乐歌股份(300729):2025年度可持续发展报告（英文版）

时间：2026年06月23日 16:57:31 中财网

原标题:乐歌股份:2025年度可持续发展报告（英文版）

Integrity and Compliance:
Foreword 1 R&D Quality: Driving Promoting Business
About this Report
1
Strengthening Sustainable
Sustainable Development for Good through
01 03 05
Governance
Through Innovation Public Welfare
Message from the Chairman R&D System Construction 95
3 Corporate Governance 41 Public Welfare and Charity 165
Investor Relations Management 44 Advance New Quality Productive 101 Educational Access 165
Forces
Compliance and Risk Control
46
5 Universal Participation in Charity 169
About Us
Intellectual Property Protection
105
Company Profile 7
Business Ethics and Anti-corruption
50
Community Communication and
170
Product Quality Assurance
108
Exchange
Corporate Culture 8
Information Security and Privacy
54
Protection Quality Service 117
Development History 9
Support for Rural Revitalization 171
2025 Milestones 11 Sustainable Supply Chain
123
171
Belt and Road Initiative
Participation
Local Community Development
172
Overview of 2025 Outstanding
13
Achievements
Green and Low-Carbon
2025 Honor Highlights Gallery 15
Development for Empowering Employees and
Key Performance 17
02 04
Environmental Sustainability Fostering Inclusive Growth
Appendix
Response to Climate Change 59 Diversity and Inclusion 131
Sustainability Governance
19
Change Action 69
Compensation and Benefits 136
Index of Key Performance 173
Sustainability Governance Framework
21
Environmental Management 73
Sustainability Strategy Protection of Employees’ Rights and 177Feedback Form
23
139
Interests
Resource Efficiency 85
Management of Sustainability-related
24
Risks and Opportunities
Democratic Governance
143
Sustainability Metrics and Targets 25
Employee Wellbeing 145
27
Stakeholder Engagement
Occupational Health and Safety 147
29
Materiality Assessment
Employees' Development
158
Special Topic: ESG Practices of 31
Lecangs

This report is specific to Loctek along with its branches and subsidiaries. Unless otherwise specified, the scope of this In line with our commitment to low-carbon and sustainability practices, this report is available for review and download report is consistent with that of the Company’s annual reports. from the Company’s official website (https://www.loctek.com) and the website of CNINFO (https://www.cninfo.com.cn). This report covers the period from January 1 to December 31, 2025 (the “reporting period”). In order to present more Confirmation and Approval comparative and forward-looking reporting data, certain sections may include retrospective data or forward-looking statements. This report is published on an annual basis, which is consistent with the Company’s financial reporting Upon review and approval by the Company’s Board of Directors on April 24, 2026, this report has been published cycle. concurrently with the annual report. The Board undertakes to supervise the preparation of this report, confirming Global Reporting Initiative (GRI) Sustainability Reporting Standards (“GRI Standards”) Feedback United Nations Sustainable Development Goals (SDGs) Sustainability Accounting Standards Board (SASB) Standards We value your feedback and welcome any comments or suggestions regarding our corporate responsibility efforts and this report. For any report-related comments or suggestions, please feel free to contact us. Thank you for your International Sustainability Standards Board (ISSB), IFRS Sustainability Disclosure Standards continued support. China Enterprise Reform and Development Society, Guidelines for Chinese Enterprises' Sustainable Development Reports (CASS-ESG 6.0) Guidelines No. 17 of Shenzhen Stock Exchange for Self-Regulation of Listed Companies – Sustainability Report (Trial) Board Secretary Office Shenzhen Stock Exchange, Self-Regulatory Guidelines for ChiNext Listed Companies No. 3 - Preparation of Sustainable Development Reports Tel.：0574-55007473 Fax：0574-88080232E-mail：law@loctek.com
All information and data referenced in this report are sourced exclusively from official documents, statistical
Address：No. 436, Xueshi Road, Shounan Subdistrict, Yinzhou reports and financial statements of Loctek, as well as internal data and publicly available information gathered,
District, Ningbo City, Zhejiang Province, China
consolidated and audited across various functional departments and business units within the Company. Unless
otherwise specified, all financial figures are presented in Renminbi (RMB). In cases of discrepancies in financial

Focus on Core Business and Actively Return Value to Shareholders Put People First and Support Employee Development The company adheres to its core business of smart home, emphasizes R&D and innovation, and upholds the strategy of The Company upholds the core values of "strive for excellence and innovation" and always attaches great importance to developing independent brands. It mainly promotes the "LOCTECK" brand in the domestic market and the "FlexiSpot" brand employees' sense of gain and happiness. It provides a competitive compensation system and implements equity and option in overseas markets, establishing comprehensive sales channels covering domestic and overseas markets, online and offline. incentives, effectively attracting and retaining core talents and outstanding professionals. Through regular employee training The Company has always taken it as its mission to create long-term, stable and sustainably growing value returns. Capitalizing programs, the Company helps employees to grow and achieve their career development goals.The Company has established on the industry trends in recent years where overseas warehouses have been upgraded to core supply chain hubs and a comprehensive welfare and security system covering employees' daily necessities, housing, transportation and recreational China's cross-border e-commerce has maintained steady and robust growth, the Company has achieved the deep integrated activities, and carefully cares for the well-being of all employees and overseas-based staff, enabling all employees to share development of cross-border e-commerce and overseas warehouse businesses.Over the past three years, the Company has the fruits of the company's development. At the same time, the Company actively fulfills its social responsibilities, integrates achieved a compound annual growth rate (CAGR) of 19.84% in revenue, with cumulative dividends exceeding RMB 300 million, corporate development with addressing social employment issues, and extensively recruits university graduates, with a total accounting for 80.53% of the Company's average profit over the same period. The Company carefully listens to the demands of of 88 campus recruits in 2025.Along with the company's global development, we have built an inclusive and diverse corporate various stakeholders and continuously strengthens communication with investors. The controlling shareowner has voluntarily culture and practiced the corporate spirit of "Happy Creating, Happy Living, Happy Singing". increased holdings of the Company's shares twice, conveying firm confidence in the Company's long-term development. Charitable and Public Welfare Activities: Practice Business for Good Improve Governance and Uphold Integrity and Standardized Operations The Company has deeply integrated charitable and public welfare activities into its corporate development strategy and actively The Company continues to deepen standardized governance and continuously enhance governance transparency and practices business for good. It has successively established scholarships and teaching awards at multiple universities and credibility, having been awarded Grade A in the Shenzhen Stock Exchange (SZSE) Information Disclosure Assessment for three colleges, and continuously carried out paired student assistance programs to support the development of education. Actively consecutive years. Simultaneously, the Company strengthens risk control and compliance construction and comprehensively responding to the national call for comprehensively advancing rural revitalization, the Company has adopted various measures improves the risk management and internal control system. It has always abided by the principles of honest operation, strictly to support rural development. The video channel "Loctek Chairman Shaw Speaks" continuously shares business insights and observed business ethics, and improved the integrity risk prevention and control mechanism. The Company effectively management cases, providing experience and references for cross-border e-commerce practitioners and entrepreneurs. In the protects customer information security, achieving zero incidents of customer data security breaches. With a modern, efficient process of participating in the Belt and Road Initiative and expanding overseas, the Company actively fulfills its overseas social and transparent governance structure, the Company consolidates the foundation of corporate governance, providing strong responsibilities, respects local cultures, integrates into local communities, creates economic and social value for local areas, support for the long-term healthy development and sustainable value creation of the enterprise. and promotes common development of all parties. Faced with the complex and volatile external environment, Loctek has always integrated ESG concepts into its corporate Practice Green Development and Protect the Ecological Environment strategy and daily operations. Adhering to innovation as the driving force and green development as the foundation, the The company adheres to the environmental philosophy of "green and low-carbon, energy conservation first, efficiency- Company balances economic benefits, environmental responsibilities and social responsibilities, and strives to achieve oriented, and full participation". It has incorporated climate change risks into its risk management framework to standardize coordinated progress between corporate development and social value. Looking ahead, we will continue to deepen our climate governance. Actively responding to the carbon peaking and carbon neutrality goals, the Company integrates green commitment to sustainable development, actively carry out industry exchanges and cooperation, and work with all parties management throughout the entire product life cycle, conducts carbon footprint accounting, and has built an ecological factory to promote the steady progress of the industry. We will always adhere to the customer-first philosophy and create value for featuring "rooftop power generation, fish farming with wastewater, birds singing and flowers blooming, and fruits and melons customers with high-quality products and services. Amid the tide of the times, we will move forward steadily step by step, fragrant".By upgrading technologies and equipment and advancing digitalization, the Company promotes energy conservation closely focus on high-quality development, take solid actions to advance sustainable development, and create a better future and emission reduction, lowers energy consumption and improves energy utilization efficiency. It has been awarded the and emission reduction, lowers energy consumption and improves energy utilization efficiency. It has been awarded the through hard work.titles of "National Green Factory" and "Zhejiang Province Water-Saving Enterprise". From increasing the proportion of green products, using more renewable energy, to comprehensively implementing green office practices, the Company has integrated products, using more renewable energy, to comprehensively implementing green office practices, the Company has integrated the concept of green development into every aspect of daily operations, making low-carbon development a common code of the concept of green development into every aspect of daily operations, making low-carbon development a common code of




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Loctek is deeply rooted in the ergonomic wellness space. Centered on its core expertise in intelligent lifting technology,
Vision
the Company continues to expand innovative applications across smart office and smart home environments. Our main
To evolve into a forward-think-
product lines include standing desks, ergonomic chairs, sit-stand desk converters, motion sofas, and smart electric
ing enterprise that meets soci-
etal needs by leveraging tech-
beds. Loctek’s products are now available in 75 countries and regions around the world.nology and innovation
As of the end of 2025, the Company has deployed 20 public overseas warehouses globally with a total warehouse area
Happy Creating, Happy Living,
of 672,300 square meters. It provides innovative one-stop full-process cross-border logistics services for foreign trade
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2006, Loctek has established scholarships at Ningbo University, University of Nottingham Ningbo China and other



Government Honors
Overseas Brand Honors

								The Lotus Sofa w The BF60 Japan Good Design Aw The C7Max Ergo Awards. The Sheer Ergon Awards. The C7 Morpher Awards (IDA). The E7Plus Max national Design A Honored with th Received the 20 Won the 2025 G Awarded the Ger Received the Co Obtained the Cli The E9 Height-A The E7 Plus Heig The C7Air Pro Er Magazine. Honored with the Granted Indy/Bes The E7H Height- by Japan’s Home The E7H Height- Japan’s Poco’ce The E7H Height- PC Watch media.
								Second Prize of Ningb Science and Technolo Award 2025 Batch 2 Guangxi “A turing” Certified Product 2025 Advanced-level Sm 2025 Zhejiang Provincia Equipment — E5 Postur telligent Lifting Healthy ment (Consumer Goods

Economic Performance Environmental Performance
Operating revenue Total assets
Environmental protection
Total energy consumption Energy consumption intensity
investments
RMB bil6.715 lion RMB bil10.25 lion Net profit attributable to shareholders of the
Total profit
parent company
Total direct energy consumption Including: natural gas consumptionRMB billion
0.314 RMB bil0.259 lion
4,216.28 tce 2.7189 million Nm3
Governance Performance
Total diesel consumption Total liquefied petroleum gas
Total indirect energy consumption
consumption
11.86 tons 340 tons 3,865.48 tce
Number of shareholders’ meetings Number of meetings of the Board of Green power purchase
2 13
Total purchased electricity Photovoltaic power generation
20,151,771 kWh 9,655,213 kWh 1,645,285 kWh
Total water consumption Total waste gas emissions Total wastewater dischargesSocial Performance
253,677 tons 65,235.13 tons 84,561 tons
R&D investments Investment as Percentage of Number of R&D personnelOperating Revenue
213.1734 % Non-hazardous waste discharged Hazardous waste discharged Total GHG emissions (Scope 1 + 2)
RMB million 3.17 964
R&D personnel as a percentage Total number of patents granted Total number of trademarksof total workforce
GHG emissions intensity (Scope 1 + 2) Direct GHG emissions (Scope 1)%
24.26 1 269
, 922
2.62 tCO e/ RMB million (revenue) 6,920.38 tCO e
2 2
Total number of employees Tax payment Total charitable donationsIndirect GHG emissions (Scope 2) Reduced carbon emissions
RMB m156.8799 illion RMB m2.118 illion3,974
10,692.53 tCO e 9,277.71 tCO e
2 2


Through systematic and efficient sustainable development management, Loctek has achieved substantial progress in
To effectively advance sustainable development initiatives, the Company has established a robust ESG management
its environmental, social and governance performance. During the reporting period, the Company recorded a notable
framework and institutional system, and built a sound sustainable development governance structure. In the course of
improvement in all ESG-related ratings.
strategy implementation, risk management and major decision-making, the Company fully takes into account ESG-re-
lated impacts, risks and opportunities. The Company has formulated a scientific ESG indicator system covering, but
not limited to, carbon emissions, technological innovation and employee rights and interests. It also links ESG perfor-
mance to management personnel’s performance appraisal, ensuring the effective execution of all relevant strategies
and measures.
Sustainable Development-related Ratings:

Senior manage- ment and depart- ment heads with professional knowl- edge of sustainable development

Members of the ESG Implementa- tion Team and rel- evant work princi- pals

Sustainable Development Honors: ESG Advocacy & Training The Company regularly invites professionals to conduct ESG-related training, practices ESG philosophies with tangible actions, and promotes the sustainable development of the enterprise. During the reporting period, the Company invit- ed professional institutions twice to interpret ESG policies and industry best practices. It also participated twice in train-ESG report compilation and other related tasks.

The Company has defined development goals guided by ESG principles. It comprehensively sorted out business pro- The Company integrates the ESG philosophy into its risk management and decision-making system, and optimizes the
cesses from the three dimensions of corporate governance, environment and society, conducted in-depth analysis of Procedures for Identification, Assessment and Control of Operational Risks. It comprehensively identifies, assesses and
potential risks, and integrated the concept of sustainable development into strategic decision-making and daily oper- analyzes internal and external factors covering climate change, supply chain management, innovation and R&D, prod-
ations. On this basis, rooted in its corporate social responsibility philosophy, the Company builds a distinctive and fu- uct quality, employee rights and interests and other aspects. Targeted risk prevention and control measures for sustain-
ture-oriented sustainable development system by comprehensively evaluating its economic, environmental and social able development are formulated accordingly to drive the stable development of the Company.
impacts, providing clear direction and guidance for its long-term sustainable growth.




The Company attaches great importance to long-term sustainable development and actively responds to the national
United Nations Sustain-
strategy of Healthy China 2030. It integrates the Environmental, Social and Governance (ESG) system centered on
Strategic
Targets & Commitments able Development Goals Company Actions in 2025Pillar
environmental protection and social responsibility into its corporate development strategy. The Company continuously
(SDGs)

			Ensure equal opportunities in re- cruitment, promotion and career development; create a diverse, flexible and inclusive workplace that supports employee growth; Establish a safe and healthy work- place, target zero workplace accidents, promote employee well- being, and strive for 100% employ- ee satisfaction; Actively support the national “shared prosperity” goal, uphold a philosophy of gratitude and giving back, and commit to public welfare through sustained philanthropic in- itiatives.
Proactively reduce carbon emis- sions, deploy energy-saving equip- ment, and support the achievement of the national goals of carbon peaking and carbon neutrality; Improve energy utilization efficien- cy, raise the proportion of clean energy use, and conserve water resources; Strictly control waste discharge and steadily reduce pollutant emissions.

The Company is committed to establishing a robust and diversified stakeholder communication framework. By accurately identifying and responding to the ESG concerns of key stakeholder groups—including shareholders and investors, customers, employ-
ees, suppliers, communities, government and regulatory authorities, media, and professional organizations—the Company continuously evaluates both risks and opportunities to refine and strengthen its ESG strategy.
Stakeholder
Group
Government &
Customers Employees Suppliers & Partners Communities, Public and MediaShareholders & Investors Professional Organizations

	Drive common prosperity Compliance with laws and regulations Tax compliance Risk and compliance management Regional economic development Environmental protection	Product and service quality Product safety and reliability Product R&D and innovation Enhance product cost- effectiveness Information security and privacy protection Intellectual property protection	Protection of labor rights and interests Employee care Remuneration and benefits Employee growth and training Occupational health and safety	Expand cooperation channels Fair and impartial procurement Win-win collaboration Regulatory and ethical compliance Supply chain sustainability	Economic performance Public welfare and charity Responsible and compliant operations Dedicate to education support Promotion of social development Green and low-Carbon protection	Technological innovation Industry advancement and development
	Participate in industry policy formulation Policy briefings and updates Meetings and exchanges Policy advisory engagement On-site inspections and visits	Client visit Customer satisfaction surveys Customer service platforms	Employee representative assemblies Employee satisfaction surveys Performance evaluation and feedback mechanisms Employee activities Employees interviews Training programs and employee handbook	Contract execution Supplier conferences Supplier visits Supplier management and training	Company website Media interviews and press releases Charitable events Reception and tour Green production and operation	Industry forums Trade fairs and exhibitions Sector-specific conferences and dialogues

High
Financial Materiality Extremely high
Sustainability
Environmental Social
Governance
Impact Materiality Assessment：
Gather stakeholder insights through surveys, interviews, and other

in a transparent, balanced and comprehensive manner Medium.
Note: 1. “Irrelevant” refers to topics that are neither financially material nor impact material; 2. “Double materiality” refers to topics that are both













dedication to equitable value sharing and reinforcing investor confidence.Audit Committee
Total Cash Dividends As % of Net Profit Attributable to Shareholders of the Year
Distributed Listed Company in Consolidated Financial Statements


suggestions on risk management and control in respect of the Company’s financial operations and industrial

has never been reprimanded or penalized by regulatory authorities for any information disclosure violations. Internal Control System The Company abides by relevant laws, regulations and normative documents including the Basic Standards for Enterprise Internal Control and China Internal Auditing Standards, and has formulated institutional documents such Investor Engagement as the Internal Control System and Internal Audit System. These efforts ensure the lawfulness and compliance of business activities, optimize corporate governance, effectively manage risks, and substantially enhance the strength standard unqualified internal control audit report.
corporate culture rooted in transparency, accountability,
Loctek's Listing Journey

Follow-up Summarize the
Organize and Update the
Formulate risk
Risk control audit and overall controlled
implement risk operational
assessment plan
improvement risk level
assessment risk list
Key Performance
Basic Process of Corporate Risk Management
Total tax payments for the reporting period amounted to RMB 156.88 million.Tax Management
Related Party Transactions
The Company continues to strengthen its financial governance framework through the development and implementation of the Financial Management Policy. We have enhanced financial controls, fully rolled out a company-
To ensure that all related-party transactions are conducted legally, fairly, and reasonably, the Company strictly adheres
wide budgeting system covering all business areas, departments, and staff. Initiatives include: Optimizing asset
to applicable laws and regulations, including the Guidelines No. 7 of Shenzhen Stock Exchange for Self-Regulation of
utilization to boost operational efficiency; Strengthening centralized cash management for efficient resource allocation
Listed Companies—Transactions and Related-Party Transactions. Based on these regulations and actual business needs,
and fund security; Conducting systematic tax policy research, outreach, and data reporting to improve the effectiveness
the Company has formulated a Related-Party Transactions Management Policy, which clearly defines pricing principles,
of tax management. Through the integrated management of budgeting, asset allocation, cash flow, and taxation, the
approval procedures, and disclosure requirements to protect the legitimate interests of both the Company and its
Company has established a robust financial foundation to support high-quality development.
Anti-Corruption Awareness and Training Legal Awareness and Compliance Training To foster a culture of integrity and strengthen compliance awareness, Loctek regularly delivers training and awareness programs on business ethics and anti-corruption. These sessions guide employees in aligning their behavior with the company's ethical standards and regulatory obligations. The Company places a strong emphasis on cultivating a culture of compliance. Compliance training is integrated into the overall employee development plan, with senior executives leading by example in participating in regular During the reporting period compliance education. The Company also organizes targeted compliance training sessions for employees to raise
Anti-Corruption Risk Prevention and Control


Loctek upholds the principles of “no
Supervision over Business Partners on Anti-Corruption and
tolerance, no opportunity, and no desire
for misconduct,” and has established a Anti-Bribery
Whistleblower Reward Policy to encourage
integrity and transparency. A dedicated
The Company has established a strict access review mechanism for business partners. Prior to cooperation, it conducts
department has been assigned to handle
a comprehensive review of their background, credit standing and integrity records, and refuses to cooperate with

Fraud Investigation
and recusal protocols in handling all
Anti-Monopoly and Anti-unfair Competition
Task Force
whistleblower reports to ensure that both
the identity of the whistleblower and the
The Company has incorporated anti-monopoly compliance into its ESG governance system and formulated regulations
content of the report are fully protected.
such as the Guidelines for Marketing Internal Control and Compliance. At the decision-making level, the Board of Directors
oversees the strategic orientation of anti-monopoly and anti-unfair competition work, reviews major relevant matters,
Loctek accepts both anonymous and
and bears the ultimate supervision responsibility. At the management level, the senior management takes the lead in （未完）