Phone: +86 551-65837957Fax: +86 551-66858138
Scan here tolearn moreAddress: No. 8 Dalongshan Road, National High-Tech Industry Development Zone,Shushan District,Hefei City, Anhui Province, China
Make testing more precise and convenient
KEWELL TECHNOLOGY CO.,LTD.
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stock code: 688551
2024
Kewell Technology Co., Ltd.Environmental, Social and Governance
Reportwww.kewelltest.com
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CONTENTS
About is Repo 1Message from the Chairman 3About Us 5
Strengthening Governance Framework and SettingIndust Benchmarks
Commitment to Sustainable Development 13Strengthening Corporate governance 19Adhering to Business Ethics 25
Empowering Green Technology for aSustainable FutureResponse to Climate Change 29Advancing Green Operations 33Enhancing Resource Utilization 39
Leading in Testing Technology and DrivingEnergy Innovation
Innovation-Driven Development 45Focus on Both Quality and Service 57Responsible Supply Chain 63Strengthening Data Security Framework 67Valuing Employees and Building a Better WorkplaceTogether
Employees’ Rights Protection 71Employee Training and Development 77Safeguarding Health and Safety 82Commitment to Public Welfare 88
Appendix
Index of KPIs 89Feedback Form 91
About is Repo
KEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
is is the inaugural Environmental, Social and Governance (ESG) Repo published by Kewell Technology Co., Ltd. (“Kewell”, the “Company” or“we”). is repo intends to disclose the Company’s environmental, social and corporate governance practices and peormance for the 2024repoing year in an objective, normative, transparent and all-inclusive manner.
e electronic version of this repo is available on the Shanghai Stock Exchange website (www.sse.com.cn), along with additional information about the Company. is repo is prepared in bothChinese and English. In the event of any discrepancies or conicts between the two versions, theChinese version shall prevail.
Upon review and approval by the Company’s Board of Directors on April 25, 2025, this repo hasbeen published concurrently with the annual repo. e Board undeakes to supeise thepreparation of this repo, conrming that the contents of this repo are true, accurate andcomplete in all material aspects, free from misstatements or misleading information.
We welcome comments and suggestions that can help us improve our sustainability peormanceand future disclosures. Please feel free to reach out to us via the following channels:
Phone: +86 551-65837957Fax: +86 551-66858138Website: www.kewelltest.comEmail: ir@kewell.com.cnAddress: No. 8 Dalongshan Road, National High-Tech Indust Development Zone, ShushanDistrict, Hefei City, Anhui Province, China
TermKewell, the Company, weHanxian Intelligence,Hanxian Technology
DenitionKewell Technology Co., Ltd.Anhui Hanxian IntelligentTechnology Co., Ltd.Unless otherwise specied, this repo is specic to Kewell Technology Co., Ltd. along with itsbranches and subsidiaries. e scope of this repo is consistent with that of the Company’s annualrepos.
e data disclosed in this repo is derived from a range of sources, including internal operationalrecords, publicly available data from government agencies, annual nancial statements, internalstatistics, third-pay sueys, and external evaluation inteiews. All nancial gures are presentedin Renminbi (RMB). In cases of discrepancies between this repo and the nancial statements, thelatter shall prevail.
is repo covers the period from Janua 1 to December 31, 2024 (the “repoing period”). Inorder to present more comparative and forward-looking repoing data, ceain sections mayinclude retrospective data or forward-looking statements. is repo is published on an annualbasis, which is consistent with the Company’s nancial repoing cycle.
Guidelines No. 1 of Shanghai Stock Exchange for Self-Regulation of STAR Market ListedCompanies – Standardized OperationsGuidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies –Sustainability Repo (Trial)Guidelines of China Enterprise Reform and Development Society on Sustainability Repoingfor Chinese Enterprises (CASS-ESG 6.0)Global Repoing Initiative (GRI)Sustainability Repoing Standards (“GRI Standards”)United Nations Sustainable Development Goals (SDGs)
About is Repo
Repoing Period
Repoing Guidelines
Data Sources
Terminology
Access To is Repo
Conrmation and Approval
Feedback
Repoing Scope and Bounda
Message from the Chairman
Dear shareholders, paners and friends,On behalf of all employees at Kewell, I would like to express my sincere appreciation for your continued trust and suppo.e year 2024 marked a critical stage in our journey toward fullling our mission to “make testing more precise and convenient”. Whilewe continued to advance our capabilities in testing systems and intelligent manufacturing equipment, we also took decisive steps instrengthening our peormance across the environmental, social and governance (ESG) dimensions. is year, we are proud topresent our inaugural ESG repo, a milestone that reects our commitment to embedding sustainable development into the core ofour day-to-day operations.
Guided by our integrated “expandinghorizontallyprod-uctlinesanddevelopingveically industsolutions”stra-tegic framework, we have built a well-structured, ecientgovernance structure and rened our decision-makingprocesses, enabling us to align our business strategieswith evolving market landscape and broader societal ex-pectations. We continue to strengthen our compliancemanagement systems, enhance risk management prac-tices and uphold transparency through timely and accu-rate information disclosure—safeguarding the legitimaterights and interests of our shareholders and stakeholders.ese measures have suppoed the eective implemen-tation of key business decisions and driven stable opera-tional growth, while earning recognition from the marketand society at large. ey also lay a strong foundation forour sustainable growth.
In response to the growing urgency of global climatechange, we actively suppo China’s carbon peak and car-bon neutrality goals and have made environmental protec-tion a pillar of our corporate strategy. We are exploring in-novative decarb-onization pathways and have implementeda wide range of green practices across our operations—in-cluding the deployment of distributed photovoltaic systemsat our facilities, the installation of EV charging infrastructureand initiatives to encourage the use of new energy vehicles,all aimed at maximizing the use of renewable energy. Wealso continue to improve energy eciency across the full li-fecycle of our products to minimize environmental impacts.Within our production operations, we have rolled out robustemissions reduction measures and enforced stringent con-trols on air emissions, wastewater discharge, waste andnoise pollution—signicantly lowering our environmentalfootprint and demonstrating our deep commitment to andtangible results in environmental protection.
We place people at the center of evething we do. Bycreating a safe and healthy working environment, weempower our employees to thrive and grow. roughcomprehensive training programs, clear career pathways andcompetitive compensation and benets, we unlock the fullpotential of our workforce and help each individual realizetheir personal and professional aspirations. As a responsiblecorporate citizen, we integrate social responsibility into ourbusiness practices. We take meaningful action to suppo thewell-being of the communities in which we operate,reinforcing our pledge to contribute to a more harmonioussociety.Looking ahead, with a clear vision of becoming a worldleading brand for programmable power supplies & systems,we will continue to pursue high-quality, sustainable growthwith determination and integrity. We look forward to joininghands with all our stakeholders to navigate challenges andseize oppounities—working together toward a brighterfuture.
Staying true to our core values—take on more responsibilities,stay innovative, keep improving—we are committed toaccelerating innovation through sustained R&D investment.We strive to build a disciplined, collaborative innovation systemsuppoed by incentives. We have introduced an integratedproduct development (IPD) process and actively fosteredindust-university-research panerships to tackle technicalchallenges and fast-track the commercialization oftechnological breakthroughs, injecting poweul momentuminto our sustainable development.In parallel, we are committed to cultivating long-term, stable,mutually benecial, fair and transparent relationships with ourpaners. In our procurement practices, we advocate for greensourcing and prioritize suppliers that uphold environmentalvalues and discharge social responsibility earnestly. Together,we are driving a greener supply chain and ensuring productsustainability from the source. We also enforce rigorouslifecycle quality controls, continually optimizing productpeormance and quality standards to deliver high-qualityproducts that reward our customers’ enduring trust andsuppo.
Sound Corporate Governance: A Pillar ofSustainable Growth
Environmental Protection: Our UnshakableResponsibility
Industrial Upgrading: Our UnwaveringPursuit
People and Community-Oriented: OurEnduring Values
Kewell Technology Co., Ltd.
Chairman: Fu Shitao
Message from the ChairmanKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
About UsKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
2024202320222021
2020
2018
2017
201420122011Ocially established
Entered the fuel cell
testing industEntered the power semiconductor manufacturingindust; launched the rst low-power program-mable power supplyListed on the STAR Market of theShanghai Stock Exchange
Launched next-generation low-powerprogrammable power supplies
Recognized as a National “Little Giant” Ente-rprise that Produces Novel and SpecializedProducts
Named a Technology Innovation Demonstra-tion Enterprise in Anhui Province; standar-dization of high-power product line
Recognized for digitalized workshopoperations in Anhui; system productplatform development
Entered the EV testing indust;ceied as a National High-TechEnterprise
Development Histo
Company Prole
Corporate Culture
Kewell Technology Co., Ltd. (in sho: Kewell; stock code: 688551) was established in 2011 in theHefei National High-Tech Indust Development Zone, Anhui Province. e Company was suc-cessfully listed on the STAR Market of the Shanghai Stock Exchange on September 10, 2020.Kewell is a comprehensive solutions provider specializing in programmable power supplies as itsfoundation. It delivers test systems and intelligent manufacturing equipment to a wide range ofindustries. Kewell currently operates three strategic business divisions: Programmable PowerSupply Division, Hydrogen Energy Testing & Intelligent Manufacturing Division, and Power Sem-iconductor Testing & Intelligent Manufacturing Division. With nine branches across China and aworkforce of more than 600 employees, Kewell continues to expand its footprint.e Company has three main product lines, namely: Programmable Power Supplies, HydrogenEnergy Testing and Intelligent Manufacturing Equipment, Power Semiconductor Testing and In-telligent Manufacturing Equipment. ese products are widely applied across sectors such asrenewable energy generation, electric vehicles, electrolyzer and fuel cell technologies, and powersemiconductor production. Due to the versatility of programmable power supply products,Kewell also sees industries including rail transit, automotive electronics, intelligent manufactur-ing, electromechanical systems, aerospace, and laborato ceication.rough years of continuous innovation and deep indust engagement, Kewell has developed arobust foundation of application expeise, enabling the seamless integration of cutting-edgetechnologies with real-world industrial needs. is allows us to deliver testing solutions tailoredto the evolving requirements of our customers. Several of our products have successfully seedas substitutes for impo products, and our products are now expoed to Europe, Japan, SouthKorea and Southeast Asia. As one of the few Chinese brands integrated into global test equip-ment supply chains, Kewell is rapidly emerging as a leading domestic player and a recognizedname in the integrated test equipment market.
branch office
go public
2020
About Us
More precise and convenient
Take on more responsibilities, stayinnovative, keep improvingWe are dedicated to becoming aworld leading brand for test powersupplies & systems
Mission
Core ValuesVision
Entered the photovoltaictesting indust
About UsKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Business Oveiew
Power Supply Division
Power SemiconductorDivision
Hydrogen EnergyDivision
is division is dedicated to the research, development and manufacturing ofadvanced programmable power supply systems. Its product pofolio includesprogrammable AC and DC power supplies, cell charge/discharge test systems, andATE systems.
Catering to the evolving needs of the green hydrogen economy, this division providesintegrated test solutions for the hydrogen indust. Its products cover test systems forelectrolyzers and fuel cells.
Focused on advancing the localization of power semiconductor testing equipment,this division delivers a full range of solutions that span peormance testing, reliabilitytesting, packaging and testing process equipment, and automated production lineequipment.
ree Business Divisions
DC Source-load System: D2000-EV Series Bi-directi-onal Programmable DC Power Supply
Cell Charge/ Discharge Test System:
B2000-EC Series Cell Charge/DischargeTest System
Peormance Test System: MX300S Static Test System
Automation Equipment: MX300A Automatic Test Produ-ction Line
Process Equipment: KPE-VSS-300 Vacuum Soldering Sys-tem
Reliability Test System: MX300C ermal CharacteristicsTest System for Power Devices
AC Source-load System: A2000 SeriesBi-directional Programmable AC PowerSupply
G6000 Series Bi-directional Programm-able AC Source-load System
ATE: TS8000 Series EOL Test System for TractionBatte Packs
FCTS-S Series Fuel Cell Stack Test System
Fuel Cell Sub-system Test Platform
FCTS-M Series Fuel Cell Engine Test System
HETS-PWE-S Series Electrolyzer Test System
（Selected Products）
（Selected Products）
（Selected Products）
H2
eVTOL Indust
Power Semiconductor
Manufacturing
AutomotiveElectronics
Medical Electronics
HouseholdAppliances
Nuclear PowerTelecommunications
Power Semiconductor
Device Testinge
Higher Education &Research Institutions
AerospaceRail Transit
Applications of Programmable Power Supply Products
About UsKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance RepoAwards and HonorsKPI Highlights 2024
National High-TechEnterprise
Pilot Base for TradeSecret ProtectionInnovation in AnhuiProvince
Top 50 Specialized andSophisticated Enterprise
that Produces Novel
and Unique Products inAnhui Province
2023 Anhui Province
Patent
Second Prize of 2022
Anhui Science andTechnology Progress
Awards
AAA-Rated ModelEnterprise for Quality and
Credit in Anhui Province
Technological InnovationDemonstration Enterprise
in Anhui Province
Model Enterprise forTrademark and BrandExcellence in AnhuiProvince
Enterprise Quality and Credit EvaluationCenter of Anhui Province
Anhui Provincial Administration forMarket Regulation
Trademark and Brand DemonstrationEnterprise Recommendation Commit-tee of Anhui ProvinceAnhui Provincial People’s Government
Anhui Provincial Depament of HumanAnhui Provincial Depament of Science& Technology
Anhui Provincial Depament of Industand Information Technology
Total revenue(RMB)
Total investment in environmentalprotection
Comprehensive energy consumption intensity
Total R&D investment: RMB
R&D personnel
Total workforce
Average training hours completed per employee
Representingof revenue
of total workforce
are femaleGreenhouse gas emissions intensity (Scope 1 + 2)
tons of standard coal per RMB1 million in revenue
RMB 10 thousand
tons CO?e per RMB 1 million inrevenue
Total prot(RMB)Net prot attributable to sharehold-ers of the parent company(RMB)
of which
Independent directors asa share of the Board
Female representationon the Board
Investor inqui responserate
478.272 million
15.96
78.9267
million
16.50 %
38.69 %
21.88 %
1.87hours
0.86
2.92
37.50 %
49.048 million47.3002 million
12.50 %100 %
Anhui Provincial Depament of Scienceand TechnologyAnhui Provincial Depament of FinanceAnhui Provincial Tax Service, StateTaxation Administration
Presented ByPresented By
Presented By
Presented By
Presented By
Presented By
Presented By
Presented By
Corporate Governance
Economic
EnvironmentalSocial
accounting for
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Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Strengthening Governance Fr-amework and Setting IndustBenchmarksKewell embraces a philosophy of sustainable governance, establishing arobust governance structure consisting of the Shareholders' Meeting, theBoard of Directors and the Board of Supeisors. is structure ensuresdecision-making processes are both scientic and ecient. e Companyenhances risk management, adheres to the highest ethical businessstandards and fosters cohesive development. By continuously rening itsgovernance framework, Kewell lays a solid foundation for sustainablegrowth and long-term success.
Commitment to SustainableDevelopmentStrengthening Corporate governanceAdhering to Business Ethics
1314
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Commitment to SustainableDevelopment
Sustainable Development Governance
Stakeholder Engagement
Sustainable Risk Management
Kewell is fully committed to sustainability, having established a robust ESG governance structure. e Board of Directors oversees the decision-making and monitoring of ESG-related activities, while an ESG Working Group is tasked with executing these initiatives. is includes managingprojects, facilitating interdepamental collaboration and driving improvements, ensuring that ESG principles are seamlessly integrated into theCompany’s day-to-day operations. ese eos are pivotal in steering the Company toward a greener, more harmonious and ecient future.During the repoing period, Kewell engaged a third-pay professional agency to conduct specialized ESG training. e leadership team, alongwith depament heads, actively paicipated in this training, enhancing their understanding of ESG best practices and staying updated on thelatest policy developments.
Kewell actively engages with key stakeholders through established communication channels to gain deep insights into their concerns andexpectations. is targeted communication ensures long-term, trust-based relationships with all stakeholders and fosters broad paicipation inaddressing material issues. e Company is committed to continuous improvement in its management practices.
Kewell is committed to a long-term strategic approach, addressing environmental, social and governance risks through a comprehensive riskidentication and assessment system. e Company has developed well-dened response strategies to ensure that all business activities arealigned with sustainable development principles. By strengthening its resilience, Kewell continues to create long-term value for shareholders,employees and society at large.
ESG Training
Stakeholder GroupMaterial IssuesCommunication and Response
Government and Regulatory
Agencies
Operational complianceEnvironmental management compliance
Compliance with laws and regulationsCompliance with disclosure obligations
Fullling tax obligationsAdvancing sustainable, low-carbon practices
Investors and Shareholders
Corporate governanceInnovation-driven developmentOccupational health and safetyAnti-bribe & anti-corruption
Shareholders’ meetingInformation disclosureQ&A sessions on sns.sseinfo.comPeormance briengsInvestor suppo lines
Customers and Suppliers
Innovation-driven developmentProduct and seice quality and safety
Supply Chain SecurityData security and privacy protection
Occupational health and safety
Quality lifecycle management
Supplier AssessmentCustomer satisfaction suey
Customer seice training
Employees
Protection of worker’s legal rights and interestsEmployee training and development
Occupational health and safety
Employee trainingCareer pathways
Employee activitiesLabor union and employees’ congressWork safety managementOccupational health protection
NGOs and CommunityOrganizations
Social contributionPollutant discharge
Public welfare initiativesEnergy conseation and emission reduction
Industry Associations/Research Institutions
Innovation-driven developmentProduct and seice quality and safety
Paicipation in indust exhibitionsContribution to formulation of indust standards
Media
Pollutant dischargeWaste managementProduct and seice quality and safety
Information disclosure
Website and social media platforms
1516
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Materiality Matrix
Management of Material Issues
Step 1: Inuencing Factors Analysis
Step 2: Initial Screening of Issues
Step 4: Issue Conrmation
Step 3: Materiality Assessment
During the repoing period, Kewell employed evaluation methodologies based on both global and domestic disclosure standards, as well asindust best practices. By aligning these frameworks with the Company’s unique context, Kewell incorporated a dual analysis of both impactmateriality and nancial materiality, enabling a comprehensive identication and assessment of material issues.
◎Examine indust trends on both global and domestic macroeconomic levels;◎Analyze the Company’s indust landscape;◎Assess the Company’s business model;◎Identify and analyze the impacts, risks and oppounities the Company currently faces.
◎Develop a pool of material issues by drawing upon evaluation methodologies from global standardssuch as the Global Repoing Initiative, the United Nations Sustainable Development Goals (SDGs) andauthoritative rating agencies, along with best practices from indust peers.
◎Compile a nal list of material issues, distinguishing those based on impact and nancial materialityand ensuring that all relevant issues are presented in a transparent, balanced and comprehensivemanner.
◎Impact Materiality AssessmentMap the potential positive and negative eects of each issue on the external environment, society andthe economy; and conduct a suey, with 334 responses gathered from key stakeholders, includingemployees, customers and suppliers.◎Financial Materiality AssessmentAnalyze the results of the suey, focusing on the impact, dependencies and other relevant factors; andintegrate expe judgment into the process to identify and evaluate the risks and oppounitiesassociated with each issue, ultimately determining which issues hold nancial materiality.
０１
０２
０４
０３
Material Issue Analysis and Assessment Process
Related Issues
Highly material
Materiality to economic, social and environmental impacts
Highly materialMateriality to the Company’s nancial positionBoth nancially and impact materialEnvironmentally material but not nancially material
Environmental Management Compliance, Energy Use,
Water Resources Utilization, Pollutant Discharge, Wa-
ste Management, Protection of Workers’ Legal Rights
and Interests, Employee Training and Development,
Occupational Health and Safety, Data Security and
Customer Privacy Protection, Social Contribution,
Anti-Bribe & Anti-corruptionCircular Economy, Ecosystem and Biodiversity Preseation, Technology Ethics, Equal Treatment of SMEs, Rural Revitalization,Anti-unfair Competition, Due Diligence, Stakeholder Engagement
Response to Climate Change,Innovation-driven Developm-ent, Product and Seice Qu-ality and Safety
Financially and ImpactMaterial Issues
Impact Material Issues
Neither nancially nor impact material
、
①
?
⑧
?
②
③④⑤
⑥⑦
⑨⑩?
?
?
?
?
??
?
???
Supply Chain Security
Financially material but not impact material
Environmental Management ComplianceEnergy UseResponse to Climate ChangeCircular EconomyWater Resources UtilizationPollutant DischargeWaste ManagementEcosystem and Biodiversity PreseationProtection of Workers’ Legal Rights andInterestsEmployee Training and DevelopmentOccupational Health and SafetyInnovation-driven DevelopmentTechnology EthicsProduct and Seice Quality and SafetyData Security and Customer PrivacyProtectionSupply Chain SecurityEqual Treatment of SMEsSocial ContributionRural RevitalizationAnti-bribe & Anti-corruptionAnti-unfair CompetitionDue DiligenceStakeholder Engagement
?
?
⑩???????????
①②③④⑤⑥⑦⑧⑨
Financially Material Issues
1718
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Commitment to the United Nations Sustainable Development GoalsKewell is fully committed to the United Nations Sustainable Development Goals (SDGs), embedding ESG principles at the core of corporategovernance. We recognize that true progress can only be achieved by aligning environmental protection, social responsibility and corporategovernance. is integrated approach is essential to navigating the challenges of the modern era, driving both economic success and positivesocial impact.
SDGsSDG SummaReference SectionCompany Actions
End povey in all its forms evewhere
Valuing Employees andBuilding a Better Wor-kplace Together
Actively engage in charitable initiatives, inc-luding the establishment of “Kewell Scho-larship” at Hefei University of Technology.
Ensure healthy lives and promotewell-being for all at all ages
Valuing Employees andBuilding a Better Wor-kplace Together
Operate in full compliance with safety reg-ulations, organize regular safety training andfocus on occupational health, while obtainingceication for occupational health andsafety management system.Ensure inclusive and equitable qualityeducation and promote lifelonglearning oppounities for all
Valuing Employees andBuilding a Better Wor-kplace Together
Develop a robust training managementsystem, enhance the skills of our trainer wor-kforce, and create learning platforms toprovide all employees with access to high-quality educational resources.
Achieve gender equality and emp-ower all women and girls
Valuing Employees andBuilding a Better Wor-kplace Together
Eliminate workplace gender discrimination,ensure that female employees receive legallymandated benets, including prenatal check-up leave, maternity leave and breastfeedingbreaks, arrange breastfeeding & nursingrooms, and celebrate International Women’sDay to protect the legal rights of femaleemployees.Ensure availability and sustainablemanagement of water and sanitationfor all
Empowering Green Te-chnology for a Susta-inable Future
Promote water conseation through visiblewater-saving signs and optimize productionprocesses to minimize wastewater generation.
Ensure universal access to aordable,reliable and modern energy seices
Empowering Green Te-chnology for a Susta-inable Future
Speed up the deployment of photovoltaicenergy systems, increasing the propoion ofclean energy used in our operations.
Promote sustained, inclusive, and sus-tainable economic growth, full andproductive employment, and decent workfor all
Valuing Employeesand Building a BetterWorkplace Together
Prohibit all forms of discrimination and forcedlabor, and recruit employees through diversechannels to build a strong talent base to suppothe Company’s growth.
Build resilient infrastructure, promote in-clusive and sustainable industrializationand foster innovation
Leading in TestingTechnology and Driv-ing Energy Innovation
Strengthen our technological innovation fra-mework, introduce strong R&D incentives, and activelyfoster indust-university-research panerships toenhance R&D capabilities; Prioritize intellectualpropey protection to safeguard the Company’sinterests.Reduce inequality within and amongcountries
Valuing Employeesand Building a BetterWorkplace Together
Foster a fair and diverse workplace, ensuringequal oppounities for all employees in rec-ruitment, compensation, vocational training andpromotions.
Adopt sustainable consumption and pr-oduction patterns
Leading in Testing Te-chnology and DrivingEnergy Innovation
Implement a product quality control system,enhance quality risk management, and pursueceication for quality management systems;Focus on improving customer experiences andsatisfaction, safeguarding their rights across allinteractions.Take urgent action to combat climatechange and its impacts
Empowering GreenTechnology for aSustainable Future
Actively suppo China's carbon peak and carbonneutrality goals by driving energy eciency re-trots and increasing the use of clean energy toreduce greenhouse gas emissions.Protect, restore, and promote sustainableuse of terrestrial ecosys-tems, manageforests, combat deseication, halt andreverse land degradation, and haltbiodiversity loss
Empowering GreenTechnology for a Sus-tainable Future
Comply with all relevant environmental laws andregulations, conduct regular environmental riskassessments, and monitor soil and groundwaterconditions.Promote peaceful and inclusive societiesfor sustainable development, provide ac-cess to justice for all and build eective,accountable and inclusive institutions atall levels
StrengtheningGov-ernance Frameworkand Setting IndustBenchmarks
Streamline the operations of our governancebodies (Shareholders’ Meeting, Board of Directors,Board of Supeisors), establish compliance andinternal control systems, enhance risk manage-ment, and improve investor relations manag-ement to ensure transparent and accurateinformation disclosure.Strengthen the means of implementationand revitalize the global panership forsustainable development
Leading in Testing Te-chnology and DrivingEnergy Innovation
Implement supplier lifecycle management, int-egrate ESG principles throughout the supplychain, and suppo the sustainable developmentof our paners.
1920
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance RepoStrengthening Corporategovernance
ree Governance BodiesGovernance Structure
Shareholders’ Meeting
Board of Directors
Kewell operates in strict accordance with applicable laws and regulations, including theCompany Law, theSecurities Lawand the
Rules Governing the Listing of Stocks on the START Market of Shanghai Stock Exchange. We’ve developed a comprehensive set ofinternal policies and regulations, including theArticles of Association and the Rules of Procedure for Shareholders’ Meetings, tocontinuously enhance our governance structure. The Company has established a robust and modern corporate governance structurecomprising the Shareholders' Meeting, the Board of Directors, the Board of Supervisors and the management. This structure ensuresa clear delineation of powers and responsibilities and fosters coordination between these governing bodies, thereby safeguarding thelegal rights of both the Company and its shareholders.
Kewell convenes, holds and arranges for voting at its Shareholders’Meetings in full compliance with itsArticles of Associationand theRules of Procedure for Shareholders’ Meetings. The Company iscommitted to ensuring that all shareholders, particularly minorityshareholders, can exercise their voting rights equitably andeffectively through an online voting platform. During the reportingperiod, Kewell held one Shareholders' Meeting, which was conductedin strict accordance with applicable laws, regulations and theCompany’sArticles of Association. The meeting combined in-person and online voting mechanism, with 12 resolutions beingreviewed and approved.
The Board of Directors serves as Kewell’s decision-making body and isaccountable to the Shareholders’ Meeting. In accordance with theArticles of Association, the Company ensures the diversity of its Boardmembers by considering factors such as gender, age, educationalbackground, professional qualifications and work experience whenselecting Board candidates. The current Board members possessextensive expertise in areas such as power supply, accounting,investment, hydrogen energy and semiconductors, providing a strongfoundation for informed decision-making.The Board is supported by four specialized committees: the StrategyCommittee, Nomination Committee, Remuneration and EvaluationCommittee, and Audit Committee. These committees operate in linewith theWork Rules for the Board’s Specialized Committees. While theChairman of the Board leads the Strategy Committee, independentdirectors chair the other committees. The proportion of independentdirectors on the Nomination Committee, the Remuneration andEvaluation Committee and the Audit Committees is two-thirds. Thecommittees leverage their collective expertise to provide the Boardwith professional insights on key matters, including the Company’slong-term strategy, talent screening, employee incentives andperformance evaluations, and internal auditing, ensuring robustsupport for sound and well-informed decision-making. As of the endof the reporting period, the Board consists of 8 members, including 1female director, representing 12.5% of the Board. There are 3independent directors, accounting for 37.5% of the Board.
The meeting combined in-person and online votingmechanism,
Shareholders’MeetingStrategyCommittee
Board ofSupeisors
Board Secreta
NominationCommittee
AuditCommittee
Internal Audit DepamentResearch InstitutePower Supply DivisionHydrogen Energy DivisionPower Semiconductor DivisionInternational Business DepamentProduct DepamentProduction DepamentCustomer Seice DepamentQuality DepamentPurchasing Depament
InformationTechnology DepamentMarketing DepamentFinance DepamentHuman Resources DepamentAdministration DepamentInfrastructure Engineering DepamentSecurities Aairs Depament
Remuneration andAssessmentCommittee
Board of Directors
General Manager
During the repoing period
During the repoing period
Kewell held
Shareholders' Meeting
resolutions being reviewedand approved.
KPIs
Male directorFemale director
87.50%
12.50%
37.50%
62.50%
Non-indepen-dent director
Independent di-rector
the Board held6 meetings
reviewing and approving13 resolutions
while the Remunerationand Evaluation Committ-ee convened
3 meetings
reviewing and appr-oving
8 resolutions.
during which 35resolutions were reviewedand approved
achieving an average atte-ndance rate of
100%
The Audit Committee co-nvened4 meetings
Governance Structure
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Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
As the Company’s supervisory body, the Board of Supervisors operatesin strict accordance with the provisions set forth in theRules of Procedurefor the Board of Supervisors. With the aim of safeguarding the legalrights of both the Company and its shareholders, the board is responsiblefor ensuring the legality and compliance of the Company’s majordecisions and operations and providing review opinions as necessary.The Board of Supervisors is composed of 5 members, including 1shareholder representative and 4 employee representatives.
Kewell adheres to the principles of fairness, incentivization and cost-effectiveness in designing its compensation policies. The Company hasestablished theCompensation and Performance Evaluation ManagementSystem for Directors, Supervisors and Senior Officers, which clearlydesignates the Remuneration and Evaluation Committee as responsiblefor formulating compensation plans and performance evaluationprocedures for the Company’s directors and senior officers. Whendeveloping compensation packages, the Committee takes into accountseveral factors, including the compensation levels of directors and seniorofficers in similarly sized companies within the industry, the Company'sfinancial position and its strategic development goals. Thesecompensation packages are then submitted to the Shareholders’Meeting for approval. The Company also adjusts compensation fromtime to time based on changes in operating results, fluctuations inmarket salaries, directors’ performance, major strategic shifts andsignificant changes in the industry landscape.
To regulate contract management and minimize operationalrisks, Kewell has implemented theContract ManagementRegulations,which outline the procedures for drafting,entering into, reviewing and approving contracts. TheCompany categorizes contracts into procurement, sales,engineering and external maintenance service contracts,among others, with each undergoing a multi-tier approvalprocess via the Company’s OA system to ensure operationalcompliance. During the reporting period, Kewell conductedtraining sessions on contract risk management, furtherstrengthening employees’ awareness and understanding ofrisk prevention.
Kewell maintains strict compliance with the provisions ofrelevant laws and regulations, including theAudit Law, theBasic Standard of Enterprise Internal Controland theCompany’sArticles of Association, while continually refiningthe Internal Audit Supervision Policy. This framework ensuresthe effective implementation of the Company's internalcontrol initiatives, providing a solid institutional guaranteefor the realization of the Company’s strategic goals.We’ve established an Internal Audit Department, which isresponsible for assessing and evaluating the integrity,adequacy and effectiveness of internal control systems. Thedepartment conducts quarterly audits in strict adherence toestablished procedures and promptly proposes correctiveactions for any identified issues. In addition, we engagethird-party professional firms annually to perform internalcontrol audits and provide independent audit reports,ensuring that our auditing practices remain compliant withapplicable laws and standards.
Kewell has established theRelated Party Transaction Decision-Making Policyin line with relevant laws, regulations and the Company’sArticles of Association. This Policy outlines detailed guidelines for defining related parties and their relationships, as well as thedecision-making authority and review procedures for related party transactions. To ensure the fairness and impartiality of decisionson related party transactions for all shareholders, we mandate that related directors and shareholders abstain from voting on relatedparty transactions.
During the repoing period
During the repoing period
the board convened
meetings
the Company allocated a total of RMB
6.9946
million in compensation to directors,supervisors and senior officers.
during which22resolutions were reviewed and approved.
Compliance Risk Management
Contract Risk Management Training Session
Internal Audit TrainingCompensation Management for Directors,Supeisors and Senior Ocers
Board of Supeisors
Operational Compliance
Internal Control
Related Pay Transactions
2324
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Investor Rights Protection
Kewell strictly adheres to all applicable laws and regulations and has implemented internal systems such as theInformation DisclosureManagement PolicyandInternal Reporting System for Material Informationto govern its disclosure practices. The Company iscommitted to continuously improving the quality of its disclosures, ensuring that all information is thoroughly reviewed and meetsthe highest standards of authenticity, accuracy, completeness, timeliness and fairness. This ensures that all investors have equalaccess to the same information, thereby protecting their legitimate rights and interests. In the 2023-2024 period, the Companyearned a B-level rating for its information disclosure practices in the disclosure evaluations by Shanghai Stock Exchange.
Kewell complies with all relevant laws and regulations and has established theProfit Distribution Management Policybased on itsoperational realities. The Policy outlines clear guidelines for the order of profit distribution, policies and supervisory mechanisms togovern the Company’s profit distribution behaviors and ensure that profit distribution is transparent and equitable.
Kewell upholds the principles of compliance,equality, proactivity and integrity in its investorrelations management. It has established theInvestor Relations Management System, whichdefines the communication procedures anddisclosure requirements for managing rela-tionships with investors. The Board Secretaryis designated as the primary individual respon-sible for investor relations management, withthe Securities Affairs Department serving asthe operational body overseeing day-to-dayinvestor relations activities.Kewell places significant emphasis on the es-tablishment and maintenance of investor rela-tionships. We engage with investors through awide range of channels, including the websitesns.sseinfo.com, the investor relations sectionon our official website, analyst briefings, per-formance briefings, roadshows, private meet-ings and phone consultations. These diversecommunication channels promote transpar-ency, foster investor understanding, and en-sure that the rights and interests of sharehold-ers are effectively safeguarded.
Information disclosure
Dividends
Investor Relations
KPIs
KPIs
KPIs
Information disclosureviolations
0Incidents
Total cash dividends (before tax)
3,330.39RMB 10 thousandProportion to Net Profit Attributable to Shareholders of the Listed Company in Consolidated Finan-cial Statements
67.90%
Number of on-site investor visits5Times
Number of Q&A sessions on sns.sseinfo.com46Times
Performance presentation3Times
Number of investor calls answered109Times
Number of participants+400Person-timePeriodic reports
4Copies
Cash dividend per 10 shares (before tax)
4.00RMB
Participation in broker strategy sessionsand conference calls12Times
Interim reports51Copies
Peormance Brieng
Information Disclosure Compliance
Investor Relations Management
Returns to Shareholders
2526
Strengthening Governance Framework and Setting Indust BenchmarksKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Adhering to Business Ethics
Anti-Bribe and Anti-Corruption
Kewell upholds a strict adherence to applicable laws and regulations,including theInterim Provisions on the Prohibition of Commercial Bribery.
It has established a robust anti-corruption framework, maintaining a zero-tolerance stance toward corruption and continuously reinforcing itspreventive measures against unethical conduct. All new employees arerequired to sign the Employee Integrity Agreement, which explicitlyprohibits embezzlement, commercial bribery and other unethicalbehaviors. The agreement also outlines clear accountability measures,ensuring that integrity risks are mitigated from the outset of employment.In terms of managing business relationships, Kewell requires its suppliersto sign both the Honesty and Integrity Agreement and the Non-DisclosureAgreement, thereby creating a dual integrity oversight mechanism. Thisapproach enforces ethical business practices and promotes transparencyin procurement. In its distribution network, the Company enforces strictcompliance with the Honesty and Integrity Agreement, prohibiting anyform of improper financial or business advantages.
Kewell places significant emphasis on cultivating a culture of integrity through a range of initiatives. For employees, the Companyprovides regular integrity training for new hires to instill ethical values and create a workplace atmosphere centered on honesty andtransparency. In managing relationships with business partners, the Company proactively issues integrity reminders to suppliersbefore major holidays, reinforcing the importance of ethical conduct. Through both internal and external communication initiatives,Kewell strengthens its commitment to integrity, fostering a fair and transparent business environment.
To enhance transparency and oversight, Kewell has established adisciplinary supervision and whistleblowing channel on its officialwebsite. Employees and stakeholders are encouraged to reportany fraudulent or unethical activities to the Company’s InternalAudit Department through multiple channels, including phonecalls, emails, written reports, and in-person meetings. TheCompany ensures the strict confidentiality of the whistleblower’sidentity and the content of their reports, prohibiting any form ofdiscrimination or retaliation against whistleblowers.
Kewell is dedicated to promoting a fair and competitivemarket environment and complies with applicable laws andregulations such as theAnti-Monopoly Law of the People'sRepublic of Chinaand theAnti-Unfair Competition Law of thePeople's Republic of China.The Company firmly opposes theuse of unfair practices to gain competitive advantage and iscommitted to protecting consumer interests while contr-ibuting to the sustainable development of the manufacturingindustry.
Integrity Training
During the repoing periodthere were no signicant incidents related tocorruption or commercial bribe.
During the repoing periodKewell was not involved in any legal disputes related tounfair competition or monopolistic behavior.
Repoing Channels0551-66858006Email:kewell@kewell.com.cn
Governance
Whistleblowing Mechanism
Integrity Culture
Anti-Monopoly and Fair Competition
2728
Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Kewell is committed to supporting national susta-inability initiatives and firmly embraces a green, low-carbon development path. Through practical andmeasurable actions, the Company addresses thechallenges of climate change and contributes to thevision of a sustainable, environmentally responsiblefuture. At the same time, the Company continues tostrengthen its environmental management systems,improve emergency response mechanisms, and imp-lement effective energy conservation and environ-mental protection measures across its operations.These efforts aim to bolster the Company’s greencompetitiveness and contribute to the building of amore sustainable society.
Response to Climate ChangeAdvancing Green OperationsEnhancing Resource Utilization
Empowering Green Te-chnology for a Sustai-nable Future
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Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Response to Climate Change
Governance
Strategy
Climate change is one of the most significant global challenges of our time. In addition to threatening human health, it also presentssubstantial risks to the long-term viability of businesses. As a socially responsible enterprise, Kewell leverages its industry expertise andoperational strengths to proactively identify climate-related risks and opportunities in strict compliance with relevant national laws andregulations, thereby contributing to global carbon reduction efforts.
Note: We define the impact period as follows: short-term (1–3 years), mid-term (3–5 years) and long-term (more than 5 years). Severity isdefined as high (significant impact on business operations), medium (moderate impact) and low (minor impact). Possibility is defined ashigh (very likely), medium (moderately likely) and low (unlikely).
Kewell actively aligns with international best practices and is fully committed to advancing China’s carbon peak and carbon neutrality goals.Against the backdrop of the nation’s rapid transition toward green development, the Company is investing more efforts in investigatingclimate-related issues and integrating them into both Board-level decision-making and company-wide management systems. Through atop-down governance approach, the Company is strengthening its organizational resilience and adaptive capacity to climate risks.
Risk/Oppor-tunity
TypeDescriptionFinancial Impact
ImpactPeriod
Seve-
rity
Possi-bility
AectedValueChainSegme-nts
Responses
Physical
Risk
Acuterisk
The growing frequency ofextreme weather eventssuch as heatwaves, heavyrainfall and typhoons posethreats to Kewell’sproduction facilities andsupply chain continuity.
Increased opera-ting costs, fixedasset impairme-nt
Short-term
Medi-um
Low
UpstreamOperatio-nsDownstr-eam
Develop and implem-ent robust emergencyresponse plans, rein-force buildings andequipment, and opti-mize energy and sup-ply chain landscape.
Chronicrisk
Global warming and risingsea levels may escalateinfrastructure operatingcosts and pose health risksto em-ployees.
Increased opera-ting costs
Short-term
Medi-um
Low
Operat-ions
Enhance climate resi-lience of infrastructu-re, strengthen workp-lace safety measuresand provide regularhealth checks.
Risk/Oppor-tunity
TypeDescriptionFinancial Impact
ImpactPeriod
Seve-rity
Possi-bility
Aected
ValueChainSegme-nts
Responses
Transition
Risk
Policyand regula-toryrisk
Stricter climate-related po-licies, laws and regulationsin domestic and internat-ional markets may increasecompliance costs.
Increasedcompliance costs
Short-term
LowLow
Operat-ions
Remain vigilant in mo-nitoring policy devel-opments and adjustsbusiness strategiesaccordingly.Techn-ology
risk
Continuous upgrades ingreen, low-carbon techn-ologies may require add-itional R&D investment.
Increasedoperating costs
Short-term
Medi-um
Low
Operat-ions
Actively invest in gre-en, low-carbon techn-ologies to enhanceproduct sustainability.
Marketrisk
With the enhancement ofconsumer eco-consciousn-ess, there’s a growing pr-eference for product attr-ibutes such as low carbon,eco-friendliness and susta-inability.
Increasedoperating costs
Short-term
LowLow
UpstreamOperatio-nsDownst-ream
Promote green con-sumption, and provideenvironmentally frien-dly products that alignwith market and con-sumer expectations.
Reput-ational risk
Failure to respond to risingstakeholder expectations ar-ound climate issues maygive rise to complaints andharm the Company’s publicimage.
Decreasedrevenue
Short-term
LowLow
Operati-ons
Improve climate-rela-ted disclosures andpromote the Compa-ny’s green productsand services to buildan environmentally re-sponsible, low-carbonbrand image.
Oppo-
unity
Resour-ceefficien-cy
By adopting resource-eff-icient technologies and hi-gh-efficiency equipment,the Company can improveresource efficiency andred-uce resource consum-ption and carbon emis-sions.
Decreasedoperating costs
Long-term
Medi-um
Me-di-um
Opera-tions
Ensure continuousupgrades to product-ion equipment andwidespread applica-tion of energy-savingand emissions-reduc-tion technologies.Produ-ctsandservic-es
Developing eco-friendly, lo-w-carbon products mayeectively cater to evolvingconsumer preferences, whi-ch not only aids in tappinginto new markets but alsospearheads novel consum-ption concepts.
Increased revenue
Long-term
Medi-um
Me-di-um
Opera-tionsDowns-tream
Select recyclable andbiodegradable packa-ging materials andincrease investment inthe development andmarketing of sustai-nable products.
3132
Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance RepoManagement of Impacts, Risks and Oppounities
Emissions Reduction Initiatives
Metrics and Targets
To enhance its climate-related risk management capabilities and support resilient, long-term growth, Kewell proactively identifies andassesses climate-related risks and opportunities. The Company has developed targeted strategies to mitigate and manage these risks,steadily building organizational climate resilience.
Kewell is actively exploring pathways for carbon reduction and effectively advancing theimplementation of energy-saving and emissions-reduction measures. To reduce carbonemissions, the Company continuously upgrades electric vehicle (EV) charginginfrastructure, purchases domestically produced EVs to replace traditional fuel-poweredvehicles, and prioritizes use of EVs for business travel. In addition, the Company hasincreased its reliance on renewable energy sources by installing distributed photovoltaic(PV) systems across its operational facilities.
Kewell actively supports global climate governance initiatives and aligns its environmental goals with the temperature control objectives oftheParis Agreement.Taking into account its operational profile, the Company has established climate targets that contribute to building agreen, low-carbon and sustainable future. Kewell’s greenhouse gas (GHG) emissions primarily originate from direct emissions (Scope 1)associated with the combustion of fossil fuels in production and operational processes, and from indirect emissions (Scope 2) associatedwith purchased electricity. During the reporting period, the Company’s GHG emissions are summarized as follows:
In alignment with the disclosureframework recommended bythe Task Force on Climate-related Financial Disclosures(TCFD), Kewell conducts policyresearch, benchmarks againstindustry peers and consults ex-pert opinions to identify clim-ate-related risks and opport-unities relevant to its operations.
All identified risks and opport-unities are subject to a mate-riality assessment based on cr-iteria such as impact period,severity and Possibility.
Based on the outcomes of riskidentification and assessmentprocess, Kewell formulates tail-ored responses to effectivelymanage climate-related risks.
Risk IdentificationRisk AssessmentRisk Mitigation
Risk Management Process
Photovoltaic PanelsGHG Emissions
During the repoing period
KPIs
KPIs
Direct GHG Emissions (Scope 1)
9.19tCO2e
the Company’s PV systems generated a total of
741,944 kWh electricity
Total GHG Emissions (Scope 1 + 2)1,396.30tCO2e
equivalent to a reduction of approximately
603.94 tons of CO? emissions
Indirect GHG Emissions (Scope 2)1,387.11tCO2e
GHG Emissions Intensity (Scope 1 + 2)
2.92tCO2e/ RMB 1 million (revenue)
Climate Goals:
Long-term target: To steadily advance toward carbon neutrality
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Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Advancing Green Operations
Governance
Management of Impacts, Risks and Oppounities
Kewell adheres to the environmental management principle of “conservingenergy, reducing consumption and minimizing pollution”. The Company strictlycomplies with applicable national environmental regulations, including but notlimited to theEnvironmental Protection Law of the People's Republic of China,theLaw of the People's Republic of China on the Prevention and Control ofAtmospheric Pollution,theLaw of the People's Republic of China on thePrevention and Control of Water Pollutionand theLaw of the People's Republic ofChina on the Prevention and Control of Environmental Pollution Caused by SolidWastes.Environmental management practices are implemented with referenceto the ISO 14001 standard and certification requirements. Guided by internalpolicies such as theEnvironmental Protection Management Proceduresand theHazardous Materials Management Policy,Kewell—under the unified oversight ofthe Safety and Environmental Protection Department—ensures clearaccountability across departments and steadily advances the standardizationand institutionalization of its environmental management system. In addition,Kewell actively pursues certifications for its environmental management system.During the reporting period, we obtained certification under the ISO 14001Environmental Management System.
To enhance environmental risk control in day-to-dayoperations, Kewell has established theControl Proceduresfor the Identification and Assessment of EnvironmentalFactors.These procedures are designed to periodicallyidentify, evaluate and update environmental factors crosseight dimensions—such as air emissions, wastewaterdischarge, soil contamination and energy use—undervarious operational scenarios (normal, abnormal andemergency) and timeframes (past, present and future).
Provide strategic oversight and leadership inenvironmental management
Coordinate and monitor company-wide en-vironmental initiatives
Support and assist in the implementation ofenvironmental initiatives
e Management
Safety and EnvironmentalProtection Depament
All Functional Depaments
Environmental ManagementSystem Ceicate
Organizational Structure for Environmental Management
Coordination &Implementation
Leader-ship &Direction
Assistance & Suppo
In parallel, the Company has developed theContingencyPlan for Environmental Emergenciesand assembled adedicated Emergency Response Team. The emergencyresponse framework is regularly refined to ensure effectiveresponses to environmental incidents. Environmental risksare categorized by severity, and tailored preventive andresponsive measures are in place for each risk level. Thisstructured approach enables the Company to respond toany environmental incident in a timely, efficient andscientifically sound manner and in turn minimize thepotential impact of environmental emergencies.
Environmental Emergency Response Organizational Structure
Chief Commander
Deputy Commander
Emergency CommandUnit
Technical SupportTeam
Logistics SupportTeam
Site CoordinationTeam
Emergency RepairTeam
Environmental Risk Control
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Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Environmental Protection
Waste Management
KPIsTotal investment in environmentalprotection
15.96RMB 10 thousand
Waste Packaging Containers (HW41)
0.12Tons
Waste Liquids (HW47)
0.573Tons
Environmental trainingsessions
2Sessions
Environmental trainingparticipants103Person-times
Total training hours103Hours
Kewell adheres strictly to theEnvironmental Impact AssessmentLaw of the People’s of Chinaand other applicable environmentallaws and regulations, following the “3 In-Parallels” rule (i.e.environmental protection facilities must be designed, cons-tructed and commissioned in parallel with the main work). TheCompany has established a standardized management processfor new construction, renovation and expansion projects,requiring environmental impact assessments to be conductedprior to project initiation and official approvals to be obtained.Upon project completion, the Company organizes environmentalcompliance inspections to verify adherence to regulatorystandards. During the reporting period, the Company’s SMT(Surface Mount Technology) manufacturing project was compl-eted and successfully passed its environmental complianceinspection.
Kewell has established clear environmental protection targetstailored to its operational context, with a focus on reducingpollution and delivering tangible environmental performanceimprovements.
By adhering to the principle of sustainable development, Kewell has established theEnvironmental Protection Management Procedureswhich clearly outline measures for prevention and control of pollutants such as wastewater, air emissions, solid waste and noise. Theseefforts are designed to reduce the environmental footprint of its production processes while continuously exploring opportunities forresource recycling. Kewell is not classified as a key pollutant discharging entity by environmental authorities, and during the reportingperiod, the Company did not incur any administrative penalties related to environmental issues.Kewell conducts environmental monitoring instrict alignment with regulatory requirements.Each year, the Company engages accreditedthird-party agencies to perform environmentalmonitoring across its production facilities. Basedon the monitoring results, authoritative reportsare issued, which support continuous improv-ement in environmental governance and ensurethe Company’s operations remain in line with highenvironmental performance standards.
Metrics and Targets
Pollution Emission Control
Environmental Protection Targets
100% compliance rate for classified and
non-hazardous solid waste disposal
Zero environmental incidents reported
Status
WastewaterManagement
Treatment Facilities：Air emissions are captured through dedicated collection facilities and treated via activatedcarbon adsorption and baghouse dust collectors before being released;Facilities Operational Oversight：The Safety and Environmental Protection Department is responsible for mon-
itoring the operation and maintenance of air pollution control equipment across all departments;Compliance with the “3 In-Parallels” rule：Air pollution control facilities are designed, constructed and commissionedin parallel with the main work of new construction, renovation and expansion projects;Prohibition on Incineration：The incineration of materials such as asphalt, plastics, waste or any other substances
that release toxic or odorous gases is strictly prohibited within the production facilities;Dust Control in Material Storage Areas: Effective dust control measures are applied to open-air material storageareas;Road Cleaning: Road cleaning is implemented to prevent dust pollution, maintain clean factory roads and minimizedispersion of particulate matters.
Process Optimization: The Company develops rational production planning and continually optimizes and upgrades
production processes and equipment to reduce the generation of wastewater at its source;
Compliance with the “3 In-Parallels” rule: Wastewater control facilities are designed, constructed and commissionedin parallel with the main work of new construction, renovation and expansion projects;Facilities Operational Oversight: Wastewater treatment and purification facilities are closely monitored to ensurethat all effluent is treated effectively before release;Prompt Incident Response: In the event of a water pollution incident, the Safety and Environmental Protection
Department coordinates with relevant departments to take swift and appropriate actions to mitigate or eliminatethe pollution.
Pollution Control Measures
Pollution Control Measures
Air EmissionsManagement
Gas Emissions Treatment Facilities
Environmental Impact Assessment
Environmental Monitoring andManagement
3738
Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
General Solid WasteRecycling: We categorize general solid waste and actively promotes recycling to improve resource utilization andreduce waste generation.Hazardous WasteSpecialized Disposal: Hazardous waste generated from production activities is temporarily stored in dedicatedareas and managed by qualified waste disposal services, with formal agreements in place to ensure regularremoval.
We employ strategic facility layout, use low-noise manufacturing and commissioning equipment, and plant treesaround the factory perimeter to ensure that noise emissions remain within acceptable limits and comply withenvironmental standards.
WasteManagement
Noise Management
Hazardous Waste Storage Areas
Environmental Training Session
Energy-saving and Environmental Protection Reminders
Kewell places great emphasis on environmental training and awareness,actively promoting sustainable practices. By organizing various enviro-nmental training programs, the Company works to raise employee awarenessof environmental protection and encourages the public to embrace eco-friendly lifestyles. This ensures that the principles of sustainability are notonly understood but are actively practiced.
As global attention on biodiversity intensifies, Kewellcontinuously monitors and actively manages the potentialimpacts of its operations on biodiversity. The Company carriesout regular risk assessments and environmental inspections instrict accordance with applicable national laws and regulationssuch as theOpinions on Further Strengthening Biodiversity
Additionally, Kewell integrates sustainable practices into everyday operations, guiding employees to adopt environmentally responsiblehabits in their personal and professional lives. In response to the national low-carbon development strategy, the Company activelycontributes to sustainability goals. For example, energy-saving and environmental protection reminders are prominently displayed at keylocations, such as faucets and power switches, to cultivate a green office culture. Kewell has also fully implemented paperless office practices,encouraging the use of electronic materials for meetings and utilizing the OA system for seamless online approvals. The Company enforcesdouble-sided printing and promotes the recycling of single-sided paper, significantly reducing overall paper consumption.
Commitment to Environmental Actions
Biodiversity Protection
Conservation, theSoil Pollution Prevention and Control Law of thePeople’s Republic of Chinaand theRegulations on GroundwaterManagement.During the reporting period, Kewell did not establishany production facilities or operational sites in nature reserves orbiodiversity hotspots, ensuring no significant negative impact onbiodiversity protection.
Pollution Control Measures
Pollution Control Measures
3940
Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Enhancing Resource Utilization
Governance
Energy Conseation and Emission Reduction Initiatives
Metrics
Kewell complies with applicable laws and regulations such as theEnergy ConservationLaw of the People’s Republic of China,theLaw of the People’s Republic of China onCleaner Production Promotion,theWater Law of the People’s Republic of ChinaandtheWater Extraction Permit Implementation Regulationsin its day-to-day operations.The Company actively promotes energy conservation and resource optimization inline with its operational needs. Through ongoing efforts to improve resource efficiency,Kewell is dedicated to advancing its green, low-carbon and energy-efficientdevelopment, ensuring sustained progress along this path.
Kewell embeds energy efficiency into all stages of production and operations, proactively encouraging all departments to adopt energy-saving measures that are both technically feasible and economically viable. The Company continuously refines its energy conservation andemission reduction practices, extracting valuable insights to optimize its energy structure. By steadily improving energy efficiency, Kewellfosters innovation and commercialization in energy efficient technologies, striving to become a leading energy-efficient enterprise.
To further its commitment to sustainability, Kewell conducts ongoing energy-saving and emissions reduction awareness campaigns,encouraging the staff to adopt eco-friendly practices in their daily routines. By promoting the conservation of energy and water, theCompany aims to instill a culture of energy conservation and emission reduction, ensuring that all employees contribute to its sustainabilityand low-carbon goals.
Energy Use
Water Resource Utilization
KPIs
Diesel Consumption
3,600L
Comprehensive EnergyConsumption
413.20tce
Comprehensive Energy Intensity
0.86tce/ RMB 1 million (revenue)
Renewable Energy Share
22.07%
Non-renewable Energy Consumption
322.02tce
Photovoltaic Power Generation741,944kWh
Renewable energy consumption
91.18tce
Water Consumption17,801Tons
Water Consumption Intensity
37.22Tons/ RMB 1 million (revenue)
Purchased Electricity
2,585,004kWh
Use of Clean Energy
Process Optimization
Routine Maintenance
and Management
Promotion of Energy-ecient Practices
Kewell has integrated ph-otovoltaic (PV) systemsinto its energy mix by ins-talling PV panels in an ef-fort to utilize low-carbon,renewable energy sourc-es.
The Company employsclean production techn-iques, optimizes equip-ment configurations andenhances operational ef-ficiency to minimize ene-rgy consumption.
Kewell conducts regularinspections and mainten-ance of production equi-pment to ensure its efficientoperation and maximizedefficiency.
Kewell advocates for theuse of energy-efficient, lo-w-carbon technologies,processes, equipment andmaterials across its ope-rations.
Energy Conservation and Emission Reduction Initiatives
Energy-saving Awareness Posters
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Empowering Green Technology for a Sustainable FutureKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Water Conseation Management
Optimizing Packaging MaterialsKewell is deeply committed to water conservation, implementing strict controls over water usage in both production and office operations.These efforts not only help reduce water costs but also maximize the efficiency of water resource utilization. The majority of the water usedby the Company is sourced from municipal supplies, and it is primarily used for production, office operations and employee domestic needs.Kewell’s water extraction, consumption and discharge activities have no significant environmental impact.
In line with its commitment to reducing resource waste and embracing green development principles, Kewell continuously refines itspackaging material management practices. The Company focuses on reducing packaging weight and increasing recyclability from sourcingto sales. We prioritize the use of recyclable and biodegradable materials and continuously explore opportunities to reduce the quantity ofpackaging materials and recycle packaging materials, all with the aim of minimizing packaging waste across the product lifecycle.
In March 2024, Kewell completed commissioning and effected shipment of an automated IGBT module testing line customizedfor a major joint venture customer. For this shipment, the Company exclusively used biodegradable green packaging materials.The novel packaging and pallets replaced traditional wood packaging, ensuring both transportation safety and environmentalsustainability.Case
Green Packaging Initiatives
Use of Eco-friendly Packing Materials
Routine Maintenanceand Management
Raising Awareness
Kewell actively promoteswater conservation throu-gh educational initiativesthat are designed to enh-ance the awareness of wa-ter conservation.
The Company conducts regularmaintenance and inspections ofwater-consuming facilities toensure efficient operation, pre-venting leaks and inefficienciesthat could lead to waste.
Water Conservation Initiatives
H2H2
4344
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Kewell is strategically positioning itself across theentire value chain, continuously strengthening thecore competitiveness of its products and servicesthrough technological innovation and industryupgrading. The Company also emphasizes resourceintegration and optimization, ensuring seamlesscollaboration from raw material sourcing to end-userservice. This integrated approach guarantees the highquality and efficiency of both products and services,advancing the value chain towards greatereffectiveness and coordination.
Innovation-Driven DevelopmentFocus on Both Quality and SeiceResponsible Supply ChainStrengthening Data Security Framework
Leading in Testing Te-chnology and DrivingEnergy Innovation
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Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Innovation-Driven Development
Governance
Kewell is committed to the principles of independent research, development and innovation. The Company has established a comprehensiveR&D system and process. Through capability building and enhancement of its internal R&D team and deepened industry-university-research collaboration, the Company endeavors to effectively address potential risks in the R&D process, ensure the efficiency of R&Dactivities and drive technological innovation and commercialization of research outcomes.
R&D System
R&D Team
Ceications
Kewell has developed and implemented guidelines such astheDesign and Development Control Proceduresand theNew Product Development Control Procedures to stan-dardize the design and development processes and clearlydefine the roles and responsibilities of all functions,ensuring that product quality aligns with customerrequirements and industry standards.
Kewell places a strong emphasis on the development of its R&D team. The core members of the team have extensive expertiseand years of experience in the programmable power supply sector, with in-depth knowledge of technological advancements,industry applications and corporate management within this field. In addition, Kewell has successfully attracted leading industryexperts and professionals with extensive application experience, providing significant support for the Company's ongoing productR&D efforts.
Kewell has received several prestigious honors, including recognition as a National High-Tech Enterprise, one of the fourth batchof National “Little Giant” Enterprise that Produces Novel and Unique Products, and Technological Innovation DemonstrationEnterprise in Anhui Province. The Company also possesses several key research and development qualifications, such as Post-Doctoral Research Station in Anhui Province, Industrial Design Center in Anhui Province, Enterprise Technology Center in AnhuiProvince, and Provincial Engineering Research Center in Anhui Province. These certifications provide strong support for theCompany’s long-term growth and its position as an industry leader.The Company has adopted the Integrated ProductDevelopment (IPD) methodology, which combines insightsfrom market research, customer feedback, analysis ofnational policy trends, forward-looking topics andcollaborative research with universities to assess and initiateR&D projects. This approach ensures that R&D projects areprecisely aligned with market needs and are executed withhigh efficiency.
IPD Framework
Product StrategyMarket InsightsCustomer FeedbackCompetitive IntelligenceTechnology TrendsProduct Pofolio
Market Management ProcessProduct Strategy
Integrated Portfolio Management Team (IPMT)
√√√√
IPD Process
MarketUnder-standi-ng
PortfolioAnalysisMarketSegm-entation
Segmen-tationSt-rategicPlanningBusiness Pl-an Integrati-on and Opt-imization
Concept-ualization
Best-in-ClassSub-processes
PerformanceManagement
IPD ToolsKPI System Based on Strategy
and Process
Shared Tools (Business, Technology)
Project ManagementQuality Management
Configuration and Change ControlDocument Management
Technical ReviewRequirements Management Pipeline Management
CBB—ReusabilitySoftware/Hardware Design
PlanningDevelopmentValidationRelease
LifecycleManagement
Segmentation and Peormance Evaluation
Platform and Technology Development
PDT
PMT
TDT
National High-Tech Enterprise
Enterprise Technology Center in Anhui Province
Hydrogen Fuel Cell Test Equipment EngineeringResearch Center in Anhui Province
Post-Doctoral Research Station in Anhui Province
Top 50 Specialized and Sophisticated Enterprise that Produces Novel and Unique Products in Anhui Province
Industrial Design Center in Anhui Province
Procurement and Outsourcing Management
4748
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance RepoStrategy
Metrics and Targets
Management of Impacts, Risks and Oppounities
Risk/Oppo-rtuni-ty
TypeDescription
Fina-ncial Impa-ctImpactPeriod
Seve-rityPossibili-ty
AectedValueChainSegments
Responses
Risks
Policy andregulatory
risk
The Company must ensure that all R&Dand business activities comply withapplicable laws and regulations. Non-compliance could lead to penalties,lawsuits and other legal consequences.
Increasedcompli-ancecosts
Short-term
LowLowOperations
Actively monitor changes in na-tional and local policies andregu-lations, promptly interpretnew laws, and provide ongoingtraining for relevant personnel.Technologyrisk
The development of new products istimeconsuming and inherently un-certain, with potential risks includingfailure to meet expectations or theintroduction of non-competitive pro-ducts, which could negatively impactthe Company’s performance.
Increasedoperating
costs
Short-termMediumLowOperations
Streamline R&D process to im-prove efficiency and success ra-tes; stay informed on emergingtechnological trends within theindustry.Organiza-tional risk
The Company operates in a talent-intensive sector, where the competitionfor skilled technical personnel isescalating. This creates the risk oftalent outflow.
Increasedoperatingcosts
Short-term
LowLowOperations
Implement multi-tiered, dive-rsified incentives and strengthenengagement with the mana-gement and the core technicalteam.
Opport-unity
Technologicalinnovationand marketleadership
By driving technological innovationand developing proprietary coretechnologies, the Company can es-tablish a dominant position in themarket.
Increasedrevenue
Long-termMediumHigh
OperationsDownstream
Attract and recruit leading in-dustry experts and professionalswith extensive application ex-pertise; foster collaborations wi-th research institutions anduniversities, and actively partici-pate in industry forums andexchanges.Industrialupgradingandtransform-
ation
By introducing new technologies, pro-cesses and management approaches,the Company can help drive theindustry towards higher-end, smarterand more sustainable development.
Decreas-edoperating costs
Long-termMediumHighOperations
Continue to boost R&D inve-stments and actively integratenew technologies into oper-ations.
Kewell is dedicated to systematically identifying variousrisks throughout the R&D process to ensure earlydetection and effective mitigation of potential issues.The Company implements a diverse range of riskmitigation strategies to maintain the stability andcontinuity of its R&D activities.
Kewell has set clear and measurable R&D objectives, increasing investments in key projects, particularly in the areas of new energy andpower electronics. The Company is focused on advancing its core technologies while staying attuned to market demands to accelerate thecommercialization of research breakthroughs.
We employ various methods to gather andanalyze information on R&D projects, ide-ntifying potential risks such as delays inproduct development or the loss of keytechnical talent.
Risks are assessed in terms of theirpotential impact on project progress,costs and other critical factors.
Mitigation strategies are put in place,including refining R&D plans, streng-thening team training and instituting riskmonitoring throughout the R&D processto minimize both the Possibility andimpact of risks.
Risk Identication
Number of R&D Personnel by EducationNumber of R&D Personnel by Age
Number of Granted Patents by Type
Number of Other Intellectual PropeyRisk Assessment
Risk Mitigation
Risk Management Process
Below associatedegree
Bachelor’sdegree
Master's degreeand above
Granted Invention Patents
Total Software Copyrights73
Granted Design Patents
Granted Utility Model Patents 222
Under 30 years old(excluding 30)40 years old and above
30-40 years old (including30, excluding 40)
4950
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Innovation-Driving Initiatives
R&D Incentives
R&D Panerships
Kewell fosters a culture of innovation by actively encouraging employees to pursue patentapplications. To support this, the Company has established thePatent Incentive Regulationswhichstandardize the process of technology commercialization and clearly define the criteria, standardsand principles for rewarding employees. During the reporting period, the Company introducedincentives for the A2000 and battery cell projects, offering bonuses to motivate employees andenhance their creativity. This initiative contributes to strengthening the Company's corecompetitiveness.
Kewell is committed to forging strong partnerships with leading industry players, renowneduniversities and research institutions. Through these collaborations, the Company explores emergingindustry trends and accelerates technological innovation. The Company engages in forward-thinking technological and theoretical research and has strengthened its innovation capacity bypartnering with universities such as Hefei University of Technology, Tsinghua University, HuazhongUniversity of Science and Technology, and Nanjing University of Science and Technology. In addition,the Company works closely with customers across different sectors to better align productdevelopment with market needs, significantly shortening the product development cycle.
In July 2024, Kewell signed a strategic cooperation agreement with CHN Energy Hydrogen Energy Technology Co., Ltd. inYijinhuoluo County, Erdos City, Inner Mongolia. Underpinned by mutual trust, both parties leveraged their respective resourcesto collaborate on demonstration projects. This partnership aims to enhance testing capabilities for key green hydrogenequipment, such as water electrolysis hydrogen production systems, and to accelerate the commercialization of testing andcertification services for critical hydrogen energy technologies.
CaseKewell Enters into Strategic Panership with CHN Energy
Strategic Partnership Agreement Signing Ceremony
R&D Plan2024
Total Granted Patents:
Total R&D Team Size
Total R&D Investment: RMB
78.9267million
Total Patent Applications:
2024
As a percentage of totalworkforce:
38.69%
As a percentage of totalrevenue:
16.50%
Increase R&D investment
Enhance R&D team capabilities
Boost patent applications and
drive commercialization of
innovations
5152
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
As a leader in China’s testing equipment sector, Kewell has capitalized on the robust growth of the domestic industrial market andrapid technological advancements to develop strategies for testing equipment and smart manufacturing solutions tailored to variousindustries. During the reporting period, Kewell achieved notable technological breakthroughs in areas such as programmable powersupplies, hydrogen energy testing and intelligent manufacturing equipment, and power semiconductor testing and intelligentmanufacturing equipment.
In May 2024, Kewell’s high-power standardized testing power supply, the D2000 Series Bi-directional Programmable DC PowerSupply, successfully passed rigorous testing by T?V Rheinland and earned CE certification. This milestone serves as a strongendorsement of Kewell’s commitment to product quality and safety, as well as its excellence in technological innovation andquality control. Moving forward, Kewell will remain focused on advancing technology while maintaining stringent quality standardsto meet the diverse testing demands of various industries.
In July 2024, Kewell contributed to the successful completion of the first major technical equipment project in the energy sector,which passed the mid-term assessment by the Ministry of Science and Technology. In this project, Kewell’s Daxing HydrogenEnergy Laboratory played a crucial role in equipment validation, leveraging its expertise in test equipment verification to helpCHN Energy meet key project deadlines and ensure the timely acceptance of critical equipment. This project’s successfulexecution significantly enhanced Kewell’s capabilities in equipment manufacturing and validation, while also supporting nationalefforts to drive innovation and industrial application in energy technology.
Kewell’s D2000 Series Programmable Power SupplyReceives CE Ceication
Kewell’s Daxing Hydrogen Energy Laborato SupposEquipment Evaluation
CE Certification
100kW PEM High-PressureElectrolyzer Test System De-veloped by Kewell’s DaxingHydrogen Energy Laboratory
In August 2024, Kewell’s D2000 Series High-Precision Bi-directional DC Power Supply and MX300D Series IGBT Dynamic TestSystem were honored with the prestigious Red Dot Design Award for their cutting-edge design and performance. This recognitionunderscores Kewell’s commitment to industrial design innovation. Looking ahead, Kewell will continue to set new benchmarks inthe design of testing equipment, enhancing customer experiences, while driving ongoing advancements in product performance.
Kewell’s Testing Products Win Red Dot Award
Testing Products Win Red Dot Award
Technological Innovation Achievements
Case
Case
Case
5354
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Kewell remains committed to fostering a high-caliber R&D team by regularly offering professional training opportunities. Thesetraining sessions are designed to enhance employee expertise, expand their knowledge base and encourage creative problem-solving, thereby driving the Company’s sustainable growth.
Kewell actively participates in industry exchanges through conferences, exhibitions and other events, sharing technologicaladvancements to foster growth within the sector. The Company is also committed to shaping and refining industry standards bycollaborating with partners to explore emerging trends and contributing to the long-term sustainability of the industry.
In May 2024, Kewell’s Hydrogen EnergyDivision hosted a seminar for R&D andproject management teams focused onpractical approaches to reducing productcosts. The session helped deepen par-ticipants’ understanding of cost-redu-ction techniques, particularly the impo-rtance of lean methodologies. Thisinitiative is instrumental in laying thegroundwork for Kewell’s ongoing pursuitof high-quality development.
In March 2024, Kewell joined nearly 300 companies fromacross the hydrogen energy industry chain—includingproduction, storage, transportation, processing andutilization—at the Hydrogen Energy & Fuel Cells ExpoChina 2024. At this event, Kewell showcased its E500Series Electrolyzer Single-Cell Test System, capable oftesting single cells and materials for various electrolyzertypes, including PEM, ALK and AEM. This presentationhighlighted Kewell’s technological leadership and itscommitment to driving the advancement of thehydrogen energy industry.
Exploring Eective Approaches toReducing Product Costs
Kewell Unveils Hydrogen Testing Solutions atIndust Exhibition
Seminar on Effective Approaches to Reducing Product Costs
Intellectual Property Compliance ManagementSystem Certification
National Intellectual Property AdvantageousEnterprise
Pilot Base for Trade Secret Protection Innovation inAnhui Province (Contact Point)Hydrogen Energy & Fuel Cells Expo China 2024
Intellectual Propey Protection
Kewell places significant importance on the protection ofintellectual property, ensuring strict compliance with laws andregulations such as the
Patent Law of the People's Republic ofChina,theCopyright Law of the People's Republic of Chinaand theTrademark Law of the People's Republic of China.TheCompany has developed a comprehensive intellectual pro-perty management system, which includes policies such as theIntellectual Property Management System Policy, PatentManagement Policy, Trademark Management PolicyandIntellectual Property Control Procedures for Research andDevelopment Activities.These frameworks ensure systematicmanagement across all stages of intellectual property, inclu-ding evaluation, search, filing and ownership determination.The Company’s Internal Audit Department oversees inte-llectual property management and has established a dedicatedIntellectual Property Team, staffed with experts responsiblefor the creation and implementation of intellectual propertypolicies. This team coordinates the application, management,protection and contract review. Additionally, the Internal AuditDepartment employs specialized roles in patent, trademarkand trade secret management. Each team member isresponsible for overseeing intellectual property in theirrespective domains. As of the end of the reporting period,Kewell has obtained certification for its intellectual propertycompliance management system and has been recognized asa National Intellectual Property Advantageous Enterprise, aswell as a Pilot Base for Trade Secret Protection Innovation inAnhui Province (Contact Point).
Case
Case
R&D Training
Advancing Indust Development
Intellectual Propey Management Framework
5556
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Kewell has established theControl Procedures for Intellectual Property Risk Managementto standardize the process of riskmanagement, aiming to proactively prevent or mitigate potential adverse effects on the Company. The Internal Audit Departmentoversees and monitors intellectual property risks associated with production & office equipment, software and products. Theyconduct thorough analyses of potential disputes and develop preventive measures to safeguard the Company’s intangible assets.
Kewell has developed a robustintellectual property protectionframework to ensure that its in-novations are securely protected.During the reporting period, theCompany engaged a third-partyfirm to conduct a patent infri-ngement search and analysis forthe Cell Charge/Discharge TestSystem project, resulting in a de-tailed infringement analysis rep-ort.
As a leading technology enterprise, Kewell recognizes the importance of technology ethics as a cornerstone of its development strategy. Inits R&D activities, the Company upholds the highest standards of scientific integrity, strictly preventing unethical practices such as datamanipulation, plagiarism or falsification, ensuring that its results are both credible and reliable. In the application of its products, Kewellminimizes potential risks to society and the environment to the greatest extent possible, safeguarding user rights and safety. By adheringto these principles, Kewell sets a benchmark for ethical practices in the industry, contributing to the advancement of technology for thegreater good of humanity.
Prior to procurement, the Company gathers inte-llectual property information related to the productsbeing purchased to avoid acquiring infringing goods;An annual audit is conducted to assess the softwareused across all departments.The Company evaluates the risk of office software pot-entially infringing on third-party intellectual pro-perty,assessing the likelihood and impact of any disputes.
The Company has developed a risk prevention plan, in-cluding solutions for addressing unauthorized softwareuse, and continuously tracks and verifies compliance.
In line with theIntellectual Property InformationResource Control Procedures,the Companycollects, classifies and analyzes intellectualproperty data related to its products to ensurecompliance and identify potential risks.Similarly, products with possible intellectual pro-perty implications are reviewed for potential le-gal conflicts and the associated risks.Intellectual property risk management strat-egies are proposed and, upon approval frommanagement representatives, are put into ac-tion.
Production & Oce Equipment and SoftwareProduct Monitoring
Risk Management Process
Intellectual Property Training
Intellectual Property and Trade Secrets PromotionIntellectual Property Protection Measures
Monitor and protect the Co-mpany’s trademarks, pat-ents, domain names andtrade names to prevent una-uthorized registrations bythird parties.Engage external inte-llectual property legaladvisors to provideongoing legal counseland support in pr-otecting the Comp-any’s intellectual ass-ets.
Establish an intellectualproperty awareness andprotection fund to regu-larly provide training andpromote the importanceof intellectual propertyrights across the organ-ization.
Mandate that all departments colla-borate in monitoring the registrationstatus and protection of intellectualproperty.In the event of any infringement or suspectedinfringement, the Company follows guidance fromadministrative and judicial bodies and promptlysupports the Intellectual Property Department inresolving issues.
Technology Ethics
RiskIdentication
RiskAssessment
RiskMitigation
Actively pursuing registration,filing and confirmation of inte-llectual property rights; com-mercially valuable intellectual pro-perty that is not suitable for publicdisclosure is treated as trade secr-ets to safeguard its competitiveedge.
Intellectual Propey Risk Management
Intellectual Propey Protection Measures
5758
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Governance
Strategy
Management of Impacts, Risks and Oppounities
Kewell places product quality and safety at the forefront of its operations, adhering to national laws and regulations such as theLaw of thePeople’s Republic of China on Product Qualityand continuously enhancing its quality management system. The Company also implementsa comprehensive product lifecycle management approach, identifying and mitigating quality risks effectively, which in turn enhancesproduct quality, service standards and customer satisfaction. During the reporting period, no major quality-related incidents were reported.
Kewell actively monitors both internal and external factors influencing the quality management system, as well as the evolving demands ofstakeholders. The Company continuously identifies and assesses risks and opportunities, making timely adjustments to managementobjectives, performance metrics and operational processes to remain adaptable to change and drive continuous improvement. In addition,the Company has implemented a robust ROHS testing and monitoring framework to meticulously track the levels of harmful substances inproducts, ensuring compliance with ROHS environmental standards.
Monitor and review internaland external factors, track as-sociated risks and oppo-rtunities, including changes inlaws and regulations, local go-vernment mandates, industrystandards, product quality ca-pabilities, market dynamicsand customer demands.
Departments responsible foridentifying or managing risksconduct various evaluations toassess potential risks andopportunities, formulating str-ategies to mitigate, modify oraccept risks as necessary.
Based on evaluation outcom-es, relevant departments im-plement necessary actionsand regularly assess and verifythe effectiveness of these str-ategies.
Kewell embraces a quality policy of “Technological Innovation, Reliable Quality, Integrity and Customer Satisfaction”. The Company hasestablished a set of management procedures, including theQuality/Environmental/Occupational Health and Safety Management Manual,Product Monitoring and Measurement Control ProceduresandProcess Quality Management Policy.Quarterly internal audits of the qualitysystem are conducted to address any identified weaknesses and ensure continuous improvement. The Company has established a QualityCenter as the dedicated body for quality management, responsible for analyzing quality metrics, departmental planning and teamdevelopment, setting and overseeing departmental goals and KPIs, external communications, and quality cost analysis and control. TheQuality Center also plays a key coordinating role, ensuring that all departments actively engage in quality management efforts, therebyenhancing the overall quality of Kewell’s products.
During the repoing period
Kewell successfully passed its annual audit under the ISO 9001 QualityManagement System and was recognized as AAA-Rated Model Enterprisefor Quality and Credit in Anhui Province.
KPIS
Quality Center
Testing Center
Supplier Quality Management
Process and FactoryQuality Management
System and MeasuringControlQuality Engineering Management
Quality Department Organizational Chart
AAA-Rated Model Enterprise for Qualityand Credit in Anhui Province
Quality Management System Certificate
Risk/Opportunity Management Process
Risk/Oppor-
tunity
TypeDescription
Fina-ncialImpact
ImpactPeriod
Seve-
rity
Possi-bility
AffectedValueChainSegments
Responses
Risks
Policy andregulatoryrisk
The Company may face risks aris-ing from non-compliance withproduct safety standards or safetyincidents related to product de-fects, potentially resulting in legalactions, penalties or fines.
Increasedcompliance
costs
Short-term
LowLowOperations
Enhance product testing andcertification processes, andadjust manufacturing pra-ctices to comply with upda-ted regulations.Productionprocess risk
Equipment malfunctions or pro-cess-related issues during pro-duction could lead to productsfailing to meet established qualitystandards.
Increased
operatingcosts
Short-term
LowLowOperations
Streamline production pro-cesses and techniques, esta-blish a quality traceability sy-stem,and enhance employees’quality awareness.Oppor-tunity
Techno-logicalopportunity
The ongoing emergence of newte-chnologies, materials and pro-cesses provides technical supportfor the Company to enhanceproduct safety and quality.
Increased
revenue
Long-term
MediumHigh
OperationsDownstr-
eam
Integrate cutting-edge tech-nologies to develop safer,more efficient, and higher-quality products, and imp-lement a digital quality man-agement platform.
Risk/Opportunity IdentificationRisk/Opportunity AssessmentRisk/Opportunity Management
Focus on Both Quality and Seice
5960
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Metrics and Targets
Quality Management Measures
Kewell has developed theObjectives, Metrics and ManagementPlan Control Procedures, which integrate legal and regulatoryrequirements, corporate management policies, key environmentaland safety factors and stakeholder expectations to establish clearproduct quality goals. These efforts ensure the continuousenhancement of product quality and the ongoing evolution of theCompany’s quality management practices.
Product Quality
KPISFrequency of internal qualityaudits2Times
Total quality training sessions
27Sessions
Quality training participants
254Person-times
Product recall volume
0PcsTotal quality training hours
282.5Hours
Quality Targets
First-pass product delivery acceptancerate ≥ 98%Customer satisfaction ≥ 95%
Status
Lifecycle Management
Quality Training
Kewell has established a robust set of procedures, including the ProductionProcess Control Procedures, Supplier QualityAccountability RegulationsandIncoming Inspection Standards,to cover every stage of the product lifecycle from raw materials tothe final shipment of finished products. These measures are designed to ensure both product quality consistency and efficientcustomer service.
At Kewell, we are committed to fostering a quality culture centered on the principles of “meeting customer requirements, getting itright the first time, striving for excellence, and continuous improvement”. The Company has developed an annual training plan,tailored to the specific needs of each quality department, providing both technical knowledge and skill development. Additionally, aperformance-driven incentive system has been introduced to ensure continuous improvement in employee capabilities and overallwork quality.
RequirementsCommunication
Production PreparationProduction ControlTesting
ShippingThe Company organiz-es cross-departmentalreviews to ensure thatcustomer requiremen-ts, such as technicalspecifications and deli-very deadlines, are re-alistic and achievable.
Production schedules aredeveloped, necessary mat-erials are procured andMRP requrements are gen-erated;Incoming materials are ins-pected according to theProduct Monitoring andMeasurement Control Pro-cedures. Acceptable mat-erials are stored, while de-fective materials aremanaged in accordancewith theNon-ConformingControl Procedures.
Production orders are is-sued, work orders andBOMs are prepared, andmaterials are delivered tothe production floor;Operators perform self-inspections while design-ated personnel conduct on-the-oor checks, ident-ifyingand addressing any qualityissues as they arise.
The product undergoesvisual and wiring inspe-ctions;Once the initial tests arepassed, additional tes-ts—such as load testing,performance checks andaging tests—are cond-ucted;After testing, shippingdocuments are reviewed,and the Quality Dep-artment performs finalchecks before shipping.
The shipping order is pre-pared based on deliverydeadlines, with transpo-rtation arranged and pro-duction notified for pac-kaging;Before packaging begins,finished products are ins-pected, and all packagingprocedures are followedaccording to theProcessStandards for Packagingand Storage of FinishedProductand theProductNameplate and LabelingProcess Standards. Nec-essary shipping docu-mentation is also pr-epared.
In May 2024, the Purchasing Departmentheld an online product knowledge trainingsession on DC and AC power supplies inKewell’s conference room. The trainingcontent covers the operating principles,applications, technical specifications andmarket trends of DC and AC powersupplies, aiming at deepening theprocurement team’s understanding ofthese power supplies. This training notonly deepened the procurement team’sknowledge about DC and AC powersupplies but also strengthened qualitycontrol in the procurement process.
In April 2024, Kewell conducted a qualitymanagement awareness training session,where the head of the Quality Centershared key insights into quality mana-gement systems, process managementand quality control standards. This sessionprovided employees with a deeper unde-rstanding of quality management stand-ards and processes and emphasized thecritical role of controlling input factors toensure product quality. It also underscoredthe importance of strengthening qualitymanagement within the procurementprocess to maintain the high quality andreliability of products and services.
Case
Case
Product Knowledge Training
Quality Management AwarenessTraining
Product Knowledge Training
Quality Management Awareness Training
6162
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Protection of Customer Rights and Interests
Customer Satisfaction
Customer Seice Training
Kewell upholds its service philosophy of “Serving with a Smile,Innovating with Integrity” by implementing clear guidelines, includingtheCustomer Service Process Control Proceduresand thePowerSupply Division Customer Service Standards. These frameworksstandardize everyday service practices and workflows, ensuring thatcustomers receive reliable, prompt, efficient and comprehensivesupport. As a crucial bridge between the Company and its customers,the Customer Service Department is responsible for handling bothon-site and remote support for delivered products, verifying serviceconditions and gathering customer feedback. This ongoing feedbackloop allows the department to continuously refine service processes,ensuring that customer satisfaction remains a top priority.
Kewell has established theCustomer Feedback Management Guidelinesand theGuidelines of Power Supply Division for CustomerService Issue Classification and Handlingto address customer concerns effectively and prevent recurring issues. Complaints areclassified into three levels based on urgency and scope and are managed accordingly to improve customer satisfaction.
The Customer Service Department has introduced amonthly incentive and assessment mechanismwhich clearly defines performance criteria,evaluation components and point accumulationrules. Customer service engineers who disagree withtheir evaluation results can file an appeal with theCustomer Service Department, which guarantees aresponse within three business days. The departmentalso routinely collects input from engineers toimprove the assessment framework, ensuring it isboth fair and scientifically grounded.
Kewell has established theCustomer Satisfaction Survey Control Proceduresto ensure that all surveys are conducted in an objectiveand effective manner. The Company regularly conducts online surveys that evaluate various aspects of customer satisfaction,including product quality, delivery timeliness, issue resolution effectiveness and overall service experience. These surveys provideinvaluable insights into customer needs and expectations.
Kewell places a strong emphasis on building a skilled customer service team. Regular training sessions are held to enhance theirprofessional competencies. Additionally, the Company has established clear training objectives and performance evaluation criteriafor new hires to ensure they are equipped to deliver superior service and enhance customer satisfaction.
On-Site TaskHandling Efficiency
Remote TechnicalSupport Efficiency
TeamworkSkills
Compliance inMaterial HandlingTimeliness andAccuracy ofProcess Forms
Travel time + on-site
service hours
Remote support hours
Deductions for discrepanciesbased on random checks
Management hours
Deductions for non-compliance
based on random checksAssessment Criteria
Customer FeedbackProcess
The Customer Service Dep-artment confirms and trackscustomer-reported issues uponreceipt
The Customer Service Depa-rtment analyzes the causesand monitors the handlingprogress
After implementing a solution,the Customer Service Dep-artment performs on-site vali-dation and collects additionalcustomer feedback to ensurecomplete resolution
Feedback ReceptionIssue HandlingClosure Verification
In August 2024, the Power Supply Division Customer Service Department held a business etiquette training session, coveringtopics such as professional image, communication etiquette and dining manners. This initiative was designed to elevate theoverall professionalism of the customer service team, enabling them to provide an even better service to customers andpositively impact on the Company’s image.
Business Etiquette Training
Business Etiquette Training
After-Sales Seice Management
Customer Complaints
Case
6364
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Responsible Supply Chain
Governance
Management of Impacts, Risks and Oppounities
Metrics and TargetsStrategy
Kewell is committed to building an efficient, transparent and equitable supply chain management system. By leveraging refined managementpractices and a skilled team, the Company continuously enhances its supply chain management capabilities. Additionally, Kewell maintainsa strong focus on risk management across the supply chain, constantly strengthening its ability to identify and mitigate potential risks. TheCompany also places great importance on ESG practices within the supply chain, collaborating with suppliers to promote sustainability whilestrictly adhering to ethical procurement policies to safeguard the stability of the supply chain.
Kewell consistently priorit-izes
supplier risk manage-ment,
continuously enhancing its ca-
pacity for risk identication,
assessment and mitigation to
ensure seamless supply chain
operations and safeguard the
Company’s core competitive
advantage.
Kewell is committed to building enduring, stable relationships with suppliers. By setting clear supplier management objectives, we fostermutual growth and enhance the competitiveness of the entire supply chain.
Kewell has implemented a range of policies, including theProcurement Control Proceduresand theSupplier Management Procedures, tostandardize procurement and supplier management processes, ensuring consistent supplier quality and improved procurement efficiency.The Purchasing Department is responsible for managing supplier onboarding, evaluation and ongoing oversight. The team is highly qualified,with members holding international certifications such as Certified Professional Purchaser (CPP) and Certified Professional PurchasingManager (CPPM), underscoring the team’s global expertise and operational efficiency. This expertise provides robust support for theCompany’s supply chain management.
Certified Professional Purchaser (CPP)Certified Professional Purchasing Manager (CPPM)
Risk Management Process
Risk/Oppor-tunity
TypeDescription
Fina-ncialImpact
ImpactPeriod
Seve-rityPossi-bility
AffectedValue ChainSegments
Responses
Risks
Supplierdisrup-
tion
Disruptions in material supply couldlead to production halts, delayed ordersor an inability to fulfill contracts.
Increasedoperatingcosts
Short-term
LowLow
Upstream
Operati-onsEstablish a diversified supplier net-work to reduce reliance on a singlesupplier.Risingrawmaterialprices
The Company relies on domesticrepresentative/distributors for cert-ain core materials sourced from int-ernational suppliers. Trade tensionsor restrictions may limit sourcingfrom overseas manufacturers, lea-ding to higher costs and potentialde-lays in R&D and production.
Increasedoperatingcosts
Short-termMedi-um
Low
Upstream
Operati-onsBuild long-term, stable partnershipswith key suppliers, strengthen inter-nal processes, enhance productionefficiency, and optimize raw materialusage.
Opport-unity
GreensupplychainActively promote the procure-ment of environmentally frie-ndly raw materials and pack-aging to enhance the Company’scompetitiveness.
Decreasedoperatingcosts
Long-term
LowHigh
Upstream
Operati-onsPrioritize environmental sustainabilitywhen selecting suppliers for raw ma-terials and packaging, and encouragesuppliers to obtain certifications forenvironmental management systemsto ensure a greener, more sustainablesupply chain.
We regularly gatherand analyze supplier-related data to com-prehensively identifypotential risks, includ-ing, but not limited to,pricing fluctuationsand supply chain disr-uptions, ensuring thatno factor that coulddestabilize the supplychain is overlooked.
By evaluating both theprobability and pote-ntial impact of ident-ified risks, we apply asystematic approachto prioritize and add-ress those with themost significant busi-ness implications.
A multi-tiered appro-ach is adopted to ma-nage risks of varyinglevels. For high-risksuppliers, we imple-ment enhanced mo-nitoring and establishcontingency plans toensure swift actionwhen risks materialize.
Risk IdentificationRisk AssessmentRisk Mitigation
KPIs
Total number of suppliers
Supplier Integrity Commitment signing rate100%Central China
Southwest China
East China
North China
South China
Suppliers with quality managementsystem certification
Suppliers with occupational health and safetymanagement system certification
Suppliers with environmentalmanagement system certification
6566
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Supplier Lifecycle Management
Sustainable Supply Chain Development
Equal Treatment of SMEs
Kewell has established a robust lifecycle management system for suppliers, encompassing onboarding, evaluation and exit processes. Thisensures that suppliers meet the Company’s stringent quality standards and service requirements, thereby ensuring the stability of oursupply chain and the reliability of our products.
Kewell has developed a comprehensive supplier onboarding process that includes qualification review, DUT validation and on-siteaudit, among others. This process ensures that suppliers can deliver high-quality products and maintain reliable supply capabilities,fostering long-term partnerships and mutual growth.
Sales orders or research projects involving new suppliers or new brands from existingsuppliers.Necessary qualification materials (e.g., quality management system certificates,ROHS reports, Integrity Agreements, etc.) are gathered to verify the completenessand authenticity of documentation and assess the supplier’s technical capabilities;Suppliers are required to maintain valid certifications. If certifications are foundduring audits to have expired, suppliers must update and submit valid certificateswithin two months, or they risk being disqualified from procurement;Suppliers are evaluated on six criteria: quality assurance, material pricing, deliveryschedule, service responsiveness, overall capabilities and commercial reputation. Atotal score below 60 will result in disqualification.Suppliers are assessed from the aspects of business size, cost structure, supplycapacity, technical capability, quality management systems and quality controlmeasures, along with on-site technical discussions.The requesting department must initiate the DUT Request Form for approval throughthe OA system.Submit Small Batch verification request → Provide feedback on verification timing →Organize Small Batch verification and issue conclusions → Obtain signatures frominvolved personnel → Approval of verification.Successful development leads to the inclusion of the supplier in either theApprovedSupplier ListorTemporary Supplier List.
DevelopmentRequirements
Qualification Review
On-Site Audit
DUT Validation
Small Batch Verification
Closure
To comprehensively evaluate supplier performance, Kewell has developed a rigorous assessment framework that evaluates suppliersacross four key areas: pricing, quality, delivery and cooperation. Based on performance results, suppliers are categorized into one offour levels.
Kewell is committed to robust ESG management acrossits supply chain, collaborating with suppliers under theguiding principles of “quality first, mutual benefit andshared growth”. The Company formalizes thiscommitment by entering into Quality and EnvironmentalAssurance Agreements with its suppliers, requestingthat all products meet full compliance with EU ROHSstandards. Suppliers are also required to adhere tonational, regional and industry-specific regulationsregarding environmental protection, occupationalhealth and safety, fostering the long-term sustainabilityof the entire supply chain.
Kewell is steadfast in upholding the principle of fairness and equality for all partners, ensuring that all companies, particularly small andmedium-sized enterprises (SMEs), are afforded equal opportunities in business relationships. To support their growth, Kewell implementsmeasures such as timely payment guarantees, reasonable allocation of orders and essential training. These efforts contribute to the broadergoal of promoting sustainable economic development. During the reporting period, the Company maintained healthy financial practices,with no accounts payable (including notes payable) exceeding RMB 30 billion or comprising more than 50% of total assets.
In a firm stance against all forms of commercial bribery,Kewell has signed the Integrity Agreement with itssuppliers, which establishes clear ethical guidelines forboth parties to follow in their business interactions. Thisagreement explicitly prohibits suppliers from offeringany form of improper benefit to Kewell employees,ensuring transparency and fairness in procurementactivities. This initiative promotes a collaborativeenvironment that is fair, healthy and well-regulated.
A
B
C
D
85-100
70-84
60-69
≤59
Exceptional suppliers may see anincrease in procurement volume
Suppliers requiring improvementwill receive guidance and mayface reduced or suspended pr-ocurement
Satisfactory suppliers will continue tobe considered for procurement
Non-compliant suppliers willbe removed from the ApprovedSupplier List
Supplier Onboarding and Evaluation
Supplier Evaluation and Exit
ESG Management Across the Supply ChainEthical Procurement
6768
Leading in Testing Technology and Driving Energy InnovationKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Strengthening Data Security Framework
Governance
Management ofImpacts, Risks and Opportunities
Data ManagementMeasures
Kewell fully complies with relevant data protection laws, such asthe DataSecurity Law of the People's Republic of Chinaand theCybersecurity Lawof the People's Republic of China. In alignment with these regulations, theCompany has established comprehensive policies, including theInformation Security Management Policy and theInformation SystemsService Management Regulations,to govern its information securitypractices. These policies outline clear procedures for reporting systemissues and submitting service requests, thereby enhancing the Company’soverall information security framework. The Information Department isresponsible for managing server rooms, maintaining information systems,backing up data, and conducting routine system checks. Kewell hasearned the Big Data Enterprise Certification of Anhui Province, whichremains valid throughout the reporting period. During this period, therewere no incidents of data breaches or customer privacy violations.
Kewell has implemented a robust suite of measures to ensure the security, integrity and reliability of its data management practices. Inaddition, the Company organizes regular training sessions on data security to continually enhance employees’ skills in safeguarding criticalinformation.
Kewell has developed theInformation Security Incident Response Planto ensure the ongoing operation of the Company’s network andbusiness data. This plan establishes an effective emergency mechanism for information systems, detailing standardized procedures forhandling potential issues such as server room failures, network disruptions, data center failures, system network attacks and servermalfunctions. An emergency response team has been designated as the primary point of contact in the event of a security incident, ensuringthat emergency protocols can be swiftly activated and that coordination during such emergencies remains seamless.While adhering to the principle of “early detection, early reporting and early resolution”, the Company continually enhances its monitoring,early-warning and management systems for critical information systems and network security incidents to ensure timely and efficientresponses. Additionally, a designated chain of responsibility is in place to ensure uninterrupted communication during emergencies.
Big Data Enterprise Certification of Anhui Province
Emergency Preparedness Measures
Data Management Measures
Emergency DrillsSta TrainingFile BackupsEquipment Redundancy
Security ProductDeployment
Conduct regular da-ta security emerg-ency drills to evalua-te and refine theeffectiveness of res-ponse plans.
Provide ongoing da-ta security trainingto relevant personn-el, ensuring they areequipped with thenecessary skills andknowledge to handleemergencies effec-tively.
Regularly back upcritical data and ma-intain secure backupfiles for system anddatabase resources.
Implement redunda-ncy designs in theplanning of criticalequipment, usingmulti-layered archi-tectures and reliab-ility technologies toensure system re-silience.
Perform periodic riskassessments anddeploy security pro-ducts and hardwareto address vulnera-bilities and strengt-hen data security.
Enforce a unified Internet access policy and conduct security checks for any new,modified or revoked Internet access configurations in compliance with companystandards;Block access to websites that pose a risk to network security or violate applicablelaws and regulations;Regularly perform vulnerability scans and security assessments to ensure thenetwork is protected against potential threats.Establish dedicated server rooms for the storage of critical computer hardware,ensuring all devices are properly configured, commissioned and protected frompotential risks such as viruses;Prohibit unauthorized installation, disassembly or loaning of computer hardware.
Require registration for all access to server rooms, restricting entry to authorizedpersonnel only;Prohibit the entry of hazardous materials into server rooms;Conduct daily inspections of server rooms, documenting environmental conditionsand equipment performance.
Implement physical isolation for information systems, ensuring access is controlledvia VPNs and strict permissions management;Restrict changes to hardware configurations and software parameters;Ensure proper disposal or transfer of valuable and sensitive data from outdatedsystems.
Enforce rigorous approval processes for data usage and the handling of storagemedia, including transfer, disposals and destruction;Ensure data is backed up before any recovery or cleanup procedures and developarchiving strategies for long-term data preservation.
Allocate and adjust system permissions carefully to prevent unauthorized access oractions.
Network Security
Computer Usage
Management
Seer RoomManagement
Information SystemSecurity
Data Security
System AccessManagement
6970
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Kewell sticks to a people-oriented philosophy, fullyrespecting and safeguarding the fundamental rightsof employees. We strive to balance work and life whileoffering a comprehensive training system and clearcareer pathways. We encourage employees to harnesstheir individual strengths, cultivating a workenvironment that is fair, just, healthy and safe. Byworking in partnership with employees, Kewell fosterssustainable and healthy growth for the Company.
Employees’ Rights ProtectionEmployee Training and DevelopmentSafeguarding Health and SafetyCommitment to Public Welfare
Valuing Employeesand Building a BetterWorkplace Together
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Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Employees’ RightsProtection
Compliant and Fair Employment
Compliance with Labor Standards
Kewell is guided by the principles of fairness, justice, transparency,open competition and merit-based selection in its recruitmentpractices. The Company adheres strictly to the provisions outlinedin the LaborLaw of the People’s Republic of Chinaand theLaborContract Law of the People’s Republic of Chinaand has establishedtheHuman Resources Control Proceduresto standardize andregulate recruitment management. The Company implements arobust talent recruitment and selection system, using a combinationof campus recruitment, social recruitment and both online andoffline methods to attract and develop talent from diversebackgrounds.In terms of campus recruitment, we maintain strong partnershipswith universities such as the University of Science and Technologyof China and Hefei University of Technology. Through initiativessuch as campus presentations, job fairs and recruitment events, weconsistently attract high-caliber graduates. For social recruitment,we primarily utilize online channels, with supplemental on-site jobfairs, headhunting agencies and internal referrals. By leveraging bigdata and artificial intelligence, we’ve optimized our recruitmentprocess, ensuring precise candidate matching and expandingrecruitment avenues. This approach enhances team cohesion andeffectiveness, providing strong human resource support for theCompany’s stable growth.
Campus Presentation
New Employees by Gender
Employees by Age
Employees by Gender
New Employees by Age
KPIs
KPIs
Labor contract signing rate
100%
Total number ofemployees672Persons
Number of temporaryemployees107Persons
Number of part-timeemployees0Persons
Number of employeeswith disabilities0Persons
Number of new employees
232Persons
Under 30 years old147Persons
Under 30 years old(excluding 30)
30-40 years old (including30, excluding 40)40-50 years old (Including 40,excluding 50)70Persons
30-40 years old (Including 30,excluding 40)308Persons50 ( and above) years old4Persons
Number of employees from ethnic minorities
8Persons
Percentage of employees from ethnic minorities
1.19%
30-40 years old (Including 30, excluding 40)74Persons40-50 years old (Including 40, excluding 50)10Persons50 years old and above1Person
181Persons
51PersonsMale
Male
Female
Female
Kewell strictly adheres to relevant regulations such as theProvisions on the Prohibition of Using Child Labor of China and theDiscrimination (Employment and Occupation) Convention. The Company enforces equal pay for work of equal value and fullyrespects and values the individuality of its employees in key areas such as recruitment, training and promotion. We strongly opposeany form of discrimination based on gender, age, race, religion, disability or any other characteristic, ensuring fair and equitableopportunities for all employees. The Company is committed to cultivating a diverse and inclusive workplace.Kewell prohibits child labor and forced labor in any form. During the recruitment process, the Human Resources Department verifiesthe identity of every applicant at interviews, with particular attention paid to the authenticity of age details. During onboarding, asecond check is conducted to ensure age information is accurate. Candidates under the age of 16 are not hired in compliance withlegal standards, ensuring that the Company’s operations are in line with regulatory requirements. During the reporting period, theCompany reported no incidence of child labor or forced labor.
147525
46%
43%1%10%
50 (and above) years old40-50 years old (including40, excluding 50)
Diversity and Equal Oppounity
Under 30 years old (excluding 30)290Persons
7374
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
A total of
employees took maternity leave
Kewell complies with the provisions of theLaw on the Protection of Women's Rights and Interestsand other relevant legislation,rigorously implementing labor protection policies for female employees. The Company ensures that female staff receive legallymandated benefits including prenatal check-up leave, maternity leave and breastfeeding breaks, and has established baby careroom to support breastfeeding employees. During the reporting period, Kewell organized a successful International Women’s Dayevent themed “Flourishing in Beauty, Bold in Spirit”, providing female employees with opportunities to express themselves, relaxand engage in meaningful interaction. This initiative greatly encouraged women to embrace their passions for life and work.Kewell follows a philosophy of fairness and motivation in its compensationpractices, maintaining a dual approach that balances externalcompetitiveness with internal equity. The Company has designed a robustand scientifically grounded compensation and benefits system thatcarefully considers both the fundamental living needs of employees andtheir work-related motivations. This system ensures that employees’fundamental interests are effectively protected. Compensation consistsof a base salary, bonuses and equity incentives. The base salary iscomposed of a base pay, position allowances, confidentiality fees andvarious other allowances. The bonus structure includes monthly bonuses,annual bonuses and project-specific bonuses, all of which are directlylinked to both company performance and individual employeecontributions. This structure ensures that compensation remains fair,competitive and motivating, helping the Company attract and retain toptalent while driving the achievement of its broader organizational goals.Kewell employs a combination of the Balanced Scorecard (BSC) and Key Performance Indicators (KPI) to assess performance. At theorganizational level, BSC is used to conduct comprehensive evaluations, ensuring alignment with overall company objectives. On anindividual level, KPI assessments are used to evaluate employees' KPI in greater detail, ensuring individual goals are aligned with theCompany’s broader targets. After the performance evaluations, immediate superiors meet with employees for face-to-facefeedback sessions to discuss strengths, areas for improvement, and to develop actionable improvement plans. If an employeedisagrees with the performance evaluation, they may submit a written appeal (specifying reasons) within three days of the resultsbeing communicated, through the Company’s established appeal channels. The Human Resources Department or a specializedappeal team will review the matter and respond in writing within seven days of receiving the appeal.
Baby Care Room
Employee Compensation Structure
Performance Evaluation System
Women’s Day Event
KPIs
females represented
18.31%
of the Company’s management team
with a return-to-work rate of
75%
During the repoing period
Compensation and Benets
EmployeeCompensationStructure
EvaluationFrequencyEvaluation CriteriaEvaluation ProcessQuarterly performance reviews& annual performance assess-ments
Work performance, innovationand improvements, team colla-boration
Base Sala
Equity Incentives
Bonuses
Goal setting
Performance monitoring
and coaching
Evaluation and feedback
Appeal and result com-
munication
Protection of Women's Rights
Compensation Structure and Peormance Evaluation
7576
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
To support both individual development and the Company’s long-term growth, Kewell has created a comprehensive and multifacetedpackage of employee benefits. This package includes statutory benefits, inclusive benefits and special benefits, all designed toaddress the basic needs of employees while fostering a supportive and caring workplace.Social security and housing funds, high-temperature allowances, statutory holidays
Communication allowances, nightshift premiums, occupational healthassessments, expatriate allowances
Transportation allowances, wor-king meals & meal allowances,seniority bonuses and work ann-iversary recognition, holiday andbirthday benefits, condolence fu-nds, sickness and injury support,health check-ups, employer liab-ility insurance, departmental ev-ent funds, employee wellness pr-ograms, filial piety awards
Kewell introduced an equity incentive program to align the interests of employees with those of the Company’s shareholders, and toattract and retain top management and key business talent. In 2018, the Company established two employee stock ownershipplatforms—Hefei Hetu Equity Investment Partnership (Limited Partnership) and Hefei Jingkun Equity Investment Partnership (LimitedPartnership)—to implement the first phase of the equity incentive initiative. By the end of the reporting period, 69 employees heldshares, amounting to a total of 4,023,200 shares (excluding shares held by the Company’s controlling shareholders and actualcontrollers). In 2021, the Company launched its first post-listing restricted stock incentive plan, with the initial and reserved grantscompleted in June and December of that year. During the reporting period, the Company completed the vesting of the third trancheof the initial grant and the second tranche of the reserved grant, totaling 288,600 shares distributed among 73 employees. Thesecond tranche of the initial grant was fully paid for and verified in December 2023, with shares becoming tradable in January 2024,totaling 315,100 shares, held by 57 employees.On August 23, 2024, the Company’s Board of Directors approved a redemption plan, with an allocation of between RMB 20 millionand RMB 30 million of the Company’s own funds for future equity incentives or employee stock ownership plans. By the end of thereporting period, the Company had repurchased 438,791 shares, accounting for 0.5222% of its total share capital. The highestrepurchase price was RMB 34.10 per share, and the lowest was RMB 24.75 per share, with a total expenditure of RMB 11,816,745.20(excluding transaction fees such as stamp duty and commissions).
BenefitsPackage
StatutoBenets
SpecialBenets
InclusiveBenets
KPIs
the Company achieved100%social insurance coverage
with employees receiving an average of
5days of paid annual leave
the Company provided support to3 employees experiencing financialhardship.
During the repoing period
Employee Benets Package
Equity Incentives
Kewell continues to strengthen its democratic management framework, with the employee representative assembly serving as its core. TheCompany’s labor union oversees the preparation, convening and daily operations of the assembly, while also managing the receipt andresolution of employee complaints and suggestions. The labor union organizes a variety of activities to promote communication andstrengthen the connection between employees and the Company, ensuring that employee rights and interests are upheld. In addition, theCompany has established multiple communication channels, such as the “Kewell Voice” and employee discussion forums, to listen toemployee feedback and continuously refine its democratic management processes.
Negotiation is the preferred approach for resolving labor disputes. To ensure mutually beneficial solutions, Kewell has established astructured process for handling labor disputes. During the reporting period, no labor disputes were recorded.
Employee Discussion ForumsKewell Voice
Democratic Management
Labor Dispute Resolution
Negotiation
LitigationArbitration
Employees and employers may engage indirect negotiations, with the involvement ofthe labor union or a third party if needed.Both parties present their facts, reasons andclaims to reach a mutually agreeable sol-ution.
If either party disagrees with the arbitrationaward, they may file a lawsuit within 15days. The court will process the case, hold atrial and issue a final judgment.
Mediation
If negotiation fails, either party can request me-diation from the Company’s labor dispute com-mittee, local mediation organizations or mun-icipal mediation centers. A mediator facilitatescom-munication, and if a resolution is reached,both parties sign and implement the agreement.
If mediation fails or either party declines tomediate, arbitration can be requested thr-ough the county or municipal labor disputearbitration committee. A written application,along with supporting documentation, issubmitted, and an arbitration panel is formedto review the case and decide.
Dispute Resolution
Process
7778
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Employee Training and Development
Employee Training
Kewell adopts a balanced approach to talent management, valuing both capability and potential. The Company has developed aTraining ManagementPolicy that outlines the role of the Human Resources Department in leading training initiatives. The GeneralManager oversees the approval of the Company’s annual training plan, specialized training programs and external developmentopportunities. This comprehensive approach aims to enhance employees’ professional competencies, skills and leadershipcapabilities. Kewell places a high priority on talent development and has established an integrated training system that combinesboth internal and external resources. This system provides structured development paths for employees at various stages of theircareers, energizing the workforce and ensuring that employees can fully contribute to the Company’s success.
GrowthStages
Leadership training to enhance the strength of the legs, waist and head
On-the job training focused on business scenarios, job responsibilities and professional competencies
New Employee Induction + Offline Training
Leadership
Training
ProfessionalCompetence
Training
Marketing Talent
Development
R&D TalentDevelopment
Supply Chain TalentDevelopment
Customer Service Talent
DevelopmentProduct Market TalentDevelopment
CompanyDevelopment History
Specialized TracksBusiness Division
MarketingPower Supply
Division
R&DHydrogen EnergyDivision
Supply ChainPowerSemiconductorDivision
ProductionInternationalBusinessDepartment
Customer ServiceHanxianTechnologyHeadquarters FunctionsResearch InstituteProductDepartment
Quality CenterHuman ResourcesDepartment
Strategic InvestmentDepartmentInformationDepartment
Internal AuditDepartmentSecurities Division
FinanceDepartmentInfrastructure andEngineeringDepartment
MarketingDepartmentAdministrationDepartment
Corporate Culture
BusinessFundamentals
Professional Etiquetteand Conduct
Internal Processesand Policies
Finance TalentDevelopment
Human Resources TalentDevelopment
Digital and Information
Technology Talent
Development
Senior LeadershipDevelopment
Leade-
rship
In-Ser-
vice
Onboa-
rding
JuniorInstru-
ctor Certifi-cation
Interm-ediate Instr-
uctor Certifi-cation
Senior
Instr-
uctorCertifi-
cation
Profes-
sionalCertifi-
cation
Kewell Learning and Development Framework"Developing a Holistic Management Perspective", "Managerial Leadership andInfluence", "Financial Mastery for Non-Financial Managers: Driving Profit", "HumanResources Management for Non-HR Professionals", "Management Psychology:
Understanding Human Behavior and Enhancing Performance", "Cultivating Career-Oriented Mindsets in the Workplace"Middle LeadershipDevelopment
"From Team Manager to Exceptional Leader", "Effective Upward Communication:
Best Practices for Reporting", "Navigating Difficult Performance Conversations","Coaching for Success: Developing High-Performing Employees", "Team Activationand Collaborative Communication", "Building and Leading High-PerformanceTeams"Junior LeadershipDevelopment
"From Key Contributor to Team Manager", "Core Managerial Responsibilities andSkills", "Managing Team Resources and Overseeing Plan Execution", "EffectiveCross-Departmental Communication", "Resolving Conflicts and Fostering Coll-aboration", "Developing Effective Problem-Solving Solutions"
Employee ActivitiesTo boost employee morale and strengthen team cohesion and teamwork, Kewell remains committed to a people-centered managementapproach, actively planning and organizing a variety of engaging and creative employee activities.
Cultural and Social Events
Artistic and Cultural Evening Events
Employee Training Framework
7980
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Trainer DevelopmentTiered and Level-Based Training
To continuously enhance the capabilities of its internal trainers and optimize the integration and sharing of training resources, Kewellhas established theInternal Trainer Management Regulationsand successfully built a highly efficient team of internal trainers. Thisteam comprises 49 professionals with extensive expertise across various fields, significant experience and strong educationalbackgrounds. During the reporting period, the Company conducted specialized internal trainer training programs to foster bothemployee development and the broader growth of the Company.
Duration varies depending on the training content; ses-sions flexibly scheduled to meet employee needs andbusiness development.Duration varies from a few hours to several daysdepending on the topic; sessions flexibly scheduledbased on business needs and technical developments.Conducted monthly, 8 h/d, once per month.
Kewell has designed a comprehensive training framework tailored to the diverse needs of employees at various levels and in differentroles. Emphasizing the importance of evaluating and refining training effectiveness, the Company continuously adjusts its trainingprograms to meet both the growth needs of employees and the evolving requirements of the business.
In March 2024, Kewell launched its pilot Internal Trainer Lifecycle Program. This program, which involved both organizationalrecommendations and voluntary sign-ups, brought together 11 employees from various business divisions and functionaldepartments for a full-day co-creation session. Through collaborative activities, team reflections and other methods,participants completed learning of knowledge about key trainer competencies, thereby establishing a strong base for thecontinued development of internal trainers.
In November 2024, Kewell rolled out the “WelcomeAboard” onboarding program as planned, wel-coming 13 new employees from various businessdivisions and functional departments. The onb-oarding experience included four key components:
system and process orientation, business fund-amentals, office tours and team reflections,enhancing employees’ understanding of the Com-pany and its operations. This program not onlyequipped new employee with essential knowledgeand skills but also fostered a sense of belongingand care within the Company. Participants expr-essed their enthusiasm to apply what they hadlearned and contributed meaningfully to theCompany’s continued success.
Case
Case
Launch of the Internal Trainer Lifecycle Program
New Employee Onboarding Program
Internal Trainer Lifecycle Program
New Employee Training
Career Skills Training
Professional SkillsTrainingNew EmployeeTraining
All employees
All employees
New employees
8182
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
KPIs
Total training sessions
126SessionsTotal Training Hours1,008Hours
Total participants540Persons
Average training hourscompleted per employee
1.87Hours/person
Sales
Management (M)Production (O)
FunctionalR&D
Technology (P)
Production
Training coverage
80.36%
Total investment in training20RMB10 thousand
Total training instances
3,449Person-timesTraining investment in trainingper million RMB in revenue
0.0410 thousand
Employee DevelopmentAt Kewell, we are committed to stimulating the full potential of our employees,providing equal opportunities for career advancement, and creating a workenvironment that fosters personal and professional growth. To ensure diversecareer pathways, we categorize roles into three main streams: management,technical and production. This structure establishes clear career developmenttracks and, through customized professional training programs, empowersemployees to become specialists in their respective fields.In addition, ourHuman Resources Control Proceduresclearly define guidelines forjob mobility within the Company, offering opportunities for both intra- and inter-departmental transfers. This approach not only facilitates talent mobility but alsodrives synergy across business units, ensuring alignment with strategic goals andthe continued growth of the organization.
SupervisorJunior WorkerSpecialist
AssemblyWorker
ManagerIntermediate WorkerDirectorSenior WorkerDeputy General Manager
TechnicianGeneral ManagerSenior TechnicianChief EngineerTechnical ExpertCertified SeniorEngineerSenior EngineerEngineer
KPIs
internal transfers were made
representing an internal transferrate of
58.18%
During the repoing period
Career Pathways
Safety Production Organizational Chart
Occupational Health and Safety Man-agement System Certification
Safeguarding Healthand Safety
Governance
Kewell’s occupational health and safety management approach is anchored in the principle of“strengthening safety management to safeguard employee well-being”. The Company is fullycommitted to compliance with relevant laws and regulations, such as the Law of the People’sRepublic of China on Work Safetyand theLaw of the People’s Republic of China on Preventionand Treatment of Occupational Diseases.We have established comprehensive safetymanagement protocols, including theSafety Production Organizational Structure ManagementSystemand theOccupational Health Management Control Procedures.Safety culture isembedded in the core values of the Company. Through the implementation of a robustoccupational health and safety management system, supported by continuous monitoringand dynamic adjustments, Kewell creates a safe and stable environment that supports theCompany’s sustainable growth and operational success.To ensure the effective execution of safety management processes, Kewell has established aHealth, Safety and Environmental (HSE) Committee, tasked with organizing, guiding,coordinating and overseeing all safety-related operations. Additionally, the General Managersigns with the Work Safety Responsibility Statements with senior executives and departmentheads; and department heads sign the Work Safety Responsibility Statements withdepartment employees. These commitments are assessed based on the principles of “tieredmanagement and accountability”. As of the end of the reporting period, the Company hassuccessfully achieved ISO 45001 certification for its Occupational Health and SafetyManagement System
Safety and Environmental Protection Depament
Safety CommitteeDirector
Power Supply DivisionAdministration Depament
Infrastructure and EngineeringDepamentHuman Resources Depament
Information DepamentHydrogen Energy Division
Marketing Depament
International Business DepamentFinance Depament
Internal Audit DepamentPower Semiconductor Division
Securities Aairs DepamentQuality Depament
Research Institute
Deputy Director
Product Depament (Industrial Design)
8384
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Management of Impacts, Risks and Oppounities
Safety Risk ManagementTo proactively identify potentialsafety risks and streamline themanagement of hazards, Kewellhas established comprehensiveprocedures, including the ControlProcedures for Hazard Ident-ification, Risk Assessment and Mit-igationand theRisk Classificationand Control System. These pro-cedures outline the processes foridentifying hazards, conducting ri-sk assessments and grading, andimplementing control measures.The Company regularly conductshazard assessments across variousareas and equipment, creating acomprehensive safety risk ledgerthat captures hazards and outlinesspecific control actions for eachidentified risk. This approach en-sures that safety risk managementis systematic, effective and alignedwith best practices.
Safety Hazard Identication
Kewell follows a thorough and me-thodical approach to work safety,strictly adhering to theHazardIdentification and Mitigation Man-agement System.The Companyhas developed a scientifically sou-nd, compliant hazard identificationplan, deploying skilled professionalsto conduct detailed assessmentsacross production processes. Allidentified hazards are logged in acomprehensive register, ensuringfull traceability. During the miti-gation process, the Company app-lies key management principlessuch as the “Three Definitions”,“Four No-Delays” and “Five Im-plementations” to ensure that haz-ard remediation is effective andfully integrated into routine ope-rations. During the reporting pe-riod, Kewell conducted274 hazardinspections, focusing on unsafebehaviors, physical risks, envi-ronmental defects and mana-gement loopholes, achieving a100% rectification rate.
To improve readiness for une-xpected events, Kewell has impl-emented theWork Safety AccidentEmergency Plan,which provides adetailed framework for emergencyprevention, response, recovery andoversight and clearly defines theroles and responsibilities of eachdepartment and individual inmanaging emergencies. Further-more, the Company has esta-blished a structured emergencydrill schedule, regularly conductingexercises to evaluate the practicaleffectiveness of the plan, identifyareas for improvement and ensurethe plans remain relevant andactionable. During the reportingperiod, Kewell organized
emergency drills, including thosefocused on elevator accidents,electrical shock incidents, andgeneral emergency procedures,with a total of 667 participants.
In June 2024, Kewell’s Safety and EnvironmentalProtection Department organized an organization-wide, hands-on fire emergency drill. This exercisesignificantly enhanced fire safety awareness andemergency response capabilities among the staff,while reinforcing the Company’s commitment toidentifying and addressing fire hazards. The drillreinforced the principle of “Workplace Risk: I See, IKnow, I Control”.
Case
Fire Emergency Drill
Fire Emergency Drill
Emergency Response Process
AccidentOccurrence
EmergencyActivation
EmergencyRecoveryEmergencyConclusion
Emergency Efforts
Improvement
Reinforcements
RequestSite CleanupState of Emergency
TerminatedPost-Incident Management
Accident Investigation
Situation Control
Personnel Rescue
Engineering EmergencyResponse
Traffic Control & Security
Personnel evacuation
Personnel Rescue
Environmental Protection
Site Monitoring
Expert Consultation
AlarmActivation
PersonnelDeploymentInformationNetwork Setup
Emergency ResourcesReadiness
On-Site Command
Emergency Call
Information
Feedback
Rescue ActionsAlert Level Assessment
Y
Y
Y
N
NSafety EmergencyManagement
8586
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Metrics and Targets
Safety Management MeasuresKewell is committed to strictly adhering torelevant laws and regulations, establishingcomprehensive management systems such astheEHS Target Management Systemand the
Objectives, Metrics and Management PlanControl Procedures.Additionally, the Companyhas set clear occupational health and safetyobjectives aimed at enhancing employee well-being, promoting workplace safety, andimproving the overall effectiveness of its healthand safety management.
KPIS
Total safety incidents0Cases
Hazard inspectionrectification rate100%
Total training hours
1,460Hours
Percentage of certified special operators100%
Rate of occupational disease hazarddetection100%
Work-related fatalities0PersonsNumber of emergencydrills conducted9Sessions
Safety training coverage
100%
Work injury insurance coverage
100%
Compliance rate for occupationaldisease hazard monitoring
100%
Total number of work-related injuries
0Persons
Number of safety educationand training sessions
50Sessions
Safety risk mitigation training coverage100%
Employee health check-up coverage
100%
Number of new cases of newoccupational diseases
0Cases
Lost days due to workinjury
0DaysTotal number of employeestrained1,330Person-times
Wok Safety
Occupational Health
Occupational Health and Safety TargetsZero fire incidents throughout the yearZero major safety accidents throughout the yearZero occupational disease incidents throughout the year
Status
In line with the principle of “Safety First, Prevention
Utmost and Holistic Control” in work safety, Kewell has
reinforced the management of contractors, leaseholders,
temporary workers and external construction teams.
The Company has developed theStakeholder Safety
Management Policyand theSubcontractor Safety
Management Policyto standardize the safety approval
process for external parties entering the premises.
These measures ensure enhanced oversight and help
mitigate potential safety risks.
To ensure effective safety education and training, reduce therisk of accident and minimize occupational hazards, Kewell hasimplemented theEHS Education and Training ManagementPolicy, under which an annual safety and health training plan isdeveloped. During the reporting period, the Company adheredto this training plan and conducted a wide range of sessions,including forklift safety training, basic safety knowledgeworkshops and specialized occupational health training,significantly strengthening employees’ safety awareness andprofessional competencies.
In May 2024, the Company launched its Work Safety Month activities with a kick-off meeting, marking the beginning of a seriesof initiatives themed “Workplace Risk: I See, I Know, I Control – Clearing Pathways to Life”. During this event, a variety of activitieswere implemented, including safety knowledge training, a WeChat quiz campaign, the distribution of safety-themed cartoons,and practical fire safety drills. These efforts significantly raised the staff’s fire safety awareness and emergency preparedness,fostering a workplace culture of “Workplace Risk: I See, I Know, I Control”.
Case
“Clearing Pathways to Life, Building Robust Safety Defenses” Training Campaign
Fire Safety Training
Management of Stakeholders’ SafetySafety Awareness Development
8788
Valuing Employees and Building a Better Workplace TogetherKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Occupational Health Protection
To manage hazardous work processes and mitigate associated risks, Kewell has established theHazardous Work Safety ManagementPolicyand other related procedures. These policies clearly define the approval, implementation, and safety management protocolsfor high-risk tasks, ensuring that production activities are carried out smoothly and safely. These practices provide a solid foundationfor the Company’s sustainable growth and long-term success.
The Company places the health and safety of its employees in the first place. By continuously optimizing occupational disease preventionmeasures, we ensure they remain aligned with the real needs of our workforce. This proactive approach minimizes occupational diseaserisks, enabling employees to thrive in a healthy and safe work environment. By doing so, we foster a mutually beneficial relationship whereboth personal well-being and company growth are prioritized.
For employees exposed topotential occupational hazar-ds, regular health check-upsare conducted to ensure earlyidentification and interventionfor any health concerns. Thisholistic approach ensures co-mprehensive protection ofour employees’ healthand well-being.
We actively monitor and assess risksassociated with occupational diseases,such as dust and noise exposure. Ourprocess includes the systematic prep-aration of occupational hazard reports,which are continuously updated andimproved to enhance our preventionand control measures.
In alignment with ourPer-sonal Protective Equip-ment Management Policy,we provide all employeeswith PPE, including gloves,masks, and protective eye-wear. A detailed registry ismaintained for the distri-bution of these items, en-suring the full protection ofour employees’ health andsafety.
Occupational HealthScreenings
Occupational Hazard Monitoring
Provision of PersonalProtective Equipment(PPE)
Occupational Health Protection Measures
Commitment to Public Welfare
As a company with a strong sense of corporate social responsibility, Kewell isdedicated to fulfilling its social responsibilities and investing resources intocommunity welfare initiatives. One notable example is our scholarshipprogram at Hefei University of Technology, which supports the developmentof education and cultivates future leaders of society.
In support of educational development, Kewell hosted a successful scholarship award ceremony at Hefei University of Technology.The event celebrated and provided financial support to outstanding students, offering them valuable assistance in their academicand personal growth.
Case
Scholarship Award Ceremony
Scholarship Award Ceremony
KPIs
the Company allocated RMB
31,100to public welfare initiatives.
During the repoing period
Additional Safety Management Measures
8990
AppendixKEWELL TECHNOLOGY CO.,LTD.2024 Environmental,Social and Governance Repo
Appendix
Index of KPIs
TitleSub-title
Global Reporting Initiative (GRI)Sustainability Reporting Standards(“GRIStandards”)
Guidelines of China Enterprise Reform andDevelopment Society on Sustainability Reporting
for Chinese Enterprises (CASS-ESG 6.0)About This Report2-2/2-3/2-4P1.1/P1.2Message from the Chairman/P2.1
About Us
Company Profile2-1P3.1/P3.3Corporate Culture/P3.2Development Histo2-1P3.1Business Oveiew2-6P3.1Awards and Honors2-1P3.1KPI Highlights 2024/A2
Strengthening
GovernanceFramework andSetting Indust
Benchmarks
Commitment toSustainableDevelopment
2-9/2-14/2-16/2-22/2-29/3-1/3-2
G1.1.1/G1.1.3/G1.1.6/G1.1.8/G1.1.9/G1.1.11/
G1.3.1/G1.3.2Strengthening Corporategovernance
2-9/2-10/2-11/2-12/2-16/2-18/2-
27/2-29
/Adhering to BusinessEthics
205-2/206-1G2.1.1/G2.1.2/G2.1.3/G2.1.8/G2.2.3
TitleSub-title
Global Reporting Initiative (GRI)
Sustainability Reporting Standards(“GRIStandards”)
Guidelines of China Enterprise Reform andDevelopment Society on Sustainability Reporting
for Chinese Enterprises (CASS-ESG 6.0)EmpoweringGreenTechnology for aSustainableFuture
Response to ClimateChange
201-2/305-1/305-2/305-4
E1.1.1/E1.1.2/E1.1.3/E1.1.4/E1.1.5/E1.1.7/
E1.1.8/E1.1.16Advancing Green
Operations
2-12/2-27/303-4/304-2/306-1/306-
2/306-3/306-4/306-5
E2.1.1/E2.1.2/E2.1.3/E2.1.5/E2.1.6/E2.1.7/E2.1.8/E2.2.5/E2.2.6/E2.2.7/E2.3.3/E2.4.1/E2.4.2/E2.4.3/E2.4.4/E3.3.4Enhancing ResourceUtilization
301-1/301-3/302-1/302-3/302-4/302-5/303-1/303-2/303-3/303-5
E3.1.1/E3.1.2/E3.1.3/E3.1.4/E3.1.5/E3.2.1/E3.2.2/E3.2.3/E3.2.4/E3.3.2/E3.3.3
Leading inTestingTechnology andDriving EnergyInnovation
Innovation-DrivingDevelopment
203-1
S2.1.1/S2.1.2/S2.1.3/S2.1.4/S2.1.5/S2.1.6/S2.1.7/
S2.1.9/S2.1.10/S2.1.12/S2.1.13Focus on Both Qualityand Seice
416-1/416-2S3.3.1/S3.3.2/S3.3.3/S3.3.4/S3.3.6Responsible supply chain308-1/414-1S3.1.1/S3.1.2/S3.1.3/S3.1.4/S3.2.1Strengthening the DataSecurity Framework
/S3.4.1/S3.4.2
ValuingEmployees andBuilding a BetterWorkplaceTogether
Employees’ rightsprotection
2-7/2-19/2-20/401-1/401-2/405-1
S4.1.1/S4.1.2/S4.1.3/S4.1.4/S4.1.5/S4.1.6/S4.1.7/
S4.1.8/S4.1.9/S4.1.11/S4.1.12Employee Training andDevelopment
404-1/404-2S4.3.1/S4.3.2/S4.3.3/S4.3.4/S4.3.5/S4.3.6Safeguarding Health and
Safety
2-27/403-1/403-2/403-3/403-5/403-6/403-7/403-8/403-9/403-10
S4.2.1/S4.2.2/S4.2.3/S4.2.4/S4.2.6Commitment to PublicWelfare
413-1S1.2.2
Appendix
Index of KPIs/A3Feedback Form2-16A6
9192
AppendixKEWELL TECHNOLOGY CO.,LTD.
2024 Environmental,Social and Governance Repo
Feedback Form
Make testing more precise and convenient
Thank you for taking the time to read this Environmental, Social and Governance Report 2024 of Kewell Technology Co., Ltd. To enhanceKewell’s efforts in environmental, social and governance practices, improve our sustainability initiatives, and foster stronger communicationwith our stakeholders, we kindly invite you to provide your valuable feedback and suggestions on our work and this report. Please shareyour thoughts with us using the contact information below.Phone:+86 551-65837957Fax: +86 551-66858138Email:ir@kewell.com.cnAddress:No. 8 Dalongshan Road, National High-Tech Industry Development Zone, Shushan District, Hefei City, Anhui Province, ChinaYour InformationName: Phone:
Organization: Email:
Suey Questions (Please check the appropriate box)1．How would you rate the overall quality of Kewell’s 2024 ESG Repo?
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