Bairong Empowering ESG with Technology to Lead a Green and Intelligent Future

Beijing, June 20, 2025 – Bairong Inc. (the “Company”, “we”, “us” or “our” ; HKEX: 6608), a leading cloud-based AI turnkey service provider, recently released its 2024 Environment, Social and Governance (ESG) Report. The report systematically demonstrates the company's ESG strategy and practical achievements from five dimensions: efficient governance, digital-intelligent empowerment, quality services, public well-being, and a green future.

Bairong has deeply integrated ESG concepts into its corporate strategy and established a comprehensive governance system. The Board of Directors is fully responsible for supervising and making decisions on ESG matters, and a special working group has been set up to ensure that ESG goals are advanced in tandem with business development. In 2024, the company achieved revenue of RMB 2.929 billion and a net profit of RMB 376 million, with a net profit margin of 13%, demonstrating strong economic performance.

Efficient Governance Strenghtens the Foundation for Growth

In 2024, , Bairong further strengthened its compliance and risk management by implementing a strict internal control system covering legal compliance, data security, and business ethics, and continuously optimized ESG performance evaluation standards. The Board of Directors comprises members with diverse backgrounds and industry experience in technology, finance, investment, accounting, and academia. The Company held 16 governance meetings, including general meetings of shareholders, board meetings, and corporate governance committee meetings. On the business front, Bairong has earned high trust from customers through transparent management, achieving a core customer satisfaction rate of 97%.

In capital market communication, Bairong hosted two large-scale earnings conferences for 100+ participants, coordinated seven forums hosted by CEO and senior executives, and arranged over 250 roadshow meetings nationwide, covering more than 1,000 institutional or individual investors. These efforts reflect the Company’s sense of responsibility to respect, value, and protect investors. In terms of shareholder returns, the Company repurchased and cancelled 25,490,000 shares in 2024, spending HK$237.5 million to actively reward investors.

Digital-Intelligent Empowerment Driving the Technological Wave

Bairong’s product R&D is guided by solving real-world challenges, with products closer to users, unique in industry expertise, and highly efficient. The Company operates under a dual-engine model of "Model as a Service (MaaS)" and "Business as a Service (BaaS)", offering intelligent solutions for multiple industries including finance, healthcare, and e-commerce.

MaaS Business: Leveraging decision-making AI technology to help enterprises digitize "Know Your Customer (KYC)" and "Know Your Product (KYP)" to improve operational efficiency. In 2024, MaaS business revenue reached RMB 932 million, with a core customer retention rate of 97%.

BaaS Business: Generative AI powered intelligent robots provide personalized services that drive digital transformation in finance, insurance, and other sectors. BaaS revenue from the financial industry reached RMB 1.411 billion, a year-on-year increase of 19%, becoming the Company's second growth engine.

Pursuit of Excellence, Delivering High-Quality Services

The Company has achieved CMMI Level 5 certification and holds multiple accreditations, including Information System Security Level Protection Level 3 certificate, and Quality Management System certification. The cloud platform maintains 99.999% uptime, and AI models are invoked more than 300 million times per day on average. VoiceGPT delivers 40 milliseconds call latency and supports emotional recognition and emotional voice output in more than 20 language, including dialects and English. AvatarGPT’s interactive hardware has been commercially implemented in scenarios such as youth mental health support and is expanding into broader financial and cross-industry applications. In 2024, the Company invested RMB 509 million in R&D, accounting for 17% of revenue. It has more than 750 technical R&D personnel, accounting for 52% of the workforce. As of the end of 2024, it has cumulatively obtained 319 patents and software copyrights, covering artificial intelligence, machine learning, big data, privacy computing, human-machine collaboration, multimodal technologies, and other fields.

People-Oriented, Advancing Public Well-being

As of the end of 2024, Bairong had 1,445 employees. The employee satisfaction score reached 4.84 out of 5. Total compensation expenses for the year were RMB 875.297 million, a 22% increase from RMB 718.005 million the previous year. The Company introduced its 2024 share incentive plan with a total of 41 million shares allocated, and has already granted 1.168 million stock options to key employees. In 2024, it invested RMB 346,000 to support employees facing difficulties and held 504 training sessions, spending RMB 860,000. Employee training coverage reached 98%, with an average of 65 hours per employee.

Bairong cares deeply about youth mental health. A donation ceremony was held in Beijing for "AI Heart Protection Cabin", an emotional support center for adolescents jointly created by Huakai Youshi and Bairong. The initiative covers 300 schools in 100 counties/districts nationwide, using AI to safeguard the emotional well-being of young people. Additionally, Bairong donated 124 computers to the Beijing Guixin Charity Foundation to support the "Xiaori Chunhui Computer Classroom" public welfare project, aiming to promote rural education innovation and digitall learning.

Green Development, Creating a Better Future Together

Bairong incorporates sustainable development into its daily operations and is committed to reducing its environmental footprint. It has obtained ISO14001 certification in environmental management, with a waste recycling rate of 85% in 2024, and water and electricity saving measures reducing resource consumption by 20%. For green office initiatives, it adopted recycled materials and intelligent energy systems. On the climate front, it analyzes the carbon emission and established a roadmap toward carbon neutrality. The Company actively participates in green financial projects, promoting low-carbon industry transformation. With AI, Bairong accurately empowers core business scenarios such as green financial identification, environmental benefits, and ESG evaluation, creating an integrated AI green finance solution to help institutions achieve intelligent upgrades in their green finance service systems.

In the future, Bairong will continue to deepen ESG practices and explore the deep integration of technology and sustainable development to create more intelligent value for society.

About Bairong Inc.

Bairong Inc. is a leading artificial intelligence (AI) technology services company. The Company applies natural language processing (NLP), privacy computing, machine learning, cloud computing and other technologies to provide services to enterprises through model-as-a-service (MaaS) and business-as-a-service (BaaS). The MaaS services leverage discriminant AI to digitalize the know-your-customer (KYC) and know-your-product (KYP) process for enterprises, by analyzing users’ risk, willingness, and capability. The BaaS services use discriminant AI to analyze and stratify users into groups and develops generative AI-powered VoiceGPT using human natural languages to interact with users. The Company’s products and services are widely used by enterprise customers in banking, consumer finance, insurance, e-commerce, automobiles, logistics, ticketing, energy, construction and other industries.

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Bairong Inc.
Ms. Sandy Qin, CFA, CMA, FCG HKFCG
Email: ir@brgroup.com

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SOURCE Bairong Inc.