Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced waste by 0.35 tons in 2022 (from 3.6 tons in 2021 to 3.25 tons).
• Reduced harmful waste emissions by 5% year-over-year.
• All printer products meet national Class I energy efficiency standards.
• All printer products have obtained environmental certification.

Social Achievements

• Employee satisfaction score reached 91.4 in 2022 (improved by 0.3 points from 2021).
• No work-related deaths or lost workdays due to work-related injuries in the past three years.
• Implemented a comprehensive occupational health and safety management system based on ISO 45001.
• Donated RMB 304,800 to the Pengjiang District Charity Association in Jiangmen City.

Governance Achievements

• Established an internal control department to conduct regular audits of the procurement department and other relevant departments.
• Implemented an anti-corruption policy and training programs for employees.
• Revised and restated the articles of association to align with core shareholder protection levels and applicable laws.

Climate Goals & Targets

Environmental Challenges

• Decreased revenue due to the repeated COVID-19 outbreaks in mainland China and weakened market demand in 2022.
• Increased chip prices and inventory write-downs leading to decreased gross profit margin.
• Intense competition in the printer industry due to the popularity of internet marketing and the emergence of new small-scale printer manufacturers.

Mitigation Strategies

• Actively exploring other market demands for needle printers, such as certificate printing and multi-part bill printing.
• Developing inkjet printing applications and cloud printing technology.
• Developing new products suitable for electronic invoice printing and developing the Jolimark invoicing platform.
• Developing alternative sourcing strategies for components and chips.
• Strengthening material procurement and production planning management.
• Developing suitable industry sales or customized models, improving product core technology, and using cloud printer technology advantages to expand printing equipment applications.

Supply Chain Management

Supplier Audits: On-site audits conducted for major suppliers.

Responsible Procurement

• Suppliers must meet assessment criteria including track record, experience, financial strength, reputation, ability to produce high-quality products, quality control effectiveness, environmental and safety requirements, and social responsibility.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Hong Kong Stock Exchange's Environmental, Social and Governance Reporting Guidelines

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient products with environmental and energy-saving certifications.

Awards & Recognition

• Provincial and municipal government awards for technological advancements.