CNGR Advanced Material Co Ltd

In December 2023, CNGR upgraded its Strategy Committee of the Board of Directors to the Strategy and ESG Committee, with the Chairman serving as the director. The Strategy and ESG Committee is responsible for researching the Company's ESG governance and providing decision-making recommendations. It monitors the implementation progress of the Company's ESG strategy and objectives, reviews reports from working groups, and provides feedback. Additionally, the Committee reviews the Company's annual ESG report and other ESG-related disclosures to ensure the completeness and accuracy of these reports and disclosures. In the future, CNGR will regularly review and adjust its organizational structure and make continuous efforts to establish a sound sustainability management system that encompasses the Company and its subsidiaries.

During the reporting period, in order to meet its strategic needs, enhance its core competitiveness, improve its ESG performance, optimize investment decision-making procedures, strengthen decision-making based on scientific principles, and enhance the effectiveness and quality of significant investment decisions, CNGR officially established the Strategy and ESG Committee, a specialized institution responsible for the Company's long-term development strategies, ESG performance, and significant investment decisions, under the Board of Directors on December 23, 2023, and formed a new management structure. Each committee shall be accountable to the Board of Directors and perform the following responsibilities in accordance with the Articles of Association of CNGR Advanced Material Co., Ltd., their respective rules of procedure, and the authorization of the Board of Directors: Strategy & ESG Committee Conducts research on the Company's ESG governance and provides decision-making advice; checks the implementation progress of the Company's ESG strategies and goals; listens to reports by working groups and provides feedback; reviews the Company's annual ESG reports and other ESG-related disclosures to ensure their completeness and accuracy.