长亮科技(300348):2025年度可持续发展报告（英文）
原标题:长亮科技:2025年度可持续发展报告（英文） continued to stand at the forefront, demonstrating enduring vitality and unwavering resolve, and intelligent project resource scheduling and risk early warning, driving data-informed scienti?c decision. has delivered gratifying results. Deepen IT Application Innovation Layout。 Robust Financial Fundamentals Addressing system iteration demand, Sunline will drive product innovation and service transformation Despite elongated revenue recognition cycles for large-scale projects, intensifying competition, with new technologies and concepts, while delivering greater value to clients. Moreover, leveraging and overseas headwinds, we delivered resilient growth: revenue increased by over 10% YoY, and our years of strength in core banking systems, we will actively expand new product innovation and net operating cash ?ow surged by more than 20%. ecosystem development in the e-CNY business.Consolidated Domestic Leadership Accelerate Globalization Sunline reinforced its dominance in core banking systems, securing the highest number of bids Leveraging on a decade of Southeast Asia expertise, Sunlien will solidify regional leadership via bench- and the largest total contract value in the industry—underscoring our recognized expertise in mark projects while expanding into the Middle East and Africa. Efforts will focus on product localiza- ?nancial core system solutions. tion, local service teams, and stronger overseas delivery capabilities. Substantive AI Native Breakthroughs Implement Re?ned ManagementAI Agents now permeate the full lifecycle, spanning requirements analysis, code development, Sunline will drive cost reduction and ef?ciency gains by standardizing project management and mod- product testing, and customer operations. "DataMind+AI" empowers the marketing journey via ular implementation,instituting granular cost control, and cultivating AI-ear composite talent,thereby multi-agent collaboration and systematically rede?nes the production paradigm for ?nancial raising organizational ef?ciency and gross margins. software through its R&D and delivery suite of AI Agents, featuring TRP (intelligent requirements analysis), TCR (intelligent code interpretation), and TestHand (intelligent testing). The narrative has shifted from "tool assistance" to "human-AI symbiosis," unleashing unprecedented productivity. Dear Investors: Since inception, Sunline has remained anchored in technological innovation and client value. Facing the opportunities and challenges of 2026, we make the following commitments:Milestone Overseas Expansion Long-Term Focus: Staying the course in core FinTech, avoiding short-term speculation in favor of Following the historic 2024 win with a local Thailand bank, 2025 saw us secure a core banking doing what is dif?cult but right. system contract with a major Singaporean bank. This validates Sunline's global competitiveness and lays a solid foundation for international scaling. Stronger Technology Moat: Deepening R&D investments in AI, IT Application Innovation, and global expansion to fortify sustainable competitive advantage.Challenges, however, remain: the revenue mix requires optimization, resulting in periodic perfor-mance ?uctuations; overall gross margins have slipped to historical lows; and overseas products Balanced Governance: Delivering returns to both shareholders and employees while driving are still under re?nement, creating an urgent need to enhance delivery ef?ciency and quality. lasting value through continued innovation. The wise adapts to change Prudence responds to circumstanceLooking ahead to 2026, guided by deep industry insight and clear self-awareness, Sunline will focus on four strategic directions: In a time when technology reshapes ?nance, Sunline will embrace change and lead innovation with Drive "AI Native" Strategy sharper insight and resolute execution. By driving our "AI Native" strategy, deepening IT application Sunline will deeply infuse AI across the full R&D, product, and operations chain. innovation layout, accelerating globalization, and implementing re?ned management, we will Empower R&D: Leverage AI to mine application scenarios, enhance programming ef?ciency, and achieve a new leap in 2026—delivering greater, more sustainable value to every investor. enable defect prediction and automated veri?cation, thereby comprehensively improving deliv-Thank you all ！ ery ef?ciency and quality. Drive Product Innovation: Build an intelligent data middle platform via the DataMind platform; launch Smart Marketing Agents, Operational Analytics Agents, Smart Testing Agents, and more; construct high-precision risk control models; and explore and develop tailored solutions leverag-—— 长亮科技董事长 ing large models for vertical ?nancial scenarios. Big Data Application System Solutions, and Full Financial Value Chain Management Solutions. In Industry Overview addition, we also have specialized overseas business-related products and solutions.As 2025 marks the conclusion of the "14th Five-Year Plan", the macro economy remains stable, Products and Solutions while the software and IT services sector is seeing steady expansion despite slowing pro?t growth.Driven by robust policies, 2025 is a pivotal year for the structural reshaping of China's banking Process-Level Innovation sector. Guided by the "Five Major Financial Tasks" and the Implementation Plan for Digital Finance ? AI-Powered Modelling Methodology High-Quality Development in Banking and Insurance Industry, digital ?nance has evolved from an Sunline has pioneered an AI-Powered Modelling Methodology that integrates arti?cial intelli-internal transformation project into an ecosystem foundation for the real economy. This shifts the gence with industry best practices across the entire software development lifecycle (SDLC)—from industry focus from "scale expansion" to "high-quality development".requirement gathering and analysis to design, development, testing, deployment, and go-live. In terms of IT spending, investment is pivoting toward data governance, large AI models, indige-This approach enables the transformation of traditional business requirements into structured nous IT substitution, inclusive risk control, and green accounting, while traditional channel spend- digital assets, shifting development from a code-driven to an asset-driven model. By embedding ing declines. For FinTech, these areas represent key growth vectors.generative AI into each stage of the SDLC, Sunline provides intelligent assistance to help ?nancial Regarding market size, banking IT investment reached CNY 169.3 billion in 2024 (Solutions: 71.3 institutions reimagine development work?ows and accelerate intelligent system construction.billion). IDC forecasts the IT solutions market will hit 103.9 billion by 2029, with a CAGR of 7.8%. In AI evolution: AI is integrating into core operations, transitioning from "Large Models" to "AI Comprehensive Product Portfolio Agents." This marks a leap from e?ciency tools to autonomous decision-making. Investment in AI ? Digital Finance agents is projected to surge from CNY 0.95 billion in 2025 to 19.3 billion by 2030.Built on a robust enterprise architecture, Sunline's digital ?nance solutions combine cutting-edge The internationalization of digital ?nance has continued to deepen. Leveraging mature technolo-technology with deep ?nancial business expertise. Utilizing microservice and componentized gies in payment solutions and core banking systems, Chinese FinTech enterprises have accelerat-structures, our o?erings span core banking, lending, card services, and channel manage-ed their expansion into emerging markets such as Southeast Asia and the Middle East, driving the ment—empowering comprehensive digital transformation for ?nancial institutions of all sizes.overseas adoption of Chinese standards and technical solutions. Furthermore, policies including the Compliance Guidelines for Promoting and Regulating Cross-Border Data Flow in the Financial ? Data Intelligence Sector have provided clear compliance guidance for technology going global.With a foundation in real-world ?nancial data practices, Sunline provides full-spectrum data solutions covering data strategy, data middle platforms, data governance, analytics applications, Company Pro?le and asset management. From business digitization, data capitalization, asset servitization to service commercialization, these solutions enable institutions to extract actionable insights, Sunline stands as a global leader in FinTech solutions providers. Leveraging its proprietary core improve operational e?ciency, and drive data-informed innovation.technology system and deeply integrating big data, AI, and distributed technologies, it builds a secure and controllable digital foundation. Sunline delivers consulting, FinTech products, IT ? Financial Management services, and full-stack solutions that comprehensively cover core business areas such as digital Sunline empowers ?nancial institutions to achieve digitization in ?nance and accounting opera-?nance, smart ?nance, and intelligent ?nance ecosystems. With its technological expertise and tions. Our ?nancial management solutions support value-based data measurement, evaluation, scenario-based implementation capabilities, it precisely meets ?nancial institutions' core needs and analysis, providing the foundation for strategic decision-making and holistic ?nancial value in digital transformation—e?ciency improvement, risk control, and value discovery—helping management. customers achieve high-quality digital and intelligent upgrades. Full Financial Value Chain Management Solutions Oracle EBS General Ledger (GL) system. Following the principle of "establish the new ?rst, then phase out the old", the bank aims to achieve greater technological autonomy and digital upgrades.Sunline successfully delivered key projects for major clients across the full ?nancial value chain. Riding Leveraging deep expertise in banking GL systems and full-stack IT Application Innovation capa-the wave of IT Application Innovation, Sunline consolidated and expanded its market share in 2025.bilities, Sunline played a key role in reconstructing the bank's GL architecture. Based on a self-de- General Ledger & Finance veloped platform, Sunline collaborated with the bank to design and deliver an integrated GL In 2025, Sunline successfully completed the production launch and delivery for major bank proj-management system that supports both domestic and overseas operations.ects, including a large state-owned commercial bank and the head o?ce of another such institu-The project successfully migrated from Oracle EBS, signi?cantly enhancing GL standardization tion. Demonstrating strong technical and solution capabilities amid massive data volumes, and operational intelligence. With superior closing e?ciency and reporting timeliness, the new personalized needs, and strict ?nancial and business monitoring, the projects not only met the system solidi?es core tech independence and supports the bank's digital transformation and banks' IT application innovation and self-reliance requirements, but also provided robust system ?nancial tech innovation strategies. support for uni?ed accounting, deep business-?nance-tax integration, re?ned ?nancial manage-ment, and improved e?ciency—e?ectively advancing their digital transformation.Value Management Overseas Business and Global Expansion With the deepening digital transformation of the banking sector, banks are placing higher Case | Sunline's Strategic Partnership with a Leading Singapore Bank on Core System Digitizationdemands on re?ned management, precise pricing, customer strati?cation, and cost control. The Full Financial Value Chain Management Solutions Oracle EBS General Ledger (GL) system. Following the principle of "establish the new ?rst, then phase out the old", the bank aims to achieve greater technological autonomy and digital upgrades.Sunline successfully delivered key projects for major clients across the full ?nancial value chain. Riding Leveraging deep expertise in banking GL systems and full-stack IT Application Innovation capa-the wave of IT Application Innovation, Sunline consolidated and expanded its market share in 2025.bilities, Sunline played a key role in reconstructing the bank's GL architecture. Based on a self-de- General Ledger & Finance veloped platform, Sunline collaborated with the bank to design and deliver an integrated GL In 2025, Sunline successfully completed the production launch and delivery for major bank proj-management system that supports both domestic and overseas operations.ects, including a large state-owned commercial bank and the head o?ce of another such institu-The project successfully migrated from Oracle EBS, signi?cantly enhancing GL standardization tion. Demonstrating strong technical and solution capabilities amid massive data volumes, and operational intelligence. With superior closing e?ciency and reporting timeliness, the new personalized needs, and strict ?nancial and business monitoring, the projects not only met the system solidi?es core tech independence and supports the bank's digital transformation and banks' IT application innovation and self-reliance requirements, but also provided robust system ?nancial tech innovation strategies. support for uni?ed accounting, deep business-?nance-tax integration, re?ned ?nancial manage-ment, and improved e?ciency—e?ectively advancing their digital transformation.Value Management Overseas Business and Global Expansion With the deepening digital transformation of the banking sector, banks are placing higher Case | Sunline's Strategic Partnership with a Leading Singapore Bank on Core System Digitizationdemands on re?ned management, precise pricing, customer strati?cation, and cost control. The footprint and enhance product capabilities in green, intelligent, and sustainable development. We will also uphold the highest standards of ESG principles, striving to create a FinTech ecosystem To align with the national IT Application Innovation strategy and reduce reliance on external core that delivers long-term value for both our clients and the global community.technologies, a leading state-owned commercial bank launched a project to replace its legacy replacement in Sunline's history and the largest core banking system construction Pioneering Global Expansion project for Chinese software going global to date.
? Achieved record-breaking international contracts in the billion-dollar range.2017? Secured CIMB Vietnam as a strategic partner. 20222018? Drove cloud computing and open banking innovations.
? Enhanced BNC's customer data processing, improving scalability from millions to billions.? Launched Kept by Krungsri Bank in Thailand. ? Expanded into credit card core systems and general ledger solutions.2021-2025 New Strategies and Growth Market Leadership in China's Banking IT Solutions Market Trend Observations Characteristics of Future Banks Coverage rate for clients with Share of new business Productization level of assets over CNY 500 billion market captured in 2025 core business system ? Deepening Digital and Intelligence Integration Leveraging data and AI to drive core business decisions and intelligent operations. HighestHighest 95%95% ++ 75%75% ++ ? Ecosystem Integration Building open, collaborative platforms to connect partners and customers for shared value creation. ? Di?erentiation for Market Breakthrough Industry Recognition Carving out unique competitive advantages through tailored products, services, or experiences. ? "DataMind-Integrated Digital Intelligence Platform" has been selected into the Panorama of ? Fortifying Security Foundation High-Quality Digital Transformation Products and Services (First Half of 2025) under the CAICT Establishing proactive defense mechanisms to ensure resilience, compliance, and trust "Foundation-Plowing Action" , featuring in ?ve core domains: "AI Large Models," "AI Agents," across all operations. "Data Elements and Applications," "Data Governance," and "Data Analytics." Future Banking Need ? "DataOps Empowers Yantai Bank to Build a High-Quality Intelligent Hub," in which Sunline partici- ? Precision and Adaptability pated, was honored as a CAICT First Half 2025 Typical Cases of High-Quality Digital Transformation. Tailored solutions that evolve with user needs. ? The Data Asset Management Platform won the "Excellent Data Governance Product Award" in ? Value Co-creation the "Annual Data Governance Awards" selection at the 2025 Global Data Management Summit. Mutual growth through collaborative ecosystems. ? Sunline's Data Asset Management Platform, developed based on Kunpeng Tongyuan, won the ? E?ciency and Control 2025 "Kunpeng Innovation Competition" National Finals Silver Award. Streamlined operations with robust governance. ? The "Uni?ed Regulatory Data Reporting System (Reporting Zone + Trusted Zone)" received the ? Model Innovation Pioneering new ways to compete and grow. "Technology Empowerment category" award in the "Zhiling" cases at the 5th "Jinxintong" Finan- ? Secure and Trustworthy cial Technology Innovation Application event. Building trust through transparency and protection. ? Sunline has won awards at the "Dingxin Cup" Competition for four consecutive sessions. The ? Sustainable Development "DataMind Data Development and Service Platform" received the "Jinding Practice Award" at the Committed to long-term environmental and social responsibility. 4th "Dingxin Cup" Competition. Transformation of Vendor Roles
will continuously enhance Sunline's governance e?ectiveness and decision-making quality, injecting stable and reliable endogenous momentum into Sunline's long-term sustainable development. 3 Legal and Regulatory Compliance Sunline attaches great importance to investor relations management. Committed to the core values of Internal Controls transparency, responsibility, and mutual bene?t, we strive to build an open communication mecha-nism, strengthen the shareholder rights protection system, and promote long-term value creation. In Sunline has established and continuously re?ned a systematic and standardized internal control 2025, in accordance with the latest regulatory guidelines and our actual operating conditions, we and compliance management system. By deeply integrating risk management and compliance revised the Investor Relations Management Policy. This revision further optimized the investor relations management into business processes, we are committed to ensuring that all operational activities management framework and established clear standards for standardized operations.are conducted in full compliance with laws and regulations. Sunline has constructed a diversi?ed communication network integrating traditional channels with Sunline's corporate governance structure adheres to the principles of clear authority and respon-new media to continuously deepen two-way interaction with investors. In daily operations, we sibility, as well as e?ective checks and balances. The Shareholders' Meeting, the Board of Direc-respond to investor messages through various channels, including the investor hotline, public email address, and the SZSE Interactive Platform. Relying on our o?cial website and o?cial tors, and senior management all ful?ll their duties in accordance with the law:WeChat account, we timely publish corporate updates. Furthermore, Sunline actively receives visits ? Board of Directors: Bears ultimate responsibility for establishing, improving, and ensuring the e?ec- from individual and institutional investors and participates in research activities organized by tive implementation of the internal control, risk management, and compliance management systems. securities ?rms, thereby fostering and strengthening long-term investor relationships. Investor Relations Management 3 Legal and Regulatory Compliance Sunline attaches great importance to investor relations management. Committed to the core values of Internal Controls transparency, responsibility, and mutual bene?t, we strive to build an open communication mecha-nism, strengthen the shareholder rights protection system, and promote long-term value creation. In Sunline has established and continuously re?ned a systematic and standardized internal control 2025, in accordance with the latest regulatory guidelines and our actual operating conditions, we and compliance management system. By deeply integrating risk management and compliance revised the Investor Relations Management Policy. This revision further optimized the investor relations management into business processes, we are committed to ensuring that all operational activities management framework and established clear standards for standardized operations.are conducted in full compliance with laws and regulations. Sunline has constructed a diversi?ed communication network integrating traditional channels with Sunline's corporate governance structure adheres to the principles of clear authority and respon-new media to continuously deepen two-way interaction with investors. In daily operations, we sibility, as well as e?ective checks and balances. The Shareholders' Meeting, the Board of Direc-respond to investor messages through various channels, including the investor hotline, public email address, and the SZSE Interactive Platform. Relying on our o?cial website and o?cial tors, and senior management all ful?ll their duties in accordance with the law:WeChat account, we timely publish corporate updates. Furthermore, Sunline actively receives visits ? Board of Directors: Bears ultimate responsibility for establishing, improving, and ensuring the e?ec- from individual and institutional investors and participates in research activities organized by tive implementation of the internal control, risk management, and compliance management systems. securities ?rms, thereby fostering and strengthening long-term investor relationships.Key Compliance Domains.This system clearly de?nes the responsibilities, authorities, standards, and processes for each stage. Delivering Sustainable Shareholder Returns Sunline has instituted a regular review and renewal mechanism to systematically assess the applica-During the reporting period, Sunline successfully completed the 2024 dividend distribution. Taking into bility and e?ectiveness of its internal control, risk management, and compliance policies. This ensures account its own development needs, shareholder expectations, and other key factors, Sunline estab-the timely translation of laws, regulations, regulatory policies, and industry standards into internal lished a sustainable and stable investor return mechanism. By adhering strictly to relevant regulatory management standards. By driving the continuous improvement and dynamic enhancement of the requirements and the Articles of Association, we executed the predetermined pro?t distribution policy in full compliance, thereby ensuring the continuity and stability of our pro?t distributions. management system, we provide a solid institutional foundation for our sustainable development. ment systems. Through continuous monitoring and optimization of various tax-related business Policy Development processes, we ensure our internal control system remains sound, e?ective, and fully aligned with During the reporting period, Sunline completed the revision, enactment, and abolition of the latest regulatory requirements. over 30 policies and regulations, including the Rules of Procedure for Shareholders' Meet-Tax Creditworthiness and Honors ings, Rules of Procedure for Board Meetings, Working Rules for Independent Directors, and the Market Value Management Policy. Concurrently, we ful?lled all corresponding disclosure Sunline approaches all tax-related matters with an attitude of openness, transparency, coopera-obligations. These initiatives have further strengthened the foundation for The Company's tion, and professionalism. Adhering to the principle of "paying all due taxes fully and on time," compliant and sound operations. Sunline actively fosters a relationship of mutual trust and collaboration with tax authorities, striv- ing to become a trusted and compliant taxpayer. Tax Compliance Through its long-standing commitment to compliance and outstanding tax performance, Sunline Sunline regards tax compliance as a fundamental operating principle and a core component of its has consistently earned the highest tax credit rating—"Level A Taxpayer"—for multiple consecu-social responsibility. Guided by a commitment to integrity and compliant growth, we strictly adhere tive years. This distinction re?ects authoritative recognition and strong endorsement from state to all tax laws and regulations in every jurisdiction where we operate and are dedicated to ensuring tax authorities of Sunline's compliance with tax laws and dedication to tax integrity. It also re?ects our tax management is standardized, professional, and transparent.the maturity and standardization of Sunline's tax management practices.Robust Tax Control Framework Looking ahead, Sunline will continue to optimize its tax management system, uphold its commit-To ensure legal and regulatory compliance, Sunline has established a systematic and compre-ment to honest tax payment, and actively ful?ll its responsibility for tax contribution, thereby hensive internal control and management mechanism for taxation. Covering the entire life cycle fostering a fair and transparent tax environment. of tax a?airs, this framework ensures manageable risks and stable operations: Intellectual Property Protection ? Institutionalized Management: Sunline formulates and continuously re?nes its internal tax As a leading domestic FinTech enterprise in China, Sunline adheres to independent innovation management policies. These policies clearly de?ne operational procedures, job responsibilities, and regards intellectual property as a core strategic asset that drives innovation and builds and approval authorities for critical stages, including tax ?ling, calculation and payment of taxes, long-term competitive advantages. We place a high priority on the creation and protection of IP. and documentation retention. This rigorous approach guarantees the accuracy and timeliness of Centered on a four-pillar framework comprising "Technological Innovation, Legal Safeguards, daily tax processing. Regulatory Standardization, and Result Commercialization", we continuously deepen our ? Professional Operations & Proactive Risk Management: Sunline maintains a dedicated tax end-to-end IP protection system. This comprehensive approach ensures the security, controllabil-department responsible for tracking and interpreting tax policies, conducting internal training, ity, and autonomous development of Sunline's core FinTech technologies and business scenarios.and updating management protocols to align with regulatory changes. This department is Technical Protection deeply integrated into major business decisions and the design of complex transaction struc-tures. By providing upfront tax planning and advisory services—such as reviewing tax-related Technical protection serves as the foundational defense line for ensuring the security and unique-clauses in business contracts—we e?ectively shift the tax risk defense line to the front end of ness of Sunline's core technologies. We employ cutting-edge technologies to construct a business operations. Furthermore, we continuously monitor overall tax compliance status to multi-layered, dynamic security protection management system:proactively identify, assess, and mitigate potential tax risks.? Isolated Development Environment: Virtual Desktop Infrastructure (VDI) and network isolation ? Routine Supervision & Evaluation: Sunline conducts regular, independent internal tax risk are employed to create a secure and independent R&D environment, preventing unauthorized assessments to scrutinize both the design e?ectiveness and implementation of its tax manage-access and data leakage. ? Permission Management: Strict permission protocols are enforced to ensure that only autho- ? Comprehensive Training System: Sunline conducts regular IP training sessions to strengthen rized personnel can access or utilize speci?c technologies and software. employees' awareness of IP protection and compliance. This ensures that all sta? conscientiously adhere to IP regulations in their daily operations. ? License Management： Sunline manages software product licenses to ensure the legal and compliant use of intellectual property, thereby preventing unauthorized reproduction or ? Full-Lifecycle Con?dentiality Management: Covering the entire employee lifecycle—from distribution. onboarding and tenure to departure and post-employment—Sunline ensures the closed-loop management of core information assets. This is achieved through mechanisms such as non-dis-Legal Protection closure agreements (NDAs), non-compete clauses, and retrospective audits.Legal protection provides authoritative con?rmation of rights and robust support for enforce-? Innovation Incentive Mechanism: Sunline incorporates metrics for patent applications and the ment, constructing a "proactive defense and rapid response" legal moat around the intellectual e?ectiveness of trade secret protection into team and individual performance appraisals. This property of Sunline: strategy e?ectively stimulates a culture of innovation and vigilance across the company.? Forward-Looking IP Layout: In line with the trends of technological evolution and business Intellectual Property Achievements expansion plans, Sunline has undertaken the planning and application of intellectual property, including patents, trademarks, and software copyrights. As of now, Sunline has obtained 558 As of December 31, 2025, Sunline has achieved a dual breakthrough in both the quantity and software copyrights and 12 patents (including 10 invention patents), continuously promoting the quality of its intellectual property portfolio. These achievements have comprehensively empow-intellectual property protection of its technological innovations.ered business innovation and contributed to the construction of a robust industry ecosystem:? Routine Contract Management: Sunline embeds modular intellectual property clauses into ? Deepening Patent Matrix: Sunline has cumulatively ?led 23 patent applications (including 21 agreements with suppliers, customers, and partners. These clauses clearly de?ne ownership of invention patents). As of December 31, 2025, 12 patents have been granted (including 10 inven-results, usage authorization, and infringement liability. Furthermore, smart contracts are utilized tion patents). These assets cover cutting-edge technologies such as distributed architecture, digi-to execute key terms and provide real-time risk warnings. tal twins, and process modeling. ? Legal Enforcement: Sunline's legal department orchestrates all IP protection e?orts. In response ? Scaled Accumulation of Software Copyrights: With 47 new software copyrights added this to unfair competitive practices involving infringement of Sunline's trademarks, copyrights, or period, Sunline's cumulative total reached 558 as of December 31, 2025. These assets span patents, the department actively addresses and halts such actions through various legal means, diverse domains, including process technology platforms, core business systems, big data plat-including litigation, administrative complaints, and negotiations, e?ectively safeguarding forms, and ?nancial management solutions. Sunline's legal rights in market competition. ? Strategic Trademark Layout: Sunline has secured trademark registrations for its core brands and Internal Management products, cementing the legitimacy and distinctiveness of its brand value.Sunline integrates intellectual property protection into every facet of organizational operations Looking ahead, we remain committed to re?ning our IP strategic ecosystem, aiming to drive:through a three-dimensional approach encompassing policy, culture, and talent:? Lean internal management ? Intelligent technology protection ? Policy Upgrades: Sunline continuously updates the Intellectual Property Management Measures (2025 Revision). This framework implements classi?ed management for patents, software copy- ? E?cient result transformation ? Platform-based legal safeguards rights, and trademarks, clearly de?ning the work?ows for application, maintenance, and usage. These initiatives will provide a solid foundation for our journey to becoming a globally leading, These measures serve as a robust safeguard for Sunline's IP governance.technology-driven ?nancial enterprise. Standard Optimization & On-site Veri?cation: When necessary, we conduct on-site inspections or 4 Due Diligence market surveys and dynamically adjust evaluation criteria to align with evolving industry trends Supplier Due Diligence and corporate needs. To achieve sustainable supply chain management and compliant operations, Sunline positions Procurement Constraints: All company procurement activities are strictly con?ned to the pool of supplier due diligence as a systematic and forward-looking process dedicated to both risk man-quali?ed suppliers. agement and value co-creation. Spanning the entire supplier lifecycle—from entry quali?cation Optimization of the Supplier Due Diligence System and performance evaluation to continuous management—this initiative utilizes scienti?c and standardized procedures to identify, assess, and mitigate potential compliance, operational, and Sunline is continuously optimizing its supplier due diligence system, with a strategic focus on the quality risks within the supply chain. Ultimately, these measures ensure that suppliers' quali?ca-following key dimensions: tions and capabilities remain fully aligned with Sunline's long-term strategic development goals.? Compliance and Quali?cation Audit: Ensuring suppliers adhere to national laws, industry stan-Supplier Management dards, and internal regulations, while progressively strengthening reviews related to data securi-ty, privacy protection, and sustainability quali?cations. Sunline conducts its supplier management operations in strict accordance with the Contract Man-agement Policy and Supplier Management Guidelines. The core management processes include:? Sustainability Alignment: Aligning with actual market conditions and proactively responding to global legislative trends in supply chain due diligence, thereby solidifying the foundation for a ? Pre-Cooperation Due Diligence sustainable supply chain. Prior to engagement, Sunline evaluates key supplier capabilities, including delivery capacity, Through this institutionalized and proceduralized due diligence mechanism, Sunline aims not quality assurance levels, and market reputation. Suppliers are required to submit quali?cation only to mitigate supply chain risks and safeguard operational safety and quality but also to foster documents—such as business licenses and agency certi?cates (where applicable)—for veri?ca-collaborative growth with suppliers. We are committed to building a healthy, resilient, and tion. This ensures full compliance with both legal regulations and internal company standards.responsible supply chain ecosystem, providing robust support for compliant operations and ? Systematic Supplier Archiving long-term value creation. Upon con?rmation of cooperation, suppliers are systematically archived. This process records Due Diligence on Investment Projects essential information, including supplier codes, names, contact details, Uni?ed Social Credit Codes, and quali?cation documents, thereby establishing a comprehensive registry of quali?ed To standardize investment activities and mitigate risks, Sunline conducts rigorous due diligence suppliers. on all investment projects, governed by the External Investment Management Policy, which clear-ly de?nes due diligence protocols and hierarchical approval requirements. ? Dynamic Management of Quali?ed Suppliers Designated departments, under the Board's direction, oversee the entire due diligence lifecycle. Entry Mechanism: Suppliers are o?cially designated as "quali?ed" immediately upon successful Aligning with Sunline's strategic development goals, these teams comprehensively collect informa-initial archiving. tion, conduct in-depth research, and perform preliminary assessments on proposed investments. Continuous Evaluation & Adjustment: Suppliers encountering issues related to quality, delivery, or After that, they meticulously verify the necessity, feasibility, and expected returns of each project service undergo re-evaluation; those failing to meet standards are removed from the quali?ed list.Furthermore, we strengthen due diligence during the engagement term and for renewals to to compile feasibility reports and investment proposals, which are then submitted to deci-promptly identify circumstances necessitating a change of ?rm. Throughout the entire lifecycle, sion-making bodies—such as the Shareholders' Meeting or the Board of Directors—for review we strictly adhere to due diligence protocols and maintain comprehensive records, ensuring that according to authorized limits. Following approval, the designed departments ensure seamless the selection process remains fully compliant and controllable.investment closing and proper documentation archiving. Furthermore, they implement continu-ous post-investment management and tracking for all portfolio companies until their exit or Due Diligence on Employees disposal, thereby guaranteeing full-process compliance and control.Background investigation serves not merely as a risk control measure in recruitment but as a Due Diligence on the Selection of Accounting Firms critical process to verify a candidate's values and integrity, ensuring their alignment with Sunline's commitment to sustainable development. We place particular emphasis on authenticating the Sunline has established the Accounting Firm Selection Policy to govern the due diligence process validity of candidates' educational credentials, training histories, and project experiences related for selecting external auditors. By employing compliant selection methods such as competitive to sustainability. Furthermore, investigations rigorously screen for any records involving commer-negotiations and public tenders, we ensure a fair and impartial selection procedure. The due cial bribery, con?icts of interest, regulatory violations, or data falsi?cation. By expanding the diligence investigation rigorously evaluates key criteria, including the ?rm's quali?cations, scope of these investigations and optimizing the procedural experience, we e?ectively mitigate professional track record, quality management standards, proposed work plans, allocation of employment risks. This approach ensures that every new partner joining the team is trustworthy human and other resources, information security capabilities, and risk-bearing capacity.and reliable, fostering a collective dedication to long-term, responsible growth.The review process follows a standardized protocol:（未完）  |