ELECTRICITY FOR LIFE

SMART ELECTR CAL SOLUTION EXPERT

LAZZEN is a leading technology enterprise dedicated to excellence in low-voltage electrical components and building intelligent, zero-carbon electrical ecosystems. Through strategic leadership in smart distribution, smart living, and new-energy electrical technology, LAZZEN delivers innovative system solutions to customers across new energy, industrial, power, telecom, industrial automation, construction, and residential sectors.

LAZZEN invests over 6% of annual revenue in R&D, continuously innovating products and solutions that enhance customer competitiveness. Recognized as a National High-Tech Enterprise, National Enterprise Technology Center, National IP Advantage Enterprise, CNAS and UL accredited Testing Center, and National Green Factory Demonstration Unit,In 2014, LAZZEN was listed on the Shenzhen Stock Exchange (Stock Code: O02706.SZ).

Currently, LAZZEN serves customers in over 20O cities nationwide and more than 30 countries and regions globally. The brand slogan" Electricity for Life "has earned widespread customertrust and acclaim.

Values

Take Responsibities

CHANGES BRING ABOUT EXTRAORDINARY

·No.1 Annual Shipments of ACB Products in China ·Market Leaderin New Energy Electrical Products ·Best Managed Companies (BMC) Certification by Deloitte ·Global First 5G-specific Circuit Breaker in Telecom

Thefigure showsthe annualsalesrevenue of LAZZENfrom1999 to2023is reported in$(USD)and measured in millions. (Exchange rate :1USD=7.12CNY)

WALKWITH THE TIMES AND BEA FRIEND OFTIME

STRATEGIC PANORAMA

Manufacture the Top-tier low-voltage appliances Jointly build a zero-carbon ecosystem for intelligent electrical appliances

LAZZEN MAGICLINKPOWER

Safety.

·Information security Person/equipment ·Continuity of power supply

Efficiency ---- enhancement

Intelligentprediction ·Lean management 。 Intelligent operation and maintenance

Carbon --- reduction

Energy efficiency monitoring Green energy integration Green electricity Mangement

SMARTLIFEHAS NO BOUNDARIES

NEW ENERGY ELECTRICAL TECHNOLOGY

No.1

in market share of new-energy LV components

200,000+sets

of ACBproductsshippedin2023

200+GW.

of new-energy generation of new Euergy Generation Equipument Delivered

100 million tons

of {\mathsf{C O}}_{2} Emissions Reduced

EV Charging NDZ3T/AT Series DC Contactor

LONG-TERM VALUE CONTINUOUS INNOVATION

2,647 InventionPatentsFiled

6.5 C % 0 R&DProportionin2022

IPD2.0 Product R&D Process

STRICT INSPECTION, LEADINGIN QUALITY

Shanghai Testing Center

Cover all test items of low-voltage electrical apparatus and CNAS and UL onlinewitnesstests

CANS National Laboratory

TUV Collaboratory

UL USA Certification

TUV Rheinland Collaboratory

Xi'an Research Institute

25 Laboratories

35 Tests

450 Ttestems

Hangzhou Bay Testing Center

Impact

Impactresistance(acceleration: 15g):transportation and machinery

Corrosion

High anti-corrosion (3C2 standard):chemistry and metallurgy

Anti-interference

Wide pick-up range( 50% 110% Us):voltagefluctuation

Mute

Low noise(40dB):elevator and air conditioner

Ambienttemperature

Widetemperaturerange(-40oCto +80°\mathsf C) ：extremelycoldandhot

Dust

Environment Simulation

Dustresistance(850um):desert,food

Heavy load

High short-circuit current withstand(23kA/s):construction machinery电电

Saltspray

Salt mistresistance(Class 1):offshore powerdistribution

Humidity

High moisture resistance(85%RH): wetland,condensation

Electricallife

Parameter Simulation

Maximumelectricallife(1million times):windpowerfarmandbase station

Heating

High-density power distribution (1U): 5G communicationandrailway

Plateau

No capacity reduction(altitude:5,0o0m): newenergyandcommunication

High temperature

High reliability (+80 {°C} under full load): industryandpowergeneration

Voltage

Maximum voltage(750V/1p):PV and energy storage

Withstandvoltage

High-insulation(4,200V):wind power farm and battery

HANGZHOU BAY SUPER FACTORY

Lean Manufacturing

Leansystem,digitalon-sitemanagement Stableproduction,managementrefinement,site stabilization

Industrialization

IPD, re-launch, rapid conversion of LAZZEN product industrializationplatform Fully automatic assembly, inspection, CCD,etc.

Agile delivery

Total quality

Intelligent warehousing,sales& operations planning,distribution center,stereoscopicwarehouse,vendor managed inventory, digital delivery presentation

Prevention oriented,CLE quality control,DIRTFT,high PPM level

Advanced Technology

Platform construction

50 % or more of core components self-made
10%increasebypreferredprocesses peryear Site-centered production management platform
Deeplyintegrated,streamline,automatic, digital

$1.41+bilionproductioncapacit

850,000 m 270,000 2 m

END-TO-END SYSTEM, SERVING GLOBALCUSTOMERS

Global Business Coverage

400-99-02706

ACHIEVE CUSTOMERS WITHOUT SLACKING

Award by TOP Customer

HUAWEI Global Gold Supplier BestCo-lnnovationAward

vanke

vanke
Ten-Year Long-Term Cooperation Award
Class A Supplier

阳光电源 SUNGROW

SUNGROW
StrategicPartnerAwardfor4consecutive
years
GOLDWIND
Four-star Green Supplier
5A Supplier with Good Quality and Credit

SINOPEC 中国石化 Qualified Supplier Nopec SINOPEC

CHINASOUTHERN POWERGRID

丰 中国南方电网CHINASOUTHERNPOWERGRID

Annual Preferred QualitySupplierfor3 consecutiveyears

STATE GRID Long-term Business Partner

Hopewind Best Cooperation Award

禾望电气

CRRC ExcellentSupplier

車

VERTIV ExcellentSupplierBestR&DSupportAward

Panasonic Annual ExcellentSupplier

Panasonic

SINENG QualityProgressAward

PROMOTE SUSTAINABLE DEVELOPMENTWITHESG

National Standards

Industry and Group Standards

Paid more thanUSD 35.11 Million fortaxes in 2022 and won the
OutstandingContributionAwardinPudongNewArea consecutively
PassedtheCertificationforISO45o01OccupationalHealthand
Safety ManagementSystem
Established TalentDevelopment CenterandPostdoctoral Research
Workstation,and cooperated with universities such asXi'an Jiaotong
University and Shanghai Jiao Tong University
Cooperated withShanghai Municipal Education Commissionto
help college students in the Outstanding Engineer Education and
Training Program
Supported the constructionofpowerdistributionsystem of shelter
hospitalsinWuhan,Shanghai,Beijing,Kunming,Quanzhou and
otherprovincesandcitiesatarapidspeed
OverUSD
35.11 Million
Paid for Taxes
in 2022

. nvironment

CertificationforISO14001Environmental Management
System
CertificationforISO50o01Energy Management
System certification
National Green Factory
Green ManufacturingDemonstration Organizationin
Shanghai
Awarded"GreenDesignProduct"bythe MllTfor10seriesof
products
8series ofproducts,achievingarenewableutilizationrate of
100%
The firstintheindustrytopass the EU RoHS
Nowastewater,exhaustgas ornoiseexceedingstandard
100%comprehensiveutilizationofindustrialsolidwaste

Jovernance

200+GW Installed capacity of new energy equipment

116 + million tons CO2 emissions reduced

223.6+ billion kWh
clean electricity
generated

1 National Technological InnovationDemonstration Enterprise National Intellectual Property Demonstration Enterprise Rated bytheMllTasPilotDemonstrationPlantof Intelligent Manufacturing IntroducedDSTE,IPD,LPM and otherintegrated and process-orientedgovernance Implemented5equityincentivestocreateacultureof striving and sharing In 2022,held 6board meetings,6supervisormeetings and 4 shareholder meetings,published 94 announcements, and achieved 100% investorinteraction Adhered tobusiness ethics and signed theClean CooperationAgreement