原标题:利亚德:2025 Environmental, Social and Governance (ESG) Report
https://www.leyard.com
No. 9, Zheng Hong Qi West Street, North of the Summer Palace, Haidian District, Beijing, China0086-10-62864532
About the Report
This is the Environmental, Social and Governance (ESG) Report issued by Leyard Optoelectronic Co., Ltd. (the “Company”) to disclose its
List of Abbreviations Used in the Main Text
performance of responsibilities in 2025 toward key stakeholders, including shareholders, customers, employees, suppliers and partners,
Contents
Commitment to Envi-
Assessment of Issue
Partnering for
Chairman's Address
ronmental Governance
Materiality
Shared Success
05
33 Double Materiality Analysis 61 Environmental Compliance 95 Full-Lifecycle ManagementSpotlight 1
Governance
34 Communication with 95 R&D and Innovation
07 Thirty Years of Ever-Forward
Stakeholders 65 Climate Change Response and
Innovation, Pioneering a New Era
99 Product and Service Safety
Integrated Energy Governance
of LED Display
36 Issue Materiality Assessment and Quality
72 Water Resource Management
38 Analysis and Conclusion of Issue 102 Supply Chain SecuritySpotlight 2
Materiality 73 Pollutant Management
109 Data Governance
"Display as the Foundation, Cultural
11
74 Circular Economy and Waste
Tourism as the Driver, and AI as the
110 Information Security
Management
Enabler" ? Leyard's New Chapter on
the Second Growth Curve
78 Ecosystem and Biopersity
Leyard at a Glance
13 About the Company
Commitment to
Fulfillment of National
Sound and Robust
15 Worldwide Footprint
Employee Development
and Social Responsibilities
Governance
17 Business Overview
Compliance Governance Compliant Employment Rural Revitalization41 81 115
23 Major Milestones
System
Risk management Social Contribution
50 116
27 Leyard by the Numbers
OHS
82
Business Ethics
54
29 Annual Awards and Honors
Career Development and
86
Training
2026 Outlook
Employee Rights and Care
90
119
Appendices
121
| ne (?????????) ???? Technology milestone - First technological innovation:,Launched China's ?rst full-color LED display, leading the industry from the monochrome/dual-color era into the full-color display era. | ???? Major project - Served as the core display service provider for the Beijing Olympic Games, delivering visual technology support for Olympic events and establishing its legacy as the "company that served two editions of the Olympics". | ||||||
| ???? Foundation - Leyard was established in Zhongguancun, Beijing, embarking on its journey of exploration in the LED display ?eld. ???? Major project - Served as a core display service provider for the Beijing Winter Olympics, creating a stunning three-dimensional stage with core products including a 7,000㎡ ?oor screen. | ?? Brand produc 50th An | ? ilestone - Provided vis t and service support f niversary of the Nation ???? Strategic ev Technology milest came the world's establishing a ?rst industry's ultimat | ual r the al Day. lution-Established Leadstar Micro-Crystal one - Third technological innovation:,Be- rst company to mass-produce Micro LED, -mover advantage in industrializing the display technology. | ???? Brand milestone - Provided visual product and service support for the 60th Anniversary of the National Day. | ???? Strategic expansion - Acquired US-bas NP, expanding into spatial computing technology and building a strong foundation for AI business growth. | ???? Capital strategy - Listed on the Shenzhen Stock Exchange (Stock Code: 300296.SZ), ushering in a new phase of capital-driven development. ed | |
| ???? Major project - Provided core display technology support for the Centenary Celebration of the Founding of the Communist Party of China (The Great Journey), demon- strating its capability in serving major national events. | ???? Brand milestone - Provided visual product and service support for the 70th Anniversary of the National Day. Major project - Served as executive producer for the opening and closing ceremonies of the 7th CISM Military World Games. |
three decades of technological expertise, the Company focuses on the R&D and large-scale deployment of core Micro LED technology.
Guided by a development strategy built around "digitalized enterprise management, integrated domestic direct sales, channelized
Strategic Goal:
standard products, persi?ed AI-driven application scenarios, and comprehensive international expansion", Leyard is building a
Building a New Landscape of Collaborative Growth
full-scenario, full-category display product matrix while steadily shaping the trajectory of industry technology.Through continuous
technological innovation, the Company provides the hardware foundation and technical capabilities that empower its cultural tourism
In the future, Leyard will continue to deepen the synergistic deployment of its three core business segments—solidifying its foundation
and AI segments—driving synergistic growth across its three core businesses.through display, unlocking growth potential through cultural tourism, and driving overall e?ciency with AI. The goal is to further enhance
its global market competitiveness, steadily increase the share of overseas business, and build a closed-loop "AI + display + cultural
tourism" industrial ecosystem.Through technological innovation, scenario expansion, and ecosystem co-development, Leyard aims to
Cultural Tourism as the Driver:
Broadening the Second Growth Curve
Leyard drives its second growth curve through cultural tourism and night tour initiatives, deepening the implementation of its "2+4+1"
business model. By integrating display technology with cultural creativity, the Company propels the cultural tourism industry from
"illumination" to "aesthetic enhancement" and ultimately to "cultural experience". This transformation is powered by a strategic
framework: cultural tourism enhancement and urban renewal as accelerators; nighttime economy, digital exhibitions, cultural entertain-
ment, performing arts, and IP collaboration as core drivers; and an operations-?rst approach as the key to success.Leveraging its
strengths in display technology and AI empowerment, Leyard builds di?erentiated core competitiveness, striving to become a
world-leading integrated cultural tourism operation service provider.About the Company Founded in 1995 and listed on Shenzhen Stock Exchange in 2012 (300296),Leyard operates 10 manufacturing bases and 9 R&D centers worldwide, accelerate talent acquisition, foster independent innovation, and strengthen core technological capabilities, e?ectively promoting the integration of industry, maintaining a leading global market share with its LED display products gaining widespread recognition across the world.Committed to driving academia, and research. In addition to the Postdoctoral Workstation, the Company operates two CNAS-accredited central laboratories, a Beijing Enterprise technological and product innovation as well as high-end manufacturing, the Company aims to lead the new era of all-scenario intelligent display Technology Center, and several other national and municipal key laboratories. applications. Over the past 30 years, the Company has remained dedicated to the ?eld of intelligent displays, adhering to steady operations, continuous Since 2015, the Company has been independently disclosing ESG/CSR reports.Its ESG ratings consistently exceed the industry average, including an AA rating innovation, and open collaboration. It has established a comprehensive ecosystem centered on the smart LED display industry, while fostering integrated from China Securities Index and CNI Index, an A from Wind, an AA from Sino-Securities Index, and an A- from IIGF.Additionally, the Company has received development in cultural tourism and night tour, as well as AI and spatial computing. With technology R&D as its foundation and product innovation at its several ESG awards and recognitions. For example, it was selected again for the 2025 edition of the "Listed Company Sustainable Development Best Practice core, the Company focuses on delivering visual technology and applications for both commercial and consumer markets.Notably, it has provided visual As a representative of "Created in China", Leyard has embraced an international vision from day one. Driven by the dual strategy of Leyard leverages its "Planar + Leyard" dual-brand strategy to achieve full global market coverage. Powered by cutting-edge technology
"technology export + local operations", the Company has built a sales and service network spanning over 160 countries and regions and premium service, Planar remains a leader in North America's high-end FPP LED market.Meanwhile, the Leyard brand precisely
across six continents, with 844 employees based overseas and in Hong Kong, Macau, and Taiwan. In 2025, Leyard’s overseas intelligent targets the perse needs of the mid-range and lower-tier segments in Europe and the Americas.The Slovakian factory is steadily
display revenue reached 3.267 billion CNY, accounting for 54.32% of total revenue—a signi?cant increase in contribution. expanding capacity to serve European and American markets, while the Saudi factory is under accelerated construction, featuring
automated production lines and intelligent management systems. Once operational, it is set to become one of the largest LED smart
manufacturing bases in the Middle East, strengthening regional supply chain resilience against global market ?uctuations.
| Major Milestones Overseas Revenue Share Surpassing Domestic for the First Time Leyard's globalization strategy has yielded signi?cant results. In 2025, the share of overseas intelligent display business revenue increased to 54.32%, surpassing the domestic market for the ?rst time. North America delivered outstanding performance, while Asia, Africa, and Latin America continued to experience rapid growth, further strengthening the Company's global operational capabilities. | Further Expansion of Global Intelligent Manufacturing Footprint The Company expanded production capacity at its European factory to meet rising demand from European and American markets. The Changsha LED Industrial Park was o?cially commissioned, enabling full-process digital upgrades in manufacturing and warehousing. Steady progress continued on the Saudi Arabia factory, while the Beijing Application Industrial Park (Phase II) project broke ground. | Strong Commitment to Industry-University-Research Collaborative Innovation in "AI + Spatial Computing" The Company collaborated with Peking University on the R&D of the LYDIA 2.0 large AI motion model. NP launched new OptiTrack products, featuring the world's only single-camera dual-function technological innovation that combines marker-based and markerless optical motion capture, with patents applied. Additionally, the Company has engaged in in-depth collaborations with educational and research institutions including the University of Oregon, Carnegie Mellon University, Stanford University, the University of California, and Amazon's FAR pision. | Extensive Motion Data Empowering Embodied AI Development Leyard's extensive motion data, algorithms, and service capabilities have made it a key partner to leading robotics companies. Working with government and industry partners, the Company has set up multiple humanoid robot data training centers across China. OptiTrack has also delivered on high-pro?le stages—enabling the penalty shootout between Cristiano Ronaldo and a robot, supporting the world's ?rst Humanoid Robot Games, and helping its robot partners clinch two gold medals and one silver. |
of Issue
Materiality
Double Materiality Analysis
Communication with Stakeholders
Issue Materiality Assessment
Analysis and Conclusion of Issue Materiality
Double Materiality Analysis
Establishment of an Issue List
Based on thorough identi?cation, Leyard has established its 2025 issue library as follows:To proactively address potential challenges from internal and external changes, Leyard identi?ed its material issues based on the double
| Issue | ||
| Climate change response | Ecosystem and biopersity protection | Water resource utilization |
| Pollutant emissions | Environmental compliance management | Waste disposal |
| Energy utilization | Circular economy | |
| Employees | Product and Service Safety and Quality | Data security & privacy protection |
| Supply Chain Security | Rural Revitalization | Equal treatment of small and medium-sized enterprises |
| Innovation-Driven | Social Contribution | Serving national strategies |
| Industry promotion | Con?ict minerals | |
| Due diligence | Anti-Unfair Competition | Risk management |
| Communication with Stakeholders | Anti-bribery and anti-corruption |
Long-Range Objectives Through the Year 2035 of the Peoples Republic of China, 3060 Macro Policy
Carbon Peak and Carbon Neutrality Targets, etc.
Trends
Communication with Stakeholders
Guidelines for Accelerating the Development and Large-Scale Application of New Scenarios, Notice on
Industry
the Development and Regulation of Digital Films and LED (Light Emitting Diode) Theaters, Joint Leyard values and actively builds strong relationships with its stakeholders to create long-term shared value.To better understand
Policies
Statement on Economic and Trade Meeting in Geneva, and others.stakeholders' suggestions and expectations regarding the Company's operations and development, Leyard has established perse
communication mechanisms, including interviews, questionnaires, and other engagement methods. The Company continuously
monitors and responds to stakeholder expectations and concerns, striving for mutual bene?t and win-win outcomes.
The LED industry is at a critical in?ection point, transitioning from a mature phase to a new growth
cycle.The growth of the previous generation of mainstream display technology, represented by FPP LEDs,
Market
has plateaued.As a result, the industry's core engine has shifted to next-generation display technologies
Trends
led by Micro LEDs, which are moving from R&D and pilot runs toward accelerating mass production and
commercial deployment.
Company Make every e?ort to promote the development of a green and low-carbon economy, and Strategy unwaveringly pursue the path of sustainable development.
| Key Concern Compliance with laws and regulations Tax compliance Response to national policies Law-abiding and compliant operations Local economic development | Communication and Response Implementation of national policies Implementation of regulatory policies Risk management and internal control system development Tax information submission Strengthening communication with govern- ment and regulatory agencies | |||||
| Impact Materiality | Financial Materiality | Double Materiality | Disclosure Requirement (Based on the Guidelines) | |||
| 15.82 | Very high | Double materiality issue | Based on four elements | |||
| 15.71 | Very high | Double materiality issue | Based on four elements | |||
| 13.56 | Very low | Impact materiality issue, not ?nancially material | General disclosure | |||
| Protection of shareholder rights Return on Investment Risk management Transparent information disclosure | Proactive capital markets outreach Supervision improvement Internal control strengthening Regular disclosure | |||||
| 13.17 | Very high | Double materiality issue | Based on four elements | |||
| 12 | Low | Impact materiality issue, not ?nancially material | General disclosure | |||
| 11.77 | Very low | Impact materiality issue, not ?nancially material | General disclosure | |||
| Protection of employee rights and interests Growth and development Occupational safety and health | Adherence to labor standards Improvement of career tracks Protection of labor rights Establishment of occupational health and safety management systems | |||||
| 10.25 | Very low | Impact materiality issue, not ?nancially material | General disclosure | |||
| 10.14 | Very high | Double materiality issue | Based on four elements | |||
| 9.14 | High | Double materiality issue | Based on four elements | |||
| 6.87 | High | Double materiality issue | Based on four elements | |||
| Improvement of product quality High-quality customer service Customer privacy protection | Strict product quality control Responsiveness to customer needs Establishment of information security systems | |||||
| 6.59 | High | Financial materiality issue, not impact materiality | Based on four elements | |||
| 5.78 | Very low | Dual non-materiality issue | General disclosure | |||
| 5.3 | High | Financial materiality issue, not impact materiality | Based on four elements | |||
| Industry development Mutual bene?t and win-win outcomes Improvement of procurement and bidding systems | Promotion of healthy industry development Compliant performance of contracts Protection of supply chain security | |||||
| 5.19 | Medium | Financial materiality issue, not impact materiality | Based on four elements | |||
| 4.47 | High | Financial materiality issue, not impact materiality | Based on four elements | |||
| 4.32 | Low | Dual non-materiality issue | General disclosure | |||
| Public welfare initiatives Advancement of rural revitalization Community engagement | Charitable donations Community co-development Empowerment of urban development | |||||
| 3.16 | High | Financial materiality issue, not impact materiality | Based on four elements | |||
| 3.01 | High | Financial materiality issue, not impact materiality | Based on four elements | |||
| 1.91 | Medium | Financial materiality issue, not impact materiality | Based on four elements | |||
| Reduction of environmental impact Prefabricated and green building Energy conservation and emission reduction | Implementation of green construction practices Promotion of green o?ce practices Energy management strengthening Active response to climate change | |||||
| 1.77 | Medium | Financial materiality issue, not impact materiality | Based on four elements | |||
| Impact Materiality | Financial Materiality | Double Materiality | Disclosure Requirement (Based on the Guidelines) | ||
| 1.65 | Very low | Dual non-materiality issue | General disclosure | ||
| 1.09 | Medium | Financial materiality issue, not impact materiality | Based on four elements | ||
| 0.73 | Very low | Dual non-materiality issue | General disclosure | ||
| Issues with Both Impact Materiality and Financial Materiality Product and Service Safety Supply Chain Security and Quality OHS Innovation-Driven ESG Management Compliance Management | |||||
| 0.59 | Very low | Dual non-materiality issue | General disclosure | ||
| Issues with Financial Materiality but Not Impact Materiality Data Governance Energy utilization Social Welfare Pollutant emissions Anti-Bribery and Anti-Corruption Waste disposal Customer privacy protection Climate change response Environmental compliance management |
Governance
In strict compliance with applicable laws, regulations, and regulatory require-Shareholders'
| Directors man eral ger | ||||||||||||||
