【True Insight Hong Kong Stock Market】Tianbao Group (01979.HK) attended COP29 and delivered a speech on green and low-carbon issues.

$TEN PAO GROUP(01979.HK) Tianbao Group Holdings Limited (01979.HK) recently attended the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change, where it delivered a speech on green and low-carbon topics. The conference brought together government officials, corporate representatives, and experts from 198 countries and regions worldwide to discuss how to address climate change and promote a greener, low-carbon, and sustainable future for the planet. The opening session of COP29 approved Article 6, Paragraph 4 of the Paris Agreement, the passage of which laid the foundation for countries worldwide to formally engage in carbon trading, marking a historic moment for the global carbon market and symbolizing its official launch.

Ms. Yang Bingbing, CEO of a subsidiary of Tianbao Group, was one of the four representatives from Chinese companies to deliver a speech titled "Practicing Green, Carbonizing the Future," sharing the group's thoughts and actions in the green power sector, as well as its past, present, and future efforts and achievements in carbon reduction and green development. As early as the 1980s, Tianbao Group embarked on its carbon reduction journey, consistently maintaining energy conversion rates above industry standards. As a player in the power supply industry, Tianbao Group firmly believes that "green development" is the path to long-term corporate growth and has been committed to technological innovation and product upgrades to transform large power supplies into smaller ones. For example, Tianbao's 65W ultra-thin fast charger reduces plastic shell usage by approximately 71% (47g) per unit compared to traditional adapters, saving 47 tons of plastic for every million units produced. Each ultra-thin fast charger also improves efficiency by about 4% compared to the EU's Level VI energy efficiency standards, reducing carbon emissions by approximately 2.42kg per unit, or 2,421 tons annually for every million units.

This year, thanks to national policy support and backing from various sectors of society, Tianbao Group has accelerated its ESG initiatives. In March 2024, Tianbao Group began constructing its Chuangneng Green Factory, which has since received high marks in Guangdong Province's Green Factory evaluation. The company continues to optimize systems and maximize energy savings, aiming to decouple energy consumption from growth, with the short-term goal of passing the national-level Green Factory evaluation. In June, Tianbao started building a green supply chain for all its products, incorporating ESG standards into supplier assessments and prioritizing environmentally friendly, recyclable raw material suppliers while establishing long-term, stable partnerships to promote supply chain sustainability. In September, in collaboration with Huizhou Broadcasting Group, Tianbao co-organized China's first green productivity media segment, "Zero Carbon Action," along with a series of public lectures on "Economic and Industrial Green Transformation." In November, the company launched a regional public health program for female employees, expected to benefit over 3,500 women. This program will later be opened to the public, extending health benefits to more women. Tianbao Group remains committed to its philosophy of "Practicing Green, Carbonizing the Future," continuously exploring and implementing green development strategies while strengthening international partnerships to advance global green transformation and sustainable development goals. As the company's mission states: Respect nature and society while consistently providing competitive power solutions and services to customers.