2024

Glodon Company Limited

Environmental, Social,and Governance (ESG) Report

Stock Code:

002410

Contents

AppendixKey Performance IndicatorsGRI IndexTerminology InterpretationReader Feedback

GOVERNANCEOPTIMIZE

OPTIMIZEDIGITAL

DIGITALOPEN-MINDED

OPEN-MINDEDNURTURE

NURTURELOW-CARBON

Upholding Low-Carbon OperationsManagement of Environmental Impact

Actively Advancing Independent InnovationBuilding Excellence in Quality

Ensuring Information SecurityStrengthening Data ComplianceUpholding Technology Ethics

Responsible Supply ChainDeveloping Industry TalentSupporting Social Well-being

Building a High-Caliber WorkforceBuilding a Healthy Workplace

About this ReportChairman’s SpeechAbout GlodonSustainableDevelopmentManagement

Ensuring Healthy Operations

Empowering Data Governance

Openness and Win-win Cooperation

Talent Development

Low-Carbon Development

Striving for Excellence

Enhancing Corporate GovernanceUpholding Business Ethics

About this Report

IntroductionThe report reviews the endeavors and accomplishments of Glodon CompanyLimited (“Glodon” or “the Company” or “we”) in the fields of environmental, social,and governance (ESG) in 2024. It aims to bolster mutual understanding and engagementbetween Glodon and its stakeholders, thereby fostering sustainable growth and long-term value.Publication

This is Glodon’s sixth public annual report, detailing our sustainabilityinitiatives.Reporting Period

The report primarily covers the period from January 1, 2024, to December 31,2024, with occasional historical insights that mark significant milestones in Glodon’sjourney.Organizational Scope

The organizational scope of this report encompasses all entities over which theCompany has control or significant influence regarding financial and operationalpolicies and measures, consistent with the scope covered in the Company’s annualreport.Reference Documents? GRI Sustainability Reporting Standards (GRI Standards) by Global Sustainability

Standards Board;? ISO 26000: Guidance on Social Responsibility (2010) by InternationalOrganization for Standardization;? United Nations’ 2030 Agenda for sustainability (SDGs);? Guidelines for Compiling Social Responsibility Reports (GB/T 36001-2015),

Guidelines for Social Responsibility (GB/T 36000-2015), Guidance on Social

Responsibility Performance Classification (GB/T 36002-2015) by PRC National

Standards;? Self-Regulatory Guidelines No. 11 for Listed Companies - Information Disclosure

Work Assessment, Self-Regulatory Guidelines No. 3 for Listed Companies -

Industry Information Disclosure, Self-Regulatory Guidelines No. 17 for Listed

Companies - sustainability Report (Trial) (Draft for Comment) by Shenzhen Stock

Exchange.

Source of DataThis report derives its disclosure information from Glodon’s official records andstatistical reports, as well as sustainability performance statistics within theorganizational scope. Our commitment is to continuously refine our data metrics toshowcase our sustainability progress in an all-around way.Availability of the ReportThis report is available in online format. It can be downloaded from Glodon’swebsite (www.Glodon.com/en/).

Chairman’s SpeechIn 2024, the construction industry faces increasing demands for quality upgrades,rapid technological iterations, and ongoing reinvention in the competitive landscape.Each of these changes presents significant challenges to the strategic focus andinnovation capabilities of industry players. As participants deeply involved in the globalsustainability process, we prioritize customer success as the guiding principle andinnovation as core values and continually create value across economic, social, andenvironmental dimensions.

Gaining momentum and setting a clear vision, we are breaking throughindustry boundaries through digital innovation, and offering the industry upgradeprograms. We view digital transformation as the key pathway to advancing refinedconstruction management. Our digital transformation model, guided by the principlesof refined management, has achieved significant breakthroughs in crucial businessareas, including design, construction, and cost management. We have undertaken majornational research and development projects, all of which have successfully passedacceptance and earned several national-level technology awards, continuouslystrengthening our brand influence and technological leadership. Additionally, weactively foster the deep integration of technology and business and align manufacturingindustry upgrades with graphic technology. We have launched the AI-powered bigmodel, AecGPT, and an industry-specific AI platform for the construction sector,alongside the release of Concetto, the next-generation AI-driven design product. TheGlodon Guangzhou Digital Technology Building has officially been established,showcasing the immense potential of BIM-based digital building lifecycle management.Furthermore, we vigorously promote our international operations, with servicenetworks extending to over 100 countries and regions, including the UK, Luxembourg,Germany, and Malaysia. We have established localized product and service teams inSingapore, Malaysia, and Indonesia, effectively integrating the technological expertiseof our Chinese headquarters with local talent through over a decade of collaboration.Furthermore, we actively participate in the development of international standards andhave created a digital solution for the construction industry that balances industryexpertise with international adaptability to showcase Glodon’s capabilities on the globalstage of digital construction.

We are advancing toward a sustainable future by reshaping the greenattributes of buildings through digital technology and establishing an industrial

pathway for climate governance. We empower green buildings, green industrialchains, and ecological governance via digital technology. We are committed toconstructing a carbon management ecosystem that encompasses the entire lifecycle ofbuildings. This includes launching the Glodon Carbon Cloud—a carbon emissionmeasurement platform—alongside other carbon reduction solutions and developing acarbon factor library specific to the Chinese construction industry. We are alsoestablishing a green building materials service platform to promote the practicalapplication of sustainable materials in construction. Furthermore, we are exploringinnovative models of intelligent ecological protection and restoration based onEnvironmental Information Management (EIM) and contribute to globallycollaborative environmental governance. Simultaneously, we integrate the principles ofgreen development into our building projects. The Glodon Xi’an Digital BuildingProduct R&D and Industrialization Base is certificated as the LEED Gold and theWELL Platinum, and the Glodon Intelligent Construction and South ChinaHeadquarters project has been awarded the “World Green Design Capital Green DesignDemonstration Project” by the World Green Design Organization, creating a new modelof the building that is driven by the synergy of digitalization and sustainability.

Delivering goodness, we responsibly share the warmth of the industry, andensure that digitalization benefits a broader population. We support employees intheir lifelong education, strengthen the cooperation of industry and university, andenhance cross-cultural competencies, providing robust support for the cultivation ofhigh-quality talent with international perspectives and innovative abilities. We promotecross-border educational exchanges and cooperation, hold over 10 internationaleducation activities, and collaborate with 19 global universities to collaborate in coursedelivery, which shares our wisdom for development with the global construction sector;We have supported 89 universities in winning international skills competition awardsand contributed to innovative vocational education. Through the AI+ digital teachingplatform and the textbooks, Intelligent Construction series, we seek to reshapearchitectural education and provide the industry with tens of thousands of high-qualityprofessionals. We are dedicated to making technological progress more relevant topeople’s everyday lives. Building on our strengths, we undertake public welfareinitiatives, promote rural revitalization, support vulnerable communities, andspecifically conduct emergency rescue training and free medical clinics for constructionworkers, exemplifying our commitment to promoting technology for social goodthrough innovation and promoting technology for good causes through innovation

Building a solid foundation for governance upgrades, we establish compliancebenchmarks and safeguard high-quality development. We strictly adhere to the laws,regulations, and international conventions of the countries and regions in which weoperate, ensuring compliance in our operations. We also strengthen communication andcooperation with international organizations and have been recognized as a P4EASTby the ISSB Beijing Office. Our sustainable development governance system integratesstrategic decision-making, risk management, and stakeholder governance, which formsa more adaptable and sustainable operation model. We maintain high standards ofbusiness ethics and optimize internal audit and supervisory processes. Additionally, wehave established a group-level anti-monopoly compliance committee to ensuretransparency and fairness in our operations. We prioritize product quality and datasecurity by creating a stable operating environment and data protection systems throughadvanced technologies. Concurrently, we emphasize employee well-being byimplementing a sound talent training and development system. Through employeesurveys on career satisfaction, the “G’s Talk” initiative, and the “North G Star” internalforum, we foster a positive corporate culture, enabling every employee to achievepersonal and professional growth within the Company.Adversity reveals courage and perseverance, while hard work paves the wayfor success. We will embrace the changes and opportunities of our time, and inalignment with the United Nations Sustainable Development Goals, advance theimplementation of Glodon’s Ninth Three-year Strategic Plan and the “G?” sustainabilitystrategy. With unwavering determination and pragmatic actions, we will continue tocreate value for our clients, make every project a success and help every practitionerhave achievements. We are eager to collaborate with global partners to contribute to thesustainable construction industry in this new era.

Chairman and President of Glodon Company Limited

Glodon Company Limited has been dedicated to the digitalization of the construction industry for almost three decades and isChina’s ?rst A-share listed company focusing on information technology in construction engineering. As a digital buildingplatform service provider, Glodon o?ers comprehensive digital building lifecycle solutions, focusing on specializedapplications in construction engineering, and providing value-added services like industry big data and supply chain ?nance.Our solutions cater to various stakeholders, including industry regulators, developers, designers, consultants, contractors,equipment and material manufacturers, and sectors like city operation, ?nance, and education. We leverage core digitaltechnologies and systematic digital capabilities to drive high-quality development in the construction industry.

As of the end of 2024

26 years of dedicatedexperience in the digitalizationof construction industry

8 global technology

R&D centers

global sales and service networkcovering over100 countriesand regions

80+subsidiaries

over 390,000corporate clients

over10,000,000 million end-users

over

7,000,000

projects

About Glodon

Company Pro?le

Digital Building Platform Service Provider

Mission, Vision, and Values

Generate happiness andengagement of our teams, anddevelop a better working and livingenvironment with technology

Be an enterprise with HappySta?, Industrial Leadership,Ever-Growing Business andGood Reputation

Customer Success、Win-Win、Integrity、Keep Learning、OneGlodon、Day OneOur MissionOur VisionOur Values

Deeply Cultivated in the IndustryLeading Digital Development in Construction

1998

Founded in Haidian District, Beijing, with the originalmission of “serving the nation through technology andpromoting IT applications in the construction sector.”

2010

Listed on the Shenzhen Stock Exchange, becomingChina’s ?rst A-share listed company focusing oninformation technology in construction engineering.Strategically restructured Menglong Software toaccelerate integrated solutions targeting large- andmedium-sized construction enterprises.

2014

Strategically restructured Finland’s MEP designsoftware MagiCAD to expand global operations.

2008

Launched internationalization e?orts by establishingthe U.S. Research Center and settling in the China-U.S.Science and Technology Park at the University of

Maryland.

2013

Completed and relocated to the self-built GlodonInformation Building, a benchmark for BIM technology

exploration and practice.

2015

Achieved “First Entrepreneurial Success”– empoweringbudget estimators to transition from manual

calculations to digital tools.

2017

Initiated“Second Entrepreneurial Journey”– aimingto make every project a success and help everypractitioner have achievements.2018

Released the Digital Building White Paper, de?ningthe concept of “digital building” and providingnew ideas and paths for industry transformation.

2021

Collaborated with industry, academia, and researchinstitutions to lead the Ministry of Science andTechnology’s “National Key R&D Program – KeyTechnology Research and Demonstration of City

Information Modeling (CIM) Platforms.”

2023

Launched the Glodon Business Platform, a PaaSplatform for core digital capabilities in the

construction industry.Published Systematic Digitalization, exploringbreakthroughs for construction enterprises’ digital

transformation.

2020

Strategically restructured Hongye Technology toexpand design capabilities and complete the digitalconstruction ecosystem layout.

2022

The Glodon Xi’an Digital Building Product R&D andIndustrialization Base was put into use.Co-established the National Center of TechnologyInnovation for Digital Construction and led thedevelopment of the “Digital Construction SoftwareLaboratory.”

2024

Established a National Enterprise Technology Centerjointly certi?ed by four ministries, including theNational Development and Reform Commission.The BIM full-process application demonstrationproject, Glodon Guangzhou Digital Technology.Released AecGPT, an AI large language model forthe construction industry, and the ConstructionIndustry AI Platform.

Global Technology R&D Centers

Innovation BasesGlodon Building｜ Glodon Information Building ｜ Glodon Shanghai BuildingGlodon Xi’an Digital Building Product R&D and Industrialization BaseGlodon Smart Construction and South China Headquarters

2009 / Beijing

11000m2

2022 / Xi’an

66000m2

2024 / Guangzhou

18000m22013 / Beijing30000m2

2018 / Shanghai

12000m2

Glodon Building and GlodonInformation Building, Beijing, China

Glodon Shanghai Building,Shanghai, ChinaGlodon Smart Construction and SouthChina Headquarters , Guangzhou, ChinaSingapore

PolandGlodon Xi’an R&D Centre, Xi’an, China

Hong Kong, ChinaLuxembourgUnited Kingdom

Sweden

Malaysia

Indonesia

United States

Global R&D CentersGlobal Major Branches and Subsidiaries

FinlandGermany

Global LayoutEqual Focus on Technological Innovation and Practical Exploration

Eight global R&D centers driving core technological innovation and upgrading, leading the global digitalconstruction development

Five national innovation bases constructed to simultaneously validate and explore, supporting in-depth practicalapplication of digital building theories through independent R&D and self-construction

Domestic Centers | Beijing R&D Center ｜ Shanghai R&D Center ｜ Xi’an R&D Center ｜ Guangzhou R&D CenterOverseas Centers | U.S. R&D Center ｜ Finland R&D Center ｜ Poland R&D Center ｜ Sweden R&D Center

Business Layout

Serves the Entire Lifecycle of Buildings

Glodon’s solutions are built on a foundation of specialized applications in the construction domain and are supported byindustry big data and other value-added services.

As the gap between siloed digitalization and the need for holistic digital transformation at the enterprise level grows, Glodonintroduces systematic digitalization as a solution. This approach, centered around data, connectivity, and algorithm, builds anintegrated support platform to create key digital application scenarios like the digital construction site, integrated on-siteproduction, BIM-based design and cost management integration. This promotes full-scale, full-supply-chain, and full-elementdigitalization, enhancing enterprises’ control over people, ?nances, events, materials, and information, expanding theircapabilities in the value chain, supply chain, and industrial chain, and driving large-scale, high-quality development.

Systematic Digitization:

Achieving Holistic Solutions

An integrated organization is formed byconnecting individual roles, businessprocesses, and management areas.Integrated solutions for enterprise digitaltransformation

Integrated Enterprises

Beyond individual roles and processes,there are larger-scale managementareas including entire projects andenterprise functional management.Extensive support for comprehensiveproject management and functionalmanagement

Projects and FunctionalDepartments

In the construction industry, there arenumerous speci?c roles and responsibilities.Specialized tools tailored to each rolesIndividual Roles

The industry consists of several keybusiness processes such as costmanagement, labor management,technology implementation, andmaterials handling.Precise management of businessprocesses

Business Processes

IndustryRegulators

CityAdministrators

Developers

DesignersConsultantsContractors

Equipmentand MaterialManufacturers

FinancialServiceProviders

EducationalInstitutions

Entire Lifecycle of Buildings

Completion

Operation and Maintenance

Design

Project Approval

ConstructionTransaction

Glodon’s Journey of Honors and Responsibilities in 2024

On the journey of digitization, Glodon accumulates experience and views every honor as the driving force for continuousprogress.

Excellence in Open Standards Innovation and Organization Award

The Open Group APAC

International

GovernmentChina’s National EnterpriseTechnology CenterNational Development and ReformCommission of the People’s Republic ofChina, Ministry of Finance of the People’sRepublic of China, General Administration ofCustoms of the People’s Republic of China,

State Taxation Administration of the

People’s Republic of China

China’s Intelligent Construction

Engineering TechnologyInnovation Center (Ministry of

Housing and Urban-RuralDevelopment of the People’s

Republic of China)

Excellent Cooperative

Enterprise in Indus-try-UniversityCollaboration Educa-tion Project

Beijing Leading Enter-prise in IntelligentConstruction (First Batch)

Ministry of Housing andUrban-Rural Development of

the People’s Republic of China

Higher EducationDepartment, Ministry ofEducation of the People’sRepublic of China

Beijing Municipal Commissionof Housing and Urban-Rural

Development

Beijing IntelligentConstruction Innovation

CenterBeijing Municipal Commissionof Housing and Urban-RuralDevelopment

2023 Beijing Top 100 PrivateEnterprises, Top 100 inTechnological Innovation, Top100 in Social Responsibility

2023 Beijing DigitalEconomy Benchmark

EnterpriseBeijing Federation of Industry

and Commerce

Beijing Municipal Bureau ofEconomy and Information

Technology

Liaoning Provincial Departmentof Industry and InformationTechnology, China SoftwareIndustry Association

2023 Construction Industry

Digital Transformation

Leading Enterprise

2024 China ScenarioInnovation PioneerEnterprise

China Software IntegrityDemonstration Enterprise

CCIDNET, Digital Economy MagazineHefei Municipal Development and Reform Commission

Industry

China Real EstateTechnology LeadingEnterprise TOP30China Real Estate

Association

2024 Smart City PioneerAward Excellent Unit

2024 Software and InformationService Industry SocialResponsibility Governance“AAA Leading Level”

China Society for Geodesy,Photogrammetry and Cartography,China Association of Trade in Services,China Remote Sensing Committee

Beijing Software and Information

Service Industry Association

Shenzhen Arti?cial Intelligence

Industry Association

AI High-QualityDevelopment IndustryResponsibility Award

China SoftwareIndustry 40-YearContribution EnterpriseChina SoftwareIndustry Association

2024 Listed CompanySustainability ExcellencePractice CaseChina Software IndustryAssociation, Beijing DaxingEconomic Development ZoneAdministration Committee

China Association of

Listed Companies

China EnterpriseEvaluation Association

China Productivity Society, ChinaCouncil for the Promotion ofInternational Trade CommercialIndustry Committee

2024 InnovativeSoftware Enterprise

China NewEconomy TOP500

Enterprise

National IndustryEnterprise Competitiveness5A-Level Unit

Media

High-QualityDevelopment Benchmark

Enterprise

Economic ObserverMedia

2024 XiangguangAward·Annual ESGSustainableDevelopment TOP15

2024 ChangqingAward·Sustainable

Development

Innovation AwardXiangguang Future, ChinaBusiness JournalCaijing Magazine

Deloitte China, HarvardBusiness ReviewChinese Edition

China ExcellenceManagementCompany

DeBen Consulting (DBC), ChineseAcademy of Social SciencesInstitute of Information Research(CIS), Internet Weekly (CIW)

2024 Digital TwinSolutions ProviderTOP50

2024 Great PowersBrand NationalBrand Ceremony“Annual Brand”China Central

Television

“2024 China Enterprise

ESG100 Index”

Member

China EconomicInformation Service

People’s Daily OverseasEdition, China Environmental

Protection FederationChina National Radio

NationalBusiness Daily

3rd Xinhua Credit

Jinlan Cup ESG“Sustainable SupplyChain” Excellent Case

Corporate SocialResponsibility Excellent

Case “ESG Pioneer

Case of the Era”

2024 Best ListedCompany Board

Sustainable Development Management

1) Assessment of Topic Materiality

Following globally recognized sustainability disclosure frameworks, regulatoryguidelines issued by Chinese authorities, and considering industry-specificcharacteristics, development stages, business models, and value chain positioning, theCompany established a comprehensive topic list. The materiality assessment wasconducted from two dimensions: Impact Materiality and Financial Materiality.

ImpactMaterialityAssessment

? A total of 291 valid responses were collected through targeted

distribution and online public release of Glodon’s 2024 MaterialSustainability Topics Questionnaire, covering six stakeholdergroups: employees (46.05%), clients (16.49%), partners/suppliers(12.85%), communities/public (12.37%), shareholders/investors(7.22%), and government/industry associations (5.15%).? Impact materiality thresholds were defined through discussions with

stakeholder representatives, internal expert workshops, externalexpert consultations, reviews by the Strategy and SustainabilityCommittee, and final approval by the Board of Directors.

FinancialMaterialityAssessment

? Topic-owning departments conducted initial financial impact

assessments.? A dedicated financial materiality workshop was organized, guided

by external sustainability experts. Twenty-four department heads

closely involved in sustainability topics evaluated the likelihood and

financial impact of each topic, established thresholds for financial

materiality, and prioritized topics.? Financial materiality conclusions were validated through

stakeholder feedback, internal-external expert consultations, and

reviews by the Strategy and Sustainability Committee and Board of

Directors.

Image: Glodon’s Financial Materiality Assessment Workshop

After aggregating and analyzing both impact and financial materiality results, the2024 Sustainability Topic Materiality Matrix was finalized and approved by the Boardof Directors.

Image: 2024 Sustainability Topic Materiality Matrix of Glodon

2) Four-Element Disclosure

1. Governance

The Company regards sustainable governance as the foundation of scientificenterprise development. It has established a trinity sustainable development governancesystem integrating “strategic decision-making - risk management - stakeholder co-governance”, while strengthening the board’s oversight and engagement in criticalsustainability issues, enhancing organization-wide participation in sustainabilityinitiatives, and fostering relevant capabilities.

(1) Upgrading corporate sustainable development governance structure

To ensure orderly implementation and continuous integration of sustainability intobusiness operations, the Company has been optimizing its three-tier internal governanceframework comprising “decision-making - organization - execution”. At the executionlevel, the Sustainable Development Promotion Team has been upgraded to theSustainable Development Working Committee led by directors and senior vice

presidents. This committee brings together department heads from finance, legal affairs,procurement, HR and other key sustainability-related departments to regularly reviewsustainability impacts, risks and opportunities while supervising work progress. Adedicated secretariat with two full-time staff has been established under the committeeto coordinate ESG implementation.

Glodon’s Sustainable Development Governance Structure

(2) Promoting organization-wide sustainability engagement

The Company compiled a Sustainable Development Information DisclosureHandbook to guide systematic sustainability management. A total of 15 departmentsand 23 department heads participated in ESG Risk & Opportunity Workshops led byexternal experts, who utilized real-case scenarios to train participants in applyingsustainability principles to problem-solving. Internal media platforms have launched“ESG Mini-Classes” to enhance employees’ understanding and recognition ofsustainability concepts.

Image: ESG Workshops Enhanced Executive & Key Department Capabilities inAddressing Sustainability Risks/Opportunities, Facilitating Business Integration.

2. Strategy

We foster the sustainability ethos within our corporate culture, committed to thevision of “making every project a success and helping every practitioner haveachievements”. In alignment with the vision, we unveil a sustainable developmentstrategy built upon the fundamental principles of Green, Goodwill, and Growth,encapsulated in the innovation concept of G

(G-Cube). Through financial materialityassessment, the Company identified “Innovation-Driven Development,” “Product andService Safety and Quality,” and “Climate Change Response” as its 2024 financiallymaterial topics, corresponding to strategic pillars of “Optimize,” “Digital,” and “Low-carbon” respectively. Enhanced work deployment and resource allocation wereprioritized, alongside targeted management improvement initiatives.

3. Impact, Risk & Opportunity Management

Leveraging its sustainable development governance structure, the Companyimplements impact/risk/opportunity management under board oversight, guidance fromthe Strategy & Sustainability Committee, and leadership of the SustainableDevelopment Working Committee. This systematic approach ensures continuousmonitoring and proactive responses to priority risks/opportunities, safeguarding high-quality development.

Information Collection

& Identification

? We systematically collect/analyze internal/external

information affecting sustainability from all aspectsto identify risks/opportunities.Assessment

? We develop risk/opportunity inventories, establishevaluation criteria, and conduct analysis andassessment to prioritize key control risks and topopportunities.Response

? We formulate response strategies based on existingmanagement systems and activities.Monitoring & Early

Warning

? We continuously monitor risks/opportunities withreal-time alerts for changes.

Reporting

? We regularly publish ESG reports disclosingmanagement progress and outcomes ofsustainability impact/risks/opportunities tostakeholders.

4. Goals & Indicators

The Company advances its sustainability strategy through the ESG IndicatorSystem, setting targets aligned with financially material topics to optimize management,achieve targets and drive value creation for the economy, society, and environment.

FinanciallyMaterial Topics

Goals and IndicatorsInnovation-DrivenDevelopment

? Significantly invest in R&D to enhance control over coretechnologies? Expand reach of proprietary technologies, utilizing datagovernance to promote broader social progressProduct/ServiceSafety & Quality

? Achieve zero major business disruptions annually? Ensure data/privacy security with zero leakage incidents

? Optimize customer service experiences and assistcustomers’ business, aiming to increase project profitsby 30% YoY by 2025

Climate Change

Response

? Promote green buildings to create healthy livingenvironments? Develop smart ecological products for ecologicalrestoration/biodiversity protection? Proactively address climate change by promoting carbon

reduction across our operations and the entireconstruction industry value chain. Achieve accuratecarbon emission measurement by 2025, reduce carbonemissions in benchmark projects by 50% compared toindustry peers

3) Stakeholder Engagement

Valuing insights from both internal and external stakeholders, we identify sixstakeholder types in accordance with the AA1000 Stakeholder Engagement Standard(2015): government/regulatory bodies, shareholders/investors, customers,partners/suppliers, employees, and the community/public. We connect with thesegroups to quickly grasp their expectations, integrate their feedback, address theirconcerns and enhance their active engagement, so as to nurture a harmoniousenvironment that supports sustainable development both inside and beyond ourcompany.Stakeholder

Expectations and Demands Our ResponseGovernment/

RegulatoryBodies/IndustryAssociations

? Compliance with laws andregulations? Implementation of nationalstrategies? Job creation? Technological innovation? Energy conservation and

emission reduction

? Enhance corporate governance,implement internal control compliance? Implement national policies? Create jobs and specific training? Invest in technological innovation? Practice low-carbon operationsShareholders

/Investors

? Legal compliance? Reduced operational risks? Enhanced company market

? Strengthen the compliance system? Regularly disclose information? Maintain frequent communication and

Customers

? Product quality assurance? Service quality guarantee? Sustainable win-win

? Innovate and iterate products? Improve customer service systems? Conduct customer satisfaction surveysPartners/Suppliers

? Win-win cooperation? Fairness and openness? Compliance with agreements

? Enhance collaboration with

government, academic, and researchinstitutions? Actively engage in external exchanges

and dialogues?

Employees

? Protection of employee rights

? Occupational health and

safety? Career development? Employee care

? Improve compensation structures and

democratic management mechanisms? Provide a good working environment? Offer professional training and

promotion opportunities? Enhance welfare systems and organize

diverse activities

Community

/Public

? Support for community

development? Volunteering and charity

work?

? Support the economic and socialdevelopment of operational locations? Organize and participate in volunteer

and charitable activities?

GOVERNANCE

Ensuring Healthy Operations

compliance trainingsessions conducted

1446

employees trained onantitrust regulations

18.75%

female representation on the Boardof Directors, Supervisory Board, andsenior management team100%

supplier integrity pledgesigning rate

In 2024，

Building a modern governance foundation to lead standardized industry development. Glodon activelyestablishes a robust corporate governance system based on sustainable development principles, continuouslyimproving governance structures, standardizing decision-making processes, and promoting the modernization ofgovernance systems and capabilities. We prioritize compliance and ethical operations to safeguard steadydevelopment, driving industry integrity and healthy growth with a strong sense of responsibility and mission.Maintaining strategic focus, we steadily advance the Company’s sustainable development journey.

Sustainable Development Goals

1) Enhancing Corporate Governance

Glodon is committed to refining governance structures in alignment withinternational business ethics frameworks and legal requirements of both home and hostcountries. By continuously upgrading governance mechanisms, we ensure coordinatedcollaboration among governance bodies while enhancing operational efficiency andstandardization. In information disclosure, we prioritize transparency, accuracy, andtimeliness to protect investors’ rights and interests, while building a strong foundationfor long-term capital market development.

1. Standardizing Governance Body Operations

The company adheres to the principles of well-structured governance,complementary expertise, and exceptional capabilities, prioritizing board effectivenessto meticulously cultivate a diverse leadership team, while actively creating expansivecareer development opportunities for female executives to empower their professionalgrowth. By the end of 2024, our Board of Directors, Supervisory Board, and seniormanagement team comprised 16 members, including 3 women (18.75%). The Boardstructure balances career backgrounds, industry experience, and age diversity, with one-third each from the construction, digital economy, HR, and finance sectors. Theirabundant knowledge, collective expertise, and competence drives strategic decision-making for stable and long-term growth.

The Company has established a scientific and standardized system for theoperation of the three governance bodies.

The general meeting of shareholders serves as the highest governance body, withthe Company convening regular and extraordinary general meetings of shareholders ona periodic basis. Glodon actively creates conditions to facilitate the participation ofsmall and medium-sized shareholders, introduces online voting methods, andeffectively enhances shareholder engagement.

The board of directors has established four specialized committees: nomination,compensation and appraisal, strategy and sustainable development, and audit. Eachcommittee has clear responsibilities and works in synergy to provide professionalsupport for the board’s decision-making, effectively promoting the improvement ofcorporate governance. The Company’s compensation and performance appraisalsystem for directors and senior executives fully balances various factors, demonstratingits responsibility to shareholders and society.

The board of supervisors consists of three supervisors, responsible for reviewingthe Company’s periodic reports prepared by the board of directors, supervising theirperformance and senior management in their official duties, and regularly inspectingthe Company’s financial status to review the authenticity, accuracy, and completenessof financial reports, safeguarding the legitimate rights and interests of the Company andall shareholders.

Corporate Governance Structure of GlodonIn 2024,? 9 board members, including 3 independent directors, with an average tenure of

6.97 years

? 3 supervisory board members, including 2 female supervisors, with an average

tenure of 4.7 years? 7 senior management members, including 1 female executive, with an average

tenure of 4.87 years? Independent directors account for 33% of the board of directors and 67% of the

audit committee, nomination committee, and compensation and appraisal

committeeIn 2024,? Convened 4 general meetings of shareholders and extraordinary general

meetings, reviewing 16 proposals? Convened 9 board meetings, reviewing 44 proposals, with 100% attendance by

board members? Convened 6 supervisory board meetings, reviewing 13 proposals, with 100%

attendance by supervisory board members? Convened 2 strategy and sustainable development committee meetings, 2

nomination committee meetings, 2 compensation and appraisal committee

meetings, and 6 audit committee meetings

2. Enhancing Information Disclosure Quality

Glodon clarifies the responsibilities of the board of directors, management, andrelevant responsible parties, regularly conducts compliance training on informationdisclosure, and utilizes a risk early warning system to conduct routine reviews ofinformation disclosure for compliance.We prioritize investor engagement, leveraging the stock exchange’s interactiveplatform to maintain real-time communication and promptly address inquiries,grievances, and feedback. Dedicated communication channels, including phone lines,fax, and email, are staffed around the clock to ensure seamless connectivity. To fostertransparency and trust, we regularly host investor and analyst site visits, along withproactive briefings on financial performance, dividend policies, and strategic updates.These initiatives provide comprehensive insights into our operations, enabling us toattentively listen to investor perspectives and reinforce confidence in our long-termgrowth trajectory, thereby supporting our steady advancement in capital markets.

In 2024,? Disclosed 4 periodic reports and 134 interim reports? Organized 5 investor briefings? Received over 1,000 investors? Achieved a 100% response rate on the stock exchange’s interactive platform

3. Strengthening Risk Control Systems

Glodon strives to build a resilient risk management framework. Systemically, weadhere to listed company internal control standards, optimize resource deployment, andimplement a three-tier risk governance structure with layered defense mechanisms tobolster risk mitigation capabilities. Operationally, we maintain an exhaustive riskinventory, clearly delineate accountability, employ scientific methodologies for riskassessment, and formulate tailored response strategies, embedding risk oversight intoevery facet of our business. Continuous improvement is ensured through periodicreviews of our risk protocols to sustain their relevance and efficacy, with iterativerefinements based on evolving circumstances.

Our international risk preparedness is further fortified through enhanced oversightof overseas investments. This includes rigorous due diligence for outbound projects andrefined post-investment oversight. We put the Subsidiary Management System in placeto strengthen internal controls and risk governance across our global subsidiaries. Weprioritize comprehensive training on local regulatory environments and international

compliance standards, ensuring strict adherence to host country corporate governancenorms. These measures collectively elevate our cross-border operational resilience.

Three Lines of Defense for Risk Prevention and Control in Glodon[First line of

defense]business unit

? Responsible for identifying, assessing, responding to,monitoring and reporting risks at the front end of thebusiness[Second line of

defense]Compliance

function

? Check and confirm the authenticity, completeness andaccuracy of transactions from a risk-control perspective,and provide guidance on the design, establishment,implementation and monitoring of internal system risk-controls.[Third line of

defense]audit function

? Provide independent oversight of the Company’smanagement systems, processes and control proceduresand activities for each risk

Glodon Risk Prevention and Control FlowEstablishment

of a riskchecklist

? Conduct a thorough review of risks at both corporate andoperational levels, including organizational structure,strategic development, internal governance, and taxcompliance, to establish a risk checklist

? Maintain an up-to-date risk checklist to ensure timely and

accurate risk profilingIdentify andanalyze risks

? Each department systematically gathers and analyzes internal

and external data impacting business objectives, proactively

identifying, categorizing, and flagging potential risks.? Prioritize risks through ranking or quantitative analysis to

determine control focus areas and mitigation priorities

Sound control

measures

? Evaluate risk-reward trade-offs to select optimal

management strategies, considering risk drivers and our risk

tolerance level? Formulate response strategies and control measures aligned

with existing frameworks to address identified risksStrengtheningearly warning

reporting

? Monitor across all functions to ensure timely alerts for

material risk changes, enabling proactive management

adjustments.

2) Upholding Business Ethics

We place great emphasis on business ethics and reputation. Grounded in laws andregulations, we resolutely oppose and crack down on monopolistic and unfaircompetition practices, upholding a fair and competitive market environment whilesafeguarding the Company’s and stakeholders’ legitimate rights and interests. Wecontinue to advance our efforts against commercial bribery and corruption, fostering acorporate culture of integrity and transparency and cultivating a developmentatmosphere characterized by openness and honesty.

1. Anti-Monopoly Measures

The Company has refined its organizational structure and institutional system foranti-monopoly compliance management. In 2024, we established the Anti-MonopolyCompliance Management Committee, appointed a Chief Compliance Officer, and setup the Anti-Monopoly Compliance Office. We also revised the Anti-MonopolyCompliance Guidelines into the Anti-Monopoly Compliance Management System.

Glodon’s Anti-Monopoly Compliance Management Organizational Structure

Glodon has implemented anti-monopoly compliance constraints and measuresthroughout the business processes. During the pricing and sales strategy formulationstage, we have added a compliance review procedure prior to finalization. In the pricetransmission phase, we have developed and distributed compliance promotionalmaterials to strictly regulate frontline business practices. In the offline quotation process,we have made public the prices of individual products on its official website, promoted

compliant quotation models, and piloted an online quotation model. Quotation contentsand prices are first confirmed and recorded by customers before orders are generated,ensuring customers’ right to know about product contents and prices. In the online salesprocess, we have added adjustment paths and prompt contents for renewal products tofully protect small and medium-sized customers’ rights to independently adjust theirproducts. We have also added a secondary channel for customers to contact theCompany in its quotations to ensure that customer feedback is genuine and effectivelycommunicated upwards.We have implemented anti-monopoly compliance measures and reviewed theireffectiveness. We have selected pilot business departments and, at the first level,focused on conducting spot checks and sampling inspections from the customer andsales sides to assess business compliance in areas such as price transmission, quotation,and services. At the second level, the Anti-Monopoly Compliance Office has reviewedand inspected the effectiveness of business implementation based on the results of spotchecks, internal complaint records, and external industrial and commercial complaintdata, identifying gaps and continuously strengthening implementation capabilities inweak areas.

Glodon has emphasized strengthening guidance on anti-monopoly complianceawareness. We organized compliance training for key personnel in relevant businesslines, covering three major customer groups, five major business units, and themarketing service sector, with a total of 1,446 participants. We invited renowned expertsand scholars, as well as senior legal counsel, to teach anti-monopoly complianceknowledge, with senior leaders of the group taking the lead in participating in training.We organized two centralized anti-monopoly compliance training assessments, with aparticipation rate of 97% and a passing rate of 96%. We gradually promoted the signingof the Anti-Monopoly Compliance Commitment by senior management, anti-monopolycompliance management personnel, personnel responsible for the Company’s productpricing and sales policies, distributor management personnel, bidding staff, businessleaders, and sales personnel.

In 2024,? Anti-monopoly training covered a total of 1,446 individuals.As of the end of 2024,? 293 individuals had signed the Anti-Monopoly Compliance Commitment.

Anti-Monopoly Reporting Channels? Dedicated consultation and reporting hotline: 010-56402233? Dedicated consultation and reporting email: fldhg@Glodon.com

2. Anti-Unfair Competition Measures

The Company has adopted multiple internal measures to carry out anti-unfaircompetition compliance initiatives. It has formulated the Brand and Brand ApplicationBehavior Management System, prohibiting any employee from disseminating falseinformation related to the Company and eliminating defamation and slander against theCompany and any other business entities to safeguard brand reputation. It has alsoformulated the Internal Data Sharing and Data Access Management Measures, revisedthe External Information Release Management System, prohibited the leakage,dissemination, and theft of the Company’s confidential information, trade secrets, andtechnical secrets, effectively preventing unfair competition risks, and maintaining ahealthy and transparent business environment.

The Company has proactively identified and responded to external competitionrisks and resolutely safeguarded its own rights and interests. It has established a specialrights protection team, shifting its approach from “cracking down on infringementchannels” to “cracking down on technological crackers” for trademark infringements.It has actively assisted administrative law enforcement agencies and judicial organs incracking down on counterfeit infringements and shaping a lawful and compliantbusiness environment.

In 2024,? Conducted 4 anti-unfair competition training sessions.? 200 participants attended anti-unfair competition training.

Image: Glodon Conducted Anti-Unfair Competition Training

3. Upholding Internal Control and Compliance

Glodon adheres to a law-based governance strategy, ensuring strict compliancewith national laws and regulations, while conducting comprehensive legal educationprograms for all employees. This integrates compliance into every operational layer,with particular emphasis on implementing fiscal and taxation policy requirements,diligent tax obligation fulfillment, and safeguarding financial integrity.

Glodon continues to improve its internal audit mechanisms by introducing theAudit and Supervision Management System. It adopts an audit model of “data analysis- anomaly identification - risk prediction - anomaly specification - on-site audit -evidence solidification,” enhancing the application of digital risk analysis models inspecial audit projects. This approach achieves comprehensive internal control auditcoverage across multiple businesses and value chains, focusing on core areas such asbusiness units, customer groups, product lines, and functions. Through pre-projectinternal control evaluation and consensus-building sessions, the Company strengthensthe empowerment of internal control management for business operations. Additionally,we have added online notification features and improved rectification inspectionmechanisms to build a closed-loop work process of “objective - risk - control.”

Glodon deepens internal control management by establishing specializedcommittees based on operational needs, including the Integrated Portfolio ManagementTeam (IPMT), Marketing Committee, Process Digitization Committee, ProcurementCommittee, and Anti-Corruption Compliance Committee, to oversee complianceefforts. We further strengthen internal control knowledge among organizational leaders,enhancing their risk awareness and management capabilities. The release of the InternalControl Evaluation Management System and pilot self-assessment projects for businessunits have enabled iterative updates of internal control audit methodologies, practicaloperation manuals, rectification workflows, internal control maturity evaluation models,and business self-assessment methodologies. These measures effectively safeguardoperational compliance and asset security, promoting the management objectives of“strengthening internal control, preventing risks, and promoting compliance.”

In 2024,? Over 5,000 participants in legal training? Legitimacy review of 142 regulations, systems, and documents? Legitimacy review of over 3,000 contracts? Audit recoveries exceeding 10 million yuan? No major litigation, arbitration, or other risk events

4. Anti-Commercial Bribery and Anti-Corruption

Glodon has formulated strict anti-commercial bribery and anti-corruption policies,explicitly prohibiting any form of bribery, fraud, and other illegal activities. Byestablishing the Conflict of Interest Declaration System, the Violation Accountabilityand Exemption Management Measures, and revising the Cadre Accountability System,we improve our internal restraint and supervision mechanisms.

We enhance the integrity awareness and compliance capabilities of all employees.We have conducted internal integrity training sessions for over 200 employees involvedin procurement activities and over 100 employees in sales, detailing illegal activities inprocurement and sales processes. We also strengthen anti-corruption warning educationand training for directors, senior executives, and middle managers, guiding them toestablish correct values and views on power.

Glodon adheres to transparent and clean procurement practices, strengtheningcontract signing requirements by adding “anti-commercial bribery” clauses and settingpenalties for violations. It has held special integrity training sessions for suppliers,introducing requirements for external partners’ integrity and self-discipline, andpromoting the Supplier Management System. Suppliers are required to sign the SupplierIntegrity Commitment and Declaration of No Conflict of Interest, setting a positiveexample for the industry’s healthy development.

Glodon has established a dedicated whistleblowing channel with a specializedteam for handling reports and protecting whistleblowers, ensuring that all stakeholderscan safely report potential misconduct.

In 2024,? 650 Anti-Commercial Bribery Commitment Letters signed? 3 anti-commercial bribery training sessions conducted? 13 reports of dishonesty and corruption received? 100% follow-up rate on reported cases? 100% satisfaction rate with case handling? Over 10 million yuan recovered through anti-corruption efforts

Anti-Corruption Whistleblowing ChannelsWebsite ReportingGlodon Official Website - Glodon Sunshine Integrity Platform (Website:

yglz.Glodon.com) - Integrity Reporting ColumnLetter ReportingAddress: Building 13, Glodon Information Building, East Zone, No. 10 Yard,Northwest Wangdong Road, Haidian District, Beijing, ChinaRecipient: Glodon Audit and Supervision DepartmentZip Code: 100193

Email and Telephone ReportingEmail: jubao@Glodon.comContact Number: 010-56403197

Other Reporting ChannelsEnterprise WeChat - Workbench - Office Assistant - Integrity ReportingDigital Office Platform - Sunshine Integrity Platform - Integrity Reporting ColumnWhistleblower Protection

The Company strictly prohibits the disclosure of any whistleblower information,manages reporting channels through dedicated lines, and restricts access toauthorized personnel within the Audit and Supervision Department. Allwhistleblowing case files are uniformly archived and classified as top-secret.

LOW-CARBON

Low-Carbon Development

Addressing Climate Change and Rede?ning Green Construction Paradigms. Glodon is committed to alow-carbon development path, actively implementing energy conservation, emission reduction, and carbonmitigation initiatives. The company strengthens environmental management to minimize greenhouse gasemissions and other environmental impacts in daily operations, reducing its carbon footprint. Throughrelentless technological advancements and product innovation, Glodon empowers green buildings,sustainable supply chains, and ecological governance.

Electronic seal system reducedpaper mailings by

57,551 documents

Environmental protection investment:

148,800 RMB

Glodon Carbon FactorDatabase compiled8,000 carbon factorentries for building materials

In 2024,

Sustainable Development Goals

1) Upholding Low-Carbon Operations

The Company proactively aligns with international frameworks such as the ParisClimate Agreement, the 2030 Agenda for Sustainable Development, and the UnitedNations Framework Convention on Climate Change (UNFCCC). It reinforces carbonfootprint management through categorized governance of greenhouse gas emissionsand energy monitoring measures to cut carbon emissions at the source. Meanwhile,Glodon drives climate-resilient transformations in its strategies and business models,enhancing overall climate adaptability and contributing to global sustainability efforts.

1. Climate Action Implementation

Following the Task Force on Climate-related Financial Disclosures (TCFD)guidelines, Glodon conducts comprehensive climate-related work. We optimizegovernance structures for strategic planning, analyze impacts, risks, and opportunities,and conduct targeted indicator and goal assessments. Through systematic approaches,we advance climate-related financial impact evaluations and adaptability analyses. Weidentify carbon emission sources, implement categorized greenhouse gas management,and reduce our carbon footprint. Glodon continues to increase R&D investments in low-carbon products and services, leverages digital solutions to empower industry-widecarbon reduction and contributes to global climate mitigation efforts.

Identifying Glodon’s Carbon Emission Sources

GHG Emission Scope

Source Scenario

Scope 1

Mobile combustion Company vehicles using fuelStationary combustion Cafeteria areasScope 2

Purchased electricity

Electricity used in officespacesPurchased heat/cooling Supply of heat/cooling

Scope 3

Upstream and downstreamalong the supply chain

Emissions from employeecommutingEmissions from businesstravelEmissions from logistics andsupply activitiesEmissions from theprocurement of purchasedgoods

Glodon’s Carbon Emissions in 2024Emissions Regions

Beijing Xi’an Shanghai

Scope 1 Carbon Emissions (tCO

) by Region 133.49 97.13 3.79Scope 1 Carbon Emissions (tCO

) 234.41Scope 2 Carbon Emissions (tCO

) by Region 4321.45 4547.14 1213.22Scope 2 Carbon Emissions (tCO

) 10081.81Scope 3 Carbon Emissions

(tCO

) by Region 8.70 9.81 0.84Scope 3 Carbon Emissions (tCO

) 19.35Total Scope 1 and 2 Emissions (tCO

) 10316.22Carbon Intensity (t/million yuan) 1.66

Glodon’s 2024 Carbon Emission Factor Statement

1. Electricity CO? Emission Factor

Adopted factor: 0.5366 kg CO?/kWh (based on the 2022 power sector CO? emissionfactor published by the Ministry of Ecology and Environment and the National Bureau ofStatistics in 2024).

2. Natural Gas CO? Emission Factor

Adopted factor: 2.16 kg CO?/m?.

Calculation formula: Natural Gas CO? Emission Factor = (Natural gas calorific value-based CO? emission factor: 55.54 tCO?/TJ) × (Natural gas lower heating value: 389.310GJ/10,000 Nm?) = 2.16 kg CO?/m?(Source: Building Carbon Emission Calculation Standard GB/T51366-2019; GreenhouseGas Emission Accounting & Reporting Guidelines for Chinese Iron & Steel Producers(Trial)).

3. Gasoline CO? Emission Factor

Adopted factor: 2.92 kg CO?/kg.

Calculation formula: Gasoline CO? Emission Factor = (Gasoline calorific value-basedCO? emission factor: 67.91 tCO?/TJ) × (Gasoline lower heating value: 43.07 GJ/t) = 2.92kg CO?/kg

(Source: Building Carbon Emission Calculation Standard GB/T51366-2019;Greenhouse Gas Emission Accounting & Reporting Guidelines for Chinese Iron & SteelProducers (Trial)).

4. Tap Water CO? Emission Factor

Adopted factor: 0.168 kg CO?/t (Building Carbon Emission Calculation StandardGB/T51366-2019).

5. Purchased Heat CO? Emission Factor

Adopted factor: 0.11 tCO?/GJ (Greenhouse Gas Emission Accounting & ReportingGuidelines for Industrial Enterprises (Trial)).

(1) Climate Adaptability Analysis

The Company has established a systematic climate-related financial impactassessment process to identify and analyze climate-related risks and opportunities. Ledby the Finance Management Center, a cross-functional team evaluates financial impactsbased on defined materiality thresholds. Quantitative assessments are conducted toevaluate climate adaptability across dimensions including low-carbon policy transitions,low-carbon technologies, and extreme weather events, focusing on their likelihood,intensity, trends, and impact pathways.

Climate Risk AnalysisRisk Type Risk Description Mitigation Measures

Transition

Risks

Policy &Regulatory

?Pressures frominternational/domestic policyregulations;carbon priceincreases,stricter carbonreportingrequirements

?Strengthen carbon footprintmanagement; implement categorizedGHG management to reduceemissions?Regularly disclose climate-relatedinformation

Low-CarbonTechnology

?Intensifiedcompetitionunder low-carbontransition

?Integrate new technologies withconstruction industry needs to developcompetitive solutions?Enhance differentiatedcompetitiveness (e.g., customizedsolutions)

Reputation

?Reputationdamage fromperceivedinadequateclimate action

?Increase transparency of climateactions and progress?Develop low-carbon demonstrationprojects, host forums, join initiatives,and participate in standard-setting

Physical

Risks

Acute

?Naturaldisasters(typhoons,storms, floods,droughts) andextremetemperatures

?Factor climate impacts into data centersite selection?Upgrade equipment energy efficiencyand adopt energy-saving technologies

?Build and maintain extreme weatherresilience infrastructure

Chronic

?Sea-level rise,prolonged hightemperatures

?Factor climate impacts intooperational site selectionStrengthen supplier management anddiversify supply chains

Climate Opportunity AnalysisOpportunityType

Opportunity Description

Action Plan

MarketOpportunities

? Opportunities arising fromchanges in the regulatoryenvironment, such as policiesand regulations related toclimate factors driving thelow-carbon transformation ofthe construction industry invarious countries.

? Expand service scope, accelerateinternational market penetration,and provide digital low-carbonsolutions and support the low-carbon digital transformation ofindustries

Product &

Service

? The market may tend to

choose low-carbon productsand services, such as theincreased demand in theindustry for carbonaccounting throughout thebuilding life cycle and low-carbon design tools.

? Developing new technologies and

products that meet the market’slow-carbon transformation needs,such as expanding the low-carbonproduct matrix around thebuilding life cycle? Innovative products or services

that support the transition to alow-carbon economy (e.g., greenbuilding materials platforms, newenergy construction solutions,green building services, etc.)

ResourceEfficiency

? Opportunities brought about

by the advancement ofclimate change actions, theCompany’s supply chainresilience, and theimprovement of designefficiency driven by BIMtechnology.

? Assist upstream and downstream

partners in strengthening supplychain resilience and achievinggreen traceability for key buildingmaterials (such as steel andconcrete).? Advance technologies and

promote a resource recyclingecosystem.

Influence &Reputation

? As an industry leader and

ESG pioneer, contributingwisdom to the digitaltransformation of theconstruction industry andgaining advantages in greenfinancing and cooperation.? Opportunities arising from

the increasing attention ofstakeholders to climatechange.

? Continuous technology output

and ecosystem co-construction,participating in the formulation ofrelevant standards and policies.? The positive impact on the

Company’s reputation fromactively responding to climatechange may lead to an increase inmarket share in emergingmarkets.

(2) Greenhouse Gas Emissions Management

Glodon continues to strengthen its greenhouse gas emissions management,committed to achieving low-carbon development in its own operations. By identifyingand categorizing carbon emission sources, Glodon gradually reduces its carbonfootprint. Glodon monitors Scope 1 greenhouse gas emissions. In terms of mobilecombustion, it enhances fuel consumption statistics for company vehicles, optimizesdriving routes for fuel-consuming vehicles, and conducts regular maintenance to ensurevehicles operate efficiently. In fixed combustion, Glodon uses clean and renewableenergy sources such as natural gas and electricity, and equips energy-efficient stoves toimprove energy efficiency. In fugitive emissions, Glodon selects eco-friendlyrefrigerants and strengthens air conditioning maintenance and inspection to preventrefrigerant leaks.Glodon promotes Scope 3 emission reductions by optimizing supply chainmanagement and actively taking actions to achieve value chain emission reductions. Inbusiness travel, Glodon implements digital online process approvals, online meetings,online registration systems, and email communications to reduce travel. Withinreasonable limits, the Company encourages employees to prioritize more low-carbonand environmentally friendly public transportation options. In employee commuting,we practice green transportation concepts, encourage employees to use publictransportation, and operate eight employee shuttle buses that are all new energy vehicles.We rationally plan parking lots, increase charging station spaces, and encourageemployees to use new energy vehicles to reduce transportation carbon emissions. As ofthe end of 2024, 100 electric vehicle charging stations have been installed. Glodonprioritizes logistics suppliers that practice low-carbon concepts, set carbon reductiontargets, and take positive actions. The electronic contracting platform reducesgreenhouse gas emissions in the contract courier and mailing process. In 2024, theelectronic seal system reduced document mailings by 57,551 copies. In procurement,Glodon prioritizes products and services from suppliers with low carbon footprints andconducts environmental assessments on manufacturing suppliers.

Case: Hosting “Energy Conservation and Consumption Reduction Season”Activities to Reduce Employee Carbon FootprintsIn the third quarter of 2024, Glodon Shanghai Building launched an onlineEnergy Conservation Season interactive activity. Through online energyconservation knowledge quizzes, weekly Friday computer shutdown check-ins, andlow-carbon lifestyle sharing, it raised employees’ awareness of energy conservation

and consumption reduction, encouraged their daily low-carbon practices, andtransformed short-term advocacy into long-term practice for a green future.

Image: Glodon’s series of fun activities create a green and low-carbon office

atmosphere

(3) Low-Carbon Products and Services

The Company leverages its technological advantages in the digital field, integrateslow-carbon development concepts into its products and services around the entire lifecycle of the construction industry, increases low-carbon technology research anddevelopment, and creates carbon emission measurement cloud platforms (GlodonCarbon Cloud) and other carbon reduction solutions to promote deep carbon reductionin construction enterprises. We build a carbon factor library for the Chinese constructionsector, help construction enterprises achieve low-carbon transformation, and drivegreen and sustainable development across the entire industry chain. In 2024, GlodonCarbon Cloud supported the successful hosting of two competitions: the “2024 WorldVocational Colleges Skills Competition” and the “11

th

International University BIMGraduation Design Innovation Competition - BIM Building Carbon EmissionCalculation and Carbon Reduction Design Module Task Guidelines.” As of the end of2024, Glodon Carbon Cloud has served over 300 projects and over 1,000 users, and thecarbon factor library has included 8,000 carbon factors of building materials.

(4) Support green development initiatives

As the initiator of the Zhongguancun Digital Construction Green DevelopmentAlliance, the company has long served as the chairman unit and secretariat unit of thealliance, actively building an industrial ecosystem for the green development of digitalconstruction, promoting cooperation among alliance members, and forming a mutuallybeneficial and win-win cooperation model. In 2024, Guanglianda supported the alliancein developing the Building Engineering Information Modeling Data ExchangeStandard and hosting the Third China Real Estate Low-Carbon Digital InnovationSummit, enhancing the low-carbon competitiveness and sustainable developmentcapabilities of the entire industry.

The company is committed to cultivating green development talent and providingcollege students with public support in green skills and career development. In 2024,the company welcomed a team of students from the New Green Plan Youth TalentCultivation Program.

2. Energy Utilization

The Company adheres to a green operation concept, strengthens energymanagement, and continuously improves energy use efficiency. The primary energysource used by the Company is electricity, and it continues to increase the proportionof clean energy use by installing rooftop photovoltaic power generation devices, solarwater heating rooms, and noise-reducing sunshade systems. The self-built, self-operated, and self-used Glodon Xi’an R&D Center Building has been in stableoperation for 2 years and has successfully passed the international LEED Gold and theWELL Platinum Certification.

The Company adheres to the overall energy consumption management goal of“balancing quality with energy,” meets employees’ spatial needs for different seasonsand environments, and promotes energy consumption management goals through dailyenergy consumption control. It comprehensively promotes office electricity and airconditioning control, formulates energy-saving strategies, clarifies office computerenergy-saving control plans, and expands energy-saving management space. It adoptselevator intelligent systems to optimize elevator operation modes and car airconditioning temperature settings, reducing elevator operation energy consumption andair conditioning energy consumption. The Glodon Xi’an R&D Center buildingoptimizes its energy management system, analyzes gaps between energy consumptionmanagement and goals, and formulates action plans and solutions. In 2024, throughrefined control of air conditioning operations, the air conditioning energy consumptioncosts of Glodon Guangzhou Building decreased month by month, with a 48% decreasein air conditioning electricity consumption in October compared to July. The GlodonShanghai Building achieved a 16.37% year-on-year decrease in new energy airconditioning electricity consumption and a 13.3% year-on-year savings in VRV airconditioning electricity consumption.

The Company deeply practices energy conservation and consumption reductionactions, builds a private cloud platform, migrates data resources to container clouds,and improves energy utilization by 5%. It adopts high-efficiency energy-saving LEDlighting fixtures and sets automatic screen sleep modes in conference rooms. Itadvocates turning off computers after work, uses building automation systems (BA) forcentralized control and timed switching of public area lighting in towers, and posts

energy-saving signs, transitioning from calling for energy conservation to guiding allemployees to actively participate in energy conservation, creating an energy-savingawareness and all-employee participation energy-saving atmosphere. In 2024, theGlodon Xi’an R&D Center building voluntarily reported the suspension of heating invacant floors, saving 8,850.4 square meters of heating heat.

Energy Usage of Glodon in 2024 (Unit: tce)Usage Region

Beijing Xi’an Shanghai

Total Direct Energy Consumption 79.85 59.81 2.09Total Indirect Energy Consumption 990.44 1127.65 297.31

Total Energy Consumption 2557.15

Glodon’s Energy-Saving Goals and Achievements in 2024Goals and Progress Region

Beijing Xi’an Shanghai

Energy-Saving Target (tce) 4 Unset

Energy Saved (tce) 4.4 / 15Energy-Saving Target Achievement Rate (%)

110% / 115%

Case: Energy-Efficient Renovation of Old Server RoomIn May 2024, Glodon carried out a special energy-saving renovation for the 14old air-conditioning systems in the Phase II server room in Beijing, which had poorcooling effects. By replacing the old air-conditioning equipment with high-efficiencyenergy-saving air-conditioning systems and equipping them with intelligent controlmodules to achieve dynamic load regulation; optimizing the airflow organizationdesign in the server room to reduce the mixing of hot and cold air and improvecooling efficiency; upgrading the dynamic environmental monitoring system in theserver room for real-time monitoring and data analysis of equipment to optimizeoperating parameters and reduce energy consumption. After the system renovation,the monthly electricity savings were 35,000 to 40,000 kWh, and the overall energyefficiency was improved by approximately 30%; the equipment failure rate wasreduced by 10%, and the overall system safety and reliability were enhanced.

Image: Comparison of Electricity Usage Before and After Server Room

Energy-Saving Renovation

As the company's business expands,new servers are continuously being added to the data center of Glodon Xi'anBuilding.The existing estimation methods struggle to accurately predict energy-saving targets.Considering only the electricityconsumption for daily office operations,the energy use in Glodon Xi'an Building decreased by 9%in 2024 compared to 2023.

2) Management of Environmental Impact

Glodon strictly adheres to international environmental regulations, such as theWorld Environmental Convention, and complies with local laws in its operating regions.It has established an environmental management system in line with the ISO 14001standard, regularly updating relevant documents to reflect changes in internal andexternal circumstances. The Company has also set up a comprehensive wastemanagement system, improved its environmental risk assessment system, anddeveloped emergency plans for sudden environmental incidents to effectively mitigateenvironmental risks. Glodon promotes cleaner production, encourages resource-savinginitiatives, supports the circular economy, and reduces the environmental impact of itsdaily operations.

The Company belongs to the software and information technology servicesindustry, and its production and operation activities, as well as those of its controllingsubsidiaries, have not had a significant impact on ecosystems and biodiversity. Duringthe reporting period, the Company did not experience any major sudden environmentalincidents and was not penalized for environmental issues.

1. Waste Management

The Company strictly adheres to local waste management laws and regulations,establishing a robust waste management system. It continuously enhances its wasteclassification and recycling systems, standardizes waste treatment processes, andensures compliance to minimize environmental pollution and create a greener, cleaner,and tidier workplace. The Company also sets clear waste reduction targets, promoteswaste reduction at the source, and improves resource utilization to decrease wastegeneration during production and operations.

The waste generated by the Company’s daily operations is categorized intoharmless waste and hazardous waste. Harmless waste includes domestic waste, kitchenwaste, waste paper, plastics, and metals. Hazardous waste consists of scrappedelectronic components, equipment, ink cartridges, fluorescent tubes, exposed circuitboards, batteries, and other such items from office, business, and server room premises.The Company strictly enforces waste classification and treatment. Domestic waste issorted and transported to locations designated by the environmental sanitationdepartment. Kitchen waste is recycled and treated by qualified units. Constructionwaste is promptly cleaned up and properly disposed of by the construction party.Confidential documents are destroyed in an environmentally friendly manner.

Hazardous waste is classified and stored in warehouses that meet pollution controlstandards, with clear warning signs. In line with the Company’s fixed asset retirementpolicies, qualified waste recyclers certified by the environmental protection departmentare selected for disposal. Recycling records and filings are maintained to ensurecompliant waste disposal.

Glodon’s Waste Emission in 2024Harmless Waste Emission Target t 1600.00Harmless Waste Emission t 1271.52Harmless Waste Emission Intensity

t/million yuan 0.21Hazardous Waste Emission Target

t 0.60Hazardous Waste Emission t 0.41Hazardous Waste Emission

Intensity

t/billion yuan 0.0066

Image: Garbage Classification and Disposal

Case: Promotion of E-Invoices to Reduce Waste Emission

In 2024, Glodon promoted digital e-invoices and implemented financialsharing. By unifying financial accounting rules and processes and innovativelyapplying technologies such as OCR, it achieved a ticketless rate of 58%-60%. Thefinancial sharing reform not only improved the efficiency of invoice managementand financial processing but also reduced waste emissions caused by paper invoicesand lowered energy consumption and carbon emissions during the printing, storage,and transportation of paper invoices.

2. Water Resource Utilization

The Company is dedicated to efficiently using and protecting water resources. Itenhances water resource management, sets water-saving targets, optimizes waterresource allocation, explores new water-saving technologies and models, boosts waterresource efficiency, and eases urban water pressure.The Company’s water supply comes entirely from municipal sources, which arefully compliant with applicable regulations. Building sewage and wastewater aredischarged into municipal pipelines in accordance with national and local laws. TheGlodon Xi’an R&D Center building and Guangzhou Building feature a “sponge city”design to collect and reuse rainwater, greywater, tailwater, and condensate water,reducing reliance on freshwater resources. Collected rainwater is treated for use inirrigation and landscape fountains. During cooler periods, sprinkler irrigation is usedfor landscaping, and natural rainfall is integrated into the irrigation plan to boostefficiency. The Company has optimized its intelligent water-saving system, adoptedwater-saving equipment, and enhanced regular maintenance and inspection of water-using equipment to prevent leaks and drips. Water pressure and flow rates are setappropriately to minimize faucet splash waste. Additionally, the Company is committedto raising employee awareness of water conservation. It posts “Save Water” reminders,ensures that water is turned off in the canteen when not in use, and prohibits continuouswater flow.

Glodon’s Water Resource Utilization in 2024

Total Water Resource Consumption Cubic Meter 115187Water Resource Consumption Intensity

t/million yuan 18.57

3. Circular Economy

The Company promotes the development of the circular economy, adheres to theprinciples of “reduction, reuse, and recycling,” and improves resource utilizationefficiency by institutionalizing the saving of material resources and reducing resourceconsumption and waste. It explores diversified ways of resource recycling and reuse,promotes the efficient transformation of recyclable waste.

The Company prioritizes resource efficiency by integrating environmentalprotection and recyclable packaging criteria into procurement evaluations for selectmaterials. It minimizes disposable packaging use and employs eco-friendly materialsfor seasonal gift boxes to boost recycling rates. To advance paperless operations, digitalsystems are implemented for approvals, meeting reservations, and communications,alongside mandatory double-sided printing for informal documents. It promotes

resource recycling by establishing an office supplies recycling mechanism. Reusableitems like ink cartridges, toner cartridges, and folders are uniformly recycled, repaired,and redistributed. Low-load machines are integrated and recycled, boosting theresource utilization rate of private cloud machines by 10%. The Company collaborateswith recyclers to recycle waste paper, plastics, and metals monthly, reducing landfillburdens. Garbage classification signs are set up to guide employees, improvingrecycling rates. In 2024, office paper consumption was 9.17 tons, down 20.95% from2023.

Glodon’s Waste Recycling in 2024 (Unit: t)Utilization Region

Beijing Xi’an ShanghaiWaste Recycling 0.50 1.62 0.30Total Waste Recycling 2.42

Striving for ExcellenceAdvance scienti?c and technological capabilities to drive high-quality development in the industry. Glodon upholdsa commitment to professional excellence and continuous innovation as the core driving forces of its development. TheCompany remains dedicated to technological advancement, product optimization, and client-centric service, strivingfor excellence with a steadfast pursuit of industry leadership as it presses forward to be a pioneer of independentinnovation. With high-quality services as a bridge to connect with clients, the Company remains committed to drivingcustomer success. Through embedding the spirit of continuous improvement across all products and services, Glodonstrives to become a trusted, long-standing, and widely recognized enterprise of excellence.

R&D investment accounted for

29.10% of total revenue

Customer satisfaction rate in issueresolution reached98%

In 2024,

As of the end of 2024,

Participated in the development of 1 internationalstandard and23 national standards

Obtained a cumulative total of632 granted patents,676 registered trademarks,

and 960 registered softwarecopyrights

Sustainable Development Goals

1) Actively Advancing Independent Innovation

Glodon continues to increase investment in research and development, activelyexploring and innovating emerging application scenarios to convert technologicalachievements into core momentum for the digital transformation of the constructionsector. Significant breakthroughs have been made in key areas such as BIM and CIM.Leveraging independent R&D and long-term industry practices and experience, Glodonhas successfully developed an AI Large Language Model specifically for theconstruction industry, consolidating a robust digital foundation for advancing newquality productive forces and empowering the sector’s technological upgrades andindustrial transformation.

1. Technology-Driven Development

Leveraging strong technical capabilities and extensive practical experience,Glodon makes all-out efforts to foster new quality productive forces in the constructionindustry with digital technology at its core. The Company has established clearobjectives and strategic plans for R&D and innovation management, with a strong focuson core technologies to steadily develop an open and innovative technologicalframework and ecosystem. Over the past five years, Glodon’s average annual R&Dinvestment exceeded 30% of its operating revenue. Moreover, the Company currentlyholds intellectual property rights for a wide range of key digital technologies in theconstruction industry, covering BIM/CIM, IoT, big data, AI, and cloud neutralitytechnologies. Glodon has long focused on the deep exploration of key areas in theindustry, such as smart cities, smart industrial zones, construction industrialization, andBIM technology.

Technology is positioned as the core engine to drive Glodon’s development.Through its key technology strategy of Glodon’s Business Platform, Graphics Platform,and AI Application, the Company is building a digital foundation for the developmentof new quality productive forces in the construction industry. The Business Platformrefers to a construction-industry-specific PaaS platform with proprietary intellectualproperty for business in the construction sector that spans the entire lifecycle ofconstruction projects; the Graphics Platform represents a proprietary 3D graphics anddesign platform with continuously upgraded key technologies that fully support thedevelopment of 3D applications; and the AI Application means the Large LanguageModel (LLM) for the construction industry and AI-native applications that enhance AIapplications across design, transaction, and construction phases. All these enable the

construction industry to achieve digital transformation and high-quality developmentdriven by refined management.In 2024, we officially launched AecGPT, the industry’s first AI large languagemodel for the construction industry. AecGPT supports multimodal data interaction andtailors for one-stop AI application development across seven key areas includingplanning, design, transactions, cost management, construction, operations, andcomprehensive management. It possesses specialized capabilities in automation,analytical decision-making, and assisted generation. Powered by industry-specificknowledge enhanced through Retrieval-Augmented Generation (RAG) technologywith hundreds of millions of tokens, AecGPT achieved an average score of 97% in theChina First-Class Constructor Qualification Examination, fully demonstrating itsauthoritativeness and potential as an intelligent tool.

In 2024,? 91 new patent applications, including 87 invention patents? 183 patents newly granted, including 182 invention patents? 58 new software copyrights registered

Wide Recognition of R&D Achievements

? Led and accomplished the project Key Technologies R&D and Application ofBIM 3D Graphics System for the Construction Industrial Internet, which wasawarded the First Prize at the 2023 China Award for Science and Technology inConstruction? Glodon’s BIM Construction Drawing Audit Solution and Smart Material

Management Solution Based on Cloud Computing, Big Data, IoT, and Mobile

Internet, and AI were selected as 2023 Model Solutions for IT Application and

Innovation by the Cybersecurity Center of the Ministry of Industry andInformation Technology of China? The project Key Technologies and Applications for Intelligent Monitoring ofHigh-Rise Building Construction Quality received the Second Prize in the HubeiProvincial Science and Technology Progress Award from the Hubei ProvincialDepartment of Science and Technology? The project Key Digital and Intelligent Technologies and Applications for the

Full Lifecycle of Major Urban Infrastructure Construction was awarded FirstPrize in the Guangdong Science and Technology Award from the GuangdongMunicipal Industry Association? Glodon’s AI Large Language Model for the Construction Industry wasrecognized as a Model Scenario Application for AI LLM at the Global DigitalEconomy Conference in Beijing? The project of the Glodon CIM Platform was selected as a Best Practice ofContribution to Standardization by the National Technical Committee 426 onDigital Technique of Intelligent Building and Residence Community ofStandardization Administration of China (SAC/TC426)? The Integrated Financial Services Platform for Digital Transaction was

recognized as a Model Case under the Beijing “Data Elements X” initiative bythe Beijing Municipal Bureau of Economy and Information Technology? The AI Large Language Model for the Construction Industry was once again

recognized as the 2024 Beijing’s Model Scenario Application for AI LLM atthe Global Digital Economy Conference

Case: Empowering the First National BIM Skills Competition andDemonstrating Glodon’s Technological Capabilities

In 2024, China hosted the first national-level BIM vocational skillscompetition—the 2024 National Vocational Skills Competition for Housing andUrban-Rural Development Industry. A Glodon’s series of software was among theofficially designated software tools for the competition and played a key role incontributing to success throughout the competition. Glodon’s software was widelyadopted in the competition, especially in provincial qualifiers across 32 regions inChina, with approximately 70% of participating contestants using Glodon’s BIM

software. Among the top ten finalists, 90% were Glodon users.

This widespreadusage fully validated the practical value of Glodon’s solutions and effectivelyshowcased the industry's strong recognition of its BIM software, establishing themas a benchmark for technological innovation in China’s construction sector.

Image: Proprietary BIM Graphics Platform Driving High-Quality

Development in the IndustryCase: Launching AI Large Language Model for the Construction Industry toEmpower Digital Transformation in the Construction Industry

In May 2024, Glodon launched the AecGPT, an AI Large Language Model, anda dedicated AI Platform for the Construction Industry, marking a new milestone inthe AI-driven digital transformation in the construction sector. As part of its “AI+”initiative, the Company is leveraging data and connectivity to accelerate the digitalupgrade of the construction industry. In August 2024, Glodon introduced multi-scenario LLMs, with a focus on L2-level scenario models covering seven corebusiness domains: architectural design, quantity take-off, planning, materialsmanagement, transactions, safety, and education. By addressing specific issues inoperational scenarios, these models can provide more relevant and targeted servicesand improve application effectiveness, marking a significant leap forward inGlodon’s AI development toward more specialized and scenario-driven applicationswithin the industry.

2. Tackling Key Challenges

We continue to increase its investment in research and development, activelyexploring innovative application scenarios, and fully committing to transformingtechnological achievements into the core driving force for the digital transformation ofthe construction industry. In this regard, we have successfully developed BIM-supporting tools and platforms, initiating demonstration applications. Additionally, wehave developed a series of software solutions, including the proprietary CIMfoundational platform and integrated modeling tools for buildings, land, and spaces.Through independent R&D and years of accumulated practical experience, Glodon hassuccessfully created an AI large language model for the construction industry, laying asolid digital foundation for the development of new quality productive forces in theconstruction industry and empowering technological upgrades and industrialtransformation within the sector. Moreover, we remain dedicated to strengthening ourinnovation capacity by leading and undertaking major projects in the industry to drivehigh-level technological innovation, thus continuously injecting vigor into the digitaltransformation of construction enterprises.

Case: Successful Acceptance of the Project Research and Demonstration on theKey Technologies of the CIM Platform

On May 8, 2024, Glodon, as the project leader for the first time, successfullypassed the acceptance of the major industry project titled Research andDemonstration on the Key Technologies of the CIM Platform. This project completedresearch on key technologies in areas such as panoramic spatial modeling for theCIM platform, lightweight processing of massive spatial model data, multi-sourceheterogeneous data fusion engines, and high-fidelity rendering. The project hasestablished a CIM platform architecture that meets the business needs for urbanplanning, design, construction, and operational management.

3. Enhancing Independent Innovation Capabilities

Glodon firmly believes in technology as the cornerstone of its growth and hascreated an environment conducive to R&D and innovation. The Company places astrong emphasis on top-level design for technological R&D and has developed aframework for R&D and innovation management. A four-tier product R&Dmanagement structure has been established, which includes "the Company’s ProductManagement – Product Line/Platform Strategic Management – Product/Platform Valueand Roadmap Management – Product R&D Management." The R&D/QualityManagement Committee is responsible for the construction and operation of theCompany's product R&D system. The company has incorporated innovation into its

performance appraisal system to fully stimulate employees' work enthusiasm andcreativity. It has revised the group's production and research management indicatorsystem to quantify performance, gain insight into the actual level of the group'sproduction and research capabilities, align with industry production and researchefficiency measurement methods, identify gaps with advanced organizations in theindustry, and provide a reference for the overall improvement of the group's productionand research capabilities.

Glodon integrates advanced technological resources and has established eighttechnology R&D centers across five countries, supporting core technologicalinnovation and upgrades. In China, the Company has built five innovation hubs, wherevalidation and exploration are carried out concurrently. Through self-research and self-development, Glodon integrates digital building theories into practice. In 2024, GlodonSmart Construction and South China Headquarters in Guangzhou, China, featuring the“Digital Blueprint of Glodon's South China Headquarters,” was selected as a typicalcase in the Case Collection of New Urban Construction Exhibition by the Ministry ofHousing and Urban-Rural Development. Additionally, the project Innovation Practiceof Digital Building Throughout Entire Lifecycle based on BIM Technologies wasrecognized as one of the Top 10 Best Innovation Practices of Digital Transformation in2024 by CCID Consulting Company Limited.

The Company actively fosters a corporate culture of innovation, continuouslydeveloping and refining internal digital tools, communication platforms, and an honorsystem for production and R&D. These efforts not only enhance global collaborationand R&D efficiency among employees around the world but also help inspire creativityand initiative across the workforce. Glodon prioritizes the development of its R&Dtalent pool, stepping up efforts to recruit PhD candidates from top universities globallyand nurture professionals in production and R&D to ensure the steady growth of high-performing teams. The Company also integrates top-tier resources by inviting industry-leading experts as business advisors to empower internal teams in areas such as quality,safety, and production, ensuring that the achievements in product R&D are aligned withcustomer value. To further stimulate innovation, Glodon organizes internal"hackathons", encouraging production and R&D teams to address business challengesthrough technological innovation. In 2024, 101 teams and 449 partners in productionand R&D participated in these events, resulting in a surge of creative and innovativeideas.

Image: The Event of "Hackathon" Promoting an Innovation-Driven Culture

within the Company

4. Strengthening Collaboration in Innovation between Industries,Universities, and Research Institutes

Glodon is actively collaborating with a wide range of partners to embark on a newjourney of joint innovation and research. The Company is further deepening theintegration of government, industries, universities, and research institutes, buildingcollaborative innovation platforms, and developing technology-driven projects. Bybringing together collective intelligence, Glodon aims to address the challenges ofdigital transformation, promote strategic cooperation in all respects, and establish adiverse and expansive network of partnerships. These efforts help achieve collaborationbased on consensus, complementary strengths, mutual benefits, and win-win results asGlodon and its partners together press forward on the journey to explore digitaltransformation.In 2024,? Established 2 joint laboratories with universities?

Working with Partners to Build Innovation Platforms

? Established the National Enterprise Technology Center (NETC) in collaboration

with China’s National Development and Reform Commission (NDRC) and threeother commissions and ministries? Co-founded the National Innovation Center with the Ministry of Science and

Technology of China? Co-established the Technology Innovation Center of Intelligent Construction

and Engineering with the Ministry of Housing and Urban-Rural Development of

China? Set up the Beijing Enterprise Technology Center cooperating with the Beijing

Municipal Bureau of Economy and Information Technology? Co-established Technology Innovation Center of Digital Twin for Future

Building in collaboration with Beijing Municipal Science and Technology

Commission

5. Establishing an Open and Shared Ecosystem

Glodon is working together with its industry partners to foster mutual progress,building an open, shared, and innovative ecosystem that supports the digitaldevelopment of the construction industry. For construction design software, theCompany has made parts of its proprietary code available to the public as open-source.Additionally, it has introduced the Glodon Ecosystem Plan (GEP) for enterprisedevelopers, software developers, and other partners in the industry ecosystem.Measures such as capabilities and experience empowerment and resource sharing aretaken to accelerate the development of an open and dynamic digital ecosystem in theindustry. Together, Glodon and its partners are building a new ecosystem featuringcommon development openness and win-win cooperation in the construction sector. Asof the end of 2024, real-world case studies and data analysis show that, during thedevelopment of enterprise-level management systems on the Glodon constructionbusiness platform, R&D efficiency could be increased by approximately 65% onaverage, R&D costs were reduced by 55%, and delivery timelines were shortenedby 60%. To date, the platform has empowered 60 ecosystem partners.

Image: The Open Group APAC Award is one of the most prestigious andoutstanding accolades in the global architecture field. In 2024, Glodon was honoredwith the Excellence & Innovation Award in Open EA Standards for Organization by

the Open Group APAC.

6. Actively Contributing Industry Expertise

The Company firmly believes that exchanges and mutual learning are essential todriving industry progress. Glodon has established diverse platforms for exchange,

organizing industry summits, forums, and conferences to share its experiences andinsights. By facilitating communication across the construction sector, Glodon fostersnew avenues for industry development. It also actively expands its global vision,sharing its wisdom and expertise in digital construction to promote internationalcollaboration and advancement within the industry. The Company is deeply engaged inthe development of multiple standards, drawing on its proficiency in BIM technology,digital construction, and other areas to share its knowledge and experience in the digitaltransformation of the industry. Additionally, Glodon has joined a wide array of industryassociations and organizations, collaborating with all stakeholders to push forward thehealthy and orderly growth of the industry.

In 2024,? Contributed to the development of 1 international standard, 7 national standards,

and 2 industry standards?

As of the end of 2024:

? Contributed to the development of 23 national standards and 183 industry, local,

Image: Glodon hosted the 2024 Asia Annual Industry Event for Architecture,

Engineering, and Construction (AEC)

Image: As a proposer, Glodon engaged in the development of the Smartcommunity infrastructures — Requirements for data framework and functions

based on city information modeling (CIM) platform (ISO 37187).

7. Strengthening Intellectual Property Protection

The Company continues to enhance its intellectual property managementcapabilities, ensuring respect for the intellectual property rights of others and activelypromoting a healthy legal environment. The Employee Code of Conduct outlinesemployers’ proper use of software, ensuring the enforcement of measures to protectlegitimate software. Glodon has upgraded its patent reward system to further safeguardthe rights and interests of internal inventors. Moreover, the Company conducts a seriesof open-source compliance training programs for its R&D personnel to guarantee thelawful and compliant use of third-party open-source components. Suppliers are alsorequired to certify that the technologies, source codes, products, and works they providedo not infringe upon third-party intellectual property rights. Additionally, Glodon offersfree courses on intellectual property protection and risk management to some clients,helping to enhance industry-wide compliance awareness and capabilities.

Simultaneously, the Company is actively expanding its intellectual propertystrategy internationally, carefully studying local laws and regulations to ensurecompliance and protect legitimate rights of its technological innovations, therebysolidifying its foundation for global business expansion.

In 2024,? Conducted 30 intellectual property training sessions, reaching a total of 700participants

2) Building Excellence in Quality

At Glodon, we are guided by the principle of "Customer Success," striving to be areliable partner throughout our customers' development journey. By providingthoughtful customer service as a bridge and ensuring full lifecycle quality assurance asthe cornerstone, we focus on continuous improvement across multiple dimensions todeliver secure, reliable, and high-quality digital products and services for our clients,and empower them to achieve sustainable growth of value.

1. Strengthening Product Quality

We place paramount importance on product quality management and have built arobust quality assurance system. The Company has established a comprehensive qualitymanagement framework, which includes the Project Management Office (PMO),the Quality Management Committee, the Quality and Efficiency ManagementDepartment, Production Line Quality Managers, and Product Quality Managers, whilealso developing a high-level talent management system for quality assurance. We haveclearly defined the “quality red lines” and rigorously implemented quality supervision,while fostering a culture of quality awareness across all employees. The Company hasissued the Quality Incident Management Standards, ensuring that quality incidentmanagement processes are established to cover 100% of products, with customer defect(bug) leakage rates maintained at ≤0.05%. Additionally, the Management Standards forApplication Security Red Line have been introduced, guaranteeing that applicationsecurity red lines were adopted for 100% of products, with a 100% vulnerabilityresolution rate. Glodon is accelerating the development of a comprehensive qualitysafety network and introducing advanced testing technologies to enhance automationcoverage and efficiency. Furthermore, the Company continues to enhance its operationsand maintenance management capabilities by developing comprehensive emergencyresponse plans and pre-allocating resources in case of emergencies such as potentialtechnical failures, natural disasters, and other unforeseen events, thus ensuring that fullysafeguarding the stable and reliable operation of the systems.

2. Optimizing Customer Service

The Company is committed to delivering customer value by establishing a closeloop throughout the process from building a multi-tiered metric system for customersuccess, precisely identifying customer needs to efficiently delivering customer valueacross different aspects, such as strategy, management, and practice. Leveraging AItechnology, Glodon continuously optimizes service models and improves the service

capabilities of frontline staff, consistently refining the customer experience. With themindset of "getting even closer to customers and ensuring the voice of the frontline isheard," Glodon strives to gain deep insights into customer needs and earn their ongoingtrust and recognition.

The Company has established a comprehensive customer management system andset of policies, including the Customer Management Measures and the ComplaintManagement System, defining clear objectives and principles of customer managementand regularly reviewing its customer management practices. In addition, Glodon hasdeveloped a centralized customer service platform with unified service standards andprocesses for services, offering a one-stop solution for customer issues.The Management Measures for Key Account Development and Maintenance have beenalso introduced to encourage the entire Company to provide comprehensive andattentive service to our customers.

We are dedicated to improving customer satisfaction by providing targetedtraining to employees at all levels, enhancing their customer service capabilities.Provide customer service training for sales teams and third-party hardware installationteams, and establish internal honors such as “Customer Success Awards” to motivateall employees to improve. The customer service team has been also upgraded, andtransitioned from an outsourced business model to an outsourced human resourcemodel, ensuring the stability and professionalism of the team. We have incorporated AItechnology to enhance the intelligent customer service function, improving responseefficiency and accuracy. Additionally, online training courses are available forcustomers, further enhancing the service system of product support. Regular customersatisfaction surveys are also conducted, with feedback collected after both telephoneinteractions and course completions to monitor customer satisfaction continuously.

The Company continues to optimize its complaint management system by clearlydefining the responsibilities of each department and process, ensuring that all customercomplaints are responded to within two hours. A designated individual is responsiblefor handling complaint calls, and 100% of customer feedback is escalated to the relevantproject manager. The complaint management process operates with a closed-loopsystem, ensuring rigorous enforcement of the principles, processes, timelines, audits,and execution of complaint resolutions. Monthly and quarterly reports are generated foranalysis and implementation of corrective actions. Glodon proactively identifies areaswith high complaint incidence (such as specific regions or business types), facilitatingoptimization and upgrades of product functions, while actively striving to reduce

overall complaint volumes. A follow-up process is also in place to assess theeffectiveness and customer satisfaction with the complaint resolution process.The Company adheres to responsible marketing practices by formulatingthe Glodon Brand Guidelines and the Brand and Brand Application ManagementSystem, ensuring consistency in its external communications and images, andpreventing fabrication and the spread of misinformation related to the Company.Regular and comprehensive audits as well as routine spot checks are conducted toensure compliance with brand promotion standards. As a B2B software company,Glodon focuses on providing digital solutions for the construction industry,guaranteeing that its products and services do not directly affect the physical or mentalwell-being of our customers.

In 2024,? Intelligent customer service handled 653,900 consultations? 123 product and service-related complaints were received, with a 100%

complaint resolution rate? First-contact resolution rate for customer issues reached 88%, with a 98%customer satisfaction rate for issue resolution

Empowering Data GovernanceBuild a strong foundation for digital security to safeguard the future of smart cities. Glodon ?rmly believes thatensuring data security is not only an industry baseline but also an essential prerequisite for delivering a secureand high-quality user experience. The Company has established a comprehensive information securitymanagement framework, developed robust policies and regulations in terms of data security and privacyprotection, and strengthened data access management. By fortifying the data red lines, we aim to elevate ourinformation security standards and fully integrate cybersecurity awareness into the Company culture. Our goal isto provide clients with stable, reliable, secure and trustworthy products and services while co-creating a safedata ecosystem with all stakeholders.

0 incidents of data breaches ordata-related violations

19 systems passed Level IIICerti?cations of China’s Classi?edProtection of Cybersecurity (CCSP)

In 2024,

As of the end of 2024,

Obtained 4 Level-2 Certi?cates forQuali?cation of Information Security ServiceProvider from the China Cybersecurity ReviewTechnology and Certi?cation Center (CCRC)

Achieved 2 new Level-3Certi?cations for China’s Multi-LevelProtection of Information Security

Sustainable Development Goals

1) Ensuring Information Security

The Company places significant emphasis on data compliance and informationsecurity, steadfastly adhering to its commitment to safeguarding information security.Glodon has obtained certificates for the Information Security Management System(ISMS) under ISO/IEC 27001:2022 and the Privacy Information ManagementSystem (PIMS) under ISO/IEC 27701:2019.To reinforce information security, the Company supports multi-factorauthentication (MFA) based on identity tokens, employs strong password policies toassess user password complexity, and introduces dynamic random verification codesand login timeout restrictions to ensure user authentication security. HTTPS securityprotocols and SSL encrypted transmission are also implemented to ensure secure useraccess. Function permissions, data access control, and operational audits are integratedinto the system to enhance overall management, refine permissions, and conductsecurity scanning to ensure application security. To ensure the stability, continuity, andintegrity of the company's data systems, and to support security tracing and securityincident analysis, the Audit and Supervision Department, in collaboration with theLegal Department, shall formulate and implement data security audit standards. TheData Security Management Department regularly conducts security inspections and riskassessments of the company's data and data systems, promptly adjusts or supplementsdata security protection measures, and eliminates various security hazards and potentialrisks. At least once a year, the department organises internal data security emergencydrills to enhance employees' data security awareness, protection, and emergencyresponse capabilities, and strengthens network security emergency training. In 2024,the company's Data Security Management Department will collaborate with the LegalDepartment to form a special task force to conduct a comprehensive scan of allproduction environments and code to identify corresponding risks.

The Company is also committed to client privacy protection, conductingspecialized training programs on privacy protection, and continuously enhancinginformation security and customer privacy control measures. Glodon’s products areprimarily tool-based software, which collects minimal user information. Furthermore,customer data is mainly stored in local environments rather than the cloud, significantlyreducing the risk of data privacy leaks. The Company supports private deployment forcustomers, allowing them to store data on local servers based on their needs, furtherreinforcing data security and autonomy. In addition, a strict information classification

and management system is implemented, categorizing data by security level andassigning access permissions accordingly. Access to client information requiresapproval through a stringent audit and process to ensure the legality and necessity ofdata access. The data collection process also adheres to the principle of minimization,gathering only the essential information necessary to perform business functions.Regarding data of the AI model training for the construction industry, anonymizationand de-identification techniques are used to ensure that personal information cannot bereverse-identified. In the data-sharing process, federated learning technology is adoptedto balance data sharing and protection, ensuring privacy while enabling data sharing.Moreover, sensitive business secrets or proprietary information within engineering dataare concealed, ensuring data sharing security while safeguarding privacy.Glodon continues to strengthen internal data access control, having introducedthe Internal Data Sharing and Data Access Management Measures. The Company hasmapped its data assets at the company level and assigned data owners as the primaryresponsible parties for data governance in specific areas, with datamanagers overseeing daily protection. The Core Data Classification Standards and theLists of Data Business Responsibility have been defined to ensure strict data accessmanagement protocols are in place. The Data Authorization Model clearly outlines thecore positions, responsibilities, roles, and personnel involved in internal data-sharingscenarios, along with the corresponding data authorization scope and access securitylevels. Moreever, a data security consultation and reporting mechanism has beenestablished, requiring employees to report any data violations in a timely manner.

The Company is continuously improving its emergency management capabilitiesin terms of information security. Measures such as data backup, data accessauthorization control, and encrypted storage of sensitive data have been implemented.Data centers are equipped with dual electrical circuits and UPS systems, withemergency power backup plans in place to ensure operations for 20-30 minutes duringpower outages to secure overall data safety. A comprehensive Data Breach EmergencyResponse Plan has been developed, encompassing the entire incident managementprocess including incident prevention, monitoring and early warning, reporting,handling, disclosure, and post-incident review, so as to strengthen the Company’scapabilities to respond to data security incidents. Regular data security training sessionsand evaluations are conducted for employees to reinforce their security awareness,with two dedicated data security training sessions held annually.

In 2024,? 0 incidents of data breaches? Achieved 2 new Level-3 Certifications for China’s Multi-Level Protection of

As of the end of 2024,? Obtained 4 Level-2 Certificates for Qualification of Information Security

Service Provider from the China Cybersecurity Review Technology andCertification Center (CCRC)? 19 systems passed Level III Certifications of China’s Classified Protection of

Glodon’s Information Security Management Framework

Image: Certificate of ISO/IEC27001:2022 Information Security

Management System

Image: Certificate of ISO/IEC

27701 Privacy Information

Management System

2) Strengthening Data Compliance

Glodon strictly complies with General Data Protection Regulation (GDPR) of theEuropean Union, the Cybersecurity Law of the People’s Republic of China and the DataSecurity Law of the People’s Republic of China, as well as all other applicable laws andregulations in the jurisdictions in which it operates. To uphold a rigorous baseline forsecurity and compliance, each business department designates a dedicated security andcompliance officer to ensure controlled use of source code and third-party tools(including commercial software and third-party libraries), thereby mitigatingcompliance risks in research, development, and innovation.To reinforce compliance management, the Company has formulated the DataCompliance Management Policy and enhanced its Data Management Regulations,establishing clear data compliance principles. It exercises comprehensive compliancemanagement across the entire data lifecycle—covering data generation, storage, usage,transmission, and destruction. In accordance with requirements for access rights anddata classification levels, Glodon ensures that all data usage complies with relevantlegal and regulations. The Company also strictly adheres to regulations regarding cross-border data transfers. Through measures such as data localization and securityassessments, it ensures that data remains within domestic borders.Glodon continues to strengthen its data compliance governance capabilities. Adedicated Data Compliance Task Force has been established to enhance project-specificcompliance and deliver industry insights. The Company also contributed to the draftingof the Standards for Processes and Technologies of Data Ownership Confirmation andAuthorization, providing regulatory frameworks and technical tools of data complianceto support compliant data circulation as well as the integration and utilization of dataacross regions and industries. In cooperation with the Beijing International DataExchange, Glodon completed data asset registration and updates, ensuring the secureand compliant exchange of data products. In 2024, the Company was awarded the BestPractice in Data Governance by DAMA International.

In 2024,? No incidents of data-related violations or non-compliance

3) Upholding Technology Ethics

With reference to the (Trial) Measures for Science and Technology Ethics Reviews,the Company affirms that its technological activities do not involve direct interactionwith humans or experimental animals, and guarantees that the likelihood of ethical risksor challenges affecting human health, the ecological environment, public order, orsustainable development remains extremely low. During AI model training, Glodonstrictly adheres to science and technology ethics. For the training data of AI largelanguage models in the construction industry, anonymization and de-identificationtechniques are applied to ensure that individual information cannot be reverse-identified from the data.

OPEN-MINDED

Openness and Win-winCooperation

Achieved a 98% signing rate of theSupplier Social Responsibility CommitmentNo instances of overdue payments to smalland medium-sized enterprisesFacilitated over1000 events to deliver industrydigital talent services, bene?ting more than10,000 enterprises and 100,000professionals in the construction sector.Developed23 vocational trainingcourses, supporting the employment ofmore than2,500 studentsEstablished collaborative partnerships with

84 colleges and universities, and

accredited20 among them as certi?edcorporate training basesOrganized10 volunteer public serviceactivities, with a total of580 participants

In 2024,

Work together to foster a community of shared value and empower inclusive social development. Glodon upholds thecore corporate value of “openness and win-win cooperation”, regarding the supply chain as a key bond in value creationand promoting greater social responsibility among its suppliers to build a secure and resilient supply chain. Leveraging itspractical experience in digital construction, Glodon strongly supports talent development in the construction industrythrough diversi?ed channels, cultivating a skilled workforce to inject fresh momentum into the era of intelligentconstruction. In addition, by harnessing technological strengths as a catalyst, the Company actively engages in ruralrevitalization and supports disadvantaged groups, so as to drive balanced and inclusive social development.

Sustainable Development Goals

1) Responsible Supply Chain

Glodon attaches great importance to the supply chain’s role in delivering value andpromotes improved environmental and social performance and impacts throughresponsible procurement practices. The Company proactively addresses supply chainrisks by strengthening its supplier admission, certification, performance evaluation, andphase-out mechanisms. At every stage—from tendering and contract execution topayment—Glodon guides suppliers in enhancing their awareness of and commitmentto social responsibility. It also supports the development of qualified small and medium-sized suppliers, contributing to the overall security and resilience of its supply chain.

1. Upholding Transparent and Equitable Procurement

The Company is dedicated to fair and equitable procurement, strictly enforcingthe Procurement Management Policy and the Supplier Management Policy, which arecontinuously reviewed and updated in practice. A mature group-level procurementgovernance structure has been established, comprising the President’s Office –Procurement Management Committee – Procurement Management Department– Procurement Teams at all levels. The Legal Affairs Department, FinancialManagement Center, and Audit and Supervision Department of the Company arerespectively responsible for compliance review, internal control over budgeting, as wellas audits and supervision. This integrated structure enables comprehensive supply chainrisk management and response to ensure stable and orderly operations throughout thesupply chain.

2. Conducting Rigorous Due Diligence

During the assessment and review process of supplier admission, the Companyconducts thorough evaluations covering suppliers’ legal compliance, supply capabilities,product quality, service standards, cost control, and innovation capacity. Rigid entrybarriers such as minimum registered capital requirements were lifted to furtherprioritize suppliers' actual operational performance and track record. Glodon activelyseeks to collaborate with enterprises that contribute to social value and ruralrevitalization and provides high-potential small enterprises with opportunities toparticipate.

To further manage and mitigate supply chain risks, Glodon mandates the signingof a Social Responsibility Commitment as a prerequisite for inclusion in the supplierdatabase, thereby encouraging suppliers to fulfill their social responsibilities. In 2024,the Company achieved a 100% signing rate among new suppliers, and a 98% signing

rate among all in-database suppliers. For legacy suppliers with unsigned commitments,a targeted re-signing plan has been implemented, supported by methods such as tieredand classified supplier management and proactive communication and guidance toassist the plan. Glodon conducts due diligence on suppliers through a combination ofdocumentation review and on-site inspections to fully consider environmental andsocial risk factors in the supplier classification and grading process. For manufacturingsuppliers, evaluations focus on environmental impact assessments and environmentalmanagement systems. For trading and integrated production suppliers, reviews areextended to their upstream suppliers. Moreover, this process also incorporates otherindicators including forced labor, occupational health and safety, and other issues todrive improvements in supplier sustainability performance and to foster a responsiblesupply chain ecosystem. Suppliers that fail to meet evaluation standards, are subject tomajor complaints, or or remain non-compliant following corrective actions aredisqualified and removed through a formal exit mechanism. In 2024, the Companystreamlined and updated its supplier database, enhancing overall supplier quality whileensuring the supply chain retains sufficient resilience and diversity.

As of the end of 2024,? The signing rate of the Social Responsibility Commitment for Suppliersreached 98%

2) Developing Industry Talent

We are actively engaged in talent development for the construction industry anddedicated to cultivating each individual into a high-caliber professional. We conduct in-depth research on evolving workforce demands across the industry and the current stateof talent development within colleges and universities. Anchored in six core pillars—Talent, Curriculum, Scenarios, Methodology, Management, and Services—Glodonrefines its education solutions to connect domestic and international universities withconstruction enterprises. These efforts underpin a comprehensive talent pipeline fordigital construction throughout the supply chain, fostering professionals with globalvision and strong technical expertise.

1. Fostering Industry Professionals

As a cornerstone of its talent strategy, Glodon is striving to build a high-qualitytalent chain to provide lifelong, specialized education services for industryprofessionals. The Company has developed an APP called Tian Tian Xiang Shang(Progress Every Day), a dedicated learning and communication community for projectmanagers, which integrates a wide array of construction-related educational resourcesand features an AI-powered assistant capable of responding to complex technicalqueries related to the construction industry. In parallel, the Online ConstructionCourse Platform has launched a rich and diverse range of courses, providing high-quality learning services to over 120,000 construction professionals and enhancing theknowledge and competencies of individuals in key roles. These platforms continuouslydeliver high-quality professionals at all levels to support the ongoing transformation,upgrading, and sustainable development in the construction industry.

Glodon is devoted to delivering full-lifecycle talent development services and hasdeveloped enterprise-focused talent assessment solutions aligned with role-specificcompetency requirements. These solutions incorporate scientific evaluation standards,customized assessments and tests that tailored to the enterprise needs, as well as datavisualization tools to present assessment results. The Company also actively supportsmulti-tiered vocational skills competitions by providing comprehensive softwaresupport and training services for national, sectoral, and company-level contests. In 2024,Glodon provided BIM software as the designated competition platform for the NationalVocational Skills Competition for Housing and Urban-Rural Development.The dedicated APP Tian Tian Xiang Shang for project managers in the construction sectoralso explored a new micro-learning model to enhance professional skills through

flexible, on-demand engagement. Additionally, Glodon collaborated with industryregulatory authorities and associations in eight provinces including Shaanxi andGuizhou, to host knowledge competitions during the national “Safety Month” and“Quality Month” campaigns, reaching more than 40,000 participants and effectivelyactivating talent engagement across the sector.Glodon also contributes to the development of international constructionprofessionals. In partnership with Guangxi Polytechnic of Construction (GXPC) andCambodia’s National Technical Training Institute (NTTI), the Company co-foundedthe China–Cambodia Institute of Modern Craftsmanship of Construction.Through joint development of vocational education standards and the sharing ofeducational resources, the initiative provides Chinese expertise and digital solutions tosupport the digital transformation of the global construction industry.

In 2024,? The APP Tian Tian Xiang Shang surpassed 40,000 registered users? Conducted 1,100 in-person training sessions for digital professionals, covering10,000 enterprise clients; total online and offline engagement exceeded 100,000participants? Delivered skills training for employees from over 10 central and state-owned

enterprises? Established course delivery partnerships with 19 international universities

Image: Glodon’s Integrated Talent Development Framework for the

Construction Industry

Case: The APP Tian Tian Xiang Shang Significantly Enhances ProjectManagement Capabilities

In 2024, Glodon partnered with Beijing Construction Engineering Group No.4Construction Engineering Company Limited to jointly launched a targeted traininginitiative—the “Pilot Program for the Enhancements of Project ManagementCapability”—as part of the Professionals Development Initiative, delivered throughthe Tian Tian Xiang Shang APP platform. The training was conducted entirely online,enabling participants to make use of fragmented time to study real-world engineeringcase. The program guided learners to apply acquired knowledge to practicalchallenges encountered in their own projects and to develop actionableimplementation plans or strategies accordingly. A comparison of pre- and post-training assessment scores revealed an average improvement of approximately 22%across all role categories, demonstrating the program’s significant learning outcomes.

2. Empowering Talent through University–IndustryCollaboration

Glodon is dedicated to building an integrated ecosystem for talent developmentthrough strategic collaboration between academic institutions and industry. Incurriculum development, the Company works closely with universities to co-createhigh-quality courses in emerging fields such as new design, new construction, and newoperations and maintenance. Together, they have established a comprehensive teachingframework encompassing the full instructional cycle—preparation, instruction,practice, examination, and evaluation. Glodon also develops digital literacy andapplication courses tailored for university faculty, supporting the cultivation of high-quality, dual-qualified, and dual-capable

teaching teams and injecting new vitality intoconstruction education. In 2024, Glodon provided enterprise-based practical training to47 universities and over 180 faculty members.

Dual-qualified and dual-capable means that the teaching staff should not only hold both teaching qualificationcertificate and engineer qualification certificate but also be capable of teaching and engineering practice.

In its efforts to promote deep integration of industry and education, Glodon hasformed long-term partnerships with academic institutions across various regions. Incollaboration with Beijing Polytechnic College, the Company co-launched a BIMEngineer Training Program, which earned Second Prize in the National TeachingAchievement Awards for its course titled “Empowering the Transformation andUpgrading of Smart Construction Majors through Digital Technologies: Explorationand Practice.” Glodon also partnered with Zaozhuang Vocational College of Scienceand Technology to establish the Smart Construction Industry Academy, an industry-education integrated training platform for talent cultivation, innovation incubation,technical services, and social training. In partnership with Henan Information andStatistics Vocational College, the Company implemented a college-industry engineertraining program, offering students vocational skills training and internshipopportunities. These initiatives have effectively improved employment andstrengthened the alignment of the education, talent, and industrial value chains—supporting a comprehensive upgrade of the talent development system within theconstruction industry.In the area of learning through competition, Glodon actively supports a wide rangeof professional contests in the field of architecture and construction. The Company hasprovided free software, hardware, and technical support for key contest projects underthe World Vocational College Skills Competition (WVCSC) hosted by the Ministryof Education, including BIM Modeling and Application, Intelligent PrefabricatedConstruction, and Digital Municipal Infrastructure. In 2024, Glodon supported 89participating universities that received awards in the competition. By integratingprofessional competitions with job skill certification, the Company has advanced theconvergence of job roles, curriculum, competitions, and certification, therebyestablishing a seamless pathway from education to employment for students andbuilding a high-quality talent reserve for the construction sector.

To further support students' career development, Glodon provides professionalskills assessment and career advisory services. The Company organizes the GlodonInformatization Application Skills Certification for Construction (GIAC), offersinternship opportunities, and helps students improve their practical abilities andprofessional competence. It also regularly hosts construction industry career guidancesessions and university–enterprise matchmaking events to strengthen the talent supplychain, delivering highly qualified, digitally capable professionals to the industry andhelping to address the imbalance between talent supply and demand.

In 2024,? Partnered with 14 academic institutions for joint talent cultivation and supply? Developed 23 employment-focused courses, supporting the job placement of

over 2,500 students? Engaged in social service cooperation with 84 institutions; 20

universities certified as corporate training bases? Administered 463 GIAC exams, with 56,000 individual examinees and

over 100,000 participationsAs of the end of 2024,? The “Construction Talent Chain” mini-program on WeChat recorded 5,891 job

seekers, 669 enterprises, and 8,774 posted job openingsIn 2024,

? Appointed as a Governing Member of China’s National University–Enterprise

Platform for Collaborative Innovation? Officially joined the Belt and Road Architectural University International

Consortium? Selected for the First Cohort of the Beijing On-site Engineer Talent Training

Program? Included in the Beijing Undergraduate Industry–University–Research

Integration Platform for talent development

Image: Development of the Smart Construction textbook series for highereducation, selected by the China’s Ministry of Education as part of the “14th Five-Year Plan” Higher Education Textbook System for strategic emerging disciplines.

Case: “Going Global · Growing Together” — Advancing International TalentDevelopment in IndonesiaOn December 2, 2024, Glodon organized the “Going Global · GrowingTogether” Overseas Talent Development Exchange Program under thecampaign “2024 International Smart Construction Study Tour toIndonesia.” The program offered in-depth insights into local talent developmentpathways within Indonesia’s construction sector and showcased China’s advancedpractices and excellent cases in professional training, talent development, andeducational innovation. Through close engagement with local universities, Glodonshared best practices and contributed to the discussion on establishing China–ASEAN (Indonesia) talent development standards. These exchanges also supportedthe internationalization of education and promoted the efficient allocation andsharing of educational resources, while cultivating professionals equipped withglobal vision and strong technical expertise.

Image: Delegation visit to Institut Teknologi Bandung (ITB)

3) Supporting Social Well-being

In alignment with the United Nations Sustainable Development Goal of “ReducingInequalities,” the Company remains committed to fostering inclusive and coordinatedsocial development. Glodon actively supports public welfare initiatives and leveragesits strengths as a technology enterprise—both in business capabilities and humancapital—to help underrepresented groups better integrate into society and share in thebenefits of development, building enduring bridges of care and love.

1. Empowering Vulnerable Groups

Glodon is a member of the China Volunteer Association and has establishedthe Glodon Volunteer Service Corps, encouraging employees to actively participatein public welfare initiatives in areas such as education, low-carbon development, andenvironmental protection. Through organized volunteer activities, the Companycontributes to building a more harmonious and inclusive society. In particular, Glodonhas led a series of public welfare programs supporting the elderly and individuals withdisabilities, under themes such as “Technology for Accessibility” and “SpecialEducation Support,” promoting respect, care, and dignity for all members of society.

In 2024,

? Total charitable donations reached 1.8997 million yuan? Investment in volunteer service activities totaled 100,000 yuan? Organized 10 volunteer events, with a total of 580 total volunteer participations

and a cumulative 1,191 hours of service—averaging 2.05 hours per volunteer? Conducted 3 community service activities

Image: Glodon launched the “Let Love Be Useful—Support the Artistic Dreams ofSpecial Education Children” donation campaign, where employees sold unuseditems to raise funds for music education and home-based rehabilitation support for

children in special education.

Image: The Glodon Volunteer Service Corps, in partnership with Beijing UrbanConstruction North Group and Peking University International Hospital, jointlyhosted a public welfare event themed “Cherish Life, First Aid at Hand.” Theinitiative provided emergency first-aid training and on-site medical consultationsfor over 80 project safety managers and more than 40 frontline construction site

supervisors to raise their safety awareness.

Image: Glodon organized the “Work Together to Support the Disable—Safeguarding the Craftsmanship Dreams” initiative, featuring an exhibition and

charity sale of handcrafted cultural and creative products by persons withdisabilities. The initiative encouraged broader public engagement in advancinginclusive employment and income generation for people with disabilities, fostering

a new business pattern for them.

2. Supporting Rural Development

Glodon actively responded to China’s national strategies on ruralrevitalization and common prosperity, advancing the digital transformation of ruraldevelopment, by applying digital tools to a wide range of construction projects underthe Beautiful Countryside Initiative. It has established a platform for the trading of ruralcollective property rights, helping to revitalize underutilized rural assets. With a focuson left-behind elderly populations in mountainous regions, Glodon has introducedinnovative support models such as “purchase instead of donation” and “books forproduce,” which promote mutual benefits and inclusive urban-rural development. By

aligning Party-building initiatives with the real needs of rural communities andcoordinating cross-sector resources, the Company injects great vitality and newopportunities into rural development. In 2024, Glodon invested 72,100 yuan in ruraldevelopment initiatives.

Image: Glodon launched a series of public welfare activities encouragingemployees to support the entrepreneurial aspirations of left-behind elderlyindividuals in rural areas by purchasing agricultural products and participating in

the “Books for Produce” donation.

Image: Glodon also organized science popularization programs to improve digitalliteracy among farmers, and hosted recreational and enrichment activities for the

left-behind elderly residents in rural areas.

Talent DevelopmentPut people ?rst and drive the momentum of national talent development. Glodon adheres to a talent developmentstrategy centered on professionalization, career development, and internationalization. The Company works to fostera healthy, inclusive, and harmonious workplace environment, providing employees with comprehensive support forcareer development, and nurturing a group of highly skilled, professional talent. Glodon places a strong emphasis onemployee care and well-being, sharing in the achievements of corporate growth, and continuously enhancing theoverall quality of life for its workforce.

Employee career well-being score:

4.28 (on a 5-point scale)

Total investment in employee training:

7.72 million yuan

Total investment in employee welfare programs:

17.7786 million yuan

Coverage of statutory socialinsurance and supplementarymedical insurance:

100%Number of managerialpersonnel trained:

In 2024,

Sustainable Development Goals

1) Building a High-Caliber Workforce

Glodon regards talent as a fundamental driver of its sustainable growth and strivesto develop a dynamic, high-potential workforce. The Company adheres to the principlesof diversity and equality in employment; continuously strengthens incentivemechanisms; enhances employee welfare systems; fully safeguards the lawful rightsand interests of employees and attracts outstanding professionals from both within andoutside the industry. By increasing investments in employee training, Glodon fostersan enabling environment for professional growth and unleashes employees’ potential,thus realizing a virtuous cycle of talent acquisition and capability development.

1. Diversity and Inclusion

Glodon supports and upholds the International Bill of Human Rights, adhering tothe Universal Declaration of Human Rights, the International Covenant on Civil andPolitical Rights, and the International Covenant on Economic, Social, and CulturalRights. The Company also complies with other core international human rightsinstruments such as the International Convention on the Elimination of All Forms ofRacial Discrimination, the International Convention on the Suppression andPunishment of the Crime of Apartheid, the Convention on the Elimination of All Formsof Discrimination Against Women, and the Convention Against Torture and OtherCruel, Inhuman or Degrading Treatment or Punishment. Glodon fully supportsthe International Labour Organization’s Declaration on Fundamental Principles andRights at Work, and stays committed to extending these protections to all employees,as well as to workers directly or indirectly employed throughout its supply chain. TheCompany’s international business activities are governed by clearly defined codes ofconduct that address respect for human rights and anti-discrimination.

The Company recognizes and protects employees’ rights to freedom of associationand collective bargaining, opposes all forms of forced labor, prohibits the employmentand use of child labor, and safeguards employees from discrimination. Glodonpromotes and protects fair labor practices by ensuring that all compensation meets orexceeds the statutory minimum wage standard in every country and region where itoperates. As part of its risk management system, the Company also proactivelyconducts human rights risk assessments and implements human rights due diligenceacross its operations, business activities, and value chain to identify potential risks andavoid involvement in human rights violations.

Glodon is dedicated to fostering a diverse, inclusive, and equal workplace. TheCompany actively recruits talent from a wide range of regions, cultural backgrounds,genders, and age groups, and respects the traditions and culture of all regions and ethnicgroups. In 2024, among newly hired employees, 63% were male and 37% were female,including individuals from 11 ethnic minority groups such as Manchu, Hui, Mongolian,Zhuang, Miao, Yi, and Tujia. Glodon strictly prohibits all forms of harassment, asoutlined in the Employee Code of Conduct and the Employee Code of Conduct Red LinePolicy. Moreover, a dedicated Sexual Harassment Investigation Committee has beenestablished, supported by internal reporting and investigation procedures to ensure allviolations are subject to strict disciplinary measures, thus providing a safe, respectful,and inclusive working environment for all employees.Glodon actively supports employment for persons with disabilities by offeringstandardized labor contracts in accordance with legal requirements and assigningsuitable positions based on their physical condition assessments. It ensures wages arefully paid on time and not lower than the local minimum wage standards, with socialinsurance provided under local laws. Based on the role characteristics, the Companypromotes flexible employment options such as remote work and flexible hours,depending on job requirements. It also guarantees equal access to developmentopportunities, by providing long-term employees with disabilities a clear path of careerdevelopment under a unified performance evaluation and promotion standards. Inaddition, all forms of discrimination are strictly prohibited. As of 2024, Glodon had sixlong-term employees with disabilities.The Company actively advances the localization of its overseas operations and hasintroduced the Overseas Recruitment Management Policy to strengthen laborcompliance management across its international subsidiaries, in strict adherence to lawsand regulations of the host countries and applicable international conventions.In 2024,? A total of 8,463 employees, including 408 from ethnic minority? Hired 787 new employees, of which 150 were recruited through campusrecruitment and 637 through social experienced hiring? 100% of labor contract signing rate? 100% of social insurance participation rate

2. Providing Employee-Centric Benefits

Glodon stays committed to fostering an environment in which outstanding talentcan thrive both professionally and personally. The Company continuously enhances itscompensation and performance management systems, and in 2024, updatedits Compensation Management Policy through frequent engagement with employeerepresentatives during the revision to ensure a scientific and reasonable compensationstructure. This process makes sure that employees’ rewards match their contributions,further stimulating their motivation and creativity at work. Glodon has also continuedto refine its multi-level, medium- to long-term incentive mechanisms, implementingsuch dedicated plans for key personnel to attract and retain top talent. In addition, atransparent and assessable dispute resolution mechanism for compensation andperformance matters has been established, allowing employees to submit inquiries orsuggestions via an online platform, with a dedicated team responding within a specifiedtimeframe. This ensures that every employee’s legitimate concerns are respected,fostering a fair, transparent, and motivating working environment.

The Company continues to enhance its benefits system by introducing uniquecompany-specific leave policies that provide employees with greater time and space forpersonal reflection and exploration. The company carries out holiday care activities anddistributes rich gifts for festivals such as Spring Festival, Mid-Autumn Festival, andDragon Boat Festival. It offers rental subsidies and assists employees in applying forpublic housing to alleviate their financial burdens, and provides support to facilitatehousehold registration (hukou) procedures for eligible employees, enabling them to

1746,21%

6185,73%

532,6%Employee EducationalBackground

Master’sdegreeandaboveBachelor’sdegreeAssociate degree and below

5036,60%3427,40%

Employee GenderDistribution

MaleFemale

5238,62%2917,34%

308,4%Employee AgeDistribution

35 years and below35–45 yearsOver 45 years

focus on their career development. Glodon also rolls out the supplementary medicalinsurance plans covering family members and introduces consumer loans andpreferential family interest rates to help employees meet their significant financialneeds. Special attention is also given to employees on assignment, with benefits suchas home visit leave to support work-life balance in all respects. In 2024, the Companyfocused on optimizing its benefits structure to better satisfy employee needs, enhancingcore benefits such as health checkups with increased service coverage. Additionally,investment in health checkups increased by 50% year-on-year, with per capitainvestment rising by 84% compared to the previous year. The frequency and quality ofcompany-sponsored club activities were also enhanced, with per capita investment incultural and recreational activities increasing by 18% year-on-year.In 2024,? Total employee welfare investment: 17,778,600 yuan? Employee Occupational health check-up investment: 4,089,100 yuan? Supplemental medical insurance investment: 5.81 million yuan, with 100%employee coverage? Cultural and recreational activity investment: 372,900 yuan? Holiday benefit investment: 7,506,600 yuan

Image: Glodon maintains close communication with employee representatives

during compensation policy revision

3. Supporting Employee Development

Glodon prioritizes building a comprehensive talent development system that alignswith the construction industry’s characteristics and evolving business needs, offeringtailored diverse training programs for different employee groups. The Companycontinues to upgrade its training and development framework, which integrates jobqualifications, learning pathways, and employee career growth, with a focus on targetedcourse development. It has further strengthened its internal trainer team, with theChairman and senior executives personally delivering courses, significantly improving

training effectiveness. In 2024, training satisfaction rose to 95%, and the averagetraining hours per employee increased by 37% compared to the previous year.For both campus and experienced hires, Glodon has established a comprehensiveonboarding program for new employees. Through executive-led lectures and on-sitevisits, this program allows employees to experience and gain a deeper understanding ofthe Company’s strategy, cultures, values, and behavioral expectations, so as to facilitaterole transitions and ensure their competence and adaptability for the role. For businessemployees, the Company organizes collaborative learning activities centered aroundthe “Customer Success” culture. In 2024, 132 business-line courses achieved acompletion rate exceeding 80%. A total of 5,838 employees completed all onlinecourses, while 977 voluntarily shared their learning reflections. The Company alsooffers skill development and leadership training for managerial roles, organizingGeneral Manager training camps focused on seven key business areas. 30 newlyappointed frontline managers participated in these intensive training sessions. Inaddition, Glodon organizes workshops for senior executives on critical topics such asstrategy, branding, sustainability, and supply chain management, further strengtheningthe talent pool essential for driving sustainable development.

The Company places a strong emphasis on employee career development andcontinuously refine its promotion system. Promotion opportunities are made availableon a regular basis each year, and an internal mechanism of personnel flow has beenestablished, providing employees with extensive growth opportunities and solid supportfor their professional development.In 2024,? Invested a total of 7.72 million yuan in employee training? 35,339 employees engaged in the training, with a participation rate of 87.55%? The training satisfaction rating reached 95%

Image: On-site group training for new

campus recruits

Image: Group photo of training for

new employees recruited through

social hiring

Image: "Customer Success" cultureco-learning and co-creation training

Image: Opening ceremony of theDOD24 Leadership Training Camp

Case: The Growth of New Campus Recruits at Glodon

Supporting the smooth transition of recent graduates into the workforce is a keypriority for Glodon’s talent management. In 2024, the Company introduced thecourse Entering the Workforce for the first time, designed to help new hires navigaterole transitions, understand behavior standards, and enhance key skills. This coursesuccessfully supported 147 campus recruits in their transition from academicenvironments to the workplace.

Following the initial training, each department implements systematic, role-specific training based on business, product, and position requirements. Every newtrainee is also paired with a one-on-one mentor to accelerate their integration to theteam, familiarize them with their responsibilities and work, and assist with solvingdifficulties. Additionally, an independent performance evaluation system is thendesigned based on the employee's entry and development stages, ensuring objectiveassessments of both training and work performance. This approach follows acomprehensive “Teach, Learn, Practice, Follow-up, and Evaluate” trainingframework and process, supporting new employees through every step of theirdevelopment journey.

“When I first joined as a campus recruit, I was entrusted with an importantdevelopment project. Within just six months, I achieved a breakthrough in 'high-performance solar radiation analysis algorithms' and therefore received theCompany’s 'Glodon New Generation Award'. Glodon offers a vast platform withabundant resources and opportunities. With China’s transformation andupgrading in intelligent manufacturing, increasing demands for greaterrefinement and efficiency in the industry, as well as the Company’s strides instarting a new undertaking, I believe that Glodon will continue to provide moreopportunities for campus recruits, empowering us to challenge ourselves andachieve growth.”

— A campus recruit from the 2022 cohort at Glodon

2) Building a Healthy Workplace

The Company places human care at the heart of its values, providing well-roundedsupport for its employees. It has established a wide range of communication platformsto ensure the free flow of ideas and concerns, enabling employees to express theirthoughts and requests openly and smoothly. The Company carries out various employeewelfare activities to ensure every employee’s happiness at work and workscontinuously to enhance their sense of belonging. Furthermore, Glodon is committedto creating a healthy and safe environment that strengthens employees' sense of security,providing comprehensive support to safeguard their well-being both at work and indaily life.

1. Implementing Democratic Management

The Company takes solid steps to promote democratic management, improvingand consolidating the mechanisms of workers’ congress, unions, and consultationgroups to guarantee employees’ rights to be informed, to supervise, and to participatein decision-making. By focusing on major issues that matter to employees, theCompany actively solicits their feedback and advice and ensures they are well-informedand fully engaged in major decisions that directly affect their own interests. In 2024,the annual workers’ congress held in-depth discussions on material issues, includingcompensation, benefits, and performance. Additionally, Glodon established a specialemployee consultation group to provide festive benefits, expanding the range of optionsavailable for these benefits while integrating the Company’s cultural values andcharacteristics. Employee suggestions were collected through questionnaire surveys,interviews, and other methods, and all employees are also entitled to vote on welfareplans, leveraging collective wisdom and joint efforts to enhance employee participationand satisfaction. The Company conducts an annual employee satisfaction survey to gaina deeper understanding of their needs, work conditions, and expectations, continuouslyimproving their sense of recognition and belonging and fostering mutual growthbetween the employees and the Company. In 2024, 5,829 employees participated in theoccupational satisfaction survey, with nearly 5,000 employees offering constructivefeedback. The satisfaction survey results showed that employee job satisfaction was

4.28 points (out of 5).

The Company also works to strengthen internal communication and provide avariety of channels for employees to voice their concerns. It actively implements a top-down communication system supervised by the human resources department to ensure

that information is conveyed accurately and completely, thereby reducing potentialrisks arising from miscommunication. It introduced and implemented the ManagementGuidelines for North G Star Forum to regulate the forum's operation and managementand ensure that employee queries and suggestions are addressed. In 2024, thecommunity engagement rate of the forum significantly increased, with employeeparticipation reaching an average of 83% per month, double the participation rate of2023. Every quarter, the Company holds an event called G’s Talk, where executivesshare business updates and the Company’s strategic direction, responding to frequentquestions raised by employees, so as to continuously stimulate employee cohesion andmorale. Furthermore, the Company has deeply embedded the “Three Affinities” culture(affinity with customers, affinity with products, and affinity with employees), with theChairman and senior executives regularly meeting with specific departments andfrontline employees to engage in face-to-face communication, addressing businesschallenges and practical needs. This ensures a smooth flow of information betweenmanagement and staff, building trust and fostering a stable internal environment thatsupports the Company’s growth.

In 2024,? 132 representatives of employees attended the Workers’ Congress? 42% of employees are union members? 141 employee inquiries were addressed in internal forums

2. Enriching Employee Well-being

At Glodon, we prioritize our employees' sense of belonging and happiness,fostering a warm and supportive workplace environment. We offer not only materialsupport but also emotional care. We keenly assist our employees faced with challenges,providing financial aid to them and their families, along with psychological support andpractical help in their lives to overcome difficulties. In 2024, the Glodon Family Fundreceived a total of 864,600 yuan in donations, benefiting nearly 140 employees.

The Company continuously enhances its office environment by introducingmodern facilities and thoughtful spatial design to improve employee comfort and workefficiency. Smart systems are applied to precisely control the temperature and humidityof the offices, ensuring a comfortable and pleasant working environment. The staffcanteen offers a wide range of healthy and nutritious meals. In addition, facilities suchas nursery rooms, gyms, and libraries are available to all employees at no cost, ensuring

a considerate and convenient workplace that fosters employees’ productivity and well-being.Glodon also organizes a wide array of cultural and sports activities to enrichemployees’ leisure time, enhancing team cohesion and promoting a positive andengaging work atmosphere. The Union Club offers popular programs such asbadminton, table tennis, basketball, football, and healthy running. Additionally, a newYoga Club will be launched in 2025, all of which play a significant role in promotingphysical well-being and team solidarity. Events celebrating International Women's Dayare held to celebrate the achievements of women and empower female employees,delivering and promoting values that support their professional development tostrengthen their confidence and sense of belonging. The Company also organizes avariety of traditional cultural celebrations, such as for the Spring Festival, Dragon BoatFestival, and Mid-Autumn Festival, further enriching employees’ cultural lives.In 2024,? Total donations to the Family Fund amounted to 864,600 yuan? Provided care and support to nearly 140 employees and their family members? Allocated nearly 1.7 million yuan in employee assistance funding? Over 800 cultural and sports events were held

Image: Glodon organized employee

yoga training sessions

Image: Glodon successfully held theinaugural “Chang’an Cup” football

competition

Image: Glodon presented flowers tofemale employees in celebration of

International Women’s Day

Image: Glodon provided a selection ofdelightful afternoon tea offerings to

employees

3. Occupational Health and Safety

Glodon places a high priority on office building safety and has adopted intelligenttechnologies to strengthen security. Facial recognition systems and digital visitorregistration terminals are deployed to manage visitor access and registration, while atiered authorization system is implemented for access control. Regular safetyinspections are also carried out across heating, ventilation, and air conditioning systems,power distribution facilities, and building fa?ades to identify and eliminate potentialhazards.

Glodon has developed comprehensive emergency response plans and establisheddisaster early warning systems. The contingency plans cover emergency coordination,on-site handling, and medical assistance, while the response plans provide tailoredprotocols for scenarios such as fires, natural disasters, and falling objects. Meanwhile,regular safety training and emergency drills—including fire safety training, first aidtraining, and evacuation drills—are conducted.

To promote employee well-being, Glodon provides a wide range of health supportservices and facilities. On-site wellness rooms are established and equipped withmultiple medical supplies such as smart health monitoring devices, oxygen tanks,wheelchairs, and first-aid medical cabinets. Free on-site medical consultations areorganized to provide employees with direct access to professional health advice. Inaddition, Glodon has also set up pressure-relieving and wellness spaces, includingrelaxation rooms and fitness areas to meet employees’ daily needs for rest and stressrelief, thereby improving both work efficiency and overall quality of life.

The Company maintains stringent controls to mitigate food safety risks. Measuresinclude internal audits, a three-tier supplier management system, issue-specific riskrectification, and self-inspection under the food safety testing program. The scope oftesting covers pesticide residue levels in vegetables, the doneness of soymilk, acid valueand peroxide level in cooking oils, as well as hygiene checks on tableware and handsof food service personnel. These procedures ensure the safety and hygiene of mealsserved in the staff canteen. In 2024, no food safety incidents were reported.

In 2024,? 100% coverage of occupational health check-up for employees? 56 emergency drills conducted? Total work-related injury insurance coverage amounted to 5.25 million yuan

Appendix

1) Key Performance Indicators

Environmental Performance

PerformanceIndicator

Sub-Indicator Unit 2020 2021 2022 2023 2024ClimateChangeResponse

Total CarbonEmissions

tCO

5519.39 3515.68 3187.27 7619.23

10316.22

Scope 1 Carbon

Emissions

tCO

/ / 142.67 222.15 234.41

Scope 2 CarbonEmissions

tCO

/ / 3044.60 7397.08 10081.81

EnergyConsumption

Total PurchasedElectricity

million kWh

5.9598 5.2546 5.3386 16.0726

16.3676

Total Natural GasConsumption

m

70,000 49,000 53,000 95,800 97,000

Total GasolineConsumption

t 16.00 8.45 9.60 5.18 8.55ResourceConsumption

Total Office PaperConsumption

t 29.50 14.30 6.00 11.16 9.17Waste

Non-HazardousWaste

t 197.96 173.70 174.50 1169.26 1271.52Hazardous Waste t 0.50 0.56 0.04 0.56 0.41

From 2023 onward, the scope of environmental performance statistics includes Glodon’s office buildings in Beijing, Shanghai, andXi’an. For the period from 2020 to 2022, data coverage was limited to the Beijing Headquarters Building. Glodon’s Smart Constructionand South China Headquarters in Guangzhou is scheduled to commence operations in July 2025; as such, its full-year data is unavailableand will be incorporated into the statistical scope beginning in 2026.

Restatement of Historical Data:

Natural Gas CO? Emission Factor: Due to a unit error in the CO? emission factor for natural gas in 2023, the originally applied factorof 0.002162 kg CO?/m? has been corrected to 2.16 kg CO?/m?.Electricity CO? Emission Factor: The emission factor for electricity was updated in 2023 from 0.5703 kg CO?/kWh (as per the Ministryof Ecology and Environment’s Notice on Doing a Good Job in 2023-2025 Reporting and Management of Greenhouse Gas Emissions ofPower Generation Enterprises) to 0.5366 kg CO?/kWh, based on the 2022 power CO? emission factors jointly released by the Ministry ofEcology and Environment and the National Bureau of Statistics in 2024.

Following these updates of factors, the Company has revised the total carbon emissions as well as Scope 1 and Scope 2 carbon emissionvalues for 2023. These restatements result from updates in accounting methodologies and does not reflect an actual increase in emissions.

As part of the Company’s continuous enhancement of its carbon emissions accounting framework, purchased thermal energy was

newly included in 2024, enabling more comprehensive coverage.

Restatement of Historical Data: Some electricity consumption data in 2023 had not been finalized by the reporting deadline.

Consequently, previously reported values were based on estimates and have been subsequently revised to reflect actual usage.

The increase in purchased electricity is primarily due to the expansion of IT infrastructure. With the continuous growth of Glodon’s

AI-related business, there is an increasing demand for IT infrastructure expansion, the Xi’an R&D Centre Building added 37 new serversto its IT center in 2024, leading to a 45% year-on-year increase in power consumption in the core server room. With further business growth,a growing need for IT capacity expansion is anticipated, therefore the Company is concurrently implementing energy-saving initiatives forservers to mitigate carbon emission increases.

The reason for the increase in total natural gas consumption is that the energy utilization of employees hasincreased. Guanglada Xi'an Tower has been providing employees with dinner since the second quarter of 2023 andhas continued to do so throughout 2024. This has led to an increase in natural gas consumption, but it has alsoenhanced employees' sense of belonging and work efficiency.

The reason for the increase in the amount of harmless waste discharged is the same as that for the increase inthe total consumption of natural gas, as stated in footnote 14.

WaterResources

Total WaterConsumption

t

64862 28660 28904 109689 115187

Total Freshwater

Consumption

t

64442 28250 28474 106145 115187Recycled WaterVolume

t

420 410 430 3544 0Water ConsumptionIntensity

t/millionyuan

/ / / 16.81 18.57

Social PerformancePerformanceIndicators

Sub-Indicator Unit 2020 2021 2022 2023 2024

Employment

Total Number ofEmployees

/ 8213 9486 10683 10349 8463Number of MaleEmployees

/ 4910 5873 6489 6259 5036Number of FemaleEmployees

/ 3303 3613 4194 4090 3427Number ofEmployees fromEthnic Minority

Groups

/ 457 511 558 885 409Number of NewRecruits During the

Reporting Period

/ 2316 2784 2971 1874 787Number of Part-Time Employees

/ / / 0 0 0Number of Full-Time Employees

/ 8213 9486 10683 10349 8463Number of Interns

/ / / 151 147 50Number ofEmployees withMaster’s Degree or

Above

/ / 1464 1810 2017 1746Number ofEmployees withBachelor’s Degree

/ / 7146 8042 7677 6185Number ofEmployees withAssociate Degree or

Below

/ / 876 795 655 532Percentage ofEmployees Covered

% 100 100 100 100 100

The reason for the increase in total water consumption is the same as that for the increase in total consumptionof natural gas. Please refer to footnote 14 for details.

From 2020 to 2022, the data of total water consumption included only the Beijing Headquarters Building; therefore, waterintensity could not be calculated during that period. Beginning in 2023, water consumption statistics have been expanded to coverCompany-owned office buildings in Beijing, Xi’an, and Shanghai.

by Five StatutorySocial Insuranceand One Housing

FundCoverage RateLabor ContractSigning

% 100 100 100 100 100

EmployeeDevelopment

Overall Employee

Turnover Rate

% 19.00 24.00 18.00 20.35 23.05Male EmployeeTurnover Rate

% 20.00 25.00 20.00 21.25 24.45Female Employee

Turnover Rate

% 18.00 21.00 15.00 18.97 20.90Overall Percentage

of EmployeesReceiving Training

% 62.80 93.00 98.00 96.75 87.55Percentage of Male

EmployeesReceiving Training

% 63.80 93.00 98.00 97.89 88.56Percentage ofFemale EmployeesReceiving Training

% 63.20 93.00 98.00 95.01 86.05

Health and

Safety

Number of Fire

Drills

/ 2 2 2 13 24OccupationalHealth CheckupCoverage Rate

% 100 100 100 100 100Maternity LeaveUtilization Rate

% 100 100 100 100 100Number ofFatalities due to

Occupational

Injuries

/ 0 1 1 0 1Fatality Rate due to

Occupational

Injuries

% 0 0.01 0.009 0 0.01Number of LostWorkdays due to

Occupational

Injuries

/ 0 64 354 193 275Supply ChainManagement

Total Number of

Suppliers

/ 1075 837 1836 3246 1205

Number of ChineseDomestic Suppliers

/ / / 1836 3233 1202

The total number of suppliers decreased in 2024 due to the Company’s systematic streamlining of the supplier database.Suppliers were removed based on the following criteria: no participation in quotation or bidding activities for three consecutiveyears after the inclusion into the database; expiration of one-off cooperation agreements; or failure to meet compliancerequirements during audits.

Number ofOverseas Suppliers

/ / / 0 13 3

Number ofManufacturingSuppliers Assessedfor Environmental

and Social Risks

/ / / / 26 0Percentage ofSuppliers Signingthe CorporateSocialResponsibility

% / / 39.10 92.60 98.00Number of SupplierAudits

/ / / / 60 54Number ofSuppliers Improved

following Audits

/ / / 17 35 39Number ofSuppliersTerminatedfollowing Audits

/ / / 39 0 15

Employee

Care

Number of Donorsto the Family Fund

/ 3648 3942 3183 2305 1477Total Amount ofDonations to the

Family Fund

million yuan

1.1059 1.385 1.164 1.84 0.8646Number ofEmployees andFamily Members

Supported

/ 94 108 120 135 138

CommunityEngagement

Number ofEmployeeVolunteerParticipations

/ 213 357 399 283 580Total Amount of

CharitableDonations

million yuan

5.7739 8.1731 18.3361 18.7580 1.8997

Economic Performance

Performance

Indicator

Sub-Indicator Unit 2020 2021 2022 2023 2024Operational

Efficiency

Total Assets billion yuan

9.547 10.068 11.545 10.676 10.231Operating Revenue

billion yuan

3.947 5.562 6.591 6.525 6.203Total Profit million yuan

410 758 1078 150 310Asset-to-Liability

Ratio

% 31.31 37.69 41.09 40.25 40.58Research andDevelopment

Number of Patent

Applications

/ 127 210 155 138 286

(R&D)

Number of Patents

Granted

/ 94 18 29 59 87Number ofRegistered

SoftwareCopyrights

/ 87 80 281 85 58Number ofRegisteredTrademarks

/ 65 168 78 44 55Total R&DInvestment

billion yuan

1.339 1.626 1.858 1.963 1.805R&D Investment as

a Percentage ofOperating Revenue

% 33.93 29.23 28.36 30.09 29.10R&D Personnel as

a Percentage ofTotal Employees

% 40.05 41.46 40.61 45.43 39.25ComplaintResolution Rate(User Satisfaction

Rate)

% 100 100 100 100 100

2) GRI Index

Disclosure Item Section Reference2-1 Organizational details About Glodon2-2 Entities included in the organization’ssustainability reporting

About this Report2-3 Reporting period, frequency, and contact About this Report2-4 Restatements of information Appendix-Environmental

Performance2-5 External assurance Appendix-Rating Report2-6 Activities, value chain and other businessrelationships

About Glodon2-7Employees Appendix-Social

Performance2-8Workers who are not employees Appendix-Social

Performance2-9 Governance structure and composition Enhancing Corporate

Governance2-10 Nomination and selection of the highestgovernance body

Enhancing Corporate

Governance2-11 Chair of the highest governance body Enhancing Corporate

Governance2-12 Role of the highest governance body inoverseeing the management of impacts

Four-Element Disclosure2-13 Delegation of responsibility for managingimpacts

Four-Element Disclosure2-14 Role of the highest governance body insustainability reporting

Four-Element Disclosure2-1 Conflicts of interest Enhancing Corporate

Governance2-16 Communication of critical concerns Stakeholder Engagement2-17 Collective knowledge of the highest governancebody

Four-Element Disclosure2-18 Evaluation of the performance of the highestgovernance body

Four-Element Disclosure2-19 Remuneration policies Refer to Annual Report2-20 Process to determine remuneration Refer to Annual Report2-21 Annual total compensation ratio Refer to Annual Report2-22 Statement on sustainable development strategy Four-Element Disclosure2-23 Policy commitments Four-Element Disclosure

2-24 Embedding policy commitments Four-Element Disclosure2-25 Processes to remediate negative impacts Stakeholder Engagement2-26 Mechanisms for seeking advice and raisingconcerns

Stakeholder Engagement2-27 Compliance with laws and regulations

Enhancing Corporate

Governance2-28 Membership of associations

Actively AdvancingIndependent Innovation2-29 Approach to stakeholder engagement Stakeholder Engagement2-30 Collective bargaining agreements

Building a Healthy

Workplace3-1 Process to determine material topics

1)Assessment of Topic

Materiality3-2 List of material topics

1)Assessment of Topic

Materiality3-3 Management of material topics Four-Element Disclosure203-1 Infrastructure investments and supportingservices

Supporting Social Well-

being203-2 Significant indirect economic impacts Responsible Supply Chain

205-1 Operations assessed for risks related tocorruption

Upholding Business

Ethics205-2 Communication and training about anti-corruption policies and procedures

Upholding Business

Ethics205-3 Confirmed incidents of corruption and actionstaken

Upholding Business

Ethics206-1 Legal actions for anti-competitive behavior,anti-trust, and anti-monopoly practices

Upholding Business

Ethics207-1 Approach to tax Refer to Annual Report207-2 Tax governance, control, and risk management

Enhancing Corporate

Governance207-3 Stakeholder engagement and management ofconcerns related to tax

Refer to Annual Report207-4 Country-by-country reporting Refer to Annual Report302-1 Energy consumption within the organization

Upholding Low-Carbon

Operations302-2 Energy consumption outside of the organization

Upholding Low-Carbon

Operations302-3 Energy intensity

Appendix-Environmental

Performance302-4 Reduction of energy consumption

Upholding Low-Carbon

Operations

302-5 Reductions in energy requirements of productsand services

Upholding Low-Carbon

Operations305-1 Direct (Scope 1) GHG emissions

Upholding Low-Carbon

Operations305-2 Energy indirect (Scope 2) GHG emissions

Upholding Low-Carbon

Operations305-3 Other indirect (Scope 3) GHG emissions

Upholding Low-Carbon

Operations305-4 GHG emissions intensity

Upholding Low-Carbon

Operations305-5 Reduction of GHG emissions

Upholding Low-Carbon

Operations305-6 Emissions of ozone-depleting substances (ODS)

Not Applicable305-7 Nitrogen oxides (NOx), sulfur oxides (SOx),and other significant air emissions

Not Applicable308-1 New suppliers that were screened usingenvironmental criteria

Responsible Supply Chain

308-2 Negative environmental impacts on the supplychain and actions taken

Responsible Supply Chain

401-1 New employee hires and employee turnoverrate

Appendix-Environmental

Performance401-2 Benefits provided to full-time employees thatare not provided to temporary or part time employees

Building a High-Caliber

Workforce401-3 Parental leave

Building a High-Caliber

Workforce404-1 Average hours of training per year peremployee

Building a High-Caliber

Workforce404-2 Programs for upgrading employee skills andtransition assistance programs

Building a High-Caliber

Workforce404-3 Percentage of employees receiving regularperformance and career development review

Building a High-Caliber

Workforce405-1 Diversity of governance bodies and employees

Building a High-Caliber

Workforce405-2 Ratio of basic salary and remuneration ofwomen to men

Refer to Annual Report406-1 Incidents of discrimination and correctiveactions taken

No incidents reported408-1 Operations and suppliers at significant risk forincidents of child labor

No incidents reported409-1 Operations and suppliers at significant risk forincidents of forced or compulsory labor

No incidents reported

414-1 New suppliers that were screened using socialcriteria

Responsible Supply Chain

414-2 Negative social impacts in the supply chain andactions taken

Responsible Supply Chain

417-1 Requirements for product and serviceinformation and labeling

Building Excellence in

Quality417-2 Incidents of non-compliance concerningproduct and service information and labeling

No incidents reported417-3 Incidents of non-compliance concerningmarketing communications

No incidents reported418-1 Substantiated complaints concerning breachesof customer privacy and losses of customer data

No incidents reported

3) Terminology Interpretation

The Ninth Three-

Year Strategy

? It refers to Glodon’s ninth three-year strategic plan,covering the period from 2023 to 2025.

Digital Building

? Digital building refers to the industry strategy ofpromoting transformation and modernization of theconstruction industry with information technologies suchas BIM, cloud computing, big data, IoT, mobile internet,and AI. The strategy employs advanced lean constructionmethods and integrates people, processes, data,technologies, and business systems to make allconstruction processes, factors and stakeholders online,digital, and smart. It creates a new ecosystem thatinvolves projects, enterprises and the entire industry. Bypromoting industrial innovations featuring digital design,construction and O&M approaches, Glodon aims toimprove the industry and achieve the goal of makingevery project a success.

Digital Design

? A methodology driven by digitalization and engineeringdata integration, establishing a unified collaborative workmodel encompassing the whole process, all designfactors, and all participants involved in the design phase.This approach facilitates pre-simulation of constructionand operational scenarios during the design phase,enabling fully digital prototypes and integrated deliverysolutions. Its objectives include enhancing designefficiency, fostering project collaboration, expandingenterprise operations, improving industry supervisionand regulation, and ultimately empowering the digitaltransformation and advancement of the design sector,ensuring the success of every engineering project.BIM

? BIM refers to Building Information Modeling, amodeling approach that leverages diverse constructionproject-related information and data as the foundation forbuilding models, enabling the simulation of real-worldbuilding information through digital means.CIM

? CIM refers to City Information Modeling, it is anintegrated modeling approach grounded in technologiessuch as Building Information Modeling (BIM),Geographic Information Systems (GIS), and the Internetof Things (IoT). CIM synthesizes multi-dimensional and

multi-scale city model data, incorporating above-groundand underground, indoor and outdoor, historical andfuture data, along with urban perception data, to establisha comprehensive and sound city information complexwithin a three-dimensional digital space.

SaaS

? SaaS means Software-as-a-service, which is aninnovative software application model where vendorshost application software on servers, allowing customersto subscribe to tailored application software servicesbased on their specific needs. Customers may pay feescorresponding to their subscribed services and duration,receiving related services in return.BUG

? BUG means software defects, which refers to problems,errors, or hidden functional flaws present in computersoftware or programs, impeding their normal operationand potentially damaging users’ demands and experience.

AI

? Artificial Intelligence (AI) represents a burgeoningtechnology dedicated to studying, developing, andapplying theories, methodologies, technologies, andapplication systems aimed at simulating, extending, andaugmenting human intelligence.

EngineeringProject Lifecycle

? The entire lifecycle of engineering project encompassesthe whole process of construction project, from theproject approval to its completion, utilization, andeventual obsolescence. This lifecycle typically spans thephases including, feasibility analysis, design, tendering(trade or purchasing), construction, operation andmaintenance, and project demolition.

4) Reader Feedback

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