Compliance and Governance Responsibilities Come First

SVOLT continuously improves its corporate governance and has established a governance structure consisting of a General Meeting of Shareholders, a Board of Directors, a Board of Supervisors, and management, with clear division of powers, responsibilities, and duties, to guarantee the standardization and high efficiency of the enterprise operation and management. The company strictly adheres to laws and regulations such as the Company Law of the People's Republic of China and the Securities Law of the People's Republic of China, and has formulated Articles of Association to regulate the employment and dismissal of Directors and Supervisors, hold General Meeting of Shareholders in accordance with the law, and ensure that shareholders exercise their rights in accordance with the law.

The company has built a comprehensive internal control management framework from the five elements of "internal environment, risk assessment, control activities, information and communication, as well as internal supervision", covering all functional departments and the operation and management links of subsidiaries. In addition, the company also regulates all aspects of the company's operations strictly and comprehensively to promote sustainable, stable, and healthy development of the company.

SVOLT adheres to the business philosophy of integrity and honesty, endeavors to create a "fair, just, simple, and transparent" working environment, and builds an integrity system with its value chain partners. The company strictly complies with the anti-corruption laws and regulations of the country or region where its business is located, and has formulated the Anti-Bribery Management System of SVOLT to ensure that the concept of anti-corruption and integrity runs through every aspect of the company's internal management and external cooperation.