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0102

TABLE OF CONTENTS

ABOUT THE REPORT

PRESIDENT'S MESSAGE

ABOUT GREENWAYCompany Pro®êle Corporate CultureExternal Organizations Pa®îicipationCompany HonorsCe®îi®êcation AchievedKey Pe®íormance of Sustainable

ENVIRONMENT

HUMAN RIGHTSHuman Rights ProtectionDiversity and InclusionCompensation and Bene®êtsTalent Introduction and DevelopmentEmployee CommunicationOccupational Health and Safety

SOCIETY R&D InnovationQuality ManagementCustomer Se®ïice and Suppo®îSustainable Supply ChainIndust®ñ Development PromotionSocial Welfare

Environmental Management SystemClimate Change ResponseWater Resources ManagementGreen Value ChainGreen Operation ManagementBiodiversity Protection

CORPORATE GOVERNANCE

SUSTAINABLE DEVELOPMENTPERFORMANCE TABLEEconomic Pe®íormanceEnvironmental Pe®íormanceSocial Pe®íormance

INDICATOR INDEX

Improvement of Corporate GovernanceIdenti®êcation and Analysis of Material TopicEconomic Bene®êtsCompliance ManagementBusiness Ethics ManagementInformation Security and Privacy ProtectionInternal Audit

GLOSSARY OF PROPER NOUNS

Development in 2024

0102ABOUT THE REPORT

ABOUT THE REPORTThis Repo®î is the ®êrst Environment, Society, and Governance Repo®î released by Guangdong Greenway Technology Co., Ltd. (hereinafterreferred to as the "Company" or "We"). The purpose of this Repo®î is to comprehensively and transparently present to stakeholders theCompany's concepts, practices, pe®íormance, and related initiatives in the areas of Environmental, Social, and Governance aspects. ThisRepo®î focuses on how the Company balances economic bene®êts with environmental and social impacts during business operations, andhow e®ãective governance structure ensures the achievement of sustainable development goals. Through this Repo®î, we aim to enhanceStakeholders' understanding of the Company's ESG e®ão®îs, strengthen communication and cooperation, and jointly promote sustainabledevelopment.

This Repo®î covers the period from Janua®ñ 1, 2024, to December 31, 2024, and aims to present the Company's overall pe®íormance in ESGduring this time frame. To enhance the comparability and completeness of the Repo®î, ce®îain data may extend beyond this period. Somepa®îs of this Repo®î are appropriately traced back to previous years or extended to 2025.

Time Range

This is the ®êrst time for the Company to disclose an Environmental, Social and Governance Repo®î, and there is currently no need for restate-ment. If it is later found that the ESG information disclosed during the repo®îing period is inaccurate or requires additional explanation, theCompany will restate the relevant information at an appropriate time (such as the release of the next annual repo®î or a tempora®ñannouncement) in accordance with relevant regulations and disclosure principles, explaining the reasons for the restatement and speci®êcchanges, to ensure that stakeholders can access accurate and coherent ESG information.

Restatements of Information

The Company attaches great impo®îance to information communication with stakeholders in the ®êeld of sustainable development. We lookforward to receiving comments and suggestions from readers after they have read this Repo®î. Please give feedback according to thefollowing contact information to help us fu®îher improve our sustainable development strategy and pursue better sustainable developmentpe®íormance.Email:dms@greenway-batte®ñ.com Phone: [phone]

Feedback Channels

Explanation of External AssuranceThis Repo®î has been authenticated by SGS-CSTC Standards Technical Se®ïices Co., Ltd. (SGS), an independent third pa®îy. Please refer tothe ASSURANCE STATEMENT for details.[Repo®î Release Form]This Repo®î is released in electronic document form in Chinese and English versions. You can obtain this Repo®î through the followingwebsite:

https://www.greenway-batte®ñ.com

External Assurance

This Repo®î is compiled with reference to the Sustainable Development Repo®îing Standards (GRI Standards 2021) issued by the GlobalRepo®îing Initiative, while also considering the topics of the European Union's Corporate Sustainability Repo®îing Directive (CSRD).Basis of Compilation

The Company has established an annual cycle for the release frequency of ESG repo®îs. Each year, the Company systematically reviews andsummarizes the work carried out, achievements made, and challenges faced in the ESG area over the past year, while integrating therelevant information into an ESG Repo®î for external release.

Report Frequency

Internal Operation System: Extract environmental-related data such as energy consumption and waste management from the Company'senvironmental management system; Obtain employee recruitment, training, compensation, and bene®êts data from the human resourcesmanagement system; Collect data on corporate governance structure, risk management, and compliance through ®ênance and internalgovernance systems.Internal Statistical Repo®î: Business-related statistical repo®îs regularly compiled and submitted by various depa®îments, such as CustomerSatisfaction Su®ïey statistics from the Sales Depa®îment and Employee Satisfaction Su®ïey. These repo®îs, after being summarized andreviewed, se®ïe as an impo®îant supplement to the data of the ESG repo®î.The 2024 ®ênancial statements of Guangdong Greenway Technology Co., Ltd.; Unless otherwise speci®êed, the amounts shown in this Repo®îare presented in RMB.Questionnaire Su®ïey: For data that is di®æcult to obtain directly through the system, such as employees' sense of identity with the corpo-rate culture and suppliers' evaluation of cooperation fairness, relevant information is collected through questionnaire su®ïeys conductedamong employees, suppliers, customers, and other stakeholders, and then organized and analyzed.

Report Data Source and ScopeData Source:

Boundary Scope:

Company NameAddressEnterprise TypeSho®î NameGuangdong GreenwayTechnology Co., Ltd.

No. 6, Tonghuan Road, Tongsha, Dongcheng Street,Dongguan City, Guangdong Province

Group Headqua®îersGreenwayDongguan K-tech NewEnergy Co., Ltd.

No. 3 Lingang Road, Wangniudun Town,Dongguan City, Guangdong Province

Greenway subsidia®ñK-tech

2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

PRESIDENT'S MESSAGE

President: Zhang Zhiping

We are well aware that the path to sustainable development is not smooth, but we ®êrmly believe that technology andenvironmental protection will eventually coexist harmoniously. In the future, we will continue to increase investment in theresearch and development of green energy, working together with global customers and pa®îners to contribute to achievingthe carbon neutrality goal. To this end, we propose three core directions:

Green Manufacturing: By building intelligent factories and introducing green energy, we aim to reduce energy consump-tion and emissions in the production process. The Company's production base will strive to achieve the carbon neutrality goalas soon as possible, becoming a benchmark for green manufacturing in the indust®ñ.

Circular Economy: Through innovative welding-free technology and integrated full-stack R&D capabilities, we improveproduct repairability and enable cascade utilization, thereby extending batte®ñ lifecycle and reducing resource consumptionacross the value chain.

Global layout: We actively pa®îicipate in the international market, establishing a global industrial chain, and in an openmanner, we join hands with more pa®îners to promote the popularization and application of new energy technology.

Looking ahead, we will continue to provide customized and standardized batte®ñ solutions to meet the green energyneeds of di®ãerent global customer groups and constantly seek new green batte®ñ application oppo®îunities. May we walkhand in hand and jointly write a new chapter for a green future!

Dear shareholders, pa®îners, customers, and friends from all sectors ofsociety:

The year 2024 is a year of rapid development for the New Energyindust®ñ, as well as a year full of challenges. From the unce®îainties in theglobal market to the rapid iteration of technological innovation, we deeplyfeel the demands of the external environment on the resilience andinnovation capabilities of enterprises. In this context, the Company hasalways adhered to the mission of "bringing green batte®ñ to eve®ñ family,eve®ñ nation, and keeping the Ea®îh clean." By continuously optimizingproduct pe®íormance, enhancing operational e®æciency, and strengthen-ing the international layout, we have steadily advanced in the face of challenges and achieved good results.

Facing the global goals of climate change and Carbon neutrality, sustainable development has become the focus of attentionfrom all sectors, and green energy will become the main battle®êeld in the ®êght against global climate change. As a technologycompany committed to becoming the world's most competitive leader in lithium batte®ñ solutions, the Company is well aware ofthe great signi®êcance of sustainable development for the future. We set scienti®êc carbon emission reduction targets and applygreen manufacturing technology, fu®îher promoting the popularization of new energy technology. We adhere to the businessphilosophy of "customer-centric, integrity, and innovation," fu®îher optimizing the corporate governance structure, enhancingtransparency and decision-making e®æciency, to earn the trust of customers and society. We always regard employees as the mostimpo®îant asset of the enterprise. We continuously improve the career development and training mechanisms and create a safe andinclusive working environment. At the same time, we actively pa®îicipate in community public welfare activities and ful®êll corporatesocial responsibility.

0304¶­Ê³¤Ö´Ç2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

COMPANY PROFILE

ABOUT GREENWAY

Guangdong Greenway Technology Co., Ltd. was established in 2010 and is committed to providing high-pe®íormanceand customized ODM and OEM lightweight lithium batte®ñ solutions to global customers. With its outstanding innovationcapabilities and deep indust®ñ accumulation, the Company has developed into a leading enterprise in the global lightweightlithium batte®ñ ®êeld, relentlessly promoting the intelligent and green upgrade of the lightweight lithium batte®ñ indust®ñ.In June 2021, the Company successfully listed on the STAR Market, becoming the ®êrst A-share listed company inChina with lithium batteries for light vehicles as its core business. The Company has established three advanced manufac-turing and R&D bases in Dongguan, including the headqua®îers base with a building area of 108,000 square meters, themanufacturing base for consumer electronics batte®ñ packs covering an area of 35,000 square meters, and the R&D andproduction base for batte®ñ cells with an area of 110,000 square meters.

The Company highly values technological innovation, possessing an R&D team of 322 people, holding 716 authorizeddomestic and international patents, including 645 domestic patents and 71 international patents, with 67 invention patents.Additionally, the Company has established the "Guangdong Lithium Batte®ñ Energy Storage Device and Intelligent Manage-ment System Engineering Technology Research Center". Its core laborato®ñ has been accredited by the China NationalAccreditation Se®ïice for Conformity Assessment (CNAS), and as an SGS Pa®îner Laborato®ñ, deepening the integration ofglobal testing resources.The Company has built a comprehensive intelligent manufacturing system covering project evaluation, solutiondesign, material research, cell R&D and manufacturing, BMS (Batte®ñ Management System) development,structural design,batte®ñ assembly and production, product quality control, and after-sales se®ïice, creating an indust®ñ-leading batte®ñ fulllifecycle management system. Relying on its strong technical strength and a complete industrial chain layout, the Companycontinuously optimizes the green manufacturing model, providing high safety, high energy e®æciency, and long-life lithiumbatte®ñ products to suppo®î the global energy transition, o®ãering the most competitive lithium batte®ñ solutions globally tocustomers.

0708ABOUT GREENWAY

BUSINESS INTRODUCTIONGLOBAL LAYOUT

Representative Products

The Company is an enterprise in the ®êeld of light power lithium batteries in China, and its business layout centers aroundthe "three pillars"¡ªlithium batteries for light vehicles, energy storage batteries, and consumer electronics batteries.

The light vehicle batte®ñ business, as a core segment, primarily targets the European and American electric bicycles,domestic new national standard electric bicycles, and overseas customized electric motorcycle markets. The Company isoptimistic about the potential of the increasing penetration rate of electric bicycles in Europe and the market of electrictwo-wheelers in Southeast Asia. It plans to seek business growth by deploying domestic instant delive®ñ batte®ñ swappingse®ïices and expanding into Asian, African, and Latin American markets.

Energy storage batteries are widely used in scenarios such as po®îable energy storage, home energy storage, andcommercial and industrial energy storage. In the future, the Company will promote the development of the energy storagebusiness by leveraging technology upgrades, policy bene®êts, and the exploration of emerging markets.

Consumer electronics batteries still hold an impo®îant position due to their high cost-pe®íormance ratio and safety. Thebatte®ñ cell business has shown remarkable pe®íormance. Bene®êting from the reduction in raw material prices and largecylindrical cell technology, its revenue has increased year-on-year, and the cost has been optimized through integrateddesign.

With a global perspective, the Company actively builds an international network to ensure that its products and se®ïicescover major global markets, forming a global and diversi®êed industrial layout. The main layouts include:

The Company has a diversi®êed team with members from di®ãerent countries and cultural backgrounds, possessingmultilingual communication skills. The Company attaches great impo®îance to the collaborative cooperation of cross-culturalteams. Through regular cross-cultural training and communication activities, it enhances the understanding and cooperationamong team members, fully demonstrating the Company's cultural diversity and inclusiveness.

The Company's products have passed a number of international ce®îi®êcations, including ISO (International Organizationfor Standardization), CE (European Conformity), FCC (Federal Communications Commission, USA) and so on. In addition, weactively pa®îicipate in the formulation of global standards. As a main drafting organization, we have pa®îicipated in the formu-lation of national mandato®ñ standards and play an impo®îant role in the international standard system.

Batte®ñ cell compositionFinished batte®ñ cellBatte®ñ module34145GoldenHoop Stick

PACKProducts

The Greenway Golden Hoop Stick Batte®ñ features high safety, long lifespan, and low operatingtemperature rise. It can pass the indust®ñ's most stringent Single cell nail penetration test and iscompatible with multiple chemical systems.

Europeanmarket

A customer se®ïice center has been established in Belgium to quickly respond to the needs ofthe local market; at the same time, a production base in Hunga®ñ is being prepared.North American

market

A sales representative o®æce has been set up in Dallas, the United States.

Asia-Pacific

region

Relying on the Overseas Procurement and Sales center in Hong Kong, China, a stable supplychain system has been established; the Indonesia base integrates production and customerse®ïice, e®ãectively covering the Southeast Asian market.

Belgium

Surabaya, Indonesia

Hong Kong, ChinaDongcheng, Dongguan, China

Dallas, the United StatesHungary (in preparation)

Wangniudun, Dongguan, China

SeparatorSeparatorCathodeCathode tab

AnodeAnode tab

Light vehicle

batte®ñ

Energy storagebatte®ñ

Consumer

batte®ñ

Newapplications

2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

DEVELOPMENT HISTORY

ABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT0910

Since its establishment in 2010, the Company has undergone three strategic leaps, achieving a leapfrog developmentfrom a regional se®ïice provider to a leader in global lithium batte®ñ solutions. Driven by technological innovation, the Compa-ny's product matrix covers three core application scenarios: green travel, sma®î energy storage, and consumer electronics.Through a forward-looking global layout, it has built an international operation system integrating research, production, andsales. After being listed on the STAR Market in 2021, the Company accelerated its transformation towards high-end intelligentmanufacturing and achieved signi®êcant breakthroughs in the core technology ®êeld of batte®ñ cells. It has now formed a ve®îicalintegration solution encompassing batte®ñ cells, batte®ñ management systems, and batte®ñ assembly, continuously leading thegreen energy revolution.

The Company upholds the core philosophy of "technology empowers green development", with the mission of "bringinggreen batte®ñ to eve®ñ home, eve®ñ count®ñ, and keeping the ea®îh clean", striving to become a leader in global lithium batte®ñsolutions. The Company adheres to innovation-driven development by establishing a value system of "Customer First - Integ-rity & Innovation; Quality as Priority - Safety & Reliability; People-Centric - Respect & Growth", to deliver safe and reliablegreen energy products. We consistently uphold sustainable development principles, committed to delivering clean energysolutions to eve®ñ household and nation. We contribute corporate e®ão®îs toward carbon neutrality goals, advancing a harmo-nious future where humanity and nature thrive together.

2010Establishment of the Company

2011

Launch of Ebike Batte®ñ

2016Launch of ElectricMotorcycle Batte®ñ

2017Acquisition of DongGuan K-Tech NewEnergy Co., Ltd.

2017

Establishment ofEuropean Company

2018

Launch of po®îableenergy storage

2020

Construction ofheadqua®îers base

2021

Listed on STAR Marketand launch of homeenergy storage

2022

Wangniudun base put into production; Small andmedium-sized commercial and industrial energystorage went on the market

2023

Headqua®îers base put intoproduction; Mass production oflarge cylindrical lithium cells

2024

Indonesian subsidia®ñ putinto production

To bring green batteries to eve®ñ household, eve®ñ nation, keeping ourplanet pristine

Customer First - Integrity & Innovation;Quality as Priority - Safety & Reliability;People-Centric - Respect & Growth.

Greenway'sMissionGreenway'sVisionGreenway'sValues

To become the world's most competitive leader in lithium batte®ñ solutionsCORPORATE CULTURE

1112

EXTERNAL ORGANIZATIONS PARTICIPATION

The Company has established a "four-dimensional integrated" industrial value community, achieving global resourceintegration through a three-dimensional industrial collaboration network. At the industrial level, the Company focuses on the"Lithium Batteries for Light Electric Vehicles, Energy Storage Batteries, Consumer Electronics Batteries" as the three maindrivers, completing a strategic layout in core tracks. At the regional level, the Dongguan Lithium Batte®ñ Indust®ñ Cluster is usedas a fulcrum to create a collaborative innovation demonstration platform for indust®ñ, academia, and research. At the nationallevel, the Company deeply pa®îicipates in the formulation of power supply indust®ñ standards. At the international level, theEuropean Light Electric Vehicle Association is leveraged to build cross-border technology bridges and establish a dual circula-tion channel for the Eurasian market. This multi-level pa®îicipation mechanism not only enables global dissemination of technicalstandards and business models but also brings an ecological feedback e®ãect through e®æcient resource coupling, ultimatelyconstructing a green energy community centered on an innovative value chain.

COMPANY HONORS

As a global leader in providing distributed energy solutions, we have always adhered to the philosophy of technologicalinnovation and green development, committed to the deep integration of new energy and energy storage technology. TheCompany always takes the needs of users as the core, continuously overcoming key technical challenges and persistentlypromoting the iterative upgrade of products. With high-quality products and excellent se®ïices, we have gained widespreadtrust from customers and indust®ñ pa®îners, and have been honored with numerous awards. These honors not only witnessGreenway's outstanding achievements in innovation and R&D, but also fully re®ìect the indust®ñ's recognition of our e®ão®îs todrive energy transformation with products and suppo®î the sustainable development strategy.

S/N

Unit

European Light Electric Vehicle Association

China Industrial Association of Power Sources

China Chamber of Commerce for MotorcycleChina Bicycle AssociationGuangdong Batte®ñ Indust®ñ AssociationGuangdong Electric Vehicle Association

Dongguan Batte®ñ Indust®ñ AssociationDongguan Energy Storage Indust®ñ AllianceDongguan Listed Companies AssociationDongguan High-tech Indust®ñ Association

Membership Level

Member unitFull MemberDirector UnitMember unitMember unitMember unitVice President UnitVice President UnitMemberVice President UnitChairman UnitSupe®ïisor UnitVice President Unit

First batch of enterprises passing the mandato®ñ

national standard evaluation of GB43854-2024

Safety Technical Speci®êcation for Lithium-ion

Batteries for Electric Bicycle

China Electronics Standardization InstituteBeijing Bicycle Indust®ñ Association

First Batch of Up-to-standard Products ofLithium-ion Batteries for Electric Bicycles

Guangdong Power and Energy Storage Batte®ñStandardization Technical Committee

Top 10 Brands of Lithium Batteries for

Two-wheeled Vehicles in China in 2024Shenzhen Qidian Research and Consulting Company

The Tenth Qidian Lithium Batte®ñ Golden Tripod Award in2024 & The Enterprise with Annual In®ìuence in the Batte®ñIndust®ñ for Two-wheeled Vehicles in China in 2024Shenzhen Qidian Research and Consulting Company

China Chamber of Commerce for Impo®î and Expo®î ofMachine®ñ and Electronic Products

Guangdong Power and Energy Storage Batte®ñ StandardizationTechnical Committee

Standard Working Group on Lithium-ion Batte®ñand Similar Products

ABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

1314

CERTIFICATION ACHIEVED

In the process of promoting sustainable development and lean management, the Company actively aligns with internation-al standards, establishing a comprehensive management system and obtaining multiple authoritative ce®îi®êcations, coveringareas such as quality management, environmental management, and occupational health and safety. These authentications notonly highlight the Company's high standards in lean management, green manufacturing, and social responsibility but also lay asolid foundation for global development, fu®îher enhancing market competitiveness and brand in®ìuence. To ensure the continu-ous and e®ãective operation of the system, the Company organizes internal auditors for regular audits annually and invitesauthoritative third-pa®îy institutions for external audits to ensure the authenticity and validity of the ce®îi®êcates.

ISO 45001:2018 Occupational Health and Safety Management System

ISO 14001:2015 Environmental Management System

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High-tech Enterprise in 2024Depa®îment of Science and Technology of Guangdong Province

General Rules for Lithium-ionBatte®ñ for Electric Bicycle Quality

Classi®êcation Assessment

China Batte®ñ Indust®ñ Association

Unde®îaking Unit of the Key R&D Project in Dongguan in2024: R&D and Industrialization Project of "High-pe®íor-mance and Low-cost Sodium-ion Batteries for Energy

Storage and Their Key Materials"Dongguan Science and Technology Bureau

Fifth Batch of Organizations Passing

the Sodium-ion Batte®ñ EvaluationChina Energy Storage Alliance

National Excellent Brand Enterprise in Product Quality and

Safety Traceability of Electric Bicycles in 2024Traceability Se®ïice Platform for the Electric Bicycle Indust®ñ

ISO 13485:2016 Medical Device Quality Management System

IATF 16949:2016 Quality Management System Requirements forAutomotive Production and Relevant Se®ïice Pa®îs Organizations

IECQ 080000:2017 Hazardous Substance ProcessManagement (HSPM) SystemISO/IEC 17025:2017 General requirements for the competence of testing and calibration laboratories

ABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

GreenwayK-tech Authentication

1516

Corporate GovernanceIn year 2024, corruption incidents were

In year 2024, con®ìict of interestincidents were

In year 2024, fraud incidents were

In year 2024, money launderingincidents were

In year 2024,number of compliance training sessions were

In year 2024, malicious competitionincidents were

In year 2024, tax evasion incidents were

Social Responsibilities

In year 2024, child labor incidents were

In year 2024, discrimination incidents were

In year 2024, forced or compulso®ñ labor incidents were

In year 2024, human rights awareness training coverage rate:

100%

2In year 2024, employee collective contract signingcoverage rate was100%

In year 2024, occupational disease incidence rate was

In year 2024, mental health incidents:

In year 2024, occupational disease examinationcoverage rate was

100%

Environment

In year 2024, total greenhouse gasemissions were14,227.71tCO

eScope 1

3,684.43tCO

e

Scope 2

10,543.28tCO

e

In year 2024, electricity consumption was35,953,790kWh

In year 2024, purchased greenelectricity was

6,736,000kWh

In year 2024, water consumption was

230,183m?

In year 2024, FSC ce®îi®êed packaging materials usage was

7.54t

?

Note: The above greenhouse gas emission data only includes K-Tech.

KEY PERFORMANCE OF SUSTAINABLE DEVELOPMENT IN 2024

ABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORTABOUT GREENWAY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

0405

ENVIRONMENT

Environmental Management SystemClimate Change ResponseWater Resources ManagementGreen Value ChainGreen Operation ManagementBiodiversity Protection

2024

ENVIRONMENTAL, SOCIAL ANDGOVERNANCE (ESG) REPORTGUANGDONG GREENWAY TECHNOLOGY CO., LTD.

In the global process of sustainable development, the Company is guided by the concept of balancing environmental and social responsibility,making environmental governance the core path for the enterprise to ful®êll its ecological responsibility. We strictly adhere to international and domesticenvironmental regulations, continuously optimizing the environmental management system and management structure, promoting the deep integra-tion of green practices and business operations. Through a systematic environmental management mechanism, we continuously optimize environmen-tal pe®íormance indicators, simultaneously explore low-carbon transition paths, so as to promote synergistic development with the ecological environ-ment, injecting enterprise strength into a global sustainable future.

1920ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

ENVIRONMENTAL MANAGEMENT SYSTEM

ENVIRONMENTAL COMPLIANCEThe Company strictly follows the ISO 14001:2015 standard and has established a scienti®êc and comprehensive environmental managementsystem. Taking "complying with regulations, protecting the environment, increasing sources of income and reducing expenditure, and making continu-ous improvements" as its policy, the Company formulates and implements a series of environmental protection management systems. Combining itsown operational characteristics, the Company has compiled a Management Manual that includes the environmental management system as a guidingdocument for the construction of the environmental management system, systematically guiding the development and continuous improvement ofenvironmental protection work.

Through environmental management policies, objectives, and pe®íormance, the Company supe®ïises the implementation and improvement ofpolicies related to environmental management, organizing each production base to car®ñ out environmental factor identi®êcation, compliance review,internal audit, and management review. In accordance with environmental management policies and policies, the Company promotes the implementa-tion of various environmental protection systems, drives the completion of various indicators, and continuously tracks the company's environmentalmanagement pe®íormance re®ìected by these indicators. The Company has established an Environmental Factor Identi®êcation and Evaluation ControlProcedure to systematically control indicators such as environmental compliance and key work execution. For waste water, exhaust gas, noise, andwaste management, the Company has established a series of control systems such as the Water, Noise, and Gas Pollution Management Control Proce-dure, Emergency Preparedness and Response Control Procedure, and Greenway Emergency Environmental Response Plan, ensuring the Companycontrols environmental risks and provides assurance for the standardized operation and e®ãective implementation of the environmental managementsystem.

As of the end of the repo®îing period, both Greenway and

its subsidia®ñ K-tech have completed the ISO 14001:2015

Environmental Management System Accreditation Audit, fully

re®ìecting the Company's standardization and standardization

level in environmental management.

ENVIRONMENTAL REGULATIONS COMPLIANCE

The Company implements a full-process control strategy in the ®êeld of three industrial wastes (waste water, exhaust gas,solid waste) management. It reduces pollution at the source through process innovation and relies on a compliant disposalsystem to ensure that the ®ênal treatment meets the discharge standards. A dynamic policy response mechanism is establishedto track government regulations updates in real-time, and regularly conducts environmental compliance audits and risk inves-tigations at production bases. In year 2024, no illegal or non-compliant incidents occurred at any production base.Meanwhile, K-tech has established a multi-level environmental capability enhancement system, regularly conductingspecial environmental training and energy-saving technology knowledge dissemination, covering management to frontlineemployees. The courses cover air quality management, water pollution prevention, solid waste resource utilization, soil remedi-ation technology, toxic and hazardous substances control, environmental regulations interpretation, as well as skills enhance-ment modules like environmental repo®îing system operation and environmental compliance audit practices, continuouslyoptimizing environmental pe®íormance indicators through the PDCA (Plan-Do-Check-Act) cycle management system.

ENVIRONMENTAL INVESTMENT

[Key Pe®íormance: Environmental Input]

The Company's environmental investment is approximately 6.761 million RMB, aiming to achieve Sustainable Developmentand social responsibility goals. The Company actively invests in R&D and innovation, and is committed to developing environ-mental protection technologies to achieve energy conse®ïation and emission reduction, energy conse®ïation, water reduction,emission reduction, and improvement of water resource recycling e®æciency, etc., so as to e®ãectively cope with environmentalpressure and at the same time drive the enterprise towards the path of sustainable development. Through scienti®êc researchand development investment and technological innovation, the Company's environmental investment has made signi®êcantcontributions to the realization of a green economy and sustainable development.

Pe®íormance IndicatorsTotal Environmental Protection Investment in 2024

Unit

CNY10,000

Greenway

50.09

K-tech

626.01

Greenway ISO 14001 EnvironmentalManagement SystemAccreditation Ce®îi®êcate

K-tech ISO 14001 EnvironmentalManagement SystemAccreditation Ce®îi®êcate

[Key Pe®íormance: Greenhouse Gas Emissions Summa®ñ]

[Key Pe®íormance: Green Power Purchase]

Pe®íormance IndicatorsExternally Purchased Green Power

UnitkWh

Greenway

K-tech6,736,000

2122ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

CLIMATE CHANGE RESPONSE

Climate Change is one of the most pressing ecological challenges globally at present. The Company actively responds tolow-carbon development, formulating a low-carbon transition path suitable for the Company's sustainable development. Byquantifying greenhouse gases emissions and exploring multi-scenario decarbonization solutions, it accelerates the achieve-ment of 100% coverage of renewable energy and net zero emissions goals.

GREENHOUSE GAS EMISSIONS MANAGEMENT

The Company, following the international standards of ISO14064-1:2018 Greenhouse Gases - Pa®î 1: Speci®êcation withGuidance at the Organization Level for Quanti®êcation and Repo®îing of Greenhouse Gas Emissions and Removal, has estab-lished a systematic greenhouse gas invento®ñ mechanism. During the repo®îing period, Scope 1 and Scope 2 greenhouse gasquanti®êcation inventories have been conducted for the K-tech production base. In the future, the Company will continue toimprove the full-process management system of carbon emissions and deepen the implementation of the green developmentstrategy.

Note:

(1) Data includes only K-tech.

(2) Scope 1 includes direct green-

house gas emissions from resourcesowned or controlled by the Company.Scope 2 includes indirect greenhousegas emissions from Purchased Elec-tricity, and Scope 3 emissions havenot yet been statistically calculated.

IMPROVING ENERGY USE EFFICIENCY

The Company adheres to the sustainable development concept, making energy management a core strategy for promot-ing green manufacturing and low-carbon transition. The Company plans to establish an energy management system, continu-ously car®ñ out lean production improvement, improve energy use e®æciency, and actively promote the application of renew-able energy and other multi-dimensional measures to fully implement green operation. During the repo®îing period, theCompany strictly monitored and controlled energy consumption, with prima®ñ direct energy consumption including naturalgas, gasoline, and diesel as fossil fuels, and indirect energy consumption covering purchased electricity and steam. By imple-menting a series of energy conse®ïation and consumption reduction measures, the Company e®ãectively reduced the energyconsumption per unit of output value and made a positive contribution to reducing carbon emissions.The Company attaches great impo®îance to the construction of the energy management system. Referring to the require-ments and use guidelines of the ISO 50001:2018 energy management system, it systematically constructs and continuouslyimproves the energy management mechanism. The Company has formulated and implemented the Energy and ResourceConsumption Management Procedure to provide institutional assurance for the standardized and systematic operation ofenergy management.

In terms of practice, the Company actively implements energy-saving and e®æciency-enhancing measures in the produc-tion and manufacturing sector, promoting e®æcient energy utilization through technological innovation and process optimiza-tion. During the repo®îing period, the Company comprehensively advanced multiple energy-saving optimization projects suchas lighting, air compression improvement, exhaust, heat dissipation, air conditioning, cooling tower energy saving, facilityusage optimization, and operational energy saving, achieving signi®êcant energy conse®ïation and emission reduction results,thereby making a positive contribution to mitigating climate change.

Pe®íormance Indicators

Scope 1 (tCO2e)Scope 2 (tCO2e)Total emissions (Scope 1 + Scope 2) (tCO2e)

2024

3,684.4310,543.2814,227.71

Greenway's Dongcheng Headqua®îers and R&D and Production Capital Increase andExpansion Project in Dongguan City in 2024 is guided by green and low-carbon princi-ples, constructing a systematic energy-saving implementation plan. The project strictlyfollows national and local energy saving regulations, comprehensively improving theenergy e®æciency level through measures such as facility energy saving and designenergy saving. Incorporating energy-saving technology and environmental materials inarchitectural design, and adopting e®æcient equipment in the production process, thisplan successfully passed the energy-saving inspection by the competent authority.

Case: Greenway New Construction Land Energy Saving Audit

Project Energy Conse®ïationAcceptance Repo®î

[Case: Energy-Saving Plan in 2024]

LightingImprovement

Plan:

Energy saving measures

Photos

1. Replace lights in areas where they are

always on, such as the elevator hall,elevator car, underground garage,restroom, workshop national road, ando®æce corridor with motion sensor lightsor switch to time control.

Project Execution

Greenway

The Company actively enhances its carbon management level by signing greenpower purchase agreements and other methods. During the repo®îing period, K-techsuccessfully purchased 6,736 megawatt-hours of green electricity, signi®êcantly reduc-ing carbon emissions during operations. In the future, Greenway will incorporate therooftop photovoltaic project in the facto®ñ area in its energy conse®ïation and emis-sion reduction plan and will continue to increase the propo®îion of renewable energyused, providing strong suppo®î for achieving low-carbon development goals.

Green Power Purchase Ce®îi®êcate

2324

[Key Pe®íormance: Energy Usage]Pe®íormance IndicatorsPurchased Power

Unit

kWh

Greenway

13,994,270

K-tech21,959,520

Greenway,

K-tech

Greenway

Greenway

K-tech

K-tech

K-tech

K-tech

[Case: Energy-Saving Plan in 2024]

Improvement ofair compressor

1. Adjust the number of air compressors in operation

or the size of the air compressors in a timely manneraccording to the production situation.

2. Check the air compressor pipelines and equipment

for leaks as planned.

3. Add a new type of adsorption d®ñer to save 4% to

5% of the compressed air consumption.

Exhaust/heatdissipationenergysaving

1. Change the operation mode of the exhaust fans in

the weak current wells and machine rooms fromrunning continuously for 24 hours throughout the yearto running all day in summer and autumn and runninge®ãectively for 4 hours per day in spring and winter.

2. Change the operation mode of the exhaust fans in

the restrooms from running continuously for 24 hoursthroughout the year to turning them o®ã during theperiod from 22:00 to 7:30 through time control.

3. Alternately switch and use the main fan and the

standby booster fan according to the production situ-ation.

Air conditioningand

cooling tower

energy saving

1. Change the operation mode of the 3 water tower

fans from running for 7 months each year with 12hours of operation per day to sta®îing based on tem-perature control.

2. Adjust the water outlet temperature of the

air-cooled/water-cooled air conditioning main unitaccording to the season and outdoor temperature.

Facility usage

optimization

1. In the small cylindrical pole piece workshop,

replace the large dehumidi®êer with an idle smalldehumidi®êer to maintain the environmental tempera-ture for energy-saving.

2. Integrate the loads of 4 transformers to reduce the

power consumption of 2 transformers in operation.

3. Save energy in the transpo®îation of steam

by tank trucks.

[Case: Energy-Saving Plan in 2024]

[Case: Greenway's Multi-Scenario Energy Storage Demonstration Platform]

Steam recove®ñenergy saving

1. Through pipeline modi®êcation, trans-

po®î the used steam return water fromthe workshop to the high-temperatureaging room for use.

Greenway gives full play to its advantages in energy storage technology and builds a multi-scenario energystorage demonstration platform at its headqua®îers. Through the three major modules of "electric motorcyclecharging and storage subsystem", "electric vehicle charging and storage subsystem", and "standard industrial andcommercial storage subsystem", a sma®î energy management network is constructed to achieve peak-valleyelectricity price arbitrage and comprehensive energy e®æciency optimization.

Plan:

Energy saving measures

PhotosProject ExecutionPlan:

Energy saving measures

PhotosProject Execution

ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

2526

Water withdrawal108,520t

WATER RESOURCES MANAGEMENT

Against the backdrop of the intensi®êcation of global warming, the frequent occurrence of extreme climate events has ledto a continuous rise in water resource sho®îage and water quality risk. Facing the challenges of the water environment, theCompany incorporates water resource management into its core business strategy, systematically reducing water usage riskthrough full-process control (source reduction + end treatment), and reducing water resource waste through water conse®ïa-tion promotion.

CURRENT STATUS OF WATER RESOURCE USAGE

The Company attaches great impo®îance to water resource management and achieves full-process water-saving e®æcien-cy improvement through systematic system construction and technological innovation. K-tech has formulated the WaterResource Management System, establishing management standards covering water withdrawal, usage, and drainage, andclarifying the water resource quota mechanism for production bases (production/living/®êre-®êghting water usage).

In 2024, the water source for the Company's production base mainly comes from municipal water supply, with a totalwater intake of 230,183 tons. The Company is located in an area with abundant water resources. Based on this situation, K-techhas conducted a water resource risk assessment and formulated emergency handling measures for water resource sho®îagesto ensure production continuity under extreme drought conditions. Meanwhile, emphasis is placed on water conse®ïationpromotion through daily advocacy, monthly water usage data analysis meetings, and other activities, integrating the conceptof "closing the valve at will and using water precisely" into daily operational norms. During the repo®îing period, the Company'swater extraction compliance rate reached 100%, with no water-related environmental incidents occurring.

WASTEWATER MANAGEMENT

The Company strictly adheres to the Water PollutionPrevention and Control Law of the People's Republic ofChina, the Environmental Protection Law of the People'sRepublic of China, and other relevant legal and regulato®ñrequirements, ful®êlling its environmental protection mainresponsibility by systematically regulating the full-processmanagement of sewage collection, treatment and dischargein each production base.

The K-tech Production Base, a subsidia®ñ, involvesindustrial wastewater emissions. To strengthen environmen-tal management, the K-tech Production Base strictly imple-ments the Water Pollution Discharge Limits (DB 44/26-2021)for industrial wastewater emissions and the Water QualityStandards for Discharge to Municipal Sewers(GB/T31962-2015) for domestic sewage discharge require-ments. It has specially formulated the Wastewater Manage-ment System according to relevant standards, establishing afull-process control system covering collection, treatment,and monitoring to ensure wastewater management meetsenvironmental management system accreditation Standards.

In terms of domestic sewage management, each pro-duction base implements the "Pretreatment + MunicipalCoordination" model, where sewage is treated through aseptic tank before being connected to the municipal sewagetreatment system for fu®îher puri®êcation. For industrialwastewater, the K-tech Production Base has established an"In-plant Control + Specialized Disposal" system: industrialwastewater is centrally collected in a wastewater collectionpool, with key indicators dynamically tracked using an envi-ronmental data acquisition instrument. It is then transferredto a professional sewage treatment plant for deep process-ing. During the repo®îing period in 2024, the base achieved a100% compliance rate for industrial wastewater disposal,with no seconda®ñ pollution incidents occurring.

Greenway

Water withdrawal

121,663t

K-tech

[Key Pe®íormance: Water Consumption]

Scattered industrial wastewater495tK-tech

[Key Pe®íormance: Wastewater Statistics]

Wastewater monitoring device

ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

2728

Usage of FSC Ce®îi®êed Packaging Materials

7.54t

GREEN VALUE CHAIN

The Company actively responds to the call for globalgreen transition by integrating the green design conceptthroughout the product lifecycle, striving to achieve ener-gy-saving and environmental standards. We collaboratewith pa®îners in the industrial chain to jointly promote theconstruction of a green value chain. Through the applica-tion of green product design, green packaging and greenemission reduction management, we comprehensively pro-mote low-carbon and sustainable development.

GREEN PRODUCT

The Company incorporates design and research and development of green products into the core of its corporate strate-gy. Taking the research and development center as the main depa®îment for tackling green technology problems, it takes thelead in promoting the integration and iterative upgrading of clean process technologies. The Company simultaneously estab-lishes a green product promotion mechanism, using carbon footprint ce®îi®êcation as a lever, developing sma®î energy-savingproducts through material substitution and energy e®æciency optimization, conveying the low-carbon value of products to themarket, and promoting the deep integration of the green consumption concept and technological innovation achievements.

With the increasing global concern about climate change issues, product carbon footprinthas become an impo®îant indicator for measuring corporate environmental pe®íormance. TheCompany actively responds to the international sustainable development trend, and in 2024, itinitiated the carbon footprint ce®îi®êcation work for lithium-ion batte®ñ products, systematicallyassessing the carbon emissions throughout the product's lifecycle from raw materials acquisition,production manufacturing to usage and recycling. By introducing the Life Cycle Assessment(LCA) , the Company has established a scienti®êc carbon footprint accounting system to providedata suppo®î for the low-carbon transformation of products.In the future, the Company will fu®îher deepen product carbon footprint management: In theproduct design phase, the Company will fully integrate lifecycle thinking, conducting specialcarbon footprint research, identifying key emission reduction links, and optimizing material selec-tion and production processes to lay the foundation for developing low-carbon products. In themanufacturing and operation links, the Company will implement a series of energy conse®ïationand emission reduction measures, including increasing the propo®îion of clean energy usage,optimizing the energy management system, and promoting green manufacturing technology, andcontinuously reducing the carbon emission intensity during the production process. Meanwhile,the Company plans to include carbon footprint information in product labels to enhance environ-mental information disclosure transparency, assisting customers in achieving their carbon neutral-ity goals. Through these measures, the Company is committed to creating a green and low-car-bon product system, contributing to the global energy transition and climate governance.

PRODUCT CARBON FOOTPRINT

GREEN PACKAGING

The Company integrates the concept of green packaging throughout the entire life cycle ofmaterial selection and structural design, and adheres to the circular economy principles of"reduction, reuse, resource utilization". During the packaging material selection phase, the lifecycle assessment standard is systematically introduced, prioritizing FSC ce®îi®êed environmentallyfriendly paper materials and recycled plastic. This encompasses a green packaging solutionsystem that includes standardized carriers (plastic turnover box/pallet), customized packaging(wooden pallet), and an intelligent recycling system (batte®ñ cell speci®êc box). Through thecomprehensive management of "material selection-structural optimization-recycling andreuse-regeneration and re-manufacturing", a packaging management paradigm of "sourcereduction-circular substitution-low-carbon transpo®îation-recycling" is formed.

Greenway[Key Pe®íormance: Use of Green Packaging Materials]

The product DM001 adopts a simple andenvironmental design concept, reducing manufac-turing cost by about 80% compared to conven-tional po®îable energy storage. It also useslow-power switch control to e®ãectively protect thebatte®ñ, greatly extending the product lifespan. Inuse, the product can be matched with the powerbatte®ñ of two-wheeled vehicles to meet theoutdoor activity needs of customers.

[Case: Green Products]

Lithium-ion Batte®ñ Carbon Footprint Repo®î

Recycled Plastic Box

DM001

The product GW002 takes the multi-package series-par-allel architecture as its core technological advantage, integrat-ing intelligent address coding, multi-level communication pro-tocol, active directional balancing, and automatic diagnosisfunctions. It achieves precise energy management and e®æ-cient system collaboration, and through long cycle life andhigh energy e®æciency output environmental design, it injectsgreen new power into the AGV ®êeld, leading the indust®ñ sus-tainable development trend with technological innovation.

GW002

ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

2930

GREEN EMISSION REDUCTION

Exhaust gas treatment

The Company implements a three-level environmental supe®ïision mechanism of "source emission reduction-processmonitoring-end treatment" in the dimension of exhaust gas and waste management. Relying on the requirements of the ISO14001 environmental management system, exhaust gas monitoring is conducted regularly. Meanwhile, for external wastedisposal suppliers in cooperation, it is required that they 100% obtain hazardous waste business licenses and the harmlessdisposal rate reaches the indust®ñ standard, with a 100% compliance disposal rate for hazardous waste. This constructs a greensupply chain management paradigm of "standard co-construction-data interconnection-shared responsibility".

The exhaust gas from the Company's various production bases mainly originates from ce®îain production processes andthe operation of diesel generators. The main pollutants include pa®îiculate matter, tin and its compounds, non-methane totalhydrocarbons, nitrogen oxides, and sulfur dioxide. The Company strictly implements the Emission Standard of Pollutants forBatte®ñ Indust®ñ, Emission Standard of Volatile Organic Compounds for furniture Manufacturing Operations, GuangdongProvince's Emission Limits of Air Pollutants, and the Notice on Key Work for Comprehensive Management of Industrial Kilnsand Boilers issued by the Guangdong Provincial Depa®îment of Ecology and Environment (YHH [2021] No. 461), establishinga comprehensive exhaust gas emission control system. By adopting advanced treatment processes such as water mist dustremoval and seconda®ñ activated carbon adsorption, the emission concentration of pollutants such as pa®îiculate matter andacidic gases is e®ãectively reduced. All exhaust gas is treated and discharged through high-altitude compliant discharge out-lets, with regular environmental monitoring conducted to ensure that emission indicators continuously meet environmentalassessment requirements, thereby ful®êlling environmental protection responsibility.

Each facto®ñ conducts exhaust gas monitoring at regular inte®ïals as required. By the end of 2024, the exhaust gas testresults were 100% compliant.

Waste treatment

The Company has formulated the Waste Management Procedure, systematically standardizing the classi®êcation,collection, storage, and treatment processes of waste during production operations to ensure compliance with relevantregulato®ñ requirements. In 2024, the Company's waste mainly includes two categories: general industrial waste andhazardous waste. The Company strictly follows the principle of waste classi®êcation management, with all waste collect-ed and placed in a ®êxed area for classi®êed storage. Among them, domestic waste and general industrial solid waste arecollected and transferred to the garbage room and are uniformly disposed of by the village environmental sanitationo®æce. Scrap material, discarded batte®ñ cells, and other reusable general solid waste generated in the production work-shop are transpo®îed by the waste generating depa®îment to the Company's designated storage warehouse and legallyprocessed by a quali®êed unit in compliance with regulations; hazardous waste is collected and handed over to a recy-cler with a Hazardous Waste Business License for recycling and treatment.The Company has established an admission review mechanism for solid waste disposal vendors to ensure theyhave legal quali®êcations and standardized processing capabilities, and to ensure the safety and compliance of solidwaste disposal. Meanwhile, the Company regularly organizes special training for personnel directly involved in the gen-eration, collection, storage, and transpo®îation management of waste from various depa®îments to enhance their envi-ronmental awareness and professional capability, ensuring the standardization and e®æciency of the waste managementprocess. Through a comprehensive management mechanism and continuous training, the Company has fu®îherenhanced the standardization of waste management, e®ãectively mitigated environmental risks, and demonstrated itscommitment to sustainable development principles.

NMP exhaust gas treatment device

K-tech uses NMP in the cathodecoating and d®ñing process during pro-duction, which are set in an enclosedworkshop. The organic exhaust gas gen-erated is treated through the "NMP con-densation recove®ñ + rota®ñ recove®ñdevice" and then discharged at high alti-tude in compliance. The recovered NMPliquid is returned to the supplier for pro-cessing and recycling. The exhaust gastreatment e®æciency of this device reach-es 99.93% to 99.99%.

[Case: K-tech NMP Exhaust Gas Treatment System]

Sulfur dioxide

27.6kg

Nitrogen Oxides (NOx)

757kgK-tech

[Key Pe®íormance: Exhaust Gas Emission Data]

Disposal amount of hazardous waste

7.468t

Disposal amount of general industrial solid waste

12.15t

Greenway

Disposal amount of hazardous waste

1.756t

Disposal amount of general industrial solid waste

132.837t

K-tech

[Key Pe®íormance: Disposal amount of Solid Waste]

ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

3132

GREEN OPERATION MANAGEMENT

The Company continuously enhances the low-carbon awareness and energy-saving literacy of all employees through multi-level anddiverse forms of publicity and education activities. The Company deeply integrates the green concept into daily operations, actively pro-moting energy-saving practices in the o®æce environment, and cultivating employees to develop environmental protection habits such assaving electricity and reducing waste. Through energy-saving labels, promotional encouragement, and other methods, employees areguided to sta®î from small actions, transforming energy conse®ïation and emission reduction requirements into conscious actions, collec-tively creating a green and low-carbon corporate culture atmosphere.

BIODIVERSITY PROTECTION

The Company places great impo®îance on ecological environment protection, strictly adhering to the principles of sustainabledevelopment during site selection and operations. After a comprehensive assessment, the Company's current operational sitesand surrounding areas do not involve natural ecological protection areas or environmentally sensitive zones, and have not causedsigni®êcant impacts on the regional ecological environment and biological diversity. In the projects of new facto®ñ construction, andexpansion projects of the facto®ñ, the Company strictly implements the environmental impact assessment system to ensure thatthe entire process of project planning, construction, and operation complies with local environmental regulations and obtains therelevant environmental approval permits.

To actively respond to the challenges of global sustainable development, the Company continuously improves its environ-mental management system, striving to reduce the impact of operations on natural ecosystems. K-tech has formulated the Biodi-versity Protection Initiative, clarifying the goals and action plans for ecological environment protection, and popularizing theknowledge of biological diversity protection among all employees to enhance their environmental protection awareness. In thefuture, Greenway will continue to increase investment in ecological environment protection, exploring the establishment of a bio-diversity monitoring mechanism, and contributing to the sustainable development of the regional ecosystem.

WATER CONSERVATIONThe Company actively practices the concept of sustainable utilization of water resources, enhancing water use e®æciency throughtechnological innovation and management optimization. The Company's washbasins are equipped with sensor faucets, which automati-cally shut o®ã the water ®ìow without manual operation, thereby more e®ãectively conse®ïing water resources. Additionally, we plan toupgrade the irrigation system of the green belt in 2025, using watering devices with intelligent automatic pressurization and rain-sensingfunction. This measure will achieve precise control of irrigation and signi®êcantly reduce labor costs and water resources consumption.Meanwhile, the Company continuously conducts water conse®ïation publicity and education. By sharing practical water conse®ïation tips,posting water conse®ïation signs and other means, it continuously enhances employees' awareness of water conse®ïation, cultivates thehabit of saving water, and promotes the concept of water conse®ïation to take root in people's hea®îs.

ELECTRICITY CONSERVATION

The Company actively promotes measures for energy saving and consumption reduction by optimizing electricity managementthrough Intelligent transformation. Greenway has upgraded the 24-hour lighting areas such as the elevator cars at the headqua®îers base,workshop corridors, underground garage to induction lighting or time control systems to achieve lighting on demand. Meanwhile, it hasoptimized the equipment operation plan, adjusting continuously operating equipment such as water dispensers and heat pumps to atimed sta®îup mode, signi®êcantly reducing standby energy consumption. Fu®îhermore, the Company advocates employees to practiceenergy-saving behavior norms, reasonably setting air conditioning temperature according to seasonal changes, ensuring electricity is cuto®ã when people leave, cultivating good habits of electricity conse®ïation, and comprehensively improving energy use e®æciency.

PAPER CONSERVATION

ethods such as online meeting appointments and electronic document circulation. The printer is set for card printing, equipped witha waste paper recycling bin, and encourages the reuse of waste paper for printing, e®ãectively promoting resource recycling. Meanwhile,the Company actively promotes networked o®æce practices, utilizing internal emails and collaboration platforms for document transmissionand sharing, signi®êcantly reducing printing, mailing, and related o®æce costs. These measures can not only enhance work e®æciency butalso reduce resource consumption, helping achieve energy conse®ïation and emission reduction goals, and promoting the construction ofa green and low-carbon o®æce environment.

GARBAGE SORTING

The Company has con®êgured standardized classi®êed garbage recycling facilities in the o®æce area, and through variousforms of environmental protection publicity activities, it has enhanced employees' awareness of garbage so®îing. The Com-pany actively promotes the concept of green o®æce work, encouraging employees to reduce the use of disposable plasticproducts and other non-degradable materials, advocates sustainable consumption behaviors, and jointly creating an envi-ronmentally friendly and low-carbon o®æce environment.

Energy Conse®ïation Initiative

ENVIRONMENT2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

0405¹ã¶«²©Á¦Íþ2024Äê»·¾³¡¢Éç»á¼°¹ÜÖΣ¨ESG£©±¨¸æ¶­Ê³¤Ö´Ç

HUMAN RIGHTS

Human Rights ProtectionDiversity and InclusionCompensation and Bene?tsTalent Introduction and DevelopmentEmployee CommunicationOccupational Health and Safety

2024

ENVIRONMENTAL, SOCIAL ANDGOVERNANCE (ESG) REPORTGUANGDONG GREENWAY TECHNOLOGY CO., LTD.

The Company has formulated the Prohibition of Forced Labor and Use of Prison Labor Management Procedure, which clearlyprohibits any form of forced labor and use of prison labor, including but not limited to:

We rea®ærm the Company's zero-tolerance attitude towards forced labor and the use of prison labor to all employees throughthe employee handbook, company policies and onboarding training. Meanwhile, we have established smooth complaint channels toencourage employees to repo®î any form of forced labor and the use of prison labor. Employees who violate the regulations will bedealt with seriously, up to and including termination of employment contract.

3536

[Key Pe®íormance: Human Rights Protection]

HUMAN RIGHTS PROTECTION

The Company always regards human rights protection as a core component of its corporate social responsibility. It strictly complieswith the United Nations' Guiding Principles for Business and Human Rights, International Labour Organization's Core Labour Standards, aswell as the Labor Law of the People's Republic of China and the Labor Contract Law of the People's Republic of China, and other laws andregulations of the operating location, integrating the sustainable development concept into the Company's strategy, cultural advocacy, anddaily operations. The Company ®êrmly prohibits the employment of child labor, forced labor, and any form of workplace discrimination andharassment, striving to create a fair and inclusive working environment for employees, ensuring the dignity and rights of eve®ñ employee.Meanwhile, the Company resolutely refuses to cooperate in any form with suppliers that engage in the employment of child labor, forcedlabor, and any form of workplace discrimination and harassment, to promote the sustainable development of the industrial chain and theful®êllment of social responsibility.PROHIBITION OF CHILD LABOR EMPLOYMENT

The Company strictly adheres to China's Provisions on the Prohibition of Using Child Labor and related laws and regulations, formulating theChild Labor and Minor Workers Management Procedure to ensure no employment of child labor under the age of 16. Through a rigorous recruit-ment review mechanism, the "Double Ce®îi®êcate Veri®êcation" Process is implemented, verifying the authenticity of ID cards and educational ce®îi®ê-cates, rejecting any applicants with incomplete or forged documents, fundamentally avoiding the risk of child labor employment.

Although the possibility of child labor employment is extremely low, we have still established a comprehensive child labor remediation mech-anism. Once child labor is discovered, the Human Resources Administration Center will immediately stop their work, and send the individual to thehospital for a health check-up. It will conduct a comprehensive investigation of the incident, and formulate a remediation plan and repo®î to theLabor Depa®îment. After approval, they will be properly dismissed and paid the corresponding sala®ñ. The Company provides subsidies to ensurethat the child labor safely returns to their guardian. If the family of the child labor is in di®æculty, we will provide employment training oppo®îunitiesfor their family to prevent the recurrence of child labor.

If it is con®êrmed that minor workers aged 16-18 are employed, the Company will strictly follow the Regulations for the Special Protection ofMinor Workers, fully implementing occupational health protection measures, prohibiting pa®îicipation in jobs with safety risks, exceeding reason-able labor intensity, or having health hazard factors. Regular physical examinations are carried out upon employment, annually, and after reachingadulthood. Exclusive health ®êles are established to track the physical and mental development throughout the process, and the special protectionresponsibilities are systematically implemented to e®ãectively protect the legitimate rights and interests of minor workers.PROHIBITION OF FORCED LABOR

ANTI-DISCRIMINATION AND ANTI-HARASSMENTMANAGEMENTThe Company has formulated the Anti-Discrimination and Anti-Harassment Management Procedures, clearly prohibiting dis-criminato®ñ behaviors based on race, color, age, social status, nationality, religion, disability, gender, pregnancy, sexual orientation,professional quali®êcations, political a®æliation, marital status, and other factors. The Company adheres to the principle of equal payfor equal work for men and women, ensuring that women have equal employment oppo®îunities with men under the premise ofmeeting recruitment conditions. Except for jobs or positions unsuitable for women as stipulated by national regulations, the Com-pany does not refuse to hire women or raise hiring standards based on gender, and prohibits prospective employees from under-going discriminato®ñ medical examinations. The Company emphasizes the requirements of anti-discrimination and anti-harassmentmanagement during the onboarding training for new employees and establishes multiple channels for complaints, including email,phone, and suggestion box, to ensure employees' rights are fully protected.

FREEDOM OF ASSOCIATION AND COLLECTIVEBARGAINING RIGHTS

The Company respects and safeguards employees' rights to freedom of association and collective bargaining. It hopes thatemployees will conduct structured social dialogues with the Company through means such as electing employee representativesand joining trade unions, so as to establish a good, harmonious and equal labor relationship with employees. To this end, the Com-pany has established the Guangdong Greenway Technology Co., Ltd. Union Committee and the Dongguan K-tech New Energy Co.,Ltd. Union Committee. The Company's Management continuously maintains in-depth communication with trade unions and em-ployee representatives, negotiating on labor compensation, working hours and rest and leave, social insurance and bene®êts, andsigning collective contracts with legally binding clauses to clarify the responsibilities and obligations of both pa®îies.

HUMAN RIGHTS AWARENESS TRAINING

The Company deepens all employees' understanding of the impo®îance of human rights protection through human rightsawareness training and internal communication mechanisms, and ensures the e®ãective implementation of relevant policies and pro-cedures. When new employees join the Company, human rights training is carried out, covering topics such as the prohibition ofchild labor, opposition to workplace violence, anti-discrimination and anti-harassment, respect for freedom of association and col-lective bargaining rights, while integrating relevant legal knowledge to strengthen employees' legal awareness and complianceawareness.

Pe®íormance Indicators

Incidents of child labor employmentIncidents of forced or compulso®ñ laborIncidents of discriminationCoverage rate of human rights awareness trainingCoverage rate of employees with signed collective contracts

Unit

///%%

Greenway

K-tech

It is prohibited to force employees to work by means of violence, threat or other means.It is prohibited to withhold employees' identi®êcation documents, wages, or other prope®îy.It is forbidden to restrict employees' personal freedom, including limiting their ability to resign or leave.It is prohibited to use prison inmates, detainees in detention centers or other persons deprived of personal freedom to engage in labor.

HUMAN RIGHTS2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

3738

DIVERSITY AND INCLUSIONEmployees with di®ãerent backgrounds and perspectives can bring a wider range of ideas and solutions, thereby stimulatingcreativity and innovation, helping the company develop new products, se®ïices, and markets. However, employees from di®ãerentcultural backgrounds may have di®ãerences in language, communication styles, and understanding, which pose some potentialchallenges to the Company in building a harmonious and friendly workplace environment. The Company advocates the values ofrespect, understanding, and inclusion, establishing an inclusive corporate culture where all employees feel accepted, respected,and valued, maximizing the bene®êts of employee diversity to achieve sustainable development.The Company systematically promotes a diversity talent strategy, constructing a multi-dimensional recruitment matrix thatincludes social recruitment, school-enterprise cooperation, and government-enterprise talent introduction, widely attractingtalents to form an inclusive talent ecosystem covering gender, age, and cultural background. As of the end of the Repo®îingPeriod, the Company has 2,225 in-se®ïice employees, among which 1,826 are from Greenway and 399 are from K-tech, all ofwhom are full-time employees.Greenway has 1,124 male employees, accounting for 61.56%, and 702 female employees, accounting for 38.44%. In terms ofage, Greenway has not hired minor workers, with employee ages mainly concentrated between 31-40 years old. In terms of edu-cation, there are 1,437 employees with below undergraduate education and 389 employees with undergraduate and above edu-cation. In terms of ethnicity, there are 292 ethnic minority employees, accounting for 15.99%.

K-tech has 287 male employees, accounting for 71.93%, and 112 female employees, accounting for 28.07%. In terms of age,K-tech does not employ minor workers, with employees' ages mainly ranging from 19 to 30 years old. In terms of education, thereare 353 employees with below undergraduate education and 46 employees with undergraduate and above education. In terms ofethnicity, there are 86 ethnic minority employees, accounting for 21.55%.In terms of the construction of management diversity, there are 18 senior management personnel in total, among which 16are senior management personnel of Greenway and 2 are from K-tech. Greenway has 13 male executives, accounting for 81.25%,and 3 female executives, accounting for 18.75%, with 1 ethnic minority executive, accounting for 6.25%. K-tech has 2 executives,both of whom are male.Distribution of employees by gender

MaleFemale

Greenway

1,124

61.56%

38.44%

K-tech

71.93%

28.07%

Distribution of employees by age

Between 19 and 30 years oldBetween 31 and 40 years oldAbove 41 years old

40.31%

16.48%

43.21%

Greenway

42.36%

21.30%

36.34%

K-tech

Distribution of employees by educational background

Below Bachelor's degreeBachelor degree or above

1,437

78.69%

21.31%

353ÈË

88.47%

15.53%

Distribution of employees by ethnicity

Han nationalityEthnic minority employees

1,534

84.01%

15.99%

78.45%

21.55%

GreenwayK-tech

GreenwayK-tech

Note: Senior management refers to management personnel at the director level and above.

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PERFORMANCE-ORIENTED INCENTIVEMECHANISM

The Company implements a pe®íormance-oriented incentive mechanism, and has formulated a scienti®êc, standard-ized, and transparent Pe®íormance Management System closely linking employees' compensation, bonuses, equity, etc.,with pe®íormance, e®ãectively stimulating employee enthusiasm, improving work e®æciency, and enhancing enterprisebene®êts. Combining its own situation and compensation strategy, the Company implements multi-level and multi-di-mensional incentive measures through the combination of spiritual incentives and material incentives, including but notlimited to the following points:

EMPLOYEE BENEFITS

Accommodation and dining Conditions

The Company is committed to building a comprehensive, ®ìexible, and personalized welfare security system. On the basisof providing statuto®ñ bene®êts (Five Insurances and One Fund, Paid Leave) to all employees, it designs competitive additionalbene®êts according to employee needs and actual conditions. Additional bene®êts cover aspects such as health check-up,supplementa®ñ medical insurance, recreational facilities, and employee activities.

Short-termincentives

Sho®î-term incentive measures such as pe®íormance bonuses and project bonuses are establishedto re®ìect the principle of "more work, more pay".

Long-termincentives

For core employees and executives, an equity incentive plan is implemented to tie personalinterests to the long-term development of the Company.

Honor

awards

A number of honor awards are established, such as the Gold Team Award, Elite Project Award,Three Good Team Award, Medal Award, Progress Leap Award, Collaboration and Win-Win Award,Excellence Craftsman Award, etc., to enhance employees' sense of achievement and honor.

COMPENSATION AND BENEFITSThe Company strictly complies with the Labor Law of the People's Republic of China, Labor Contract Law of the People's Repub-lic of China, Social Insurance Law of the People's Republic of China, and other laws and regulations, committed to providing employ-ees with compensation and bene®êts that are competitive externally and fair internally. By continuously optimizing the compensationand bene®êts system, the Company can attract and retain outstanding talents, improving employee satisfaction and engagement,thereby enhancing enterprise competitiveness.SALARY MANAGEMENTThe Company has formulated the Compensation Management System, establishing components including basic sala®ñ, pe®íor-mance sala®ñ, piece-rate sala®ñ, allowances and subsidies, bonuses, and bene®êts, etc. Di®ãerent compensation structures are adoptedbased on the sala®ñ calculation method (Monthly Sala®ñ System, Piece Rate System, Hourly Wage System) and business form, and theCompany's compensation strategy, compensation structure, and compensation adjustment mechanism are clearly communicated toemployees through the Employee Handbook. Eve®ñ year, in addition to referring to the minimum wage standards released by the localgovernment, we also conduct a market compensation su®ïey to understand the compensation levels in the same indust®ñ, region, andposition, ensuring the Company's compensation remains externally competitive.The Company strictly complies with labor laws, ensuring that employees' salaries are not lower than the local minimum wagestandards. In 2024, the basic sala®ñ standards for all employees of Greenway and K-tech reached the local minimum wage standards,with no gender di®ãerences, fully re®ìecting the fairness and compliance of the company's sala®ñ management.The Company implements the principle of equal pay for equal work, ensuring that employees are not subjected to wage discrimi-nation based on gender, age, race, etc., ensuring internal fairness in wages. The employees' compensation situation in 2024 is asfollows:

[Key Pe®íormance: Employee Compensation Situation in 2024]Pe®íormance Indicators

The average annual compensation of male employeesThe average annual compensation of female employees

The median of the annual total compensation of all employees(excluding the individual with the highest income)

Unit

CNY 10,000CNY 10,000CNY 10,000

Greenway

10.98

15.17

13.12

K-tech

9.10

11.60

8.74

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Greenway established the "Boai Fund",which aims to provide timely ®ênancial assis-tance to employees and their families duringunexpected di®æculties. In 2024, the Boai Fundoperated e®æciently, distributing a total ReliefFund of 35,000 RMB to the families of assistedemployees.

[Case: Boai Fund Care Action]

Employee activities

Festival and bi®îhday bene®êts

Focus on employees' physical and mental health

Boai Fund, Protecting with Love

TALENT INTRODUCTION

Three-channel Precision Recruitment

The Company has formulated the Human Resources Control Procedure, always taking the professional capabil-ities, comprehensive qualities, and development potential of candidates as the core considerations, and payingspecial attention to the attraction and retention of key positions and scarce talents. We have established a system-atic recruitment channel featuring "external recruitment + internal recommendation + targeted potential explora-tion", and continuously optimized the recruitment process, signi®êcantly improving the recruitment e®æciency andthe accuracy of talent matching.

TALENT INTRODUCTION ANDDEVELOPMENT

Talent is the core resource for the Company to achieve its strategic goals. The Company consistently focuses ondevelopment strategies and business needs, adhering to the employment principle of "cultivating management cadresinternally, recruiting urgently needed professional talents externally, promoting internal talent mobility, and su®ïival ofthe ®êttest", striving to build an e®æcient and comprehensive talent management system. We sta®î from all stages oftalent attraction and retention, such as recruitment, training, assessment, and promotion, to build a high-quality, pro-fessional talent team, providing a solid talent guarantee for the Company's sustainable development.

¢Ù Multi-channel online recruitment matrix: covering BOSS Zhipin, Liepin (for ve®îical technical positions),

51job (for comprehensive positions), Zhitong (for regional positions), and the company website (the entrancefor the brand employer image);

¢Ú Strategic campus recruitment network: covering 10 key universities in China (including Double First-Class

universities such as South China University of Technology, and Xi'an Jiaotong University);

¢Û Government-enterprise collaboration in talent attraction: deeply pa®îicipating in government-led recruit-

ment projects such as Dongguan City's "Spring Breeze Action", and coordinating with campus recruitmentpromotion conferences in cities like Beijing and Shenzhen;

External Recruitment

activating all employees to recommend talents through the "Referral Bonus Mechanism", and opening up thepublic competition channels for positions across depa®îments and sequences. During the repo®îing period, atotal of 200 employees achieved horizontal mobility or ve®îical promotion;Internal recommendation:

establishing a "Targeted Recruitment" mechanism in key technology ®êelds for speci®êc positions and talent needs.

Targeted talent ®ênding:

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Re®êned Recruitment Process

TALENT DEVELOPMENT

Pe®íect Training Management Process

The Company has established the Training Management System, continuously improving the talent development systemthrough the "Headqua®îers-Subsidia®ñ-Depa®îment" three-level linkage mechanism. Through systematic needs assessment, planformulation, and resource coordination, it ensures that training activities are accurate and e®æcient. Combined with the annualstrategic goals, and based on the di®ãerences in position levels and functions, we formulate a hierarchical and classi®êed annualtraining plan. This plan constructs a complete training system that includes the new employee integration plan and the continu-ous development plan for existing employees, continuously enriching the company talent pool.

Pe®íormance Indicators

Employee ent®ñ rate:

Male employee ent®ñ rate:

Female employee ent®ñ rate:

Frontline employee ent®ñ rate:

Non-frontline employee ent®ñ rate:

Employee turnover rate:

Male employee turnover rate:

Female employee turnover rate:

Front-line employee turnover rate:

Non-frontline employee turnover rate:

Unit%%%%%%%%%%

Greenway

6.18

7.03

4.90?

8.91

2.16

5.16

5.72

4.32

7.21

2.21?

K-tech

6.15

7.09

3.90

7.81

2.01

5.08

5.42

4.19

6.52

1.34

In December of each year, the Human Resources Administration Center identi®êes trends and patterns in training needs

through questionnaire su®ïeys, employee inte®ïiews, and past training data.Training needs assessment:

The training plan is divided into the Annual Training Plan and Monthly Training Plan. The Human Resources Administration Center

conducts a comprehensive analysis of training needs submitted by various depa®îments, evaluates the alignment of training needs

with organizational goals, formulates the training plan, and releases the details to all employees or speci®êc groups.Training plan:

Through training satisfaction su®ïeys, the evaluations of trainees on training content, instructors, organization, and other

aspects are grasped. Additionally, through quizzes, practical operation assessments, and other methods, the immediate

learning achievements of trainees are tested.Training e®ãectiveness evaluation:

Based on the training plan, internal and external training resources are utilized to implement the training. The provided

training content is meticulously divided into four major categories: general, professional, management, and skill-based:

¢Ù General training: It covers courses such as corporate culture, regulations, quality literacy, communication skills, o®æce soft-

ware skills, data analysis ability, project management knowledge, emotional management, and ®êre safety prevention, aiming

to enhance employees' basic work skills and comprehensive literacy.

¢Ú Professional training: Special topic or special project courses in various business ®êelds are carried out in depth, including

but not limited to marketing course series, quality course series, lean course series, ®ênancial course series, and product

course series, ensuring employees have a solid professional foundation and cutting-edge perspective.

¢Û Management training: Management training emphasizes the construction of talent echelons and focuses on the key culti-

vation of the capabilities of management cadres at di®ãerent levels. The cadre development program [Qing Series] includes

Qinghe - Team Leader Training Camp, Qingning - Talent Rese®ïe Training Camp, Qingliu - New Cadre Training Camp, Qing-

zhu - Manager Training Camp, and Qingshan - Director Training Camp, to enhance the comprehensive leadership and man-

agement capabilities of management cadres and rese®ïe cadres.

¢Ü Skill-based training: Skill-based training focuses on improving the work skills and e®æciency of employees in their posi-

tions, such as skills training in position operation procedures and testing methods, experimental testing methods, the use of

statistical tools, and the seven principles of quality, comprehensively improving employees' practical operation ability and

problem-solving ability.

Training implementation:

Based on the job competency model, requirements for education, work experience, professional skills, andcore qualities are clari®êed;Standard setting:

Through the links of resume screening, initial inte®ïiew, professional skills assessment, behavioral inte®ïiew,and cultural ®êt evaluation, the capabilities of candidates are quanti®êed scienti®êcally;Multidimensional evaluation:

By focusing on assessing the candidate's alignment with the enterprise's values, long-term collaborativedevelopment between talent and organization is ensured.Value orientation:

[Key Pe®íormance: Employee Turnover Data in 2024]

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In order to deepen employees' professional skills, theCompany specially held the ®êrst soldering skills competi-tion. The event is divided into two major sections: theo-retical test and practical skills challenge, comprehensivelyassessing employees' theoretical knowledge and practicalabilities. To encourage the re®ênement of skills, the Com-pany established a reward mechanism to commend thosewho pe®íorm excellently in skill assessments, creating apositive atmosphere of "comparing, learning, catching upwith and surpassing each other".

[Case: First Soldering Skills Competition]

Campus Recruitment Talent Training Program

Enrich Training Resources

[Key Pe®íormance: Employee Training Data in 2024]Pe®íormance IndicatorsSkill training coverageTotal number of people trainedTotal duration of trainingTraining hours per employee

Unit

%Personshh

Greenway

1,82654,342.50

29.76

K-tech

13,787.50

34.56

Greenway Training Academy is an internal training and development academy established by the Company tocreate a learning organization and achieve sustainable development. As a core pillar of the talent strategy, itconstructs a full career cycle learning and Talent Development system. Greenway Training Academy empowersemployee growth through diverse practical courses and tiered projects like the "Qing Series Program", whilesimultaneously deepening government-enterprise cooperation projects, fully implementing skill master studio,new apprenticeship system, vocational skill level ce®îi®êcation, and other innovative practices. It has become acomprehensive empowerment platform integrating a talent cultivation base, a management change driver, aknowledge asset management platform, and a central hub for corporate culture dissemination.

Greenway Training Academy:

To fully utilize internal resources, the Company selects pa®î-time lecturers from various depa®îments to forman internal lecturer team. After ce®îi®êcation, internal lecturers are awarded an Internal Lecturer Ce®îi®êcate andenjoy incentives such as lecturer teaching allowance and merit points.Internal Lecturer Team Construction:

The "Skill Master" Studio has been established with relatively complete hardware facilities. Cultivating grassroots talentsis one of the key tasks of the Studio. In 2024, a skill level accreditation was organized, with 19 people ce®îi®êed at Level3 and 22 people ce®îi®êed at Level 4. Meanwhile, the accreditation standards for Level 1 and Level 2 were added, andthe quali®êcation for independent accreditation was obtained. With the tone of "consolidating the foundation andstrengthening internal capabilities" in its operation, the Company emphasizes internal learning and growth. The Studioactively responds to the call of focusing on "improving e®æciency" at the prima®ñ level in manufacturing operations andhas formulated a series of training plans. These plans include the training camp for prima®ñ-level management teamleaders, the Six Sigma Green Belt accreditation counseling project, the project of pairing masters with apprentices formentoring, the soldering PK competition, etc.

"Skill Master" Studio

Qingliu Program (New Cadre) Training25-36 months

Maturity Period

Deep CultivationPeriod

Exploration Period

Integration Period

Qingning program(Talented Individuals) Training13-24 months

On-the-job Internship +Depa®îment Training

4-12 months

Qingmiao Program (Qingmiao ProgramTalent) Development (Intensive Training+ Cross-position Learning)0-3 months

ProfessionalaccumulationOrganizationalcontributionCulturalpractice

Professional accumulation

Value outputCultural integrationProfessional introduction

Job competenceCultural experienceEnvironmental integration

Career transition

Cultural baptism

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DIVERSE COMMUNICATION CHANNELS

Greenway continuously deepens and improves the employee communication mechanism to ensure that the voices of eve®ñemployee can be fully heard and valued. The Company has established an all-round and multi-level communication channel,including but not limited to the Union and Employee Representative Conference, satisfaction su®ïeys, online feedback hotlines,information exchange platforms, email, phone, and suggestion box, among others. These various forms facilitate employees toexpress their demands anytime and anywhere, aiming to provide a broad stage for employees to express opinions and make sug-gestions at any time. We promise to respond quickly and properly address the reasonable needs of employees, jointly creating amore open, inclusive, and harmonious work environment.

EMPLOYEE COMMUNICATION

The Company provides employees with two career development paths: management path and technical path, to assist em-ployees in formulating clear career planning and clarifying development direction and goals. Employees can choose the develop-ment direction that best suits them based on personal ability, interests, and career planning, and continuously learn and improvethemselves to achieve personal career goals.The Company consistently adheres to the principles of openness, fairness, and justicein promotion management, and has established the Promotion Management System as auni®êed evaluation standard. We ensure that promotions are highly aligned with personalability by comprehensively evaluating position contributions, project results, and pe®íor-mance. Meanwhile, the Company has established mechanisms for regular promotionreviews, public debrie®êng, and cross-depa®îment evaluation mechanisms to ensure thetransparency and credibility of the promotion process.

Greenway upholds an open and inclusive communication culture, promoting free ®ìow of information, stimulating employees'innovation potential and sense of belonging, and ensuring eve®ñ member feels their value and the warmth of the team. The Com-pany attaches great impo®îance to employee communication, actively promoting equal dialogues between employees, betweenmanagement and employees, and between employees and the enterprise as a whole, creating a caring and harmonious work-lifespace for employees.

Promotion Management Mechanism

Peng Jiquan joined Greenway as the Director of the NB Warehouse in March 2011.With precise professional capability and outstanding management potential, he relent-lessly grew within the systematic career development path, gradually advancing to coremanagement. In Februa®ñ 2015, he se®ïed as the Supe®ïisor of the NB Warehouse. InMay 2016, he was promoted to the Manager of the NB Production O®æce. In August 2020,he was promoted to the General Manager of the NB Production O®æce. In Janua®ñ 2021,he was promoted to the General Manager of NB Division, realizing personal value andorganizational empowerment in enterprise development.

[Case: Transformation Journey from Ordina®ñEmployee to General Manager of NB Division]

TALENT DEVELOPMENT

Five-Level Hierarchical Design

The Company pays attention to talent development, providing employees with a clear career development path andbroad development oppo®îunities. It fu®îher improves the promotion standards and evaluation system, and focuses on pro-moting internal sta®ã mobility, which is conducive to stimulating employees' potential and realizing the common growth ofemployees and the Company.

Management

Category(M Series)

A total of 6 levels from M1 to M6 are set up, covering a complete management hierarchyfrom junior supe®ïisors to group executives;A total of 5 levels from P1 to P5 are set up, covering positions from junior to expe®î level;t

Technical Category(T Series),Marketing Category

(S Series),Manufacturing

Category

(O Series):

Each has 5 levels, providing a step-by-step promotion path for technical engineers,marketing engineers, and manufacturing positions.

Professional

Category

(P Series)

Dual-Channel Career Development Path for Talents

Janua®ñ 2021:

General Manager of NB Division

August 2020:

General Manager of the NBProduction O®æcer

Februa®ñ 2015:

Supe®ïisor of the NB Warehouse

March 2011:

Director of the NB Warehouse JoinedPENG Jiquan

May 2016:

Manager of the NB Production O®æce

HUMAN RIGHTS2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

ExecutivesExpe®îsMiddle-level ManagementSenior Key Sta®ãFrontline ManagementKey Sta®ã

Experienced PersonnelBeginners

Management development path

Technical development path

4950

RISK CONTROL AND HAZARD INVESTIGATION

The Company has established the Hazard Identi®êcation and Risk Assessment Control Procedure, and conducts the identi®êcation and assessmentof occupational health and safety risks covering all operating sites of the Company at least once a year. Each year, the Safety Management Depa®î-ment organizes all depa®îments to evaluate the risks brought by various potential hazard sources that may exist in all the Company's operationalactivities, equipment and facilities, materials and substances, operators, operation processes, operation environments, and operating conditions, etc.,according to the risk assessment criteria. The direct judgment method or the LEC scoring method is adopted for the assessment. Based on the controlprinciples of "Elimination, Substitution, Engineering Controls, Administrative Controls, and PPE Protection", corresponding control measures are formu-lated to maximize the reduction of occupational health and safety risks. In 2024, Greenway identi®êed a total of 125 hazard sources, including 6 majorrisks. K-tech identi®êed 425 hazard sources, including 86 signi®êcant and above risks. As of the end of the repo®îing period, internal control measureshave been taken for the above hazard sources.

The Company has established a management system for the investigation and treatment of potential safety hazards. The Company's Headquar-ters and each operating location organize a comprehensive safety inspection eve®ñ month, led by the top leader, with the heads of each depa®îmentand relevant key sta®ã conducting thorough inspections. For identi®êed accident hazards, the "Five Determinations" requirements are implemented,assigning the responsible depa®îment, responsible person, measures, funds, and progress, strictly adhering to management procedures, and regularlyorganizing safety meetings to address speci®êc issues of identi®êed accident hazards. Safety Management Personnel go deep into the site eve®ñ day,strengthening routine patrol inspections, checking personnel violations, and tracking and supe®ïising the investigation and governance of risk hazardsto ensure that hazard governance projects are completed on schedule, reducing on-site operational risks. In 2024, the Company received repo®îs ofmore than 523 potential hazards. As of the repo®îing period, all the above-mentioned potential hazards have been recti®êed.

EMPLOYEE SATISFACTIONThe Company deeply cares about employees' needs and comprehensively and thoroughly understands their voices. The Company regularlyconducts comprehensive employee satisfaction su®ïeys annually, covering ®êve core areas: company system processes, depa®îment managemente®æciency, welfare and bene®êt systems, individual career development, and team work atmosphere. It also specially sets up an employee suggestionzone to widely collect employees' expectations and feedback. Based on the su®ïey results, an improvement repo®î is formed. The Company identi®êesimprovement points and formulates solutions to ensure that the issues of concern to employees are resolved within the speci®êed time, continuouslyimproving employee satisfaction and loyalty. In 2024, the Company conducted two employee satisfaction su®ïeys. Among them, the employee satis-faction rate of Greenway Technology Co., Ltd. was 70.57%, and the employee satisfaction rate of K-tech was 70.77%.

HEALTH AND SAFETY CULTUREIn order to strengthen employees' awareness of health and safety protection and improve their consciousness of abiding byrules, regulations and labor discipline, the Company actively fosters a good health and safety culture by providing comprehensiveoccupational health and safety training, car®ñing out special activities, making promotional posters or slogans, etc. Employees areencouraged to actively pa®îicipate in occupational health and safety management, creating an atmosphere where eve®ñone talksabout safety and eve®ñthing involves safety.The Company continues to practice the training concept of"Three-level Safety Education", implementing company-level basic train-ing, depa®îment-speci®êc training, and on-the-job practical training for allemployees. Interactive forms such as case analysis and accident review areadopted to deepen employees' understanding of hazard source identi®êca-tion, health and safety protection. In 2024, the Company carried out a totalof 25 special training sessions, covering 2,039 person-times.The Company established the Emergency Plan Control Procedure,formulating emergency plans annually based on identi®êed potential occu-pational health and safety incidents, and regularly organizing drillsaccording to the plans to enhance employees' ability to respond to emer-gencies. In 2024, the Company organized a total of 26 emergency drillactivities, covering various aspects such as ®êre protection, chemical leak-age, safety of special equipment, and electrical safety, with Greenway andK-tech each organizing 13 sessions of Emergency Drill Activities.In July 2024, the Company held the "Remember the Company'sShame, Alarm Bells Ring" Safety Warning Month series of Activities, includ-ing "Safety Knowledge Learning and Quiz" Activities, "All Sta®ã Pa®îicipatein Hazard Elimination" Activities, "Fire Safety Drill" Activities, and "Emer-gency First Aid Training" Activities.

OCCUPATIONAL HEALTH AND SAFETY

The Company adheres to the occupational health and safety policy of "Safety First,Health Paramount, Prevention First, Continuous Improvement." In accordance with the ISO45001:2018 international standard and the relevant requirements of work safety stan-dardization, the company has established a sound occupational health and safety man-agement system. The Company strengthens risk prevention and control by systematicallyidentifying and assessing hazard sources in the workplace. It implements a hierarchicalsafety training system, regularly organizes diverse emergency drills, and takes a variety ofother measures to continuously improve the Company's safety management level and em-ployees' safety awareness. The company is committed to achieving the occupationalhealth and safety goals of "zero accidents, zero injuries, and zero occupational diseases."

Occupational health and safety trainingEmergency drill activities

The company carried out special training

25person-times.covering

2,039person-times.

The company organized a total ofemergency drills

26person-times.Greenway and K-tech organized emergency

drills respectively13person-times.

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5152HUMAN RIGHTS2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

The Company has established a clear and e®æcient accident repo®îing process to ensure rapid response in emergencies. Once anaccident occurs, the person involved in the accident or the on-site witness should immediately repo®î to their direct supe®ïisor oron-site person in charge, and escalate the repo®î to the head of the seconda®ñ depa®îment and Safety Management Depa®îment withinthe stipulated time. For accidents of di®ãerent levels, di®ãerent repo®îing Time Limits and paths are speci®êed to ensure information isquickly conveyed to relevant depa®îments and leaders. Pa®îicularly, when an accident that may endanger the lives of employees, maycause a major ®êre or a major environmental pollution accident occurs, the heads of the second-level depa®îments and the Safety Man-agement Depa®îment are required to repo®î to the head of the ®êrst-level depa®îment within 30 minutes. A mechanism for bypassinglevels in special circumstances is set up to ensure information is swiftly conveyed to the decision-making level.

PRODUCTION SAFETY ACCIDENT REPORT

[Key Pe®íormance: Occupational Health and Safety Data in 2024]

Accident Repo®îing Process Flow Cha®î

Pe®íormance IndicatorsNumber of Trained Personnel at Each LocationEmergency drill timesCoverage Rate of Occupational Disease Medical ExaminationIncidence Rate of Occupational DiseaseNumber of Minor Work-related Inju®ñ IncidentsNumber of Serious Work-related Inju®ñ IncidentsNumber of Employees Died Due to Work-related InjuriesNumber of Working Days Lost Due to Work-related InjuriesLoss Rate per Million Working HoursSerious Accident Rate of Lost Working Hours per Thousand People

UnitPersonTimes

%%//Person

Day

//

Greenway

1,826

7.35

0.23

0.002

K-tech

1.06

0.005

HEALTH AND SAFETY PROTECTION

The Company has formulated a series of occupational health and safety control documents such as the Occupational HealthManagement Procedure, Occupational Health Management System, and Labor Protection Equipment Management Regulations.Through regular detection of occupational disease hazard factors, organizing employees to conduct occupational health examina-tions, and providing e®ãective personal protective equipment, it minimizes employees' exposure to hazard factors (such as noise,chemical harmful substances, etc.) in the workplace, and timely detects and treats occupational diseases.

The Company equips employees in positions exposed to occupational disease hazards with PPE such as safety

helmets, earplugs, and gas masks, and assigns dedicated personnel to regularly inspect and maintain them to ensure

protection e®ãectiveness.

Personal Protection:

The Company has established a "List of Occupational Disease Exposure Positions", and implemented the occupational

health examination system for pre-job, on-the-job and o®ã-the-job situations. During the repo®îing period, the cover-

age rate of occupational disease medical examinations for employees of Greenway and K-tech was 100%, and the

incidence rate of occupational diseases was 0.

Occupational Disease Medical Examination:

The Company conducts this annually at all operational sites to identify and assess workplace hazard factors. This is

combined with engineering controls (such as ventilation system upgrades), management optimizations (such as the

job rotation system), and PPE con®êguration to comprehensively ensure operational environment safety.

Occupational Disease Hazard Factor Detection:

Note:£¨1£©The total working hours of Greenway in 2024 were 4,354,097, and the total working hours of K-tech in 2024 were 947,625.£¨2£©Lossrate per million working hours = (total number of work-related inju®ñ incidents causing lost working hours) x (1,000,000 / total workinghours);Serious accident rate of lost working hours per thousand people = (days lost due to inju®ñ) x (1,000 / total working hours).

Person Involved in theAccident or On-siteWitness

Direct Supe®ïisor or

On-site Person

in Charge

Vice Chairman orGeneral Manager

Major accidentSerious Accident

Within 30 minutesWithin 15 minutesWithin 15 minutes

Head of the seconda®ñ

depa®îment

Within 30 minutes

Head of theprima®ñ depa®îment

Within 30 minutesSafety O®æcer orFire Chief

Head of the SafetyManagement Depa®îment

0405¹ã¶«²©Á¦Íþ2024Äê»·¾³¡¢Éç»á¼°¹ÜÖΣ¨ESG£©±¨¸æ¶­Ê³¤Ö´Ç

SOCIETY

R&D InnovationQuality ManagementCustomer Se®ïice and Suppo®îSustainable Supply ChainIndust®ñ Development PromotionSocial Welfare

2024

ENVIRONMENTAL, SOCIAL ANDGOVERNANCE (ESG) REPORTGUANGDONG GREENWAY TECHNOLOGY CO., LTD.

5556SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

R&D INNOVATION

R&D STRENGTHR&D Team

The company has assembled a specialized R&D team consisting of 322 elites, with expe®îise covering batte®ñ cells, batte®ñ managementsystems, mechanical design, electrical engineering, and software, providing a one-stop supply capability for lithium batte®ñ system solutions.The core technology team consists of two pa®îs: an electrochemist®ñ research unit led by Professor Guo Huajun, doctoral advisor at CentralSouth University, and a power electronics research team headed by Professor Zhang Bo, doctoral advisor at South China University of Technol-ogy. The Company has developed a relentless innovation and industrialization capability that integrates fundamental research, technologicalinnovation, and industrial application. Notably, the average age of the R&D team is only 30 years old, maintaining the keen insight and innova-tive vitality of young researchers in new technologies, while ensuring the stability of technology inheritance through a mentoring mechanismled by senior expe®îs. This dynamic fosters a deeply integrated indust®ñ-academia-research innovation ecosystem.

Greenway adheres to the core values of "customer-centric, honest, and innovative" and upholds the quality policy of "full pa®îicipation,continuous improvement, striving for excellence, and customer satisfaction". It is committed to enhancing product quality and pe®íormancethrough relentless R&D and innovation to achieve our mission ¡ª "bringing green batteries to eve®ñ household, eve®ñ count®ñ, keeping the ea®îhclean". Guided by this great mission, the Company not only attaches great impo®îance to environmental protection and sustainable develop-ment, but also regards R&D and innovation as the core driving force for promoting business growth and corporate development.

Technical Strength

The company has established full-chain lithium batte®ñ competitiveness through six core technological strengths. Self-developed BMS systemsand multi-chemist®ñ compatible cells are integrated with a full-lifecycle management platform for batte®ñ health monitoring and cloud-based optimi-zation. Enhanced hardware safety and environmental adaptability via thermal runaway containment technology, welding-free structures, andIP67-rated protection. Hardware-software co-design suppo®îing multi-batte®ñ parallel connection and a 36V-400V wide-voltage platform, combinedwith structural, thermal, and pe®íormance simulation for reliability prediction. A closed-loop technology ecosystem spanning material innovation,intelligent control, and real-world scenario validation, delivering high-safety, long-cycle-life, and highly adaptable lithium batte®ñ solutions for energystorage, light electric vehicles, and consumer electronics.

Laborato®ñ Strength and Quali®êcationsThe Company's laborato®ñ has established an indust®ñ-leading detection technology platform, equipped with a clusterof cutting-edge devices covering the entire R&D cycle of batte®ñ cells. The laborato®ñ is equipped with core devices such asplasma emission spectroscopy, laser pa®îicle size analyzer, speci®êc su®íace area analyzer, gas chromatography, and electro-chemical workstation. It can precisely complete the electrochemical pe®íormance tests such as cell materials¡¯ mobility, energydensity, cycle life, and safety pe®íormance veri®êcation under extreme conditions such as overcharge/overdischarge, nail pen-etration, crush testing, and high-temperature thermal runaway. The professional engineering team provides scienti®êc sup-po®î for the optimization of batte®ñ cell structure design, material system iteration, and process parameter validation throughstandardized and modular detection processes, e®ãectively ensuring product pe®íormance compliance rate and quality stabili-ty.

BMS

CELL

FULL LIFECYCLE

MANAGEMENT

SYSTEM

01 Data analysisFull lifecycle management system, batte®ñ health warning, cloud optimization02 Structural designThermal spreading technology, welding-free technology, full product matrix

IP67 waterproof03 Hardware designVehicle grade materials, modular design, internationally renowned suppliers04 Software design

Precise strategy control, high-precision SOC measurement and high-precision

SOH measurement05 Soft and hard combination

BMS has built-in double cells to realize multi-batte®ñ parallel connection. It is

compatible with high voltage platform from 36V to 400V, with low heat

production and high safety06 SimulationStructural, thermal and pe®íormance simulation to achieve multi-dimensional

pe®íormance and comprehensive safety evaluation

Plasma emission spectroscopyLaser pa®îicle size analyzerSpeci®êc su®íace area analyzerGas chromatography

Microwave digester

Scanning electron microscopespectrometer

Carbon and sulfur analyzerPotentiometric titrator

Electrode tensile testerSeparator puncture testerGlove boxTap density tester

Electrochemical workstationViscosity testerTrace moisture analyzerTrue density tester

5758

In addition, Greenway Laborato®ñ possesses international authoritative quali®êcations and multiple ce®îi®êcations. Its corelaborato®ñ is ce®îi®êed by the China National Accreditation Se®ïice for Conformity Assessment (CNAS) and complies with theISO /IEC 17025:2017 international standards, ensuring that its testing capabilities and management system meet globalstandards. Meanwhile, Greenway Laborato®ñ has obtained the witnessed testing quali®êcation authorized by SGS, enabling itto complete critical tests under international third-pa®îy supe®ïision and fu®îher strengthen global testing resource integra-tion as an SGS pa®îner laborato®ñ.

Laborato®ñ Accreditation Ce®îi®êcate

R&D Achievement: R&D of Safe Lithium Batte®ñ Cells for Electric Two-Wheelers

Batte®ñ Cell Structure Design and Innovation

Material System and Process Design Development

Charge and dischargetest cabinet

Double-door hightemperature chamber

Thermal abuse test chamber

Overcharge andoverdischarge tester

Double-layer high-lowtemperature chamber

Double-layer hightemperature chamber

Jet combustion tester

Compression andpuncture tester

Golden Hoop Stick 34145 is born forelectric two-wheeled vehicles

Shell

Top cover

Greenway's Golden Hoop Stick Batte®ñ features high safety, long lifespan, andlow-temperature usability. It does not contain precious metals like nickel andcobalt. It can pass the indust®ñ's most stringent Single cell nail penetration test,and is compatible with various chemical systems. It is especially carefully createdfor two-wheeled vehicle users.

Negative currentcollectorFull tabInsulation spacerPositive currentcollector

Full tab design

Steel structure

Steel shellHigh strength

Low Activity, Low Oxygen Evolution Positive ElectrodeWide Temperature, Highly Stable Negative Electrode and ElectrolyteHigh Safety Coated SeparatorMultiple Visual InspectionAppearance Inspection, Slitting Burr Inspection,and Winding Coating InspectionStability InspectionSu®íace Density InspectionMultiple Hipot ScreeningWinding, Flattening, Current Collector Welding,Sealing, Mid-Long Term K, Multiple K Values

SystemDesign

InputProcessControl

ProcessDesignSafetyControl

andProtection

Ceramic Protective LayerO®ãset Design of Large-Area Positive/Negative ElectrodesMid-Long Term K Values

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

Fully charged inte®íace at 0.5¡æ-10¡æ

Flattened edgeCeramic edge

Cu foilNegative electrode edgePositive electrode edgeWinding CCD

Xray detection picture

5960

Pe®íormance Indicators

R&D investmentNumber of research and development personnel

UnitCNY 10,000

Person

Greenway11,902.82

K-tech1,492.44

Batte®ñ Pack Simulation Model Development

R&D Achievement: R&D of Safe Lithium Batte®ñ Cells for Electric Two-Wheelers

Welding-Free Batte®ñ Pack with Stepwise Utilization Capability

The energy storage products provide power assurance for nearly ten thousandhouseholds or commercial and industrial owners in South Africa

[Key Pe®íormance: Research and Development status]

Press Plate

Press Plate

Cell Bracket

Cell Bracket

Tightening Screw

Tightening Screw

Connector Piece

Connector PieceBatte®ñ Cell

BMS

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

Multi-dimensional precision simulation, driving batte®ñ safety, and pe®íormance optimizationAir cooling and heatdissipation of batte®ñ pack

Temperature rise veri®êcationand comparisonBatte®ñ thermal management:

Temperature ®êeld distribution predictionHeat dissipation scheme optimization

Bus current simulationCurrent density and electric ®êeld simulationOptimizing electrical connection reliability

Structural strength simulationMechanical stress/vibration/impact analysis of batte®ñ packsCell crushEnsuring structural integrity under extreme conditions

Batte®ñ pack dropCell sealing simulation

Impact simulation

Simulation

model

Pouch cell simulationBatte®ñ pack crushBMS vibrationParametric electro-thermal model for

multi-layer batte®ñ packs

Electrical

Thermal

Mechanical

Nickel sheet current analysis

R&D Achievement: R&D of Safe Lithium Batte®ñ Cells for Electric Two-Wheelers

6162

INTELLECTUAL PROPERTY PROTECTION

Invention patentUtility model patentAppearance design patentSoftware copyrightsTotal

1,087

Patent AchievementsThe Company always regards technological innova-tion as the core driving force for enterprise developmentand has now established a comprehensive intellectualprope®îy protection system. As of the end of the repo®î-ing period, a total of 951 patents have been applied for,including 203 invention patents. A total of 716 patentshave been authorized, including 645 domestic patents,71 international patents, and 67 invention patents. Thisseries of innovative achievements not only consolidatesthe Company's leading position in the indust®ñ but alsomakes signi®êcant contributions to promoting the prog-ress of green energy technology. In the future, we willcontinue to increase research and development invest-ment, improve the innovation mechanism, and strive forgreater breakthroughs in key core technology ®êelds.

Intellectual Prope®îy SystemGreenway has established the Knowledge Management Procedure, aiming to standardize and optimize the man-agement of knowledge assets within the Company, ensuring the accumulation, sharing, and application of technologicalinnovation and Intellectual prope®îy. Meanwhile, the Company has set up the Group Patent Incentive Program toencourage employees to actively pa®îicipate in patent application and innovation. Based on the technical nature, marketprospects, and practical application value of the patent, the Company o®ãers generous rewards for relevant inventionsand innovations, thereby motivating all employees to actively engage in R&D and technological innovation, driving theenterprise's technological leadership. In addition, K-tech has formulated the Patent and Project Management Method,through which this methodology allows for orderly advancement of patent and project management. K-tech clari®êesvarious responsibilities and processes of patent management, strictly controlling and managing the entire process fromtechnical research and development, patent application, patent protection to commercialization. Through e®ãective proj-ect management, it ensures that patent technology can be e®æciently transformed into the enterprise's core competi-tiveness.

Through these measures, the Company not only enhances its technical strength and market competitiveness but alsoprovides strong protection for Intellectual prope®îy, promotes technological innovation, and improves the enterprise's sus-tainable development capability. These initiatives fully re®ìect the Company's sense of responsibility and commitment in pro-moting technological innovation, strengthening Intellectual prope®îy protection, and ful®êlling social responsibility, laying asolid foundation for the Company's long-term development.

[Key Pe®íormance: Patent Achievements and Software Copyrights]

Added in 2024Cumulative number

Note: The above data includes Greenway and K-tech.

Number ofapplications (units)Pe®íormance Indicators

Number ofacquisitions (units)

Number ofapplications (units)

Number ofacquisitions (units)

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

6364

QUALITY ASSURANCE CAPABILITYTaking the ISO 9001 quality management system and the IATF 16949 automotive indust®ñ standard as the core framework, the Com-pany has established a three-tier collaboration platform consisting of the Quality Assurance Center, Product Quality Center, andAfter-sales Se®ïice Center, forming a closed-loop management framework of "prevention-control-traceability". The Quality ManagementDepa®îment, as an independent organization, implements a CEO ve®îical management model, enjoying a privileged channel to repo®îdirectly to the CEO within the organizational structure, ensuring the authority of decision-making and the independence of execution. Interms of technical suppo®î, the professional laborato®ñ accredited by the China National Accreditation Se®ïice for Conformity Assessment(CNAS) is equipped with high-precision testing equipment, capable of executing international standard tests such as GB 31241-2014,GB/T 36972-2018, providing assurance for product safety and compliance. Meanwhile, the Company introduces a digital system to sys-tematically achieve the standardization, transparency, and intelligence of quality management.

QUALITY MANAGEMENTThe Company has always adhered to the core values of "quality-driven, safe and reliable", practicing the core philosophy of "full pa®îicipa-tion, continuous improvement, striving for excellence, and customer satisfaction", and establishing a systematic quality management system.By integrating lean production methodology and digital system to implement the concept of continuous improvement, the Company system-atically eliminates production waste, optimizes resource e®æciency, and provides a solid foundation for quality stability.

Comprehensive Quality Management Platform Organizational StructureThe Company's Quality Management Platform is centered around the Quality Assurance Center, Product Quality Center, and After-salesSe®ïice Center, covering system ce®îi®êcation , supplier management, and multi-product division (LB/NB/KD) production quality control,achieving a "R&D-Production-After-sales" full-link closed-loop management. Through the collaborative efforts of the QE and QC teams,as well as the global after-sales service network in countries such as China, Belgium, and Indonesia etc. a comprehensive and completequality assurance system has been established.

Con®êguration of Professional Laborato®ñ and High-precisionTesting Equipment

The Company has established a professional laborato®ñdedicated to ensuring that product safety pe®íormance meetsinternational standards. This depa®îment strictly adheres toimpo®îant domestic and international safety regulations, pos-sesses various standard testing capabilities, and conductscomprehensive safety testing on products. In the future, theCompany will keep up with the development trends of inter-national safety standards, relentlessly expanding testingcapabilities and ce®îi®êcation scope, fu®îher enhancing productsafety veri®êcation levels, and providing safe and reliable prod-uct assurance for global customers.

High-frequency vibration table

Testing Quali®êcations

GB 31241-2022GB 43854-2024IEC 62133-2:2017+AMD1:2021UN 38.3(ST/SG/AC.10/11/Rev.8/Subsection 38.3)

ANSI/CAN/UL/ULC 2271:2023

Mechanical shock tableDrop test table

Charge and discharge cabinet

High and low temperature

impact chamber

Test Equipment

Organizational Structure of the Quality Management Platform

Quality Management Platform

Quality Assurance CenterSystem and Ce®îi®êcationManagement Depa®îment

DCC

Supplier Quality

ManagementDepa®îment

LB QualityDepa®îment

NB QualityDepa®îment

KD QualityDepa®îment

DomesticAfter-sales

BelgiumAfter-sales

IndonesiaAfter-sales

Product Quality CenterAfter-sales Se®ïice Center

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

PRODUCT LIFECYCLE QUALITY MANAGEMENT

The Company has established a quality management system that spans the entire product lifecycle, covering the threecore stages of R&D, production, and after-sales. Through systematic process design and re®êned control tools, it achievescomprehensive quality risk prevention and control across the entire value chain, along with relentless optimization.

6566

Digital Quality Management Tool of "One Center, Eight Systems"

Digital Quality Management Platform of "One Center, Eight Systems"

The Company has built a digital quality management platform based on "One Center, Eight Systems". Taking the IMS asthe center, this platform integrates eight major systems: MES, QCS, WMS, EAM, SPC, Andon System, BI, IOT(Internet ofThings), and connects the quality data chain from design, production to warehousing, and after-sales se®ïice. Throughreal-time data monitoring and analysis, this platform can quickly identify and respond to potential risks, providing strongdata suppo®î for the continuous improvement of the Company's product quality management capabilities, ensuring highquality and reliability of products.

The Company takes IPD (Integrated Product Development) as the core framework to establish a

cross-depa®îment collaboration mechanism during the stages of concept initiation, plan formulation, devel-

opment, and veri®êcation. Through TR (Technical Review) and DCP (Decision Review) checkpoints, combined

with APQP (Advanced Product Quality Planning) tools, it accurately identi®êes CTQ (Critical to Quality) char-

acteristics and completes reliability veri®êcation. Quantitative Quality Gates are set at each stage to clarify the

deliverable standards for requirement analysis, design veri®êcation, and process implementation, ensuring full

traceability of all elements.

Research and Development Front-end: IPD System Drives Quality Prevention

In the production phase, the six elements of "man-machine-material-method-environment-measurement"are con®êrmed at the sta®î of the line, with joint veri®êcation by production, engineering, and quality teams toensure compliance at the production line sta®îup. Unquali®êed products are intercepted through a three - levelprotection mechanism of "self - inspection, mutual inspection, and special inspection", and key processes aremonitored in real - time in combination with SPC (Statistical Process Control). The SQDC (Safety, Quality, Delive®ñ,Cost) visual kanban management is implemented, and the MES system is integrated to dynamically track indica-tors such as work order completion rate and ®êrst-pass yield rate.

Production Process: Hierarchical Control Ensures Zero Defects in the Process

In the after-sales phase, feedback is collected through the VOC (Voice of the Customer), and the RMA (Re-turn Merchandise Authorization) system is used to quickly identify root causes, applying FACA (Failure Analysisand Corrective Action) and CIP (Continuous Improvement Plan) to drive design and process optimization. Mean-while, a 4M (Man, Machine, Material, Method) change control mechanism is established to ensure full traceabilityof improvement measures, forming a quality ecological closed loop of "prevention-control-improvement".

After-sales Closed Loop: Data-driven Continuous Improvement

Product Lifecycle Management and Quality Control Process

¡¤Demand Identi®êcation/Analysis¡¤Develop APQP Plan¡¤Pa®îicipate in TR Review¡¤Con®êrm CTQ¡¤Reliability Testing¡¤DPAL Issue Closure

¡¤Con®êrm CTP¡¤Follow-up Pilot Test¡¤PPAL Issue Closure¡¤Five Characteristics

¡¤Supplier Audit/¡¤Incoming Material

¡¤First A®îicle Inspection,¡¤MES, 100% Functional Testing¡¤Self-inspection/Mutual¡¤Finished Product Inspection¡¤4M Change¡¤SPC

¡¤VOC Collection¡¤Quick Response¡¤RMA Repair¡¤FACA¡¤CIP

CustomerRequirements

DQEPQEPQE/IPQC/FQACQESQE/IQC

Concept¡ª¡ªPlan¡ª¡ªDevelopment¡ª¡ªVeri®êcation¡ª¡ªReleaseMaterial ProcurementProductionAfter-sales Se®ïice

IOT: Internet of ThingsANDON: Andon SystemSPC: Statistical Process ControlEAM: Enterprise Asset Management

WMS: Warehouse Management System

IMS System

MES: Manufacturing Execution SystemQCS: Quality Control System

BI: Business Intelligence

Veri®êcation

Coaching Inspection

Patrol InspectionInspection/Special Inspection

(2485 Principle)

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

6768

LEAN CONTINUOUS IMPROVEMENTThe Company is driven by the dual core of "Lean Production" and "Continuous Improvement". Greenway has formulatedthe Continuous Improvement Management System, and K-tech has established the Improvement Proposal ManagementSystem, constructing a full-value chain management system covering R&D, manufacturing, and the supply chain. Relying ontools such as 6S on-site management and standardized operations, the Company systematically eliminates production waste.Meanwhile, with improvement proposals, focused topics, and Six Sigma Green Belt projects as carriers, it stimulates the inno-vative vitality of all employees, achieving pa®îicipato®ñ management where "eve®ñone is an improver". By establishing adynamic control platform of "target decomposition-process monitoring-pe®íormance closed loop", the Company integratescross-depa®îment resources to achieve full link precision control, signi®êcantly sho®îening the delive®ñ cycle and reducingquality risk.

The Company has established a three-level improvement matrix of "simple proposals-special topics-strategic break-throughs", relying on the Continuous Improvement Depa®îment's ledger for project classi®êcation and grading management,and encouraging innovation through a monthly, qua®îerly, and annual three-level recognition mechanism. In 2024, the PerCapita Productivity (UPPH) increased from 5 to 6.5, representing an increase of 30%. More than 5,600 proposals were imple-mented, covering eight major areas including process optimization and energy consumption management, created directeconomic bene®êts of 4.42 million RMB.

The eighth Lean Improvement Journey hosted by Greenway was themed "Extreme Lean Breakthroughand Rise", where Greenway's management and Business Unit Leaders gathered for the Lean ImprovementJourney activities, conducting in-depth on-site inspections of the improvement projects in 2024 at the facto®ñfrontline. The proposers vividly explained the cases of technological innovation through physical demonstra-tions, and the functional depa®îments simultaneously shared process optimization results. Through workshopobse®ïation and conference discussion, eve®ñone could directly experience the e®æciency improvement andcost optimization brought by 5,649 proposals.

[Case: Lean Improvement Journey]

Greenway's Eighth Lean Improvement Journey

Greenway regularly holds focustopic review meetings, where the execu-tive team reviews the progress of topicson-site and sets up the "Star of Struggle"award to motivate the improvers. In2024, cost reduction of approximately

1.2449 million RMB was achieved

through improvements in focus topics.

[Case: Focus Topics Special Breakthrough]

Greenway NB Business Unit Ninth Focus Topics Kick-o®ã Meeting

In 2024, Greenway's variousproduction depa®îments, from theProduction Center to the PMO, suc-cessfully completed 15 Six SigmaGreen Belt projects. These projectssystematically promoted the imple-mentation of the lean improvementculture and provided methodologicalsuppo®î for the continuous optimiza-tion of quality, e®æciency, and cost.

[Case: SSGB Six Sigma Green Belt Project]

Honora®ñ Awarding of the Six Sigma Ce®îi®êcate

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

6970

PRODUCT RESPONSIBILITYHazardous Substance ManagementAs a professional batte®ñ design and manufacturer, the Company consistently inte-grates the sustainable development concept throughout the product lifecycle. As an envi-ronmentally conscious enterprise, the Company takes Hazardous Substance Free (HSF) asa core design principle, strictly adhering to customer requirements and international envi-ronmental regulations from the early stages of product development, strictly managingthe Restriction of Hazardous Substances (ROHS), and the Registration, Evaluation, Autho-rization and Restriction of Chemicals (REACH) standards, which specify prohibited andrestricted substances. By establishing a green product design system, the Company prior-itizes the use of recyclable and degradable environmental materials and has obtainedIECQ QC 080000 Hazardous Substance Process Management System Accreditation toensure products meet international environmental and quality standards. In the supplychain segment, the Procurement Depa®îment strictly implements supplier environmentalquali®êcation review to ensure the environmental compliance of raw materials from thesource, providing customers with safe and sustainable green product solutions, aiding theindust®ñ's green transformation.

QUALITY CULTUREThe Company continuously promotes the construction of quality culture through four types of work: quality training,quality promotion, quality activities, and quality improvement.

Product Safety

Accreditation test item:

The Company ensures that product safety pe®íormance meets standards by establishing a comprehensive safety manage-ment system. The Company formulates a series of safety guidelines, and comprehensively evaluates product safety by combiningactual test veri®êcation and safety regulation compliance review. Meanwhile, danger warning signs and explosion warning signs areprominently marked on the exterior of the product to clearly ale®î users and related technical personnel of potential risks, prevent-ing safety hazards caused by improper use of the batte®ñ, thereby ensuring the safe use of the product.During the repo®îingperiod, the Company's batte®ñ products won the world's ®êrst EN50604-1:2016+A1:2021 ce®îi®êcate issued by SGS, an internationalce®îi®êcation body.

Trade Safety

Under the high standard principles of actively practicinginternational trade safety and facilitation, Greenway has beenawarded the AEO Advanced Ce®îi®êed Enterprise Ce®îi®êcate o®æ-cially issued by General Administration of Customs of the People'sRepublic of China through comprehensive and meticulous auditsand strict professional evaluations. This not only highlights Green-way's internationally leading level in international trade compli-ance management and supply chain safety but also provides asolid and powe®íul guarantee for the global trade safety of theCompany's products.

Note: In addition to the above accreditation projects, Greenway products have also passed the following regional marketce®îi®êcations: China Compulso®ñ Ce®îi®êcation (CCC Ce®îi®êcation), Taiwan Market (BSMI Ce®îi®êcation), Korea Market (KC Cer-ti®êcation), India Market (BIS Ce®îi®êcation), Russia Market (Gost-R Ce®îi®êcation), Chemical Testing (ROHS, REACH).

IECQ QC 080000 HazardousSubstance Process Management Ce®îi®êcate

AEO Advanced Ce®îi®êed

Enterprise Ce®îi®êcate

UN

CE

CB

Other

Batte®ñcommand

PSE

FCC

UL

IC

Summa®ñ of Accreditation Projects in 2024

QualityTraining

Training plans are developed for employees at di®ãerent levels, o®ãering diverse courses througha combination of internal instructors and external expe®îs. The training content covers coursessuch as ISO three standards, IATF 16949 internal audit training, SSGB training, basic knowledgeof electronic components, compliance, and basic quality awareness.

QualityImprovement

Set up encouragement awards for rationalization proposals to enhance employees' awareness ofautonomous improvement.

QualityPromotion

1. Car®ñ out centralized promotional activities during quality month, fu®îher reinforcing quality

awareness among all employees through prize-winning quizzes, debate competitions, and pro-cess error-®ênding activities.

2. The Company has launched the "Lean Calendar" and selected 12 lean-related books, each with

a QR code for easy access and reading.

QualityActivities

1. Conduct lean improvement journey activities;

2. Implement various forms of quality improvement initiatives such as focus topics, Total Produc-

tive Maintenance (TPM), IE topic improvement, Quality Team Evaluation, rationalization sugges-tions, SSGB, etc.;

3. Host a quality activity month, enhancing team collaboration and quality awareness through

diverse quality activities like knowledge competitions, "Spot the Di®ãerence", Mid-Autumn Festivallantern riddles, debates, etc.

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

7172

¾«ÒæµÀ³¡Åàѵ

Lean Figures

Lean Moments

Quality Activity Month

Monthly Summa®ñ Meeting of Continuous Improvement

in the LB Operation Center

Lean Dojo Training

"I manufacture, and I am responsible! I create,and I unde®îake!" Theme Knowledge Contest

"Spot the Di®ãerence" - SOP Gap Analysis

Mid-Autumn Festival Quality Lantern Riddles ActivityK-tech Second Improvement Journey

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

7374

Procurement Regions

Chinese Local ProcurementOverseas ProcurementTotal

Number of Suppliers

Procurement Amount Ratio (%)

93.34

6.66

CUSTOMER SATISFACTIONThe Company attaches great impo®îance to the improvement of customer satisfaction and has established the CustomerSatisfaction Management Regulations. Through the annual su®ïey, it accurately covers the Top 10 customers, strategic cus-tomers, and new product delive®ñ customers of each product line. Sales personnel distribute and collect the Customer Satis-faction Su®ïey, which is then compiled into a summa®ñ table for in-depth analysis, resulting in a summa®ñ repo®î. In responseto customer dissatisfaction, a "non-conformance repo®î" is issued, and the internal responsible depa®îments are urged totake corrective/preventive measures. The results are fed back to customers, and all records are kept according to the "Docu-ment and Record Control Procedure". Through multiple channels, customer feedback is comprehensively collected and ana-lyzed to accurately assess customer satisfaction with the Company's products and se®ïices.In 2024, the Company adopted a comprehensive scoring mechanism (comprising scores from the customer satisfactionsu®ïey, customer scorecard, and internal pe®íormance monitoring, averaged to determine customer satisfaction) to analyzecustomer satisfaction for the electric motorcycle product line. The analysis showed that 85.71% of customers scored 90 orabove on the su®ïey, with an average score of 89.73. Customers who rated it as "ve®ñ satis®êed" accounted for 42.86%, andthose who rated it as "satis®êed" accounted for 57.14%. There were no negative comments, and the score was 100. Based onexcellent pe®íormance in indicators such as on-time delive®ñ, complaint handling, and market failure rate, the internal pe®íor-mance monitoring score was 96.43. Therefore, the customer satisfaction score was 95.39 in 2024. In the future, the Companywill continue to improve new product development, pricing, project management, and process levels to achieve higher cus-tomer satisfaction.CUSTOMER COMPLAINT HANDLING PROCESS

The Company has established the Customer Complaint Handling Control Management Standard, focusing on e®æcientlyresolving customer complaints, reducing losses for both pa®îies, and improving customer satisfaction. This standard clearlyde®ênes complaint classi®êcation, process, and time limit, ensuring that all types of complaints, especially formal complaints,are promptly responded to and properly handled according to the 2485 principle (®êrst response within 2 hours - emergencyresponse within 24 hours - root cause governance within 48 hours - closed-loop veri®êcation within 5 working days). Throughcross-depa®îment collaboration, the Quality Center takes the lead in investigation, analysis, and veri®êcation, while the rele-vant responsible depa®îment formulates and implements corrective and preventive actions to achieve a closed-loop solutionto the problem. Meanwhile, customer complaint data is regularly analyzed and archived, and the lessons learned are fed backto the R&D and other links to promote the continuous improvement of quality. The Company promises to reply to complaintswithin the stipulated time and taking emergency containment measures, using the 8D method to ensure that complaints arehandled systematically and thoroughly, demonstrating the Company's professionalism and sense of responsibility.

PRODUCT RECALL

Greenway has established a complete product recall management system and formulated the Product Recall Manage-ment Measures, which clearly stipulate the recall process, division of responsibilities, and emergency handling mechanism toensure a quick response and e®ãective measures when products have quality issues or exceed harmful substance limits. Thespeci®êc recall process is as follows: After the recall situation is discovered (such as customer complaints, failed inspections,etc.), the project team conducts a review and con®êrms the recall scope, formulating and approving the recall plan, issuing arecall announcement to notify relevant pa®îies, implementing the recall and records and tracks it, isolates the recalled prod-ucts, compiling a repo®î and conducts an evaluation after the recall ends, and ®ênally verifying the recall procedure and for-mulates improvement measures.

CUSTOMER SERVICE AND SUPPORT

The Company upholds the core values of "customer-centric, honest, and innovative" by enhancing customer se®ïicequality through an e®æcient response mechanism, systematic management system, cross-depa®îmental collaboration,data-driven continuous improvement strategy, e®æcient communication platform, and a se®ïice attitude that balancesprofessionalism and responsibility. This ensures that customer inquiries and complaints receive immediate feedback,showcasing professional standards and a high sense of responsibility in eve®ñ se®ïice interaction, thereby comprehen-sively enhancing customer satisfaction and loyalty.

SUPPLIER OVERVIEWThe Company has established a supply chain system mainly focusing on the supply of core raw materials for batte®ñmodules, which mainly covers key materials such as positive and negative electrode main materials, batte®ñ cells, electroniccomponents, hardware pa®îs, plastic pa®îs, etc. In terms of supplier selection and management, the Company attachesimpo®îance to product quality, delive®ñ capability, and supply stability. Meanwhile, the Company actively implements a local-ization procurement strategy to suppo®î regional economic development. In 2024, the Company worked with a total of 524raw material suppliers, including 520 Chine se local suppliers and 4 overseas suppliers, with the local procurement amountratio reaching 93.34%, and overseas procurement amount ratio at 6.66%, fully re®ìecting the Company's emphasis on supplychain localization and sustainability. In th e future, the Company will continue to optimize the supplier management system,promote the green transformation of the supply chain, so as to achieve coordinated development of economic bene®êts andenvironmental bene®êts.

SUSTAINABLE SUPPLY CHAINThe Company regards suppliers as impo®îant pa®îners, aspiring to work with suppliers to create a win-win indust®ñ develop-ment environment and achieve the creation of functionality and value pursued by customers. Simultaneously, the Companyadheres to the concept of sustainable procurement. In terms of supplier cooperation, in addition to focusing on quality, price,delive®ñ capability, and other factors, the Company also expects to leverage its strong in®ìuence and wide reach to incorporateenvironmental and occupational health and safety requirements into our impo®îant criteria for selecting suppliers.

[Key Pe®íormance: Situation of Raw Material Procurement Suppliers]

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

7576

SUPPLIER MANAGEMENT

The Company has established a supplier management system and developed a comprehensive supplier evaluation system. Thisspeci®êcation covers requirements such as product quality standards, corporate credit, and compliance management. New sup-pliers are required to sign core agreements, including Supplier Quality Agreement, Supplier Integrity Agreement, Supplier Pur-chase Agreement, and Supplier Con®êdentiality Agreement. During the repo®îing period, more than 90% of suppliers within theCompany's management scope completed the agreement signing.Suppliers are required to sign the Environmental and Occupational Health and Safety Requirements Notice, which clearly incor-porates key clauses on environmental management and occupational health and safety.The requirements for sustainable development are integrated into the system, such as requiring suppliers to provide an envi-ronmental compliance report, material composition table/MSDS, safety certification certificate etc. when sending samples, andemphasizing the preferential selection of customs AEO advanced ce®îi®êed enterprises to strengthen trade safety and legalcompliance management.

System construction:

In the new supplier admission assessment, the procurement team of Greenway adheres to the following core selection princi-ples to ensure that supplier qualifications are deeply aligned with Greenway's strategic needs:

Compliant operational capability: Legally engage in production and operation, and possess both a business license and nec-essa®ñ production and operation licenses.Compliance with customs requirements: We give priority to selecting enterprises that are advanced ce®îi®êed enterprises underthe customs AEO advanced ce®îi®êed enterprises. Before introducing a supplier, the enterprise credit rating and any illegal ordishonest activities of the enterprise must be checked on the [China Customs Enterprise Impo®î and Expo®î Credit InformationPublicity Platform];Corporate credit: If a newly introduced supplier does not have customs registration for impo®î and expo®î operations, theenterprise must be checked on the [National Enterprise Credit Information Platform] for any illegal or dishonest activities. Ifsuch activities are found, cooperation will not be considered.

New Supplier Access Audit:

The Company conducts monthly pe®íormance assessments and annual supplier reviews for new and quali®êed suppliers toimprove the level of supplier management.Monthly Assessment: Quali®êed, strategic, and customer-designated suppliers are assessed in four dimensions: quality (SQEScore), delive®ñ time, price, and se®ïice (Procurement Score). They are categorized into A, B, C, D four level based on totalscores. Di®ãerent management systems are applied to suppliers of di®ãerent levels. Higher-level suppliers are prioritized fororder allocation, while suppliers whose assessment results are at Level D must submit a Supplier Monthly AssessmentImprovement Repo®î and be tracked for recti®êcation by the responsible depa®îment.Annual Review: Combined with the annual list of quali®êed suppliers, a supplier on-site assessment plan is compiled and exe-cuted according to quality pe®íormance, annual pe®íormance assessment, purchase volume, and other factors.Elimination mechanism setting: If Level D suppliers fail to rectify or trigger speci®êc conditions (such as major anomalies),they are moved to the blacklist according to Supplier Recti®êcation and Elimination Management.

Supplier Pe®íormance Appraisal:

Raw material supplier agreement signing rate forSupplier Quality Agreement, Supplier IntegrityAgreement, Supplier Purchase Agreement, andSupplier Con®êdentiality Agreement

90%

Number of supplier exchange/training meetings held

[Key Pe®íormance: Raw Material Suppliers Related Data]

CONFLICT-FREE METALS MANAGEMENTThe Company is committed to building a responsible and sustainable mineral supply chain management system, strictlyadhering to the Due Diligence Guidance for Responsible Supply Chains of Minerals from Con®ìict-A®ãected and High-RiskAreas of the Organization for Economic Co-operation and Development (OECD), Chinese Due Diligence Guidelines forResponsible Mineral Supply Chains of the China Chamber of Commerce of Metals, Minerals & Chemicals Impo®îers & Expo®î-ers (CCCMC), and the Dodd-Frank Act among other international standards and regulations. The Company explicitly requiresitself and its suppliers to conduct due diligence on the sources of key minerals such as Gold (Au), Tantalum (Ta), Tungsten(W), and Tin (Sn) to ensure they do not originate from con®ìict zones or high-risk areas. The Company incorporates relevantdue diligence management requirements into supplier contract terms, to formulate the Con®ìict-Free Metals Policy and Com-mitment, and to require all suppliers involved in the mineral supply chain to sign this commitment. The Company has a totalof 166 metal suppliers, and has signed the Con®ìict-Free Metals Policy and Commitment with 84 suppliers, achieving a sign-ing rate of 50.60%.

Greenway is committed to establishing long-term stable strategic pa®î-nerships with suppliers to promote the collaborative development of thesupply chain. The Company regularly organizes supplier capacity build-ing activities and holds a supplier special training and exchange meetingannually to help suppliers enhance their environmental and socialresponsibility management capability.

Enhancement of Sustainable Development Capability:

Supplier training

Greenway

7sessions

Signing Rate of Suppliers for the Con®ìict-Free Metals Policy and Commitment

50.60 %

[Key Pe®íormance: Supplier Responsible Mineral Commitment Data]

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

7778

PROMOTION OF STRATEGIC COOPERATION ANDEXCHANGE IN THE INDUSTRY

Greenway is committed to deepening strategic cooperation and exchange both within and outside the indust®ñ to enhance brand image,expand market in®ìuence, and drive business growth. To achieve this, we adopt a multi-dimensional strategy.We actively integrate into the indust®ñ ecosystem by joining multiple domestic and international business associations closely related toour business, such as the European Light Electric Vehicle Association, Dongguan Batte®ñ Indust®ñ Association, and Dongguan Energy StorageIndust®ñ Alliance, to strengthen indust®ñ connections. These measures enable us to quickly capture indust®ñ trends, expand our business net-work, and obtain cutting-edge indust®ñ information.We highly value exhibitions as an impo®îant platform for indust®ñ exchanges. The Company actively pa®îicipates in various signi®êcantinternational and domestic exhibitions, such as global exhibitions, the Canton Fair, auto shows, motorcycle exhibitions, and electronics exhibi-tions, to comprehensively showcase the Company's innovative products and technical strength. These exhibitions not only enhance the Compa-ny's brand awareness but also provide us with valuable oppo®îunities to engage in face-to-face communication with domestic and internation-al customers, pa®îners, and indust®ñ expe®îs, fu®îher broadening the Company's market channels and business scope.

The star of this exhibition is the Golden Hoop Stick 34145 Bat-te®ñ, a safety-oriented lithium batte®ñ specially designed by Green-way for two-wheeled electric vehicles. The Golden Hoop Stick34145 batte®ñ explains the characteristics and advantages of largecylindrical full tab steel shell structure lithium batteries from theaspects of batte®ñ cell structure design and innovation, materialand process design development: low internal resistance, fast heatdissipation, high e®æciency; high strength, impact resistance; goodproduct consistency, safe and reliable.

[Case: Exhibition | Mountain City has "Lithium" Greenway Lithium Batte®ñ Shines at the 16thChina International Batte®ñ Fair]

[Case: Greenway Ignites the Motorcycle Expo, Stunning the Audience with ComprehensiveProducts, and Attracting Indust®ñ Attention with Hardcore Strength]

At the exhibition site, Greenway showcased its electric motor-cycle solutions and cutting-edge technological achievements.Among them, Greenway's high-end custom solutions representedby DM332 and DM73, using high energy density LG 21700 batte®ñcells, have advantages such as high rate, high safety, and high sta-bility. Combined with Greenway's high-voltage BMS speci®êcallydeveloped for electric motorcycles (the detection unit can suppo®îup to 100 series batte®ñ packs), it can easily achieve e®æcient andrapid energy transfer within the batte®ñ. Currently, this series ofcustomized products is widely used by electric motorcycle manu-facturers such as Surron, Talaria, and Niu, bringing consumers anultimate and powe®íul driving experience.

[Case: Focus on Canton Fair©¦Greenway Lithium Batte®ñ Leads the New Wave of Green Technology]

On November 5, 2024, Greenway, with its power solutions forelectric motorcycle and electric-assisted bicycle, was invited to par-ticipate in the 2024 EICMA exhibition in Milan, Italy. EICMA is one ofthe most in®ìuential two-wheeled exhibitions in the world. At thisexhibition, Greenway showcased safe, intelligent, and green travelsolutions to the indust®ñ with the theme of "Safety, SustainableDevelopment, Intelligence".

[Case: Greenway's Dual-Wheel Drive "Core" Strategy Debuts at Milan Two-Wheel Exhibition EICMA]

On September 13, the China International Motorcycle TradeExhibition (abbreviated as "Motorcycle Exhibition") opened inChongqing. As the only national-level professional motorcycle exhi-bition in our count®ñ, the Motorcycle Exhibition has become aworld-leading professional motorcycle exhibition, leading newtrends in indust®ñ development.

DEEPENING INDUSTRY-UNIVERSITY-RESEARCHCOLLABORATIONGreenway actively builds an indust®ñ-university-research collaboration platform, jointly promoting batte®ñ technology research and devel-opment with multiple universities, and strengthening the cultivation of indust®ñ talents. On June 15, 2021, Greenway signed a ®êve-year "Ad-vanced Lithium-ion Batte®ñ Manufacturing Key Technologies" school-enterprise cooperation project with Central South University, focusing onhigh-pe®íormance large cylindrical batte®ñ and solid-state batte®ñ technology breakthroughs. Centering on material innovation and processoptimization, the project has carried out simulation of large cylindrical batteries, development of lithium manganese oxide batte®ñ functionalelectrolyte, construction of solid-state/semi-solid batte®ñ systems, exploration of sodium-ion batte®ñ technology, and cutting-edge research onsilicon anode, prelithiation, and metal lithium anode, covering the entire chain of research and development from basic materials to systemintegration. Up to now, a total of 18 invention patents have been applied for (3 authorized), achieving 72% of the technical goals, laying thefoundation for overcoming the bottleneck of high energy density and high safety lithium batte®ñ manufacturing, and assisting Greenway intechnology iteration and industrialization in the ®êelds of energy storage and electric vehicles. Since the launch of the indust®ñ-university-re-search strategic cooperation with South China University of Technology on June 27, 2024, both pa®îies have focused on jointly tackling keyproblems in the ®êeld of new power electronics conversion and control technology. At present, the technical research and development projectof "Single Cell Charge-Discharge High Gain Bidirectional DC Conve®îer Development" has been fully carried out, and the deep integration oftechnological innovation and industrial application has been promoted through deepening the school-enterprise cooperation mechanism.Additionally, the Company has jointly applied for the 2024 Dongguan Major Science and Technology Project with institutions such asGuangdong University of Technology and South China Agricultural University. This project focuses on the ®êeld of "new energy", especially theresearch and industrialization of "energy storage batte®ñ technology and key materials". As the leading organization, the Company is responsi-ble for project application, implementation, periodic summa®ñ, and ®ênal acceptance, while also unde®îaking the main roles of funds investmentand technological achievements transformation.

INDUSTRY DEVELOPMENT PROMOTIONGreenway has always regarded promoting indust®ñ progress as an impo®îant mission of the enterprise. Through deepening indust®ñ-uni-versity-research collaboration, strengthening indust®ñ strategic exchanges, and actively pa®îicipating in indust®ñ ecosystem construction, it iscommitted to contributing to technological innovation and sustainable development in the new energy ®êeld. With an open and collaborativeattitude, the company closely cooperates with universities, research institutions, and indust®ñ pa®îners to jointly tackle technical challenges andpromote the enhancement of indust®ñ standards and technological progress. Simultaneously, Greenway actively pa®îicipates in domestic andinternational exhibitions and indust®ñ activities to expand brand in®ìuence, promote the coordinated development of the industrial chainupstream and downstream, and inject new momentum into the prosperity and innovation of the indust®ñ.

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

7980

[Case: Planting Hope, Adding More Green to the Ea®îh]

COMMUNITY INVOLVEMENTSince its establishment, the Company has had a profound understanding of its interdependent relationship with thecommunity, integrating social responsibility into strategic decision-making and daily operations. Based on a comprehensiveconsideration of community dependency and the actual in®ìuence of the enterprise, we ensure that development does notcome at the expense of community rights, and actively build a two-way communication social pa®îicipation mechanism topromote transparent information ®ìow, and achieve harmonious win-win outcomes for the enterprise and the community.

On the occasion of Tree Planting Day in Year 2024, Greenway launched a green initiative with the theme"Planting Hope, Adding Green Carbon to the Ea®îh". A volunteer team composed of 7 core employees, in collab-oration with a professional landscaping institution to scienti®êcally plant 100 native trees in Dongguan Ecologi-cal Park to high standards. This initiative not only added 2,000 square meters of green coverage to the commu-nity but also innovatively established a full-cycle management system of "tree adoption-growth tracking-car-bon sink measurement". By installing intelligent monitoring equipment and organizing regular visits, it ensures a98% su®ïival rate of the trees and transforms the environmental concept into visual data, thereby deepeningemployees' ecological awareness.

ASSISTING IN UNIVERSITY EMPLOYMENT

The Company pays attention to the employment issues of universities, understanding the impo®îance of university grad-uates to national development, as their employment concerns personal future, social stability, and economic sustainabledevelopment. Although South China University of Technology has achieved remarkable results in employment education, itstill faces challenges such as intensi®êed competition in the graduate employment market and tight resource allocation, espe-cially in suppo®îing graduates from disadvantaged families, building employment internship bases, and enhancing employ-ment capabilities, which urgently require more suppo®î. The Company's donation of 30,000 RMB successfully alleviated theschool's ®ênancial pressure, optimized employment se®ïices, assisting students in need, enhancing students' employmentcompetitiveness, achieving a win-win situation for multiple pa®îies, and injecting new vitality into the development of educa-tion and indust®ñ.

SOCIAL WELFARE

The Company has always deeply integrated social responsibilityinto the enterprise's genes, practicing the concept of "taking fromsociety, giving back to society" through concrete actions. We haveestablished a public welfare brand matrix covering community careand educational suppo®î, and explored a social responsibility practicemodel of "Public Welfare + Culture + Employee Pa®îicipation" withinnovative thinking, actively contributing to sustainable development.

[Case: Protecting the Ea®îh, GW in Action]On April 20, 2024, Greenway successfully held an Ea®îh Day event at Fuling Lake with the theme "Protectingthe Ea®îh, GW in Action", attracting the active pa®îicipation of approximately 100 employees. By integratinghealthy hiking activity with the "Environmental Guardian Action", employees personally practiced the green travelconcept, promoted environmental knowledge to tourists, advocated green travel, picked up litter along the way,and demonstrated deep care and responsibility for environmental protection through practical actions, highlight-ing Greenway's positive contribution and ®êrm commitment to promoting social welfare and ful®êlling socialresponsibility.

SOCIETY2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

CORPORATE GOVERNANCE

Improvement of Corporate GovernanceIdenti?cation and Analysis of Material TopicEconomic Bene?tsCompliance ManagementBusiness Ethics ManagementInformation Security and Privacy ProtectionInternal Audit

2024

ENVIRONMENTAL, SOCIAL ANDGOVERNANCE (ESG) REPORTGUANGDONG GREENWAY TECHNOLOGY CO., LTD.

8384CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

[Key Pe®íormance: Situation of the General Meeting of Shareholders]

[Key Pe®íormance: Situation of the Board of Directors]

[Key Pe®íormance: Situation of the Specialized Committees of the Board of Directors]

GOVERNANCE STRUCTURE

General Meeting Of Shareholders

IMPROVEMENT OF CORPORATE GOVERNANCE

The Company strictly complies with the China Securities Regulato®ñ Commission's Code of Corporate Governance forListed Companies, establishing a governance structure composed of the Shareholders' Meeting, Board of Directors, and man-agement, ensuring clear responsibilities, standardized operations, and guaranteeing the fairness and scienti®êc nature of deci-sion-making. The company selects, appoints and removes directors and supe®ïisors in accordance with the provisions of theCompany's A®îicles of Association, ensuring that the Board of Directors and the Board of Supe®ïisors can play an impo®îantrole in major decision-making and operation management.

The Shareholders' Meeting of the Company is the highest authority, exercising its powers according to law to ensure share-holders' rights. The Company formulates the Rules of Procedure for General Meetings of Shareholders in accordance with the Com-pany Law of the People's Republic of China, Rules on Shareholders' General Meetings of Listed Companies, and other relevant laws,regulations, normative documents, and the A®îicles of Association. The General Meeting of Shareholders of the Company is dividedinto the Annual General Meeting of Shareholders and the Extraordina®ñ General Meeting of Shareholders, with the former held oncea year and the latter convened under speci®êc circumstances. The Board of Directors, Board of Supe®ïisors, and eligible sharehold-ers can propose to convene an Extraordina®ñ General Meeting of Shareholders, following strict procedures and legal requirements.The meeting must be announced according to law, and a legal opinion must be provided to ensure compliance. The General Meet-ing of Shareholders is conducted through on-site meetings, and voting can also be pa®îicipated in via the Internet and othermeans, ensuring the convenience and fairness of shareholders exercising their rights.

The Company places great emphasis on the diversity construction of the Board of Directors. At the time of electing membersof the Board of Directors, the Company adheres to a comprehensive and prudent principle, considering various factors such as thecandidate's gender, educational background, professional experience, and term of o®æce. Through this initiative, the Company iscommitted to creating a Board of Directors with a balanced skill set, rich experience, and diverse perspectives. This is to fully lever-age the synergistic e®ãects of diversity, providing broader vision and more e®æcient suppo®î for the Company's strategic deci-sion-making. During the repo®îing period, the Board of Directors consisted of 5 directors, including 2 independent directors. TheBoard of Directors has established an Audit Committee, Strategy Committee, Nomination Committee, and Remuneration andAppraisal Committee, and sets up relevant specialized committees as needed. All members of the specialized committees are com-posed of directors, among which independent directors should account for more than half and se®ïe as conveners in the AuditCommittee, Nomination Committee, and Remuneration and Appraisal Committee. At least one independent director in the AuditCommittee should be an accounting professional. The Company emphasizes various factors such as indust®ñ experience, back-ground, and gender of the members of Board of Directors to ensure that the composition of the of Board of Directors is both opti-mized and diverse. Directors are elected or replaced by the General Meeting of Shareholders and may have their duties terminatedby the General Meeting of Shareholders before the expiration of their Term of O®æce. The term of o®æce of a director is three years,and they may be re-elected upon the expiration of their term.

Board of Directors

Greenway

The Board of Directors of the Company, as the core decision-making body of operations management, is responsible forformulating the company development strategy, supe®ïising company operations management, and selecting and evaluating seniormanagement personnel, among other key responsibilities. The Board of Directors always strictly follows the provisions of the A®îiclesof Association, within the authorization scope of the General Meeting of Shareholders, adhering to the principle of prudence,making scienti®êc decisions on the Company's major business activities and development goals, and fully safeguarding the long-terminterests of the Company and all shareholders.

The Board of Directors is accountable to the General Meeting of Shareholders, regularly repo®îing work progress and acceptingsupe®ïision and guidance. Through this mechanism, the Company ensures the scienti®êc and democratic nature of the governancestructure, providing a solid institutional guarantee for the Company's steady development.

General Meeting of Shareholders

Board of Directors

President

Board of Supe®ïisors

Nomination Committee

Strategy CommitteeAudit CommitteeRemuneration andAppraisal Committee

Pe®íormance Indicators

Audit Committee

Nomination Committee

Number of Members

Number of Meetings Held

Number of items reviewed by theGeneral Meeting of Shareholders

13Number of Items

Number of General Meeting ofShareholders held2Number of Time

Number of matters reviewed at the Board of Directors

34Number of Items

Number of Board of Directors held

5Number of Times

Greenway

8586

[Key Pe®íormance: Situation of the Board of Supe®ïisors]

DEVELOPMENT COMMITTEE

Decision-making LevelOperation LevelExecutive Level

The Development Committee of the Company is directly established and led by the General Manager, adopting alayered governance structure to form a closed-loop management system of strategic decision-making, execution andimplementation, and collaborative interaction. To clarify the development management functions, the DevelopmentCommittee has established the following management organizational structure:

Board of Directors

Development CommitteeGeneral Manager

Review and approve the Company's sustainabledevelopment strategic planning and objectives;Review and approve the sustainable governancestructure and impo®îant sustainable developmentpolicies;Ensure the e®ãectiveness of risk management andthe internal control system; assess the Company'ssustainable development-related risks and oppor-tunities. Supe®ïise the operation of the Company'ssustainable development management.

Board of Directors (Decision-making Level)

Review and approve the Company's sustainabledevelopment repo®î;Be responsible for reviewing the Company's annualsustainable development work budget executionand achievements, compiling a repo®î to present tothe Board of Directors;Closely monitor sustainable development-relatedmatters that have a signi®êcant impact on the Com-pany's sustainable development, and repo®î to theBoard of Directors in a timely and accurate manner.

General Manager (Operation Level)

Formulate speci®êc measures and planning for sus-tainable development management policy;Advocate and implement the Company's integritymanagement, risk management, and other relatedwork;Develop policies related to the Company's sustain-able development, and conduct regular statisticsand updates;Track, review, and revise the implementation ande®ãectiveness of the Company's sustainable devel-opment;Other matters resolved by the General Manager tobe handled by the committee.

Development Committee (Executive Level)Working Group (Executive Level)

Board of Supe®ïisors

The Board of Supe®ïisors is the Company's supe®ïiso®ñ body and is accountable to the General Meeting of Share-holders. The Board of Supe®ïisors shall legally inspect the Company's ®ênance, supe®ïise the legal compliance of thedirectors and senior management personnel in pe®íorming their duties, exercise other powers stipulated in the A®îicles ofAssociation, and safeguard the legal rights of the Company and shareholders. During the repo®îing period, the Companyrevised the Rules of Procedure for the Board of Supe®ïisors and other governance systems in accordance with changesin relevant laws, regulations, and normative documents, as well as the actual situation of the Company. These revisionsfu®îher clari®êed and standardized the responsibilities of the General Meeting of Shareholders, Board of Directors, andManagement Level in company governance, thereby fu®îher improving the Company's governance system.

Greenway

Number of matters reviewed by theBoard of Supe®ïisors

19Number of ItemsNumber of Board of Supe®ïisors held

4Number of Times

Board Secreta®ñ O®æceFinance CenterStrategic Planning Depa®îmentLegal A®ãairs Depa®îmentManpower Administration CenterResearch and Development CenterOperation CenterManpower Administration CenterManufacturing Depa®îmentSales Depa®îmentQuality Assurance CenterPurchasing Depa®îmentResearch and Development CenterProcess and Information Center

CorporateGovernance Group

EnvironmentalGovernance Group

Social ResponsibilityManagement Group

Formulate and implement speci®êc work plans at alllevels of sustainable development in accordance withthe Company's sustainable development managementpolicies and objectives;Conduct regular statistics and analysis of sustainabledevelopment-related data, and submit them to theDevelopment Committee for review to understand theprogress of achieving the Company's sustainable devel-opment management pe®íormance targets;Assist in the preparation of the Company's annual sus-tainable development repo®î, submit it to the committeeand the General Manager for review and approval, anddisclose it;Ful®êll other responsibilities assigned by the com-mittee.

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

8788

STAKEHOLDER TOPIC COMMUNICATION

IDENTIFICATION PROCESS OF MATERIAL TOPICThe Company conducts materiality analysis by referring to the topics of concern in the Sustainable Development Repo®îing Stan-dards (GRI Standards 2021) released by the Global Repo®îing Initiative, the EU Corporate Sustainability Repo®îing Directive CSRD, and theListed Company Sustainability Repo®îing Guidelines of Shanghai Stock Exchange. It systematically evaluates the Company's businessactivities, business relationships, and their sustainable development context, deeply analyzes the composition of stakeholders, and com-prehensively identi®êes and assesses the Company's actual and potential impacts in the economic, environmental, and social (includinghuman rights) ®êelds. The speci®êc process is as follows:

Through a systematic process of identifying material issues, the Company identi®êes stakeholders closely related to its business, com-prehensively assessing the Company's impact in the economic, environmental, and social ®êelds. Subsequently, 448 valid feedbacks werecollected through a questionnaire su®ïey, and topics were quantitatively scored and ranked in impo®îance from the impact impo®îancedimension. Ultimately, highly impo®îant topics such as climate change response and occupational health and safety were identi®êed, pro-viding a decision basis for sustainable development management through the matrix analysis method.

IDENTIFICATION AND ANALYSIS OFMATERIAL TOPICStakeholdersStakeholderCategory

Concerned TopicsCommunication Channel

DockingDepartmentEnvironmentalAddressing Climate ChangeHuman Rights ProtectionTalent Introduction andSustainable Supply ChainImprovement of CorporateGovernanceBusiness Ethics ManagementInformation Security andInternal Audit

Government InspectionExchange VisitsRegular Work Repo®îsGovernment o®æcial websiteReceiving government documentsPa®îicipation in policy conferences

Public A®ãairsDepa®îment

Compliance Regulato®ñ Inspection

Public A®ãairs Depa®îmentQuality ManagementLegal CenterFinance CenterHuman ResourcesEnvironmental Management SystemAddressing Climate ChangeGreen Operation ManagementOccupational Health and SafetyCustomer Se®ïice and Suppo®îInformation Security and PrivacyR&D and Innovation

SSE e-InteractionTelE-mailPe®íormance Brie®êngOn-site Communication

Board Secreta®ñ O®æce

Addressing Climate ChangeGreen Value ChainGreen Operation ManagementBusiness Ethics ManagementBiodiversity conse®ïation

Satisfaction su®ïey

Sales ManagementDepa®îment

Green Value ChainGreen Operation ManagementSustainable Supply ChainQuality managementInformation Security and

Sign an agreement or contract

Procurement CenterQuality Management

Customer return visitDaily communication

Qua®îerly AssessmentAnnual EvaluationRegular visitsOn-site auditHigh-level exchange visits

Sales ManagementDepa®îmentRegional MarketingDepa®îmentHigh-level exchange visits andmeetings

Regional MarketingDepa®îment

Government/Regulatory Agencies

Suppliers andBusiness Partners

Investors

Customers

External Stakeholders

Topic Collection and Identification

The Company identi®êes ESG material topics through a systematic process. Firstly, it thoroughly so®îs out and con®êrms stakeholdersclosely related to the Company's business, including shareholders and investors, employees, customers, suppliers and pa®îners,government and regulato®ñ bodies, and the surrounding community and public, to ensure the comprehensiveness and representa-tiveness of topic identi®êcation. Ultimately, 24 issues were identi®êed as the scope of material topics disclosed in this year's repo®î.

Impact Identification and AnalysisThe Company conducts a classi®êcation evaluation of the identi®êed issues, pe®íorming a scienti®êc analysis from the topic impactimpo®îance dimension. Through a questionnaire su®ïey, we extensively collect stakeholders' evaluation opinions on the topic impactdegree and occurrence probability, and pe®íorm quantitative scoring. A total of 448 valid questionnaires were collected this year,providing reliable data suppo®î for issue evaluation.

Importance Evaluation

Based on the results of quantitative evaluation, the Company analyzes from the topic impact impo®îance dimension and ranks eachissue into three levels of impo®îance: high, medium, low. After internal multiple rounds of discussion and referencing external expe®îopinions, the highly impo®îant issues in 2024 were ultimately identi®êed as: climate change response, occupational health andsafety, talent introduction and development, human rights protection, improving corporate governance.

Review and Approval Mechanism

The Company has established a regular evaluation and dynamic update mechanism for ESG material topics, and we have set up anannual review mechanism to timely track topic management e®ãectiveness and continuously optimize management strategy.

Management System

Development

Privacy Protection

Protection

Privacy Protection

policy acquisition

Administration Center

Platform

Platform

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

8990

Exchange Visits

Meeting Pa®îicipation

Research andQuality ManagementBoard Secreta®ñ O®æce

Strategic PlanningBoard Secreta®ñ O®æce

Standard Drafting

Water Resources ManagementGreen Value ChainBiodiversity conse®ïationHuman Rights ProtectionDiversity and InclusionPublic WelfarePromote indust®ñ developmentCompliance ManagementBusiness Ethics ManagementR&D and Innovation

Daily communication

ManpowerAdministration Center

Addressing Climate ChangeWater Resources ManagementGreen Value ChainGreen Operation ManagementBiodiversity conse®ïationCustomer Se®ïice and Suppo®îSustainable Supply ChainPublic WelfarePromote indust®ñ developmentCompliance ManagementBusiness Ethics ManagementInformation Security and PrivacyInternal AuditR&D and InnovationQuality management

Daily communicationExchange Visits

Strategic PlanningBoard Secreta®ñ O®æce

Addressing Climate ChangeGreen Value ChainGreen Operation ManagementHuman Rights ProtectionDiversity and InclusionPublic WelfarePromote indust®ñ developmentEconomic Bene®êtsCompliance ManagementInformation Security and PrivacyR&D and InnovationQuality management

Research andDevelopment Center

Community Residents

Public Welfare andCharity Organizations

Industry associations

Media/PublicExternal Stakeholders

Operation Center

Trade Union

Addressing Climate ChangeWater Resources ManagementGreen Value ChainHuman Rights ProtectionSustainable Supply ChainPublic WelfarePromote indust®ñ developmentImprovement of CorporateEconomic Bene®êtsCompliance ManagementInternal AuditR&D and InnovationEmployee CommunicationQuality management

Finance Depa®îmentBoard Secreta®ñ O®æce

Workers' Congress

Rationalization Proposal

Sign a labor contractSatisfaction su®ïeyOnline Feedback HotlineInformation Exchange Platform

Financial Repo®îAudit Repo®î

Meeting Resolutionsand Records

Board Secreta®ñ O®æce

Addressing Climate ChangeGreen Operation ManagementHuman Rights ProtectionDiversity and InclusionCompensation and Bene®êtsTalent Introduction andOccupational Health and SafetySustainable Supply ChainPublic WelfarePromote indust®ñ developmentImprovement of CorporateEconomic Bene®êtsCompliance ManagementBusiness Ethics ManagementInformation Security andEmployee Communication

ManpowerAdministration Center

Directors,Supervisors,and Executives

General Employees

Internal Stakeholder

Protection

Protection

Marketing Depa®îment

Marketing Depa®îmentDevelopment Center Center

Development

Governance

Privacy Protection

Stakeholders

StakeholderCategory

Concerned TopicsCommunication Channel

DockingDepartmentStakeholders

StakeholderCategory

Concerned TopicsCommunication Channel

DockingDepartment

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

Governance

9192

SUMMARY ANALYSIS OF MATERIAL TOPICSDuring the evaluation process of material topics, the Company has established a scienti®êc and comprehensive evalua-tion system, sta®îing from topic impact impo®îance dimension evaluation. To ensure the objectivity and representativeness ofthe evaluation results, the Company systematically collected professional evaluation opinions on the topic impact degreefrom various stakeholders through a standardized questionnaire su®ïey method, and used the Like®î ®êve-point scale forquantitative scoring. In this annual evaluation, a total of 448 valid questionnaires were collected, covering core stakeholdergroups such as investors, customers, employees, suppliers, and community representatives, providing su®æcient data suppo®îand empirical basis for topic impo®îance evaluation. Based on the quantitative analysis results, the Company used the matrixanalysis method to scienti®êcally classify the identi®êed topics, providing a decision basis for subsequent strategic planningand sustainable development management.

ECONOMIC BENEFITS

During the repo®îing period, the Company continued to deepen its market layout, successfully expanded into multi-ple emerging markets, and established solid cooperative relationships with numerous quality clients, driving steadygrowth in product sales and fu®îher enhancing market competitiveness. In terms of R&D innovation, the Company hasbeen continuously increasing its investment in technology, optimizing product structure, and launching more competi-tive high value-added products to meet the increasingly diverse market demands. Meanwhile, the Company has beenactively optimizing its internal management, improving operational e®æciency, and promoting the deep application ofthe re®êned management model to ensure the stable operation of overall business. Despite challenges in the externalMarket Environment, the Company has still maintained a stable operational foundation and continuously optimizedbusiness strategy, laying a solid foundation for future sustainable growth.

Environment

Environmental Management SystemAddressing Climate ChangeWater Resources ManagementGreen Value ChainGreen Operation ManagementBiodiversity Conse®ïation

Human Rights ProtectionDiversity and InclusionCompensation and Bene®êtsTalent Introduction andEmployee CommunicationOccupational Health and Safety

Customer Se®ïice andQuality managementSustainable Supply ChainPublic WelfarePromote Indust®ñR&D and Innovation

Improvement of CorporateEconomic Bene®êtsCompliance ManagementBusiness Ethics ManagementInformation Security andInternal Audit

SocietyGovernance

AddressingClimate Change

OccupationalHealth and Safety

Economic Benefits

Improvement Of Corporate Governance

Compliance Management

Business EthicsManagement

Internal Audit

Information Security AndPrivacy Protection

Talent Introduction AndDevelopment

Human Rights Protection

Diversity And Inclusion

Compensation And Benefits

Sustainable Supply Chain

R&d And Innovation

Promote Industry Development

Employee Communication

Customer Service And Support

Public Welfare

Quality Management

Green Operation Management

Environmental Management System

Biodiversity Conservation

Water Resources Management

Green Value Chain

Impact on nature and society

Impact on ®ênanceLowly impo®îant topics

Moderately impo®îant topicsHighly impo®îant topics

Guangdong Greenway 2024 ESG Topic Impo®îance Matrix

Total assets

26.92CNY 100 million

Operating revenue

18.44CNY 100 million

Tax amount

2,074.64CNY 10,000

Net pro®êt attributable toshareholders of listed company-0.97CNY 100 million

Basic earnings per share-0.97RMB/share

R&D investment

1.34CNY 100 million

Safety investment

1,246.86CNY 10,000

Environmental protectioninvestment

676.10CNY 10,000

Investment in employee training

82.63CNY 10,000

[Key Pe®íormance: Situation of Economic Bene®êts]

Note: The above data is referred to the Company's annual repo®î

Governance

Privacy ProtectionDevelopment

Suppo®î

Development

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

ANTI-CORRUPTION

The Company consistently adheres to the principle of anti-bribe®ñ, strictly implementing anti-corruption management measures. It ®êrmlyeliminates any form of corrupt behavior, including embezzlement, misappropriation of public funds, misappropriation of duties, and abuse ofpower, and so on. For any employees found to be involved in corrupt behavior, the Company, in accordance with legal and regulato®ñ require-ments, as well as the Company's Employee Handbook and other regulations, maintains a "Zero Tolerance" attitude and handles the matter seri-ously. The measures include but are not limited to: administrative sanctions such as warnings, demerits recorded in the personal ®êle, demo-tions, and removal from o®æce; termination of the labor contract; recove®ñ of illegal gains; and, when necessa®ñ, transfer to the judicial authori-ties for criminal liability in accordance with the law. Meanwhile, the Company uses typical case noti®êcation and warning education to deter andstrengthen all employees' awareness of compliance. The Company will continue to improve the long-term anti-corruption mechanism, deepenintegrity risk prevention and control, strengthen supe®ïision and management in key areas and critical links, create a clean and upright busi-ness environment, and provide strong suppo®î for the healthy and sustainable development of the enterprise. We welcome supe®ïision of allemployees and all sectors of society to jointly maintain the clean operation and good image of the enterprise.

BUSINESS ETHICS MANAGEMENT

The Company has established the Code of Business Conduct to clearly regulate the business conduct of employees and pa®îners, ensur-ing all business dealings comply with the ethical standards of integrity and fairness. The Company upholds high standards of business ethics,advocating integrity management and transparent management, ensuring all business decisions and operational activities comply with ethicalstandards, maintaining market fairness, and ful®êlling social responsibility.

RISK MANAGEMENT

The Company places a high emphasis on risk management within governance, formulating the Internal and External Environment andStakeholder Requirements Identi®êcation and Risk Management Procedures, establishing a comprehensive risk assessment system to fully iden-tify and analyze internal and external environmental factors, including political factors, economic factors, social factors, technological factors,and regulato®ñ factors. By formulating a scienti®êc risk and oppo®îunity analysis, developing response strategies, strengthening internal control,and enhancing risk warning capability, the Company ensures stable operations in a complex market environment, achieving sustainable devel-opment. In terms of risk assessment management, the Company always adheres to the principles of pre-event, in-event, and post-event man-agement to ensure that it can e®ãectively respond to various risks in operational links such as cargo timeliness, cargo quality, cost control, andsafety assurance. The speci®êc measures include:

Through the above measures, the Company relentlessly enhances its risk management level, ensuring competitiveness in a complex andvolatile market environment, laying a solid foundation for achieving long-term sustainable development.

9394

INFORMATION DISCLOSURE

The Company strictly follows the regulato®ñ rules for listed companies on the STAR Market, establishing a multi-level dis-closure mechanism: regularly releasing ®ênancial repo®î annual repo®îs and ESG special repo®îs, including the disclosure ofcarbon emissions, product safety, and other social responsibility pe®íormance.

COMPLIANCE MANAGEMENT

Compliance management is the cornerstone of stable enterprise operations. It ensures that the Company remains lawfuland compliant in an increasingly complex laws and regulations environment, reducing legal and operational risk, and main-taining corporate reputation.

The number of announcements and related documents disclosed by the Company in 2024

90copies

[Key Pe®íormance: Situation of Information Disclosure]

TAX MANAGEMENT

Greenway

In its daily operations, the Company strictly adheres to national and local tax laws and regulations, ensuring the legalityand compliance of tax declaration, payment, and other processes. In the future, the Enterprise plans to systematically estab-lish and improve the tax management policy and system, clarify tax management objectives, principles, and processes,strengthen the tax risk prevention and control mechanism, and enhance the standardization and e®æciency of tax manage-ment. Meanwhile, the enterprise will strengthen internal tax training to ensure that relevant personnel can promptly graspthe latest tax policy, optimizing tax planning, and achieving a balance between tax compliance and cost optimization, pro-viding strong suppo®î for the enterprise's sustainable development.

Company Tax Evasion and TaxAvoidance Incidents0Number of cases

K-tech

Company Tax Evasion and TaxAvoidance Incidents

0Number of cases

[Key Pe®íormance: Situation of Tax Management]

Pre-event Prevention:

Through comprehensive risk identi-®êcation and assessment, emergencyresponse plans are formulated inadvance to ensure that potentialrisks are e®ãectively prevented.

In-event Monitoring:

During the operation process, keylinks are monitored in real time topromptly identify and address risks,ensuring the stability of the opera-tional process.

Post-event Summa®ñ:

Conduct in-depth analysis ofoccurred risk events, to summarizelessons learned, optimize the riskmanagement process, and preventsimilar issues from recurring.

Note: The above data includes Greenway and K-tech.

9596

FAIR COMPETITION

The Company promises to strictly adhering to the principles of fair competition and will not engage in any unfair compe-tition behaviors, such as commercial defamation, malicious price competition, theft of trade secrets, or market manipulation,to ensure a fair and orderly market environment. All employees must follow legal and fair competition methods and must notuse false information, misleading statements, or exaggerated publicity to attack competitors. It is prohibited to disclose orillegally obtain the trade secrets or business strategies of competitors. Greenway strictly protects its own intellectual prope®îyand respects the legal rights of competitors, prohibiting the infringement of their patents, trademarks, or copyrights. In theprocess of market promotion and product publicity, the Company ensures that all publicity content is true, accurate, andlegal, eliminating false publicity and concealing product risks. In the process of market competition such as bidding and pro-curement, the Company prohibits collusion, bid rigging, or other behaviors that a®ãect market fairness. Meanwhile, an internalcontrol evaluation repo®î is prepared, and a third pa®îy is commissioned to issue an internal control audit repo®î. For any em-ployee who violates fair competition regulations, the Company will issue warnings, demotions, or dismissals as appropriate. Insevere cases, they will be handed over to judicial authorities. If business pa®îners are involved in unfair competition, the Com-pany will terminate the cooperation and pursue legal liability in accordance with the law. The Company will continue tostrengthen fair competition compliance training, internal supe®ïision, and accountability mechanisms to ensure that all em-ployees and business pa®îners jointly maintain a fair, just, and transparent business environment.

INTEGRITY BUILDING

MANAGEMENT OF REPORTING AND COMPLAINT

The Company is committed to establishing a fair, just, and transparent workenvironment. During the repo®îing period, the Company released the Announcementon Collecting Clues of Unhealthy Trends and Corruption Issues to encourage all em-ployees, suppliers, customers, and other stakeholders to repo®î and complain aboutbehaviors that violate company policy, laws and regulations, and ethical standards.

The scope of complaints and repo®îs of the Company covers internal and exter-nal illegal and improper behaviors: including embezzlement and bribe®ñ by employ-ees or related pa®îies, false reimbursement, misappropriation of duties, leakage oftrade secrets, and other fraudulent behavior damaging the Company's interests;bribe®ñ and bid rigging, theft and infringement, and violations of integrity coopera-tion by external units, as well as employee inaction, abuse of power, dereliction ofduty, and other conduct issues, speci®êcally involving soliciting bene®êts, false trans-actions, illegal related relationships, and neglect of duty.

The repo®îing mechanism of the Company advocates real-name repo®îing andgives priority to such repo®îs. Repo®îs must provide information of involved person-nel, event details, and evidence materials to ensure the content is true and objective,prohibiting false accusations and fabrications. It promises to strictly keep the repo®î-er's information con®êdential and prohibits retaliation, with severe punishment forviolators. E®ãective repo®îs may be rewarded based on the situation, and pa®înerswho proactively repo®î are granted immunity and cooperation assurance. Those whovoluntarily confess to violations may be exempted from liability.

Repo®îing Email: jubao@greenway-batte®ñ.comRepo®îing Phone Number: 17727712345Repo®îing Address: Company Audit Depa®îmentRepo®îing WeChat: 11th Floor Audit Depa®îmentof Greenway Headqua®îers

[Key Pe®íormance: Situation of Business Ethics Management]

Internally

The Company always adheres to the principle of integrity as the foundation and promotes the sustain-able development of the company and the supply chain. The Company is well aware that integrity in opera-tions is not only a re®ìection of corporate social responsibility but also the foundation for the Company'slong-term and stable development. During the repo®îing period, the Company organized integrity andcompliance training and accounts receivable management training to help employees fully understand theCompany's expectations for integrity behavior, and strengthened moral judgment in practical operationsthrough case analysis and scenario simulation.

In 2024, the Company organized integrity and compliance training and accounts receivable manage-ment training, aiming to enhance employees' compliance awareness and ®ênancial management ability. Thetraining content covered the requirements for honest employment, legal compliance regulations, creditmanagement, and account receivable recove®ñ strategies, etc. It helped employees improve their businesscompliance and risk prevention and control capabilities, providing suppo®î for the stable operation of theCompany.

[Case: The Company Held Integrity and Compliant Training and Accounts ReceivableManagement Training in 2024]

Externally

While implementing integrity building internally, the Company also attaches great impo®îance to the cooperation norms with sup-pliers and business pa®îners. During the repo®îing period, Greenway signed the Integrity Agreement with 94.64% of its suppliers, andK-tech signed the Integrity Agreement with 92.31% of its suppliers. This agreement clearly de®ênes the integrity obligations of both par-ties in business dealings, pa®îicularly in key areas such as procurement and sales, strengthening behavior norms in anti-corruption andanti-bribe®ñ. Through this measure, Greenway ensures that all pa®îies in the supply chain adhere to uni®êed integrity standards, prevent-ing any improper transactions and transfer of bene®êts from the source, enhancing the overall transparency and fairness of the supplychain.

Pe®íormance IndicatorsCompany Corruption IncidentsCon®ìict of Interest IncidentsFraud IncidentsMoney Laundering IncidentsCompany Malicious Competition IncidentsNumber of Anti-corruption Themed Training Sessions ConductedPercentage of Suppliers Signing the Integrity Agreement

Unit/////Sessions%

Greenway

94.64

K-tech

92.31

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

9798

INFORMATION SECURITY

INFORMATION SECURITY ANDPRIVACY PROTECTION

In the digital wave, the Company regards compliance operationas a core task, strictly adhering to the Personal Information ProtectionLaw of the People's Republic of China, Data Security Law of the Peo-ple's Republic of China, Cybersecurity Law of the People's Republic ofChina, and other laws and regulations, relentlessly strengthening datacompliance management, and fully ensuring information security.Meanwhile, Greenway always considers user privacy and personalinformation protection as the cornerstone of enterprise developmentand is committed to building a comprehensive management system toe®ãectively ful®êll personal information protection responsibilities.

The Company places great emphasis on the protection of information security and has meticulously constructed a com-prehensive information security management system. To e®ãectively protect the sensitive data and information assets of theCompany and its customers, a series of targeted regulations have been promulgated, such as the IT Equipment ManagementRegulations and Network Security Management Regulations. These regulations work in coordination to establish a compre-hensive information security management system, covering multiple key areas.In terms of IT equipment management, the Company implements full-process control from procurement to disposal. During pro-curement, suppliers are strictly selected, and the security pe®íormance of the equipment is inspected. During use, regular patrolinspections and maintenance are conducted. During disposal, standard processes are followed to prevent information leakage.In terms of network protection, ®êrewalls and data enc®ñption technologies are actively applied. Firewalls block external illegalintrusions, and data enc®ñption ensures the safety of data transmission and storage, fo®îifying the network security defense line.A responsibility mechanism for information security involving all employees is established, clarifying employees' responsibilities.Through training and publicity, employees' security awareness is enhanced, creating a positive atmosphere of collaborative pro-tection among all employees.Formulate the company's con®êdentiality system for critical information assets and the suppo®îing R&D data security system toensure the data security and compliance of software development achievements.In addition, the Company is equipped with the Information Security Emergency Response Plan. Once a sudden security incidentoccurs, it can respond quickly, e®æciently handle according to the plan, minimize risks, and comprehensively prevent informationsecurity hazards, safeguarding the Company's information security.

INTERNAL AUDIT

The Company places great emphasis on internal audit management, establishing a systematic and standardized internal auditsystem through the Internal Audit System, which clari®êes the scope, procedures, and responsibilities of internal audits, ensuring thatall audit activities are conducted in accordance with laws and regulations, and promoting e®æcient and healthy development of theenterprise. The Company's Internal Audit Depa®îment is independent of the Business Depa®îment and Finance Management Depa®î-ments and repo®îs directly to the Audit Committee of the Board of Directors, ensuring the independence, fairness, and authority ofaudit work. The main objectives of internal audit include identifying and assessing operational and ®ênancial risks, supe®ïising theimplementation of internal control systems, reviewing the authenticity and completeness of the ®ênancial repo®î of the Company, andproviding suggestions for improving management and control processes.Internal audit work is conducted in accordance with the established procedures, including formulating an audit plan, notifyingthe audited entity in advance, collecting audit evidence, preparing audit working papers, forming an audit repo®î, and soliciting opin-ions from the audited entity. The handling of major issues requires the approval from the Board of Directors. If signi®êcant risks orinternal control de®êciencies are found, the Audit Depa®îment should promptly repo®î to the Board of Directors and assist in formulat-ing improvement plans.The Company encourages the Internal Audit Depa®îment toenhance the level of operation and management through auditwork and rewards or commends auditors who identify signi®êcantrisks, recover economic losses, or propose e®ãective improvementsuggestions. Meanwhile, the Company imposes criticism, admin-istrative sanctions, economic compensation, or even transfers tojudicial authorities on individuals or depa®îments that violateaudit regulations, obstruct audit work, provide false information,or engage in other improper behaviors, depending on the severi-ty, to maintain the seriousness and authority of audit work.

Customer Privacy Infringement Incidents

Third-pa®îy Data Loss Incidents

[Key Pe®íormance: Situation of Privacy Protection]

PRIVACY PROTECTION

The Company is well aware of the impo®îance of personal information security and integrates it into eve®ñ aspect of prod-uct research and development, operations management, and customer se®ïice. The Company strictly complies with the PersonalInformation Protection Law and other relevant laws and regulations, clearly de®êning management responsibilities at all levels.We adhere to the principle of "Minimum Necessa®ñ", collecting and using personal information only within the necessa®ñ scope,and implementing strict technical and organizational measures to ensure data security. Meanwhile, we continuously optimizeprivacy protection mechanisms, respecting users' rights to access, correct, and delete personal information, ensuring that userinformation is properly protected.

Note: The above data includes Greenway and K-tech.

Number of Internal Audits

[Key Pe®íormance: Situation of Internal Audit]

Note: The above data includes Greenway and K-tech.

CORPORATE GOVERNANCE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

SUSTAINABLE DEVELOPMENT PERFORMANCE TABLE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT99100

SUSTAINABLE DEVELOPMENT PERFORMANCE TABLE

ENERGY USAGE

WATER RESOURCE MANAGEMENT

ENVIRONMENTAL INVESTMENT

Pe®íormance Indicators

Total assetsOperating revenueTax amountNet pro®êt attributable to shareholders of listed companyBasic earnings per shareR&D investmentSafety investmentEnvironmental protection investmentInvestment in employee training

UnitCNY100 millionCNY100 millionCNY10,000CNY100 millionRMB/shareCNY10,000CNY10,000CNY10,000CNY10,000

Company

26.92

18.44

2,074.64-0.97-0.97

1.34

1,246.86

676.10

82.63

Pe®íormance IndicatorsTotal Environmental Protection Investment in 2024

UnitCNY 10,000

Greenway

50.09

K-tech

626.01

Pe®íormance Indicators

Purchased PowerPurchased Renewable ElectricityTotal amount of purchased steamGasoline consumptionDiesel consumptionNatural gas consumption

Greenway

13,994,270//9,497//

K-tech

21,959,5206,736,00016,6373,174.856,604.801,048,628

Unit

kWhkWhtLLm

Pe®íormance Indicators

Water withdrawal

Greenway

108,520

K-tech

121,663

Unit

t

USE OF RECYCLED PACKAGING MATERIALS

Pe®íormance Indicators

Weight of FSC Recycled Packaging Materials Used

Greenway

7.54

K-tech

/

Unit

t

GREENHOUSE GAS EMISSIONS

Pe®íormance Indicators

Total greenhouse gas emissionsScope 1 total greenhouse gas emissionsScope 2 total greenhouse gas emissions

Greenway///

K-tech

14,227.713,684.4310,543.28

Unit

tCO

etCO

etCO

e

EMISSIONS AND WASTE

Pe®íormance Indicators

Nitrogen Oxides (NOx)Sulfur dioxideScattered industrial wastewaterDisposal amount of general industrial solid wasteDisposal amount of hazardous waste

Greenway

///

12.15

7.468

K-tech

27.60

132.837

1.756

Unit

kgkgttt

Exhaust gas emission data

Wastewater discharge dataSolid Waste Disposal Data

Note: The above data is referred to the Company's annual repo®î

ECONOMIC PERFORMANCE

ENVIRONMENTAL PERFORMANCE

SUSTAINABLE DEVELOPMENT PERFORMANCE TABLE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT101102

DIVERSITY AND INCLUSION

Note: Executives refer to management personnel at the director level and above.

Pe®íormance Indicators

Divided by gender:

Total Number of EmployeesTotal Number of Full-time EmployeesTotal Number of Pa®î-time EmployeesPa®î-time Male EmployeesPa®î-time Female EmployeesTotal Gender Distribution of EmployeesMaleFemaleMale Propo®îionFemale Propo®îion

Divided by age:

Number of Employees Aged 16-18Number of Employees Aged 19-30Number of Employees Aged 31-40Number of Employees Aged Over 41Divided by education level:

Below Bachelor's degreeBachelor degree or aboveDivided by position:

Total Number of Senior ManagerNumber of Male Senior ManagerNumber of Female Senior ManagerPropo®îion of Male Senior ManagerPropo®îion of Female Senior ManagerNumber of Ethnic Minority EmployeesPropo®îion of Minority EmployeesTotal Number of Minority ExecutivesPropo®îion of Minority Executives

Greenway

/1,8261,826

/1,124

61.56

38.44

/

/1,437

/

81.25

18.75

15.99

6.25

K-tech

/

/

71.93

28.07

/

/

/

21.55

Unit

/PersonPersonPersonPersonPerson/PersonPerson%%/PersonPersonPersonPerson/PersonPerson//PersonPerson%%Person%Person%

Pe®íormance Indicators

Employee ent®ñ rate:

Male employee ent®ñ rate:

Female employee ent®ñ rate:

Frontline employee ent®ñ Rate:

Non-frontline employee ent®ñ rate:

Employee turnover rate:

Male employee turnover rate:

Female employee turnover rate:

Front-line employee turnover rate:

Non-frontline employee turnover rate:

Greenway

6.18

7.03

4.90?

8.91

2.16

5.16

5.72

4.32

7.21

2.21?

K-tech

6.15

7.09

3.90

7.81

2.01

5.08

5.42

4.19

6.52

1.34

Unit

%%%%%%%%%%

EMPLOYEE TRAINING

Pe®íormance Indicators

Skill training coverageTotal number of people trainedTotal duration of training (h)Training hours per employee

Greenway

1,82654,342.50

29.76

K-tech

13,787.50

34.56

Unit

%Personshh

CAREER DEVELOPMENT

Pe®íormance Indicators

De®êne career development paths for each employeePe®íormance Appraisal Coverage RateNumber of Employees Meeting Career Development PlansNumber of PromotionsNumber of DemotionsNumber of Layo®ãs

Greenway

1,826

K-tech

Unit%%PersonPersonPersonPerson

SOCIAL PERFORMANCE

TALENT INTRODUCTION

SUSTAINABLE DEVELOPMENT PERFORMANCE TABLE2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT103104

Pe®íormance IndicatorsThe average annual compensation of male employeesThe average annual compensation of female employees

Greenway

10.98

15.17

13.12

K-tech

9.10

11.60

8.74

Unit

CNY10,000CNY10,000CNY10,000

Pe®íormance Indicators

Risk assessmentInternal health and safety inspectionNumber of Trained Personnel at Each LocationEmergency drill timesFrequency of emergency drillsCoverage rate of occupational disease inspectionsNumber of employees su®ãering from occupational diseaseNumber of Minor Work-related Inju®ñ IncidentsNumber of Serious Work-related Inju®ñ IncidentsNumber of Employees Died Due to Work-related InjuriesNumber of Working Days Lost Due to Work-related InjuriesLoss Rate per Million Working HoursMental health incidents

K-tech

Fire incidents: 2 times/year

1.06

0.005

Unit

//hTimestime(s)/year/%Person//PersonDay///%

Note:

(1) Greenway's total work hours in 2024 are 4,354,097, and K-tech's total work hours in 2024 are 947,625;

(2) Loss rate per million working hours = (total number of work-related inju®ñ incidents causing lost working hours) x (1,000,000/total working hours);

(3) Serious accident rate of lost working hours per thousand people = (days lost due to inju®ñ) x (1,000/total working hours).

Greenway

1,826

Fire incidents: 2 times/year

7.35

0.23

0.002

Assessed once a year/assessed upon changesDaily safety patrol inspections,monthly comprehensive inspections

Assessed once a year/assessed upon changesDaily safety patrol inspections,monthly comprehensive inspections

Pe®íormance Indicators

Total number of raw material suppliersChina (including Hong Kong, Macau, Taiwan)OverseasSupplier written su®ïey coverage rate

By region

Supplier written su®ïey

Greenway

K-tech

Unit

///

¡Ý90¡Ý90Propo®îion of suppliers signing the Con®ìict-FreeMetals Policy and Commitment amongmineral-related suppliers

Responsible mineral management

47.2272.73%

%

SALARY MANAGEMENT

EMPLOYEE HEALTH AND SAFETY

SUPPLY CHAIN MANAGEMENT

Number of incidents of being punished for violatingoccupational health and safety laws and regulations

Coverage rate of employees receiving training related tooccupational health and safetySerious Accident Rate of Lost Working Hours perThousand People

The median of the annual total compensation of allemployees(excluding the individual with the highest income)

105106

Index of Global Repo®îing Initiative (GRI Standards 2021)Instructionsfor UseGRI 1 used

INDICATOR INDEX

Greenway repo®îed the information referenced in this GRI Index during the periodfrom Janua®ñ 1, 2024 to December 31, 2024, in accordance with GRI standards.GRI 1: Foundation 2021?DisclosuresPage Number

GRI 2: General Disclosures 2021

2-1 Organizational detailsP1-P22-2 Entities included in the organization's sustainabilityrepo®îing

P22-3 Repo®îing period, frequency and contact personP1-P22-4 Restatements of informationP22-5 External assuranceP22-6 Activities, value chain and other business relationshipsP53-P802-7 EmployeesP37-P38,P1012-9 Governance structure and compositionP832-10 Nomination and selection of the highest governancebody

P83-P862-11 Chair of the highest governance bodyP83-P862-12 Role of the highest governance body in overseeingthe management of impacts

P85-P862-13 Delegation of responsibility for managing impactsP85-P862-14 Role of the highest governance body in sustainabilityrepo®îing

P85-P862-16 Communication of critical concernsP88-P902-19 Remuneration policiesP392-20 Process to determine remunerationP392-21 Annual total compensation ratioP392-22 Statement on sustainabledevelopment strategyP3-P42-23 Policy commitmentsP87,P94- P95,P1032-24 Embedding policy commitmentsP872-27 Compliance with laws and regulationsALL2-28 Membership of associationsP112-29 Approach to stakeholder engagementP88-P902-30 Collective bargaining agreementsP36

?DisclosuresPage Number

Material TopicsGRI 3: Material Topics 2021

3-1 Process to determine material topicsP873-2 List of material topicsP91Economic pe®íormanceGRI 3: Material Topics 2021 3-3 Management of material topicsP91GRI 201: Economic Pe®íormance 2016 201-1 Direct economic value generated and distributedP92Market pe®íormanceGRI 3: Material Topics 2021 3-3 Management of material topicsP39-P40GRI 202: Market Pe®íormance 2016

202-1 Ratio of standard ent®ñ level wage by gendercompared to local minimum wage

P39Procurement PracticesGRI 3: Material Topics 20213-3 Management of material topicsP74,P91GRI 204: Procurement Practices 2016204-1 Propo®îion of spending on local suppliersP74Anti-corruptionGRI 3: Material Topics 2021 3-3 Management of material topicsP91,P94-P96GRI 205: Anti-corruption 2016

205-1 Operations assessed for risks of corruptionP94-P96205-2 Communication and training about anti-corruptionpolicies and procedures

P94-P96Anti-competitive BehaviorGRI 3: Material Topics 2021 3-3 Management of material topicsP91,P95GRI 206: Anti-competitive Behavior

206-1 Legal actions for anti-competitive behavior, anti-trust,and monopoly practices

P95TaxGRI 3: Material Topics 2021 3-3 Management of material topicsP91,P93GRI 207: Tax 2019

207-1 Approach to taxP93207-2 Tax governance, control, and risk managementP93207-3 Stakeholder engagement and management ofconcerns related to tax

P93MaterialsGRI 3: Material Topics 2021 3-3 Management of material topicsP28,P91,P100GRI 301: Materials 2016 301-3 Reclaimed products and their packaging materialsP28,P100EnergyGRI 3: Material Topics 20213-3 Management of material topicsP22-P24,P91,P99GRI 302: Energy 2016302-1 Energy consumption within the organizationP22-P24,P99

INDICATOR INDEX2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

107108

?DisclosuresPage NumberWater and E®èuentsGRI 3: Material Topics 20213-3 Management of material topicsP25-P26,P91,P100GRI 303 Water and E®èuents 2018

303-1 Interactions with water as a shared resourceP25-P26303-2 Management of water discharge-related impactsP25-P26303-3 Water withdrawalP25,P100BiodiversityGRI 3: Material Topics 2021 3-3 Management of material topicsP32,P91EmissionsGRI 3: Material Topics 2021 3-3 Management of material topicsP21,P30,P91,P100GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissionsP21,P100305-2 Energy indirect (Scope 2) GHG emissionsP21,P100305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), andother signi®êcant air emissions

P30,P100WasteGRI 3: Material Topics 20213-3 Management of material topicsP29-P30,P91,P100

GRI 306: Waste 2020

306-1 Waste generation and signi®êcant waste-relatedimpacts

P29-P30,P100306-2 Management of signi®êcant waste-related impactsP29-P30,P100306-3 Waste generatedP29-P30,P100306-4 Waste dive®îed from disposalP29-P30,P100306-5 Waste directed to disposalP29-P30,P100Supplier Environmental AssessmentGRI 3: Material Topics 2021 3-3 Management of material topicsP73,P91EmploymentGRI 3: Material Topics 2021 3-3 Management of material topicsP37-P48,P91,P102GRI 401 Employment 2016

401-2 Bene®êts provided to full-time employees that arenot provided to tempora®ñ or pa®î-time employees

P39-P41

?DisclosuresPage Number

Occupational Health and SafetyGRI 3: Material Topics 2021 3-3 Management of material topics

P16,P49-P52,P91,P103

GRI 403: Occupational Health andSafety 2018

403-1 Occupational health and safety managementsystem

P49403-2 Hazard identi®êcation, risk assessment, and incidentinvestigation

P49,P51-P52403-3 Occupational health se®ïicesP51403-4 Worker pa®îicipation, consultation, andcommunication on occupational health and safety

P50403-5 Worker training on occupational health and safetyP50-P52,P103403-6 Promotion of worker healthP50-P52403-7 Prevention and mitigation of occupational healthand safety impacts directly linked by business relationships

P51-P52403-8 Workers covered by an occupational health andsafety management system

P49403-9 Work-related injuriesP52403-10 Work-related health issueP16,P52Training and EducationGRI 3: Material Topics 2021 3-3 Management of material topicsP42-P48,P91,P102GRI 404: Training and Education 2016

404-1 Average hours of training per year per employeeP46,P102404-2 Programs for upgrading employee skills andtransition assistance programs

P44-P48404-3 Percentage of employees receiving regularpe®íormance and career development reviews

P47-P48,P102Diversity and Equal Oppo®îunityGRI 3: Material Topics 2021 3-3 Management of material topics

P35-P41,P91,

P101-P103GRI 405: Diversity and EqualOppo®îunity 2016

405-1 Diversity of governance bodies and employeesP37-P38,P101405-2 Ratio of basic sala®ñ and remuneration of women tomen

P39,P103Non-discriminationGRI 3: Material Topics 2021 3-3 Management of material topicsP15,P35-P36,P91GRI 406: Non-discrimination 2016

406-1 Incidents of discrimination and corrective actionstaken

P36Freedom of Association and Collective BargainingGRI 3: Material Topics 2021 3-3 Management of material topicsP16,P35-P36,P91

P15,P35-P36,P91Child LaborGRI 3: Material Topics 2021 3-3 Management of material topicsGRI 408: Child Labor 2016

408-1 Operations and suppliers at signi®êcant risk forincidents of child labor

P35-P36

INDICATOR INDEX2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

109110

GLOSSARY OF PROPER NOUNS?DisclosuresPage NumberCompulso®ñ LaborGRI 3: Material Topics 2021 3-3 Management of material topicsP15,P35-P36,P91GRI 409: Forced or Compulso®ñ Labor

409-1 Operations and suppliers at signi®êcant risk forincidents of forced or compulso®ñ labor

P35-P36Security PracticesGRI 3: Material Topics 2021 3-3 Management of material topicsP35-P36,P91GRI 410 Security Practices 2016

410-1 Security personnel trained in human rights policiesor procedures

P36Local CommunityGRI 3: Material Topics 2021 3-3 Management of material topicsP79-P80,P91GRI 413: Local Communities 2016

413-1 Operations with local community engagement,impact assessments, and development programs

P79-P80Customer Health and SafetyGRI 3: Material Topics 2021 3-3 Management of material topicsP69,P91GRI 416 Customer Health and Safety

416-1 Assessment of the health and safety impacts ofproduct and se®ïice categories

P69

P69,P91

P69Marketing and LabelingGRI 3: Material Topics 2021 3-3 Management of material topicsGRI 417: Marketing and Labeling 2016

417-1 Requirements for product and se®ïice informationand labelingCustomer PrivacyGRI 3: Material Topics 2021 3-3 Management of material topicsP91,P97-P98GRI 418: Customer Privacy 2016

418-1 Substantiated complaints concerning breaches ofcustomer privacy and loss of customer data

P97-P98

SectionProper NounsDe®ênition

3 About Greenway

3.1 Company Pro®êle

ODM

Original Design Manufacturer refers to a commissioned manufacturer designingand producing products according to the speci®êcations and requirements ofanother company.OEM

Original Equipment Manufacturer refers to a commissioned manufacturerproducing according to the needs and authorization of the sample company,following speci®êc conditions set by the manufacturer, with all design drawingsand processes strictly adhering to the sample company's design.BMS

Batte®ñ Management System is a system used for the intelligent managementand maintenance of batte®ñ cells. Its main functions include monitoring batte®ñstatus, preventing overcharging and over-discharging, and extending batte®ñ life.ISOInternational Organization for StandardizationCE

European Conformity is a mandato®ñ mark required by the European Union (EU)to demonstrate that a product meets the requirements of EU regulations andstandards, and is one of the basic requirements for access to the Europeanmarket.FCC

Federal Communications Commission (FCC)Federal Communications Commission Ce®îi®êcation is a mandato®ñ ent®ñ systemestablished by the Federal Communications Commission for electronic andelectrical products.4 Environment

4.4 Green Value ChainNMPN-Methyl-2-pyrrolidone

5 Human Rights

5.6 Occupational Health

and Safety

LEC ScoringMethod

Likelihood-Exposure-Consequence Method (LEC Risk Assessment Method, alsoknown as the "Graham Method") is a semi-quantitative risk assessment method;L: Likelihood, refers to the probability of an accident occurring;E: Exposure, refers to the frequency of personnel exposure to hazardousenvironments;C: Consequence, refers to the consequences of an accident occurring.The product of these three factors gives the risk value of the hazard sources,thereby determining the risk level D (degree of risk, calculation formula: D = L ¡Á E¡Á C). The higher the D value, the higher the risk level, and control measuresshould be prioritized.PPE?Personal Protective Equipment6 Society

6.2 Quality

Management

IMSPangu Information Management SystemMESManufacturing Execution SystemQCSQuality Control SystemWMSWarehouse Management SystemEAMEnterprise Asset ManagementSPC

Statistical Process Control (SPC) is a tool that monitors and improves the stabilityof the production process through statistical methods.

INDICATOR INDEX2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

111112

SectionProper NounsDe®ênition6 Society

ManufacturingExecution System refersto the executionmanagement system forthe production processof manufacturingenterprises.

ANDON

Andon System is a real-time visual management tool used in the productionsites. It quickly conveys production status, abnormal events (such as equipmentfailures, quality issues), and operational requests through lights, sounds,orelectronic boards to achieve timely response and resolution of problems.BI

Business Intelligence refers to the interactive intelligence. By collecting,integrating and analyzing internal and external data of the enterprise, it istransformed into actionable insights, which helps the management make morescienti®êc decisions, optimize business processes and enhance competitiveness.IOT

Internet ofThings in the industrial ®êeld. It transforms collected, integrated, andanalyzed internal and external enterprise data into actionable insights, helpingmanagement make more scienti®êc decisions, optimize business processes, andenhance competitiveness.IPDIntegrated Product DevelopmentDCPDecision Check PointSQDC

SafetyQualityDelive®ñCostFACA

Failure Analysis and Corrective Action, also known as rootcause analysis, refersto the process of systematically analyzing and determining the root cause offailures in products or processes, and developing corrective measures to preventrecurrence.DQEDesign Quality EngineerAPQPAdvanced Product Quality PlanningTRTechnical ReviewCTQCritical to QualityDPALDesign Process Approval ListPQEProcess Quality EngineerCTPCritical to ProcessPPALProduction Process Approval ListSQESupplier Quality EngineerIQCIncoming Quality ControlIPQCIn-Process Quality ControlFQAFinal Quality Assurance4M

ManMachineMaterialMethodCQECustomer Quality EngineerVOCVoice of Customer

SectionProper NounsDe®ênition

6 SocietyManufacturingExecution System refersto the executionmanagement system forthe production processof manufacturingenterprises.

RMA RepairReturn Material Authorization RepairCIPContinual Improvement PlanUPPHUnits Per Person Per HourPMOProject Management O®æceSSGB

Six Sigma Green Belt refers to professionals trained and ce®îi®êed in the Six SigmaMethodology, focusing on using data analysis and process improvement tools tosolve quality issues and enhance e®æciency.6S

SEIRISEITONSEISOSEIKETSUSHITSUKESECURITYThe above six items are abbreviated as 6S.

6.5 Indust®ñ

DevelopmentPromotion

EICMA

The Esposizione Internazionale Ciclo Motociclo e Accessori, also known as theMilan International Motorcycle and Bicycle Exhibition, is one of the largest andmost impo®îant motorcycle exhibitions in the world. It is held annually in Milan,Italy, and is organized by the Associazione Nazionale Ciclo Motociclo Accessori(ANCMA).

INDICATOR INDEX2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT

SGS-CSTC¡¯S REPORT ON SUSTAINABILITY ACTIVITIES IN THEGUANGDONG GREENWAY TECHNOLOGY CO., LTD.¡¯S ESG REPORT FOR2024

NATURE OF THE ASSURANCE/VERIFICATION

SGS-CSTC STANDARDS TECHNICAL SERVICES CO., LTD. (hereinafter referred to as SGS) wascommissioned by GUANGDONG GREENWAY TECHNOLOGY CO., LTD. (hereinafter referred to asGREENWAY) to conduct an independent assurance of the Chinese version and English version of 2024ENVIRONMENTAL, SOCIAL, AND GOVERNANCE(ESG) REPORT (hereinafter referred to as the Report). Theboundary scope of the Report of GREENWAY includes GUANGDONG GREENWAY TECHNOLOGY CO., LTD.and DONGGUAN K-TECH NEW ENERGY CO., LTD..

INTENDED USERS OF THIS ASSURANCE STATEMENTThis Assurance Statement is provided with the intention of informing all GREENWAY¡¯s Stakeholders.

RESPONSIBILITIESThe information in the Report and its presentation are the responsibility of the general manager and themanagement of GREENWAY.

Our responsibility is to express an opinion on the text, data, graphs and statements within the scope ofassurance with the intention to inform all GREENWAY¡¯s stakeholders.

SGS hereby states that it shall not be held responsible or liable for any direct, indirect, incidental, orconsequential damages or losses arising from or in connection with the use of information provided in thisreport.

ASSURANCE STANDARDS, TYPE AND LEVEL OF ASSURANCEThe SGS ESG & Sustainability Report Assurance (SRA) protocols used to conduct assurance are based uponinternationally recognised assurance standards including theAA1000 series of standards and ISAE3000.

The assurance of this report has been conducted according to the following Assurance Standards:

Assurance Standard Options

	Level of Assurance
AA1000AS v3 Type 2	Moderate

SCOPE OF ASSURANCE AND REPORTING CRITERIAThe assurance engagement was conducted to evaluate the accuracy and reliability of the sustainabilityperformance information included in the Report. Additionally, it assessed the extent to which the Report'scontent refers to the requirements of GRI Standards 2021.

ASSURANCE METHODOLOGYThe assurance comprised a combination of pre-assurance research, on-site interviews with relevant employeesat the GREENWAY headquarters located at No.6 Tonghuan Road, Tongsha, Dongcheng Street, DongguanCity, Guangdong Province, P.R. China, including documentation and record review and validation whererelevant; as well as conducting online reviews and confirmations of documents and records for relevantemployees at the subsidiary Dongguan K-Tech New Energy Co., Ltd. located at No. 3 Lingang Road,Wangniudun Town, Dongguan City, Guangdong Province, P.R. China.

CN25/00002398

LIMITATIONS AND MITIGATIONData drawn directly from independently audited financial accounts has not been checked back to source as partof this assurance process.

The greenhouse gas emissions related data in the Report has not undergone verification by an independent

third-party auditor. In the context of the present assurance engagement, our procedures were limited to sample-based validation.

This assurance engagement was restricted to the group level of GREENWAY, including GUANGDONGGREENWAY TECHNOLOGY CO., LTD. and DONGGUAN K-TECH NEW ENERGY CO., LTD.GREENWAYand did not include traceability of original data from other subordinate institutions.

STATEMENT OF INDEPENDENCE AND COMPETENCEThe SGS Group of companies is the world leader in inspection, testing and certification, operating in multiplecountries and providing services. SGS affirm our independence from GREENWAY, being free from bias andconflicts of interest with the organisation, its subsidiaries and stakeholders.

The assurance team was assembled based on their knowledge, experience and qualifications for thisassignment.

FINDINGS AND CONCLUSIONS

ASSURANCE/VERIFICATION OPINIONOn the basis of the methodology described and the assurance engagement performed, the information anddata contained in the Report are accurate, reliable, and provide a fair and balanced representation ofGREENWAY's sustainability activities for the year 2024.

CONCLUSIONS, FINDINGS AND RECOMMENDATIONS BASED ON GRI STANDARDS 2021

The assurance team concludes that the Report has referred to the requirements of GRI Standards 2021.

FINDINGS AND RECOMMENDATIONSAll observations pertaining to commendable practices, sustainable development activities, and managerialrecommendations identified throughout the assurance process have been thoroughly documented in theInternal Management Report on ESG Reporting Assurance. This report has been officially presented to therelevant management divisions of GREENWAY to serve as a reference for their ongoing efforts towardscontinuous improvement.

Signed:

For and on behalf of SGS-CSTC

David XinSr. Director ¨C Business Assurance16/F Century Yuhui Mansion, No. 73, Fucheng Road, Beijing, P.R. China

Apr. 15

th, 2025WWW.SGS.COM