Guangzhou Goaland Energy Conservation Tech Co., Ltd.

Guangzhou Goaland Energy Conservation Technology Co., Ltd. is a thermal management equipment supplier established in 2001 and listed on the ChiNext board of the Shenzhen Stock Exchange in February 2016. The company specializes in the innovation and industrial application of thermal management technology, focusing on enhancing the efficiency and reliability of electrical equipment through advanced heat transfer solutions. Goaland integrates various leading technologies, including fluid connections, automatic control, and energy efficiency management, to provide comprehensive solutions aimed at optimizing energy utilization and maintaining suitable operating temperatures for high-performance components. Goaland's main business lines include power electronics thermal management, energy storage thermal management systems, and thermal management for information and communication industries. The company serves a diverse range of sectors, including renewable energy, data centers, rail transit, and the oil and gas industry, among others. With a strong emphasis on independent innovation, Goaland has developed a robust portfolio of products and holds numerous patents. The company has established stable partnerships with notable domestic and international clients, ensuring its products operate reliably across more than 30 countries and regions worldwide.

The Company is a thermal management equipment supplier with strong independent innovation capabilities, offering a comprehensive system that encompasses R&D, design, manufacturing, marketing and after-sales service. It has formed strong competitive advantages in technology, scale, product quality, brand, service and enterprise management. 1 Independent Innovation and Technological Advantages The Company started with technological innovation and has long been committed to the research and development of thermal management technology. All its main products have independent intellectual property rights. As of June 30, 2025, the Company (including all its subsidiaries) has owned 368 patents (including 74 invention patents), 147 software copyrights, 35 domestic trademark registrations and 7 international trademark registrations, and possesses strong capabilities in technological R&D and achievement transformation. In terms of product independent innovation, the main products of the Company's thermal management business have reached the advanced level in China, and some products have reached the international advanced level. Among them, liquid cooling equipment, as customized equipment, requires customized design and manufacturing based on user working conditions, environment and equipment requirements. The independent innovation of products is mainly reflected in three dimensions: innovation in design concept, innovation in product structure and innovation in process. At the same time, the Company has significant advantages in the formulation of industry standards. As of June 30, 2025, it has participated in the drafting or revision of 9 national standards, 8 industry standards and 28 group standards. In addition, the Company has an efficient R&D team. By formulating a management system adapted to the characteristics of talents and a competitive salary incentive plan, it has built a high-quality development platform for technical talents, effectively ensuring the stability of the R&D team and the continuity of technology. Moreover, centering on customer needs and relying on an innovative interactive R&D model, the Company has established an R&D mechanism that separates basic technology research from product industrialization application research, further ensuring its continuous innovation capability. 2 First-Mover Advantage in the Industry and Scale Advantage The Company is one of the earliest industrial thermal management equipment suppliers in China. Relying on its strong technological R&D capability and rich engineering and technical practical experience, it has successfully developed various liquid cooling equipment applicable to fields such as power transmission and distribution, flexible power transmission and distribution, and high-power electrical drives. The Company has developed into an industrial thermal management equipment supplier with leading domestic technical level, complete product lines and large-scale production, and has significant competitive advantages in its position and scale in the industry. 3 Product Quality Advantage The Company has passed the ISO9001:2015 Quality Management System Certification, ASME U Stamp Certification and ISO50001:2018 Energy Management System Certification. It adopts a preventive comprehensive quality management model and has established a comprehensive quality management system with the core characteristics of "whole process, all staff and all organization", covering the whole process of technological R&D, supply chain, management process, engineering site and after-sales service. The Company's product quality has been widely recognized by the market. Its products continue to provide support for the efficient operation of core equipment of large domestic enterprises, which have extremely high reliability requirements. If the product quality is unqualified or there are quality defects, it will lead to low working efficiency or even shutdown of key equipment. During the reporting period, the Company has not experienced any return of complete machine products, major product quality accidents or major disputes with customers due to product quality issues. 4 Customer Advantage and Brand Advantage The Company's products and technologies have a wide range of applications. After years of accumulation and development, it has established long-term and stable cooperative relationships with well-known domestic and foreign customers such as State Grid, China Southern Power Grid, Xi'an XD Group, Three Gorges Renewables, XJ Electric, Shanghai Electric, TBEA, Rongxin Huike, Shanghai Nengchuan, Hitachi Energy, China Electric Power Research Institute (CEPRI) Purui, Harbin Electric Machinery Company, Dongfang Electric, PipeChina, CATL, Haibo Sichuang, ByteDance, Alibaba, Tencent, GDS, Inspur, ZTE, H3C, 21Vianet, GE, Siemens and ABB. In the process of business cooperation with high-quality customers, the Company has formed stable strategic cooperative relationships relying on its strong technical strength and reliable product quality. Cooperating with high-quality customers can effectively avoid low-price vicious competition and lay a good foundation for the future promotion of the Company's products. 5 Service Advantage The Company responds quickly to customer needs and provides personalized solutions for them, with a fast response speed to customer orders. The Company has strong R&D, design and manufacturing capabilities, enabling it to quickly respond to and meet customer needs. The Company has established a comprehensive pre-sales, in-sales and after-sales customer service system. Currently, it has five domestic service areas (East, South, West, North and Central), and a separate service area for overseas projects, which can provide high-level after-sales service and full-life-cycle technical support. The Company has long-term service experience for power system customers, especially for HVDC transmission project customers. The efficient operation of their key equipment directly affects the normal operation of the power system, which has extremely high reliability requirements. The Company has established an emergency plan mechanism coordinated by multiple departments such as the Quality and Safety Center, Engineering Business Department and Technology Center to provide personalized services for customers' emergency needs and has the ability to respond quickly within 24 hours. 6 Management Advantage The Company's management team has long-term experience in the thermal management equipment industry and rich industry experience, and has high sensitivity and forward-looking vision in grasping the development direction of the industry and product technology. At the same time, the Company has introduced advanced management experience in the industry and professional management consulting teams, continuously optimized the management system for enterprise operations and the enterprise talent structure, vigorously promoted the informatization process of the Company's operations (including information systems such as ERP, PLM and SAP), and continuously improved the internal management efficiency of the Company, laying a foundation for the long-term development of the enterprise.