improving the reputations of AimaTechnology’s products and services among users, and greatly enhancing users’ service experience.The Company regularly conducts dealer satisfaction surveys and timely receives their feedbacks. The Company adopted a“city visiting + questionnaire survey” method to visit and survey dealers in eight cities including Tianjin, Hangzhou, Changsha,Wuhan, etc. According to the survey results, the Company carried out special improvement plans for the shortcomings ofsupply, market and channel modules.

A strong and stable supply chain is the underlying support for Aima Technology to deliver high-quality products andservices to customers in a timely manner. At present, the Company has established a scienti?c and comprehensivesupplier management system, including Regulations on Regular Inspection of Qualified Suppliers, Regulations onEvaluation and Grading Management of Quali?ed Suppliers, Regulations on Management of Claims to and Penaltiesfor Suppliers and Provisions on Management of Supplier System Optimization. In addition, the Company emphasizesthe sustainability management of suppliers, builds a sunlight procurement chain, and enhances the social responsibilityawareness and management capabilities of suppliers through trainings, evaluations, and aid measures, ultimatelymaking a sustainable and highly resilient industry chain of electric two-wheelers and three-wheelers.

Supplier management

Dealer cooperation

Supplier selection: Suppliers are selected according to the Company’s needs and their technical strength. “Newdemand + new material + new technology + new process” is the primary criterion for supplier selection.Supplier evaluation: The Company conducts comprehensive evaluations on a monthly, semi-annual and annualbasis. If any problems that need to be recti?ed by the supplier are found in the inspections, the Company will takecorresponding measures according to the severity of the event as stipulated by the Regulations on Managementof Claims to and Penalties for Suppliers and Provisions on Management of Supplier System Optimization, so as tominimize the negative impacts. If the supplier fails to complete the improvement or corrective measures within half ayear, the Company will withdraw it from the supplier base according to the regulations.

For a long time, compliance issues such as sunlight procurement have been the primary work of the Company’s supplychain management. Internally, the Company regularly conducts compliance training and assessment for procurementpersonnel. Externally, the Company requires all suppliers to sign a sunlight procurement agreement beforecooperating with Aima Technology, and all engineering contractors must sign the Safety and Environmental ProtectionManagement Agreement for Field (Construction) Units.In order to enhance the sustainable development concept of suppliers, Aima Technology conducts a systematicanalysis of the suppliers’ QCDDS (i.e., quality, cost, development, delivery and service) , and advocates for theircontinuous introduction of new materials, new technologies, new processes and reducing the application of high-pollution and non-recyclable materials, so driving the industrial upgrading of suppliers, and laying a solid foundationfor the Company to build a green product supply chain.

To improve the quality and efficiency of procurement, Aima Technology adopts measures internally such as reducing thenumber of parts through platform upgrading and improving the accuracy of planning, and asks the suppliers externallyto continuously improve their processes and provides technical consulting, management assistance and other supportingmeasures to improve their operational eciency and technical capabilities. At the same time, the Company’s procurementdepartment cooperates with the production and sales departments to implement strategic inventories for common parts andparts with long delivery times, and oers aid for suppliers of more than 30 kinds of important parts to establish productionfactories, oces or third-party transfer warehouses near the Company’s production bases, so promoting the localization rateof suppliers, enhancing the feedback speed and risk resistance of the supply chain.Supplier selection and evaluation

Responsible procurement

Supply chain procurement quality and efficiency

Disclosure Items

Disclosure Items

Number

Number

Opening many stores, Aima Technology collaboratesd with dealers to promoteindustry service standardizationCaseBy the end of 2022, the Company had built a marketing and service network with more than 1,900 global dealers andover 30,000 terminal stores. With the increase of store coverage and the arrival of the “service provider era”, orientedby user needs, Aima Technology collaborated with dealers to formulate standardized, quanti?ed and modularizedservice standards for terminal stores to comprehensively upgrade and empower them from user experience, brandpositioning, terminal image and others, which could improve Aima Technology’s brand service, and also drive dealersto comprehensively increase product sales, improve service skills, and expand company scale, so obtaining their trustand support, and truly achieving the value integration of manufacturer and dealer.

Aima Technology pays close attention to fire safety issues, and established aspecial ?re safety management team in 2021, starting related work from technicaldevelopment, supplier quality control, dealer service support and other important?elds.

Fire prevention, Aima is in action

Technology development

The Company invested in newtechnology development, delved intobattery connection line insurance,separate high/low voltage circuits ofthe whole vehicle, low voltage circuitcontrol technology of the wholevehicle, ?rewall technology of thewhole vehicle, etc.

The Company attaches importanceto source management, incorporated?re safety requirements intocomponent quality agreementswith suppliers, and established anunannounced inspection system forit. In 2022, a total of 92 unannouncedinspections were carried out onsuppliers, involving 52 items of ?resafety.

The Company continuously providesdealers with technical support for?re safety operation speci?cations.The user service center developedrelevant training courseware, andcarried out 14 training sessions in totalthrough special training, informationplatform push and one-to-one on-sitecoaching, empowering 433 dealers;the live broadcast covered 3,257people, with 168 dealers conductingsecondary learning.

SuppliersDealers

The ?re safety specialmanagement team hasmore than

expertsand sta of all levels

Information Empowerment andDigital TransformationIntelligent and digital construction is an eective tool for the Company to promote cost reduction, eciency improvement andvalue innovation. Based on its own development, Aima Technology has established a “three-step” digital transformation goal of“1. Empower business comprehensively; 2. Drive operation with data and intelligence; 3. Build a digital ecosystem”.To achieve the goal of digital transformation, the Company has built a digital team with three modules of big data, business ITcenter and digital technology center, which undertake the Company’s digital transformation work from seven aspects includingbig data, technology development, technology operation and maintenance, intelligent manufacturing, digital marketing, vehicleservice and innovative application. The Company has established the digital transformation policy of “connecting systems,aggregating and analyzing big data, digital marketing, and achieving value integrated development of manufacturer anddealer”. In 2022, the Group made major breakthroughs in digital management, intelligent production and others, and wonmany awards and honors including “Digital Transformation Advanced Unit of China’s Light Industry in 2022”.

Aima Technology won another award for its intelligent production, that is “2022 Ding-Ge Award”CaseThe Ding-Ge Award of the digital transformation vanguard list, recognized as the most credible corporate digitaltransformation award, is a corporate digital transformation award jointly organized by Harvard Business Review andSAP, and supported academically by the Global Industry Research Institute of Tsinghua University.In November 2022, the Harvard Business ReviewCentennial China Annual Conference was held in Beijingwith the theme of “New Century, New Change andNew Management”. Aima Technology, with its own “361Digital Engineering” project, promoted the enterprisedigital transformation, achieved the digitalizationproject of lean production at the enterprise end,standardized dealer management at the sales end, anddiversified customer feedback at the after-sales end,so won the 2022 Ding-Ge Award of Annual IndustrialChain Leading Enterprise in the Digital TransformationVanguard List.Aima Technology won the “2022 Ding-Ge Award ofAnnual Industrial Chain Leading Enterprise in the Digital

Transformation Vanguard List"

Aima Technology won the award of “Digital TransformationAdvanced Unit of China’s Light Industry in 2022” issued byChina Light Industry Federation and others

Aima Technology won the “Excellent AchievementAward for Technology R&D” issued by Tianjin Bicycle andElectric Vehicle Industry Association and others

Aima Technology’s BI Business Intelligence Big Data AnalysisSystem and Implementation Case won the award of “100Excellent Cases for Data Management” issued by ChinaElectronics and Information Industry Federation

Aima Technology received the Integration of Informatizationand Industrialization Management System Certi?cate (AAACerti?cate) of the China Classi?cation Society (CCS)

8079

People First, Heading Hand in HandEmployees are the source and driving force for the enterprise sustainable development. Aima Technology strives to create aharmonious, democratic and safe working environment for its sta. The Company respects the basic rights and interests ofemployees, prohibits illegal labor practices such as forced bondage and child labor, opposes discrimination against and abuseof employees, maintain employee welfare, respects their races, nationalities, religions, disability status, gender, and ensures thatevery employee can enjoy equal and non-discriminatory treatment.

Talent strategy

Protection of employees' rights and interestsUnder the talent management philosophy of “showing respect for our sta, improving their competence and making themhappy”, the Company appreciates human capital, and continuously improves its core competitiveness, labor productivity andoperational eciency by increasing input in R&D and technological innovation and realizing digital transformation, so as tomake its per capita salary more competitive in the industry. At the same time, the Company determines the talent demand andreserve plan based on its own business needs, and builds the “talent forest” of Aima Technology, providing high-quality talentbackup for the implementation of its overall strategy.The Company realizes its talent strategy through two channels: “external introduction” and “internal development”. It buildsstrategic capability centers in strategic resource gathering areas, increases investments in basic research and innovation, andattracts high-end R&D technical talents, forming the “big camphor trees” in the “talent forest”. Meanwhile, the Company alsofocuses on colleges and universities, introducing outstanding graduates to become the “small saplings” in the “talent forest”.The “big camphor trees” and the “small saplings” grow together and in?uence each other, forming a self-contained “talentforest” of the Company.

The Company implements and protects the rights and interests of employees, ensures the diversity and equality of

employment, and creates an equal, stable and united workplace environment for them. At the same time, the Company

regularly conducts sta satisfaction surveys and actively listens to their opinions.

Aima Technology continuously focuses on organizational development and talent cultivation, strengthens cadre echelonmanagement, and builds an Aima quali?cation system for professional talents and skilled talents.

The Company established a cadreleadership quality model andclari?ed the cadre standards;The Company improved the cadreevaluation mechanism, implementedthe cadre nomination process, andestablished a cadre ?le system;The Company carried out cadreempowerment projects of "sailing","voyage" and "leading" for dierentlevels of management cadres;The Company planed andimplemented the “High PotentialDolphin Project” for high-potentialcadre reserve talents.

The Company improved thequali?cation requirements formore than 20 professional groupsand more than 180 professionalpositions.

The Company created adevelopment channel for skilledtalents, clari?ed the correspondingtechnical ability standards andrequirements of each post rank,and promoted the inheritanceof the spirit of “great countrycraftsman” within the Company.

Establishment of a regularcadre management mechanism

Establishment of a systematizedprofessional qualification system

Creation of a “developmentchannel” for skilled talents

The Company has always adhered to building a diverse and multicultural workforce, actively embracing and

encouraging outstanding talents across dierent ownerships, industries and borders, and bringing them together into

the Aima Technology family, where they can grow and thrive under its “love culture”.

The Company adheres to legal recruitment and salary management, and has established a number of rules and

methods, such as the Regulations on Recruitment and Employment Management, the Regulations on Employee

Compensation Management of Aima Group, the Regulations (Trial Operation) on Attendance and Leave Management,

the Regulations on Employee Job Change Management and the Method of Subsidies Management for Sta Dispatched

Overseas, etc., thereby achieving legal and transparent employment and protecting all kinds of employees' rights and

interests.

Aima Technology attaches great importance to

the employees’ opinions of and actively listens

to them. In 2022, the Company conducted staff

satisfaction surveys quarterly, and carefully designed

questionnaires based on its actual situation, and

the content of which was the satisfaction level of

employees with its four types of operating systems

(including talent operation center, financial system,

brand center and digital intelligence Center), so that

the Company could learn the employees’ actual

feelings about its operation, and implement targeted

improvement measures, which is conducive to

improving employee satisfaction and loyalty.

In these surveys, employees scored different four

operating systems based on 9-11 questions, there

were four options of "very satisfied, satisfied,

dissatis?ed and not involved or not understood", and

the weight of each option was 100, 80, 60 and 0,

at the same time, the feedbacks of employees were

collected. These surveys ensured fairness and also

gave employees enough space to choose. In 2022, the

overall average score of employee satisfaction survey

was around 90. The high satisfaction of employees

with the Company also earned recognition from third

parties. At the beginning of 2023, the Company won

the IPA Platinum Employer Award.

The Company has established a fair and equitable value evaluation and distribution system, adhered to orientation of

responsibility and results, insisted on widening the distribution gap according to contributions and responsibilities, and

making the outstanding strivers get reasonable remuneration. In addition, the Company has established an operating

mechanism that could quickly meet user needs, integrating the modules of planning, R&D, supplying, production,

sales and service into one operating entity, so that all the eorts are made for the same target and all the pro?ts are

generated from the same source.

Talent management actions

Talent diversity

Employees' rights and interests

Staff satisfaction surveys

Creation of a fair and just environment

Cadre nominationCadre fosteringCadre evaluationCadre appointment and removal

Cadre management mechanism

The Company won the IPAPlatinum Employer Award

The Company won the “ChinaBest Employer Award for theYear 2022” award issued by

Zhaopin Recruitment

8281

Talent DevelopmentTalent development is the driving force for the Company’s continuous development. The Company actively provides itsemployees with open, transparent and highly competitive career development paths and promotion channels, enablingevery employee to have a clear direction for their career development and encouraging them to grow together withthe Company.The Company conducts regular standard iterations and qualification evaluations work every year according to theRegulations on Qualification Management and the Qualification Standards for Different Occupational Groups. Thequali?cation evaluations are organized once a year and the results are publicized within the Group.The Qualification Standards for Different Occupational Groups are the professional classifications of differentpositions set by Aima Technology according to its own business needs and development strategy. There are morethan 20 groups in total, each with detailed job responsibilities, quali?cation standards and career development paths.

The learning center of Aima Technology consists of four modules that arenew employee training module, leadership module, professional ?eld moduleand general skills module. In each module, the Company has designed arich training system for different topics, forming a multi-domain, multi-level and modular curriculum system, which comprehensively improves theemployees’ abilities and their overall eciency.Meanwhile, the Company also regularly invites professional external teachersto impart the latest concepts and practical experience to employees,better play the strategic valuable role of the learning center as a strategicimplementation accelerator, external concept resource introducer, humancapital value-added tool, and cadre training base.

Learning Center

The new staff started their new journey in AimaCaseIn order to welcome the arrival of the eaglets (graduates newly recruited), the sta of Aima Technologyarrived at Tianjin West Station and South Station at 7:30 am to carry out the welcome activities for theeaglets. In addition, after they joined the Company, the Company would conduct a series of trainingcourses, including production line operation, information security, anti-corruption, etc. All new employeescould ocially become regular employees only after completing the trainings and passing the assessments.

Employee TrainingIn order to standardize the Company’s talent training work and improve the employees’ professional skills andqualities to meet the needs of its business development, the Company has established the Aima Learning Center.

Job grade 13-15: Strategic construction, being pro?cient invarious professional technologies and management fieldsrelated to the industry, able to guide the Company to carryout technological or management innovation, and undertakethe application planning and implementation of large-scaleprojects and other responsibilities, thus being industryexperts.

Job grade 1-3: Target execution, possessing professionaltheoretical foundation knowledge and basic skills, thusbeing business implementer or reserve talents at thegrassroots level.

Job grade 10-12: Strategic undertaking, having unique andprofound understanding and attainments of the theoriesand practice of the professional field, thus being internalexperts.Job grade 7-9: Tactical construction, possessingprofessional knowledge and skills, and in-depth researchon the professional ?eld, able to guide others to carry outworks.

Job grade 4-6: Tactical promotion, having basicprofessional knowledge and skills, thus being the businessbackbone.

P5

P1

P3

P4

P2

Qualification system

The Company held a welcome event for new graduates and set up an eaglet training camp

In 2022, the Group conducted atotal of

training sessionsThe average training hours peremployee was

12.4

hoursThe direct investment in employeetraining was nearly 10 million yuan

8483

Trainings for Aima middle-level managers

The train-the-trainer project cultivates strategic talents for Aima

Case

Case

Aima Learning Center conducted three special trainingsessions for middle-level managers in 2022. Throughdierent course settings and a lot of case studies, thetrainees fully learned various management knowledgeand practical experience, improving the middle-levelmanagers' general management competence, andreinforcing the backbone of the Company.

To promote the cultivation of internal talents, AimaTechnology started planning the train-the-trainerproject since 2021, through which the Company trainsand incubates outstanding internal employees tobecome internal mentors who have capabilities ofconsulting, teaching, advising, knowledge sharing, andcultivating talents for the enterprises. In September2022, the Company held the graduation ceremony forthe new session of the train-the-trainer project. Someoutstanding employees improved their training andcoaching skills through lecturing skills, PPT productionand other training courses and were recognized astrainers after being evaluated by the Learning Center.

Employee care

The Company earnestly provides benefits for employees, including statutory benefits, extra medicalinsurance, meal subsidies, utility subsidies, holiday expenses, funeral subsidies, etc., demonstrating itsconcern for their welfare.

The Company has equipped the Tianjin factory area with gyms, mother and baby rooms, and freeshuttle buses, for creating a comfortable working atmosphere and a warm and harmonious workplaceenvironment for employees.

Employee benefits

Caring for employees

Baby care rooms

The Company held an action project workshop

The Company implemented the Implementation Plan of Aima Summer Daycare Class andsolved the practical difficulties of some employees in taking care of their children duringthe summer vacation. Over 120 children participated, and each class was equipped with twoprofessional teachers and childcare facilities, demonstrating Aima Technology’s “preciseand refined” feedback to the needs of employees, and meeting their new expectations ofemployees for a better life.

Launching summer daycare classes to alleviate the employees’ difficulties of childcareCase

Action project

workshop

The Company conducted special trainings for

middle-level managers

The Company held activities with the theme of

2022 train-the-trainer

Launching summer daycare classes

8685

In May 2022, Aima Technology held the second fun sports meeting with the theme of “Lead the Field withLove on the Track”. More than 1,600 employees participated in the sports meeting, which included sixcompetitions including cooperative walking, thunder drumming, crossing the river by feeling for stones,hitting the target, rope dancing and tug-of-war. By competing against each other in these games, theemployees showed their positive and active image and increased the cohesion of teamwork among them.

In October 2022, Aima Technology held the large-scale employee activity of “The hardworking light ?redby me” in its seven production bases across Tianjin, Shangqiu, Dongguan, Wuxi, Taizhou, Guigang andChongqing simultaneously. This was the Company's first nationwide event involving all seven productionbases, and it was divided into four chapters, that were ”The Glorious Era”, “Strive Like You”, “Share the Glory”and “The Future Journey”, looking back on the Company's striving history from its ?rst product launchingto its sales surpassing 60 million units worldwide, also expressing appreciation to the employees for theircontributions to the its development by giving awards of “The Most Beautiful Striver” and “Employees withTwenty Years Loyalty”, so that the employees could deeply feel the its concern and care for them.

Here’s the fun sports meeting, enjoy!

The large-scale employee activity of “The hardworking light fired by me” was held Successfully

Case

Case

Aima Technology organizes various activities such as reading clubs and basketball games every year, which not onlyimprove the physical ?tness of employees, but also enrich their spiritual life.At the same time, the Company also cares deeply about the lives of female employees. On Women's day, it held anevent of “Charming Women, Happy Women”, including floral salon, DIY illustration and others. And the Companydistributed gifts to female employees to express care and greetings for them.

Aima Technology has established a self-contained assistance management system. Employees in need can ?ll out theApplication Form for Relief of Aima Dicult Employees according to the Rules on Relief Management for DicultEmployees of Aima Group labor Union and apply to the Company for hardship subsidies, which aims to solve theiractual diculties and problems.

Employee activities

Employee consolation

An essay contest was launched to promote Aima’s valuesCaseIn order to vigorously promote the values of “Users First, Striving Based, High Integrity, Technology Driven,Open and Innovative, Strong Sense of Responsibility”, and make the behavior elements advocated in thesevalues become the vane of the employees’ long-term eorts, Aima Technology held an essay contest underthe principle of “Extensive collection, key recommendation, selection of the best”. The employees activelyparticipated in it, 25 excellent works were selected for the final voting session, and the Company set upgenerous rewards for 17 employees who won the contest.

Guangdong Worker Pioneer

Title

Aima Technology Labor Union won multiple honors

Wuxi City HappinessCanteen

Carnation Service Station for

Female Employees

Wuxi City Collective NegotiationThree-Star Enterprise

Held a fun sports meeting

Held a large-scale employee activity party

In 2022, Aima Technology distributed nearly100,000yuan of consolation money to employeesin need.

8887

Obtained ISO45001 occupational health and safety management system certification certificate

Carried out special work on safety risk management assessment and improvement

In 2022, Jiangsu Vehicle Industry carried out a special work on safety risk management assessment andimprovement with the participation of all employees, which effectively checked the fire and productionrisks of the whole factory and Implemented targeted improvements. This special safety activity eectivelyenhanced the safety production awareness of all employees, improved the factory’s safety risk managementlevel, and created a safe and low-risk production environment for employees.

Strictly implementing factory risk management to create a safe production environmentCaseOccupational health and safety

Aima Technology attaches great importance to employee health. The Company adheres to the occupational healthand safety policy of “ensuring employee safety, eliminating safety accidents, complying with legal requirements, andcontinuously improving the system”, establishes the core objectives of "7 0" EHS safety and environmental protectionmanagement, and strictly follows relevant laws and regulations to formulate the Aima Group Safety and EnvironmentalProtection Management Work Manual, Safety and Environmental Protection Operation Control Standards, Safety andEnvironmental Protection Management Review System, Safety and Environmental Protection Work Assessment Systemand Safety and Environmental Protection Emergency Management System, for building a sound occupational healthmanagement system, ensuring the health and safety of employees’ working environment, and eectively controllingoccupational health risks. The Company has passed the ISO45001:2018 occupational health and safety managementsystem certi?cation.

Occupational health and safety system

Core objectives of EHS safety and environmental protection management

EnvironmentalprotectionFood safety

No seriousinjuries or deathshappened in theCompanyIndicators

0000000

No majoraccidents involvingspecial equipmenthappened in theCompany

No major trafficaccidents ofwhich theCompanyassuming primaryresponsibilityNo occupationaldiseaseshappened in theCompany

No fire accidentshappened in theCompany

No foodpoisoningincidentshappened in theCompany

No seriousenvironmentalpollutionincidentshappened in theCompany

Fire safetyTraffic safetyOccupationalhealthSpecialfacilitiesProductionsafety

9089

Production5,155

63.4%

Sales1,183

14.6%

Technical91711.3%Financial1541.9%Administrative7178.8%

Total8,126100%In order to improve the rescue and first aid skillsof employees, the Company cooperated with theRed Cross Society of China to carry out the “AimaAnnual Emergency First Aid Specialist Training”, thecontent of which included emergency ?rst aid skills,cardiopulmonary resuscitation, Heimlich maneuver,etc. After this training, 37 employees obtained theemergency first aid training certificate, effectivelycultivating and improving their self-rescue andmutual rescue awareness and skills, reducing the risksbrought by accidental injuries, sudden accidents,diseases, etc., enhancing emergency responsecapabilities, and implementing the production andoperation philosophy of “life ?rst, safety ?rst”.

Conducting special rescue training to ensure employee safetyCase

Emergency first aid training site

Employee benefits and compensation

Adhering to the compensation philosophy of “relatively fair internally, more competitive externally, law-abiding,performance-based, and long-term retention of key employees”, and combining its current business scope, theCompany has established a position grade and rank compensation system based on the position system standardand the quali?cation evaluation. At the same time, the Company implements an employee stock incentive plan, whichbinds the growth of backbone employees with the development of the Company in depth, for retaining its core talents.Aima Technology’s business development is tied closely to the compensation of each employee by its diversifiedcompensation system, making its long-term sustainable development of inseparable from the hard work and dedicationof each employee.The gender composition of the Group’s employees as of December 31, 2022

The professional composition of the Group’s employees as of December 31, 2022

Safety education and training meeting of Henan Vehicle

Fire evacuation drill of Chongqing Vehicle

Monthly safety management meeting of Guangdong Vehicle

Fire fighting skill competition of Tianjin Vehicle

Items

Items

Male5,50567.7%

32.3%

100%2,6218,126FemaleTotal

Number of employees

Number of employees

Percentage

Percentage

The Company attaches great importance to the safety protection of employees and continues to invest funds to ensuretheir safety. The Company conducts regular physical examinations for employees, and arranges special inspections forspecial positions such as spraying, welding, noise, etc., providing health protection for employees.At the same time, the Company also organizes employees to conduct special safety training every year, for enhancingtheir safety awareness. During the reporting period, no major safety accidents occurred in the Company.

Employee safety protection

9291

Developing with Responsibility,Giving Back to Society

Upholding the corporate responsibility of “love”, Aima Technology practices the idea of “loving society”, and activelyassumes social responsibility, it has carried out public welfare and charity projects such as rural revitalization, educationsupport, and community public welfare, promoting the harmonious development of society.

Aima Technology has established point-to-pointassistance relationships with multiple villages and towns,supporting local rural revitalization in various aspectsincluding employment, donations, supporting forecological construction and others, and has visited thesevillages and towns many times.In addition, the Company often organizes procurementfrom origin. By directly connecting with local farmers andpurchasing local agricultural products as holiday giftsfor employees, we provide healthy and green food foremployees and also help local farmers to solve the painpoints of sales channels, so increasing their incomes andsupporting local agricultural development.

Rural Revitalization

The Company dispatched special cars to ensure the employment of employees

Aima Technology donated electric two-wheelers worth

1.5 million yuan to support the work of cadres at basic level in

Huangnan Tibetan Autonomous Prefecture, Qinghai Province.

Ningxia Environmental Protection Public Welfare Aid

Program of “Dream Forest of Aima”

Establishing counterpart cooperation with Zhenyuan County, and Helping it with employment

Helping rural revitalization in Qinghai and supporting the work of basic-level cadres

Donating an ecological forest and generating incomes for the local people

Case

Case

Case

In 2020, to improve the rural employment in Zhenyuan County, Gansu Province, Aima Technology establishedcounterpart cooperation with it and dispatched special cars to directly pick up workers from ZhenyuanCounty, thousands of miles away, to the Tianjin factory of the Company, which successfully providedemployment opportunities for local workers and recruited more than 340 laborers from Zhenyuan County.It brought stable labor incomes to hundreds of families in underdeveloped areas and truly combined helpingactions with employment, so authoritative media such as CCTV and Xinhua News Agency made relevantreports and praised the Company.

Huangnan Tibetan Autonomous Prefecture inQinghai Province is the counterpart area that TianjinCity offers construction aid. Aima Technologyresponded to the call of the Tianjin Municipal PartyCommittee and Municipal Government and activelyparticipated in the construction of the counterpartarea. It donated electric two-wheelers with a totalvalue of 1.5 million yuan to Huangnan based on thecombination of meeting local needs with its owncharacteristics, demonstrating its sense of missionand responsibility in achieving win-win developmentand contributing to society through cooperationsbetween the eastern and western regions.

Aima Technology participated in supporting “Happy Home-Western Greening Action” ecological povertyalleviation (Ningxia) project of China Green Foundation and launched the environmental protection public welfareaid program of “Dream Forest of Aima”, for making which Aima Technology donated 10,000 ecological trees. Itnot only greened barren hills to protect our homeland, but also helped local residents increase production andincomes to get rid of poverty and become rich.Up to now, the 10,000 goji berries and sea buckthornseedlings donated by the Company have becomethe “money trees” for local farmers to becomerich and well-off, realizing “turning yellow sand togold”. So the China Green Foundation also calledon more enterprises to actively participate in greenenvironmental protection public welfare undertakingsas Aima Technology.

The Company has won the award of “Excellent PracticeCases of Listed Companies in Rural Revitalization” issued

by the China Listed Companies Association

Contributing to Public Welfare - Desert Organic ApplesCaseNi Tiejun, a 71-year-oldsand control veteran in InnerMongolia, has devoted himself to sand control for22 years. However, due to the changing marketenvironment and logistics obstruction this year, theold man had diculties in selling apples produced by500-mu groves. After learning about the old man’sdeeds, the Company called on all Aima people topurchase the desert organic apples (achievementsof sand control) through Aima Technology’s ocialWeChat and private domain channels, contributing tothe old man’s public welfare of desert control. AimaTechnology purchased 48,470 jin of desert apples,together with retail purchases, helping the old mansell a total of 49,340 jin of desert apples.

Aima Technology helped Inner Mongolia sand control

veteran

Honor

9493

Charity Donation Ceremony

Donation Ceremony Site

Devoting Aima’s Strength to Funding EducationCaseIn September 2021, the Party Committee and Government of Dongjin Town under Gangbei District ofGuigang City, Guangxi joined hands with Aima Technology to hold a charity donation ceremony at ZhengcunPrimary School in Dongjin Town. Aima Technology donated 700 schoolbags worth 56,000 yuan to theschool, providing necessary learning supplies for the children and contributing to rural education.

In April 2022, Aima Technology donated 10 million yuan to the 14th Primary School in Jinghai District, TianjinCity, devoting Aima’s strength to local education projects, which was also fully recognized and praised by theTianjin Municipal Government.

Aima Technology actively supports education and contributes to the cultivation and development of national talents.Support for Education and Culture

The Company has been steadily moving forward to fulfill its corporate social responsibility and supporting publicwelfare, interpreting our responsibilities and commitments with practical actions.Support for Communities

Donation Ceremony Site

Aima Technology Donated Helmets for Public Welfare

Aima Public Welfare Actions, Helping Community Construction

Donating Helmets, Contributing to Public Welfare of “One Helmet, One Belt” for Safe Travel

Case

Case

Aima Technology donated funds to build a cement road in Zhongli Village, Zhongli Township, Guigang City,Guangxi Province, facilitating the daily travel of the masses and promoting local economic development. Inaddition, Aima Technology donated a total of 600 electric two-wheelers and three-wheelers to Guigang Cityand 2.52 million yuan in scholarships, for revitalizing local community culture and tourism and providing aid tostudents in need.

In September 2022, the “Changsha Night, Open-air Art Evening Party” themed with “Traffic Safety” wassuccessfully held at the Cultural Square of Binjiang Cultural Park in Changsha. At the evening party, AimaTechnology joined hands with Changsha trac police representatives to give away 1,000 safety helmets totakeaway riders, courier practitioners and citizen representatives for free, promoting the implementation of“one helmet, one belt” and contributing riding safety of local people.

9695

Aima Brand Goes Global

2022 is a milestone year for Aima Technology,during which, Aima Technology re-integrated itsbrand, invited external experts to upgrade theLOGO, redefined the brand formula, strengthenedbrand promotion, and got empowered from theproduct level, human level, and cultural levelthrough multi-matrix linkage, whereby showingthe brand’s soul of fashion upgrading.

To highlight the brand definition of Aima Technology products of “technology, fashion, youth, experience”,the Company has launched themed activities based on these dierent brand de?nitions, through which, theCompany enhanced its interactions with consumers and strengthened its brand imprint.

Aima Brand Activities

Rob JanoffNewly upgraded logo

The Champion Challenging Group Witnessed Aima’s Good Vehicles

Star Chasing Plan 2.0 of Modern New Retro Style

E-sports & Basketball, Showcasing Youthful Vitality of Brand

Case

Case

Case

From April to July 2022, Aima Technology held large-scale riding challenges in ?ve cities includingTianjin, Chongqing, Zhengzhou, Shijiazhuang, and Yangzhou. By signing champion athletes asendorsement and experiencing the challenge of long distances riding personally, the consumersdeeply felt the long range of the product and got impressed with the brand image of bringing abetter traveling experience through technological innovation.

In April to May 2022, the Company held a new product launch event of “Star Chasing Plan 2.0of Modern New Retro Style” at its production bases in Tianjin, Dongguan, Wuxi, Taizhou, andChongqing. The launch covered all dealers and assisted them in improving the product display layoutof their terminal stores, integrating fashion elements into store displays, so that the consumers couldfeel Aima Technology’s products are leading the fashion trend.

In July 2022, the Company held a “Launching Event of Dream Maker x ESTAR” in Tai’an, inviting theEstarpro team, which is popular among Generation Z, to interact deeply with Aima users on site.At the same time, the Company also organized Aima users’ basketball competitions of “BasketballBeing Ready x Sweetness and Coolness Perfect Matching” in Zhengzhou, Qingzhou, and Puyang todeepen the communications with them. Through a series of brand activities, the Company analyzesthe behavioral elements of young people, enhances the stickiness of young user groups, andstrengthening their recognition of the Aima brand.

Aima Brand De?nition

9695

TopicTwo

The Company held large-scale riding challenges.

Scenes of the “Launching Event of Dream Maker x ESTAR” and “Basketball Being Ready x Sweetness

and Coolness Perfect Matching”

Scenes of the new product launch event of “Star Chasing Plan 2.0 of Modern New Retro Style”

Brand

Quality

Character

Morality

9897

Crossover Fashion Activities

Sponsorship for Variety Show

Game Cooperation

Cooperation with Douyin and Xiaohongshu Bloggers

Aima Technology has made crossover cooperation with Fashion Bazaar, shooting fashion blockbusters with WuJinyan, Zhao Yingzi, Huang Xiaolei, and Mao Junjie from "Sister Riding the Wind and Waves", for highlightingthe fashion attribute of the brand of Aima electric vehicle, and getting over 260 million views.

Aima Technology sponsored the variety show “Call Me by Fire 2.” Online, the Company used empty mirrorexposure in the program, with celebrity (Fan Shiqi) riding and Wang Dalu shooting original video posts. Oine,the Company used materials related to the variety show in stores to achieve communication eects, with atotal exposure of over 190 million times.

Aima Technology has made crossover cooperation with the mobile game “Perfect World”, embedding theA500 series of vehicles into the game as heroes’ mounts. The two parties jointly interacted and communicatedwith each other on private platforms and embedded the brand elements of Aima Technology in live broadcastrooms of “Perfect World” on multiple live broadcast platforms including Douyin, Douyu, Huya, Kuaishou, andBilibili, deepening the brand in?uence of both parties and achieving pleasing communication results, with a totalexposure of over 12 million times. Aima Technology has increased its interaction with young people through theirfavorite mobile games, so strengthening its brand in?uence among them, and promoting its brand’s youthfulness.Aima Technology has gotten 10 million views on platforms such as Douyin, Xiaohongshu, and Weibo throughFashion Bazaar reviews, conference explorations, and product seeding, among which, a single Douyin blogger’sstore exploration in Sanya obtained 5.52 million views.

To strengthen the brand communication power of Aima Technology continuously, the Company makes crossoverfashion activities, cooperates with well-known fashion bloggers on Douyin and Xiaohongshu, sponsors varietyshows and games, and other activities.

Aima Brand Promotion

Promotional photos of cooperation with Fashion Bazaar.

Promotional image of cooperation between “Call Me

by Fire 2” and Aima Technology

A photo of cooperation with Wang Dalu

Aima Technology made crossover cooperation with the mobile game “Perfect World”Screenshots of platform communication

9897

10099

In 2023, the year of Kui-Mao, everything is new. We set sail withdetermination and forge ahead with perseverance.As the advancement of “double carbon” strategy and theimplementation of “14th Five-Year Plan”, adhering to theenvironmental protection policy of “protecting the environment,saving energy, implementing clean production, and committingto sustainable development”, Aima Technology will continue torefine its products and services, take green product technologyinnovation as basis, and improve energy efficiency, for seizingthe opportunities and realizing goals of “carbon neutrality. TheCompany will integrate the concept of sustainable developmentinto the entire life cycle of its products, improve its greenmanufacturing management capabilities, and make a green andclean manufacturing ecosystem, leading the industry’s low-carbondevelopment, and establishing industrial benchmarks.The Company will always continue to implement the strategicaxis of “Users First, Excellent Products, In-depth Developmentin the Market, Refined Operation,” firmly carry out the brandconcept of “quality + character + morality,” fully explore theneeds of the “product level, human level, and cultural level”, forempowering the terminals, promote its people-oriented “love”culture formed for more than 20 years, caring for employees,serving customers, and bravely taking on social responsibility. Inpractice, The Company will also continue to promote its responseto corporate governance, social responsibility, environmentalprotection, product quality, labor management and other issues,for enhancing its multifaceted influence.While hoping to consolidate our position in the intenselycompetitive landscape of the future, we will also develop ingreat strides, explore diverse green and intelligent tracks, bringconsumers a variety of innovative transportation tools, andestablish a fashionable IP world with Aima characteristics. We willjoin hands in hands with all stakeholders who care about Aima toachieve mutual benefits and win-win results, and jointly open up anew era and a new age for Aima Technology.

WORKING HANDIN HAND FOR ABETTER FUTURE

Taking Responsibility and Protectingthe Ecological Homeland

Striving Based, ShoulderingSocial Responsibility Bravely

Working Hand in Handfor a Better Future

AppendixMessage fromChairman

Consolidating the Foundation ofthe Company with High IntegrityLow-Carbon Travelling,Walking into Aima Technology

Being Compatible and Open, JoiningHands for a Win-Win Future

102101

AppendixKey Performance Table

Economic Responsibility

Governance Responsibility

Social Responsibility

Key indexUnit20212022Change (%)RevenueYuan15,398,710,870.720,802,212,994.535.1%Profit attributable to shareholdersof the listed company

Yuan663,998,092.91,873,433,343.2 182.1%Total assetsYuan13,396,944,911.218,471,355,153.837.9%Net assets attributable toshareholders of the listed company

Yuan4,974,827,390.96,721,176,110.035.1%The amount of the proposed cashdividend (tax included)

Yuan205,220,001.5749,408,805.2265.2%

Average duration of employeesparticipating in compliancetraining

Hour(s)4Corruption-related lawsuitsoccurred in the Company

/0Input related to informationsecurity

Yuan’0000562.6Average duration ofemployees participating in lawpopularization training

Hour(s)8

R&D expensesYuan’000050,668.5Newly authorized patents/436Total number of patents/1,610Total number of suppliers/590Number of new suppliers/38Number of suppliers certified by quality management system/226Staff rightsand interests

Labor contract signing ratio%100%

Employment

Total number of employeesPerson8,126By gender

MalePerson5,505FemalePerson2,621

By professionalcomposition

ProductionPerson5,155SalesPerson1,183TechnicalPerson917FinancialPerson154AdministrativePerson717Employeetraining

Average training hours per employeeHour(s)12.4

Occupationalhealth andsafety

Number of employees at positions with occupationaldisease risks

Person2,981Number of employees participating in occupationaldisease physical examinations

Person2,981Number of employees with occupational disease onsetPerson0Safety production inputYuan’0000976.5Accumulated amount supporting for rural revitalizationYuan’0000574.8Educational aid inputYuan’00001,202Expenditure on public welfare and charityYuan’00002,751.1Projects of charitable public welfare/16

Key index

Key index

Unit

Unit

2022

2022

104103

Environmental Responsibility

Environmental protection inputYuan’00002,042.3Environmental safety trainingSession(s)15Acreage obtained greenfactory certification

Square meters178,448.6Electricity consumptionkWh44,148,137.7GasolineLiter(s)7,075.3DieselLiter(s)21,704Natural gas consumptionCubic meter3,898,248.5Total water consumptionCubic meter629,683.1Total amount of recycled waterCubic meter23,664Total amount of solid wasteTon(s)6,581.5Total amount of harmless solidwaste

Ton(s)5,188.6Total amount of hazardoussolid waste

Ton(s)1,392.9Volatile organic compounds(VOCs)

Ton(s)66.1Particulate matterTon(s)39Nitrogen oxidesTon(s)8.5Sulfur oxidesTon(s)3.7Total amount of sewageDischarge

Cubic meter511,932.3Total amount of plasticPackaging bags

Ton(s)953.2Tree plantingTree(s)631

Key indexUnit2022

Index Guide

GRI StandardsCorresponding Section(s)GRI 2: General Disclosures 2021

About This Report, Company Pro?le, Development History, Strategic Axis,Communications with Stakeholders, Substantive Issue Analysis, CorporategovernanceGRI 3: Material Topics 2021

Communications with Stakeholders, Substantive Issue Analysis, ESG ImportantIssuesGRI 201: Economic Performance 2016Key Performances and Company Honors, AppendixGRI 202: Market Presence 2016/GRI 203: Indirect Economic Impacts 2016Developing with Responsibility, Giving Back to Society, AppendixGRI 204: Procurement Practices 2016

Multi-party Collaboration and Win-Win Cooperation, Key Performances andCompany Honors, AppendixGRI 205: Anti-Corruption 2016Anti-Bribery, Key Performances and Company Honors, AppendixGRI 206: Anti-Competitive Behavior 2016/GRI 207: Tax 2019/GRI 301: Materials 2016

Energy Saving, Carbon Reduction, and Recycling Economy, Emission ControlMeasures for Reaching the Standards, Green Operation and SustainableDevelopment, Lean Production and Green Manufacturing, AppendixGRI 302: Energy 2016

Energy Saving, Carbon Reduction, and Recycling Economy, Lean Productionand Green Manufacturing, Leading the Long Riding Track with ChampionMileage, AppendixGRI 303: Water and Euents 2018

Emission Control Measures for Reaching the Standards, Green Operation andSustainable Development, AppendixGRI 304: Biodiversity 2016 /GRI 305: Emissions 2016Emission Control Measures for Reaching the Standards, AppendixGRI 306: Waste 2020Emission Control Measures for Reaching the Standards, AppendixGRI 308: Supplier Environmental Assessment 2016Multi-party Collaboration and Win-Win Cooperation, AppendixGRI 401: Employment 2016People First, Heading Hand in Hand, AppendixGRI 402: Labor/Management Relations 2016/GRI 403: Occupational Health and Safety 2018People First, Heading Hand in Hand, AppendixGRI 404: Training and Education 2016People First, Heading Hand in Hand, AppendixGRI 405: Diversity and Equal Opportunity 2016People First, Heading Hand in Hand, AppendixGRI 406: Non-Discrimination 2016People First, Heading Hand in Hand, AppendixGRI 407: Freedom of Association and CollectiveBargaining 2016

/GRI 408: Child Labor 2016People First, Heading Hand in Hand, AppendixGRI 409: Forced or Compulsory Labor 2016People First, Heading Hand in Hand, AppendixGRI 410: Security Practices 2016/GRI 413: Local Communities 2016Developing with Responsibility, Giving Back to Society, AppendixGRI 411: Rights of Indigenous Peoples 2016/GRI 414: Supplier Social Assessment 2016Multi-party Collaboration and Win-Win CooperationGRI 415: Public Policy 2016/GRI 416: Customer Health and Safety 2016

Management System for Assured Quality, Opening up a New Riding

Experience with Smart Equipment, AppendixGRI 417: Marketing and Labeling 2016Aima Brand De?nition, Aima Brand Activities, Aima Brand PromotionGRI 418: Customer Privacy 2016Information Security, AppendixNote:

Aima Technology reports the information quoted in this GRI Content Index with reference to the GRI standard.GRI 1 used:

GRI 1: Foundation 2021

106105

Benchmarking Index of the United Nations Sustainable DevelopmentGoals (SDGs)

SDG 1: NoPoverty

Developing with Responsibility, Giving Back to Society

SDG 3: GoodHealth and Well-Being

People First, Heading Hand in Hand

SDG 4: QualityEducation

Developing with Responsibility, Giving Back to Society

SDG 5: GenderEquality

People First, Heading Hand in Hand

SDG 7:

Aordable andClean Energy

Special Topic 1: Green Travelling and Enjoying a SmartLifeEnergy Saving, Carbon Reduction, and Recycling EconomyBeing Technology-driven, Open and InnovativeSDG 8: DecentWork andEconomicGrowth

People First, Heading Hand in Hand

SDG 9: Industry,Innovation, andInfrastructure

Being Technology-driven,Open and innovativeSpecial Topic 1: Green Travellingand Enjoying a Smart LifeManagement System forAssured QualitySDG 10:

ReducedInequalities

People First, Heading Hand in Hand

SDG Indicators

SDG IndicatorsCorresponding Section(s)

Corresponding Section(s)

SDG 12:

ResponsibleConsumptionand Production

Information SecurityManagement Systemfor Assured QualitySincere and User-FirstServices

SDG 13: ClimateAction

Energy Saving, Carbon Reduction, and RecyclingEconomyEmission Control Measures for Reaching the StandardsGreen Operation and Sustainable DevelopmentBeing Technology-driven, Open and InnovativeLean Production and Green ManufacturingSpecial Topic 1: Green Travelling and Enjoying a Smart LifeSDG 14: Lifebelow Water

Emission Control Measures for Reaching the StandardsLean Production and Green Manufacturing

SDG 15: Life onLand

Energy Saving, Carbon Reduction, and RecyclingEconomyEmission Control Measures for Reaching the StandardsGreen Operation and Sustainable Development

SDG 16:

Peace, Justice,and StrongInstitutions

Communications withStakeholdersSubstantive Issue AnalysisESG Important IssuesCorporate GovernanceInformation Disclosure

SDG 17:

Partnerships forthe Goals

Stakeholder CommunicationSubstantive Issue AnalysisESG Important Issues

Sincere and User-FirstServicesInformationEmpowerment andDigital Transformation

Multi-party Collaborationand Win-Win CooperationSpecial Topic 2: AimaBrand Goes Global

Investor Relations andResponding to ExpectationsAnti-BriberyRisk Management andCompliance OperationInformation SecurityParty Building WorkInformation DisclosureInvestor Relationsand Responding toExpectationsMulti-party Collaborationand Win-Win Cooperation

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Feedback FormDear reader:

Hello! Thanks for your time out of your busy schedule to read the 2022 “Environmental, Social, and Governance(ESG) Report” of Aima Technology Group Co., Ltd. In order to provide you and other stakeholders with morevaluable information and effectively promote the Company’s ability and level to fulfill environmental andcorporate social responsibilities, we sincerely look forward to your opinions and suggestions.

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You may contact us by calling, emailing, or sending your feedback to us. Our contact information is as follows:

Postal address: 22/F, World Financial Center, No.2 Dagu North Road, Heping District, Tianjin Zip code: 300041 Tel.: 022-5959 6888 Fax: 022-5959 9570 E-mail: amkj@aimatech.com


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