[Image: Gree logo]
[Chart: ESG report cover graphic]
2025
Gree Electric Appliances, Inc. of Zhuhai
Environmental, Social and Governance Report
Contents
About This Report 01
Message from the Management 02
About Gree Electric Appliances 03
ESG Management 08
[Chart: Governance and R&D icons]
Compliant Governance: Improving Mechanisms to Safeguard Steady Operations
Corporate Governance 11
Investor Communication 13
Risk Management 14
Business Ethics 15
Refining R&D and Improving Quality: Innovation-Driven Efforts to Build a Quality Benchmark
Strengthening Innovation through Intensive R&D 18
Pursuing Excellence Through Meticulous Quality 30
Craftsmanship-oriented Service Enhancing Reputation 35
Improving Quality and Efficiency Through Full-chain Digital Intelligence 38
Rigorous Data Protection for Enhanced Security 40
Collaborative Empowerment: Partnering for a Shared Platform of Win-Win Success
Employee Employment and Rights and Benefits 43
Talent Training and Development 48
Occupational Health and Safety 52
Strengthening Control over Chain Partners 55
Fulfilling Our Mission to Support Society 61
Green Intelligent Manufacturing: Pursuing Low-Carbon Emission Reduction, Fulfilling Ecological Responsibilities
Environmental Compliance Management 64
Addressing Climate Change 66
Waste and Emission Treatment 69
Resource and Energy Utilization 70
Exploration of Circular Economy 75
Key Performance Table 77
Benchmark Index Table 80
Reader Feedback Form 82
[Chart: ESG data visualization]
About This Report
This report is the third Environmental, Social and Governance (ESG) report released by Gree Electric Appliances, Inc. of Zhuhai. It focuses on the Company's proactive response to the opportunities and challenges of sustainable development, as well as its efforts to create integrated economic, social and environmental value for stakeholders.
Scope of the Report
Unless otherwise stated, the organizational scope of this report covers Gree Electric Appliances, Inc. of Zhuhai and its subsidiaries and branches.
Time Period
The report covers the period from January 1 to December 31, 2025. To enhance the comparability and completeness of the report, appropriate retrospective or extended disclosure is applied to certain information.
Appellation Notes
For the convenience of presentation, "Gree Electric Appliances, Inc. of Zhuhai" is referred to as "Gree Electric Appliances", "GREE", "the Company" or "we" in this report.
Preparation Basis
Prepared in accordance with the Standards for Sustainability Reporting (GRI Standards) of the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals (SDGs), the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange—Sustainability Report (For Trial Implementation) and the Self-Regulatory Guidance No. 3 for Companies Listed on Shenzhen Stock Exchange—Compilation of Sustainability Report, this report also addresses the key topics covered by MSCI ESG Ratings.
Data Sources
The qualitative and quantitative information contained in this report is derived from the public disclosures, internal documents and relevant statistical data of Gree Electric Appliances. The disclosure scope is consistent with the scope of the consolidated financial statements. Any content that differs from this scope will be clearly explained in the report. Unless otherwise specified, all monetary amounts in the report are denominated in Renminbi (RMB).
Access to the Report
The electronic version of this report is available on the Company's official website (http://www.gree.com.cn/), the website of the Shenzhen Stock Exchange (http://www.szse.cn/) and CNINFO (www.cninfo.com.cn).