Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection and Green Operation
• Operation Practice
• Product and Service Responsibility
• Human Rights and Employees
• Community Contribution

Environmental Achievements

• Reduced total greenhouse gas emission from 13.2 Tonnes of CO2e to 7.6 Tonnes of CO2e
• Reduced total energy consumption from 44,656.8 kWh to 10,017.0 kWh
• Reduced total non-hazardous waste from an unspecified amount to 1.3 tonnes

Social Achievements

• Implemented measures to protect employees from occupational hazards, resulting in zero work-related fatalities and injuries.
• Provided training to 46% of employees, with an average of 3.0 hours per employee.
• Maintained a harmonious working environment with no significant corruption risks identified.

Governance Achievements

• Adopted the Corporate Governance Code in Appendix 20 of the GEM Listing Rules and complied with relevant anti-corruption laws and regulations.
• Established and strictly implemented principles for staff regarding gifts and hospitality, and a whistle-blowing mechanism.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting business operations and employee health.
• Maintaining a sustainable supply chain with responsible suppliers.

Mitigation Strategies

• Implemented flexible business strategies, strengthened corporate management controls, and enriched the product mix.
• Implemented COVID-19 prevention measures, including remote work arrangements and hygiene guidelines.
• Regularly evaluated and surveyed suppliers, conducting site visits and qualification reviews.

Supply Chain Management

Supplier Audits: 6 suppliers audited, all from Mainland China

Responsible Procurement

• Compliance with Group principles and contractual requirements, emphasis on business integrity, environmental, health and safety performance, and human rights.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Meritocracy
• Community Contribution

Environmental Achievements

• Reduced total greenhouse gas emissions from 7.6 tons of CO2 equivalent to 6.4 tons of CO2 equivalent.
• Reduced total energy consumption from 10,017 kWh to 15,339 kWh (Note: This seems counterintuitive and may require further investigation from the report itself).
• Reduced non-hazardous waste from 1.3 tonnes to 1.41 tonnes (Note: This seems counterintuitive and may require further investigation from the report itself).

Social Achievements

• Maintained a harmonious employer-employee relationship with no significant corruption risks identified.
• Implemented various measures to ensure occupational health and safety, resulting in zero work-related fatalities and injuries.
• Conducted employee training with an average of 20 hours per employee.

Governance Achievements

• Established a Corporate Governance Committee to formulate and review corporate governance policies and practices.
• Implemented anti-corruption measures and training programs for directors and staff.
• Complied with relevant laws and regulations related to anti-bribery, extortion, fraud, and money laundering.

Climate Goals & Targets

Environmental Challenges

• Global climate change and its impact on business operations.
• COVID-19 pandemic and its impact on employee health and business continuity.
• Maintaining a sustainable supply chain.

Mitigation Strategies

• Implementing emission reduction and energy-saving measures.
• Closely following government guidelines and implementing epidemic prevention and control measures.
• Actively seeking supply chain partners with good reputations and operating practices exceeding minimum requirements.

Supply Chain Management

Supplier Audits: 5 suppliers audited

Responsible Procurement

• Compliance with laws and regulations related to product safety and performance.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Opportunities

• Development of new energy storage industry

Reporting Standards

Frameworks Used: HKEX ESG Reporting Guide

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Protection
• Supply Chain Management
• Product Responsibility
• Employee Relations
• Occupational Safety
• Anti-corruption
• Community Investment

Environmental Achievements

• Reduced total greenhouse gas emissions from 6.4 tons of CO2 equivalent to 4.1 tons of CO2 equivalent.
• Reduced total energy consumption from 15,339 kWh to 9,213.5 kWh.
• Reduced total non-hazardous waste from 1.41 tonnes to 1.51 tonnes.

Social Achievements

• Maintained zero employee turnover rate.
• Implemented comprehensive training programs resulting in 93.3% of employees trained, averaging 16.1 hours per employee.
• Actively participated in community activities and charitable donations.

Governance Achievements

• Adopted a zero-tolerance approach towards corruption and bribery.
• Implemented robust anti-corruption training for directors and staff.
• Complied with relevant laws and regulations related to anti-bribery, extortion, fraud, and money laundering.

Climate Goals & Targets

Environmental Challenges

• Global economic and social turmoil due to the energy crisis, inflation, and geopolitical factors.
• Frequent extreme weather events due to climate change.

Mitigation Strategies

• Adopted flexible business strategies and strengthened corporate control measures.
• Enriched product portfolio by planning a photovoltaic component production plant in the PRC.
• Prioritized climate change mitigation and adaptation.
• Implemented measures to ensure employee health and safety during the pandemic.

Supply Chain Management

Supplier Audits: 4 suppliers audited

Responsible Procurement

• Require suppliers to comply with Group principles and contracts, be responsible for ethics, society and the environment, and comply with all applicable laws and regulations.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Opportunities

• Development of new energy storage industry

Reporting Standards

Frameworks Used: Appendix 20 to the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Meritocracy
• Supply Chain Management
• Product Responsibility
• Anti-corruption
• Charity Activity

Environmental Achievements

• Participated in the “Carbon Footprint Repository for Listed Companies in Hong Kong” programme.
• Implemented emission reduction and energy-saving measures (e.g., utilizing daylight, energy-efficient equipment, public transport encouragement).

Social Achievements

• Established an Occupational Health and Safety Management System.
• Provided employee training (average 4.1 hours per employee).
• Organized internal activities for traditional festivals and UN events.
• Implemented measures to prevent child and forced labor.

Governance Achievements

• Adopted the Corporate Governance Code in Appendix C1 of the GEM Listing Rules.
• Complied with anti-bribery, extortion, fraud, and money laundering laws and regulations.
• Established a dedicated customer service team to handle complaints.
• Implemented measures to protect intellectual property rights and customer data privacy.

Climate Goals & Targets

Environmental Challenges

• Climate change related physical risks (extreme weather events) and transition risks (IFRS S2 compliance).
• Maintaining a sustainable supply chain.

Mitigation Strategies

• Developed guidelines for work arrangements during extreme weather.
• Engaged professional ESG consultants to ensure compliance with reporting requirements.
• Implemented rigorous supply chain management and standard project management processes.
• Regularly evaluate and assess suppliers’ production plants and internal control processes.

Supply Chain Management

Supplier Audits: 1 supplier during the year; site visits and qualification reviews conducted.

Responsible Procurement

• Suppliers must comply with Group principles, contracts, and relevant laws and regulations.
• Prioritization of suppliers who fulfill environmental and occupational safety responsibilities.
• Safety training organized for all participating units before construction.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, heavy rain, extreme heat)

Transition Risks

• IFRS S2 compliance requirements

Opportunities

• Development of new energy storage industry

Reporting Standards

Frameworks Used: GEM Listing Rules Appendix C2