Enterprise Risk & Internal Control - Renon Power Technology Inc.

Risk framework

Risk Management Cycle： Manage major risks through identification, assessment, prioritization, ownership, control, monitoring, remediation, verification, and closure.

Risk Category

Structured Enterprise Risk Management

RenonPower identifies and manages key risks across the business.

Strategic Risk

Addresses market changes, product strategy, competition, major investments, and global business planning.

Financial Risk

Covers liquidity, credit, currency, tax, financial reporting, fund security, and major financial commitments.

Product Safety & Quality Risk

Covers product safety, quality, reliability, certification, software, and field performance risks.

Operational & Project Risk

Covers manufacturing, project delivery, services, business continuity, and critical process disruptions.

Supply Chain Risk

Covers critical materials, single sourcing, geopolitics, logistics, origin, labor practices, and supplier continuity.

Digital Risk

Covers cybersecurity, privacy, cloud services, data, digital systems, and business continuity.

Legal & Compliance Risk

Covers anti-bribery, sanctions, export controls, competition law, contracts, and other legal requirements.

People & Reputation Risk

Covers key roles, capabilities, workplace safety, culture, and reputational impacts from business events.

Responsibility & Internal Control & Rectification

Risk Ownership

Each major risk has a clear Owner, controls, monitoring indicators, escalation criteria, and remediation deadlines.

Control Types

Use preventive, detective, and corrective controls to reduce risk across key business processes.

Verification & Closure