Manage Industrial Temperature
STOCK CODE 300499
Guangzhou Goaland Energy Conseation Tech. Co., Ltd.
Telephone number：020-66616242Website：www.goaland.com.cnAddress: No. 3 Nanyunwu Road, Science City , Huangpu District, Guangzhou City
ENVIRONMENTAL, SOCIAL AND GOVERNANCE（ESG）
REPORT OF 2024
GUANGZHOU GOALAND ENERGY CONSERVATION TECH. CO., LTD.
Company ProleGoaland 2024
ABOUT THIS REPORT
Sound Governancefor Strengthening FoundationCorporate GovernanceESG Governance
Practicing Business Ethics
Focusing on Core Businessfor Building Industrial Pioneer
Supply Chain Security
Working Together in Unity forSharing Development AchievementsEmployee Rights ProtectionInvestor Rights ProtectionCustomer Rights ProtectionSupplier Rights ProtectionCreditor Rights ProtectionPublic Welfare Initiatives
Green Development for Buildinga Beautiful Environment
ENVIRONMENTAL, SOCIAL AND GOVERNANCE（ESG）REPORT OF 2024Guangzhou Goaland Energy Conseation Tech. Co., Ltd.
I. Impoant NoticeThe Company and all members of the Board of Directors guarantee that the information disclosed herein is true, accurateand complete, free from false records, misleading statements or material omissions.II. Basis for PreparationThis Repo is prepared in accordance with the requirements of relevant laws, regulations and normative documents suchas the Self-Regulato Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation ofChiNext Listed Companies, the Self-Regulato Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange ,and on the basis of the reality of the Company in fullling its corporate social responsibility.III. Time Range
This Repo covers the period of time from Janua 1, 2024 to December 31, 2024, and to ensure the continuity andcomparability of the preparation of this Repo, some content may extend beyond this time range.IV. Repoing Scope
Scope of consolidation of listed company.V. Reference Standards
1. The Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda
2. Sustainability Repoing Standards (GRI Standards) issued by Global Sustainable Development Standards Board (GSSB)
3. Self-Regulato Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation of
ChiNext Listed Companies
4. Self-Regulato Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange — Sustainability Repo (Trial)
5. Corporate Sustainability Disclosure Standards – Basic Standards (Trial) issued by the Minist of Finance
VI. Data SourceThe operational data in this Repo comes from the annual repo, and other data comes from the Company's internaldocuments and information statistics system.VII. Repo AcquisitionThis Repo is released in electronic form and can be accessed and downloaded at http://www.cninfo.com.cn, the informa-tion disclosure website designated by the Shenzhen Stock Exchange.
About GoalandThis Repo, adhering to the principles of objectivity, standardization, transparency, and compre-hensiveness, aims to communicate Goaland's ESG concepts and practices to governments, regulato- authorities, shareholders, investors, employees, customers, suppliers, paners, local communityresidents, and other stakeholders.
Risk Control and
Compliance Management
Focusing on Thermal Manage
-ment Products and Seices
Occupational Health and
Safety Production
Improvement of Environ-mental ManagementClimate Change ResponsePromote Green Oce Practices
Thermal management of high-power electronic equipment (thermal management for UHVDCtransmission, VSC AC power transmission and distribution, high-power electric drive，medicaland big science); Thermal management of high-power density equipment (thermal manage-ment for energy storage, information and communication).
In 2025, Goaland will steadfastly adhere to the "Three favorables" principle, focusing on "technology innovation & indus-trialization of full scene thermal management". Aligning with the pulse of developing new quality productive forces, theCompany will set sail at full speed toward higher goals, continuing to write a brilliant chapter of high-quality growth.
Established in 2001, itimplements the groupmanagement structurewith depamentsincluding administration,nance, humanresources, marketing,technology, engineering,R&D and laboratories.
Established in 2012,the manufacturingbase specializes infull-scenario liquidcooling products, aircoolers, refrigerationunits and pipelineproducts.
Established in 2016, itspecializes in R&D,production and salesof thermal manage-ment products for theelds of big science,big healthcareindust.
Established in 2020, itspecializes in R&D,production and salesof thermalmanagementproducts for datacenters.
Established in 2021, itspecializes in R&D,production and salesof canned waterpump.
Lantian Established in2021,main business isthe research anddevelopment,production, and sales ofevaporative condensersand cooling equipment.
In traditional core sectors such as thermal manage-ment for HVDC transmission, the Company upholds aphilosophy of meticulous renement, while closelymonitoring dynamic changes in customer demands.Adhering to this market-oriented approach, it willcontinuously optimize product design and seicesystems. Through technological innovation andprocess improvement, the Company will comprehen-sively enhance product peormance and qualitystandards. Leveraging rened management practices,it will eectively reduce the total lifecycle cost ofproducts, fuher solidifying its strengths in traditionalsectors and maintaining its leading position within theindust.
The Company will increase R&D investment in marinetechnology and equipment to develop products andsolutions that are better suited for marine environ-ments, establishing a comprehensive oshorebusiness layout. Simultaneously, it will activelyengage in overseas markets, conducting in-depthresearch on the needs of dierent countries andregions. By building localized teams and fosteringcultural integration, the Company will expand itsoverseas market presence, leveraging high-qualityproducts and seices as the foundation to achievesynergistic growth in oshore and overseas markets.
Company Prole
Founded in 2001, Guangzhou Goaland Energy Conseation Tech. Co., Ltd. (stock code: 300499, hereinafter referred to asthe Company or Goaland) was listed on the ChiNext of Shenzhen Stock Exchange in Februa 2016. As one of the earliestdomestic enterprises focusing on technical innovation and industrial application of thermal management, Goaland hasbeen the witness and a driving force in the development of energy-saving technologies within emerging industries.With the mission of "Focus on technology innovation & industrialization of full scene thermal management", Goalandintegrates the world-leading technologies concerning heat transmission, sealing, materials, heat-conducting media, uidcoupling, automatic control, intelligent diagnosis and energy eciency management into the holistic solutions. Goaland'sthermal management equipment utilizes high-eciency, energy-saving technology to dissipate excess heat precisely andrapidly, ensuring the equipment being cooled operates consistently within the optimal temperature range and therebysignicantly enhancing its peormance and seice life. As of now, Goaland's products have been operating stably in over30 countries and regions across six continents.At present, the Company has 5 wholly-owned subsidiaries, 3 holding subsidiaries, 1 panership enterprise, and 1 paici-pating company. The main subsidiaries of the Company are described as follows:
ProspectDrive energy-savingtechnology developmentand focus on mankind
sustainability
Mission
Focus on technologyinnovation & industrializa-
tion of full scene thermalmanagement
CoreBusiness
Key Operational Priorities for the Company in 2025
Consolidating Leading Advantages inTraditional Sectors
Expanding Oshore and Overseas Markets
About GoalandManage Industrial Temperature
Goaland
Headquaersin Guangzhou
Yueyang GoalandHunan GaohanGoaland InnovationLanconLantian
Precisely targeting the demands of grid-side energy
storage, the Company will ramp up R&D eos and
deepen collaborations with grid enterprises and
research institutions. It is committed to providing
one-stop thermal management solutions for grid-side
energy storage, driving scalable growth and gradually
increasing market share in this sector.
The Company will synergize eos across multipledimensions, including technological innovation,market expansion and customer seice, to compre-hensively empower data center liquid coolingproducts. With steady steps, it aims to achievesustained and strong growth in the data centersector.
Growing Market Share in Grid-Side EnergyStorage Thermal Management
Driving Rapid Growth in Data CenterThermal Management
To address the personalized needs of the aftermarket, the Company will develop customized maintenance solutions to
ensure a high degree of compatibility between products and seices. By continuously building a technically procient and
responsive after-sales team, it will provide value-added seices to customers, enhance customer loyalty, and steadily
increase the Company's market share in the maintenance sector. Enhancing Aftermarket Share
Core ValueInnovation, Eciency,Coordination, Self-improve-
ment
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Goaland's Awards and Honors in 2024
GoalandGoalandGoalandGoalandGoalandGoalandGoalandGoalandGoaland
GoalandGoalandGoalandGoalandGoalandLanconLantianLantianYueyang GoalandYueyang GoalandYueyang GoalandYueyang GoalandGoaland InnovationGoaland InnovationGoaland InnovationGoaland InnovationGoaland InnovationGoaland InnovationGoaland InnovationGoaland Innovation
Note 1. "Yueyang Goaland" refers to "Yueyang Goaland Energy Conseation Equipment Manufacturing Co., Ltd.", which is Goaland's subsidia. 2. "Lancon" refers to "Lancon Pump Indust (Shanghai) Co., Ltd.", which is Goaland's subsidia. 3. "Lantian" refers to "Jiangsu Lantian Heat Transfer Technology Co., Ltd.", which is Goaland's subsidia, 4. "Goaland Innovation" refers to "Guangzhou Goaland Innovation Technology Co., Ltd.", it's also a subsidia of Goaland.
The 25th China Patent AwardRe-ceication of High-tech EnterpriseOutstanding Established Unit of Guangzhou Academician-Expe WorkstationsGuangzhou's Key Platforms for "DNIG" EmpowermentGuangzhou Cleaner Production EnterpriseRe-accreditation of CNAS Laboratories CeicationGuangdong Province's Demonstration Enterprise of Seice-Oriented ManufacturingGuangzhou Academician-Expe Workstations (Ongoing Development)Guangdong Provincial Industrial Design Center
Member of the 9th Council of Guangdong Mechanical Engineering SocietyMember of the 9th Council of Guangzhou Mechanical and Electrical Engineering AssociationPassed the Review of National-Level in the Specialized, Rened, Unique and Innovative "Little Giant" EnterpriseThree technological achievements have reached the international leading level, and three advanced levelInnovation-Oriented SMEs Medal Awarded by the SHEITCRecognized as a Member of the Yixing City Engineering Technology Research Center in 2024Recognized as a Technology-Based Small and Medium-sized Enterprise (SME) in Jiangsu Province in 2024 "Yueyang City 2023 Civilized Unit" by the Yueyang City Spiritual Civilization Construction Steering CommitteeAwarded the Title of "Outstanding Private Enterprise" by Yueyang Municipal People's GovernmentStanding Council Member Unit of the Yueyang Advanced Equipment Manufacturing Indust-Education ConsoiumGuangdong Mechanical Engineering Society's Science and Technology Award (Third Class)(Key Technologies and Applications of Immersion Data Center Liquid Cooling Equipment)Guangzhou City "Seed Unicorn" EnterpriseGuangzhou Green Technology Promotion Catalogue – Data Center Modular Immersion Liquid Cooling Equipment2024 "Maker Guangdong" Competition Top 100
S/NAwardeeAwards and Honors
Goaland 2024
January
2024 Company Events
March
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company successfully passed the ceications of InternationalWelding Quality System and EU Railway Welding SystemThe core technologies of the Company's three technological achieve-ments were identied to have reached the international advanced levelThe company was selected as a 2023 Typical Case of Quality Improve-ment in the Indust and Information Technology Sector
One of the Company's subsidiaries obtained the ceication ofHightech EnterpriseOne of the Company's subsidiaries was awarded the title of "2023ODCC Excellent Member Unit" by the China Communications StandardsAssociationThe Company was awarded the title of Guangdong Provincial IndustrialDesign CenterApril
One of the Company's subsidiaries was invited to attend the 2024 DataCenter Cooling Summit ForumThe Company was awarded the 2023 Guangdong Machine IndustScience and Technology AwardMay
The Company's thermal management laborato passed the CNASlaborato re-ceicationJune
Several core technologies of the Company's technological achievementswere identied to have reached the international leading level.
July
One of the Company's subsidiaries' "Data Center ModularImmersion Liquid Cooling Equipment" was successfullyincluded in the "Guangzhou City Green Technology PromotionCatalogue"August
Two of the Company's cutting-edge scientic and technologi-cal achievements were appraised to have reached theinternational leading level and the international advancedlevel, respectively.September
The Company was successfully selected as a "Seice-Orient-ed Manufacturing Demonstration Enterprise of GuangdongProvince"October
One of the Company's subsidiaries was invited to paicipate inthe Transform Conference 2024November
One of the Company's subsidiaries became a foundingmember of Guangzhou Huangpu District Intelligent Comput-ing Ecosystem AllianceDecember
One of the Company's subsidiaries was listed on the "2024Discovering Guangzhou's Unicorn Innovative Enterprise"Two of the Company's products were awarded the title of"Famous High-Tech Product of Guangdong Province"
Guangdong Mechanical Engineering Society's Science and Technology Award (Second Class)(Key Technologies Research for High-Reliability, Large-Capacity Integrated Thermal Management Systems in EnergyStorage Power Stations and Their Applications)Guangdong Machine Indust Science and Technology Award (Third Class)(Research, Development, and Industrialization of Liquid Cooling Systems for Distributed Energy Storage PowerStations)GoalandGoaland
Top 100 Growth-Oriented Projects of the 2024 Guangdong-Hong Kong-Macao Greater Bay Area High-ValuePatent Cultivation and Strategic Layout Competition
Council Member Unit of the Energy Conseation, Environmental Protection and Petrochemical EquipmentIndustrial Chain Pay Building Alliance in Yueyang City
Immersion liquid cooling technology for data centers has been selected for the 《National Key Promotion of LowCarbon Technology Catalog》Ceied with the First Batch of Taier Ceication – CDU320-WW-C Goaland "Submerged Flow" Cold Plate LiquidCooling ProductThe 13th China Innovation and Entrepreneurship Competition (Guangdong Division) & 12th "Pearl River Angel Cup"Technological Innovation and Entrepreneurship Competition in 2024 (Third Class)
During the repoing period, the Company strictly complied with theCompany Law of the People's Republic of China, the Securities Law of thePeople's Republic of China, the Corporate Governance Guidelines forListed Companies, the Rules Governing the Listing of Shares on theChiNext Market of Shenzhen Stock Exchange, the Self-Regulato Guide-lines No. 2 for Companies Listed on Shenzhen Stock Exchange —Standardized Operation of ChiNext Listed Companies and other laws andregulations and relevant provisions, operated under a governancestructure composed of the shareholders' meeting, the board of directors,the board of supeisors and the management, established a relativelycomplete governance system based on the Aicles of Association, Rules ofProcedure for Shareholders' Meetings, Rules of Procedure for the BoardMeetings, Rules of Procedure for the Supeiso Board Meetings, includ-ing a series of standardized regulations; Dened the responsibilities,authority, procedures and obligations of the shareholders' meeting, theboard of directors, the board of supeisors and the management indecision-making, implementation and supeision, and formed a gover-nance structure with scientic division of labor among the power organs,decision-making organs, operating organs and supeiso organs andeective checks and balances, to ensure that each of these institutions andpersonnel can exercise their rights and peorm their duties in accordancewith institutional norms.
The Company strictly regulates the convening, holding and voting procedures of shareholders' meetings in accordance with the Company Law ofthe People's Republic of China, Rules for the Shareholders? Meetings of Listed Companies, Aicles of Association, Rules of Procedure forShareholders' Meetings and other laws, regulations and systems to ensure that all shareholders enjoy equal status, equal rights, and undeakecorresponding obligations, so that small and medium investors can fully exercise their rights.During the repoing period, the shareholders' meetings held by the Company did not violate the Rules for Shareholders' Meetings of ListedCompanies, and all shareholders' meetings were convened by the Board of Directors. The qualications of the personnel attending the sharehold-ers' meetings and the convening and voting procedures of the shareholders' meetings were legal, and in the meantime, lawyers were hired towitness the shareholders' meetings and issue legal opinions.In 2024, the Company organized four shareholders' meetings, during which 13 proposals were deliberated, including one annual general meetingand three extraordina general meetings.
Formulates long-term development strategies and major investment decisions, strengthens thecapability for sustainable development, and provides recommendations to the Board of Directors.
In 2024, the Company organized 7 board meetings, during which 33 proposals were deliberated; A total of 10 meetings of specialcommittees under the Board of Directors were convened, including 1 meeting of the Strategy Committee, 1 meeting of the Remuner-ation and Appraisal Committee, 6 meetings of the Audit Committee and 2 meetings of the Nomination Committee, during which 22proposals were deliberated.
To be responsible for the formulation of selection criteria and procedures for directors and seniormanagement, and the selection and review of directors and senior management and their qualica-tions.
(1)Reviews and examines remuneration policies and plans for directors and senior management;
(2)Formulates or amends equity incentive plans and employee stock ownership plans, and determines
the eligibility criteria for beneciaries to receive and exercise their rights;
1) Proposes the appointment or replacement of external auditors
2) Oversees the internal audit system and its implementation
3) Be responsible for the communication between internal and external auditors
4) Reviews the nancial information
5) Examines the internal control systems and audits of material related-pay transactions.
The Board of Directors of the Company is composed of 6 directors, including 3 independent directors and 1 employee representative director. Alldirectors peorm their duties diligently and responsibly in accordance with the Self-Regulato Guidelines No. 2 for Companies Listed onShenzhen Stock Exchange — Standardized Operation of ChiNext Listed Companies, Rules of Procedure for the Board Meetings, Work System ofIndependent Directors and other provisions. In addition, all directors actively paicipate in relevant training, familiarize with relevant laws andregulations, and eectively improve their abilities to peorm their duties.The Board of Directors of the Company has four special committees, including Strategy and Sustainable Development Committee, Remunerationand Appraisal Committee, Audit Committee and Nomination Committee, and formulated corresponding rules of procedure in accordance withthe requirements of the Self-Regulato Guidelines No. 2 for Companies Listed on Shenzhen Stock Exchange — Standardized Operation ofChiNext Listed Companies. Specialized Committees exercise the following functions:
Maintaining the independence and diversity of members of the Board of Directors not only helps ensure the objectivity and fairness ofdecision-making but also provides diverse perspectives and experiential suppo for the formulation and implementation of corporatestrategies Therefore, the Company strictly complies with all relevant laws, regulations, and governance guidelines and maintains anindependent director ratio that substantially surpasses regulato thresholds.Currently, independent directors constitute half of the Company's Board of Directors, comprising expes from various professional eldssuch as law and nance. Independent directors can fuher enhance the Board of Directors' analytical capabilities and decision-makingeciency regarding complex issues. Additionally, in order to mitigate potential conicts of interest, independent directors are barred frompaicipating in corporate operational management or holding signicant shares in the Company during their tenure, thereby ensuringthey can peorm their supeiso duties from an independent and objective perspective.Additionally, we provide independent directors with sucient resources and suppo, including arranging in-depth communicationbetween independent directors and the management of the Company. These initiatives enable independent directors to gain a compre-hensive understanding of the Company's challenges and oppounities in ESG matters, thereby facilitating long-term value creation.By continuously enhancing the independence of the Board of Directors, the Company is committed to building a transparent andaccountable governance system that creates shared value for stakeholders.
GovernanceGoaland's Governance Structure
The Board of Directors
The Board of
Supeisors
AuditCommittee
Strategy andSustainableDevelopment
Committee
Sremunerationand appraisal
committee
NominationCommitteeLi QiGuan ShengliFang Shuiping
Li ZhiguoSong Xiaoning
ChairmanDirectorDirector
MaleMaleMaleMaleMale
NameTitleGenderAgeProfessional committees
Times of board meetings
to be attended
Actual times of boardmeetings to beattended
Operation of the Three Boards and Management Composition
On Shareholders and Shareholders' Meetings
On Directors and the Board of Directors
Strategy and SustainableDevelopment Committee
Nomination Committee
Remuneration andAppraisal Committee
Audit Committee
7Liang DanniIndependent
Director
Strategy CommitteeRemuneration and AppraisalCommittee, Audit Committee
Strategy CommitteeRemuneration and Appraisal Committee
Audit CommitteeNomination CommitteeRemuneration and Appraisal Committee
Nomination Committee
Audit Committee
Strategy CommitteeNomination Committee
Independent
DirectorIndependent
Director
Female487
Diversity and Independence of the Board of Directors
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Section I Sound Governance forStrengthening Foundation
Shareholders' Meeting
The Company actively organizes Directors, Supeisors, and Senior Management to paicipate intraining, aiming to enhance their awareness of legality and compliance and improve their ability topeorm their duties. During the period of the Repo, the Directors, Supeisors and SeniorManagement of the Company attended a total of 7 training sessions, involving 20 paicipants.
The Board of Supeisors consists of 3 supeisors, including 1 employee representative supeisor and 2 female supeisors. All supeisors areable to conscientiously peorm their duties in accordance with the requirements of the Aicles of Association and Rules of Procedure for theSupeiso Board Meetings, and eectively supeise the major matters and nancial status of the Company as well as the legality and compli-ance of directors and senior management in peorming their duties.In 2024, the Company organized a total of 6 supeisor meetings, during which 14 proposals were deliberated.
Goaland upholds its corporate vision of "Drive energy-saving technology development and focus on mankind sustainability", and places greatemphasis on integrating ESG management concepts into its strategic framework, continuously rening ESG management mechanisms anddening clear ESG objectives. While ensuring the achievement of the Company's operational goals, eos are made to enhance the level of ESGmanagement, proactively address stakeholder expectations, create long-term societal value, and safeguard the Company's sustainable andhigh-quality development.
As of the date of this Repo, the Company has 2 senior executives.The daily operations are conducted by senior executives. The management team possesses extensive indust background and professionalmanagement experience, laying a solid foundation for the sustainable development of the Company.
Complying with the Labor Law of the People's Republic of China, other relevant laws and regulations, and the provisions of the Aicles ofAssociation and the Rules of Procedure of the Remuneration and Appraisal Committee, the Remuneration and Appraisal Committee of theBoard of Directors of Goaland formulates remuneration plans for the directors, supeisors, and senior management while taking into accountthe remuneration levels of peers in the domestic listed companies of the same indust and in conjunction with Goaland's actual operationalconditions, and conducts annual appraisals.In April 2025, the second meeting of the Fifth Remuneration and Appraisal Committee of the Board of Directors reviewed the Proposal on 2024Remuneration for Directors and Senior Management of the Company, deliberating on whether their compensation complies with the approvedstandards. The remuneration for the directors and senior management in 2024 fully complied with the remuneration standards.
①The directors and senior management submit work repos and self-assessments to the Remuneration and Appraisal Committee of the Board
of Directors.
②The Remuneration and Appraisal Committee evaluates directors and senior management in accordance with established peormance criteria
and procedures.
③In accordance with position-based peormance evaluation results and established compensation policies, the remuneration amounts and
incentive methods for directors and senior management are proposed, and upon approval by vote, they are repoed to the Company's Boardof Directors.
The remuneration for Goaland's senior management comprisesbasic remuneration and peormance-based remuneration. Theformer is determined by factors such as position nature androle-specic peormance, while the latter is contingent on jobpeormance, duty fulllment, achievement of targeted responsi-bilities, and the Goaland's operational results.
Goaland has established peect, fair and transparent peormanceappraisal standards and incentive and restraint mechanisms for seniormanagement, fully mobilizing the enthusiasm of the Company'smanagement and core business personnel, and promoting the stableand healthy development of the Company. The remuneration ofmanagement is tied to corporate business peormance targets. Theappointment of senior management is open, transparent, andcomplies with relevant laws and regulations.
ESG Governance Objectives
Governance
Elevate corporate sustainabledevelopment managementEectively manage stakeholderscommunication and engagementAdhere to compliant operations andensure eective risk management
Prioritize safety management
Continuously enhance employeeremuneration and benetsPrioritize employee development
and trainingContinuously invest in socialwelfare and public benet
Enhance Goaland's resource utilizationeciency and build a resource-saving enterprise
Establish a sound ESG governance systemStrengthen communication and engagement withinvestors，suppliers, customers, creditors,
and other stakeholdersStrengthen business ethics awareness and training；Strictly fulll the information disclosureobligations of listed companiesAdhere to energy and water conseation in productionReduce unnecessa material consumptionReduce resource waste in daily oce operations
On Supeisors and the Board of Supeisors
Composition of Senior Management
Remuneration Management for Directors, Supeisors, and Senior Management
（1）Evaluation and assessment procedures for directors and senior management by the Remuneration and Appraisal Committee
（2）Basis for Remuneration Determination
（3）Peormance Evaluation and Incentive-Constraint Mechanism
ESG Governance
Strategic DirectionMedium-Term Objectives
Corresponding UnitedNations Issues
Social
Strengthen the internal safety management systemAdhere to employee safety training and educationEnsure employees' occupational safety and healthEstablish a more robust remuneration systemEstablish a diverse benets systemAdopt diverse remuneration incentive policiesEnhance the employee promotion systemContinuously conduct career development training foremployeesContinuously car out community suppo activitiesContinuously car out employee mutual assistance
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Training for DirectorsSupeisors andSenior Management
Strategic DirectionMedium-Term Objectives
Corresponding United
Nations Issues
Communication with Stakeholders
Material Issues IdenticationEnvironmental and ecological protection
Government and
RegulatoAuthoritiesShareholdersand InvestorsEmployeesCustomersSuppliersLocalCommunities
AcademicInstitutions
Materiality to Goaland's Sustainable DevelopmentHighvery high
?.Governance
Core issuesImportant issueGeneral Issues
?.Investor Relations Management?.Employee Rights Protection?.Compliance and Risk Control
??.Training and Career Development?.Safety and Quality of Productsand Services
?.Tax Management
??.Pollutant Emissions
??.Equal Treatment of Small and
Medium-Sized Enterprises (SMEs)
?.Data Security and Customer Privacy Protection
??.Safety Production Management
??.Waste Management
?.Customer Service
??.Occupational Health
??.Environmental Compliance
Management
??.Due Diligence
?.Intellectual Property Management
??.Supply Chain Security
??.Water Resource Utilization
??.Communication with Stakeholders
??.Sustainable Product??.Innovation-Driven Development??.Anti-Commercial Bribery and Anti-corruption
??.Ecosystem and Biodiversity
Conservation
??.Climate Change Addressing
??.Energy Utilization
??.Anti-Unfair Competition??.Philanthropy & Public Welfare??.Rural Revitalization??.Circular Economy??.Collaborative Industry Advancement??.Community Contribution??.Technology Ethics
Materiality to Stakeholders
very high
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Strategic Direction
Strategic DirectionStrategic DirectionStrategic Direction
Medium-Term Objectives
Corresponding UnitedNations Issues
IssueIdentication
Research, develop and produce
energy-ecient productsSave energy and resourcesReduce pollutants andcarbon emissions
Continuously develop more energy-ecient andenvironmentally friendly productsContinuously produce energy-ecient and environ-mentally friendly products and bring them to marketSave energy and resources in the production processSave energy and resources in daily oce operationsResearch, develop and produce products with lowerpollutants and carbon emissionsReduce pollutants and carbon emissions in theproduction process
Goaland places great emphasis on communication with stakeholders, fully respects their legitimate rights and interests by designing diverse andecient communication channels tailored to the unique needs of dierent stakeholders, in order to proactively understand and actively respond tothe concerns and demands of stakeholders while protecting the right to know of all stakeholders.
In 2024, Goaland conducted the identication of sustainable development issues, as well as the materialityassessment and screening of these issues. The repo provides corresponding disclosures and responsesregarding the management and peormance of the 27 identied issues.IssueEvaluation
During the assessment phase, Goaland invited stakeholders to complete a questionnaire on the materiality ofthe issues and combined it with internal employees’ assessments of the materiality of the issues to develop atwo-dimensional evaluation of the issues’ materiality.
IssueScreening
During the screening phase, Goaland constructed a materiality analysis matrix based on the results of the issueevaluation to prioritize the issues according to their materiality. For high-materiality issues, the Repo providesprioritized disclosures and in-depth analysis.
Supeision and inspection, visits and receptions,and policy promulgation and implementation
Corporate Governance, Compliance and Risk Manage-ment, Philanthropy & Public Welfare, Rural Revitalization,Collaborative Indust Advancement, Anti-Unfair Compe-tition, Pollutant Emissions, and Waste ManagementShareholders' Meeting, Peormance Brieng,Information Disclosure, Strategy Meeting
Corporate Governance, Intellectual Propey Manage-ment, Investor Relations Management, Anti-Bribe andAnti-CorruptionEmployee Activities, Employee Training, Employ-ee Peormance Appraisal
Employee Rights Protection, Occupational Health andSafety, Talent DevelopmentCooperative Transactions, Customer Communi-cation and Seice
Product Safety and Quality, Data Security and CustomerPrivacy, Customer SeiceCooperative Transactions, Daily CommunicationData Security and Supplier Privacy
Talent Collaboration Program, Internship andTraining for Current Students, Establishment ofScholarships and Donations, Daily Communica-tion
Innovation-Driven Development, Intellectual PropeyManagement, Philanthropy & Public Welfare
Daily Communication
Environmental Compliance Management, CommunityContribution, Rural Revitalization, Philanthropy & PublicWelfare
Architecture Oveiew
Decision-making Level
ESG Governance Framework
Strategy and SustainableDevelopment Committeeof the Board of Directors.
ESG Working Group andESG Specialists inEach Depament
ESG Management Team
Risk Control and Compliance Management
Internal Oversight and Control
Tax Management
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Goaland has established a robust ESG management system and is actively implementing ESG management initiatives to promote its long-termsustainable development. To promote the standardization of Goaland's ESG development and enhance the impoance of sustainability issues instrategic decision-making, Goaland has established the Strategy and Sustainable Development Committee of the Board of Directors, with a Sustain-ability Leadership Task Force formed to drive the ESG governance eos.
Goaland adheres to the principle of “being risk-oriented and compliance-focused”, continuously identifyingand examining weaknesses in internal controls and potential risks in business operations from a risk manage-ment perspective while it conducts standardized management, benchmarking exercises, and quaerly summa-ries of key businesses, major projects, and central management to establish a bottom-up self-monitoringmechanism.
Goaland continuously oers compliance training empowerment courses with a total duration of 18 hours,delivered through online learning on the Goaland Academy platform and followed by post-class tests tostrengthen employees' compliance awareness Additionally, employees in key positions sign compliancecommitment letters.
Goaland strictly complies with tax laws and regulations and consistently adheres to the principles of lawful and good-faith taxcompliance. The total tax payment for 2024 amounted to RMB 33.98 million.
The Board of Directors establishes an Audit Committee, under whose oversight the Audit Depamentindependently peorm auditing functions while repoing to and being accountable to the Committee.The Audit Depament, in accordance with the Internal Audit Management System, monitors daily operationsacross relevant business processes, evaluates and reviews internal controls, promptly communicates withresponsibility centers to address audit-identied issues, implements rectication measures, establishes timelinesfor improvements, and conducts subsequent checks to ensure audit closure.During the repoing period, the Audit Depament conducted internal control inspections as planned, encom-passing internal control self-assessments and external audits by accounting rms, and regularly repoed auditndings to the Audit Committee of the Board of Directors and the management, disclosed the annual internalcontrol assessment repo, and eectively mitigated risks to suppo the steady growth.
Goaland integrates risk management comprehensively into its daily operations and has established internal management and control systemscovering organizational structure, human resources, workplace safety, fund management, procurement operations, asset management, salesoperations, engineering projects, contract management, guarantee seices, foreign investments, related-pay transactions, information disclo-sure, and other areas, thereby ensuring that all operations are conducted in accordance with established rules and forming a standardizedmanagement system.Goaland adheres to the principles of comprehensiveness, soundness, independence, and materiality in implementing enterprise-wide riskmanagement, establishing compliance and risk management teams across its business segments/centers. The Risk Management Team isresponsible for identifying and assessing enterprise-wide risks within their respective business segments/centers, developing risk mitigationmeasures, and establishing a risk management system with coordinated collaboration across all management levels and business segments.
As the highest responsible body and decision-making authority for ESG matters, it is tasked with dening thestrategic direction for sustainable development, overseeing and guiding the implementation of ESG initiatives,and ensuring the eective and seamless execution of ESG management practices. Members of the Strategy andSustainable Development Committee of the Board of Directors possess extensive educational backgrounds,professional experience, and academic achievements in nance, accounting, law, and other elds, enabling themto eectively discharge their duties as committee members.
ManagementLed by Goaland's General Manager and Secreta of the Board of Directors, it is responsible for translating theguidelines formulated by the Strategy and Sustainable Development Committee of the Board of Directors intodetailed plans, developing specic implementation schemes, assigning tasks, and monitoring the progress oftheir execution. ESG Management Team regularly repos to the Strategy and Sustainable Development Commit-tee of the Board of Directors.Executive Level
ESG Working Group oversees the ESG initiatives at the corporate level, while ESG specialists in each depamentdrive the implementation of initiatives within their respective depaments. The outcomes of their execution arethen repoed back and evaluated by senior ESG management for validation and approval.
Integrated Command and Coordination
Board of Directors
Strategy and Sustainable Development Committee
ESG Management Team ESG Executive Team ESG Specialists in Each Depament
OverallOversight
AuditOversight
Compliance
Awareness
Training
Practicing Business Ethics
Anti-Corruption Management
Anti-Corruption Management System
Establish and implement internalmanagement systems
Focusing on Thermal Management Products and Seices
Commit to R&D and Innovation
Focusing on Core Business forBuilding Industrial Pioneer
Ecient R&D System
High-Caliber R&D Team
R&D personnel
Total workforce22%
senior engineers
PhD holders
· As of December 31, 2024
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Goaland strictly complies with anti-corruption and anti-bribe laws and standards by aligning with international initiatives such as the UnitedNations Convention against Corruption and the Business Principles for Countering Bribe, and establishes relevant institutional documentsincluding the Regulations on Business Conduct and Ethics to manage anti-commercial bribe and anti-corruption matters. The regulationsstipulate that no employee may directly or indirectly derive nancial interests from other business entities through relationships with their spouseor other family members. The regulations standardize the exchange of gifts between employees and stakeholders to prevent bribe and corruptpractices.
Over the years, the Company has steadfastly pursued the road of scientic and technological innovation, attaching great impoance to productdevelopment and technological innovation, with a focus on the improvement of the enterprise's independent innovation capability. Innovationhas become the prima driving force behind Goaland's development and one of its core competencies. As a leading provider in the eld ofindustrial thermal management, the Company is dedicated to oering professional energy-saving products and comprehensive solutions toglobal customers, striving to be a pioneer in the application of new energy and energy-saving technologies.
The Company boasts an R&D team led by Academician Li Licheng of the Chinese Academy of Engineering. The team is comprised of professorsfrom dierent universities seing as technical advisors, along with senior engineers and PhDs from various disciplines forming the core. TheCompany has established a career platform tailored to the individual need of its talent and has formulated a competitive remuneration andincentive scheme. These eos provide a favorable development platform for technical talent and thus ensure the stability and technicalcontinuity of the R&D team.
As of December 31, 2024, the Company has 177 R&D personnel, accounting for 22% of thetotal workforce, including 9 senior engineers and 2 PhD holders. Going forward, the Compa-ny will continue to recruit more personnel with advanced degrees or senior professionals,and to implement diverse incentive measures to attract and retain talent for a multifaceted,complete professional R&D team.
Based on independent R&D and continuous innovation, the Company has established a sound management system for R&D, transformationand industrialization of achievements, and formulated and strictly enforced regulations such as the "R&D Management Measures," "R&D FundingManagement Measures," "Intellectual Propey Management System," and "Scientic Research Achievement Reward Measures." We haveestablished the Goaland Energy Conseation Institute, dedicated to tackling key technologies in industrial thermal management, conductingfundamental research in R&D innovation and energy eciency management, as well as developing new products and testing them. Over thepast three years, the Research Institute has collaborated with renowned institutions both domestically and internationally, including the Guang-zhou Institute of Energy Conversion, Chinese Academy of Sciences, City University of Hong Kong, Institute of Intelligent Manufacturing GDAS,South China University of Technology, and Guangdong University of Technology, engaging in indust-university-research collaboration in areasincluding power electronics, energy storage, and data centers. This robust research capability, coupled with continuous innovation, fuels theCompany's development.In 2024, the Company continued to increase its R&D investment, enhancing the core competitiveness of products and expediting the develop-ment of new products and technologies, including liquid cooling for oshore VSC-HVDC transmission, liquid cooling for data centers, and aircoolers, with annual R&D investment reaching RMB [ ] million, constituting [ ] of the annual revenue.
Goaland attaches great impoance to the construction of business ethics. Goaland's senior management actively and comprehensively paici-pate in the oversight of business ethics, successfully establishing a comprehensive supeision and management system. In addition, Goalandhas established a robust supplier evaluation and monitoring mechanism encompassing qualication, peormance, supeision and riskmanagement, eectively ensuring the compliance and reliability of its supply chain.
Goaland has established and strengthened the internalanti-corruption and anti-commercial bribe systems,optimized nancial processes to prevent and detect potentialnon-compliant behaviors, organized both online and oineanti-corruption and anti-fraud training courses, to enhanceemployees' ethical awareness and legal consciousness.
Establish a monitoring mechanismGoaland has established internal anti-corruption supeision andrepoing channels to strengthen oversight across business areas,conduct investigations based on repos and hold employees account-able for violating business ethics in accordance with managementpolicies.
Manage the qualications of upstreamand downstream business paners
Goaland strengthens its assessment and management ofcustomers and suppliers, develops relevant managementmeasures tailored to paners, and conducts reviews of thequalications and creditwohiness of newly onboarded andexisting companies.
Protect customer and business information
Anti-Unfair Competition
Goaland respects the rights and interests of its customers and businesspaners, adheres to the principles of honesty and integrity, refrainsfrom obtaining business oppounities or benets through impropermeans, and places a strong emphasis on the quality and safety of itsproducts and seices.Upon establishing cooperation and onboarding, Goaland signs anIntegrity Agreement with suppliers, which requires suppliers to complywith Goaland's established anti-corruption compliance regulations. In2024, all qualied suppliers of Goaland signed the Integrity Agreement.
In daily operations, Goaland strictly complies with the Anti-Monopoly Law of the People's Republic of China, the Anti-Unfair Competition Law ofthe People's Republic of China, and the Civil Code of the People's Republic of China, and other relevant laws and regulations against monopolyand unfair competition as well as the Company's business conduct standards. By upholding the principles of fairness, impaiality, and win-wincooperation, Goaland fosters a fair and competitive business environment, proactively identies, prevents, and addresses risks of monopoly andunfair competition in the market, and remains steadfastly committed to earning customer trust through orderly competition and oeringhigh-quality and reliable seices. Additionally, Goaland requires its paners to adhere to principles of fair competition and integrity in businessoperations, refrain from any actions that harm fair competition or violate antitrust laws, actively engage in antitrust and fair competition riskmanagement, and implement antitrust and fair competition compliance programs. Goaland eectively identies and objectively evaluatescustomer requirements, provides seices to customers based on business integrity, and refrains from engaging in malicious competitionthrough unfair practices. The Audit Depament paicipates in procurement bid supeision to form a closed-loop supeision and managementmechanism, governs the conduct of tenderers, bidders, bid evaluation expes, and other paicipants, and guides Goaland, its employees,customers, suppliers and other stakeholders to operate with integrity and fairness and engage in fair competition.
In 2024, the Company's technical representatives paicipated in multiplehigh-prole forums related to data centers. Guided by the philosophy of "Green &Low-Carbon Development with Innovation-Driven Growth," the Company contin-ued to explore cutting-edge technologies. To create standardized products for allscenarios, the Company proposed a series of solutions aimed at meeting needsacross dierent stages, times, and spaces. The ideas and solutions put forward bythe Company garnered widespread recognition from attending expes.
Leveraging outstanding research capabilities, the Company has undeaken 20 national, provincial, and municipal-level veical and horizontalscientic research projects, including the National Torch Program and Guangdong Province’s Major Programs. Through continuous innovationand R&D, it has received 36 science and technology awards at national, provincial, and municipal levels. In the future, the Company will intensifyits eos in researching indust-forward and core key technologies, aligning closely with national major projects.
With 24 years of experience in the eld of power electronics thermal management equipment, the Company not only focuses on technologicalinnovation but also actively leads the coordinated development of the upstream and downstream industrial chains. Through close collaborationwith upstream suppliers of valves, pipelines, lter elements, and other components, the Company facilitates technological upgrades in rawmaterials, strives to enhance raw material utilization or adopts green materials, and minimizes the use of toxic and hazardous substances, and atthe same time, provides safe, reliable, and energy-ecient thermal management solutions for downstream high-power power electronicsequipment and high-power density equipment.With the fuher implementation of national policies related to HVDC transmission, high-power electric drives, new energy storage, green datacenters, and other industries, the Company is continuously expanding and rening its industrial layout. Leveraging advanced technology andinnovative thermal management products, the Company provides customers with reliable and sustainable energy solutions, promoting thegreen and low-carbon transition of the energy sector.
In November 2024, the Company was invited to become a member of the "GuangzhouHuangpu District Intelligent Computing Ecosystem Alliance." Moving forward, the Companywill continue to deepen the application and development of liquid cooling technology indata centers, safeguarding green computing power and continuously promoting the deepintegration of digital technology with the real economy.
HVDC transmission technology currently represents the mostadvanced and energy-ecient method of power transmis-sion and transformation globally, and it is a pivotal technologythat China is actively developing. HVDC transmissionfacilitates long-distance power transmission with reduced linelosses, eectively harnesses abundant resources ingeographically disadvantaged regions, propels the energyrevolution, fosters a green economic growth, and enhancesenergy utilization eciency while eectively protecting theenvironment. Liquid cooling technology is not only superior totraditional cooling methods in terms of energy consumption,water consumption, and environmental adaptability but alsohas advantages in equipment reliability, stability, and solvinghigh heat ux density heat transfer, making it the foundationfor the stable operation of HVDC transmission.
To better facilitate the development of green energy transmis-sion solutions, the Company has pioneered the independentinnovation and industrial-scale deployment of closed-loopwater cooling technology, bridging a domestic technologygap and addressing the challenge of reliable heat dissipationfor conveer valves under conditions of high voltage, strongelectric elds, severe inteerence, and high heat ux density.Simultaneously, the Company has developed expeise in theR&D and in-house production of core components, includingcontrol systems, pumps, and radiators, with numeroustechnologies reaching international advanced and leadinglevels. This breakthrough eliminates dependence on impoedproducts for core components of thermal managementequipment, realizing the localization of cooling equipment forpower electronic devices.
In 2024, the Company was invited to paicipate in several international exhibitions,including the Data Centre World Asia. At these events, the Company showcased itsliquid cooling products and shared application experiences of large-scale liquidcooling systems.As an expe at industrial thermal management in the eld of data centers, theCompany will continue to collaborate with indust expes to discuss experi-ence-based solutions and share scientic research achievements, striving tirelesslyto promote the innovative development of liquid cooling solutions. The Companyremains committed to the philosophy of "Green & Low-Carbon Development withInnovation-Driven Growth", and will persistently explore cutting-edge technolo-gies to help the indust's low-carbon transformation and draw a bright future ofintelligent cooling.
The Company has established various laboratories, including waterquality analysis labs, high and low-temperature test labs, salt spraytesting labs, vibration testing labs, environmental simulation labs, windtunnel labs, thermal load testing labs, control and protection technologylabs, and materials characterization labs. These facilities are used tosimulate and study the technical requirements of thermal managementequipment under dierent operating conditions, and help determinedesign standards and provide technical suppo for thermal managementequipment in dierent environments, even under extreme conditions.
The Company has been involved in numerous domestic and international HVDC transmission projects, with itsproducts being utilized in power construction projects in China, including Changji, Rudong, the Central China PowerCorridor and Baihetan, as well as pivotal HVDC conveer station projects in Brazil, Pakistan, India, Thailand, SouthKorea, among others. The Company contributes to the development of the power indust and promotes low-carbonemissions reduction through product and technological innovation.
Create Green Products
National Enterprise
Technology Center
National Specialized, Rened
Unique and Innovative"Little Giant" EnterpriseNational "SingleChampion Demonstration
Enterprise"
National IntellectualPropey Demonstration
Enterprise National Green Facto National CNAS LaboratoGuangdong ProvinceAcademician Workstation
the First Unit (Set)of Major Technical
Invention Patents
Utility Model Patents
Design Patents
National Standards
Indust Standards
Group Standards
InternationallyLeading Levels
InternationallyAdvanced Levels
DomesticallyLeading Level
Appraisal of technological achievements
Paicipating in drafting and revision of standards
High-Power Power Electronics Thermal Management Equipment
Indust-Leading Experimental Platforms
High-Quality Technological Achievements
364 authorized patents and 145 software copyrights
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
High-power density thermal management equipment includes liquid cooling products for data centers and liquid cooling productsfor energy storage. In the eld of data center liquid cooling, the Company oers a range of thermal management solutions based oncold plate and immersion cooling technologies, providing comprehensive one-stop seices that encompass cooling architecturedesign, equipment integration, system commissioning, and operation and maintenance. In the eld of energy storage liquid cooling,the Company has accumulated relevant technologies and solutions for products such as liquid cooling systems for large-scale energystorage power stations.
Goaland is actively promoting the upgrade of data centers towardshigh density, high computing power, and high eciency to meet thecontinuously rising demand for intelligent computing. The propri-eta immersion liquid cooling technology has been recognized asreaching international advanced level, eectively addressing theprevalent issue of high energy consumption in domestic datacenters. Fuhermore, the Company's self-developed targetedimmersion liquid cooling system, pump-driven two-phase liquidcooling system, and industrial-grade thermal design simulationsoftware are all indust rsts. These advancements position theCompany as a global leader in thermal management, having lledmultiple critical technology gaps.
Through independent R&D of high-peormance, low-energy-consumption air cooler, close-type cooling tower, canned pump andother equipment, combined with reasonable software control, the Company achieves energy-saving goals. The products ofcompany provide ecient heat dissipation and maintain continuous cooling eects, ultimately achieving the goal of long-termstable operation of liquid cooling systems.Pump constitutes the most critical components in liquid cooling products, governing the water circulation throughout the entirewater distribution pipeline. The canned pump used in the Company's liquid cooling solutions feature low noise and long-termmaintenance-free operation, minimizing the impact on the environment during operation and maintenance. Fuhermore, theyfacilitate self-cooling through liquid circulation, thereby fuher reducing energy consumption during operation.
High-Power Density Thermal Management Equipment
Key Equipment
Immersion Liquid CoolingAll-in-One Machine
CDU
Supply Chain Management MeasuresComprehensive Full-Process Control"Selecting the Best from the Good" to Cul-tivate a Resee of High-Quality Suppliers
Strict Anti-Corruption Measures to Builda "Transparent" Supply ChainStrict Peormance Evaluation and Elimination System
"Sales-based Purchasing" to Reduce Invento Backlog
Supply Chain Security
Prima HeatExchange
Cooling TowerTANK (Seer Internal)CDU
Seconda Heat
Exchange
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
External cooling equipment mainly includes air cooler andclose-type cooling tower. Air cooler, for instance, utilizes tempera-ture dierence in the environment to achieve cooling, requiringminimal additional energy. Compared to open-type coolingtower, close-type cooling tower can signicantly reduce waterconsumption.
The Company is committed to building a sustainable supply chain system thatnot only ensures procurement needs are met and contractual obligations arefullled on time but also promotes suppliers' peormance in sustainabledevelopment. The Company implements a full-chain, full-lifecycle manage-ment strategy across multiple aspects, including supplier screening, procure-ment processes, peormance evaluation, and capability enhancement.Moreover, the Company sets strict and comprehensive qualication thresholdsand management standards for suppliers across multiple dimensions, includ-ing environmental protection, product quality, and business ethics.
In order to build a sustainable supply chain, the Company has establishedthe "Supplier Development and Management Standards" to regulate thedevelopment, introduction, evaluation, peormance assessment andquality management of new suppliers, to ensure optimal supplier selectionthrough competitive dynamics, improve supplier peormance, meet theCompany's demand for supplier quality, delive, cost and customersatisfaction, and constantly promote suppliers to improve product qualityand strengthen cooperation.The Company has established a comprehensive procurement process,which is mainly divided into four stages: procurement demand, procure-ment execution, procurement acceptance, and procurement evaluation.This ensures that the Company procures high-quality raw materials basedon actual needs.
The Quality and Safety Center of the Company is responsible for coordinat-ing the peormance evaluation of suppliers, implementing monthly/annualassessment of suppliers, and proposing a suspension of supply of supplierswith unqualied assessment results for three consecutive months, and thesuppliers could only resume supply after rectication to satisfaction.The Company has established a supplier elimination system, whereby thecooperative relationship between the two paies may be terminatedthrough compliant measures if the supplier fails to be a continuouslyqualied supplier based on the results of the annual comprehensiveevaluation of supplier peormance, major quality problems and abnormalcooperation between the two paies.
The Company generally adopts the procurement mode of "Sales-based Purchasing". The operation center and the production planning depa-ment submit material requisitions according to the sales orders and forecast conditions. In addition, the Company also maintains a ceain invento- of general standard materials according to the market demand.
The Company's procurement depament follows the principle of"Selecting the Best from the Good", maintains qualied supplierarchives, and conducts evaluation of the supplier based onproduct quality and historical credit peormance. According tothe characteristics of the product, the procurement methods ofthe Company include batch procurement, quantitative procure-ment, tempora procurement and bidding procurement.So far, the Company has a relatively stable supply channel, andhas established good and long-term cooperative relationshipswith major suppliers.
The Company has established stringent anti-corruptionpolicies for procurement processes. All supply chain centeremployees must sign a "Letter of Commitment" with theCompany, pledging not to abuse their authority or position forpersonal gain, not to accept improper benets under anycircumstances, and not to solicit advantages in the name of theCompany, depament, or themselves. In the event of any suchsituations, the Company will handle them seriously inaccordance with internal norms and relevant laws and regula-tions.
V-type Air Cooler
Supplier Intellectual Propey Protection
Strengthening Safety Assurance
Safety Production Management System
Establishment of a Sustainable Supply Chain
Occupational Health and Safety Production
Safety Trainings and Drills
Safety Production Management Regulations
Hidden Danger Investigation and Emergency Management
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company believes that supplier management extends beyond traditional elements such as quality, delive time, cost control, and seicelevel but also extensively involves social responsibility domains including ecient resource utilization, environmental protection, and improve-ment of working conditions.We have consistently been dedicated to establishing a sustainable supply chain, minimizing resource waste across the entire supply chainprocess, and enhancing resource eciency and reuse rates.
《EHS Management Organizational System》《EHS Objective Management System》《"Three Simultaneities" ManagementSystem for Construction Projects》《Occupational Health Management System》《EHS Training Management System》《Special Operations Personnel Management System》《Hazard Sources, Environmental Factor Identication and EvaluationManagement》《Safety Inspection and Hidden Danger Investigation and Treatment System》《LOTO (Lockout/Tagout)System》《Equipment Maintenance Operation Safety Management Regulations》《Contractor Management System》《Emergency Management System》《Occupational Health Management System》《High-altitude Operation SafetyManagement Regulations》《Excavation Operation Safety Management Regulations》《Environmental Information Disclo-sure System》《Energy Conseation Management System》《EHS Accountability System》《EHS Compliance DocumentIdentication and Review Management System》《EHS Cost Extraction and Use Management System》《Fire Safety Manage-ment System》《Special Equipment Safety Management System》《Job Safety Analysis (JSA) System》《Risk ClassicationControl and Change Management System》《Major Hazard Management System》《Equipment and Facility Safety Manage-ment System》《Outsourced Operation Management System》《EHS Accident Management System》《Chemical SafetyManagement System》《Conned Space Operation Safety Management Regulations》《Lifting Operation Safety Manage-ment Regulations》《EHS Safety Hazard Warning and Notication System》《Waste Management System》《PersonalProtective Equipment Management System》By establishing the "EHS Objective Management System" and the "EHS Accountability System", the Company ensures full employeeaccountability for safety production, claries safety responsibilities and peormance evaluation standards at all levels of the Company,and links safety production peormance to the safety work of personnel at all levels, thereby ensuring the achievement of safety manage-ment objectives. The Company has established a ve-tier EHS Accountability System, ranging from legal representative to front-lineemployees (legal representative, general manager, directors, managers/supeisors, employees), achieving the implementation of EHSmanagement responsibilities. In 2024, company employees signed 315 EHS responsibility agreements, achieving full coverage across alllevels and depaments. Establishing the EHS Accountability System is a crucial measure to implement full employee safety productionresponsibility.
The Company conscientiously fullls its prima responsibility for safety production, actively carries out the investigation and rectication ofmajor accident hazards, conducts comprehensive investigations of key areas, key links, and key pas, and simultaneously innovates riskprevention mechanisms, strengthens the comprehensive management ability to respond to emergencies, ensures that the Company's risk andhidden danger investigations are thorough, risk control is in place, and emergency response capabilities are improved, thereby preventing andcurbing the occurrence of various production safety accidents. In 2024, the compilation and ling of 4 safety production-related emergencyplans, including those for the group company and its subsidiaries, were completed.
The Company has established an EHS management system basedon standards such as ISO and safety standardization to guide dailysafety management work. The Company adheres to the principles oflaw-abiding operation, energy conseation and environmentalprotection, inju prevention and safety and health for EHS manage-ment. The Company complies with environmental/occupationalhealth and safety related laws, regulations and standards,implements various waste management measures, achievesstandard discharge, and prevents major environmental pollutionaccidents; and implements various hazard source control measuresto control minor inju accidents and prevent major inju accidentsand occupational diseases.Under the leadership of the Company's management, the ceica-tion process for safety production standardization has been initiated.Self-assessments are conducted around the standards. Simultane-ously, applications for review are submitted, and issues raised by thereview team are evaluated one by one. Corrective measures areformulated and completed on schedule, ultimately leading toceication.
The Company attaches great impoance to protecting suppliers' intellectual propey rights and strictly adheres to the intellectual propeyprotection laws of the count and the location where the project is implemented.As necessa, the Company signs detailed condentiality agreements with suppliers, clearly outlining the commercial and technical secrets thatboth paies must keep condential during cooperation. This includes, but is not limited to, drawings, prototypes, production processes, andformulas. The scope of intellectual propey use and authorization methods are clearly dened in the cooperation contracts to ensure that therights and interests of both paies are protected. The Company establishes a communication mechanism with suppliers to promptly addressintellectual propey issues and solutions, jointly promoting intellectual propey protection eos.
22583700Internal safetyinspections
Emergency
drills
PaicipantsGovernment
special inspections
Administrative
penalty
Safety accident
person/time
100%
100%
Prioritizing Occupational Health
Workplace Occupational Hazard MonitoringFrequency and Coverage Rate
Occupational HealthExamination Coverage Rate
Number of OccupationalDiseases Caused by Work
Senior management
Total number of employees of parent company
Total number of employees of subsidiariesTotal number of new employees in 2024
Total number of employees
Middle management
Junior managementJunior sta
Aged 30 and belowAged 31-40
Aged 41-50Aged 51 and above
Production staTechnical sta
Functional staSales sta
5.84%
Master's degree or aboveBachelor's degree
Junior college degreeBelow junior college degree
Employee Rights Protection
Working Together in Unity forSharing Development Achievements
Employee Oveiew
84.91%
7.06%
4.50%
3.53%
33.45%
40.75%
19.95%
33.70%
42.70%
6.69%
16.91%
39.03%
32.84%
30.47%
7.59%
3.85
79%
Workforce genderdistribution (Propoion)
Workforce gender
distribution (Propoion)
Average age
Average tenure
21%
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Adhering to the basic principles of "Safety First, People-oriented,Legal Compliance and Continuous Improvement," the Companystrictly complies with the relevant provisions of the OccupationalDisease Prevention and Control Law of the People's Republic ofChina and the ISO 45001 Occupational Health and Safety Manage-ment System issued by the International Organization for Standard-ization, constantly improves the occupational health and safetymanagement system, and is committed to providing employees withhealthy and safe working conditions.In the process of business operation, the Company pays attention tothe peormance of occupational health and safety management,striving to create a healthy and safe working environment, whilereducing the occurrence of work-related accidents and varioustypes of occupational hazard incidents.The Company attaches great impoance to occupational safetytraining and arranges for safety management and ESG specialists toregularly provide safety training to all employees.
The Company continuously enhances prevention and control measures against occupational hazards in the workplace, regularlyassesses the current status of such hazards, and annually invites third-pay testing agencies to conduct inspections on occupationalhazard factors in the workplace. At the same time, the Company has established a dedicated Occupational Health Information BulletinBoard, which is regularly updated to disclose occupational health management information to all employees, ensuring full protectionof their right to know.Fuhermore, the Company continuously improves the occupational health supeision system and enhances the "OccupationalHealth Sueillance Records" of employees. For employees in specic positions, the Company strictly follows laws, regulations, andrelevant indust standards to arrange occupational hazard examinations before employment, during employment, and beforeleaving the Company. At the same time, professional personal protective equipment is provided to employees in specic positions,and through patient guidance and strict requirements, employees are ensured to wear protective equipment correctly, prioritizingsafety. For all employees, the Company regularly organizes occupational health examinations to comprehensively protect the physicalhealth of employees.The Company and multiple subsidiaries have passed the ISO 45001 Occupational Health and Safety Manage-ment System ceication. During the repoing period, the relevant data on occupational hazards are as follows:
Male
Female
Distributionof employeesby ranks
Age
distribution
Professionalpositiondistribution
Educationlevel
The Company adheres to national laws and regulations to ensure a legal and compliant hiring process, and refrains fromemploying child labor or engaging in any illegal employment practices. The Company places great emphasis onsafeguarding employee rights and has established a comprehensive employee rights protection mechanism, includinglabor contract signing, social insurance and housing fund contributions, commercial insurance purchases, annual physicalexaminations, paid annual leave, and parental leave.
The Company is committed to building a comprehensive remuneration and benets system for employees, which includesa xed and market-competitive basic sala, combined with diversied peormance bonus mechanisms based on corpo-rate strategic goals and employee peormance, such as year-end bonuses, monthly peormance bonuses, projectbonuses, and sales commissions, ensuring stable income for employees while incentivizing their individual peormance.Meanwhile, the Company provides various allowances, such as on-site seice allowances, travel accommodations andmeal subsidies, and high-temperature subsidies, to enhance the quality of life for employees. Fuhermore, the Company'scomprehensive social insurance and housing fund system provides all-round protection for employees.The Company is committed to building a comprehensive remuneration and benets system for employees, which includesa xed and market-competitive basic sala, combined with diversied peormance bonus mechanisms based on corpo-rate strategic goals and employee peormance, such as year-end bonuses, monthly peormance bonuses, projectbonuses, and sales commissions, ensuring stable income for employees while incentivizing their individual peormance.Meanwhile, the Company provides various allowances, such as on-site seice allowances, travel accommodations andmeal subsidies, and high-temperature subsidies, to enhance the quality of life for employees. Fuhermore, the Company'scomprehensive social insurance and housing fund system provides all-round protection for employees.
The Company upholds the employment principles of "Voluntari-ness, Legality and Fairness", providing equal employment oppor-tunities without discriminating against employees based ongender, age, race, religious belief, or other factors. The Companyhas established a comprehensive anti-discrimination and diversi-ty management system.In 2024, Goaland (Group) onboarded a total of 260 employees,comprising 207 males (79.62%) and 53 females (20.38%). Ethnicdistribution of new hires: Han: 253, ethnic minorities: 7 (Dong: 1,Kazakh: 1, Mongolian: 1, Tujia: 1, Yao: 2 and Zhuang: 1).The Company rmly opposes child labor and forced labor, andhas implemented a management system to combat thesepractices, striving to foster an equal work environment for allemployees.
The Company has established a comprehensive peormance managementsystem aimed at evaluating and providing feedback on employee peormancethrough scientic and objective methods, to promote employee growth andthe achievement of corporate goals. This system encompasses clear peor-mance evaluation criteria, which assess not only the quality and quantity ofwork outcomes but also factors such as work attitude, skill enhancement, andteamwork.
In order to cope with the changes in the market environment, promote the progress of the Company's technology, and enhance the corecompetitiveness, the Company has vigorously planned a technical talent training strategy, established a complete, good, ecient and standard-ized technical team, and created favorable conditions for the Company's technological transformation and upgrading, maintaining technologicalleadership and sustainable development.
The Company provides on-boarding training for new employees, and conducts ad hoc training sessions based on hiring needs, tohelp new employees in thrive work and live, so that they can quickly t in the Company. The Company provides special training forthe fresh graduates, and implements the tutor teaching model for a one-year training. This allows new employees and interns toquickly t in the Company and grow into an excellent employee.
To enhance employee motivation and optimize human resource allocation, theCompany has meticulously designed and implemented a range of diversiedincentive mechanisms. Firstly, bonus plans are implemented to recognizeoutstanding peormance and contributions. Secondly, a promotion mecha-nism is established to provide employees with a clear career developmentpath, stimulating their career potential and ambition. Thirdly, an honor systemis established to recognize employees' contributions spiritually by awardingvarious honora titles and accolades, thereby fostering a sense of belongingand pride among them. These incentive mechanisms complement each other,forming a comprehensive and eective incentive framework that stimulatesemployees' enthusiasm for work, promotes personal ability improvement,ensures the smooth achievement of corporate goals, and fuher drives thesustained and healthy development of the Company.
Employment Policies
Comprehensive Employment Security System
Peormance Management System
绩效管理体系
Employee Training
Incentive Mechanisms激励机制
Employee Peormance and Incentives
Equal Employment Environment
Comprehensive Remuneration and Benets System
Employee Career Development
Facilitating Rapid Integration: Orientation Training Programs
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company has formulated the "Training Implementation Management Measures" to standardize the enterprise training processand provide internal/external professional skills improvement training for in-seice employees. Through the accumulation, dissemi-nation, application and innovation of knowledge, experience and ability, the professional skills and professional quality of employeesare improved, ensuring alignment with the Company’s business growth needs. In addition, the Company has built a learning organi-zation through the combination of online and oine training and learning mode. In 2024, the Company organized 133 skill trainingsessions.
The Company has established a mentorship, matching experienced mentors with young employees toprovide one-on-one guidance and suppo. Mentors share their experiences, oer advice, and assistemployees in navigating their career development challenges.
The Company has implemented a job rotation system that encourages employees to gain experience andenhance their abilities across dierent domains and depaments, thereby broadening their career paths.Outstanding employees may also be assigned to subsidiaries.
The Company suppos dual-channel (management and professional) development, and provides equalpromotion oppounities.
Through internal competitions, the Company oers a platform for employees to demonstrate their abilitiesand potential, stimulating enthusiasm and work passion, encouraging employees to continually learn andenhance themselves, thereby standing out in the competitions.
In addition to various internal training programs, employees are encouraged to actively paicipate inexternal training, such as seminars and academic conferences, to broaden their horizons.
The Company enhances employee satisfaction and loyalty through various means such as employ-ee training and incentives, bolstering the Company's competitiveness and innovation capability. Theaverage tenure of current employees is 3.85 years.
Diversied and frequent training programs ensure that employees acquire essential job-specic knowledge and skills, while simulta-neously fostering personal growth and team collaboration.The Company's training content and formats are diversied. Professional skills training targets 100% coverage of employees in keypositions. For special operation training, the Company strictly enforces standard procedures, emphasizes the impoance ofceication, and ensures that employees master the relevant skills. In 2024, the Company maintained a total of 157 ceiedemployees for special operations, including high-altitude work, electrical work, and welding.Overall, the training programs not only enhance employees' personal skills and knowledge but also lay a solid talent foundation forthe Company's long-term development.
Total Training PaicipantsCumulative TrainingSessions Conducted
Multiple Pathways to Suppo Career Development
Enhancing the Company's Attractiveness to Employees
Enhancing Professional Competence: Employee Training Programs
Improving Enterprise Management Level: Management Training Programs
GeneralCompetency Training
paicipants6,263sessions
Monthly Average
sessions
average tenure ofcurrent employeesyears
3.85
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
General competencytraining is designed tocultivate employees'comprehensive qualities
and enhance their
comprehensivecompetencies.
Job Skills
Training
Job skills training is
designed to trainemployees on theoreticalknowledge and practical
ability.
SpecialJob Training
The Company strictlyensures that special workoperators paicipate intraining and obtain related
qualications.
SafetyTraining
Safety training is designed toenhance the safety quality ofsafety supeision personnel,employees of production and
business units and relevantpersonnel engaged in safety
production work.
the Company conducted 108 training sessions specically for
middle-level and senior managers
provided 119 training sessions for employees，coveringspecial job skills and job-specic competencies.
The Company attaches great impoance to employee health and safety, providing new employees with three levels of safety education and training(including company-level, depament-level and team-level) to ensure they possess the necessa EHS (Environment, Health and Safety) knowledge,and conducts regular re-education to enhance employees' safety awareness and self-protection capabilities.The Company formulates and promotes safety management requirements for personnel entering the workshop, and provides labor protectionclothing, shoes, and other labor protection equipment. Free pre-employment, in-seice, and pre-depaure occupational health examinations arearranged for personnel in positions with occupational hazards to monitor employee health indicators. Regular inspection and updates are alsoconducted for re safety facilities and re safety drills are organized annually. Additionally, safety ales are issued prior to severe weather and holidays.There have been no work-related fatal accidents in the Company over the past three years.
In order to deepen the democratic management system with the basic form of workers' congress, organize employees to paicipatein democratic management, and safeguard the legitimate rights and interests of employees, the Company has established a soundlabor union system. Through the leading role of the labor union, the communication channels between employees and the Companyhave been strengthened, fuher promoting each employee to be integrated into the governance system of the Company.In addition, the labor union actively promotes the establishment of stable and harmonious enterprise labor relations, safeguards thelegitimate rights and interests of both paies to labor relations, regulates the behavior of both paies, and enhances cooperationbetween the both paies. The employees' right to know, right to paicipate, right to supeise and right to consult with the Companyhas been earnestly implemented.The Company's labor union also concentrated on helping the impoverished employees, and passed the power of love of the Compa-ny and all employees to each of those from nancially dicult families through the form of employee mutual aid.
The Company consistently adheres to a people-oriented management philosophy, placing great emphasis on eective communica-tion between employees and superior leaders, which is regarded as a core element for promoting team collaboration and enhancingorganizational eciency. Each superior leader within the Company is required to ensure at least one in-depth conversation withemployees weekly. This initiative aims to comprehensively care for employees' work progress and well-being, deepening the human-istic care atmosphere within the enterprise.Under this framework, superior leaders are expected to not only closely monitor employees' task completion and peormance butalso to delve into their job satisfaction, career development plans, and personal life status. Through active listening and meticulouscare, they must precisely identify and respond to employees' actual needs and challenges. Such communication not only providesnecessa suppo and guidance to employees but also signicantly enhances their sense of belonging, eectively stimulating theirwork motivation and innovative potential.Moreover, this mechanism establishes an open and transparent communication platform, signicantly fostering mutual understand-ing and trust between superiors and subordinates, thereby laying a solid foundation for building harmonious internal relationships.
The Company deeply cares about the physical and mental well-being as well as the quality of life of its employees, and has meticulously crafted awelfare and care system imbued with warmth. By oering comprehensive welfare benets, sincere condolences and care, as well as diversied culturaland recreational activities, the Company fully demonstrates its profound care for employees, fuher strengthening the close bond with them.
Insurance benets: Social insurance and housing fund.Commercial insurance：Employer liability insurance, commercial insurance corresponding to special operations personnel.Leave benets：Including statuto holidays, annual leave, sick leave, marriage leave, bereavement leave, maternity leave, paternity
leave, nursing leave, miscarriage leave and family care leave.The Company provides employees with a comprehensive physical examination once a year，to safeguard their health.Holiday benets：⑤ Distribute holiday gifts or organize activities for employees during holidays. Benets for bihdays, marriages,
childbihs, sick leave condolences, children's education, and retirement. Meanwhile, to create a joyful and harmonious atmosphere andreect humanistic care, the Company organized 10 employee collective activities in 2024 (including spring fun activities, spring teapaies, Hanfu experience activities, children's day special lectures, Dragon Boat Festival garden paies, Father's Day health lectures,traditional Chinese medicine clinics, summer fun spos meetings, Mid-Autumn Festival garden paies, and employee welfare activities).Welfare benets：The Company provides employees with breakfast and lunch, shuttle bus seices, dormitories, and other benets. Inthe meantime, in order to enrich the employees' spare time life, the Company has set up badminton association, basketball association,table tennis association, yoga association and sta activity room. Employees elect the leaders of these associations, and each associa-tion organizes weekly activity separately. In 2024, the Company organized a total of 112 spos activities.
Diverse and Unique Employee Benets
Employee Union
Employee Communication
Employee Health and Safety
Employee Care
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
PeriodicAnnouncements
AnnouncementDocuments
the Company has distributed a total cash dividend of RMB
Investor Rights Protection
Customer Rights ProtectionShareholder Returns
Information Disclosure
Protection of Small and Medium-sized Investors
92.2904
100%
million
Improvement of Customer SatisfactionDelive Management
Continual Optimization
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company strictly implements the prot distribution policy stipulated in the Aicles of Association. In addition, according to the Aicles ofAssociation and actual situation of the Company, the Board of Directors of the Company has formulated the Shareholder Dividend Return Planfor the Next Three Years (2022-2024), which takes into account the long-term interests and sustainable development of the Company,maintains its continuity and stability of the prot distribution policy, and fully considers the reasonable investment return of investors.Independent directors can seek the opinions from minority shareholders, actively communicate and exchange with shareholders, especiallyminority shareholders through various channels, fully listen to the opinions and demands of minority shareholders, and eectively protect thelegitimate rights and interests of minority shareholders. Since its listing, the Company has distributed a total cash dividend of RMB 92.2904million.
In strict accordance with the Securities Law of the People's Republic of China, Rules Governingthe Listing of Shares and other laws and regulations and regulato requirements, the Companytruly, accurately and completely peormed its information disclosure obligations, without falserecords, misleading statements and material omissions, and ensured that all investors have fairaccess to related information on the Company. In addition, the Company has formulated the"Information Disclosure Management Bylaws" and "System for Registration and Management ofInsiders Who Have Access to Insider Information" and other systems to regulate the Company'sinformation disclosure and the condentiality before information disclosure. In 2024, theCompany received a "B" rating for its information disclosure evaluation from the Shenzhen StockExchange.
The Quality and Safety Center of the Company implemented centralized group management over the quality depa-ments of all subsidiaries and branches, providing operational supeision and guidance to these units. For systemicproblems, the Quality and Safety Center led and promoted continuous improvement. The Quality and Safety Center wasresponsible for new supplier development and sample verication, leading supplier assessment, evaluation, reward andpunishment and overall quality improvement. According to the actual situation, the Quality and Safety Center paicipat-ed in the whole process of new product process and prototype research and development. The Quality and SafetyCenter analyzed, handled and prevented customer complaints after product acceptance and delive.The Company has formulated the "Quality and Safety Reward and Punishment Management System" to reward individu-al or group behaviors that improve the speed and quality of product delive, reduce operational risks, enhance theCompany's market competitiveness, and produce positive eects or inuences. The maximum reward could be morethan RMB 50,000 or include equity incentives. In addition, punishment could be imposed on individual or group whoseactions produce undesirable eects or inuences.The Company strictly implemented the shipment delive management, and strictly controlled the shipment deliveprocess through the formulation of norms, reducing the shipment delive risk and improving the delive quality.The Company has formulated the "Regulations on Handling Outbound Product Quality Feedback" to ensure the promptand eective handling of quality problem feedback. This framework guarantees both the timeliness and ecacy offeedback processing, reduces nancial losses, enhances seice quality, and improves customer satisfaction.
The Company consistently upholds quality monitoring and improvement. By overseeing procurement, production andfollow-up storage links, the Company implements rigorous quality checks across all stages and continually renes anydecient links.The Company has formulated the "Rules for the Evaluation of Rewards for Continuous Improvement". By rewardingteams and individuals with excellent peormance in continuous improvement, it aims to guide and encourage employ-ees to actively paicipate in improvement activities such as innovation proposals, improvement suggestions, and andinventive solutions to improve enterprise quality and management ability, so as to improve the Company's lean cultureand vitality, promote the Company's sustainable development and improve eciency.The Company regularly conducts management review, with the Quality & Safety Center and the Quality & Safety Depa-ments of its subsidiaries and branches responsible for organizing and planning the corporate-level management reviewactivities. These activities ensured the suitability, adequacy and eectiveness of the Company's quality/environment/oc-cupational health and safety systems.
For the purpose of communication with investors, the Company has formulated and strictly followed the Investor Relations Management System,to maintain good communication with the investors through holding peormance presentations, receiving specic target research, conductingsite visits, answering investor hotlines, setting investor columns on the Company's ocial website, and the "Shenzhen Stock Exchange InteractiveEasy (irm.cninfo.com.cn)" platform, so as to enhance investors' understanding and recognition of the Company.In 2024, the Company's investor relations team promoted the image of the Company as an "industrial thermal management" expe in the capitalmarket, allowing the Company to enter the vision of major securities companies and funds as the indust leader, so that the capital market hada deeper and better impression of the Company.In order to communicate with small and medium-sized investors in a more transparent and sincere manner, the Company carried out investorrelations management activities through multiple channels, platforms and methods, and held four online peormance briengs, and replied to atotal of 45 questions; held one investor research group reception activity, receiving a total of 21 visitors from securities rms, funds, individualsand other types of investors, and was invited to paicipate in a number of securities institutions investment strategy repo sessions to haveextensive exchanges with institutional investors; responded to 91 questions from the investors on interactive platform, with a response rate of100%. The Company answered the investor hotline more than 331 times, and answered the investor's inquiries and questions on the Company'sdevelopment strategy, production and operation, development of new product and new technologies, nancial status and operating peor-mance, investment projects and many other aspects.Through serious, enthusiastic and responsible communications and exchanges with investors, it provided convenient conditions for investors topaicipate in the decision-making and management of the Company according to law, which constantly enhance investor condence in andengagement with the Company The Company's market value rose 40.59% during the year, much higher than the indust average.
copiescopies
PublishedDocumentsThe compliance rate forinformation disclosure reaches
SueyRecord Formscopiescopies
Customer Seice ManagementEstablishment of an Emergency Response Mechanism for Customer Seice
EmergencyManager of theEngineeringSeice Depament
EmergencyResponse Team
Review, summa and archiving of rectication work
Core concepts of the EngineeringDivision
In 2024
Brand
Brand
Vision
Vision
Trust
Trust
Win-win
Win-win
Structure of the Engineering Division
Seice
Seice
(Discussion,analysis, resolution)
Rectication
Personnel
Reviewsummaandarchiving ofrectication
work
(On-siteimplementation
feedback)Other Items(Full implementation
of corrective
measures)
GeneralManagerof the
Engineering
Division(Overall coordinatorfor recticationimplementation)(Notication)(Notication)
Customer Privacy Protection
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company has formulated the "Regulations on Customer Satisfaction Measurement and Monitoring Management" to regulate the planning,organization, implementation, review and tracking of customer satisfaction activities, so as to ensure continuous improvement and improvecustomer satisfaction.
As a listed company, the Company attaches great impoance to customer privacy anddata security, strictly complies with relevant national laws and regulations, and iscommitted to providing customers with the most secure seices. To this end, we haveestablished and continuously improved our privacy policies and data security manage-ment systems, adopting advanced encption technologies and security protectionmeasures to ensure the safety of customer information throughout its entire lifecycle—from collection and storage to processing and transmission. Additionally, we reinforceinformation security training to elevate organization-wide data protection awareness,ensuring that customer information is never leaked or misused. When collaborating withthird paies, we insist on signing condentiality agreements to safeguard the conden-tiality of customer information. Fuhermore, we conduct regular security audits andvulnerability scans to promptly detect and x potential security risks, ensuring customerprivacy and data security. We are well aware that customer privacy and data security arethe foundation of sustainable corporate development. Adhering to a customer-centricprinciple, we remain committed to optimizing and upgrading our data security protec-tion measures to provide customers with more secure and reliable seices.
In addition, in order to better see our customersand respond more eectively to their needs, weestablished the Engineering Division in 2017.
(1) When collecting customer information, the Company strictly
limits the scope of information collection and only collectsinformation relevant to its products and seices.
(2) The Company respects and protects customer privacy rights,
committing that customer information will not be utilized forillegal purposes or any other purposes not explicitly authorized bythe customer.
(3) The Company enters into condentiality agreements with
paners and third paies to prevent unauthorized disclosure ormisuse of customer data. A condentiality agreement is signedwhen executing strategic cooperation agreements with keyclients.
Data Security Protection
(1) The Company adopts advanced information security equipment
and technical measures, including rewalls, intrusion detectionsystems, and data encption technologies, to protect data security.
(2) The Company conducts regular system vulnerability scanning and
remediation to ensure security and stability of the system.
(3) The Company provides information security training to employees,
enhancing their awareness and prioritization of data security. Internaltraining and publicity enhanced employees' sense of responsibilityand mission regarding data security.
(4) The Company regularly conducts security audits and monitoring
to promptly detect and address potential data security risks.
Innovating solutions, uncompromising quality, operationaleciency, and reinvigorating the Goaland after-sales seicebrand.Thoughtfully planning for the future, seizing signicant trends, andaccumulating small gains to achieve grand accomplishments.We are not just after-sales solutions providers, but the mosttrusted paners for customers and their products.Seing Goaland, seing customers, seing products, and whole-heaedly dedicating ourselves to customer seice.Mutual benets, shared interests, and mutual development for theCompany, customers and employees.
Regularly send question-naires to customers so as toassess their latest evaluationof the Company's seices,and form analysis repos.
Organize the customersatisfaction improvementmeeting, and form the meeting
resolution repo to formalize
corrective action plans.
Implement improvement
measures and compilesumma repos, and feedback improvement results to
customers.
instances of delayed on-siteissue resolution was recorded
customer complaintwas received
Engineering Seice Center
Central Region
EngineeringSeice CenterNohernEngineeringSeice CenterSouthernEngineeringSeice CenterWesternEngineeringSeice CenterEasternEngineeringSeice Center
InternationalEngineeringSeice Center
In procurement contracts, clearly dene the ownership of intellectual propey,usage rights, and protection responsibilities. Ensure that suppliers possesscomplete and legal intellectual propey for the products or seices theyprovide and have the authority to grant their use to the purchasing pay.Through contractual terms, the purchasing pay shall ensure that its use of thesupplier's products or seices does not infringe upon any third-pay intellec-tual propey rights.
The Company incorporates condentiality clausesinto contracts, specifying mutual obligations tosafeguard technical and proprieta information.This ensures that the purchasing pay will notdisclose the supplier's intellectual propeyinformation, including technical materials, tradesecrets, etc.
During the supplier selection process, the Company will conductintellectual propey due diligence to verify whether the suppli-ers possess intellectual propey such as patents, trademarks,and copyrights related to relevant technologies, and to conrmthe validity and legitimacy of such intellectual propey.
The Company will evaluate the supplier's intellectual propeyprotection system to ensure that they have a compliant intellec-tual propey management system, which can eectively protecttheir own intellectual propey and avoid infringing on theintellectual propey of others.
Supplier Rights Protection
Intellectual Propey Due Diligence
Assessment of Intellectual PropeyProtection System
The purchasing pay shall establish an intellectual propeyprotection system to monitor and manage intellectual propeyissues throughout the procurement process. Leverage advanceddigital technologies to achieve full-process monitoring andprotection of intellectual propey.
Establish an Intellectual PropeyProtection System
The Company continuously strengthens employees' awareness ofintellectual propey protection and their knowledge of relevantlaws and regulations. Through internal training, employees haveenhanced their awareness of the impoance of intellectual proper-ty and become procient in relevant laws, regulations, and opera-tional procedures.
Employee Training
Intellectual Propey Protection
Supplier Evaluation and Selection
Establish a routine communication mechanism with suppliers tojointly address issues and challenges related to intellectualpropey protection. Through communication, stay updated onthe intellectual propey status of suppliers, and jointly formulateresponse strategies.When intellectual propey infringement risks are detected, thepurchasing pay shall actively collaborate with the suppliers tojointly analyze the risk situation, explore legal and feasibleavoidance solutions, and take corresponding risk controlmeasures.
Regular Communication
Joint Risk Management
Enhancing Communication and Collaboration
Internal Management and Training
During the procurement process, the purchasingpay may seek suppo from professional legalinstitutions to ensure the legality and validity ofprocurement contracts, and mitigate intellectualpropey infringement risks.
Legal Consultation
Conduct regular compliance reviews of procurement contracts and the intellec-tual propey status of suppliers to ensure that the cooperation between bothpaies complies with the requirements of relevant laws and regulations.The Company attaches great impoance to the protection of suppliers' intellec-tual propey rights and strictly abides by the laws of the suppliers' jurisdictions.
Specic Agreement: Clearly stipulate the rights, obligations, pricing, delive time, quality standards, and othercritical elements in the contract to avoid ambiguous expressions and reduce the occurrence of disputes.
Dispute Resolution Mechanism: For clauses that may give rise to disputes, solutions should be agreed upon inadvance in the contract, including methods such as mediation, arbitration, or litigation, so that disputes can beresolved promptly and eectively when they occur.
Compliance ReviewLegal Suppo and Compliance
Sound Supplier Management System
Clarication ofContract Clauses
Establish a Communication Mechanism: Establish a sound communication mechanism, including regularmeetings, emails, phone calls, etc., to ensure timely and accurate information exchange and avoid misunder-standings and conicts.Accept Supeision: Listen to suppliers' opinions on the products or seices provided and accept their supei-sion, which helps to identify and solve problems in a timely manner and protect the rights and interests of suppli-ers.Enhancement ofCommunicationand Supeision
Compliance with Laws and Regulations: Educate employees to follow company policies, understand andrespect local laws and regulations, ensuring that trading activities are legal and compliant, thus avoiding disputesarising from non-compliance.
Renement ofLegal Regulations
and Systems
Inqui and Response: If a supplier identies potential infringement of its rights, it can raise inquiries to theCompany or the purchasing agency, and the Company shall respond within a specied timeframe. Upon receiv-ing complaints from suppliers, the Company will conduct self-inspection on the problems existing in the internalprocesses and handle them in a timely manner.Establishment ofRights Protection
Channels and
Mechanisms
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Clarify Intellectual Propey-Related Contract Clauses
Condentiality Agreements
The Company clearly stipulates the legal liabilities andcompensation methods arising from the infringement ofothers' intellectual propey by the products. Both paiesshall collaborate to address intellectual propey infringe-ment issues, including analyzing the infringementsituation, researching avoidance solutions, or engagingwith intellectual propey owners to negotiate licensingmatters.
Infringement Handling Mechanism
The Company attaches great impoance to the protection of the legitimate rights and interests of creditors. In the daily operations, the Companyfully respects the legitimate rights and interests of creditors, strictly complies with contractual obligations to creditors, and timely informscreditors of information related to their rights and interests. Through the protection of the rights and interests of creditors, the Company hasestablished a positive and good strategic panership with creditors.
Jointly Build the "Belt and Road", Promote Public Welfare Initiatives
Devote to Social Welfare and Facilitate"Rural Revitalization"
Creditor Rights Protection
Public Welfare Initiatives
Transparent Information
Disclosure System
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company ensures creditors arepromptly informed of their nancialhealth by disclosing periodic repos onnancial status, debt structure, and debtrepayment capacity.
Optimizing Debt RepaymentRisk Management MechanismThe Company conducts regular internalassessments of debt repayment risks,formulates and implements riskresponse strategies.
Strengthening LegalCompliance and RightsProtection MechanismsThe Company strictly complies withrelevant laws and regulations to ensurethat the legitimate rights and interests ofcreditors are not infringed.
The Company strictly adheres to the social values and ethical norms, considering community contribution as an integral pa of its corporatesocial responsibility. Through diligent operations, it drives the development of local economy and society, and makes great contributions to thestability and prosperity of society.
The Company actively responds to national initiatives and paicipates in the development and construction of countries along the "Belt andRoad". In recent years, as one of the rst companies to join the "Belt and Road" green supply chain cooperation platform, the Company hasdelivered more than 20 suppoing projects to more than 20 countries along the "Belt and Road", such as India's State Grid STATCOM projectwater cooling system, Thailand's PWP oshore wind farm water cooling system, conveer valve water cooling system for South Korea's JejuIsland ±80kV DC power transmission demonstration project, helping the development of the world's energy indust.
In March 2024, the Company successfully completed the rst major maintenance of the water coolingequipment for the conveer stations of the Matiari-Lahore HVDC power transmission project inPakistan, safeguarding the smooth operation of the HVDC transmission project of the "Belt and Road".The Matiari-Lahore HVDC project is a key infrastructure project within the framework of the China -Pakistan Economic Corridor. To ensure that the rst major maintenance was completed quickly andeciently, Goaland established a special maintenance working group. At the beginning of the Year ofthe Dragon, the working group rushed to the site in high spirits, providing robust suppo to safeguardpower supply for millions of households. In September 2024, the Company successfully completedthe annual maintenance of the UHVDC conveer cooling system for the Belo Monte project in Brazil.The successful completion of this annual maintenance work was highly praised by the client. The BeloMonte project in Brazil has not only deepened the friendship between the Chinese and Brazilianpeople but also set a new benchmark for in-depth cooperation between the two countries in theenergy eld.
Goaland also practices social public undeakings and actively creates value for the society through“Rural Education Program”, "Povey Alleviation", "Flood Relief" and other charity and social welfareactivities. At the same time, the Company has also actively responded to the call of "Rural Revitaliza-tion" and has been dedicated to helping improve the rural environment and education. In March 2024,the Company donated RMB 500,000 to Linxiang No.1 Middle School in Hunan Province to suppo theschool's teacher incentive program, aiming to fuher stimulate the enthusiasm and creativity of theteaching sta and contribute to the cultivation of more outstanding talents. In July 2024, YueyangGoaland, a wholly-owned subsidia of the Company, donated RMB 20,000 and materials woh RMB26,000 to Pingjiang County in Hunan Province to suppo ood relief and post-disaster reconstructionwork.
The Company has Goaland Energy Conseation Institute, a dedicated R&D centerfocusing on applied technologies, emerging technologies, seice technologies, andbasic theories. The Company has successively established panership with TsinghuaUniversity, Wuhan University, South China University of Technology, University ofBirmingham, Guangzhou Institute of Energy Conversion, Chinese Academy of Sciences,City University of Hong Kong, Institute of Intelligent Manufacturing, GDAS, GuangdongUniversity of Technology and other well-known universities at home and abroad forindust-university-research collaboration, linked by scientic and technologicalprojects, to jointly undeake the planned tasks of scientic and technological projects,and conduct the transformation and application of scientic research achievements aswell as experimental cooperation in such elds as power electronics, thermal energy andpower, uid, water quality analysis, and water treatment processes. In addition, it alsosees as an internship base to provide a platform for practice and application of frontiertechnologies for universities and research institutions to improve the quality and ecien-cy of talent training, to undeake the social responsibility of cultivating national reseetechnical personnel in suppo of energy conseation and emission reduction. In 2024,the Company jointly trained 10 master students with South China University of Technolo-gy. In addition, the Company also set up the "Goaland Scholarship" program in WuhanUniversity to encourage college students to study hard, pursue excellence, improve theirown competence and quality, promote the development of academic research, andbring more innovation and value to enterprises and the society.
Indust-University-ResearchCollaboration, Promote Talent Cultivation
Ceicate of Donation
Green Development for Buildinga Beautiful Environment
Improvement of Environmental Management
Environmental Management System
Energy Consumption and Management
During the repoing period
During the repoing period
During the repoing periodWater Resource Consumption and Management
Power Consumption (10,000 kWh)
399.1588
Power Saved (10,000 kWh)
44.3510
Coal Consumption Equivalent (tons)
1,237.39
CO? Emission equivalent (tons)3,043.99
Tap Water Consumption (tons)45,728
Water Saved (tons)5,080.89
Pollutant Emissions and Waste Management
Wastewater dischargecompliance rate
Solid waste disposalcompliance rate
Hazardous waste transferred byhazardous waste receiving facility
Hazardous wastedisposal rate
Treated wastewaterdischarged by thesewage plant
Total volume ofreclaimed water reuse
Total volume of waterdischarged after sewagetreatment
100%
100%6.3100%
4,5358,054
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
The Company has developed monitoring and usage plans to control at the source and reduce energy consumption. Temperature ranges are setfor air conditioning systems in summer and winter. Through regular organization and promotion, employees develop good habits, so that theinternal lighting systems are powered o after work. Water-saving technology is used in production workshops and R&D stages, and waterrecycling is achieved in some work sections Waste water, waste gas, noise and other factors harmful to the environment must meet thestandards before being discharged. General solid wastes and hazardous solid wastes are entrusted to qualied third paies to handle accordingto regulations to avoid damage to the environment.
In terms of water resource utilization, the Company strictly complies with the "WaterLaw of the People's Republic of China". It strengthens the management of the wateruse process, regularly conducts water conseation assessments for each of its subor-dinate reseoir areas, and applies advanced water-saving and sewage reusetechnologies to continuously reduce the consumption of fresh water.
In terms of wastewater discharge, the Company strictly complies with regulations such as the "Law of the People's Republic of China on thePrevention and Control of Water Pollution", the "Regulations on Urban Drainage and Sewage Treatment", and the "Integrated WastewaterDischarge Standard". During the Company's operation, especially in the production process, it takes measures to reduce the impact of sewagedischarge on the environment.
Ecological Protection and Land ManagementThe Company actively fullls its responsibility for ecological and environmental protection. By implementing diversied environmental protec-tion measures, it strives to mitigate the adverse eects of its business operations on the natural environment and biodiversity, aiming to achievea harmonious coexistence between corporate development and environmental conseation, and jointly create a beautiful environment wherehumans and nature coexist in harmony.The Company always abides by relevant laws and regulations such as the "Water Law of the People's Republic of China", the "Flood Control Lawof the People's Republic of China", and the "Yangtze River Protection Law of the People's Republic of China". Based on these, it proactively carriesout ecological restoration and protection work in the shoreline area, dedicating itself to maintaining the balance and health of the naturalecosystem.
The Company attaches great impoance to the prevention and control of solid waste pollution, especially hazardous waste pollution.It strictly complies with laws, regulations and relevant requirements such as the "Law of the People's Republic of China on the Preventionand Control of Environmental Pollution by Solid Waste", the "Standard for Pollution Control on the Non-Hazardous Industrial SolidWaste Storage and Landll", and the "Standard for Pollution Control on Hazardous Waste Storage".
In accordance with national laws, regulations and standards, and relying on the ISO system, the Company has improved its internal environmen-tal management system: issued and implemented 16 systems such as "Identication of Environmental Factors", "Three Simultaneities for NewProjects", "Management of Three Industrial Wastes" and "Management of Hazardous Wastes". The Company conducts annual revision, review,and release of these regulations, organizes employee training, and ensures implementation across all depaments and subsidiaries of theCompany. Environmental management runs through all business processes of the Company, so that all links have rules to follow and basis torely on.The Company and its subsidiaries do not belong to the key pollutant discharging units announced by the environmental protection authority,the Company's thermal management equipment has excellent heat dissipation peormance and high reliability, no pollution to the environment.The Company attaches great impoance to safety and environmental protection, and has passed the environmental management system,occupational health and safety management system and ceication of other qualications. The Company has passed ISO14001 environmentalmanagement system ceication, ISO50001 energy management system ceication. Relying on the ISO management system, the Companyhas constantly improved and enhanced the level of environmental management over the years. Meanwhile, through systematic management,the Company identies the key links of energy consumption, reduces waste, improves energy utilization eciency, and has establishedlong-term energy management goals. The Company attaches great impoance to environmental protection and safety work, and has realizedcontinuous compliance with the discharge standards for the "three wastes", with no environmental pollution accidents throughout the year. TheCompany has passed the audit of clean production enterprises and has been awarded the title of "Guangzhou Clean Production Enterprise".
(tons)
(tons)
(tons)
The Company attaches great impoance to the impacts of climate change, comprehensively assesses climate-relatedrisks and oppounities, and analyzes and evaluates the possible impacts of these factors on various aspects of theCompany's operations, investments, and development, which lay a foundation for the Company's low-carbon transfor-mation and sustainable development.
Management of Climate Change Risks and Oppounities
Risk Invento
Climate Change Response
Medium termand long term
Medium termand long term
Medium termand long term
Sho term
Sho term
Medium termand long termMedium termand long termMedium termand long termSho term
Sho term
Greenhouse Gas Emission Reduction Management
Oppounity Invento
Risk Type
Policy andlegal risks
PolicyoppounitiesTechnicaloppounities
MarketoppounitiesOtheroppounities
Actively utilizing
renewable energy
Technical
risksMarketrisks
Reputational
risks
Other
risks
Impact PeriodMitigation MeasuresRisk Description
Risk TypeImpact PeriodMitigation MeasuresRisk Description
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
National and local governmentshave successively introduced greenand low-carbon regulations toaddress climate change. While thesemeasures promote environmentalprotection, they may also increasethe compliance costs of enterprisesand bring risks of litigation or claims,requiring enterprises to strengthenenvironmental management andensure compliant operation.
As the requirements of the "CarbonPeaking and Carbon Neutrality"goals become increasingly clear, thepolicy pressure to reduce green-house gas emissions is growing.
Failure to identify and applyenergy-saving and environmentalfriendly technologies in a timelymanner has led to low-carbontransformation of seice levelslagging behind that of peers.
The Company will continue to vigorously engage inresearch and development, constantly striving formore environmentally friendly and higher-peor-mance products.
In the context of energy conseation,carbon reduction and green development,the Company's products can meet thedemand for energy eciency, low carbon,and environmental protection.
The Company will continuously engage inthe research, development, production andsales of energy-saving products, closelyfollowing the pace of policy development.Obtain high returns on the investment inthe research, development and transfor-mation of energy-saving and environmen-tal protection technologies.
The Company will continuously developenergy-saving and environmental protec-tion products to meet market demand.Products that adopt energy-saving andenvironmental protection technologies aremore popular in the market.Due to other sudden changes,the salesvolume of the company's products withenergy-saving and environmentally-friend-ly features has increased.
Yueyang Goaland, the Company's production base, is equipped with Hunan Province's rst MW-levelsma microgrid system. This system integrates solar photovoltaic power generation facilities, energystorage batteries, water-based energy storage devices, electric vehicle charging piles, an advancedmicrogrid control system, and a sma energy management platform.
Reducing waste inthe productionprocess throughlean manufacturing
The Company has adopted a lean manufacturing model to comprehensively optimize productionprocesses, signicantly reduce material waste and energy consumption, and enhance productioneciency and resource utilization. This strategy has not only improved the Company's economic benetsbut also indirectly reduced carbon emissions, demonstrating its sense of responsibility for environmentalprotection.
Planting a largenumber of trees toenhance carbonsequestrationcapacity
The Company has extensively planted a large number of trees within its facto premises and surround-ing areas, which has not only greatly beautied the working environment, oering employees and localresidents a refreshing and pleasant green space, but also signicantly boosted the region's carbonsequestration capacity. Through the photosynthesis of these trees, a substantial amount of carbondioxide is eectively absorbed and stored, thereby reducing greenhouse gas emissions and making apositive contribution to combating global climate change. This concept of integrating enterprisedevelopment with harmonious coexistence with nature is an impoant reection of Yueyang Goaland'scommitment to sustainable development.
Implementingenergy-savingmanagement within the Company
The Company has thoroughly implemented energy-saving management strategies, comprehensivelyreviewing and optimizing energy usage from production processes to daily oce operations. Byintroducing high-eciency energy-saving equipment, promoting paperless oce practices, andstrengthening energy monitoring, the Company has signicantly reduced electricity, water, and fuelconsumption. These series of measures have not only eectively lowered operational costs but alsoimperceptibly achieved carbon emission reductions, demonstrating the Company's rm commitmentand practical actions toward environmental protection as a practitioner of green development.
The Company will closely keep up withmarket trends and provide energy-savingproducts that meet market demands.The Company will closely keep up withmarket trends and seize market oppouni-ties.
The Company may lose customersor increase costs if it fails to prompt-ly assess changes in customerdemands and energy costs.
The Company will continue to keep a rm grasp onmarket trends, always understand customerdemands from their perspective, and continuouslyadjust its strategies. It will persist in updatingproducts to adapt to market changes.If the Company or its suppliersgenerate negative impacts on theclimate or environment duringproduction and operations, it maylead to damage to the Company'sreputation, thereby aecting itscorporate image and marketcompetitiveness.
The Company will consistently pay attention to thesocial reputation of its suppliers. When selectingsuppliers, the degree of environmental friendliness ofsuppliers during their production and operation willalso be taken into consideration.The adverse impacts of extremeweather and other objective factorson the Company's production andoperations.
The Company will continuously enhance itsemergency response capabilities and maintain aceain production adjustment capacity to ensure asmooth response to the impacts of such objectiverisks. Meanwhile, the Company will adhere to the"people-oriented" principle and always give toppriority to the personal safety of its employees.
The Company will continue to increase investment inand implementation of emission reductionmeasures, closely monitor the trends of the carbonmarket, and deepen cooperation with the govern-ment, indust associations, and research institutionsto jointly explore emission reduction pathways andtechnological innovations. Meanwhile, the Companywill strengthen the monitoring and assessment ofthe external environment, promptly optimizeemission reduction strategies, exibly respond topolicy changes, and ensure the achievement ofsustainable development goals.
The Company actively responds to the national"Carbon Peaking and Carbon Neutrality" policy,devoting itself to enhancing energy eciency andoptimizing the energy structure to drive a compre-hensive green transformation of the economy andsociety. In the face of increasingly stringent environ-mental regulations, the Company proactivelyupgrades technological equipment, deepens itsunderstanding of relevant regulations, andestablishes a sound compliance managementsystem to ensure that all operational activities strictlycomply with legal and regulato requirements.
Promote Green Oce Practices
Build a Green Facto
Establishing a Green Oce Policy
During the repoing period
PowerGeneration
1.47 million kWh
Standard Coal
Reduction
587 tons
CO? Emission
Reduction1,468 tons
Dust EmissionReduction399 tons
Green ElectricityTrading Volume
PowerGeneration
Standard Coal
Reduction
CO? EmissionReduction
Dust EmissionReduction
Green ElectricityTrading Volume
253,956 kWh
Since being connected to the grid in June 2017
11.43 million kWh4,571tons11,428 tons
3,108 tons4,832,190 kWh
Number of R&Dpersonnel
Percentage of R&Dpersonnel in total employees
Number of seniorengineers
Number ofPh.D. holders
Total numberof patents
Number ofinvention patents
Number of utilitymodel patents
Number ofdesign patents
Softwarecopyrights
Number of nationalstandards drafted or revised
Number of induststandards drafted or revised
Number of group standardsdrafted or revised
Internationally leadingtechnological achievements
National, provincial, andmunicipal scientic andtechnological awards
Internationally advanced technological achievements
Domestically leadingtechnological achievements
National, provincial, andmunicipal veical(and horizontal) scienticresearch projects
Internal safetyinspections
PaicipantsGovernment special
inspections
Administrativepenalty
Safety accident andeconomic loss
Workplace OccupationalHazard MonitoringFrequency and Coverage Rate
Occupational HealthExamination Coverage Rate
Sign a safety relatedresponsibility agreement
Work-related fatalities per100 million yuan revenue
Major and abovesafety accidents
21.53%92
7422367
9827
9121
Peormance IndicatorsTechnological Strength
Peormance IndicatorsSafety-related
225837
00100%0
3150%0100%
Environmental, Social and Governance Repo of 2024
| About Goaland | Sound Governance | Core Business |
Green Development
Guangzhou Goaland Energy Conseation Tech. Co., Ltd.Goaland not only implements the corporate green development concept in its products, but also acts as a paicipant and practitioner of the "Beltand Road" green supply chain. Among them, Yueyang Goaland, the global manufacturing and supply base of Goaland, is a bright "image card" ofGoaland in terms of energy conseation and environmental protection. Covering an area of 220-mu, Yueyang Goaland has a forest of greenplants, owers and fragrance. Yueyang Goaland has the rst MW-level sma microgrid in Hunan, integrating solar photovoltaic power genera-tion, batte, water-based energy storage, car charging piles, microgrid control system and sma energy management platform. The total invest-ment of the project is about RMB 20 million.
In 2024, the Company continued to encourage its employees toengage in green oce practices in daily operations. Through notices,announcements, and posted slogans, the employees were encour-aged to: print documents on both sides of the paper, deeply recyclepaper to reduce paper consumption; use discarded caons forexpress delive; set oce computers to power saving state, 5minutes screening o; close the doors/windows when turning on theair conditioners, and set the temperature to 26°C; avoid usingdisposable tableware, and dine in canteen to avoid waste, etc.Meanwhile, the Company has included violation clauses in theemployee handbook: the Administration Depament regularlyinspects improper behaviors such as damaging the environment,wasting resources, and failing to turn o lights, computers, and otherelectrical equipment after work.
Promoting Green Commuting
To encourage employees to opt for green commuting options, theCompany has established bicycle and electric vehicle parking areas,provided shower facilities, oered public transpoation subsidies,and run three shuttle buses to incentivize unied commuting,thereby reducing fossil fuel consumption. The Company has also setup new energy vehicle charging stations and electric bicyclecharging stations in the park, encouraging employees to purchasenew energy vehicles for their commutes. Eighty percent of employ-ees use new energy sources and public transpoation for theircommutes. For employees who need to travel frequently, theCompany encourages them to choose low-carbon transpoationoptions such as high-speed trains and bullet trains and arrangesitineraries reasonably to reduce unnecessa travel. These measureshelp reduce the use of private cars and lower carbon emissions.
Promoting Paperless Oce Practices
To reduce paper usage, the Company actively promotes paperlessoce practices. By leveraging digital tools such as the OA system,email, and electronic document management systems, the Companyhas enabled online ling, review, approval, and sharing ofdocuments, thereby minimizing the need for paper documenttransmission and approval procedures. Additionally, employees areencouraged to use electronic documents instead of paper ones,which not only reduces oce costs but also improves work eciency.
Strengthening EnvironmentalAwareness Education
In addition, the Administration Depament has set up garbagesoing delive buckets in workshops, oce areas and garbagerecycling areas, and regularly carried out garbage soing education,such as conducting online training on garbage soing knowledge,conducting publicity and education for its employees and cleaningpersonnel, and popularizing garbage soing knowledge. In theCompany's solid waste recycling center, the common industrial solidwastes are re-soed and soed, and metal products, paperproducts and plastic products are soed and recycled.
Number of OccupationalDiseases Caused by Work
Incidence rate ofoccupational diseases
Number ofwork-related fatalities
822320502260
21%46.59%30.47%35
3.850.85%1086,263
331197
656764
100%
10491
3,991,588kWh1,237.39tons3,043.99tons1.47millionkWh
1.79 tons
4.66 tons
455.70 tons253,956kWh
4,832,190 kWh
100%
443,510kWh45,728tons5,080.89tons
6tons
100%
546,00033.98million
Peormance IndicatorsEmployee-related
Peormance IndicatorsResource Conseation and Emission Reduction
Peormance IndicatorsHazardous Waste Management
Peormance IndicatorsOther
Peormance IndicatorsInformation Disclosure-related
Peormance IndicatorsCustomer-related
1126%
40.59%
121people/times331
1.47million kWh587tons1,468 tons
399tons11.43million kWh4,571tons11,428 tons
3,217tons
3,108tons
4,535tons8,054tons
Environmental, Social and Governance Repo of 2024About GoalandCore BusinessSound GovernanceGreen DevelopmentWorking TogetherGuangzhou Goaland Energy Conseation Tech. Co., Ltd.
Number of announcementdocuments
Number of documentspublished online
Suey record formsNumber of shareholders'
meetings heldNumber of boardmeetings held
Number of meetings heldby specialized boardcommittees
Online peormancebriengs
Responses to investor
questions on the
Interactive PlatformResponse rate on theInteractive Platform
Market value
growth rate
Collective investorreception activities
Customer complaintsreceived
Delays in on-siteproblem handling
Investor visits received Investor hotline calls
answered
Total number ofemployees
Total number of employeesof parent company
Total number of employeesof subsidiaries
Total number of new
employees in 2024
Power consumption Coal consumption
equivalent
CO? emissions equivalentUse of clean and
renewable energy
Total energy consumptionper million yuan revenue(tonnes of standard coal)
Solar energy consumption (tonnes of standard coal)
Green electricity tradedduring the repoing period
Green ElectricityTrading Volume
Power savedTap water consumptionWater saved
Wastewater dischargecompliance rate
The amount of greenelectricity during microgridrepoing period
Standard Coal Reductionby microgrid
CO? Emission Reductionby microgrid
Dust Emission Reductionby microgrid
Cumulative green electricitygeneration by the microgrid
Cumulative reduction instandard coal consumptionby microgrid
Cumulative CO? emissionsreduction by microgrid
Indirect greenhousegas emissions
Indirect greenhousegas emissions permillion yuan revenue
Cumulative reductionin soot/dust emissions
Hazardous wastetransferred by hazardouswaste receiving facility
Hazardous wastedisposal rate
Total taxes paid（RMB） Total social donations（RMB）
Total amount ofreclaimed water reused
Total amount of wastewaterdischarged after treatment
Propoion of femaleemployees
Propoion of employeeswith bachelor's degreesor above
Propoion of technicalpersonnel
Average age of
employees
Average tenure ofemployees
Propoion of ethnicminorities
Training for middle-leveland above managers
Total Training
PaicipantsCumulative TrainingSessions Conducted
Average monthly trainingsessions conducted
Special job training andjob skill trainingCollective activitiesorganized
Spos activitiesorganized
Average remunerationgrowth rate of employeesin 2024
External training paicipation
by directors, supeisors, and
senior management
广州高澜节能技术股份有限公司
《SELF-REGULATORY GUIDELINES NO. 17 FOR COMPANIES LISTED ON SHENZHEN STOCKEXCHANGE — SUSTAINABILITY REPORT (TRIAL)》
Index of Indicators
About this Repo
About Goaland
Section IGovernance forStrengtheningFoundation
Section IIFocusing onCore Businessfor BuildingIndustrialPioneer
Section IIIWorking Togetherin Unity for SharingDevelopmentAchievementsSection IVGreen Developmentfor Building aBeautifulEnvironment
CONTENTS
Disclosure Indicators(Based on Self-Regulato Guidelines)
Disclosure Indicators
(Based on Other Material Issues)
Page
Environmental, Social and Governance Repo of 2024Guangzhou Goaland Energy Conseation Tech. Co., Ltd.
Due Diligence, StakeholderCommunication, Employees
Governance
Practicing BusinessEthics
Company Prole
GovernanceESG Governance
Goaland 2024
Risk Control andComplianceManagementFocusing on ThermalManagement Productsand Seices
Innovation Driven DevelopmentTechnology Ethics, Safety and Qualityof Products and Seices
Customer Seice, Safety ProductionManagement, Sustainable Products,Collaborative Indust Advancement
Compliance and Risk ControlTax Management
Safety Production ManagementOccupational HealthEmployee Rights ProtectionOccupational HealthInvestor Relations ManagementCustomer Seice, IntellectualPropey ManagementIntellectual Propey Management
Philanthropy & Public WelfareSustainable Product
Supply Chain Security, Equal Treatmentof SMEsSupply Chain SecurityOccupational Healthand Safety Production
Safety and Quality of Employees,Products, and SeicesEmployee RightsProtection
EmployeesInvestor RightsProtection
Communication with StakeholdersCustomer RightsProtection
Safety and Quality of Products and
Seices Data Security and Customer
Privacy ProtectionSupplier RightsProtection
Supply Chain Security, Data Security and
Customer Privacy ProtectionCreditor RightsProtection
Communication with StakeholdersPublic WelfareInitiatives
Rural Revitalization, Social ContributionsImprovingEnvironmentalManagement
Pollutant Emissions, Waste Disposal
Ecosystem and Biodiversity Conseation,
Environmental Compliance Management,
Energy Utilization, Water Resource
Utilization, Circular Economy
Sustainable ProductClimate ChangeResponse
Climate Change AddressingPromoting GreenOce Practices
Energy Utilization
Water Resource Utilization
Anti-Bribe and
Anti-Corruption, Due Diligence
Communication with Stakeholders
Anti-Bribe and Anti-Corruption
Anti-Unfair Competition