Hanwha Overview

After our founding in 1952, Hanwha has grown into a Fortune Global 500 company. Our business expertise and synergies in manufacturing & construction, finance, and services & leisure are respected around the world. Our focus, well-executed strategies, and aggressive investments have helped us to successfully overcome the toughest challenges in key industries in chemical, aerospace & mechatronics, solar energy, and finance.

04 Hanwha Financial Highlight

Hanwha is the 7th largest business enterprise in South Korea based on total assets. We continue to grow every year due to our stable financial structure.

2,169,744 2,151,363 671,946 667,733 2,148,097 656,517 435,672 427,645 420,730

2019 2020 2021(E) 2019 2020 2021(E) 2019 2020 2021(E)

Total Sales Total Assets Total (In KRW 100 (In KRW 100 Stockholders Millions) Millions) Equity (In KRW 100 Millions)

05

Hanwha Solutions Overview

Hanwha Solutions provides a range of solutions in various fields with differentiated technology and innovation. We are growing as a global leader in responding to climate change with smart eco-friendly energy solutions and customer-focused materials. We are committed to enriching the future with sustainable solutions for all.

Major Business Chemical Division Company Name Hanwha Solutions Corporation South Korea's first PVC producer, who provides petrochemical-based products such as PO, TDI and CA Year Founded 1965 Q CELLS Division No. of Employees 5,675 (As of September 2020) A provider of smart solutions, from solar modules and system solutions to solar power plants and energy retail Dong Kwan Kim, Koo Yung LEE, Hee Cheul Kim, Du Hyoung Ryoo, Eun-Soo Kim CEOs Advanced Materials Division A leader of future mobility that produces lightweight composite materials, Head Office Hanwha Building, 86 Cheonggyecheon-ro, Jung-gu, Seoul, Korea solar materials and electronic materials

Galleria Division A premium retail service provider that operates department stores, fashion and F&B businesses

City Development Division A large-scale real estate developer and multifunctional high-tech industrial complex creator 07 Hanwha Solutions Vision & Mission

Hanwha Solutions is quickly being recognized as a global leader in energy and material technology- based solutions driven by the new vision of “Sustainable solutions for all, from energy to materials.”

Vision

Sustainable solutions for all, from energy to materials

Mission

We aim to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials.

Business Statement

We push the boundaries of Q CELLS provides affordable As a global leader with advanced We are a premium content We are creating future value what’s possible and and smart energy solutions lightweight composites and producer that delivers on by leading urban develop customer-centric through technology and film materials, we’re developing leading global trends and a development projects in solutions to lead the way innovation to create a sustainable solutions that differentiated customer South Korea. to a sustainable future. sustainable future for make the world a better place. experience as the premier the planet. retailer in South Korea.

08 Hanwha Solutions Financial Highlights

Despite drastic changes across markets and industries, Hanwha Solutions continues to grow in a consistent and stable manner through efficient business restructuring and business portfolio diversification.

156,811 94,573 152,314 151,373 91,950 90,460 62,270 58,058 59,677

2018 2019 2020 2018 2019 2020 2018 2019 2020

Total Sales Total Assets Total (In KRW 100 (In KRW 100 Stockholders Millions) Millions) Equity (In KRW 100 Millions)

09 Hanwha Solutions Global Network (Chemical Division)

Chemical Division is responding to the rapidly changing global business environment with 11 global networks in Asia and the Middle East, with its headquarters in Seoul.

Domestic Network 11 Seoul Headquarters, Daeduck R&D Center, Pangyo R&D Center, Yeosu Plant, TDI Plant, Ulsan Plant 1, Ulsan Plant 2, Ulsan Plant 3, Daegu Branch, Busan Branch, Gwangju Branch

Global Network (Asia and the Middle East) 12

010 Hanwha Solutions Global Network (Q CELLS Division)

Q CELLS Division works closely with global R&D and manufacturing sites to maintain the highest level of quality across manufacturing, sales and support.

Headquarters 2 Seoul (Global Executive HQ), Thalheim Germany (Technology & Innovation HQ)

R&D Centers 4 Germany, Korea, Malaysia, China

Manufacturing Sites 4 Korea, Malaysia, China, USA

Sales Network (Worldwide) 60+

011 Hanwha Solutions Global Network (Advanced Materials Division)

Advanced Materials Division has 11 global networks across the Americas, Asia, and Europe. We are continuously expanding the networks to actively respond to global sourcing needs.

Domestic Network 6 Seoul Headquarters, Sejong Plant, Eumseong Plant, Busan Plant, Sejong R&D Center, Suwon R&D Center

Global Network (Americas) 6

Global Network (Asia) 3

Global Network (Europe) 2

012 Hanwha Solutions History

2021 Hanwha Solutions merged Hanwha Galleria and Hanwha City Development 2020 Launched Hanwha Solutions through the merger of Hanwha Chemical and Hanwha Q CELLS & Advanced Materials Galleria Division, launched Galleria Gwanggyo and GOURMET 494 Hannam City Development Division, established West Ochang Techno Valley Corporation 2019 Q CELLS Division, succeeded in mass-producing 15GW of Q.ANTUM solar cells City Development Division, established Anseong Techno Valley Corporation 2018 Q CELLS Division, merged with Hanwha Advanced Materials to become Hanwha Q CELLS & Advanced Materials 2017 Advanced Materials Division, established Chongqing Corporation 2016 Chemical Division, acquired Hanwha Fine Chemical Advanced Materials Division, built an automotive parts and materials plant in Monterrey, Mexico 2015 Chemical Division, merged with Hanwha SolarOne and Hanwha Q CELLS to form Hanwha Q CELLS, acquired Samsung Total Petrochemicals and Samsung General Chemical Q CELLS Division, acquired SolarOne City Development Division, established Gyeonggi Yongin Techno Valley Corporation 2014 Advanced Materials Division, changed its corporate name to Hanwha Advanced Materials after selling the construction materials business Galleria Division, renewed Galleria Luxury Hall West 2013 Chemical Division, established Hanwha Chemical Malaysia SDN. BHD. Galleria Division, spun off Beans & Berries as a social enterprise 2012 Q CELLS Division, acquired Germany-based Q CELLS Galleria Division, renewed Galleria Luxury Hall Food Hall (GOURMET 494)

013 Hanwha Solutions History

Galleria Division, launched the former Dongyang Department Store Timeworld 2011 Chemical Division, entered the polysilicon business 1997 (now Galleria Timeworld)

Chemical Division, changed its corporate name to Hanwha Chemical Chemical Division, developed an in-house technology to produce high-content 2010 1996 Corporation, completed construction of Ningbo PVC Plant in China EVA for shoes

Q CELLS Division, acquired Hanwha Solarfun to become Hanwha SolarOne 1995 Chemical Division, developed its LLDPE production technology for insulation

Galleria Division, launched Galleria Center City Galleria Division, renamed to Hanwha Stores Co., Ltd.

City Development Division, established Gyeonggi Hwaseong Bio Valley Corporation 1994 Chemical Division, changed its corporate name to Hanwha General Chemical Advanced Materials Division, built an automotive parts and materials 2009 1989 Galleria Division, launched the former Hanwha Department Store Cheonan branch plant in Ostrava, Czech Republic 1986 Advanced Materials Division, expanded into the automotive materials industry City Development Division, established Gimhae Techno Valley Corporation 1985 Chemical Division, completed South Korea’s first EVA production line at its Ulsan Plant 2007 Galleria Division, launched Galleria Jinju branch Galleria Division, acquired Hanyang Stores Co., Ltd. and incorporated into City Development Division, established Seosan Techno Valley Corporation Hanwha Group affiliates

2006 Galleria Division, launched the 1st Beans & Berries store Galleria Division, launched Parco (now Galleria Luxury Hall East)

City Development Division, established Asan Techno Valley Corporation Chemical Division, completed construction of the Hanyang Chemical Yeosu Plant and 1980 Dow Chemical Korea Yeosu Plant 2004 Chemical Division, opened its Beijing Office Galleria Division, launched Hanyang Shopping Center Yeongdong branch (now Galleria Galleria Division, renewed Galleria Luxury Hall and renamed it to Luxury Hall 1979 Luxury Hall West) West and Luxury Hall East 1977 Galleria Division, established Hanyang Super Co., Ltd. 2002 Chemical Division, developed ASR at the Daedeok R&D Center 1975 Galleria Division, launched Hanyang Store Yeoui branch 2001 City Development Division, established Daedeok Techno Valley Corporation 1965 Chemical Division, established the Korea Hwasung Plant 2000 Galleria Division, acquired Dongyang Department Store Co., Ltd.

014 Hanwha Solutions Business Strategy

Hanwha Solutions leverages its business strategies to become a global energy and materials solution leader as we enhance the value of life and create a sustainable future.

• Strengthen existing business • Diversify business portfolio • Foster promising new businesses • Enhance the department store’s • Develop large-scale complexes competencies - Enter the energy retail business in of the future premium competencies - Continue to develop large-scale - Advance product portfolio and improve Germany in 2019 - Develop composite materials for high - Ensure the highest, premium quality complexes: multifunctional high-tech cost competitiveness - Expand energy system solution sales pressure Type 4 tank, aviation and - Develop world-class, luxury product industrial complexes that converge - Promote downstream businesses advanced films lineup across the region residential, commercial and industrial • Diversify technology-based - Expand core VIP customers facilities; and urban development businesses projects - Develop high-value-added resources, • Diversify business portfolio based materials and healthcare products • Expand business portfolio on VIP customers - Enter developing business areas to - Build a new premium digital platform • Boost digital transformation build industrial complex-linked - Continue to generate profit by - Accelerate the growth of our premium facilities and apartment houses transforming the ways of working from complex development business analog to digital

• Explore eco-friendly businesses • Lead the smart energy lifestyle market • Enter the eco-friendly vehicle supply • Develop ESG product lineup and • Develop eco-friendly complexes - Develop green hydrogen business - Create an efficient energy lifestyle that chain market expand customer service - Introduce eco-friendly city design with enables solar energy-based power - Expand the supply of battery housings for - Develop eco-friendly, life- and ethics- smart and renewable infrastructure, • Build a circular economy system generation, storage and control using PV electric vehicles and CVM themed private brands and promote brand while attracting eco-friendly companies - Promote chemical recycling and ESS businesses collaborations - Develop an ecological green city in - Develop bio-based chemicals & polymers - Contribute to the economic use of eco- • Improve fuel efficiency by reducing connection with parks and green areas - Develop bio-degradable polymers friendly electricity for consumers through vehicle weight • Improve eco-friendly corporate our energy retail business, targeting - Enhance fuel efficiency by supplying culture prosumers and self-consumption markets lightweight composite materials such as - Enhance energy efficiency and recycling StrongLite and SuperLite rate at the workplace - Expand social environmental movement through the “Right! Galleria” campaign

015

Chemical케미칼케미칼부문Division사업부문 Overview소개사업 소개

Established in 1965, Chemical Division is a producer of PVC (polyvinyl chloride), the first in South Korea. We also produce LDPE (low-density polyethylene), LLDPE (linear low-density polyethylene), CA (chlorine and caustic soda), and TDI. By producing basic chemical products necessary in everyday life, we are improving the quality of life around the world.

Business Area

We built a batch production system that ranges from PO, PVC, CA, and TDI. As South Korea’s leading chemical company, we are transforming into a global eco-friendly company by expanding our portfolio of high-value-added products, enhancing cost competitiveness and developing eco-friendly products.

PO (Polyolefin) PVC (Polyvinyl Chloride) CA TDI

017 Chemical케미칼Division케미칼부문 사업부문 Key소개사업 Products소개

PO (Polyolefin) PVC (Poly Vinyl Chloride) CA (Chlor-Alkali) TDI (Toluene Diisocyanate)

Boasting outstanding physical properties PVC is a general-purpose plastic widely Chlor-alkali, also known as CA, is an inorganic TDI is commonly used across a wide array of and environmental stability, PO is a used for applications such as synthetic chemical product represented by chlorine and industries and in everyday life, such as polymer used in a wide variety of leather, packaging, flooring, toys, and caustic soda. It is used in various fields such polyurethane foam and paint adhesives. We applications from daily consumer goods to textiles. In 1966, we became the first as inorganic chemical products, paper, textiles, are enhancing our global competency within high-tech industrial materials. In 1972, we company in South Korea to produce PVC. metals, electricity and electronics. We are the polyurethane industry through the succeeded in producing LPDE for the first Since then, we also developed striving to secure global competitiveness while localization of high-purity XDI, a specialty time in South Korea, and are now ECO-DEHCH, a premium eco-friendly maintaining our No. 1 market share in CA chemical material for optical lenses, for the producing wire and cable compounds, plasticizer, which was the first of its kind in domestically. second time in the world. adhesives for hygiene products, and South Korea. hydrogenated hydrocarbon resins.

Products Products Products Products LDPE, LLDPE, EVA, HDPE, wire and PVC (Straight/paste/CPVC), DEHCH Caustic soda, chlorine, EDC, VCM, ECH, TDIs, TDI derivatives, TM, TDAs, XDI cable compounds, hydrogenated (Eco-friendly plasticizer), sodium hypochlorite hydrocarbon resins. plasticizer/OA/PA/MA

018 Chemical케미칼 부문DivisionR&D R&D

For over 30 years since its inception, Chemical Division’s Daeduck R&D Center has been committed to developing forward-looking technologies as we pursue a better tomorrow.

R&D Mission

Securing future growth engines Strengthening existing business Creating a pool of experts Building a global R&D competencies network

Major Research Area

PO/PVC polymerization technology Eco-friendly plasticizers Polymerization/chemical catalysts High-value-added isocyanate and product development

Functional polymers Chemical processes Water electrolysis Eco-friendly materials/processes

019

Q CELLS큐셀 부문 Division사업 Overview소개

Q CELLS Division is a global provider of total energy solutions. We are actively pursuing businesses in major global markets by not only building and operating power plants in the mid-stream sector or producing cells and modules, but also securing down-stream value chains, which includes the retailing of electricity.

Business Area

We provide a full range of solar products and solutions, from solar modules and energy solutions systems to large-scale solar power plants.

Solar Modules Energy Solutions Systems Downstream Activities Energy Retail

021 Q CELLS Division큐셀 부문 Key주요 Products제품 & Services

Solar Module Energy Solutions System Downstream Activity Energy Retail

Bankability Q.ENERGY

Financial Expertise strength

100% clean Electricity bill energy supply payment

Reliability

Planning Execution Customer

Our world-renowned solar modules of Our Q.HOME+ ESS is an ideal Solar power plants are a reliable Q.ENERGY delivers and supplies green Q.ANTUM cell technology are high- energy storage system to reduce energy source and competitive energy with solar energy. We provide quality photovoltaic products at an electricity costs while ensuring stable economic investment that leverage self-sustaining power generation affordable price, maximizing energy long-term operation with high power our EPC solutions with financial solutions through the distribution of eco- yield and ensuring low levelized cost supply for residential consumers. stability, expertise, and product friendly electricity. Now, anyone can of electricity. excellence. become a customer of Q.ENERGY.

022 Q CELLS큐셀 부문 DivisionR&D R&D

Our Q CELLS Division employs a unique combination of R&D, pilot productions, and testing to develop and apply innovative manufacturing methods for the creation of high-tech products. We are setting new technology standards in the industry.

R&D Center Technology Innovation Technology Leadership

Germany, South Korea, Q.ANTUM technology, World record 19.5% Malaysia, China Q.ANTUM DUO technology, Setting the standards Q.ANTUM DUO Z technology, Cumulative PERC cell production of 25GW+ Q CELLS yield security Securing highest yields under real conditions

023

Advanced Materials첨단소재 Division부문 사업 Overview소개

Advanced Materials Division has an innovative lineup of products and technology in the fields of lightweight composite materials, solar materials, and electronic materials. We have established local production and R&D centers in North America, Europe, China, and South Korea. Such connections have enabled us to expand our trusted partnership with various global partners.

Business Area

As a global leader with advanced lightweight composites, solar materials and electronic materials, we are developing sustainable solutions that make the world a better place.

Lightweight Composite Material Type 4 Composite Material Solar Material Electronic Material

025 Advanced Materials Division Key Products

StrongLite Type 4 Composite Material Tank (GMT, glass fiber reinforced thermoplastics) Molded high-functional carbon fiber reinforced composite material, the Type 4 composite material tank is used for high-pressure gas or hydrogen storage, such as CNG A composite material in the form of a plate, reinforced with polypropylene resin (PP) and glass fiber mat, (compressed natural gas) tanks and hydrogen tanks. StrongLite has strength levels comparable to steel, It is used as tube skids for transporting hydrogen fuel for but with 20-25% less mass. It is widely used such as passenger cars, buses and trucks. bumpers and chair backs.

SuperLite Solar Materials (LWRT, low weight reinforced (EVA sheet, back sheet) thermoplastics) Leveraging more than 30 years of experience with sheet manufacturing technology, we SuperLite is a composite sheet material that can be independently develop, produce, and supply thermoformed at low pressure. It boasts outstanding EVA and back sheets used for solar modules. strength relative to its weight, and also possesses sound absorption and trimming qualities. The materials are used in various products such as automobile headliner and underbody.

SMC LinkTron (Sheet Molding Compound) (High-functional film for mobile devices and displays) With excellent moldability, SMC is a composite molding material used for bathroom ceiling panels, water tanks We produce materials for FPCB (Flexible Printed Circuit as well as truck beds and tailgate lids for automobiles. Board) such as coverlay film (insulation film), 3-layer It is especially popular for battery housing of eco- FCCL and bonding sheet (adhesive sheet). friendly vehicles.

026 Advanced첨단소재 Materials부문 R&D Division R&D

Advanced Materials Division is diversifying its business lines by expanding into lightweight composite materials and developing more advanced thermoforming technologies. We are also developing high-function and high-quality film materials that will drive the market forward. We are constantly developing and acquiring unique and innovative technologies that can strengthen the competitiveness of the three key industry segments we focus on—automotive, electronics, and solar.

Vision Vision Vision Leading in the development of global Developing new materials and providing Establishing a full-lineup of the highest materials and components technology customized solutions through platform technology expansion quality, flexible circuit materials

Lightweight Composite Solar Materials Electronic Materials Materials Development Development Development

We lead the world in the production of lightweight After entering the solar materials market, we focused our Specializing in the localization of FCCL materials, we concentrated automotive materials and have secure our competitive attention to developing new material sheets. We also worked on on circuit materials for next generation products such as advantage through integrated technology from expanding our product lineups for solar cells and module materials. 5G mobile communications and IoT devices. materials to final products.

027 Business Portfolio Galleria Galleria큐셀 부문Division사업 Overview소개

Since its founding in 1976, Galleria Division has specialized in retail services throughout Korea. Along with our Galleria Luxury Hall, the first and highest quality luxury store in South Korea, we own a number of local department stores across the nation. Each offer an unparalleled suite of upscale shopping experiences by showcasing global fashion trends, fine dining, and premium services.

Business Area

Galleria Division operates five stores within the major cities across Korea: Seoul; Suwon (Gwanggyo); Cheonan; Daejeon; and Jinju. We also operate other retail businesses, including global fashion brand sourcing and F&B services.

Department Store Fashion F&B

029 Galleria큐셀Division부문 주요 Key제품 Business

Department Store Fashion F&B

The Galleria, which was the first department store to introduce Galleria Division offers exclusive direct sourcing of global We offer finest F&B brands, such as GOURMET 494, the first the luxury goods concept in Korea, delivers high-end brand luxury fashion houses such as Stefano Ricci and Fauré Le grocerant in Korea, and VINO 494 CLASSIC, the first premium curation and the ultimate in VIP service. There are five Page, as well as German luxury skin care brand NOESA. wine shop in a department store. As a trendsetter in the locations across Korea and each are the No.1 retailer in its You will also find US lifestyle retailer Fred Segal and Korea’s premium gourmet market, we continue to raise our brand value respective region. The Galleria is known for providing a first fashion boutiques, such as G.STREET 494+ and by developing GOURMET 494 private brand products made differentiated customer experience with trendy brands, G.STREET 494 HOMME, making us a leading fashion with carefully selected ingredients. high-quality food, and innovative space design. company by introducing the world's latest trends in real time.

030 Business Portfolio City Development City Development큐셀 부문 사업 Division소개 Overview

After a successful start in the Daedeok Techno Valley in 2001, City Development Division has developed six large-scale complexes over the past 20 years. With six projects underway, we are leading the urban development industry and contributing to the revitalization of the local economy as through the impact of our multifunctional high-tech industrial complexes in Asan, Seosan, Gimhae, Hwaseong, and Yongin.

Business Area

We design and build multifunctional industrial complexes to help revitalize the local economy and lay the foundation for sustainable growth

Groundbreaking of Daedeok Gyeonggi Hwaseong Bio Gimhae Techno Valley Seosan Techno Valley Techno Valley Valley

032 City Development Division, Development Cases

Daedeok Techno Valley Asan Techno Valley

- Location: Yuseong-gu, Daejeon - Location: Dunpo-myeon, Asan-si - Project period: 2001~2009 - Project period: 2004~2013 - No. of tenant companies: 2020+ - No. of tenant companies: 110+ - Development area: 4,270,056m2 - Development area: 2,983,902m2

Seosan Techno Valley Gimhae Techno Valley

- Location: Seongyeon-myeon, Seosan-si - Location: Jinrye-myeon, Gimhae-si- - Project period: 2007~2016 - Project period: 2011~2017 - No. of tenant companies: 60+ - No. of tenant companies: 210+ - Development area: 1,985,848m2 - Development area: 1,644,111m2

Gyeonggi Hwaseong Bio Valley Yongin Techno Valley

- Location: Mado-myeon, Hwaseong-si - Location: Idong-myeon, Yongin-si - Project period: 2010~2018 - Project period: 2014~2020 - No. of tenant companies: 180+ - No. of tenant companies: 120+ - Development area: 1,739,821m2 - Development area: 840,342m2

033

Hydrogen수소사업 Business밸류체인 Value Chain

Hanwha promotes systematic projects to revitalize the hydrogen economy by leveraging green hydrogen production and supply capabilities through our renewable energy business.

Hanwha Solutions Hanwha Solutions Hanwha Solutions Hanwha Energy Hanwha Power Systems Q CELLS Division Chemical Division Advanced Materials Division

Expanding the hydrogen No. 1 global leader in Total energy solutions No. 1 in South Korea’s Expanding Type 4 composite charging system and solar cell production provider CA electrolysis business material tank business entering in the Korea Gas Corporation business

Solar cells and modules, Cogeneration business, solar PE, PVC, CA, TDI Light-weight composite materials, Industrial air and gas compressors, energy solutions systems, power generation business SMC, solar materials, highly- gas turbines, power generation systems downstream activities, efficient and high-function film energy retail materials, hydrogen tank

Securing “Green Hydrogen” Production and Supply Capability

035 Hydrogen수소사업 Business추진 현황 Progress

In an effort to establish global P2G business capabilities using renewable energy, Hanwha has developed next-generation water electrolysis technology and hydrogen charging systems grounded on our solar energy business expertise.

Renewable Energy Water Electrolysis Compressor Storage Container Charging System

Hydrogen Production Hydrogen Storage Hydrogen Charging (Q CELL Division & (Hanwha Power Systems (Hanwha Power Systems) Chemical Division) & Advanced Materials Division)

036 Chemical케미칼 Division부문 Hydrogen수소사업 Business

By leveraging Chemical Division’s hydrogen business capabilities, we have advanced into the green hydrogen-based business and moved closer to becoming a top-tier global company by 2025.

Business Model

Renewable/Grid Water Electrolysis Storage & Energy Vector Hydrogen Vehicles Power to Gas Transportation

Technology Development

Source Material MEA Stack / System

Catalyst Anion exchange Developing scale-up process technology Designing and producing stack membrane

Developing non-PGM Developing highly-durable Optimizing large-scale active area MEA Flow field analysis and design / catalyst and activating materials and film forming fabrication and developing R2R developing cell and system unit high catalysis technology continuous process technology

037 Chemical케미칼Division부문 Hydrogen수소사업 Business

038 Q CELLS 큐셀Division부문 Hydrogen수소사업 Business

Leveraging our world-class solar energy expertise, Q CELL Division develops green hydrogen production complexes committed to making a better world through clean energy.

Strategic Plan

Green Hydrogen Support for Growing Market Prospect Concept and Features Green Hydrogen

6.7%

Green hydrogen is produced through electrolysis using Hydrogen is advantageous for GHG reduction and long-term With an annual average growth of 6.7%, the green hydrogen renewable energy generated by solar or wind. storage of energy. Many countries including Germany, the EU, market is estimated to grow to 540 million tons by 2050. Compared to other energy materials such as gray Australia, Japan, and South Korea have established roadmaps We expect green hydrogen to lead the growth of the hydrogen hydrogen, it has significantly lower greenhouse gas emissions. to revitalize the hydrogen economy. market. Our Q CELLS Division plans to develop green hydrogen production complexes.

039 Advanced Materials첨단소재 부문Division수소사업 Hydrogen Business

As the No.1 global company for high-performance and lightweight composite materials, the Advanced Materials Division provides green hydrogen energy storage and transportation solutions:

High-pressure Jumbo Tube Skid Container Capacity

Annual Transportation Cost Comparison of Hydrogen Transportation Tube Skid Containers Capacity Comparison Comparison of annual transportation costs when operating a charging station for 300 days per year, requiring 500kg hydrogen per day: 1,170 1,020 Jumbo Type 4 Tank 307 60 million 221 KRW per year

Steel Tank 270 million KRW per year Steel Tank Jumbo Type 4 Tank Steel Tank Jumbo Type 4 Tank

Type 4 Hydrogen Tank High-pressure container made of polyamide liner and carbon Carrying Capacity Usable Storage Capacity fiber composite materials: - Maximum working pressure: 990 bar / Maximum tank capacity: 3,000 liters - High reliability and safety performance / High transportation efficiency due to lighter weight compared to steel

040 Advanced Materials첨단소재 부문Division수소사업 Hydrogen Business

Advanced Materials Division develops high-pressure containers made of composite materials, which can be efficiently produced to be used across a variety of fields ranging from hydrogen production, transportation, and storage.

Applications

Hydrogen Fuel Storage Solution Hydrogen Transportation Solution Hydrogen Storage Solution for Charging Stations

• High-pressure tank (Working pressure at 350~700 bar) • High-pressure tube skid (Maximum pressure up to 517 bar) • Ultra-high-pressure tank (Maximum pressure up to 990 bar) • Applications (Hydrogen fuel tanks for hydrogen fuel cell • More than 4 times the transportation efficiency • Package-type design drones, passenger cars, commercial vehicles, trains, and Compared to steel products • High-space efficiency ships) • Lightweight and increased storage capacity • 20FT, 40FT customized modules available

041

Sustainability Management System

One way in which Hanwha Solutions seeks to maintain and increase its competitiveness is by embracing future growth engines for sustainable growth. To do this, Hanwha Solutions is modifying its business structure. Whether it is with new growth engines or new solutions, we’re employing cutting-edge management systems and making changes inside and out to improve sustainability today, so we can make it better for everyone, tomorrow.

Key Directions of Sustainability Management

Hanwha Solutions conducts sustainability management with a view toward economic, social, and environ mental goals, while also reflecting the diverse opinions of our stakeholders.

Compliance Corporate Environmental Win-win Talent Management Citizenship Management Partnership Management

043 Corporate Citizenship

Hanwha Solutions remains committed to doing its part as a good corporate citizen. Our part is to help make the future of the world brighter and the people in it, healthier. We believe this vision is best realized by working, sharing, and caring, together. This is why we created and live by our slogan: “Go Further Together.”

Social Contribution Slogan

Go Further Together

Social Contribution Mission

We believe we can go further together and build a better future

Core Areas and Vision

Talent Culture and Eco-friendly Volunteering Development the Arts Environment and Donations

Help employees achieve Enrich people’s lives Create a greener Foster the spirit of their dreams tomorrow sharing

044 Social Contributions to Enhance Lives

Through our social contributions, Hanwha Solutions is creating a sustainable tomorrow where everyone has the opportunity to live better lives. To make the world a healthier, cleaner, and happier place to live, we have implemented a range of programs that include those that foster future generations, preserve the environment, promote culture and the arts, and help those less fortunate.

Eco-friendliness Community Program Community Program Community Program Education Program (Chemical Division) (Q CELLS Division) (Advanced Materials Division)

(Chemical Division) Energy Class for Tomorrow (Headquarters) Volunteer programs that use employee talent (Headquarters) Eco-friendly and community (Headquarters) Volunteer programs for the community (Advanced Materials Division) Hanwha Eco School (Daedeok R&D Center) Educational programs that leverage service for a sustainable future and social value employee expertise (Plants in Korea) Promoting sports for the (Sejong and Eumseong Plants) Volunteer activities linked (Yeosu Plant) Supporting marginalized areas and disabled in the Chungbuk area to local social welfare institutions multicultural families (Ulsan Plant)Collaboration with regional professional organizations and other corporations

045 Social Contributions to Enhance Lives

Through our social contributions, Hanwha Solutions is creating a sustainable tomorrow where everyone has the opportunity to live better lives. To make the world a healthier, cleaner, and happier place to live, we have implemented a range of programs that include those that foster future generations, preserve the environment, promote culture and the arts, and help those less fortunate.

Community Program Right! Community Program (City Development (Galleria Division) Galleria Division)

(Companywide)Operating the PARAN project, a campaign to (Galleria Division) Implementing campaigns to (Headquarters)Providing volunteer activities in uncover blind spots of companion animal culture and establish sustainable consumption and upholding collaboration with local welfare organizations in support assistance activities / Covering treatment values such as environmental protection, respect the development area expenses and offering emotional support for children with for life, and safety culture intractable diseases (Each Business Site) Lending volunteer activities in connection with welfare organizations to give back to the local community and promote its welfare

046 Eco-Friendly Solar Energy Sharing

As a global leader in renewable energy, we actively address climate change using the experience and expertise gained from developing world-class solar technology. Our efforts include supplying practical solutions and helping raise public awareness of the pressing need for sustainable development.

Happy Sunshine Hanwha Greener Clean Up Campaign Solar Forest Davos Mekong

Helping empower Planting 500,000 trees Donating a capacity of 340KW, Launching the campaign to help

communities and social projects by across seven locations in Korea, Mongolia, which is enough to reduce 20 tons of CO2 address one of the world's ongoing environmental providing solar-power systems to and China. emissions per year. issues: water waste. make them more energy self-sufficient.

047 Environment

As a leader in smart solar energy and advanced materials solutions, Hanwha Solutions plays a large role when it comes to climate change response and national greenhouse gas reduction plans. We are also making a concerted effort to preserve natural resources such as air, water, and soil for across regional communities.

Strategies for Climate Change Response

Vision

To achieve green, sustainable growth for all with solutions ranging from energy to advanced materials

Goal

To effectively address global climate change with eco-friendly energy-focused management systems

Strategy

Building Eco- Reducing Building External friendly Management Greenhouse Gas Partnership System Emission

048 Environment Protection

Hanwha Solutions is building a cleaner and safer environment for the future by developing eco- friendly technologies, as well as various activities for continuous environmental improvement.

해피선샤 인 캠페 인

Air Pollution Protection Water Conservation Waste Treatment and Soil Protection Conducting a range of activities to efficiently Operating on-site contamination prevention Improving production processes to maximize waste recycling manage and reduce harmful air pollutants facilities and preventing hazardous substance leaks through and implementing soil contamination prevention inspections testing and analysis for water quality and effluent pollutant levels while installing separate storage facilities

Chemical Management Analysis of Eco-friendliness Eco-friendly Technology Strictly complying with international standards Securing eco-friendliness and safety of materials through Working on various activities such as developing eco-friendly for chemical treatment and preliminary review of the advancement of analysis systems and improved plasticizers, promoting carbon certification for solar new chemicals reliability for analyzing hazardous substances module products, and using eco-friendly materials for LWRT

049 Ethical Management

Hanwha Solutions has established and implemented compliance guidelines that conform to business laws and integrates across our business. We identify regulatory compliance laws and regulations, as well as any potential risks concerning employee or legal issues, and take precautionary steps to curb those risks.

Ethical Management Strategy

By identifying regulatory compliance laws and regulations, as well as any potential risks concerning employee or legal issues, and protecting customer information, we are proactively responding to growing demands for compliance management at home and abroad.

Comply and Adhere to a Code of Conduct Customer Information Protection Ethical Management Program

Strictly complying with compliance laws, anti-corruption Supervising all security practices to safeguard all Practicing managerial ethics, creating awareness for code of conduct, as our employees practices information in accordance to laws, regulations, compliance and encouraging employees and ethical behavior protocol and procedures, including customers’ stakeholders to participate in personal information ethical management standards

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