Mutto Optronics Corporation

Climate Impact & Sustainability Data (2020, 2021)

Updates information system to reduce paper usage, encourages using recycled paper, and implements garbage sorting and recycling.
Promotes various energy-saving and carbon reduction measures, such as using low power consumption and high brightness bulbs for lighting equipment, using electronic forms to reduce paper consumption, etc.

Provides employees with labor insurance (including occupational disaster insurance) and national health insurance in accordance with the laws and regulations.
Has a health examination system for employees, employees are eligible for health examination expense compensation every 1~2 years according to their age.
Arranges on-the-job training for employees to strengthen their professional skills and knowledge.

Long-term Goals:

Actively program other operating projects based on the technical business capabilities of the entire management.

Short-term Goals:

Customers depleting previous inventory, sluggish market growth affected by COVID-19, low capacity utilization resulting in operational losses.
High concentration of sales to a single customer (over 90%).
Significant losses due to investments in overseas corporate bonds.

Actively developing new customers to reduce sales concentration risk.
Focusing on new product development, improving yield and production efficiency.
Implementing automation production and reviewing product development trends to meet market demands.

Frameworks Used: IFRS, IAS, IFRIC Interpretations, SIC Interpretations

Certifications: ISO9001, ISO 14000, IECQ HSPM(QC080000)

Third-party Assurance: Deloitte & Touche

Updates its information system and use electronic work to reduce paper usage, encourages using recycled paper, and implements garbage sorting and recycling.
Promotes various energy-saving and carbon reduction measures, such as using low power consumption and high brightness bulbs for lighting equipment, using electronic forms to reduce paper consumption, etc.

Established various employee salary and welfare measures in accordance with the relevant labors law and regulations, and stated in the Articles of Incorporation that if there is profit in the year, it shall set aside 1% to 10% of the profits as employee compensation
Has a health examination system for employees, employees are eligible for health examination expense compensation every 1~2 years according to their age. In addition, the subsidiary in China arrange employees to conduct health checks every year, and organize new employee training courses to strengthen the awareness of hazard recognition and hazard prevention.
Provides employees with labor insurance (including occupational disaster insurance) and national health insurance in accordance with the laws and regulations.

Established the Ethical Corporate Management Best Practice Principles approved by the Board, which is disclosed on MOPS and it’s website
Established the Rules for the Prevention of Insider Trading and Employee Manuals clearly state that employees shall not engage in dishonesty, and shall be prevented through regularly audit by the Internal Audit Office and the implementation of the whistle-blowing system.
Established the Codes of Ethical Conduct and relevant measures that clearly defines consequences of violation and complaint procedure, and implement the Codes.

Long-term Goals:

Considering going concern, actively program other operating projects based on the technical business capabilities of the entire management.

Short-term Goals:

Relationship between the United States and China are still deteriorating, the Russian-Ukrainian war has occurred, which will affect the cost of raw materials and freight transportation.
There is still great uncertainty, depending on the follow-up development of various countries

The Company will continue to pay attention to relevant environmental changes and adjust development plans in response.
Focus on the development of automation production and rationally distributing the products to be self-made or outsourcing as the principle to maximize the profits.
Actively program other operating projects based on the technical business capabilities of the entire management to ensure the interests of all shareholders.