Stakeholder Engagement

RichWave has taken into consideration the “stakeholder inclusiveness” of the GRI standards to define the internal/external groups or individuals that have an impact on the company or are being impacted by the company’s actions as RichWave’s stakeholders. Furthermore, the definition is used to identify 7 major stakeholder groups that exert an influence on the company or are being influenced by the company in 3 dimensions such as governance, environment, and society. These groups include the government, RichWave’s shareholders and investors, media, communities, our customers/consumers, suppliers/contractors/distributors, and employees.

The opinions of stakeholders are fundamental to the ESG development of the company. The primary goal of engaging with stakeholders is to establish effective communication and exchange channels, ensuring a clear comprehension of their concerns and suggestions, which in turn serve as directions for the company's continuous improvement and expansion. We collect issues of primary concern through various stakeholder communication channels and create individual communication platforms based on each stakeholder group's level of influence on RichWave and their areas of interest. Responsible departments maintain effective communication with stakeholders, actively respond to their concerns, and strive to meet their expectations of the Company. Communication efforts with stakeholders are reported to the Board of Directors annually. The most recent report was submitted on December 26, 2024, and relevant information has beendisclosed on public platforms, demonstrating the Company’s commitment to stakeholder engagement.

Material Topic Identification

To gain a deeper understanding of stakeholder concerns regarding sustainability issues and translate them into strategic directionsfor the company's sustainable development, we followed the 4-step GRI Guidelines 2021: context analysis, impact identification,significance assessment, and review and confirmation. This process involved analyzing global sustainability trends, domestic and international relevant industries, and high-priority sustainability issues for stakeholders. We conducted a questionnaire survey to analyze the probability and extent of the potential positive and negative effects of these issues on the company after evaluating their potential positive and negative effects. This process resulted in the identification of a list of annually significant topics, which were subsequently confirmed and decided upon by the Sustainable Project Management Office's members. Through the aforementioned process, we identified 19 sustainability topics in 2024 and selected nine material topics to serve as the basis for the preparation and disclosure of this sustainability report. We intend to evaluate the effectiveness of the Company's sustainable governance and operations through this exhaustive review.

Material Topic for 2024

Management Guideline of Material Topics

Note： In 2024, none of the material topics involved activities or business relationships with negative impacts