ESG

On the environmental front, Huasun core strategy of "green production and technological innovation" yielded significant results in 2024. The carbon footprint of our products was calculated by a third party to be as low as 366.12 gCO₂e/W; the installed capacity of rooftop solar systems in our manufacturing bases was increased to 59.07 MW, a year-on-year increase of 115%; and the amount of renewable energy used reached 177,260,083.06 kWh, a year-on-year increase of 262%. These achievements demonstrate our strong determination and practical actions in green production.

Huasun knows that green production is the lifeblood of an enterprise. Looking ahead, Huasun will continue to increase our R&D investment and dedicate to improving the conversion efficiency and production yield of HJT modules and reducing production costs. Huasun plans to further reduce our product carbon footprint to less than 300 gCO₂e/W through the introduction of technologies such as full FBR silicon + CCZ, 90μm ultra-thin wafers, new encapsulate materials and technologies. The company will continue to increase the proportion of renewable energy use and contribute more to the global fight against climate change. At the same time, Huasun will work with our supply chain partners to build a green ecosystem and promote a continuous decline in the overall carbon emission intensity of the industry. Huasun will also strengthen cooperation with scientific research institutions to explore more green technology solutions and promote the development of HJT photovoltaic technology in the direction of higher efficiency, lower cost, and more environmentally friendly.

Huasun upholds the social responsibility concept of "Sharing Value, Creating the Future Together." As a leading enterprise in the heterojunction industry, Huasun recognizes
On the social level, Huasun upholds the social responsibility concept of "Sharing Value, Creating the Future Together", and actively promote employee growth, industrial cooperation and social welfare. In 2024, Huasun conducted ESG awareness trainings for senior executives and special competency enhancement trainings for ESG key personnel. During the reporting period, the coverage rate of health and safety training reached 100%, and the company realized zero workplace fatalities, creating a safe and healthy working environment for our employees. In terms of scientific and technological innovation, Huasun achieved 4 national breakthroughs and 2 major innovation platform projects in Anhui Province, and participated in the compilation of 20 industry standards, including 4 national standards, 11 industry standards, 4 group standards and 1 local standard, which further enhanced our influence in the industry. By the end of 2024, Huasun had provided more than 5,100 local jobs to Xuancheng City, Anhui Province, with an output value of approximately RMB 7.6 billion during the reporting period, representing a year-on-year growth of 10%, making positive contributions to the development of the local economy.

Huasun always believe that the value of an enterprise lies not only in its commercial success, but also in its ability to create long-term welfare for the society. Huasun drives the whole industrial chain to move forward in the direction of high quality and sustainability through establishing "Collaborative Innovation Platform for Industrialization of HJT Technology". In the future, the company will continue to increase the investment in employee development, improve the career development system, and enhance the professional skills and comprehensive quality of employees. At the same time, Huasun will continue to increase our investment in social welfare, focusing on education, environmental protection and rural revitalization to create more value for society

Huasun adhered to the governance philosophy of "Compliance and Integrity" and continuously improved company's corporate governance structure and internal control system. In 2024, Huasun established a sustainability structure with the Board of Directors as the supreme governance structure to optimize our sustainability management; on the board of directors, 9.09% are female and 36.36% are independent, which further enhances the scientific and fairness of decision-making; Huasun also concluded zero corruption and money laundering lawsuits. During the reporting period, the company improved our R&D structure and newly established the Intellectual Property Department to strengthen technological innovation and intellectual property management; as at the end of 2024, a total of 365 patents had been applied for and a total of 185 patents been granted, which effectively protected the Company's intellectual property rights.

In the future, Huasun will further strengthen the strategic leadership role of the Board of Directors and increase the proportion of independent directors. The company will continue to improve the risk assessment and response mechanism, strengthen the control of risks in the international market, and ensure the compliance and soundness of our operations. Meanwhile, Huasun will increase our investment in scientific and technological innovation, increase the number of authorized patents, and enhance the core competitiveness of the company.