Sustainability ReportTitan Wind Energy (Suzhou) Co., Ltd.

Stock Code: 002531

CONTENTS

GovernanceReport Preparation StatementChairman’s MessageAbout Titan WindSustainability Management 08Corporate Governance 13Compliance Management 16

Appendice

Innovative Product Research and DevelopmentHigh-Quality and Efficient Customer Service SystemStrengthening the Supply Chain Responsibility System

Addressing Climate Risks and OpportunitiesBiodiversity ProtectionCommitment to Green and Low-Carbon ManagementSafeguarding Employee Safety and Health

Standardized Employee Recruitment and EmploymentPromoting Employee Care and RightsBuilding an Employee Growth and Empowerment SystemDriving Development Through Philanthropy

Operations

Indicator IndexFeedback

Environment

Society

Company ProfileDevelopment StrategyIndustrial Layout20-Year Development Journey

Reporting Period

Titan Wind Energy (Suzhou) Co., Ltd. (referred to as Titan Wind or we) has released its sustainabilityreport for three consecutive years, comprehensively disclosing the companys sustainability philosophy, actions, and performance. This aims to enhance stakeholders understanding of our environmental, social, andgovernance (ESG) management and foster collaboration for mutual benefit.Report Preparation Statement

Report Access

Contact Information

Reporting Scope

Data Sources

Basis of Preparation

Address：1203, Tower T3, Raffles

City, 1193 Changning Road, Changning District, ShanghaiTel.:021-52310067Email:public@titanwind.com.cn

The statistical timeframe for the information in this report is from Jan. 1, 2024 to Dec. 31, 2024, withsome data and content extending beyond this period.

The information in this report is derived from internal company data, interview records, and relevantdocuments. It has not been subject to third-party assurance audits and is provided for investorreference only. Due to differences in statistical calibers, some historical data may have been adjustedin this report. In case of discrepancies, this report shall prevail.

Titan Wind and its wholly-owned/controlled subsidiaries in the infrastructure development phase oralready operational (collectively referred to as the Company).

Unless otherwise specified, the currency used for monetary measurements is Renminbi (RMB).

This report was prepared in accordance with theSZSE Self-Regulatory Guidelines for ListedCompanies No. 3 Sustainability Report Preparation, theUnited Nations Sustainable Development Goals (SDGs), and other relevant standards.

This report is published electronically on stockexchange-designated information disclosureplatforms and is available for online viewing ordownload on the Company’s official website.If you have any suggestions regarding this report,please contact us through the following methods:

Chairman’s Message

““

YAN Junxu, Chairman of Titan Wind Group

Over the past two decades, Titan Wind has weathered storms and forged ahead withperseverance. Since its founding in 2005, Titan Wind has consistently adhered to strategicpriorities. Through its dual-drive strategy-excelling in equipment manufacturing and relentlesslyadvancing resource development and operations-the company has evolved from a startup to anindustry leader.Reflecting on 2024, the journey was fraught with challenges. Amid a volatile global economy andcyclical industry fluctuations, the company faced numerous obstacles. Yet, “tempered by trials,unwavering in all winds”, every Titan Wind employee demonstrated unyielding resilience. Withfearless courage and steadfast conviction, we achieved transformative organizational reforms. Byoptimizing structures, refining governance, and enhancing collaboration, we infused newmomentum into the company’s development.Looking ahead, the industry is on the cusp of a bright and promising future. Under the nationaldual-carbon goals (carbon peaking and carbon neutrality) and the global trend toward low-carbonenvironmental protection, the offshore wind power sector is poised to enter a golden decade ofdevelopment. Titan Wind has successfully established its strategic layout in “Offshore +Overseas” markets, creating a high-speed pathway to the future and marking a pivotal milestone inthe company 's growth.Now, with favorable winds and sails unfurled, all Titan Wind members must act decisively, ridethe currents, and seize this historic opportunity. Marking our 20th anniversary as a new startingpoint, we will harness the momentum to accelerate toward even greater horizons.

“

Report Preparation Statement

Two Decades of Glorious Achievements, Grateful for the Journey TogetherUnite with

Energy to Forge Ahead, Brave the Waves to Embark on a New Voyage

About Titan Wind

MissionGrowing TitanGreen World

Vision

Values

Global Clean Energy LeaderCommitted to Smart and Green Power

BehavioralPrinciples

We Commit We DeliverCreate Value

Integrity, Respect,Pragmatism, Frugality,Innovation,Collaboration

Corporate CultureTitan Wind Energy (Suzhou) Co., Ltd. was established in Suzhou in 2005and listed on the Shenzhen Stock Exchange (SZSE) in 2010.With two decades of dedication to the wind power industry, the companyhas grown into a global leader in new energy equipment manufacturingand a domestic leader in new energy development and operationalservices. Its business spans wind power and marine equipmentmanufacturing, as well as wind farm development, construction, andoperation. The company’s equipment manufacturing products includewind turbine towers, composite materials such as wind turbine blades andmolds, and core offshore wind power equipment like monopiles, jacketfoundations, floating foundations, offshore substations, and collectorstations. The business has also expanded into large marine engineeringequipment for specialized vessels, and other fields.Committed to advancing clean energy and building a green, low-carbonindustrial system, the company offers full lifecycle services fromresource development, project construction, and operation managementto green power trading. As of the end of 2024, Titan Wind’s self-ownedoperational wind power installed capacity reached 1.6GW, with annualclean energy generation totaling 3.575 billion kilowatt-hours, drivingenergy transition and sustainable development.

2005

Established inSuzhou

2010Listed on the SZSEb

Company Profile >>>Report Preparation Statement

New Energy EquipmentManufacturing

Two-WheelDrive Strategy

Zero-Carbon IndustrialDevelopment

Development Strategy >>>Appendices

Total AssetsRMB25.097 billionNet AssetsRMB8.924 billion

2024

Germany

BinzhouPuyang

Heze

SheyangNantong

ZhangzhouYangjiang

Taicang

Beihai

ChangshuHanchuan XuanchengShayang

HamiXinjiang Clean Energy Base

Baotou

ShangduXinghe

Qian’anTongliao

Upper Yellow River Clean Energy Base

Upper Jinsha River Clean Energy Base

Hexi Corridor Clean Energy Base

Yellow River “Π”-Shaped Bend Clean Energy Base

Northern Hebei Clean Energy Base

Songliao Clean Energy Base

Beibu Gulf OffshoreWind Base

ShanweiEastern GuangdongOffshore Wind BaseSouthern Fujian OffshoreWind Base

Yangtze River DeltaOffshore Wind BaseSongliao CleanEnergy Base

Taicang

South China Sea

Upper Jinsha River Clean Energy BaseYalong River Basin Clean Energy BaseGuangxi (Under Construction)

Orchid IslandTaiwan IslandDiaoyu Islands

Chiwei Yu

ShandongProvince

JiangsuProvincial

AnhuiProvinceHenanProvinceHubei Province

Nanyang

Xinjiang Uygur Autonomous Region

Inner Mongolia Autonomous Region

Jilin Province

Guangdong Province

Jieyang

Industrial Layout >>>Onshore Wind Tower Bases: Taicang Tower Base, Baotou Tower Base,Shangdu Tower Base, Tongliao Tower Base, Heze Tower Base, PuyangTower Base, Qian’an Tower Base, Beihai Tower Base, Shayang TowerBase

Onshore Wind Tower Bases: Taicang Tower Base, Baotou Tower Base,Shangdu Tower Base, Tongliao Tower Base, Heze Tower Base, PuyangTower Base, Qian’an Tower Base, Beihai Tower Base, Shayang TowerBaseBlade/Mold/Zero-Carbon Composite Materials Bases: Changshu Blade Base, Puyang Blade Base,Shayang Blade Base, Qian’an Blade Base, Shangdu Blade Base

Blade/Mold/Zero-Carbon Composite Materials Bases: Changshu Blade Base, Puyang Blade Base,Shayang Blade Base, Qian’an Blade Base, Shangdu Blade Base

Offshore Engineering Bases: Sheyang Base, Nantong Base, Zhangzhou Base, Jieyang Base, Shanwei Base, Yangjiang Base, Beihai Base, Germany Base

Nanning

NanningGuangzhou

GuangzhouHong Kong

Dongsha Islands

Dongsha IslandsHuangyan Island

Huangyan IslandNansha Islands

Nansha IslandsSouth China Sea

South China SeaZengmu Reef

Zengmu ReefSansha

SanshaXisha Islands

Xisha IslandsYongxing Island

Yongxing IslandSanya

SanyaHaikou

HaikouHainan Island

Hainan IslandHainanProvince

HainanProvinceZhongsha Islands

Zhongsha IslandsHuangyan Island

Huangyan IslandSouth China Sea

Islands1:32 000 000

South China Sea

Islands1:32 000 000Guangxi ZhuangAutonomous Region

GuangdongProvince

Appendices

Built the world’slargest single-unittower factory inTaicang Port Area,with the group’score productcapacity exceeding500,000 tons.Obtained ISO 3834InternationalWelding SystemCertification.

Completed andoperationalized thefirst wind towerfactory in Taicang,securing orders frominternational clientslike GE and Vestas,initiating strategicpartnerships.

Initial Exploration Phase（2005-2010）

（2021-2025）

200520062010

20132015201620192020

202320232024

Listed on theShenzhenStockExchangewithstockcode 002531.

Completedthe layout ofdomesticcore bases,initiallyestablishingeightmajorproductionbases.

Strategically expanded intohydrogen energy, activelyinvesting in hydrogen fuelcell R&D, AEM waterelectrolysis hydrogenproduction technology, andpromoting integrated off-grid/on-grid hydrogenproduction and refuelingapplication scenarios.

Explored green power tradingand green certificate trading toadvance the “Carbon Peakingand Carbon Neutrality” dual-carbon strategic goals.

Transformation and

Upgrading Phase

Development andAdjustment Phase

（2011-2020）

Laid the foundation for the Changshu BladeFactory, the company’s first large-scaleinternational wind turbine blade productionbase. As a leading composite materials R&Dand manufacturer, it encompasses threebusiness segments: composite structuralcomponents, composite molds, and pultrudedpanels, synergizing with the company’s windtower and wind farm development operations.

20-Year Development Journey

Officially established in Suzhou.Commenced construction of the Hami WindFarm, officially grid-connected in Jul. 2016,marking Titan Wind’s transition from a purewind tower and component manufacturer to awind farm operator, diversifying its businessmodel.

Commenced construction of the Hami WindFarm, officially grid-connected in Jul. 2016,marking Titan Wind’s transition from a purewind tower and component manufacturer to awind farm operator, diversifying its businessmodel.Acquired Germany’s Ambau and JiangsuChangfeng, entering the offshore windpower equipment manufacturing sector.

Acquired Germany’s Ambau and JiangsuChangfeng, entering the offshore windpower equipment manufacturing sector.

Commenced construction of the Germany Baseto accelerate the overseas expansion.

Commenced construction of the Germany Baseto accelerate the overseas expansion.Appendices

Governance

Sustainability Management

Corporate GovernanceCompliance Management

Under the leadership of the Board of Directors, the company has established a three-tier ESG governance system spanning governance, management, and execution levels.Sustainability Governance Structure

Governance

Management

Execution

Responsible for decision-making onmajor ESG matters

Drives the execution of major ESGdecisions formulated by the Board

The Group Headquarters has designated ESG management roles to guide each businessunit in establishing and optimizing ESG management systems

Each business unit and its subsidiaries implement ESG initiatives to continuouslyenhance the company’s sustainable development capabilities.

Sustainability Management

Board ofDirectors

Board StrategyCommittee

ESG ManagementRoles

Relevant Departments inBusiness Units

Stakeholder Engagement

Stakeholders

Key Expectations

Communication Channels

Employees

Report Preparation StatementChairman’s MessageChairman’s MessageGovernanceOperationsEnvironmentSocietyAppendices

The company adheres to the principle of transparent operations, committed to establishing long-term and stable communication mechanisms with all stakeholders. Throughperiodic or ad-hoc due diligence activities such as stakeholder interviews, surveys, and dialogues, we thoroughly understand stakeholders’ demands and opinions on key issues,respond to their needs via diverse channels, and strive to achieve mutually beneficial collaboration.

Customers

Sustainable growth,shareholder returns,

standardizedgovernance, riskprevention, informationdisclosure, investorrelations management

Protection of legalrights,compensation andbenefits, careerdevelopment paths,safe and healthyworkingenvironments

High-qualityproducts andservices,informationsecurity andprivacy protection

Low-carbondevelopment, taxcompliance,lawful andcompliantoperations

Transparentprocurement,contractualintegrity,supply chainsecurity

Industrycollaboration,product innovation

Emissions andwastemanagement,biodiversityconservation,water resourcemanagement,ruralrevitalization

Transparentinformation disclosure

Shareholders andinvestors

Governments andregulatory bodies

Partners and

suppliers

Industry associations/peers/academicinstitutions

Communities

Media

Shareholdermeetings,companyannouncements,investorcommunications

Employeerepresentativeconferences, factoryaffairs transparency,employee handbooksand training,performanceevaluations, andsatisfaction surveys

Customer servicesupport,satisfactionsurveys, contractsand agreements

Officialdocuments andreports,regulatory filingsand approvals,license andpermitapplications

Contracts andagreements,supplierevaluations andmanagement

Industry - academia -researchcollaborations,industry forums andexchanges

Pollutionreductioninitiatives, publicwelfare activities

Media interviews andcoverage

Material Issues

Step 2

Step 3 Step 4

During the reporting period, we conducted materiality issue identification andanalysis.By evaluating two dimensions-impact materiality and financialmateriality-wedetermined the dual materiality level of each issue. This processhelps clarify ESGimprovement priorities and key tasks for the company whilebetter addressing stakeholderexpectations.

Stakeholder Identification: Identify thecompany’s business activities, operationalcontext, and key stakeholders;

Issue Identification: Through internationalstandards, SZSE regulations, peerbenchmarking, major ESG ratings, mediamonitoring, and stakeholder engagement,identify issues highly relevant to the company;

Issue Assessment: Evaluate the materialityof each issue through stakeholderconsultations and internal interviews withdepartments focused on environmental,social, and governance topics.

Materiality Confirmation: Finalize materialissues based on stakeholder evaluations,industry trends, the company’s developmentstrategy, competitive priorities, corporatevalues, and operational management.

Issue Identification and Analysis

Report Preparation StatementChairman’s MessageAbout Titan WindGovernance

EnvironmentSocietyOperationsAppendices

Step 1

Materiality Matrix

Not Important

11 111111111118

Environmental Issues

Governance Issues

Social Issues

Report Preparation Statement

Chairman’s MessageAbout Titan Wind

GovernanceOperationsEnvironmentSocietyAppendices

Material issues are focal points for the company’s sustainability management. Based on thecompany’s sustainability context, benchmarking against standards, policy analysis, and peercomparisons, we conducted preliminary identification and screening of issues. Aligned withSZSE guidelines, we evaluated these issues from dual perspectives-financial materiality andimpact materiality-adjusted the scope of topics, and ultimately presented the materiality levelsof each issue through a matrix.

VeryImportant

Importance toEconomic,Social, andEnvironmentalImpact

Has impact materiality but lacks financialmaterialityHas both financial and impactmateriality

Lacks both financial and impactmaterialityHas financial materiality but lacks impactmaterialityImpact on Corporate FinancesVery Important

EnvironmentalComplianceManagement

Climate Change ResponseWater Resource ManagementEnergy ManagementWaste Management Biodiversity Protection

CorporateGovernanceGreen Operations

Information Security andPrivacy ProtectionAnti-Bribery andAnti-Corruption

Product Quality and SafetyShareholder InterestsEmployeeDevelopmentCustomerManagementSupply Chain Management

Intellectual PropertyManagementOccupational Health and SafetyPhilanthropic ActivitiesEmployee Rights and Welfare

Sustainability-Related Ratings

267 Titan Wind Energy (Suzhou) Co., Ltd. China

Report Preparation StatementChairman’s MessageAbout Titan Wind

GovernanceOperationsEnvironment

SocietyAppendices

Included in the Hang Seng CorporateSustainability Index Series for three

consecutive years

Included in the S&PSustainability Yearbook ChinaEdition for two consecutive years

Syntao Green Finance

2024 Rating: A-

10 subsidiaries have obtainedHigh-tech Enterprise Certification

Ranked among the Global Top 500New Energy Enterprises for multiple

consecutive years

Corporate GovernanceCorporate Governance Structure

Shareholder MeetingBoard of Directors

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSocietyAppendices

Titan Wind strictly complies with laws and regulations such as the Company Law of the People’s Republicof China and the Securities Law of the People’s Republic of China, as well as rules set by the CSRC andSZSE. The company has established and refined internal systems including the Independent DirectorWorking Guidelines and Public Opinion Management Regulations. Governance is carried out in accordancewith the Articles of Association, the Rules of Procedure for Shareholder Meetings, the Board of Directors,the Board of Supervisors, and the Working Guidelines for Committees.The company has built a robust governance framework comprising the Shareholder Meeting,Board ofDirectors, Board of Supervisors, and senior management. This ensures standardizedoperations acrossdepartments and guarantees the fairness and scientific rigor of governancedecisions.

AuditCommittee

StrategyCommittee

Compensationand Evaluation

Committee

NominationCommitteeManagementStructure

GovernancePerformance for 2024

Shareholder Meetings: 1 held, 9 proposalsreviewed

Board Meetings: 4 held, 20 proposals

reviewed

Committee Meetings: 6 held, 14

proposals reviewedMeetings of Board of Supervisors: 4 held,

12 proposals reviewed

Compliance training hours for directors,supervisors, and senior management50.5

hours

Shareholder

Meeting

Board ofDirectors

Board ofSupervisors

Management

Structure

As the supreme authority, it decides on business policies,investment plans, and reviews Board reports.Responsible for convening Shareholder Meetings, executingShareholder Meeting resolutions, and managing informationdisclosure.The Board of Directors has established special committees,each of which performs its duties in accordance with the lawto ensure that they operate independently from managementand other interest groups and provide critical support forinformed decision-making.Performs duties under regulatory rules and the Articles ofAssociation, including verifying financial records andoverseeing the conduct of directors, executives, and seniormanagement.Implements resolutions from the Board and ShareholderMeetings, driving business growth and internal management.

Board Diversity>>> Shareholder Rights Protection>>>

MaleFemale

EducationBachelor’s DegreeAge30-40 years40-50 yearsOver 50 years

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSocietyAppendices

To optimize governance structure, the company emphasizes board diversity, independence,and effective performance. In accordance with the Rules of Procedure for the Board ofDirectors, board members are nominated, elected, and appointed based on factors such asage, gender, educational background, professional qualifications, and industry experienceto meet the needs of all business segments. As of the end of the reporting period, the Boardcomprises 7 members.Diversity composition of the Board:

To safeguard shareholder rights, the company convenesannual Shareholder Meetings in compliance with regulatoryrequirements and the Articles of Association. Voting isconducted through a combination of online and on-sitemethods to ensure equal treatment of all shareholders. Formajor matters impacting minority investors, the companyseparately counts votes from minority shareholders toguarantee their effective participation in decision-makingand full protection of their legal rights.

DividendDistribution

Dividend per 10 shares in 2024RMB0.2

Cumulative dividends over thepast three yearsRMB170.703 million

GenderRoles Appointed

Master’s Degree orHigher

Independent Non-ExecutiveDirectorsExecutive DirectorsNon-Executive Directors

esponses on doniplatorm irmninoomn

Investor emails responded to

Compliance Information Disclosure>>>

Report Preparation Statement Chairman’s MessageAbout Titan Wind

GovernanceOperationsEnvironment

SocietyAppendices

In conducting information disclosure, thecompany strictly adheres to requirementssuch as the SZSE Listing Rules andInformation Disclosure ManagementRegulations to ensure truthful, accurate,complete, timely, and fair disclosure. Allinformation that may materially impactdecisions by shareholders and otherstakeholders is disclosed on SZSE-designated information disclosure platforms.

To enhance investor engagement, the company proactively communicates with institutional investors-includingsecurities firms, public funds, private equity institutions, foreign institutions, and insurance companies-as well asretail investors. This ensures timely and effective access to company information, supporting informedinvestment decisions.During the reporting period, the company held multiple investor engagement activities, including earningsbriefings and Shareholder Meeting discussions. Additionally, daily communication is prioritized throughplatforms like the Hudongyi platform (irm.cninfo.com.cn), investor hotlines, and emails to maintain closecontact with retail investors.

Announcements issued in 2024

Investor relationsperformance in 2024

Earning briefings held

Transparent Investor Communication>>>

Compliance Management

Compliance Risk Management

Risk Management Structure

Performance

Report Preparation StatementChairman’s Message

About Titan Wind

Governance

OperationsEnvironment

SocietyAppendices

The company strictly complies with laws such as the Company Law of the People’s Republic of China and the Securities Law of the People’s Republic of China. Internalmanagement systems, including the Risk and Opportunity Management Control Procedures and Internal Audit Management Regulations, have been established to build arisk management framework aligned with the company’s growth. This framework clarifies risk management policies and processes to address internal and external risks,ensuring operational resilience.The company has established a top-down riskgovernance structure. The Board of Directorsappoints the General Manager and the RiskManagement Center to oversee legal/compliancerisk management. The Audit Committee isresponsible for reviewing the effectiveness ofcomprehensive risk identification, assessment,internal management, and monitoring procedures.

The company has developed a risk management system to thoroughly identify risksand opportunities during operations. Management measures are formulated to addressrisks and seize opportunities, followed by implementation of controls to eliminate ormitigate adverse impacts, enhance positive effects, and improve operational efficiencyto achieve business objectives.

Quantify the uncertainty of risks andpotential lossesRiskAssessment

RiskIdentificationEvaluate the severity and frequency ofrisksRiskResponse

Implement measures based onassessment resultsEnsure effective executionof risk mitigation measuresRisk Monitoring andImprovement

In 2024, auditorsissued an InternalControl Audit Reportwith an unqualifiedopinion.Risk ManagementCenter

Board ofDirectors

Audit CommitteeGeneralManager

Business Units

Risk Management Process

Information Management Structure

Information Protection Measures

Information Security Policies

Information Security and Privacy Protection

Report Preparation StatementChairman’s MessageAbout Titan Wind

GovernanceOperations

Environment

Society

Appendices

Information and data are among the company’s mostvaluable assets. The company has established a series ofinformation security management systems to protectcritical information and assets from unauthorized access,leakage, destruction, and interference. These systemsalso strengthen employee awareness of informationsecurity and ensure normal business operations.

Board ofDirectors

GeneralManager

DigitalizationOffice

Prevention FirstDynamic AdjustmentFull ParticipationCompliance

Compliance Risk

Management

Clear classification and protection of information are essential to ensuresecurity;

InformationAccess

Control:

Define access control policies, including scope, principles, methods, andprocedures, ensuringall employees understand and comply;

System SecuritySafeguards:

Protect computer networks and their information from unauthorized access,damage, misuse,or leakage, covering physical security, network security, hostsecurity, application security,and data security;Data Backup andRecovery:

EmergencyResponse Plan:

Establish a cross-departmental emergency response team and effective early warning systems,conduct regular drills, and continuously refine and improve the emergency response planbased on the drill outcomes and practical operational experience to ensure it adapts to newenvironments and challenges;

Employee Code of

Conduct:

Standardize daily information security practices to create a secure, stable, andefficient ITenvironment;

ConfidentialityAgreements

andContracts:

All employees, contractors, consultants, partners, and others with access tocompanyinformation shall sign confidentiality agreements;

TechnicalMeasures:

Implement strict technical safeguards to counter information security threats;Audit andCompliance:

Evaluate the effectiveness of security controls and propose improvements.

InformationClassification

andProtection:

ContinuousImprovement

Prevent data loss caused by accidents, natural disasters, or human errors throughbackups andrecovery plans;

Data Leak Incidents

Security Audit Coverage Rate100%

Average Security Incident ResponseTimeWithin1 hour

Report Preparation Statement

Chairman’s Message

About Titan Wind

GovernanceOperationsEnvironmentSocietyAppendices

Introduce artificial intelligence and big data analytics to enhance predictive andpreventive capabilities for security risks;Strengthen information security management and evaluation with third-partysuppliers;Continuously improve the information security management system andpromote the deepening and widespread adoption of a security culture.

In 2024,Future OptimizationDirections

Information SecurityPerformance

Action Performance in 2024

Business Ethics

Anti-Bribery and Anti-Corruption

Anti-Unfair Competition

Anti-Corruption and Bribery Litigation Cases: 0;

PerformanceAnti-Unfair Competition Litigation Cases in 2024: 0;

Supplier Integrity Commitment Signing Rate: 100%;Employee Integrity Commitment Signing Rate: 100%;

Report Preparation StatementChairman’s MessageAbout Titan WindGovernance

Operations

EnvironmentSocietyAppendices

The company upholds fair and equitable operations, adopting a zero-tolerance stance towardunethical practices such as corruption, favoritism, and unfair competition.

We strictly comply with laws and regulations such as the Criminal Law and the InterimProvisions on Prohibiting Commercial Bribery, as well as the company’s Code of Conduct andEthics. We oppose any form of corruption or bribery, requiring all employees and businesspartners to act with integrity. Anti-corruption and anti-bribery training programs are conducted tostrengthen employees’ ethical awareness and foster correct business ethics.Integrity risk control measures:

PolicyStandards

Through signed commitments or contractual clauses, the company mandatesclients, partners, suppliers, and other stakeholders to prohibit obtainingbusiness through illegal or unethical means, ensuring fair market competition.

Mechanisms

Regular compliance training is delivered via multiple channels to ensureemployees understand and adhere to the Code of Conduct and Ethics. Topicsinclude compliance operations, anti-bribery, anti-unfair competition,whistleblowing, disciplinary actions, and improvements.

Prevention Mechanisms: Employees must sign an Integrity Commitment

Letter and undergo training before onboarding. All suppliers shall signcontracts with integrity clauses and are subject to supplier performancemanagement.

Disciplinary and Protection Mechanisms: The company’s Whistleblowing

Investigation Management Regulations and Internal Audit ManagementRegulations ensure strict handling of reported violations. Whistleblowers arerewarded proportionally based on recovered economic losses.

We advocate fair trade and avoid any abuse of marketdominance or actions that harm free competition. Werespect and comply with laws such as the Anti-UnfairCompetition Law, Anti-Monopoly Law, andRegulations on Prohibiting Abuse of MarketDominance to regulate the company’s anti-faircompetition.

WhistleblowerChannel

Email: jubao@titanwind.com.cn

Training andCommunication

Operations——Innovative Product Research and Development——High-Quality and Efficient Customer Service System——Strengthening the Supply Chain Responsibility System

Innovative Product Research andDevelopment

The company focuses on refining its R&D management system, ensuring clear norms andstandards for R&D projects. It optimizes innovation incentive mechanisms and builds a multi-tiered motivation system to transform R&D capabilities into market competitiveness. Throughcontinuous product innovation, the company meets evolving market demands.

New Patents Added in 2024:

Process Technologies improvedin 2024:

Total R&D personnel in 2024:

R&D Personnel Composition:

3Laboratories1Provincial-levelGreen Factory

10High-Tech Enterprises

1Specialized,Refined,Distinctive,and Innovative “LittleGiant” Enterprise

2Provincial-level Industrial EnterpriseTechnology Centers

Laboratory Showcase

Education(Persons)

Over 40 years30-40 yearsUnder 30 yearsAge(Persons)

8967

2440

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSociety Appendices

Total number ofintellectual property:

Inventionpatents:

Below Bachelor’sDegreeBachelor’s DegreeMaster’s Degree orHigher

Intellectual Property Management >>>

Product R&D Approaches>>>

Collaborative R&D with academic institutionsCaseThe company partnered with Tongji University on a wind turbine bladepyrolysis recycling project. End-of-life blade recycling has long been achallenge in wind equipment circular utilization, primarily due to the highcost and low value recovery of their core material—thermoset resinmatrix composites embedded with glass or carbon fibers. This projectrepresents a critical breakthrough in addressing composite materialrecycling challenges. By analyzing the quality of recovered glass andcarbon fiber strands and developing a recycling process route, the projectadvances resource utilization technology for wind turbine blade pyrolysis.

Green Power-to-HydrogenEquipmentDevelopmentThe company collaborated with Puyang Petrochemical Vocational andTechnical College to develop green power-to-hydrogen equipment.Focused on technological innovation, standardization leadership, andreal-world application, this initiative aims to overcome core technicalchallenges in green hydrogen production, establish regionaldemonstration models, and provide systematic solutions for energystructure transformation and decarbonization of high-carbon industries.

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSociety Appendices

Collaborative R&D with suppliers

Wind Turbine Blade Pyrolysis Recycling

Project Collaboration

Case

Independent R&D

Leveraging AI’s robust data analysiscapabilities, this technology accuratelyidentifies subtle or hidden defects in non-destructive testing images or data, reducinghuman error and missed judgments. Itenhances defect detection precision andreliability, automates defect recognition,rapidly processes large volumes ofinspection data, and significantly shortenstesting time. This improves efficiency innon-destructive testing to meet demands formass production and rapid inspection.

For further details on improvementsin production processes andtechnologies, refer to Section 3Management Discussion and Analysisand R&D Investment in the2024Annual Report.Through equipment and process upgrades, this technologyincreases wire melting speed, thereby improving overallwelding efficiency

20%

10%

The integrated 10Nm?/h green hydrogen production andforklift refueling system combines large-scale hydrogenproduction, storage, and refueling technologies with multi-energy synergy control and modular deployment. Itestablishes a hydrogen demonstration platform integratingR&D and real-world applications. The system supportsgreen hydrogen production, fuel cell vehicle operations,and full-industry-chain hydrogen technology validation.

2024 Asia Electrolytic Water

Hydrogen Production

Innovation Award

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSociety Appendices

Defect recognition accuracy rate:

90%Detection efficiency improvement:

50%

CaseCaseAI-Assisted Defect RecognitionTechnologyfor Non-Destructive Testing

Hot-Wire Submerged Arc WeldingProcess Research and Application

Case

10Nm?/h Electrolytic Water Hydrogen Production-Storage-Refueling Skid System and Electrolyzer Prototype

Longitudinal seam weldingefficiency for wind turbine towersCircumferential submergedarc welding efficiency

Standard Certificate: CarbonFiber for Wind Turbine Blades

Industry Collaboration >>>Industry collaboration plays an irreplaceable role in drivingindustrial development. In 2024, the company activelyparticipated in industry summits and forums, supported theestablishment and refinement of industry standards alignedwith international norms, and engaged in meetings andactivities of association executive committees andsubcommittees. By collaborating with upstream anddownstream partners in the industrial chain, we collectivelypromoted the green development of the wind power sector.

● General Technical Requirements and Test Methods for

Wind Turbine Generator Systems (GB/T 19960-2024);

● Manufacturing Standards for Monolithic Tower Flanges

of Wind Turbines;

● Construction and Quality Acceptance Specifications for

Steel-Concrete Hybrid Towers of Onshore WindTurbines;

● Carbon Fiber for Wind Turbine Blades (T/CI 476-2024).

Product Safety and Quality >>>

The company adheres to the quality management philosophy: “Serve customers with top-tierquality; prioritize safety and health; give back to society through green practices; pursuesustainable development as an industry leader”. Guided by theQuality, Environmental, andOccupational Health and Safety Management Manualand process-specific quality guidelines,based on different kinds of International Quality Management System, we actively incorporatefeedback on quality issues, invest in human and material resources, and leverage automation toolsto continuously refine our quality management system. This ensures the delivery of superiorproducts to customers.Industry Standard DevelopmentContributions in 2024:

Factories certified with ISO 9001Quality Management System, ISO 14001Environmental Management System, andISO 45001 Occupational Health andSafety Management System:

EN 1090-1Certificate

Report Preparation StatementChairman’s MessageAbout Titan WindGovernanceOperationsEnvironmentSociety Appendices

Management SystemCertifications

Other welding certifications: Japanese Minister of Land, Infrastructure, Transport andTourism (MLIT) H-grade Certification; EN 1090-1 Certificate; EN 1090-2 Certificate; ENISO 3834-2 Certificate.

EN 1090-2Certificate

Japanese MLIT H-grade CertificationEN ISO 3834-2Certificate

The company has established a framework for product safety production and quality management objectives, settling clear quality targets to ensure products meet customerrequirements and industry standards. This enhances customer satisfaction while driving continuous business improvement and sustainable development.

Quality and SafetyAssurance

Organize allemployees tostudy and discussquality andsafety objectives,ensuring fullunderstandingand alignment.

FullParticipation

Recognize andreward outstandingindividuals orteams, whileaddressingviolations ofquality and safetyregulations.

Reward and Penalty

MechanismsProvide targetedquality and safetytraining for criticalroles and personnelto enhance theirexpertise andawareness.

Professional

Training

Establish feedbackmechanisms toencourage employeesuggestions forimprovement, andcontinuouslyoptimize objectivesand managementmeasures based onevaluationoutcomes.

Feedback andImprovement

Decompose qualityand safety objectivesinto specific tasksfor each productionstage, department,and individual, withclearly definedresponsibilities.

ObjectiveBreakdown andAccountability

Utilize data analysistools to statisticallyevaluate theachievement ofquality and safetyobjectives, identifyissues promptly,and implementcorrective actions.

Data Analysis

Conductcomprehensiveperiodic checkson productionprocesses, productquality, and safetyconditions.

RegularInspections

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AssuranceMeasures

Safety ProductionMonthIn Jun., the company actively responded to the national “Safety Production Month”initiative by organizing educational and practical activities under the theme “EveryonePrioritizes Safety and Can Respond – Clear Pathways for Life”. This included safetyknowledge competitions to strengthen internal safety management, bridge gaps withfrontline operations, and foster a culture of responsibility, proactive improvement, androbust safety systems.

Product recalls in 20240cases

Product QualityPlanning Meeting

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Case

Case

Product quality is the lifeline of amanufacturing enterprise. To reinforcequality awareness, the company held amanagement-level quality and safetymeeting. Discussions focused on theresponsibilities of the Quality and SafetyCenter, quality system safeguards,quality control management, EHSmanagement implementation, andquality/safety objectives. Actionableitems were defined, and accountabilityagreements were signed.

CustomerAwards

Customer satisfaction rate:

97.13%

Complaint resolution rate:

100%

Marketing compliance violations:

Customer data leakage：

Direct phone access to assignedaccount managers

The company consistently prioritizes customers by establishing a comprehensive customer service management system through procedures such as the Project QualityManagement Control Procedures, Customer Satisfaction Evaluation Procedures, and Customer Complaint Handling Process. We actively listen to customer feedback,continuously optimize services, and deliver safe, reliable, and superior experiences.

A dedicated customer servicedepartment oversees a completecomplaint resolution process witha 24-hour response mechanism.This covers receiving complaints,preliminary analysis, detailedinvestigation, corrective actionimplementation, and final clientfeedback to address qualityexpectations promptly.

High-Quality and Efficient Customer Service System

Customer Service Management >>>

ComplaintHandling >>>

Customer

NeedsAnalysis

Customized

TechnicalSolutions

TimelyComplaintResponse

CustomerSatisfaction

Surveys

Continuous

Product/ServiceImprovement

Wind Turbine · Best

Partner Award

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Customer satisfactionsurvey coverage:

100%Business contact channels:

CustomerPerformance

We prioritize rigorous quality control as the foundation, strictly overseeing every stage of the supply chain. Through policies such as theCode of Conduct for Suppliers andManagement Procedures for Suppliers, we build a stable, high-quality, efficient, and mutually beneficial supply chain ecosystem to achieve shared growth.

Participate in third-party auditsto meet stakeholder expectationsfor compliance and transparency,enable product traceability, andensure a stable and reliablesupply chain.

Key materials that directly impact

product quality

Tiered management,periodic evaluations,and audit-basedcorrective actions

Comprehensiveevaluation coveringgovernance, product,environment, society,operations, andsupply chain.

BOM (Bill of Materials) itemsoutside those of Category A

Strengthening the Supply Chain Responsibility System

Sustainable Supply Chain Management System >>>

SupplierEvaluation

Category

A

ExistingSuppliers

Supply Chain ManagementProcess >>>

Supplierinformation reviewDesktopassessmentOn-site auditNon-conformityresolutionSupplier qualificationapplication

Monthly performancemonitoring

Non-conformityresolution

Supplierreclassification

Elimination of non-compliant suppliers

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CategoryB

Category

C

Non-BOM materialsSupply ChainManagement

NewSuppliers

New supplierdevelopment

Inclusion in approvedsupplier list

SupplierClassification

The company integrates ESG principles into suppliermanagement, empowering supply chain partners toenhance sustainable development practices. This servesas a critical basis for evaluating suppliers’ comprehensiveESG performance.

Sustainable Supply ChainManagement >>>

The company fosters fair and transparent partnerships with small and medium-sized enterprise(SME) suppliers through the following measures:

Equitable Treatment ofSMEs >>>

Supplier ESGEvaluation Criteria

Protection of employees’ legal rights and interests.

SocialResponsibility

Environmental management systems, emergencypreparedness for environmental incidents, andprohibition of toxic/hazardous chemicals.

EnvironmentalProtection

Occupational health and safety managementsystems, adequate training, provision of protectiveequipment, and regular health checkups.

OccupationalHealth and Safety

Intellectual property protection, trade secretsafeguards, and zero tolerance for unethical gains.Business Ethics

Increase the procurement share allocated to SMEs and offer priceevaluation preferences;Ensure fair and reasonable contract terms with rigorousoversight of execution;Provide technical support and training to optimize production processes andimprove product quality, avoiding unilateral transfer of market volatility risks toSMEs;Focus on risk management (e.g., financial, production) to ensure supply chainstability and promote healthy growth.

In 2024, the company recordedzerooverdue payable amounts to SMEs.

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Supplier Key Performance Data for 2024Total suppliers:

Target supplierreview rate:

100%

36.9%14.4%

48.7%

Core Suppliers:

Target supplier reviewrectification rate:

100%

Terminated Suppliers:

Mid-term partnerships (1-2 years)Short-term partnerships (within 1 year)Long-term partnerships (3+ years)

SupplyChainStability

Total supplier training hours:

Supplier Training1,904H

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Environment

——Addressing Climate Risks and Opportunities——Biodiversity Protection——Commitment to Green and Low-Carbon Management——Safeguarding Employee Safety and Health

Addressing Climate Risks and Opportunities

Physical Risks

In 2024, the company conducted comprehensive climate scenario analysis, integrating climate change into its long-term development strategy. Aligned withthe TCFD framework and international sustainability disclosure standards, we systematically identified and categorized climate risks using industry bestpractices to better understand and mitigate potential climate-related impacts.

?Heightened transportation challenges and supply chaindisruptions;?Negative impacts on work force health, safety, andattendance;?Physical damage to assets;? Elevated probability and severity of insurance claims.?Dual risks of supply chain and operational shutdownsdue to power restrictions;? Adverse effects on outdoor or work force efficiency;? Increased energy consumption for temperature control(e.g., air conditioning).?Accelerated corrosion of port infrastructure;?Increased destructive waves and storm surges

Rising averagetemperatures

Sea-level rise andocean acidification

?Reduced revenue due to decreasedproductivity;?Accelerated asset depreciation;?Increased operational and maintenancecosts (e.g., insurance premiums)

Impact Category Risk TypeRisk Description Potential Financial Impacts Response Strategies

Acute

Chronic

?Revenue decline from reduced

production capacity;?Higher production and operational cost.

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Increased severityof extreme weatherevents (e.g.,typhoons, floods)

?Elevated maintenance costs andshortened equipment lifespan;

?Reduced renewal cycles for wind powerequipment.

?Establish a supply chain resilienceassessment mechanism, prioritizingclimate-adaptive suppliers;?Adjust outdoor work schedules;?Use high-temperature-resistant and

corrosion-resistant materials, andstrengthen disaster-resistant infrastructureat production sites;

?Develop emergency preparedness plans

with regular risk assessments and updates;

?Transition to green electricity to replace

fossil fuel-based power sources.

Transition Risks

?Stricter government climate compliance

requirements for existing products/services;?Pressure to limit capacity expansion and

ensure production/operational safety;

? High uncertainty in risk exposure.Increasedcarbon pricingfor greenhousegas emissions

Rising rawmaterial costs

Growing stakeholderconcerns overnegative feedback

Policy and

LegalRegulations

Impact Category Risk TypeRisk Description Potential Financial Impacts Response Strategies

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Reputation

Market

?Higher material prices and tighteningemission regulations;

?Sudden or unexpected fluctuations in

energy costs.

?Investors and financiers showing a positive

attitude towards corporate ESG, leading tostricter regulatory requirements;

?Negative ESG-related publicity harming

corporate reputation.

?Higher manufacturing costs due to

environmental facility operations;

?Increased volatility in overall supply chain

costs;

?Reduced service efficiency;?Greater likelihood of production

interruptions.

?Increased procurement and manufacturing

expenses.

?Stock price declines due to investor

withdrawals;?Higher borrowing costs and reduced access

to capital.

?Continuously monitor national and

regional policies, identify regulatorytrends, and integrate climateconsiderations into strategic decisions;

?Accelerate retirement of high-emission

and outdated equipment;?Expedite green electricity procurementinitiatives.

?Develop recyclable, high-performance

alternative materials;?Accelerate development and operationof wind farms.

?Enhance ESG disclosure transparencyand proactively address global investorexpectations.

Transition Opportunities

Short-Term (1 year)

Long-Term (5+ years)

?Stabilized supply and demand, along with steady delivery prices for raw

materials in iron and steel production, support stable execution of thecompany’s new energy equipment manufacturing operations;

?Accelerated progress on uncompleted offshore wind projects in China’s

domestic market during the “14th Five-Year Plan” period.

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Period Opportunities Response Strategies

Mid-Term (1-5 years)

? Maturation of China’s carbon emissions trading market enables profitgrowth through carbon credit sales;

? Emerging integrated new energy models (e.g., wind-to-hydrogen) drivesustained growth in zero-carbon businesses;?Rapid expansion of wind farms generates growing demand foroperation and maintenance services, providing long-term revenuemomentum.

?Volatile energy prices drive Europe's accelerated energytransition,boosting wind power investments and fuelinggrowth in thecompany's new energy equipmentmanufacturing；?Strong mid-term demand for offshore wind equipment inEurope,coupled with supply chain bottlenecks, supportsstable priceincreases;?Impending carbon tariffs and the trend toward localizedmanufacturing and supply chains create advantages for thecompany’soverseas production bases.

?Proactively assess upstream suppliers and develop targetedprocurement strategies based on stable sales orders to secure favorablecommercial terms and pricing;?Leverage regional advantages and investment-driven approaches tolock in orders earlier, optimize production scheduling, enhanceproduction line efficiency, and improve land use efficiency.

?Actively respond to Europe's energy transformation by establishinga German offshore wind equipment base, build a localized Europeanoperational system covering “R&D-sales-manufacturing-service”, andexpedite factory construction to achieve production capacity;? Strengthen overseas sales teams based in Germany to expandmarket reach across Europe and beyond.

?Establish a dedicated carbon trading project team;?Allocate more resources to hydrogen energy equipment

manufacturing;

?Expand into downstream wind power supply chain sectors and

leverage overseas infrastructure to secure breakthroughs in operationand maintenance services.

Emergency DrillPerformanceAccelerateRenewable EnergyDevelopment

Benzene Series Poisoning Drill Fire and Explosion Drill Typhoon and Flood Prevention Drill Hazardous Chemical Leak Drill

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Reduce GreenhouseGas Emissions

Develop RiskMitigation Measures

Expand wind farm projects and replace traditional fossil fuel-based power withrenewable energy to reduce non-renewable resource consumption

Technically upgrade existing environmental equipment, optimize processes, and recyclewaste to significantly cut pollutant emissions

? Strengthen rapid response and recovery capabilities for emergencies, and implement

specialized safety measures and preparedness plans for extreme winter weather (e.g.,snow, freezing temperatures, strong winds)

? Secure insurance coverage for climate-related natural disaster risks

Adaptive Actions

Emergency drillsconducted:

Participants involved:

2,440

Performance

Biodiversity ProtectionThe company prioritizes biodiversity by protecting local ecosystems and wildlife habitats during operations, strictly implementingrequirements for ecological conservation redlines, environmental quality, resource utilization, and ecological access controls.Ecological RiskIdentification Process

Avoid rare and endangered species habitats, marine ecological sensitive areas,primary forests, natural vegetation, riverbanks, wetlands, and other ecologicallycritical zones;Rationally plan transportation networks and construction layouts to minimizeoccupation of protective forests and regenerated vegetation, prevent damage tosparse vegetation, and reduce impacts on local wildlife;

Design Phase

Trees planted in 20241,012

Greening (including landreclamation)

1,082 m?

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Ecological ProtectionMeasures

Ecological andenvironmental risk surveyRisk source identificationImpact assessmentProtective measures

Environmentalimpact assessment

report

Construction Phase

Post-Construction Phase

Operational PhasePlant shrubs and sow native grass species to rehabilitate the environment;Remove temporary facilities, restore and revegetate land based on its originalcharacteristics, and gradually recover affected animal and plant communities;

Prohibit harm to wildlife by construction personnel;Implement protective measures such as off-site ecological compensation, vegetationrestoration, and relocation of plants;Facilitate wildlife migration to suitable alternative habitats;Assign dedicated personnel to manage environmental protection;Monitor changes in terrestrial flora and fauna composition, distribution, populationsize, species diversity, and habitat diversity; track vegetation restoration progressand conduct long-term monitoring of bird species composition, population,distribution, and migration patterns in and around the site; and implement measuressuch as rescuing injured birds or releasing them to minimize avian impacts.

Commitment to Green and Low-Carbon Management

Greenhouse Gas Management >>>

CO? Emissions (Scope 1)5,311 t

CategoryPurchased conventional electricity

Total Consumption (kWh)

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Energy Utilization >>>

Performance

The company’s greenhouse gas emissions primarily originate fromproduction activities and purchased energy. We are committed totransforming our energy structure by reducing reliance on non-renewableenergy, increasing the proportion of renewable energy, and prioritizing cleanenergy sources.

The company strictly complies with laws such as the Energy ConservationLaw. By implementing an efficient energy management system, we enhancemonitoring and optimization of energy use during production to minimizewaste. Simultaneously, we actively promote clean energy adoption, graduallyincreasing the share of wind and solar power in production to reduce carbonemissions.

Electricity Consumption

Performance

Greenhouse Gas

Reduction

CO? Emissions (Scope 2)

29,151.84 tMethane Emissions

0.67 t

Nitrous Oxide Emissions

8.35 t

Total Reduction:1,849,799.81tNet Reduction:1,815,327.95 t

Self-generated and self-consumed new energyelectricitySelf-generated and sold new energy electricityPurchased and consumed new energy electricity

49,735,403.86126,336,321.8

3,434,295,4993,310,393

Natural Gas Consumption

1,057,538 m?

Propane Consumption948,910.91 m?

Acetylene Consumption

2 m?

Argon Consumption

137 m?

Nitrogen Consumption

124 m?

Lubricant Consumption

L

Diesel Consumption

815,634.32

L

Gasoline Consumption23,883.13

L

Steam Consumption588 t

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Case

Performance

The Shayang Industrial Park features an energy storage capacity of 2MW/4MWh and a photovoltaic capacity of 5MWp. Based on the park’s loadcharacteristics, a “medium-low voltage hybrid energy storage” microgridarchitecture was implemented to enable high-proportion localizedconsumption of distributed solar and wind power, creating a zero-carbonindustrial park.

A hydrogen production, storage, and refueling demonstration station operates inboth grid-connected and off-grid modes. It produces hydrogen via waterelectrolysis for hydrogen-powered forklifts, replacing traditional fossil fuels.Case

Oxygen Consumption

355,902.23 m?

Three Waste Management >>>

Industrial Wastewater Discharge0m?Domestic Wastewater Discharge202,185.1 m?

Non-Hazardous Solid WasteProcessed15,082.33 t

Hazardous Solid WasteProcessed

611.74 t

A comprehensive waste management framework has been established, including theHazardous Solid Waste ManagementRegulations and theHazard Source Identification and Evaluation Form. Annual waste management plans and detailed tracking logsensure systematic control, routine inspections, and compliant disposal. The company strictly supervises waste declaration,generation, collection, classification, storage, transfer, and disposal to ensure that waste generated from production and operations isproperly handled, thereby preventing environmental contamination.

Third-party recycling (t)

15,080.83

1.5

611.74

Disposal Methods Non-hazardous waste Hazardous waste

On-Site Waste Classification and Storage

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The company prioritizes mitigating the environmental impact of waste water, solid waste, and waste gas generated during operations. We strictly adhere to lawssuch as theWater Pollution Prevention and Control Law of the People’s Republic of China and theAir Pollution Prevention and Control Law of the People’sRepublic of China, implementing a series of regulations to rigorously manage all pollutants.

Waste WaterSolid Waste

PerformancePerformance

The company emphasizes water resourceconservation and management. Our productionfacilities do not generate industrial wastewater; the primary source is domestic sewage.After treatment to meet national standards,domestic sewage is discharged into municipalpipelines or centralized treatment systemswithin industrial parks.

Reuse/recycling (t)

Water Resource Recycling >>>

Particulate MatterEmissions

56.81t

Major Leak Incidents

Major Environmental PollutionIncidents

Volatile Organic Compounds(VOCs)Emissions

21.19 t

The company fully implements pollution control requirements forequipment, maintains environmental protection equipmentmanagement records, and conducts regular testing of exhaust gasesgenerated during production to ensure effective treatment.

Waste Gas

VOCs Catalytic Oxidation Process Control Equipment

Groundwater Consumption

7,194 m?

Case:Domestic Wastewater Recycling

The Hami Wind Farm is located in the Gobi Desert of the Hami Santanghu Wind Zone,Xinjiang Uygur Autonomous Region, where arid conditions and scarce rainfall result inlimited water resources. The company constructed a domestic wastewater treatment systemcapable of processing approximately 2 m? of sewage daily. Treated water meets requirementsfor irrigating on-site vegetation and cleaning equipment, saving 380 tons of water annually forgreening and industrial use.

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The company strengthens water conservation management throughout water extraction and usage indaily operations. Through media campaigns and community activities, we raise awareness among allemployees about the importance of water conservation.Performance

PerformanceMunicipal Water Supply Consumption287,029 m?

Equipment Selection PhasePrioritize low-noiseequipment;

Case Rainwater RecyclingEach factory is equipped with rainwater collection ponds during constructionto harvest rainwater for equipment cleaning, irrigation, and other uses,reducing reliance on municipal water. Regular maintenance and managementof the rainwater collection system ensure stable operation and effectiveutilization.

ProductionEquipment Retrofit

To reduce water consumption in production, the company proactively retrofitted aircompressor cooling towers used for temperature control. The original open-loopsystem was replaced with a closed-loop design, enabling cooling water to circulatewithin a sealed system without direct exposure to the environment. This eliminateswater evaporation from open cooling towers and reduces coil consumption. The retrofitsaves approximately 20,000 tons of water annually.

Rainwater Collection Pond

Noise Control >>>

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Retrofitted Cooling Tower

The company focuses on noise source management:

Construction PhaseProduction PhaseEnsure robust foundations for facilities and equipment tominimize vibration noise;

Install noise reduction facilities, enforce noise control requirements, and conductregular third-party noise monitoring by qualified agencies to ensure compliance.

Case

Green Operations >>>

Do not support or use conflict metals from conflict mineral regions; thedesign products shall be with no packaging or with simple,biodegradable, and reusable packaging;Low-CarbonDesign

GreenProcurement

Low-CarbonManufacturing

Recycling

Use LED lighting indoors and solar-poweredstreetlights outdoors; set temperature limits for airconditioning; post energy-saving reminders; ensurelights and equipment are turned off when not in use;

Energy Conservation

Water Conservation

Paper Waste Reduction

Green Travel

Automated Production Lines

Environmental ProtectionInvestmentRMB4.7889 million

FSC Forest Management SystemCertification1facilityISO 14001 Environmental ManagementSystem Certification13 facilities

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Green ProductsGreen Office

Establish aChemical and Material Blacklist to prohibit substances thatare carcinogenic, mutagenic, or toxic, and strictly control materialprocurement to ensure compliance with environmental requirements;Develop new technologies and processes, upgrade eco-friendlyproduction equipment, reuse waste materials, adopt renewable energy,and reduce energy consumption and greenhouse gas emissions;Develop recycling technologies and assist wind farm owners in productrecycling at end-of-life.

Monitor monthly water usage, investigate abnormalincreases, and implement corrective measures;

Promote double-sided black-and-white printing and e-signatures; reduce the use of paper documents; achieve100% company-wide adoption of e-signatures;

Encourage employees to use shuttle buses instead ofprivate vehicles; replace on-site vehicles with newenergy models.

Energy Management

System Certification

1facility

Safety Production ManagementStructure

Safety Production ControlMeasures

Utilize emails, posters, and banners for publicity,prominently display safety-themed graphics in factory areas,organize in-depth learning sessions for employees on safetyproduction laws, regulations, and internal safety policies,and deeply instill the philosophy of “Safety and PreventionFirst” in employees’ minds;

AwarenessCampaigns

Skill Practice

ContinuousImprovement

Safeguarding Employee Safety and Health

? Review and implement safety production

responsibilities and management systems;? Supervise and inspect safety execution acrosssubsidiaries.

SafetyProductionCommittee

ResponsibleDepartments

Primary Responsibilities

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The company prioritizes employee safety and occupational health, continuously improving working conditions, organizing regular health checkups, and conducting safetytraining and emergency drills to enhance safety awareness and self-protection capabilities.

Safety Production >>>Adhering to the principle of “Safety and Prevention First and ComprehensiveManagement”, the company designates June as “Safety Production Month”annually. Activities under the theme “Everyone Prioritizes Safety and CanRespond – Clear Pathways for Life” reinforce corporate accountability forsafety production, strengthen safety management practices, foster a robustsafety culture, and elevate safety management and engineering standards.

? Ensure completion of safe production tasks;? Develop safety inspection plans and organize safetyeducation and training programs.

Conduct safety knowledge competitions and emergencydrills to strengthen employees’ mastery and application ofsafety knowledge;

Organize a thorough investigation of potential safetyhazards, rigorously inspecting every aspect—from electricalsafety in office areas and the functionality of firefightingequipment to the operability of emergency responseplans—and promptly rectify identified issues to ensure asafer and more reliable working environment.

Safety Training

Safety Production Month

Full provision rate oflaborprotection equipment:

100%

Number of workplaceinjuries:

Number of workplacefatalities:

Number of safetyproduction incidents:

Coverage rate of safetyliability insurance:

100%

Lost-time injury frequency rate(LTIFR):

0.01%

Correct usage rate oflaborprotection equipment:

100%

Certification rate forspecialoperation personnel:

100%

Performance

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Occupational Health >>>

Occupational HealthManagement Structure

Occupational Health

Control Measures

● Establish occupational health management

systems and related regulations;

● Develop and maintain occupational health

records;

● Formulate and oversee the implementation

of annual plans;

OccupationalHealth Leadership

Group

Primary Responsibilities

Occupational hazard monitoring

Hazard warnings and notifications

Occupational health check-upsOccupational disease prevention

education and trainingReporting of occupationaldisease incidents

CPR First-Aid Drill

Occupational healthtraining coverage rate:

100%Total occupational healthtraining hours:

18,693H

Number of employees trained inoccupational health:

3,634

Occupational health check-up rate:

100%

Number of occupational disease cases:

Number of facilities certified with ISO45001Occupational Health and Safety Management System:

13 facilities

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The company is committed to managing employees’ occupational health with the goal ofreducing occupational health risks. In accordance with laws and regulations such as theOccupational Disease Prevention Law and theWorkplace Occupational HealthSupervision and Management Regulations, the company has established a series ofinstitutional documents, including theOccupational Health Management System, to buildan occupational health and safety assurance framework.

Full-timeOccupationalHealthAdministrators

? Execute daily occupational health tasks.

Performance

Emergency Management >>>

High-altitude fall emergency drill

Emergencyrescue plans

Number of drill activities:

Number of participants in drills:

2,440

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Guided by the principles of “prevention first, self-rescue first, unified command, anddivision of responsibilities”, the company has developed a production safety accidentemergency response plan to standardize emergency management and enhanceemergency handling capabilities for safety incidents. This aligns with legal requirementsunder theProduction Safety Lawand theManagement Measures for EmergencyResponse Plans for Production Safety Accidents.

Comprehensive

plans

Emergency Plan System

On-site response

plans Special plans

Crane-related injury emergency drillFire emergency drill

Performance

Society

Standardized Employee Recruitment and EmploymentPromoting Employee Care and RightsBuilding an Employee Growth and Empowerment System

Driving Development Through Philanthropy

Standardized Employee Recruitment and Employment

Employees with disabilities: 10

100%0 100%

2511,142

764321,361

1,118

856801,313

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Total employees: 1,393

By gender(persons)

Byeducation(persons)

Byethnicity(persons)

By age(persons)

By job level(persons)

By region(persons)

MaleFemale

Under 3030-40Over 40

Non-managerialMid-level managersSenior managers

Below bachelor'sdegreeBachelor's degree

HanOther ethnicgroups

Overseasthe Mainlandof China

Labor contract signingrate:

Incidents violating labor rights (discrimination, harassment, childlabor, forced labor):

Labor union membershipcoverage rate:

Compliant Recruitment >>>

Master's degreeor above

Case Home of Employees

Employee Rights and Benefits >>>

Social insurance enrollment rate: 100%

Benefits

Case Employee Cafeteria

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The company offers industry-competitive compensation,including base salary and position allowances, as well asperformance-based pay, annual leave salary, year-endbonuses, and more. The company has established benefitpolicies that reflect humanistic care, enhance employees'sense of belonging, and foster strong cohesion and unity.

Employee Activity Room

Staff Home

Commuting andmeal allowances

Communication

allowances

Holiday benefits

High- temperature

subsidies

Birthday benefits

Wedding giftsBereavement support for employees and

their familiesHospital visitallowances

Annual healthcheck-upsFree shuttleservices

Team-buildingactivitiesEmployee cafeteria and

accommodation

Equity incentivesMaternity gifts

Employee satisfaction rate: 97.17%

Promoting Employee Care and RightsDiverse Employee Communication >>> Employee Satisfaction Survey >>>

Job content satisfaction Workplace relationship satisfaction

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The company employs multi-dimensional communication mechanisms to understandemployees' genuine needs, assist in resolving practical issues, and enhance employees'sense of belonging, well-being, and cohesion through diverse employee activities.

The company conducts annual employee satisfaction surveys to gather honestfeedback from employees across roles and levels, understand and address theirdiverse needs.

Communication

Mechanisms

Daily Communication

Minimizing hierarchical barriersso that employees cancommunicate directly with theirimmediate supervisors,department leaders, humanresources, or companymanagement through variouschannels.

Grievance Channels

The company has established aLabor Dispute MediationCommittee and a Labor LawSupervision Committee;Employees may submit opinions,suggestions, or complaints viaphone, email, or other means tothe Internal Audit Department,Human Resources Department,Labor Dispute Committee, orother relevant departments.

Staff Meetings

Regularly organize holidaygatherings, birthday parties,employee exchange sessions,team-building activities, and otherevents to strengthen interaction andcommunication among employees.

New Employee MentorshipEach new hire is assigned ahigh-performing colleague as amentor to provide daily workguidance, career developmentsupport, and psychologicalcounseling, helping them toadapt to the companyenvironment, understandcorporate culture, and integratesmoothly into the organization.

Open-ended questions

Safety managementsatisfactionCareer training and developmentsatisfaction

Management competencesatisfactionWork atmospheresatisfactionCompensation and benefitssatisfaction

SurveyDimensions

Harmonious Work Environment >>>

DiverseCommunication

Case Colorful Life

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Communication sessionsReturn-to-work production incentives

Recognition ceremonies

Yushan hikingSummer camp activitiesSpring outings

Team-building activitiesTeam-building activities Fun fitness events

Case

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Case

Dragon Boat FestivalLantern Festival

Mid-Autumn Festival celebrations

Winter Solstice care packages

Mooncake DIY

Children’s Day

BirthdayCelebrations

Case

Festival Activities

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Women's DayActivities

Nursing Room

Tea Room

CaseCaseCare for Females

Building an Employee Growth and Empowerment System

Target group:

Promotion path:

Career Development Management >>>

Professional Track

Hierarchy

Target group:

Employees with team management potential;

Promotion path:

Management Track

Hierarchy

Dual promotion channelsPosition Promotion Pathways

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The company has established a dual-path growth system of “Professional Track + Management Track”, providing employees with clear career progression pathways.This is supported by a scientific promotion evaluation mechanism to ensure talent development aligns closely with the company’s strategic goals.

Core employees specializing intechnical/business roles;

Promotion

criteria

Promotion

criteria

JuniorIntermediate SeniorChief EngineerGeneral Engineer

SupervisorManager/DirectorExecutive

General Manager

Senior Executive (General

Manager/Vice President)

General EngineerMid-Level(Manager/Director)Core Level (Supervisor)

Chief EngineerSenior Engineers

Foundation LevelManagement positionsequence

Technical positionsequence

Skillcertification;

Projectcontributions;

Innovationcapabilities

Leadershipevaluation;

Teamperformance;

Strategicexecutionability

Career Development Management >>>

Company-wideTraining

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

The company has established a multi-level, multi-format talent training mechanism. By addressing annual challenges and formulating targeted plans for the following year, wehave built a three-tier training system covering “new employees - junior staff - management”, ensuring comprehensive development from foundational skills to strategicleadership. This system aligns with the growth needs of all employees, empowering them to enhance skills and unlock potential. Through a closed-loop management processlinking training, assessment, records, and promotions, the company ensures effective implementation of training outcomes, fostering mutual growth for employees and theorganization.

NewEmployeeOrientation

DailyEmployeeTraining

ProfessionalCompetencyDevelopment

Help new hires integratequickly and buildfoundational knowledge

Company overview,corporate culture,policies, ethicalguidelines; employeeconduct standards, 5Smanagement, qualityawareness

Enhance professionalskills of currentemployees

Quality tools,equipmentoperations,specialcertifications

Through systematictraining, enableindividualsor teams toachieve holisticimprovement in careerawareness, behavioralnorms, and corecompetencies, ultimatelyboosting both personalcareer competitivenessandorganizationalefficiency

Professional mindset,positive attitude,teamwork, andcommunication skills

ObjectiveContent Target group

Content

BasicLeadership

Training

AdvancedManagement

Training

Newly promotedmanagers

Role transition support,team management,problem-solvingtechniques

Mid-to-senior managersStrategic planning;comprehensiveoperational capabilities

Internal trainingExternal training

TrainingFormats

ManagementTraining

Trainingcoverage rate100%

Total training hours for allemployees

40,012.10H

Average training hoursper employee

28.72H

Assessmentpass rate100%

Performance

Case Daily Training

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Training sessions

Specialized job training Trade secret training

On-site professional skill guidance

Training Camp

New ForceTraining Camp

Training Framework:

Internal Mentorship Team:

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

The company recruits outstanding fresh graduates through campus hiring andfacilitates their transition from “students” to “professionals” through systematiccareer training. This accelerates their growth, improves retention rates, and buildsa talent pipeline to support rapid business development and expansion.

Join thecompany

Onboarding

orientation

Centralized

training

RotationinternshipsTwo-way

roleassignmentRolespecializationCareeradvancement

Corporate Mentor

Business MentorMindset Mentor

Oversees trainingplans, on-siteevaluations, andperiodic guidance;

Provides job-specifictraining and coaching;

Monitorsprofessional,personal,psychological, andideologicaldevelopment.

To further enhance employees' comprehensive capabilities, teamwork,integration, and cohesion, while fostering a harmonious and dynamicwork environment, the company organized an outdoor expansiontraining titled “Toward the Future, Empowering New Life” in March aspart of the New Force Training Camp.

Case

Driving Development Through Philanthropy

Total corporate external donations in 2024

RMB 139,0001,100

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

We actively engage in various social welfare initiatives. Company volunteers are active in communities, schools, impoverished areas, and beyond, caring forvulnerable groups through cash donations and volunteer services, supporting educational development, and contributing to social harmony.

Case

The company donated to Chengwan TownCentral School in Tongbai County, purchasingdaily and school supplies for over 150left-behind and disadvantaged children,strengthening care and support for these groups.

Employees actively participate in communityconstruction activities after work, such as the“After-School Safety Patrol” volunteerprogram at local elementary schools. Thisinitiative addresses gaps in school managementand fosters children’s traffic safety awarenessthrough volunteer role models.

Xiaojingzi Village Activity Room,

Wuguquan Township

Nanyang: Philanthropic Enterprise in

Education Donation

Volunteer Program

Cumulative volunteerserviceparticipations

The company sponsored the construction of avillage activity room in Xiaojingzi Village,Wuguquan Township, providing a space forreading, chess, and leisure. This initiativecreated a “self-sustaining, replicable, andcompassionate” community hub to enhancevillagers’ satisfaction.

RuralRevitalization

EducationalSupport

Case

VolunteerActivities

Case

Sustainability Management

Corporate GovernanceCompliance ManagementInnovative ProductResearch and DevelopmentHigh-Quality and EfficientCustomer Service SystemStrengthening the SupplyChain Responsibility System

Governance

Operations

Appendices

Primarychapters

Addressing Climate Risksand OpportunitiesBiodiversity ProtectionCommitment to Green andLow-Carbon ManagementSafeguarding EmployeeSafety and Health

Standardized EmployeeRecruitment and Employment

Promoting Employee Careand RightsBuilding an EmployeeGrowth and EmpowermentSystemDriving DevelopmentThrough Philanthropy

Environment

Society

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Indicator Index >>>

UN Sustainable Development Goals (SDGs)

PageSDG TargetsSecondary chapters

Primarychapters

PageSDG TargetsSecondary chapters

SZSE Self-Regulatory Guidelines for Listed Companies No. 3 – Sustainability Report Preparation

Addressing Climate Risks and Opportunities

Addressing Climate Change

Supply Chain SecurityEquitable Treatment of SMEs

EmployeesDue Diligence

Environment

Society

Governance

Primary chapters

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

PageChapters of the reportTopics of Sustainability Report GuidancePollutant EmissionsWaste ManagementEcosystem and Biodiversity ConservationEnvironmental Compliance ManagementEnergy UtilizationWater Resource UtilizationCircular EconomyRural RevitalizationSocial ContributionInnovation-driven DevelopmentTechnology Ethics

Product and Service Safety and QualityData Security and Customer Privacy Protection

Stakeholder EngagementAnti-Bribery and Anti-CorruptionAnti-Unfair Competition

Sustainable Supply Chain Management SystemSupply Chain Management ProcessManagement System CertificationsQuality and Safety Assurance

Greenhouse Gas ManagementNoise Control

Sustainable Supply Chain ManagementEquitable Treatment of SMEsInformation Security and Privacy Protection

Three Waste ManagementThree Waste ManagementBiodiversity Protection

Green OperationsEnergy UtilizationCommitment to Green and Low-Carbon ManagementWater Resource RecyclingDriving Development Through PhilanthropyDriving Development Through PhilanthropyProduct R&DIntellectual Property ManagementIndustry Collaboration

Safeguarding Employee Safety and HealthStandardized Employee Recruitment and EmploymentPromoting Employee Care and RightsSustainable Supply Chain ManagementStakeholder EngagementComplaint HandlingBuilding an Employee Growth and Empowerment System

Anti-Unfair CompetitionAnti-Bribery and Anti-Corruption

Feedback >>>Thank you very much for reading our company's 2024 Sustainability Report, and we highly value your feedback on it. If you have any questions or comments regarding thisreport or its content, please feel free to contact us through the following methods to help us continuously improve the report.

1. What is your relationship with our company?

□ Consumer□ Employee□ Partner□ Government□ Media□ Other (Specify: ___)

2. Are you satisfied with the overall quality of this report?

□ Yes□ No□ Neutral

3. How do you rate the structure and representation of this report?

□ Reasonable □ Moderately reasonable □ Neutral □ Unreasonable

4. How do you evaluate the quality of information disclosed in this report?

□ Excellent □ Good □ Neutral □ Poor

5. Is the content organization and layout design of this report easy

to read?

□ Yes □ Neutral □ No

6. Please share any additional comments or suggestionsregarding our company's social responsibility efforts or thisreport:

Report Preparation Statement Chairman’s Message About Titan Wind Governance Operations Environment Society Appendices

Tel.: 021-52310067Website: https://www.titanwind.com.cn/Address: Floor 12, Tower T3, Raffles City, 1193 Changning Road, Changning District, Shanghai