On April 27, EGING PV Technology Co., LTD. (SH600537, hereinafter referred to as " EGING PV ") officially released the 2023 Environmental, Social and Governance (ESG) Report.

Improve ESG governance structure

Against the backdrop of global warming and the increasing depletion of fossil energy, the development and utilization of renewable energy has received increasing attention from the international community, and vigorously developing renewable energy has become an international consensus. As a long-established photovoltaic company, EGING PV has always adhered to steady operations and established trusting partnerships with all parties.

In order to adapt to the Company's strategic development needs and further improve the corporate governance structure, the Company has established the Board of Directors' Strategic Development and ESG Committee to deepen the board's participation in the deployment of ESG matters. we further established ESG work leadership group, with an ESG work office responsible for ESG-related work coordination and management. At the executive level, an "ESG Implementation Team" was set up across all centers and functional departments, as well as subsidiaries and business divisions, to coordinate the implementation and execution of ESG work within the Company.

Overview of key ESG performance of EGING PV in 2023

Innovation drives development and creates long-term value

Currently, EGING PV has a R&D team of more than 400 members, comprising about 15% of its workforce, and has applied for more than 600 patents and invested ¥ 3.67 million in R&D over the past 5 years. Over the years, EGING PV has been on the list of "World's Tier 1 PV manufacturers" by Bloomberg New Energy Finance, a global authoritative rating agency, and is also one of the TOP10 PV brands in China and one of the "Top Runner" photovoltaic base suppliers in China. EGING PV has the "International science and Technology Cooperation Base" authorized by the International Science and Technology Cooperation Department of the Ministry of Science and Technology, postdoctoral research workstation, Jiangsu Photovoltaic Engineering Research Institute and other scientific research and development platforms. The Company is home to some research and development platforms, such as the international technological cooperation base authorized by the Department of International Cooperation of the Ministry of Science and Technology, the post-doctoral research station, and Jiangsu Photovoltaic Engineering Research Institute.

At the same time，with the help of digital and intelligent system tools, EGING PV has better carried out the innovative concept in the technical reform of the workshop and the operational management of the Company, and has put in place the cost reduction and efficiency improvement. In the future, the Company will continue to deepen and refine the digital and intelligent reform, laying a solid foundation for greater and further development and becoming a new benchmarking enterprise of digitalization and intelligence.

Vigorously promote energy conservation and carbon reduction and actively build green factories

EGING PV has always followed the concept of low carbon, environmental protection and green first. The Company's business activities should adhere to the criteria of " reducing the environmental load on the earth and improving the environmental carrying capacity of the earth", follow the national and international laws and regulations on environmental protection and green and low-carbon development, refuse to use products that do not meet global social responsibilities, and reduce the use of products with high environmental loads.

In 2023, EGING PV Chuzhou production base was officially put into operation. The project covered a total land area of 666,666.7 ㎡ and a total construction area of 250,000 ㎡. The related supporting facilities such as 10 GW PV cell workshop, raw material warehouse, spare parts warehouse, comprehensive power station were built. A distributed photovoltaic power generation project is implemented for the building roof, with an installed capacity of approximately 18 MW. After completion, the annual power output of the first year is 19.125 million kWh, and the average power output in 25 years is 17.212 million kWh. In addition to reducing energy consumption for self-use, the project can achieve saving of 6,883 tons of standard coals, reduction in carbon dioxide emissions by 17,160 tons and sulfur dioxide emissions by 165 tons every year. The project's energy conservation and emission reduction effects are remarkable, assisting the Company in further achieving its green and low-carbon development goals.

Comply with company operations and assume social responsibility

EGING PV has continuously improved the corporate governance structure, strengthened and implemented the internal control system, standardizes operations, and further regulated behavior in accordance with the Company Law, the Guidelines on the Governance for Listed Companies, the Basic Norms for the Internal Control of Enterprises and other laws and regulations, as well as the latest requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange on corporate governance. The Company has strengthened communication with investors, fully safeguard the interests of investors and stakeholders, and keep improving corporate governance.

The Company highly recognizes that Chinese path to modernization is a modernization in which man and nature coexist harmoniously. Respecting nature, complying with nature, and protecting nature are the inherent requirements for building a modern socialist country in an all-round way, and also the value pursuit of EGING PV to insist on providing customers with environmentally friendly products and services.

As a leading company in the photovoltaic industry, EGING PV has always regarded sustainable development as one of its core strategies. In the future, the company will continue to adhere to the concepts of "green development, innovation-driven, and responsible" and continue to promote the sustainable development process of the enterprise. At the same time, EGING PV will also actively fulfill its social responsibilities and make greater contributions to the prosperity and development of society.

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