About the ReportChairman's MessageAbout GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceBoard StatementAnnual Feature

Contents

「N」ature

E「X」cellence

Responding to Climate ChangeEnvironmental Compliance ManagementEnergy Management and Renewable Energy UtilizationWater StewardshipPollutant & Emissions ManagementWaste ManagementCircular EconomyEcosystem and Biodiversity Conservation

Innovation-DrivenIndustrial Cooperation and ExchangeProduct Safety and QualityCustomer ServiceInformation Security and Privacy Protection

Labor Rights ProtectionDiversity, Equity and InclusionEmployee Training and DevelopmentOccupational Health and SafetyResponsible Supply ChainCommunity ContributionRural Revitalization

Corporate GovernanceCompliance and Risk ManagementAnti-bribery and CorruptionAnti-Unfair Competition

「E」quity

「T」rustAppendix

United Nations Global CompactKey Performance Table

23GCL Carbon Chain 2.0

Index of GRI 2021 StandardsSZSE Indicator Index Table

Assurance Statement

Feedback

An Industry First, Injecting New Momentum into Low-CarbonDevelopment

Redefining Efficiency Limits, Powering Global GreenTransition with High-Performance PV System IntegrationInnovation in Action

About the Report

Introduction2024 Sustainability Report (hereinafter referred to as"the Report") constitutes the fourth Sustainability/Environmental, Social, and Governance (ESG) reportissued by GCL System Integration Technology Co., Ltd.(hereinafter referred to as "GCL SI", "the Company",or "we"), aiming to disclose and showcase theCompany's progress in sustainable development toour stakeholders.The Report is published on an annual basis, aligningwith the fiscal year. The Reporting Period is fromJanuary 1, 2024, to December 31, 2024 (hereinafterreferred to as the "Reporting Period") and provides adetailed account of GCL SI's commitments, actions,and performance in economic and ESG domainsduring this timeframe. To reflect consistency,comparability and completeness, contents of theReport refer back to previous years or cover the year2025 as appropriate.Scope of the ReportThe organizational scope of the Report encompassesthe listed entity of GCL SI. In cases where the speci?cdata scope deviates from the Reporting scope, suchdistinctions will be explicitly stated in the text.

Reporting Standards and

Guidelines

The Report complies with the requirements ofShenzhen Stock Exchange Self-Regulatory GuidelinesNo. 17 for Listed Companies of Shenzhen StockExchange - Sustainability Report (Pilot). In addition,the Report refers to the latest Global SustainabilityStandards Committee Sustainable DevelopmentReporting Standards (GRI Standards, hereinafterreferred to as "GRI") of Global Sustainability StandardsBoard, the Reporting disclosure requirements ofSustainable Development Goals (SDGs) EnterpriseAction Guidance, and the rating standards such asEcoVadis and CDP.

Report Reliability AssuranceThe Company and the Board of Directors of GCL SI Technology Co., Ltd. jointly commit that there are no false records, misleadingstatements, or material omissions in the content of the Report. We are fully responsible for the authenticity, accuracy, andcompleteness of the information contained herein.

Format of Report Release

The online version of the Report is accessible on the o?cial website of GCL SI Technology Co., Ltd. (https://www.gclsi.com) and theCNINFO website (http://www.cninfo.com.cn).

Data SourcesThe data utilized in the Report originates from various sources, including raw operational data from the Company, internalstatistical reports, annual ?nancial data, publicly available data from government agencies, third-party questionnaire surveys, orinterviews. Financial data presented in the Report is denominated in RMB. In instances where discrepancies arise between ?nancialdata in the Report and that in our ?nancial statements, the latter shall prevail.

Description GuidelinesFor ease of reference and readability, the following table presents the full names and corresponding abbreviations of affiliatedcompanies in the Report:

Full Name of A?liated CompanyAbbreviation

Hefei GCL SI New Energy Technology Co., Ltd. Hefei GCL SI

Funing GCL SI Technology Co., Ltd. Funing GCL SI

Wuhu GCL SI New Energy Technology Co., Ltd. Wuhu GCL SI

GCL Green Energy System Technology Co., Ltd.GCL Green Energy

GCL Energy Storage Technology (Suzhou) Co., Ltd.GCL Energy Storage

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2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

Chairman's Message

GCL SI has adopted 'sustainable development' as the core philosophy guiding our operations and strategicdecision-making.As a key player in the global renewable energy industry, GCL SI upholds the goals and principles of theUnited NationsFramework Convention on Climate Change(UNFCCC) and theParis Agreement. We actively respond to the national 'DualCarbon' goals, driving emission reduction efforts within our operations and across the industrial chain. To demonstrateour long-term commitment as a responsible enterprise, we are dedicated to building a resilient sustainability governanceframework that listens to the voices of internal and external stakeholders. We implement the action plan of technology-driven carbon management, leveraging digital power and innovation to enable deep decarbonization, thereby reshaping theharmonious coexistence of the economy, society, and the environment.

The industry in which GCL SIoperates and the endeavorswe pursue are vital to thenational economy and people'slivelihoods, continuouslycontributing to improving theliving environment of humanity.GCL SI is not only addressingimmediate challenges but is alsodriven by a future full of promiseand aspiration that inspires andmotivates us to move forward.

Zhu YufengChairman of GCL SI

GCL SI places innovation-driven development as the primary principle for operational improvement andstrategic implementation.Innovation is the foremost productive force. Under the guidance of our three core strategies—technological, digital andgreen GCL SI— we ?rmly believe that only innovation can conquer challenges and adapt to an ever-evolving world. We strivenot only to advance technological breakthroughs but also to reimagine management practices, smart manufacturing, andtalent development. Faced with historical opportunities and industry challenges, we remain unwavering in our innovation-driven approach, embracing change with innovative thinking and vision, proactively transforming, and continuously pursuinghigher-quality development and growth.GCL SI regards shared identity as the core of our corporate culture development.Only through continuous renewal can an organization truly ?ourish. Guided by the belief that 'a company without progressiveculture is soulless,' our management at all levels practices GCL SI's culture and values with deep awareness and conviction. Theyserve as role models and advocates for our corporate culture. GCL SI has established a cultural ecosystem that combines sharedvalues with distinct characteristics across di?erent business segments. We integrate corporate culture into the development ofsystems, processes, and employee behavior standards, achieving a harmonious unity between systems and culture, as well asbetween ideas and operations. This ensures that employees are guided by values while adhering to standardized practices.

GCL SI views responsibility as the essence of our ultimate pursuit.

Truth, goodness, and beauty require responsibility as their cornerstone. GCL SI is committed to the responsibility of driving economicand social progress, as well as to our responsibilities to customers, employees, and shareholders. At the same time, our employees arealso expected to uphold their responsibilities to the Company and their roles. This mutual commitment forges the enduring brillianceof both the enterprise and individual lives; our collective promises create incremental value for the economy and society.

GCL SI has positioned deep integration as a driving force for high-quality development.Rooted in the "NEXT" sustainable development strategy, the Company embeds this vision across its entire ecosystem. Byintegrating sustainability into its management framework, GCL SI optimizes resource allocation and accelerates green operations.Simultaneously, it fosters a culture of responsibility by empowering every employee to become an active advocate for sustainablepractices. Through partnerships with clients, the Company not only delivers innovative solutions but also collaborates to amplifyshared values of environmental and social stewardship. Looking ahead, GCL SI will continue to weave sustainability into everyproject and decision, ensuring that economic success harmonizes with its commitment to a greener, more harmonious future.

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About GCL SI

Company Overview

GCL SI Technology Co., Ltd. (002506. SZ) , as one of the four listed companies under the GCL Group, is committed to becoming aglobal leader in providing energy system solutions. Adhering to the concept of "bringing green power to life", we fully integratelow-carbon development into business operations in the renewable energy sector which we are devoted to. We are primarilyengaged in the R&D, design, production, sales and one-stop services of high-e?ciency photovoltaic (PV) cells and di?erentiatedcomponents, Engineering Procurement Construction (EPC), integrated energy storage systems and related products. TheCompany adheres to the concept of ""technology leading and innovation-driven," consistently pursuing a strategic path of high-quality, e?cient, and di?erentiated product technologies. Building on GCL Group's global brand in?uence, we actively expandglobal market presence to achieve long-term sustainable growth.Looking ahead, GCL SI will uphold its "combat spirit", steadfastly pursue the path of sustainable development, and advanceunder the strategic guidance of Technological, Digital, and Green GCL SI. By deeply integrating the de?ning trend of green andlow-carbon development with its long-standing expertise in the renewable energy sector, the Company will pursue its goals withtenacity and relentless e?ort.

Empower green development andcontinuously create values

Mission

Lead with Values, Power with Innovation,

Excel through Dedication, Unite as One

Value

Become a respected leader in global energy

system solution provider

Vision

Concise, E?cient, Disciplined, Dynamic

Culture

Entrepreneurship, Innovation,Competition, TranscendenceCorporate Spirit

Corporate Culture

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2024 Milestones

Wuhu GCL SI was awardedthe "Outstanding DigitalTransformation Enterprise"in the 2023 China IntelligentManufacturing Cornerstone andthe China Intelligent EnterpriseDirectory.

GCL SI successfully hosted the "GCLCompanion, Carbon Road Future"2024 Eco-Partner Annual Gala.

GCL SI was invited to the "20243rd Xiamen International EnergyStorage and Charging IndustryExpo & 9th South China EnergyStorage and Charging Conference,"discussing the latest market, policy,and technological trends withindustry partners.

GCL SI won two honors: the"Quality Victory China" PV ModuleHigh-Temperature PerformanceAward and the "Quality VictoryChina" GCL Carbon ChainInnovation Award in 2024.

GCL SI first displayed the"Carbon Chain Modules" at theJapan PV EXPO.

Hefei GCL SI successfully developedand deployed the ?rst photovoltaicmodule process robot based ona private large language model,achieving an in-depth integrationof AI technology and traditionalmanufacturing, and pioneeringa new chapter in intelligentmanufacturing.

Six star products of the TOPConseries modules successfullypassed the strict audit of T?VRheinland and were awardedthe ISO 14067 Product CarbonFootprint Certi?cate.The Kunshan factory of GCLEnergy Storage officially startedproduction, achieving an annualcapacity of 2.5 GWh for household,commercial & industrial, and large-scale energy storage systems.

The first piece of the 2GWexpansion and battery R&D pilotline project at Wuhu GCL SI wassuccessfully launched.

JanuaryAprilFebruaryMayMarchJune

DecemberSeptemberNovemberAugustOctoberJuly

GCL SI attended the China (Jinan)International Solar Energy Expo,winning three awards: "Top10 Influential Module Brands,""2023 Quality Household andCommercial & Industrial PVModule Brand Award," and"Outstanding Distributed EnergyAward."

The average efficiency of N-typeTOPCon batteries at Wuhu GCLSI reached 25.4%, ranking ?rst inthe industry.The ?rst piece of GPC (GraphitizedPrecision Doping PassivatedBack Contact Technology) LotusModule was successfully launchedat Hefei GCL SI.

The world's first photovoltaic carbonchain—GCL Carbon Chain—wasofficially launched in Shanghai andGermany, continuously and e?cientlyamplifying the carbon control andreduction effects across the entirephotovoltaic industry chain.The first 0BB production line moduleof Hefei GCL SI was o?cially launched,marking a successful breakthrough in0BB technology by GCL SI.

GCL SI was awarded the "ESGNew Benchmark EnterpriseAward" by StockStar in 2024.

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2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

Honors

2024 Sustainability Performance

2024 Global Climate Disclosure Platform

(CDP) Climate Change Questionnaire

B Grade

Global Climate Disclosure Platform (CDP)

2024 Annual Excellence in Sustainable

Development Practice Case

China Listed Companies Association

2024 Annual Excellence inCorporate Culture Practice Case

China Listed Companies Association

"Annual Carbon Peak and Neutrality

Pioneer" Award

NetEase FinanceWind EcoVadis

2024 Wind ESG RatingEcoVadis Sustainability(Top 15% globally, Top 7% in industry)(Management level)

A GradeSilver Medal

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Sustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability Performance

Economic

RevenueRMB

RMB

million

million

RMB/Share

16,239.79

Net Income Attributable to Shareholders of Listed Company

68.29

Renewable Energy-related Revenue as a Percentageof Total Revenue

100%

Basic Earnings Per Share

0.012

R&D Expenditure as a Percentage of Operating Revenue

1.29%

「N」atureProduction-based Electricity Consumption Intensity

27.70

General Industrial Solid Waste Recycling Rate

99.74%

Production-based Water Consumption Intensity

31.21

covering100%

covering100%

Production-based GHG EmissionIntensity (Market-Based)

15.40

ISO 14001 Environmental ManagementSystem Certification: Hefei GCL SI,Funing GCL SI, and Wuhu GCL SI haveall obtained this certi?cation

ISO 50001 Energy ManagementSystem Certi?cation: Hefei GCL SI,Funing GCL SI, and Wuhu GCL SIhave all obtained this certi?cationMWh/MW

tCO

e/MW

Tonnes/MWof the photovoltaic module-related production bases.

of the photovoltaic module-related production bases.

E「X」cellence

Number of Product Recall Incidents

items

Customer Satisfaction Score

points

98.5

R&D Investment

210.22

millionRMBCumulative Number of Authorized Patents

items

peopleNumber of R&D Personnel

「T」rust

Proportion ofIndependent Directors

33.33%

Coverage Rate ofBusiness Ethics Audit100%

Coverage Rate of Anti-Corruption Training

100%

Coverage Rate of BusinessEthics Training100%

「E」quity

SA8000 Social Accountability Certi?cation: Hefei GCL SI and Funing GCL SI haveobtained this certi?cation.

Total Number of Employees6,074persons

Average Training Hours perEmployee

18.95

hours

Diversity, Anti-Discrimination,and Anti-Harassment AwarenessTraining Coverage Rate100%

Proportion of new suppliers obtainedEnvironmental Management System Certi?cation

73.68%

Proportion of new suppliers obtained QualityManagement System Certi?cation

97.37%

of the photovoltaic module-related production bases.

100%

ISO 45001 Occupational Healthand Safety Management SystemCertification: Hefei GCL SI, FuningGCL SI, and Wuhu GCL SI have allobtained this certi?cation, covering

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Sustainability Strategy

Sustainability Strategy and Governance

GCL SI not only injects powerful impetus into the global energy transition but also attaches great importance to the clean energytransition of the Company's own manufacturing and operational processes, striving to minimize the environmental footprintacross the Company's operations and value chain. We utilize the power of digital technology to implement the guiding principleof "Carbon Emissions Reduction with Technologies", leveraging innovation to drive deep decarbonization and reshape theharmonious coexistence between society, economy, and environment. Meanwhile, the PV industry evolves rapidly, necessitatingthat we cultivate an aptitude for "Responses to Changes," agilely responding to shifting market demands and vigorously promotinghigh-quality upgrades in our production capacity structure to enhance the Company's core competitiveness.In 2023, GCL SI developed the NEXT sustainable development strategy framework. With a vision of "building a PV ecosystem with

adhering to sustainability in both business development and social development". We actively collaborate with all stakeholders tobuild a harmonious solar ecosystem. GCL SI joined the United Nations Global Compact (UNGC) in 2023, committing to uphold itsTen Principles covering human rights, labor, environment, and anti-corruption. Following its UNGC membership, the Company hasactively deepened sustainable development practices, strengthened its competitiveness in the global market, and contributed toadvancing clean energy and supporting the global transition to net-zero emissions.In 2024, building on our four strategic pillars: Nature, Equity, EXcellence, and Trust, we have clari?ed our commitments and strategicgoals for 25 key issues. Guided by these goals, we are driving our sustainability efforts forward and building a low-carbon andsustainable future that transitions from "foresight" to "realization."

NatureEquity

EXcellenceTrust

Actively respond to climate change, enhance watermanagement ef?ciency and protect the ecosystem forgreen developmentResponding to Climate ChangeEcosystem and BiodiversityConservationEnergy Management andRenewable Energy Utilization

Water StewardshipPollutant & EmissionsManagementEnvironmentalCompliance ManagementWaste ManagementCircular Economy

Adhere to technology-driven innovation, optimizeproduct and service quality to meet customers'demands and enhance their satisfaction, and fuelglobal transition to greener energyInnovation-DrivenProduct Safety and QualityCustomer Service

Data Security andPrivacy ProtectionIndustry Collaborationand Exchange

Create a diversi?ed, inclusive, safe and healthyworkplace, actively ful?ll social responsibilities,create and share sustainable valueLabor Rights ProtectionOccupational Healthand SafetyDiversity, Equityand Inclusion

Responsible Supply ChainSocial ContributionFair Treatment of SMEs

Employee Training andDevelopment

Rural Revitalization

Uphold the concept of mutual trust, optimize corporategovernance, adhere to business ethics, build a responsiblesupply chain, and create a foundation for honest, transparentand stable managementCorporate GovernanceCompliance and RiskManagement

Anti-bribery and CorruptionAnti-Unfair Competition

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NatureEquityEXcellence

Trust

Responding toClimate Change

We actively respond to the national Carbon Peak and Neutrality targets, initiate our own "zero-carbon"strategy, and commit to reducing carbon emissions across internal operations and the value chain.We commit to actively conduct carbon chain traceability and carbon footprint evaluation certi?cation forour products, completing full-chain carbon footprint tracing.Scope 1 & 2: Reduce absolute emissions by 64.7% by 2035 compared to 2024.Scope 3: Reduce carbon emissions from purchased goods and services per unit of output by 66.3% by 2035compared to 2024.Reduce average product carbon footprint by 5% year-on-year from 2024 to 2030.By 2030 at least, use the GCL Carbon Chain platform to provide customers with all required productcarbon footprint information.EnergyManagementand RenewableEnergy Utilization

Reduce electricity consumption per unit of product by 5% year-on-year from 2024 to 2030.EnvironmentalComplianceManagement

We commit to strictly comply with local environmental protection laws and regulations, actively implement

environmental protection measures, and reduce the impact of our operations on the environment.Ecosystem andBiodiversityConservation

We commit to reducing direct pressure on biodiversity and promoting sustainable use of natural resources.WaterStewardship

We commit to maximizing water-saving strategies and enhancing water recycling throughout the

production process.

Reduce water consumption per unit of output by 8% by 2030 compared to 2024.

WasteManagement

We commit to strictly comply with relevant laws and regulations, implement full-process supervision of

general solid and hazardous waste, and increase the comprehensive utilization rate of waste.

Reduce waste generation per unit of output by 30% by 2030 compared to 2023.Circular Economy

We commit to vigorously developing a circular economy, exploring high-value recycling pathways

for "retired" photovoltaic modules, and promoting the implementation of reutilization and recycling

projects for waste modules.

Achieve a 100% recycling rate for solar cell packaging materials by 2030.Pollutant &EmissionsManagement

We commit to strictly implementing national and local air pollution prevention and control standards, using

advanced treatment processes, facilities, and optimized production technologies to reduce emissions.

Labor RightsProtection

We commit to establishing constructive relationships with employees and trade union representatives, respecting employees'rights to engage in or refrain from collective bargaining in accordance with local laws.We commit to ensuring all employees receive adequate wages, reasonable working hours, and bene?ts, providing them withgood working conditions.We commit to not using or tolerating child labor, forced labor, debt bondage, contract slavery, involuntary prison labor, slavelabor, or human tra?cking in our business and supply chain operations.We commit to respecting the land rights of local communities in our areas of operation.We commit to protecting employee rights and strive to improve employee satisfaction.Achieve 100% of employees covered by collective bargaining agreements by 2025.Maintain 100% of full-time employees in Mainland China with medical insurance at least until 2030.Maintain competitive salaries for all employees at least until 2030.Achieve external audits covering all production bases for child labor and forced labor issues by 2028.Diversity, Equityand Inclusion

We commit to treating all employees equally, fairly, and with respect.We commit to respecting and caring for female employees, valuing their development, and eliminating all forms ofdiscrimination and harassment.Maintain diversity, anti-discrimination, and anti-harassment awareness training covering all employees annually until 2030.OccupationalHealth andSafety

We commit to providing a safe and healthy working environment for all employees, contractors, and partners, and tocontinuously improving safety management levels.Maintain zero incidents of ?re, explosion, personal injury, and occupational diseases at least until 2030.EmployeeTraining andDevelopment

We commit to supporting employee career development through su?cient training.Increase average training hours per employee by 20% by 2030, based on 2024 levels.

ResponsibleSupply Chain

We commit to prioritizing suppliers with robust environmental and labor and human rights management systems, underequal conditions.We commit to not intentionally purchasing or supplying products containing con?ict minerals.Maintain 100% of procurement team members trained on supply chain environmental, labor, and human rights issues at leastuntil 2030.Achieve 100% con?ict minerals audit for suppliers of 3TG materials by 2025.Achieve 100% signing rate of the Code of Conduct for Business Partners and integrity commitment clauses by suppliers by 2025.Achieve 100% ESG audit coverage for core suppliers by 2026. Achieve 100% third-party ESG audit coverage for core suppliersby 2028.Maintain 100% participation of core suppliers in ESG capacity-building at least until 2030.Fair Treatment ofSMEs

We commit to adhering to the principles of fairness and justice, providing equal cooperation opportunities for all partners,especially SMEs.SocialContribution

Conduct at least four employee volunteer services annually at least until 2030.RuralRevitalization

We commit to actively responding to the national call for rural revitalization, consolidating and expanding the results of

poverty alleviation, providing clean energy to impoverished areas, and promoting local green economic development and

rural revitalization.

CorporateGovernance

We commit to continuously optimizing the corporate governance structure and improving governancelevels based on the principles of integrity, transparency, and standardization.Compliance and RiskManagement

We commit to establishing a comprehensive compliance management system and internal controlmechanisms to ensure the standardized operation of all business activities.Maintain 100% internal audit coverage for all business entities and subsidiaries every two years, atleast until 2030.Maintain a problem recti?cation completion rate of over 95% at internal audits, at least until 2030.Ensure that annual training on con?icts of interest, anti-fraud, anti-money laundering, and anti-unfaircompetition topics covers all employees, at least until 2030.Anti-UnfairCompetition

We commit to fully implementing principles of integrity in business operations, respecting rules of faircompetition, and condemning any actions that seek illegal pro?ts.Anti-bribery andCorruption

We commit to ?rmly opposing corrupt practices, strictly complying with all anti-corruption laws and regulationsapplicable to our company, and regularly conducting internal anti-corruption audits and inspections.Conduct at least one corruption risk assessment covering all locations annually at least until 2030.Maintain all employees signing the Integrity Commitment Letter at least until 2030.

Key IssueKey IssueKey Issue

Key Issue

Innovation-DrivenIncrease R&D investment by 20% by 2028, based on 2024 levels.Customer ServiceMaintain customer satisfaction above 97 points annually at least until 2030.Product Safety andQuality

We commit to continuously improving product quality and providing outstanding products to customers.We commit to strengthening the control of hazardous substances in the design and production ofphotovoltaic modules.Maintain zero product recalls annually at least until 2030.Industry Collaborationand Exchange

We commit to actively engaging in various industry collaborations and exchanges, leveragingour strengths to work with upstream and downstream partners in the industrial chain to jointlypromote innovation and global energy transition in the photovoltaic industry.Data Security andPrivacy Protection

We commit to responsibly managing confidential information and reducing information securityrisks for the Company.Conduct IT security risk assessments across all operations by 2030.Achieve ISO 27001 certi?cation for all IT infrastructure and information systems by 2027.

OurCommitments

and TargetsOurCommitmentsand TargetsOurCommitmentsand Targets

OurCommitmentsand Targets

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SustainabilityGovernance

Integrating sustainability conceptsinto corporate governance, GCLSI has established a three tieredgovernance structure- "governance- management - execution". TheCompany has established a “Strategyand Sustainability Committee”under the Board of Directors, whichis responsible for overseeing theCompany's overall sustainable andclimate strategies, objectives, andrelated significant matters. Underthe Committee, the Company hadalso established the SustainabilityManagement Committee, theSustainability Promotion Office andthe Sustainability Working Groupsat the management level. TheCompany's business divisions andfunctional departments operateat the executive level, holdingresponsibility for the preciseexecution of ESG matters and theattainment of associated goal.

Governance LevelManagement Level

Regarding potential negative impacts or risks related to sustainability, the Company has established a robust due diligencemechanism to identify, assess, and effectively address potential sustainability-related impacts or risks in its businessoperations. The ESG risk due diligence is led by the Board of Directors, coordinated by the Strategy and SustainabilityCommittee, and executed by the Risk Control Department and relevant functional departments. The scope covers core areasof sustainability, including environmental compliance, carbon emission management, product quality, employee rights,and business ethics. The results of the due diligence are reported to the Board of Directors, the Strategy and SustainabilityCommittee, and relevant stakeholders. Based on these ?ndings, we continuously optimize our ESG management system anddevelop corresponding measures to ensure the Company's stable operations and sustainable, high-quality development.

Business Divisions and Functional

Departments

Audit CommitteeCompensation CommitteeNomination CommitteeStrategy and Sustainability Committee

Climate Action Working Group

Sustainable Cultural Development Group

Board of Directors

Sustainability Management Committee

In accordance with the Company's sustainable development strategy, each business division,functional department, and working group is tasked with advancing and executing sustainabledevelopment initiatives.Coordinate departmental resources to implement ESG tasks related to the department;communicate and cooperate with other departmental representatives on ESG projects.Departmental representatives participate in regular cross-departmental ESG meetings tounderstand departmental objectives and develop work plans.Regularly report work progress to the Sustainability Working Groups.

BusinessDivision and

FunctionalDepartments

Supervise and manage the Company's overall sustainability-related a?airs as the highestgoverning body for sustainable development of the CompanyOversee the Company's overall strategic approaches and signi?cant milestones in sustainabledevelopmentConduct research and provide recommendations on the Company's major investment and?nancing plans, signi?cant capital operations and asset operation projectsReview and approve sustainable development strategies, targets and policies on key issuesReview and make recommendations on the Sustainability Management Committee's report onthe Company's ESG risk management, performance and progress towards achieving goalsReview and approve the Company's ESG materiality analysis results and Annual Sustainability ReportStrategy andSustainability

Committee

Board ofDirectors

Sustainability

PromotionO?ce

Sustainability Working Groups

StakeholderCommunication

GCL SI maintains ongoing communication with stakeholders in order to stayupdated with their expectations and regularly exchange opinions on fulfilling suchexpectations. GCL SI identi?ed 11 types of stakeholders considering the Company'scharacteristics and industry trends, including employees, shareholders, investors,suppliers, customers, partners, non-government organizations, governments andregulators, communities, media and ?nancial institutions. Among them, employees,customers, suppliers, shareholders, investors, governments and regulatorsconstituted our key stakeholders.

Anti-bribery andCorruptionInnovation-drivenDevelopmentLabor RightsProtectionDiversity, Equity andInclusionOccupational Healthand Safety

Employees Training andDevelopmentEnergy Managementand Renewable EnergyUtilizationWaste ManagementWater StewardshipPollutant & EmissionsManagement

Trade union/Workers'congressEmployee trainingEmployee activities

ContractsEmployee bene?ts

Product Safety andQualityInnovation-Driven

Customer ServiceInformation Security andPrivacy Protection

Daily operations andinteractionsHotline serviceCustomer satisfactionsurveys

Quality complaintmanagement

Responsible SupplyChainCompliance and RiskManagementInnovation-Driven

Fair Treatment of SMEsCircular Economy

Supplier empowermentSupplier assessment

Green supply chain

Product Safety andQualityInnovation-DrivenCorporate GovernanceCompliance and RiskManagementCustomer Service

Industrial Cooperationand ExchangeCommunity ContributionResponding to ClimateChangeEcosystem andBiodiversity Conservation

Shareholders' meetingInformation disclosurePress releases andannouncementsReasonable pro?tdistribution

Investor interactionchannelsIntellectual propertymanagement systemInvestor on-siteinterviewsCorporate GovernanceCompliance and RiskManagementAnti-bribery andCorruptionAnti-UnfairCompetition

Responding to ClimateChangeEnvironmentalComplianceManagementRural Revitalization

Institutional reviewO?cial correspondencePolicy implementation

Information disclosureCompliance with lawsand regulations

Key StakeholdersIssues of ConcernResponses and Actions

Sustainable Supply Chain

Working GroupSustainable DisclosureWorking Group

Guide and review the formulation of sustainability-related visions, targets, strategies and frameworksDe?ne the Company's annual management plans and targets for sustainable developmentOversee the Company's ESG risk management and progress of sustainability targetsReview the Company's ESG materiality analysis results, related policies and AnnualSustainability ReportSustainabilityManagementCommittee

Sustainability

Promotion

O?ce

Coordinate the Sustainability Working Groupsto advance daily sustainability workIdentify and prioritize material ESG issues andreview main trends, risks and opportunitiesrelated to sustainable development; Advise onsustainability strategies, annual managementplans and targets to the SustainabilityManagement CommitteeMonitor and guarantee the efficiency andtimeliness of the ESG-related risk managementsystem

Organize and coordinatebusiness divisions andfunctional departmentsto launch sustainabilityactivitiesTrack and monitor theimplementation ofsustainable targets andrelated initiatives

Sustainability

WorkingGroups

Employees

Customers

Suppliers

Shareholdersand investors

Governmentsand regulators

Execution Level

2018

2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendixSustainability Strategy and Governance

In 2024, in accordance with the requirements of the Shenzhen Stock Exchange's "Guidelines for Sustainability Reporting," theCompany conducted a dual materiality assessment, evaluating the importance of issues from both impact materiality and ?nancialmateriality perspectives. Our dual materiality assessment process is as follows:

Upon assessment, we have identified a total of five material issues that possess financial significance, namely product safety and quality,responding to climate change, innovation-driven, energy management and renewable energy utilization, and responsible supply chain. Threeof these issues are deemed to have both impact significance and financial significance: product safety and quality, responding to climatechange, and innovation-driven. All material issues identi?ed as signi?cant are addressed in this Report.

Aligned with the 21 issues specified in the Shenzhen Stock Exchange's "Guidelines for Sustainability Reporting," weassessed and formed a list of 25 ESG issues. This was based on global sustainability standards and frameworks (such as GRIand the UN Sustainable Development Goals), international rating industry-related issues, stakeholder views and insights,peer benchmarking of sustainability performance, and analysis of current ESG trends and industry developments, whilealso considering the Company's business model.

Identi?cation

Impact materiality survey questionnaires were distributed to stakeholder groups, including employees, customers,suppliers, and government regulatory authorities. Financial materiality survey questionnaires were distributed to Companymanagement personnel and conducted group discussions with senior management and the sustainability working groupto assess the ?nancial impact of each issue.

Survey

Conducted data analysis and statistics on the survey results, ranking the importance of each ESG issue from both impactmateriality and ?nancial materiality dimensions.Prioritization

The survey results were reviewed and validated by the Company's Board of Directors' Strategy and SustainabilityCommittee and external experts, ultimately forming the GCL SI Dual-material Issues Matrix.Validation

Board Statement

The Board of GCL SI regards sustainable development as the core philosophy for operational and strategic decision-making. We look forward to shaping a sustainability governance structure that is resilient to change and attentive tokey external and internal stakeholders. In doing so, we demonstrate GCL SI's long-lasting commitment as a responsibleenterprise.The Board is the highest decision-making body responsible for supervising ESG-related a?airs. The Board of Directorshas established a Strategy and Sustainability Committee, which reviews and approves ESG and sustainability-relatedstrategies, policies, and targets, taking into account industry insights, corporate operational practices, and the demandsof stakeholders. The Board is also actively involved in ESG training to enhance ESG governance and trend-settingcapabilities, so as to undertake responsibilities for sustainable development more e?ectively.We continue to optimize our ESG governance and regularly review our ESG performance. Moreover, we monitor theprogress of ESG targets and the implementation of initiatives in key areas such as climate change and carbon emissionsmanagement, water management, human capital development, occupational health and safety, anti-corruption andbusiness ethics, and sustainable supply chain. We phase in the integration of key ESG performance indicators intoremuneration assessment, thus motivating the management and employees to advance ESG e?orts.Additionally, the Company has established the Sustainability Management Committee and the Sustainability PromotionO?ce. The Committee oversees the implementation of sustainability strategies, regularly reviews the progress of ESG-related events, and enhances the Company's performance on this front. The Sustainability Promotion O?ce is taskedwith coordinating and advancing sustainability initiatives, identifying and prioritizing ESG issues, proposing suggestionsfor ESG strategies and plans, and supervising the e?ectiveness and timeliness of the ESG risk management system.The Board is committed to maintaining transparent, open, timely and e?cient communication with stakeholders. Afteridentifying material ESG issues, the Company has conducted a materiality assessment based on stakeholder surveysand interviews. The Board has also discussed and approved the result of issue prioritization and the materiality matrix inorder to clarify ESG strategies and governance approaches.The Report is a detailed and honest disclosure of the progress and effectiveness of our ESG performance in 2024, and wasdeliberated and approved by the Board on April 27, 2025. Looking ahead, GCL SI will make every effort to promote ESGperformance, enhance the transparency of information disclosure, and push forward the progress of sustainable development.SocietyGovernance

GCL SI Dual-material Issues Matrix

EnvironmentHigh

Impact signi?cance

Financial signi?canceLowHigh

Ecosystem and BiodiversityConservation

Equal Treatment of SMEs

Labor Rights ProtectionCompliance and Risk Management

Anti-bribery and CorruptionAnti-UnfairCompetition

Information Security andPrivacy Protection

Customer Service

Industrial Cooperationand Exchange

Corporate Governance

Occupational Health and Safety

Water Stewardship

Circular EconomyEnvironmental Compliance ManagementWaste Management

Pollutant &EmissionsManagement

Energy Managementand Renewable EnergyUtilizationEmployee Training and Development

Diversity, Equity andInclusion

Rural Revitalization

Product Safety andQuality

Responsible Supply ChainCommunity Contribution

Innovation-Driven

Responding toClimate Change

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An Industry First, Injecting New Momentuminto Low-Carbon Development

GCL Carbon Chain 2.0

Annual Feature

World's FirstPhotovoltaic CarbonChain Launched

At the launch event, GCL SI unveiled its on-chain product based on the GCL CarbonChain — the "SiRo" Carbon Chain Digital Intelligent Module. The key di?erence between"Carbon Chain Modules" and similar products is that by simply scanning the module'sQR code, users can directly access critical information such as product details, carbonfootprint reports, manufacturing plants, raw material traceability, and ESG reports.This marks the ?rst time in the industry that blockchain technology has been used todynamically trace the carbon footprint of photovoltaic modules.

According to data released at the event, with the support of the GCL Carbon Chain, the minimum carbon value of the carbon chainmodule is 21.3% lower than the industry's technical carbon value, and it is expected to achieve a 13.5% reduction in carbon valuewithin 1-2 years. GCL's "Gemini" high-tech polysilicon and the low-carbon modules manufactured from polysilicon obtained the world'sfirst lowest carbon footprint certification from the French Environment and Energy Control Agency in October 2021 and May 2024,respectively.The establishment of the GCL Carbon Chain platform resonates with the national emphasis on carbon footprint management,providing valuable experience for China in creating a domestic photovoltaic industry green carbon factor database and exploringthe formulation of carbon footprint accounting standards for the photovoltaic industry.

GCL SI Launches "SiRo " Carbon Chain Digital Intelligent Module

In 2024, GCL SI rede?ned its brand philosophy as "Low-Carbon, Technology, andVitality," positioning "Low-Carbon" as the core brand gene, "Technology" as thedriver for sustainable development, and "Vitality" as the concrete manifestation ofthe Company's philosophy. "GCL SI, Born Low-Carbon" is not only our brand sloganbut also a long-term pursuit on the path to sustainable, high-quality development.

Key Supply Chain Links for Carbon Reduction

ModuleSolar CellSiliconWaferSiliconGranulesIndustriaSiliconPowder

Glass, Aluminum, etc

SiliconRod

On June 12, 2024, the world's ?rst photovoltaic carbon chain — GCL Carbon Chain — wasofficially unveiled in Shanghai. This GCL Carbon Chain management platform, jointlydeveloped by GCL SI, GCL Technology, and Ant Group, integrates blockchain digitaltechnology with low-carbon polysilicon technology to continuously and e?ciently amplifythe carbon control and reduction e?ects across the entire photovoltaic industry chain.GCL Carbon Chain is the world's ?rst photovoltaic industry carbon chain managementplatform based on polysilicon technology + blockchain technology + digitalintelligence. Leveraging the digital foundation of blockchain, the platform disclosesand certifies the carbon values, performance, and qualifications of its on-chainproducts, ensuring that product information is traceable, veri?able, trustworthy, andtamper-proof. This fully realizes supply chain traceability, product carbon footprinttracking, and organizational carbon management.

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In May 2024, six star products from GCL SI's TOPCon series modulessuccessfully passed the rigorous audit of T?V Rheinland and wereawarded the ISO 14067 Carbon Footprint Certification. This signifies that

By leveraging the precise identification of raw material usage and carbonemissions enabled by the GCL Carbon Chain, GCL SI has implementedvarious design strategies in the product design phase to reduce raw materialconsumption and lower product carbon emissions. In battery design, GCL SIhas adopted the LECO process and optimized screen parameters, achieving areduction in silver paste consumption by over 30% by the end of 2024 comparedto the beginning of the year. In module design, the Company has introducedcomposite material frames to reduce the use of aluminum, thinned glasspanels, and reduced encapsulant film usage. Additionally, GCL has developed?exible modules without glass to minimize the use of frames and glass, therebycomprehensively lowering the carbon emissions of module products.

Case

Case

ExpandingCarbon ChainApplications

GCL SI continues to expand the breadth and depth of applications for the GCL Carbon Chain,launching the second phase of the project in September 2024. Focusing on dynamic carbonaccounting on-chain, employee carbon incentive platform development, creating a comprehensivecarbon management dashboard, and supply chain collaboration for carbon reduction, theproject aims to enhance GCL's carbon management capabilities across products, operations, datavisualization, and employee engagement through technological innovation and managementoptimization. This drives the implementation of carbon accounting in operational entities, ?rmlyexecuting carbon reduction plans and exploring the most e?ective pathways for carbon reduction.Six TOPCon Star Products Awarded ISO 14067Carbon Footprint Certi?cation

Reducing Raw Material Consumption and CarbonEmissions Through Product Design

Organizational CarbonManagementCreating a CarbonDashboard

GCL SI has achieved comprehensive coverage and dynamic on-chain management oforganizational carbon accounting, covering all operational sites and emission categories.This builds a solid data foundation, enabling re?ned carbon management and scienti?callyplanning carbon reduction routes and management measures.GCL SI has developed a carbon dashboard to display the Company's comprehensive dataperformance in carbon assets, organizational carbon, product carbon, and employee carbonfootprints. By presenting intuitive and quantified data, the dashboard enhances the entireworkforce's awareness of energy-saving and carbon reduction goals, pathways, and actions,promoting a deep-rooted low-carbon consciousness.

Carbon DashboardISO 14067 Product CarbonFootprint Certi?cate

Product CarbonFootprintManagement

The Company effectively monitors and manages carbon emissions throughout thelifecycle of cells and modules via the "Carbon Chain Module" platform.

The Company comprehensively considers the impact on resources andthe environment caused by the selection of raw materials, production,transport, recycling and disposal, as well as corresponding potentialcarbon emissions. By minimizing hazardous raw materials, we are activein procuring green raw materials such as FBR polysilicon, for a green, low-carbon and circular product chain.

Low-carbon design and raw material procurement

GCL SI phases in automation and intelligence projects to reduce productcosts and raise e?ciency, thus trimming product carbon emissions.

Product manufacturing

the GCL Carbon Chain platform,utilizing blockchain technology,has fully integrated raw materialtraceability with product carbonfootprint certification. Certified bythe international standards of T?VRheinland, the carbon footprintof GCL's module products is nowaligned with and recognizedinternationally. This achievement notonly consolidates GCL SI's pioneeringposition in the global photovoltaicindustry's green transformation butalso injects significant momentuminto the industry's journey towardcarbon neutrality.

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Value Chain Collaboration for Carbon Reduction

While advancing operational decarbonization, GCL SI is committedto reducing carbon emissions across its value chain. This includesstrengthening supplier greenhouse gas (GHG) management,empowering partners and customers in their green transition, andsteering the entire ecosystem toward a low-carbon, sustainable future.Aligned with its sustainability vision, GCL SI is accelerating the low-carbon transformation of its photovoltaic supply chain. Through the"GCL Carbon Chain 2.0" platform, the Company has identi?ed fourglass and aluminum material suppliers with high carbon footprintsfor targeted emission reduction. By conducting in-depth carbonaudits, the Company has pinpointed efficiency improvementopportunities and supported these suppliers in implementing

At the client level, GCL SI delivers comprehensive decarbonization support through high-quality products and industry-leadingsolutions. By offering differentiated, customized, and digitally intelligent "One-Stop Smart Green Energy System IntegrationServices", the Company enables clients to optimize energy structures, improve energy utilization e?ciency, and accelerate theirgreen transition, fostering collaborative progress toward a low-carbon, sustainable future.

In February 2025, GCL SI conducted a carbon management training program for 10 glass and aluminum suppliers, focusingon Life Cycle Assessment (LCA) methodologies for product carbon foot printing. The training provided a comprehensivebreakdown of carbon emission accounting across the entire lifecycle—from raw material procurement and productionprocesses to product usage and end-of-life disposal—with an emphasis on critical aspects of carbon data collection andcalculation. Through this training, suppliers have e?ectively mastered carbon accounting skills, enabling them to accuratelycalculate the carbon emissions of their products throughout the entire life cycle. This allows them to identify opportunitiesfor carbon reduction and provides a solid basis for subsequent carbon reduction actions. This not only helps GCL SI and itssuppliers to stay in sync on the path of green transformation but also facilitates e?ective management of suppliers by GCLSI, promoting in-depth cooperation between both parties in the ?eld of sustainable development. For details on GCL SI'ssupplier management, please refer to the "Responsible Supply Chain" section of this Report.

In 2024, GCL SI partnered with global leading companiessuch as Mercedes-Benz, Huawei, and Budweiser to createthe "Zero-Carbon Partner" video series, centered aroundthe concept of low-carbon development. This series tellsstories of how GCL SI's products drive green transformationsfor customers, bringing the vision of "bringing green energyinto life" to reality. It highlights GCL SI's brand philosophyof "Low-Carbon, Technology, and Vitality." By the endof 2024, the "Zero-Carbon Partner" series had released11 episodes, covering industries such as automotive,telecommunications, food and beverage, and construction.

GCL SI Enhances Supplier Carbon Management Capabilities Through Targeted Training

Launching the "Zero-Carbon Partner" Series, expanding the partnership

"Zero-Carbon Partner" Branding Series

Case

Case

Low-Carbon Culture Building

GCL SI is committed to building a corporate low-carbon culture and carbon ecosystem,creating an employee carbon incentive platform called Carbon Planet. On January 18,2025, Carbon Planet was officially launched. This platform, following the world's firstphotovoltaic industry carbon footprint management platform, marks another exemplarypractice in sustainable development by GCL SI.The employee carbon incentive platform establishes a mechanism for voluntary carbonreduction that is "recordable, measurable, rewarding, and recognized". It quanti?es andassigns value to individual employees' energy-saving and carbon-reducing behaviors,creating a positive guidance mechanism that combines commercial incentives and policyencouragement to build a consensus on carbon reduction among all employees.Our Carbon Planet platform features four low-carbon scenarios — "Green O?ce," "GreenLife," "Green Learning," and "Green Travel" — with multiple speci?c reduction actions.Employees can check in and earn carbon points for participating in these actions. Thesepoints can be redeemed for gifts and membership bene?ts, further motivating employeesand fostering good habits of low-carbon behavior in daily life and work.

energy-saving upgrades and low-carbon operations. Additionally,GCL SI has established collaborative agreements with suppliersto promote the recycling of packaging materials, such as woodenpallets, paper tubes, and lining boards, e?ectively reducing carbonemissions in logistics and packaging processes.Moving forward, GCL SI will deepen collaboration with suppliers byintegrating advanced green technologies and management tools,such as AI-driven carbon accounting systems and green financingsolutions. These e?orts aim to enhance supply chain transparency,drive continuous improvement in sustainability performance,and provide robust support for the green development of thephotovoltaic industry.

Low-Carbon Scenarios and Reduction Actions on "Carbon Planet"

Save paperTravel & transportationTravel & accommodation

GreenO?ce

Eco-friendly co?eeClean plate campaign

Fitness check-in

GreenLife

Online learningGreen knowledge training

GreenLearning

SubwayCycling

GreenTravel

Beyond helping employees adopt low-carbon lifestyles, the "Carbon Planet" platform leveragesthe real-time data collection capabilities of the GCL Carbon Chain to accurately record the carbonreduction from each low-carbon action and generate transparent and credible data records.These data not only provide personalized feedback on low-carbon behaviors for employees butcan also be aggregated into a comprehensive corporate carbon management report, offeringaccurate data support and a scienti?c basis for the Company's green development strategy.The launch of the employee carbon incentive platform "Carbon Planet" has not only driven profoundchanges in green management and corporate culture within GCL SI but also demonstrated theCompany's leadership in technological innovation and low-carbon practices. The Company willcontinue to deepen the integration of digitalization and green low-carbon development, centeredaround the GCL Carbon Chain and the employee carbon incentive platform, to build a more robustlow-carbon ecosystem and further solidify the Company's leadership in sustainable development.GCL SI Employee CarbonIncentive Platform"Carbon Planet"

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Rede?ning E?ciency Limits, Powering Global GreenTransition with High-Performance PV System Integration

Innovation in Action

GCL SI is dedicated to providing global clients with a diversified product portfolio for the pursuit ofhigh-efficiency, reliable, and innovative photovoltaic solutions. Building on our robust capabilities inR&D, product development, technological innovation, and capital resources across the photovoltaicindustry chain and the renewable energy sector, GCL SI focuses on delivering full lifecycle green energysolutions. We specialize in continuous innovation across key areas including high-e?ciency PV moduleR&D, system integration design, and technical consulting. We supply global clients with photovoltaicsystems based on TOPCon, GPC2.0, and other high-e?ciency cells and modules, delivering higher powerdensity, better system compatibility, and stronger resilience across diverse scenarios. Additionally, weprovide di?erentiated, customized, and digitally intelligent "One-Stop Intelligent Green Energy SystemIntegration Services", delivering industry-leading comprehensive renewable energy solutions. Throughthese efforts, GCL SI remains steadfast in advancing its mission to contribute to the global transitiontoward green energy.

Advancing BC Technology，Powering Smarter PV E?ciencyAs the PV industry accelerates toward high-efficiency and scenario-specific applications, GCL SI officially launched its GPC2.0module on December 26, 2024. Built on back-contact (BC) technology, this product delivers more e?cient and reliable solutions fordistributed PV markets, meeting core customer needs for higher returns, stronger adaptability, and stable performance.

These technological breakthroughs have signi?cantly enhanced the performance of GCL SI's GPC2.0 high-e?ciency PV module,strengthening its competitiveness in the distributed PV market. The module e?ectively addresses customers' core demands for highreturns, strong compatibility, and stable operation, providing reliable assurance for the e?cient power generation and long-termstable performance of distributed PV projects.Driven by GCL SI's technological innovation, the GPC2.0 high-e?ciency module continuously breaks through traditional limitations.Through the application of cutting-edge technologies, it signi?cantly improves module e?ciency and reliability, enhances stability anddurability in complex environments, and delivers greater power generation value and broader application scenarios for customers.

GCL SI unveils groundbreaking GPC2.0 high-e?ciency PV module

4 Key Tech Advantages of GCL SI's GPC2.0 High-E?ciency PV Module

Reduced Recombination Losses: AdvancedPassivation Technology

Improved Photoelectric Conversion: Fluidized Bed

Reactor (FBR) Granular Silicon

Enhanced Current Collection: GPC Metallization

TechnologyThe GPC2.0 module employs composite tunnelpassivation contact technology and proprietary high-efficiency passivation film processes, achievingcomprehensive passivation enhancement. By re?ning thepyramid texture and integrating ultra-low-temperatureamorphous silicon deposition technology, the moduleforms high-quality passivation layers for increased powergeneration. Non-damaging laser patterning passivationtechnology further minimizes passivation layer damage,e?ectively reducing recombination losses.

Enhanced Light Absorption: Multi-layer GradientDielectric Film Technology

The GCL SI GPC2.0 high-efficiency module appliesmulti-layer gradient dielectric film technology, whichoptimizes the film layer ratio to reduce parasiticabsorption losses. Combined with a high light-trappingpyramid texture, it achieves a re?ectivity below 0.8%,signi?cantly enhancing light absorption e?ciency

Leveraging GCL SI's integrated supply chain, the GPC2.0module utilizes in-house developed high-purity,low-impurity FBR granular silicon. This innovationcontinuously improves the minority carrier lifetimeof base materials, boosting photoelectric conversione?ciency while e?ectively lowering the module's carbonfootprint, aligning with GCL SI's low-carbon DNA to drivelifecycle carbon reduction across the PV industry.

The GPC2.0 module adopts micron-level metallizationpatterning and the industry-first Selective Laser-Induced Fluorescence (LIF) technology. Combined withbusbar-free (0BB) technology and innovative ?ne griddesign, it optimizes current transport structures tomaximize current collection e?ciency.

Annual Feature

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GPC2.0 technology not only empowers GCL SI's product upgrades but also delivers significant value to the entire PV industry.Through three-dimensional innovation in capacity, revenue, and reliability, GCL SI has achieved breakthroughs:

GPC2.0 modules increase poweroutput by 30W compared toconventional technologies, achievinga 4.8% capacity gain under the sameinstallation area, unlocking greaterspatial value for commercial andindustrial rooftop applications.

With equivalent levelized cost ofenergy (LCOE) over the lifecycle,the system cost advantage reachesapproximately 10%, creating addedvalue for partners.

The innovative linear ribbon designreduces cell microcrack risks. Combinedwith anti-shading technology, it lowersmodule temperature by 20℃, enhancesmaterial durability, and minimizes hotspot risks, ensuring robust performancein harsh environments.

With its outstanding technologicalinnovation and superior productperformance, the GPC2.0 high-e?ciency module of GCL SI has gainedwidespread recognition globally.Going forward, GCL SI will continue toprioritize technological innovation asits core driver, constantly advancingthrough innovation to extend high-e?ciency bene?ts to every ecosystempartner. By empowering users toreduce the levelized cost of energy(LCOE) in PV systems, GCL SI willcontribute more "GCL Intelligence" toglobal energy transition e?orts.

Capacity DimensionRevenue EnhancementReliability

Performance Advantages of GPC2.0 High-E?ciency Module

First-year degradationrate below 1%, linearpower degradation rateunder 0.35%, ensuringhigh-e?ciency powergeneration throughoutthe module's lifecycle.

As of February 2025, theGPC2.0 cell conversione?ciency exceeds

27.5%, maximizing light

utilization to enhancepower output.

Busbar-free front designachieves minimalistaesthetics, improvingvisual appeal.

Integrated with GCLCarbon Chain SystemPlatform for precisecarbon tracking,supporting sustainablePV industry development.

Low Degradation RateHigher Energy YieldPure AestheticsGreen & Low-Carbon

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CreatingInnovativeSolutions

GCL SI has developed comprehensive renewable energy solution capabilities and hasaccumulated rich project experience in integrated photovoltaic (PV), wind, energystorage, and hydrogen solutions, source-grid-load-storage integration, distributedPV, rural energy supply and intelligent energy storage integrated solutions.

An operational model that provides an integrated solutionof "power source, grid, load, and energy storage,"addressing issues such as grid fluctuations during theintegration of clean energy.

Source-Grid-Load-Storage Integration

Constructed sites near users, these PV facilities operateon a self-generation and self-use basis, with surpluselectricity fed into the grid, characterized by balancingand regulating the distribution system.

Distributed Photovoltaics

Grid-side energy storage systemsenable intelligent load management byperforming peak shaving and frequencyregulation based on real-time gridconditions. They ensure stable operationof transmission and distributioninfrastructure while maximizing theintegration of renewable energysources. This critical support facilitatesthe development of next-generationpower systems capable of handling highshares of variable renewables.

Grid-Side Energy Storage

Energy storage systems on the generationside provide energy storage and outputmanagement capabilities. They optimizepower generation profiles, reducecurtailment of wind and solar power, andincrease the proportion of renewableenergy in the grid. Additionally, thesesystems deliver inertia control, peakshaving, and frequency regulation,thereby enhancing grid stability andaccelerating the transition to cleanerenergy structures.

Generation-Side Energy Storage

In areas surrounding cities such as logistics parks, industrialparks, holiday resorts, and transportation hubs, integratedenergy services are provided, including charging, swapping,hydrogen refueling, after-sales service, experience, andtrading for cars and trucks, combined with PV, energystorage, and hydrogen refueling.

Comprehensive Energy Services

User-side energy storage systems provideefficient energy management servicesby leveraging business models such aspeak shaving, demand response, and loadoptimization to signi?cantly reduce lifecycleelectricity costs. These systems also extendto innovative applications including backuppower for communication base stations,solar-storage-EV charging integration, andvirtual power plant (VPP) participation,enhancing power supply reliability anddriving the rapid transformation of modernpower systems through decentralized,?exible energy solutions.

User-Side Energy Storage

Designs rural new energy solutions, includingsmart agriculture, household new energy systems,and smart transportation, empowering theconstruction of zero-carbon beautiful rural areas.

Rural Energy Supply

Large-scale wind power bases and distributed windturbines are established in areas with favorablewind conditions, such as coastal islands, grasslandpastures, Gobi deserts, and mountainous regions,tailored to local conditions.

Wind Power BasesOptimizes the conversion and storage of new energysources to fully utilize renewable energy supply. This notonly helps to absorb more abandoned wind and solarresources on the power generation side but also enhancesthe stability, reliability, and capacity of renewable energygrids to accommodate distributed power sources.

Integrated PV-Wind-Energy Storage-Hydrogen

GCL SI Solution Capacity

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With the continuous advancement of large-scale windpower base construction in Northeast, North, andNorthwest China region, the siting conditions for windfarms have become increasingly stringent, leading to agrowing number of complex mountainous wind powerprojects. This presents more complex and variablechallenges for design and construction. In responseto this situation, the GCL Green Energy project teamconducted in-depth research on key technologiesin the field of complex mountainous wind powergeneration for an integrated source-grid-load-storagewind power project. A dedicated research group wasestablished to visit the site multiple times, optimizethe technical solutions across multiple iterations, andpropose location-specific solutions in wind resourceoptimization and energy control management systemconstruction. Based on the research findings, theconstruction plan was timely adjusted and optimized,effectively improving the wind power generationefficiency of the project and reducing constructioncosts. This demonstrates the Company's strongdesign and technical capabilities in large-megawattwind power and complex onshore (mountainous)wind power projects. Once completed, the projectis expected to generate over 970 million kWh ofelectricity annually.

Achieving Key Technologies toSupport Integrated Source-Grid-Load-Storage Wind Power Projects

Case

Overseas PV Power Plant Projects

Mountainous Power Plant Projects

Distributed PV Projects

Fishery-PV Projects

Jinchang, Gansu, Energy Storage Power Station Project

Concentrated PV Power Plant Projects

Baiyang Lake Integrated Solar-Storage-EV Charging

Station Project

Pastoral PV Projects

Jiangning, Nanjing, Energy Storage Power Station Project

Agrivoltaic Projects

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「N」ature

GCL SI takes a forward-looking approach to green and sustainable development, anticipatinggreater potential for ecological protection. The Company, in alignment with the Paris Agreementand the disclosure framework of the Task Force on Climate-related Financial Disclosures (TCFD),actively assesses and addresses climate risks by formulating climate risk response strategies. Wehave implemented multiple measures in energy management, pollutant management, waterresource management, biodiversity protection, circular economy, and waste management tomitigate the negative impact of our production and operations on the environment.

Continuously enhance the environment for human survival— let green become both a lifestyle and a state of being.

Strategic Targets and Annual Performance

Strategic GoalsIndicator2024 PerformanceUnit

Contribution to the United Nations Sustainable Development Goals

Based on 2024, reduce absolute Scope 1and Scope 2 emissions by 64.7% by 2035.

Scope 1 & Scope 2 Emissions

Tonnes of CO

equivalent

520,487.27Based on 2024, reduce carbon emissionsfrom purchased goods and services per unitof production in Scope 3 by 66.3% by 2035.

Scope 3 Emissions fromPurchased Goods andServices per Unit ofProduction

Tonnes of CO

equivalent/MW

623.31

Based on 2024, achieve an average annual5% year-on-year reduction in productcarbon footprint by 2030.

Average Product CarbonFootprint

kgCO

e/kW394.85Provide all required product carbon footprintinformation to customers using the GCLCarbon Chain platform at least until 2030.

Product Carbon FootprintCoverage

%71.43Based on 2024, maintain an annual 5%reduction in electricity consumption per unitof product compared to the previous year atleast until 2030.

Electricity Consumption perUnit of Product

MWh/MW27.70Based on 2023, reduce waste generation perunit of output by 30% by 2030.

Waste Generation per Unit ofOutput

Tonnes/MW1.45Based on 2024, reduce water consumptionper unit of output by 8% by 2030.

Water Consumption per Unitof Output

Tonnes/MW175.52Achieve a 100% recycling rate for solar cellpackaging materials by 2030.

Recycling Rate of Solar CellPackaging Materials

%76.41

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Responding to Climate Change

GCL SI views climate action as an essential support for the Company's sustainabledevelopment. With reference to the TCFD disclosure framework, we have constructeda climate change management system around four dimensions: governance, strategy,risk management, and metrics and targets. In actively responding to internationalinitiatives and domestic policies, GCL SI conducts GHG emission audits, and setsemission reduction targets, aiming to demonstrate the Company's determinationand commitment to emission reduction. We have adopted various energy-savingmeasures to achieve our emission reduction targets on schedule. In addition, GCLSI actively promotes comprehensive energy lifecycle management of products, andcreates green and low-carbon products to minimize resource consumption.Climate GovernanceGCL SI continuously improves the climate governance structure, with the Board ofDirectors serving as the central body responsible for climate issues, and regularly reviewingand assessing climate-related risks and opportunities. The Strategy and SustainabilityCommittee is responsible for overseeing the Company's overall climate strategy, goals, andrelated major issues. Under this committee, the Company has established a SustainabilityManagement Committee and a Sustainability Promotion O?ce, which are responsible formanaging specific climate governance issues. There is a Climate Action Working Groupwithin the Sustainability Management Committee and the working group is responsible formanaging climate risks and opportunities.

In accordance with domestic and internationalsustainability standards and trends, as well as ourbusiness development and factory layout, GCL SIidentifies and assesses climate-related risks andopportunities and makes materiality assessments toform a list of climate change risks for annual review bythe Board of Directors.

GCL SI matches each climate-related risk andopportunity with the respective functional departmentsand business units. At the same time, the SustainabilityPromotion Office coordinates the establishment of aresilient climate risk management system.

Climate Strategy

With reference to the TCFD risk analysis framework, and taking full consideration ofdomestic and international trends and the concerns of various stakeholders, CGL SIhas identi?ed transition risks and physical risks related to the Company's operations,and has formulated corresponding measures for related risks and opportunities.

Climate risk identi?cation and assessment mechanismClimate risk response mechanism

GCL SI has incorporated climate risk into the corporate risk management processStrategy andSustainabilityCommittee

The highestdecision makerand governancebody for theCompany'sclimate action

Oversee the overall sustainable development strategy and related major issues ofthe Company.Study and propose recommendations for the Company's major investment and?nancing plans, major capital operations, and asset management projects.Review the Company's sustainable development (including climate) strategy, goals,issues and policies, and risk management situation.SustainabilityManagementCommittee

The decision-making body andmanagement ofthe Company'sclimate action

Guide and develop climate strategy and structureFormulate annual climate management plan and targetsApprove signi?cant climate-related risk issues and corresponding policiesSustainabilityPromotion O?ce

Identify and prioritize climate-related risks and opportunities of the CompanyReview climate-related disclosureEstablish an appropriate and e?ective climate risk management frameworkClimate ActionWorking Group

The coordinatingbody of theCompany'sclimate action

Organize, implement, coordinate, execute, and validate the Company's climate projectsManage climate-related matters and risks in the daily operations of variousdepartments and business unitsResponsible for climate-related campaigns and external engagement activities

LevelPositioningResponsibility

GCL SI Climate Governance Structure

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Climate Risk and Opportunity Management

Risk TypeRisk Factor

PotentialFinancial Impact

Description of PotentialFinancial Impact

Solutions

Physical Risk

Climate disasters(short-term)

A?ect production,transportation,the value of?xed assets,and increaseoperating costs

Typhoons, ?oods, and othernatural disasters can lead to safetyaccidents, forced productionshutdowns, and increasedtransportation costsImpairment of Fixed Assets

Optimize transportation modesFormulate emergency plans forextreme weather events, conductemergency drills and increase thereserve of emergency suppliesClimate change(long-term)

Impactproductionand increaseoperating costs

Sustained high temperaturescause abnormal power supply andincrease high temperature expensesSea level rise increases thelikelihood of relocation orstructural changes of productionbases located in coastal areas

Increase local procurementImprove energy e?ciency in the factories

Transition Risk

Laws andregulations(short-term)

Increaseoperating and?nancing costs

The increase in carbon marketprices and the implementationof carbon taxes lead to higheroperational and procurement costsViolating laws and regulations canbring penalties

Strictly comply with the regulationsof the country where we operate andwhere products are sold, and regularlymonitor changes in relevant policiesand regulationsEstablish a comprehensive compliancesystem and safeguard mechanismTechnologicalchanges(medium- term)

Increase operatingcosts, and increaseinvestment in R&D

Upgrade energy-saving equipmentCosts associated with outdatedtechnology

Improve energy usage e?ciency andimprove product production e?ciencyPursue independent innovation andattract technical talentsMarket changes(medium- term)

Increaseoperating costsand a?ect theCompany'sreputation

Reduction in market subsidiesleads to an increase in direct costsThe Company may su?er frompoor reputation and negativeperformance due to inadequate

Actively communicate withstakeholders, respond to marketand customer expectations forsustainability, and enhance corporateperformance in this area

For the identi?ed climate risks, GCL SI has established targeted environmental and climate risk prevention and control measures, as well asemergency management systems in order to enhance the ability to respond to climate change.We continue to monitor the potential impact of climate change on our business and the upstream and downstream of the industrial chain.Based on this, we conduct training on climate change and emission reduction issues for suppliers to enhance the climate resilience of thesupply chain. In 2024, GCL SI Carbon Chain Module system is implemented to track the end-to-end lifecycle product "carbon footprint"from production to transportation, sales, and use. Relying on the Carbon Chain, the Company has also achieved online management oforganizational carbon. For details, please refer to the annual special feature in this report "GCL Carbon Chain 2.0 — An Industry First, InjectingNew Momentum into Low-Carbon Development".GHG Management

Based on the SBTi methodology, and our own strategy and operational planning, theCompany has set GHG emission reduction targets and established the GHG emissionreduction roadmap.

Climate Risk Matrix

GCL SI's Targets for Carbon Emissions ReductionBy 2035, reduce absolute scope1 and 2 GHG emissions 63% fromthe 2024 level

-63%20352024

By 2035, reduce production-basedScope 3 carbon emissions frompurchased goods and servicesfrom the 2024 level

-66.3%20352024

Climate Opportunity MatrixOpportunity

Type

Potential Financial

Impact

Description of Potential Financial ImpactSolutions

Policy

Increase operatingincome

The country has introduced policies topromote energy structure transformationand encourage the use of newenergy, bringing broad developmentopportunities for photovoltaic enterprises

Increase investment in R & D to improveproduct performance and providecustomers with cleaner and moree?cient products and services

Market

Enhance thecorporate reputation,increase ?nancingopportunities, andboost the operatingrevenue

Capital markets and rating agenciesemphasize the level of corporate climatemanagement, and companies withexcellent management are more likely tohave access to ?nancing opportunitiesIncreased demand for low-carbonproducts and services leads to growth incompany revenues and pro?ts

Establish a comprehensive climatemanagement framework to enhance climategovernance and rating performanceRely on the "GCL Carbon Chain", realizee?cient product carbon footprintmanagement and enhance productcompetitiveness

Technology

Reduce operatingcosts

Accelerate the application of cleanertechnologies and the use of cleanerenergy to reduce the cost of energy use

Promote the construction of photovoltaicpower station in the plant, and increasethe proportion of clean energy useImplement of energy-saving technologicalreforms to improve energy e?ciency

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Disclosure itemUnit20232024

Scope 3 GHG EmissionstCO

e14,408,777.6221,949,731.60Upstream Scope 3 GHG EmissionstCO

e13,838,679.6621,204,325.38-Purchased Goods and Services tCO

e13,789,146.1521,060,374.19-Capital Goods tCO

e19,678.5337,792.35-Fuel and Energy-Related Activities tCO

e7,956.2819,919.88-Upstream Transportation and Distribution tCO

e13,190.4679,683.47-Waste Generated from Operations tCO

e1,862.563,731.24-Business Travel tCO

e3,986.411,319.45-Employee Commuting tCO

e1,110.01531.81-Upstream Leased Assets tCO

e1,749.26972.99Total Scope 3 Greenhouse Gas Emissions Downstream tCO

e570,097.97745,406.22-End-of-Life Treatment of Sold ProductstCO

e570,097.97745,406.22

In 2024

GCL SI Scope 3 total GHG EmissiontCO

e21,949,731.60

Emissions from purchased goods and servicestCO

e21,060,374.19

Percentage of emissions frompurchased goods and servicesin the total Scope 3 emissions

95.95%

Disclosure itemUnit202220232024

Scope 1 GHG emissionstCO

e325.871,309.951,295.60Scope 2 GHG emissions (location-based)tCO

e87,669.92250,992.40475,748.90Scope 2 GHG emissions (market-based)tCO

e-248,867.51519,191.67Total Scope1 and Scope 2 GHG emissions (location-based)tCO

e87,995.79252,302.35477,044.50Total Scope1 and Scope 2 GHG emissions (market-based)tCO

e-250,177.45520,487.27Revenue-based Scope 1 and Scope 2 GHG emissionintensity (location-based)

tCO

e/RMB 10,000-0.160.29Revenue-based Scope 1 and Scope 2 GHG emissionintensity (market-based)

tCO

e/RMB 10,000-0.160.32Production-based Scope 1 and Scope 2 GHG emissionintensity (location-based)

tCO

e/MW-13.5314.12Production-based Scope 1 and Scope 2 GHG emissionintensity (market-based)

tCO

e/MW-13.4115.40

GCL SI Scope 1 and 2 GHG Emission Performance in 2022-2024

1,2

GCL SI Scope 3 GHG Emission Performance in 2024

GCL SI has prioritized GHG inventory and management. In 2024, GCL SI engaged a third-party agency to conduct a GHG emissionsinventory in accordance with the GHG Protocol, covering GHG emissions from both operations and the upstream and downstreamchains. Relying on the "GCL Carbon Chain," the Company has achieved dynamic and precise online management of organizationalcarbon data, further enhancing its carbon emission management capabilities. The Company will continue to advance carbonreduction in its operations and supply chain in a phased and focused manner to achieve its greenhouse gas emission targets.

GCL SI's Carbon Reduction Pathway

Scope 1 &

Scope 2

Energy E?ciency Improvement: Lighting optimization, air conditioning optimization, equipment parameteroptimization, thermal insulation retro?tting, etc.Energy Optimization: Installation of on-site photovoltaic power stations.Procurement of Renewable Energy: Actively purchasing and using renewable energy electricity.

Scope 3

Replacement of Granular Silicon: Increasing the utilization rate of granular silicon as a raw material.Replacement of Primary and Secondary Materials: Continuously optimizing the procurement of raw materials,reduce the carbon emission per unit of purchased raw materials and reduce the quantity of raw materials purchased.Supplier Advocacy: Setting overall carbon reduction targets for upstream suppliers and raising the entry standard;encouraging leading suppliers to establish and implement SBTi targets.

In 2024, GCL SI calculated greenhouse gas emissions data based on operational control during the Reporting Period. The scope includes the SuzhouManagement Center, three production bases (Hefei GCL, Wuhu GCL, Funing GCL), GCL Energy Storage, GCL Green Energy, and GCL SI offices inBeijing, Japan, and Munich. Scope 1 and Scope 2 GHG emissions data for 2024 have been validated by a third-party organization.

Due to GCL SI's signi?cant production capacity expansion in 2024, greenhouse gas emissions increased notably. The Company will continue toexplore and implement diversi?ed emission reduction measures to fully achieve its emission reduction targets.

Sourced from the inventory data, the Scope 3 emission categories related to GCL SI include purchased goods and services, capital goods, fueland energy-related activities, upstream transportation and distribution, waste generated from operations, business travel, employee commuting,upstream leased assets, and disposal of sold products at end-of-life.

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Product Lifecycle Management

Adhering to the principles of sustainable development, GCL SI fosters greenmanagement throughout the product lifecycle, proactively developing eco-friendlyproducts, minimizing resource use, and advancing the circular economy andsustainable practices.

Introduce the ecological concept in product design, carry out self-evaluation ofecological design in accordance with GB/T 24256 "General Rules for Product EcologicalDesign" and GB/T 32161 "General Principles for Eco-design Product Assessment ", andform audit reports.

Select suppliers who have obtained product carbon footprint certi?cation or whoseproducts have a lower carbon footprint, and require all procurement parties to signtheLetter of Commitment on Safety and Environmental Protection.

Emphasize green lean production and enhance energy e?ciency in the manufacturingprocess through technological upgrades.

In 2024, without compromising product performance, the Companycontinued to reduce resource consumption per unit of product, such assilver paste, HF, HCl, and hydrogen peroxide in battery products, andaluminum frames, glass, and encapsulant films in module products.Additionally, the Company introduced water-based ?ux to reduce the useof toxic and harmful substances. Water-based ?ux is an environmentallyfriendly flux that does not contain volatile organic solvents. It usesdeionized water as the main solvent and is free from halogens, rosin, andresins, o?ering signi?cant ecological and environmental bene?ts.

In addition to increasing the procurement ratio of silicon granuleswith lower carbon emissions, the Company also actively empowers itsauxiliary material suppliers to reduce carbon emissions. In 2024, theCompany selected 4 glass and aluminum suppliers for inclusion in itscarbon reduction program, empowering suppliers to improve their ESGperformance while promoting the development and innovation of agreen and transparent supply chain.

To reduce carbon emissions in the production process, the Companyoptimized its manufacturing processes. In 2024, it adopted low-temperatureamorphous silicon deposition technology in battery production, successfullyreducing the deposition temperature from the traditional 610°C to 550°C.Test results showed that while maintaining high levels of photovoltaicconversion e?ciency, energy consumption in the production process wasreduced by 30%, and carbon emissions were lowered by 25%.Continuous Implementation of Green Product DesignCase

Case

CaseGreen Design

Green Procurement

Green Production

Rationally plan the layout of the factory area, implement intermodal transportation,optimize transport routes, and take other measures to continuously improve the resourceutilization e?ciency of logistics links such as containerization, storage, and transportation,and accelerate the construction of a digital and low-carbon logistics industry chain.

The Company continuously optimizes logistics operations to reduceenergy consumption and carbon emissions. In international logistics,for short-sea routes, it prioritizes direct shipments from nearby portsto reduce transportation distances. For long-haul routes, it uses acombination of sea-rail, inland barge, and road-to-water transportationto replace road-only transport. In 2024, the Company adoptedmultimodal transportation for over 95% of its domestic segments ininternational logistics operations.In domestic logistics, especially for long-distance transport, the Companyadopts road-rail intermodal transport to reduce the frequency of dieseltruck usage. By the end of 2024, the proportion of road-rail intermodaltransport had increased to 34%, up 11% from the previous year, reachingan industry-leading level.

Decarbonization in Domestic and International LogisticsCase

Green Logistics

Developing Low-Temperature Amorphous SiliconDeposition Technology to Reduce Energy Consumption

Actively Carrying Out the Green Procurement of Mainand Auxiliary Materials

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Maximize the recycling and reuseof discarded modules and productpackaging materials, promote the circulareconomy, and enhance the resourceoutput rate and recycling utilization rate.

To enhance employees' understandingof key issues such as climate changeand energy conservation, the Companyactively conducts ESG training for itsworkforce. In 2024, the coverage rateof low-carbon related training amongemployees reached 100%.

Recycling and environmentally friendly disposal of wastephotovoltaic modules are key to achieving a green closed-loop in the photovoltaic industry. GCL SI is committedto developing a circular economy by exploring recyclingand high-value regeneration pathways for "retired"photovoltaic modules. It actively engages in modulerecycling projects, strictly adhering to the EuropeanUnion's Waste Electrical and Electronic Equipment (WEEE)directive for proper disposal of waste photovoltaic modulesand obtaining organizational certification. Additionally,the Company has joined the PV CYCLE organization as amember, working with external partners to drive e?ectiverecycling and utilization of waste modules.

On December 31, 2024, Tu Jianbang, Deputy Director of the SustainabilityPromotion O?ce at GCL SI, delivered a special training session titled "GCL SI'sESG Practices and Strategies" to all employees. Department heads attendedin person, while other sta? participated online.Starting with global ESG trends, Tu provided an in-depth analysisof international policy dynamics and industry best practices, thensystematically elaborated on the Company's ESG core initiatives andachievements aligned with its strategic roadmap. The training aimed toenhance cross-functional understanding of ESG principles, strengthenaccountability awareness, and establish the groundwork for deepeningESG practices and advancing green transformation at GCL SI.

Conducting Company-Wide ESG TrainingCase

CaseGreen Recycling

Environmental Compliance ManagementGCL SI strictly complies with the requirements of laws and regulations such as theEnvironmental Protection Law of the People's Republicof China, Air Pollution Prevention and Control Law of the People's Republic of China, Water Pollution Prevention and Control Law of thePeople's Republic of China, and Solid Waste Pollution Environment Prevention and Control Law of the People's Republic of China.TheCompany continuously improves its environmental management system to ensure compliance. In 2024, Hefei GCL SI formulated andreleased the Environmental Management System Regulations, which standardize the management of wastewater, exhaust gas, and solidwaste (the "three wastes") generated by the module business unit's production bases. This ensures that the discharge and disposal ofthe "three wastes" meet legal requirements and comply with relevant environmental standards. Funing GCL SI formulated and releasedtheEmergency Response Plan for Sudden Environmental Incidents,which enhances personnel emergency response capabilities andcontrols the impact of environmental incidents. Wuhu GCL SI revised theSolid Waste Management Regulations,further detailing thetypes of solid waste and supplementing and improving hazardous waste disposal methods to ensure compliant disposal of solid waste.

GCL SI has established environmental management departments at all production bases, responsible for managing environmentalaffairs across their respective factories. As of the end of the Reporting Period, the Hefei GCL SI, Funing GCL SI, and Wuhu GCLSI factories have all obtained ISO 14001 Environmental Management System Certification and successfully passed their annualreviews, with a coverage rate of 100% of the photovoltaic module-related production bases.GCL SI also actively conducts risk assessments for potential environmental incidents and formulates corresponding preventivemeasures. We regularly review production facilities to ensure compliance with the latest environmental standards and provideenvironmental awareness and emergency response training for employees. In addition, we have developed comprehensiveemergency response plans to deal with possible sudden environmental incidents, ensuring rapid and effective handling of anyunexpected situations. During the Reporting Period, GCL SI did not experience any significant environmental incidents and nomajor environmental administrative penalties or criminal liabilities were incurred.

Low-CarbonPromotion

Driving Component Recycling and Obtaining PVCYCLE and WEEE Certi?cations

GCL SI has publicly disclosed the Environmental Management Policy on its official website, outlining itscommitment to environmental management. The core content of the policy includes:

Mission andCommitment

The Company is committed to improving the proportion of green and clean energy in the energystructure and reducing greenhouse gas emissions through green innovation and photovoltaictechnology upgrading.Scope ofEnvironmentalManagement Policy

The policy covers all business areas of the Company, including production operations, products andservices, distribution logistics, waste management, suppliers, and partners.Environmental Management System: Comply with relevant laws and regulations and establish anenvironmental and energy management system in accordance with ISO 14001 and ISO 50001 standards.Greenhouse Gas Emission Management: Set emission reduction targets and strategies, conductcarbon audits, and promote carbon reduction in internal operations and the supply chain.Energy Management: Improve energy e?ciency, explore green energy optimization, and respond toenergy-saving and carbon reduction initiatives.Water Resource Management: Optimize water-saving technologies, implement recycling watersystems, and reduce the demand for new water sources.Pollution and Waste Management: Manage solid and hazardous waste in compliance with regulationsand increase the comprehensive utilization rate of harmless waste.Ecological Environment Management: Strictly adhere to laws and regulations for the protection ofthe ecological environment and engage in ecological protection actions.

Implementation

Guidelines

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Energy-Saving Retro?tting Measures at GCL SI Bases

Energy Managementand RenewableEnergy Utilization

GCL SI adheres to the energy management policy of "low consumption andhigh efficiency, energy conservation and emission reduction, standardizedoperation and technological innovation", and takes multiple measures tostrengthen energy management. We have established a comprehensiveenergy management system, promoted energy-saving projects, and increasedthe use of renewable energy to support the green energy transition.

Energy ManagementSystem

GCL SI strictly abides by laws and regulations such as theEnergy ConservationLaw of the People's Republic of Chinaand theEnergy Management Guidelinesfor Industrial Enterprises, and systematically monitors, controls, and optimizesenergy consumption in production. The Company continues to advanceenergy management system, and has developed and implemented the EnergyManagement Manual, the Energy and Resources Management System, andthe Energy Management System Procedures. These documents clearly outlinethe Company's principles and specific requirements for the rational utilizationof various energies and resources. In 2024, to further advance energy-savingretro?tting e?orts, Wuhu GCL formulated a total of 13 new energy-related systemdocuments, including the Energy Management Planning and Control Procedureand the Energy Performance Indicators and Energy Baseline Control Procedure.Wuhu GCL SI actively promotes the construction of intelligent energymanagement platforms. The intelligent energy management platform canachieve real-time data collection of electricity consumption for each electricalcircuit and air compressor ?ow within the plant area. It also provides comparativeanalysis functions for data across different time periods and regions, enablingprecise identification of energy consumption anomalies in equipment andachieving intelligent and digital energy management.

Energy-SavingRetro?tting

In 2024, GCL SI's production bases conducted energy usage analysis, identi?ed energy-saving retro?tting potential in production processes, and implemented multiple energy-saving and efficiency-improving technical retrofitting projects to comprehensivelyenhance energy e?ciency and continuously promote energy conservation.

As of the end of the Reporting Period

the Hefei GCL SI, Funing GCL SI, and Wuhu GCLSI factories have all obtained ISO 50001 EnergyManagement System Certi?cation, with a coveragerate of100%

Hefei GCL SI

Centralized Air Conditioning Control: Proposes toinstall a centralized air conditioning control system thatautomatically optimizes the operating mode, frequency,and temperature of the air conditioning system basedon collected parameters and operating status, reducingenergy consumption for air conditioning use.

Cooling Tower Process Water Cooling Retrofit: Inresponse to the current energy waste in using icemachine chilled water to cool process water, theCompany has launched a technical retro?t to use coolingtowers for process water cooling, with an estimatedannual electricity savings of 1.29 million kWh.Pump System Energy Savings: Focusing on the highelectricity consumption of the pump system, theCompany has initiated a pump performance studyproject to fully utilize the variable frequency performanceof the pumps, reducing pump system electricityconsumption by approximately 50% compared to beforethe retro?t.

Funing GCL SI

Efficient Machine Room Retrofit: Implemented anefficient machine room retrofit project, replacing19 control cabinets from constant speed to variablefrequency. The use of variable frequency drives helpsreduce the electrical consumption of water pumps.Additionally, an upgraded efficient machine roomautomation system was installed, leveraging AI algorithmsto optimize equipment operating conditions. The retro?tachieved an energy-saving rate of 20%.Wuhu GCL SI

across GCL SI photovoltaicmodule-related production bases.

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Disclosure itemUnit202220232024Natural Gasm?150,729315,951306,464Total ElectricitykWh150,893,426473,387,732935,976,903- Self-generated Renewable ElectricitykWh-37,403,48749,376,053- Purchased Municipal ElectricitykWh150,893,426432,258,316211,759,306- Purchased Renewable ElectricitykWh-3,725,929--Contracted Purchased ElectricitykWh--674,841,544Steam

m?3,2386,640-Gasolinekg-59,97440,858Electricity Consumption per Unit of OutputMWh/MW-25.3827.70Natural Gas Consumption per Unit of Outputm?/ MW-16.949.07

Renewable EnergyUtilization

GCL SI continuously optimizes its energy structure, actively promotes the use of renewableenergy electricity in manufacturing, and maintains a strong investment in clean energyutilization. During the Reporting Period, the Company's battery and module productionbases constructed their own photovoltaic (PV) systems to provide clean energy for theplants, increasing the consumption of renewable energy .

To build green factories, GCL SI fully utilized available resources such as building rooftops and other spaces, adopting a "self-generation and self-use, surplus power to the grid" model to develop PV power generation facilities on a large scale.In 2024, Hefei GCL SI built a new PV power station on the roof of its Phase II factory with an installed capacity of 17.6 MW, whichwas o?cially connected to the grid in September 2024, with an estimated annual power generation of about 17.61 million kWh.Funing GCL SI is constructing a 14.5-MW distributed PV power station, which is expected to generate approximately 16 millionkWh annually once completed. Wuhu GCL SI has already built and connected a PV power station with an installed capacityof about 15.73 MW, generating about 16 million kWh annually. Additionally, Wuhu GCL SI is developing a 2.3-MW PV Phase IIIproject, with all generated electricity to be used within the factory premises.

Accelerating PV Power Station Construction at Production BasesCase

In 2024

GCL SI utilized self-built photovoltaicsystems to generate and consume

million kWh of renewable electricity

49.38

and procured

million kWh equivalent of green powercerti?cates.

335.09

GCL SI Energy Management Performance in 2022-2024

GCL SI Renewable Energy Utilization Performance (2023-2024)

2023

4,112.944,937.61

2024

Unit：10,000 kWh

RenewableElectricity Usage

4 The scope of GCL SI 2024 energy management performance includes the Suzhou Management Center, three production bases (Hefei GCL, WuhuGCL, Funing GCL), GCL Energy Storage, GCL Green Energy, and GCL SI o?ces in Beijing, Japan, and Munich.5 GCL SI did not use steam in 2024.

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GCL SI strictly follows theWater Law ofthe

People's Republic of China,theWaterPollution Prevention and Control Law ofthe People's Republic of Chinaand otherlaws and regulations. We continuouslyimprove the water resources managementsystem, and enhance the efficiency ofwater resources management throughmultiple initiatives. Meanwhile, theCompany has formulated and enforcedthe Self-Assessment Report on Water Usesince 2021, and has established a waterconservation evaluation team to assesswater conservation each year.

Responding toWater Risks

GCL SI is keenly aware of the importanceof water risk to global sustainabilityand sound business operations. TheCompany has evaluated the water stressof all plants in continuous operation,adopting the Aqueduct Water Risk Atlas ofthe World Resources Institute (WRI). Theresults of the evaluation are as follows:

GCL SI prioritizes the exploration of local alternative water sources for our production and operations. At the end of 2024, theCompany's sources of water included municipal water supply, rainwater collection and condensate collection.

In 2024, Hefei GCL SI actively carried outair-conditioning condensate recoveryto reduce the use of fresh water andlower wastewater discharge. After theimplementation of the project, theCompany saves approximately 5,760tonnes of water consumption annually,amounting to RMB 12,000 in fresh watercosts and RMB 35,000 in wastewaterdischarge fees annually.

Retro?tting Condensate Piping to Reduce Fresh Water ConsumptionCase

Hefei GCL SIFuning GCL SIWuhu GCL SI

High (3-4)High (3-4)Medium-High (2-3)

PlantWRI Water Risk Level

Water Stewardship

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Water ConservationMeasures

GCL SI actively promotes water conservation awareness among its employees

Disclosure ItemUnit20232024Total water withdrawals Tonnes 3,732,9355,930,366Total water consumption

Tonnes1,647,6531,054,675Water recycling and reuse volumeTonnes202,569884,961Water consumption intensityTonnes/MW88.3531.21

GCL SI Water Consumption Performance in 2023 and 2024

In 2024, Wuhu GCL SI implemented comprehensive water-saving measures,including: Regular inspections to prevent water leakage and wastage;Reporting equipment not under water usage monitoring to relevantdepartments for recti?cation; Reducing over?ow volumes in over?ow tankswhile ensuring product quality in the production process; Enhancing thereuse of water from the pure water station's instruments. After implementingthese measures, Wuhu GCL SI achieved a significant reduction in waterconsumption per unit of product, with a 39% decrease compared to 2023.

To ensure continuous production, chillers are used to provide cooledwater for the workshop air conditioning system. In 2024, Funing GCL SIaddressed the issue of daytime cooling water evaporation from chillers byimplementing night-time water cooling measures. This reduced the daytimeoperating time of chillers and effectively minimized the evaporation ofcooling water, saving approximately 2,880 m? of water annually.

Case

Case

Comprehensive Water-Saving Measures Lead toSigni?cant Reduction in Water Consumption

Night-Time Water Cooling for Water Conservationand Reducing Chiller Water Evaporation

GCL SI regards water conservation as a crucial aspect of green production and integratesit into the entire production and operation process. During the Reporting Period, weestablished a water-saving evaluation team, enhanced water usage analysis, upgradedwater-saving facilities, and optimized wastewater treatment and reuse systems. Wealso set water-saving targets and regularly tracked progress towards these goals tocontinuously advance the lean management of water resources.

The scope of GCL SI 2024 water management performance includes three production bases:

Hefei GCL, Wuhu GCL, and Funing GCL.

GCL SI's total water consumption in 2024 refers to total water withdrawal minus totalwastewater discharge.

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Pollutant &EmissionsManagement

GCL SI continuously intensifies its efforts in pollution prevention and control,committing to reducing the emission of pollutants such as waste gases andwastewater, thereby minimizing the negative environmental impact of its operations.

Wastewater Control

During 2024

The Company had no incidents ofexcessive discharge.

In the photovoltaic (PV) cell manufacturing process, traditional acid etchingprocesses use high-concentration HF/HNO

mixtures, which, while effectivefor etching, generate signi?cant nitrogen- and ?uoride-containing wastewater,posing challenges for wastewater treatment. In contrast, alkaline etchingprocesses using KOH/NaOH solutions can effectively reduce ammonia-nitrogen levels in wastewater, minimizing environmental pollution. In 2024,GCL SI upgraded the acid etching process to an alkaline etching process in itsGPC battery production. This not only enhanced battery performance but alsosigni?cantly reduced wastewater ammonia-nitrogen emissions.

Case

GPC Battery Process Upgrade to Reduce WastewaterAmmonia-Nitrogen Treatment Pressure

Disclosure ItemUnit20232024

Total wastewater dischargeTonnes2,085,281.914,875,691.00Suspended solids dischargeTonnes21.7967.65COD dischargeTonnes76.54263.96Ammonia dischargeTonnes11.7141.27Phosphorus dischargeTonnes0.290.30Fluoride dischargeTonnes9.7122.58

GCL SI Wastewater Discharge Performance in 2023 and 2024

Waste GasManagement

GCL SI firmly complies with theLaw of the People's Republic of China onEnvironmental Protection, theLaw of the People's Republic of China on thePrevention and Control of Atmospheric Pollutionand other related laws andregulations, and fulfills the social responsibility for environmental protection. Wehave formulated the Waste Gas Emission Control Management System for productionbases to ensure that air pollutants are emitted after treatment to satisfy therequirements of the Integrated Emission Standard of Air Pollutants and the EmissionControl Standard of Volatile Organic Compounds for Industrial Enterprises.GCL SI has formulated a detailed exhaust gas treatment process for moduleproduction bases to adsorb the harmful substances in the waste gas by means ofactivated carbon adsorption. The battery cell production bases employ technologiessuch as alkaline liquid spraying and activated carbon adsorption to classify and treatthe exhaust gases generated from the main production processes of the projects. Toensure compliance with emission standards, GCL SI regularly entrusts third-partytesting institutions to conduct exhaust gas emission tests at all its production bases.During 2024

GCL SI reported none of incidents ofexcessive waste gas emission.

In 2024, GCL SI initiated efforts in product design to reduce exhaustemissions. In battery R&D, we adopted a thinned polysilicon design,reducing the thickness of the polysilicon ?lm from 180 nm to 120 nm. Testresults showed that with the thinned polysilicon design, while maintaining ahigh level of photovoltaic conversion e?ciency, the usage of chemicals suchas silane and phosphorous trichloride decreased. Additionally, the end-of-pipe emissions were reduced, yielding signi?cant environmental bene?ts.

Thinned Polysilicon Design Reduces Exhaust EmissionsCase

The Company always complies with the requirements of national and local laws andregulations, and has established and executed the Wastewater Discharge ControlManagement System. We develop and implement sound wastewater collection, treatmentand discharge programs for various wastewater following the principle of wastewaterdiversion and treatment. In addition, according to the regulatory requirements, we installonline monitors at the main outlets of production wastewater to monitor the quality ofwastewater in real time and ensure compliance with the discharge standards.The cell manufacturing base Wuhu GCL SI strictly enforces theEmission Standards ofPollutants for Cell Industry,

theWastewater Quality Standards for Discharge to MunicipalSewers,and theEnvironmental Quality Standards for Surface Waterfrom the industrialwastewater treatment plant of the Xinwu Economic Development Zone in Anhui Province.Based on the standards, we monitor the discharge data of chemical oxygen demand(COD), ?uoride, total phosphorus (TP), total nitrogen (TN), and chloride. The wastewatertreatment is based on a "primary physical and chemical reaction tank + primary physicaland chemical sedimentation tank + secondary physical and chemical reaction tank+ secondary physical and chemical sedimentation tank and A/O biochemical tank +secondary sedimentation tank" process to ensure compliant discharge.

Disclosure ItemUnit20232024Total waste gas emissionsm?5,839,417,312.0014,506,850,032.00Nitrogen oxides (NOx)emissions

Tonnes1.433.32Sulfur oxides (SOx) emissionsTonnes0.250.80Non-methane hydrocarbon(NMHC) emissions

Tonnes5.2612.57Particulate Matter emissionsTonnes2.460.20

GCL SI Waste Gas Management Performance in 2023 and 2024

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WasteManagement

In terms of waste management, GCL SI has established guidelines and managementtools such as the Waste Management Regulations, the Solid Waste ManagementSystem, the Hazardous Chemical Safety Management System, the Hazardous WasteManagement Registration Form, and the Hazardous Waste Transfer Note. We strictlyregulate the collection and disposal process of general industrial solid and hazardouswastes, ensure that waste treatment and discharge comply with the relevantenvironmental standards, and minimize the harm to the environment and health.

For general industrial solid waste such as used cells, waste packages and scraps, theCompany practices recycling and decontamination management, and adopts disposalmethods such as sale for comprehensive utilization and recycling by suppliers, so asto achieve resource conservation and contribute to the circular economy.For hazardous waste, the Company has constructed hazardous waste storage facilitiesin accordance with relevant regulatory requirements. These facilities are designed tostore various types of hazardous waste in a classi?ed manner, ensuring standardizedstorage. The Company also maintains hazardous waste ledgers and transfer manifestsbased on the actual generation of hazardous waste, as required by law. Thesedocuments are then handed over to a qualified third-party company for compliantdisposal, so as to prevent or reduce harm to the environment.

GCL SI Waste Treatment Process Flow

During the Reporting Period

The Company's general industrial solidwaste recycling rate reached

99.74%

Solid waste generated from collection

General industrial wasteRecycling by recyclers

Hazardous wasteDisposal by treatment units

Sorted solid waste temporary storage

GCL SI Hazardous Waste Transfer ProcessTemporary storage ofhazardous waste in astandardized storage location.

Eliminate human static electricitybefore entering the warehouse.

Place hazardous waste in designatedareas and arrange neatly.

Seal and safely transport hazardouswaste to the corresponding hazardouswaste warehouse.

Weigh the transported hazardous waste,print, and a?x hazardous waste labels.

Standardly ?ll out the hazardouswaste warehouse entry registrationform without any omissions.

010402050306

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Circular Economy

GCL SI adheres to the concept of circular economy development, continuouslyimproving resource utilization efficiency to achieve a win-win situation foreconomic and environmental benefits. On the product side, the Companyoptimizes packaging design and actively promotes the recycling of packagingmaterials. In 2024, Hefei GCL SI optimized the structure of its packaging boards,reducing the use of wood pulp raw materials by approximately 30% withoutcompromising the burst strength index. Wuhu GCL SI collaborated with upstreamand downstream partners, recycling the cartons used for component shipments.In addition to focusing on the recycling of materials in the production process,the Company also emphasizes the refurbishment and remanufacturing ofoffice electronic devices such as laptops in its office operations. Regularinventory checks of in-stock electronic devices are conducted, and the harddrives and casings of old laptops are refurbished to extend their service life andimprove the utilization rate of relevant electronic devices.In 2024

The total recovery of product packaging andlogistics pallets of Wuhu GCL SI exceeded

With a recovery rate of over

sets

611,400

76.41%

During the Reporting Period

GCL SI reported none of signi?cantviolations of emissions or leaks.

Disclosure ItemUnit202220232024

Total waste generatedTonnes13,325.2652,238.6049,005.45Total general industrialsolid waste generated

Tonnes13,465.7452,218.6948,830.28-Non-hazardousrecycled

Tonnes-52,184.8548,703.35-Non-hazardousincinerated

Tonnes-33.84126.93Total hazardous wastegenerated

Tonnes15.9019.91175.17Hazardous wastedisposed

Tonnes-17.82172.17

GCL SI Solid Waste Management Performance in 2022-2024

The Company places high importance on hazardous waste managementand provides specialized hazardous waste management training foremployees annually. The training covers various aspects of hazardouswaste management, including definitions, types, storage, ledger?lling, and emergency handling of leaks. It also uses vivid case studiesto illustrate the severe consequences of improper hazardous wastemanagement, effectively enhancing employees' awareness andcapabilities in hazardous waste management.

Case

Conducting Specialized Hazardous WasteManagement Training

The inconsistency between the total volume of hazardous waste generated by GCL SI in 2024 andthe total volume of disposal is attributable to the fact that some of the hazardous wastes wereprocessed in early 2025 under a single disposal.

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Ecosystem andBiodiversityConservation

GCL SI places great importance on the protection of ecological resourcesand regards biodiversity as the foundation for sustainable development. TheCompany continuously innovates and strengthens its biodiversity conservationmeasures. GCL SI has developed a biodiversity conservation strategy basedon the principles outlined in the Convention on Biological Diversity and inreference to the EU's Biodiversity Strategy for 2030.

GCL SI has launched photovoltaic desertreclamation projects, integrating desertreclamation projects of equal land area withphotovoltaic projects to focus on the synergybetween photovoltaic projects and ecologicalprotection. By constructing photovoltaic powerstations in desert areas, the photovoltaic panelsform a shading barrier that effectively reducessurface wind speed, minimizes wind erosion,prevents dune movement, and reduces surfacewater evaporation. This creates favorableconditions for the growth of desert vegetation andenhances the ecological stability of desert regions.

Desert Reclamation through Photovoltaic Projects to Improve Desert EcosystemsCase

GCL SI strictly adheres to national regulations on ecological red lines, with allconstruction projects undergoing rigorous environmental impact assessment approvalprocesses. No production facilities are located within ecological red line areas.To implement our biodiversity conservation strategy, GCL SI is committed to buildinga network with companies and organizations that share similar biodiversity goalsand exchanging and sharing our biodiversity-related policies and activities with localorganizations. The Company also selects biodiversity research and conservationprojects based on the biodiversity strategy framework and provides ?nancial support.Additionally, we actively share this strategy and subsequent action plans withemployees, suppliers, and other stakeholders to enhance societal awareness andunderstanding of our biodiversity strategy and encourage all parties to address issuesrelated to natural resource use in a positive manner.Our biodiversity strategy is a dynamic framework that will continue to evolve with theemergence of new projects and potential cooperation opportunities. The Company willcontinue to disclose progress on biodiversity work in accordance with GRI and TNFD(Taskforce on Nature-related Financial Disclosures) requirements to ensure transparentdisclosure of biodiversity actions and impacts.

During the Intersolar Europe 2024in Munich, Germany, GCL SI signeda strategic cooperation agreementwith EcoTree, an internationalenvironmental pioneer. Bothparties will jointly conduct strategicplanning, communication, research,and evaluation, committed tobiodiversity conservation andsustainable development. InNovember of the same year, GCL SIand the EcoTree delegation plantedover 2,000 saplings together inGermany. In the future, GCL SI willengage in more cooperation withvarious partners in the field ofbiodiversity conservation, fulfillingthe Company's ?rm commitment tobuilding a green future.

Strategic Cooperation Agreement Signed with EcoTreeCase

GCL SI Biodiversity Conservation Strategy

Strategic GoalMission

GCL SI will raise awareness of biodiversity through internal andexternal training, publications, sponsorships, and internal andexternal communication of the impact of organizational activitiesin this area, integrating it into educational dialogues.Enhance awareness of theimportance and value ofbiodiversity

GCL SI commits to reducing direct pressure on biodiversity andworking with consumers and the circular economy industryto promote sustainable resource use and end-of-life productmanagement.Reduce direct pressure onbiodiversity and promotesustainable use of naturalresources

GCL SI will work with external partners to enhance biodiversitythrough sustainable land management, genetic diversitypromotion, and habitat fragmentation reduction.Improve biodiversity statusthrough the protection ofecosystems, species, andgenetic diversity

Wutumeiren ProjectNingxia Jingneng Project

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Strategic GoalsIndicatorsUnit

2024PerformanceBy 2030 at the latest, maintain a 100% medical insurancecoverage rate for full-time employees in Mainland China

Medical Insurance CoverageRate for full-time employees inMainland China

%100By 2025, achieve a 100% coverage rate of collectivebargaining agreements.

Collective BargainingAgreement Coverage Rate

%90.69By 2028, achieve external audits for child labor andforced labor issues covering all production bases.

External Audit Coverage Rate forChild Labor and Forced LaborIssues at Production Bases

%66.67By 2030 at the latest, maintain competitive compensationfor all employees.

Competitive CompensationAnalysis Coverage Rate

%100By 2030 at the latest, maintain annual diversity, anti-discrimination, and anti-harassment awareness trainingcovering all employees.

Diversity, Anti-Discrimination,and Anti-Harassment AwarenessTraining Coverage Rate

%100Based on 2024, by 2030, achieve a 20% increase inaverage training hours per employee.

Employee Training HoursHour18.95By 2030 at the latest, maintain zero incidents of fire,explosion, personal injury, and occupational diseaseaccidents.

Number of Accidents

Incidents5By 2025, achieve a 100% signing rate of the Business PartnerCode of Conduct and the Integrity Commitment Clause.

Supplier Code of Conduct andIntegrity CommitmentClause Signing Rate

%89.04By 2026, achieve a 100% ESG audit coverage rate for coresuppliers.

ESG Audit Coverage for CoreSuppliers

%92.71By 2028, achieve a 100% third-party ESG audit coveragerate for core suppliers.

Third-Party ESG Audit Coveragefor Core Suppliers

%17.71By 2030 at the latest, maintain 100% participation of coresuppliers in ESG capacity building.

Core Supplier ParticipationRate in ESG Capacity Building

%100By 2025, achieve a 100% con?ict minerals audit coveragerate for suppliers of 3TG materials.

Con?ict Minerals AuditCoverage Rate for Suppliers of3TG Materials

%100By 2030 at the latest, conduct at least four employeevolunteer services annually.

Number of Employee VolunteerServices Conducted

Time9

「E」quity

GCL SI proactively fulfills social responsibilities, envisioning a sustainable future whereemployees, the Company, and society grow together. We prioritize talent development, regardingour employees as valuable and reliable growth partners, and strive to create a vibrant andinclusive workplace for them. We are committed to providing fair and reasonable compensationand benefits, establishing communication channels for employees, and fostering harmoniousand stable labor relations. Furthermore, we are committed to building mutually beneficialrelationships with partners such as suppliers and customers, and actively engage in communitybuilding, achieving harmonious coexistence between business value and social bene?ts.

United by shared values, bridging teams and partners;energized by vitality, boosting passion and innovation.

Contribution to the United Nations Sustainable Development Goals

Strategic Targets and Annual Performance

Among these incidents, four employees were injured while performing equipment maintenance, and one employee was injuries afterfalling on stairs. Moving forward, GCL SI will implement more comprehensive measures to ensure workplace safety and provide a solidsafeguard for the health and safety of its employees.

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Labor RightsProtection

Labor rights protection is crucial to GCL SI. For our value chain, respect for laborrights promotes harmonious cooperation among our partners to enhance thesustainable development capacity of the entire chain. We ?rmly believe that "people-oriented" management philosophy is the cornerstone of long-term stable growth andsustainable development.

CompliantEmployment

GCL SI is determined to safeguard the rights and interests of our employees, strictlyabides by theLabor Law of the People's Republic of China, theLabor Contract Law ofthe People's Republic of China, theProvisions on the Prohibition of Using Child Labor,

and other applicable laws and regulations at our operational locations.The Company has formulated and implemented regulations and standards suchas the Labor Contract Management Regulations, Labor Employment ManagementStandards, Prohibition of Forced Labor Management Procedures, and Child Labor andUnderage Worker Management Measures to further standardize labor employmentmanagement. The Company has also developed and publicly disclosed the Codeof Business Conduct and Human Rights Policy, clearly committing to protectingemployees' legal rights and interests, respecting employees' freedom of associationand collective bargaining rights, and strictly prohibiting the use of child labor andforced labor.Recognizing that the SA8000 Standard is a global social responsibility standard withsigni?cant implications for corporate labor conditions and human rights protection, FuningGCL SI and Hefei GCL SI have both obtained SA8000 Management System Certi?cation.

In 2024GCL SI had no incidents of employingchild labor, forced labor, employmentdiscrimination, harassment or otherlabor human rights violations.

Funing GCL SI and Hefei GCL SI SA8000Certi?cations

In 2024, GCL SI conducted specialized training on SA8000 for all management and grassroots employees, in line withthe requirements of the SA8000 standard. The training content included the background, standards, requirements,and best practice case studies of SA8000. The Company is committed to enhancing its capabilities in human rightsprotection, labor management, and social responsibility through a systematic and multi-level training program,ensuring that operations comply with international best practices.

Conduct SA8000 Training, emphasizing sense of social responsibilityCase

GCL SI Employment Performance in 2024

Total Number of Employees

Persons6,074

Number of New Employees

Persons2,309

Percentage of Female Employees

27.81%

Percentage of New Female Employees

24.51%

The Voluntary Turnover Rate of Full-time Employees

4.90%

Retained for Over 1 Year

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GCL SI Awarded "Top Human ResourcesManagement Awards" by 51Job in 2024

Talent Attraction

GCL SI is committed to attracting diverse personnel to empower the Company'sdevelopment. The Company has formulated and implemented the RecruitmentManagement Standards, the Human Resources Planning Management Standards and othersystems, adhering to the employment principles of "fairness, impartiality and openness",and providing equal opportunities to all employees and candidates in accordance with thelaw. The Human Resources Department is responsible for setting measurable objectivesrelated to diversity, and discussing and agreeing on strategies to enhance diversity amongemployees of the Company (including senior management) on an annual basis.The Company has established a talent reserve database to gradually set up a systematic,scientific human resources and talent development system. Meanwhile, the Companyattaches great importance to the cultivation of management trainees, selecting outstandingfresh graduates to groom as future leaders through a variety of training initiatives. In thisway, the Company achieves the strategy of reserving and developing talents. In addition,the Company provides internal recruitment and transfer opportunities to help employeesdevelop and utilize their talents in positions that better suit their strengths.To enhance the Company's attractiveness to high-caliber talent, GCL SI actively engageswith local governments to secure various talent incentive policies. This ensures thathigh-caliber talent can enjoy favorable benefits, thereby boosting the Company's talentcompetitiveness. The Company applies for individual income tax refunds on behalf ofeligible high-caliber talent to reduce their tax burden and increase their actual incomelevels. It also assists talent in applying for multiple government subsidies, including livingallowances, housing subsidies, and talent attraction subsidies, to alleviate their living andhousing costs and enhance their sense of belonging. In the future, GCL SI will continueto optimize its high-caliber talent recruitment mechanism, explore more talent incentivepolicies, and continuously improve the talent welfare system to build a solid talentfoundation for the Company's sustainable development.

In 2024

the Company employed

female employees1,689and employed

ethnic minority employees.

In 2024, GCL SI launched the "GCL Star Program" for global campus recruitment, GCL SI has participated in campusrecruitment events at well-known domestic universities such as Xi'an Jiaotong-Liverpool University, China Universityof Mining and Technology, and Soochow University. The Company recruited talent in multiple fields, includingtechnology research and development, internationalization, engineering development, and production operations.GCL SI provides a range of training methods for campus recruits, including centralized training, professional guidancefrom senior mentors, and rotational practice in frontline and departmental positions. The Company actively incubatesand reserves core technology and management talent for the future, driving continuous innovation and developmentin the ?eld of intelligent integrated energy.

"GCL Star Program" for Global Campus Recruitment Conducted to Recruit Outstanding PersonnelCase

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Compensationand Bene?tsSystem

Based on the Compensation Management Standards, GCL SI aims to provide employees withcompetitive compensation. Upholding the principle of equal pay for equal work, we strive tobuild a fair, just and reasonable compensation management system. The Company conducts asurvey on compensation and bene?ts in the industry every year and improves the Company'scompensation system based on the results of the survey. These efforts ensured a fair andscientific compensation system and further enhanced our market competitiveness. Full-time employees' compensation includes fixed compensation (i.e., base salary) and variableremuneration (including monthly performance-based salary and bonuses). Additionally,based on a comprehensive evaluation of factors such as the achievement of corporate pro?ttargets, work completion, team performance, departmental importance, and individual workperformance, the Company awards project construction incentives, monthly bonuses, andannual bonuses to its employees.In 2024, to further enhance its talent management capabilities, GCL SI conducted acomprehensive optimization and improvement of its compensation, performance evaluation,and incentive systems. The Company revised its compensation standards based on the MPTOframework (Management (M), Professional (P), Technical (T), and Operational (O) tracks). Thisrevision aimed to make the salary structure more scienti?cally sound and rational, ensuringthat compensation levels are aligned with market competitiveness and effectively motivatetalent development. GCL SI updated its Performance Management Standards, which now coverthe standards and regulations for the Comprehensive Management Center and its affiliatedbusiness units and bases. By standardizing talent evaluation criteria, the Company aims toenhance the fairness and accuracy of performance evaluations. Additionally, the Companyintroduced new clauses in the goal-setting phase to focus on ESG-related performance, guidingemployees to integrate sustainable development concepts into their business activities. Basedon market conditions, employee needs, and the Company's strategic objectives, GCL SI hasdesigned customized compensation and incentive plans for di?erent types of business. These

During the Reporting Period

the medical insurance coveragerate for full-time employees inMainland China was

100%

plans are tailored to match the specific characteristics of each business segment, therebyfurther enhancing employee motivation and organizational e?ciency.GCL SI has formulated welfare management policies such as the Welfare ManagementStandards and the Leave Management Standards, so as to standardize the Company's welfaresubjects and payment standards, further enhance the sense of belonging and cohesion amongemployees, and ensure the Company's advantages in talent attraction and market competition.In addition to statutory welfare such as social welfare and paid leave, the Company alsoprovides employees with cash bene?ts such as meal allowance, high-temperature and cold-weather subsidies, holiday bene?ts, communication subsides, transportation subsidies, andnon-cash bene?ts such as medical examinations and team trips.Welfare structureStatutory welfare

Social welfareCash bene?tsNon-cash bene?ts

Paid leave

Corporate welfare

Meal subsidyHigh-temperature subsidyCold-weather subsidyHoliday bene?t

Special allowanceCommunication subsidy

Transportation subsidy

Additional commercial insurance

Sta? trainingTeam tripRegular physical examination

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Employee Care

To promote and improve our corporate culture and strengthen employee cohesionand harmonious staff relations, GCL SI has organized various employee caringactivities based on the principles of "united culture" and "harmonious win-winresults" to enrich the spare time of the employees.

Healthy Life

In October 2024, GCL SI held its ?rst "Embrace the Wind, Discover a NewWorld with GCL SI" themed low-carbon, leave-no-trace camping eventand officially established the Camping Club, marking a new chapterin standardized and regular camping cultural activities. The eventfeatured a variety of rich and interesting activities, including a moonlightconcert, bonfire dinner, starry-sky outdoor cinema, family games, andlawn barbecue. These activities aimed to help employees fully releasestress and get closer to nature through the slow lifestyle of camping.Additionally, the camping event consistently adhered to the conceptof sustainable development by using photovoltaic power generationequipment for lighting and encouraging all participants to join in litter-picking actions, leading employees to practice a green and low-carbonlifestyle. With the establishment of the Camping Club, the Company willhost more low-carbon, green-themed camping activities in the future,creating a unique camping cultural IP for GCL SI and further spreadingthe "happy working, happy living" family-like cultural atmosphere.

In August 2024, Wuhu GCL SI held "Swing for Glory: The Badminton Showdown",inviting employees from government agencies and regional units to join, furtherstrengthening cooperation and communication between the Company and localgovernment and regional units. The tournament not only provided a platform foremployees to relax and showcase their badminton skills but also transformedthe spirit of sports into a powerful driving force for stimulating employees' workenthusiasm and promoting the Company's high-quality development. TheCompany will continue to focus on employee happiness and actively explore newforms of corporate culture and regional exchanges.

In November 2024, Hefei GCL SI organized the "Taste the Sweetness of Winterand Rekindle the Fun of Childhood" traditional candy hawthorn making activity.This event aimed to evoke employees' fond childhood memories through thecraft of making traditional snacks while enhancing interaction and emotionalconnections among colleagues. Under the guidance of sta?, employees workedin groups to complete steps such as heating syrup, stringing fruits, and coatingthem with sugar, experiencing first-hand the joy of making candy hawthorns.The activity combined folk culture with corporate culture, allowing employeesto relax, strengthen emotional bonds, and foster team cooperation. It alsoconveyed the Company care to its employees.

Exploring Green and Low-Carbon Living: The Charm of Leave-No-Trace Camping — The O?cial Launch of the Camping Club

"Swing for Glory: The Badminton Showdown" — Wuhu GCL SI BadmintonTournament

Taste the Sweetness of Winter and Rekindle the Fun of Childhood—Hefei GCL SI

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Celebrating FestivalsTogether

During the Lantern Festival in February 2024, the Company held a "WishingPeace and Weaving Joy" Lantern Festival themed employee group birthdayparty. Over 20 birthday celebrants gathered to celebrate the festival together.The birthday party activities centered around the "intangible culturalheritage" - bamboo weaving paintings. Employees experienced the charm oftraditional handicrafts through the traditional bamboo weaving technique of"one pick, one press," understanding the resilient character symbolized bybamboo, which stands for unyielding perseverance in the face of di?culties.The event also included a paper-cutting art experience, allowing employeesto enjoy the fun and cultural signi?cance of traditional art through hands-onpractice. This activity promoted the organic integration of Chinese traditionalculture and corporate culture, further uniting the employees.

In October 2024, Hefei GCL SI held a "A Letter Home Conveys Nostalgia"Double Ninth Festival themed activity, encouraging employees to expresstheir longing and gratitude through letters. The event created a warmcorporate cultural atmosphere by using letters as a medium to conveyemotions. At the event, employees wrote heartfelt letters to their loved ones,turning their gratitude and longing into words. An on-site mailing process wasset up to help employees send their letters, adding another layer of emotionalsigni?cance to them. Through this activity, the Company care and support onthis special day are conveyed to both the employees and their families.

Wishing Peace and Weaving Joy—Lantern Festival ThemedEmployee Group Birthday Party

A Letter Home Conveys Nostalgia — Hefei GCL SI's Double NinthFestival Themed Activity

To further improve the stability of our current workforce and alleviate theirpersonal concerns, in July 2024, Hefei GCL SI launched its first non-profitSummer Camp in the employee dormitory area. The inaugural sessionwelcomed 30 energetic children of the Company's employees. The Companydesigned a diverse range of activities for the summer camp, includingacademic tutoring, outdoor team-building exercises, intellectual games, andparent-child interaction sessions. These activities aimed to help childrenlearn new knowledge in a relaxed atmosphere and enhance emotionalcommunication between parents and children. By organizing such summercamps for children, the Company e?ectively alleviated the family caregivingburden of its employees, fully embodying the Company's humanistic care,which centers on the employees' needs and emotions.

Launch Non-Pro?t Children's Summer Camp to Relieve Employees of ConcernsCase

To gain a deeper understanding of employees' psychological states and create a more harmonious and healthier workingenvironment, in March 2024, Hefei GCL SI initiated a comprehensive psychological health assessment for all employees, collecting1,819 valid questionnaires. Based on the data from these questionnaires, the Company analyzed the psychological states of itsemployees and regularly conducted related counseling activities. These initiatives aimed to actively address employees' mentalhealth needs and provide strong support for creating a more harmonious and healthy work environment. Additionally, theCompany established a dedicated "Mindfulness Stop", where employees could seek support for mental health issues via emailsand contact channels, helping them better manage emotions and relieve stress.

Conducting Psychological Health Assessments and Counseling to Care for Employees' Mental Well-beingCase

The 2024 Annual Gathering of GCL SI's Global Marketing Centerinnovatively integrated fencing to foster immersive team cohesion.Professional coaches guided employees through foundationaltechniques and strategic thinking, while team-based challenges inoffense/defense scenarios strengthened trust and synergy. Cross-regional teams bridged communication gaps through friendly sparringand laughter, unlocking collaborative potential. This unique initiativehighlighted the company's commitment to holistic employee well-being, reinvigorating high-performance teams with renewed energyand a shared "dare to conquer" spirit.

Forging Bonds Through Strategy: 2024 Fencing-Themed Annual GatheringCase

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The Company regularly conducts visits to employee dormitories, engaging in face-to-facecommunication to collect improvement suggestions from frontline employees. Thesevisits ensure that employee concerns are effectively addressed through timely feedbackand implementation of improvements. Staff members also patiently address employees'questions, explain welfare policies and dormitory management regulations, allowingemployees to truly feel the Company's care and enhancing their sense of belonging andwork enthusiasm.EmployeeDormitory Visits

The Company has established and improved the Workers' Congress system, an importantplatform for employee democratic management. Regular meetings are held to widelylisten to employee opinions and ensure their active participation in company governanceand decision-making. The Workers' Congress focuses on key issues such as compensationand benefits, career development, work environment, and workplace safety, formingspeci?c improvement measures to advance the implementation of employee demandsand continuously optimize the employee rights protection mechanism.

Workers'Congress

On May 23, 2024, Hefei GCL SI organized an employee roundtable discussion, attendedby Sun Guoliang, General Manager of Hefei GCL SI, and over 40 representatives of newemployees. The purpose of this roundtable was to enhance communication betweenemployees and management, foster mutual understanding and trust, and gain a deeperinsight into the thoughts, work, and life of new employees. It aimed to address theirconcerns and help them integrate into the new environment more quickly. The discussionfocused on key topics such as career development paths, promotion opportunities,and the optimization of welfare policies for new employees. The management teamlistened carefully and recorded the issues raised, responding positively to the employees'questions and suggestions. The management is committed to following up on the issuesdiscussed and to implementing tangible improvements. This commitment is aimed atimproving working conditions and growth opportunities for employees.

Employee Roundtable Discussion to Hear Employees' VoiceCase

The Company has set up a "General manager's mailbox"in high-traffic areas. The mailbox is managed by theperson in charge of employee relations, who collects theletters once a day and deals with the employee opinionletters in a timely manner. Employees who proposesuggestions that are bene?cial for development of theCompany will be rewarded.General manager's

mailbox

The General Manager'sMailbox at Hefei GCL SI

To ensure a harmonious and open communication environment, GCL SI has established internal systems such as the DemocraticGovernance Communication Management Policy, the Consultation and Communication Control Procedures and the EmployeeRelationship Management Standards. These systems continuously optimize communication channels between the Company andits employees, ensuring smooth two-way interaction. The Company places great importance on building a robust communicationframework and improving feedback and protection mechanisms. This ensures that employees are "empowered and willing tocommunicate without concerns" when facing difficulties, thereby enhancing their sense of trust and belonging. Additionally, GCL SIhas signed collective agreements with employees on various aspects, including health and safety, working conditions, training anddevelopment, and the protection of female employees. These agreements cover all GCL SI bases, ensuring that employees' fundamentalrights are fully protected. Looking ahead, GCL SI will continue to re?ne its communication mechanisms, strengthen the protection ofemployee rights, and foster a more open and equitable corporate cultural environment.

Employee Communication

Channel Construction

We follow new employees for a period of three to six months, helping them become familiar withthe environment, policies and culture of the Company. Besides, the Human Resources Departmentcarries out regular interviews with these new employees to help them quickly adapt to the CompanyNewemployee on-boarding talk

the Company organizes at least one Staff Forum per month, and carries out interviews with coreemployees from time to time. The Sta? Forums are organized by the Human Resources Departmentand attended by the labor union and employee representatives. Staff Forums are also held forrepresentatives of various employee groups. The Company takes into full consideration the proposalsproposed by employee representative and publicizes the excellent proposals actually adopted.Sta? Forum

In 2024, GCL SI's EU team held a two-day inspiring o?sitein the Bavarian countryside, centered on acceleratingthe energy transition. Day one focused on 2025 strategyalignment, dissecting market opportunities andinnovation pathways. Day two emphasized outdoorcollaboration, through the nature setting to sparkcreativity and strengthen trust among team members.This retreat solidi?ed strategic priorities while reignitingcollective purpose, proving that in-person connectionsremain vital to driving impactful energy solutions.

Fostering Innovative Consensus, Embarking on a Green Journey: EU Team Building Retreat in BavariCase

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In April 2024, the Module Business Unit of GCL SI organized a special meeting on"Organizational Capability and Employee Satisfaction Improvement." A total of 48participants attended the meeting, including the General Manager of the business unit,management members, and department heads, and key employee representatives. Themeeting aimed to address the issues identified in the 2024 Organizational CapabilitySurvey Report, conduct in-depth analysis and research, and develop improvementplans to optimize organizational management efficiency. Data showed that theoverall employee satisfaction for 2024 remained above 90%, with particularly strongperformances in departmental communication (96%), training and learning (95%), andsafety assurance (96%). Participants thoroughly reviewed the survey data and, throughfocused discussions, collectively identified pain points and proposed improvementsuggestions. More than 40 specific action plans for improvement were formulated tofurther focus on employee needs and enhance employee satisfaction.

Organizational Capability Research and Analysis to EnsureEmployee Satisfaction

Case

At GCL SI, every employee has the full right to freely raise questions, express concerns and complainabout any treatment that is deemed unfair, unreasonable, unethical, harassing or discriminatory.We encourage all employees to take the initiative to report any violations of employee rights andinterests. Employees can report through the labor union of GCL SI, the o?cial complaint and reportingplatform (http://www.gcl-power.com/en/contact/ lzzx.html), or other channels. The Company will treatwhistleblower information in strict con?dence and ?rmly protect employees from any form of retaliationfor exercising such rights. The Company will take a zero-tolerance attitude towards attempt to retaliateagainst whistleblowers through threats, intimidation, or personal attacks and will deal with it strictly.

Reporting System

Hefei GCL SI Establishes Feedback Channels for Employee Opinions and Suggestions

2024 GCL SI EmployeeSatisfaction Survey Score

92.4

The Company conducts an annual organizational capacity and employeesatisfaction survey. The survey covers 6 core dimensions of logistics support,basic training, department atmosphere, leadership and management, securityand welfare, and comprehensively re?ects the challenges that employees mayencounter in their daily work and life. The Company prepares an analysis reporton the results of the satisfaction survey and an improvement plan for employeesatisfaction, and follows up on the implementation of the plan. Through thismanagement approach, the Company's employees' sense of belonging and on-the-job happiness have signi?cantly increased, laying the foundation for a morecohesive and favorable working environment for the enterprise.

Employee satisfaction survey

To further enhance the Company's democratic decision-making andmanagement capabilities, protect the legal rights and interests ofemployees, and build harmonious labor relations, Wuhu GCL SI convened itssecond Workers' Congress in July 2024. A total of 72 worker representativesattended the meeting, which approved adjustments to the Company'shuman resources system documents. In accordance with labor laws andregulations, the meeting also deliberated and signed the Collective Contract,further standardizing labor relations and e?ectively safeguarding the legalrights and interests of the Company's employees.

Case

The Second Workers' Congress to EnhanceDemocratic Decision-making

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Hefei GCL SI actively ful?lls its corporate social responsibility by focusingon the lives and employment of people with disabilities, striving toprovide them with equal employment opportunities and helping themintegrate into society. The Company has speci?cally set up the positionof physiotherapist for visually impaired individuals with relevant skills toprovide health therapy services for employees.

Case

Caring for People with Disabilities and CreatingEmployment Opportunities

Diversity,Equity andInclusion

GCL SI values the development of female employees and ensures career opportunities for them. In 2024, female employees accountedfor 27.81% of GCL SI's workforce, with 17.95% representation in middle management and 15.79% in senior leadership, demonstratingour strong commitment to gender equality and diversity.

GCL SI respects and cares for female employees, and has launched various activities on International Women's Day.

Conducting various care activities for female employees to celebrate she-powerCase

Hefei GCL SI Celebrates International Women's DayOn March 8, 2024, Hefei GCL SI held a celebration themed "Her Power - Xin Style" to extendfestival greetings to female employees and provide them with opportunities to showcasethemselves and relax, fostering a harmonious and warm corporate cultural atmosphere. TheCompany specially invited a professional ?orist to conduct a ?ower arrangement workshopfor female employees and organized a city walk event for them to relax in the sunshine andspring breeze, enhancing interaction and communication among sta?.

Blooming Flowers

and Passionate

Hearts

GCL SI Management Center Welcomes Women's Day

To celebrate International Women's Day and express gratitude for the wisdom, strength,and contributions of female employees in their positions, the Management Center of GCL SIorganized a "Fragrance on Fingertips, Just for You" event on the afternoon of March 7, 2024.The event invited six professional manicure artists to provide full manicure services for femaleemployees. The event also featured a hands-on fragrance blending experience guided by aprofessional instructor, who provided detailed instructions on the process, precautions, andblending techniques of perfume. Female employees were free to participate and create theirown unique perfume scents, enjoying the pleasure and sense of achievement from makingsomething by hand.

Fragrance onFingertips, Just

for You

In 2024

GCL SI did not receive any employeecomplaints related to discrimination,harassment or human rights issues.

Diverse talent matrix is the driving force for the Company's sustainable development. GCLSI advocates for a Company culture of diversity, equity and inclusion. We respect individualdi?erences, and support employees with di?erent backgrounds and experiences to exert theirtalents and ful?ll their self-worth at GCL SI.GCL SI has established and implemented systems such as the Management Standards onthe Rights and Interests and Labor Protection of Female Employees and the ManagementSystem on Prohibition of Discrimination and Disciplinary Measures to ensure that employeesare treated fairly and equally in the Company. During the Reporting Period, the Companyreviewed, updated and disclosed the Equality and Diversity Policy, and committed todecisively eliminating any form of discrimination and harassment due to factors such asgender, age, ethnicity, race, nationality, religious beliefs, disability and marital status.To enhance employees' awareness of anti-discrimination, anti-harassment and diversityissues, the Company provides training and communication on these topics to employees.It is worth mentioning that we emphasize the importance of diversity in our sustainabilitycampaigns for senior executives.

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EmployeeTraining andDevelopment

GCL SI continuously improves the promotion mechanism and performance appraisalstandards to inspire the initiative of employees. Meanwhile, supported by a multi-level and all-round training system, the Company provides employees with abundantlearning resources, which helps employees grow with the Company.

Talent Training

GCL SI highly values the growth and career development of employees, andprovides rich and diversified training opportunities for all full-time and part-timeemployees. During the Reporting Period, the Company further optimized the TrainingManagement Standards and Management Standards for Training Curriculum, andadded ESG training, aiming to comprehensively enhance employees' sustainabilityawareness and ability.The Company follows the concept of "three matrices" and designs the trainingcurriculum based on employees' abilities and career development paths. TheCompany has ?ne-tuned the talent training system and carried out training programsaimed at capacity building for employees at different levels, and has establishedseven training modules based on four major career routes. As evidence of employeeperformance evaluation and promotion, employees at all levels are required tocomplete the corresponding courses. We provide all employees with support fortraining and certification of academic and vocational skills. We have proactivelycollaborated with Shanghai Jiaotong University, Jinan University, Tianjin Universityof Technology, Hohai University and other colleges and universities to develop andprovide joint training programs for our employees. The Company always encouragesemployees to acquire more skills and improve their personal quali?cations.

To enhance employee learning efficiency and professional skills, GCL SI has introduced a digital learning platform,committed to providing ?exible and e?cient online learning resources for employees, promoting knowledge sharingand capability enhancement, and providing solid talent support for the Company's digital transformation andsustainable development. The platform has launched over 2,000 classic courses, covering multiple ?elds such as GCLculture, marketing and internationalization, crystalline silicon manufacturing, management, and leadership. It can alsogenerate personalized learning pro?les for employees as their career develops. Employees can log in to the platformthrough the corporate portal or a dedicated entry point to participate in learning tasks anytime, anywhere. In thefuture, the Company will continue to optimize the digital learning platform, continuously improve the course systemand functional design, and create a more e?cient and convenient learning experience for more employees.

Digital Learning Platform to Provide Extensive Learning MaterialsCase

Training Target Matrix

Position Skills Matrix

Training Course Matrix

The concept of"three matrices"

Training Target Matrix

Establish a position system for employees based on their careerdevelopment.

Position Skills Matrix

Describe the core responsibilities and the work skills requiredfor the positions.

Training Course Matrix

Develop training courses corresponding to each positionbased on the requirements of the position skills.

Management route

(M)

Professional route

(P)

Technical route(T)

Operating route(O)01020304

Four career routes

Seven training modulesGCL SILeadership

Program

GCL SIDevelopmentProgram

GCL SIValueProgram

GCL SITechnicalProgram

GL SIMarketingProgram

GCL SIOperatingProgram

GCL SINew-hiresProgram

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To help new employees quickly understand and identify with GCL cultureand empower the "new GCL force," the 98th "GCL Eagle" New EmployeeTraining Camp of GCL University was held at Hefei GCL SI from April 11 to 13,2024. The three-day training camp, totaling 24 class hours, was attended by31 employees from the Hefei GCL SI and Funing GCL SI. The training campaims to help new employees quickly adapt to job requirements throughsystematic course training and practical activities, enhance their sense ofbelonging and identi?cation with the Company, and support the commongrowth of the Company and new employees.

New Employee Training — "GCL Eagle" NewEmployee Training Camp

Case

In 2024, GCL SI initiated the development of Individual Development Plans (IDPs) formanagement trainees, aimed at helping new recruits clarify their career directions,build personalized growth paths, and achieve common development betweenindividuals and the Company. Management trainees, through personal SWOT analysisand career planning, combined with the Company's strategic needs and their owndevelopment goals, work with business mentors to set career development goalsand action plans, covering key aspects such as skill enhancement, job rotation,and training. This initiative not only provides systematic growth guidance formanagement trainees but also promotes in-depth interaction between employeesand business mentors, ensuring that career development paths are highly alignedwith the Company's talent strategy.

GCL SI Talent Training Performance in 2024

Total number of employees trained

Persons6,074

Total training hours

Hours115,130Hours/personAverage training hours per employee

18.95

Hours/personAverage training hoursper male employee

18.29

Average training hoursper female employee

Hours/person

20.68

Average training hours forsenior management level

Hours/person

13.47

Average training hours formiddle management level

Hours/person

75.15

Average training hoursfor junior employees

Hours/person

17.88

Total employeetraining investment

RMB 10,000

Ful?llment rate oftraining plan100%

To enhance the comprehensive skill level of team leaders and build a high-quality, high-skilled grassroots managementteam, Hefei GCL SI o?cially launched the "Hexagonal Warrior" series training program on April 3, 2024, with 65 team leadersparticipating in the training. The training adopts a combination of "theory + practice," holding six theoretical training sessionscovering the working principles and operating standards of core production line equipment such as string welding machines,

To identify and reserve outstanding key talents, optimize the talent structure, and avoid talent gaps, GCL SI launchedits annual talent team building work in 2024. The Company de?ned key positions through four assessment dimensions:

strategic impact, job scarcity, unique skills, and job in?uence, and divided the talent team into three levels based onmanagement hierarchy: top management, department heads, and middle management. Based on the assessmentresults, the Company developed a detailed implementation plan for talent team building, including four premiertraining series: "GCL Leading Edge," "GCL Navigating Paths," "GCL Sailing Horizons," "GCL Setting Sail" – FourPremier Training Initiatives. The Company also established strict dynamic management rules for the talent pool,using "performance, key experience, and capabilities" as the main assessment criteria to regularly evaluate personnelincluded in the talent pool, ensuring the vitality and sustainability of the talent pool.

Frontline Employee Technical Capability Training — "Hexagonal Warrior" Series Training ProgramCase

Case

Middle and Senior Management Training — Talent Journey Plan "GCL SI Premier Training Series"Capability Development Project

lamination machines, and pressing machines. The training also includes a practicalexercise segment of "mentor-apprentice pairing, learning through practice," with30 hands-on mentors providing one-on-one guidance to trainee team leaders. Byconsolidating theoretical knowledge through actual equipment operation, thetraining ensures practical application, preparing a group of "Hexagonal Warriors"with solid technical skills and outstanding management capabilities, laying a solidtalent foundation for the Company's long-term development.

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Talent Development

To establish and improve the talent cultivation mechanism of GCL SI and meet theCompany's demand for management talents at di?erent levels during its development,GCL SI conducts the annual work of selecting and reporting echelon talents. Throughthree steps, namely the sorting of key positions, talent inventory, as well as theselection and reporting of echelon talents, and talent cultivation, a systematic andscienti?c human resources echelon and development system is gradually set up.GCL SI has formulated internal management policies such as the ManagementMeasures for Employee Career Development, Management Standards for Promotionand Demotion and Management Measures for Position Competition to facilitate thecareer development of talents. In 2024, the Company revised the Professional TechnicalCapability Assessment and Application Management Measures to deepen the humanresources reform system of GCL SI. Based on the principles of "separate evaluationfrom appointment, match people to positions," the Company strengthened the reviewof professional technical capability levels and the hiring process, thereby unblockingcareer development pathways for employees. The Company is committed to buildinga fair, just and open promotion mechanism, gradually improving the promotion pathfor employees, and building an innovative multi-channel path for employee promotion.We have divided employee growth into four promotion paths, i.e., management,professional, technology and operation, and set up promotion paths for positionlevels and individual levels for each category. We believe that a reasonable and orderlypromotion system will fully motivate all employees.The Company has established the Management Standards for Performance Evaluationto clarify the performance evaluation and assessment mechanism. The performanceassessment of all employees is based on monthly, quarterly and annual assessments.We prepare different assessment contents for employees of different functions andlevels to ensure the fairness and integrity of the performance assessment system. In2024, the Company further optimized the assessment system of the ComprehensiveManagement Center and its affiliated business units and bases. It strengthened theidentification mechanism for underperforming employees to more accurately meetthe Company's talent management needs to ensure the stability of the evaluationsystem and the continuity of its implementation. The results of employee performanceassessment are leveraged as the basis for merit recognition and commendation, jobappointment, training and development, bonus allocation and salary adjustment.Depending on the assessment cycle, the employees will receive at least one face-to-face

In 2024

The coverage rate of full-time employee performanceappraisal and feedback was100%

performance feedback and coaching per month or quarter. Such feedback and coaching help employeessummarize shortfalls, clarify goals, enhance skills and improve performance.To optimize the human resources allocation and enhance the efficiency and professionalism of theperformance management of the Company, GCL SI carries out management inspections of all businessdivisions and functional departments at irregular intervals and requires them to make timely recti?cations.The inspections include performance management policies, target decomposition and coverage, assessmentand policy implementation, face-to-face interview feedback, and result application, with the aim of ensuringour performance management system is fair and sound.

To enhance employees' professional technical level and career capabilities, the ModuleBusiness Unit of GCL SI launched a professional technical capability level assessment activityin August 2024, covering 396 core employees across multiple fields such as productiontechnology, R&D of science and technology products, digitalization, and supply chain.The assessment was conducted through a "self-presentation + Q&A interaction + paneldiscussion" model, combining real work scenarios to comprehensively evaluate participants'theoretical knowledge, skill operation, and problem-solving abilities, thoroughly examiningtheir overall quality and business capabilities. The activity effectively promoted theimprovement of employees' technical levels, stimulated their professional capabilities anddevelopment potential, and helped the Company build a high-level talent pool.

Professional Technical Capability Level Assessment Held to BuildHigh-level Professional TeamsCase

GCL SI's 2024 Performance Management Improvement Measures

Completed a special inspection and feedback rectification for performancemanagement, covering 14 inspection items across all business units, and organizedthree face-to-face communications and feedback sessions with senior executives toensure the e?ective implementation of recti?cation measures.Established a performance management evaluation and ranking mechanism,targeting subordinate departments and business units, covering six performancemanagement scenarios, implementing quarterly work rankings, and providingfeedback and rectification on evaluation results to enhance the transparency andprecision of performance management.Completed the compilation and application of the Integrated Business IndicatorLibrary KPIs, covering over 900 indicators across all businesses, improving theuniformity of evaluation standards, and promoting the sedimentation andoptimization of the performance evaluation indicator system.Completed the compilation of the Performance Management Guidance Manualand conducted empowerment training for managers, covering over 200 managersin the Company, helping the management team to deeply understand ande?ciently implement the performance management system, and driving the overallperformance improvement of the Company.

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Occupational Health

GCL SI insists on the health and safety guideline of "comply with laws and regulations, actively assume socialresponsibility and build a harmonious environment to ensure a green future for all". We strictly adhere tothe relevant laws and regulations, including theWork Safety Law of the People's Republic of China and the

Law of the People's Republic of China on the Prevention and Control of Occupational Diseases,and establishand improve the occupational health and safety management system to ensure that the company's worksafety and employees' health rights and interests are e?ectively protected. On this basis, we have formulateda series of policies, including the Occupational Health Management System, the Work Safety ResponsibilityAssessment System, the Education and Training System for Work Safety, and the Responsibility Systemfor the Prevention and Control of Occupational Diseases. In 2024, the Company further introduced 12 newmanagement systems, including the Production Safety Expense Investment and Utilization ManagementSystem, Equipment and Facilities Safety Management System, Lockout-Tagout Management System, andOccupational Health Management System. Additionally, it revised 13 existing systems, such as the ProductionSafety Responsibility System, Special Equipment Safety Management System, and Labor ProtectiveEquipment Management System. These measures continuously optimize the safety management system andreinforce the implementation of production safety responsibilities. The Company will continue to re?ne itsOccupational Health and Safety Management System, strengthen employee safety awareness, to drive high-quality and safe development.The Company has set up work safety committees at all factories and requires employees at all levels and in allpositions to strictly implement the responsibility system for safe production according to the "Three Musts"principle, i.e., industry development, business growth, and production and operations must be based on worksafety. We organize employees at all levels and in all positions to sign the Environment, Health and Safety (EHS)Target Management Responsibility Statement to implement the responsibility for safe production. This movehas e?ectively formed a responsibility system for safe production integrating territorial management and linemanagement, and raised the level of independent management.

GCL SI's ISO 45001 Occupational Health and Safety Management System Certi?cationcomplies with the relevant provisions of theLaw of the People's Republic of China onthe Prevention and Control of Occupational Diseasesand has established regulationssuch as the Occupational Disease Emergency Response Plan and the OccupationalHealth Management System to ensure that employees' health rights are effectivelyprotected. In 2024, the Company set the safety goal of "zero safety accidents, zeroexcess emissions, and zero occupational diseases." Through strict occupational healthrisk control, regular safety inspections, occupational disease prevention measures, andemployee training, the Company has comprehensively promoted occupational healthand safety management. As a result, the Company achieved a 100% success rate inmeeting its safety goals, further consolidating its foundation for safe production.

Occupational Health and SafetyManagementSystem

GCL SI's ISO 45001 Occupational Health and Safety Management System Certi?cation

Inform each new joiner in writing of the occupationaldisease hazards, and post management guidelines,bulletin boards and warning signs at the entrance tothe workplace and related positions.

Engage third parties to conduct annual inspectionsof workplaces that may pose occupational diseaserisks, and publish the inspection results in time.

Organize regular occupational disease physicalexamination for employees, complete and update thedeclaration of occupational disease hazard items on time.

Conduct monthly testing on noise and other commonoccupational hazards, develop and implementrectification measures for those whose test resultsexceed the limits.

Measures to

safeguardoccupational health

In May 2024, GCL SI President Jiang Weipeng and his team visited the Hefei GCL SI and FuningGCL SI to hold meetings on target decomposition and performance management specialinspection communication, as well as job level system reform promotion. The meetingsthoroughly reviewed the special inspection reports on organizational and employeeperformance of the Module Business Unit, analyzed the strengths and weaknesses identi?edin the inspection thoroughly, and discussed existing performance management issues withdepartment heads and employee representatives, sharing opinions and suggestions andproviding recti?cation advice. The Company's management also emphasized the importanceof performance management and job level system reform, requiring the HR department toestablish performance management improvement teams at the business unit level to drivethe in-depth implementation of special improvement work. The meetings responded tothe Company's ongoing job level system reform, e?ectively promoting the standardizationand transparency of performance management, and ensuring that employee performancemanagement e?ectively supports the Company's strategy and operations.

Target Employee Performance Management Special Inspection toEnsure Performance Evaluation Standards and TransparencyCase

In 2024

The Hefei GCL SI, Funing GCLSI, and Wuhu GCL SI factorieshave all obtained the ISO45001 Occupational Healthand Safety ManagementSystem certi?cation, covering

of the GCL SI photovoltaicmodule-related productionbases.

100%

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In 2024, GCL SI further optimized various specific safety management measures. TheCompany promoted the upgrade of forklift safety driving systems at all productionbases, requiring the forklifts to be equipped with AI safety identification radars, whichcan automatically detect surrounding personnel and decelerate, effectively reducingthe safety risks associated with forklift operations. The Company also continued tostrengthen the safety responsibility system for all employees, establishing a safetypoints management system to encourage active participation in safety governance.Through points incentives, the Company enhanced employees' safety awareness andpromoted the implementation of safety responsibilities. In addition, GCL SI implementeda monthly safety performance and assessment management system. Each departmentand production base is required to compile a safety performance checklist, collect andsummarize materials monthly, and implement safety performance scoring to ensure thee?ective implementation and continuous optimization of safety management work.

Disclosure itemUnit2024

Number of individualswith work-related healthproblems

Full-time employeePersons0ContractorPersons0Number of individuals withwork-related injuries

Full-time employee

Persons5ContractorPersons0Number of work-relatedfatalities

Full-time employeePersons0ContractorPersons0Number of major work-related injuries (excludingfatalities)

Full-time employeePersons0ContractorPersons0Days of absence due towork-related injuries

Full-time employeeDays486ContractorDays0Total recordable incident rate (TRIR)-0.07

GCL SI Occupational Health and Safety Performance in 2024

EmergencyManagement

To standardize the Company's emergency management and improve factories' abilityto cope with risks from hazards and prevent accidents, the Company has set up aspecial group to formulate the Emergency Programs for Production Safety Accidents.Besides, we have organized an expert review committee to revise and improve theemergency programs and have completed the filing and registration with localemergency management agencies.In 2024

GCL SI conducted

drills in total

To enhance the Company's emergency management capabilities andtest the practicality of ?re emergency response plans and the emergencyresponse levels of various departments, Wuhu GCL SI organized alarge-scale ?re emergency response drill on July 4, 2024, with over 400participants. The drill included multiple segments such as sudden fireoutbreak, smoke-?lled escape, rescue operations, and on-site ?rst aid,involving coordinated e?orts from the emergency response team, rescueteam, and evacuation guidance team. The local ?re rescue brigade alsoparticipated in the drill to provide guidance, enhancing the expertiseand e?ectiveness of the exercise. Additionally, the drill aimed to educateemployees on the use of ?re extinguishers, protective suits, and positivepressure air respirators, as well as safety operation standards for relatedfire emergency equipment. This drill was designed to strengthenemployees' fire safety awareness and emergency skills, ensuring rapidresponse and e?ective handling in emergencies to safeguard companyproduction and employee safety.

"Building Defense through Drills and Preparing forEmergencies through Exercises" — Wuhu GCL SIConducts Fire Emergency Response DrillsCase

Among these incidents, four employees were injured while performing equipment maintenance,and one employee was injuries after falling on stairs. Moving forward, GCL SI will implement morecomprehensive measures to ensure workplace safety and provide a solid safeguard for the healthand safety of its employees.

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Safety Promotion

GCL SI actively engages in safety production publicity, education, and the disseminationof occupational health knowledge to continuously improve employees' safety awarenessand occupational health protection capabilities. For newly hired employees, the Companystrictly enforces a three-level safety training program to ensure they possess the necessarysafety knowledge and emergency response skills. In 2024, the Company organized 90 newemployee safety training sessions, each lasting 24 hours, with a total of 1,955 participants,achieving a 100% coverage rate for new employee safety training. This ensures that all newemployees fully understand safety production requirements before starting their positions.Additionally, the Company organized 19 specialized safety training sessions, includinghazard identi?cation and grading control training, job risk training, and forklift operationsafety training, with a total training duration of 28 hours and covering 3,686 participants,achieving comprehensive safety training coverage for all employees.

To enhance employee safety awareness and strengthen corporate safetyproduction management, Wuhu GCL SI held a special knowledge lectureactivity during the "Safety Production Month" on June 27, 2024. The lecturefocused on three main topics: the current state of safety production, enterprisesafety risk management, and the establishment of a comprehensivesafety responsibility system for all employees. Experts provided detailedexplanations on the importance of safety production, analyzed actual accidentcases, and delved into how the Company can conduct risk identi?cation andcontrol, establish a comprehensive safety production responsibility system,and improve the safety education and training system. This lecture aimed topopularize safety production knowledge and emergency skills, enhance thesafety responsibility awareness of all employees, and further promote theCompany's safety production culture.

"Everyone Talks about Safety, and Everyone KnowsHow to Respond"—Wuhu GCL SI's "Safety ProductionMonth" Expert Knowledge-sharing LectureCaseIn 2024

the Company conducted a total of

totaling

and covering

training sessions

hours

participants

3,079

20,452.50

75,599

related to employee occupational healthand safety

To reinforce the safety responsibility awareness and knowledge base of middleand senior management personnel and enhance the Company's safetymanagement level, Hefei GCL SI conducted safety training and capabilityassessments for middle and senior management through the Safety Committeeplatform. In 2024, a total of 11 training sessions were organized, with 127participants from middle and senior management. The training themes werediverse, covering multiple dimensions such as legal and regulatory learning,accident prevention, emergency management, and safety productionstandards. The training utilized case sharing and legal interpretation to make thecontent more relevant to actual work scenarios, increasing its practicality andengagement. Through systematic training and assessment, the Company furtherstrengthened the management's understanding and emphasis on the Company'ssafety production responsibilities, ensuring their leadership role in the Company'ssafety production and providing a solid guarantee for the implementation ofsafety production.

Middle and Senior Management Safety Training andAssessment to Raise Safety Management LevelCase

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ResponsibleSupply Chain

GCL SI views the supply chain as a crucial part of its operations and believes that e?ectivesupply chain management is a key factor for sustainable corporate development. TheCompany has established and strictly implemented control measures and proceduralsystems such as the Supplier Management Procedure and Procurement Process Controlto systematically manage the procurement process and ensure the robust operation anddevelopment of the supply chain. GCL SI has also formulated and publicly disclosed theCode of Conduct for Partners, which includes the following important principles:

GCL SI makes it clear that suppliers who violate the Code of Conduct for Partners will facepenalties, including suspension of cooperation and termination of business relationships.

SupplierManagement

GCL SI conducts daily supplier management in accordance with the Supplier ManagementStandard and Procurement Process Control Procedure. Through a system of supplierclassification and grading management, supplier performance evaluation, and supplieraudits, the Company ensures that supplier management is scienti?c and fair. The Companyhas established a comprehensive Supplier Management Control Procedure and developedsupplier training content to deepen suppliers' understanding and mastery of the Company'spolicies on the Code of Conduct for Partners, anti-corruption policies, human rights policies,con?ict minerals policies, and social responsibility. Additionally, the Company has updatedthe Procurement Process Control Procedure to further clarify speci?c requirements regardingthe frequency of inquiries for main materials, procurement processes, and documentationarchiving, enhancing the standardization and transparency of procurement management.

Suppliers are categorized into strategic suppliers, preferredsuppliers, general suppliers, and suppliers under recti?cation. Forsuppliers under recti?cation, if they still fail to meet standards afterrecti?cation, the supplier exit mechanism will be initiated.

Supplier Management PhaseKey Points of Supplier Management

Suppliers are graded into Level 1, Level 2, and Level 3 based onproduct quality, technological advancement, importance of use,and supply capability.Following the principles of "quality, cost, delivery, and service," allprocurement activities are subject to supplier performance evaluation,jointly scored by the requesting department, quality, technology, andsupply chain departments. Based on the evaluation results, suppliersare divided into Level I, Level II, Level III, and Level IV. Our performanceevaluation criteria include delivery time, quality, service, price, andother factors. Looking ahead, we will progressively incorporatesuppliers' ESG performance into our scoring system.Scores ranging from 90<X≤100 are Level I, 80<X≤90 are Level II,70≤X≤80 are Level III, and X<70 are Level IV.GCL SI conducts both on-site and o?-site audits. We periodically revisitand audit strategic suppliers and suppliers with significant businessrelationships to understand their operational production status, qualityassurance systems, production costs, and ?nancial conditions, and todiscuss issues and suggestions in the cooperation process.In supply chain risk management, GCL SI has formulated specificmanagement plans and implementation measures, includingregular monthly reporting of demand and arrival plans to assesspotential risks in advance and develop response strategies.Additionally, the Company has explicitly stipulated force majeureclauses in procurement contracts to further mitigate and reducerisks brought by supply chain disruptions or uncontrollable factors,ensuring the stable operation of the supply chain.

Adherence to the Universal Declarationof Human Rights, ILO Conventions No. 1,14, 132, 138, and similar standards (unlesssuperseded by local laws) to ensure thathuman rights and personal dignity arerespected at all times.

Implementation of a consistentenvironmental management planand compliance with environmentalstandards to continuously minimizeresource consumption andenvironmental impact.Speci?c e?orts in reducing emissions(including greenhouse gases),waste, and water usage, as well asimplementing sustainable resourcerecycling and management.Adherence to local competitionlaws and anti-corruption laws.Truthful and accurate disclosureof suppliers' manufacturing,production, and sales information;conducting appropriate duediligence on suppliers.Absolute prohibition of the use ortrade of "con?ict minerals" in theprocurement, production, anddelivery of GCL SI's products.

Strict prohibition of child labor andforced labor as defined by the ILO,ensuring employees' freedom ofmovement and association.

Prohibition of any form of discrimination,harassment, or retaliatory behavior.

Ensuring employees have access tosafe and healthy working conditions.

Adherence to local laws regardingminimum wages, compensation,working hours, and bene?ts.

Ensuring all overtime work is voluntary andcompensated according to applicable laws.

As the end of the Reporting Period

During the Reporting Period

of which

were Level I suppliers

There were

new suppliers

of whichwere Level I suppliers

SupplierClassi?cationManagement

Supplier

GradingManagement

SupplierPerformance

Evaluation

Grading

Supplier

Audits

SupplyChain RiskManagement

GCL SI Supplier Management System

GCL SI had a total of

suppliers

in its database

A total of

suppliers had

signed anti-bribery agreements/integrity agreements

and

had signed anti-bribery

agreements/integrity agreementscooperation with

suppliers was

terminated

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Supply Chain ESGManagement

GCL SI recognizes that ESG impacts and risks within the supply chain may di?er fromthose related to its own operations. To better manage these risks, the Company hasintegrated ESG control measures into the procurement process, ensuring orderlyand e?cient supply chain ESG management through the EHS Assessment Method inconjunction with the Supplier Management Control Procedure.Supplier Selection

Supplier Collaboration

Prioritize suppliers certified with ISO 9001 Quality Management System, ISO14001 Environmental Management System, and ISO 45001 Occupational Healthand Safety Management System, under equal conditions.Preferentially partner with suppliers that have obtained carbon footprintcerti?cation or o?er products with lower carbon footprints.Implement a veto system for suppliers providing false materials.

Sign integrity agreements.Require suppliers to comply with laws and regulations and the Code of Conductfor Partners.Eliminate suppliers that experience major safety accidents.Conduct on-site audits for suppliers' environmental or social issues.

of core suppliers for Hefei GCL SI andFuning GCL SI have signed safety andenvironmental protection agreements.

100%

Disclosure Item2024

GCL SI Supplier Management Performance in 2024

Total Number of Suppliers in InventoryPercentage of Suppliers in InventoryTotal Number146100%Number of Suppliers Signed EHS Agreements12182.88%Number of Suppliers Certi?ed with ISO 14001 Environmental Management System 12484.93%Number of Suppliers Certi?ed with ISO 9001 Quality Management System 14095.89%Number of Suppliers Certified with ISO 45001 / OHSAS 18000 OccupationalHealth and Safety System

11981.51%Number of Suppliers Certi?ed with Product Carbon Footprint Certi?cation 2315.75%Total Number of New SuppliersPercentage of New Suppliers

Total Number38100%Number of Suppliers Certi?ed with ISO 14001 Environmental Management System 2873.68%Number of Suppliers Certi?ed with ISO 9001 Quality Management System 3797.37%Number of Suppliers Certified with ISO 45001 / OHSAS 18000 OccupationalHealth and Safety System

2873.68%

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Con?ict MineralsManagement

Nurturing onFuture Talent

HazardousSubstancesManagement

Equal Treatmentof SMEs

Conflict minerals management is crucial for photovoltaic companies, especially batterymodule manufacturers, as it concerns corporate social responsibility, brand image, andsupply chain stability. GCL SI has publicly released the Conflict Minerals CommitmentStatement and strictly implemented conflict minerals control policies to ensure thatraw material procurement complies with ethical standards, avoiding the indirectexacerbation of regional con?icts and human rights violations due to the use of mineralsfrom conflict-affected areas. We believe this helps maintain supply chain transparency,align with international regulatory requirements, enhance the Company's reputation andcompetitiveness in the global market, and is a key measure for promoting a fair transition inthe supply chain and achieving sustainable development goals.When we use these materials (especially tin and copper) to manufacture photovoltaicmodules, we require suppliers to trace the mineral sources and sign and provide a Con?ict-Free Minerals Declaration along with supporting documentation for the traceability results.We require all suppliers to comply with GCL SI's Con?ict Minerals Commitment Statement;we also commit to never using or selling conflict minerals. Suppliers involving conflictminerals risks have 100% signed the Con?ict-Free Minerals Declaration.

GCL SI is concerned about youth education and understands the importance ofnurturing future talents. During the Reporting Period, we established industry-academia-research collaborative education bases and launched educationalprograms on new energy and environmental protection, so as to give young peoplegreater chances for learning and growth.

Adhering to the concept of sustainable development, the Company strictly implementshazardous substances control and practices the principle of equal treatment forsuppliers. Regarding hazardous substances, we require all raw material suppliersto provide Material Safety Data Sheets (MSDS) and RoHS Directive compliancedeclarations, and to sign a legally binding Commitment to Non-Use of HazardousSubstances, ensuring that raw material procurement meets environmental and safetystandards and eliminates risks to health and the ecological environment.

In the procurement process, we adhere to the principle of equal treatment forenterprises of all sizes, safeguard the rights and interests of SMEs, strictly enforcecontract terms, and eliminate the practice of overdue payments, building a fair andtransparent business ecosystem.

Con?ict Minerals Management Performance in 2024

Number of Suppliers Involving "Con?ict Minerals" Risks

Percentage of Suppliers Signed Con?ict-Free Minerals Declaration

100%

CommunityContribution

Committed to spreading positive energy in society, GCL SI actively engages in publicwelfare undertakings to contribute to a better community. We give back to society withpractical actions to make more people feel the warmth and kindness of the Company.

In August 2024, the Organization Department of Funing Countyled a summer social practice team of college students to visitFuning GCL SI for an observation and research visit. During thevisit, Funing GCL SI introduced the Company's developmenthistory, technological innovation, and industry prospects to theteam and guided them through the fully automated productionlines at the base, showcasing the cutting-edge dynamics of thenew energy industry. Team members engaged in discussionson employment prospects and research applications, and theCompany patiently answered their questions and providedcareer development advice, sparking the students' interest andenthusiasm for new energy technologies.

In May 2024, Funing GCL SI and Nanjing Tech University, School of Energy Science and Engineering held a signingand plaque presentation ceremony for strategic cooperation, further deepening industry-academia collaboration todrive talent development and technological innovation in the new energy sector. The two parties engaged in in-depth

Social Practice Opportunities for University Students as Potential Talent Recruitment ChannelCase

Strategic Cooperation Agreement Signed with University to Promote In-depth Industry-academia-research CollaborationCase

exchanges on talent education and research cooperation in thenew energy industry and reached several consensuses. FuningGCL SI aims to leverage the university's research resources andtalent pool to supply high-quality professionals and enhanceits technological innovation capabilities. The School of EnergyScience and Engineering of Nanjing Tech University will alsoutilize its research team and innovation advantages to shareresources with Funing GCL SI, jointly expand cooperation areas,and cultivate interdisciplinary talents in the new energy ?eld.

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VolunteeringActivities

At GCL SI, we are deeply invested in the development of the communities where weoperate and are dedicated to fostering a culture of volunteerism. During the ReportingPeriod, our volunteers took an active part in various activities, aimed at providingconvenience to the public, spreading the green low-carbon concept, and helpingthe disadvantaged groups, making great efforts to promote social harmoniousdevelopment. In the future, the Company will continue to deepen its volunteer servicesystem, expand public welfare projects, and grow together with the community.

On September 14, 2024, ahead of the Mid-Autumn Festival, the trade union chairman of Hefei GCL SI, party memberrepresentatives, and some employees formed a volunteer service team to visit Yuhe Community in Feidong County CircularEconomy Demonstration Park to care for the elderly living alone. The volunteer service team had a warm exchange with

On August 1, 2024, representatives from the Safety and Environmental Department and Plant A?airs Department ofHefei GCL SI visited the Feidong County Fire Rescue Brigade and the Feidong County Circular Economy DemonstrationPark Fire Station, sending festival greetings to ?re?ghters who were on duty in the scorching heat. During the event,company representatives presented summer heat-relief items and daily necessities to the firefighters, exchangedwarmly with them, and expressed gratitude for their signi?cant contributions in ?re?ghting, rescue operations, andsocial assistance. The Company also hoped that this visit would enhance public attention and support for ?re?ghtingwork, facilitating the smooth progress of fire rescue missions. Both sides also discussed the Company's fire safetyeducation and emergency responses, reaching a consensus for long-term cooperation. This event further deepenedthe interaction between Hefei GCL SI and the local fire brigade, building a joint platform for fire safety work andstrengthening the safety line of defense.

"Passing Love through Mooncakes" — Hefei GCL SI Visits Yuhe Community to Care for the Elderly

Pay Tributes to Fire?ghters Through Visits

Case

Case

On March 12, 2024, Tree Planting Day, Hefei GCL SIorganized a "Green Recycling, Love in Circulation" usedbook donation campaign, calling on all employees todonate books in exchange for green plants they like,guiding employees to establish a sustainable developmentconcept of saving resources and low-carbon environmentalprotection. A total of over 600 used books were collectedduring the event and will be sent to impoverished areasto promote knowledge-sharing and achieve the full useof resources. The activity not only extended the life valueof books but also advocated a green and environmentallyfriendly concept.

Book Donation for Love and Greenery—Hefei GCL SI's Used Book Donation CampaignCase

"Spring Warmth Passed On by GCL" — Wuhu GCL SI's "Lei Feng Month" Initiative to Care forChildren with Special NeedsCase

On March 6, 2024, more than ten employee volunteersfrom Wuhu GCL SI visited the Qizhi School in WanzhiDistrict to conduct teaching assistance activities,bringing love and care to the world of children withspecial needs. Volunteers accompanied the childrenin recognizing characters, paper-cutting, and painting,completing lively handicrafts together. They alsoenhanced the children's physical coordination andsocial skills through sports, games, and readinginteractions, allowing them to feel care and warmthin joy. This "Lei Feng Month" public welfare activitynot only brought warmth to special children but alsoshowcased the Company's kind actions in caring forspecial groups and conveying positive social energy.

the elderly, learned about their difficulties in life, andpresented them with 300 mooncakes made by theCompany, bringing them the warmth of the festival.Additionally, the volunteer service team visited the YuheCommunity Party Mass Service Center to learn from itsexperience in party building and serving the people. Thisevent, as the first stop of the "Hefei GCL SI ProductionThree-Year Anniversary Public Welfare Tour," not onlybrought warmth to the elderly but also highlighted theCompany's commitment to caring for the communityand actively ful?lling its social responsibilities.

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RuralRevitalization

GCL SI has actively responded to the national call for rural revitalization and continuesthe e?orts to consolidate and expand the achievements of poverty alleviation. GCL GreenEnergy goes deep into villages in Henan, Anhui, Ningxia, Hunan and other provinces toprovide professional and efficient intelligent operation and maintenance services forvillage-level poverty alleviation PV power stations. Such projects supply clean energyto the local areas, reduce the dependence on traditional energy sources, and drive theeconomic development of the regions and the improvement of social welfare.

Additionally, GCL SI actively carried out pairing assistance work. The Companyprovided financial support, technical assistance, and talent delivery to helpimprove local infrastructure and promote industrial upgrading, actively driving localemployment and economic development.

In 2024

The project's cumulative annual powergeneration totaled

ten thousand kWh14,150

In 2024, GCL SI demonstrated signi?cant contributions to photovoltaic povertyalleviation. The Company provided professional and efficient intelligentoperation and maintenance services for 160 village-level photovoltaic povertyalleviation power stations across provinces such as Henan, Anhui, and InnerMongolia, with a total capacity of 78 MW. These projects generated 141.5million kWh of electricity annually, delivering clean energy to impoverishedregions and injecting robust momentum into rural revitalization.

Actively Engages in Poverty Alleviation ThroughPhotovoltaic Projects, Contributing to Rural Revitalization

Case

Village Power Station in HualongVillage Power Station in Fuyang

In November 2024, Wuhu GCL SI was invited to participate in the "HundredEnterprises Revitalize Hundred Villages" conference in Wanzhi District,Wuhu City, and paired with Henggang Community for joint development,promoting rural revitalization and economic growth. Wuhu GCL SI will providecomprehensive support in multiple areas, including agricultural productprocurement, homestay construction, and public welfare activities, to drivethe community's comprehensive development and accelerate its economictransformation and upgrading through practical actions. This partnership notonly brings new development opportunities to Henggang Community butalso provides a platform for Wuhu GCL SI to actively respond to the call forrural revitalization and explore new pathways for its implementation.

"100 Enterprises, 100 Villages: Paired for Development"— Wuhu GCL SI Partners with Henggang Community forJoint Development

Case

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Strategic GoalsIndicators 2024 PerformanceUnitBased on 2024, increase R&D investment by20% by 2028.

R&D InvestmentRMB 10,00021,021.69By 2030 at the latest, maintain zero productrecalls annually.

Number of Product Recall

Incidents

Cases0By 2030 at the latest, maintain an annualcustomer satisfaction score above 97 points.

Customer Satisfaction ScorePoints98.5By 2030, achieve 100% coverage of IT securityrisk assessments across all operations.

IT Security Risk Assessment

Coverage Rate

%0By 2027, ensure that all IT infrastructure andinformation systems of the Company arecerti?ed under the ISO 27001 system.

ISO 27001 SystemCerti?cation Coverage Rate

%0

E「X」cellence

With the mission of "focusing on green development and continuously improving the livingenvironment for humanity", GCL SI foresees the infinite possibilities led by innovation. Bystrengthening our R&D capabilities and improving product quality and customer satisfaction, wepersist in providing robust momentum to the global energy transition.

At GCL SI, innovation starts with customer needs andthrives through open collaboration.

Contribution to the United Nations Sustainable Development Goals

Strategic Goals and Annual Performance

GCL SI will conduct IT security risk assessments and pursue ISO 27001 certi?cation starting in 2025, actively safeguarding data andprivacy security.

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Innovation-driven

Adhering to the concept of "technology leading and innovation-driven", GCL SIoptimizes the R&D management, promotes product innovation, enhances industrialcooperation and communication, and leads technological breakthroughs in the ?eldof clean energy, thus contributing to the development of the industry.R&D Management

R&D Platform

To ensure the e?ciency and systematic approach of our R&D e?orts, in 2024 GCL SIrestructured its R&D management organization by reorganizing the Crystalline SiliconResearch Institute. The R&D functions for batteries and modules were integratedinto this institute. Additionally, the Company established functions such as productmanagement, intellectual property management, and technology management tofurther re?ne its R&D management system.GCL SI has established an R&D management standard system, and formulated andimplemented internal policies, including the Management Standards for Scientificand Technological Work, the Management Standards for Scienti?c Research Projects,the Design and Development Control Procedures and the Management Standardsfor Scientific and Technological Achievements. These policies standardize themanagement process of the Company, including technological strategy management,technological incentive management, R&D project management, technicalstandard management, intellectual property management, and scientific researchworkstation management. In 2024, the Company formulated new regulations suchas the Product Incentive Management Measures and the Management Measures forthe Implementation and Incentives of Scientific Research Projects, and revised theManagement Measures for Postdoctoral Workstations. These actions were taken toestablish and improve a comprehensive R&D management system.By the end of the Reporting Period, theCompany had a total of

R&D personnel

national postdoctoral workstation

GCL SI ownshigh-tech enterprises

Disclosure itemUnit202220232024

R&D expensesRMB 10,0008,095.9814,640.1221,021.69R&D expenses as a percentage of total revenue%0.970.921.29Number of R&D personnelPersons133240329R&D E?ciency

Items per

Person

0.500.380.24

GCL SI R&D Expense Performance in 2022 to 2024

our R&D expenses were

210.22

RMB million

GCL SI, leveraging its robust technical capabilities accumulated in photovoltaic module R&Dand system implementation, has joined forces with multiple universities and enterprises toundertake the "14th Five-Year Plan" National Key R&D Program under the "Key Technologiesand Core Components Development and Engineering Demonstration for Near-O?shore FloatingPhotovoltaic Power Generation" project. This project aims to develop independent intellectualproperty rights, core commonalities, key technologies, and complete sets of equipment for near-o?shore ?oating photovoltaic power generation. The outcomes of this project will establish China'sworld-leading position in the ?eld of near-o?shore photovoltaic development technology.

Participation in the National Key R&D Program "Key Technologiesand Core Components Development and Engineering Demonstrationfor Near-O?shore Floating Photovoltaic Power Generation"Case

provincial and municipal-

level key science and technology projects

an increase of

43.59%

over the previous year

provincial and municipal-

level engineering technologyresearch centers

provincial and municipal-level

enterprise technology centers

national green factory

With strong R&D capabilities, GCLSI has undertook

national science and

technology projects

provincial-level

intelligent factory

R&D E?ciency = Number of New Patent Applications Filed Annually / Number of R&D Personnel

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Leading Innovation

In 2024, GCL SI continued to advance the transformation and implementation ofinnovative R&D results in product development, with several products reachingindustry-leading levels.

In June 2024, the first 0BB mass production line module of GCL SI was officially launched at Hefei GCL SI, marking asuccessful breakthrough in 0BB technology.The 0BB technology, also known as zero busbar technology, is an upgrade from multi-busbar (MBB/SMBB) technology andis currently a key focus in the R&D of N-type modules. This technology eliminates the main busbars, retaining only the ?negrid lines, with interconnect ribbons directly connected to the ?ne grid lines to conduct electricity, signi?cantly reducing thecost of silver paste used in module production.

In October 2024, the average warehouse e?ciency of GCL SI's N-type TOPCon batteries reached 25.4%, 0.2% higher thanthat of mainstream industry manufacturers, placing it at the top of the industry.

Launch of the First 0BB Mass Production Line Module

N-Type TOPCon Battery Average Warehouse E?ciency Reaches 25.4%, Leading the Industry

Case

Case

Through technological breakthroughs in the manufacturingprocess, the Company increased the light absorption areaof the 0BB modules, reduced internal resistance lossesand incidence angle modifier (IAM) losses, achieving amodule power output of 650W and a conversion e?ciencyof over 23.2%. The production process of these modulesalso employs low-temperature soldering, reducing thermalstress on the cells during soldering, effectively minimizingmicrocracks and ensuring high reliability of the modules.Additionally, the 0BB mass production line modulesintegrate Lotus anti-dust technology, further enhancingproduct competitiveness.

The average warehouse e?ciency of photovoltaic batteriesrefers to the average conversion e?ciency of the batteriesupon final storage after production, inspection, andvalidation over a certain period. It is an important indicatorof the actual performance of photovoltaic batteries,re?ecting their true energy conversion capabilities duringmass production and storage. The Company's N-typeTOPCon batteries achieving the industry's top positionin average warehouse efficiency reflects the technicaladvancement and industry leadership of its batteryproducts, setting a new benchmark for the photovoltaicbattery industry.

In October 2024, the first GPC Lotus module of GCL SI was officially launched at Hefei GCL SI. The GPC Lotus moduleintegrates GPC technology and Lotus self-cleaning technology, representing the Company's ?rst generation of back-contactproducts with four core advantages: high e?ciency, aesthetics, added value, and reliability.In terms of efficiency, the GPC technology, with no front-side busbars, further enhances the optical and electricalperformance of the modules. The single-glass and double-glass GPC Lotus modules, packaged on the 182×210 cellsize platform, achieve maximum efficiencies of 680W (25%) and 670W (24.6%) respectively, effectively increasing powergeneration by 7% compared to TOPCon technology. In terms of appearance, the GPC Lotus module has no A-side onthe front, featuring a lifting design for installation that replaces traditional clamps, truly realizing a "full-screen" effect.In terms of added value, the GPC Lotus module o?ers higher installation capacity per unit area, less energy loss for cellsin high-temperature environments, excellent low-light response for all-day power generation, and superior anti-hotspotperformance. In terms of reliability, the "I"-shaped soldering of the GPC Lotus module reduces the risk of microcracks and

Launch of the First GPC Lotus ModuleCase

power degradation, ensuring high product reliability.According to empirical testing, the power generation ofGPC Lotus modules can be e?ectively increased by 7.5-12%.The GPC Lotus single-glass and double-glass modules canbe applied in various scenarios, including commercial andindustrial, residential distributed, and ground-mountedpower stations, continuously meeting the needs of usersin different scenarios for high-efficiency and reliablephotovoltaic products and supporting the low-carbontransition of society.

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Intellectual PropertyProtection

To protect the Company's innovation capability, GCL SI strictly abides by laws andregulations such as theTrademark Law of the People's Republic of Chinaand thePatent Law of the People's Republic of China. Besides, the Company has formulatedand strictly follows internal policies such as the Intellectual Property ManagementStandard, the Patent Management Standard, the Trademark Management Standardand the Copyright Management Standard to comprehensively regulate the protectionof intellectual property rights.

GCL SI attaches great importance to the protection of intellectualproperty rights and actively engages in registration, ?ling and applicationof intellectual property rights. Concerned departments are required totrack the registration and authorization of trademarks, patents, tradenames, and other intellectual property rights. The intellectual propertymanagement department will take proactive measures in case of anypotential infringement of the Company's intellectual property rights.The Company also conducts intellectual property awareness campaignsand training.To prevent the Company from infringing on the intellectual propertyrights, the Company has established an intellectual property retrievalsystem, covering various aspects such as product and technologyR&D, creation of the work, the use of trademark, imports and exports,participation in exhibitions, and advertising, which helps avoidintellectual property disputes. Moreover, the contract must includeprovisions regarding infringement of third- party intellectual propertyrights to protect both parties' intellectual property rights whencooperating with suppliers or other partners.

By the end of 2024

GCL SI had a total of

from the previous Reporting Period

an increase of

patents

21%

The Company places great emphasis on intellectual property (IP) managementand has established a comprehensive IP training system. IP training is dividedinto two main sections: basic training and specialized training. Basic trainingis aimed at technical personnel, including those in battery and moduledevelopment, covering positions and departments in R&D, process, andequipment. In 2024, the Company conducted two basic training sessionsfocusing on the fundamental knowledge and skills of intellectual property.Specialized training, tailored to different technologies and product types,involves 4 to 5 training sessions and exchanges with relevant R&D and technicalpersonnel each month, focusing on solving complex IP issues.

Comprehensive Intellectual Property Management TrainingCaseIn 2024

The Company did not engage inany acts of intellectual propertyinfringement.

Disclosure itemUnit2024

Cumulative number of patents authorizedItems656Cumulative number of invention patents authorizedItems97Cumulative number of trademarks and copyrights heldItems28Cumulative number of software copyrights heldItems35Number of new patent applications of the yearItems80Number of new authorized patents of the yearItems68

GCL SI Performance for Intellectual Property Protection in 2024

Protecting

our ownrights andinterests

Respecting

the rights

of others

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IntelligentManufacturing

GCL SI, guided by the strategic orientation of "Industry 4.0 Intelligent Manufacturing + Greenand Low-Carbon," has established the "GCL SI Green Intelligent Manufacturing 4.0" blueprint.Following the principle of "overall planning, gradual implementation, solid foundation, andvalue-driven," the Company continuously enhances its intelligent manufacturing level, aimingto create a global hub for intelligent manufacturing in the photovoltaic industry.

In terms of production and manufacturing, GCL SI takes the Manufacturing Execution System (MES) as the core to integrate the entireproduction process and build a big data platform for production. The Company focuses on lean management as the handle andintelligent manufacturing as the goal, constructing a systematic framework around "one foundation," "two pillars," and "one core" toachieve intelligent manufacturing.

GCL SI follows the development trends of digitization and intelligence, and continuously explores the methods and paths to empowerbusiness development with digitization and intelligence. On the one hand, by deploying 5G network, AI image recognition and otherintelligent technological equipment in the production workshop, the number of frontline employees and their labor intensity havebeen greatly reduced, and the labor e?ciency of employees and product quality have been improved; on the other hand, by building aproduction management system covering all production links and integrating it comprehensively with the core business systems, it hasachieved full interconnection of data and business processes among various business departments, including production, equipment,technology, quality, warehousing, operation, and industrial engineering (IE). Additionally, it has realized the visual management of theproduction execution process, providing e?ective digital support for the manufacturing base to gradually achieve real-time managementdecision-making, quality improvement, cost reduction and e?ciency increase.

LeanProductionIntelligentAutomation

IntelligentProduction Lines

AutomatedPromotionIoTIntelligentWorkshops

Key IOT

MES+Intelligent Factories

System Operation,Maintenance and TestingIntelligentLogistics

Based on Three

Guidelineson LeanProduction

Premised on Real-

time Interaction

Big Data CloudManagement with

"Intelligence" at its Core

Foundation2 Pillars1 Core

Streamlined ProductionStabilized ProductionStandardized Production

Intelligent DesignIntelligent ManufacturingIntelligent SalesAutomationInformatization

Top-down Engagement

Unified ManagementRecyclable Process

ISA95Standard

Levels ofIntelligent Manufacturing

Level 4Company

Level 3

Manage-

ment

Level 2Operation

Level 1

Control

Level 0

Producti-

on Site

Green IntelligentManufacturing 4.0 of GCL SI

Product R&D Management

Manufacturing Management

Green Lean Management

Corporate Operation

Management

CompanyCloud

Digitalized ProductManufacturing(Process/Factory

Planning)New ProductIntroduction(NPI)

Product Configuration/Closed-loop Validation ManagementTechniques/Files/Trials/Collaboration

Digitalized ProductValidation(1D/3DSimulation/Testing)

Sales/Procurement/Warehouse

Management/CRM/SRMFinance/Cost/Staff Management/SAP

Operation Management/SupplyManagement/Carbon Management

Data Management/Decision-making AnalysisDigitalized Productsand Services(ServiceEngineering)Digitalized ProductDesign and R&D(PDM)

L1-L20L1-L20L1-L14

IoT

IntelligentCompany/BusinessDivisions

IntelligentManufact-uringManage-mentLean/GreenManage-mentIntelligentFactoriesIntelligentProduction LinesIntelligentEquipment

Manufacturing ExecutionSystem(MES)

Energy Management

System(EMS)

Facility Management

(FM)

Environment, Health and SafetyManagement(EHS)

Lean Production Management

(LPM)

Enterprise Manufacturing

Intelligence(EMI)

Quality ManagementSystem(QMS)

Advanced Planning and

Scheduling(APS)

Warehousing/Transpor-tation ManagementSystems(WMS/TMS)

Supervisory Control and DataAcquisition/ProgrammableLogic Control(SCADA/PLC)

Unified Framework for Manufacturing and Operation

Interconnectivity on the Production Site

Production Lines of CellsProduction Lines of Modules

IntelligentManufacturing

FlexibleManufacturing

Technology

Paths

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GCL SI has developed an intelligent control platform to coordinate flexible manufacturing, empowering multi-order productmanufacturing and enhancing production e?ciency. The Company's intelligent control platform is capable of obtaining data frommultiple sources, storing and processing data related to people, machines, materials, methods, and environment, and rapidlyapplying and developing new solutions. This platform features rapid data visualization, multi-dimensional analysis, and machinelearning algorithm development capabilities, supporting process innovation, process optimization, intelligent production, andachieving digital enterprise management.

In the research and application of arti?cial intelligence (AI) technology, the Company always adheres to the principle of technologyfor good, follows and actively practices ethical norms in technology, and provides employees with training and dissemination ontechnology ethics to ensure the safety and reliability of AI applications.

GCL SI's achievements in intelligent manufacturing have been widely recognized. In 2024, Funing GCL SI was listed on the "JiangsuProvince Intelligent Manufacturing Factory" list for the year 2024, receiving the honor of "High-Efficiency Photovoltaic ModuleIntelligent Manufacturing Factory." Funing GCL SI also made it to the ?rst batch of "Jiangsu Province Five-Star Cloud-ConnectedEnterprises" in 2024. Wuhu GCL SI was included in the "2023 China Intelligent Manufacturing Cornerstone and China IntelligentEnterprise Directory," receiving the honor of "Outstanding Achievements Enterprises in Digital Transformation."

In November 2024, Hefei GCL SI successfully developed and deployed the first photovoltaicmodule process robot based on a private large language model, achieving an in-depthintegration of AI technology and traditional manufacturing.The core highlight of this project is the adoption of a private deployment solution. Under thepremise of ensuring data security, the new generation of large language model technology hasbeen successfully applied to the photovoltaic manufacturing ?eld. It features o?ine operationwithout reliance on external networks, closed-loop management of core data, and completeself-control of the process knowledge system.The process robot is equipped with accumulated process data and expert experience. Basedon the technological advantages of the large language model, the robot has the ability tocontinuously learn, enrich its knowledge base, optimize problem-solving strategies, enhancereasoning and analysis capabilities, and adapt to new processes and equipment. It offerssigni?cant advantages in technological innovation, e?ciency improvement, and cost reduction.

Successful Deployment of the First Private Large Language Model-Based Process RobotCaseIndustrial Dashboardsfor Flexible andAutomatedProduction LinesIntelligence +Human-machine

Collaboration

AR Remote Assistance

in Maintenance

EL Man-less ReviewFacial Recognition at

Key Stations

Packaging Robots

Gear Distribution

Forecasts

Material MixRecommendations

Cell Supply AnalysisProduction Anomaly

PredictionIntelligence +Predictive Analytics

AGV Logistics SchedulingEnergy Consumption

Optimization for Air Compressors

Intelligent ProductionScheduling

Factory-wide WorkSafety Management

Intelligence +OperationalImprovement

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In June 2024, GCL SI participated in the Intersolar Europe2024 in Munich, Germany. The Company's carbon chainmodule SiRo, with its pioneering blockchain-basedphotovoltaic carbon footprint management, becamea focal point of the exhibition, showcasing low-carboninnovation solutions.

In November 2024, GCL SI was invited to the Large Scale Solar CEE and delivered a keynote speech on "Innovatingthe Future: Efficiency, Carbon Reduction, and Traceability." The Company engaged with attendees to explore thelatest breakthroughs and future trends in solar technology, aiming to inject more momentum into the green energydevelopment of the Central and Eastern European region.

Participation in the 17th SNEC PV Power Expo (Shanghai) Exhibition and Winning the Highest Terawatt Diamond Award

Participation in the Intersolar Europe 2024 in Munich, Germany

Attendance at the Large Scale Solar CEE Summit

Case

Case

Industrial Cooperation and Exchange

Industrial Cooperation and Exchange

GCL SI has been actively engaged in various kinds ofindustry cooperation and exchanges. We collaboratewith partners across the supply chain to jointly advanceinnovation and progress in the photovoltaic industry andglobal energy transformation, aiming to establish a newframework of mutual bene?t and sustainable development.

Through international industry exhibitions, GCLSI showcases cutting-edge photovoltaic solutionsto global energy consumers. By collaborating withindustry leaders, the Company shares breakthroughsin advanced technologies and scienti?c achievements,driving collective progress toward industry-wideupgrades and iterations.

Participation in the 17th SNEC PV Power Expo (Shanghai) Exhibition and Winning the HighestTerawatt Diamond AwardCase

In June 2024, GCL SI participated in the 17th InternationalSolar Energy and Smart Energy (Shanghai) Exhibition(SNEC). At the "Top Ten Highlights" award ceremony ofthe exhibition, the Company won the highest TerawattDiamond Award for its carbon chain platform and carbonchain module products. This award signifies GCL SI'scomprehensive strength in the low-carbon field andrecognition from authoritative industry institutions.

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GCL SI's "Be With GCL in Thailand" event epitomized our commitment to aligning global expertise with local needs.In collaboration with Thailand's Provincial Electricity Authority (PEA), we convened 100+ industry leaders to addresschallenges in the distributed PV market. The Company announced ambitious targets for regional expansion, while PEAoutlined strategies to accelerate Thailand's renewable adoption. The launch of our NT10/72GDF Pro module—a high-efficiency product tailored to Thailand's climate—showcased our dedication to co-developing solutions that meetspeci?c market demands. By building partnerships grounded in mutual learning and cultural respect, we are drivinginclusive progress toward Southeast Asia's green energy goals.

As a cornerstone of our global ESG engagement, GCL SI reinforced its commitment to multilateral cooperation bysponsoring and speaking at the Global Solar Council (GSC) brand release ceremony. Our Vice President delivered akeynote speech emphasizing the mutual vision between GCL SI and the GSC: accelerating the clean energy transitionthrough innovation and inclusive partnerships. By advocating for uni?ed industry standards and sharing our expertisein sustainable manufacturing, we rea?rmed our role as a global advocate for solar energy adoption.

Empowering Thailand's Renewable Transition through Co-Creation

Active Participation in Global ESG Initiatives: Keynote Address at the Global Solar Council

Case

CaseGCL SI strengthened its engagement in Latin America's renewable sector as a Silver Sponsor at Energyear Mexico2024. Hosted in Mexico City, the event convened industry leaders to discuss pathways toward a fully renewable energygrid. We shared insights on GCL's innovative technologies and their alignment with Mexico's decarbonization goals.By showcasing our low-carbon modules and grid integration solutions, we highlighted the role of scalable solarinfrastructure in complementing existing energy systems. The forum also facilitated partnerships with local utilities,reinforcing trust through transparent dialogue on equitable energy access and technology deployment.

Technology Synergy at Energyear Mexico 2024Case

In December 2024, GCL SI hosted the "GCL Partner, Carbon Road to the Future" 2024 Annual Eco-Partner Gala.The event invited nearly 100 experts and partner representatives from the photovoltaic industry to focus on thedevelopment trends of the distributed market and exchange views on the opportunities and challenges facingphotovoltaic enterprises.

Hosting the "GCL Partner, Carbon Road to the Future" 2024 Annual Eco-Partner GalaCase

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Industry CooperationStandard Setting

IndustryAssociation

GCL SI, with its top-tier product strength and solution capabilities, has established strategic partnerships with numerous domesticand international partners.

Relying on its strong technical capabilities, GCL SI actively participates in the formulationof national standards, continuously enhancing its industry in?uence. In 2024, the Companyparticipated in the development of two national standards: the Test Methods andPerformance Evaluation for Photovoltaic Glass Exposed to Extremely Cold AtmosphericEnvironments (GB Planned No.: 20241933-T-609) and Test Methods and PerformanceEvaluation for Photovoltaic Glass Exposed to Marine Environments (GB Planned No.:

20241938-T-609).GCL SI maintains close communication with mainstream industry associations,jointly promoting the high-quality development of the green energy industry.

Organization NameRole of GCL SIChina Chamber of Commerce for Import and Exportof Machinery and Electronic Products, PV Branch

Vice Chairman UnitJiangsu International Chamber of CommerceVice Chairman UnitShanghai Solar Energy SocietyVice Chairman UnitChina New Energy Overseas Development AllianceChairman UnitChina Photovoltaic Industry Association, HouseholdPV Professional Committee

President UnitChina Photovoltaic Industry Association, IntellectualProperty Professional Committee

Standing Committee Member

Unit600W+ PV Open Innovation Ecosystem Alliance President Unit

Strategic Partnership with Energy Giant BayWa r.e. for Carbon Chain and Green Supply ChainCollaboration

GCL SI Signed Gigawatt-Level Module Supply Contract with India's State-Owned Power Giant NTPC

Case

Case

At the Intersolar Europe 2024 in Munich, Germany, GCL SI signed a strategic cooperation agreement with international energygiant BayWa r.e. Solar Projects GmbH (referred to as "BayWa r.e."). The collaboration aims to deepen cooperation in corporatedigital carbon footprint management and green supply chain development.

In 2024, GCL SI officially signed a 1.1GW high-efficiencymodule supply order contract with NTPCREL (NTPCRenewable Energy Limited), a subsidiary of India's state-owned power giant NTPC, in India.NTPCREL is a wholly-owned subsidiary of India's state-owned power giant NTPC, focusing on solar, wind, andhybrid projects across India. This collaboration will drivemutual development for both enterprises. While expandinginto global markets, GCL SI will contribute to China-Indiaeconomic growth and the achievement of "dual-carbon"goals with renewed competitiveness.

This partnership not only consolidates both parties' leadingpositions in the global energy transition but also demonstratesGCL SI's commitment to expanding into international marketsand enhancing brand competitiveness. BayWa r.e. emphasizedthat "in terms of photovoltaic technology, market development,and international experience, the Company's criteria for selectingpartners align closely with GCL SI." Both parties will leverage theirrespective strengths to explore the vast potential of the greenenergy market and drive the transformation and upgrading ofthe global energy structure.

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Product Safetyand Quality

GCL SI always adheres to the quality management policy of "Full Participation,Continuous Improvement, Value-added Services, and Customer Satisfaction" and sticksto the concept of "Quality Awareness in Heart, Product Quality on Hand". Through thedigital quality management system, quality training and other initiatives, the Companyhas created a corporate culture focused on "company-wide quality", intending to keepenhancing product quality and provide superior products for customers.

Quality ManagementSystem

GCL SI strictly abides by the ProductQuality Law of the People's Republic of China

and theStandardization Law of the People's Republic of China, and complies withthe internationally recognized standards for quality management systems. Hefei GCLSI, Funing GCL SI, and Wuhu GCL SI all obtained the ISO 9001 Quality ManagementSystem Certi?cate, meaning 100% of GCL SI photovoltaic module-related productionbases have been covered, while Hefei GCL SI and Funing GCL SI also obtained the IEC62941 Quality Management System for PV module manufacturing.The Company is actively working on the development of a quality managementsystem by establishing and enforcing a series of management regulations, includingthe Integrated Management Manual, the Product Monitoring and MeasurementControl Procedure and the Non-Conforming Product Control Procedure. In 2024, theCompany revised dozens of systems, including the Product Certi?cation Consistencyand Change Control Procedure, Monitoring and Measuring Equipment ControlProcedure, and Corrective and Preventive Action Control Procedure. These revisionsfurther refined and perfected the quality management policies, standardized thequality management processes, and e?ectively mitigated product quality risks.In addition, GCL SI has independently developed whole-process quality managementinformation systems, including the "GCL Smart Chain", Warehouse ManagementSystem (WMS), and Manufacturing Execution System (MES). These digital systemsenable us to real-time collect and analyze data from the entire product productionprocess and achieve digital quality lifecycle management. This has significantlyimproved production efficiency and product quality, and will further enhance ourmarket competitiveness.

Optimizing QualityProcess

GCL SI continues to upgrade its quality management technology, adopting advanceddigital techniques for quality inspection to replace traditional manual experience-basedprocessing methods. This has signi?cantly enhanced inspection e?ciency and qualitylevels. The Company has established industry-leading fully automated productionlines with an automation rate exceeding 80%. GCL SI's photovoltaic testing center hasobtained certi?cations and annual reviews from authoritative international certi?cationbodies such as the China National Accreditation Service for Conformity Assessment(CNAS) and T?V Rheinland. This provides a reliable guarantee for product quality.In addition, the Company assigns a unique barcode to each product, enabling full-process traceability of quality control. For every identified or potential defect, cross-functional teams from manufacturing engineering, R&D, and quality assurance conductroot cause analysis, develop targeted corrective/preventive actions (CAPA), implementsolutions, and validate e?ectiveness through closed-loop veri?cation protocols.

In 2024

The Company had not recalled any product.

Using AI technology to inspect products can optimize workforce allocation andreduce production costs with high efficiency and accuracy. GCL SI attachesgreat importance on the application of AI technology in production. Hefei GCL SIintroduced AI-assisted judgment in the electroluminescence (EL) testing process,which automatically identi?es defective areas, followed by employee review. Afterthe introduction of AI-assisted judgment, employee inspection time was reduced byapproximately 20%, and the rate of missed detections was signi?cantly lowered.

Using AI-Assisted Inspection to Improve E?ciencyCase

Light and dark patches in photovoltaic (PV) cells refer to the noticeable di?erencesin brightness observed during EL testing of PV modules, indicating inconsistenciesin photoelectric conversion efficiency and current transmission, whichsigni?cantly impact cell performance. In 2024, Wuhu GCL SI implemented multipleprocess improvements to address this issue, achieving signi?cant enhancementsin the light and dark patch metrics, reaching an industry-leading level.

Improving Light and Dark Patches to Ensure PV Cell ReliabilityCase

Conducting Supplier Quality Exchange Meetings toImprove Product Quality

CaseGCL SI regularly engages in quality discussions and training with suppliers tocollaboratively enhance product quality. In 2024, Hefei GCL SI and a ?lm supplierconducted an in-depth analysis of quality issues that arose during production,identified root causes, and proposed improvement and control plans. FuningGCL SI also worked with suppliers to carefully assess and develop improvementplans for issues such as lamination breakage and microcracks. Wuhu GCL SIheld a total of 18 communication meetings on quality improvement for variousraw and auxiliary materials, collectively enhancing quality indicators such asconcentric circles and silicon wafer resistivity.

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Quality CulturePromotion

To improve the quality awareness and quality capability of all staff, and to optimizethe quality control points and quality processes, the Company has carried out qualityand safety training many times during the Reporting Period. Through Quality Monthactivities, various quality-themed trainings, and quality skills competitions, we e?ectivelycommunicated the key challenges in our quality management systems and practicaloperations to enhance the quality consciousness and skills of all employees.

In May 2024, Funing GCL SI conducted a series of quality-themed activities. In addition to traditional quality awarenesstraining and testing, Funing GCL SI focused on seven major position-based quality skills competitions themed aroundstring welding machine ribbon replacement, rework of lamination, EL image inspection, lamination framing, junctionbox welding machine head replacement, cleaning inspection and effectiveness, and packaging skills. Throughthis practice-oriented training approach, the Company significantly enhanced employees' participation in qualitymanagement and e?ectively improved the quality skills of frontline workers.

Training through Practice with Quality Skills Competitions

In September 2024, Wuhu GCL SIorganized a total of 28 activities duringthe Quality Month, including the"Quality Red and Yellow Line" campaign,quality-themed debate competitions,quality knowledge contests, andpresentations of Quality Control Circle(QCC) improvement projects. Amongthese, there were 75 QCC improvementproject proposals, with 55 projectsconcluded. After financial assessment,the projects generated over RMB 17million in benefits, enhancing qualitymanagement levels while achievingsigni?cant economic returns.

Quality Month ActivitiesCase

Case

GCL SI Quality and SafetyTraining Performance in 2024Total number of training sessions

Number of employees trained

Total training hours

Times

Persons

Hours

1,007

15,682

2,598.25

1,007

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Customer Service

GCL CL has established an advanced customer service system and formulatedinternal policies such as the Control Procedures for Customer Requirements and theManagement Regulations for Customer Complaints. In 2024, the Company newlyreleased the Global Marketing Center Pricing Management System and revisedcustomer service-related systems such as the Customer Complaint ManagementSystem and the Distributor Management System. These policies are designed tostandardize the process of handling customer complaints and opinions to ensure thatcustomer feedback is resolved in a timely, reasonable, and e?ective manner.The Company values timely responses to customer feedback and has set up a regular-return-visit system in the After-sales Department. Within three months of productdelivery and implementation, the after-sales team conducts a follow-up visit to havethorough communication with the customer and assesses their satisfaction, while alsoinspecting the product's appearance and operational e?ciency. The collected data willbe analyzed and integrated to generate a detailed case report, which will be fed backto the Sales Department and Customer Purchasing Department to support the closed-loop management.The Company ensures the smoothness and timeliness of the after-sales handlingprocess. Customers can reach out to us via our 24-hour service hotline and public email.For after-sales issues reported by global customers, we commit to the following: Replyto customer inquiries within 1 working day after receiving their request. Completethe assessment of customer requests within 3 working days. Provide corrective andpreventive measures within 5 working days after the assessment is completed, ensuringa convenient and e?cient service experience for our customers.

A high-quality customer service system is crucial for photovoltaic enterprises. GCL SIenhances customer satisfaction by re?ning service processes and response mechanisms.At the same time, the Company practices responsible marketing, paying close attentionto customer needs and rights. By establishing long-term customer relationships based onhonesty and transparency, GCL SI promotes the Company's stable growth.

CustomerSatisfaction

ResponsibleMarketing

The Company has established internal systems such as the Customer RequirementsControl Procedure, Customer Satisfaction Management Standards, and CustomerSatisfaction Measurement and Analysis. We send out the Customer SatisfactionSurvey to customers at least once a quarter to gauge their satisfaction. The surveycovers both product dimensions (appearance, performance, ease of installation,packaging, delivery time) and after-sales service dimensions (response speed, qualityof resolution, staff attitude, staff skills) to gain a comprehensive understanding ofcustomer feedback. For key feedback points, we collaborate with departments suchas process and production to address and effectively resolve the issues quickly,thereby enhancing customer satisfaction.

The Company upholds the principles of honest operation and responsible marketing,strictly complies with theAdvertising Law of the People's Republic of Chinaandother laws and regulations. On such basis, we have established a complianceaudit mechanism for products and services, and conduct regular complianceawareness training for all sta?. With these e?orts, we seek to ensure that the productpromotional materials are truthful and accurate, well designed to provide allnecessary information, and in conformity with laws and regulations, thus e?ectivelysafeguarding customers' right to know. During the Reporting Period, the Companyreported none of product marketing violations.

Customer Service System

In 2024, the Company moved the Issue to Resolution (ITR) phase of after-sales service to an earlier stage. Before the product reaches the project site,we conduct a risk assessment of the site's environment and installationconditions to reduce potential risks during product use. Additionally, wecontinuously improve our after-sales management system, especially incustomer follow-ups, by making systematic adjustments. We proactivelyreach out to customers periodically to address any issues they encounterduring product use in a detailed manner. This enhances the proactivity ofour service, strengthens the customer service experience, and continuouslyimproves customer satisfaction.

Re?ned Services to Boost Customer SatisfactionCase

In 2024Annual Average Customer Satisfaction Score

98.5

Target Customer Satisfaction Score

In 2024

the Company conducted on-site follow-upvisits with overseas customers

times

and domestic customers

times

achieving a follow-up satisfaction rate of

100%

Points

Points

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Information Security andPrivacy ProtectionGCL SI attaches great importance to information security and the protection ofpersonal information. The Company always strictly abides by applicable laws andregulations such as theData Security Law of the People's Republic of China,thePersonal Information Protection Law of the People's Republic of Chinaand theAdministrative Measures for the Graded Protection of Information Securityto regulatedata processing activities and protect customer privacy. GCL SI has formulatedinternal management systems, including the Network System ManagementStandards, the Database System Management Standards, the Information DataSecurity and Mobile Media Confidentiality Management Standards to ensure fullcoverage and compliance of information security.

GCL SI attaches great importance to data security management. We have takenmultiple data protection measures for all-round management on the use ofcomputers and related devices, virus protection of the computer informationsystem, security in the use of the Internet, security of the E-mail system, thesecurity of the computer room, etc. Our purpose is to effectively protectconfidential information and data throughout the lifecycle from collection tostorage, processing to transmission, and use to destruction in order to reduce theCompany's information security risks. The Company conducts regular internalaudits of its information systems annually to identify and promptly optimize andimprove any issues.Meanwhile, the Company regularly conducts data security training on enhancinginformation security awareness, covering critical areas such as informationsecurity protocols and information system operations, and strengthens thepublicity and implementation of data security and private-sensitive dataprotection policies. By doing so, we ensure that employees are capable ofresponding to information security challenges, safeguarding informationsecurity and privacy protection.In 2024, the Company reported none of violations against information security ordata leakage incidents, nor were there any con?rmed complaints regarding theinfringement of customer privacy or the loss of customer information.

In 2024the Company achieved

coverage rate forinformation security-related training across allemployees.

100%

Responsibilities for Information Data Security Management of GCL SI

InformationDepartment

Responsible for implementing and executinginformation and data security and confidentialitymanagement standards from superior departments.Based on this, the Department is also responsiblefor the inspection, supervision, assessment,rewards and punishments of information and datasecurity and confidentiality management work inthe management center, subsidiaries and projectcompanies.

ManagementCenter andSubsidiaries

Responsible for implementing and executinginformation and data security and confidentialitymanagement standards, inspecting and supervisingthe security and con?dentiality management workof the a?liated information system.

Other FunctionalDepartments

Responsible for cooperating with the informationdepartment to implement relevant regulationson information data security and con?dentialitymanagement standard.

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Strategic GoalsIndicatorsUnits2024 PerformanceBy 2030 at the latest, maintain a 100%internal audit coverage rate for all businessentities and subsidiaries every two years.

Internal Audit Coverage Rate%100By 2030 at the latest, maintain the problemrectification completion rate at audits ofover 95%.

Problem Recti?cation

Completion Rate

%100By 2030 at the latest, ensure annual trainingon con?icts of interest, anti-fraud, anti-moneylaundering, and anti-unfair competition topicscovers all employees.

Training Coverage Rate onCon?icts of Interest, Anti-fraud,Anti-Money Laundering, andAnti-unfair competition Topics

%100By 2030 at the latest, conduct at least onecorruption risk assessment covering alllocations annually.

Corruption Risk AssessmentCoverage Rate

%100By 2030 at the latest, maintain a 100%signing rate for the Integrity CommitmentLetter among all employees.

Employee IntegrityCommitment Letter SigningRate

%100

「T」rust

GCL SI adheres to the strategic pillar of mutual trust in business to build a high-standard corporategovernance system and foresee the business basis of fair competition and honest operation.We prioritize the independence and diversity of our Board, ensuring transparent informationdisclosure and fostering close relationships with our investors. The Company implements strictrisk management, compliance and internal control, and strengthens business ethics audits, inorder to uphold a fair and just business environment with a transparent reporting mechanism.

Through mutual commitment, we build lasting success forboth business and personal journeys; with shared promises,we create value that lifts the economy and society.

Contribution to the United Nations Sustainable Development Goals

Strategic Goals and Annual Performance

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Corporate Governance

Diversity andIndependence ofthe Board

In recent years, domestic and foreign regulators have consistently reinforced the criteriafor independent directors of companies to improve corporate governance structures andenhance supervisory e?ectiveness. GCL SI fully recognizes that bolstering the independenceof the Board is essential for the Company to promote fair and transparent decision makingand to strengthen risk management, thereby enhancing the overall value and marketcredibility of the Company.The independent directors of GCL SI play an essential role in protecting the rights andinterests of minority shareholders, reviewing related-party transactions, and monitoring the?nancial authenticity. To e?ectively perform the duties of independent directors, GCL SI hascontinuously revised and improved the internal rules and regulations, such as the Articles ofAssociation, the Rules of Procedure for Shareholders' Meetings, the Rules of Procedure forthe Board of Directors, the Rules of Procedure for the Board of Supervisors and the WorkingPolicy for Independent Directors, which stipulate the rights, obligations, nomination andelection procedures, and mechanism for exercising special authorities of independentdirectors. These documents ensure that independent directors can autonomously expresstheir opinions, propose extraordinary shareholders' meetings, conduct independentreviews of material issues, and genuinely uphold the interests of all shareholders, especiallyminority shareholders.The diversity of the Board enriches decision-making by incorporating a wide range ofperspectives and experiences, mitigating the risk of narrow-mindedness within theCompany. It fosters innovation, enhances corporate governance, and boosts the overallcompetitiveness of the Company. The current board members of the Company possessextensive experience in photovoltaics, finance, risk management, and other fields. Theyhave the professional knowledge and skills required to fulfill their duties, providinge?ective decision-making support for the Company's strategic planning with their diversebackgrounds and perspectives.

By the end of the Reporting Period

the Board of Directors comprised

members

including

independent directors

andfemale director

Board Members' Professional Backgrounds

GCL SI Corporate GovernancePerformance in 2024Annual General MeetingsTimes

Supervisory Board MeetingsTimes

Board Meetings

Times

ZhuGongshan

ZhuYufeng

Sun Wei

ZhuZhanjun

MaJunjian

ZhangQiang

Cheng BoZhang LijunHuo JiazhenGenderMaleMaleFemaleMaleMaleMaleMaleMaleMalePositionDirectorChairmanDirectorDirectorDirectorDirector

Independent

Director

IndependentDirector

IndependentDirectorPhotovoltaicIndustryEnergyIndustrySustainableDevelopmentFinancialManagementLegalManagementCorporateManagementRiskManagement

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TransparentDisclosure andInvestor Relations

GCL SI recognizes that information disclosure is a key means for listed companies topresent their operating reality, financial position and material issues to the public,which is of central signi?cance to both companies and investors. We strive for detailedand timely disclosure of information to enhance market credibility.The Company has established and followed the Measures for the Administration ofInformation Disclosure, and issued 160 announcements during the Reporting Period,covering financing, periodic reports, related party transactions, equity incentives,meeting resolutions, legal compliance and other contents. Besides, we have issuedand implemented the Investor Relations Management Guideline and strengthenedbilateral communication with investors through a variety of means, includinginvestors' on-site visits, thematic investor presentations, regular performancebriefings, and real-time responses to market concerns through online platforms.This approach ensures information transparency, e?ective management of investorexpectations, and maintains a positive market image.

Focusing on the Future of the Industry, Drawing aBlueprint for Development --Investment InstitutionsSurvey Wuhu GCL SICase

GCL SI Transparent Disclosureand Investor RelationPerformance in 2024

Investor Site Visits

Investor Brie?ng Sessions

Earnings Conference Calls

Q&A on Exchange Interaction Platforms

Times

Times

Times

Times

Risk Management Framework

Complianceand RiskManagement

GCL SI has established an e?ective risk management system based on the Company'sstrategies and operation objectives. Additionally, the Company has formulated theComprehensive Risk Management Standards, improved the operating mechanism,cultivated a compliance culture, and strengthened the risk management supervisoryorganization, to continuously strengthen risk control capabilities.The Company has established a risk management organizational system characterizedby corporate governance structure, responsible department for risk management, andrisk management responsibilities shared by all functional departments. The Companyhas also built a "three lines of defense" system for risk management, integratingthe risk management requirements into the Company's management and businessprocesses to ensure e?ective risk prevention and control.

On-site Survey of Wuhu GCL SI by Investment Institutions

Responsible for decision-making on overall risk managementAccountable to the Board for the e?ectiveness of comprehensive risk managementDetermine the Company's overall annual risk preferences and riskmanagement strategies

Responsible for the construction of the Company's risk control systemLead and promote the daily work of comprehensive risk managementAccountable to the Risk Management Committee for the effectiveness ofcomprehensive risk management

The primary responsible person for risk managementParticipate in risk management, formulate risk-related decisions, andpromote the executionJointly undertake risk management functions and accept the organization,coordination, guidance, and supervision by the responsible department

RiskManagement

Committee

Responsibledepartment forrisk management

Functionaldepartments andbusiness units

GCL SI places great emphasis on investor relations management and is committedto conveying corporate value through in-depth interaction. In November 2024,Wuhu GCL SI hosted research representatives from over 30 institutions, includingthe National Green Development Fund, Shanxi Securities, and Founder H Fund.Through a model of "in-depth dialogue + on-site inspection", the Companyshowcased its business layout and development strategy, further enhancinginvestors' con?dence in GCL SI's future development.During the symposium, the R&D team of Wuhu GCL SI elaborated on theinnovation of photovoltaic technology routes and the future product matrix.The management team provided detailed introductions to the breakthroughprogress of the Wuhu GCL SI in production and operation, technology researchand development, and industrialization layout, and responded to investors'concerns about market prospects and strategic implementation. During thesurvey, investors visited the base's intelligent production lines to gain a directunderstanding of the Company's manufacturing strength and industrial synergy.This event strengthened the two-way trust between the Company and the capitalmarket, demonstrated GCL SI's benchmark practices in technological innovationand industrial layout, and deepened transparent communication with investors.

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Functional departmentsand business units

Risk ManagementCommittee and Senior

Audit Committeeand internal auditdepartment

The Company's risk management is centered on the core concepts of "Early Involvement,Indicator Tracking, and Risk Communication". We are involved in key project reviewsand process approvals in the early stage and proactively participate in core businessactivities to e?ectively prevent risks. We check quantitative risk indicators to dynamicallymonitor risks in key business processes, and ?ag risk timely. In 2024, to further enhancerisk management e?ciency and strengthen the Company's risk perception and responsecapabilities, GCL SI advanced the construction of a risk data platform and formulateda three-year implementation path for risk control digitalization. Through continuousrisk identi?cation and assessment, the Company revised and improved the risk libraryand indicators for listed companies to ensure that the risk management system keepspace with the times. The Company completes a risk assessment report annually, layinga solid foundation for enhancing its risk management capabilities. Furthermore, riskmanagement trainings and promotion across all employees is conducted to enhance riskmanagement awareness and promote enterprise-wide risk control.

"Three Lines of Defense" for GCL SI's Risk Management

First Line of

Defense

Second Line

of Defense

Third Lineof Defense

In 2024

The Company organized

onsite risk

management training sessions.

Building a Comprehensive Risk Control Line of Defensethrough Risk and Compliance Awareness Training

CaseGCL SI continuously strengthens its risk control system by integratingcompliance culture cultivation into its core management agenda. InNovember 2024, the Legal Department conducted a thematic trainingsession titled "Enhancing Compliance Awareness and Shaping aCompliance Culture" for all employees. This training systematicallyenhanced employees' ability to identify risks and ensured the in-depth integration of compliance requirements with business practices.The training effectively promoted the implementation of a cultureof "proactive compliance and full participation," deepening the riskprevention awareness among all employees.

Thematic Training on "Enhancing Compliance Awareness and Shaping aCompliance Culture"

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Anti-briberyand Corruption

GCL SI has established a robust risk management and internal control compliancesystem and adheres to integrity to resist any form of corruption. The Companyconducts professional trainings and multiple reporting mechanisms to improvethe risk awareness and compliance culture of all employees, establishing a robustfoundation for the steady development of the Company amidst a complex andchanging market environment.Management System

Cultural Promotion

GCL SI strictly complies with laws and regulations such as theCriminal Law of thePeople's Republic of Chinaand theCompany Law of the People's Republic of China.The Company adheres to the principles of clean business operations, upholds anhonest and upright business philosophy, firmly resists corrupt practices, and iscommitted to creating a trustworthy, fair, and transparent business environment. TheCompany has established policies and standards such as the Anti-Corruption Policy,Anti-Bribery and Integrity Agreement, and Anti-Fraud and Reporting ManagementStandards, clearly adopting a "zero-tolerance" stance towards acts of corruption,bribery, and con?icts of interest.In accordance with the Company Internal Audit Work System and StandardGuidelines, the Company regularly conducts various internal audits, includingbusiness ethics audits. In 2024, the Company carried out a total of 33 internal audits,among which there were 2 business ethics and anti-corruption audits. A total of 179risk points were identi?ed, and the recti?cation rate reached 100%.GCL SI is committed to working with stakeholders, including customers, partners, andsuppliers, to build a clean and healthy market environment. The Company explicitlystipulates that during bidding, tendering (or procurement, engineering) projects, andcontract execution, all employees must strictly adhere to the relevant regulations onintegrity and self-discipline. They are prohibited from soliciting or offering bribes,kickbacks, or gratuities, from providing or accepting any gifts, valuable items, orother direct and indirect personal benefits, and from disclosing or inquiring aboutcommercial secrets in procurement projects.In 2024, the Company did not experience any illegal cases resulting from fraud or corruption.

The Company has established a comprehensive anti-corruption and business ethicstraining system, regularly conducting anti-corruption training for directors and allemployees to promote the Company's culture of integrity, honesty, and clean businesspractices. Anti-corruption training is integrated into the existing employee promotiontraining programs, as well as the "GCL Eagle" and "GCL Elite" new joiner training camps,ensuring that both new and existing employees receive systematic training. For directors,supervisors, and senior management, the Company has specifically established anexecutive training camp, emphasizing the responsibilities and obligations of seniormanagers. The training content includes the dissemination of company policies and lawsand regulations, and through the analysis of real corruption cases, it provides warninge?ects to prevent potential issues from becoming serious problems. This approach buildsa strong foundation for integrity from the source, integrating a culture of integrity intothe Company's day-to-day operations and management from top to bottom. During theReporting Period, the Company achieved a 100% coverage rate for anti-corruption andbusiness ethics training for directors and employees.

In external cooperation, the Company is determined to eliminate corruption inthe procurement process, and actively promotes the integrity awareness amongsuppliers. The Company carries out anti-corruption trainings for suppliers during thebidding and tendering process, and signs the Anti-Commercial Bribery and IntegrityAgreement with suppliers during the execution of contracts for procurement projects.In addition, the Company holds regular integrity meetings to introduce suppliers tothe Company's systems and policies related to integrity building, demonstrating theCompany's strong commitment to integrity and honesty. Through these initiatives,we are dedicated to jointly creating a clean and law-abiding business environmentand providing a safe and reliable cooperation platform for our partners.

In 2024

the Company carried out a total of

internal audits

During the Reporting PeriodGCL SI did not have any illegal casesresulting from corruption at theCompany or employee level.

including

business ethics audits and anti-

identifying a total of

risk points with the

100%

corruption audits

recti?cation rate of

GCL SI Anti-corruption Training Performance in 2024

Coverage rate of anti-corruptiontraining for directors

100%

Coverage rate of anti-corruptiontraining for employees

100%

Anti-corruption training sessionsfor directors

Times

Anti-corruption training sessionsfor employees

Times

Minutes

Anti-corruption training for directors

Minutes

Anti-corruption training for employees1,020

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ReportingMechanism

Anti-UnfairCompetition

GCL SI strictly complies with laws and regulations that advocate fair and propercompetition among business entities, such as theAnti-Unfair Competition Law ofthe People's Republic of China. The Company has formulated and publicly disclosedthe Code of Business Conduct, respecting the principles of fair and proper businesscompetition, eliminating any actions that restrict market competition, and ensuringthat all commercial activities always meet industry standards and ethical norms.

Reporting Channels

Key Measures Against Monopoly and Unfair Competition by GCL SI

Employees at all levels of the Company and relatedparties who come across or suspect any unlawfulactivity must inform the Company via letters, emails(including but not limited to jubao@gcl-power.com),phone calls, face-to-face interviews, and other means.

Strictly comply with relevant anti-monopolyand anti-unfair competition laws, regulations,and company policies.

Do not engage in discriminatory practicesor impose restrictions on customers andsuppliers, ensuring that all trading partieshave fair access to market opportunities.

Do not exchange sensitive businessinformation with competitors, such asproduction costs, sales prices, customerlists, and future strategic plans.

Do not enter into monopoly or anti-competitive agreements with competitors.Do not negotiate or conclude any agreementswith competitors that affect marketcompetition, such as fixing prices, dividingmarkets, jointly boycotting transactions,restricting production volumes, or hinderingtechnological development.Do not use one's dominant market positionto exclude competitors, set unreasonabletrading conditions, or force the bundling ortying sale of products and services.

Do not fabricate or disseminate false or misleading information that damages thecommercial reputation or product reputation of competitors.

During the Reporting PeriodGCL SI did not experience anylitigation cases related to unfaircompetition.

To protect the legitimate interests of the Company and ensure independent, objective, andfair investigation and handling of violations, we encourage employees and other stakeholdersto report any known or potential misconduct. The Company has established clear reportingand handling management processes, reporting channels and reward standards.GCL SI has established a strict whistle-blower protection mechanism, requiringall departments to cooperate with each other in accordance with their respectiveresponsibilities and fully protect the legitimate rights and interests of whistle-blowers.The Company strictly prohibits disclosing the information and reported contents ofthe whistle-blower to report the Report personnel and unit, and strictly prevents theleakage of reporting information and loss of whistle-blowing materials. Any personwho illegally divulges the information of the whistle-blower or retaliates against thewhistle-blower shall, once verified, be dismissed and never be employed. In 2024,the Company conducted a walkthrough test of reporting the Report channels and thehandling process for reported incidents to ensure their continued e?ectiveness.

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Appendix

AreaPrincipleResponse

HumanRights

Principle 1: Businesses should support andrespect the protection of internationallyproclaimed human rights

Labor Rights ProtectionDiversity, Equity and InclusionResponsible Supply Chain

Principle 2: Make sure that they are notcomplicit in human rights abuses

Labor Rights ProtectionDiversity, Equity and InclusionResponsible Supply Chain

Labor

Principle 3: Businesses should uphold thefreedom of association and the e?ectiverecognition of the right to collectivebargaining

Labor Rights Protection

Principle 4:The elimination of all forms offorced and compulsory labor

Labor Rights ProtectionResponsible Supply Chain

Principle 5: The e?ective abolition of childlabor

Labor Rights ProtectionResponsible Supply Chain

Principle 6: The elimination of discriminationin respect of employment and occupation

Labor Rights ProtectionDiversity, Equity and InclusionResponsible Supply Chain

United Nations Global CompactGCL SI joined the United Nations Global Compact in August 2023. We reaffirm our support for UN Global Contact and its tenprinciples. We conduct business in accordance with ten principles and meet our social obligations. At the same time, we arecommitted to achieving the UNSDGs and becoming a reliable long-term partner of the United Nations.

AreaPrincipleResponse

Environment

Principle 7: Businesses should support aprecautionary approach to environmentalchallenges

GCL Carbon Chain 2.0 — An Industry First, InjectingNew Momentum into Low-Carbon DevelopmentResponding to Climate ChangeEnvironmental Compliance ManagementEnergy Management and Renewable EnergyUtilizationWater StewardshipPollutant & Emissions ManagementWaste ManagementCircular EconomyEcosystem and Biodiversity Conservation

Principle 8: Undertake initiatives to promotegreater environmental responsibility

GCL Carbon Chain 2.0 — An Industry First, InjectingNew Momentum into Low-Carbon DevelopmentResponding to Climate ChangeEnvironmental Compliance ManagementEnergy Management and Renewable EnergyUtilizationWater StewardshipPollutant & Emissions ManagementWaste ManagementCircular EconomyEcosystem and Biodiversity Conservation

Principle 9: Encourage the developmentand di?usion of environmentally friendlytechnologies

GCL Carbon Chain 2.0 — An Industry First, InjectingNew Momentum into Low-Carbon DevelopmentResponding to Climate ChangeEnergy Management and Renewable EnergyUtilizationWater StewardshipPollutant & Emissions ManagementWaste ManagementCircular EconomyResponsible Supply ChainAnti-Corruption

Principle 10: Businesses should work againstcorruption in all its forms, including extortionand bribery

Anti-bribery and Corruption

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Disclosure itemUnit202220232024Economic Indicator PerformanceRevenueRMB 10,000 835,360.921,596,761.031,623,978.68Total assetsRMB 10,000 1,023,955.001,910,936.801,920,263.62Net income attributable to shareholdersRMB 10,000 6,510.8315,771.956,829.40Basic earnings per shareRMB/share0.0110.0270.012R&D investmentRMB 10,000 8,095.9814,640.1221,021.69Proportion of R&D investmentto revenue

%0.970.921.29Number of R&D technical personnelPersons133240329Proportion of the number of R&Dtechnical personnel

%3.783.835.42

Disclosure itemUnit202220232024

Environment Compliance ManagementEnvironmental Investment

RMB10,000

-5,1073,676Percentage of employees who have received environmentaltraining (internal or external) out of the total workforceacross all locations:

%-100100Percentage of operational sites that have conductedenvironmental risk assessments out of all operationallocations:

%-100100

Main Energy Consumption

Natural gasm?150,729315,951306,464Production-based natural gas consumption intensitym?/MW-16.949.07Total electricitykWh150,893,426473,387,732935,976,903-Self-generated renewable electricitykWh-37,403,48749,376,053-Purchased municipal electricitykWh150,893,426432,258,316211,759,306-Purchased renewable electricitykWh-3,725,929--Contracted purchased electricitykWh--674,841,544Renewable electricity in total electricity

thousandkWh

- 41,12949,376Percentage of renewable electricity in total electricity%-8.695.28Production-based electricity consumption intensityMWh/MW-25.3827.70Steam

m?3,2386,640-Gasolinekg-59,97440,858

Key Performance TableEconomic Performance

Environmental Performance

GHG Management

15,16Scope 1 GHG emissionstCO

e325.871,309.951,295.60Scope 2 GHG emissions (location-based)tCO

e87,669.92250,992.40475,748.90Scope 2 GHG emissions (market-based)tCO

e-248,867.51519,191.67Total Scope1 and Scope 2 GHG emissions (location-based)tCO

e87,995.79252,302.35477,044.50Total Scope1 and Scope 2 GHG emissions (market-based)

tCO

e/RMB10,000

250,177.45520,487.27Revenue-based Scope 1 and Scope 2 GHG emissionintensity (location-based)

tCO

e/RMB10,000

-0.160.29Revenue-based Scope 1 and Scope 2 GHG emissionintensity (market-based)

tCO

e/RMB10,000

-0.160.32Production-based Scope 1 and Scope 2 GHG emissionintensity (location-based)

tCO

e/MW - 13.53 14.12Production-based Scope 1 and Scope 2 GHG emissionintensity (market-based)

tCO

e/MW-13.4115.40Scope 3 GHG emissionstCO

e-14,408,77821,949,731.60Water Consumption

Total water withdrawal

Tonnes506,2293,732,9355,930,366Total water consumptionTonnes267,2801,647,6531,054,675Water recycling and reuse volumeTonnes-202,569884,961Water consumption intensity

Tonnes/MW

-88.3531.21Waste Water DischargeTotal wastewater discharge volumeTonnes238,9492,085,2824,875,691Total Suspended Solids (TSS) Discharge VolumeTonnes-21.7967.65Chemical Oxygen Demand (COD) discharge volumeTonnes-76.54263.96Ammonia-Nitrogen discharge volumeTonnes-11.7141.27Phosphorus discharge volumeTonnes-0.290.30Fluoride Discharge volumeTonnes-9.7122.58Waste ManagementTotal solid waste generatedTonnes13,325.2652,238.6049,005.45

Disclosure itemUnit202220232024

GCL SI 2024 energy management performance scope includes the Suzhou Management Center, three production bases (Hefei GCL SI,Wuhu GCL SI, Funing GCL SI), GCL Energy Storage, GCL Green Energy, and GCL SI o?ces in Beijing, Japan, and Munich.

GCL SI did not use steam in 2024.

GCL SI calculated 2024 greenhouse gas emissions data based on operational control during the Reporting Period. The scope includes theSuzhou Management Center, three production bases (Hefei GCL SI, Wuhu GCL SI, Funing GCL SI), GCL Energy Storage, GCL Green Energy,and GCL SI o?ces in Beijing, Japan, and Munich. Scope 1 and Scope 2 GHG emissions data for 2024 have been validated by a third-partyorganization.

Due to GCL SI's significant production capacity expansion in 2024, greenhouse gas emissions increased notably. The Company willcontinue to implement diversi?ed emission reduction measures to achieve its targets.

GCL SI's 2024 water management performance scope includes three production bases: Hefei GCL SI, Wuhu GCL SI, and Funing GCL SI.

GCL SI's total water consumption in 2024 is calculated as total water withdrawal minus total wastewater discharge.

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Total general industrial solid waste generatedTonnes13,465.7452,218.6948,830.28General industrial solid waste recycling rate%-99.9399.74Hazardous wasteTonnes15.9019.91175.17Total amount of disposed hazardous waste

Tonnes-17.82172.17

Waste Gas DischargeTotal waste gas emissionsm?307,476,003.735,839,417,312.0014,506,850,032.00Nitrogen oxides (NOx) emissionsTonnes-1.433.32Sulfur oxides (SOx) emissionsTonnes-0.250.80Non-methane hydrocarbon (NMHC) emissionsTonnes-5.2612.57Particulate matter emissionsTonnes-2.460.20

Disclosure itemUnit202220232024

Disclosure itemUnit202220232024

Employment and Diversity PerformanceNumber ofemployees

Persons3,5206,2566,074By gender

MalePersons2,3834,4654,385FemalePersons1,1371,7911,689Proportion of female employees%32.328.6327.81By employmentcategory

Full-time employeePersons2,2764,9424,317ContractorPersons1,2251,2161,713Others (interns, rehired retirees)Persons1998 44By ethnicityEthic minority employeesPersons3088121By age

Over 51 years oldPersons65756141-50 years oldPersons56681679430-40 years oldPersons1,7362,885 2,685Under 30 years oldPersons1,1532,4802,534

Social Performance

By region

Number of employees working in the Chinesemainland

Persons3,5006,222 6,037Number of employees working in Hong Kong,Macau, Taiwan, and oversea regions

Persons203437By educationbackground

Bachelor degree or abovePersons6691,2541,187Below bachelor degreePersons2,8515,0024,887

By employmentcategory

Middle management employeesPersons94120117Number of female employees in middlemanagement

Persons152121Proportion of female employees in middlemanagement

%15.9617.5017.95Percentage of employees from minority groupsand/or vulnerable groups (where the vulnerablegroups refer to the disabled) in the middle-levelmanagement team

%-0.50.85Number of senior management employeesPersons384238Number of female employees in seniormanagement

Persons456Proportion of female employees in seniormanagement

%10.5311.9015.79Percentage of employees from minority groups and/or vulnerable groups (where the vulnerable groupsrefer to persons with disabilities) in the senior-levelmanagement team

%-05.26Proportion of female employees in STEM positions%--10.89Proportion of female employees in middlemanagement of STEM positions

%-- 2.94Proportion of female employees in senior managementof STEM positions

%--0Proportion of female employees in revenue-generating (sales) department

%--31.54Proportion of female employees in middle managementof revenue-generating (sales) department

%--28.57Proportion of female employees in senior management of revenue -generating (sales) department

%-- 33.33Percentage of employees who have received training on diversity,discrimination, and/or harassment out of the total workforce across allcompany locations

%-100100

Disclosure itemUnit202220232024

The inconsistency between the total volume of hazardous waste generated and the total volume of disposal is attributable tothe fact that some of the hazardous wastes were processed in early 2025 under a single disposal.

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Employee Training Performance

Total investment in employee training

RMB10,000

- 550.11 760.00Number of employees trained

Persons87,5789,0036,074Total training hoursHours3,598292,162115,130　Average training hours per employeeHours374719

By gender

Total training hours for male employeesHours2,598226,62380,203　Average training hours per male employee

Hours/

Persons

-5118Total training hours for female employeesHours1,00165,53934,927　Average training hours per female employee

Hours/Persons

-3721　

By employmentcategory

Total training hours for non- management levelHours3,119287,224105,826　Average training hours for non- management level

Hours/Persons

-4718Total training hours for middle management levelHours2994,4308,792Average training hours for middle management level

Hours/Persons

-3775Total training hours for senior management levelHours180508512Average training hours for senior management level

Hours/Persons

-1213Employee Rights and Interests PerformanceLabor contract signing rate%100100100Percentage of employees covered by collective agreements%-8090.69Retention rate of employees returning to work after maternity andpaternity leave

%91.58392Employee Compensation PerformanceUnadjusted Average Gender Pay Gap%-2527　Occupational Health and SafetySafety production investment

RMB10,000

335.81,470.03,156.8

Total recordable incident rate (TRIR)--0.140.07Number of work-related incidents

cases-55

Disclosure itemUnit202220232024

Number ofindividuals withwork-related injuries

Full-time employeePersons555ContractorPersons000Number of work-related fatalities

Full-time employeePersons000ContractorPersons000Days of absencedue to work-relatedinjuries

Full-time employeePersons330330486ContractorPersons000Percentage of operational sites that have conducted employee healthand safety risk assessments or hazard identi?cation and risk assessments

%-100100

Supply Chain Performance

Total supplier registeredQuantity-95146By Region

Chinese MainlandQuantity--146Overseas, Hong Kong SAR, Maca SAR, and TaiwanQuantity--0

Percentage againsttotal number ofsuppliers registered

Number of suppliers having signed the safety andenvironmental protection agreement

%-61 83Number of suppliers obtained to the ISO 14001Environmental Management System Certi?cation

%-81 85Number of suppliers obtained the ISO 9001Quality Management System Certi?cation

%-91 96Number of suppliers obtained the ISO 45001/OHSAS 18000 Occupational Health and SafetySystem Certi?cation

%-78 82Number of product suppliers obtained theProduct Carbon Footprint Certi?cation

%-18 16Suppliers who have signed the SustainableProcurement Charter/Code of Conduct

%--90Suppliers with contracts containing clauses onenvironmental, labor, and human rights requirements

%--71Suppliers who have undergone CorporateSocial Responsibility (CSR) assessments (e.g.,questionnaires)

%--68Suppliers who have undergone on-site CSR audits %--49Suppliers who have undergone third-party CSR audits %--12Suppliers who have participated in corrective actionsor capacity-building following audits/assessments

%--96Number of New SuppliersQuantity-3738

Disclosure itemUnit202220232024

The total number of employees trained in 2022 was measured by the metric of total training participants. The statisticalindicator for 2023 was measured by the metric of the total number of employees receiving training among active and formeremployees at the end of the year, and the statistical indicator for 2024 is the total number of employees receiving training amongactive employees at the end of the year.

Among these incidents, four employees were injured while performing equipment maintenance, and one employee was injuredafter falling on stairs. Moving forward, GCL SI will implement more comprehensive measures to ensure workplace safety andprovide a solid safeguard for the health and safety of its employees.

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Percentage againsttotal number of newsuppliers registered

Number of suppliers having signed the safety andenvironmental protection agreement

%--76Number of suppliers obtained to the ISO 14001Environmental Management System Certi?cation

%-9274Number of suppliers obtained the ISO 9001Quality Management System Certi?cation

%-9597Number of suppliers obtained the ISO 45001/OHSAS 18000 Occupational Health and SafetySystem Certi?cation

%-8174Number of product suppliers obtained theProduct Carbon Footprint Certi?cation

%--8Suppliers who have signed the SustainableProcurement Charter/Code of Conduct

%--82Suppliers with contracts containing clauses onenvironmental, labor, and human rights requirements

%--58Suppliers who have undergone Corporate SocialResponsibility (CSR) assessments (e.g., questionnaires)

%--45Suppliers who have undergone on-site CSR audits %--76Suppliers who have undergone third-party CSR audits %--16Suppliers who have participated in corrective actionsor capacity-building following audits/assessments

%--89Percentage of procurement sta? who have received sustainableprocurement training across all regions

%-100100Share of local procurement%--100Intellectual Property Management PerformanceCumulative number of patents authorizedItems445542656Cumulative number of software copyrights heldItems171735Cumulative number of invention patentsItems-597Public Welfare/Community RelationNumber of Employee Volunteer Services ConductedTimes--9Employee Volunteer Service Participation (in Persons) Persons--210Total Duration of Employee Volunteer ServicesHours--400Total Amount of Public Welfare Donations

RMB10,000

--85.64Rural Revitalization support funding

RMB10,000

--53.24Amount of Charitable Donation

RMB10,000

--32.40Individuals impactedPersons--3,237

Disclosure itemUnit202220232024

Disclosure itemUnit202220232024Corporate Governance Performance

Number of Directors Persons999Number of Independent Directors Persons333Number of Female Directors Persons111Anti-Bribery and Anti-Corruption PerformanceTraining Coverage Rate for Directors onAnti-Corruption

%-100100Training Coverage Rate for Employeeson Anti-Corruption

%-100100Number of Anti-Corruption TrainingSessions for Directors

Times-2616Number of Anti-Corruption TrainingSessions for Employees

Times-2625Total Duration of Anti-CorruptionTraining for Directors

Minutes-780720Total Duration of Anti-CorruptionTraining for Employees

Minutes-7801,020Number of Anti-Corruption Audits Times-52Number of Con?rmed CorruptionIncidents

Cases-00Number of Reports Generated byReporting Procedures

Cases-00Percentage of Sites that Have ConductedInternal Assessments or Reviews onSpeci?c Business Ethics Issues

%-100100

Corporate Governance Performance

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Index of GRI 2021 Standards

DisclosureTitleChapter Index2-1Organizational detailsAbout GCL SI2-2Entities included in the organization's sustainability reportingAbout the Report2-3Reporting period, frequency and contact pointAbout the Report2-4Restatements of informationAbout the ReportActivities and workers2-6Activities, value chain and other business relationshipsAbout GCL SI2-7Employees

Labor Rights ProtectionDiversity, Equity and InclusionEmployee Training and DevelopmentOccupational Health and Safety2-8Workers who are not employees

Responsible Supply ChainCommunity ContributionRural RevitalizationIndustrial Cooperation and Exchange

Governance2-9Governance structure and composition

Sustainability GovernanceCorporate Governance2-10Nomination and selection of the highest governance body

Sustainability GovernanceCorporate Governance2-11Chair of the highest governance body

Sustainability GovernanceCorporate Governance2-12

Role of the highest governance body in overseeing the managementof impacts

Sustainability GovernanceCorporate Governance2-13Delegation of responsibility for managing impacts

Sustainability GovernanceCorporate Governance2-14Role of the highest governance body in sustainability reportingSustainability Governance2-15Con?icts of interestAnti-bribery and Corruption2-16Communication of critical concerns

Sustainability StrategySustainability Governance2-17Collective knowledge of the highest governance body

Sustainability StrategySustainability Governance

DisclosureTitleChapter Index

2-18Evaluation of the performance of the highest governance body

Sustainability GovernanceBoard of Directors Statement2-19Remuneration policiesLabor Rights Protection2-20Process to determine remunerationLabor Rights ProtectionStrategy, policies and practices2-22Statement on sustainable development strategySustainability Strategy2-23Policy commitmentsSustainability Strategy2-24Embedding policy commitmentsSustainability Strategy2-25Processes to remediate negative impacts

Sustainability GovernanceAnti-bribery and Corruption2-26Mechanisms for seeking advice and raising concerns

Sustainability GovernanceStakeholder Communication2-27Compliance with laws and regulationsSee chapters in this Report2-28Membership associations

Sustainability StrategyIndustrial Cooperation and ExchangeStakeholder Engagement2-29Approach to stakeholder engagementStakeholder Communication2-30Collective bargaining agreementsLabor Rights Protection3-1Process to determine material topicsStakeholder Communication3-2List of material topicsStakeholder Communication3-3Management of material topicsStakeholder CommunicationGRI 201 Economic Performance3-3Management of material topics

2024 Sustainable PerformanceKey Performance Table201-1Direct economic value generated and distributed

2024 Sustainable PerformanceKey Performance Table201-2

Financial implications and other risks and opportunities due toclimate change

Responding to Climate Change201-3De?ned bene?t plan obligations and other retirement plansLabor Rights Protection

Use Instruction

GCL SI reported the information cited in this GRI content index during the period from January 1, 2024,to December 31, 2024, with reference to the GRI Standards.Standard Citation GRI 1: Foundation 2021

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DisclosureTitleChapter Index

201-4Financial assistance received from governmentCompany annual reportGRI 204 Procurement Practices

3-3Management of material topicsResponsible Supply Chain

GRI 205 Anti-corruption3-3Management of material topicsAnti-bribery and Corruption205-1Operations assessed for risks related to corruptionAnti-bribery and Corruption205-2Communication and training about anti- corruption policies and proceduresAnti-bribery and Corruption205-3Con?rmed incidents of corruption and actions takenAnti-bribery and Corruption

GRI 302 Energy3-3Management of material topics

Energy Management and Renewable EnergyUtilization302-1Energy consumption within the organization

Energy Management and Renewable EnergyUtilization302-2Energy consumption outside of the organization

Energy Management and Renewable EnergyUtilization302-3Energy intensity

Energy Management and Renewable EnergyUtilization302-4Reduction of energy consumption

Energy Management and Renewable EnergyUtilization302-5Reductions in energy requirements of products and services

Energy Management and Renewable EnergyUtilizationGRI 303 Water and E?uents3-3Management of material topics

Water StewardshipPollutant & Emissions Management303-1Interactions with water as a shared resource

Water StewardshipPollutant & Emissions Management303-2Management of water discharge-related impacts

Water StewardshipPollutant & Emissions Management

DisclosureTitleChapter Index

303-3Water withdrawalWater Stewardship303-4Water dischargePollutant & Emissions Management303-5Water consumptionWater Stewardship

GRI 304 Biodiversity

3-3Management of material topicsEcosystem and Biodiversity Conservation304-1

Operational sites owned, leased, managed in, or adjacent to,protected areas and areas of high biodiversity value outsideprotected areas

N/A304-2

Signi?cant impacts of activities, products, and services onbiodiversity

Ecosystem and Biodiversity Conservation304-3Habitats protected or restoredN/A304-4

IUCN Red List species and national conservation list species withhabitats in areas a?ected by operations

N/A

GRI 305 Emissions3-3Management of material topics

Responding to Climate Change

Pollutant & Emissions Management305-1

Management of material topicsDirect (Scope 1) GHG emissions

Responding to Climate Change305-2Energy indirect (Scope 2) GHG emissionsResponding to Climate Change305-3Other indirect (Scope 3) GHG emissionsResponding to Climate Change305-4GHG emissions intensityResponding to Climate Change305-5Reduction of GHG emissionsResponding to Climate Change305-7

Nitrogen oxides (NOx), sulfur oxides (SOx), and other signi?cant gasemissions.

Pollutant & Emissions Management

GRI 306 Waste

3-3Management of material topicsWaste Management306-1Waste generation and signi?cant waste- related impactsWaste Management

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DisclosureTitleChapter Index306-2Management of signi?cant waste-related impactsWaste Management306-3Waste generatedWaste Management306-4Waste diverted from disposalWaste Management306-5Waste directed to disposalWaste Management

GRI 308 Supplier Environmental Assessment3-3Management of material topicsResponsible Supply Chain308-1New suppliers that were screened using environmental criteriaResponsible Supply Chain308-2

Negative environmental impacts in the supply chain and actionstaken

Responsible Supply Chain

GRI 401 Employment3-3Management of material topicsLabor Rights Protection401-1New employee hires and employee turnover

Labor Rights ProtectionKey Performance Table401-2

Bene?ts provided to full-time employees that are not provided totemporary or part- time employees

Labor Rights Protection

GRI 403 Occupational Health and Safety3-3Management of material topicsOccupational Health and Safety403-1Occupational health and safety management systemOccupational Health and Safety403-2Hazard identi?cation, risk assessment, and incident investigationOccupational Health and Safety403-3Occupational health servicesOccupational Health and Safety403-4

Worker participation, consultation, and communication onoccupational health and safety

Occupational Health and Safety403-5Worker training on occupational health and safetyOccupational Health and Safety403-6Promotion of worker healthOccupational Health and Safety403-7

Prevention and mitigation of occupational health and safetyimpacts directly linked by business relationships

Occupational Health and Safety403-8

Workers covered by an occupational health and safety managementsystem

Occupational Health and Safety

DisclosureTitleChapter Index

403-9Work-related injuriesOccupational Health and Safety403-10Work-related ill healthOccupational Health and SafetyGRI 404 Training and Education3-3Management of material topicsEmployee Training and Development404-1Average hours of training per year per employeeEmployee Training and Development404-2

Programs for upgrading employee skills and transition assistanceprograms

Employee Training and Development404-3

Percentage of employees receiving regular performance and careerdevelopment reviews

Employee Training and DevelopmentGRI 405 Diversity and Equal Opportunity3-3Management of material topicsDiversity, Equity and Inclusion405-1Diversity of governance bodies and employeesDiversity, Equity and InclusionGRI 406 Non-discrimination

3-3Management of material topicsDiversity, Equity and Inclusion406-1Incidents of discrimination and corrective actions takenDiversity, Equity and InclusionGRI 407 Freedom of Association and Collective Bargaining

3-3Management of material topicsLabor Rights Protection407-1

Operations and suppliers in which the right to freedom ofassociation and collective bargaining may be at risk

Not involved in operations and suppliers in

which the right to freedom of association and

collective bargaining may be at riskGRI 408 Child Labor3-3Management of material topicsLabor Rights Protection408-1

Operations and suppliers at significant risk for incidents of childlabor

Not involved in operations and suppliers at

signi?cant risk for incidents of child laborGRI 409 Forced or Compulsory Labor3-3Management of material topicsLabor Rights Protection409-1

Operations and suppliers at signi?cant risk for incidents of forced orcompulsory labor

Not involved in operations and suppliers

at signi?cant risk for incidents of forced or

compulsory labor

158157

2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

DisclosureTitleChapter Index

GRI 413 Local Communities3-3Management of material topicsCommunity Contribution413-1

Operations with local community engagement, impactassessments, and development programs

Community Contribution413-2

Operations with signi?cant actual and potential negative impactson local communities

Not involved in operations with signi?cant

actual and potential negative impacts on local

communitiesGRI 414 Supplier Social Assessment

3-3Management of material topicsResponsible Supply Chain414-1New suppliers that were screened using social criteriaResponsible Supply Chain414-2Negative social impacts in the supply chain and actions takenResponsible Supply ChainGRI 416 Customer Health and Safety3-3Management of material topics

Product Safety and Quality

Customer Service416-1

Assessment of the health and safety impacts of product and servicecategories

Product Safety and Quality

Customer Service416-2

Incidents of non-compliance concerning the health and safetyimpacts of products and services

Product Safety and Quality

Customer Service

GRI 417 Marketing and Labeling3-3Management of material topicsCustomer Service417-1Requirements for product and service information and labelingCustomer Service417-2

Incidents of non-compliance concerning product and serviceinformation and labeling

No incidents of non-compliance concerning

product and service information and labelling

occurred417-3Incidents of non-compliance concerning marketing communicationsNo marketing-related violations have occurredGRI 418 Customer Privacy3-3Management of material topicsInformation Security and Privacy Protection418-1

Substantiated complaints concerning breaches of customer privacyand losses of customer data

Information Security and Privacy Protection

SZSE Indicator Index TableDimensionNo.TopicClauseReport Response

Environment

1Responding to Climate ChangeArticle 21 - 28

GCL Carbon Chain 2.0— An Industry First,Injecting New Momentum into Low-CarbonDevelopmentResponding to Climate Change2Pollutant EmissionArticle 30Pollutant & Emissions Management3Waste ManagementArticle 31Waste Management4Ecosystem and Biodiversity ConservationArticle 32Environmental Compliance Management5Environmental Compliance ManagementArticle 33Environmental Compliance Management6Energy UtilizationArticle 35

Energy Management and Renewable EnergyUtilization7Water StewardshipArticle 36Water Stewardship87 Circular EconomyArticle 37Circular Economy

Social

9 Rural RevitalizationArticle 39Rural Revitalization10Community ContributionArticle 40Community Contribution11Innovation-driven DevelopmentArticle 42Innovation-Driven12Technology EthicsArticle 43Innovation-Driven13Supply Chain SecurityArticle 45Responsible Supply Chain14Equal Treatment of SMEsArticle 46Responsible Supply Chain15Product and Service Safety and QualityArticle 47Product Safety and Quality16Data Security and Customer Privacy ProtectionArticle 48Information Security and Privacy Protection17EmployeeArticle 50

Labor Rights ProtectionDiversity, Equity and InclusionEmployee Training and DevelopmentOccupational Health and Safety

Sustainability-RelatedGovernance

18Due DiligenceArticle 52Sustainability Governance19Stakeholder CommunicationArticle 53Stakeholder Communication20Anti-Bribery and Anti-CorruptionArticle 55Anti-bribery and Corruption21Anti-Unfair CompetitionArticle 56Anti-Unfair Competition

160159

2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

Assurance Statement

Independent Assurance Statement

IntroductionT?V Rheinland (Shanghai) Co., Ltd., a member of T?V Rheinland Group (hereinafter "T?V Rheinland" or "We"),was entrusted by GCL System Integration Technology Co., Ltd. (hereinafter "GCL SI" or "the Company") to conductan independent third-party assurance of 2024 Sustainability Report of GCL SI (hereinafter, "Report"). The reportdisclosed sustainability information for the fiscal year 2024 (January 1, 2024 to December 31, 2024) of GCL SI.

Responsibilities

GCL SI is not only responsible for the preparation of sustainability report and the collection and submission ofsustainability information in accordance with applicable reporting standards but also has the obligation to implementand maintain effective internal control of information and data to support the report compilation process.T?V Rheinland is a global service provider that provides CSR and sustainability services in more than 65 countries,with experienced and technical expertise in the areas of environment, CSR, sustainability and stakeholder engagement.T?V Rheinland Assurance team follows the T?V Rheinland Global Business Ethics Compliance Policy andProcedures, covering the principles of integrity compliance and conflict of interest. Therefore, our assurance servicesare based on the principles of independence and impartiality, and we do not participate in the writing and preparationof the report of GCL SI. It is the duty of T?V Rheinland to carry out independent assurance in accordance with theassurance agreement and the agreed scope of assurance work, and to make independent and impartial judgments onsustainability reporting.Assurance Standard

T?V Rheinland undertook assurance work for the sustainability information disclosed in sustainability report of GCLSI in accordance with the AccountAbility AA1000 Assurance Standard v3 (AA1000AS v3), Type 1 and Moderate level.Assurance Objectives

The purpose of the assurance was to provide management of GCL SI and stakeholders concerned with the company'ssustainability information and performance to provide an independent view of the assurance, including assessment ofwhether the content of the report adhered to the AA1000AP (2018) Assurance Principles (including inclusivity,materiality, responsiveness and impact), and verification of sustainability information disclosure.

Assurance Criteria

The following assessment criteria were used in undertaking the work:

? Self-Regulatory Guidelines No. 17 for Listed Companies - Sustainability Report (Trial) of the ShenzhenStock Exchange? GRI Sustainability Reporting Standards (GRI Standards) of Global Sustainability Standards Board (GSSB)? The United Nations Sustainable Development Goals (UN SDGs)? Adherence to the AA1000 AP AccountAbility Principles, i.e., Inclusivity, Materiality, Responsiveness, and ImpactMethodologyOur assurance activities and procedures include:

? Inquiring management and those personnel responsible for collecting and aggregating sustainability

performance information to understand the management processes, systems, and controls for sustainabilityperformance information.

? Reviewing and assessing the availability, adequacy, and relevance of performance information based onsampling principles.? Applying analysis program to assess the accuracy of the information available for performance data.? Collecting and examining the supporting evidence of available performance information to assess the extentto which the relevant evidence and information related to the scope of the assurance in the sustainabilityreport supports and adheres to the AA1000AP AccountAbility Principles.? Reporting assurance observations or recommendations to give the company's management an opportunityto correct errors before the assurance process is completed.Limitations

T?V Rheinland planned and executed the verification in accordance with the scope of the assurance agreed upon inorder to obtain all the information, evidence and necessary explanations to provide the basis for the conclusion of theassurance in accordance with the moderate level of AA1000AS v3.The information and performance data relating to the assurance is limited to the disclosure of the contents of thisreport. Our assurance work did not include financial report and its financial data, as well as other information notrelated to the topic of sustainability.ConclusionsBased on the above assurance procedures and methodology performed and the evidence obtained, we conclude thatthere are no instances or information that would be contrary to the following statements:

? 2024 Sustainability Report of GCL SI and its contents are in adherence to the AA1000AP AccountAbility

Principles and align with the information disclosure requirements of the GRI Standards.? GCL SI has implemented processes to collect and aggregate performance information and data related tomateriality issues within the reporting boundary, and the company's management practices have also shownthat the company conducted double materiality analysis and evaluation of issues.? The sustainability-related information and performance disclosed in the report have been assessed andsupported by documentary evidence, which truly reflected management practices of GCL SI in the field ofsustainable development.T?V Rheinland shall not bear any liability or responsibility to a third party for perception and decision on GCL SIbased on this Assurance Statement.Adherence to the AA1000AP AccountAbility Principles

InclusivityThe key stakeholders identified by GCL SI included employees, customers, suppliers, shareholders and investors, aswell as governments and regulators. Evidence showed that interaction of GCL SI with these stakeholders was a regularoccurrence in its business activities. In 2024, the company has also conducted internal and external stakeholder surveys,covering topics such as corporate governance, circular economy, compliance and risk management, response toclimate change, and responsible supply chains. The results of the survey and analysis provided a reference for theevaluation of issues of double materiality.

MaterialityEvidence indicated that in 2024, GCL SI has implemented a double materiality assessment process. Based on theanalysis of new guidelines for benchmarking exchanges, sustainability standards and frameworks, international ratings,peer benchmarks, ESG trends and industry developments, the company has constructed a list of sustainability issuesand considered the views of stakeholders to evaluate and prioritise the importance of these issues from two dimensions:

impact materiality and financial materiality, including the financial importance of the company's managementassessment of the relevant issues and the opinion of external experts. The materiality matrix showed the key issues forthe year (e.g., product safety and quality, response to climate change, R&D and innovation, energy management andrenewable energy use, responsible supply chains, etc.). The Strategy and Sustainable Development Committeereviewed and confirmed the results of the materiality assessment.

2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

ResponsivenessCommunication channels between GCL SI and its key stakeholders are diverse. Evidence indicated that in 2024, thecompany's interaction with these stakeholder groups mainly included employee training, customer service andsatisfaction surveys, supplier evaluation and empowerment, investor interaction platform, public informationdisclosure, complaints and reports, and engagement of standards setting.The report disclosed data on key performance indicators such as energy consumption, greenhouse gas emissions(including Scope 1, 2, and 3 emissions), water use, pollutant and waste management, employee employment anddiversity, occupational health and safety, supply chain, etc., and these performance figures are historically comparable.The report also disclosed commitments and targets related to materiality issues to respond positively to key stakeholderconcerns.ImpactEvidence showed that in 2024, GCL SI focused on and monitored risks in the areas of water management, employeetraining and development, employee health and safety, anti-bribery and anti-corruption, responsible supply chain,response to climate change, and energy management. The company implemented ESG risk management (includingclimate risks), and combined operation management, compliance management processes, and internal control systemsto assess and control critical risks related to their own operations and upstream and downstream of the value chainand implemented a closed-loop rectification. The company formulated a biodiversity conservation strategy andpromoted the management of conflict minerals in the supply chain.The report disclosed a climate risk matrix (including risk types, risk factors, potential financial impacts, responsemeasures, etc.), as well as the company's emission reduction targets and greenhouse gas reduction roadmap. Evidenceindicated that in 2024, GCL SI has taken corresponding measures (such as energy improvement, energy optimization,procurement of renewable energy, photovoltaic desertification control projects) to reduce the impact on thecompany's operations. We recommend that GCL SI continue to conduct impact analysis on other sustainabilitymateriality issues and measure and manage these impacts.

Daniel PanTechnical Manager of Corporate Sustainability ServicesT?V Rheinland (Shanghai) Co., LtdShanghai, China, April 23, 2025

2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability Performance

Dear Reader：

Thank you for taking the time to read the 2024 Annual Sustainability Report of GCL SI Technology Co., Ltd. In ourcommitment to providing you and other stakeholders with more specialized and valuable information on corporatesustainability, we kindly request your assistance in completing the relevant questions within the feedback form. Your inputwill be instrumental in guiding us towards further enhancing our sustainability management practices in the future.Please score the following questions on a scale of 1 to 5 (1 being the lowest score and 5 being the highest score).

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2024 SUSTAINABILITY REPORTAbout the ReportChairman's Message About GCL SI2024 Sustainability PerformanceSustainability Strategy and GovernanceAnnual Feature「N」ature「E」quityE「X」cellence「T」rustAppendix

Address: No. 28 Xinqing Road, Industrial Park, Suzhou City, Jiangsu Province (GCL Energy Center)Telephone: 0512-69832889Email: gclsizqb@gclsi.comWebsite: www.gclsi.com