孚能科技：孚能科技2024年度環境、社會及公司治理（ESG）報告（英文版）.pdf

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1、1Corporate GovernanceEnvironmentSocietyAppendixThird Party Assurance Report23About This ReportMessage from the ChairmanAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportSociety0303Environment0202Corporate Governance010101030923232733354351535

2、96265717577818395Response to Climate ChangeEnvironmental Compliance ManagemertEfficient Resource UtilizationCircular Economy and Green ProductsEcosystem and Biodiversity ProtectionR&D and Innovation DevelopmentProduct and Service AssuranceSoptlight:Lean Production.the Path toSystematic Transformatio

3、n and OptimizationInformation Security and Privacy ProtectionBuilding a Sustainable Supply ChainEmployee Rights and DevelopmentSocial Contribution and Rural RevitalizationSoptlight:Party BuildingLeadership:Setting a New Course forHigh-Quality DevelopmentScientific and Standardized GovernanceStrength

4、ening the Risk Defense LineUpholding Business EthicsAbout This ReportAbout Farasis EnergyESG ManagementESG Performance TableGuidelines No.14 of Shanghai StockExchange for Self-Regulation of Listed CompaniesSustainability Report(Trial)IndexGRI IndexThird Party Assurance Report971101101151210102About

5、This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportAbout This ReportThe Environmental,Social,and Corporate Governance(ESG)Report(hereinafter referred to as“this report”)is publicly issued by Farasis Energy(Ganzhou)Co.,Ltd.(hereinaft

6、er referred to as“Farasis Energy”).This report is compiled based on the principles of openness and transparency,discloses practices and performance of Farasis Energy in fulfilling ESG-related issues in 2024.This English translation of the report is for reference only.In case of any discrepancies bet

7、ween the English and Chinese versions,the Chinese version shall prevail.Reporting ScopeReporting PeriodDefinition of TermsUnless otherwise specified,the policies,statements,and materials in this report cover the actual business scope of Farasis Energy and our subsidiaries,which is the same as that o

8、f the annual report issued by Farasis Energy.Unless otherwise stated,this report is denominated in CNY(renminbi).This report is the third ESG report released by Farasis Energy,covering the period from January 1st,2024 to December 31st,2024.In order to enhance the readability of the report,some of th

9、e contents or data have been backdated to previous or subsequent years.For the convenience of expression and reading,“Farasis Energy”,“we”and“the Company”in this report refer to Farasis Energy(Ganzhou)Co.,Ltd.and our subsidiaries,such as Farasis Energy(Zhenjiang)Co.,Ltd.Reporting PrinciplesAccess to

10、 This ReportThis report is ultimately compiled by identifying important stakeholders,analyzing and rating materiality issues related to environment,society and governance,making decisions on the scope of the report,as well as collecting,summarizing,organizing,and reviewing relevant data and material

11、s in the preparation process.The following standards and requirements were referred to in the preparation of this report.This report is published in both electronic and printed formats.In case of conflicts,the Chinese version shall prevail.You can access the electronic version of this report through

12、 the following website:https:/ can contact us as follows:Shanghai Stock Exchange,Guidelines No.14 of Shanghai Stock Exchange for Self-Regulation of Listed CompaniesSustainability Report(Trial)Shanghai Stock Exchange,Guidelines No.4 of Shanghai Stock Exchange for Self-Regulation of Listed Companies P

13、reparation of Sustainability ReportsGlobal Sustainability Standards Board(GSSB),GRI StandardsUnited Nations Sustainable Development Goals(SDGs)International Organization for Standardization,ISO 26000:Guidance on Social Responsibility(2010)Phone:0797-7329849E-Mail:farasisIR;0304About This ReportAbout

14、 Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportAbout Farasis EnergyFarasis Energy(Stock Code:688567)is one of the leading companies in the global pouch battery industry and one of the first companies in China to achieve mass production of terna

15、ry pouch batteries.We are committed to the mission of providing green energy and building a smart world,integrating sustainable development into our daily work,processes,and details,and actively fulfilling our economic,ecological,and social responsibilities on a global scale.At different stages of e

16、nergy development,we have leveraged our strong R&D and manufacturing capabilities to create clean energy solutions that meet human needs and lead industry development.Currently,we are rapidly developing in application areas such as transportation,energy storage,equipment,and energy Internet of Thing

17、s,focusing on the greening of energy and the electrification of transportation.Currently,we have established long-term strategic cooperative relationships with well-known domestic and international original equipment manufacturers(OEMs),jointly promoting the achievement of sustainable development go

18、als.Through the carbon neutrality of mobile travel and energy use,we are committed to building a more sustainably developed world.We provide the world with leading clean energy products and services,promoting the sustainable development of human society and powering a better life for humanity.Lookin

19、g ahead,Farasis Energy will start from the new energy vehicle and energy storage markets,and gradually expand into the smart energy market.Company Profile Corporate CultureDedicate to technology innovation,lead energy transformation,promote a better life for mankindWe focus on technology learning an

20、d innovation and ensure sufficient investment in R&D as well as talent training.This allows us to maintain our leading position in the industry and we keep track of changes in laws,regulations,and policies related to the energy sector,thereby contributing to the landscape of energy transformation.Pr

21、ovide clean energy,build an intelligent worldTo achieve environmental protection goals and reduce carbon emissions,we assume the mission of providing green energy and strive to meet domestic,international,and industry standards as well as customer requirements in every aspect of research,production,

22、and sales.Innovation and entrepreneurship for win-win cooperationWe adhere to the principles of mutual respect,honesty,and humility,as well as collaborative equality,in internal communication and interactions with external partners.Abiding by rules,regulations,and procedures,we foster a working atmo

23、sphere of seamless communication,unity,and forward momentum in our company.Showing respect to our competitors and valuing our customers,we continuously enhance product safety and quality,uphold fair competition,and eliminate corruption in the market.Our visionOur missionOur spiritFocusing on the R&D

24、,production,and sales of lithium-ion batteries and battery systems for new energy vehicles,Farasis Energy lays out a core market with green mobility and smart energy,while actively expanding into emerging markets for particular industry applications.Products and BusinessesOur PartnersFarasis Energy

25、is currently implementing several cutting-edge technology developments targeting the future direction of battery development,including semi-solid/solid-state lithium-ion battery technology,sodium-ion battery technology,high-energy-density power battery cell technology,new chemical and electrochemica

26、l system energy storage technology,and cathode and anode material R&D technology.Adhering to the technology research and development concept of one generation in production,one generation in reserve,and one generation in development,Farasis Energy has currently mass-produced batteries with an energy

27、 density of 285Wh/kg.The 400Wh/kg cell is in the process of industrialization,and the full solid-state battery under development can reach an energy density of 500Wh/kg.Our Products and Applications共創共贏08商用業務新興業務乘用業務電動飛機CellModuleBMSPackElectric AircraftCommercial VehiclePassenger VehicleEmerging Bu

28、sinesses0506About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportLeveraging its profound technical accumulation and forward-looking market layout,Farasis Energy has demonstrated extensive application scenarios across multiple fi

29、elds.Farasis Energy has built a 4+1 production site layout to ensure the supply of power batteries to our global customers.In 2024,we have been actively promoting the construction of two major sites,with the Ganzhou New Energy Site and the Guangzhou Site gradually taking shape.The Ganzhou New Energy

30、 Site,as the first site for our SPS products,will have a capacity of 30GWh upon completion.The project is divided into two phases.Phase one,which will have a capacity of 15GWh upon completion,has gradually entered mass production in October 2024.The Farasis Energy Guangzhou 30GWh power battery produ

31、ction Site is located in the Knowledge City of Huangpu District,Guangzhou.By the end of 2024,the Guangzhou Site had built a capacity of 15GWh,mainly featuring the LFP(lithium iron phosphate)system.It is also compatible with ternary,sodium-ion,liquid,semi-solid,and solid-state batteries.The PACK fact

32、ory began trial production in June 2024,and some production lines were put into operation in the first quarter of 2025,with the capacity utilization rate in the ramp-up stage.Our Business and Layout30GWh30GWh5GWh24GWhSiroGanzhou New Energy SiteGuangzhou SiteGanzhou SiteZhenjiang SiteTrkiye Site2024

33、MilestonesFarasis Energy signed a new energy cooperation agreement with FAW Jiefang,committed to jointly promoting the market and industrial chain development of semi-solid and solid-state batteries for commercial vehicles.Farasis Energys Super Pouch Solution(SPS)was officially launched with Geely R

34、adar Horizon as its first mass-produced vehicle model.The first global strategic model of Aion,the second-generation AION V(King Dragon),equipped with Farasis Energys star product Super Pouch Solution(SPS),was globally launched.Jiangling Group New Energy and Farasis Energy signed a strategic coopera

35、tion on solid-state batteries,and the SPS battery pack for the Yi Chi 05 model was launched.Farasis Energy made its debut in Southeast Asia by participating in the“Asiabike Jakarta 2024”and“INAPA 2024”exhibitions.It reached strategic cooperation on power batteries with Southeast Asian battery swap s

36、olution provider Moli Power and Indian Ingar,promoting the electrification of passenger vehicles and two-wheelers in Southeast Asia,and supporting energy conservation,emission reduction,and industrial chain upgrading.The first overseas model equipped with Farasis Energys Super Pouch Solution(SPS)in

37、Southeast Asia,Geely Radar Horizon,was officially launched in Thailand.Farasis Energy was honored to be listed on the 2024 China Sodium-ion Battery Annual Competitiveness Brand TOP10,jointly released by EVTank,Hailong Network,Battery Network,Ivi Economic Research Institute,and China Battery Industry

38、 Research Institute.Farasis Energy was recognized for its sodium-ion batteries high energy density,strong low-temperature performance,and outstanding market performance.The first pack of the trial production at Farasis Energy Guangzhou Site was launched.On March 1stOn June 29thOn October 29thIn Nove

39、mberOn July 23rdOn September 29thFrom April 30th to May 15thOn April 23rdElectric TrucksElectric MarineElectric Two-WheelersPassenger VehiclesPerformance VehiclesBusesConstruction EquipmentCommercial and Industrial Energy StorageeeVTOL0708About This ReportAbout Farasis EnergyESG ManagementCorporate

40、GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportAwards and HonorsFieldAwarding unitAwardGovernanceSci-Tech Innovation Board Daily&CAixin,etc.Best ESG Company on the STAR Market in 2024Shenzhen Jumen Finance Technology Co.,Ltd.Best Investor Relations Data Award for Communication and I

41、nteraction in Jumen Finances 2024 Annual ListShanghai British Chamber of CommerceFinalist for the Green Supply Chain Award at the 2nd Annual ESG AwardsEnvironmentalJiangxi Provincial Department of Industry and Information TechnologyJiangxi Green Manufacturing Enterprise of 2024Ministry of Industry a

42、nd Information Technology of the Peoples Republic of ChinaNational Green Manufacturing Factory of 2024SocialS&P GlobalListed in S&P Globals Sustainability Yearbook(China Edition)2025Jiangxi Provincial Ankang Cup Competition Organizing Committee OfficeNational Ankang Cup Competition Outstanding UnitJ

43、iangxi Provincial Federation of Industry and CommerceJiangxi Private Enterprise Social Responsibility Excellence Case of 2024Jiangxi Provincial Federation of Trade UnionsJiangxi May 1st Labor AwardJiangxi Provincial Department of Industry and Information Technology OfficeOutstanding Unit in Jiangxi

44、Industrial Cybersecurity Emergency Drill of 2024China Automotive Power Battery Industry Innovation AllianceMost Promising EnterpriseQidian Lithium Battery,Qidian Sodium Battery,Qidian Charging and Swapping Platform2024 China Two-Wheeler Lithium Battery TOP10 Brand AwardGanzhou Intellectual Property

45、OfficeOutstanding Award at the First Ganzhou High-Value Patent Conversion CompetitionJiangxi Provincial Peoples GovernmentJiangxi Science and Technology Award-Second Prize for Technological Progress(Ganzhou)Jiangxi Provincial Peoples GovernmentJiangxi Science and Technology Award-Second Prize for Te

46、chnological Progress(Zhenjiang)Jiangxi Provincial Federation of Industry and CommerceRanked 13th in Jiangxi Top 100 Private EnterprisesFieldAwarding unitAwardSocialJiangxi Provincial Federation of Industry and CommerceRanked 11th in Jiangxi Top 100 Manufacturing Private EnterprisesJiangxi Provincial

47、 Department of Science and TechnologyJiangxi Leading Technology Enterprise of 2024Jiangsu Provincial Department of Industry and Information TechnologyJiangsu Four-Star Cloud EnterpriseJiangsu Provincial Certification AgencySecond Batch of High-Tech Enterprises in 2024Jiangxi Provincial Department of

48、 Industry and Information TechnologyOutstanding Response Unit in Jiangxi Industrial Cybersecurity Attack-Defense Drill of 2024Jiangxi Provincial Department of Science and Technology,Jiangxi Provincial Department of Finance,Jiangxi Provincial Taxation BureauNational High-Tech Enterprise51jobOutstandi

49、ng EmployerLiepinExtraordinary Employer Award of 2024DEKRADEKRA ISO 26262 Functional Safety Product CertificationAutomotive Business ReviewFarasis Energys Long-Cycle High-Loading Silicon Anode Battery Technology Won the 9th Lingxuan AwardJiangxi Provincial Health and Family Planning CommissionGanzho

50、u Healthy EnterpriseGaogong Lithium BatteryPioneer in the 2024 Sodium Battery MarketEVTank,Haire,Battery Network,IVIE,China Battery Industry Research InstituteListed in 2024 China Sodium-Ion Battery TOP10 Competitiveness Brand and 2024 China Solid-State Battery TOP10 Competitiveness BrandGaogong Lit

51、hium BatteryLong-Cycle High-Loading Silicon Anode Battery Technology Won the Gaogong Golden Globe Award-Technology of the Year 20240910About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportESG ManagementFarasis Energy has deeply

52、embedded the concept of sustainability into its corporate culture,which is driven by innovation,entrepreneurship,collaboration,and shared success.Guided by its mission to provide green energy and build an intelligent world,the company remains committed to its long-term vision:focusing on technologic

53、al innovation,leading the energy transition,and powering a better life for humanity.In 2024,Farasis Energy systematically established a sustainability strategy framework under the guiding principle of EMPOWER.This framework encompasses 14 key focus areas and aligns comprehensively with the United Na

54、tions Sustainable Development Goals(SDGs),providing clear value direction for the companys long-term sustainable development.Sustainable Development FrameworkSustainable Development PhilosophySustainability Philosophy:EMPOWEREfficiencyEfficiency is the key to achieving sustainable development outcom

55、es.Through technological innovation,the company enhances energy efficiency and minimizes waste,driving both environmental and economic benefits.PartnershipCollaboration serves as the bridge to long-term sustainable development.By working closely with various partners,the Company promotes the applica

56、tion and influence of new energy technologies,fostering a shared vision for sustainable growth.Eco-friendlyEcology is a prerequisite for sustainability.The Company adopts eco-friendly practices in its operations,supporting ecosystem sustainability and conserving natural resources.ManagementEffective

57、 management is the foundation of a sustainable development strategy.The Company ensures scientific,efficient,and controlled management practices throughout development,production,and commercialization,optimizing decision-making processes and execution capabilities.Well-being Well-being is the ultima

58、te goal of sustainability.The Company prioritizes the well-being of employees,communities,and consumers,creating broader social benefits and improving quality of life.OwnershipResponsibility is the driving force behind sustainability.The Company actively fulfills its social responsibilities by inves

59、ting in rural revitalization and community development,engaging with and responding to societal concerns.ResilienceResilience is a core capability for sustainable development.By strengthening its ability to navigate external challenges,the Company continuously enhances adaptability and growth,ensuri

60、ng long-term business stability.Faresis Energy Sustainability Strategy HouseEfficiencyDedicate to technology innovation,lead energy transformation,promote a better life for mankind.Provide clean energy,build an intelligent worldInnovation and entrepreneurship for win-win cooperationMissionSpiriPhilo

61、sophyCorporate GovernanceEnvironmentSocietyManagementPartnershipOwnershipWell-beingEco-friendlyResilienceSustainability CulturePhilosophyKey Focus AreasResilient Operations Climate Change Response Product Quality Information SecurityOccupational Health&Safety Research&Innovation Labor&Human Rights R

62、esponsible Procurement Community EngagementEnvironmental Management Resource Management Circular Economy Biodiversity Business Ethics 1112About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportFarasis Energy continuously enhances

63、the ESG sustainability framework by establishing a three-tier governance structureDecision-making Level,Management Level,and Execution Levelunder the overall leadership of the General Manager.This structure ensures the effectiveness,scientific rigor,and regulatory compliance of ESG governance throug

64、h strategic planning and institutional mechanisms.Sustainable Governance StructureDecision-making LevelManagement LevelExecutive LevelGeneral ManagerESG Committee12345ESG Working Group(Secretariat)ESG PracticeProduction SitesDepartments+Farasis Energy ESG Governance StructureIn 2024,the Company cont

65、inues to strengthen ESG training and capacity-building programs,covering senior management,departmental representatives,and ESG coordinators at operational sites.These efforts aim to enhance ESG management expertise,deeply integrate ESG principles into corporate strategy and daily operations,and dri

66、ve the achievement of sustainable development goals.Decision-making LevelManagement LevelExecution LevelLed by the General Manager,this level holds overall ESG oversight responsibilities.It is responsible for approving the companys ESG strategy and objectives,identifying ESG risks and opportunities,

67、formulating response plans,and reviewing ESG disclosures.Chaired by the General Manager,the ESG Management Committee consists of Vice Presidents and heads of primary departments.This level identifies,analyzes,and evaluates ESG risks and opportunities;leads the integration of ESG strategy with corpor

68、ate strategy;establishes ESG objectives and plans;formulates ESG policies and performance evaluation mechanisms;and provides strategic recommendations to the General Manager.ESG Working Group(Secretariat Office)Departments and SitesComprising representatives from various departments and operational

69、sites,this group coordinates ESG execution.A designated lead department oversees the implementation of ESG decisions made by the management team,monitors ESG-related projects,develops ESG strategies,sets realistic ESG objectives and plans,and ensures the integration of ESG initiatives across all bus

70、iness functions and locations.Serving as implementation units,departments and Sites execute ESG-related decisions,track daily ESG-related activities,collect and consolidate ESG data,and provide critical information for decision-making.111211121314About This ReportAbout Farasis EnergyESG ManagementCo

71、rporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportMateriality AnalysisIn 2024,the Company conducted an ESG materiality assessment targeting key stakeholders,including board members,shareholders and investors,senior management,department heads,employees,customers,partners,govern

72、ment and regulatory bodies,and community partners.A total of 377 valid responses were collected during this assessment.Compared to the 2023 materiality assessment,this years evaluation was fully aligned with the 21 topics outlined in the Guidelines No.14 of Shanghai Stock Exchange for Self-Regulatio

73、n of Listed CompaniesSustainability Report(Trial).Additionally,adjustments and refinements were made to reflect the companys specific circumstances.A total of 29 topics were evaluated based on their material impact on Farasis Energy,leading to the identification of the 2024 Materiality Matrix.Materi

74、ality Assessment ProcessMateriality MatrixEnvironmentalGovernanceSocial Environmental Compliance Management Waste Management Energy Utilization Pollutant Emissions ESG Governance Tax Transparency Anti-Unfair Competition Innovation-Driven Development Product and Service Safety and Quality Employee Co

75、mpensation and Benefits Data Security and Customer Privacy Protection Climate Change Response Circular Economy Water Resource Utilization Ecosystem and Biodiversity Protection Anti-Bribery and Anti-Corruption Due Diligence Stakeholder Communication Customer Rights Protection Employee Health and Safe

76、ty Protection of Statutory Labor Rights Employee Complaints and Communication Channels Employee Training and Capability Building Responsible Procurement Supply Chain Security Technology Ethics Equal Treatment of SMEs Social Contribution Rural RevitalizationFarasis Energy 2024 Material IssuesFarasis

77、Energy Materiality Assessment ProcessFarasis Energy 2024 Materiality Matrix010203Identification of Material IssuesPrioritization of Material IssuesReview and ApprovalThe Company has conducted an in-depth analysis of external laws and regulations as well as supervisory policies,combined with industry

78、 best practices,annual development plans,sustainable development strategies,and the focus points of stakeholders and expert assessments,to identify the material sustainability issues that have a significant impact on Farasis Energy and its stakeholders.Based on the ESG strategy,the Company conducted

79、 an anonymous questionnaire survey among internal and external stakeholders to identify the core issues that are most important and require priority management for Farasis Energy this year.The results were then prioritized in conjunction with expert assessments.T h e C o m p a n y s s e n i o r mana

80、gement reviewed and approved the assessment process and results of the m a t e r i a l i t y i s s u e s.T h e assessment results were then disclosed internally within the company to ensure that they are fundamentally in line with the companys actual situation,its ESG strategy,and the requirements o

81、f domestic and international ESG information disclosure standards.Innovation-Driven Development Product and Service Safety and Quality Employee Compensation and Benefits Customer Rights Protection Tax Transparency Anti-Unfair Competition Due Diligence Anti-Bribery and Anti-Corruption Stakeholder Com

82、municationResponsible Procurement Technology Ethics Social Contribution Rural Revitalization Employee Health and Safety Protection of Statutory Labor Rights Data Security and Customer Privacy Protection Environmental Compliance Management Waste Management Pollutant Emissions Circular Economy Water R

83、esource Utilization Ecosystem and Biodiversity Protection Importance to the CompanyImportance to StakeholdersClimate Change Response Employee Complaints and Communication Channels Employee Training and Capability Building Equal Treatment of SMEs Responsible ProcurementEnergy Utilization ESG Governan

84、ce 1516About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportSustainable Risk ManagementFarasis Energy has identified key issues of significant importance to both the company and its stakeholders.The Company has comprehensively i

85、nitiated risk forecasting and opportunity identification processes to assess the impact of these issues on daily operations and the value chain,ensuring decision-making remains forward-looking and scientifically sound.In terms of information disclosure,the Company prioritizes the annual management m

86、easures for key issues,providing stakeholders IssuesImpact ScopeImpact natureAffected stakeholdersRiskOpportunityDisclosure locationSDGsEnvironmental Compliance Management RegulatorIncreasingly stringent environmental regulations require companies to invest more resources to ensure compliance,or fac

87、e the risk of heavy fines,legal action,and even production shutdowns or market bans.By strengthening environmental compliance management,enterprises can improve their own image,but also help to promote enterprise technology upgrading and management innovation and green development of the industry.En

88、vironment:Environmental compliance managementWaste Management Regulator CommunityImproper waste disposal may cause environmental pollution,legal risks and reputational damage,while increasing the operating costs of enterprises.Effective waste management can reduce environmental pollution,and long-te

89、rm compliance management can improve the reputation and image of enterprises.Environment:efficient use of resourcesEnergy Utilization Regulator Supplier ClientLow energy efficiency will increase the production cost of enterprises,and high energy consumption may lead to risks when energy supply is ti

90、ght.By improving energy efficiency,enterprises can reduce production costs,while helping to achieve energy conservation and emission reduction targets,improve corporate image.Environment:Addressing climate changePollutant Discharge Regulator CommunityExceeding the emission standards will be punished

91、 by environmental protection authorities,and may cause dissatisfaction in surrounding communities and affect the reputation of enterprises.Strict control of pollutant discharge can help enterprises to establish a good environmental image,but also help promote enterprise technology upgrading and mana

92、gement innovation.Environment:efficient use of resourcesAddressing Climate Change Regulator Supplier ClientPhysical and transition risks from extreme weather and natural disasters caused by climate change may lead to losses of own assets,increased costs due to supply chain disruptions,etc.We will ac

93、tively respond to climate change,achieve long-term and stable energy supply through technological upgrading for energy conservation,achieve targets for energy conservation and emission reduction,and reduce production costs.Environment:Addressing climate changeCircular Economy Supplier ClientThe deve

94、lopment of circular economy requires enterprises to invest a lot of capital and technology,which may be difficult to see obvious benefits in the short term.Through the development of circular economy,enterprises can realize the efficient use of resources,continuously improve the recycling and recycl

95、ing ratio of products,and reduce production costs.Environment:circular economy and green productsWater Resources Utilization Community EmployeeWater shortage may affect the normal production and operation of enterprises,and water pollution may also affect enterprises.By optimizing water use,companie

96、s can reduce the cost of water and contribute to achieving sustainable development goals.Environment:efficient use of resourcesEcosystem and Biodiversity Conservation CommunityCorporate activities can cause damage to ecosystems and biodiversity,leading to legal risks and reputational damage.By stren

97、gthening the protection of ecosystems and biodiversity,we can improve the efficiency of ecological protection and contribute to biodiversity conservation.Environment:ecosystem and biodiversity conservationInnovation-driven Supplier ClientInnovation requires enterprises to invest a lot of capital and

98、 manpower,which may be difficult to see obvious benefits in the short term.At the same time,innovation is accompanied by certain technical risks and market risks.Through innovation drive,enterprises can enhance their competitiveness,realize technology upgrading and product innovation,and help enterp

99、rises to explore new markets and improve economic benefits.Social:R&D and innovationProduct and Service Safety and Quality Regulator Supplier ClientProduct and service safety and quality problems can cause legal risks and reputational damage,as well as increase the operating costs of enterprises.By

100、improving the safety and quality of products and services,enterprises can enhance their own image,but also help enterprises to establish a good brand reputation.Social:Product and service assuranceEmployee Compensation and Benefits EmployeeUnreasonable employee compensation and welfare system may ca

101、use employee dissatisfaction,affect the stability of the enterprise and production efficiency.By optimizing the compensation and welfare system of employees,enterprises can improve employee satisfaction and loyalty,enhance corporate cohesion,and help enterprises attract and retain talents.Social:emp

102、loyee rights and growthData Security and Customer Privacy Protection Regulator Supplier ClientIrregular management of data and customer privacy will lead to data leakage,bring compliance risks,cause fines or lawsuits,and reduce customer trust.By actively taking data protection measures,we can gain r

103、ecognition and support from all sectors of society,so as to better utilize the value of data.Social:Data security and privacy protectionCustomer Rights protection ClientPoor protection of customer rights and interests may lead to a decline in customer trust,affecting the companys brand reputation an

104、d market share.By strengthening the protection of customer rights and interests,the Company can improve customer satisfaction and loyalty,enhance brand competitiveness.Social:Product and service assuranceEmployee Health and Safety EmployeeAccidents and occupational diseases in the workplace can lead

105、 to health damage of employees,increase compensation costs for enterprises,and affect production efficiency.Effective health and safety management can reduce the cost of operating a business by reducing downtime,medical costs and compensation expenses caused by accidents and work-related injuries.So

106、cial:employee rights and growthwith clear and accurate information to enhance trust and collaboration.In practice,the Company strengthens comprehensive management of these issues,closely monitors potential risks,and ensures timely responses.At the same time,it actively captures development opportuni

107、ties to drive continuous progress and achieve sustainable growth.Upstream OperationsPositiveNegativeDownstream1718About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportIssuesImpact ScopeImpact natureAffected stakeholdersRiskOppor

108、tunityDisclosure locationSDGsLegal protection of employees labor rights and interests EmployeeIf the Company fails to protect the rights and interests of employees according to law or fails to provide necessary labor protection,it may lead to an increase in labor disputes between employees and enter

109、prises,which will affect the reputation and operational efficiency of enterprises.By improving the labor rights protection mechanism,Farasis Energy can reduce the legal risks and economic losses caused by labor disputes and maintain the stable operation of the enterprise.Social:employee rights and g

110、rowthemployee appeals and communication EmployeePoor communication or untimely complaint handling may lead to a decline in employees trust and satisfaction with the company,affecting team cohesion and work efficiency.By establishing an effective appeal and communication mechanism,Farasis Energy can

111、solve employees problems in a timely manner and enhance their trust and sense of belonging to the company.Social:employee rights and growthemployee training and capacity building EmployeeIf the training content cannot meet the actual work needs of employees,it may lead to poor training effect,waste

112、resources,and affect employees enthusiasm for training.Through training,the Company can better manage and develop human resources,improve employees career development path,optimize talent structure.Social:employee rights and growthResponsible Procurement SupplierNon-compliance by suppliers,such as t

113、he use of conflict minerals and violations of labor rights,could affect the reputation and supply chain stability of Farasis Energy.By implementing responsible sourcing,companies can improve supply chain transparency,enhance their relationships with suppliers,and drive suppliers to improve ESG perfo

114、rmance,thereby ensuring a stable supply of raw materials and improving quality.Social:Building sustainable supply chainsSupply Chain Security SupplierSecurity loopholes in the supply chain may lead to raw material supply interruption,production delays,and even product delivery,increasing operational

115、 risks for enterprises.Strengthening supply chain safety management can improve the stability and resilience of supply chains,reduce the risk of production interruption caused by security issues,and improve the overall operational efficiency and market competitiveness of enterprises.Social:Building

116、sustainable supply chainsEthics in Science Regulator Community ClientIn the process of technological innovation,it may face scientific and technological ethical issues such as data privacy protection and algorithmic bias,which will lead to legal risks and reputational losses.Adhering to the principl

117、es of science and technology ethics will help enhance the trust of consumers and partners,promote the sustainable development of the company in the field of science and technology,and contribute to the improvement of global AI governance.Social:R&D and innovationEqual Treatment of SMEs SupplierIn th

118、e cooperation with small and medium-sized enterprises,there may be problems of poor communication and unequal cooperation,which affect the effect of cooperation and corporate reputation.Treat small and medium-sized enterprises equally can expand the partner network of Farasis Energy,promote innovati

119、on and resource sharing,and enhance the market competitiveness and industry influence of enterprises.Social:Building sustainable supply chainsrural Revitalization Regulator CommunityRural revitalization projects may face problems such as large capital input and long return cycle,which will increase

120、the financial pressure on enterprises.Actively participating in rural revitalization will help the company enhance its sense of corporate social responsibility,enhance brand reputation,and may obtain government policy support and market opportunities.Social contribution and rural revitalizationSocia

121、l Contribution Regulator CommunitySocial welfare activities may face problems such as uneven resource allocation and insignificant effect,which will affect the social image of enterprises.Through social contribution activities,the Company can enhance its corporate social image,enhance employee cohes

122、ion,and may obtain support and recognition from all sectors of society.Social contribution and rural revitalizationESG Governance Regulator Supplier ClientInadequate ESG governance may lead to risks in environmental,social and corporate governance aspects of enterprises,which will affect the sustain

123、able development of enterprises.Strengthening ESG governance will help Farasis Energy improve its corporate governance level,enhance investor confidence and promote sustainable development of the company.ESG management:sustainable governance structureTax Transparency RegulatorTax opacity may lead to

124、 tax compliance risks for enterprises,increasing tax costs and legal risks.Maintaining tax transparency can help companies improve their corporate reputation,reduce tax risks and enhance trust with tax authorities and investors.Corporate governance:scientific and standardized governanceAnti-unfair C

125、ompetition Shareholdersand investors Regulator clientUnfair competition may damage the companys market position and reputation,increase legal risks,cause litigation or administrative penalties.Adhering to anti-unfair competition is helpful to build a fair market environment for competition,maintain

126、the trust relationship between the company and customers,and promote the steady development of the company.Corporate governance:adhere to business ethicsAnti-commercial Bribery and Anti-corruption Shareholdersand investors RegulatorBusiness bribery and corruption may bring significant economic costs

127、,legal consequences and operational risks to the company.Strengthening anti-commercial bribery and anti-corruption management will help companies improve their compliance level,optimize internal management,and improve management efficiency and transparency.Corporate governance:adhere to business eth

128、icsresponsible Investigation Client CommunityInadequate due diligence may lead to risks in investment,cooperation and other aspects of the enterprise,which will affect the decision-making of the enterprise.Through comprehensive due diligence,companies can reduce investment and cooperation risks,impr

129、ove the quality of decision-making,and protect corporate interests.Social:Building sustainable supply chainsStakeholder Communication All stakeholdersPoor communication with stakeholders can lead to misunderstandings and conflicts,which can affect the reputation of the enterprise and its cooperative

130、 relationship.Strengthening stakeholder communication will help companies improve transparency,enhance trust,promote cooperation and promote sustainable development.ESG management:stakeholder communicationUpstream OperationsPositiveNegativeDownstream1920About This ReportAbout Farasis EnergyESG Manag

131、ementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportStakeholder CommunicationFarasis Energy identifies the groups involved in its operations and business activities based on industry characteristics,products and services,mission,and vision.The Company has selected seven ke

132、y stakeholders:shareholders and investors,management,employees,government and regulatory agencies,customers,partners(suppliers,contractors,etc.),and StakeholdersStakeholder RepresentativesStakeholder ConcernsModes of Communication and EngagementShareholders and InvestorsGovernment and Regulatory Aut

133、horitiesManagement Investors Potential Investors Company operations and fundamentals Strategic development direction of the company Financial performance and market outlook Corporate governance and risk management capabilities Regular information disclosure Shareholders meetings Investor roadshows a

134、nd communication events Communication via telephone and email On-site factory visits Earnings briefing sessions Investor relations activities through new media platforms Governments and Regulatory Agencies at All Levels Shanghai Stock Exchange China Securities Regulatory Commission(CSRC)Legal and co

135、mpliant operations Climate change response and carbon neutrality Contribution to local economic and industrial development Regular information disclosure Participation in relevant meetings Engagement through industry associations and organizations Board Members Senior Management Department Heads Str

136、ategy execution and market competitiveness Efficient corporate management structure Profitability Regular work reports Management meetings Thematic training sessions Email communication Corporate WeChatEmployeesCustomersPartnersCommunity Partners General Employees Competitive compensation and benefi

137、ts Comprehensive training system Transparent career development pathways Occupational health and safety Party branches Labor union “Farasis Core”employee communication platform Email communication Corporate WeChat Employee suggestion box “Farasis Home”official WeChat account Domestic and Internation

138、al Customers Product quality and delivery capability Information security and privacy protection Green and low-carbon products Battery energy density and safety Pre-sales communication After-sales services Routine communication(e.g.customer visits)Third-party training Customer audits Suppliers Contr

139、actors Business Partners Technological strength and stable collaboration Fair,just,open,and transparent procurement environment Technology empowerment and industry development Market and sales support Supplier training On-site audits and communication Project collaboration Regular visits Communities

140、 Surrounding Company Facilities Universities and Research Institutions ESG Rating Agencies Media Industry Associations,etc.Contribution to sustainable community development Sharing in the companys development outcomes Reducing environmental impact Face-to-face communication Public welfare activities

141、 Complaint hotline Media briefings Regular communication and feedback Project collaboration Farasis Energys official website,WeChat account,and other public channelscommunity partners(media,industry organizations,social organizations).Farasis Energy actively establishes regular communication mechani

142、sms with these stakeholders,striving to create greater value for all parties involved.0101Corporate GovernanceSpotlight:Party Building Leadership:Setting a New Course for High-Quality Development23Scientific and Standardized GovernanceStrengthening the Risk Defense LineUpholding Business Ethics27333

143、5Farasis Energy adheres to the leadership of Party building,optimizes its corporate governance system,strengthens risk management,enhances transparency,upholds business ethics,and ensures the stable operation of the enterprise.Our Progress Number of Party member activities conducted:26 times,coverin

144、g 107 participants The companys tax credit rating is Grade A Established a global product compliance system and issued the Global Product Compliance Guidelines No major incidents involving suspected monopolies or unfair competition have occurredSupport SDGs2324About This ReportAbout Farasis EnergyES

145、G ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportThe Company has solidified its discipline learning and education.It has guided and urged its subordinate Party branches to strictly implement work requirements,formulate learning plans,and focus on studying the Reg

146、ulations on Disciplinary Punishments of the Communist Party of China.The Company has carried out the Learning Party Discipline and Guarding the Bottom Line campaign,creating a positive atmosphere of learning and competition.Party committee members have given eight lectures on the front line of produ

147、ction in the workshop,organized six centralized study sessions,and held four thematic seminars.The subordinate Party branches have identified 436 issues through self-inspection and comparison,formulated 451 corrective measures,and achieved a 100%rectification rate.The Company has deepened theoretica

148、l armament.It has thoroughly studied and implemented Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,the spirit of the Third Plenary Session of the 20th Central Committee of the Party,and the important instructions of President Xi Jinping on social work.The company has str

149、ictly implemented the first agenda system and the organizational life system,including three meetings and one class,organizational life meetings,and democratic evaluation of Party members.The Party committee secretary has given five Party classes,and the secretaries of each branch have given four Pa

150、rty classes,with more than ten exchanges and discussions organized for Party members.The Company has assisted in scientific decision-making.It has strictly implemented the responsibility system for ideological work,incorporating ideological work into the companys important agenda.The company has con

151、vened four Party committee meetings to study more than ten major company matters,combining the construction of the Party committees three major and one important decision-making system with the companys system construction.This has made the companys management decisions more scientific,standardized,

152、and democratic.Highlighting Political Leadership and Continuously Deepening Ideological Soul-CastingParty Committee members take the lead in preaching in the workshop production lineOrganize centralized learningSpecial seminartimestimestimes8642324Spotlight:Party Building Leadership:Setting a New Co

153、urse for High-Quality DevelopmentFarasis Energy firmly upholds the Partys program and insists on innovative development under the leadership of the Party.The company has deeply integrated Party building with corporate development,using Party building as a bond to gather a team of loyal,professional,

154、and innovative talents.It has established an efficient and harmonious corporate culture,ensuring that the company maintains a leading position in fierce market competition.On July 1,2024,the Companys Party Committee organized more than 50 Party members and positive applicants for Party membership to

155、 visit the Ganzhou Long March Theatre to watch the red situational musical and dance epic The Long March Suite,conducting the Remembering the Turbulent Years and Tempering the Steadfast Initial Aspiration themed Party Day activity.Remembering the Turbulent Years and Tempering the Steadfast Initial A

156、spiration Themed Party Day Activity2526About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportSince April 2024,the Companys Party Committee has been committed to advancing the work of Party discipline learning and education.Under

157、the guidance and supervision of the Party Committee,the subordinate Party branches have strictly implemented the work requirements,formulated learning plans,and focused on studying the Regulations on Disciplinary Punishments of the Communist Party of China.They have also launched the Learning Party

158、Discipline and Guarding the Bottom Line campaign to create a positive atmosphere of learning and competition.The Party Committee members have given eight lectures on the production front line of the workshop,organized six centralized study sessions,and held four thematic seminars.A total of four art

159、icles on Party discipline learning and other Party building topics have been published.The subordinate Party branches have identified 436 problems through self-inspection and comparison,formulated 451 corrective measures,and achieved a 100%rectification rate.The total number of Party member activiti

160、es held isThe Party Committee members have given 8 lectures on the production front line of the workshopHeld 4 thematic seminarsA total of 4 articles on Party discipline learning and other Party building topics have been publishedOrganized 6 centralized study sessionsThe company hasThe company has e

161、stablishedThe total number of participants covered by Party member activities isThe total number of Party members isThe total number of new Party members added isGeneral Party BranchParty Branches261410725107Taking Multiple Measures to Promote the Implementation of Party Discipline Learning and Educ

162、ation2526Deepening Party Organization Construction.The Company has strengthened its three-tier party organization structure of“Party Committee+General Branch+Branches,”and implemented the“dual-entry and cross-appointment”system between the party organization leadership and the management team.All me

163、mbers of the Party Committee are senior and middle-level managers of the company,achieving a 100%cross-appointment rate.Grasping Party Member Education and Management.In 2024,the Company recruited 3 new Party members,nurtured 17 positive applicants for Party membership,and completed the transfer of

164、organizational relationships for 25 migrant Party members.Throughout the year,12 themed Party Day activities for Party members were organized.Focusing on Practical Matters and Solving Difficult Problems.The Company actively implements the“Four Must-Talks and Five Must-Visits”initiative and has launc

165、hed a hotline called“Seeking Help from Party Organizations.”A total of over 100 suggestions and opinions have been received,with a 100%closed-loop implementation rate.The company has also built a staff home and a staff library.Regular activities such as assisting employees in difficulty and the“Fuwa

166、s Journey to School”program are carried out.The establishment of“aid workshops”and a special fund for love has provided a total of 350,000 CNY in love funds to 41 families.Actively Carrying Out Volunteer Service Activities.The Company has conducted 12 volunteer service activities throughout the year

167、.It has visited places such as the Zhenai Nursing Home in Ganzhou,the Ganzhou Childrens Welfare Institute,and the“Childhood Haven”in Xiejiacun,Sanjiang Township,to carry out the“Volunteer in Heart,Willingness in Action”series of activities.For five consecutive years,the company has provided financia

168、l assistance to Sanjiang Township,with a total donation amounting to 157,400 CNY.Exerting the Vanguard and Model Role of Party Members.The Company actively leverages the role of the“Provincial Party Representative Studio,”establishing 38“Party Member Vanguard Posts”and 6“Party Member Responsibility

169、Zones”in the production workshops.Throughout the year,125 key projects were advanced,48 types of battery cell materials were developed,technical solutions were provided for 25 product projects,and 15 technical invention patents were awarded.Continuously Strengthening Branches on Projects.In the Ganz

170、hou New Energy Battery Project,where time is of the essence and efficiency is crucial,the companys Party Committee joined forces with the project team.Through forms such as Party building thematic meetings and Party member assault teams,they provided a strong organizational guarantee for the project

171、s progress,truly realizing the concept of“branches on projects.”In January,the first production line was ready for material input;in March,the production line was debugged;in May,the first SPS mass production trial product was launched.Currently,the project has the capability to deliver orders.Condu

172、cting the“Five Small”Activities.Led by the Party Committee,the company carried out the“Five Small”rationalization suggestion collection and a“reward-based essay”campaign.A total of over 3,238 suggestions were collected,with 75%being adopted and implemented.Actively Creating Party Building Brands.In

173、2024,the Company introduced the“Five-Line Working Method”of the Farasis Energy Party Committee(organizational leadership on the front line,Party member dedication on the front line,talent development on the front line,role model establishment on the front line,and caring support on the front line).T

174、he experience and practices titled Farasis Energy:Playing the Five-Line Score and Singing the Duet of Party Building and Development were published by Xinhua News Agency.Strengthening the Organizational Foundation and Consolidating the Basis of Party WorkFocusing on Core Business Priorities and Prom

175、oting Deep Integration of Party Building and Production2728About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportScientific and Standardized GovernanceFarasis Energy adheres to scientific governance principles and operates its Bo

176、ard of Directors,Board of Supervisors,and Shareholders Meetings(the three meetings)efficiently and transparently.The Company places great importance on investor relations by ensuring timely information disclosure and interactive communication,thereby safeguarding investor rights and promoting sustai

177、nable corporate development.Farasis Energy strictly complies with the Company Law of the Peoples Republic of China,the Securities Law of the Peoples Republic of China,the Code of Corporate Governance for Listed Companies,and the Listing Rules of the STAR Market of the Shanghai Stock Exchange.In alig

178、nment with these requirements,the Company has established a comprehensive set of internal regulations,including the Articles of Association of Farasis Energy(Ganzhou)Co.,Ltd.,the Rules of Procedure for the Shareholders Meeting,the Rules of Procedure for the Board of Directors,and the Rules of Proced

179、ure for the Board of Supervisors.These frameworks form a well-defined and balanced corporate governance structure composed of the Shareholders Meeting,the Board of Directors,and the Management,ensuring clear responsibilities and checks and balances.A fair and scientific decision-making mechanism has

180、 been put in place to ensure the effectiveness of corporate governance decisions.The Board of Directors has established five specialized committees:the Audit Committee,the Strategy Committee,the Nomination Committee,the Remuneration and Appraisal Committee,and the Technology and Product Committee.Ea

181、ch committee performs its respective duties,fully contributing to sound decision-making and effective supervision.Standardized Operation of the“Three Meetings”In 2024,Farasis Energy lawfully convenedIn addition,the Company heldShareholders MeetingsBoard MeetingsNomination Committee MeetingsRemunerat

182、ion and Appraisal Committee MeetingSpecial Meeting of Independent DirectorsSupervisory Board MeetingsAudit Committee Meetings21022154Board of SupervisorsShareholders MeetingBoard of DirectorsStrategy CommitteeAudit CommitteeRemuneration and Evaluation CommitteeNomination CommitteeTechnology and Prod

183、uct CommitteeCorporate Governance Structure of Farasis EnergyThe Company takes into full consideration factors such as industry experience,background,and gender in the composition of its Board of Directors,aiming to ensure an optimized,diverse,and independent board structure.In 2024,Farasis Energy a

184、ctively organized training sessions for the Board of Directors and senior management,covering topics such as shareholder rights and compliance requirements for directors,supervisors,and executives.Legal experts were invited to provide explanations and address specific questions.In addition,the Compa

185、ny participated in four offline training sessions organized by the Jiangxi Listed Companies Association,which focused on financial supervision,audit regulation,annual report preparation guidelines,amendments to the Company Law,and reforms to the independent director system.Board Diversity and Indepe

186、ndenceIn 2024,the Board of Directors of Farasis Energy consisted of 11 members:Board Members Professional BackgroundBoard IndependenceCurrent members of the Board of Directors possess professional expertise across a wide range of fields,including batteries,chemical engineering,business administratio

187、n,strategic management,law,finance,and investment.All members have extensive industry experience and the skills and competence required to effectively perform their duties.Independent directors play a critical role in corporate governance by providing independent and objective opinions on major corp

188、orate matters at Shareholders Meetings,Board Meetings,and specialized committees.Among the 11 board members,7 are non-independent directors and 4 are independent directors,accounting for 36.36%of the board.This composition significantly enhances the professionalism and scientific rigor of the compan

189、ys decision-making processes.By educational backgroundBy age groupBy independenceBy professional background(among independent directors)8 members hold doctoral degrees or above5 members are aged 4049 4 independent directors2 with industry-related backgrounds3 with risk management expertise2 with acc

190、ounting or financial backgrounds7 non-independent directors4 are aged 50592 are aged 60 or above2 hold masters degrees1 holds a bachelors degree2930About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportFarasis Energy strictly com

191、plies with the Company Law of the Peoples Republic of China,the Securities Law of the Peoples Republic of China,and the Guidelines for Investor Relations Management of Listed Companies.In accordance with these regulations,the Company has formulated and implemented internal policies such as the Inves

192、tor Relations Management Measures and the Information Disclosure Management Measures to ensure effective investor relations management and promote constructive interaction with investors.To protect the rights and interests of minority shareholders,the Company continuously optimizes its information d

193、isclosure mechanism,enhances transparency,and actively engages with small and medium investors through channels such as the investor service hotline and the SSE“E-Interaction”platform,ensuring their right to information is fully protected.Strengthening Investor Relations ManagementKey Investor Engag

194、ements in 2024Earnings Briefings The Company holds earnings briefings for periodic reports,as well as investor communication meetings to provide comprehensive updates on financial performance,operating results,and the achievement of key business goals.These meetings also cover the companys plans and

195、 outlook for the coming year,and offer Q&A sessions to address key investor concerns.In 2024,the Company organized 7 earnings briefings.On-Site Factory Visits The Company regularly organizes factory visits for investors,offering an in-depth understanding of production and operations.Experts from the

196、 production team accompany and provide on-site explanations.In 2024,the Company hosted 4 in-person site visits.Investor Meetings Farasis Energy actively participates in quarterly,mid-year,and annual strategy meetings hosted by major institutions,as well as reverse roadshows.These events allow the co

197、mpany to provide timely updates on business operations,R&D,strategic planning,and financing activities.The companys visibility in the capital market continues to grow.In 2024,the Company held 9 public online investor meetings,engaging a total of 317 institutions.New Media Platforms Farasis Energy re

198、gularly responds to investor inquiries via the SSEs public“E-Interaction”platform,fostering effective communication among listed companies,investors,and other capital market participants.In 2024,the Company responded to 121 investor questions through the SSE E-Interaction platform.Enhancing Tax Tran

199、sparencyFarasis Energy places great importance on tax compliance and has established a Tax Shared Services Center to centrally manage tax affairs across the company and its subsidiaries at all levels(parent,subsidiary,and sub-subsidiary).The centers responsibilities include standardizing tax-related

200、 policies and procedures,conducting tax forecasts and analytical reports,managing tax audits and risk responses,and executing tax planning.By centralizing tax data management,the Company is able to effectively monitor tax risks,streamline compliance processes,and leverage big data analytics to gain

201、insights into tax trends and opportunities.For major tax planning initiatives,disputes,or non-routine business matters,the center follows a structured process of“policy research-communication with external firms-confirmation with tax authorities”,ensuring full compliance.All outcomes are reported to

202、 the leadership of the Finance Center.Tax Compliance GovernanceStructure and Functions of Farasis Energy Tax SSC The Groups tax-related systemand process standardization The Groups tax forecast andanalysis report Tax-related audit coordinationand risk response The Groups tax planning Tax calculation

203、 for sites Tax declaration for sites Tax settlement for sites Invoice certification and issue Export rebate management Management of government subsidy materials Collection of declaration materials from overseas related companies Overseas tax policy research and planning Response to audits of overse

204、as related companies Coordination on tax-related matters of overseas legal entities The Groups tax evaluation andself-inspection The Groups related-partytransaction management Tax policy research andtraining Deferred income management for sites Maintenance of relations withtax authorities for sites

205、Filing and declaration of nontrade foreign exchange payment Tax-related investigation onsite coordinationTax Management TeamTax Declaration TeamBill Management TeamTax SSCTax Management Department for Domestic OperationsTax Management Department for International Operations3132About This ReportAbout

206、 Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportTo address key tax-related issues,Farasis Energy has established a set of internal control policies for tax compliance,including the Tax Payment Management Policy,Detailed Implementation Rules for

207、Related-Party Transaction Management,and Invoice and Receipt Management Policy.These internal frameworks ensure the companys compliance in tax management and provide a solid foundation for responding to tax audits and inspections.Farasis Energy places strong emphasis on tax compliance management,ens

208、uring that all tax filings,tax payments,accounting treatments of tax matters,business decisions,and daily operations are fully aligned with tax regulations.This proactive approach helps prevent penalties and reputational damage resulting from non-compliance.Key measures include:In 2024,the Company l

209、aunched a tax digitalization system and an electronic invoice platform(Enterprise Invoice Folder),utilizing big data and related technologies for centralized financial processing.These tools significantly improved tax data processing efficiency and enhanced tax compliance analytics.Tax Risk ControlA

210、ccuracy of Tax FilingThe Company monitors the accuracy rate of tax declarations by calculating the ratio of accurate filings to total filings.This reflects the robustness of tax compliance practices and helps mitigate risks of fines and late payment interest due to filing errors.Timeliness of Tax Pa

211、ymentThe Company ensures that taxes are paid in full and on time within statutory deadlines.By comparing the number of on-time payments against the total number of payment obligations,the Company maintains a strong tax credit record.Compliance in Policy ApplicatioPeriodic self-assessments are conduc

212、ted to ensure that tax operations remain in alignment with the latest tax laws and regulations,supporting compliant implementation of tax policies.Farasis Energy is committed to developing a professional and knowledgeable tax management team.Through continuous tax training,the Company ensures that t

213、eam members stay updated on the latest tax policies,optimize compliance processes,and mitigate tax risksmaintaining a competitive compliance advantage in a dynamic market environment.At the same time,the Company enhances employees tax awareness and technical skills to ensure efficient and accurate e

214、xecution in tax filing,planning,and risk management,adapting to the evolving tax landscape.In 2024,the Company actively organized both internal and external training programs to strengthen the professional capabilities of its finance and tax personnel.Tax Capability Building For each newly issued ta

215、x policy,we organize online study sessions and discussions,and provide e-learning courses for employees to study in depth.We actively participate in training programs organized by tax authorities,including city-wide income tax and property/behavioral tax workshops,as well as various training events

216、hosted by accounting firms.InternallyExternally31323334About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportStrengthening the Risk Defense LineThe Board of Directors and its Audit Committee bear primary responsibility for the es

217、tablishment,improvement,and effective implementation of the internal audit system,and for ensuring that disclosures related to internal audit are truthful,accurate,and complete.Within this framework,the Audit and Supervision Department operates under the direct leadership of the Board and the Audit

218、Committee,carrying out three core functions:internal auditing,internal control,and supervision.It reports regularly to the Audit Committee.To ensure the effective execution of audit work,all internal departments,subsidiaries,and associated companies with significant influence are required to fully c

219、ooperate with the Audit and Supervision Department,comply with relevant laws and regulations,and provide the necessary conditions and support for audit operations.The department holds broad authority,including but not limited to reviewing corporate plans,budgets,final accounts,ledgers,financial stat

220、ements,contracts,and other business-related documents,meeting records,and software systems.It is also entitled to request any documentation,physical evidence,or information required for auditing,to conduct on-site inspections,asset verifications,or inventory audits,and to interview relevant departme

221、nts or personnel for workflow testing.In cases where audit work is obstructed,disrupted,or when required information is withheld,the Audit and Supervision Department,upon approval by the responsible leadership,has the right to take necessary interim measures and recommend disciplinary actions or acc

222、ountability measures against involved personnel,thereby upholding the authority and integrity of the audit process.The Company adopts a systematic risk identification process to comprehensively assess internal and external risk factors.Various risks are categorized and compiled into a company-wide r

223、isk register.The Audit and Supervision Department conducts regular,comprehensive scans and assessments of both internal and external risks.It develops and continuously updates the companys risk register,working closely with responsible departments to improve the risk control matrix.This ensures that

224、 the risk management model remains adaptive and capable of accurately addressing a wide range of emerging risks.In high-risk business areas such as procurement,fund management,and asset management,the Audit and Supervision Department formulates an annual audit plan with great care.Over the course of

225、 each audit cycle,multiple audit projects are carried out to ensure these high-risk areas are included in routine annual audits.This proactive approach helps effectively prevent and mitigate potential risks,thereby safeguarding the companys stable operations.Improving the Internal Control SystemEnha

226、ncing Risk Management and ControlRisk TypeRisk DriverKey Risk PointsInternal RisksOrganizational and Management FactorsOrganizational structure,management model,asset management,business processesHuman Resources FactorsProfessional conduct of board members,executives and senior management;employee c

227、ompetenceIndependent Innovation FactorsR&D investment,technology input,application of information technologiesFinancial FactorsFinancial conditions,operating performance,cash flowSafety and Environmental FactorsOperational safety,employee health,environmental protectionExternal RisksEconomic Factors

228、Economic trends,industrial policies,financing environment,market competition,resource supplyLegal FactorsLegal regulations,compliance requirementsSocial FactorsPublic security,cultural norms,social trust,education level,consumer behaviorNatural Environmental FactorsNatural disasters,environmental co

229、nditionsTechnological FactorsTechnological progress,process improvementFarasis Risks List3536About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportUpholding Business EthicsFarasis Energy is committed to lawful and compliant opera

230、tions and has established a comprehensive legal compliance system to ensure that all business activities strictly adhere to national laws and regulations.Through compliance risk identification and conformity assessments,the Company implements systematic risk management measures that effectively rein

231、force its risk defense mechanisms and safeguard the stability and sustainability of its operations.Comprehensive Compliance FrameworkFarasis Energy has established a scientific and efficient compliance governance system to ensure that all aspects of its operations strictly adhere to applicable laws,

232、regulations,and industry standards.The Legal and Compliance Department serves as the core unit responsible for overall compliance planning and oversight.In addition,a dedicated product compliance management function has been established within the R&D Institute,focusing specifically on product compl

233、iance oversight.The Company has issued the Farasis Energy Compliance Code to regulate the conduct of the company and its employees and to ensure lawful and compliant operations.The code defines behaviors such as corruption,fraud,collusion,coercion,obstruction,and sexual harassment.It sets out detail

234、ed compliance principles covering key areas including integrity and compliance,fair competition,anti-bribery and anti-corruption,prohibition of insider trading,conflict of interest avoidance,protection of trade secrets,and product control and quality assurance.To further institutionalize compliance

235、management,the Company has introduced a range of internal policies,including the Compliance Obligations and Conformity Assessment Management Procedure and the Register of Applicable Laws,Regulations,Standards,and Other Requirements,clearly defining the compliance responsibilities that support sustai

236、nable and healthy development.Moreover,in 2024,to ensure product compliance and effectively address market supervision risks,the Company established a global product compliance framework and released the Global Product Compliance Guidelines.These guidelines specify compliance requirements and implem

237、entation procedures for restricted substances,durability,labeling and markings,conformity assessments,and CE markings.They also provide detailed process guidance and execution standards for all stages of product development,ensuring the effective integration of sustainability into the R&D process.Go

238、vernanceProduct Lifecycle Management&ComplianceAdvanced Material R&DPack R&DBMS R&DSupply Chain ManagementPack Material Validation PackProduct TestingQuality ManagementFarasis Energy Global Product Compliance SystemFarasis Energy conducts annual reviews of major compliance risks and promptly identif

239、ies early warning signals related to external risks.Compliance risk identification is primarily based on internal conformity assessments,employee feedback and inquiries,and external customer requirements.At the early stage of the compliance evaluation,dedicated compliance liaisons collect and organi

240、ze applicable laws,regulations,and standards related to their respective domains,identify relevant compliance obligations,and compile the Register of Legal,Regulatory,and Other Requirements.Compliance officers guide responsible departments to submit supporting documentation generated in the course o

241、f fulfilling compliance obligations.By comparing the collected evidence against the identified obligations,compliance officers assess conformity,identify areas for improvement,and issue corrective notices where necessary.According to the Compliance Obligation and Conformity Assessment Management Pro

242、cedure,the Company organizes annual comprehensive compliance assessments across key areas including EHS,labor and employment,information security,intellectual property,and energy management.Relevant departments jointly identify applicable legal obligations,and corrective actions are continuously imp

243、lemented for areas requiring improvement.In 2024,the Legal and Compliance Department conducted another focused compliance screening in the EHS domain for high-relevance items.In terms of product compliance,the Company ensures continuous monitoring and effective control of risks throughout product de

244、velopment by implementing stage-based risk management mechanisms and a product compliance release process within its new product development workflow.In 2024,Farasis Energy conducted response planning and simulation exercises to address product compliance risks under the EU Battery Regulation and tr

245、ade compliance risks related to the U.S.market.To mitigate potential impacts,the Company established a dedicated EU Battery Regulation Task Force,which delivered 24 compliance solutions and roadmaps,and deeply integrated regulatory requirements into the early stages of product planning.At the same t

246、ime,the Company conducted traceability due diligence for products exported to the United States.These initiatives have effectively strengthened the stability of business operations and supported the companys long-term sustainable development.Strategy and Risk ManagementFarasis Energy Product Complia

247、nce Risk Management ProcessStage-Based Risk Identification and Closed-Loop ManagementFull-Process Management of Product Compliance ReleaseClosed-Loop Validation and Continuous Optimization At key stages of new product development,conduct risk assessments and compliance release reviews using tools su

248、ch as DFMEA,PFMEA,and validation testing to identify potential risks in a timely manner.Implement standardized sign-off and review mechanisms to enable cross-functional collaboration and closed-loop management,ensuring issues are recorded,tracked,and resolved.Ensure that product compliance release i

249、s integrated into all stages of the new product development process to verify that products meet regulatory requirements and market entry standards.Sustainability targets are also incorporated into the review criteria.Adopt a closed-loop management approach of Identification Assessment Mitigation Va

250、lidation,and continuously improve the product development process through feedback mechanisms,enhancing overall quality and sustainability management.3738About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportIn 2024,Farasis Energ

251、y actively promoted compliance training and awareness across the organization,embedding a culture of compliance at all levels.Annual Progress and GoalsCompliance officers regularly collect the latest laws,regulations,standards,and official policy notices,filtering and adapting content relevant to th

252、e company.The selected materials are edited into the Compliance Classroom Policy Updates series and published via the OA system.The Legal and Compliance Department actively encouraged internal learning and knowledge-sharing.Team members took turns presenting in weekly departmental meetings to delive

253、r in-depth insights on legal and compliance topics.To consolidate and leverage accumulated knowledge,the department also established a dedicated compliance knowledge base,providing an accessible platform for ongoing learning and reference.A company-wide compliance education program was implemented t

254、o raise awareness of compliance knowledge among all employees.Tailored training content was designed based on job responsibilities,differentiating between blue-collar and non-blue-collar staff.In 2024,the Compliance Department conducted comprehensive training sessions focused on the Farasis Energy C

255、ompliance Code.Training courses were customized by employee category,and participants were required to complete online learning and pass assessments to ensure training effectiveness.In-Depth Legal Interpretation and Broad Practical ApplicationWeekly Policy Sharing and Establishment of a Compliance K

256、nowledge BaseCompany-Wide Compliance Education with Role-Based TrainingAnti-Bribery and Anti-CorruptionFarasis Energy places high importance on fraud prevention and has established a comprehensive anti-fraud governance structure with clearly defined responsibilities at all organizational levels.Rele

257、vant departments are required to provide support to ensure the effectiveness of anti-fraud efforts and to build a robust fraud prevention management system.The companys anti-fraud monitoring focuses on behaviors such as:unauthorized or illegal appropriation or misappropriation of corporate assets fo

258、r personal gain;falsification,misleading statements,or material omissions in financial reporting and information disclosure;abuse of authority by directors,supervisors,executives,and other senior management personnel;and collusion or fraudulent conduct involving related organizations or individuals.

259、To effectively prevent fraudulent activities,Farasis Energy and its subsidiaries continuously enhance their internal control systems and regularly carry out self-assessments of internal controls.Farasis Energy has taken specific measures to prevent fraud and bribery by implementing the Anti-Fraud Ma

260、nagement Policy and the Disciplinary Accountability Regulations.These documents clearly define controls over key business processes such as accounting and procurement,aiming to prevent misconduct while regulating the professional behavior of all employeesparticularly directors,supervisors,middle and

261、 senior management,and those in key positions.Any form of fraudulent activity that undermines the companys legitimate economic interests or seeks improper gains is strictly prohibited.Furthermore,the Company has issued the Corporate Gift Management Policy,which outlines detailed approval procedures

262、for sensitive business activities such as the giving and receiving of gifts and hospitality.This ensures that gifts serve appropriate business purposes and that items such as gifts or cash received from external parties are properly managed and recorded.For business areas with higher risksuch as pro

263、curement,fund management,and asset managementthe Audit and Supervision Department formulates an annual audit plan to conduct routine audits each year.In parallel,the Company strengthens internal risk awareness through regular communications.Initiatives include publishing holiday integrity reminders

264、and employee disciplinary decisions via the OA system,as well as releasing monthly anti-corruption posters on the corporate WeChat platform as part of employee risk management training.To raise anti-corruption awareness among contractors and suppliers,Farasis Energy conducts internal anti-corruption

265、 training and issues holiday no-gift notices to external partners.Led by the Supply Chain Department,the Company also promotes clean and fair business practices by implementing anti-corruption agreements,supplier integrity due diligence,and incorporating anti-bribery performance into partnership pri

266、oritization mechanismsadvocating for a fair,transparent,and winwin commercial environment.Anti-Fraud Governance Framework3940About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportFarasis Energy places great emphasis on strengthen

267、ing its internal supervision mechanisms and is committed to building a systematic and standardized whistleblowing management system.To maximize the role of whistleblowing in risk prevention and control,the Company has developed a comprehensive framework that covers policy formulation,process optimiz

268、ation,and rights protection.The Company has issued and publicly disclosed the Whistleblowing and Whistleblower Protection Policy,which clearly outlines the reporting channels,scope of cases,handling procedures,incentive mechanisms,and protective measures.A standardized whistleblowing process has bee

269、n established,covering all stages from case acceptance and registration,preliminary verification,formal investigation,to result feedback and archival.Each step is governed by clear operational guidelines and time requirements,ensuring that all reports are addressed in a timely and fair manner,while

270、also providing whistleblowers with a transparent feedback mechanism.The Company places particular importance on the efficiency and quality of case handling,requiring that fact-checking be completed within a defined timeframe and that whistleblowers be informed of the results,ensuring that every case

271、 is responded to and resolved.In terms of whistleblower protection,the Company strictly enforces confidentiality rules.The identity of the whistleblower,the content of the report,and details of the investigation are all kept strictly confidential to prevent any form of information leakage.All acts o

272、f retaliation are strictly prohibited and regarded as serious violations.Perpetrators of retaliation are subject to disciplinary actionsincluding education,warning,or dismissaldepending on the severity of the offense,and may be held legally accountable in cases of serious consequences.The same level

273、 of protection also extends to investigators,witnesses,and their immediate family members,ensuring that all parties involved in the whistleblowing and investigation process can fulfill their responsibilities in a safe and secure environment.To encourage employees to actively participate in corporate

274、 governance,Farasis Energy has established a dedicated incentive fund.Employees who report serious violations,offer valuable compliance recommendations,or help the company avoid significant losses are eligible for rewards.The Company has opened multiple online and offline reporting channels to ensur

275、e smooth and unobstructed access.Any department,employee,or business partner who becomes aware of actual or suspected violations of the companys compliance policies,relevant laws and regulations,or other applicable requirementsregardless of the severitymay report the matter,either anonymously or und

276、er their real name,to the Compliance Department or through the following channels:Whistleblowing and Whistleblower ProtectionFarasis Energy Whistleblowing ChannelsReport directly to audit personnel or the General Manager of the Audit and Supervision Department.Office location:Audit and Supervision D

277、epartment,5th Floor(West Wing),Administration Building,Ganzhou Site.Call the designated whistleblowing hotline.Hotline:+86 797-7329850Send an email to the designated whistleblowing address.Email:Submit a letter to the whistleblowing mailboxes located at the Ganzhou and Zhenjiang site facilities.In-p

278、erson reportingTelephone reportingEmail reportingWritten reportingFair Competition and Anti-Unfair PracticesFarasis Energy strictly complies with the Anti-Monopoly Law of the Peoples Republic of China,the Anti-Unfair Competition Law of the Peoples Republic of China,the Civil Code of the Peoples Repu

279、blic of China,as well as relevant international standards.The Company has implemented the Anti-Monopoly Compliance Management Measures and is committed to building a business environment based on the principles of fairness,impartiality,and winwin cooperation.In customer relationship management,the C

280、ompany effectively identifies and objectively evaluates customer requirements,firmly opposing any form of improper competitive behavior.When accepting customer orders,Farasis Energy follows the Order Review and Control Procedure,accurately presenting its actual commercial capabilities and strictly r

281、efraining from providing any false information,thereby ensuring integrity in all business dealings.In 2024,the Company reported no major incidents related to suspected monopolistic practices or unfair competition.0202EnvironmentIn the context of global green transformation,Farasis Energy actively ad

282、dresses the challenges of climate change by formulating strategic plans,implementing risk and opportunity management,and carrying out low-carbon practices to promote energy transition and sustainable development.Climate Change ResponseEnvironmental Compliance ManagementEfficient Resource Utilization

283、435153Circular Economy and Green ProductsEcosystem and Biodiversity Protection5962Our Progress Disclosed carbon management information on the CDP website,achieving a B rating for climate change.Generated 37,035,604.40 kWh of photovoltaic power.Achieved a 100%participation rate in employee environmen

284、tal training.Reduced annual water consumption by 4.55%compared to the previous year.Fully advanced the application and management of circular packaging,with a circular packaging usage rate of 99.69%at the Ganzhou New Energy Site.Support SDGs4344About This ReportAbout Farasis EnergyESG ManagementCorp

285、orate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportResponse to Climate ChangeIn the context of global green transformation,changes in energy structure and responses to climate change have become key topics for corporate development.As a pioneer in the clean energy sector,Farasis E

286、nergy is committed to exploring innovative energy management paths and deeply integrating green development concepts into the entire value chain operations.The Company continuously optimizes its energy structure and builds an energy-carbon integration management model,implementing carbon emission co

287、ntrol measures with a three-in-one approach:eliminate,reduce,and offset.This promotes the deep integration of energy transformation and industrial upgrading.At the same time,in reference to the IFRS S2 Climate-related Disclosures and the Shanghai Stock Exchanges Guide No.4 for Self-Regulatory Superv

288、ision on Listed Companies of the SSE Compilation of Sustainable Development Reports,the Companys climate change framework covers governance,strategy,risk and opportunity management,and metrics and targets.Farasis Energy continuously improves and discloses its climate change governance system,contrib

289、uting to the achievement of green development and carbon neutrality goals.The Company has established an energy and climate change governance structure centered around the General Manager-ESG Committee-Sustainable Development Department,facilitating efficient collaboration across three levels:decisi

290、on-making,management,and execution.This structure ensures the orderly advancement of energy and climate change management and practices.Through ISO 14064 carbon emission system training,carbon emission management personnel in each department have acquired initial carbon emission accounting capabilit

291、ies,enabling them to effectively identify,collect,and analyze carbon emission data.This has laid the foundation for the scientific construction of the carbon emission management framework.In practice,relevant personnel ensure the smooth implementation and continuous optimization of the carbon emissi

292、on management system through efficient execution and collaboration,providing a solid foundation for the companys emission reduction goals.The Company is in the process of establishing a climate management incentive mechanism for the ESG executive team,combining both short-term and long-term incentiv

293、es to drive continuous improvement in the energy and climate domain.The Company has fully integrated climate risk control into its operational processes.By conducting in-depth analyses of both physical and transition risks,and considering the nature,likelihood,and potential impact of these risks,the

294、 Company accurately identifies and effectively categorizes various climate-related risks.GovernanceGeneral ManagerESG CommitteeSustainable Development DepartmentStrategyRisk and Opportunity AnalysisAs the highest decision-making level in ESG governance,the General Manager is responsible for ESG sust

295、ainable oversight,strategic goal-setting,risk and opportunity identification and response planning,and reviewing information disclosure.As the dedicated ESG governance management body,the ESG Committee is responsible for identifying and assessing ESG risks and opportunities,advancing the integration

296、 of ESG strategy with the companys overall strategy,setting goals and plans,establishing policy frameworks and assessment mechanisms,and reporting to the General Manager with recommendations.As the execution level,the Sustainable Development Department is fully responsible for planning and implement

297、ing carbon management and climate strategy goals.It coordinates and supervises the implementation of management decisions across various functional departments and production sites,ensuring the effective execution of energy and climate change action plans throughout the company.Additionally,the depa

298、rtment is specifically responsible for executing and promoting energy and carbon management-related tasks.Physical RisksRisk TypeRisk DescriptionFinancial ImpactImpact TimelineLikelihood of ImpactAffected Value ChainRisk Mitigation MeasuresAcute RisksExtreme weather events,such as typhoons and flood

299、s,may lead to asset impairment,supply chain disruptions,and other systemic risks.Increased costs Revenue decrease Short termMediumOwn operations Upstream value chainThe Company has implemented early warning systems and emergency plans to reduce the impact of extreme weather.Transition RisksRisk Type

300、Risk DescriptionFinancial ImpactImpact TimelineLikelihood of ImpactAffected Value ChainRisk Mitigation MeasuresPolicy and Legal RisksThe battery manufacturing industry may be included in carbon markets.Increased costs Revenue decrease Short termMediumOwn operations Conduct company-level carbon emiss

301、ion audits and engage third-party organizations for data calculation and verification.Promote energy efficiency improvements and equipment upgrades to optimize energy efficiency and reduce carbon emissions.Increase the use of renewable energy through a combination of self-built distributed energy sy

302、stems and purchased green electricity.Policy and Legal RisksThe EUs new battery law introduces new requirements for the full lifecycle of batteries sold in Europe,potentially subjecting related products to regulatory oversight.Increased costs Revenue decrease Short termHighOwn operations Upstream va

303、lue chain Establish an EU battery regulation compliance team to ensure regulatory requirements are incorporated into product planning and development processes.Additionally,set up a Product Lifecycle Management and Compliance Department to oversee regulatory execution and enhance the companys regula

304、tory response capabilities.Promote and complete TV SD EU battery regulation conformity certification for key battery pack products to ensure market access requirements are met in the EU.Invest in product carbon footprint accounting,engaging third-party agencies for data calculations and verification

305、s.Invest in emission reduction measures,improve energy efficiency,adopt clean technologies,and introduce low-carbon alternatives to optimize the supply chain.Coordinate with suppliers to comply with relevant policies.Farasis Energy and Climate Change Governance Structure4546About This ReportAbout Fa

306、rasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportThe Company places great importance on the strategic opportunities presented by climate change.Through systematic identification and evaluation of its potential long-term value,the Company integrates

307、climate opportunities deeply into its strategic decision-making system,injecting new momentum into business innovation and sustainable development.The Company has developed comprehensive strategies for addressing both climate risks and opportunities.By implementing prevention measures and mitigation

308、 strategies across financial,operational,and reputational domains,the Company effectively reduces the negative impacts of climate risks on its operations and enhances its climate resilience.Additionally,based on a thorough evaluation of climate opportunities,the Company has defined its sustainable d

309、evelopment strategy,increasing investment and innovation in related fields to strengthen its future market competitiveness.The Company continuously improves energy efficiency and reduces energy consumption through systematic and intelligent approaches.Using Manufacturing Execution Systems(MES)and En

310、ergy Management Systems(EMS),the Company has achieved real-time monitoring and energy consumption analysis across production facilities,optimizing energy usage efficiency.Moreover,it has established a comprehensive energy management mechanism,including monthly operation monitoring reports,energy-sav

311、ing audits,energy performance standards,and daily monitoring and improvement systems for production lines.Risk and Opportunity ResponseSmart Upgrades Enhance Energy Efficiency;Green Transformation Achieves BreakthroughsTransition RisksRisk TypeRisk DescriptionFinancial ImpactImpact TimelineLikelihoo

312、d of ImpactAffected Value ChainRisk Mitigation MeasuresReputation RiskWith growing consumer demand for low-carbon products,failure to fulfill environmental responsibilities or address climate risks may lead to reputational damage and a decline in market share.Revenue decrease Medium termMediumOwn op

313、erationsContinue increasing R&D investment,focusing on key material technology innovation in the battery industry,including core areas such as cathode and anode materials.Additionally,actively advance diversified decarbonization practices and build a green low-carbon technology system.Opportunity Ty

314、peOpportunity DescriptionFinancial ImpactImpact TimelineLikelihood of ImpactAffected Value ChainOpportunity Management MeasuresNew Energy MarketAs one of the largest automotive battery manufacturers in China,the Company will benefit from the significant growth in demand for electric vehicle batterie

315、s.Increased revenue Short termHighDownstream value chainContinuously increase R&D investment,systematically conduct market research,prototype design,and testing verification,with a focus on new technology development and process upgrades.New Energy MarketThe EUs acceleration of clean energy transfor

316、mation is driving the expansion of the energy storage market,leading to a growth in demand for lithium batteries.Increased revenue Medium termMediumDownstream value chainUpgrade equipment and innovate technology to establish a sound quality control system,enhancing product performance and quality le

317、vels.Low-Carbon Transition InvestmentInvestment in photovoltaic power generation can reduce electricity-related carbon emissions and lower costs for carbon credit purchases(e.g.,CCER,green certificates).Decreased costs Short termLowOwn operationsPromote the construction of smart factories,continue i

318、nvesting in solar photovoltaic projects,optimize the energy structure,and increase the proportion of renewable energy use.Efficient Energy ManagementUpgrading equipment and improving process energy efficiency can reduce energy procurement and usage costs.Decreased costs Short termLowOwn operationsOp

319、timize equipment and production processes,drive energy-saving technology upgrades(e.g.,dehumidifier modification,pressure grid connection,etc.),reduce energy consumption,and improve energy efficiency.Implementing staggered production strategies to adjust coating processes,middle-section ovens,and wa

320、shing times to reduce power losses during peak and high-peak periods.Measures such as standby heating in coating ovens,intelligent control of assembly line motors,and humidity control on rollers to lower equipment energy consumption.Optimizing production parameters to reduce baking temperature and t

321、ime of electrode sheets,thus reducing energy consumption.Rebuilding the dehumidifier condensate recovery system to use treated water in the cooling tower,improving water resource utilization.Implementing an interconnected air compressor pipeline network to centralize air supply loads,reducing the nu

322、mber of high-energy-consuming air compressors in operation and minimizing frequent unloading,significantly lowering power consumption.Utilizing multi-stage cooling of steam condensate as makeup water for the cooling tower of the central air conditioning system in the power station,reducing tap water

323、 consumption for evaporation.Optimizing the operation of the 5.5 kW dust collector in the stacking-integrated machine by replacing manual control with PLC automation.The dust collector now automatically shuts down after 10 minutes of inactivity and restarts when the equipment is powered on,reducing

324、energy consumption.Ganzhou SiteZhenjiang Site2024 Energy-saving Technological Upgrades4748About This ReportAbout Farasis EnergyESG ManagementCorporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportThe Company continues to promote low-carbon culture through systematic,ongoing educat

325、ion and incentive mechanisms,greatly increasing employee awareness and involvement in energy-saving practices.In 2024,the Company launched a series of themed activities such as Earth Hour,Energy Saving Week,and the Low-Carbon Marathon,fostering a culture of green awareness and embedding it into its

326、operations.Co-building a Low-carbon Culture,Mobilizing Everyone for a Green JourneyIn 2024,the companys union and Sustainability Department jointly organized the Carbon Reduction Marathon:Racing Towards Sustainability.Employees participated in the marathon wearing matching blue uniforms and conveyin

327、g green and low-carbon concepts through concrete actions,symbolizing the companys commitment to low-carbon principles.This event not only strengthened employees identification with the green culture but also injected vitality into the companys green corporate culture,further advancing its sustainabi

328、lity initiatives.Energy-saving transformation of the cold water system to optimize operation efficiency and reduce refrigeration energy consumption,improving overall energy efficiency.Improving the power distribution system and establishing a new energy management system to enhance the fine-tuning o

329、f electricity management and reduce power loss.Implementing exhaust heat recovery in tunnel furnaces to reduce energy waste by reusing excess heat.Environmental modifications to reduce dehumidifier running time and lower energy consumption.Constructing a thermal energy cascade utilization system usi

330、ng steam condensate and tap water heat exchange to provide stable hot water to dormitories and workshops,while also recycling cooled condensate for the cooling tower replenishment.Utilizing smart water storage and cooling technology,operating chillers during low electricity price periods at night to

331、 store cooling energy,which can then be released during peak periods to balance grid loads and reduce electricity costs.Ganzhou New Energy SiteGuangzhou Site Carbon Reduction Marathon:Racing Towards Sustainability-2024 Ganzhou Marathon Event47484950About This ReportAbout Farasis EnergyESG Management

332、Corporate GovernanceEnvironmentSocietyAppendixThird Party Assurance ReportThe Company identifies key risk management factors,departments,and stakeholders,categorizing and assessing risks and opportunities to determine their impact on company goals.Various functional teams and senior leadership conti

333、nuously review the business environment,operational status,and climate-related risks and opportunities,integrating climate risk control and opportunities into operational processes.Risk and opportunity assessment meetings are convened as needed,and sustainable development plans,along with short-,medium-,and long-term goals for each department and business unit,are established and executed across d