Financial Performance - For the six months ended June 30, 2022, the company's revenue was approximately RMB 221.6 million, a decrease of about 29.0% compared to the same period in 2021[17]. - The company's net profit for the same period was approximately RMB 21.8 million, down 10.0% year-on-year[17]. - The CMS business revenue was approximately RMB 191.2 million, representing a decrease of about 31.5% compared to RMB 279.1 million in the previous year[19]. - The OBM business revenue was approximately RMB 30.4 million, down 7.9% from RMB 33.0 million in the previous year[20]. - The company's gross profit for the six months was approximately RMB 34.6 million, with a gross margin of 15.6%, down from 27.0% in the previous year[23]. - Profit for the six months ended June 30, 2022, was approximately RMB 21,800,000, a decrease of about RMB 2,400,000 from RMB 24,200,000 in 2021, mainly due to price competition in disinfectant products and inflation of certain raw materials[30]. - Gross profit for the same period was RMB 34,603,000, down from RMB 84,162,000 in 2021, indicating a decline of about 59%[63]. - Operating profit decreased to RMB 30,430,000 from RMB 38,257,000 year-on-year, reflecting a drop of approximately 20%[63]. - The total comprehensive income for the period was RMB 24,022,000, compared to RMB 17,402,000 in the previous year, showing an increase of approximately 38%[63]. Expenses and Cost Management - Selling expenses decreased to approximately RMB 6.4 million, a reduction of about 53.5% compared to RMB 13.7 million in the previous year[25]. - Administrative expenses for the six months ended June 30, 2022, were approximately RMB 25,500,000, a decrease of about 23.5% compared to RMB 33,300,000 in the same period of 2021[26]. - Employee benefits expenses (excluding R&D costs) decreased to RMB 15,318,000, down 41.0% from RMB 25,955,000 in the previous year[95]. - Total expenses for the six months ended June 30, 2022, amounted to RMB 218,843,000, a decrease of 20.4% compared to RMB 275,056,000 for the same period in 2021[95]. Assets and Liabilities - Total assets as of June 30, 2022, were approximately RMB 1,083,100,000, an increase from RMB 933,800,000 as of December 31, 2021[36]. - The company's total liabilities increased to RMB 679,267 thousand, compared to RMB 553,986 thousand, reflecting a rise of approximately 23%[67]. - Cash and cash equivalents at the end of the period reached RMB 90,775 thousand, significantly up from RMB 40,770 thousand, indicating an increase of around 122%[75]. - The company’s current liabilities totaled RMB 395,779 thousand, down from RMB 473,721 thousand, indicating a decrease of approximately 16%[67]. - Accounts payable as of June 30, 2022, totaled RMB 73,537,000, an increase of 16.1% from RMB 63,318,000 as of December 31, 2021[121]. Investment and Capital Expenditure - The group invested RMB 41,300,000 in property, plant, and equipment during the reporting period, compared to RMB 9,300,000 in the previous year[47]. - The group’s capital commitments for property, plant, and equipment were approximately RMB 181,700,000 as of June 30, 2022, compared to RMB 164,900,000 as of December 31, 2021[41]. - The company plans to continue upgrading existing production lines to improve automation and product quality[59]. - The company has committed to redeem RMB 8,000,000 of notes by September 15, 2022, as part of its debt management strategy[128]. Revenue Sources and Market Performance - Revenue for the six months ended June 30, 2022, was RMB 221,566 thousand, a decrease of 29% compared to RMB 312,135 thousand for the same period in 2021[93]. - Revenue from mainland China was RMB 157,255 thousand, an increase of 25.4% from RMB 125,395 thousand in the previous year[89]. - Revenue from the United States decreased by 45.9% to RMB 35,847 thousand from RMB 66,318 thousand[89]. - Major customers contributed RMB 104,762 thousand in revenue, down from RMB 187,486 thousand in the previous year[92]. Financing and Debt Management - Net financing costs for the same period were approximately RMB 5,400,000, down about 26.6% from RMB 7,400,000 in 2021, primarily due to reduced interest expenses on notes and bank loans[28]. - The company issued convertible bonds totaling HKD 93,300,000, with net proceeds of approximately HKD 92,200,000, allocated primarily for factory construction (51.4%) and debt repayment (46.4%)[57]. - The company has extended the maturity date of certain notes to March 15, 2023, as part of its refinancing efforts[128]. Corporate Governance and Compliance - The company has established an Audit Committee responsible for reviewing financial reporting procedures and risk management, consisting of three independent non-executive directors[157]. - The company has formed a Remuneration Committee to review and approve the remuneration packages for directors and senior management, consisting of four members[158]. - The company has a Nomination Committee that reviews the board's structure and diversity, comprising four members[160]. - The company has maintained compliance with the corporate governance code, except for the combined roles of Chairman and CEO held by the same individual, which the board believes is necessary for effective leadership[162]. Shareholder Information - As of June 30, 2022, the total number of shares issued was 491,800,000, with a significant shareholder holding 48.97%[139]. - Major shareholders include Green Island Investment with 240,812,000 shares, representing 48.97% of the company's equity, and Perfect Century Group Limited with 35,400,000 shares, representing 7.20%[148][149]. - The company has confirmed compliance with a non-competition agreement by its major shareholders, ensuring no direct or indirect competition with the company's business[152][153].

Financial Performance - The company's revenue for the year was approximately RMB 476.4 million, a decrease of about 15.9% compared to the previous year[28]. - The net profit for the year was approximately RMB 35.2 million, down by about 12.9% year-on-year[28]. - The CMS business and OBM business experienced declines of 14.3% and 27.4% respectively due to external factors[28]. - The basic earnings per share were approximately RMB 0.07, compared to RMB 0.08 in the previous year[28]. - The total comprehensive income attributable to the owners of the company was approximately RMB 45.8 million, an increase from RMB 9.9 million in the previous year[29]. - The revenue from the CMS business for the reporting period was approximately RMB 430.2 million, a decrease of about 14.3% compared to RMB 502.7 million in 2020[31]. - The revenue from the OBM business for the reporting period was approximately RMB 46.2 million, a decrease of about 27.4% compared to RMB 63.6 million in 2020[32]. - The cost of sales for the reporting period was approximately RMB 347.8 million, a decrease of about 9.7% from RMB 385.3 million in 2020[33]. - The gross profit for the reporting period was approximately RMB 128.6 million, a decrease of about 29.0% compared to RMB 181.0 million in 2020, with a gross margin of 27.0%[35]. - The net profit for the reporting period was approximately RMB 35.2 million, a decrease of about 12.9% from RMB 40.4 million in 2020, with a net profit margin increasing from 7.1% to 7.4%[36]. - Other comprehensive income for the reporting period was approximately RMB 10.6 million, an increase of about 121.0% compared to a loss of RMB 50.4 million in 2020[37]. Market Strategy and Expansion - The company has actively expanded its domestic market and developed high value-added products to improve pricing power[23]. - The company has increased its e-commerce sales channels in response to market conditions[23]. - The company plans to closely monitor international market changes and adjust strategies accordingly for better performance[23]. - The company aims to strengthen its market share and enhance its CMS and OBM businesses by launching high-quality products that meet market demand[74]. - The company will expand its product line through the development of medicinal and edible aerosol products and cosmetics by its subsidiary, Guoyao Jingyue Aerosol Co., Ltd.[74]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[155]. - A strategic acquisition of a local competitor is under consideration, which could enhance the company's production capabilities and market reach[155]. Corporate Governance - The board of directors emphasizes the importance of effective leadership and monitoring for the company's transparent and accountable operations[77]. - The company deviates from the corporate governance code by having the same individual serve as both chairman and CEO, which the board believes provides stable leadership necessary for swift business decisions[78]. - The board consists of three executive directors and three independent non-executive directors, ensuring compliance with listing rules regarding board composition[84]. - Independent non-executive directors possess extensive professional knowledge in accounting, finance, law, and business, contributing to independent opinions and judgments in board discussions[84]. - The company has adopted a "Director Nomination Procedure" to ensure a transparent process for evaluating and selecting board candidates[90]. - The board is responsible for comprehensive business management and strategy development, as well as overseeing financial performance[88]. - The company is committed to long-term success and safeguarding the interests of shareholders and stakeholders through effective corporate governance[82]. - All directors are subject to re-election at least every three years, ensuring accountability and governance standards[90]. - The board will continue to review and monitor corporate governance practices to maintain high standards[78]. - The company recognizes the need for a balance of skills and experience on the board to support effective leadership and business development[87]. - The company has established a board diversity policy, considering factors such as gender, age, cultural background, and professional experience to achieve diversity among board members[103]. - The board held five meetings during the reporting period, exceeding the minimum requirement of four meetings per year[106]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial information and overseeing the financial reporting system[108]. - The company has adopted a standard code of conduct for securities trading, ensuring all directors comply with the regulations during the reporting period[99]. - All newly appointed board members are required to undergo orientation training to understand the company's operations and their responsibilities as directors[100]. - The nomination committee reviews the director nomination process annually to ensure its ongoing effectiveness[94]. - The company has a compliance advisor to assist the board in fulfilling its corporate governance responsibilities[102]. - The chairman and CEO roles are held by the same individual to provide stable market leadership and facilitate quick decision-making[95]. - The company emphasizes continuous professional development for all directors to enhance their knowledge and skills in corporate governance and regulations[100]. Risk Management and Internal Control - The risk management and internal control system aims to identify and manage risks at an acceptable safety level to achieve business objectives[126]. - The company has adopted a continuous risk assessment approach to identify and evaluate inherent risks affecting its objectives[127]. - The management confirmed the effectiveness of the risk management and internal control systems as of December 31, 2021[130]. - An independent consultant was hired to review the internal control system, identifying minor deficiencies but no major flaws[130]. - The company has implemented a rigorous internal control system to ensure timely and accurate disclosure of information to shareholders[135]. - The board is responsible for the company's environmental, social, and governance (ESG) risk management and internal control systems[133]. - The company has adopted a three-tier risk management process to identify, analyze, assess, and manage significant risks[128]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of maintaining good standards in environmental, social, and governance (ESG) practices, ensuring sustainable development in all business operations[161]. - The company engages with stakeholders to understand risks and opportunities, ensuring effective communication and maintaining good relationships with key stakeholders[162]. - The company has established various channels for stakeholder engagement, including annual reports, meetings, and community participation[165]. - The board of directors plays a crucial role in overseeing ESG matters, assessing risks related to operations, and developing policies to address these risks[177]. - The company aims to provide heating and cooling services using new green energy to replace traditional energy sources, promoting long-term sustainability and environmental protection[161]. - The company is committed to transparency and information disclosure to shareholders and investors, ensuring their rights and interests are protected[165]. - The company conducts regular discussions with stakeholders to identify and prioritize key environmental, social, and governance issues relevant to its business[171]. - The company established an Environmental, Social, and Governance (ESG) working group consisting of 6 members, including 3 executive directors and 3 independent non-executive directors, to oversee ESG processes and risk management[178]. - The company conducted a materiality assessment to understand stakeholder expectations regarding ESG issues, ensuring comprehensive communication channels were utilized[179]. - The company is committed to reducing its operational environmental impact and has implemented measures to enhance employee environmental awareness and practices[185]. - The company achieved compliance with all relevant environmental laws and regulations, with no legal cases related to environmental issues during the reporting period[185]. - The company aims to reduce air pollutant emissions by 3% by 2025, with a significant reduction in emissions achieved in 2021 due to effective energy-saving policies[188]. - In 2021, the total air pollutant emissions were as follows: Nitrogen Oxides (NOx) at 798.76 kg, Sulfur Dioxide (SO2) at 19.23 kg, and Particulate Matter (PM) at 104.54 kg[189]. - The company continuously improves its environmental management system, certified to meet higher standards from ISO14001:2004 to ISO14001:2015[185]. - The company has implemented internal policies to save resources, manage waste, and reduce pollution, ensuring environmental considerations remain a priority in daily operations[185]. - The company is setting strategic goals for the next three to five years to focus on achieving its aspirations and objectives[183]. - The company emphasizes the importance of effective communication with stakeholders regarding the progress of its ESG objectives and goals[182]. - The total greenhouse gas emissions for 2021 amounted to 7,347.71 tons of CO2 equivalent, slightly up from 7,322.87 tons in 2020[193]. - The company aims to reduce greenhouse gas emissions by 5% by 2025[193]. - The greenhouse gas emissions from the aerosol business were 3,062.85 tons of CO2 equivalent in 2021, while the clean energy business contributed 4,280.45 tons[193]. - The increase in greenhouse gas emissions in 2021 was primarily due to the manufacturing of aerosol products and the energy consumption during the construction of facilities for the newly acquired aerosol group[193]. - The company has set a target to reduce hazardous waste by 5% by 2025[200]. - The hazardous waste generated in 2021 increased mainly due to the manufacturing of aerosol products[200]. - The company has implemented a solid waste management system to minimize waste generation and environmental impact[194]. - The greenhouse gas emissions density for the aerosol business was 0.051 tons of CO2 equivalent per ton of production in 2021[193]. - The company acquired a clean energy business in China in 2017, focusing on wastewater heat recovery to replace traditional coal energy[193]. - The indirect emissions from purchased electricity (Scope 2) were a significant source of greenhouse gas emissions for the company[193].

中 國 綠 島 科 技 有 限 公 司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股份代碼: HK 2023 费用 11 25 Better For Everyone 目錄 公司資料 2 業務概覽 4 管理層討論及分析 5 中期簡明綜合全面收益表 15 中期簡明綜合財務狀況表 16 中期簡明綜合權益變動表 18 中期簡明綜合現金流量表 19 中期簡明綜合財務報表附註 20 企業管治及其他資料 36 1 中國綠島科技有限公司 中期報告 二零二一年 公司資料 執行董事 虞岳榮先生（主席） 潘伊莉女士 王小兵先生 獨立非執行董事 陳彥璁先生 阮連法先生 丘潔娟女士 審核委員會 陳彥璁先生（主席） 阮連法先生 丘潔娟女士 提名委員會 丘潔娟女士（主席） 陳彥璁先生 阮連法先生 虞岳榮先生 薪酬委員會 陳彥璁先生（主席） 阮連法先生 虞岳榮先生 丘潔娟女士 公司秘書 何嘉偉先生 註冊辦事處 Ocorian Trust (Cayman) Limited Windward 3, Regatta Office Park P.O ...

A BETTER WORLD FOR EVERYONE f E-報 Nian CE-報 Bao TM 中 國 綠 島 科 技 有 限 公 司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED (於開曼群島注册成立的有限公司) (股份代號:2023) 目錄 目錄 | --- | --- | |----------------------|-------| | | 頁次 | | 公司資料 | 2 | | 主席報告 | 3 | | 管理層討論及分析 | 4 | | 企業管治報告 | 15 | | 董事及高級管理層簡歷 | 30 | | 環境、社會及管治報告 | 33 | | 董事會報告 | 58 | | 獨立核數師報告 | 70 | | 綜合全面收益表 | 76 | | 綜合財務狀況表 | 77 | | 綜合權益變動表 | 79 | | 綜合現金流量表 | 80 | | 綜合財務報表附註 | 81 | | 財務概要 | 198 | 1 中國綠島科技有限公司 年報2020 公司資料 公司資料 | --- | --- | |---------------------------------- ...

Financial Performance - For the six months ended June 30, 2020, the group's revenue and net profit were approximately RMB 263.5 million and RMB 28.7 million, representing an increase of about 20.7% and 118.2% compared to the same period in 2019[10]. - The CMS business recorded a revenue of approximately RMB 222.9 million, an increase of about 16.0% compared to RMB 192.1 million in the same period last year[11]. - The OBM business achieved a revenue of approximately RMB 40.6 million, reflecting a significant increase of about 55.0% from RMB 26.2 million in the previous year[13]. - Profit for the period increased significantly to approximately RMB 28,700,000 from RMB 13,200,000 in 2019, an increase of about RMB 15,500,000, driven by high demand for disinfectant products in both domestic and overseas markets[22]. - The company reported revenue of RMB 263,517,000 for the six months ended June 30, 2020, an increase from RMB 218,297,000 in the same period of 2019, representing a growth of approximately 20.7%[60]. - Gross profit for the same period was RMB 79,755,000, compared to RMB 59,844,000 in 2019, indicating a year-over-year increase of about 33.3%[60]. - The net profit for the six months ended June 30, 2020, was RMB 28,740,000, up from RMB 13,171,000 in 2019, reflecting a significant increase of approximately 118.5%[60]. - The company reported a profit attributable to owners of RMB 28,740,000 for the six months ended June 30, 2020, compared to RMB 13,171,000 for the same period in 2019, representing a year-over-year increase of 117.5%[97]. Cost and Expenses - The sales cost for the six months was approximately RMB 183.8 million, an increase of about 16.0%, consistent with revenue growth[14]. - Sales expenses for the same period were approximately RMB 10,500,000, a decrease of about 6.2% from RMB 11,200,000 in 2019, mainly due to reduced transportation and travel expenses[18]. - Administrative expenses increased by approximately 18.1% to RMB 29,300,000 from RMB 24,900,000 in 2019, primarily due to increased research and development costs[19]. - The cost of sales for the six months ended June 30, 2020, was RMB 223,610 thousand, an increase of 15% compared to RMB 194,509 thousand in the same period of 2019[89]. - Depreciation and amortization expenses increased to RMB 6,211 thousand, compared to RMB 5,875 thousand in the prior year[89]. - Employee benefits expenses (excluding R&D costs) rose to RMB 21,239 thousand, an increase of 9% from RMB 19,480 thousand in the previous year[89]. Assets and Liabilities - Total assets as of June 30, 2020, were approximately RMB 791,600,000, an increase from RMB 746,200,000 as of December 31, 2019, while current liabilities net value was approximately RMB 32,400,000[25]. - The company’s total liabilities as of June 30, 2020, were RMB 439,681,000, compared to RMB 419,095,000 at the end of 2019[63]. - The company’s cash and cash equivalents were RMB 40,067,000 as of June 30, 2020, down from RMB 48,775,000 at the end of 2019[62]. - The company’s accounts receivable and other receivables totaled RMB 233,345,000, up from RMB 197,641,000 as of December 31, 2019, indicating an 18.0% increase[105]. - The company’s accounts payable as of June 30, 2020, amounted to RMB 53,905,000, compared to RMB 42,128,000 as of December 31, 2019, representing a 27.8% increase[111]. - The company’s total comprehensive income for the period was RMB 24,840,000, compared to RMB 13,375,000 for the same period in 2019, reflecting an increase of approximately 85.5%[65]. Investments and Future Plans - The group plans to continue expanding its CMS business domestically and internationally while enhancing its OBM business through product design optimization and market responsiveness[11]. - The company plans to invest in improving existing production lines and adding new production lines to enhance automation and product quality[57]. - The investment in clean energy and heating business has not met expectations, and the management will continue to evaluate its future development[8]. - The company continues to monitor the performance of its investment in 恒智 closely[40]. - The company has capital commitments of RMB 48,553,000 for property, plant, and equipment as of June 30, 2020, compared to RMB 282,000 as of December 31, 2019[134]. Corporate Governance and Management - The company has established a remuneration committee to review and approve the remuneration schemes for directors and senior management[163]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[169]. - The board of directors voluntarily reduced their salaries by 25% from August 2020 to June 2021 due to the challenging business environment caused by the US-China trade conflict and the COVID-19 pandemic[160]. - The audit committee has reviewed the unaudited interim condensed consolidated financial statements for the six months ending June 30, 2020[162]. Shareholder Information - As of June 30, 2020, the total number of shares issued by the company was 491,800,000[143]. - Mr. Yu holds 231,728,000 shares, representing 47.12% of the company's equity[141]. - The company has a stock option plan that allows for the issuance of up to 40,000,000 shares, which is 10% of the total shares issued at the time of the plan's adoption[150]. - Perfect Century Group Limited holds 35,400,000 shares, representing 7.20% of the company's equity[153]. - The stock option plan was adopted on September 16, 2013, and is valid until September 15, 2023[150].

23 (2,4,53 E Nian a Bao A BETTER WORLD FOR EVERYONE TM 中 國 綠 島 科 技 有 限 公 司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) ( 股 份 代 號：2023) 目錄 目錄 頁次 公司資料 2 主席報告 3 管理層討論及分析 4 企業管治報告 16 董事及高級管理層簡歷 31 環境、社會及管治報告 36 董事會報告 61 獨立核數師報告 73 綜合全面收益表 79 綜合財務狀況表 80 綜合權益變動表 82 綜合現金流量表 83 綜合財務報表附註 84 財務概要 192 中國綠島科技有限公司 年報 2019 1 公司資料 公司資料 | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------------------------------- ...

TM 中國 綠島科技有限公司 CHINA LUDAO TECHNOLOGY COMPANY LIMITED 〔於開曼群島註冊成立的有限公司〕 (股份代號:2023) 2019 中期報告 A BETTER WORLD FOR EVERYONE 目錄 公司資料 2 業務概覽 4 管理層討論及分析 6 中期簡明綜合全面收益表 15 中期簡明綜合財務狀況表 16 中期簡明綜合權益變動表 18 中期簡明綜合現金流量表 19 中期簡明綜合財務報表附註 20 企業管治及其他資料 42 1 中國綠島科技有限公司 中期報告 二零一九年 執行董事 虞岳榮先生（主席） 譚向東先生（副主席） 陳寶元先生 潘伊莉女士 王小兵先生 非執行董事 田廷山先生 獨立非執行董事 陳彥璁先生 阮連法先生 丘潔娟女士 審核委員會 陳彥璁先生（主席） 阮連法先生 丘潔娟女士 提名委員會 丘潔娟女士（主席） 陳彥璁先生 阮連法先生 虞岳榮先生 薪酬委員會 陳彥璁先生（主席） 阮連法先生 虞岳榮先生 丘潔娟女士 公司秘書 何嘉偉先生 註冊辦事處 Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman ...

Financial Performance - The company's revenue for the reporting period was approximately RMB 405 million, representing a 2.4% increase compared to 2017[14]. - The net profit for the reporting period was approximately RMB 23.2 million, reflecting a 6.4% increase from the previous year[14]. - The basic earnings per share were approximately RMB 0.05, unchanged from 2017[14]. - The gross profit for the reporting period was approximately RMB 95.1 million, up about 7.6% from RMB 88.4 million in 2017, with a gross margin of 23.5% compared to 22.3% in the previous year[21]. - The net profit for the reporting period was approximately RMB 23.2 million, an increase of about 5.9% from RMB 21.9 million in 2017, with a net profit margin rising from 5.5% to 5.7%[22]. - The CMS business revenue for the reporting period was approximately RMB 367 million, an increase of about 1.9% compared to RMB 360 million in 2017[16]. - The OBM business revenue for the reporting period was approximately RMB 38 million, reflecting a growth of about 6.4% from RMB 35.7 million in 2017[17]. Business Growth and Strategy - The company's CMS business has maintained growth for four consecutive years, while the OBM business recorded a growth of about 6.4%[13]. - The company is optimistic about the growth prospects of its clean energy and heating business, supported by market demand and national policies[14]. - The company plans to enhance investment project monitoring and consider resource allocation to strengthen its competitiveness in the clean energy sector[14]. - The company has successfully reversed the declining trend of its OBM business through targeted strategies such as brand enhancement and marketing team strengthening[7]. - The company aims to actively participate in various domestic and global exhibitions to promote its brand image and strengthen strategic customer relationships[13]. - The company continues to optimize its strategies to respond to external challenges, including the impacts of the US-China trade war[7]. - The company is focused on increasing product innovation and expanding overseas markets to enhance its competitiveness[7]. Financial Position and Investments - The total assets as of December 31, 2018, were approximately RMB 796.2 million, up from RMB 640.7 million in 2017[30]. - The bank borrowings as of December 31, 2018, amounted to approximately RMB 59.9 million, an increase from RMB 44.6 million in 2017[33]. - The group invested approximately RMB 2,600,000 in joint ventures, RMB 14,800,000 in properties, and RMB 42,300,000 in financial assets measured at fair value during the reporting period[40]. - The net proceeds from the IPO were allocated as follows: RMB 32 million for new production equipment, RMB 14 million for expanding domestic distribution channels, RMB 7 million for marketing and brand promotion, and RMB 6 million for working capital[42]. - The company successfully raised RMB 59,000,000 from the issuance of bonds during the recommendation period[58]. - The company plans to enhance its financial position and invest in suitable opportunities with the proceeds from the bonds[57]. Corporate Governance - The board consists of five executive directors, one non-executive director, and three independent non-executive directors, ensuring compliance with listing rules[77]. - The board is responsible for overall business management and strategy development, aiming to maximize shareholder returns and enhance long-term value[80]. - The company emphasizes the importance of good corporate governance for its sustainable development and strives to establish suitable governance practices[71]. - The company has adopted a "Director Nomination Procedure" to ensure a formal and transparent process for evaluating and selecting board candidates[82]. - All directors are required to retire at least once every three years and are eligible for re-election at the annual general meeting[82]. - The company has established a diversity policy for board members, considering factors such as gender, age, cultural background, and professional experience[96]. - The company has implemented a compliance advisor to oversee corporate governance functions, including policy review and training for directors and senior management[95]. Environmental Sustainability - The company is committed to environmental sustainability and has initiatives in place to promote green technology[138]. - The company has adopted ISO 14001:2015 standards for environmental management, focusing on resource conservation and pollution reduction[171]. - The company has fully complied with all relevant environmental laws and regulations throughout the year, with no legal cases related to environmental issues[171]. - The company has engaged qualified waste collectors to handle hazardous waste generated during aerosol product manufacturing, ensuring compliance with environmental standards[189]. - The company processed and discharged approximately 7,700 cubic meters of wastewater during the reporting period, representing an increase of about 3% compared to the same period in 2017[195]. - The company has established a solid waste management system to minimize waste generation and environmental impact[184]. - The company is dedicated to enhancing environmental sustainability as a core aspect of its daily operations[171]. Stakeholder Engagement - The company actively communicates with shareholders through various channels, ensuring timely and accurate disclosure of relevant information[121]. - The company has established policies for handling and disclosing inside information, regularly reminding directors and employees to comply with these policies[119]. - The company engages in regular communication with stakeholders to understand their expectations and concerns, which aids in informed decision-making[165]. - The company has established various channels for stakeholder participation, including annual meetings and reports for shareholders and investors[160]. - Stakeholder engagement is crucial for understanding risks and opportunities, and the company maintains effective communication with key stakeholders[155].