Labor & Human Rights Policy

1 General Provisions

1 Purpose

As a global leader in electrical equipment, Sieyuan Electric has recognized the importance of respecting and protecting human rights.  The fundamental principle of putting people first helps ensure the sustained growth of its business.

The human rights policy of Sieyuan Electric is formulated by the Sieyuan Electric Sustainable Development Committee and approved for release by the board of directors.  This policy outlines the company's commitment to respecting and supporting human rights.  The company is committed to respecting the rights of employees, supply chain workers, customers, and other external stakeholders.

2 Scope

This policy applies to all directors, senior staff, and employees (temporary or long-term) worldwide, regardless of the specific entity or subsidiary of Sieyuan Electric (wholly or partially controlled) (hereinafter collectively referred to as "Sieyuan Electric employees" or "employees").  We also encourage business partners, contractors, suppliers, and other stakeholders to apply this policy where feasible.

3 Responsibilities

The Sustainable Development Committee of Sieyuan Electric is responsible for developing, reviewing, and updating this policy annually to ensure compliance with the latest local laws, regulations, and industry standards.  By establishing internal control mechanisms, monitoring human rights performance and regularly reporting.

The senior management bears ultimate responsibility for complying with this policy in their business operations.  Ensure that all employees are aware of this policy and understand their responsibility in protecting the human rights of all employees.

Employees have the obligation to strictly abide by the principles stipulated in this policy.  Actively participate in relevant training activities to enhance self-awareness.  Timely report any behavior that may violate this policy.

4 Communication and Reporting

Sieyuan Electric regularly communicates with all employees, business partners, contractors, suppliers, and other stakeholders regarding this policy.  We encourage suppliers, contractors, and other stakeholders to monitor the implementation of this policy and promptly report any violations of this policy.

We promise to protect the reporter's information from disclosure and prevent any possible retaliation.  The contact email for the report is  ESG@sieyuan.com  .

This policy should be updated every three years and communicated with stakeholders in a timely manner.

2 Core Principles

1 Comply with Laws, Regulations, and Industry Standards

l Sieyuan Electric and all employees shall comply with all applicable laws, regulations, and rules in the country and region where they operate.  If laws and regulations cannot provide sufficient control measures, higher standards should be adopted to protect human rights.

l Respect human rights and labor standards based on the International Charter of Human Rights, including the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant on Economic, Social and Cultural Rights, and the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work.

2 Working Conditions

We strive to create a safe and healthy working environment, providing employees with a good working atmosphere and working conditions.

Ensure that working hours do not exceed the maximum limit set by local laws, and all overtime should be voluntary.

3 Training and Career

We provide comprehensive training and development opportunities to help employees continuously improve their skills and professional ethics, and achieve personal and career goals.  At the same time, we provide our employees with competitive compensation and benefits, including medical insurance, health benefits, employee vacations, etc., to meet their various needs and expectations.

4 Diversity, Non Discrimination, and Equality

We ensure free choice of employment and equal employment opportunities.

Provide equal pay for equal work in similar locations.

Eliminate any form of harassment or discrimination based on race, skin color, religion, gender, age, sexual orientation, and gender identity, as well as any form of harassment or discrimination based on race, skin color, religion, gender, age, sexual orientation and gender identity, nationality, disability, or personal status.

Eliminate any form of harassment or discrimination.  Eliminate any form of harsh and inhumane treatment, including sexual harassment, abuse, corporal punishment, and mental or physical abuse.  Eliminate any form of harsh and inhumane treatment, including sexual harassment, abuse, corporal punishment, mental or physical coercion, or verbal abuse.

We promise to establish corresponding prevention and remedial mechanisms.

5 Human Rights and Dignity

Sieyuan Electric is committed to conducting business in a way that respects the rights and dignity of all individuals.  Comply with all applicable laws and regulations related to child labor in the local area (the age of child labor is under 15 years old according to ILO regulations, and if the age standard stipulated by local laws is higher, the higher standard shall be followed).  Prohibit and do not support the use of child labor.

We prohibit forced labor, including but not limited to debt or contract labor, involuntary or exploitative prison labor, slavery, or human trafficking.  Ensure that all work is voluntary.

We promise to establish corresponding prevention and remedial mechanisms.

6 Freedom of Association

Sieyuan Electric respects the freedom of association and collective bargaining rights of employees, as well as the right of employees not to participate in such activities, the activity rights of trade unions and their members, and compliance with collective bargaining agreements.

7 Supply Chain Management

We require suppliers to comply with the "Sieyuan Electric Industry Code of Conduct for Business Ethics and External Use - Limited to Siying Business or Business Partners".  Establish clear human rights protection requirements for business partners, contractors, suppliers, and other stakeholders.  Evaluate their performance through necessary inspections and audits.

3 Quantitative Indicators