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Green revenue

E Ink's ePaper technology offers energy-efficient and low-carbon features, with strong potential for the development of applications that help reduce carbon emissions. According to the FTSE Russell Green Revenues Classification System (GRCS) 2. 0 Data Model, 100% of E Ink's 2024 revenue is classified as green revenue, indicating a positive environmental impact. In addition to the environmental benefits offered by ePaper products, the technology also exhibits better energy efficiency and lower power consumption compared to conventional LCD displays. E Ink's green revenues are classified under the Energy Management & Efficiency category of the Information Technology (IT) sector, specifically falling under Code EM 5.0, which refers to revenue generated from activities directly related to the design, development, manufacture, or installation of energyefficient information technology products and services. The analysis using the GRCS 2. 0 Data Model demonstrates that E Ink's 100% green revenues align with the EU Taxonomy Regulation for the Information and Communication Technology (ICT) sector as well as the Statistical Classification of Economic Activities in the European Community (NACE) under J63.1.1, which pertains to datadriven climate change monitoring solutions.

Furthermore, when E Ink secured a green loan in 2024, the sustainability performance of its products was affirmed by a Second Party Opinion (SPO) issued by Moody’s Ratings, an international credit rating agency. In its assessment, Moody’s assigned E Ink a Sustainability Quality Score (SQS) of SQS 2 (Very Good), recognizing the Company’s significant contribution to sustainability through its economic activities.

The SPO also confirmed that E Ink’s energyefficient, low-carbon ePaper products meet the criteria under the EU Taxonomy Regulation, specifically Category “3. 6 Manufacture of Other Low Carbon Technologies”, and make a Substantial Contribution to Climate Change Mitigation. Moreover, the SPO concluded that E Ink’s activities Do No Significant Harm (DNSH) ^Note to other EU environmental objectives, including Climate Change Adaptation, Sustainable Use and Protection of Water and Marine Resources, Transition to a Circular Economy, and Protection and Restoration of Biodiversity and Ecosystems, and that the Company complies with the Minimum Safeguards.

Note: E Ink’s product manufacturing activities are located outside the European Union and are therefore not subject to the specific regulations under the Pollution Prevention and Control activity category. As a result, the Company does not meet the Do No Significant Harm (DNSH) criteria for this objective.

FTSE Russell Green Revenue 2.0 Data Model

• The FTSE Russell Green Revenues Classification System utilizes the Green Revenues 2. 0 Data Model to evaluate companies and their value chains based on their adherence to green sustainability standards in providing products or services.

• The Green Revenues 2. 0 Data Model categorizes industries into three levels: Clear Significant, Net Positive, and Limited, along with 10 categories, 64 subcategories, and 133 microcategories.

It evaluates the environmental impact of a company's operations across 7 environmental sustainability themes.

• The 7 environmental sustainability themes used in the Green Revenues Classification System align with the framework of the 6 environmental objectives outlined in the EU Taxonomy Regulation. This demonstrates a high level of consistency between the model and the EU Taxonomy Regulation's sustainability classification standards. Specifically, Code EM 5. 0 in the Green Revenues Classification System corresponds to the Information and Communication Technology (ICT) sector- NACE J63.1.1 under the EU Taxonomy Regulation.

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Green revenue

FTSE Russell Green Revenue 2.0 Data Model