CONTENTS

01 Overview

Company profile 01
Development Milestones 02
Growing HIGA 04
Corporate Culture 05
PublicWelfare Practice 06
Core Businesses 07

02 Product Introduction

Home Appliance Parts 08
Small Home Appliances 10
Water Appliances 11
Automotive Components 12
Sensors 13
New Materials 14

03 Key Customers

Home Appliance Customers 15
Automotive And New Energy Customers 16

04 Corporate Honors

Corporate Honors 17

05 Technology R&D

Mastering Core Technologies 18

06 Core Advantages

Core Advantages 20
Full Industry Chain 21

07 Development Layout

China Layout 22
Overseas Layout 23

08 Development Strategy

Dual-Balance Strategy 24
Development Strategy 25

Company profile

Higa Co.,Ltd.

Higa Co.,Ltd.(Stock Code: 603150)was founded in1999 andis located in Hefei,oneof China’scomprehensive nationalscience centers.Seizing the historicopportunityofthe homeappliance industry'sshiftfrom the Pearl River Delta tocentraland western China,the company was successfullylistedon the Shanghai Main Boardon January 24, 2022,as a single-product champion in the home appliance sector.

Aftercompleting primitivecapitalaccumulation,thecompany hascontinuouslyadvanced the international expansionofits business.It seeks growth opportunitiesamid global market demandfluctuations,and gradualy integrates advanced manufacturing capabilities from Japan,South Korea and other countries,forming three core business segments: global home appliance manufacturing,new energy vehicle manufacturing,and new-quality productive forces in the Al era.

HIGA is committed to becoming a responsible enterprise with expanding internationalinfluence,and aims to providea tranquil,dynamic and happy career harbor for employees with DSG (Desire,Smart,Goodness) qualities.

Development Milestones

行稳致远 2015 2011 Added rigid extrusion busines
11999 2009 Established the first overseas production base
Founded HIGA,entered the Launched the door gasket o
refrigerator door gasket automation project
sector 2014 2016 2007 Added component Completed sl Became a leading enterprise in the 。 2010 assembly business reform and e refrigerator door gasket industry Initiated the globalization joint-stock ci strategy and added thermoforming business Startup Phase GrowthPhase O O 1999 Focused on perfecting refrigerator door 2009 Building on our core competency in door gaskets, gaskets expanded product categories including refrigerator th forming,injection molding and component assembly explored overseas markets

Growing HIGA

Endowed with a growth-oriented DNA, HiGA has maintained a strong and sustained growth rate

Corporate Culture

·Corporate Mission

Empowering the Next Generation of Industry Innovators

·Guiding Principles

· Simpler HIGA · Global HIGA ·Responsible HIGA 号 * * Fulfilled Employees

· Corporate Strategy

To capture scalable profitable opportunities amid global market volatility

·Team Building Criteria

Aligned goals * * United mindset * * Synchronizedactions

·Core Values

Openness·Passion \mathbf { \nabla } * \mathbf { \varepsilon } Transcendence

· Working Approach

Periodicreviewand improvement

Public Welfare Practice

Education Assistance

At the beginning of 2010, the company cooperated with Anhui University Education Foundation to set up HIGA scholarships, fellowshipsand teaching funds,and established HlGA Volunteer Club.

In2022, the company initiated the establishment of "HIGA Education Public Welfare Foundation" to sponsor poor students,reward outstanding teachersand students,and help rural education revitalization.

Huashi School

In line with the original intention of repaying fellow villagers and feeding back hometown,Mr. Shi Qianzhong, the actual controller of the company,donated to build Yingquan Huashi School in July 2019.

With a total investment of over100 million yuan,the school covers an area of more than 60 mu and has set up more than 30 teaching classes.It not only provides quality educationresourcesand learning environment for nearly 2,200 left-behind children in the surrounding communities, but also offers nearly 100 jobs to the employment of surrounding local villagers,which contributes to the rural revitalization.

Huashi School aspires to becomea model of rural education in China,to change the countryside with education,and to change the fate of children in the hometown with knowledge.

Core Businesses

Home Appliance Parts

Refrigerator Door Gaskets

Refrigeratordoor gasketsare sealing components installed between the refrigeratordoorand cabinet, providing sealing,shock absorption, thermal insulation,water resistance and dust protection.They consist of a rubber sleeve and a magnetic strip.

Washing Machine Door Gaskets

Washing machine door gasketsare key components installed between the washing machine drum and door, preventingwater leakageand providing sealingand shock absorption.The main materialsare EPDMand TPE.

Component Assembly

ModularSupply Solutions: Pioneered a modularsupply model forhome appliances,successfullymanaging over70 component suppliers and systematically reducing procurement and management costs for refrigerator OEMs.

④ Modular Flip Beam
{ 1 } Cabinet Liner Thermoforming
① BMC Material Module
① Modular Door Assembly
① Co-Extrusion Product Module
① Modular Air Duct
{ 1 } Modular Drawer Frame
① Modular Evaporator
④ PVC Flame-Retardant Base Module
① Packaging Module

Glass Shelf

Home Appliance Parts

Injection Molding

Main products include refrigerator top lamp display boards,drawers,cold airducts, door end caps and transparent bottle shelves.

Refrigerator Top Lamp Display Board

Transparent Bottle Shelf

Washing Machine Workbench

Washing Machine Impeller

Thermoforming

Main products: sheets,refrigerator door linersand cabinet liners,PVCback panels,PVC compressor compartments and compressor covers.

HIPS Pellets

Thermoformed Sheet

Refrigerator Door Liner

Refrigerator CabinetLiner

Rigid Extrusion

Main products include extruded tubes, profiles and special profiles in engineeringplastics such asABS,PE,PP,PSand PVC;PVC/ABS guide co-extrusion profiles and PVC soft-hard co-extrusion profiles.

Air Conditioner Flat Extruded Part

Air Conditioner Rear Housing

Air Conditioner Air Deflector Panel

Motors & Electrical Components

Main products include plastic-encapsulated motors, shaded-pole motors,air duct surface light source assemblies, wiring harnesses and NTC temperature sensors.

Small Home Appliances

A World-Leading Manufacturing Base for Small Home Appliances

Water Appliances

Automotive Components

Automotive Electric Power Steering (EPS) Systems

Automotive Plastic Components

Sensors

你

Independent R&D

Custom NTC Chip Design (supports R-T curve adjustment) MEMS Sensor Pre-Research (PhD team in cooperation with Hefei University of Technology)

Production & Manufacturing

Fully Automated Production Lines (IATF16949-certified automotive quality control)

Certification System CNAS-Accredited Laboratory ROHS/REACH Compliance

New Materials

TPEreplacesPVC forrefrigerator doorgaskets

日

目

5VA flame-retardant PVC replaces stainlesssteel refrigeratorback panels,a high-strength flame-retardantmaterial

TPE replaces EPDM for washing machinedoor gaskets

Antiviral,antibacterialandmildew-resistantmaterials

Heat-resistant PET replaces GPPS

=

Colormasterbatches&functional masterbatches

Hollow microsphere modified TPE and PVC

PP/PS alloymaterials replace HIPS

Low thermal conductivity energy-saving materials,reducing overall energy consumption by 3 % - 5 %

□

?

BMCreplacesABS forelectrical control boxesanddoor reinforcement iron

Eco-Friendly Materials:

Succesfulydevelopednon-toxic,eco-friendlyTPEdoorgaskets,becoming thefirstenterpriseintheindustrytoapply TPE materials on a large scale in refrigerator door gaskets.

·2016 Granted invention patent for "ATPE Pellet Material for Refrigerator Door Gaskets";
·2016Theproject "Researchand DevelopmentofTPERefrigerator DoorGaskets"passedthe technicalappraisalof China NationalLightIndustryCouncilandwasratedasinternationallyleading;
·2017AwardedtheThird PrizeofScienceandTechnologyProgressbyChina NationalLightIndustryCouncilfor"Researchand Developmentof TPE Refrigerator Door Gaskets";
·2018 HigasketTPErefrigeratordoor gaskets won theAWE2018AipuCoreAwardfrom China HouseholdElectrical Appliances Association;
·2019 Led the formulation of the industry standard for TPE door gaskets.
·2025 Thecompany'sproject"ResearchandApplicationofKeyEnergy-Saving TechnologiesforRefrigeratorsCenteredonDoor Gaskets"wasappraisedby China National Light Industry Counciland reached the internationally leading level.

Key Customers

\*Alphabetically Listed

Corporate Honors

Single Champion Product in Manufacturing

Mastering Core Technologies

As a national high-tech enterprise, HIGA hasa "Provincial Enterprise Technology Center", Anhui Provincial Industrial Design Center","Postdoctoral Research Station" and a CNAS-accredited laboratory.

4
AWECore
Component Award
100+ 400\* 14 1
vention Patents Utility Model Patents Provincial New Products High-Tech Product 1 1 Science and Technology Progress Award from Provincial Major Science and CNLIC Technology Project Undertaken

CNAS-Accredited Laboratory Accredited by the China National Accreditation Service for Conformity Assessment (CNAS)

Actively promoting the establishment of industry standards related to refrigeratordoor gaskets Led the formulation and revision of 3 industry standards

Core Advantages

SERI:SUPPLIERECOSYSTEMOFREFRIGERATION INDUSTRY

·SERl has become a core technology platform and resource integration hub for the refrigeration industry chain.

It deeply integrates the superior technologies of China and South Korea, covering 7 major technical fields.

Full Industry Chain

China Layout

Domestic Subsidiaries& Branches

Established over70 subsidiariesand branches in the Yangtze River Delta,Pearl River Delta and Jiaozhou Peninsula,with production layout highly aligned with OEMs,in line with the development of home appliance industrial clusters.

Overseas Layout

Globalization Strategy

In 2011,HIGAlaunched the"1515 Globalization Strategy"to establish 15overseas production bases in 15 years.

Currently,production bases have beensetupinThailand,Vietnam,Mexico,Poland,Egypt,South Korea, Brazil, Indonesia, Serbia,Turkey and other countries.

Markets under development:USA,South Africa, India,etc.

Dual-Balance Strategy

Development Strategy

Building on the home appliance business, develop automotive and emerging industry sectors to create a second growth curve