Preparation Instructions for this Report
Contents
Preparation Instructions for this Report ...... 01
Message from the Chairman ...... 02
About Ronbay Technology ...... 04
Strategic Layout and Iteration ...... 12
The Path of Sustainable Development ...... 15
Key Performance Indicator Table ...... 100
Report Index ...... 108
Verication Report ...... 110
Steady Progress Leads to a BrightFuture, Charting a Beautiful Blueprint
Striving for Excellence, Facilitating theProcess of Globalization0102
1.1. Strengthen Governance and Consolidate
the Foundation of Governance ...... 24
1.2. Compliance Management Ensures the
Stability of Business Operations ...... 28
1.3. Anti-corruption and promotion of integrity,
and Build an Integrity System ...... 34
1.4. Intellectual Property Protection...............38
1.5. Information Security, Guarding the
Data Defence Line ...... 40
2.1. Innovation Empowerment,
Driving Industry Development ...... 44
2.2. High-quality Service,
Shaping Excellent Quality ...... 49
Low-carbon Environment, PracticingGreen Coexistence
Win-win Value, Driving IndustryDevelopment
0304
3.1. Environmental Management System......60
3.2. Green Development,
Addressing Climate Change ...... 61
3.3. Green Production, Safeguarding our
Beautiful Homeland ...... 65
3.4. Biodiversity Conservation.......................69
4.1. Progress and prosperity together,
building a responsible supply chain........72
4.2. Responsible Supply
Chain Management ...... 77
People-oriented, Achieving HappinessSharing
Taking responsibility, PromotingHarmony and Communion0506
5.1. Diversity and Equality, Safeguarding
Employees’ Rights and Benets ...... 80
5.2. Empower Development, Facilitating
Employee Growth ...... 83
5.3. Care for Employees, Conveying their
Well-being ...... 87
5.4. Occupational Health and Safety.............90
6.1. Community Support................................96
6.2. Rural Revitalization.................................98
6.3. Public Welfare and Charity......................99
Preparation Instructions for this Report
Report Introduction
This report is the fourth Environmental, Social and Governance Report issued by Ningbo Ronbay NewEnergy Technology Co., Ltd. to its stakeholders.
Time Frame
This report is an annual report, covering the time period from January 1, 2024 to December 31, 2024(hereinafter referred to as “this year” and “within the reporting period”). To enhance the completeness of thereport, some data extends beyond the above scope (subject to specic dates indicated). Organizational Scope
The scope of this report includes Ningbo Ronbay New Energy Technology Co., Ltd. (hereinafter referred to as“Ronbay Technology”, “the corporation”, “the company” or “we”) and its subsidiaries, which is consistent withthe scope of nancial information disclosure in the 2024 annual report.
Report Reliability Guarantee
The information and data disclosed in this report are sourced from the public information, statistical reports,and o?cial documents of the corporation. The board of directors guarantees the contents of the report, andthere are no false records, misleading statements, or major omissions in the content of this report. Compiling the Basis of the Report
This report is primarily compiled based on the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial), and references the Global Reporting Initiative(GRI) Standards 2021 of the Global Reporting Initiative (GRI), the International Sustainability StandardsBoard’s IFRS S2 Climate-related Disclosures, the United Nations Sustainable Development Goals (SDGs),and other internationally authoritative disclosure standards.
Access to this Report
You can view or download the electronic version of this report on the o?cial website of Ronbay Technology(http://www.ronbaymat.com/).The company will continue to improve and enhance its reporting disclosure standards and enhance itsenvironmental, social, and governance (ESG) management in the future. If you have any questions orsuggestions regarding this report, please feel free to contact our company at any time:
E-mail: ir@ronbaymat.com Tel: 0574-62730998
2024 Environmental, Social and Governance Report
Message from the Chairman
0203
2024 Environmental, Social and Governance Report
Message from the Chairman
With the profound transformation of humansociety’s development concepts, fully implementingESG and promoting sustainable development havebecome a global consensus. Guided by the visionof “building an ecosystem rooted in coexistenceand integration with society, the environment, andour partners,” Ronbay Technology has put forwardthe strategy of “Comprehensive Solution Providerfor the Cathode Materials Industry.” By expandingits global market presence, enhancing investmentand M&A capabilities, and forming innovationalliances, Ronbay is committed to becoming anadvocate and practitioner of ESG. Together with awide range of stakeholders, the company aims toco-create a sustainable development ecosystem.In response to the steadily growing marketdemand, Ronbay Technology remains committedto its original mission “developing the new energyindustry, improving the living environment ofhumankind, creating a better future for the companyand its employees, and giving back to society.” In2024, the company achieved a year-on-year salesincrease of over 20% in ternary cathode materials,far exceeding the industry's growth rate, defyingindustry headwinds and maintaining the No.1global market share in ternary materials for thefourth consecutive year. We continued to increaseinvestment in R&D to strengthen our technologicalleadership in high-nickel and ultra-high-nickelmaterials, with our intermittent process technologyreaching an industry-leading level. At the sametime, we made breakthroughs in the industrializationof lithium manganese iron phosphate (LMFP) andsodium-ion battery materials, with LMFP productsales doubling year-on-year.
Chairman of the board
Bai Houshan
In 2024, Ronbay Technology continued to advanceits digital and ecological strategies. We regardintelligent manufacturing as a core competitiveadvantage in the new energy materials industry,and have steadily upgraded our automatedand unmanned production lines to optimizemanufacturing costs and deliver more competitiveproducts to global customers. At the same time,by offering higher-performance products with alower carbon footprint, we are driving the transitionof the new energy industry toward an ecosystemthat emphasizes efficient resource utilization. Ourgoal is to build a circular supply chain systemthat integrates both cost competitiveness andlow-carbon attributes. During the year, our majorproduction bases in Hubei and Guizhou wereselected as national-level Green Factories, markinga new stage in the company’s journey toward high-e?ciency, green, and low-carbon development.Ronbay Technology has incorporated the ESGconcept into its New Integration Strategy, furtherstreamlining the organizational structure andestablishing a flat three-tier structure from thechairman to the future strategy o?ce, and then toour various entity enterprises. At the same time,we will establish partner enterprises globally andimplement equity incentives to attract core talents tojointly promote the strategy and achieve co-creationand sharing. In 2024, the company announcedthe normalization of “annual work” and “EagleAction”, incorporating them into the daily operationmechanism to enhance corporate efficiency andstrengthen strategic execution.
We firmly believe that achieving sustainabledevelopment requires the joint efforts of globalpartners. In 2024, Ronbay Technology achievedoverseas sales exceeding 20,000 tons andestablished offices and production bases inoverseas regions such as North America,Europe, and Southeast Asia, accelerating theconstruction of localized production capacity.Through technological cooperation, supply chaincollaboration, and community building, we driveupstream and downstream partners to jointly movetowards green transformation, injecting “Chinesetechnology” and “green momentum” into the globalnew energy industry chain.Looking ahead, Ronbay Technology will continueto forge strong alliances with leading partnersacross the industry value chain, striving to buildan open and collaborative ecosystem. Guided bythe principles of globalization and ecologicalizationdevelopment, we will implement our ESGstrategy across all aspects of production andoperations to enable greater efficiency and valuecreation. Through mutual growth and harmoniouscoexistence within the industry, we aim to fosterintegrated development and shared success.
About Ronbay Technology
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2024 Environmental, Social and Governance Report
About Ronbay Technology
Company Prole
Ningbo Ronbay New Energy Technology Co., Ltd. (referred to as “RonbayTechnology”, stock code: 688005.SH) was established in September 2014,with over 4,500 employees. It is a multinational high-tech company in thenew energy materials industry, specializing in the research, development,production, and sales of cathode materials for lithium/sodium batteries. Thecompany was founded by a senior team from the lithium battery industryin China and South Korea. In July 2019, it was listed on the Science andTechnology Innovation Board of the Shanghai Stock Exchange, becomingone of the rst 25 listed companies on the Board.Ronbay Technology, as the global leader in ternary cathode materials, hasbecome a comprehensive supplier of cathode materials covering the entiremarket. With years of leading global sales in ternary cathode materials, itwas the rst to achieve mass production of 10,000 tons of LMFP material.The sodium battery materials have secured thousands of tons of ordersfrom top customers. As a “provider of comprehensive solutions for thecathode material industry”, Ronbay Technology focuses on the full lifecycleservices of new energy materials, covering four core areas: researchand development innovation, intelligent manufacturing, supply chaincollaboration, and resource recycling. It provides high-performance cathodematerials and customized solutions for global customers, helping to upgradethe new energy vehicle, energy storage, and 3C electronics industries.
Product Layout
Lithiumbatterymaterials
Solid state
batterymaterials
Sodium
batterymaterials
Lithium-rich manganese based
cathode materialsSpinel nickel manganese
cathode materials Precursor materials
Cathode materials for solid state
batteries Solid electrolyte
Sodium battery polyanion
cathode materials
High nickel/ultra-high nickel ternary
cathode materialsMedium nickel high voltage ternary
cathode materials LMFP cathode materials
Solid state batteryLithium-rich manganese based cathode
materials Precursor materials
Sodium battery layered oxide
cathode materialswith over4,500 employees
About Ronbay Technology
0607
2024 Environmental, Social and Governance Report
Global Business LayoutIn 2024, Ronbay Technology actively promoted globalization layout, built a transnational ecologicalcommunity in the new energy industry, and advanced capacity building in Europe, North America, SoutheastAsia, and other regions, maintaining a leading edge in the process of globalization.
HeadquartersRegional HeadquartersProduction Base
R&D CenterWholly-Owned / Holding
Company / O?ce
North AmericaProduction BaseNorth America R&DCenterNorth America O?ceSouth America Branch
America
South America
Europe ProductionBaseEurope R&DCenterEurope O?ce
Korea Regional Headquarters -SeoulKorea R&D Center - SeoulEMT Base - ChungjuJS Base - ChungjuTMR Base - GumiDaejeon O?ce
Ronbay GlobalHeadquartersNorth China RegionalHeadquarters
RonbaySkyland
LinfenZhongbei
Fenggu Energy SavingShanghai O?ceNingbo Ronbay HeadquartersEast China RegionalHeadquarters - TanjialingYuyao R&D Center - TanjialingPrecursor Production Base -LinshanPrecursor Production Base –Xiaocao’e
Japan R&D CenterJapan O?ce - Osaka
Africa Branch
Europe
South KoreaBeijingTianjinShanxi
WuxiShanghaiNingbo
Japan
Africa
Central China RegionalHeadquartersHubei New Energy TechnologyR&D Center
IndonesiaProduction BaseIndonesia O?ce
O?shore Company
CathodeProduction BaseR&D Pilot Line
Shenzhen O?ceNingde O?ce
Huizhou O?ceCathode ProductionBase
Wuhan
Indonesia
Xiantao
ShenzhenNingde
HuizhouEzhou Zunyi
Singapore
About Ronbay Technology
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2024 Environmental, Social and Governance Report
Progress of Globalization in 2024
Corporate Culture
SouthKorea
Europe
Southeast
Asia
NorthAmerica
Developing the new energy industry, improvethe living environment of humankind, open upa bright future for the company and employees
and pay back to society
Scientic, Rational, Learning, Innovative,
Broad Vision, SystematicEstablishing a new energy industrial cluster
with rst-class innovation ability and high
commercial civilization
Building an ecosystem on the basis ofcoexistence and blend with society, environment
and partners
Ronbay was established;Conrming the businessplan in lithium batterycathode material industry
The market’s rst-generation NCM811 high-
nickel products realized
volume production
New Integration Strategywas implemented;Acquisition of SkylandTechnology; Establishinga base in Xiantao;Production capacity wasexpanded at a faster pace
Acquisition of JAESE Energy;Acquisition of Yanguang High-tech; Reorganizing of JinheLithium Battery; Acquisitionof South Korea TMR throughJAESE Energy
Listed in Science andTechnology Innovation
Board
Globalization strategywas released; Productioncapacity was expanded ata faster pace
Realizing integratedoperations of RonbayTechnology’s system;Acquisition of EMTCO., LTD.
Acquisition of Fenggu Energy-saving Technology; NewIntegration Strategy wasreleased; Growth in bothproduction capacity and value
Acquisition of Poland’s JM toexpand production capacityin Europe; Strategic upgrade:
provider of comprehensivesolutions for the cathode materialindustry
2013
2016
2022
2014
2019
2023
2015
2021
2024
Development History
Corporate Mission Core Values Corporate VisionConcepts of Sustainable Development
The Phase I of 20,000 tons in South Korea has been completed, put intooperation, and is shipping on a large scaleThe Phase II of production is imminent, with an expected total productioncapacity of 60,000 tons per yearFuture production capacity planning: 100,000 tons of ternary materials, 20,000tons of phosphateComplete the acquisition of the Polish factoryPut into production in early 2026Phase I ternary production capacity of 20,000 tons/year
Set up an o?ce
Set up an o?ceEstablish a holding companySite selection is in progressBrowneld project in progress
About Ronbay Technology
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2024 Environmental, Social and Governance Report
Chronicle of Events in 2024
In a comprehensivecollaboration upgradeamong top North Americanautomakers, the sales volumeof high-nickel cathode materialreaching about 20,000 tons,accounting for about 15% ofthe total annual sales
01.
The acquisition of thebrowneld project in Poland,Europe, has been completed,enabling rapid deployment ofproduction capacity in Europe
04.
Ternary cathode materialhas been ranked rst inglobal market share for fourconsecutive years
05.
JAESE ENERGY CHUNGJUCO., LTD achieved a monthlysales volume exceeding 1,000tons and made a prot
02.
P customer development iscompleted and certication ispassed03.
Strategic upgrade: providerof comprehensive solutionsfor the cathode materialindustry
06.
The organizational route of thecorporation has been furtherclaried, establishing the futurestrategy o?ce and a completebusiness division system
07.
The implementation of theSoutheast Asian layout hasbegun, adhering to the NewIntegration Strategy
08.
Sales of LMFP have doubled,maintaining its global marketshare leadership, and it hasbeen adopted by leadingautomakers
09.
Sodium battery polyanionmaterials secure a position forcore customers10.
Signicant progress has beenmade in solid state batterymaterials technology11.
Signicant breakthroughin the development ofmedium-nickel products12.
Strategic Layout and Iteration
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2024 Environmental, Social and Governance Report
Strategic Layout and Iteration
The “Three-step Strategy”
New Integration - Provider of Comprehensive Solutions forthe Cathode Material Industry
We are self-positioned as an industry operator, with an ultimate goal and long-term planning to “completelyreplace petrochemical energy and realize sustainable development for humankind” and implement a “three-step” strategy on three major capabilities empowered by our strategy, investment and management, soas to meet the demands of business forms and customers in the new energy industry, keep promoting theinvestment, incubation and operation of the new energy industry and form a sustainable operation anddevelopment model consistent with our own characteristics.
Ronbay Technology adheres to the concept of “Being the strongest and working with the strongest onthe basis of coexistence and blend”, relying on the operational strength of the technology industry andprofessional investment capabilities to achieve resource focus and create a new business model and high-dimensional competitive advantage. The company continues to promote the New Integration Strategy, withseven characteristics of “professionalism, integration, platform, ecologicalization, digitization, globalizationand ”, elevating from the perspective of industrial operation to an extremely focused system perspective.
Sustainable Operation
Jul. 2019Technology Innovation Board inRonbay listed on Science and
material clusterNew energy
Running an
enterprise well
Running anindustry well
Developing the new energyindustrial cluster wellFirst Step
Second Step
Third Step
Business expansionImprovement of business model
Executive forceguarantee
Territoryexpansion
Under the guidance of the New Integration Strategy, Ronbay Technology deepens strategic upgrading withan annual focus. In 2024, the strategic focus will be fully upgraded to the ecological stage, aiming to achievethe strategic goal of becoming a provider of comprehensive solutions for the cathode material industry byestablishing an ecological industrial chain and business model.
Ecologization, as the evolutionary core of the New Integration Strategy, signifies the company’s strategicupgrade from traditional industrial operations to sustainable value coexistence. Ecologization is not onlyan upgrade of technology or business model, but also an essential reconstruction of corporate vitality andcorporate civilization. Ecologization encompasses green industries, humanities, and diverse global cultures.Advancing the ecologization strategy requires integration with society, upstream and downstream industries,and peer industries, establishing an ecological industrial chain and business model.
Ecological Industrial Chain and Business Model
ExtremeprofessionalizationRespond todownstream cross-sector competitionProfessionalization
Globalization
strategy
Full-scale entry
Globalization
A comprehensivesolution providerfor the cathodematerials industry— advancingecologyEcologicalization
New Integration
Strategy
Respondingto upstreamenterprisesextending along theindustrial chainIntegration
Full marketcoverage
Platform
20202021202220232024
EcologicalizationSubject Matter
Ecological
integration
The internal ecosystem and social ecosystem are integrated, and Ronbayis integrated with its industry partners
Ecological
development
Greening and low-carbonization of energy, ecologicalization and circularutilization of resources, and the construction of a new power system
Ecologicalevolution
Ronbay is a vibrant, innovative, and enterprising organism; it evolves itself,iterates, and progresses continuously
Ecological
civilization
Cultural soft links internal team collaboration; reduce internal conictsthrough the recognition of values and ecological culture
professionalizationIntegrationPlatformEcologicalization
DigitalIntelligence
OrganizationGlobalizationis the foundation.The bases andplatforms areestablishedon extremeprofessionalism.The conceptof extremeprofessionalismwas proposed in2020.
based on extremeprofessionalism,investmentexpands alongthe industrialchain andProfessionalization With integration
promotes theintegration ofindustrial chain.Incorporatethe concept ofecology, leadingto an ecologicalsupply chain.
Platform-basis isthe characteristicof integration.With the platformof science andtechnology andsharing centersof management,nanceand humanresource, we’vetransformed froman enterprise toan investmentplatform.
Becoming acomprehensivesolution providerfor the cathodematerialsindustry.A strategic focusfor 2024.
Digitaltransformationenhancesoperationale?ciency,reduces internalfriction, andenables thecompany toevolve into amore intelligentand responsiveorganization.
Organization isthe foundation ofexecutive force.Organization isthe real-life entityand the means.This processbegan with theimplementationof a businessunit systemand has beencontinuouslydeveloped since.
In the expansionof territory,we absorbthe wisdomof di?erentcivilization.This strategicvision waso?ciallyannounced in2023.
The Path of Sustainable Development
14151415
With cathode materials as its core business, Ronbay Technology is extending upstream across the entirevalue chain, covering mineral resources, end-of-life batteries, smelting, refining, and precursor materials.By leveraging capital, technology, and strategic partnerships, we are building deep, mutually beneficialcollaborations with our partners. Together, we aim to create an ecological supply chain.
Ecologicalization of Business Model
Ecologicalization of IndustryLeveraging our global advantages in the cathode materials segment, Ronbay Technology will work closelywith industry partners to source end-of-life batteries from automakers and battery manufacturers, developurban mining resources, and build a global circular supply chain that complies with EU and U.S. regulationswhile maintaining strong cost competitiveness.
Mining
Smelting
Rening
PrecursorLithium raw
materials
Rening
Disassembly
Usedbatteries
CapitalTechnologyEquipmentConsulting
Researchinstitute
Ronbay’s cathode materials industry
The Path of Sustainable Development
At present, sustainable development has become a core issue for global enterprises. Ronbay Technologydeeply recognizes the importance of systematizing, specializing, and standardizing sustainable developmentmanagement systems. It deeply integrates the concepts of sustainable development into its corporatestrategy and operations, formulates a sustainable development strategy that promotes both theory andpractice, and actively responds to challenges.At the same time, the company further deepens the concepts of sustainable development, guided by the“dual carbon” goal, adhering to the mission of developing the new energy industry, improving the humanliving environment, creating a better future for the company and employees, and paying back to society, withthe vision of establishing a new energy industrial cluster with rst-class innovation ability and promoting thetransformation of the global energy structure. It builds a corporate value system with “green, low-carbon,circular” as the core, and is committed to providing advanced experience for the sustainable development ofthe global new energy industry.
Disassembly andpowdering
Cathode
Overseas vehiclemakers
Europe
SoutheastAsiaSouthKorea
NorthAmerica
Rening
Overseasbattery cells
Precursor
Sustainable Development Roadmap
Construction period ofsustainable development
Maturity period ofsustainable development
Excellence period of insustainable development
Three-year planFive-year planTen-year plan
2025-20272028-20292030-2035
Establish a sustainabledevelopment managementsystem and complete theconstruction of systemregulations and processes
Establish a comprehensivesustainable developmentsystem for the industrialchain, and foster a consistentcharacteristic sustainabledevelopment culture ofRonbay both domesticallyand internationally
Establish a sustainabledevelopment system forthe entire industry cluster,aiming to become abenchmark for sustainabledevelopment in the globalnew energy industry
Core customerProcessing center
The Path of Sustainable Development
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2024 Environmental, Social and Governance Report
Sustainable Development Honors and Awards (Part)
Sustainable Development GovernanceRonbay Technology has established a full-cyclegovernance system that covers strategic planning,execution implementation, and supervision andimprovement through top-level design, organizationalchange, and technological innovation. The companyhas established a three-tier management structure of“decision-making layer - management layer - executionlayer”. The board of directors formulates the ESGstrategic direction and supervises the achievementof goals. The ESG Management Committee isresponsible for coordinating resources and promotingcross-departmental specialized ESG workinggroups, covering the entire process of research anddevelopment, production, and supply chain.
Board of DirectorsESG Management Committee
ESG Core WorkingGroup/ Cross-functional
departments
Decision-making level
Management level
Execution levelEstablish an ESGgovernance structure
Ronbay Technology
Ronbay Technology has been awarded the third-level certicationof ISO 56005 “Innovation and Intellectual Property RightsManagement Capability”, becoming the fourth enterprise in Chinaand the rst in Zhejiang Province to achieve this certicationRonbay Technology has obtained the certication of “EnterpriseIntellectual Property Compliance Management System - GB/T29490” for many years in a rowRonbay Technology has been recognized by the Foreign ExpertWorkstation of Zhejiang ProvinceWind ESG Rating Upgraded to A for the First Time
Subsidiary
The subsidiaries Hubei Ronbay and Guizhou Ronbay have beencertied by the Ministry of Industry and Information Technology ofthe People’s Republic of China and have been awarded the titleof “National Green Factory”Hubei Ronbay, a subsidiary, has been awarded the title of “DigitalTwin Factory in Hubei Province”Guizhou Ronbay, a subsidiary, has been awarded the title of“Guizhou Green Supply Chain”Ningbo Ronbay Xiaocaoe Branch was awarded the title of“Waste-free Factory” by the Ningbo Municipal Bureau of Ecologyand Environment
AwardAward-winning organization
Sustainable Development Strategy
Ronbay Technology combines the ESG concept with the ecological concept of daily operations, updates thecompany’s sustainable development strategy for 2024, realizes the systematic coupling of ESG governanceand ecological strategy, and forms a precise mapping with the core issues and reporting framework ofsustainable development, reshaping the ESG practice of the new energy industry with ecology-basedthinking.
Transparency andcommunication
Regularly publish ESG reports,ensuring transparency and openness ofinformationImproving the company’s governancestructure, with fair and transparentdecisionsResponding to the concerns ofstakeholders to ensure e?ectivecommunication
SteadyProgressLeads to aBright Future,Charting aBeautifulBlueprint
Corporate governanceCompliance managementRisk prevention and
controlIncorruption management
and business ethicsInformation security andprivacy protectionEcology-driven,quality service
Insisting on research and developmentto promote the progress in materialtechnologyAdopting new technology to improve theengineering and manufacturing qualitySaving energy, reducing emissions ofcarbon and solving environmental andsocial problems
Striving forExcellence,Facilitatingthe Process ofGlobalization
R&D innovationProduct quality and safetyCustomer service
Ecologicalenvironment,greendevelopment
Reducing the energy consumption andwaste generation during productionUsing environment-friendly materialsand reducing negative impacts on theenvironmentAdopting recycling economy andpromoting the recycling of products andmaterialsAdopting clean energy
Low-carbonEnvironment,PracticingGreenCoexistence
Coping with climatechangesEnvironmentalmanagement systemEnergy managementWater resourcesmanagementPollutant and wastemanagementCircular economyResponsible
operation,HarmoniousCoexistence
Adopt an ecology-based thinking,engage in industry exchanges, andcontinuously interact and adapt to theexternal environmentCollaboration and cooperation withinthe supply chain to jointly promote thedevelopment of new energy businessDigitizing management of supply chaintraceability, carbon footprint, and otherinformation to reduce risks and costs
Win-winValue, DrivingIndustryDevelopment
Responsible supply chainmanagement
Corporatecitizenshipresponsibility
Ensuring the safety and health ofworkplacesPromote employees’ career developmentand educationProtecting the rights and benets of theemployees and forbidding discriminationand exploitationSupporting community development andparticipating in community service andcharity activities
People-
oriented,
AchievingHappiness
Sharing
Takingresponsibility,PromotingHarmony andProsperity
Fair employment and
rights and interests
protectionSta? training and
developmentOccupational health and
safetyRural revitalization and
public welfare charity
Communitycommunication and
involvement
Strategic PillarPillar Interpretation
FrameworkCorrespondence
Core IssuesSDGs
The Path of Sustainable Development
1819
2024 Environmental, Social and Governance ReportCommunication with StakeholdersThe company adheres to the principle of stakeholder engagement, emphasizing communication with diversestakeholders. It fully identifies stakeholders and establishes diverse communication channels tailored totheir varying concerns. The company explores normalized communication mechanisms, deeply understandsstakeholders’ expectations for the company’s development, promptly responds to their demands andexpectations, and fosters long-term, mutually trusting relationships.
Corporate governanceCompliance managementRisk prevention and controlResponsible supply chainmanagementRural revitalization and publicwelfareProduct quality and safetyCoping with climate changes
Information disclosureRegulatory supervisionForum meetingsSocial media
Compliance managementRisk prevention and controlProduct quality and safetyR&D innovation
Shareholders' meetingAnnual reports, semi-annual reports, and otherinformation announcementsSocial mediaInvestor hotlineE-maile-interaction PlatformResponsible supply chainmanagementProduct quality and safetyFair employment and rightsprotection
Supplier visitAdmission assessmentPurchasing processDaily communicationSupplier trainingFair employment and rightsprotectionEmployee training anddevelopmentOccupational health and safety
Workers congressTrade unionEmployee TrainingDaily communication
StakeholdersKey focus topicsCommunication methods
Governmentand regulationinstitutions
Shareholders and
investors
Suppliers/Partners
Employees
StakeholdersKey focus topicsCommunication methods
Customer serviceR&D and InnovationProduct quality and safetyInformation security andprivacy protection
Company o?cial websiteWeChat o?cial accountMedia platformService hotline
Corporate governanceCompliance managementIncorruption management andbusiness ethicsInformation security andprivacy protectionProduct quality and safetyR&D and Innovation
Company o?cial websiteSocial mediaIndustry exchange activities
Rural revitalization and publicwelfareCommunity communicationand involvementEnvironmental managementsystem
Assist social welfarePromote green production
Consumers andcustomers
The public
Media, NGOs, industryassociations, etc.
The Path of Sustainable Development
2021
2024 Environmental, Social and Governance ReportDouble Materiality Assessment
To e?ectively identify, understand, and respond to the close attention from various stakeholders regarding thecompany’s sustainable development practices, the company conducted a analysis of double materiality inaccordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies-Sustainability Report (Trial) issued by the Shanghai Stock Exchange. In 2024, the company engaged inin-depth communication with various stakeholders through questionnaire surveys, interviews, and otherforms, taking into account international and domestic policies, industry standards, and peer practices. Thisallowed for a full understanding of their expectations and needs for the sustainable development of RonbayTechnology, providing strong support for strategy formulation and decision-making.Assessment Process
Understand thebackground of thecompany’s activities
and businessrelationships
Establish an
issue list
Assessment and
conrmation ofimportance ofissues
Issue review
and report
By interpreting domestic and international sustainable developmentstandards, company business operations, product services, value chains,and industry conditions, we shall understand the sustainable developmentcontext in which the company operates.
Based on the actual situation of the company and communication withstakeholders, we shall initially identify and screen the relevant sustainabledevelopment issues and analyze the sustainable development issues.
Based on the company’s own situation, industry development trends,authoritative domestic and international research, etc., we shall assessand rank the impact materiality and financial materiality of the issues,forming a double materiality matrix.
After review and confirmation by the company’s management, keydisclosures shall be made in the high importance issues in the reportduring the reporting period.
Ronbay Technology has identied a total of 22 key issues related to the environment, society, and governance(6 issues at the environmental level, 11 at the social level, and 5 at the governance level), providing importantbasis and guidance for the company’s future sustainable development strategy, performance management,and information disclosure.
Coping with climatechangesEnvironmentalmanagement systemEnergy managementWater resourcesmanagementPollutant and wastemanagementCircular economy
R&D and InnovationProduct quality andsafetyCustomer serviceResponsible supplychain managementChemicals managementHazardous substancemanagement
Fair employment andrights protectionSta? training anddevelopmentOccupational healthand safetyRural revitalizationand public welfareCommunitycommunication andinvolvement
Corporate governanceCompliancemanagementRisk prevention andcontrolIncorruptionmanagement andbusiness ethicsInformation securityand privacy protection
EnvironmentGovernanceSociety
Impact Materiality
Financial Materiality
R&D and InnovationProduct quality and safetyCustomer service
Sta? training and development
Hazardous substance management
Chemicals managementCommunitycommunicationand involvement
ESG
Rural revitalization and
public welfare
Responsible supply chain management
Fair employment and rights protectionOccupational health and safety
Coping with climate changesCircular economy
Environmental management system
Energy managementPollutant and waste management
Water resources management
Information security and privacy protectionIncorruption management and business ethics
Corporate governance
Risk prevention and control
Compliance management
Steady Progress Leads to a Bright Future, Charting a Beautiful Blueprint
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2024 Environmental, Social and Governance Report
Steady Progress Leads toa Bright Future, Charting aBeautiful Blueprint
1.1. Strengthen Governance and Consolidate the Foundation of Governance24
1.2. Compliance Management Ensures the Stability of Business Operations28
1.3. Anti-corruption and promotion of integrity, and Build an Integrity System34
1.4. Intellectual Property Protection38
1.5. Information Security, Guarding the Data Defence Line40
Cheapter contents
Ningbo Ronbay New Energy Technology Co., Ltd.
Governanceoptimization
Upgrade the governance system, with women accounting for33%of the board of directors, and convening
board ofdirectors meetings throughout the year to ensure efficient andtransparent decision-makingGlobal layout
Overseas sales have surpassed20,000tons, with officesand production bases established in North America, Europe,and Southeast Asia, accelerating the construction of localizedproduction capacityInvestor returns
Cash dividends accounted for
24.89%
of net prot, and atotal of10,090,400shares were repurchased, boostingmarket condenceCompliancemanagement
Launched a digital contract management system, released
overseas compliance research reports, and strengthenedcompliance operations for global business.Technical innovation
Accumulated1,206patent applications, including
invention patents, obtained ISO 56005 innovation managementcertication of Level 3, with patents covering core areas of newenergyInformation securityand risk management
Implemented a three-defence line risk control system, identied
risk warnings, achieved an audit coverage rate of83%,and ensured compliant and stable operations
Steady Progress Leads to a Bright Future, Charting a Beautiful Blueprint
2425
2024 Environmental, Social and Governance ReportStrengthen Governance and Consolidatethe Foundation of Governance
Organizational Structure
Ronbay Technology strictly adheres to the Code of Governance for Listed Companies and the No. 1 Self-regulatory Guidelines for Listed Companies in the Science and Technology Innovation Board of the ShanghaiStock Exchange - Standard Operation. It has established a corporate governance structure centered aroundthe shareholders assembly, the board of supervisors, and the board of directors. Under the board of directors,there are the Strategic Committee, Audit Committee, Nomination Committee, and the Remuneration andEvaluation Committee. Corresponding decision-making and operational mechanisms have been establishedto enhance the company’s scientic decision-making capabilities and e?ectively safeguard the interests of allshareholders and creditors.
Ronbay Technology has always regarded the improvement of its corporate governance system as thecornerstone of sustainable development, strictly abiding by the requirements of the Company Law of thePeople’s Republic of China, the Securities Law of the People’s Republic of China, the Commercial Law,and other local laws and regulations where it operates, and building a governance structure that is highlycompatible with its business. Under the New Integration Strategy, the company has strengthened the cross-departmental collaboration mechanism and resource integration capabilities by building a platform-based andorganized operation system, transforming governance advantages into development momentum.
Governance Organizational StructureGeneral Meeting of Shareholders
Board of SupervisorsBoard of Directors
Board Governance
Ronbay Technology has always been concerned about thescientific, normative, and transparent nature of corporatedecision-making, establishing a scientific board of directorsgovernance system. The Strategic Committee focuses on thecompany’s long-term strategic planning, major investmentand nancing projects, and capital operations, with an eye onthe technological layout in the field of new energy materials.The Audit Committee is responsible for improving the qualityof the company’s financial information disclosure, supervisingthe operation of the internal control system, and ensuring thecompany’s audit compliance. The Nomination Committee isresponsible for leading the qualification review of candidatesfor the replacement of the board of directors, ensuring thatthe background of directors and senior executives closelymatches the company’s strategic needs. The Remunerationand Evaluation Committee is responsible for improving theperformance evaluation system for directors and seniorexecutives and promoting equity incentive plans. The boardof directors and various specialized committees implementthe resolutions of the shareholders assembly to ensure thecompany’s sustained, healthy, and stable development.All directors and supervisors of Ronbay Technology strictly adhere to the Company Law of the People’sRepublic of China and are elected in accordance with the Articles of Incorporation and other internalregulations. In accordance with the Measures for the Administration of Independent Directors of ListedCompanies and the Rules Governing the Listing of Stocks on the Science and Technology Innovation Boardof Shanghai Stock Exchange, and taking into account the actual situation of the company, the company hasrevised the Independent Directors Work System, Rules of Procedure for the Nomination Committee, Rules ofProcedure for the Audit Committee, Rules of Procedure for the Strategy Committee, and Rules of Procedurefor the Remuneration and Evaluation Committee. Additionally, the company has introduced the WorkingRules for Special Meetings of Independent Directors to further clarify the scope of responsibilities, authorityboundaries, and procedural processes for independent directors. In 2024, the company completed theelection of the third term of the board of directors and the board of supervisors. The new board of directors iscomposed of 6 non-independent directors and 3 independent directors. The members of the board of directorshave professional backgrounds in various fields such as new energy materials, enterprise management,and nancial investment. The educational background, work experience, and professional experience of theindependent director candidates are all capable of fullling the duties required of independent directors.
IndexUnit2024Number of board of directorsPersons9
Male directorPersons6Female directorPersons3Ratio of women on the board of directors%33
Key Performance
During the reporting period
the company held a total of
shareholders' meeting
meetings of the board of directors
meetings of the NominationCommittee
meetings of the Audit Committee
meetings of the Remunerationand Evaluation CommitteeThe meetings fully discussed andvoted on various proposals ofthe company, ensuring that thecompany’s decisions are compliant,rigorous, and e?cient.
StrategyCommittee
NominationCommittee
Remunerationand EvaluationCommitteeAudit Committee
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Salary Management
Organizational Management Innovation
Ronbay Technology has established a performance review mechanism for the board of directors, regularlyassessing the performance of board members to ensure the effectiveness of board governance. At thesame time, the company strengthens the responsibility of the board of directors on ESG issues, adheresto the principles of “remuneration based on performance and shareholder returns, adapted to personalresponsibilities, contributions and performance, linked to the company’s market value and performance, andassociated with sustainable development indicators”, and formulates a compensation management schemefor all sta? including directors, supervisors and senior executives. It is clearly stipulated that ESG indicatorsshall not be less than 10% of the annual salary assessment. At the same time, key ESG performanceindicators are assessed using a score-deduction mechanism, with point deductions applied for violations orcontroversial incidents.
Guided by the New Integration Strategy, the company comprehensively optimizes its organizationalmanagement system. At the top-level design level, it establishes a future strategy office to strengthenstrategic decoding and industrial investment capabilities. Based on the functional empowerment hierarchyand business value chain positioning, departments are divided into main businesses, the mid-tier, andthe back-end support for intensive management. The front-end is close to business market updates anditerations, the mid-tier dynamically empowers and optimizes resources, and the back-end ensures strategicfocus, forming a cross-functional matrix collaboration mechanism to help build an industrial investment andoperation corporation.
Ronbay GroupFuture Strategy O?ce
Back O?ce
Strategy
HumanResources
Finance andEconomicsPresident’s
O?ce
Management Transformation
and Digital IntelligenceLegalA?airs
AdministrationSecurities
RiskManagementAcademy ofRonbayInvestmentManagement
Middle O?ce
CoreBusiness
RegionalManagement
InvestmentEquipmentQuality, Environmental Safety, andSustainable Development
Supply ChainManagementCentral Research
InstituteMarketing and
Sales
Engineering and
Manufacturing
Ternary CathodeMaterials Division
LMFP Division
Sodium-ionBattery Division
Precursor
Materials Division
RecyclingDivision
……
Greater China RegionEuropean Region
Korea & Japan Region
Southeast Asia Region
North America Region
……
Investor Rights and Benets ProtectionRonbay Technology has always been committed to establishing a sound investor protection mechanismand enhancing the company’s credibility and market competitiveness. During the reporting period, thecompany implemented the 2023 annual profit dividend plan, distributing cash dividends of 3.03 yuan per10 shares, which accounted for 24.89% of the company’s net profit attributable to shareholders of listedcompanies for the year. From October 2023 to July 2024, the company repurchased a total of 10,090,400shares, accounting for 2.09% of the total share capital. Some of the repurchased shares were used for futureimplementation of equity incentive plans or employee stock ownership plans, while some were cancelledto maintain the company’s value and shareholders’ interests. The company’s continuous implementation ofthe repurchase plan demonstrates its determination to advance together with its employees and investors,promoting further improvement in the company’s operating performance and contributing to the company’slong-term, healthy, and sustainable development.In order to enable investors to more thoroughly, clearly, and comprehensively understand the company’slatest operating conditions and future plans, during the reporting period, the company organized multipleperformance presentations, responded to 116 investor questions through the Shanghai Stock ExchangeE-interaction platform, maintained communication with investors through various channels such as emailand investor hotline, continuously paid attention to and collected opinions from investors and the media, andpromoted two-way communication between the company and investors.Investor communication channels
●Company o?cial website, WeChato?cial account
●Exchange e-interaction platform
●Investor hotline and investor email
●Site survey
●Performance presentation
●Periodical reports
●Roadshow and Anti-roadshow
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2024 Environmental, Social and Governance ReportCompliance Management Ensures theStability of Business Operations
Compliance Management
The company attaches great importance to compliance management, and the third session of directors,supervisors, and senior executives have no regulatory penalties, judicial investigations, or dishonesty. Thecompany has established an Audit Committee to review internal audit reports quarterly and actively promoteinternal control rectification and process optimization. The company’s legal department coordinates theconstruction of the compliance management system, benchmarks the industry’s best practices, and builds acomprehensive compliance management system led by “construction of corporate compliance culture” andsupported by personnel, technology, systems, and processes, providing system support for the managementconstruction of compliance management organization, compliance management operation, and compliancemanagement guarantee.
Ronbay Technology actively promotes the digitalization of compliance. In 2024, the company launched anintegrated contract management system centered around contracts, achieving full-process digitalizationof compliance, risk, internal control, and analysis, optimizing management processes and efficiency. Atthe same time, the company continues to improve its contract management, litigation management, andintellectual property rights management systems, collaborating with multiple departments for coordinatedreview to e?ectively avoid contract risks.
Ronbay Technology firmly believes that compliance management and risk control are the importantfoundation for the stable development of enterprises. The company continues to optimize internalcompliance management and constantly improve the risk control system. The company has establisheda legal department and a risk prevention and control center to coordinate compliance management andrisk prevention and control work, meet the needs and expectations of stakeholders, and ensure the stableoperation of the enterprise.
Operation Mechanism
Compliance Management System
Compliance Risk Identicationand Early Warning MechanismCompliance Risk Handling
Mechanism
Compliance Review MechanismAccountability Mechanism for
Violations
Assessment Mechanism of
Compliance Management System
Five MechanismsOneSystem
Strengthening compliance assessment and
evaluation
Construction of compliance management
information-based system
Establishment of a professional and high-
quality compliance management teamValuing compliance training
Fostering compliance culture
Establishing the order of compliance reporting
Guarantee Mechanism
Compliance Risk Management
Overseas Compliance Management
Ronbay Technology identifies key compliance risks according to the functions of different departments,collaborates with each department to provide legal support, and jointly responds to risks. It identies sevenkey compliance areas including market transactions, safety and environment protection, nance and taxation,product quality, intellectual property rights, labor and employment, and business partners, and formulatescorresponding control measures. It highlights compliance review and supervision in the three key links ofinstitution formulation, operation decision-making, and production and operation, and strengthens compliancemanagement for management, sta? on important risk positions, and overseas personnel.In 2024, the company conducted in-depth compliance risk analysis in 21 key areas, identifying 370compliance risks. By implementing a closed-loop management mechanism, the company comprehensivelyimproved its ability to prevent and control compliance risks, ensuring the standardization and sustainability ofits operations.With the acceleration of globalization, overseas compliance risks have become prominent. The company hastaken targeted review measures for the compliance dimensions of overseas business, combining internaland third-party review. Through a weekly reporting mechanism, it regularly monitors and reports on litigationcases, overdue payment cases, and daily operational risks. At the same time, Ronbay Technology activelyconducts overseas compliance research, completing special studies on the U.S. Ination Reduction Act, theU.S. Committee on Foreign Investment’s National Security Review Annual Report, and the European ForeignSubsidies Regulation, providing strong support for overseas investment decisions. Additionally, the companyconducts in-depth policy and business environment research on key projects and industries in regionssuch as North America, Europe, Indonesia, and South America, producing 22 research reports to clarifycompliance obligations and reduce investment and operational risks.The company adheres to the principle of “acting based on prevention beforehand, control during the process,and supported by remediation”. It adopted preventive measures against compliance risks beforehand andembedded compliance reviews of business contracts, regulations, and important decision-making processesinto various overseas business procedures, achieving full coverage of compliance risk prevention from theearly stages of the project to operation. Simultaneously, the company actively promotes overseas complianceanalysis and risk warnings to ensure compliant operations in di?erent countries and regions. The companyincorporates compliance management performance into job evaluations, requiring overseas companies toregularly report and undergo inspections on their compliance management e?orts.
The Most Potential Legal/Compliance Team of 2024
On December 21, the “4th WELEGAL Legal Compliance Rankings Award Ceremony”was held in Shanghai. Our company’s legal department stood out from hundredsof state-owned enterprises, foreign enterprises, and leading private enterprisesacross the country, and was awarded the “WELEGAL 2024 Top 20 Most PotentialLegal/Compliance Teams” award. This award recognizes legal compliance teamsand individuals who have made outstanding contributions throughout the year,jointly empowering the sustainable development of enterprises. This honor is a highrecognition and a?rmation of the quality of our legal team and the excellent platformprovided by our company.
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Ronbay Technology updates relevant business requirements in a timely manner according tochanges in the US situation, actively conducts legal analysis related to the US, closely monitorsthe legislative dynamics of the Trump administration, invites local lawyers to provide consultationand implementation training on California labor employment laws, and analyzes patent risks andcountermeasures in the US based on the company’s patent situation.Through analysis and risk identication work, the company has formed an analysis summary ofcompliance risk control points for labor employment in the United States, and has produced 12major research reports in the United States, including FEOC and anti-monopoly law and a patentrisk map for the United States.
CaseCompliance Risk Prevention and Control Practices in the United States
The European Commission has released the Net-Zero Industrial Act and the Critical RawMaterials Act, proposing that at least 40% of clean energy technologies should be manufacturedwithin the EU by 2030. As part of the EU Green Deal Industrial Plan, the company closelymonitors legislative dynamics in the European region and prepares for business development inadvance. Based on the company’s patent situation, it analyzes patent risks and countermeasuresin the European region. Ultimately, the company has produced six major research reports in theEuropean region, including the Critical Raw Materials Act and the Polish corporate governancelegal report, and developed a patent risk map for the European region to reduce operational risksfor the company’s compliance work.
CaseCompliance Risk Prevention and Control Practices in Europe
“Contract-abiding and Trustworthy Enterprise” in HubeiProvinceOn October 21, the list of “Contract-abiding and Trustworthy”enterprises for the 17th session in Hubei Province wasannounced. Subsidiary Hubei Ronbay was successfully selectedfor its honest operation and excellent contract fulllment ability.This honor not only demonstrates Ronbay’s contract spirit andrespect for contract obligations in business activities, but alsoinjects new impetus into its future sustainable development.
Compliance Training
Internal Control Evaluation
Risk Management System
In terms of compliance culture construction, the company has established a compliance training mechanism,integrating compliance culture into the core values of the enterprise, employee performance evaluation,and daily behavior through daily training and assessment, promoting employees to deeply understandand practice compliance requirements. At the same time, overseas compliance training is conducted fordirectors, senior executives, and employees assigned to work overseas. In 2024, the company hired a third-party professional organization to conduct professional training and case experience sharing for relevantemployees of the legal department more than twice a quarter, and provided targeted compliance trainingfor various business departments on overseas risks of intellectual property rights, contract compliance, etc.,strengthening the trainees’ understanding of compliance requirements for related topics.
Ronbay Technology has formulated Oversight and Governance Regulations, Regulations on LitigationManagement, Regulations on Contract Management, and other institutional documents, actively improvingthe internal control system, and has completed a total of 50 internal control systems, covering all operationalaspects such as corporate governance and human resources. In 2024, no major defects were found innancial and non-nancial reports.The company follows the principles of legitimacy, comprehensiveness, importance and objectivity, andregularly conducts internal control evaluations based on the Basic Regulations for Internal Control of theCompany and the ISO 31000 Risk Management Standard, in conjunction with the internal control systemand evaluation criteria. For key business process links, the company continuously strengthens the proceduralinternal control supervision mechanism, regularly conducts normalized audits, and achieves e?ective processsupervision. At the same time, the company achieves e?ective supervision of bidding business through thecombination of in-process supervision of bidding and post-purchase routine auditing, e?ectively preventinginternal control risks.
Ronbay Technology has focused on establishing a “three-defence line” risk management system coveringthe entire business chain to minimize losses caused by risks related to the operation process. The companyensures that risks are identiable, assessable, and manageable. For di?erent types of risks, the companyhas set up a special plan linkage mechanism to enhance the efficiency of emergency response and riskmanagement capabilities of the enterprise.
Internal Control and Risk ManagementRonbay Technology strictly adheres to the Company Law of the People’s Republic of China, BasicRegulations for Internal Control of the Company, and other relevant laws and regulations, as well as therelevant requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange.It actively engages in internal control management and corporate risk prevention and control. The companyadheres to the concept of “prevention first, systematic governance” to ensure standardized corporategovernance and stable operations.
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Risk Identication
Ronbay Technology systematically addresses diversiedrisk challenges through a dynamic risk identificationmechanism and categorized and graded management.The company has established a weekly risk warningreport mechanism, managing risks by frequencyand impact, with major risks directly involving seniormanagement in decision-making. It has rened existingrisk monitoring areas, adding exchange rate riskmonitoring and geopolitical risk analysis, and expandingto key areas such as macro policies, environmentalsafety, and investment and acquisition.
Three defence lines for risk management
Principals of Divisions and Business UnitsAs the primary responsible person, the principals of divisions andbusiness units is tasked with implementing risk prevention and controlresponsibilities in daily operations, and addressing over 95% of routinerisks through business norms and process optimization.
Corporate Diagnostics Department and Information Security Department
Focus on risk management and control during the process, they assistbusiness departments in improving control measures, promote closed-loop management of issues, and strengthen information security andcompliance supervision.
Audit DepartmentThrough independent audits and special inspections, we systematicallyverify and rectify the omissions in the first two defense lines, establisha deterrence mechanism, and ensure timely remediation of riskvulnerabilities.
FirstDefence
Line
SecondDefence
Line
ThirdDefence
Line
In 2024
Daily and special risk monitoringresults showed that
a total of
risk warnings wereidentied across the entire corporation
Risk Control TrainingIn terms of risk culture construction, the company integrates risk management into employees’ daily workthrough comprehensive training and awareness promotion. Relying on the Academy of Ronbay program, thecompany conducted seven risk management trainings across the entire corporation in 2024. Through variousforms such as face-to-face courses, online course announcements, and video promotions, the companypopularized risk control theories and methods, covering new employees, special-purpose positions, and themanagement, thereby enhancing risk prevention and control awareness.
IndexUnit202220232024Risk control auditsNumber of times301816Number of problems reected by the auditsNumber43129381
Risk management trainingNumber of times427
Audit coverage ratePercentage717583
Key Performance
In 2024, Ronbay Technology established a comprehensive weekly reporting mechanism tosystematically carry out legal risk monitoring and management, producing the Litigation WeeklyReport and Risk Weekly Report. Through the weekly report management system, dynamictracking and analysis of litigation cases were achieved, and the recovery rate of overdue paymentssignificantly increased compared to the previous year. This comprehensively enhanced thecompany’s risk early warning capabilities and e?ectively reduced the company’s litigation costs andtime costs. At the same time, cross-departmental collaboration and coordination were achieved, withmore than 30 cross-departmental risk coordination meetings held throughout the year. In addition,the case data analysis, risk trend research and judgment, and other content provided in the weeklyreports provided important references for the company’s management in formulating businessstrategies, playing a key role in major project decisions and business expansion.In 2024, the Legal Department has completed over 100 litigation weekly reports and risk weekly reports, achievingan accuracy rate of 90% for major risk warnings.
CaseWeekly report management system
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Tel and WeChat15057426133 (WeChat account: Ronbay Clean Practice)Whistle-blowing emailjubao@ronbaymat.comThe company’s WeChatWhistle-blowing and complaintWhistle-blowing QQ2140436461
Mailing address
The Supervision Department of Ronbay Risk Control Center,39 Tanjialing East Road, Yuyao, Zhejiang
Anti-corruption and promotion of integrity,and Build an Integrity System
Ronbay Technology respects the free and fair market economic order, continuously optimizes the businessethics management system, comprehensively promotes anti-corruption and business ethics construction, andis committed to creating a working atmosphere of “compliance, integrity, honesty, health, positivity”.Construction of an Integrity SystemThe company continues to implement institutional documents such as the Accountability Regulations forSupervision Cases, Regulations on Workplace Integrity, Regulations on Presents and Cash Gifts, Regulationson Whistle-blower Rewards, and the Honest and Clean Cooperation Agreement, to build a comprehensiveintegrity management system. In 2024, the company established an integrity management system, with theDisciplinary Committee under the board of directors responsible for the integrity construction work of variousbusiness systems and subsidiaries. At the same time, we issued the Oversight and Governance Regulationsto further clarify the supervision mechanism and whistle-blowers protection mechanism, with measures suchas employee integrity commitment, whistleblower incentive mechanism, and gift requirements. Additionally,we claried prohibited misconduct for employees of di?erent positions and functional lines, divided the degreeof violations and disciplinary actions, standardized supervision procedures, and implemented the principleof “taking lessons from the past and avoiding future mistakes, helping others by providing guidance andassistance”.
Group Level
Business Unit andSubsidiary Level
Governance Level
Chairman of the BoardDisciplinary Committee
Inspection Group underthe Corporate Diagnosis
Department
Regional InspectionGroups (e.g., Central ChinaInspection Group, EastChina Inspection Group)
AuditDepartmentRisk Control Center
“Whistle-blower” System
Ronbay Technology has established a “whistle-blower”management system to encourage internal and externalpersonnel to uncover and report illegal and irregularbehaviors within the company. Special personnel areassigned to handle and investigate reporting clues. Thecompany rmly adheres to the principle of “protecting thewhistle-blowers”, implements a condentiality mechanismfor whistle-blowers, strictly keeps reported informationconfidential, and takes measures such as minimizingthe number of insiders, strictly prohibiting the disclosureof reported content and personal information of whistle-blowers, and absolutely tolerates no retaliation againstwhistle-blowers in any form.
During the reporting period
more than
reports werereceived, and the handlingcompletion rate of irregularitiesreached100%.
Reporting Channels
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Supplier Integrity Management
To strengthen the integrity management of the supplychain, Ronbay Technology conducts background checksand pre-contract inspections on suppliers, signs a Letterof Commitment on Integrity and Compliance of Suppliersduring the cooperation period, and is supervised by theRisk Control Center throughout the entire process. Ifany violations are found, the company will immediatelystop cooperation, interview the supplier, and improveinternal processes. The company has formulated theCode of Conduct for Suppliers, requiring all cooperativesuppliers to sign the Letter of Commitment on Integrity andCompliance of Suppliers.Antitrust and Anti-Unfair CompetitionRonbay Technology adheres to the concept of compliance management, and strictly complies with the Anti-Unfair Competition Law of the People’s Republic of China and relevant laws and regulations in overseasbusiness locations. The company actively fulfills its legal responsibilities in anti-monopoly and anti-unfaircompetition, creates a fair market environment, resolutely resists actions that restrict or exclude marketcompetition through improper means, and fully guarantees the healthy and orderly development of themarket. Ronbay Technology requires all employees to comply with the competition and anti-monopoly relatedregulations in the jurisdictions where the business is involved. The company formulates comprehensiveguidelines to provide comprehensive guidance for dealing with unfair competition, and clarifying potentialadverse impacts, including legal consequences. In addition, the company organizes antitrust law training tocontinuously enhance employees’ compliance awareness and lay a solid foundation for steady development.
Anti-corruption TrainingRonbay Technology attaches great importance to theconstruction of a culture of integrity, and conducts integritytraining for employees through various forms. With theAcademy of Ronbay as the core, regular online and o?inetraining is organized, and new employees are requiredto take compulsory online anti-corruption courses uponjoining. At the same time, the company announces andpublicizes key risk points and violations throughout theentire corporation, and anti-corruption training coversall employees from management to grassroots staff,ensuring that integrity and anti-corruption work become theconscious behavioral norms of employees and establishinga good business ethics environment.
During the reporting period
During the reporting period
the coverage rate of business ethicstraining for new employees reached
%all employees signed the EmployeeIntegrity Commitment
the signing rate of cooperativesuppliers was
%
Trade Secret ProtectionRonbay Technology strictly adheres to the Civil Code of the People’s Republic of China, the Anti-UnfairCompetition Law of the People’s Republic of China, and the regulations on the protection of trade secrets,establishing a comprehensive condentiality system and internal control mechanism to prevent the leakageof core technologies and business information. Any trade secrets involved in work must not be disclosed tooutsiders or unrelated employees without approval.Protection measures for business secrets
Conduct business secret protection training, strengthen employees’confidentiality awareness, and enhance employees’ ability to correctlyhandle business secret information.
The company signs an NDA with our employees, partners, suppliers andother third parties, and introduces condentiality clauses in its contracts tospecify the condentiality obligations and liabilities for breach of contract.
Using technical measures such as encryption technology, accesscontrol systems, and network security solutions, we protect trade secretinformation and provide security guarantees for the classication, storage,access control, and transmission process of sensitive information.
Business
secrettraining
NoDisclosureAgreement
(NDA)
Digitaltechnology
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Intellectual Property Protection
Ronbay Technology adheres to the intellectual property protection principles of “protecting innovation fruits,strengthening product competition, respecting intellectual rights and interests, and achieving commercialsuccess”. It strictly complies with domestic and international laws and regulations such as the Patent Lawof the PRC and the Anti-Unfair Competition Law. It has formulated over 20 related systems including theIntellectual Property Management Regulations, the System of Patent Application and Approval and Rewardand Punishment, the Overseas Patent Application Management Regulations, and the Business SecretProtection Regulations, ensuring the full lifecycle management of intellectual property from application,maintenance to rights protection. In 2024, the company added the Ronbay Technology Patent ApplicationReview Standards and the Management Measures of R&D Project Intellectual Property, optimizing the qualityof patent applications and the e?ciency of R&D results protection, further improving the intellectual propertymanagement ecosystem.Ronbay Technology has established a systematic prevention and control system for intellectualproperty risks, strengthening risk response capabilities through proactive early warning mechanismsand full-process compliance management. The company has released the Trademark ManagementRegulations and Copyright Management Regulations, improving overseas trademark registrationand risk control processes. The company has established a professional team for handlingintellectual property disputes, and strengthened intellectual property compliance management.Through measures such as patent freedom-to-operate (FTO) analysis, infringement risk assessment,and graded protection, it achieves the identification and prevention of intellectual property risks.By the end of 2024, Ronbay Technology had a total of 1,206 patent applications, including 629 inventionpatents and 577 authorized patents, with 53 PCT international phase applications, covering key markets suchas China, the United States, and Europe. The number of patent applications by R&D personnel increasedby 23% year-on-year, with patent technologies covering core products such as high-nickel ternary material,LMFP material, and sodium battery cathode material, as well as cutting-edge elds such as solid state batteryand recycling technology, building multi-dimensional technical barriers.
In 2024, the company was awarded the third-level certification of ISO 56005 Innovationand Intellectual Property Rights ManagementCapability, becoming the fourth enterprise in Chinaand the first in Zhejiang Province to receive thisevaluation, marking its innovation and intellectualproperty management system reaching theinternational systematic maturity stage.
The third-level certication of ISO 56005Innovation and Intellectual Property Rights
Management Capability
The company’s Employee Recruitment/Termination Management contract sets intellectual property rightsclauses, confidentiality agreements, and non-compete restrictions, clarifying the boundaries of rights andresponsibilities to prevent technology leakage and unfair competition risks. At the same time, RonbayTechnology has established a multi-level intellectual property training system covering research anddevelopment, production, and new employees, specically strengthening the risk prevention awareness ofkey position personnel.
Indicator (cumulative)Unit202220232024
Invention applicationspiece261492629Invention patents grantedpiece72104162Applications for utility modelspiece343469577
Utility models grantedpiece274346435
The core patent A high-nickel cathode materialwith directional arrangement of primary particlesand its preparation method won the gold awardin the Ningbo Municipal Patent InnovationCompetition
Award
Certied for several consecutive years under the Enterprise Intellectual Property ComplianceManagement System - GB/T29490
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2024 Environmental, Social and Governance ReportInformation Security, Guarding the DataDefence Line
Ronbay Technology has always placed information security and privacy protection at the core of its companydevelopment. The company has released six core systems, including the Administrative Regulations onPersonnel Information Security and the Administrative Regulations on Terminal Security, covering key areassuch as risk management, internal audit, operational security, and data classification, refining the datalifecycle management and risk prevention and control mechanisms.The company has established an information security management system based on the ISO 27001standard. It plans to launch the ISO 27001 certication project in June 2025, complete the certication fordomestic bases in 2026, and complete the certication for overseas bases in 2027, promoting the alignmentof the information security management system with international standards.Digital Information ManagementRonbay Technology attaches great importance to the digital and intelligent construction of informationsecurity and privacy protection, building a multi-layer defence system, deploying tools such as data leakageprevention systems, terminal antivirus software, and behavior audit systems, managing supplier andcustomer data at di?erent levels, and strengthening terminal and network protection.Digital information management initiatives
Terminal level
Network securityaspect
Application level
Develop virus protection, le encryption, and desktop management systems
Establish standard network layering, including application monitoring, etc.
Establish security operation-related products on Huawei Cloud to form amonitoring dashboard
EmergencyResponseMechanism
InformationSecurity Training
The company has established a regular training mechanism for information securityawareness, and based on the specic situation of information security needs, it hasformulated an annual information security training plan to carry out special trainingfor core business departments facing information security. Training methods includecentralized lectures, video training, etc., and the training personnel cover internalpersonnel of the company, outsourcing providers, and relevant personnel of otherexternal partners. At the same time, information security awareness training is acompulsory course for new employees. The Academy of Ronbay’s online platformsets up permanent information security courses such as Information SecurityAwareness Improvement Training and Overseas Information Security ComplianceTraining - IT Module, to popularize privacy protection knowledge and enhanceemployees’ awareness of compliance operations.Ronbay Technology has formulated and released the Information Security IncidentManagement Measures, based on the causes and manifestations of informationsecurity incidents, establishing a four-level incident classication standard (Level Ito Level IV), covering 7 types of scenarios such as network attacks, data leaks, andequipment failures. For identied risks of di?erent levels, targeted risk managementprocesses are formulated to ensure that risks are properly and quickly handled.In addition, the company regularly conducts emergency drills to enhance thecollaborative handling capability of emergencies.Privacy ProtectionWe strictly abide by the related laws and regulations on data security and privacyprotection at home and abroad, such as the Law of the PRC on Data Security,the Law of the PRC on Personal Information Protection, the Regulations on DataExit Security Evaluation, and the Law of South Korea on Personal InformationProtection, and other regulatory guidelines of the countries where our businessis located. It has established a series of privacy protection systems, including theAccess Control Management Regulations, Password Management Regulations,and Information Asset Security Management Regulations, to safeguard user privacyand sensitive data security through technical means such as data encryption,access permission control, and media management. Additionally, the companydeploys a data leakage prevention system to strengthen privacy protection for userand company information at the terminal device level.During the reporting period, the company had not been punished by relevantdepartments for violations of laws and regulations related to information securityand privacy protection.
InformationInternal AuditMechanism
The company has established systems such as the Internal Audit ManagementProcedure of Information Security Management System and the EffectivenessMeasurement Control Procedure of Information Security Management System,and has set up an internal audit team to conduct annual audits of the company’sinformation security management system to ensure its smooth operation. Thecompany’s Information Security Committee is responsible for supervising andconrming information security audits. Before the end of each year, the companydrafts the internal audit plan for the next year and compiles the Annual InformationSecurity Internal Audit Plan. The internal audit work is carried out after approvalby the Risk Control Center, and based on the internal audit results, the technicalconfiguration and institutional processes are dynamically optimized, completingmultiple system security enhancements.
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2024 Environmental, Social and Governance Report
Striving for Excellence,Facilitating the Processof Globalization
2.1. Innovation Empowerment, Driving Industry Development44
2.2. High-quality Service, Shaping Excellent Quality49Cheapter contents
Technologicalinnovation andresearch anddevelopment
Establish the Central Research Institute, lay out a global R&Dsystem, promote AI-enabled electrochemical research, and driveindustrial upgradingIn 2024, R&D investment was424,158,800yuan, withover70%of R&D personnel holding master’s degree oraboveFormulation ofindustry standards
Accumulatively participated in the formulation of
nationalstandards,
industry standards, and
group standardsProduct qualityimprovement
Establish a full lifecycle quality management system, achieving aquality pass rate of
99.99%
and a customer audit pass rateof100%Customersatisfaction growth
In 2024, customer satisfaction reached
97.45%
, marking acontinuous increase for three years, and the customer complainthandling rate was100%Digital intelligent
management
Utilize AI intelligent analysis system to optimize marketforecasting and decision-making, and complete the constructionand launch of over
digital systems
Ningbo Ronbay New Energy Technology Co., Ltd.
Striving for Excellence, Facilitating the Process of Globalization
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2024 Environmental, Social and Governance Report
Innovation Empowerment, Driving IndustryDevelopment
Construction of R&D SystemResearch and Development Philosophy
R&D Innovation System
Ronbay Technology regards technological innovation as an important driving force for enterprise developmentand views research and development innovation as the key to establishing competitive advantages. Thecompany comprehensively plans the layout of innovation strategy, builds a perfect research and developmentinnovation system, actively promotes the trial production of new products and patent management work,leading the new era of innovative development.
Ronbay Technology adheres to the principle of customer first and is committed to building a superbtechnology research and development enterprise in the global secondary battery eld, where technologicalinnovation and commercial value go hand in hand. The company has established a Central Research Instituteto oversee the overall work of the R&D innovation module, undertaking commissions from both internal andexternal customers, focusing on product technology development and cutting-edge technology exploration,and building an innovative birthplace that covers next-generation products and future industry incubation.
Ronbay Technology is oriented towards innovation orientation. Based on the original R&D system, it furtheroptimizes resource allocation and focuses on the transformation from commercially leading R&D to innovationorientation-led R&D. Starting from six dimensions including strengthening the technology planning systemand improving the patent operation system, it promotes the company’s R&D system and strategic upgradeand transformation.R&D system upgrading strategy
Starting from planning and insight, we ensure that the R&D direction is closelyaligned with market demands and future trends.
Realize patent rights, strengthen intellectual property protection, and enhancecore competitiveness.
Strengthen the
technologyplanning system
Improve the patentoperation system
The company’s long-term R&D strategy aims at the deep transformation towards digitalization andintelligence of the R&D system, promoting the shift of R&D mode from “product support-oriented” to“progressive extension-oriented”. While meeting the demands of existing products, it proactively lays outfuture cutting-edge technologies, drives continuous industrial upgrading, and lays a solid technical foundationfor the incubation of new businesses. At the same time, it actively embraces the rapid development andapplication of AI technology, fully utilizing simulation tools to carry out diversied electrochemical researchand accelerate technological breakthroughs.The company drives innovative development through high-level R&D investment. During the reporting period,the company invested 424,158,800 yuan in R&D. The company has established an international R&D teamand widely recruited high-level experts in the fields of material research, engineering technology, productmanagement, and analytical testing both domestically and abroad. R&D personnel are mainly distributed inChina and South Korea, with over 70% of R&D engineers holding master’s degrees or above. Leveragingindependent research and technological cooperation, the company actively develops new products andcontinuously promotes the improvement of existing product quality. The company continuously empowersR&D personnel through R&D system training and knowledge sharing, providing talent support for thecompany’s R&D innovation.
Strengthen lean and agile project management, establish a digital library,conduct knowledge management and digital and intelligent management,ensure knowledge accumulation and accumulation, and improve decision-making and execution e?ciency.Broaden the cooperation network, promote resource sharing and collaborativeinnovation.
Optimize management, cultivate a high-quality R&D team, and lay a talentfoundation for long-term development.
Undertake the corporation’s globalization strategy and provide strong supportfor the international layout of R&D activities.
Optimizemanagementprocesses
Establish a global
ecosystem
Strengthen theteam of talents
Promoteglobalization of R&D
IndexUnit202220232024
R&D investmentten thousand yuan48,655.4335,424.45 42,415.88
Key Performance
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2024 Environmental, Social and Governance Report
Research andDevelopmentDirection
Since its establishment, Ronbay Technology has focused on the research,development, and innovation of cathode materials and precursors. The companytakes the Integrated Product Development (IPD) model as its core, adheres tocustomer demand orientation, and conducts refined project management forproduct development. Through cross-departmental collaboration, the company hasachieved e?cient iteration and continuous optimization of products.Currently, on the basis of consolidating the competitive advantage of high-nickelmaterials, the company is accelerating the innovative research and development ofmedium nickel high voltage ternary materials, LMFP materials and sodium batterymaterials, continuously maintaining the industry’s comprehensive technologicalleadership. The company’s core technologies cover lithium battery and sodiumbattery cathode materials, precursors, resource recovery, engineering equipmenttechnology, and solid-state battery related materials.
Third Prize ofZhejiang ProvincialScience andTechnologyProgress Award
Award
Construction of R&D Platform
Ronbay Technology has established and continuously deepened talent and scientic research cooperationwith well-known domestic and foreign universities and research institutions. By jointly building a researchand development cooperation platform, the company introduces cutting-edge technologies and high-qualityresources, promoting the deep integration and development of the company with external innovative forces,and jointly building a sustainable industry ecosystem.In terms of industry-academy-research cooperation, Ronbay Technology has established long-term and in-depth partnerships with multiple universities and research institutes. The company has signed technicalcooperation agreements with universities such as Tsinghua University and the University of Science andTechnology Beijing, and has carried out a series of research and development cooperation projects. In2024, the company jointly undertook the “Development of Next-Generation High Energy Density PhosphateCathode Materials” project, a key technological breakthrough plan of Ningbo’s “Science and TechnologyInnovation Yongjiang 2035” initiative, with the Ningbo Institute of Materials Technology and Engineering,Chinese Academy of Sciences, Ningbo University, and Eastern Institute of Technology, Ningbo.
The Central Research Institute has planned three technologicalpaths for its long-term technological layout
Ultra-high energy density technology
It primarily involves the use of higher energy density positiveand negative electrode materials for solid-state/semi-solidbatteries, aiming to enhance the overall performance of thebattery.Mainstream technology iterationFocusing on continuous iteration and improvement of materialperformance for ternary, LFP, and LFMP, while also consideringthe iterative research and development of ternary materialsystems compatible with solid-liquid mixed electrolytes.Low-cost technologyWe are committed to the modification research of materialssuch as lithium manganate, and exploring new sodium batterysystems, enriching the portfolio of low-cost products, andenhancing the market competitiveness of our products.
In 2024, Ronbay Technology was recognized by the Foreign Expert Workstation of ZhejiangProvince, marking a significant breakthrough in the company’s efforts to build an internationaltalent hub and promote collaborative technological innovation. This recognition highlyacknowledged the company’s global talent attraction and cultivation system. By establishing across-cultural research collaboration platform, the company has attracted top overseas technicalexperts to join, accelerating the iterative breakthroughs in core technologies such as high-nickelternary material and sodium battery materials. This marks a crucial milestone in achieving thedeep integration of technological globalization and localized operations.
CaseAchievements in Building an International Talent Platform
In terms of talent cultivation, the company has jointly trainedmultiple postdoctoral researchers with well-known universities andmobile stations such as Zhejiang University, University of Scienceand Technology of China, Ningbo Institute of Materials Technologyand Engineering, Chinese Academy of Sciences, and ShanghaiJiao Tong University. In 2024, 10 postdoctoral researchers in thefields of solid-state battery, high-nickel ternary material, LMFPmaterial, sodium battery cathode material, and electrochemistrywere added. These outstanding postdoctoral researchers havehelped the company achieve excellent scientic research results inkey technological elds.In terms of R&D platform construction, in order to further enhance the company’s technological innovationcapabilities and strengthen the fundamental support for scientific research, the company continued toincrease investment in the construction of R&D experimental platforms in 2024, achieving significantprogress. The company newly established one cathode pilot line and multiple small-scale experimentalplatforms, covering areas such as medium-to-high nickel ternary material (including spinel nickel manganeseand lithium-rich manganese cathode), sodium battery cathode material, phosphate cathode material, andsolid state battery material. The testing platform introduced a digital R&D management system, achievingfull-process traceability of experimental testing data through the laboratory information management system(LIMS), which improved R&D e?ciency by over 20%.
Innovative Products and Industry Leadership
R&D Achievements
Based on the advanced R&D system, the company has successfully mastered several industry-leading coretechnologies, including precursor co-precipitation technology, cathode material doping technology, cathodematerial atmosphere sintering technology, cathode material surface treatment technology, high-voltage singlecrystal material production technology, NiCoMn metal recycling technology, Li2CO3 recycling technology,ultra-high nickel cathode material production technology, and high nickel no water washing technology.
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In 2024, Ronbay Technology achieved outstanding innovative results in core technologies suchas cathode material and precursor.
Formulation of Industry StandardsRonbay Technology continues to strengthen technological innovation and product matrix expansion, activelypromoting the construction of industry standardization. As an important participant in the formulation ofindustry standards, the company has participated in the formulation and revision of 7 national standards, 3industry standards, and 6 group standards, playing a signicant role in leading the technological innovationand standardized development of the industry.
Technicalinnovation
●The performance of hard carbon anode, as evaluated by customers, hasreached the top tier level in the industry.
●The precursor-free technology achieves the reduction of cathode cost, and thetechnical level is at the forefront of the industry.
Cathode materialinnovation
●The layered oxide product YNL1-C has been successfully introduced into thetwo-wheeler market.
●The polyanionic compound JY-3 product has achieved bulk delivery of orders.
●The sodium-ion battery anhydrous Prussian white product has been widelyrecognized by customers.
●The process of sodium ferric sulfate has been finalized, and the productcapacity has increased by more than 10% compared to industry competitors.
●High-nickel high-power fast-charging ternary product, high-safety ternaryproducts, and high-voltage medium- and low-nickel ternary products havebecome important components of the company’s product matrix.
●Phosphate cathode products continue to undergo iterative innovation,broadening their application scenarios.
Precursorinnovation
●The capacity and cycle performance of ultra-high nickel precursor productshave been significantly optimized and have entered the import certificationstage.
●Low-cost LMFP material precursor has been supplied in batches.
●The capacity and cycling performance of medium- and low-nickel productshave been signicantly optimized.
Quality Management StrategyImproving the quality performance level of the entire corporation and creating value for customers arethe goals and pursuits of Ronbay Technology. Ronbay Technology closely focuses on the corporation’s“New Integration Strategy”, systematically builds strategic objectives in the field of quality management,comprehensively upgrades quality management, and empowers the corporation’s high-quality development.
High-quality Service, Shaping ExcellentQualityProduct quality and customer service are the trust bond between enterprises and consumers, and also theimportant factors for enterprises to win attention and recognition. Ronbay Technology continues to promotethe construction of quality management system, adopts comprehensive quality management measures,and regards the creation of excellent quality products and the provision of excellent customer service as thefoundation of the company’s sustainable development.Quality System Construction
Strategic objectives of quality management
Form a quality management team specialized in qualityEstablish RQM quality management system for the entire industry chain of RonbayBuild a “quality expert consultation platform” for both internal and external servicesForm an ecosystem encompassing the entire industry chain and Ronbay’s quality management
diagnosis and improvementEstablish a continuously evolving digital platform for quality managementEstablish a benchmark for sustainable global quality management model in the lithium battery
materials industryEstablish a minimalist “agile” quality organizationTo facilitate the implementation of the quality management strategy, the company aims to achieve“improvement in physical quality, perfection of the quality system, and cultivation of quality talents”as the guiding objectives. It has set three-year, five-year, and ten-year plans for quality management.Through phased planning and implementation, the company will continuously enhance the level of qualitymanagement from three dimensions: product quality, management system, and talent cultivation, ultimatelyachieving the strategic goal of “the highest quality level in the global new energy industry”.
Three-year Plan (2025-2027)Five-year Plan (2028-2029)Ten-year Plan (2030-2035)Strengthen the qualitymanagement system
Excellent qualitymanagement
Benchmark quality
managementQuality
objectives
Striving for Excellence, Facilitating the Process of Globalization
5051
2024 Environmental, Social and Governance ReportQuality Control Architecture
The company has established a Quality Operation Management Department under the Quality, EnvironmentalSafety, and Sustainable Development Center, responsible for product quality management affairs. Thecompany clearly divides the product quality management responsibilities between the corporation andfactory/base levels, and links quality objectives with personnel performance to ensure the implementation ofquality management responsibilities at all levels.
Ronbay Technology adheres to the quality management philosophy of “customer priority, technologyinnovation, legal compliance, standard management, risk control, and continuous improvement,” continuouslystrengthening the construction of its quality management system. The company conducts regular internalaudits of the system’s operational results each year to ensure the adequacy and e?ectiveness of the system’soperation, identifying deciencies and making timely improvements to ensure robust and high-level productquality and safety standards. In 2024, all of the company’s production bases have passed the IATF 16949:
2016 quality management system standard with 100% compliance.The company has established a comprehensive product quality management system, through documentssuch as Metal Foreign Body Control - Personnel Management Standards, Total Productive Maintenance(TPM) Management Procedures, Pending Material Classication Standards, Equipment Startup EnvironmentMetal Foreign Body Acceptance and Cleaning Regulations, Sample Retention Management System, etc., tocarry out comprehensive and whole-process ne management of product quality from multiple dimensionsincluding “human, machine, material, method, environment, and testing”.Quality and Capability BuildingRonbay Technology attaches great importance to product quality management. By carrying out fulllifecycle quality management, special quality management, and quality culture construction activities, itcomprehensively enhances the company’s quality control capabilities, laying a solid foundation for creatingproducts of excellent quality.
Quality Control Throughout the Life CycleRonbay Technology builds a quality control system throughout the life cycle to comprehensively monitor andcontrol product quality, promptly identify and solve problems, and help improve product quality.
The company utilizes Integrated Product Development (IPD) tools to optimize thedevelopment framework and R&D management, shorten the product developmentcycle, and prevent risks from the design stage through quality tools such as DFMEA.R&D quality
control
The company uses the Advanced Product Quality Planning (APQP) tool to helpmanage quality risks throughout the entire process from product design to massproduction, reducing defective products.Projectmanagement
Ronbay Technology continues to optimize the customer quality managementprocess to ensure timely response to customer demands.Customerqualitymanagement
The company regulates the quality management of suppliers from development,introduction, and mass production delivery through the Supplier Quality ManagementManual.
Supplierqualitymanagement
The company comprehensively utilizes digital systems such as MES/MOM\LIMS andquality management tools such as SPC, MSA, and FMEA to identify key elementsof process management from 5M1E, monitor the stability of the production process,and ensure the consistency of product quality.
Process
qualitymanagement
Ronbay Technology has established professional laboratories in all manufacturingand development bases that meet the performance test of all products, including 8categories of chemical tests or more, 9 categories of physical tests or more, and 3categories of electrical performance tests or more.Laboratoryreliabilitymanagement
In 2024, both Hubei and Yuyao laboratories will be managed according to CNAS standards andhave completed CNAS certification. Relying on a powerful experimental equipment platformand the in-depth participation of professional personnel, the company continuously optimizes itsproduct reliability testing capabilities, focusing on enhancing the reliability of its products.
CaseLaboratory reliability management
LevelPositioning
Corporation
Strategic decodingCorporation-wide strategy & system design
Professional empowermentInnovation and improvementIndicator setting and management
Business unit & factory
Business execution layerImplement and achieve indicators
In 2024, a total of
customers conducted
quality audits at the companyincluding
audits byinternational high-endcustomers
The passrate was
%The number of customer auditissues decreased by
40.5
% compared to 2024
there were
nocustomer complaintsabove Level C
In 2024, the company achieved a qualied rate of
99.99
% for its shipment batchesthroughout the year.
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2024 Environmental, Social and Governance ReportSpecial Quality ManagementIn order to continuously promote the improvement of the company’s product quality, in 2024, the companycarried out special quality improvement activities including metal foreign body management, total productionand maintenance (TPM), and IE topic improvement, continuously tackling existing quality issues, while layingthe foundation for exploring new technologies and processes.
To intuitively understand the wear and tear of equipment and provide a basis for the overallcondition assessment of the equipment, the company created an equipment wear map in 2024. Atotal of 122 inspection points were set up, accurately identifying 24 key abnormal wear points, andaccordingly outputting 95 specic improvement measures. This action provided a scientic basisfor subsequent equipment maintenance and management, further optimizing the managementstrategy for the entire life cycle of the equipment.
CaseEquipment wear map production
In 2024, Xiaocaoe Branch actively promoted the implementation of the Total ProductiveMaintenance (TPM) management system.Throughout the year, a total of 1,686 on-site diagnoses were conducted, with an annualimprovement completion rate reaching 93.53%. The company organized multiple TPM knowledgeand practical training sessions throughout the year, achieving a 100% employee participation rate.
CaseTotal Productive Maintenance (TPM) improvement practice
In 2024, Hubei Ronbay won the Excellent Quality Award presented byFarasis
Award
Product Recall MechanismTo ensure customer rights and interests, Ronbay Technology hasestablished a comprehensive three-level product recall system to fullyguarantee product quality. Once non-conforming products are found, thecompany will notify customers immediately and quickly initiate the recallprocess based on the urgency of the incident, to minimize customerlosses.
During the reporting period
no product recall events
took place
Quality Culture ConstructionRonbay Technology places great emphasis on the cultivation of corporate quality culture, and is committedto fostering a quality culture that involves all employees and resonates deeply with them. It has adopteda diversified training approach that combines online and offline methods to ensure that every employeeacquires comprehensive quality knowledge and practical skills.
From August 1 to August 12, 2024, RonbayTechnology’s South Korean subsidiary, JAESEEnergy, conducted quality enhancementtraining covering all employees. More than190 frontline employees actively participated,effectively helping them deepen theirprofessional knowledge and improve theirpractical skills
CaseQuality Enhancement Training
To enhance employees’ understanding ofthe IATF16949 quality management system,the subsidiary Xiantao Ronbay conductedIATF16949 training in 2024, with over 100participants. Through learning and discussion,participants gained a deeper understanding ofthe automotive quality management system,which will facilitate the daily operation andmanagement of the system.
CaseIATF16949 Quality Management System Training
Hazardous Substance ManagementTo meet international regulations and customer requirements, Ronbay Technology has formulated theAdministrative Regulations on Environmental Matters, which is based on the new EU Batteries Regulation,EU Packaging and Packaging Waste Directive, Directive on the Restriction of the Use of Certain HazardousSubstances in Electrical and Electronic Equipment, Regulation on the Registration, Evaluation, Authorisationand Restriction of Chemicals, Requirements for Prohibited Substances on Automobiles, and a series ofstandards for limiting the content of halogens (such as chlorine and bromine) in products. The regulationscomprehensively control raw materials, packaging materials, and products during procurement, production,storage, transportation, packaging, and delivery. By identifying and managing the risk of cross-contaminationof hazardous substances, the company eliminates the potential concentration and accumulation e?ects inthe manufacturing process, ensuring that products do not contain hazardous matters such as lead, mercury,nickel, hexavalent chromium, polybrominated biphenyls, and polybrominated diphenyl ethers.At the same time, Ronbay Technology’s production bases strictly follow the Requirements of HazardousMatter Process Management System (IECQ QC080000 HSPM), establishing a full-process hazardousmatters management from raw material procurement to product delivery. The company adheres to theprinciple of “not accepting, not manufacturing, and not leaking” hazardous matters, and is committed toproviding customers with green, environmentally friendly, and pollution-free products.For raw materials provided by suppliers, the company requires them to submit test reports that meet relevantstandards, or conduct self-inspection at the production base to ensure that the hazardous matter content ofthe raw materials meets the standards. Strict control is imposed on the admission of hazardous matters toensure the environmental friendliness and safety of the products.
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Customer Management and High-quality ServiceCustomer Service ManagementRonbay Technology adheres to the “customer-centered” service concept, continuously strengthening theconstruction of customer service systems in pre-sale, in-sale, and after-sale stages, and improving customerservice satisfaction and the e?ciency of responding to customer demands. The company has establishedsystems such as the Control Procedure for Customer Demands and Contract Review, Customer ServiceControl Procedure, and Customer Satisfaction Control Procedure, continuously standardizing managementprocesses and enhancing the e?ciency and satisfaction of responding to customer demands.The company has introduced a Customer Relationship Management (CRM) system to fully transfer domesticand international customer management to the online platform. This enables traceability of customerinformation, visualization of sample processes, and full-chain control of internal orders, optimizing customerexperience and enhancing management e?ciency.In 2024, the company deepened customer relationship maintenance and drove continuous improvementin customer satisfaction through diversied strategies such as o?cial website and WeChat o?cial accountpromotion, participation in exhibitions and forums, customized product development, priority productionarrangement, exible payment schemes, and one-on-one order tracking.
“Best Service Award”
by CATL-FAW
EVE Energy Co.,Ltd“Joint Innovation Award”
Customer Complaint Handling Mechanism
Ronbay Technology attaches great importance to the management of customer demands and has formulateddocuments such as the Customer Service Control Procedure and the Administrative Regulations onCustomer Satisfaction. At the same time, it has established a sound customer demand information feedbackchannel and processing procedure to ensure that customer needs and complaints can be timely, fully, andreasonably fed back and accepted. The company forms a closed-loop management of customer complaintservice through the collection and integration of customer complaint information, regular analysis andrectication, tracking and collaborative improvement.
External recognition (part of 2024)
Establish a customer complaint information statistics table, and the system willcollect, integrate, and summarize customer complaint information, ensuring thecompleteness and accuracy of the information.Regularly organize joint analysis of complaint information and data by multipledepartments including technology, production, quality, procurement, andmarketing, formulate targeted rectication measures, track the e?ectiveness ofrectication, and promote systematic improvement of customer complaints.For aspects of customer complaints that require external improvements, speciccollaborative improvement requirements should be proposed to raw materialsuppliers through the procurement side, and continuous tracking of customerusage e?ects should be conducted to ensure end-to-end closed-loop handlingof quality issues.
Informationcollection andintegrationRegularanalysis andrectication
Tracking and
collaborativeimprovement
Striving for Excellence, Facilitating the Process of Globalization
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2024 Environmental, Social and Governance ReportAs of 2024
Ronbay Technology’s handling rate of customer complaints has reached
% for three consecutive yearsCustomer Service Training
Customer Satisfaction
To build a more professional and e?cient customer service team, Ronbay Technology regularly organizesdiversified customer service training. The training covers areas such as business etiquette, salespersonmindset training, credit and payment management. Through these trainings, customer service personnel cansystematically learn and master professional service skills and communication skills, which helps the serviceteam steadily improve its special abilities and provide customers with a higher quality and more considerateservice experience.
Ronbay Technology conducts regular customer satisfaction surveys every year from perspectives suchas product percent of pass, timely delivery rate, and response to customer complaints. By quantitativelyanalyzing customer satisfaction data, the company accurately identies the deciencies in current servicesand products, and quickly organizes relevant departments to carry out targeted rectications, continuouslyimproving customer experience and service quality.
On January 12, 2024, Ronbay Technology held a marketing knowledge system training in Wuhan,which included customer manager role cognition training, knowledge training for various productlines, market analysis training, etc. A total of 64 members from the Ronbay Technology MarketingCenter participated in the training.This training not only improved the professional knowledge and skills of the employees, butalso enhanced team collaboration and problem-solving abilities, providing strong support forRonbay Technology to better meet customer needs and enhance customer satisfaction in marketcompetition.
CaseMarketing knowledge system training
Index202220232024
Customer satisfaction (%)96.196.897.5
To support the expansion of global business, the company actively builds a secure and agile cloudinfrastructure. By collaborating with international service providers such as Huawei Cloud and AmazonWeb Services (AWS), it has established cross-regional data interconnectivity. Currently, the company hascompleted the network transformation of its South Korean base, enabling data interconnectivity with theheadquarters.
Digital Management
Application of Digital SystemRonbay Technology has continuously strengthened its digitalization and informatization managementcapabilities, enhancing the construction of the quality management system (QMS), manufacturing executionsystem (MES), and laboratory information management system (LIMS). Digitalization empowers qualitymanagement, helping the company focus on quality control and compliance, optimize production processesand resource allocation, improve laboratory e?ciency and data management capabilities, and jointly promotethe improvement of production e?ciency and manufacturing quality. In 2024, the Management Transformationand Digitalization Center comprehensively controlled the digitalization construction. With the cooperationof various business sectors, it has completed the establishment and launch of more than 20 systems in theelds of nance, human resources, and compliance.
Ronbay Technology regards digitalization as the core driving force to support its globalization strategy andsustainable development. In 2024, Ronbay Technology continued to strengthen its digitalization constructionand established a new data intelligence department to support the company’s digitalization and intelligenttransformation. The deep application of AI technology is an important highlight of the company’s digitaltransformation. In 2024, Ronbay Technology developed an AI-based intelligent question-answering anddata analysis system to support market forecasting and decision-making related to site selection and factoryconstruction.
SPCImplement Statistical Process Control forProcess CTQs
Pass RateEnable customized dimensional pass ratestatistics and early warning.
Laboratory Management
Establish a complete end-to-end testingprocess and manage measurementelements.
Traceability ManagementEnable end-to-end traceability from rawmaterials to nished goods delivery.
Capacity Management
Enable early warning management forcapacity and demand alignment.
FIY
Implement process control toensure rst-pass yield.
5M1E Change PointManagementEnable process-based control ofMan, Machine, Material, Method,Environment, and Measurement.
Issue Management
Enable process-basedmanagement of all issues.
Nonconforming ProductManagementEnable systematic managementof nonconforming products.
Inspection Management
Enable system-based controlof initial, in-process, and nalinspections.
Items Completed by Ronbay in 2024
Supply chain quality digitalization is achieved through proactive risk management and real-timemonitoring of suppliers’ production processes. This enables the early detection of quality issueswithin the supply chain, prevents defective products from being released, and ultimately aims toreduce product failures and eliminate batch and safety-related incidents.
Promote the adoption
of digital productsacross upstream anddownstream partners.
Supply Chain Horizontal
Expansion
Monitor over 15,000process control points.Control Point
Establishment
Intercept quality risks and
CTQ-related issues.CTQ Risk Interception
Pre-alarm counts and
tiered real-time alertimplementation.
Real-Time Warning
Management
Low-carbon Environment, Practicing Green Coexistence
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Low-carbon Environment,Practicing GreenCoexistence
3.1. Environmental Management System60
3.2. Green Development, Addressing Climate Change61
3.3. Green Production, Safeguarding our Beautiful Homeland65
3.4. Biodiversity Conservation69
Cheapter contents
Optimization ofthe environmentalmanagement system
Establish a two-tier environmental management system, with allproduction bases passing ISO14001 environmental managementsystem certification, and investing31,370,300yuan inenvironmental protection in 2024Carbon management
and climate action
Promote carbon footprint accounting, establish carbon neutralitygoals, with a total greenhouse gas emissions of3,566,500
tons of carbon dioxide equivalent in 2024, aiming to achievecarbon neutrality across the entire value chain by 2035Green production andenergy management
Promoting energy-saving technological transformation, theannual energy saving exceeded
12.6
million kWh, HubeiRonbay’s photovoltaic power generation reached
3.09
million kWh, and several bases obtained ISO 50001 energymanagement system certicationWaste management
The amount of recycling and reusing water reached967,000tons, and the amount of waste recycled was9,535.24tons. The wastewater discharge per unit ofproduction decreased by25%year-on-yearPollution preventionand control
In 2024, it was awarded the title of “Waste-free Factory” byNingbo City, achieving the target of a year-on-year decrease inparticulate matter emissions per unit of production, and ensuringthat noise emissions from100%production bases meet thestandard all the timeBiodiversityconservation
The company has released the Biodiversity Conservation Policyand Procedures, and its production and operation have not hada signicant impact on biodiversity
Ningbo Ronbay New Energy Technology Co., Ltd.
Low-carbon Environment, Practicing Green Coexistence
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2024 Environmental, Social and Governance Report
Environmental Management System
Ronbay Technology adheres to the Law of the PRC on Environmental Protection and relevant laws andregulations. During the project construction phase, qualified units are engaged to conduct environmentalimpact assessments in accordance with the law, and obtain approval for the environmental impactassessment. During the construction process, the “three simultaneous” principles of environmental protectionare strictly adhered to. For completed projects, we have independently organized completion of environmentalprotection acceptance or are currently organizing acceptance for the supporting environmental protectionfacilities in accordance with relevant procedures and standards, and prepare acceptance reports.Ronbay Technology, in accordance with international standards such as ISO14001, has formulated policydocuments such as the Environmental Management Manual, Environmental Information Disclosure System,and Environmental Factor Identication, Evaluation, and Update Control Procedure. A two-tier environmentalmanagement system has been established, from the corporation level to the base level, with the corporationcoordinating the environmental management work carried out by subsidiary bases. During the reportingperiod, all production bases o?cially put into operation by Ronbay Technology have passed the ISO14001environmental management system certication.Meanwhile, all production bases are actively improving their environmental emergency response plans andregularly conducting environmental emergency management training and drills to maximize the preventionand minimize the potential adverse impacts of environmental accidents. In addition to continuously improvingthe environmental management system, we have also established a comprehensive environmentalmanagement process that covers environmental objectives, management plans, green production, wastedisposal, and environmental monitoring.
To enhance employee safety awareness, Linshansubsidiary conducted emergency drills for ammoniawaste liquid leakage in the hazardous wastewarehouse. Through full-process practical simulation,the operability of the emergency plan was e?ectivelytested, and the team’s collaborative disposal abilitywas improved.
CaseEmergency drills for ammonia waste liquid leakage in hazardous waste warehouse
In 2024
Ronbay Technology invested31,370,300 yuan in environmental protection
In the face of the increasingly prominent impacts and challenges posed by climate risks to businesses,Ronbay Technology follows the framework recommendations of the Task Force on Climate-Related FinancialDisclosure (TCFD), integrating four dimensions: governance, strategies, risk management, and indicatorsand goals. By assessing climate risks and opportunities, as well as the nancial performance impacts of risks,the company continuously enhances its ability to respond to climate risks and identies key action strategiesfor climate action.Ronbay Technology regards the work to address climate change as an important part of promoting thecompany’s ecological development, continuously optimizing the company’s organizational structure toaddress climate change, and systematically carrying out climate change governance work. The EnvironmentalSafety and Sustainable Development Committee is responsible for leading and supervising the formulationof climate and ESG strategies and goals. The Committee has an ESG Working Group that is responsible forplanning and implementing ESG strategies, including climate risk assessment and carbon neutrality actions.
Green Development, Addressing ClimateChangeClimate Change and Carbon Management
Governance
Strategies
In carbon management work, we comply with relevant current nationaland local laws and regulations, as well as the EU Battery Law andits supporting regulations, international standards related to carbonemissions, and other relevant requirements.We will integrate energy conservation and control of greenhouse gasemissions throughout the entire product lifecycle, striving to achieveoptimal resource utilization and minimize consumption.By utilizing environmentally friendly materials, green technologies, andclean energy, we aim to reduce carbon emissions and ecological impactsduring product manufacturing and operational processes, therebypromoting sustainable development.Through regular monitoring and review, improvement measures are takento achieve continuous improvement in carbon emission performanceand carbon management systems, positioning the company’s carbonmanagement at the forefront of the industry.
Abiding by lawsand adhering tostandards
Energyconservation andconsumptionreduction
Green andlow-carbondevelopment
Continuousimprovement
Low-carbon Environment, Practicing Green Coexistence
6263
2024 Environmental, Social and Governance Report
To ensure that the carbon management system achieves the expected results and enhances its benecialimpacts, the top management identifies, determines, and evaluates the carbon management risks andopportunities existing in the company based on the analysis of the company’s internal and externalenvironment, the needs and expectations of relevant parties, and the defined scope of the managementsystem. The Quality, Environmental Safety, and Sustainable Development Center is responsible for planningmeasures to address these risks and opportunities, as well as planning how to integrate these measuresinto the carbon management system and implement them, and how to evaluate the effectiveness of theimplemented measures. To ensure the implementation of measures to address risks and opportunities incarbon management, the Quality, Environmental Safety, and Sustainable Development Center is responsiblefor establishing and maintaining the Risk and Opportunity Response Control Procedure. All departments andsubsidiaries will implement, evaluate, and respond in accordance with the Risk and Opportunity ResponseControl Procedure.
Risk Management
As a pioneer in the global new energymaterials industry, Ronbay Technologycontinues to advance its climate-related strategic planning and targetsetting. Based on accurate accountingof greenhouse gas emissions at theorganizational level and in alignmentwith our operational realities, we haveestablished carbon management goalsfor the company. While promoting theGroup’s ecological development, weare also actively contributing to globalclimate action and supporting China’sdual carbon goals.
Carbon Emission Management
Ronbay Technology carbon management goals
Category of riskPossible impacts on the companyCountermeasures
Physical risks
Acute risks
The frequency of extreme weatherevents such as rainstorms, oods, andtyphoons has increased, damaginginfrastructure such as production basesand o?ce buildings, as well as productionequipment, leading to asset damageand potentially causing operationaldisruptions and loss of prots.
During the site selection and constructionstages of the project, climate factorsshould be taken into account, and low-carbon building materials and low-carbongreen construction techniques should beemployed.Establish a climate risk emergency responseplan, track meteorological conditions andearly warnings for emergency response,issue early warning notications in advance,and implement relevant preventivemeasures.Chronic
risks
Rising temperatures or droughts mayincrease the company’s expenses onrefrigeration equipment, electricity, andwater resource usage, thereby increasingoperating costs.
Establish a digital, visualized, and intelligentenergy management monitoring andmanagement system, and conduct real-time monitoring of energy, digital energyconservation, and digital carbon assetmanagement platforms.Strengthen the construction of distributedphotovoltaic systems on rooftops andincrease the proportion of clean energy use.
Transition risks
Policy risks
Government regulatory requirements areconstantly evolving, and failure to complywith exchange information disclosurerequirements may lead to compliancerisks.
Actively monitor and follow up on changes inrelevant international and local governmentlaws, regulations, and policies, and promptlyadjust operational strategies to ensurecompliance.Disclose the company’s climate-relatedinformation in a timely manner, including keyinitiatives, performance, risk assessmentresults, and other crucial information.
Technicalrisks
Technologies such as green production,green packaging, green warehousing,and transportation may a?ect thecompany’s competitiveness andproduction costs. As stakeholders paymore attention to the carbon footprint ofproducts, the company need to identifyadvanced low-carbon technologies toreduce carbon emissions throughout theproduct’s lifecycle, which may lead toincreased costs in the short term.
Regularly assess and evaluate suppliers’carbon management and material carbonfootprint data, and continuously promotecommunication and collaboration withsupply chain partnersIntegrate the concept of green developmentinto all aspects of product research anddevelopment and production, and reduceunnecessary emissions and waste duringoperations.
Category of riskPossible impacts on the companyCountermeasures
Transformationrisks
Marketrisks
The increasing awareness of downstreamconsumer groups towards greenproducts introduces uncertainty into thecompany’s business. If the companyfails to e?ectively meet their demand forgreen and low-carbon products, it mayface the risk of losing market share.
Strengthen market research, timelyunderstand consumer preferences anddemands, and actively develop green andlow-carbon products based on trends.
Reputationrisks
Stakeholders are paying increasingattention to corporate green practices,and the company are held to higherexpectations in terms of greencompliance operations and informationdisclosure. Failure to meet theseexpectations may have a negative impacton the company’s image.
Strengthen communication withstakeholders, respond to the requests ofall parties in a timely manner, and maintaininformation transparency.
Key PerformanceIn 2024, theorganizational carbonemission intensitydecreased by
8.2%
compared to 2023
●with all production bases (including overseas) passingISO 14064 system certication, achieving full coverage ofcarbon accounting for production bases for the rst time
●documents such as the Carbon Management Manual andOrganizational Carbon Footprint Accounting OperationStandards were successively formulated and released
●establishing a “corporation-base” two-level carbonmanagement platform, and continuously improving theconstruction of the internal carbon management system
●By 2025, the proportion of renewable energy will reach60%
●By 2030, the proportion of renewable energy will reach100%,achieving carbon neutrality at the operational level
●Continuously promote carbon reduction in the supply chain, andstrive to achieve carbon neutrality across the entire value chain by2035
Low-carbon Environment, Practicing Green Coexistence
6465
2024 Environmental, Social and Governance Report
Based on operational carbon reduction, the company extends low-carbon management deeply into the entireproduct lifecycle, systematically constructing a product carbon footprint management system. In 2024, thecompany added institutional documents such as the Product Carbon Footprint Management Procedure andProduct Carbon Footprint Operation Specication, forming a governance model covering strategic planning,standard construction, and execution supervision. Following the first carbon footprint accounting work forits major products in 2023, the company completed carbon footprint calculations for 21 products across 5production bases in 2024 (10 of which were veried by a third party). Meanwhile, in terms of LCA application,the company conducted full lifecycle assessments for 4 products at 2 bases for the rst time and invited athird party to conduct LCA modeling and data verication. By accurately quantifying the climate impact ofproduct manufacturing and upstream links, the company provides data support for supply chain emissionreduction. While continuously promoting team carbon management capacity building, it actively collaborateswith upstream suppliers to jointly promote product carbon reduction, create a green product matrix, andcontinuously strengthen the core competitiveness of the low-carbon value chain.
Product Carbon Footprint and LCA
In 2024, Ronbay Technology made breakthroughprogress in reducing the carbon footprint of itsproducts. The carbon footprint of the GABI-certified NCM8 cathode product was 24.41kgCO
eq, which is lower than the domesticindustry average of 27.79 kgCO
eq, becominga benchmark case for the industry’s transition tolow-carbon products.
CaseBreakthrough in carbon footprint of NCMS series products
Ronbay Technology adheres to the Energy Conservation Law of the People’s Republic of China, theMeasures for the Administration of Industrial Energy Conservation, the Measures for the Administrationof Energy Conservation of Major Energy-Consuming Entities, and other relevant laws, regulations, andmanagement measures. Each production base has established energy management systems such as theEnergy Consumption Quota Regulations to further improve the energy management system. At the sametime, the company integrates energy management into its sustainable development strategy and incorporatesenergy consumption reduction goals into its performance evaluation and rating system. By the end of thereporting period, Guizhou Ronbay, Hubei Ronbay, and Wuhan Ronbay had obtained ISO 50001:2018 energymanagement system certification. Additionally, the company is actively promoting energy managementsystem certication for other production bases.
Green Production, Safeguarding ourBeautiful HomelandEnergy Management
12.3%
lower than thedomestic industry average
On the basis of energy conservation and consumption reduction, Ronbay Technology continues to promotethe transition to clean energy and incorporates the proportion of clean energy into the company’s responseto climate change, actively promoting low-carbon production. The company increases the proportion of cleanenergy in the energy mix through the construction of distributed photovoltaic roofs, the purchase of greenpower certificates and other forms. In 2024, Hubei Ronbay increased clean energy consumption by 3.09million kWh through photovoltaic construction in the factory area.
Energy-saving technical transformation measuresAnnual energy savings
During the ramp-up period of workshop production capacity, flexibleswitching between leased and self-purchased air compressors is utilizedfor precise peak shaving and supply guarantee
1.6
million kWhThree small-power air compressors in the air compression station areconnected to the air separation system, replacing the large air compressor
10.6
million kWhInstall permanent magnet motor
Increase clean energy by100,000 kWhCollecting waste heat from circulating water for heating purposes canreduce energy consumption, save costs, and e?ectively recover 516.41 GJof thermal energy.
The e?ective heat recovery is
516.41
GJ.
Award
2024 Ronbay Technology Energy-saving technical renovation project (Part)
Index2022202320241
Scope 1 (tons of CO
equivalent)3,628.027,194.069,501.25Scope 2 (tons of CO
equivalent)319,310.58516,925.13516,152.00Scope 3 (tons of CO
equivalent)1,828,698.032,455,915.943,040,819.87Total greenhouse gas emissions(tons of CO
equivalent)
2,151,636,622,980,035.133,566,473.11Greenhouse gas emission intensity(tons of CO
equivalent / ton of products)
23.7422.5320.69
2022: only the verication data of Ezhou and Zunyi bases was counted; all bases were covered in 2023 and 2024.
Hubei Ronbay and Guizhou Ronbay were certified by the Ministry of Industry and InformationTechnology of the People’s Republic of China and selected as a National Green Factory.Guizhou Ronbay has been awarded the “Provincial Green Supply Chain Title”In 2024,
Low-carbon Environment, Practicing Green Coexistence
6667
2024 Environmental, Social and Governance Report
In 2024
Ronbay Technology continues to promote resource management, focusing on the recycling and utilizationof water resources and packaging materials. Through technological innovation and process optimization, itcontinuously reduces water consumption in the production process, and promotes the use of environmentallyfriendly and recyclable materials in packaging management to reduce unnecessary packaging waste. Itpractices sustainable development and ecological concepts through practical actions.
Resource Management
Ronbay Technology attaches great importance to water resourcemanagement and strictly complies with relevant laws and regulationssuch as the Water Law of the People’s Republic of China, the Lawof the PRC on the Prevention and Control of Water, and the ActionPlan for Prevention and Control of Water Pollution. It has formulatedmanagement systems such as the Water Use ManagementMeasures, the Administrative Regulations on WastewaterTreatment, and the Administrative Regulations on WastewaterDischarge to monitor and manage the main water-using links in
Water Resource Management
ObjectiveAction in 2024
the company achievedrecycling and reusing water of
966,990 tonsthe production process. At the same time, Ronbay Technology actively builds and continuously optimizesthe water resource management structure of each production base, incorporates the e?ectiveness of waterresource management into the departmental performance evaluation system, and strengthens responsibilityimplementation through data-driven methods to promote efficient resource utilization. The company hasalways prioritized water conservation in its production and operation processes, actively implementing variouswater-saving measures at its production bases to enhance the e?ciency of water utilization and recycling.
To enhance water resource utilization, the Centerbel base has developed an integratedultraltration and reverse osmosis system. This system transports pre-treated concentrated waterto the system, enabling physical separation of molecular and organic substances in the water.Ultimately, it produces recycled water that meets industrial recycling standards, providing greentechnological support for the production base to achieve intensive utilization of water resources.
CaseWater resource recycling system at the Centerbel base
During the reporting period
The company strictly adheres to laws and regulations such as the Law of the PRC on the Prevention andControl of Environmental Pollution by Solid Waste and the Measures for the Transfer of Hazardous Wastes.It has introduced the Waste Management Procedure to implement classified management of waste andconduct compliant disposal based on the types of solid waste and hazardous waste actually generated.Additionally, the company advocates the adoption of advanced processes and production equipment toreduce waste generation and lower production pollution.
Waste Management
Objective
●Reduce the emission of hazardouswaste by10% year-on-year
●The company’s hazardous waste emissionsdecreased by
14.1%
year-on-yearAction in 2024
all pollutants discharged by eachpollutant discharging unit were stableand up to standard, and no ecologicalenvironment administrative penaltieswere imposed
During the reporting period
the number of recycledpallets exceeded
100,000
Ronbay Technology actively explores lightweight managementand recycling of packaging materials, giving priority to packagingdesigns that are easy to disassemble and recyclable, and selectsrecyclable and degradable packaging materials to reduce the useof various packaging materials. At the same time, the companyactively promotes the recycling and reusing of packaging materialsat its production bases.
Management of Packaging Materials
The company adheres to the Law of the PRC onEnvironmental Protection, the Law of the PRC onthe Prevention and Control of Water, the Law of thePRC on the Prevention and Control of Air Pollution,the Law of the PRC on the Prevention and Control ofEnvironmental Pollution by Solid Waste, as well as thelaws and regulations of the regions where it operates. Itcontinuously strengthens its investment in environmentalprotection, regularly maintains and repairs environmentalprotection facilities to reduce emissions pollution causedby malfunctions, actively carries out environmentalpollution control and emission management, andstandardizes environmental protection work forwastewater, waste gas, and waste.
Emissions and Waste Management
IndexUnit202220232024Total amount ofwater withdrawal
ten thousand tons
155.87145.99117.60
Water withdrawalintensity
tons/ton of product
13.6110.986.82
IndexUnit202220232024
Waste recovery
amount
tons
8,419.53 8,016.86 9,535.24
The data covers Wuhan, Xiantao, and Linshan bases
●
Reduce water withdrawal intensity by
30% year-on-year
●Water withdrawal intensity decreased by
37.9%
year-on-year
Low-carbon Environment, Practicing Green Coexistence
6869
2024 Environmental, Social and Governance Report
The company strictly adheres to the Law of the PRC on the Prevention and Control of Water and otherrelevant laws and regulations, following the principles of “rain and sewage diversion, clean water andsewage diversion, source separation and classication & treatment”. At the subsidiary level, managementprocedures such as the Management Procedure of Water Pollution Control and the Management Procedureof Environmental Protection Facilities have been established, clearly regulating the generation and controlof wastewater in the production processes of each factory area. The company’s wastewater mainly consistsof domestic sewage and production wastewater, both of which undergo preliminary treatment to meet theacceptance standards before being connected to the pipe network for unied treatment and discharge aftermeeting the standards. Additionally, the company recycles and reuses wastewater through the construction ofwastewater treatment stations and ammonia distillation towers, further reducing the discharge of pollutants.In 2024, Ningbo Ronbay, Hubei Ronbay, Guizhou Ronbay, and Xiantao Ronbay installed online monitoringdevices for production wastewater in accordance with relevant management regulations. The monitoringresults were connected in real-time with the local government’s pollutant monitoring information platform.At the same time, each subsidiary regularly entrusted qualied third-party monitoring institutions to conductself-monitoring on a regular basis to ensure that the wastewater discharge meets the Emission Standards ofPollutants for Inorganic Chemical Industry.
Wastewater Management
There were gaps in the original rainwater ditch cover plate at the Linshan base, which posed apotential leakage and pollution hazard at the unloading port for nickel, cobalt, and manganeseliquid raw materials. In 2024, the Linshan base implemented a special renovation project. Bycovering the rainwater cover plate with cement and replacing it with a solid rainwater cover plate,the environmental risk of rainwater pollution caused by material leakage during the unloadingprocess was e?ectively reduced.
CaseRainwater system renovation of Linshan base
In 2024
Ronbay Technology adheres to the Law of the PRC on the Prevention and Control of Air Pollution andother relevant laws and regulations. It has established systems such as the Administrative Regulations onAir Pollution Control and the Waste Gas Treatment Management System at its various production basesto strictly manage waste gases. For substances such as dust, sulfuric acid mist, ammonia, and hydrogenchloride generated during the production process, the company utilizes waste gas treatment facilitiesincluding high-temperature low-carbon burners, bag lters, spray towers, and activated carbon adsorptiondevices to ensure emissions meet standards. Additionally, each subsidiary regularly commissions qualiedthird-party monitoring agencies to conduct organized and unorganized waste gas monitoring, ensuring thatwaste gas emissions comply with standards such as the Emission Standards of Pollutants for InorganicChemical Industry and the Integrated Emission Standard of Air Pollutants.
Management of Air Pollutant
Ronbay Technology is committed to minimizing the impact of noise on its sta?. In accordance with the Lawof the People’s Republic of China on Noise Pollution Prevention and Control, each production base hasestablished a Noise Management System and actively carried out noise reduction work to ensure that thenoise generated during production and operation activities remains within legal standards. The companygives priority to the use of low-noise equipment, conducts regular noise monitoring and assessment, andensures e?ective control of noise pollution.
The company has been continuously paying attention to the biological conservation cause, following relevantlaws and regulations such as the Soil Pollution Prevention and Control Law of the People’s Republic ofChina, Regulations on Nature Reserves, and Biosecurity Law, and regularly carrying out environmentalimpact assessments. The company has released the Biodiversity Conservation Policy and Procedures, andsimultaneously established supporting tools such as the Biodiversity Assessment Form, building an ecologicalprotection system covering the entire process. During the planning and site selection stage, the impact ofbase construction on local biodiversity is scientically assessed, and during the construction and operationstage, the level of biodiversity within the factory area is continuously improved, committed to reducing thenegative impact of company activities on the natural environment. During the reporting period, all productionbases and operation points of the company were not located in nature reserves or other biodiversity-richareas, and the company’s operational activities, product production, and transportation did not have asignicant negative impact on biodiversity.
Noise Management
In 2024
●The company achieved the air pollutant emission target of a year-on-year decrease in particulatematter emissions per unit of production
By 2024
●
Ronbay Technology aims to achieve a100%compliance rate for noise emissions at allproduction bases.
Biodiversity Conservation
Award
In 2024,the company was awarded the title of “Waste-free Factory”by the Ningbo Municipal Bureau of Ecology and Environment
●
Ronbay Technology set and achieved a wastewater discharge target of reducing wastewater dischargeper unit of production by20%.
Win-win Value, Driving Industry Development
7071
2024 Environmental, Social and Governance Report
Win-win Value, DrivingIndustry Development
4.1. Progress and prosperity together, building a responsible supply chain72
4.2. Exchange and Cooperation, Empowering Industry Development77
Cheapter contents
Responsible supplychain management
Optimize the supplier access assessment mechanism, ensuringthat the assessment proportion of active suppliers reaches
100% by 2024Integrating ESG into the supplier evaluation system, thecompletion rate of suppliers’ carbon footprint has increasedto
66.67%
, and
supplier trainings were conductedthroughout the yearResponsibleprocurement
Promote responsible mineral procurement, ensure that 2/3of suppliers have passed the conflict mineral managementsystem certication, and achieve a100%completion rate oftraceability tasks for core suppliers by 2024Commondevelopment of theindustry
Awarded the title of “Top 20 Enterprises with OutstandingContributions to the Industry” by the China Automotive PowerBattery Industry Innovation Alliance, and featured at the 2024Gaogong Lithium Battery Annual Conference to discuss globaldevelopment
Ningbo Ronbay New Energy Technology Co., Ltd.
Win-win Value, Driving Industry Development
7273
2024 Environmental, Social and Governance Report
Progress and prosperity together, buildinga responsible supply chainRonbay Technology deeply implements the new integration supply chain strategy and actively builds aresponsible supply chain. The company takes cathode material as its core business, relying on the triple driveof capital, technology, and strategic cooperation. It works closely with partners to actively extend upwards,promoting the integrated industrial chain layout of “resource/recycling - raw material - precursor - cathodematerial”, achieving at and e?cient collaboration in supply chain management, creating a mutually benecialand win-win global supply chain system, and e?ectively enhancing global market competitiveness.Responsible Supply Chain Management
As an important partner of the enterprise, the stability and quality of the products supplied by the supplierdirectly a?ect the production and product quality of the enterprise. The company has formulated the SupplierManagement Procedure and the Code of Conduct for Suppliers, which standardize and refine multipledimensions such as supplier access, evaluation, performance assessment, and empowerment, laying aninstitutional foundation for the company’s systematic supply chain management.
Supply chain management architecture
Director of RonbayBusiness Platform
Ronbay SupplierManagement Cross-departmentalFunctional Group
SupplierManagement
Execution Expert
Team
The top decision-maker in the company’s supply chain management isresponsible for approving supplier management systems and policies, andauthorizing cross-functional teams responsible for supplier management, andoverseeing the regular operations of supplier onboarding and management.
Develop supplier management systems and policies, review and approvesupplier evaluation results, formulate and adopt strategic guidelines, andsupervise the implementation of procurement objectives
Responsible for supplier development, on-site inspection, system audit,supplier introduction review and approval, regular supplier assessment andcoaching
Supplier Access
Ronbay Technology attaches great importance to supplier access management, strictly implementing thesupplier access assessment and review mechanism to ensure that partners have stable supply capabilities,excellent quality management systems, and sustainable development capabilities. During the reportingperiod, the company incorporated ESG into the comprehensive assessment factors for supplier access, andsuppliers were categorized into three types based on the access assessment results: rejected, approvedafter rectication, and approved. The company plans to formulate and implement the Supplier SustainableDevelopment Agreement in 2025, which will be legally binding on suppliers.Key Supplier Access Process in 2024
Evaluate the nancial status of the enterprise, product carbon footprint, quality,service, delivery time, price, industry reputation, credit status, companyqualications (production license, duplicate business license, relevant systemcertications), etc., and invite suppliers to sign the Integrity Commitment Letterand Ronbay Code of Conduct for Suppliers.Comprehensively analyze factors such as the proportion of automotivebusiness volume, financial stability, complexity of purchased products andservices, business continuity planning, logistics management, productioncapacity, supplier credit risk, supply chain sustainability, product testingresults, technical adaptability, carbon footprint compliance, and adequacy ofresources.Assess suppliers’ quality management, technical capabilities, ESG, andother multidimensional capabilities through on-site, online audits, or self-assessment.
Purchase products from suppliers in small batches for production line testingand performance evaluation to verify product quality and applicability.
The cross-departmental team conducts a multi-dimensional evaluationof suppliers to confirm whether they meet the requirements of RonbayTechnology and are included in the list of qualied suppliers.Implement the Production Part Approval Process (PPAP) for suppliers toensure product consistency and quality stability during the mass productionphase.
Supplier sourcinginvestigation
Supplierinformation review
Potentialsupplier audit
Material trial
Qualiedsupplier review
Supplier PPAP
Win-win Value, Driving Industry Development
7475
2024 Environmental, Social and Governance ReportSupplier EvaluationRonbay Technology has established a supplier rating system, formulatedthe Ronbay Due Diligence Management Policy for a Responsible GlobalSupply Chain, and regularly conducts performance evaluations forsuppliers. At the same time, the company has claried the classication ofsupplier evaluation results (from high to low, divided into four levels: A, B,C, and D), and dened the management principles for suppliers at eachlevel. For qualied and excellent suppliers, the company will include themin the list of qualified suppliers and provide business support, resourcesharing, and other incentives. For suppliers that fail to meet standards, thecompany will take communication and coaching measures, and organizethird-party training to help them rectify non-conformities. If there is nosubstantial progress in rectication, the company will initiate an internalsupplier downgrade review and suspend cooperation with those withserious violations, to ensure that the products and services provided bycooperative suppliers comply with company regulations.RatingMonthly performanceEvaluation and measuresA≥90Increase the order quantityB80-89Maintain the status quo and strive for continuous improvementC70-79
Assist suppliers in improving; if a qualied supplier maintains a Crating for three consecutive months, adjust the procurement quantityD60-69
Assist suppliers in improvement; if a qualied supplier is rated D fortwo consecutive months, the supplier’s rating will be subject to ratingadjustments in accordance with relevant requirementsE＜60Adjust the level according to the supplier downgrade rulesSupplier ESG ManagementRonbay Technology is committed to collaborating with suppliers to build a sustainable supply chain. Thecompany incorporates ESG concepts into the supplier selection and evaluation system, formulates the SupplyChain ESG Due Diligence Regulations, establishes a responsible procurement due diligence managementorganizational structure, and is responsible for inspecting and supervising the progress of supply chain duediligence work. The company requires suppliers to fill out the Ronbay Supplier Sustainability Audit Form,which audits and evaluates suppliers in multiple dimensions such as human rights, environment, safety,ethics, greenhouse gas management, and biodiversity, allowing the company to gain a deeper understandingof the actual ESG performance of suppliers and urge them to improve their ESG performance. Meanwhile,during the reporting period, Ronbay Technology continues to strengthen the relevant requirements for carbonmanagement in the supply chain.
the company completed100%of the annualactive supplier
evaluationratio
During the reporting period
Key Performance
In 2024, the number of active supplierswith completed carbon footprint reductiontargets increased from less than30%to
66.67%
In 2024, the company conducted a total of
supplier trainings for 77 suppliers
100%coverage of ESG assessment foractive and qualied main material suppliers
the company invited third-partyorganizations to conduct energy-saving andemission-reduction training for more than
key suppliers
In January 2025, Ronbay Technologywill hold a supplier strategic exchangemeeting at Yangming Mountain Villain Yuyao, Zhejiang, bringing togethercore suppliers, corporation executives,and related business teams. Theevent aims to strengthen cooperationconsensus, convey the company’srequirements in quality improvement,cost control, ESG management,and supply efficiency optimization,promote the implementation of theintegration strategy, jointly respond tomarket changes, and achieve win-windevelopment.
CaseRonbay Technology Supplier Strategy Exchange Meeting
Suppliers with business volume in the top 80%
Win-win Value, Driving Industry Development
7677
2024 Environmental, Social and Governance Report
Responsible ProcurementResponsible Minerals
Raw Material Traceability
Green Procurement
In the practice of global supply chain management, Ronbay Technology fully identifies the potential riskexposures of strategic minerals such as cobalt, nickel, manganese, and lithium in the exploration anddevelopment, trade circulation, and processing links. The company referred to the core requirements of theChinese Due Diligence Guidelines for Responsible Mineral Supply Chains issued by the China Chamberof Commerce of Metals, Minerals & Chemicals Importers & Exporters, and the Due Diligence Guidance forResponsible Supply Chains of Minerals from Conict-A?ected and High-Risk Areas (Third Edition) issued bythe Organization for Economic Cooperation and Development (OECD), and formulated the Due DiligenceManagement Policy for Cobalt, Nickel, Manganese, and Lithium Supply Chains. It also embedded contractconstraints into supplier contract terms to establish an evaluation framework for the entire process of mineralprocurement.Ronbay Technology actively promotes upstream suppliers to conduct conflict mineral certification andmanagement system construction. As of 2024, several new suppliers have obtained conflict mineralmanagement system certication, and the proportion of suppliers with relevant management capabilities hasincreased to about two-thirds. The company focuses on the conict mineral traceability and certication workfor ternary cathode and upstream precursor supply chains, and promotes supplier certification to ensureprocurement compliance and sustainability.Ronbay solemnly promises not to engage in any commercial activities that may indirectly contribute to theproliferation of conict minerals. Furthermore, we will continuously enhance the risk prevention and controlawareness of our industrial chain partners through supplier capacity-building projects, and jointly build asustainable mineral supply chain that adheres to international business ethics.
The company actively responds to the new requirements for global supply chain compliance management.During the reporting period, the company received formal compliance traceability requests from six coresuppliers. For the 14 specific traceability tasks mentioned by the suppliers, the company achieved acompletion rate of 100%. At the same time, to enhance the transparency and traceability of the supply chain,the company initiated the construction project of a digital supply chain traceability platform at the end of 2024.The aim is to use the company’s own digital capabilities to build a full-process digital traceability system,which is expected to be deployed and put into operation in the fourth quarter of 2025.
In 2024, the company actively promoted green procurement and the low-carbon upgrading of main rawmaterials. The procurement proportion of recycled raw materials for nickel, manganese, and cobalt, threecore metals, increased to 20%, 29%, and 30% respectively, providing resource support for reducing thecarbon footprint throughout the entire life cycle of battery materials.
Exchange and Cooperation, EmpoweringIndustry Development
Ronbay Technology has always been committed to promoting the sustainable development of the industry,with technological innovation and green low-carbon as the core driving forces, continuously enhancingits industry influence. With its outstanding technical strength and sustainable development practices, thecompany was awarded the “Top 20 Enterprises with Outstanding Industry Contributions” in the selectionof the China Automotive Power Battery Industry Innovation Alliance, demonstrating the industry’s highrecognition of the company in technological innovation, green low-carbon, and sustainable development.Award
Ronbay Technology was selected as one of the “Top 20 Enterprises with Outstanding IndustryContributions” by the China Automotive Power Battery Industry Innovation Alliance.
From November 20 to 22, 2024, the 2024Gaogong Lithium Battery Annual Conference,themed “Realigning Boundaries, ReconstructingValue, Reshaping Ecology,” was grandly heldin Shenzhen. The event gathered top industryexperts and corporate leaders to jointly discussthe future development of the lithium batteryindustry. On November 20, Mr. Bai Houshan,Chairman of Ronbay Technology, was invited
CaseRonbay Technology made its debut at the 2024 Gaogong Lithium Battery Annual
Conference, jointly exploring new opportunities for global development
to deliver a keynote speech at the opening ceremony titled “Current Situation and GlobalizationStrategy,” deeply analyzing the current state of the industry and global development opportunities,and showcasing Ronbay Technology’s strategic layout and forward-looking thinking in the globalnew energy market.
People-oriented, Achieving Happiness Sharing
7879
2024 Environmental, Social and Governance Report
People-oriented, AchievingHappiness Sharing
5.1. Diversity and Equality, Safeguarding Employees’ Rights and Benets80
5.2. Empower Development, Facilitating Employee Growth83
5.3. Care for Employees, Conveying their Well-being87
5.4. Occupational Health and Safety90
Cheapter contents
Ronbay Technology is people-oriented and values talents. It strictly adheres to domestic and internationallabor rights regulations, ensuring that labor contracts are fully signed and social insurance covers allemployees, establishing a solid compliance baseline. At the same time, with the Academy of Ronbay as thecore, it builds a digital learning platform, creating diversied projects such as cadre training and professionalability training, closely integrating employee personal growth with company development, and achieving unitybetween individual and company development.In 2024, the company achieved a strategic upgrade of its organizational structure, established an additionalorganizational department to strengthen cadre reserves, implemented a three-pillar human resourcesystem, carried out global human resource layout, focused on breakthroughs in overseas human resourcedevelopment, achieved traceability of employee rights and interests protection and visualization of careerdevelopment, and continuously provided sustainable talent supply for the company’s globalization strategy.
Employee rights and
benets protection
The signing rate of labor contracts is100%, and the coveragerate of social insurance is100%
Diversity and equality
The proportion of female employees is23%, femalemanagers account for16%, ethnic minority employees makeup
3.91%
, disabled employees represent
0.9%
, andforeign employees constitute10%Compensation andbenets
Full coverage of “five social insurances and housing fund”,transparent performance management, and equity incentive plan
Sta? communicationand involvement
Employee satisfaction is
4.17/5
, and the problem resolutionrate based on employee feedback is100%Talent training anddevelopment
The total training duration for the entire year was26,990
hours, with an average of
20.29
training hours per employee,covering
types of training coursesOccupational health
and safety
Investment in production safety of14,214,800yuan, with
no major safety accidents
Ningbo Ronbay New Energy Technology Co., Ltd.
People-oriented, Achieving Happiness Sharing
8081
2024 Environmental, Social and Governance Report
Diversity and Equality, SafeguardingEmployees’ Rights and Benets
Ronbay Technology strictly abides by the Labor Law of the PRC andrelevant labor regulations of the operation location, and actively aligns withinternational norms and requirements such as the Universal Declarationof Human Rights and the International Labor Organization Convention.The company has formulated internal documents such as the EmployeeHandbook, Recruitment Regulations, and Attendance and LeaveManagement System, strictly regulating employee employment, salary andpromotion, working hours and holidays, and safeguarding the legitimaterights and interests of employees.The company adheres to lawful employment practices, explicitly prohibitingthe employment of child labor and forced labor, and forbidding compulsorylabor. During the recruitment process, the company strictly complieswith relevant laws and internal policies of the country or region whereit operates, establishes open and transparent recruitment channels,covering public websites and local employment websites, to ensurefairness and transparency in the recruitment process. At the same time,the company legally signs labor contracts with employees, and ensuresthat the employment conditions in the contracts are clearly expressed ina language that employees can understand. It adheres to the principleof equal employment and recruit, and conducts employee recruitment,promotion, and remuneration management without discrimination.
Foster an Equal WorkplaceRonbay Technology actively practices the concept of workplace diversity, equality, and inclusivity, creatinga fair and just development platform for employees of di?erent backgrounds. The company provides equalopportunities for employees in areas such as recruitment, compensation, welfare, and promotions, strictlyprohibiting discrimination based on factors such as nationality, race, ethnic group, gender, age, marital andfamily status, health status, and religion, to ensure that employees are not subject to di?erential treatment.During the reporting period, there were no discrimination incidents violating the above requirements.Ronbay Technology strictly implements a fair and just salary system, adheres to the principles of “equal payfor equal work” and “pay according to work”, builds a transparent salary system, and provides di?erentiatedsubsidies for overseas employees according to the market level of the country where they are stationed.In addition, the company adheres to the principle of avoiding conflicts of interest involving relatives.Interviewers who have a familial relationship with the applicants should adhere to this principle and refrainfrom participating in the interview process.Total number of employees4,471 persons
Employee Compensation and Welfare
Sta? Communication and Involvement
To adapt to the company’s strategic development requirements and establish a compensation and welfaresystem that takes into account global di?erences and local compliance, the company further improved itsincentive and welfare system. During the reporting period, new policies such as the Employee Rewards andPunishment System, Employee Resignation Management System, and Attendance and Leave ManagementSystem were added. The company regularly conducts industry salary surveys, upgrades the salarycalculation process, dynamically optimizes the salary structure, and ensures the competitiveness of salariesfor core positions.During the reporting period, Ronbay Technology continued to improve the Compensation ManagementRegulations and Year-end Bonus Management Regulations, ensuring a fair compensation structure whilecontinuously optimizing the company’s welfare system. In addition to statutory benets, it comprehensivelycovers health security welfare, living security welfare, incentive welfare, festival and cultural constructionwelfare, etc. for employees at home and abroad.
Ronbay Technology guarantees the freedom of association and the legitimate rights and interests of itsemployees, and continues to build a diverse employee communication platform through dual efforts insystem optimization and communication channel construction, ensuring smooth communication channels foremployees. During the reporting period, the company established a regular dialogue mechanism, listening toand responding to employee feedback and suggestions through both online and o?ine channels, coveringall employees, ensuring that grassroots voices reach the management level, and e?ectively safeguardingemployees’ rights to know, participate, and supervise. Through the construction of digital feedbackchannels, the company conducts classied management of employee feedback based on output photos andconversation records, achieving a response within 24 hours and a 100% problem resolution rate. In addition,during the reporting period, the company properly handled 71 cases of employee negotiation for terminationand 6 cases of labor arbitration, achieving a 100% mediation rate.
Summary table of in-service employee benets at home and abroad
In 2024, RonbayTechnology
Labor contract signing rate:
100%
Social insurance coveragerate:
100%
Statutory welfare
Living security
welfare
Incentive welfare
Restricted equityincentive planTargeted welfarepolicies for overseasemployees
Health security welfareFestivals and cultural
construction welfare
Ratio of femaleemployees
23%
Ratio of femalemanagers
16%
Proportion of ethnicminority employees
3.91%
Proportion ofdisabled employees
0.9%
Percentage offoreign employees10%
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Diversied employee communication channels
Groups of employees and cadresIntelligent customer service platforms for
employees“Instant Service” QR code scanning platform“Sunshine Mailbox” and “General Manager’s
Mailbox”
Trade unions and workers congress
Employee seminarsRoundtable meetings and senior executive
visits
Online communication platformO?ine communication channels
To gain a more comprehensive and in-depth understanding of employee satisfaction, the company conductedan employee satisfaction survey in December 2024. A total of 4,485 questionnaires were distributed, and 3,390valid questionnaires were received, with an overall participation rate of 75.59%. The overall satisfaction ratingfor the company was 4.17 out of 5.
The Linshan branch organized an employee seminarto listen to the voices of grassroots employees,build a bridge for communication between seniorexecutives and employees, encourage the activesubmission of constructive suggestions and opinions,and provide timely feedback on relevant demands.
Hubei Ronbay provides condolences to employees during important moments in their lives,covering items such as wedding gifts, maternity gifts, and hospital condolences, o?ering multi-dimensional care for employees. In 2024, the company condolences were given to 39 individuals,with a cumulative amount exceeding 17,000 yuan, enhancing the employees’ sense of belongingand loyalty.
Case
Case
Employee seminar of Linshan branch
Monthly condolences from Hubei Ronbay
Talent attraction
Employee Promotion and Performance Evaluation
Ronbay Technology focuses on the talent needs of the new energy industry, creating an internationallycompetitive talent hub through institutional innovation, resource integration, and digital empowerment. Thecompany has developed the Corporation Recruitment Standards Manual to unify the global recruitmentprocess and standards, ensuring fairness and professionalism in talent selection.Ronbay Technology adopts diversified channels for precise talent attraction, relying on platforms such asLinkedIn, school-enterprise cooperation, and overseas special plans to establish an international recruitmentnetwork covering China, South Korea, Poland, the United States, and other regions. It conducts localizedbrand promotion to enhance the attractiveness to regional talents. In terms of campus talent reserves, thecompany promotes the “Doctoral Student Special Program” and “Overseas Talent Plan”, conveying theemployer’s value proposition through o?cial accounts, industry forums, and school-enterprise joint trainingprojects. In 2024, the company completed the onboarding of 140 students from universities and launched the2025 global campus recruitment to strengthen the construction of young technological talent teams.
Ronbay Technology has established a clear qualification system, aiming to provide clear guidance andsupport for the diverse growth paths of its employees. The company has built a professional and managerialdual career development channel for all employees, and based on actual business conditions, hasestablished di?erent qualications in technical, business, quality, and management professions. Employeescan consider their personal interests and strengths and choose di?erent development directions in line withthe company’s needs. At the same time, the company actively promotes internal job transfer and competitiverecruitment systems, breaking barriers to career development and stimulating talent vitality.Based on performance, ability, and potential, the company has established a comprehensive promotionevaluation mechanism, continuously strengthening the scientific performance management system.Combining strategic goals with job responsibilities, it conducts graded and classified assessments fordepartments and employees to ensure that goals align with abilities. Relying on “performance visualizationtools” and a graded evaluation system, relevant departments clarify performance indicators and improvementdirections, communicate with employees in a timely manner, develop personalized improvement plans,promote continuous employee growth, and provide full lifecycle career development support for employees.In addition, the company has established an annual evaluation mechanism to honor outstanding teams andindividuals with both honorary and material rewards, fostering a culture of strivers.
Empower Development, FacilitatingEmployee GrowthRonbay Technology focuses on the goal of globalization strategy, building a multi-dimensional employeetraining and development system that covers the entire career cycle. In 2024, the company established a neworganizational department to enhance the construction of organizational and cadre functions, ensuring thatemployee capability improvement is closely aligned with business needs by improving the training system,optimizing operational processes, and strengthening resource accumulation. The company continues to builda digital learning platform, expand global training resources, and enhance cross-regional talent collaboration,providing core talent support for sustainable development.
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2024 Environmental, Social and Governance ReportEmployee Training SystemRonbay Technology, guided by globalization, has established a soundeducation and training system with complete levels and wide coverageto meet the demand of employees for skill improvement.Each department of the company conducts a series of training coursesbased on the needs of employees across di?erent systems and levels.These courses cover four major functional modules: new employeestraining, cadre fostering, professional talents fostering, and managementresearch. The courses include management regulations training,corporate culture publicity training, safety and environmental protectiontraining, as well as professional skills training for various posts andpositions. The company promptly completes internal sharing andtransformation training to fully improve the abilities of all our employeesand enhance the overall efficiency of our teams. The Academy ofRonbay serves as a knowledge base connecting internal and externalresources, introducing online learning platforms and launchingdiversified training programs. Through data tracking and analysis,it helps employees clarify their learning progress, adjust learningstrategies in a timely manner, and improve learning e?ciency.
the company’s learningplatform had a total of1,500 learning materials
with internal knowledgesources accounting for
56%
Key Performance
Total Employee Training Hours
26,990 hours
Average Employee Training Hours
20.29
class hours
Total types of training courses
types
During the reporting period
To deepen the implementation of the ESG strategy, Ronbay Technology initiated the “SpringGoose Initiative” and “Eagle Action” at the corporation level, covering all employees, to build acomprehensive management reform system involving all employees and promote the coordinatedupgrade of strategy, organization, and culture.The company conducts the “Spring Swan Initiative” in the rst quarter of each year, focusing onannual strategic adjustments and organizational personnel optimization, laying the foundation forthe implementation of the company’s strategy in the new year.Since 2024, Ronbay Technology has been regularly carrying out the “Eagle Action”. Through thecollaborative innovation system of Eagle Action, the company has comprehensively coordinatedits management, achieved e?cient collaboration in daily work, and established a systematic andhighly autonomous operational framework. This has led to numerous achievements such asstrategic upgrades, organizational changes, achieving annual profit targets, global layout, andpreparations for industrial mergers and acquisitions.
CaseEmpowering Sustainable Development – “Spring Geese” and “Eagle” Thematic
Actions
In terms of new employees training, the company implemented a six-month “2024 Campus Recruitment NewEmployee Training Program” for newly recruited employees from universities. This program encompassesfour modules: intensive learning, frontline experience, on-the-job practice, and research projects, coveringcultural integration, professional competence, and management skills improvement. For newly recruitedemployees through the social recruitment, the company unified the SOP for social recruitment training in2024. By utilizing automated processes, such as setting up OA email triggers and adding approval nodes, thetraining participation rate of newly recruited personnel increased from 87% to 100%. In 2024, the companyadded new modules such as the Chairman’s Speech Column and the Ronbay terminology bank, updatedeight business and process courses, and increased the completion rate of mentorship tasks to 90%.
In 2024, Ronbay Technology launched a campusrecruitment training program, developing 17courses such as Growth in the Workplace, E?ectiveCommunication, and Structured Thinking, andorganizing 3 cultural activities. A total of 131 newlyrecruited students from universities participated inthe training, with a participation rate of 98% and atraining satisfaction score of 4.89.
CaseCampus Recruitment Training Program
Development
visionStrategic
orientation
Strategic path
To become the mostinnovative corporate university inbattery material industry leading the new energy
Five trainingsegments
Grassroots → middle
level → high-levelthree-level leadershipdevelopment system
Professionalismtraining planningfor key personnelFostering a teamof professionaltalents withprofessionalexpertise and aglobal vision
Strengthening the90-day trainingprogram for newhandsImproving thetutoring system andunleashing the roleof tutors in “helpingand guiding newhands”
Case extraction:
“Telling the Storyof Ronbay Well”,accumulation,dissemination andmaintenance ofcases, etc.Study and discussion on Ronbay culture throughout the processSix keymeasures
Planning oforganizationalarchitecture
Developmentof internallecturers andtrainers
Establishmentof benchmarkprojects
Developmentof excellentcourses
Perfectionof onlineplatforms
Optimizationof operationsystem
Two positionsFour functional
modules
Cadres fosteringA fostering platform of outstandingleaders and business experts
A spreading position and researchcenter of corporate cultureProfessionaltalents fostering
New employeestraining
Managementresearch
Group Online Training System - Statistical Data of Academy of Ronbay
In terms of cadre fostering, Ronbay Technology has established a layered training mechanism for leadingcadres, specically enhancing the management capabilities and strategic vision of cadres, and creating ahigh-performance leadership team. In 2024, Ronbay Technology appointed 92 new cadres, including 10middle-level principal positions and above. All newly appointed cadres participated in a six-month trainingprogram, completing cross-departmental communication, mentor coaching, and online learning, with acompletion rate of 88%. For newly recruited cadres, 5 middle- and high-level cadres completed a 90-daycustomized integration plan, covering business learning, cross-departmental visits, and mentor mechanism;332 directors and below participated in the “Management Skills Training Camp” covering practical skills suchas goal management and performance feedback, with a satisfaction survey score of 4.65. In addition, thecompany held a cadre reading club for The Power of Management and a course on Innovation and Culture,publishing 169 reading reflections, covering 1,914 person-times, promoting the systematic upgrade ofmanagement thinking.
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| Focus on Strategy, Empower the Right People | ||
| Develop long-term strategic vision and drive business growth proactively | ||
Business-Savvy andManagement-Oriented
In terms of professional training, Ronbay Technology has optimized the Course Development and InstructorManagement System, introduced an internal instructor system, developed nearly 100 professional coursesthroughout the year, and passed corporation reviews for 67 professional courses, certifying 45 corporationinstructors and 160 school-recruited instructors. Taking the construction of the school-recruited professionalcompetency curriculum system as a pilot, it gradually builds a collaborative mechanism with the businessdepartment. At the same time, the company has carried out training such as Big Customer Sales Strategyand Pricing System Construction through targeted empowerment marketing, pricing, and other key positions,covering 168 people and accumulating 6 sets of learning cards.In addition, Ronbay Technology attaches great importance to the cultivation of global talents and cross-cultural integration. In 2024, the company established a professional terminology bank in six languages,launched courses in English and Korean such as Ronbay Development History and Integrity in Employment,to support the integration of overseas employees; conducted language training for English (96 people) andKorean (509 people), with a passing rate of 92.3% in periodic exams; held specialized training sessionssuch as Overseas Investment ODI Record and Information Security Compliance, covering 134 people fromnance, IT, and other departments, to strengthen the compliance capabilities of global business.
Care for Employees, Conveying their Well-beingRonbay Technology actively builds a systematic humanistic care system, holds a series of activities toincrease employee cohesion, organizes employee seminars to promote equal communication within thecompany, and establishes a two-way smooth feedback channel. The company holds diversified culturaland sports activities to ensure a balance between work and life for employees, provides a comfortable,harmonious, and convenient working environment, and creates a good working atmosphere. For employeesfacing difficulties, the company provides special care, leveraging government resources to offer targetedsubsidy support.Care for Female EmployeesRonbay Technology places a high emphasis on caring for female employees, establishing a care mechanismfor female employees throughout their career cycle. It fosters an equal and inclusive organizationalenvironment, encourages male employees to participate in parental leave policies and care activities, andpromotes innovation in gender perception in the workplace. The company designs diversied equal promotionchannels, provides full-pay maternity leave for pregnant employees, implements a flexible work scheduleduring lactation, and sets up mother-and-baby rooms. Additionally, it establishes a personalized work contentadjustment mechanism to ensure the dual protection of female employees’ reproductive rights and careerdevelopment.
On the occasion of International Women’s Day,Xiantao Ronbay Labor Union held a specialWomen’s Day event on March 8, 2024. In addition,other bases also organized various forms ofWomen’s Day activities. These activities enrichedthe spiritual and cultural life of female employeesand stimulated their enthusiasm for job constructionand innovative creativity.
Hubei Ronbay, in order to protect the legitimaterights and interests of female employees,has established a mother-and-baby room toprovide a private, safe, and clean environmentfor breastfeeding female employees, reflectingthe company’s respect for female employees’reproductive and breastfeeding rights.
Case
Case
March - Xiantao Ronbay | Women’s Day Event
Hubei Ronbay establishes a mother-and-baby room
Culturallyaligned
Mission-drivenTeam-leadingSelf-developingLead culturalimplementationand become a rolemodel for living thecompany values.Understand andcomply with thecompany’s integrityand anti-corruptionpolicies.Cross-culturalbusiness andmanagementcompetence
Strategic Decision-
Making and
Business Planning
Financial
Management,
Including Business
Acumen and Cost
Control
Organizational
and Process
Development
Talent TeamDevelopmentTeam Motivationand ManagementEmployee Trainingand Development
Systems ThinkingSelf-Awareness
Understand andEmbody CorporateCultureUnderstand andComply withthe Company’sIntegrity and Anti-Corruption Policies
Goal Setting and
Execution
Project
Management
Review and
Reection
Team BuildingTask Delegationand Follow-UpCoaching and On-the-Job Training
Role AwarenessProblem Analysisand ResolutionStructured Thinking
Practice andPromote CorporateCultureUnderstand andComply withthe Company’sIntegrity and Anti-Corruption PoliciesCross-CulturalTeam Management
Strategy
Formulation
and Strategy
Deployment
Execution and
Implementation of
the Plan
Optimizing Team
Operations
Delegation andTask AssignmentMotivation andCoachingKnowledgeRetention andTransfer
Cross-FunctionalCommunicationand CollaborationInuence
President
Senior executives
70% focus on innovation,30% on execution
Business Unit Heads
50% focus on operations,50% on long-term strategic planning
Frontline Managers
70% on execution,30% on micro-innovation
Business-Savvy andManagement-Oriented
Focus onPracticalExecution andOperationalExcellence
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2024 Environmental, Social and Governance ReportRecreational and Sports Activities
Employee Welfare Activities
Ronbay Technology places great emphasis on the physical and mental health as well as the comprehensivedevelopment of its employees. It regularly organizes recreational and sports activities, providing opportunitiesfor employees to relax and rejuvenate. These activities effectively guide employees to cultivate healthylifestyle habits and enrich their leisure time. The diverse recreational and sports activities have become animportant bridge for employees to enhance mutual understanding and deepen friendships. During theseactivities, employees from di?erent departments and positions collaborate closely and support each other,stimulating vitality and cohesion among them. This fosters a more enthusiastic and motivated approach towork, achieving harmony between work and life.
Physical and mental health is the cornerstone of employees’ e?cient work and good life. Ronbay Technologyactively advocates for a balance between life and work, and provides employee benets according to thechanging seasons to ensure the physical and mental health of employees.
In order to enrich the company’s cultural life and enhancecorporate vitality, in 2024, Xiaocaoe Branch held a FunSports Meeting with the theme of “Showcasing Skills onthe Soaring Fields, Ronbay Athletes Compete in Style”;JAESE Energy organized badminton activities and footballmatches. Both the head o?ce and branch o?ces activelyheld sports activities to create a good working and livingenvironment.
On April 21, 2024, the administrative department of JAESEEnergy held a “Spring Outing Mountaineering Activity”,attracting more than 40 employees to join the hiking team.This event established a communication channel betweenChinese and South Korean employees of JAESE Energy,strengthening the integration of corporate culture.
In November 2024, Ronbay Zunyi held an autumnphotography competition. Employees actively participatedin the event and submitted multiple entries. After internalselection, outstanding photographic works were displayed,enriching the spiritual and cultural life of employees.
Case
Case
Case
Trade unions organizing sports activities
April Spring Outing Mountaineering Activity of JAESE Energy in South Korea
Ronbay Zunyi Autumn Photography Competition
In the heat of high temperatures, to ensure the physicaland mental health of employees and to carry out summerheatstroke prevention and cooling measures, GuizhouRonbay, Hubei Ronbay, and Shanxi Centerbel baseconducted high-temperature condolences. Throughthe trade union policy, led by the company’s generalmanager, the union committee organized logisticsforces to transport and distribute condolence materials,providing employees with refreshing drinks such as soda,orange juice, and watermelon to relieve the heat.
CaseA summer of care, with every touch of tenderness touching the heart
In December 2024, employees at Ronbay’s PolandJS base gathered to celebrate Christmas together.The festive banquet featured a variety of traditionalPolish Christmas dishes, delighting everyone withtheir authentic flavors. To add to the holiday spirit, thecompany also prepared Christmas gift boxes lled withsweet treats, bringing warmth and joy to employeesduring this memorable festive season.
CaseChristmas Celebration at the Poland JS Base
On the occasion of the Mid-Autumn Festival, theCenterbel base has specially tailored festive perks forall employees. The heartwarming gift box is filled withtraditional flavors and autumn care. Through a diversewelfare package and fun interactive activities, employeescan truly feel the warm embrace of the “family” cultureamidst the festive rituals.
CaseMid-Autumn Festival welfare activities at the Centerbel base
On August 23, 2024, not even the continuous rain coulddampen the enthusiasm of employees at Ronbay’sJAESE ENERGY CHUNGJU CO., LTD base. Teammembers lined up in front of a specially prepared shavedice cart, enjoying a cool and sweet moment of reliefduring the peak of summer—a refreshing memory tocherish.
CaseSummer Refreshment Event at the JAESE ENERGY CHUNGJU CO., LTD Base
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Occupational Health and Safety
Ronbay Technology has always been concerned about the occupational health and safety of its employees.Adhering to the principle of “three managements and three musts”, the company continuously promotes theconstruction of a long-term mechanism for safe production, comprehensively improves the managementlevel of safe production, advocates a culture of safe production, and e?ectively guarantees the health andsafety of employees. The company claries management standards and related objectives by formulating theEnvironmental and Occupational Health and Safety Management System Manual, achieving systematic andstandardized management of occupational health and safety.As of the end of the reporting period, all of the company’s commissioned and steadily operating bases hadobtained ISO 45001:2018 certification for occupational health and safety management systems, with theexception of the Linshan base, which is currently undergoing the second phase of certication.
Production Safety ManagementProduction Safety Management System
Ronbay Technology strictly adheres to the Work Safety Law of the People’s Republic of China and hasestablished systems such as the Potential Risk Investigation and Management Regulations and theEnvironmental Safety Reward and Punishment Regulations, providing institutional guarantees for themanagement of production safety. The company regards “the person in charge of each unit is the firstperson in charge of safety” as a core requirement, which is integrated throughout the entire process of safetymanagement.As the core organization for safety supervision and management, the production safety committee of thecompany has a leading group composed of senior management personnel, which is fully responsible forsupervising the implementation of production safety. At the same time, Ronbay Technology’s various businessdepartments, as well as branches and subsidiaries, have also established their own production safetycommittees. These committees work under the unied supervision and guidance of the company’s productionsafety committee to ensure the e?ective implementation of the safety management system.
Security Risk Identication and Hierarchical Control
Chemical Management
Ronbay Technology has established a dual prevention mechanism consisting of safety risk classificationcontrol and hidden danger investigation and rectication, aiming to control risks before they turn into hiddendangers and eliminate hidden dangers before accidents occur.In terms of risk management, the company regularly organizes risk identication and assessment activitiesto pinpoint internal hazards and devise an internal risk control checklist. Simultaneously, the company hasestablished a comprehensive construction risk management system to exercise risk control throughoutthe entire construction cycle of complex projects, encompassing all stages from project feasibility studiesto construction execution. Furthermore, the company continuously conducts compliance monitoring andproject construction safety evaluations to ensure strict adherence to relevant laws and regulations at everystage of the project, with a particular emphasis on standards and norms in key areas such as environmentalprotection, occupational health, and re safety.The company has taken proactive actions to manage and control the identied risks. For the identied hazardsources, the company has carried out hierarchical management and control through measures such asengineering, technology, and management, and personnel at di?erent levels were assigned to manage andmonitor the risk sources at corresponding levels.
Ronbay Technology has always regarded chemical safety management as an important cornerstone of thecompany’s sustainable development. By establishing a comprehensive institutional system, strengtheningtechnical support, and implementing full-sta? responsibility, it achieves high-standard and rened control overhazardous chemicals. A strict registration system for the use of chemicals has been established, specifyingthe using department and responsible person. The safety of hazardous chemical storage has been greatlyimproved, and no chemical reaction accidents caused by mixing have occurred.
Formulate a specializedcontrol plan
Set up department heads forsupervision and formulate
operating procedures
Daily inspection management
In 2024, after evaluation, the Hubei Provincial EmergencyManagement Department confirmed Hubei Ronbay as a Level2 enterprise for safety production standardization. Safetyproduction standardization is a necessary way to implement themain responsibility of enterprises for safety production, a long-term mechanism to strengthen the basic work of enterprise
Hubei Ronbay was awarded the title of “Level 2 enterprise for safety productionstandardization” in Hubei Province
In addition, the company closely linksthe safety production indicators with thesalary performance of each departmentand senior management, and setsoccupational health and safety-relatedgoals. At the same time, the companyclarifies the management requirementsand execution standards for key taskssuch as safety management, hiddendanger investigation, emergencymanagement, and accident penalties,promoting the smooth operation of thesafety management system.
the company’s investment in safety production amounted to14,214,800 yuan
In 2024
Award
safety production, and an important means to e?ectively prevent accidents. This certication is arecognition of the company’s standardized and systematic management of safety production, andwill also guide the company to continuously improve its safety production management capabilitiesin the future, laying a solid foundation for sustainable development.
Signicant riskHigh riskGeneral risk
ObjectiveAction in 2024
●Based on annual business operations and incident occurrences,the company has established three “zero” targets foroccupational health and safety each year
●All related targetshave beensuccessfully achieved
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Safety Emergency ManagementRonbay Technology always adheres to the safety emergency concept of “staying prepared and alerted everyday”. The company has formulated regulations such as the Fire-ghting Equipment Management System,First Aid Kit Management System, and Conned Space Operation Safety Management System to standardizesafety emergency management. The company regularly organizes safety emergency drills, and eachproduction base carries out drills such as liquid oxygen leakage drills at air separation stations, workshopelectric shock emergency drills, and re emergency drills to enhance employees’ emergency handling andself-protection capabilities.
The Xiantao base has established management systems forhazardous chemicals, including the Chemical ManagementSystem and the Precursor and Explosive Chemicals ManagementSystem, among other institutional documents. Special emergencyresponse plans are formulated based on specific situations. Indaily management, precursor chemicals and explosive chemicals
CaseHazardous chemicals management at Xiantao base
CaseComprehensive Emergency Drill - Xiantao RonbayOn June 27, 2024, Xiantao Ronbay’s 2024comprehensive emergency drills were heldas scheduled with the joint assistance of theMunicipal Emergency Management Bureau andthe Municipal Fire Brigade. The drills simulated
a series of emergency response actions by various departments after a major re occurred in the liquidoxygen tank area of the air separation zone. It closely focused on re emergency response procedures,the use of fire-fighting equipment, self-defense and self-rescue in case of sudden fires, personnelevacuation and escape, rescue, and other matters, conducting multi-angle and comprehensive practicaldrills to ensure that all employees achieve “learning and applying what they have learned”.Safety Culture Construction
Ronbay Technology is committed to fostering aculture of safe production among all employees,further enhancing their awareness of safetyprecautions, ensuring that the concept of safety isdeeply ingrained in everyone’s mind, and buildinga solid ideological defense for the safe productionof the enterprise.In 2024, the company carried out safety educationand training, strengthened the promotion of safetyproduction culture, promoted various safetyactivities, and implemented performance rewardand punishment mechanisms, taking multiplemeasures to continuously enhance the safetyawareness and safety execution ability of allemployees.Employee Occupational Health
Ronbay Technology strictly adheres to the legal requirements related to occupational health, formulatingregulations such as the Administrative Regulations on Occupational Health and Occupational DiseasePrevention and Treatment, the Administrative Regulations on Labor Supplies, the Administrative Regulationson Occupational Disease Protection Supplies, the Administrative Regulations on Emergency Rescue andManagement of Occupational Hazards, and the System for Handling and Reporting Occupational HazardAccidents, continuously strengthening the management of employee occupational health. For overseasbases, the company complies with the Korean Occupational Safety and Health Law (KOSHA) and otherrelevant laws and regulations in the operating locations, preparing risk prevention measures such asemployee health management and work-related accident prevention, and improving the overall level of safetymanagement.The company establishes an environmental safety leadership team to carry out the planning andmanagement of occupational health and safety work. The company conducts regular testing of occupationalhazard factors in the work environment each year. For identied occupational hazard factors such as noise,inorganic dust, high temperature, and inorganic compounds, the company posts occupational health riskwarning notices. At the same time, the company provides employees with personal protective equipmentthat meets job requirements, sets up occupational health protection equipment and facilities such as dustcollectors and silencers, and regularly conducts spot checks and maintenance on protective facilities bydedicated personnel. The company provides pre-employment physical examinations, on-the-job physicalexaminations, and departure physical examinations for all employees, and establishes employee occupationalhealth monitoring records.The company has optimized the use of personal protective equipment (PPE) and implemented strict controlover special labor protection supplies with “three certificates and one label” (production license, productqualification certificate, safety appraisal certificate, and safety label). In addition, the company promotesoccupational health and safety knowledge through occupational health awareness week and WeChat o?cialaccount, enhancing employees’ attention to occupational health.
CaseSafe Production Month Theme
Activity of Ronbay Technology
Zunyi baseXiantao base
Centerbel base
are stored in dedicated explosion-proof cabinets, and a “dual-person, dual-lock” managementsystem is implemented. Class B warehouses are equipped with leakage collection tanks. The usingdepartment establishes usage records, reports and registers on the online management platform,and establishes a day and night shift inspection mechanism. Through institutional optimizationand drills, emergency response capabilities are enhanced to ensure that the risks associated withhazardous chemicals are controllable.
The company and its bases have formulated and continuously improved system documents such asthe Chemical (MSDS) Management System, Precursor and Explosive Chemicals Management System,and Hazardous Chemicals Management System, clarifying the management requirements for the entireprocess from chemical introduction, procurement, transportation, storage, usage to waste disposal. Thelist of hazardous chemical characteristics is updated in a timely manner, and classified management isimplemented based on chemical properties and risk levels to ensure compliance and safety in all aspects.At the same time, each base has established emergency response plans for theft prevention, robberyprevention, vandalism prevention, and technical prevention system failures of hazardous chemicals.Ronbay Technology and its bases implement a high-standard chemical storage system, where precursor andexplosive chemicals are stored in dedicated warehouses or explosion-proof cabinets. Strictly implementingthe “double-person, double-lock” management, all bases are equipped with leak prevention facilities,monitoring, communication and ventilation devices to ensure a safe storage environment. The basesimplement a dual inspection system for day and night shifts, with security personnel at the Linshan baseconducting patrols and systematic check-ins on the tank area and storage facilities every 2 hours to ensurereal-time monitoring without any omissions.The company also attaches great importance to the promotion of knowledge related to chemicals. Bases inEzhou, Xiaocaoe, Zunyi, and Linshan regularly conduct special emergency drills and carry out training work.The Xiantao base and Zunyi base have undertaken the initiative to display relevant regulations on walls andproduced hazard notification cards for various areas where chemicals exist, promoting the awareness ofchemical management deep into the daily work of employees.
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Taking responsibility,Promoting Harmony andCommunion
6.1. Community Support96
6.2. Rural Revitalization98
6.3. Public Welfare and Charity99Cheapter contents
Ronbay Technology actively integrates social resources, focusing on key modules such ascommunity-enterprise collaboration, village-enterprise interaction, and public welfare, whilepromoting social development and leading the force of business towards goodness.
Ningbo Ronbay New Energy Technology Co., Ltd.
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Community SupportRonbay Technology attaches great importance to establishing a smooth communication mechanismwith the communities where it operates, and pays close attention to the practical needs of stakeholderssuch as villages, the public, and communities. The company adheres to the goal of jointly creating goodcommunity relations, based on a community participation framework, and regards promoting the socio-economic development of the region as its core work. It continues to promote the improvement of people’slivelihood and various public welfare investments, establishing a solid foundation of trust with the operatingcommunities.Based on the actual needs of the local community, the company continuously promotes poverty alleviation,community services, and other activities through its own inuence. It collaborates with local party-buildingunits and other non-prot organizations to address social issues. Simultaneously, the company establishesa transparent and open communication and grievance mechanism, committed to establishing meaningful,constructive, and positive dialogues with the local community. Together, they negotiate solutions and foster apositive atmosphere for a better life within the community.
Hubei Ronbay regularly organizes community-enterprise collaboration activities, deliveringdaily necessities and festive greetings to thesurrounding residents, establishing a positivecorporate image, and helping the communitybetter understand the company, workingtogether for mutual development. In 2024,Hubei Ronbay actively participated in publicwelfare assistance activities in the jurisdictionand was awarded the title of “True HelpingWarms the People’s Heart, Poverty Alleviationand Assistance Delivers Real Results” by theTaiwu Community.
CaseHubei Ronbay - Actively participating in community-enterprise collaboration
To improve relations with surrounding residents,Hubei Ronbay has partnered with the environmentalprotection bureau and the community to carry outa summer refreshing activity for residents of JingduCommunity. This initiative aims to enable residentsto better understand Ronbay’s corporate cultureand further fulll the company’s social responsibility.
CaseHubei Ronbay - Persistently building good community relations
Guizhou Ronbay adheres to the concept of“taking root in the local area and serving society”and, during the Spring Festival in 2024, went tothe surrounding villages to distribute essentials,children’s toys, and other materials to local left-behind children, single elderly people, and othergroups, establishing closer ties and harmoniousrelationships with the surrounding villagers.
CaseGuizhou Ronbay - Continuously fullling the mission of village-enterprise interaction
JAESE Energy practices the concept of socialresponsibility. In 2024, JAESE Energy collaboratedwith the Men’s and Women’s Leaders Council ofDaesowon-myeon New Village in South Korea toinitiate a village-enterprise cultural integration action.More than 20 Chinese and Korean employeesworked together with community residents tocomplete the pickling of 1,500 ecological agriculturalcabbages, deepening the community residents’understanding and recognition of JAESE Energy,and further strengthening the close ties between theenterprise and the local community.
CaseJAESE Energy - Village-Enterprise Joint Cultural Experience Activity
Taking responsibility, Promoting Harmony and Communion
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2024 Environmental, Social and Governance Report
Guizhou Ronbay - Actively involved in rural public welfare undertakingsSince its establishment, Guizhou Ronbay has adhered to the concept of “taking root inthe local area and serving society”, always concerned about the development of ruralrevitalization, focusing on rural industrial revitalization and talent revitalization, activating newengines for rural development, and promoting rural economic prosperity.Guizhou Ronbay is committed to promoting rural revitalization through its own actions. Itcollaborates with local governments to develop economic development plans and has investedin the construction of multiple industrial parks, state-of-the-art factories, and production lines.This has attracted upstream and downstream enterprises to settle in, promoting the formationof local industrial clusters. At the same time, Guizhou Ronbay provides a large number ofemployment opportunities for the local community and has established cooperative researchand development and student internship mechanisms with local universities. This attracts andcultivates high-quality rural talents, providing talent support for rural revitalization.In addition, Guizhou Ronbay actively participates in rural public welfare undertakings andsocial responsibility projects, has established multiple public welfare donation projects,regularly organizes employees to participate in volunteer service activities, and provides careand assistance to vulnerable groups such as the elderly and disabled in the community.
Public Welfare and Charity
Ronbay Technology has actively carried out various charitable activities this year to give back to society andvigorously promote the spirit of volunteerism. The company adheres to a community-centered approach,targeting vulnerable groups in local communities, and conveys the concept of public welfare through practicalactions. It encourages employees to practice and carry out public welfare activities, contributing to theconstruction of a harmonious society.
During the reporting period, JAESE Energyparticipated in the “Hope Jar - Wish Christmas Tree”charitable donation event hosted by Daesowon-myeon in Chungju, South Korea. The projectestablished a “Thermometer Christmas Tree” forpublic welfare fundraising, and all the donationsraised were used to help vulnerable groups. Atthe same time, the company set up a charitabledonation jar in the employee cafeteria to encourageemployees to voluntarily participate in donationsand contribute to the cause of public welfareassistance.
CaseJAESE Energy participates in special charity event
Rural Revitalization
Ronbay Technology will actively respond to the national rural revitalization strategy, fully implement thecompany’s various deployments, and comprehensively utilize forms of assistance such as employmentpromotion, rural public welfare, and industrial revitalization to improve and enhance the local income leveland industrial development capacity, further consolidate the achievements of poverty alleviation, and promotecommon prosperity.The company adheres to empowering rural revitalization through education and employment, creatingemployment opportunities and improving the level of localized employment through methods such as settlingdown, expanding the scope of recruitment areas, and school-enterprise cooperation. During the reportingperiod, the company is based on local resources, adheres to promoting rural revitalization through industry,helps local industries improve industrial competitiveness, and promotes the development and growth of localindustries.
Key Performance Indicator Table
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2024 Environmental, Social and Governance Report
Key Performance Indicator Table
Corporate Governance and Economic Performance
Corporate GovernanceIndicator categoryUnit202220232024
Total number of board of directorspersons/99Number of female directors on the
board of directors
persons/33Ratio of female directors in the board
of directors
%/33.3333.33
Economic Performance
Indicator categoryUnit202220232024
Total assets100 million yuan256.60 246.39246.23Product outputten thousand tons11.43 13.29 17.24Sales revenue100 million yuan301.23 226.57 150.88R&D investmentten thousand yuan48,655.4335,424.4542,415.88Government reward and support fundten thousand yuan5,967.6912,690.816,485.69Balance of accounts payable(including notes payable) at the endof the reporting period
ten thousand yuan1,142,975.25 834,109.93 857,259.25Ratio of accounts payable (includingnotes payable) balance to total assetsat the end of the reporting period
%44.5433.8534.82Investment in environmental
protection
ten thousand yuan1,746.812,212.893,137.03Safety investmentten thousand yuan1,802.06 2,802.05 1,421.48
Risk Prevention and Control and Integrity Management
Indicator categoryUnit202220232024Number of risk control auditstimes301816Problems identied in the auditsitems43129381Number of risk management
training sessions
times427Audit coverage rate (bases)%717583Signing rate of commitment letter
on integrity
%100100100Business ethics training coverage%100100100
Intellectual Property Protection
Indicator categoryUnit202220232024Invention applicationsitems261492629Inventions granteditems72104162Applications for utility modelsitems343469577Utility models granteditems274346435
Information Security and Privacy Protection
Indicator categoryUnit202220232024
Internal information security audittimes/63Third-party information security audittimes/10Information security audits upon departureperson-times/168154Environmental Performance
Energy Consumption
Indicator categoryUnit202220232024Total comprehensive energy
consumption
tons of standard coal//114,881.40Total direct energy consumptiontons of standard coal//80,433.95Total indirect energy consumptiontons of standard coal//34,447.44Natural gas consumptioncubic meters517,429632,7311,462,563.00Purchased steam consumptiontons86,256136,533113,000.62
Total powerMWH668,085.61849,948.17911,723.97Purchased electricity consumption:
renewable energy
MWH//97,657.82Purchased electricity consumption:
Non-renewable energy
MWH//814,066.15Green electricity consumptionMWH//97,657.82Proportion of green electricity
consumption
%//34.17Directly purchased green electricity
consumption
MWH16,930 212,365.12 97,657.82Green electricity certicateprocurement volume
MWH//213,912.11Note: 1. The data on total comprehensive energy consumption, total direct energy consumption, and total indirect energyconsumption did not cover the JAESE ENERGY CHUNGJU CO., LTD and EMT CO., LTD. bases in South Korea; 2. The naturalgas consumption data for 2024 only covered the Centerbel base in Shanxi; 3. The purchased steam consumption data for 2024only covered the Xiaocaoe and Linshan bases; 4. The data on Purchased electricity consumption of renewable energy, proportionof green electricity consumption, directly purchased green electricity consumption, and green electricity certicate procurementvolume only covered the Ezhou and Guizhou bases.
Key Performance Indicator Table
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2024 Environmental, Social and Governance Report
Greenhouse Gas Emissions
Indicator categoryUnit202220232024Scope 1
tons of CO
equivalent
3,628.027,194.069,501.25Scope 2
tons of CO
equivalent
319,310.58516,925.13516,152Scope 3
tons of CO
equivalent
1,828,698.032,455,915.943,040,819.87Total greenhouse gas emissions
tons of CO
equivalent
2,151,636.622,980,035.133,566,473.11Greenhouse gas emission
intensity
tons of CO
equivalent / tons ofproducts
23.7422.5320.69Note: 1. The data above for 2022 only covered the Ezhou and Zunyi bases; 2. The data for Range 3 in 2024 did not cover theEMT CO., LTD. base.
Water Resource
Indicator categoryUnit202220232024Total amount of water withdrawalten thousand tons155.87145.99117.60Water withdrawal intensity
tons / ton ofproduct
13.6110.986.82Total amount of recycled watertons//966,990
Note: 1. The total water withdrawal and water withdrawal intensity data for 2022 did not cover the bases in Xiantao, ShanxiCenterbel, and JAESE ENERGY CHUNGJU CO., LTD; 2. The total recycled water data did not cover the bases in Xiaocaoe,JAESE ENERGY CHUNGJU CO., LTD and EMT CO., LTD.
Packaging Material ManagementIndicator categoryUnit202220232024Packaging Material Recovery-
Tray
items/124,200108,314
Pollutant TreatmentIndicator categoryUnit202220232024
Solid waste
Hazardous waste emissionstons1,610.23 1,375.291,181.86Hazardous waste rate of athousand-ton product
tons / thousand-tonproduct
14.1910.356.86General solid waste emissionstons3,170.321,133.211,223.43General solid waste rate of athousand-ton of product
tons / thousand-tonproduct
27.748.537.10Waste recovery amounttons8,419.538,016.869,535.24Note: 1. Waste recycling included solid waste such as ton bags; 2. Considering data accuracy, data from 2022 and above coveredEzhou, Zunyi, Xiaocaoe, EMT CO., LTD. bases; in 2023, it covered Ezhou, Zunyi, Xiantao, Xiaocaoe, Linshan, Shanxi Centerbel,JAESE ENERGY CHUNGJU CO., LTD, and EMT CO., LTD. bases.
Waste gas
Sulfur dioxide (SO
)tons//1.36Nitrogen oxides (NO
X)tons14.1910.122.56VOCs (Volatile OrganicCompounds)
tons//0Particulate mattertons//14.43Asphalt smoketons//0Dust emissions per unit of
product
g / ton of output197.8193.4683.70Note: 1. The nitrogen oxide data for 2022 only covered the EMT CO., LTD. base, while it covered the Centerbel and EMT CO.,LTD. bases in 2023; 2. The dust emission data covered the Ezhou, Zunyi, EMT CO., LTD., and JAESE ENERGY CHUNGJU CO.,LTD bases in 2022, and it covered the Ezhou, Zunyi, Xiantao, Xiaocaoe, Linshan, Shanxi Centerbel, JAESE ENERGY CHUNGJUCO., LTD, and EMT CO., LTD. bases in 2023; 3. The particulate matter data did not cover the JAESE ENERGY CHUNGJU CO.,LTD base.
WastewaterTotal wastewater dischargetons255,416.56264,882.05245,375.38Emissions per unit of output
(tons / ton ofoutput)
2.251.991.42Chemical Oxygen Demand
(COD)
tons//5.89Ammoniacal nitrogen (NH3-N)tons//1.33Suspended solidstons//2.88Total phosphorustons//0.01Note: 1. The selected wastewater emissions per unit of production is calculated as the total wastewater discharge divided by thetotal production of the base; 2. The total wastewater discharge and emissions per unit of production data for 2022 covered Ezhou,Zunyi, Xiaocaoe, and EMT CO., LTD. bases; for 2023, they covered Ezhou, Zunyi, Xiantao, Xiaocaoe, Linshan, Shanxi Centerbel,JAESE ENERGY CHUNGJU CO., LTD, and EMT CO., LTD. bases; 3. Chemical oxygen demand and ammonia nitrogen datadid not cover Centerbel, JAESE ENERGY CHUNGJU CO., LTD, and EMT CO., LTD. bases; 4. Suspended solids and totalphosphorus data did not cover Centerbel and Korean bases.
Key Performance Indicator Table
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2024 Environmental, Social and Governance Report
Customer ServiceIndicator categoryUnit202220232024Number of product-recalls due to
quality issues
pieces//0Number of customer privacy leakage
incidents involved
pieces//0Customer complaint handling rate%100100100
Customer satisfaction%96.10 96.80 97.45
R&D and Innovation
Indicator categoryUnit202220232024Number of R&D personnelpersons599647679
By education level
Doctoral Degreepersons//36Master degreepersons//338Bachelor’s degree and belowpersons//305
Supplier Management
Indicator categoryUnit202220232024
Total number of suppliers//386343Supplier from the Chinese Mainland//373261Suppliers from Hong Kong, Macao,Taiwan, and overseas
//1382Number of supplier audits that have
been conducted
//5479Number of supplier training sessionstimes//301Number of suppliers participating in
supplier training
///77Annual number of assessed suppliers /185479Annual proportion of completedsupplier assessment
%67100100Number of suppliers certied by theenvironmental management system
///52Number of suppliers certied bythe occupational health and safetymanagement system
///52Number of suppliers certied by thequality management system
///52
Social PerformanceEmployment
Indicator categoryUnit202220232024
Total number of employeespersons4,6444,3764,471
By gender
Number of male employeespersons3,5453,2973,438Number of female employeespersons1,0991,0791,033
Ratio of male employees%767577
Ratio of female employees%242523
By academic degreePhDpersons173241Masterpersons491624627Bachelorpersons1,1251,0951,045Below bachelorpersons3,0112,6252,758
By ageUnder 30 years (including 30 years)persons1,6981,5101,39230-50 years (excluding 30 years,including 50 years)
persons2,7262,6782,858Over 50 (excluding 50)persons220188221Number of disabled employeespersons3340Number of employees from ethnic
groups
persons165156175Foreign employeespersons194275457Campus-recruited employeespersons395301140
New employeesTotal number of new employees hired
in 2024
persons2,2211,322985By gender - number of male employeespersons1,7481,019813By gender - number of female
employees
persons473303172By age - under 30 years oldpersons1,151662427By age - 30-50 years oldpersons1,060660550By age - over 50 years oldpersons10108
ManagementBy gender - number of male employees
in management
persons515361By gender - number of femaleemployees in management
persons111312By age - under 30 years oldpersons110
By age - 30-50 years oldpersons535558By age - over 50 years oldpersons81015
Key Performance Indicator Table
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2024 Environmental, Social and Governance Report
Rights and Benets of Employees
Indicator categoryUnit202220232024
Employee satisfaction%84.7782.0683.40Coverage rate of labor contract signing%100100100
Social insurance contribution rate for
regular employees
%100100100
Sta? Training and Development
Indicator categoryUnit202220232024Number of employees who haveundergone regular performance andcareer development evaluations
persons//1,846Percentage of employees who accept
performance evaluation
%//100Number of male employees who haveundergone performance evaluation
persons//1,210Number of female employees whounderwent performance evaluation
persons//636Total expenditure on employee training
ten thousandyuan
343.80 115.60 60.17
Total duration of employee traininghours/17,87326,990Total number of hours for employee
training
class hours/year
33,39044,50758,799Average length of employee training
(class hours /person / year)
20.5927.3820.29Number of types of training coursessessions / year57375585Note: 1. The total expenditure data for employee training in 2024 only covered the actual expenditure on training fees for thefunctional departments of the corporation.
Occupational Health and SafetyIndicator categoryUnit202220232024Proportion of employees covered by
the occupational health and safetymanagement system
%100100100Number of employees participatingin occupational disease physical
examination
persons//3,038Number of employees with
occupational diseases
persons/00Number of occurrence of occupational
disease accidents
times/00Number of major safety accidentspieces/00Number of employees who died due to
work-related injuries
persons/00Hours lost due to work-related injuryhours/00Departure rate due to work-related
injuries
%/0.0770Number of safety emergency drillstimes/113214Number of people covered by safety
emergency drills
persons//3,610Number of safety training sessionstimes/2,5202,351Duration of safety traininghours/20,405175,434Safety training coverage%/100100Employee involvement rate in safety
drills
%/100100Qualied rate of occupational healthphysical examination of employees
%/100100Note: 1. The number of hours lost due to work-related injuries and the departure rate due to work-related injuries are only countedfor accidents above level 3.
Rural Revitalization
Indicator categoryUnit202220232024
The number of people beneted from
rural revitalization
persons1,0241,9741,332Amount invested in charitable
donations
ten thousandyuan
31.6375.0064.69Note: 1. The data on the number of people beneted from rural revitalization and the amount invested in rural revitalization onlycovered the Ezhou and Zunyi bases.
Report Index
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Report Index
Report Chapter
Guidelines No. 14 of ShanghaiStock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
Global ReportingInitiative (GRI)Standards 2021
Preparation Instructions for This ReportArticle 3 to 4, Article 62-2; 2-3; 2-14
Message from the Chairman--2-22About Ronbay Technology--2-1; 2-6The Path of Sustainable DevelopmentArticles 13 to 15, and Article 19
2-12; 2-14; 2-16;
2-17; 2-22Communication with StakeholdersArticle 9, Article 532-29Analysis of Double MaterialityArticle 53-1; 3-2; 3-3
Steady ProgressLeads to a BrightFuture, Chartinga BeautifulBlueprint
Strengthen Governanceand Consolidatethe Foundation ofGovernance
Articles 11 to 12, and Articles 49 to
2-9; 2-12; 2-18; 2-19;
2-20; 405-1ComplianceManagement Ensuresthe Stability of BusinessOperations
Article 29
2-27; 205-2; 205-3;418-1Anti-corruption andpromotion of integrity,and Build an IntegritySystem
Articles 53 to 56
2-26; 205-1; 205-2;
206-1; 418-1Intellectual PropertyProtection
Article 54205-2Information Security,
Guarding the Data
Defence Line
Article 48418-1
Striving forExcellence,Facilitatingthe Process ofGlobalization
InnovationEmpowerment, DrivingIndustry Development
Article 2, Articles 41 to 42201-1; 302-5High-quality Service,Shaping ExcellentQuality
Article 47416-1; 416-2
Low-carbonEnvironment,Practicing GreenCoexistence
EnvironmentalManagement System
Article 29306-2Green Development,Addressing ClimateChange
Articles 20 to 28
201-2; 305-1; 305-2;305-3Green Production,Safeguarding ourBeautiful Homeland
Articles 30 to 31, and Articles 33 to
302-1; 303-1; 305-7;306-2Biodiversity ConservationArticle 32304-1; 304-2Win-win Value,Driving IndustryDevelopment
Progress and prosperitytogether, building aresponsible supply chain
Articles 44 to 45
204-1; 308-1; 308-2;414-1
Report Chapter
Guidelines No. 14 of Shanghai
Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
Global ReportingInitiative (GRI)Standards 2021Win-win Value,Driving IndustryDevelopment
Exchange andCooperation,Empowering IndustryDevelopment
Article 42201-4
People-oriented,AchievingHappinessSharing
Diversity and Equality,SafeguardingEmployees’ Rights andBenets
Articles 49 to 50405-1Empower Development,Facilitating EmployeeGrowth
Articles 49 to 50404-1; 404-2; 404-3Care for Employees,Conveying their Well-
Being
Article 49403-3; 403-6Occupational Health and
Safety
Article 49, Article 50403-1; 403-2; 403-5Takingresponsibility,PromotingHarmony andCommunion
Articles 38 to 40415-1Rural revitalizationArticles 38 to 40415-1Public Welfare andCharity
Article 38, Article 40415-1
Verication Report
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2024 Environmental, Social and Governance Report
Verication Report
INDEPENDENT ASSURANCE OPINION STATEMENT
Statement No: SRA-825351
Ningbo Ronbay New Energy Technology Co., Ltd.2024 Environmental, Social and Governance Report
The British Standards Institution is independent of Ningbo Ronbay New Energy Technology Co., Ltd. (including itssubsidiaries, hereinafter referred to as "RONBAY TECHNOLOGY") , and its subsidiaries (hereafter referred to as“Ronbay Technology” collectively in this statement), and has no financial interest in the operation of Ningbo RonbayNew Energy Technology Co., Ltd. other than for the assessment and assurance of RONBAY TECHNOLOGY’s 2024Environmental, Social and Governance Report (the “ESG Report”).
This independent assurance opinion statement is prepared on the basis of review by the British StandardsInstitution of 2024 “ESG Report” presented by "RONBAY TECHNOLOGY". The review does not extend beyond suchinformation and is solely based on it. In performing such review, the British Standards Institution has assumed thatall such information is complete and adequate.
Scope & CriteriaThe scope of engagement agreed upon with “RONBAY TECHNOLOGY” includes the following:
1． The assurance scope is consistent with the description of Ningbo Ronbay New Energy Technology Co., Ltd. 2024
“ESG Report”.2． This report was prepared in accordance with the “Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)” issued by the Shanghai Stock Exchange,and referenced the “Global Reporting Initiative (GRI) Sustainability Reporting Standards “(2021 Edition).3． Type 2 Moderate Assurance Level
In line with the AccountAbility Sustainability Assurance Standard (AA1000AS), this assessment examines
the nature and extent to which “RONBAY TECHNOLOGY” adheres to the four principles of
accountability: Inclusivity, Materiality, Responsiveness, and Impact. It does not involve an assurance on the
reliability of specific sustainability performance data.
Opinion StatementWe conclude that RONBAY TECHNOLOGY’s 2024 ESG Report objecitvely and fairly presents the organization’senvironmental, social, and governance (ESG) performance during the reporting period.Based on the assurance procedures described in this report, we have not identified:
-Any materiality misrepresentation or omission in the ESG data and information provided by “RONBAYTECHNOLOGY”.-Any unresolved issues related to the AccountAbility AA1000AS principles of Inclusivity, Materiality,Responsiveness, and Impact.
For and behalf of BSI：
Issue Date: 2025-03-23 Effective Date: 2025-03-23
Page: 1 of 3The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes ofverifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not, in providing this Opinion Statement, accept or assumeresponsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on thebasis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review, The BritishStandards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only.
ichael Lam, Senior Vice President, APAC Assurance
Statement No: SRA-824851
This assurance engagement has been conducted by a team of qualified sustainability assuranceprofessionals in accordance with the AccountAbility AA1000AS (2021). Through review of documentationand data collected during planning and fieldwork, we confirm that RONBAY TECHNOLOGY’s claim ofcompliance with:
The Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial), and refer to the Global Reporting Initiative (GRI) Sustainability ReportingStandards (2021 Edition) is a fair and accurate representation.
MethodologyOur work was designed to gather evidence on which to base our conclusion. We undertook the followingacitvities:
? Conducted interviews with RONBAY TECHNOLOGY’s senior management to validatethe appropriateness of materiality topics in the ESG Report, particularly those raised by externalstakeholders regarding RONBAY TECHNOLOGY’s sustainability performance.? Discussed with RONBAY TECHNOLOGY’s senior management the methods for stakeholder
engagement (note: no direct contact with external stakeholders was made as part of this assurance).? Interview with staff involved in sustainability management, report preparation and provision of reportinformation.? Review of key organizational developments.? Review of supporting evidence for claims made in the Report.? An assessment of the RONBAY TECHNOLOGY’ reporting and management processes concerningreporting against the principles of Inclusivity, Materiality, Responsiveness and Impact as described in theAA1000 Assurance Standard.
Conclusions
We have conducted the review of the AA1000AS v3 standards for the verification of sustainability reportsregarding the principles of inclusiveness, substance, responsiveness and impact, as well as the verification of the"Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report(Trial) issued by the Shanghai Stock Exchange (SHSE)" as follows:
Based on the verification results, we have not identified:
-Any materiality misrepresentation or omission in the ESG data and information provided by “RONBAYTECHNOLOGY”;
-Any unresolved issues related to the AccountAbility AA1000AS principles of Inclusivity, Materiality,Responsiveness, and Impact.We confirm that the contents related to social responsibility and sustainable development in the "ESGReport" are disclosed in accordance with the requirements of " Guidelines No. 14 of Shanghai StockExchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)".From our professional perspective, this "ESG Report" includes the social responsibility and sustainabledevelopment affairs of "RONBAY TECHNOLOGY". The suggestions for improvement of the report havebeen adopted by "RONBAY TECHNOLOGY " before issuing this statement of improvement opinions.
Issue Date: 2025-03-23 Effective Date: 2025-03-23
Page: 2 of 3
The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes ofverifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not, in providing this Opinion Statement, accept or assumeresponsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on thebasis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review, The BritishStandards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only.
112PB
2024 Environmental, Social and Governance Report
Statement No: SRA-824851
Assurance LevelThe Type 2 Moderate Level of Assurance provided in our review is defined by the scope and methodologydescribed in this statement.
ResponsibilitiesIt is the responsibility of RONBAY TECHNOLOGY’ senior management to ensure that the information beingpresented in the Report is accurate. Our responsibility is to provide an independent assurance opinionstatement to stakeholders giving our professional opinion based on the scope and methodology described.
Ability and Independence
The assurance team was composed of Lead Assurer and Assurer, who are experienced in the industrial sector,and trained in a range of sustainability, environmental and social standards including GRI Series Standards,AA1000, ISO14064, ISO20400, ISO 14001, ISO45001, ISO 9001, etc. British Standards Institution is a leadingglobal standards and assessment body founded in 1901. The assurance is carried out in line with the BSI FairTrading Code of Practice.
Page: 3 of 3The British Standards Institution is independent to the above named client and has no financial interest in the above named client. This Opinion Statement has been prepared for the above named client only for the purposes ofverifying its statements relating to its ESG more particularly described in the scope. It was not prepared for any other purpose. The British Standards institution will not, in providing this Opinion Statement, accept or assumeresponsibility (legal or otherwise) or accept liability for or in connection with any other purpose for which it may be used or to any person by whom the Opinion Statement may be read. This Opinion Statement is prepared on thebasis of review by The British Standards Institution of information presented to it by the above named client. The review does not extend beyond such information and is solely based on it. In performing such review, The BritishStandards Institution has assumed that all such information is complete and accurate. Any queries that may arise by virtue of this Opinion Statement or matters relating to it should be addressed to the above name client only.
Issue Date: 2025-03-23 Effective Date: 2025-03-23