WITS | Stakeholders

WITS Corp. regularly performs materiality analysis to assess changes in stakeholder interest in ESG issues and to analyze the impact of sustainable trends on the Company's operations, including potential impacts, risks, and opportunities. Based on the results of the analysis, we will make timely adjustments to the content of the disclosure, action plans and long-term goals of the sustainability issues to respond to the expectations of stakeholders.

We follow the GRI 2021 Standards and the AA1000 Accountability Principle: 2018, and refer to the European Sustainability Reporting Standards (ESRS), published by the EU Corporate Sustainability Reporting Directive (CSRD).The Double Materiality principle is used to identify key sustainability issues by drawing a materiality matrix that integrates stakeholder concerns and the impact of sustainability issues on business operations.

In 2024, WITS Corp. conducted an online questionnaire survey to gauge stakeholders’ level of concern regarding sustainability issues and collected a total of 378 valid questionnaires. We then invited 21 internal executives to further evaluate the positive/negative degree of impact of each sustainability issue and the likelihood of occurrence of each impact, and analyzed the significance of each impact issue. Based on the 2024 identification results, six material topics were determined; the results were reported to the ESG Committee and, following the Board of Directors’ approval, were formally disclosed to external stakeholders.

2024 WITS Corp. Materiality Matrix

2024 Material Topics

Material Topics Before Consolidation	Material Topics After Consolidation
Talent Iteration and Attraction	Talent Cultivation and Career Development
Talent Cultivation and Development	Talent Cultivation and Career Development
Economic Performance	Economic Performance
Innovation and R&D	Technological Innovation
Client Relations Management	Client Relationship
Customer Privacy	Client Relationship
Information Security Management	Information Security Management
Ethical Management and Compliance	Ethical Management and Compliance

For details on the materiality analysis, explanations of changes in material topics, the relationship between material topics and the value chain, and the corresponding management approaches, please refer to the “Stakeholder and Materiality Analysis” chapter of the ESG Report.

WITS Corp.’s ESG Office regularly conducts materiality identification across the governance, social, and environmental dimensions, reviews each unit’s target-achievement status and formulates future directions, and consolidates relevant outcomes, stakeholder-engagement results, and ESG discussion items/recommendations for submission to the ESG Committee. The consolidated results are reported to and confirmed by the Board of Directors annually; the most recent report on stakeholder communications was presented to the Board on November 7, 2024.

Stakeholder	Meaning to WITS Corp.	Main Concerns	Communication Methods, Channels and Frequency
Stakeholder	Meaning to WITS Corp.	Main Concerns	Methods and Channels	Frequency
Clients	WITS Corp. strives to be a long-term and trustworthy partner for our clients and to build a stable relationship with them. The sustainability of client relationships is the key to the continued growth of WITS Corp.	• Client Relations Management • Customer Privacy • Talent Iteration and Attraction • Supplier Management	Business review meetings with clients	Based on business needs
			Client satisfaction survey and responses	Half-yearly
			Client audits and client questionnaire responses	Based on client requests
			Annual Client Offline Networking Event	1 Event
Employees	Employees are the most important partners of the company, as well as the basis of the continuous progression of the Company. WITS Corp. aims to establish a diverse, equal, and healthy work environment where our employees have a stage to shine and continue to grow with the company, creating better value for both parties.	• Talent Cultivation and Development • Human Rights • Talent Iteration and Attraction • Occupational Health and Safety	Employee Welfare Committee	7 Events
			Operational Briefing	• Annual Reports: Annually • Fiscal Report: Quarterly • Fiscal Newsletter: Monthly
			Labor-Management Meetings	Quarterly
			Talent Cultivation and Employee Training	76 Events
			Employee Chatbot (Chat8855)	Irregular (Anytime, anywhere, automated responses or assistance to specialized contacts for further communication)
			Supervisory Coaching and Performance Communication	In addition to performance communication, appropriate counseling to be provided from time to time in accordance with the individual circumstances of our colleagues.
			Employee Health Care	Company-wide health checkups: annually
Suppliers	WITS Corp. wishes to establish solid partnerships with our suppliers and ensure that the services they offer are in line with the operational value of WITS Corp. Through the sustainable management of suppliers, we hope to jointly achieve sustainable development for both WITS Corp. and our suppliers and create better benefits for our clients.	• Supplier Management • Information Security Management • Customer Privacy • Ethical Management and Compliance • Economic Performance	Supplier Conference/Forum	Once a year
Suppliers			Suppliers Audit	Once a year
Shareholders/ Investors	Shareholders are the key force behind WITS Corp.'s steady growth. WITS Corp. uses its capital appropriately and enhances the transparency of our operations and financial information to maximize shareholders' interests.	• Economic Performance • Ethical Management and Compliance • Client Relations Management • Information Security Management • Talent Iteration and Attraction • Human Rights	Corporate Financial Report	Monthly reporting of operating data and publication of revenue/Quarterly reporting of financial statements.
			Annual Report	Once a year
			Investor Relations Meeting	5 Events
			Shareholders’ Meeting	Once a year
			Major Announcements	As Needed
			Corporate Sustainability Report	Once a year
			Corporate Website	Financial Newsletter: Quarterly
Government/ Responsible Authorities	WITS Corp. actively aligns with national development policies, complies with government regulations, and maintains good communication with the authorities to create local employment opportunities and tax revenue sources.	• Ethical Management and Compliance	Telephone calls, correspondence and questionnaires	As Needed
			Market Observation Post System	As Needed
			Participate in online/in-person seminars and presentations	At least 7 Events
Non-profit Organizations/Community	Building long-term partnerships with non-profit organizations and maintaining good engagement with the local community, we aim to give back to the community with WITS Corp.'s digital capabilities at its core and impart the company's sustainable impact.	• Social Engagement • Occupational Health and Safety	Charitable Activities	Quarterly
Non-profit Organizations/Community		• Social Engagement • Occupational Health and Safety	External Communication Email	As Needed
Media	WITS Corp. maintains good communication with the media and continues to convey the Company's brand image and strategic goals to the public.	• Economic Performance • Customer Privacy • Ethical Management and Compliance	Investor Relations Meeting	5 Events
			Media Communication Meeting	Once a year
			Press release	As Needed

HR
02-77458888#8805 Miss Chen
judychen@wits.com

Welfare Committee
02-77458888#8926 Miss Qin
maplechin@wits.com