With the wide dissemination and in-depth practice of the ESG concept worldwide, the connotation of sustainable development of enterprises has become increasingly rich, and its value has also been highly valued by all sectors of society. CYG Insulator Co., Ltd. (hereinafter referred to as "CYG Insulator") as a subsidiary of Changyuan Technology Group Co., Ltd, has always kept pace with the group. Actively practice the ESG concept and strive to achieve high-quality development in multiple dimensions such as the environment, society and corporate governance.

In the past years of 2022 and 2023, the ESG disclosure work of CYG Insulator was carried out based on the overall ESG reports of the group. Changyuan Technology Group has a clear strategic plan and solid practical achievements in the field of ESG. From the formulation and promotion of carbon neutrality goals to the overall management and guidance of ESG for each of its subsidiaries, All provide a solid framework and rich experience for CYG Insulator. The group has demonstrated its determination and action in promoting sustainable development through a series of measures such as conducting carbon inventories, formulating low-carbon operation management systems, and establishing a smart energy-saving platform.

CYG Insulator is deeply aware of the significance of ESG for the long-term development of enterprises. It has always adhered to the attitude of being responsible to society, friendly to the environment, and responsible to shareholders and stakeholders, actively practiced the ESG concept, and strived to achieve the organic unity of economic benefits and social benefits. In terms of the environment, we are committed to promoting green production, optimizing the energy structure, reducing greenhouse gas emissions, actively fulfilling the responsibility of energy conservation and emission reduction, and striving to minimize the impact of production and business activities on the environment, contributing our share to protecting the Earth's ecological environment. At the social level, the company actively engages in public welfare, pays attention to the rights and interests of its employees and their career development, strives to create a harmonious and stable working environment, and at the same time focuses on win-win development with partners such as suppliers and customers. It actively fulfills its social responsibilities and contributes to the harmonious progress of society. In terms of corporate governance, we constantly improve the corporate governance system, strengthen internal control, enhance the transparency of decision-making, safeguard the rights and interests of shareholders, and ensure the standardization and sustainability of the company's operations.

Looking to the future, CYG Insulator will continue to carry forward the ESG concept of Changyuan Technology Group, uphold respect for the environment, social responsibility and a rigorous attitude towards corporate governance, constantly optimize its own operation mode and management system, and strive to contribute more to the sustainable development of society while achieving its own development.

Changyuan Technology Group ESG Report for 2023