2022 Environmental, Social and Governance (ESG) Report1

About thisReport

ESG stands for "Environmental", "Social" and "Governance". It is an enterprise perfor-mance standard and operation mode di?erent from ?nancial principles, and its core isthe concept of sustainable development. ESG report is an important part of non-?nan-cial information disclosure of listed companies, and an important basis for investorsto evaluate non-?nancial risks and sustainable development potential of enterprises.While improving its own production and operation, Shuangliang Eco-energy continuesto deepen the corporate responsibility in the society to be a high quality enterprise in-deed contributing to the society.This Report is to disclose the practice and performance of Shuangliang Eco-energy Sys-tems Co., Ltd. (stock code: 600481) in environmental, social and governance (hereinafterreferred to as "ESG") in 2022 to the government and regulatory agencies, shareholdersand investors, customers, suppliers and industries, employees, and the public.

TimeframeThe timeframe of this Report is from January 1, 2022 to December 31, 2022. In order toenhance the comparability and completeness of this Report, part of the informationmay be taken forward or backward as necessary.

Reporting EntityThis Report covers Shuangliang Eco-energy Co., Ltd. and its subsidiaries. For conven-ience, Shuangliang Eco-energy Systems Co., Ltd. is also referred to as "ShuangliangEco-energy", "Shuangliang", the "Company" or "We" or "Us". The names and abbrevia-tions of the subsidiaries are explained in the text respectively.

Data Source and Reliability Assurance

The data used in this Report includes the public data from government authorities, and is from relevant internal statistical reports ofShuangliang Eco-energy, third-party questionnaires, administrative documents and reports, and third-party evaluation interviews, etc.Shuangliang Eco-energy guarantees that this Report is free from any misrepresentation, misleading statement or material omission.Basis of Preparation

Sustainable Development Goals (SDGs) in 2030, issued by the United NationsThe Ten Principles of the Global Compact, issued by the United NationsGRI Standards, issued by Global Commission on Standards for Sustainable DevelopmentISO 260000 - Guidance on Social Responsibility (2010), issued by International Standardization OrganizationGuidelines on Corporate Social Responsibility Reporting for Chinese Enterprises (CASS - ESG5.0), issued by the Chinese Academy of So-cial SciencesGuidelines on Corporate Social Responsibility Reporting (GB/T36001-2015), CNSGuidelines on Environmental Information Disclosure of Listed Companies in Shanghai Stock ExchangeRelease Method

This Report is released in both forms of print and electronic versions once a year. The electronic version may be downloaded at theo?cial website of Shuangliang Eco-energy Systems Co., Ltd. (https://www.shuangliang.com/). This Report is made in Chinese and Eng-lish. In case of any understanding discrepancy between the two versions, the Chinese version shall prevail.

Contact

Address: No. 88 Xili Road, Lingang Sub-district, Jiangyin City, Jiangsu ProvinceTelephone: 0510-86632358Fax: 0510-86631333Postcode: 214444E-mail: 600481@shuangliang.com

Message from the Chairman01About Shuangliang Eco-energy03Topic:

Seize the Opportunity in CleanEnergy to Create a Future with NetZero Emissions

Make Every E?ort for aSolid Growth11

Adhering to Quality andGuided by Innovation25

Less Carbon Emissions andIncreased Energy Efficien-cy to Build a Greener Home37

People-oriented, SocialResponsibility

ESG PerformanceGRI IndexSuggestion FeedbackStrengthen corporate governanceAbiding by business ethicsESG working mechanism

R&D and innovationQuality assuranceCustomer serviceSupply chain managementGrowing with the industry

Environmental managementCarbon neutral boostEmissions management

Creating a happy workplaceBuilding a prosperous communityEnsuring stable production andemployment

Miao WenbinChairman of Shuangliang Eco-energy

Message from the Chairman

The year 2022 marks an exceptionally significant moment in history for the world, Chinaand Shuangliang Eco-energy. The winds of change, propelled by seismic shifts in the world,history, and the times are unfolding in an unprecedented way. On the one hand, mitigatingclimate change and protecting the environment and natural resources have become moreurgent responsibilities and obligations of the whole society. On the other hand, politicaland economic fluctuations require enterprises to enhance their resilience and seek newsustainable development paths.In 2022, under the triple pressure of "demand contraction, supply shock and expectedweakening", we remained cautious and optimistic, worked hard and took stock of thesituation, responded quickly to the changing times, and sought opportunities in the crisis.We found that the national "30·60" carbon peak and carbon neutral strategies had broughttremendous opportunities for the Company.

Under the first-mover advantage of focusing on "energy saving, water saving andenvironmental protection" for 40 years, we continued to promote the optimization ofindustrial structure: On the one hand, we consolidated the leading position of traditionaladvantageous industries, anchored the "30·60" dual-carbon goal, and build the "dual-carbon" core competitiveness of Shuangliang; On the other hand, we actively explored new?elds, won in new tracks and accelerated the layout of clean energy industry. We continueto promoted the "Strong Chain" and "Complementary Chain", extended the chain ofadvantageous industries, upgraded the chain of traditional industries, and built the chainof emerging industries, accelerated the transformation of old and new driving forces, andseized the opportunity in clean energy to create a future with net zero emissions.

About Shuangliang Eco-energyCompany Pro?leAs a listed company subordinate to Shuangliang Group, Shuangliang Eco-energy has thecore competitiveness in the ?eld of "energy saving, water saving, environmental protectionand clean energy". The lithium bromide unit and the intelligent all-steel structure indirect aircooling system have been identi?ed as the "Single Champion Products", which have beenrecorded by CCTV and known as "pillar of a powerful country bene?ting mankind", and wonthe Enterprise Award and the Project Award of China Grand Awards for Industry. The Compa-ny is the ?rst batch of national service-oriented manufacturing demonstration enterprises.We have been listed among China's top 500 enterprises and China's top 500 manufacturingenterprises, and more than 300 of the world's top 500 enterprises are Shuangliang's part-ners.In addition to traditional superior energy-saving and water-saving industries such as lithiumbromide cooling and heating units, high-e?ciency heat exchangers and air cooling systems,the Company has formed a photovoltaic industry chain of polysilicon core equipment,monocrystalline silicon materials and battery modules, and has deeply researched anddeveloped clean energy technologies such as geothermal energy, hydrogen energy, greenelectricity and energy storage, and developed equipment production to help realize the "du-al-carbon" goal with digitally-driven carbon neutral comprehensive services.

The company has been ranked amongthe top

enterprises of Chinafor many yearsProvide excellent products and services to more than

30,000

customersaround the world

Shuangliang Eco-energy Stock Code600481

The Group has three industrial parks: Shuangliang Machinery Manufacturing Industrial Park, ShuangliangNew Material Industrial Park, and Shuangliang Photovoltaic New Energy Industrial Park

Shuangliang Eco-energy Systems Co., Ltd.2022 Environmental, Social and Governance (ESG) Report0304

MilestonesIndustries

Life begins at forty. Shuangliang has a "photovoltaic ambition" with solid pace for three entrepreneurships. Shuangliang Eco-en-ergy's 40GW monocrystalline silicon project capacity scale reached a new high. While the 40GW monocrystalline silicon projectreached target output, the construction of 50GW large-size monocrystalline silicon pulling project was planned to further improvethe capacity of monocrystalline silicon and strengthen the competitiveness in the ?eld of monocrystalline silicon. Grow towardsthe sun and go ahead in the "carbon" road. Shuangliang will adhere to the goal of high-quality development, improve productquality, expand industrial scale, and strive to achieve new achievements in the photovoltaic industry with green, low-carbon andsustainable development.

On the basis of the 40GW monocrystalline silicon project, Shuang-liang expanded the photovoltaic industry chain and built the 20GWhigh-e?ciency photovoltaic module project, realizing the success-ful production of phase-I 5GW and the mass production of 182 and210 modules at the same time. The construction began in May, thesteel structure was hoisted and installed in June, the equipmentwas carried to the factory in August, and the 182 and 210 high-ef-?ciency photovoltaic modules came o? the production line at thesame time in September, which lasted 140 days in total, once againcreating the "miracle" of "signing the contract in the same year,building in the same year and putting into production in the sameyear". Adhering to the enterprise spirit of "learning to forge aheadand creating for eternity", Shuangliang will standard the industry's?rst-class standards to be preeminent, professional, and thorough,work together with the upper and lower reach enterprises to pro-mote the healthy development of the photovoltaic industry andbuild a better future.

The ?rst green electricity intelligent hydrogenproduction system has come off the produc-tion line successfully and been deliveredShuangliang's ?rst 1000Nm?/h green electricity intelligent hydrogenproduction system was designed in the concept of "energy saving,high e?ciency and unattended", and was widely used in petrochem-ical, coal chemical industry, steel, synthetic ammonia, transportationand other fields. It has broad prospects for large-scale application,especially in energy-intensive industries, and has huge market poten-tial. Since the project won the bid in March, the system successfullycame o? the production line in September, and all index tests werecompleted in October (all related indexes reached or even exceededthe design value), Shuangliang hydrogen production team has keptimproving, ensured quality and quantity, and delivered smoothly,demonstrating the design and manufacturing capability of large-scale electrolytic cell system. At the same time, the construction of in-telligent manufacturing workshop with an annual output of 100 setsof green electricity hydrogen production equipment also laid a solidfoundation for developing and occupying the hydrogen productionequipment market. Shuangliang will continue to strengthen the lay-out of photovoltaic industry and hydrogen energy industry and injectnew strength into promoting energy structure transformation andsocial green development.

40GW monocrystalline silicon project capacity release and 50GW new project start planning

The phase-I project of 20GW photovoltaicmodule was successfully put into production

Monocrystalline Silicon Pulling Project

Honors

After being selected as a high-tech enterprise in Jiangsu Province and a small andmedium-sized science and technology enterprise in Jiangsu Province, ShuangliangNew Energy has been successfully selected as one of the fourth batch of specialized,preeminent, extraordinary and new "little giant" enterprise of the Ministry of Industryand Information Technology of the People's Republic of China, and large energy-savingreducing furnace has been identified as specialized, preeminent, extraordinary andnew products of Jiangsu Province. With the reducing furnace orders hitting recordhighs and the continuous investment in innovation R & D, Shuangliang New Energy'sposition in the industry has been continuously consolidated, and it has developed intoa vanguard enterprise with the characteristics of "specialization, re?nement, unique-ness and novelty", focusing on market segmentation, capable in innovation, occupyinghigh market share, mastering key core technologies, serving key links in the industrialchain and obtaining excellent quality and e?ciency. Its leading position in the industryhas been fully recognized by all sectors of society.

In 2022, Shuangliang Eco-energy was awarded the "National Intellectual Property Demonstration Enterprise", which is the highesthonor in the ?eld of intellectual property, representing the high a?rmation of Shuangliang's intellectual property strength andleading enterprise status. In addition, the core technology invention patent "indirect air cooling tower in multi-layer cooling sectorand its anti-freezing method" was awarded the China Patent Excellence Award by China National Intellectual Property Administra-tion, and "key technologies of non-power heating and intelligent heating for medium and deep geothermal energy" was successful-ly selected into the Special Project of Two Carbon Science and Technology in Jiangsu Province and the New Project of High-ValuePatent Cultivation in Jiangsu Province. In addition, Shuangliang Eco-energy was also awarded the "Innovative Leading Enterprisein Jiangsu Province" and the "(Shuangliang) Photovoltaic and High-E?ciency Energy Equipment Engineering Technology ResearchCenter in Jiangsu Province". On the way to achieve the "two-carbon" goal, Shuangliang will further deepen the construction of in-novation system and help the enterprise achieve high-quality and sustainable development with more achievements in terms ofscienti?c and technological innovation, and independent research and development.

Selected as a Specialized, Re?ned,Unique, and New "Little Giant" Enter-

prise

Shuangliang New Energy was selected as a national specialized, re?ned, unique, and new "little giant" enterprise

Shuangliang won lots of innovation awards, with scienti?c and technological innovation and industrial devel-opment advanced in a coordinated way

Shuangliang Eco-energy was Awarded the "National Intellectual Property Demonstration Enterprise" in 2022

"Indirect Air Cooling Tower in Multi-Layer Cooling Sector and Its Anti-Freezing Method" was awarded the China Patent Excellence Award

by China National Intellectual Property Administration

Projects

As the largest thermal power project under construction in China, the 4x1000MW unit project of Shanghai Miao Power Plant inInner Mongolia of CHN Energy is a key project to implement the national energy development strategy of "Power Transmissionfrom West to East" and "Simultaneous Coal Transmission and Power Transmission". Upon capping of Tower No. 4, four steel tow-ers stand tall, marking the milestone victory of Shuangliang's ?rst project of building a million-level steel tower with four towersin 24 months. While continuing to promote the layout of steel tower construction at "Shuangliang speed", Shuangliang is driven

The Shanghai Miao Project, with four million-level steel towers, was successfully completed, which is a keyproject ensuring the national energy development strategy

The 4x1000MW Unit Project of Shanghai Miao Power Plant

in Inner Mongolia of CHN Energy

Social recognition

Awarded the Specialized, Re?ned, Unique, and New "Little

Giant" Enterprise

Awarded the "Innovative Leading Enterprise in Jiangsu

Province"

Awarded the Title of "(Shuangliang) Photovoltaic andHigh-E?ciency Energy Equipment Engineering Technolo-gy Research Center in Jiangsu Province"

Awarded the Excellent Supplier in 2022

Innovations

Shuangliang passed the "high-tech enterprise" certi?cation, laying a solid foundation for high quality developmentIn 2020, Shuangliang Eco-energy successfully passed the "high-tech enterprise" certi?cation publicity. The high-tech enterprisecerti?cation is the recognition of enterprises that continue to carry out research and development and technological achieve-ments transformation in high-tech ?elds supported by the state to form the core independent intellectual property rights of en-terprises and carry out production and business activities on this basis, aiming at cultivating and creating new technologies andformats and promoting economic upgrading and development. The certi?cate of high-tech enterprise is a full a?rmation of theCompany's scienti?c and technological innovation ability, core independent intellectual property rights, scienti?c and technolog-ical achievements transformation ability, research and development organization and management level, and enterprise growth,highlighting Shuangliang's adhering to innovation-driven, and enabling high-quality development-formed deep strength. Underthe background of the "two-carbon" strategic goal, Shuangliang will continue to work hard and practice green development andinnovation and provide more scienti?c and technological support for advancing economic upgrading and development.

Capital

In 2022, the Company successfully completed the private placement of A-shares, raising a total of RMB 3.488 billion, which wasthe largest ?nancing completed in the capital market since Shuangliang Eco-energy was listed in 2003. The raised funds wereused for Shuangliang 40GW monocrystalline silicon Phase-I project (20GW) and replenishing working capital, injecting strong po-tential energy for Shuangliang to promote the layout of photovoltaic industry. Within two months upon the completion of the pri-vate placement, Shuangliang Eco-energy launched convertible bond ?nancing, intending to raise RMB 2.6 billion, setting a recordfor the shortest ?nancing interval and the largest scale of convertible bonds. Grow towards the sun and go ahead in the "carbon"road. Shuangliang industrial territory is full of vitality and constantly creating a better future.

Shuangliang Eco-energy's A-shares private placement project was issued successfully, which is the largest ?-

nancing so far, enabling the development of Shuangliang photovoltaic industry

by innovation and constantly realizes new breakthroughsin engineering application. The newly contracted HuanengZhengning's 2x1000MW peaking coal power project supportsthe carbon capture project of the world's largest coal powerplant, and Shuangliang will continue to refresh the technicallevel of the industry with the pioneering "?ve towers in one"million-level steel tower technology. A steel tower is like amonument, which con?rms the courage, responsibility, anddiligence of Shuangliang employees, and highlights the wis-dom and glory of Shuangliang employees. In 2023, Shuang-liang will usher in the construction of seven steel towers at thesame phase and the peak of steel tower construction cappedthat year, once again refreshing the "Shuangliang speed" andcreating an industry benchmark.

Topic

Seize the Opportunity in Clean Energy toCreate a Future with Net Zero Emissions

Carbon peaking and carbon neutralitygoals are reconstructing the pattern of Chi-na's energy industry. Energy conservationand emission reduction and energy substi-tution are the two inevitable ways to keepa foothold in the future energy industryand help achieve the"30·60" carbon peakand carbon neutral goal.Over the past 40 years, Shuangliang hasbeen focusing on "energy saving, watersaving and environmental protection".Carbon peaking and carbon neutralitystrategies have brought unprecedentedopportunities for the Company. We con-tinue to deepen our traditional energybusiness with our leading energy-savingand water-saving technology; continue toinvest in the photovoltaic field and con-stantly extend lower reach enterprises; areexploring various renewable energy sourc-es, including green hydrogen energy andgeothermal energy, and are committed torealizing the complementarity and integra-tion of multiple energy sources.Life begins at forty. With the industrial pat-tern of "energy saving and water saving"and "new energy", Shuangliang Eco-energyis transforming from a professional equip-ment manufacturer to a green energy solu-tion provider with net zero emissions.Our Actions:

Contribution to SDGs:

Developing solar photovoltaic indus-try and being brave to challenge thenew energy revolutionMultiple energy sources complement-ing each other, drawing a new futureof operation with net zero emissions

Polysilicon reducing furnace is a core production equipment in the solar photovol-taic industry chain. Since the beginning of production in 2008, Shuangliang Eco-en-ergy has achieved more than 60% market share in the ?eld of polysilicon reducingfurnaces. In recent years, Shuangliang Eco-energy has started from photovoltaicequipment, extended to photovoltaic material production, set about producingphotovoltaic modules, and continued to expand the scale, to accelerate the comple-tion of photovoltaic industry chain.

Developing solar photovoltaic industry and being braveto challenge the new energy revolution

In March 2022, Shuangliang Silicon Material (Baotou) Co., Ltd. (hereinafter referred to as"Shuangliang Silicon Material") No. 1 Monocrystalline Silicon Material Factory producedin a full capacity, and No. 2 Monocrystalline Silicon Material Factory put into productionin commission; In September, No. 2 Monocrystalline Silicon Material Factory produced

The third plant of Shuangliang Silicon Material was put intooperation, and 40GW monocrystalline silicon reached thetarget output

Monocrystalline Silicon Pulling Furnace

Related Business of Photovoltaic Industry Chain ofthe Company (under-pained with green)

in a full capacity, and No. 3 Monocrys-talline Silicon Material Factory put intoproduction in commission. By the endof the report period, Shuangliang SiliconMaterial 40GW Monocrystalline SiliconProject reached the target output com-prehensively. At the same time, Shuang-liang Eco-energy plans to build a 50GWlarge-size monocrystalline silicon pullingproject, which will further improve thecapacity scale of monocrystalline siliconand strengthen its competitiveness in the?eld of monocrystalline silicon.

Energy-saving and wa-ter-saving equipment

Silicon producer

Battery

Power station operator

Polysilicon reducingfurnace and module

Silicon wafer

In addition to photovoltaic solar energy, Shuangliang Eco-energy is also focusing on other renewable energy opportunities. By the endof the report period, the Company has made gratifying achievements in the ?elds of green electricity intelligent hydrogen productionsystem and medium and deep geothermal heat removal technology.

Multiple energy sources complementing each other, drawing a new future of operation withnet zero emissions

Shuangliang Solar-Tech (Baotou) Co., Ltd. (hereinafter referred to as "Solar-Tech"), a subsidiary of Shuangliang Eco-energy, was formallyfounded in March 2022. Solar-Tech focuses on research, development, manufacturing and sales of high-e?ciency photovoltaic modules. Themain product speci?cations are P-Type and N-Type size 182 and 210 single and double glass modules with power range of 400W-700W. Theoverall plan of the project is production of 20GW photovoltaic modules, and the ?rst-phase production capacity of 5GW has been put into

In September 2022, the ?rst 1000 Nm?/h green electricity intelligent hydrogen production system of Jiangsu Shuangliang New Energy EquipmentCo., Ltd. (hereinafter referred to as "Shuangliang New Energy"), a subsidiary of Shuangliang Eco-energy, was successfully released. The systemincludes four core parts: high performance electrolytic cell, gas-liquid separation device, puri?cation device and power supply. The maximumpreparation capacity of the electrolytic cell designed with high current density can reach 1000 Nm?/h, and the purity of hydrogen puri?ed may

Relying on the platform of Shuangliang Research Institute, Shuangliang Eco-energy and Guangzhou Institute of Energy Conversation, ChineseAcademy of Sciences jointly developed the "heat removal technology with ultra-long gravity heat pipe". Geothermal well water at 75℃ is pumpedout from 2,200 meters underground by heat removal pipe with this technology, and the water in the community pipe network is heated to 60℃and conveyed to users' homes by heat exchange unit. The geothermal water will be pumped into the ground after cooling down, realizing zeropollution, zero emission and zero loss in the whole process of "heat removal without water". As a result, equal emphasis on the development andprotection of geothermal resources was realized and resources consumption and carbon dioxide emission caused by coal heating was reduced.This technology has been supported by national (National Key Research and Development Plan - Research on Key Technologies for E?cientDevelopment of Geothermal Energy in Dry Hot Rock with Ultra-long Gravity Heat Pipe), provincial (Special Project for Carbon Peaking and Car-bon Neutrality Science and Technology in Jiangsu Province - Research and Development of Key Technologies of Unpowered Heat Removal andIntelligent Heating for Medium and Deep Geothermal Energy) and municipal (Jiangyin City "Xiake Light" Industry Independent Innovation Break-through Plan - Research and Development of Key Technologies for Deep Utilization of Medium and Deep Geothermal Energy and Multi-energyCoupling Complementary Heat Supply and Industrialization) science and technology projects.

Establishing new energy technology and focusing on photovoltaic modules

Shuangliang's ?rst 1000 Nm?/h green electricity intelligent hydrogen production system has been suc-cessfully released

Heat removal without water, innovating the development and utilization of geothermal energy

Photovoltaic Module Production Line

Schematic Diagram of Shuangliang Intelligent Hydrogen Produc-

tion System

production during the report period. Shuangliang Eco-energy invited,a third-party testing and certifying agency, to conduct rigorous testsand evaluations on environmental pressure, electric shock hazards,fire prevention, mechanical stress, PID and salt spray of Solar-Techphotovoltaic modules based on IEC61215 and IEC61730 standards.During the whole test cycle, the photovoltaic modules of Solar-Techfully met the standard requirements, with the authentication certi?cateobtained in October 2022, fully re?ecting Shuangliang's advantage ofexcellent quality in the photovoltaic ?eld.

be more than 99.9999% after the lye is settled and separated by thegas-liquid separation device. With advanced power technology andenergy optimization algorithm, the system can run e?ciently and stablyin the scene of high volatility. The Company's manufacturing process ofhigh standard eliminated the risk of electrolytic cell leakage. At the sametime, relying on the technology support of cloud platform, the system ismore intelligent, with remote operation and maintenance and unattend-ed operation achieved. The system can be widely used in coal chemicalindustry and petrochemical, steel and metallurgy, synthetic ammoniaand other industrial ?elds and civil ?elds, to reduce carbon emissionsand help the energy use end to achieve the "two-carbon" goal.

Shuangliang Eco-energy Systems Co., Ltd.2022 Environmental, Social and Governance (ESG) Report0910

Modules

Make Every E?ort for a Solid Growth

Shuangliang Eco-energy maintains a robust corporate gov-ernance and allows the government and regulatory agen-cies, shareholders, investors, and other stakeholders tofully understand the Company's management and develop-ment. During the reporting period, the Company strength-ened corporate governance, abided by business ethics,established a standardized ESG working mechanism, andcommitted to laying a solid foundation for sustainable de-velopment.

Strengthen Corporate GovernanceAbiding by Business EthicsESG Working Mechanism

Our Actions:

Contribution to SDGs:

Strengthen corporate governanceThe Company comprehensively enhances its corporate governance capabilities by continuously optimizing its governance structure,strengthening compliance management, maintaining investor relations, improving intellectual property management, and ensuringthe cybersecurity.

Governance structure

Shuangliang Eco-energy strictly follows the Company Law of the People's Republic of China, Securities Law of the People's Republic ofChina, Listed Company Governance Guidelines, Shanghai Stock Exchange Listing Rules, and the legal and regulatory requirements ofthe China Securities Regulatory Commission and has formulated the Articles of Association, General Manager's Work Rules, Branches& Subsidiaries Management System, and other governance systems to continuously improve the Company's corporate governancestructure, continuously enhance the Company's governance capabilities, and ensure steady and sustainable development.

Corporate Governance Architecture Diagram

General Meeting of

ShareholdersBoard of DirectorsBoard of Supervisors

Strategic Committee

Compensation

CommitteeSecretary of theBoard of Directors

Nomination

Committee

Audit Committee

General Manager

Research Institute

Jiangyin Tuteng Fine Chemical Co., Ltd.Sales Branch

Comprehensive Management Center

Technology Center

International Trade Department

Service Branch

Investment Department

Bromide Chiller Division

HR Department

Finance Department

Audit Department

Heat Exchange Division

Jiangsu Shuangliang Cooling SystemCo., Ltd.Jiangsu Shuangliang New EnergyEquipment Co., Ltd.

Shuangliang Silicon Material (Baot-ou) Co., Ltd.

Shuangliang New Energy Technology(Baotou) Co., Ltd.

General Meeting of Shareholders

Board of Directors

The General Meeting of Shareholdersis the Company's highest organ of au-thority. The Company strictly followsthe Standard Opinions for the GeneralMeeting of Shareholders and the spec-ified rules in the Rules of Procedure forthe General Meeting of Shareholders toconvene and hold the General Meetingof Shareholders, and the Company treatsall shareholders equally.

The number and composition of the Company's Board of Directors comply with laws, regulations, and regulatory requirements. In Sep-tember 2022, the Company successfully completed the Board of Directors' rotation election for change of terms, and the eighth Boardof Directors consists of 8 directors. There are established under the Board of Directors a Strategic Committee, a Nomination Commit-tee, a Compensation Committee, and an Audit Committee. The Company has formulated the Rules of Procedure for the Board of Direc-tors, Independent Director Work System, and Work Rules for each professional committee. The Company has a standardized directornomination and selection mechanism and puts an emphasis on the independence and diversity of the Board of Directors.

Directors are to be elected or replaced by the General Meeting of Shareholders, with a term of 3 years. The chairmanand vice-chairman of the Board of Directors are to be elected by an absolute majority vote of all directors. Directorscan be re-nominated and re-elected upon the expiration of their terms. Before the end of their terms, the GeneralMeeting of Shareholders cannot remove a director from o?ce without cause.Before the General Meeting of Shareholders is convened, the director candidates should make a written commit-ment agreeing to accept the nomination, guaranteeing the truthfulness and completeness of the publicly discloseddirector candidate information, and promising to e?ectively ful?ll their director duties after being elected.A director may also serve as the general manager or other senior management personnel, but the total number ofdirectors who concurrently serve as general managers or other senior management personnel plus directors quaemployee representatives, should not exceed half of the total number of Company directors.

Director Nomination and Selection Mechanism

Independence and Diversity of the Board of Directors

The Company has held

General Meetings of Shareholders anddeliberated and approved

proposals in total

The Company has held

meetings of the Board of Direc-tors and deliberated and ap-proved

proposals in total

During the reporting period

During the reporting period

CandidateRequire-ments

SelectionMethod

Appoint-ment Reg-ulations

Director Nomina-tion and Selection

Age diversity: Directors' ages coverdi?erent age groups such as 30s, 40s,50s, 60s, and 70s.Professional background diversity:

Directors have diverse professionalbackgrounds, including finance, ac-counting, mechanical research, enter-prise technology innovation manage-ment, semiconductor physics, andsemiconductor device physics.

Independent directors: There are 3

independent directors on the board,accounting for 37.5%.

IndependenceDiversity

Board of Supervisors

Organization Construction for Compliance Management

The Company has established a Boardof Supervisors to supervise, inter alia,the Company's regular reports, finance,directors, and senior management's dutyperformance, and formulated the "Rules ofProcedure for the Board of Supervisors." InSeptember 2022, the Company successfullycompleted the Board of Supervisors' rota-tion election for change of terms, and theeighth Board of Supervisors consists of 3supervisors, including one supervisor quaemployee representative.

As the highest decision-making body for compliance management, the Board of Directors is responsible for reviewing and approvingthe Company's basic compliance management policies and supervising their implementation. Under the Board of Directors, a RiskManagement Committee is established to evaluate the e?ectiveness of the Company's compliance management. In addition, the Com-pany has set up a dedicated post — compliance director and a compliance management department, as well as dedicated compliancemanagement positions in various departments and branches, to handle daily compliance risk management.

The Company has held

meetings of the Board of Supervisorsand deliberated and approved

proposals in total

The average training time for employees receiving compliance trainingwas

hours, and the compliance training has covered

%of our employees

During the reporting period

During the reporting periodCompliance management

To ensure the Company's legal operationand compliant functioning, ShuangliangEco-energy attaches importance to com-pliance management, and has formulat-ed the Shuangliang Eco-energy Co., Ltd.Compliance Management System andhas comprehensively implemented thecompliance concept of "compliance isthe bottom line of our operation, com-pliance creates value, and compliance iseveryone's responsibility."

Board ofDirectors

RiskManagement

Committee

ComplianceManagementDepartment

Departmentsand Branches

Compliance Management Architecture

Compliance Management Measures

The Company ensures the orderly implementation and e?ective execution of compliance management through measures such ascompliance risk identi?cation and assessment, compliance consultation and review, compliance training, compliance supervision, in-spection and monitoring, and compliance reporting and feedback.

ComplianceConsultationand Review

The Company's departments and its employees shall seek compliance consultation or compliance review andother compliance support for compliance matters in a timely and proactive manner; major business decisions ofthe Company are subject to compliance review before being made.

ComplianceSupervision,Inspection and

Monitoring

The heads of departments are responsible for providing risk information and submitting regular compliance re-ports to the Compliance Management Department; establishing a compliance supervision mechanism to track,monitor, and supervise suspected violations or potential risks.

Compliance

Training

Establish a collaboration mechanism with the HR department, develop compliance training plans, create e?ec-tive compliance training and education programs, and regularly organize compliance training work.

ComplianceReporting and

Feedback

Compliance reports include regular compliance reports and irregular compliance reports; for speci?c compliancematters, compliance management personnel at all levels should, in principle, report to the responsible person intheir department or at their level and to the higher-level compliance management department simultaneously.

Operation Mechanism of Compliance Management

In May 2022, Shuangliang Silicon Material (Baotou) Co., Ltd.

conducted anti-fraud compliance training, with Company

leaders and employees from procurement, production,

equipment, human resources, and integrated management

departments participating in the training. During the train-

ing, the invited lawyer introduced legal knowledge and case

analysis to participants from three aspects: "Why to fight

against fraud," "Modes of fraud and legal consequences,"

and "How to detect fraudulent behavior," further increasing

the participants' knowledge of anti-fraud.

Anti-fraud Compliance Training to Raise Awareness Against Fraud

Shuangliang Silicon Material Anti-fraud Training

Comprehensively identify and assess compliance risks in all of Company's business activities, including securi-ties business behavior, major decision-making matters, etc., and make risk ratings and corresponding controlmeasures for compliance risks.

Compliance

Risk Identi-

?cation and

Assessment

Reporting, Accountability, and Performance Evaluation Mechanisms

Environmental, Safety, and Quality Compliance Assessment

To enhance the attention paid by the Company's sta? as a whole to compliance management, the Company has formulated compli-ance-related reporting, accountability, and performance evaluation systems or mechanisms.

In compliance management, the Company pays special attention to environmental, safety, and quality compliance. To ensure thatthe Company ful?lls its commitment to comply with laws and regulations made in its environmental, safety, and quality policies, theCompany has formulated the Compliance Assessment Measures, which has delineated the scope of environmental, safety, and qualitycompliance risk identi?cation and the work procedures for compliance assessment.

Violation Reporting System

Evaluation of regulationsand other requirements

Identi?cation of regulationsand other requirements

Form a list

Develop and dis-tribute compliancechecklists to vari-ous departments

Compliance assess-ments to be conductedby departments, andthe enterprise manage-ment department shallconsolidate the resultsFormulate complianceassessment conclusions

Take correctiveand preventivemeasures for exist-ing issues

Compliance Accountability

Mechanism

Incorporated intoPerformance EvaluationEvery employee has the right to reportillegal and non-compliant activities

Define and implement compliance re-sponsibilities for personnel at all levelsand positions within the Company, anddelineate the procedures for investigation& handling of the report, and responsibili-ty determination

Incorporate the e?ectiveness of compliancemanagement and the conformity of profes-sional practices into the scope of factors tobe considered for the performance evalua-tion of senior management, various depart-ments, branches, and their sta?Reporting, Accountability, and Performance Evaluation Mechanisms for Compliance Management

Work Procedures for Compliance Assessment

Communica-tion with Secu-rities Regulato-ry Authorities

Designated disclosure channels:

Shanghai Securities News, o?cial website of Shanghai Stock Exchange China Securities Journal Securities Times

Disclosure principles: compliance, su?ciency, fairness, high e?ciency and low cost, con?dentiality (for trade secrets)

Communication channels: phone and fax; web-site of the Company; analyst meetings, perfor-mance briefings, and roadshows; one-on-onecommunication; site visitsCommunication content: Company's develop-ment strategy, business philosophy, businesspurpose; significant information in business,management, ?nance and operations; corporateculture, etc.

Disclosure of regulatory situation: timely andcomplete disclosure to investors of the supervi-sion conducted by regulatory authorities on theCompanyProactively solicit, report and communicate:

proactively solicit, report, and communicate withregulatory authorities after the preparation ofnew share issuance, changes in the use of fundsraised, etc.

Investor Relations Management Measures

Investor relations management

The Company attaches great importance to protecting the legitimate rights and interests of investors. In order to promote investors'understanding and recognition of the Company and establish a healthy relationship between the Company and investors (and poten-tial investors), the Company has formulated the Investor Relations Management Measures and the Investor Reception and PromotionSystem and other management systems. The system stipulates that, with respect to the investor relations management, the Board ofDirectors is the decision-making body, the Chairman of the Board of Directors is the ?rst responsible person, the secretary of the Boardof Directors is the main responsible person, and the o?ce of the Board of Directors is the dedicated department.

The Company actively interacted with a wide range of investors, replying to

investor questions through the "SSEe-Interaction" platformMore than1,800 institutional investors participated in the communicationReceived multiple batches of domestic and foreign brokerage ?rms, funds, and other investment institutions as well asindividual investors for research visits, and received approximately

investorsIn terms of information disclosure work, the Company disclosed a total of

announcements throughout theyear, and the assessment result in the 2021 information disclosure assessment of the Shanghai Stock Exchange wasB

During the reporting period

InformationDisclosure

InvestorCommu-nication

Intellectual property management

To standardize intellectual property management, effectively protect the Company's intellectual property, promote technologicalinnovation, and enhance market competitiveness, the Company has formulated the Intellectual Property Management System. Thesystem stipulates that the general manager shall organize and convene the general manager's o?ce meeting to determine the Compa-ny's major matters in terms of intellectual property and shall designate a speci?c person to be responsible for the daily managementof intellectual property. In 2022, led by the Low Carbon Research Institute, with the cooperation of various departments, ShuangliangEco-energy obtained the GB/T 29490-2013 Intellectual Property Management System Certi?cation and was awarded the honorary titleof "National Intellectual Property Demonstration Enterprise".

Carry out tailored intellectual property activitiesaccording to R&D progress: patent navigation in thehydrogen energy ?eld; core technology breakthroughsin the geothermal energy field; technology R&D inthe fields of lithium bromide absorption heat pumptechnology, indirect dry cooling technology, and heatexchanger tube devices.Accelerate the examination of important inventionpatents: In 2022, 2 invention patents were accelerated,and Shuangliang New Energy Equipment Co., Ltd. wasassisted in accelerating 1 invention patent.

Strengthen overseas trademark protection:

Throughthe analysis of the main export countries of products, itwas found that the Company currently lacks overseastrademark protection. After analyzing, the Companycompleted the registration of international trademarksin Class 9, and applications were made to enter the mainexport countries in Southeast Asia and other regions.Respond to trademark preemptive registration:

InChina, it was found that there were acts of preemptivelyregistering the "Shuangliang" trademark. The Companyresponded to trademark preemptive registration by car-rying out trademark invalidation work.

Provincial-level highest-level intellectual property pro-ject:

"Key Core Technologies for Non-Power-Driven Ex-traction and Intelligent Supply of Middle- and Deep-StrataGeothermal Energy" was awarded the provincial-levelhighest-level intellectual property project - Jiangsu Prov-ince High-Value Patent Cultivation Project.Wuxi Intellectual Property Strategy Promotion Project:

The implementation of the Wuxi Intellectual PropertyStrategy Promotion Project is progressing smoothly, theproject indicators are basically completed, and it is to beaccepted by the municipal bureau.

Explore patent commercialization and applicationmechanisms: In 2022, 1 patent was licensed to Shuan-gliang Engineering Technology Co., Ltd. through anexclusive license, which has been registered with thePatent O?ce and obtained the Patent ImplementationLicense Contract Recordation Certi?cate. Meanwhile,the Company is processing the transfer of 9 patents toShuangliang Engineering Technology Co., Ltd.

Patent Mining and Patent Layout

Trademark Management

Intellectual Property Utilization

Intellectual Property Project Undertakings

The Company applied for

patents in the hydrogen energy ?eld, including

invention patentsApplied for

patents in the geothermal energy ?eld, including

invention patentsApplied for

patents in the ?elds of, inter alia, lithium bromide absorption heat pump technology, indirect dry coolingtechnology, and heat exchanger tube devices, including

invention patentsThe invention patent"Indirect Dry Cooling Tower with Multi-layer Cooling Zones and its Anti-freezingMethod" won the China Patent Award for Excellence

During the reporting period

Cybersecurity

In recent years, Shuangliang Eco-energy has been comprehensively promoting the digital transformation of the Company. Information,intelligent, and automated technologies are increasingly being applied in various production and management scenarios, and havethereby improved the operation and maintenance management e?ciency. However, information systems and automated equipmentalso face cyber security threats. Therefore, enhancing cybersecurity management capabilities is an increasingly important responsibil-ity for Shuangliang Eco-energy. To ensure the Company's computer and cybersecurity, Shuangliang Eco-energy has formulated Cyber-security Management Regulations and authorized the information management department to centrally and dedicatedly manage thecomputer and cybersecurity and coordinate the implementation with relevant departments. The Company maintains cybersecurity bystandardizing password management, email receiving and sending management, virus protection, and mobile device usage manage-ment, and has also established a penalty mechanism for violations of cybersecurity-related regulations.

E?ective Passwords: Information system users should usecomplex passwords composed of mixed numbers and let-ters to constitute an e?ective password.

Regular Changes: Users must periodically change their

passwords.

Preventing Virus Intrusion: Unauthorized users are not

allowed to use floppy disks, CDs, and other informationinput media.Regular Virus Scanning: Network antivirus software will au-

tomatically update virus vaccine codes, and users shouldlaunch the virus scanning software to check the systemevery week.

Email Receiving and Sending Management: Each email

sent to the Internet should not exceed 5 MB in size; emailsbetween 2 and 5 MB will be automatically set to "low pri-ority."

Ownership: Mobile devices can be used by employees outside

the Company, but they belong to the Company, and compen-sation is required for any damage caused intentionally.System Upgrades: System upgrade requests must go through

a dedicated approval process, and after approval, the informa-tion management subdivision of the Enterprise ManagementDepartment will implement the upgrade.

Password Management

Virus Protection

Email Receiving and Sending Management

Mobile Device Usage

Cybersecurity Management MeasuresHighlights of Intellectual Property Management Measures in 2022

Abiding by business ethics

Shuangliang Eco-energy strictly adheresto the anti-corruption/bribery-relatedlaws and regulations of the People's Re-public of China, such as the Criminal Law,Anti-Unfair Competition Law, and InterimProvisions on Prohibiting CommercialBribery. The Company abides by theShuangliang Eco-energy Anti-CorruptionPolicy, requiring all employees to signthe Anti-Corruption Policy Receipt Con-?rmation and comply with the EmployeeCode of Conduct. Shuangliang Eco-energyadopts a zero-tolerance attitude towardscorruption, fraud, and other unethicalbehaviors, striving to create an honest andclean working atmosphere.Procurement and sales are two areas with a high risk of corruption or improper conduct. For this reason, the Shuangliang Eco-energyAnti-Corruption Policy speci?cally includes "Procurement Anti-Corruption Policy" and "Sales Anti-Corruption Policy." The policy alsostipulates clear permissions and prohibitions for activities such as gifting and hospitality, business dinners, charitable donations, andsponsorship. To improve implementation e?ciency, the policy also speci?es disciplinary measures for punishment of violations.

The average duration of anti-corruption training received by the Company'sdirectors was

hours, and the anti-corruption training has covered

% of the directors.

During the reporting period

These include good value for money, transparency, fair andopen competition, avoiding con?icts of interest, con?dentiali-ty of commercially sensitive information, and accountability

These include the principles of making it clear and the accurateaccounting principles, requiring correct recording of contactswith customers and accurate recording of accounting data

Cover key points: Clearly identify and monitor key points inthe sales process, such as promotional activities, sales activ-ities, agent management, sales revenue, and managementsupervision, where corruption/bribery and other illegal ac-tivities may occurSpecify prevention measures: For each key stage, multiple pre-vention measures are established at the system level to avoidcorruption, bribery, and other violations of business ethics

These include con?icts of interest and accepting bene?ts

Cover the entire process: Formulating clear regulations onthe entire procurement process, including preparing quota-tion documents, identifying suppliers, receiving quotations,reviewing quotations, placing orders, confirming receipt ofgoods/services, and auditing supplier performance

Specify prevention measures: For prohibited behaviors, theircorresponding prevention measures are established

Procurement Anti-Corruption PolicySales Anti-Corruption Policy

Establish procurement principles

Identify main risks

Prescribe prohibited behaviors and preventionmeasures

Establish sales principles

Monitor and prevent risks based on risk factors

In February 2022, Shuangliang Eco-energy procurement sta? participated in a clean procurement warning and educationconference held by the Company. Through the conference, the sta? listened to interpretations of clean-related policies, caseanalysis, and explanations of Company regulations and laws. As a result, their awareness of integrity, awareness of responsi-bility, and ability to prevent corruption and prevent themselves from being led astray have been improved and strengthened.

In December 2022, Shuangliang Silicon Material invited third-party law ?rm lawyers to conduct a special lecture training on"Clean Risk Prevention and Control Education." Middle and senior management of Shuangliang Silicon Material participatedin the online training at eight venues. During the training, the lawyer provided detailed interpretations of relevant legal doc-uments, popularized legal knowledge for the participants, and deepened their understanding and awareness through caseanalysis. The training enhanced the Company employees' legal awareness and integrity awareness in their professional con-ducts, helping the Company create a good atmosphere that values honesty and morality.

Holding a Clean Procurement Warning and Education Conference to Promote Transparent andClean Procurement

Organizing a Special Lecture on "Clean Risk Prevention and Control Education"

Shuangliang Silicon Material "Clean Risk Prevention and Control Education" Special Lecture

ESG working mechanism

Shuangliang Eco-energy takes "saving energy, improving the envi-ronment, and enhancing the quality of human life" as its corporatemission, which is highly consistent with the ESG concept. In recentyears, Shuangliang Eco-energy has optimized and upgraded itscorporate social responsibility management and formed an e?ec-tive ESG work mechanism in the course of practice.Shuangliang Eco-energy's ESG work covers three dimensions:

the Board of Directors, the ESG Coordination and Promotion Of-?ce, and various functional departments and units. The Board ofDirectors is the highest responsible body for the Company's ESGmanagement operation and information disclosure, responsiblefor reviewing and approving the Company's ESG goals and stra-tegic planning, ESG governance framework, ESG reports, etc. Thevarious professional committees under the Board of Directors playcorresponding ESG leadership roles. The ESG Coordination andPromotion O?ce is set up under the o?ce of the Board of Direc-tors and is responsible for drafting the Company's ESG strategyand action plan, organizing the formulation of the Company'sESG work plan, coordinating and promoting the implementationof ESG-related matters, and organizing the preparation of ESGreports, among other duties. Each functional department and unitshall fulfill the corresponding ESG indicators and managementgoals set according to their responsibilities, and follow up, man-age, count, summarize the data and information of their depart-ment and unit required for the annual ESG report, and report tothe ESG Coordination and Promotion O?ce, among other duties.

ESG Management Architecture

Stakeholder CommunicationThe Company identi?es stakeholder types, understands their needs, maintains e?ective communication with stakeholders, and jointlyachieves sustainable development, according to its operational reality.

Pay taxes according to the lawCompliant operationPromote economic developmentClimate action

Actively pay taxes according to the lawStrengthen compliance managementStrengthen corporate governanceProvide energy-saving, emission reduction andnew energy products and servicesImprove investment returnsProvide shareholder servicesFair access to information

Investor relations managementOptimize information disclosureConvene General Meeting of ShareholdersMeet diverse needsEnsure product qualityProvide high-quality service

Develop new productsEstablish product quality control processesConduct customer satisfaction surveysFair and open procurementPromote industry development

Participate in the formulation of industry standardsSupport local community developmentDiversity and equalityTalent development and retentionEmployee rights and welfareOccupational health and safety

Online and o?ine employee communicationchannelsGraded and classi?ed employee training andsetting up training classesConduct emergency drills and occupationalhealth and safety trainingConduct employee satisfaction surveysSupport local community developmentPublic welfare and charity

Promote clean concepts to local communitiesVolunteer services, and supporting customers

StakeholderMain Expectations and Needs

Communication Methodsand Performance

Customers

Shareholdersand Investors

Employees

Governments andRegulatory Agencies

Communities and Non-gov-

ernmental Organizations

Suppliers and

Industry Partners

Board of Directors

Functional Departments

and Units

ESG Coordinationand Promotion O?ce

Adhering to Quality and Guided byInnovation

Shuangliang Eco-energy insists on independent researchand development, innovating from the customer's per-spective, continuously improving the product quality man-agement system, optimizing product quality control andemergency management, meticulously creating excellentproducts, providing customers with high-quality services,strengthening supply chain management, maintainingclose communication with peers, and constantly enhancingbrand in?uence.

R&D and InnovationQuality AssuranceCustomer ServiceSupply Chain ManagementGrowing with the industry

Our Actions:

Contribution to SDGs:

R&D and innovationShuangliang Eco-energy takes tech-nological innovation as its foundation,actively participates in research anddevelopment, continuously developssuperior products, enhances techno-logical innovation capabilities, carriesout industry-university-research coop-eration, and builds the Company's corecompetitiveness.

Polysilicon reduction furnaceLarge-size monocrystalline silicon waferHigh-e?ciency photovoltaic modules

J2 new series of steam double-e?ect lithium bromide absorption chiller unitsH2A new series of steam single-e?ect lithium bromide absorption chiller unitsH2A new series (76/63) coking-speci?c hot water lithium bromide absorption unitsH2A new series (95/75) esteri?cation-speci?c hot water lithium bromide absorption unitsH2A new series (76/63) coking-speci?c hot water lithium bromide absorption units

…

Control systems for the full range of lithiumbromide productsGreen intelligent workshop paint room VOCmonitoring system

In 2022, the Company has obtained 4 national au-thorized invention patents and 2 pending patents

During the reporting period, the Company obtained:

One patent for an energy-saving system utilizing residual heat from hy-drogen peroxide concentrationOnepatent for a high-temperature hot water cooling device for a dyeingand setting machine using coupled energy-saving technology

One patent for a heat recovery system for a starch scraper drying pro-cess device

One invention patent for liquor residual heat utilizationThe Indirect Dry Cooling Tower with Multi-layer Cooling Zones and its An-ti-freezing Method won the 23rd China Patent Award for Excellence

R&DInnovation

IntelligentManufac-

turing

TechnicalInnovationNewProductDevelop-ment

PatentApplica-

tion

Industry-University-Research Cooperation

During the reporting period, the Company deepened its project cooperation with Tongji University, completed the simulationmodel of the primary heating network for several Company heating projects, completed the veri?cation of the automated oper-ation function of the primary heating network balance control, and continuously developed and improved the simulation andbalance control technology of the primary heating network.During the reporting period, the Company deepened its project cooperation with the Guangzhou Institute of Energy Research,Chinese Academy of Sciences, completed the design and structural optimization of ultra-long gravity heat pipes, carried out theoptimization and design research of ultra-long gravity heat pipe heat exchangers, and further improved the deep utilization of me-dium- and deep-strata geothermal energy and multi-energy coupling heating technology research and development.

Industry-University-Research Cooperation Achievement Case

南京大学

R&D Innovation Initiatives

During the reporting period, the Company carried out a special project on intelligent control and anti-freezing for workshopcooling, developed an intelligent optimization algorithm of "temperature control + protection + o?set", upgraded and de-ployed the original platforms of Beisan and Shuangwei, and solved key issues such as frequent system crashes, data trans-mission delays, and circuit breakage. Meanwhile, the Company developed a standardized Wonder Cloud platform that canallow for the rapid replication of projects and implemented it in the Shenglu project. In addition, the Company is currentlycarrying out anti-freezing e?ectiveness veri?cation work in Shuangwei and Shenglu projects.

During the reporting period, the Company independently developed six new circulating water cooling tower products, in-cluding a self-supporting steel structure vertical mechanical ventilation dry cooling tower, a modular self-supporting steelstructure wet cooling tower, a self-supporting steel structure L-shaped dry-wet combined cooling tower, an intelligent high-ef-?ciency V-shaped integrated dry-wet combined cooling tower, a large V-tube bundle self-supporting dry-wet combined cool-ing tower, and a natural ventilation steel tower dry-wet combined cooling system. This has comprehensively optimized theperformance of cooling water towers and improved their water-saving e?ciency.

With a leading advantage in the ?eld of photovoltaic equipment and based on its position in the midstream of photovoltaicindustry chain, the Company has built a 40GW monocrystalline silicon smart factory in Baotou, Inner Mongolia. The factory isdesigned with high starting point, high requirements, and high standards, equipped with nearly 3,300 advanced-in-the-indus-try 1600-type straight-pull mono-crystal furnaces, and equipped with leading-in-the-industry cutting, squaring, and grindingintegrated machines, which are used to produce large-size monocrystalline silicon wafers of 182mm and 210mm speci?ca-tions, and are compatible with P/N-type monocrystalline. In addition, polysilicon is an important cornerstone for the devel-opment of the photovoltaic industry, and is positioned at the forefront of the photovoltaic industry chain, and determines thesupply and development of the entire industry. Meanwhile, the "reduction system" is the core equipment for the productionof polysilicon. During the reporting period, the Company owns core technologies including electronic polysilicon reductionfurnaces and large spacing furnaces, and the Company independently developed multiple models of polysilicon reductionfurnaces, which have e?ectively reduced electric energy consumption.

During the reporting period, the Company developed a magnetic levitation variable frequency centrifugal evaporative chillerunit. This unit combines evaporative cooling condensers with magnetic levitation variable frequency centrifugal technology,adopts a modular design with optimized performance.

Conduct R&D of Intelligent Control System and Upgrade Intelligent Platform

R&D of Cooling Water Towers to Improve Water Conservation Performance

Production of Polysilicon Reduction Furnaces to Support Silicon Wafer Business Development

Breakthrough in the Application of Magnetic Levitation Variable Frequency Centrifugal Evapo-rative Chiller Units

Quality assurance

Shuangliang Eco-energy continuously improves its quality management system, formulates and implements a series of documentsof systems such as the Comprehensive Quality Management System, ensuring that products undergo stringent quality control. It con-ducts product quality testing to ensure the delivery of high-quality products to customers.Quality management system

Quality management measures

To further standardize the Company's management system and product quality and enhance mar-ket competitiveness, Shuangliang Eco-energy has successively passed the GB/T19001-2016, GB/T24001-2016, and GB/T45001-2020 standards for quality, environmental, and occupational healthsafety management system certi?cations. The Company's various management tasks have beenincorporated into the operation and control of the three systems.In addition, the Company has established a product standardization work leadership group with thegeneral manager as the group leader, the management representative as the deputy leader, and theheads of various departments as group members to lead the Company's product standardizationwork. At the same time, a dedicated person is assigned to the Company's Technology Center, spe-ci?cally responsible for implementing the product standardization work plan and objectives set bythe Company and the leadership group, ensuring the smooth completion of the Company's annualgoals and standardization work objectives. Furthermore, the Company has established a strict qual-ity and safety assessment system that combines "self-inspection, mutual inspection, and supervi-sion" and implements a "one-vote veto" system for quality and safety, linking assessment results toemployee promotions, performance evaluation, and rewards and punishments.

Shuangliang Eco-energy is dedicatedto creating high-quality products. Fromproduct quality control to emergencymanagement, the Company adheres tolegal and regulatory requirements andhas established a system that ensuresproducts undergo stringent testing, car-ries out emergency management, andguarantees the delivery of high-qualityproducts to customers.

Procurement process control procedureContract review control procedureChange management procedureEquipment management control procedureManagement manual requirementsHuman resources control procedure

Direct quality risk: product service quality riskIndirect quality risk: damage to the custom-er's other property rights or personal rightsduring the service process

Risk of product failure and contract lossRisk of bearing civil compensation liability

Certi?cate of Quality Man-

agement Certi?cation

Product Quality Control

Quality ControlThe Company adopts a risk control management philosophy and has established acomplete product quality control process that covers product quality risk analysis, riskassessment, and quality control measures. It conducts dynamic risk monitoring of prod-uct quality, timely and e?ectively reducing and resolving operational risks to ensure theCompany's steady and sustainable development.

ProductQuality RiskAssessment

ProductQualityRisk Iden-ti?cation

ProductQuality Con-trol Measures

The Company is holding a quality meeting

The Company introduces quality testing equipment

Quality Testing Mechanism

Quality TestingQuality testing is an important means ofcontrolling product quality. The Compa-ny has established corresponding organ-izational and institutional mechanismsand has formulated strict testing andinspection procedures for raw materials,semi-finished products, and finishedproducts, e?ectively preventing unqual-ified products from entering the nextprocess or leaving hidden quality issuesin the project.

Establish laboratories requiredfor steel structure production andinstallationSet up inspection and testingcenter to carry out research work

QSL. M0501. E. 01 Incoming inspection and testmanagement systemQSL. M0503. E.01 Quality information managementsystemQSL. M0504. E.01 Nonconforming product manage-ment systemQSL. M0505. E.01 Product conformity managementsystemQSL. M0506. E. 01 Physical and chemical inspectionmanagement system

Entrusting third-party profes-sional organizations to conductproduct quality testing

TestingCapabilityEnhance-ment

SystemGuarantee

Profes-sional Su-pervision

Company Customer Appreciation

Safety and ReliabilityTraining and guidanceTimeliness of supply

Product Design

Service personnelWork qualityPost-sales communication

AppearanceService responseLikelihood of repurchase

Customer serviceShuangliang Eco-energy highly values customer satisfaction, actively seeks to understand customer needs, and ensures service qualityby establishing, implementing, and continuously improving an after-sales service management system, implementing e?ective com-plaint handling mechanisms, and regularly conducting customer satisfaction surveys.Satisfaction survey

The Company has developed a Customer Satisfaction Measurement Control Procedure to carry out multidimensional customer satis-faction surveys for di?erent customers through methods such as visit interaction, telephone, internet, forums, design institutes, semi-nars, and customer satisfaction surveys. If necessary, it is combined with third-party expert surveys.At the same time, to ensure timely and accurate access to dynamic customer satisfaction information and to make customer satisfac-tion measurement methods suitable for the strategic planning and the development direction, the Company conducts regular evalua-tions and continuously improves satisfaction measurement methods.

Product Quality

Product debuggingPre-sales service

Product Satisfaction Survey Dimensions

Banners Awarded by Customers

Customer Appreciation Letter

Supplier Management Process

Customer complaintTo continuously optimize the customer complaint handling mechanism, the Company has established systems such as the CustomerComplaint Emergency Plan System, Technical Service Management System, and Technical Service Personnel On-site Service System,adhering to the "four principles of not letting go" in quality complaint assessment and standardizing customer complaint handlingprocesses and technical service management processes. The Company organizes relevant departments to uniformly accept customerfeedback, complaints, and render pre-sales, in-sales, and after-sales services, continuously strengthening customer complaint han-dling management. At the same time, responsible persons must undergo specialized training and assessment before they can take uptheir positions.In addition, in order to respond to customer complaints in a timely manner, the Company has established a rapid response systemto standardize the handling process and coordination mechanism for emergency events, and specialized emergency plan handlingcommand organizations are formed by various business divisions and technical service subsidiaries. Product quality and market salesdisputes are handled by di?erent specialized organizations. During the process of handling customer complaints, relevant informationis recorded in detail so that the person in charge of quality can identify the current bottleneck issues of the Company and submit themto relevant departments of the Company.

Supply chain managementTo ensure the stability, continuity, and raw material quality of procurement activities, the Company has formulated the ProcurementManagement System and the External Supplier Management System to continuously improve supplier management and promote thecommon development of suppliers and the Company.

When selecting suppliers, the Companyadopts multiple verification steps such assample verification and small batch verifi-cation, and focuses on whether the supplieris a well-known domestic unit or a top threeenterprise in the industry, in order to ensurethe stability of product supply, product tech-nical support and service, and other aspectsof comprehensive strength. Organizationscan only be included in the list of qualifiedsuppliers after on-site assessment.

Raw materials required for the Company'sproduction, such as steel, copper, aluminum,and pipes, are applied for purchase by vari-ous business departments according to cus-tomer needs, plan requirements, warehouserequirements, etc. Purchase requisitions are?nalized according to the "Classi?cation Ta-ble of Importance of Items to be Purchased".After receiving the purchase requisition, thepurchasing department prepares the pur-chase order according to the supplier's pricelist and purchases through directly signingannual contracts with suppliers. For equip-ment accessories, the Company adopts theform of supplier bidding, and the purchasingdepartment determines the major materialsuppliers of the year through competitivebidding and then carries out procurementactivities.

Through carrying out a comprehensive, spe-cific, objective, and dynamic evaluation ofsuppliers, suppliers are dynamically upgrad-ed, downgraded, or eliminated based on theevaluation results.Organize review teams to irregularly conducton-site reviews of major original suppliersin terms of, inter alia, quality control, on-site management, and warehousing, helpingthem improve their technical and manage-ment levels.

The Company requires qualified suppliers to sign a social responsibility commit-ment letter, urging them to continuously improve their environmental and occupa-tional health behaviors, reduce the negative impact on the environment, protectemployee health, and ful?ll their social responsibilities.

Social responsibility commitment letter re-quired by the Company for suppliers to sign

SupplierAdmission

SupplierManage-ment

SupplierAssess-ment

No.Standard nameStandard levelStandard No.

Role played in itsformulation

1Category I lithium bromide absorption heat pump unitNational standardGB/T34620-2017Presiding2Steam and hot water type lithium bromide absorption water chillerNational standardGB/T18431-2014Presiding

Minimum allowable values of the energy e?ciency and energy e?ciency gradesfor lithium bromide absorption chillers

National standardGB29540-2013Participating4Speci?cation for test of indirect dry cooling towerIndustry standardT-CECS680-2020Participating5Speci?cation for test of indirect cooling tower heat exchangerIndustry standardT-CECS681-2020Participating6Operation guide for direct air cooling system of thermal power plantIndustry standardDL/T1934-2018Participating7Coal chemical large air separation equipmentIndustry standardNB/T12006-2016Participating

Performance test code for heat transfer element of air-cooled condenser in power plantIndustry standardDL/T552-2015Participating9Acceptance guide for direct air-cooled systemIndustry standardDL/T1428-2015Participating

Growing with the industry

Adhering to the business philosophy of green, friendly, and sharing, the Company is committed to creating world-class "clean energysolutions", actively participating in national and industry standards, engaging in industry exchanges, and striving to contribute to thedevelopment of the energy industry.

Formulation of Industry Standards

During the reporting period, the Company participated in the 18th China Distributed Energy International Online Forum with thetheme of "New Thinking on Energy Security under the Two Carbon Background - New Distributed Integrated Energy Security."This forum focused on building an exchange and dialogue platform in the ?eld of distributed integrated energy, concentrating onnew distributed integrated energy security, systematically analyzing the problems and challenges faced by distributed integratedenergy development, and proposing recommendations for the development path of distributed integrated energy under carbonneutrality goals. The forum invited authoritative scholars, experts, and business people from government departments, researchinstitutes, domestic and foreign companies, and industry organizations, who jointly discussed industry development and break-throughs under new trends. The Company will continue to gather the wisdom and strength of the industry, adhere to the busi-ness philosophy of green, friendly, and sharing, create world-class "clean energy solutions," promote the energy revolution, andcontribute intelligence and strength to achieving carbon peak and carbon neutrality goals.

Participating in the China Distributed Energy International Forum to Promote Energy Revolution

As a pioneer in the energy revolution, Shuangliang has been deeply involved in the development and utilization of geother-mal energy for over a decade. It has formed a complete industrial chain integrating geothermal energy exploration, design,drilling, application, and operation, and has the capacity for large-scale development and application of geothermal energy.During the reporting period, the Company participated in the "CHIC Online Classroom" hosted by the Clean Heating IndustryCommittee (CHIC) and delivered a lecture on "Digital-Driven Whole Lifecycle Carbon Neutral Smart Heating Solutions - Medi-um - and Deep-Strata Geothermal Energy Gravity Heat Pipe Technology." Through this lecture, the Company demonstratedits corporate image in promoting the development of a low-carbon society.

During the reporting period, the "2022 Carbon/Carbon Com-posite Materials Technology and Application Forum" was heldin Changsha. Shuangliang Eco-energy, as a customer repre-sentative, participated in discussions related to carbon-carboncomposite material technology and industrial developmentdirection. Representatives from various fields had in-depthdiscussions on the potential of carbon-ceramic coating technol-ogy, cost reduction space for crucible liners, and the expansionof hydrogen storage tank business. They also exchanged andshared information on the current interrelationships betweenindustry, university, and research in this ?eld and corporate de-velopment planning.

The Company upholds its commitment to environmental protection. During the reporting period, the Company participatedin the 4th Future Energy Conference, co-hosted by the China Energy Research Society and the China Energy Net. The confer-ence focused on the theme of "Carbon Neutrality and Global Industrial Integration." Through this conference, the Companywill continue to vigorously promote the green and low-carbon transformation of energy, contribute to improving energy utili-zation e?ciency, increasing the proportion of non-fossil energy consumption, and reducing CO2 emission levels. The Compa-ny will seize opportunities, strive to become a "world-class clean energy solution provider," and contribute corporate strengthto the realization of the "two-carbon" goals.

Unleashing the Value of Geothermal Energy with Net Zero Emissions and Empowering Compa-nies to Achieve Low-carbon Visions with Smart Heating

Participating in the China (2nd) Carbon/Carbon Composite Materials Technology and Applica-tion Forum to Support Composite Material Development

Participating in the 4th Future Energy Conference to Promote Green and Low-carbon EnergyTransformation

2022 Carbon/Carbon Composite Materials Technology and Applica-

tion Forum

Less Carbon Emissions and IncreasedEnergy E?ciency to Build a Greener Home

Climate change is one of the greatest challenges facing theworld today. In order to minimize the impact of climatechange, protect our planet, prevent pollution and damageto the natural environment, the Company is committedto adopting more environmentally friendly practices andexploring new strategies to achieve sustainable operations.We will continue to implement environmental protectionthrough measures such as system improvement, innovativepractice, and strengthened employees' awareness of envi-ronmental protection to help reduce carbon consumptionand promote sustainable development.

Environmental managementCarbon neutral boostEmissions management

Our actions

Contributions to SDGs:

Environmental management

Protecting the ecological environment is the bounden responsibility of ShuangliangEco-energy. The Company constantly deepens the building of environmental manage-ment system and emergency management system of environmental emergencies, andreduces the loss caused by environmental risks while realizing environmental protec-tion, so as to truly realize the sustainable development of the enterprise.Environmental management system

The Company strictly implements national standards and system certification of GB/T 24001 and ISO 14001, develops Environmental Protection Management System andother environmental management systems, and relies on the QES management systemto continuously improve and strengthen the system construction, implements the in-centive and punishment system for environmental protection throughout the Company,consciously performs and calls on all employees to take the responsibility of ecologicalenvironment protection. At present, the Company has obtained the environmentalmanagement system certi?cation certi?cate.

Improve the energy managementsystem, and formulate the EquipmentManagement Regulations, Record Man-agement Regulations and MonitoringResource Management Regulations andother energy management regulations

For newly-built, rebuilt and extendedprojects and the major projects which arenewly contracted, started, completed orput into operation, all units must identifyand analyze the environmental factorsin advance, perform the environmentalimpact assessment, and complete theacceptance of environmental protectionin a timely manner in accordance withthe principle of Three Simultaneities ac-cording to the assessment opinions

The Energy Management Committee is fullyresponsible for energy management. Thegeneral manager authorizes the person incharge of the system to serve as the directorof Energy Management Committee of theCompany. The business management de-partment assists the Energy ManagementCommittee in organizing and coordinatingdaily affairs. Each department is responsi-ble for carrying out its own energy manage-ment responsibilities

Adopt materials and processes that meetenvironmental protection requirements：

New process, new technology with no pol-lution or less pollution, and reform of theold processUse non-toxic, harmless, low-toxic or low-harm raw materials instead of harmful rawmaterials

Daily management and examination ofenergy consumption, set energy-savingtargets and indicators, strengthen en-ergy-saving education and training ofemployees, identify and analyze energyfactors in the production process

Select and use those production equip-ment and environmental protection equip-ment that meet environmental protectionrequirements and discharge standards.When environmental protection treatmentfacilities fail, those production processeswith "industrial waste water, waste gasor solid waste" to be discharged must besuspended, and the maintenance andmanagement of process, environmentalprotection and auxiliary facilities shall bestrengthened to prevent over?owing, drip-ping and leaking

The Company invested

44.11

million yuan inenvironmental protection,a year-on-year increase of

%

During the reporting period

Regulations Management

Project Management

Organizational Management

Process Management

Business Management

Equipment Management

Environmental Protection Management System

Emergency management of environmental emergenciesThe Company has formulated the Emergency Preparedness and Response Management Regulations to re?ne emergency plans forenvironmental emergencies involving waste water, waste gas, solid waste and hazardous chemicals, and constantly deepen emergen-cy management of environmental emergencies. The Company adheres to the principle of emergency response handling, led by theemergency command center and coordinated by the Security Department, which leads all departments to identify potential dangersor emergencies and formulate corresponding emergency plans according to the emergency handling process of environmental emer-gencies, so as to realize hierarchical handling of environmental emergencies.

An accident and emergency command center shall beestablished, with the management representative as thecommander in chief. heads of relevant departments actas members of the emergency command center, and theSecurity Department shall be responsible for coordination

Carry out regular safety inspection in responsible areaReview the operational e?ectiveness of emergency prepar-edness and response control procedures at the end of theyear related personnel training

Prepare emergency equipment/resourcesDevelop and implement training and exercise plans onaccount of the results of hazard source identi?cation

Those who are serious and responsible for the handlingof accidents and safety hazards and have outstandingachievements will be rewarded according to relevant regu-lations of the Company

Organization Guarantee

Supervision and Inspection

Plan Management

Incentive Mechanism

QES Management System Organization Chart

The Company Has Obtained GB/T 24001 and ISO 14001 Environ-mental Management Certi?cates Certi?ed by Beijing Tianyizheng

Technology CenterBromine ChillerDivisionEquipmentDepartmentSecurity Department

Human ResourcesDepartmentMarketingDepartment

Sales BranchService BranchEnergy ConservationDivisionAir Cooler Division

Enterprise Manage-ment DepartmentLogistics BusinessDepartment

Comprehensive Man-agement Department

Heat ExchangerDivisionQuality InspectionDepartment

Information Appli-cation Department

InternationalDivisionProcurementDepartment

Finance Depart-ment

General ManagerPerson in Charge

of System

Emergency Management System for Environmental Emergencies

Avoiding death

Protecting personnel from injury

Reducing other property lossAvoiding or reducingenvironmental pollution

Accident occurs

On-dutyshift leader

Department head

Level III(workshop level)

Level II(company level)

Level I(social level)

Organize an emergency teamin the shift to carry out emer-gency response timely

Accident ?nd-er's judgment ofaccident level

Emergency Rescue Man-agement O?ce (EnterpriseManagement Department)Report it to the emergency com-mander-in-chief immediately(Call together the Company's deputyemergency commander and allprofessional emergency teams tokeep standby for ?ve minutes)Accident type judgment

Site disposal team(Kesitong, power branch)(leakage of waste water

and waste gas)

Site disposal team(logistics center)(leakage of hazardouschemical and waste)

Emergen-cy evacua-tion team

After-ac-cidentrehabilita-tion team

Materialsupport

team

Report it to your local

environmental pro-tection administration

Departments Emergency Headquarters

Protecting device & equipment

Emergency Response Handling Principles

Environmental Emergencies Handling Flow

Leakage ofwaste waterand waste gas

Leakage of haz-ardous chemical &hazardous waste

Green O?ce Practice of the Company

In order to further strengthen the idea of "safety ?rst, preven-tion first" and ensure safe and stable production work, theCompany conducted an emergency drill for environmentalemergencies against employees on October 28, 2022. Theemergency drill simulated the damage of the hydrochloricacid pool pipeline and the leakage of hydrochloric acid in theworkshop. All teams followed the response plan for environ-mental emergencies. The accident department in this drillresponded in a timely manner and took emergency measuresin place, which greatly improved the emergency responseability and the solidarity and cooperation spirit of employees.

Carry out emergency drills for environmental emergencies to improve employees' ability todeal with environmental emergencies

Hydrochloric Acid Leak Emergency Drill

Greening and sanitation management

The Company continues to improve the management system of greening and environmental sanitation, strengthen supervision andrecti?cation e?orts through the establishment of a clear division of rights and responsibilities, and constantly optimize the production,living and working environment of employees.Greening management

Sanitation management

Green o?ce

The general services management department of the Company takes the lead in environmental greening management and planningto improve the production area and surrounding environment. For the project involved in greening outsourcing, a strict outsourcingmanagement contract shall be signed with the responsible company, and meanwhile the outsourcing company shall be regularly su-pervised and urged to make recti?cation, so as to protect the beautiful environment of the enterprise.The Company strictly implements the area contracting responsibility system for its environmental sanitation management, that is,individuals/units/independent places are the party responsible for the area where they are located, and sign an environmental sanita-tion management agreement with third parties to clean up the garbage in the garbage dump in a timely manner. And meanwhile, thehead of the general services management department will regularly supervise and inspect the environmental sanitation conditions ineach area of the Company and urge them to make recti?cation to ensure that the sanitation meets the requirements.The Company vigorously promotes green o?ce, aiming at implementing the concept of green and low-carbon life to the employees,constantly improving their environmental awareness, and creating a green and comfortable workplace, so as to reduce pollution emis-sions and energy waste, and realize the friendly development of the enterprise and the environment.

Energy-saving central air conditioningunits researched, developed and pro-duced independently by the companyare used in the enterprise's o?ce build-ings, which can save water and electric-ity effectively and reduce the carbonemissions

O?ce BuildingFacilities

Electronic examination and approval,and electronic management of docu-ments such as work report

Electronic O?ce

Promote the paperless office, andrealize the online conversion of paperwork?ow, which can save about 30,000pieces of paper every year

Paperless O?ce

Shuangliang Eco-energy Systems Co., Ltd.41

Carbon neutral boostUnder the background of "two-carbon goals" strategy, the Company ushered in a new round of development opportunities. The Com-pany fully implements the completely new position of "digitally-driven full life cycle carbon neutral solution service provider" and therequirement of building a "net zero carbon city", deeply expands the application of energy conservation and emission reduction, pro-vides a package of "carbon neutral" services from planning and design to implementation, and enables industrial upgrading throughdigitalization and service-oriented transformation.

The Company has accumulatively provided more than

30,000

energy-saving devices for the whole society, saving

million tons of standard coal every year, reducing emissions of

million tons of carbon dioxide, and saving

2.83

billioncubic meters of water every yearA total of

132.76

million yuan was invested in energy conservation and emission reductionThe Company's comprehensive energy consumption per ten thousand yuan of output value is

0.031

tce/ten thousand yuanThe air cooling system is provided to a total of

users

By the end of the reporting period

Construction of energy management systemIn response to the national call for building a resource-saving society, the Company constantly improves the energy management regulations.Relying on its Energy Management Committee, the Company actively carries out cleaner production training, creates an energy-saving publicityweek and constantly enhances the employees' awareness of reducing energy consumption, so as to realize the e?ective use of energy and im-prove the economic bene?ts of the enterprise. At present, the Company has obtained a clean heating service certi?cation certi?cate.

Energy Management System

Regulations Management

Improve the energy manage-ment system, and formulate theenergy management regulationssuch as the Equipment Manage-ment Regulations, the RecordManagement Regulations andthe Monitoring Resource Man-agement Regulations

Organization ManagementBusiness ManagementEstablish an energy managementcommittee to take overall responsi-bility for energy management, andthe general manager authorizes thesystem leader to act as the directorof the energy management commit-tee of the company. The businessmanagement department assiststhe energy management committeein organizing and coordinating dailya?airs. All departments and divisionsare responsible for fulfilling theirrespective energy management re-sponsibilities

Conduct daily managementand examination of energyconsumption, set energy-savingtargets and indicators, strengthenenergy-saving education andtraining of employees, identifyand analyze energy factors in theproduction process of products

Digitally enabling full life cycleAs the industry leader focusing on "energy saving, water saving and environmental protection" for 40 years, Shuangliang Eco-energy gal-lops in the new net-zero, digital, smart and green track of high-quality development. The Company independently developed AIoT cloudedge integration system which integrates intelligent IoT terminal, Wonder OS software system and AI intelligent algorithm, covering intelli-gent heating, intelligent buildings/parks/cities, intelligent factories, intelligent air cooling and other scenarios. Through intelligent products,operation and maintenance digitization and AI intelligence, it boosts low-carbon operation & maintenance and intelligent management &control. The Company is committed to building a leading digital platform for comprehensive carbon neutral solutions in China.

Brainstorming session on cleaner production to stimulate employees' concept of cleaner productionThe Company's clean heatingservice certi?cation certi?cate

During the reporting period, the Com-pany continues to deepen its digitalenhancement by providing data,algorithm, software and hardwaresupport to provide digital solutionsfor energy services. The ShuangliangSmart Energy is carrying out in-depthcooperation with Wuxi Hundun En-ergy to create a professional arti?cialintelligence integration energy fieldtheory and develop a comprehensiveenergy "brain" - intelligent energymanagement platform, to providedigital solutions for comprehensiveenergy services.

Taking the opportunity, Shuangliang Eco-energy tries to become the "two-carbon goals" strat-egy pursuer

Shuangliang provides process cooling services for Moutai Distillery, and realizes intelligent

operation and maintenance through Shuangliang's smart energy management platform

In order to implement the Environmental Protection Law of the People's Republic of China, theLaw on the Prevention and Control of Environmental Pollution by Solid Waste and other relevantlaws and regulations, the Company strictly follows the working policy of "prevention ?rst, controlcombined" and the "three-simultaneity" provisions of environmental protection, establishes andimproves the Regulations on Solid Waste Management, Environmental Protection EquipmentManagement and other rules and regulations, and controls the discharge of pollutants in the pro-duction process. The Company strives to achieve synchronous planning, implementation anddevelopment of production construction and environmental protection, and realize the organicunity of economic bene?ts, social bene?ts and environmental bene?ts.

Technology upgrading boosts energy conservation and emissionreductionThe Company has increased investment in environmental protection, planned and implemented energy conservation & emission re-duction renovation projects, and continuously optimized production facilities to reduce carbon emissions and energy consumption, soas to continuously provide customers with green energy solutions and create an environmentally friendly industry.

The Company's air cooler business, reducing the concentration of ?ue gas

pollutants

The Company's equipment and technology upgrade services over the years

The Company's electrolytic hydrogen production equipment, enabling

clean energy production

Bromine chiller

We have made progress in the heat pump for original station,waste heat recovery of ?ue gas and large temperature di?erenceheating applications

"Lithium bromide absorption chiller/heater" wonthe single champion product honour in China's na-tional manufacturing industry.

Air cooler

The steel indirect cooling tower integrates main engine circulat-ing water cooling tower, auxiliary engine cooling tower, stack,desulfurization absorption tower and CCUS carbon capture sys-tem ?ue into one bodyThe all-steel-structure indirect cooling tower reduces the fall ofliquid SO2 and solid dust, decreases the concentration of pollut-ants, and avoids the formation of haze to a great extent.

"Intelligent control steel structure dry cooling sys-tem" won the honour of single champion product inChina's national manufacturing industryThe world's ?rst steel indirect cooling tower featur-ing "?ve towers integrated in one"The world's first all-steel-structure indirect coolingtower integrating stack and tower

Heat exchanger

We are committed to the research and development, design andmanufacturing of various heat exchange devices, including all kindsof heat exchangers, condensers, and carburetor systems, etc., whichare used in photovoltaic polysilicon, air separation, PTA, semicon-ductor, petrochemical, geothermal and other occasions

"Heat exchanger" has become a long-term supplierproduct of Siemens, Man turbo, Linde, French AirLiquid, American Air Products and other famous in-ternational companies, with very high shares in thehigh-end market

New energy equipment

The products have been serialized from 12 to 72 pairs of rods,and the reduction power consumption can be reduced to 42KWH/kg silicon or below

The new-energy "polysilicon reduction furnace"market share has remained above 65% for manyyears, ranking the first in the industry, which hasbeen selected as a national specialized and new "lit-tle giant" enterprise

Single crystal silicon wafer

The Company produces high-performance large-size photovol-taic monocrystalline silicon, which is made into photovoltaicpower modules with high performance after being processed bysubsequent downstream sectors, so as to achieve further costreduction of photovoltaic power generation

The 40 gigawatts monocrystalline silicon projectis a key project of Baotou Municipal governmentthrough investment promotion

Equipment & Technol-ogy Upgrade Services

Current Achievements in Energy Conser-vation and Emission Reduction

Relevant Honors/Industry Status

Company Waste Control System

Emissions management

The waste gas monitoring wascarried out for

timesWaste gas emission compliancerate:

%;Waste water discharge compli-ance rate:

%Noise emission compliancerate:

%

During the reporting period

Waste discharge managementThe Company strictly implements the "industrial waste water, waste gas or solid waste" or"three wastes" emission standards formulated by the state, requires all departments to en-sure that the waste discharge meets the requirements stipulated by the state and achievethe emission standards in the production process. The Company continues to improve thecontrol requirements of three wastes, and formulates perfect disposal measures for thedischarge of three wastes, upgrades and reforms the production process, emphasizes therecycling of resources, and realizes clean, civilized production.Waste Emissions ControlThe Company puts forward strict control requirements for solid waste, waste water,waste gas, noise and other emissions, and realizes the whole-process control of wasteemissions by relying on organizational management and technological upgrading, so asto eliminate wastes in the production process to the greatest extent.

Waste Gas Control

Waste Water Control

Noise Control

All solid wastes (such as scrap iron, waste wrappage, haz-ardous solid waste and household waste, etc.) shall betransported to the Company's designated dump by a spe-cially-assigned person of the waste-generating departmentgenerated by each department must be discharged into theCompany's designated dump.The Company shall dispose it in a reasonable way to reduceenvironmental pollution as much as possible

The process department is responsible for the managementof supporting equipment related to the collection and ab-sorption of waste gasThe planning department carries out regular waste gas in-spection

The enterprise management department is responsible forthe planning of sewage pipes and sewage treatment facili-ties in the factory. The industrial sewage and domestic sew-age generated by each department must be discharged intothe Company's sewage pipes, and ?nally sent to the centralsewage treatment plant for treatment and discharge to meetthe standardsSewage pipes must be dredged and maintained regularly

In the selection of equipment, the impact of equipmentnoise on the environment shall be considered, and theequipment with low noise shall be preferredConstantly improve production process and upgrade equip-ment to reduce workshop noise, so that the noise of thefactory boundary meets emission standards

Solid Waste Control

Waste DisposalThe Company classi?es and disposes of wastes according to their characteristics, strengthens regular maintenance of facilities, equip-ment and sites related to waste utilization and disposal, and relies on the HSE department to carry out supervision and managementof waste environment management process to ensure compliance of discharge management. In addition, the HSE department of theCompany actively carries out various environmental protection training activities, aiming at improving employees' concept and abilityof waste compliance management.

Resource Recycling

The Company always adheres to the concept of "saving limited resources and protecting the ecological environment", and requires alldepartments to recycle valuable scrap items. The Procurement Department is responsible for signing an Agreement on Waste Recy-cling and Environmental Protection with the third party units to realize the secondary value of resources.

Wastewater containing nitrogen and phosphorus: after neutralizationtank + inclined tube precipitation + activated carbon filtration, its70% is recycled in the phosphating process and the remaining 30% isevaporated through an evaporatorNitrogen and phosphorus free wastewater: the domestic sewageafter neutralization pretreatment and septic tank pretreatment will?ow to Xili water treatment plant of Everbright Water Treatment (Ji-angyin) Limited

Classi?cation treatment: take speci?city treatment based on wastegas properties. Hydrogen chloride will be emitted at high altitudeafter secondary alkali spraying treatment. Particulate matter andnon-methane hydrocarbon will be emitted after the treatment of "dry?ltration + zeolite runner + catalytic combustion" or "dry ?ltration +zeolite molecular sieve + catalytic combustion"Regular inspection and facility maintenance & optimization: theEnterprise Management Department is responsible for regular in-spection of waste gas emissions, while the Equipment Department isresponsible for daily maintenance and upgrade and optimization ofequipment

Source weight reduction: reasonable selection and use of raw or auxiliary materials for production; use of advanced production technology andequipment; Environmental protection training activitiesFine process: create a storage according to the classi?cation of solid wastes; regular maintenance of production equipment; supervision of solidwaste discharge processDisposal standards: formulate a comprehensive utilization standard for solid waste; review the quali?cations of solid waste receiving units

Disposal Method of Three Wastes

Waste Gas Disposal

Solid Waste Disposal

Incentive GuaranteeSupervision GuaranteeRegulations Guarantee

In accordance with relevant policiesand requirements, the company willcommend and reward units & indi-viduals with outstanding environ-mental protection achievements.Units & individuals who violateregulations and cause environmen-tal pollution accidents will be heldaccountable according to the seri-ousness of their circumstances

All workshops and departmentsshall be subject to the guidance andsupervision of the enterprise man-agement department with respectto their business, and effectivelyimplement the Hazardous WasteManagement Regulations

Environmental pollution preventionresponsibility regulations, iden-tification regulations, hazardouswaste management plan, sourceclassification regulations, transferduplicates regulations, businesslicense regulations, emergency planrecord regulations, storage facilitymanagement regulations, utilizationfacility management regulations,post training regulations

Hazardous Waste Management System

Hazardous waste managementAdhering to the principle of "environmental protection must be taken care of in production management", the Company formulates theHazardous Waste Management Regulations. The enterprise management department of the Company takes the lead to assume overallleadership responsibility in the prevention and control of hazardous waste pollution, and strictly stipulates that all workshops and depart-ments must incorporate the prevention and control of hazardous waste pollution into the management work of their own departments.Waste Water Disposal

People-oriented, Social Responsibility

Adhering to the employment concept of "having both virtueand ability, putting virtue ?rst" and based on the manage-ment policy of "scientific management, people-oriented",Shuangliang Eco-energy always observes the open and fairemployment principles, constantly improves employees'rights and interests protection system and occupationalhealth & safety management system, and develops a seriesof talent training management systems to create a talentteam with strong business ability and enterprising spirit,so as to achieve a win-win situation between the companyand employees.

Create a happy workplaceBuild a prosperous communityEnsuring stable production and employment

Our actions:

Contributions to SDGs:

Creating a happy workplace

The Company strictly abides by the national labor employment regulations, labor protection regulationsand other relevant rules andregulations, adheres to the legality and compliance of employment, and constantly improves the salary management and perfor-mance management to protect the legitimate rights and interests of employees. And also, the Company insists on providing employ-ees with complete welfare security and training system, and strives to create a happy workplace for employees, so as to truly realize asustainable development of the relationship between employees and the Company.

The Company was penalized

times for violating employee employment and labor laws & regulations, the labor contractsigning rate was

%, and the medical examination coverage rate was

%Women account for

% of the Company's employees and

% of middle and senior managementThe complaint rate of employees is

%, and the overall satisfaction rate of employees is

85.13

%,which is

% higher year on year

During the reporting period

Employment compliance

Shuangliang Eco-energy strictly implements the basic principles of compliance employment and fair employment, signs labor con-tracts with employees in accordance with the law, constantly improves the Personnel Management Regulations and Regulations on La-bor Employment Management, and advocates fair opportunity and diverse workplace, so as to standardize the Company's personnelmanagement and strengthen the uni?ed management of labor employment, and also meet the temporary employment needs of theCompany's production, operation and management and protect the legitimate rights and interests of employees.

The employment of child labor is strictly prohibited, andall forms of forced and compulsory labor are resisted

The Company's Labor Management Philosophy

Adhere to equal employment and provide a fair andinclusive employment environment for employees of dif-ferent genders, nationalities, races and religious beliefs

Strictly implement the provisions on maternity leave andlactation leave for female employees, and protect therights of female employees

Company Recruitment Management System

Ordinary Employees

Specially Recruited Employees

It refers to all kinds of professionaltechnicians recruited by the Companyfrom universities or society

Annual Human ResourceDemand ScheduleInternalRecruitment

ExternalRecruitment

Analysis andSummary ofthe Completionof Recruitment

Plan

Self-recommen-dation, competi-tion for jobs, etc

Online recruitment,on-site recruitment intalent market, campus

recruitment, TVrecruitment and head-hunting companyrecommendation, etc.

Special Approval fromGeneral Manager

Executive RecruitmentProgram

It refers to ?rst-level supervisors andspecial key positions

Senior Management

Composition of Company Sta?

Diverse Workplace

The Company always adheres to the principle of equality of opportunity, and does not take gender, age, nationality, religious belief,place of domicile and other factors as recruitment criteria. In addition, the Company actively trains, selects and introduces a largenumber of high-quality talents to create local employment opportunities.

The Company puts forward the personnel needs of the next year according to the development goals of the next year and the existinghuman resources of the department, and makes recruitment plans according to the analysis of talent needs and job requirements.

By gender

By education

By age

By employment type

male

employees with a master'sdegree or above account

grassroots

employees with 51 yearsold and olderfemale

ones with a university orbachelor's degree

middle managementa college degree or below

senior management

41 to 51 years old

aged 31 to 40

under 30 years old

81.52%

18.48%

6.76%

45.29%

11.93%

36.02%

1.78%

19.96%

78.26%

2.83%

0.84%

96.33%

Creation of employee well-beingThe Company attaches great importanceto democratic management and employ-ee care, constantly expands the commu-nication channels of the employees, de-velops a series of welfare managementregulations, and constantly improvesthe Salary Management Regulations andEmployee Performance Management,and builds the value distribution sys-tem and internal incentive mechanismwith the characteristics of ShuangliangEco-energy. In addition, the Companyactively implements the feedback of em-ployee satisfaction survey results, whichimproves the satisfaction and happinessof employees and constantly raises theirliving standards.

Communication Channels for Company Employees

The Company builds a friend-space platform to ensure democratic management through

multiple channels

Online Questionnaire on Employee Satisfaction

O?ine

Pre-shift meeting, morning meeting, weeklymeeting and monthly meeting

Per day, week, monthNew employee seminarsOnce/2 monthsUndergraduate seminarsOnce per quarterFarewell party for retired employeesOnce per yearChairman's email addressAt any time

Online

Friend-space platform

At any timeCorporate executive blogManagement email addressWeChat, SMS, phoneWeChat o?cial account

Channels or ModesFrequency

Housing Bene?tsRegulations on the Administration of Housing Rental

Accommodation is availableSuite for married couples (containing central airconditioning system and 24- hour hot water) isavailableEnsure convenient life around the communityLeave Bene?ts

Regulations on the Administration of LeaveInterim Provisions on Post Rotation and CompulsoryLeave for Personnel in Key Positions

Implement a double holiday systemEnjoy national legal holidaysEnjoy 11 days of paid leave for the Spring Festival

Care Bene?ts

Health Care Management Regulations for Special PostsRegulations on the Administration of Employee CasualtyCompensationRegulations on the Administration of Work-related InjuryInsuranceAccident Potential Management RulesRegulations on the Administration of Overtime Work andDutyProvisions on Health Protection of Employees

Five social insurances and one housing fundNutrition, high-temperature and other allowancesare paidClarify employee compensation for work-relatedinjuriesProtect employees' right to restRegular annual physical examinationCare for female employeesIncentive Bene?tsRegulations on the Management of Employee AwardsAdvanced collective & individual selection

Other Bene?ts

Free shuttle busAvailable employee communityNew employee quality developmentHoliday bene?tsEmployee birthday bene?ts, etc

Base pay + post-based pay + skill-based pay

Nutrition allowance + duty allowance +high temperature allowance + mid-nightshift allowance + special allowance (con-?dentiality allowance, driver's food allow-ance, km allowance, etc.)

Safety work bonuses + Performanceappraisal bonuses

Company Employee Bene?ts System

Salary Structure of the Company's Structural Wage System

Allowances

Welfare TypeRegulations GuaranteeOrganization Guarantee

MonthlyIncome

Graded Salary

Bonuses

Company Performance Management SystemCompany and division:

Annual plan and ?nancialindicators

Decomposition of annual planfrom departmentsEmployees submit Employee

Regular communica-tion with employees

Monthly/quarterly ratingPerformance InterviewPerformance Appeal

From December 5 to December 9, 2022, the Company conducted an anonymous employee satisfaction survey from sevendimensions: development prospect, working atmosphere & employee relations, working and living environment, salary &bene?ts & performance, self-worth expression, personal growth & development, and internal communication & team coop-eration. Based on the statistical results of the satisfaction survey, the Company will make a targeted development plan forthe next step, aiming at improving the management and operation level of the Company, and improving employees' sense ofidentity and belonging to the Company.

Conduct employee satisfaction survey to understand employee needs in real time

Training and developmentAdhering to the enterprise spirit of "learning can make progress, creation can keep eternal", the Company is committed to building acomprehensive and systematic talent education & training system, constantly clarifying the growth path of employees, and help em-ployees continue to improve their ability and career value through creating a whole-process training system, enabling the sustainabledevelopment of the Company's human resources.

The average training time for each employee in our company is about

hoursDuring the reporting period

PerformanceObjectiveDecomposition

PerformancePlan

Performance

Process

Performance

Appraisal

Customized Training for Company Employees

The Company's Whole-process Personnel Training Model

The Company has formulated the Management Regulations ofApprenticeship. Relying on the "Shuangliang University", the hu-man resources department of the Group and all business units,the Company implements the work of "mentors instructing ap-prentices", strengthens the development of human resources ofthe Group and the reserve of backup talents, and makes the tal-ent training system institutionalized, scienti?c and standardized

Train relevant personnel when implementing new technologyand new process; train relevant personnel when selectingequipment

The Company establishes six training courses system of "consist-ence training + management training + ordinary employee training+ vocational training + production operation personnel training +entire staff training" for on-the-job employees, to standardize theCompany's human resource management regulations and ensurethe Company's stable, sustainable and healthy development ability

Encourage employees to develop themselves, participate in train-ing activities independently, and obtain updated knowledgeEncourage employees to use their independent and ?exible sparetime to study for academic quali?cations and certi?cates

Pre-job Training

Timely Training

On-the-job Training

Self-development and Training of Employees

Talent Education and TrainingAdhering to the talent education principle of "hierarchical, categorical, multi-form and full participation", the Company constantlyimproves the Training Management Regulations to create a complete set of corporate education and training system. The Companycustomizes different training contents for different categories of employees. And meanwhile, according to employees' work needsand self-development, pre-job training, on-the-job training, timely training and self-development training are carried out regularly orirregularly through internal training and external training, so as to ensure that employees can complete their work in high quality andimprove their work ability.

New employees

Based on the Company's history, enterprise spirit & concept, code of conduct and job-related skills as the maincontent, the common part will be trained by the Company collectivelyOrdinary and specialpost employees

The main content is the post skills and quality requirements

Core and cadre employees

Reserve cadres

The main content includes role change, voca-tional skills improvement, management skillstraining, etc.

The main content includes enter-prise operation & management andrelated professional knowledge, etc.R&D personnel

Project management, project team manage-ment, etcMarketing personnel

marketing management, sales management,sales skills, etcAfter-sales servicepersonnel

Quality customer service, etiquette, skills, etcManagement teammembers

The training focuses on improving their abilities to control the market, implement the enterprise developmentstrategy, make scienti?c decisions, develop and innovate, lead the overall situation and external activities, organ-ize, manage and deal with major problems

Category of EmployeesTraining Content

During the report period, the Company conducted the ?ve-star lean team training for all employees at the production line,including 6S management, 4MY management, group activities, WHYWHY analysis, two-source management, OPL drip educa-tion in production ?eld, etc. The workshop site, work e?ciency and the overall quality of workers have been greatly improvedand promoted.

Carry out the ?ve-star lean team training to comprehensively improve the quality of workers

The Company is carrying out the ?ve-star lean team training

Company Employee Promotion Management System

Employee Growth

Shuangliang Eco-energy has continuously improved and implemented regulations such as the Company Promotion Management Reg-ulations and the Employee Career Development Management Regulations, set up comprehensive promotion assessment factors, andestablished di?erentiated career development paths for employees with di?erent levels and sequences to meet the long-term devel-opment demands of di?erent groups.

Skills for higherpositionsRelevant workexperience andquali?cations

Completerelevant trainingcourses requiredfor post promo-tion

Better adaptabilityand potential

Employee moralityand on-the-jobperformanceEmployee PromotionAssessment Factors

At the end of each year,the promotion plan willbe implemented in auni?ed manner based onthe employee's compre-hensive assessment scoreand the organizationaloperation status

Regular Promotions

Employees who makespecial contributions tothe Company and performwell during the year canbe promoted at any time

Irregular promotions

According to the Company'spolicies, the human resourc-es department shall reviewand coordinate the list ofpromotions proposed by de-partment heads, and submitit to the Company leader forapprovalThose who have been ap-proved for promotion willbe released by the HumanResources Department in per-sonnel bulletin, and the oneto be promoted will be noti-?ed individually in writing.

Company Employee Career Development System

Safety and Health Surveillance System

Occupational Health System

In order to strengthen the health surveillance of employees, standardize the safety educationof employees, ensure the safety of operation and production and further improve the safetyawareness and safety engineering quality of all employees, the Company constantly improvesthe Regulations on Employee Health Protection and Regulations on Occupational Health andSafety Education, shoulders the responsibility to ensure the health care of employees andorganizes employees to carry out safety production publicity and education activities so as toprotect the occupational safety of employees. At present, the Company has obtained occupa-tional health and safety management certi?cate.

Career Development Committee

Management PathVarious employees ofthe company

Technology PathTechnicians

Business Path

Employees engaged in mar-keting and service work

Department managers act as careerdevelopment coaches for employees

Human Resources Department

Health and safety

Shuangliang Eco-energy is committed to ensuring the safety of employees, pays attentionto the health of employees, and regards the safety production management as one of theimportant tasks of management. The Company constantly improves the occupational healthsystem, strengthens the safety production management, and continuously promotes therationality and effectiveness of the management system. Relying on the safety productionmanagement committee, the Company organizes and holds various kinds of emergencydrills, safety production knowledge contest and other safety production training, constantlyimproves the employees' awareness of health and safety production, trains the employees'safety production capacity, and guarantees their health and safety.

During the reporting periodthe physical examinationcoverage rate of employees was

%The number of work-relatedfatalities was

,and the mortality rate for millionman-hours was

%The investment inoccupational health and safetywas

6.18

million yuan, upby

% year on year

risk problems aredetected, and the risk problemsrecti?cation coverage rate is

%

The Human Resources Departmenttakes the lead in educating employ-ees on health protection knowledge

Carry out regular physical exami-nation of employees and properlytreat employees injured at work

The Human Resources Departmentestablishes a physical examinationledger for employees to track theirphysical health in real time

Pay attention to the health of employees inspecial operations and the hygienic safetyof food & drinking water, strengthen thestandardized operation of employees, andoptimize the operating equipment and en-vironment

Indoctrination of IdeasPhysical Examination

Record TrackingRoutine Protection

They must have a three-level educationbefore they can take up a post

They must have vocational trainingand certi?cate before taking up a post

Other safety educations that the HSE section is responsible for include but not limited to or-ganizing the study of relevant safety production documents, laws & regulations and enterpriserules & systems, carrying out various forms of safety production activities, holding accidentanalysis meetings, and safety exchange meetings, etc

New Employees

Special Operators

Other Safety Education

Employees' Occupational Health and Safety Education System

The Company's occupational health and safetymanagement system certi?cate

Occupational health and safety managementsystem certi?cate from the subsidiary Shuang-

liang Silicon Material

Organization Chart of the Company's Safety Production Management Committee

Work Safety ManagementRelying on the multi-level safety management regulations, risk management regulations and other risk emergency management regu-lations, the Company has established a Safety Production Management Committee, and formulated work safety regulations such as theRegulations on the Safety Control of Hazardous Chemicals, Regulations on the Control of Precursor Chemicals, Regulations on the Manage-ment of Hazardous Operations and Working Environment, Regulations on the Management of Labor Protective Equipment, Regulations onthe Safety Management of Equipment, Fire Control Safety Management Rules, and Safety Inspection Management Rules. In addition, theSafety Production Management Committee takes the lead to organize various special work safety activities, safety and environmental pro-tection supervision projects and other activities. Through risk classi?cation and hidden danger investigation & control, e?ective measuresare taken to eliminate the source of danger, improve operating conditions, inspect and upgrade operating equipment, standardize the useof labor protection articles, reduce work safety risks, and protect the physical health of operators.

Coordinate and lead the Compa-ny's safety management, imple-ment the continuous improve-ment, exercise all functions insafety management, and assumethe responsibility of the Compa-ny's safety management

The functional department of safe-ty management is responsible forthe planning, organization, coordi-nation and management of dailywork safety, and the organizationand implementation of safetymeasures and implementation ofsafety supervision and report, etc.

Acting as the deputy director ofsafety committee according to thegeneral manager's authorization,assisting the director to take spe-ci?c charge of the safety manage-ment leadership

Head of Safety CommitteeTakes the Lead (GeneralManager)

Implemented by Membersof the Safety Committee(functional departmentssuch as the HSE division)Deputy Head of SafetyCommittee Administers in aUni?ed Way (Deputy GeneralManager of Management)

Responsibilities of Each Level of the Company's Safety Production Management Committee

The Company is carrying out a major inspection of work safety to prevent

work safety risks

The Company is holding a "work safety month" activity to strengthen the

employees' concept of work safety

The Company is organizing employees to attend a work safety meeting to

strengthen work safety capacity

The Company is carrying out a safety knowledge contest to consolidate

the knowledge base of work safety of employees

In June 2022, the Company conductedsafety & ?re control knowledge trainingfor staff representatives of all depart-ments and workshops, and organizedvoluntary ?re?ghters to carry out safetyescape and ?re ?ghting drills, enablingemployees to learn correct escapemethods in the face of ?re and how touse fire extinguishers, and enhancingtheir awareness of ?re safety.

Conduct safety & ?re control knowledge training to enhance employees' safety & ?re control awareness

The Company is carrying out a safety & ?re control knowledge training

Head of Safety Management

Committee: Liu ZhengyuDeputy Head of Safety Manage-ment Committee: Tan Jiangang

General Management Department:

Liu KaiEnterprise Management Depart-ment: He QiaofangQuality Inspection Department:

Jiang JianfengProcurement Department:

Dai XiuhuiHuman Resources Department:

Li TianmingFinance Department:

Ma XuejunTechnology Center:

Ju GuidongInternational Division:

Ren ZhengBromine Chiller Division:

Yang HongfangHeat Exchanger Division:

Yang ZhengyuLogistics Business Department:

He DanyuSales Branch:

Hu GaofengService Branch:

Hu GaofengEquipment Department:

Chen Yang

Safety and Environmental ProtectionDivision: Jiang Jiannan, Cao Yinxiao

Building a prosperous community

For the purpose of building a prosperous community, the Company actively carries outvarious kinds of cooperation with communities, provides important opportunities forthe society to benefit them from the Company's production and operation, and sup-ports the common sustainable development of the community and the enterprise. TheCompany insists on cooperating with local enterprises to introduce new energy technol-ogy to local areas and drive local economic development. In addition, the Company isactively providing customers with anti-epidemic support services, fully guaranteeing thenormal production of customers.

During the reporting period, Shuangliang's 40GW monocrystalline silicon Phase I project was o?cially landed. As the Company'spractical action responding to the national "2030 carbon peak, 2060 carbon neutral", Shuangliang's 40GW monocrystalline siliconproject is a key project of Baotou municipal government through investment attraction. The construction of the project is divided intotwo phases. After reaching the design capacity and the set standard, the whole project can produce 4 billion pieces of silicon wafersannually, which can generate more than 60 billion KWH of electricity annually for photovoltaic power stations. It is expected that theproject can achieve annual output value of more than 30 billion yuan, annual tax revenue and added value of 1.38 billion yuan, createmore than 5,000 jobs, and fully stimulate the development of new energy industry in Baotou.

Accelerate implementation of the monocrystalline silicon project in Baotou to drive the devel-opment of new energy industry in Baotou

The concept of cleanliness bene?ts communities

The Company is committed to continuously gather the wisdom and strength of the industry, and adheres to the green, friendly andsharing operation philosophy to share the world-class "clean energy solutions" with the national or even global enterprises.

On July 12, 2022, Shuangliang Silicon Materials (Baotou), a wholly-owned subsidiary of the Company, signed the Strategic CooperationSale Agreement of Polysilicon with Xinte Energy as well as its three subsidiaries. The contract stipulates that the buyer is expected to pur-chase 201,900 tons of polysilicon materials from the seller from 2023 to 2030, and the announced estimated purchase amount is about

58.47 billion yuan. As the supplier of Shuangliang Eco-energy, Xinte provides strong raw material support for the silicon wafer production

of Shuangliang, and meanwhile, Shuangliang's large-quantity purchase also injects vitality into the local enterprises in Baotou.

During the reporting period, Jiangsu Shuangliang New Energy Equipment Co., Ltd., one of the Company's holding subsidiaries,signed the Reduction Furnace Sales Contract with Xinjiang EASTERN Hoshine Silicon Industry Co., Ltd. The order signed this timeis the one with the largest number of devices in the single-unit reduction furnace contract of Shuangliang Eco-Energy so far, withthe amount of 428,637,600 yuan. This cooperation greatly promotes the development of enterprises in Xinjiang while making newcontributions for the Company's performance in 2023.

In order to further implement the policy requirement of accelerating the clean en-ergy heating and green energy conservation and emission reduction proposed bythe General Secretary Xi Jinping, and further enhance the e?cient developmentof clean heating industry, the "Inner Mongolia 10th International Clean Heating AirConditioning Heat Pump Exhibition in 2022" was grandly opened in Inner MongoliaInternational Convention and Exhibition Center on August 19. During the exhibi-tion, Shuangliang presented digital-data-driven full-life-cycle intelligent heatingcarbon neutral solutions to all walks of life, and talked with the audience the newtrend of low-carbon, net-zero carbon and green electricity development to helpstart the "blue sky battle" in Inner Mongolia.

Shuangliang Eco-energy re-cooperates with Xinte Energy to ensure the formation of a virtuouscycle of photovoltaic industry chain

Comprehensive cooperation makes contributions to the industry prosperity of Xinjiang

Clean heating makes contributions to the "blue sky battle" of Inner Mongolia

Wang Qing, General Manager of Inner Mongolia

Region of Shuangliang Key Account Manage-ment Center, Spoke on Behalf of the Participat-

ing Enterprises

Industrial cooperation contributes to localdevelopmentThe Company actively ful?lls its social responsibilities, continuously strengthens indus-trial cooperation with enterprises in various regions and combines its own developmentneeds with the advantages of enterprises in the other side, so as to realize the win-winsituation between the company and cooperative enterprises and promote local eco-nomic prosperity.

During the reporting period

The Company won the Baotou City

May Day Labor Award

The Company won the Green Channel En-terprise Award in High-tech Rare Earth Zone

The Company won the First Baotou Innova-

tion and Development Award

The Company won the"National Unity and Progress Award""Baotou City May Day Labor Award""Green Channel Enterprise Award inHigh-tech Rare Earth Zone""First Baotou Innovation and Devel-opment Award"

During the reporting period, Jiangsu Shuangliang New Energy Equipment Co.,Ltd., the Company's holding subsidiary, reached the cooperation for the ?rstbatch of intelligent polysilicon reduction system with Inner Mongolia OrdosPolysilicon Industry Co., Ltd., and the two parties signed a contract at the "In-telligent Reduction Control System Development Summary Conference". Thecooperation of the first batch of intelligent polysilicon reduction system notonly further promotes the transformation of Shuangliang New Energy into asystem integration service provider, but also brings development opportunitiesto local enterprises in Ordos.

Strengthening cooperation with Inner Mongolia enter-prises to drive local development

Intelligent Reduction Control System Development Summary Conference

Ensuring stable production and employment

The Company has always had a sense of social responsibility. In the face of the continuous pandemic, the Company has overcome numerouschallenges, insisted on stable employment and production, and actively guaranteed energy supply for the stricken enterprises, assisted thoseenterprises in the epidemic prevention and safe operation, and donated money, demonstrating the Company's active ful?llment of social re-sponsibilities and obligations.Working together to maintain stable productionSince May 4, the region where the Shuangliang Eco-energy headquarters is located will be administered in accordance with the city's con-trol area. Under the guidance of the document Guidelines on the Completely Closed Management of Enterprises, Shuangliang Eco-energystarted the completely closed management of the factory, requiring that employees reside in the factory, wear masks and work. Under thepremise of complying with the regulations on epidemic prevention and ensuring the safety of epidemic prevention, the Company conduct-ed scienti?c and orderly organization of production and operation.

During the period of closed loop management, the Company urgently allocated various daily necessities to solve the problems offood, clothing, housing and transportation of resident employees. Employees who live in Shuangliang community was connectedin a "point-to-point" manner by specially-assigned persons and special vehicles, guaranteeing a whole closed-loop management.For employees who lived in the o?ce or workshop due to work requirements, the Company distributed strictly sterilized bedding toensure night rest. And meanwhile, the canteen provided breakfast, lunch and dinner, with enough supply of food, oil, meat and vege-tables, and employees ate in a dispersed manner at di?erent peak. Under the condition of ensuring epidemic prevention and safety,the canteen did its best to ensure the normal life of employees, so that they could feel at ease and calm, face the work with full spirit,and ensure the smooth progress of front-line production and operation.

Peace of mind is the unremitting pursuit and full protection

Guarantee of the Life and Work of Employees during the Closed Loop Management Period

It is our duty to support customersUnder the epidemic situation, service comes ?rst. In the face of the continuous pandemic, the Company adheres to online and o?ineall-weather service, strives to help every customer overcome the di?culties of the pandemic, and practices Shuangliang's commit-ment to every customer.

Under the condition of epidemic prevention and control, the Company insisted on the "two goals" of epidemic prevention &control and capacity guarantee, i.e., achieving orderly epidemic prevention and workshop production. The employees tookthe factory as their home, overcame di?culties, carried forward the "Spirit of the Iron Army", and did their best to dutifullyensure the production and operation as usual.

In March 2022, in order to ensure the normal operation ofPudong Airport, Shuangliang Service sent its elites to the?rst-line support team of Pudong Airport, which earnestlyful?lled its responsibility of "being ready to assemble at the

In April 2022, the team of Shanghai Shuangliang ServiceBranch actively responded to Huadian Minhang's helpappeal for energy guarantee during the pandemic, brokethrough numerous difficulties, went through the special

Safety and stability are the common goal, having high morale

Brave to carry out the mission,keeping as sharp as possible

Going against di?culties, regard-less of the pandemic

Miao Wenbin, chairman of Shuangliang Eco-energy, was checking the

accommodation arrangement overnight

Letter of Thanks from Shanghai Inter-national Airport Co., Ltd.

Letter of Thanks from ShanghaiHuadian Minhang Energy Co., Ltd.

Employees were conducting orderly production during the closed

loop management period

?rst call and be capable of?ghting and winning" andmade indispensable con-tributions to the safe oper-ation of Pudong Airport.

approval procedures forepidemic passage, went tothe site, quickly developeddebugging plans, success-fully completed devicedebugging, and ensuredthat Huadian Minhangsuccessfully completedthe task of energy supplyguarantee during the pan-demic period.

ESG Performance GRI Index

GRI2: General Disclosures2021

2-1 Organizational details3-82-2 Entities included in the organization's ESG reportAbout this Report2-3 Reporting period, reporting frequency and contact personAbout this Report2-6 Activities, value chains and other business relationships9-102-7 Employees522-9 Regulatory framework and composition13-142-10 Nomination and selection of the supreme regulatory body142-13 Delegating responsibility for managing impact232-14 Role of the supreme regulatory body in the ESG report232-27 Abiding by laws and regulations15-172-29 Approaches to stakeholder engagement24GRI 203: Indirect EconomicImpacts2016

203-2 Signi?cant indirect economic impacts9-10、35GRI 205: Anti-corruption2016205-2 Transmission and training of anti-corruption policies and procedures21-22GRI 302: Energy2016302-4 Reducing energy consumption43GRI 306: E?uents and Waste2018

306-2 Management of signi?cant impacts related to waste46-47

306-3 Waste generated46GRI 401: Employment2016

401-2 Bene?ts provided to full-time employees

(excluding temporary or part-time employees)

GRI 403: Occupational Healthand Safety2018

403-1 Occupational health and safety management system58-60

403-3 Occupational health services59

403-5 Occupational health and safety training for workers60

403-6 Promoting workers' health60

GRI 404: Training andEducation2016

404-1 Average hours spent on training per employee per year55

GRI 405: Diversity and EqualOpportunity2016

405-1 Diversity of regulatory bodies and employees14GRI 413: Local Communities2016

413-1 Operating sites with local communities' participation, impact

assessment and development plan

61-62GRI 414: Supplier SocialAssessment2016

414-1 New suppliers screened with social criteria34414-2 Negative impacts of supply chain on society and actions taken34

Governance

Number of members of Board of DirectorsPerson8Number of independent directorsPerson3Number of female directorsPerson0Number of General Meetings of Shareholders heldTime10Number of meetings of the Board of Directors heldTime19Number of meetings of the Board of Supervisors heldTime9

EnvironmentEnvironmental protection investmentRMB 0'0004,411

PeopleNumber of total employeesPerson5,120Categorized byeducational background

Master's degree or abovePerson91Bachelor's degreePerson1,022College degree or belowPerson4,007

Categorized by job grade

Number of senior managementPerson43Proportion of females in senior man-agement

%4.7Number of middle managementPerson145Proportion of females in middlemanagement

%9.6Number of grassrootsPerson4,932Categorized by gender

MalePerson4,174FemalePerson946Categorized by age

Below 30Person2,31931-40Person1,84441-50Person61151 and abovePerson346Labor contract signing rate%100Social insurance coverage rate%100Overall employee satisfaction%85.13Employee complaint rate%0Health and Safety

Investment in occupational healthand safety

RMB 0'000618Employee death accidentOccurrence0Death rate per million working hours%0Physical examination coverage rate%100%

Financial InformationOperating incomeRMB 100 million 144.76Total pro?tRMB 100 million10.46Total assetsRMB 100 million219.44

GRI StandardIndex

DisclosuresUnit

Page2022

This report is compiled with reference to GRI standards, and the GRI1 used is GRI1: Foundation 2021

Suggestion Feedback

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Address: No. 88, Xili Road, Ligang Sub-district,Jiangyin City, Jiangsu ProvinceContact number: 0510-86632358Zip code: 214444Fax number: 0510-86631333Email: 600481@shuangliang.comO?cial website: https://www.shuangliang.com/

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