Torance Group Successfully Convenes 2026 Management Review — Reinforcing Systematic Governance and Strategic Excellence

Shanghai, June 2026 — Shanghai Torance Group (hereinafter "Torance"), a leading provider of new energy battery safety materials and lightweight composite solutions, held its 2026 Annual Management Review at its corporate headquarters. Chaired by the company's top management, the review brought together senior executives, department heads, and quality representatives from all business units for a comprehensive, systematic evaluation of the company's integrated management system.

A Strategic Milestone in Corporate Governance

The Management Review is a cornerstone requirement of the IATF 16949 Quality Management System and ISO 14001 Environmental Management System — both of which Torance has maintained with rigorous compliance. More than a compliance exercise, the review serves as the highest-level mechanism through which Torance's leadership critically examines the suitability, adequacy, and effectiveness of its management systems, ensuring alignment between operational performance and strategic ambition.

This year's review was particularly significant, as Torance continues to scale its dual mission: pioneering new business frontiers and elevating organizational capability through systematic management excellence.

Comprehensive Review Across Key Dimensions

The 2026 Management Review addressed a full spectrum of strategic and operational topics, structured around the following core areas:

Quality Performance and Customer Satisfaction

The review examined key quality indicators, including customer PPM performance, internal defect rates, warranty claims, and customer complaint resolution timelines. Progress against Torance's 2026 quality strategic targets — including its commitment to zero-defect delivery for safety-critical components — was assessed in depth.

Process and System Effectiveness

All management system processes were evaluated for effectiveness and efficiency. The review confirmed that Torance's four foundational systems — Quality, Human Resources, Project Management, and Finance — continue to mature, with measurable improvements in process ownership and KPI tracking across all business units.

Audit Results and Corrective Actions

Findings from internal audits, customer audits, and third-party certification audits conducted throughout the year were reviewed. The leadership team validated the closure of all major corrective actions and identified opportunities for further strengthening preventive measures.

Product Development and Industrialization Excellence

Given Torance's rapid expansion into mica insulation materials, aerogel inserts, pultrusion profiles, and composite lightweight solutions (battery underbody shields and upper covers), the review placed special emphasis on the robustness of its product development and industrialization processes. The team reaffirmed that rigorous product development and strict quality control are non-negotiable foundations, given that Torance's products serve as the last line of defense protecting life and property in critical failure scenarios.

Risk Management and Opportunities

In accordance with risk-based thinking embedded in IATF 16949, the review identified evolving risks across supply chain continuity, raw material cost volatility, and regulatory changes. Simultaneously, strategic opportunities were highlighted, including expanding into energy storage thermal protection, solid-state battery materials, and international market development.

Resource Adequacy and Organizational Development

The review evaluated whether the company's resources — human capital, infrastructure, and technology — remain adequate to support its growth trajectory. Torance's ongoing investment in talent development, including its structured training programs, leadership development initiatives, and internship pipeline, was recognized as a critical enabler of sustainable growth.

Leadership Commitment: Systems Over Individuals

In his closing remarks, Torance's top executive reinforced a foundational principle that has guided the company since its inception:

"An enterprise needs sound systems, not rule by individuals. This is the foundation of enduring success. Our products are, at their core, safety products — they protect life and property in one-in-ten-thousand scenarios. This responsibility demands nothing less than the most rigorous development processes and the strictest quality standards. No market pressure can override this commitment."

This philosophy — systematic governance over personal authority — has been central to Torance's transformation from a startup into a structurally robust, process-driven organization capable of serving the world's most demanding battery manufacturers and automotive OEMs.

Looking Ahead: Strengthening the Foundation for Global Expansion

The Management Review concluded with a set of clearly defined action items and improvement objectives for the coming year, including:

Enhancing the integrated management system across all subsidiaries, including Chongqing Huayu and Chongqing Huatuo Shengjiu

Accelerating digital transformation initiatives, including smart factory deployment and full-process digital management from order to delivery

Deepening international market penetration, with a focus on integrating into the supply chains of the world's top 10 battery manufacturers

Advancing R&D breakthroughs in next-generation materials, including solid-state battery electrolyte materials and sodium-ion battery fire protection solutions

Strengthening the talent development ecosystem, ensuring every team member is equipped to grow alongside the company's expanding ambitions

About Torance Group

Founded in 2018, Shanghai Torance Group is a China-based multinational enterprise specializing in new energy battery safety materials and lightweight composite solutions. Through its wholly-owned subsidiaries — Chongqing Huayu and Chongqing Huatuo Shengjiu New Energy Technology Co., Ltd. — Torance delivers a comprehensive product portfolio spanning mica insulation materials, aerogel thermal inserts, pultrusion profiles, thermal insulation shields, and composite lightweight structural components.

Certified to IATF 16949 and ISO 14001, Torance serves leading power battery manufacturers, energy storage system integrators, and global automotive OEMs. The company is committed to driving energy transformation and carbon reduction, creating entrepreneurial platforms for the next generation, generating value for shareholders, and aspiring to become a world-class enterprise in battery safety materials.

Vision: To become the global innovation engine for high-performance fire and thermal insulation materials, safeguarding industrial safety and a green future.

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