ESG Policy and Organization

To promote sustainable business practices and fulfill our corporate social responsibility ,the company sets up the “Sustainable Development Committee” (hereinafter referred to as the ESG Committee) as the highest organization for promotion of the ESG business. The committee is chaired by Mr. Wu Feijian, the chairman, and authorizes Mr. Gao Huowen, the general manager, to serve as the chairman (management representative), responsible for leading the planning, implementation, tracking, and supervision of the effective operation and execution of the ESG management system and related action plans.

ESG Committee is a platform for interdepartmental communication of the Company and includes corporate governance team, environmental safety and supply chain management team, employee rights care team, information security team, risk management team and social participation team. The team members from the manager of different departments work together to plan, execute and review the ESG goal regularly. In 2022, ESG Committee became the dedicated unit to promote sustainable development. It is mainly responsible for the operation and maintenance of the ESG management system, research and analysis of sustainable development trends, understanding the needs and expectations of stakeholders, developing sustainable development strategies, and guiding the related departments to plan appropriate sustainable actions.

According to the "Chipbond Sustainable Development Best Practice Principles", the Committee calls a meeting twice a year and reports to the Board of Directors every quarter in order to examines the progress of each projects and provides suggestions and feedback to ensure the ESG implementation results. The topics of the board meetings including: ESG annual goals and implementation results; Sustainable policies and regulations; Communication with stakeholders; Ethical Management; Risk management; Greenhouse gas examination; The direction for sustainable development projects, etc.